Richard Drury/DigitalVision via Getty Images Thesis Summary Strategy Inc. ( MSTR ) made headlines last week as it broke its "never sell" Bitcoin ( BTC-USD ) doctrine. Michael Saylor disposed of 32 BTC to fund preferred stock dividends, a small transaction but with significant implications. Indeed, the preferred stock overhang is a genuine new risk that we must address in this article. However, I r...
Richard Drury/DigitalVision via Getty Images Thesis Summary Strategy Inc. ( MSTR ) made headlines last week as it broke its "never sell" Bitcoin ( BTC-USD ) doctrine. Michael Saylor disposed of 32 BTC to fund preferred stock dividends, a small transaction but with significant implications. Indeed, the preferred stock overhang is a genuine new risk that we must address in this article. However, I remain bullish on MSTR at these prices. Bitcoin's structural bull case is intact. Strategy resumed buying this week, and the stock's compressed NAV premium still leaves meaningful upside. A Quick Update Back in February, I made what I called my "ultimate contrarian bet for 2026." The core argument was that even though the four-year halving cycle had broken down, Bitcoin itself hadn't. MSTR still offers a leveraged way to play a Bitcoin recovery, with a compressed NAV premium and elevated short interest as potential catalysts. Since my last piece, the stock has been essentially flat, which is actually quite good given the volatility we’ve seen. However, Saylor was forced to sell last week, and this is something we must address. The Preferred Stock Overhang: A New Risk Factor I'm Taking Seriously On June 1st, Strategy filed an 8-K disclosing the sale of 32 BTC , roughly equivalent to $2.5. This was done in order to fund distributions on the company's STRC perpetual preferred stock. A lot of investors become worried about this move, but we have to look at things in a broader context. MSTR holds 843,706 Bitcoin, so 32 coins represent roughly 0.004% of the total treasury. But this move indeed highlights a clear weakness in Strategy's strategy. Strategy now carries five series of preferred stock with combined annual dividend obligations of over $750 million. The company held over $2.25 billion at the start of the year to fund this, but that’s now down to under $1 billion. And MSTR has also been actively selling common stock through its at-the-market program, raising during this ti...
Jackson National Life Insurance Company（Jackson）近日宣布推出Jackson Market Link Pro 4（JMLP4）和Jackson Market Link Pro Advisory 4（JMLPA4），进一步强化其注册指数挂钩年金（RILA）产品线。此次推出的新品首次在RILA领域引入 道琼斯 工业平均指数作为挂钩选项，同时提供灵活保费缴纳...
Jackson National Life Insurance Company（Jackson）近日宣布推出Jackson Market Link Pro 4（JMLP4）和Jackson Market Link Pro Advisory 4（JMLPA4），进一步强化其注册指数挂钩年金（RILA）产品线。此次推出的新品首次在RILA领域引入 道琼斯 工业平均指数作为挂钩选项，同时提供灵活保费缴纳功能和六年期费率锁定保障。 作为Jackson Financial Inc．（纽约证券交易所代码：JXN）的主要运营子公司，Jackson此次推出的JMLP4（佣金型）和JMLPA4（费用型）旨在帮助客户在退休前及退休期间实现资产增值，同时提供不同程度的市场下行保护，包括本金完全保障选项。 Jackson Distribution执行副总裁Alison Reed表示：“通过率先在RILA行业中引入道琼斯工业平均指数作为挂钩选项，并为客户提供向现有合约追加资金的能力，以及锁定前六年保费费率的保证上限计息方式，我们正在为客户提供更多的投资策略选择权和信心。” 此次推出的JMLP4和JMLPA4的主要创新包括：道指指数选项（与标普500、罗素2000、 纳斯达克 100等现有指数并列）、灵活保费功能（允许客户在不重新提交申请的情况下向现有合约追加资金）、以及保证上限计息方式（客户可锁定前六年保费年度的上限费率）。 此外，产品还提供全额或部分业绩锁定功能，客户可在指数账户选项期内的任何时点锁定其阶段性价值。这些资金将转入业绩锁定持有账户，按公布利率计息直至下一个保费分配周年日。客户还可选择费率提升选项，在额外付费基础上获得更高的增长潜力。 Jackson近期还提升了其传统可变年金产品的保证提现率，并强调其在RILA市场的领先地位。分析人士认为，将道琼斯工业平均指数纳入RILA挂钩选项，标志着该类产品正从传统的宽基指数向更具标志性的市场基准拓展，有望吸引更广泛的风险偏好型投资者。 责任编辑：张俊 SF065
Iryna Tolmachova/iStock Editorial via Getty Images About six months ago I wrote a piece on Shopify ( SHOP ). Sure enough, the stock price didn't behave in the way I had expected. It's down 35% while the benchmark has appreciated by 7% here. A significant underperformance. SHOP: Stock Declined 35% Since My Last Piece (Seeking Alpha) But, quite frankly, nothing critical happened. I don't see any sig...
