In recent trading, shares of United Rentals Inc (Symbol: URI) have crossed above the average analyst 12-month target price of $1046.22, changing hands for $1056.58/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
In recent trading, shares of United Rentals Inc (Symbol: URI) have crossed above the average analyst 12-month target price of $1046.22, changing hands for $1056.58/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
AMD's Helios MI455X AI platform breaks cover, initial systems use UALink-over-Ethernet interconnects — AMD's Vera Rubin rival surfaces, but the downsides of Ethernet could hamstring performance Tom's Hardware
AMD's Helios MI455X AI platform breaks cover, initial systems use UALink-over-Ethernet interconnects — AMD's Vera Rubin rival surfaces, but the downsides of Ethernet could hamstring performance Tom's Hardware
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
In recent trading, shares of Atkore Inc (Symbol: ATKR) have crossed above the average analyst 12-month target price of $84.33, changing hands for $85.02/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation
In recent trading, shares of Atkore Inc (Symbol: ATKR) have crossed above the average analyst 12-month target price of $84.33, changing hands for $85.02/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation
Welcome to a special joint edition of Going Private and The Brink , Bloomberg’s twice-weekly newsletters about private markets and corporate distress. Today, we are bringing you the highlights from the Bloomberg Global Credit Forum in New York. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net or at debtnews@bloomberg.net . End of an era Privat...
Welcome to a special joint edition of Going Private and The Brink , Bloomberg’s twice-weekly newsletters about private markets and corporate distress. Today, we are bringing you the highlights from the Bloomberg Global Credit Forum in New York. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net or at debtnews@bloomberg.net . End of an era Private credit’s honeymoon phase is drawing to a close, forcing investors to confront the consequences of a boom that has transformed the industry over the past decade. Participants at the Bloomberg Global Credit Forum at our New York HQ on Wednesday appeared to have little doubt about the challenges lying ahead. “I just believe in the laws of physics,” said Holly Kim , a co-founder of Glendon Capital Management . “I’m not saying they’re going to be wiped out, but on a relative basis, the higher the rate you charge, the higher your default should be,” she said. “Something’s got to give.” Across panels and private conversations, investors warned that a long-delayed reckoning may finally be approaching for the direct-lending market. “The idea of low volatility in a private credit fund or a private credit structure was confused with: ‘I will never have problems in my portfolio,’” said Brett Klein , global head of corporate credit at Sculptor Capital . “The investor base is recognizing that the double-digit returns in private credit are several hundred basis points lower.” The golden era of private credit came on the back of the increase in interest rates, which coincided with banks pulling back from lending. Private credit investors filled in the liquidity gap — in some cases offering first-lien loans with more than 10% interest. That phase is now over. Mainstream lenders are back in the market, emboldened by regulatory moves to loosen capital constraints. Competition to lend has slashed returns private credit funds needed to compensate for more flexible terms. Managers have so far ...
JHVEPhoto/iStock Editorial via Getty Images Shares of Ciena ( CIEN ) fell about 6% premarket on Thursday despite fiscal second quarter results and revenue outlook beating estimates. Q2 Metrics The network technology company saw fiscal second quarter revenue grow 40% year-over-year to $1.57B, while adjusted EPS surged 290% year-over-year to $1.64. Both top and bottom line numbers beat estimates . "...
JHVEPhoto/iStock Editorial via Getty Images Shares of Ciena ( CIEN ) fell about 6% premarket on Thursday despite fiscal second quarter results and revenue outlook beating estimates. Q2 Metrics The network technology company saw fiscal second quarter revenue grow 40% year-over-year to $1.57B, while adjusted EPS surged 290% year-over-year to $1.64. Both top and bottom line numbers beat estimates . "We delivered strong fiscal second quarter results, marked by significant year-over-year revenue growth, adjusted gross margin expansion, and nearly fourfold growth in adjusted earnings per share," said Ciena’s CFO Marc Graff. The company said two customers represented over 10% of revenue for a total of 34% of revenue. Ciena noted that in the second quarter it bought back about 0.2M common shares for around $83.1M under its $1B share repurchase program. Outlook Ciena expects fiscal third quarter revenue to be $1.625B plus or minus $50M, compared to a consensus revenue estimate of $1.56B. The company expects adjusted gross margin in the range of 45% plus or minus 50 basis points, or bps, adjusted operating expense in the range of $410M plus or minus $10M, and adjusted operating margin between 19% and 20%. Ciena expects fiscal year 2026 revenue of $6.3B plus or minus $100M, versus a consensus revenue estimate of $6.18B. The company anticipates an adjusted gross margin between 44.5% and 45%, adjusted operating expense in the range of $1.61B plus or minus $20M, and adjusted operating margin in the range of 19% plus or minus 50 bps. More on Ciena Ciena: The Right Stock At The Wrong Price Ciena's Rerating May Be Running Ahead Of Its Economics Ciena Corp.: Buy As Backlog To Cash Is Rolling Ciena Non-GAAP EPS of $1.64 beats by $0.19, revenue of $1.57B beats by $70M Ciena Q2 2026 Earnings Preview
Plays about political extremes, religious sects, swimming the Channel and an 80th birthday party are among the highlights at this summer’s arts spectacular Producer Francesca Moody has shown a sure touch for spotting fringe hits ( Fleabag and Baby Reindeer among them). Her new offering, by Australia’s Hannah Reilly, is about a feminist podcaster who becomes an online “slutfluencer” to earn some ea...
