With a five-year EPS forecast of 49.11%, Broadcom Inc. (NASDAQ:AVGO) is among the 12 Best Future Stocks to Buy Right Now. On May 19, Evercore ISI analyst Mark Lipacis raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $582 from $490 and maintained an Outperform rating after conducting first-quarter AI channel checks. The firm highlighted that AI workloads appear to be shifting from a...
With a five-year EPS forecast of 49.11%, Broadcom Inc. (NASDAQ:AVGO) is among the 12 Best Future Stocks to Buy Right Now. On May 19, Evercore ISI analyst Mark Lipacis raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $582 from $490 and maintained an Outperform rating after conducting first-quarter AI channel checks. The firm highlighted that AI workloads appear to be shifting from a training-led regime toward an inference-led model by the end of 2026, a transition that is increasing focus on cost-per-token, return on investment, and total cost of ownership, while accelerating hyperscaler interest in custom ASICs and alternative accelerators—an area where Broadcom is well positioned. A day earlier, UBS analyst Timothy Arcuri raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $490 from $475 while keeping a Buy rating on the shares. The firm updated its model ahead of Broadcom’s second-quarter earnings report, adding to positive sentiment surrounding the company’s AI semiconductor opportunity and infrastructure software business. Broadcom Inc. (NASDAQ:AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company serves critical end markets, including data centers, networking, broadband, wireless, and enterprise software, while also emerging as a major beneficiary of rising AI infrastructure investment through its custom silicon capabilities. It is headquartered in San Jose, California, and was founded in 1991. While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Best Heavy Equipment Stocks to Buy as Backlogs Hit Records and 9 Best Natural Gas St...
With a five-year EPS forecast of 49.11%, Broadcom Inc. (NASDAQ:AVGO) is among the 12 Best Future Stocks to Buy Right Now. On May 19, Evercore ISI analyst Mark Lipacis raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $582 from $490 and maintained an Outperform rating after conducting first-quarter AI channel checks. The firm highlighted that AI workloads appear to be shifting from a...
With a five-year EPS forecast of 49.11%, Broadcom Inc. (NASDAQ:AVGO) is among the 12 Best Future Stocks to Buy Right Now. On May 19, Evercore ISI analyst Mark Lipacis raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $582 from $490 and maintained an Outperform rating after conducting first-quarter AI channel checks. The firm highlighted that AI workloads appear to be shifting from a training-led regime toward an inference-led model by the end of 2026, a transition that is increasing focus on cost-per-token, return on investment, and total cost of ownership, while accelerating hyperscaler interest in custom ASICs and alternative accelerators—an area where Broadcom is well positioned. A day earlier, UBS analyst Timothy Arcuri raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $490 from $475 while keeping a Buy rating on the shares. The firm updated its model ahead of Broadcom’s second-quarter earnings report, adding to positive sentiment surrounding the company’s AI semiconductor opportunity and infrastructure software business. Broadcom Inc. (NASDAQ:AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company serves critical end markets, including data centers, networking, broadband, wireless, and enterprise software, while also emerging as a major beneficiary of rising AI infrastructure investment through its custom silicon capabilities. It is headquartered in San Jose, California, and was founded in 1991. While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Best Heavy Equipment Stocks to Buy as Backlogs Hit Records and 9 Best Natural Gas St...
Almonty Industries ( ALM ) is expected to join the Russell 1000 Index and Russell 3000 Index following the 2026 Russell indexes reconstitution. The inclusion is based on FTSE Russell’s preliminary additions list published on May 22, 2026. The company’s index inclusion is scheduled to become effective at the market open on June 29, 2026. Almonty is also expected to be added to relevant Russell grow...
Almonty Industries ( ALM ) is expected to join the Russell 1000 Index and Russell 3000 Index following the 2026 Russell indexes reconstitution. The inclusion is based on FTSE Russell’s preliminary additions list published on May 22, 2026. The company’s index inclusion is scheduled to become effective at the market open on June 29, 2026. Almonty is also expected to be added to relevant Russell growth and value style indexes. More on Almonty Industries Inc. Almonty Industries: Memory Supercycle And Iran War Cause Tungsten Shortage, Making This Stock A Buy Almonty Industries: Ride The Tungsten Supercycle Almonty Industries GAAP EPS of -$0.02 misses by $0.03, revenue of $25.4M beats by $7.46M Almonty appoints Jorge Beristain as CFO Historical earnings data for Almonty Industries Inc.