Iryna Tolmachova/iStock Editorial via Getty Images About six months ago I wrote a piece on Shopify ( SHOP ). Sure enough, the stock price didn't behave in the way I had expected. It's down 35% while the benchmark has appreciated by 7% here. A significant underperformance. SHOP: Stock Declined 35% Since My Last Piece (Seeking Alpha) But, quite frankly, nothing critical happened. I don't see any significant structural issues. If anything, Shopify rides the AI wave by using AI-powered solutions. So, I am not in the camp that it's going to be disrupted by it. I view its service ecosystem as too significant to be replaced by a new competitor. On top of this, it remains a steady revenue growth story. I maintained my rating as Buy. I view tailwinds developing favorably for this e-commerce giant. Shaky Earnings, But Top Line Growth Remains Intact That's correct. Although Shopify has a shaky historical earnings performance with a few occasions when it struggled to beat the bottom-line estimates, revenue growth still remains intact. And management has been consistent here. And I still view Shopify as a revenue growth story. SHOP: Historical Earnings (Seeking Alpha) The e-commerce company had its earnings in the beginning of May. Surprisingly enough, a double beat here was met with a nearly 16% decline in the stock price. But was the earnings report so bad? Quite frankly, I don't view it this way. And I also think that the market overreacted. SHOP: Highlights (Shopify Investor Relations) Now, SHOP delivered roughly $3.2 billion in revenue . And that's a 34% increase in the top line over the past 12 months versus $2.4 billion in the same quarter last year. Now, this revenue growth is actually signaling an acceleration from 27% top-line growth last year. On top of this, its monthly recurring revenue achieved an all-time high $212 million mark. Now, that's roughly a 19% 5-year CAGR. I don't find this a walk in the park. If anything, this strengthens Shopify's bull case here. Now,...
Congressman James Comer, Chairman of the House Oversight Committee and Republican representing Kentucky's 1st District joined Balance of Power to discuss the latest on Reconciliation, the DOJ Fund and the likelihood of FISA lapsing at the end of the week. (Source: Bloomberg)
Congressman James Comer, Chairman of the House Oversight Committee and Republican representing Kentucky's 1st District joined Balance of Power to discuss the latest on Reconciliation, the DOJ Fund and the likelihood of FISA lapsing at the end of the week. (Source: Bloomberg)
Wall Street can’t stop talking about Intel (NASDAQ:INTC), the once-faded chipmaker now sporting a 168.75% year-to-date rally on the back of an NVIDIA $5 billion equity injection, a U.S. government stake, and breathless turnaround chatter. Here is what the data actually shows. The Intel Trade Is Crowded, Capital-Hungry, and Mispriced for This Rate Regime The ... Forget Intel Corporation: As Rising ...
Wall Street can’t stop talking about Intel (NASDAQ:INTC), the once-faded chipmaker now sporting a 168.75% year-to-date rally on the back of an NVIDIA $5 billion equity injection, a U.S. government stake, and breathless turnaround chatter. Here is what the data actually shows. The Intel Trade Is Crowded, Capital-Hungry, and Mispriced for This Rate Regime The ... Forget Intel Corporation: As Rising Yields Shake Wall Street, This Unstoppable AI Powerhouse Is a No-Brainer Buy
Watch NYSE Fireside Below, or Click HERE: CorpGov hosted a fireside chat on June 2 from the floor of the New York Stock Exchange with Randall Adams and Mark Garibyan, Partners at Seward & Kissel LLP. The in-person interview was joined by Editor-at-Large Jarrett Banks, and they discussed why 2026 shareholder activism remains strong with growing focus […] The post Activism in 2026: Seward & Kissel P...
Watch NYSE Fireside Below, or Click HERE: CorpGov hosted a fireside chat on June 2 from the floor of the New York Stock Exchange with Randall Adams and Mark Garibyan, Partners at Seward & Kissel LLP. The in-person interview was joined by Editor-at-Large Jarrett Banks, and they discussed why 2026 shareholder activism remains strong with growing focus […] The post Activism in 2026: Seward & Kissel Partners Randall Adams & Mark Garibyan, Live at NYSE appeared first on CorpGov.
vm/E+ via Getty Images Introduction Rackspace Technology, Inc. ( RXT ) had a violent rally from $0.39 in February 2026 to north of $7.5 in mid-May. Two things drove it: a return to positive net income in Q1 and a non-binding MoU signed with AMD on May 7 to build an "Enterprise AI Cloud" purpose-built for regulated and sovereign workloads. RXT Price Action (Seeking Alpha) What makes RXT interesting...
