Unusual Machines (NYSEMKT: UMAC) stock jumped 9.3% through 11:33 a.m. ET this morning, one day after the maker of parts for military drones announced it had picked up a $5 million order for counter-UAS systems (i.e., anti-drone weapons) from privately held Autonomous Power Corporation. Unusual Machines will supply its customer with "core components used across both counter-UAS interceptor systems ...
Unusual Machines (NYSEMKT: UMAC) stock jumped 9.3% through 11:33 a.m. ET this morning, one day after the maker of parts for military drones announced it had picked up a $5 million order for counter-UAS systems (i.e., anti-drone weapons) from privately held Autonomous Power Corporation. Unusual Machines will supply its customer with "core components used across both counter-UAS interceptor systems and 10-inch class drones," with deliveries expected to begin within the next week. Image source: Getty Images. Continue reading
Apple (AAPL) shares dropped 2.5% on April 21 after it revealed its biggest news for many years. Its current CEO, Tim Cook, will step down from the position and be replaced by John Ternus, the firm’s senior vice president of hardware engineering. Next week, the iPhone maker will report its fiscal ...
Apple (AAPL) shares dropped 2.5% on April 21 after it revealed its biggest news for many years. Its current CEO, Tim Cook, will step down from the position and be replaced by John Ternus, the firm’s senior vice president of hardware engineering. Next week, the iPhone maker will report its fiscal ...
JHVEPhoto Comcast's ( CMCSA ) first-quarter report on April 2, after the closing bell, is expected to show profits plummeting by 33%. The company is likely to report earnings of $0.73 per share. Revenue is projected to inch up 1.5% to $30.35B. Comcast is expected to have entered the first quarter of 2026 with mixed operating momentum, reflecting the continuation of trends seen in late 2025 alongsi...
JHVEPhoto Comcast's ( CMCSA ) first-quarter report on April 2, after the closing bell, is expected to show profits plummeting by 33%. The company is likely to report earnings of $0.73 per share. Revenue is projected to inch up 1.5% to $30.35B. Comcast is expected to have entered the first quarter of 2026 with mixed operating momentum, reflecting the continuation of trends seen in late 2025 alongside incremental pressures from ongoing strategic investments, as per Zacks Equity Research. The management had highlighted that the firm would migrate the majority of its residential broadband customers to the new pricing and packaging by year-end. "We expect a meaningful portion of customers currently taking a free line to transition to paid relationships in the second half of the year," co-CEO Michael Cavanagh said. Near-term EBITDA pressure is expected to persist due to rate reinvestments and customer experience spending, the management added; however, it anticipates having most of its base on the new broadband pricing and packaging, along with improved wireless monetization, as they move past the investment period. Analysts have maintained caution ahead of the firm’s Q1 results. Seeking Alpha analyst Justin Purohit said he will be watching for evidence that the broadband reset is working. Broadband ARPU is expected to remain under pressure. Subscriber losses may not yet meaningfully improve. And Connectivity & Platforms EBITDA could continue to feel the weight of these investments, Purohit noted. “Investors should also watch wireless net adds and commentary around how many customers are taking free lines, since those are expected to convert into paying relationships in the back half of the year,” he added. Over the last 2 years, CMCSA has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time, setting up expectations of another quarter of top-line beat. More on Comcast Comcast Has Finally Fallen Low Enough To Get Interesting Comcast: Broad...
UBS Group ( UBS ) stock rose 1.4% in afternoon trading after the Swiss government proposed new capital requirements that would require UBS Group ( UBS ) to strengthen its common equity tier 1 (CET1) capital by ~$20B, easing the requirement from earlier proposals. " The solution proposed by the Federal Council is more moderate than planned, due to the results of the consultation procedure," the gov...
UBS Group ( UBS ) stock rose 1.4% in afternoon trading after the Swiss government proposed new capital requirements that would require UBS Group ( UBS ) to strengthen its common equity tier 1 (CET1) capital by ~$20B, easing the requirement from earlier proposals. " The solution proposed by the Federal Council is more moderate than planned, due to the results of the consultation procedure," the government said in a statement. "In terms of capital requirements, the result is thus a balanced overall package that takes account of the comments received." UBS ( UBS ) had objected to a proposal earlier this year that would have increased its minimum CET1 ratio requirement to at least 19%, compared with its current de facto minimum of ~14%. By contrast, after the implementation of the new measures, the possible future CET1 capital ratio of UBS based on the pro forma calculation is 15.5%, which the Federal Council said is in line with current capital ratios of international peers. The Swiss bank isn't swayed by the new proposal. "UBS continues to strongly disagree with the proposed package, which is extreme, lacks international alignment, and disregards concerns expressed by the majority of respondents to the government’s consultations," the company said in a statement. "If adopted, the proposed measures would have far-reaching consequences for the Swiss economy." UBS's CET1 capital ratio for Q4 2025 was 14.4%. "At group level, this corresponds to a CET1 capital ratio increase of around 1.1 percentage points compared with the fourth quarter of 2025," the Federal Council said. In amendments to the capital adequacy ordinance, the Swiss government said it won't require full backing with CET1 capital for deferred tax assets and software. Instead, it includes a maximum three-year amortization period for software, in line with EU regulations. The new arrangement is limited to systemically important banks. Furthermore, the council decided not to proceed with the proposed adjustment...