Astrotech (ASTC) shares were up more than 53% premarket Thursday, continuing from a 459% rise in the Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
Astrotech (ASTC) shares were up more than 53% premarket Thursday, continuing from a 459% rise in the Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
Key Points Nvidia is the most recognizable name in the chip sector, but other companies have made meaningful gains in the past year. Today, the semiconductor boom is a growth story impacting the entire industry, not just a handful of winners. The VanEck Semiconductor ETF (SMH) provides exposure to two dozen industry names but gives more weight to the megacaps. 10 stocks we like better than VanEck ...
Key Points Nvidia is the most recognizable name in the chip sector, but other companies have made meaningful gains in the past year. Today, the semiconductor boom is a growth story impacting the entire industry, not just a handful of winners. The VanEck Semiconductor ETF (SMH) provides exposure to two dozen industry names but gives more weight to the megacaps. 10 stocks we like better than VanEck ETF Trust - VanEck Semiconductor ETF › Semiconductors have been Wall Street's hottest investment for more than three years now. And the hottest exchange-traded fund (ETF) in this space is the VanEck Semiconductor ETF (NASDAQ: SMH). With a three-year total return of more than 350%, it's been the best-performing non-leveraged ETF in this category (and by a fair margin). The reason for the outperformance has been the absolute boom in megacap chipmakers. Nvidia, Taiwan Semiconductor Manufacturing, and Broadcom led the sector higher out of the gate, but now the next tier of names, including Lam Research, ASML, and Applied Materials, are starting to catch up. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » In its very early stages, the artificial intelligence (AI) story centered around Nvidia. Today, it's an industrywide growth story. Current forecasts call for nearly $1 trillion in annual sales. By 2036, that number is expected to double to $2 trillion. While there is likely to be a growth slowdown sometime in the next several years, it doesn't look like it's going to happen anytime soon. After the initial hype rally, semiconductor companies are again trading on earnings and financial results. Given the sector's current trajectory, the VanEck Semiconductor ETF is a buy. How the VanEck Semiconductor ETF (SMH) is constructed This ETF tracks the MVIS US Listed Semiconductor 25 Index, a market-cap-weighted portfol...
S&P 500 Index futures fall 0.3% as of 7:32 a.m. in New York after attacks in the Middle East fueled doubts over whether an end to the war is imminent. Nasdaq 100 futures are down 0.5% Dow Jones Industrial Average futures fall 0.2% The MSCI World Index is down 0.2% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Microsoft (MSFT) +0.9%, Meta Platforms (META) +0.2%, ...
S&P 500 Index futures fall 0.3% as of 7:32 a.m. in New York after attacks in the Middle East fueled doubts over whether an end to the war is imminent. Nasdaq 100 futures are down 0.5% Dow Jones Industrial Average futures fall 0.2% The MSCI World Index is down 0.2% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Microsoft (MSFT) +0.9%, Meta Platforms (META) +0.2%, Apple (AAPL) -0.2%, Amazon (AMZN) -0.4%, Alphabet (GOOGL) -0.5%, Nvidia (NVDA) -1.1%, Tesla (TSLA) -1.3% Braze Inc. shares (BRZE) are down 11% after the cloud—based software company reported its first-quarter results and gave an outlook. Despite the stock’s decline, analysts are broadly positive, and recommended buying on weakness. BRP Inc. (DOO) rises 8.1% after it boosted its revenue guidance for the full year, which beat the average analyst estimate. Caesars Entertainment (CZR) rises 2% after Fertitta Entertainment agreed to acquire the company in an all-cash transaction valued at about $17.6 billion. Dollar Tree shares (DLTR) rise 10% after the retailer boosted its adjusted earnings per share guidance for the full year above the consensus estimate after stronger-than-expected performance in the first quarter. Dominion Energy Inc. shares (D) rise 0.5% after Jefferies raised its recommendation on the utilities company to buy from hold on the NextEra Energy merger. Everpure shares (P) fall 11% as the computer storage company gave a full-year revenue guidance that implied slower growth in the second half of the year amid higher prices. HP Inc. shares (HPQ) drop 1.6% as higher memory chip prices weigh on the PC maker’s profit forecast for the third quarter. Marvell Technology shares (MRVL) fall 2.7% as the chipmaker’s modest beat failed to impress investors with high expectations. NCino shares (NCNO) rise 12% after the cloud banking company boosted its revenue guidance for the full year as subscription revenues increase on AI demand. Photronics shares (PLAB) fall 26% after i...