Plays about political extremes, religious sects, swimming the Channel and an 80th birthday party are among the highlights at this summer’s arts spectacular Producer Francesca Moody has shown a sure touch for spotting fringe hits ( Fleabag and Baby Reindeer among them). Her new offering, by Australia’s Hannah Reilly, is about a feminist podcaster who becomes an online “slutfluencer” to earn some easy money, but has a price to pay. Summerhall, 6-31 August Continue reading...
The countdown for Grand Theft Auto VI is on. Take-Two Interactive (NASDAQ: TTWO) has confirmed a Nov. 19 release date for the blockbuster title. It's widely considered to be the largest entertainment release in history, with some analysts projecting sales of up to 40 million units in its first year. GTA VI is launching into a gaming market far different from the one that welcomed GTA V more than a...
The countdown for Grand Theft Auto VI is on. Take-Two Interactive (NASDAQ: TTWO) has confirmed a Nov. 19 release date for the blockbuster title. It's widely considered to be the largest entertainment release in history, with some analysts projecting sales of up to 40 million units in its first year. GTA VI is launching into a gaming market far different from the one that welcomed GTA V more than a decade ago. The live-service space is crowded today, with competition from the likes of Fortnite and Roblox . Beyond the battle for gamer attention, established publishers also face the threat of artificial intelligence (AI), which could lower development costs and speed up time-to-market. Continue reading
N Rotteveel/iStock Editorial via Getty Images The cryptocurrency market has erased more than $2T in value since reaching a record high in October 2025 and is now down 48% from that peak, according to data highlighted by The Kobeissi Letter. The decline follows a turbulent period for digital assets, with Bitcoin ( BTC-USD ) coming under pressure amid heavy liquidations, risk-off sentiment, and conc...
N Rotteveel/iStock Editorial via Getty Images The cryptocurrency market has erased more than $2T in value since reaching a record high in October 2025 and is now down 48% from that peak, according to data highlighted by The Kobeissi Letter. The decline follows a turbulent period for digital assets, with Bitcoin ( BTC-USD ) coming under pressure amid heavy liquidations, risk-off sentiment, and concerns surrounding selling activity by large holders. One catalyst cited by market participants was MicroStrategy's ( MSTR ) sale of 32 Bitcoin, which some viewed as reinforcing a bearish narrative around institutional demand. However, one market note argued that the sale may not tell the full story. The author pointed out that when MicroStrategy sold 704 Bitcoin in December 2022 for tax-related reasons, the company purchased 810 Bitcoin just two days later. The note suggested MicroStrategy could once again emerge as a buyer, arguing that any purchases following the recent sale could be interpreted as "a tentative sign the low has been printed." Despite the sharp decline in prices, spot Bitcoin ETF holdings have remained relatively stable. Holdings rose from about 682,000 Bitcoin after February before easing back to roughly 674,000 Bitcoin, leading the author to conclude that ETF positions appear "more structurally strong than I had feared in February." The note also highlighted ~$1.5B in Bitcoin futures liquidations this week, a scale similar to major liquidation events earlier this year. While additional selling remains possible, particularly if Bitcoin falls below key levels, the author argued that "the degree of longs to liquidate is less now" given Bitcoin's underperformance relative to equities. While acknowledging there are "a lot of ifs" surrounding the outlook, the author said stable ETF holdings and the prospect of renewed corporate buying could leave the market with fewer obvious sources of selling pressure. "I think when we look back at the end of 2026 with BTC at...
Teledyne Technologies ( TDY ) Thursday said that Teledyne FLIR Defense, has won an $11.2M contract from the U.S . Army’s Capability Program Executive for Chemical, Biological, Radiological, and Nuclear Defense (CPE CBRND) to deliver more than 45 advanced CBRN unmanned aerial system (UAS) kits. The kits were developed under the Army’s Chemical, Biological, Radiological, and Nuclear Sensor Integrati...