Iran’s goal is to maintain chokehold on the global economy, even as some say it could run out of oil storage by Sunday Middle East crisis – live updates Donald Trump’s indefinite shelving of the plan to bomb Iran’s bridges and power stations on Tuesday night is being widely described as leaving the conflict in limbo, but that is anything but the truth. Pakistan insists the prospect of talks in Isl...
Iran’s goal is to maintain chokehold on the global economy, even as some say it could run out of oil storage by Sunday Middle East crisis – live updates Donald Trump’s indefinite shelving of the plan to bomb Iran’s bridges and power stations on Tuesday night is being widely described as leaving the conflict in limbo, but that is anything but the truth. Pakistan insists the prospect of talks in Islamabad has not evaporated, and positive messages are still being exchanged, but in the meantime the site of kinetic activity has switched from land to sea. Continue reading...
Shares in USA Rare Earth (NASDAQ: USAR) popped higher by more than 10% at 11:30 a.m. today, driven by the reiteration of a buy recommendation from Canaccord. The company is highly regarded for its metals and mining research, so a positive recommendation from Canaccord carries more weight than most. The latest update was accompanied by a price target hike to $32 from $29 previously and followed the...
Shares in USA Rare Earth (NASDAQ: USAR) popped higher by more than 10% at 11:30 a.m. today, driven by the reiteration of a buy recommendation from Canaccord. The company is highly regarded for its metals and mining research, so a positive recommendation from Canaccord carries more weight than most. The latest update was accompanied by a price target hike to $32 from $29 previously and followed the company's announcement of a definitive agreement to acquire Serra Verde Group in Brazil for about $2.8 billion. Serra Verde owns the Pela Ema rare-earth mine and processing plant in Goiás, Brazil which, as USA Rare Earth CEO Barbara Humpton noted on the earnings call, is "the only producer outside Asia capable of supplying all four magnetic rare-earth at scale, together with other vital REEs, such as Yttrium. Continue reading
Nicolae Popescu/iStock via Getty Images I haven't written about the Braves on the broader Seeking Alpha site since 2024 . My opinion hasn't changed, and there hasn't been much to write about the Atlanta Braves lately ( BATRK ). Last year was a mediocre season for the team. They had a losing season and missed the playoffs for the first time since 2017. The only development last year was passing the...
Nicolae Popescu/iStock via Getty Images I haven't written about the Braves on the broader Seeking Alpha site since 2024 . My opinion hasn't changed, and there hasn't been much to write about the Atlanta Braves lately ( BATRK ). Last year was a mediocre season for the team. They had a losing season and missed the playoffs for the first time since 2017. The only development last year was passing the two-year safe harbor that would permit a sale without negative tax consequences to old Liberty shareholders in the event of a sale. The recent Padres sale is an important data point that spurred this update. 2025 Financial Results Despite the moribund record, the financial results were still quite good. Total revenue grew 11% last year. Baseball revenue was up 7% thanks primarily to higher broadcast revenue driven by additional streaming rights granted to their regional broadcaster. Baseball event revenue was also up modestly. Premium seat packages and sponsorship deals offset attendance declines. Braves Revenue Breakdown (Braves Q4 Earnings) As you can also see above, a little less than half of the revenue growth came from real estate activities at the Battery, where lease commencements and the acquisition of the Pennant Park property adjacent to the Battery kicked in and finished the year at 90% occupancy. Adjusted OIBDA was also strong. Braves OIBDA breakdown (Braves Q4 Earnings) The company has said repeatedly that mixed-use OIBDA is a proxy for NOI (net operating income). Even if we haircut it by 5%, $65mm of NOI is a great number. The Broadcast Question In my opinion, the big overhang for the stock is the future of broadcast revenue. The old television deal with FanDuel Sports Network (previously Bally Sports, operated by Main Street Sports Group / Diamond Sports Group) effectively ended in January. The Braves have brought their broadcasting in house in an effort called Bravesvision. They have distribution deals with cable providers Spectrum, DIRECTV, Fubo, Xfinity, ...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. June E-mini S&P futures (ESM26 ) are up +0.68%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. June E-mini S&P futures (ESM26 ) are up +0.68%, and June E-mini Nasdaq futures...