We recently compiled a list of the 10 Most Widely Held Stocks by Individuals in 2026. Applied Materials, Inc. (NASDAQ:AMAT) is one of the most widely held stocks by individuals on this list. TheFly reported on May 19 that Argus increased its price target on AMAT to $500 from $420 while reaffirming a Buy rating following the company’s stronger-than-expected second quarter results. The firm highligh...
We recently compiled a list of the 10 Most Widely Held Stocks by Individuals in 2026. Applied Materials, Inc. (NASDAQ:AMAT) is one of the most widely held stocks by individuals on this list. TheFly reported on May 19 that Argus increased its price target on AMAT to $500 from $420 while reaffirming a Buy rating following the company’s stronger-than-expected second quarter results. The firm highlighted AMAT’s favorable long-term outlook, supported by rising AI-related chip demand and increased domestic semiconductor manufacturing initiatives. In a separate major development, on May 20, Applied Materials, Inc. (NASDAQ:AMAT) revealed that Broadcom will participate in its EPIC platform as a strategic innovation collaborator focused on advancing next-generation semiconductor packaging solutions for AI systems. The partnership aims to support the growing need for faster and more energy-efficient computing infrastructure as artificial intelligence workloads continue expanding worldwide. Through the collaboration, Broadcom will gain access to AMAT’s research and development ecosystem, including its global innovation facilities and the upcoming EPIC Center in Silicon Valley. Is Applied Materials, Inc. (AMAT) a Top AI Semiconductor Stock After Analyst Raises Target to $500? The companies plan to jointly accelerate the commercialization of advanced chip packaging and heterogeneous integration technologies designed to improve interconnect density, bandwidth, and overall system performance. AMAT also emphasized that the EPIC platform is intended to strengthen cross-industry cooperation between equipment providers, semiconductor companies, and system designers to shorten development timelines and help bring emerging AI-related semiconductor technologies into high-volume manufacturing more efficiently. Applied Materials, Inc. (NASDAQ:AMAT) is a global leader in materials engineering solutions and supplies the equipment, software, and services used to manufacture advanced semiconduc...
(RTTNews) - Wednesday, Baker Hughes Company (BKR) announced two contract extensions with Equinor to provide integrated drilling and well services solutions, as well as wireline intervention services. Under the integrated drilling and well services contract, the company intends to leverage capabilities across its Well Construction and Completions, Intervention and Measurement portfolios to support ...
(RTTNews) - Wednesday, Baker Hughes Company (BKR) announced two contract extensions with Equinor to provide integrated drilling and well services solutions, as well as wireline intervention services. Under the integrated drilling and well services contract, the company intends to leverage capabilities across its Well Construction and Completions, Intervention and Measurement portfolios to support development on the Norwegian continental shelf. Meanwhile, under the intervention contract, the company plans to expand the scope of service delivery of the Baker Hughes technology portfolio centered around the PRIME Technology Platform. With these contracts, the energy technology company aims to create a more secure energy future for Norway and all of Europe. In the pre-market hours, BKR is trading at $63.80, up 0.95 percent on the Nasdaq. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
RHJ REalloys ( ALOY ) up 1.5% pre-market after saying it signed a m emorandum of understanding with Ramaco Resources ( METC ) to evaluate a long-term partnership for the supply and commercialization of rare earth and critical mineral products from Ramaco's Brook Mine operation in Wyoming . REalloys ( ALOY ) and Ramaco ( METC ) said they expect to collaborate on metallurgical testing, product quali...