Teledyne Technologies ( TDY ) Thursday said that Teledyne FLIR Defense, has won an $11.2M contract from the U.S . Army’s Capability Program Executive for Chemical, Biological, Radiological, and Nuclear Defense (CPE CBRND) to deliver more than 45 advanced CBRN unmanned aerial system (UAS) kits. The kits were developed under the Army’s Chemical, Biological, Radiological, and Nuclear Sensor Integration on Robotic Platforms (CSIRP) program. More on Teledyne Teledyne Technologies Incorporated (TDY) Q1 2026 Earnings Call Transcript Teledyne Technologies Incorporated (TDY) Shareholder/Analyst Call Prepared Remarks Transcript Teledyne: Deserving Of A Premium Valuation Teledyne Energetics wins over $5M in UAS production contracts Teledyne Technologies’ FLIR Defense Rogue 1 selected for U.S. Army LASSO program
Photo: IC Photo Huawei Technologies Co. Ltd. recently threw a conceptual bombshell into the global semiconductor industry, unveiling the Tau (τ) Scaling Law as a radical paradigm for chip design. By shifting from traditional two-dimensional planar scaling to three-dimensional architecture, the Chinese tech giant expects to match the performance of industry-leading 1.4-nanometer chips by 2031 using...
Photo: IC Photo Huawei Technologies Co. Ltd. recently threw a conceptual bombshell into the global semiconductor industry, unveiling the Tau (τ) Scaling Law as a radical paradigm for chip design. By shifting from traditional two-dimensional planar scaling to three-dimensional architecture, the Chinese tech giant expects to match the performance of industry-leading 1.4-nanometer chips by 2031 using the new theoretical framework, signaling a major step in bypassing U.S. curbs on its access to advanced manufacturing tools.
Zurich Insurance Group Plc is widening its offering for data-center projects to Europe and South America as it seeks to profit from the global buildout of infrastructure linked to artificial intelligence. The Swiss firm will insure risks associated with the building and operating of data centers in Brazil, Germany, Italy, the Nordics and Spain in addition to its business in the US, according to a ...
Zurich Insurance Group Plc is widening its offering for data-center projects to Europe and South America as it seeks to profit from the global buildout of infrastructure linked to artificial intelligence. The Swiss firm will insure risks associated with the building and operating of data centers in Brazil, Germany, Italy, the Nordics and Spain in addition to its business in the US, according to a statement on Thursday. It plans to add more countries this year. The expanded coverage follows rapid development in AI worldwide, with hyper scalers such as Microsoft Corp. , Amazon.com Inc. and Alphabet Inc. looking at potential applications for industry and consumers in Europe and elsewhere. At the same time, the European Union has been stepping up efforts to build out its own digital infrastructure to stay independent of the US amid increasing geopolitical tensions. Read more: Europe Unveils Sweeping Tech Sovereignty Plan to Boost Chips, AI Insurers like Zurich have been quick to offer risk coverage around data centers as they seek new streams of revenue at a time when their traditional businesses in property and casualty insurance face a slowdown in premium growth. Cumulative global insurance premiums associated with data centers are estimated to reach $134 billion between 2026 and 2030, according to a report by Artemis, citing a broker at Aon PLc . Zurich says it underwrote more than 245 data-center construction projects in the US in 2025 and the business bumped its first-quarter earnings . The insurer agreed to buy UK-based specialty insurer Beazley earlier this year, bolstering its expertise in cyber and digital insurance and also its operations in Europe, North America, Latin America and Asia. The deal will also allow it to leverage Beazley’s Lloyd’s of London presence.
Nasdaq 100 futures lead US equities lower as Broadcom's sales growth forecast failed to meet investors' lofty expectations. Iran says there had been no recent progress in peace deal talks with the US, while fighting persists in Lebanon. Sharon Bell of Goldman Sachs discusses the difference in sector exposure in the US and European equity markets. Rhonda Vonshay Sharpe of the Women's Institute for ...
Nasdaq 100 futures lead US equities lower as Broadcom's sales growth forecast failed to meet investors' lofty expectations. Iran says there had been no recent progress in peace deal talks with the US, while fighting persists in Lebanon. Sharon Bell of Goldman Sachs discusses the difference in sector exposure in the US and European equity markets. Rhonda Vonshay Sharpe of the Women's Institute for Science, Equity and Race focuses on the inequality in the labor market. (Source: Bloomberg)