vm/E+ via Getty Images Introduction Rackspace Technology, Inc. ( RXT ) had a violent rally from $0.39 in February 2026 to north of $7.5 in mid-May. Two things drove it: a return to positive net income in Q1 and a non-binding MoU signed with AMD on May 7 to build an "Enterprise AI Cloud" purpose-built for regulated and sovereign workloads. RXT Price Action (Seeking Alpha) What makes RXT interesting right now is that there is evidence supporting both the bullish and bearish views. On one side, Public Cloud revenue grew 7% YoY in Q1. An AMD partnership could give the company a unique compliance advantage that hyperscalers cannot easily replicate. Management returned the business back to GAAP net income while repurchasing roughly $96M of debt notional at a significant discount during the quarter. On the other side, $2.48B of debt principal sits on the balance sheet (per the Q1 earnings presentation), with the bulk maturing in May 2028. LTM free cash flow generation is only $77M against that debt burden. We walk through the Q1 2026 results, frame the AMD pivot against what we see as the real strategic opportunity, and explain why we rate Hold despite the operational progress. Q1 2026: Modest Operational Improvement In Q1 , the company returned to positive GAAP net income. Rackspace reported total revenue of $678M, up 2% YoY against consensus around $661M. That is a beat of roughly $17M. Net income came in at $8.3M, swinging from a loss of $71.5M in the prior-year quarter. However, $55.8M of that earnings improvement is a gain on debt extinguishment from buying back FLSO and Legacy notes at a discount to par. Removing that item and underlying GAAP loss from operations was still negative $17.8M (narrowed from negative $38.4M). Q1 2026 Financial Results (Rackspace Q1 Earnings Slide) Public Cloud was the bright spot. Revenue came in at $443M, growing 7% YoY (services revenue grew 10% as per the company). The driver was managed services demand. Public Cloud segment operating ...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The market is attempting to rebound from Friday's sharp sell-off, with the S & P 500 up 0.6% and the Nasdaq rising 1.2% in afternoon trading. The AI trade was mostly higher, but hyperscalers remained under pressure as investors ...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The market is attempting to rebound from Friday's sharp sell-off, with the S & P 500 up 0.6% and the Nasdaq rising 1.2% in afternoon trading. The AI trade was mostly higher, but hyperscalers remained under pressure as investors worried that more may follow Alphabet 's lead and tap the equity markets to fund AI spending. Honeywell shares are drifting lower after the company reaffirmed its full-year outlook and provided new guidance for Honeywell Technologies, the name of the remaining company following the separation of its aerospace business. Some of the key updates from the presentation: The company saw strong orders in the second quarter Industrial automation growth is expected to be roughly flat this year, an improvement over management's prior view of a low-single-digit decline. Process automation and technology (PA & T) remains a second-half-of-the-year story due to the ongoing conflict in the Middle East, impacting shipments and delaying upgrades. Honeywell also cleaned up its EPS guidance by excluding the aerospace business, removing the impact of recently public Quantinuum, and accounting for pension and separation-related costs. Investors will get a more in-depth look into Technologies, including new three-year financial targets, at its investor day on Thursday. Honeywell announced on Friday that shareholders will receive one share of Honeywell Aerospace (HONA) for every two shares of Honeywell common stock. Using the Charitable Trust as an example, the portfolio will receive 195 shares of the Aerospace company. Immediately after the spin is complete, Honeywell Technologies will undergo a 1-for-2 reverse stock split, reducing our share count from 390 to 195. Lots of moving parts, but the market value of our pre-spin-off Honeywell position shouldn't materially change when you add up the ne...
This year is shaping up to be a historic in terms of companies going public. Artificial intelligence (AI) start-ups Anthropic and OpenAI plan their initial public offerings (IPOs) this year, but unquestionably, the biggest debut is expected to be SpaceX. The company is looking to raise $75 billion in its offering, which will dwarf previous records by a wide margin. The hype machine is ramping up a...
This year is shaping up to be a historic in terms of companies going public. Artificial intelligence (AI) start-ups Anthropic and OpenAI plan their initial public offerings (IPOs) this year, but unquestionably, the biggest debut is expected to be SpaceX. The company is looking to raise $75 billion in its offering, which will dwarf previous records by a wide margin. The hype machine is ramping up at dizzying proportions, and that's understandable. The chance to get in on the ground floor and ride the rocket maker to new heights is certainly a tempting proposition. So, should investors buy SpaceX on IPO day ? Let's see what lessons we can glean from history. Image source: Getty Images. Continue reading
Hispanolistic Interactive Brokers Group ( IBKR ) stock climbed 3.8% in late Monday trading after Wolfe Research started coverage of the online broker with an Outperform rating. Analyst Steven Chubak describes Interactive Brokers ( IBKR ) as one of the only brokerage platforms with a global footprint and a demonstrated ability to sustain growth at high incremental margins. "We believe ~25% long-ter...