RHJ REalloys ( ALOY ) up 1.5% pre-market after saying it signed a m emorandum of understanding with Ramaco Resources ( METC ) to evaluate a long-term partnership for the supply and commercialization of rare earth and critical mineral products from Ramaco's Brook Mine operation in Wyoming . REalloys ( ALOY ) and Ramaco ( METC ) said they expect to collaborate on metallurgical testing, product qualification, and commercial evaluation of mixed rare earth carbonate and scandium oxide produced from the Brook Mine rare earth platform. The MoU establishes a framework under which REalloys ( ALOY ) may secure supply rights for up to 20% of Ramaco's ( METC ) future mixed rare earth carbonate and critical materials production. REalloys ( ALOY ) said p hase 1 operations are expected to start production in late 2026 or early 2027 and are designed to produce 525 metric tons/year of NdPr metal, 25 tons/year of Dy metal, and 12 tons/year of Tb metal, while planned phase 2 is intended to produce ~3K tons/year of NdPr metal, 200 tons/year of Dy metal, and 45 tons/year of Tb metal, positioning the company to rank among North America's largest prospective integrated rare earth metal production platforms . More on REalloys and Ramaco Resources REalloys: A Bet On The U.S. Magnet Build-Out REalloys: Another All-American Magnet Company, But With Appealing Upside Potential Ramaco Resources Q1 2026 Earnings Call Presentation
Posts from this author will be added to your daily email digest and your homepage feed. Temu has been fined €200 million (about $232 million) by the European Commission after it found that consumers are “very likely to encounter illegal items” on the popular Chinese e-commerce platform. According to the commission, Temu breached Digital Service Act (DSA) rules by failing to identify and assess the...
Posts from this author will be added to your daily email digest and your homepage feed. Temu has been fined €200 million (about $232 million) by the European Commission after it found that consumers are “very likely to encounter illegal items” on the popular Chinese e-commerce platform. According to the commission, Temu breached Digital Service Act (DSA) rules by failing to identify and assess the systemic risks of illegal products being offered on its platform and the resulting harmful impact on its customers. The EU launched its formal DSA investigation against Temu in October 2024, and issued a preliminary ruling in July 2025 that found Temu isn’t doing enough to keep illegal products off its ultra-cheap marketplace. As part of that investigation, the Commission said that a “very high percentage” of electronic device chargers purchased by mystery shoppers failed basic safety tests, and found that a high percentage of tested baby toys posed safety risks, reporting that they exceeded the legal limits for certain chemicals or posed suffocation hazards. Temu now has until August 26th to submit an action plan to the Commission to remedy the DSA breach. If Temu fails to comply, it may face additional periodic penalty payments. Shein, a similar Chinese retailer that rivals Temu, is facing a similar DSA investigation over illegal products after French regulators found listings for “child-like sex dolls” on the platform last year.
Size is a competitive advantage in the energy industry, where larger assets and balance sheets can provide stability, greater borrowing flexibility, and help spread operating expenses. Over time, investors have seen industry titans continue to grow, often by acquiring smaller competitors. Two prime examples are NextEra Energy (NEE 0.03%) and Chevron (CVX 1.34%). The former recently announced a blo...
Size is a competitive advantage in the energy industry, where larger assets and balance sheets can provide stability, greater borrowing flexibility, and help spread operating expenses. Over time, investors have seen industry titans continue to grow, often by acquiring smaller competitors. Two prime examples are NextEra Energy (NEE 0.03%) and Chevron (CVX 1.34%). The former recently announced a blockbuster deal that will transform its outlook, while the latter is looking forward after finalizing a deal last summer that will help it boost cash flow for years to come. Here are the specifics on each, and why both are monster energy stocks worth buying and holding for the next 10 years. 1. NextEra Energy Even before this deal, NextEra Energy was already one of the world's largest energy companies. It owns Florida Power & Light Company, a utility serving approximately 12 million people across Florida. It also owns NextEra Energy Resources, an energy infrastructure company that operates power generation and storage assets across natural gas, nuclear, and renewable energy. NextEra Energy is among the world's largest producers of wind and solar power with 28 gigawatts of capacity. The proposed $67 billion all-stock merger with Dominion Energy would create an energy and utility juggernaut. Dominion generates power from coal, nuclear, natural gas, and renewables. It also operates utilities that provide electric service to 3.6 million customers in Virginia, North Carolina, and South Carolina, and gas service to 500,000 customers in South Carolina. Dominion has a hefty 51 gigawatt backlog of contracted capacity for data centers, too. Expand NYSE : NEE NextEra Energy Today's Change ( -0.03 %) $ -0.03 Current Price $ 87.62 Key Data Points Market Cap $183B Day's Range $ 86.98 - $ 88.08 52wk Range $ 66.77 - $ 98.75 Volume 177 Avg Vol 10M Gross Margin 36.10 % Dividend Yield 2.65 % If approved, the merger would close in 12 to 18 months. The combined company would operate in 49 U.S. st...
Hi, it’s Fareed Sahloul in London and Eyk Henning in Frankfurt, bringing you up to speed on Uber’s attempt to acquire Delivery Hero. Also today, EQT makes some senior appointments in Asia and KKR sets up a Milan office. Today’s top stories Caesars Entertainment agrees to $5.7 billion Fertitta takeover . Uber buys Aspex stake in Delivery Hero after takeover offer. Early SpaceX investor says Tesla t...
Hi, it’s Fareed Sahloul in London and Eyk Henning in Frankfurt, bringing you up to speed on Uber’s attempt to acquire Delivery Hero. Also today, EQT makes some senior appointments in Asia and KKR sets up a Milan office. Today’s top stories Caesars Entertainment agrees to $5.7 billion Fertitta takeover . Uber buys Aspex stake in Delivery Hero after takeover offer. Early SpaceX investor says Tesla tie-up a matter of when . Drone makers Quantum, Destinus seek banks for 2027 IPOs. Synopsys settles with Elliott , names firm’s Jesse Cohn to board. Order tracking Uber’s pursuit of Germany’s Delivery Hero appears straightforward: big US tech company seeks international peer to boost global operations. That’s easy enough to digest. But, in truth, there are many mouths to feed in any potential deal. Here’s a lay of the land. —Fareed Sahloul and Eyk Henning Delivery Hero Let’s start with the target. Delivery Hero operates across Europe, the Middle East, Asia, Africa and South America, with brands including foodpanda, Talabat and Hunger Station. The German company has been evaluating options to improve its finances and operations as some investors have pushed hard for change. Co-founder and CEO Niklas Östberg recently decided to step down after pressure from hedge fund Aspex (see below), which had urged him to sell assets or get out. Uber The ride-hailing giant has built its stake in Delivery Hero to around 36.8%, including instruments. Voting rights are attached to 24.99% of that figure—still below the 30% threshold to trigger a mandatory takeover offer. Uber wants to buy Delivery Hero to further boost food delivery outside of its US home market and better compete with DoorDash. Its Uber Eats platform has a significant international presence; in the Middle East, it operates through Careem, which Uber acquired for $3.1 billion in 2020. Uber has already made an indicative offer of €33-a-share for Delivery Hero, but investors are betting a higher price will be needed to close a d...
vitacopS/iStock via Getty Images The market has taken the increase in Middle East hostilities in stride. The response in the capital markets has been fairly restrained, though risk appetites have been pulled back, reflected in the losses in equities. The dollar is also firmer against most currencies, though the yen has recovered from the lowest level of the month. Crude oil is firmer, but the fron...
vitacopS/iStock via Getty Images The market has taken the increase in Middle East hostilities in stride. The response in the capital markets has been fairly restrained, though risk appetites have been pulled back, reflected in the losses in equities. The dollar is also firmer against most currencies, though the yen has recovered from the lowest level of the month. Crude oil is firmer, but the front-month contracts for both WTI and Brent are within yesterday’s ranges. It appears that many investors can recognize the fragility of the ceasefire, while at the same time being hopeful that an end to the conflict may still be near. The latest reports suggest control of the Strait of Hormuz remains a key issue. Although neither Iran nor the United States has ratified the UN Law of the Seas, both seem to be claiming its authority. The Strait is a natural waterway, but at the same time, at the narrowest part (21 miles wide), it is within what the UN law regards as territorial waters. Prices G10 • The euro’s narrow range of about a quarter-of-a cent that prevailed before the North American session yesterday was extended marginally in both directions. The euro initially rose to a six-session high, slightly above $1.1660, before it reversed lower and slipped below $1.1625. New hostilities in the Middle East saw the euro drop to a new low for the week, near $1.1585. It recovered but stalled near $1.1620 in the European morning. It still looks vulnerable. • The dollar edged above JPY159.50 in North American turnover yesterday. This represents a new high for the month against the yen, and it came despite the fifth consecutive session that the US 10-year yield eased. It reached JPY159.65 today in the local session before being sold to almost JPY159.35 in Europe. It did not trade below JPY159.20 yesterday. Japanese officials have been notably quiet as the yen returns to within striking distance of the JPY160 level. The Ministry of Finance will release the official figures tomorrow on...