Hispanolistic Interactive Brokers Group ( IBKR ) stock climbed 3.8% in late Monday trading after Wolfe Research started coverage of the online broker with an Outperform rating. Analyst Steven Chubak describes Interactive Brokers ( IBKR ) as one of the only brokerage platforms with a global footprint and a demonstrated ability to sustain growth at high incremental margins. "We believe ~25% long-term (L/T) account growth should prove sustainable given an unmatched geographic footprint and access to channels beyond individual investors (Introducing Brokers, Prime, RIA)," the analyst wrote in a note to clients. "Moreover, IBKR has already absorbed the upfront costs of expanding internationally, suggesting the firm's best-in-class margins should prove sustainable with incremental account growth." He assigned a price target of $101 to the stock, implying 20% upside potential to its closing price of $84.40 on Friday. The Outperform rating contrasts with the SA Quant rating of Hold and agrees with the average Wall Street rating of Buy. More on Interactive Brokers Group Interactive Brokers: Record Results Meet Structural Headwinds Interactive Brokers Group, Inc. (IBKR) Q1 2026 Earnings Call Transcript Interactive Brokers: A Compounding Machine That Deserves To Be Bought Patiently Which brokerages are scrapping pattern day trading rules today? Hinde Group adds AMZN, NFLX; trims IBKR among Q1 moves
A magnitude 6.1 earthquake struck off the coast of Cuba on June 8th, 2026. There are reports that the quake was felt along the Gulf coast including Central Florida. USGS An earthquake of magnitude 6.0 struck off the coast of Cuba on Monday, the German Research Center for Geosciences (GFZ) said. The quake was at a depth of 10 km (6.21 miles), GFZ added. There were no immediate reports of damages. T...
A magnitude 6.1 earthquake struck off the coast of Cuba on June 8th, 2026. There are reports that the quake was felt along the Gulf coast including Central Florida. USGS An earthquake of magnitude 6.0 struck off the coast of Cuba on Monday, the German Research Center for Geosciences (GFZ) said. The quake was at a depth of 10 km (6.21 miles), GFZ added. There were no immediate reports of damages. The U.S. Geological Survey reported the earthquake at a 6.1 magnitude, with its epicenter 104 km west-northwest of Mantua, Cuba. No tsunami warning or watch was issued after the earthquake, according to the U.S. National Weather Service. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Key PointsPVH manages a vast global portfolio anchored by Tommy Hilfiger and Calvin Klein with a major emphasis on direct-to-consumer and digital sales.
Key PointsPVH manages a vast global portfolio anchored by Tommy Hilfiger and Calvin Klein with a major emphasis on direct-to-consumer and digital sales.
Leon Neal/Getty Images News Apple ( AAPL ) took the wraps off its long-awaited Siri refresh on Monday, and the tech giant has already begun the process of monetizing it. During the keynote, executives at the tech giant said that many Apple Intelligence features will be available for free to users. However, the company also explained that some features, including image generation, have daily usage ...
Leon Neal/Getty Images News Apple ( AAPL ) took the wraps off its long-awaited Siri refresh on Monday, and the tech giant has already begun the process of monetizing it. During the keynote, executives at the tech giant said that many Apple Intelligence features will be available for free to users. However, the company also explained that some features, including image generation, have daily usage limits “because they rely on powerful server models.” As such, the tech giant said that increased access will be available with most iCloud+ subscription plans. Apple did not say which iCloud+ plans would get increased access, but iCloud+ plans start at $0.99 per month for 50GB worth of additional space. The next tier is $2.99 per month for 200GB, while the three most expensive tiers are $10.99, $32.99, and $64.99 per month, respectively. Apple One, the company's all-inclusive subscription plan, starts at $19.95 per month and includes an iCloud+ subscription that gives users 50GB worth of storage. The Family and Premier tier plans cost $25.95 and $37.95 per month and come with 200GB and 2TB, respectively. Cupertino, Calif.-based Apple did not immediately respond to a request for comment from Seeking Alpha. More on Apple Wall Street Brunch: SpaceX IPO, WWDC And CPI Apple Reaps AI Benefits Without Capex Burden (Rating Upgrade) Apple: We Don't Need No Engineering, We Don't Need No Fold-A-Phone Schwab Trading Activity Index rebounds in May Apple gets groovy with macOS 27 Golden Gate; Siri app spans across operating systems