JHVEPhoto/iStock Editorial via Getty Images SpaceX ( SPCX ), which is officially known as Space Exploration Technologies Corp., is set to go public next month in the largest IPO in history. The Elon Musk space company has turned into an AI and broadband play, aiming for an extremely rich market valuation. My investment thesis is ultra bearish on the IPO, especially the ultimate price available to ...
JHVEPhoto/iStock Editorial via Getty Images SpaceX ( SPCX ), which is officially known as Space Exploration Technologies Corp., is set to go public next month in the largest IPO in history. The Elon Musk space company has turned into an AI and broadband play, aiming for an extremely rich market valuation. My investment thesis is ultra bearish on the IPO, especially the ultimate price available to investors in the public markets. Rich Valuation SpaceX is set to go public on space and AI hype despite the financials not really supporting any of the excitement. The company is looking to raise $75 billion at a market valuation of up to $2 trillion ( largest ever IPO valuation ), recently filing the S-1 document with the SEC. The company has become complex with the addition of the xAI merger this year. SpaceX is now officially 3 different businesses combined into one large company. Space: SpaceX has completed 650 orbital launches. Connectivity: Starlink with ~9,600 low orbit satellites offering broadband services to 10.3 million subscribers. AI: xAI runs Colossus and Colossus II data centers with 1 GW of power plus the Twitter/X social media platform with a combined user base of 550 million MAUs. Probably a shock to most people, Starlink is by far the dominant business, with the actual Space business relatively small, as follows: Space: revenue $619M, adj. EBITDA - $(351)M Connectivity: revenue $3.23B, adj. EBITDA - $2.1B AI: revenue $818M, adj. EBITDA - $(609)M In fact, the Space division is the smallest of the groups, far smaller than the Connectivity group led by Starlink. While all of the divisions have strong growth prospects, Starlink is actually reporting slowing growth. The segment is only seeing massive growth in subscribers as the company moves to locations with far lower ARPU and the introduction of lower cost broadband plans. The Starlink ARPU dipped from $86 last Q1 to only $66 in the last year and sat at $99 back in 2023. Source: SpaceX S-1 The segment saw s...
Thitaporn Yaroteak/iStock via Getty Images Introduction Realty Income ( O ) has not really moved since my last analysis , as it shed around 2.5% since, despite undergoing one of the most significant strategic pivots in its history. I want to dive into the operational side of this transition and see where the REIT is heading to see if it can still hold its Buy rating. Current Dynamics First, I want...
Thitaporn Yaroteak/iStock via Getty Images Introduction Realty Income ( O ) has not really moved since my last analysis , as it shed around 2.5% since, despite undergoing one of the most significant strategic pivots in its history. I want to dive into the operational side of this transition and see where the REIT is heading to see if it can still hold its Buy rating. Current Dynamics First, I want to dive in the latest earnings of the firm as it posted a strong double beat even if same-store rental growth decelerated. Revenue stood at $1.55B, drastically beating the consensus of of $1.39B and around $170MM higher than on a Y/Y basis. Q1 FFO per share came out to $1.13, beating the estimates of $1.1 and a continued increase from the $1.06 figure in Q1 2025. On the occupancy side, portfolio-wide it reached 98.9%, which is unchanged compared to Q4 2025. These strong results were in part thanks to the near-doubling of interest and dividend income on loans and preferred equity investments to $70MM. The rent recapture rate on re-leased units was 103.4%, which basically means that O is re-leasing space at higher rents than the expiring leases, a rather strong signal in an environment where retail tenants such as Big Lots, Joann, and Party City have rolled through bankruptcy. Net debt to EBITDA has also improved to 5.2x from 5.4x at year-end. Outside of the earnings that were excellent, the single most important dynamic has been the Apollo deal , as Apollo-managed funds ( APO ) invested $1B for a 49% equity interest in a newly formed JV holding 492 existing single-tenant retail properties generating $140MM of annual base rent at a 9.1-year weighted-average lease term, with 28% investment-grade tenant exposure and a 1% contractual annual rent escalator. I simply believe that this deal is genius, as first, the proceeds are treated as 100% permanent equity by both S&P and Moody's, which basically means that O gets balance-sheet relief without diluting common shareholders. Seco...