The war entered a new phase when President Trump began a U.S. naval blockade of the Strait of Hormuz. Aaron David Miller of the Carnegie Endowment for International Peace explains what this means.
The war entered a new phase when President Trump began a U.S. naval blockade of the Strait of Hormuz. Aaron David Miller of the Carnegie Endowment for International Peace explains what this means.
HOUSTON—Their mission is complete. The four people who flew beyond the Moon on NASA's Artemis II mission are back home in Houston with their families. But the lessons from Artemis II are just beginning to be told. There are tangible, objective takeaways from the nine-day mission. How did NASA's Space Launch System rocket perform? Nearly perfectly. Was the Orion spacecraft up to the job of flying t...
HOUSTON—Their mission is complete. The four people who flew beyond the Moon on NASA's Artemis II mission are back home in Houston with their families. But the lessons from Artemis II are just beginning to be told. There are tangible, objective takeaways from the nine-day mission. How did NASA's Space Launch System rocket perform? Nearly perfectly. Was the Orion spacecraft up to the job of flying to the Moon and back? Absolutely. Will engineers need to make any changes before the next Artemis mission? Yes, and that's not terribly surprising for a program that, 20 years in, has just flown a crew to space for the first time. Ars has covered the technical lessons from Artemis II, such as hydrogen leaks on the launch pad , helium leaks in space , and a toilet that wasn't always available for No. 1. Read full article Comments
Getty Images Shares of CarMax, Inc. ( KMX ) have been a poor performer over the past year, losing over 30% of their value. The company has struggled with a weak environment for used car sales, given a difficult affordability environment. That said, shares have rebounded strongly from the bottom amid management change and activist pressure. Mixed Q4 earnings reported on Tuesday morning sent shares ...
Getty Images Shares of CarMax, Inc. ( KMX ) have been a poor performer over the past year, losing over 30% of their value. The company has struggled with a weak environment for used car sales, given a difficult affordability environment. That said, shares have rebounded strongly from the bottom amid management change and activist pressure. Mixed Q4 earnings reported on Tuesday morning sent shares 10% lower, reflecting the fact that the turnaround is still in its early innings. I last covered shares in December , rating the stock a Buy, and shares have gained about 15% since then, hitting my $50 target. With updated financials, now is a good time to revisit KMX. Seeking Alpha In the company’s fourth quarter , CarMax earned $0.34, which was $0.13 ahead of expectations , though revenue was down 1% from last year at nearly $6 billion. While better than consensus, earnings were substantially below last year’s $0.64, reflecting a difficult margin environment in the used car sector. Same-store unit sales were down 1.9%. Beyond this, a strategic shift in its financing unit is weighing on near-term earnings, but this should be temporary. There was weakness across the used car business. Retail selling prices were down 0.4% from last year to $26k. As a result, retail margins were down $200 to $2,115. KMX has relied on pricing actions to support sales activity, but units were still down 0.8% to 181k. Similarly, on the wholesale side, volumes were up 3%, but pricing was down 3.3%. Margins here fell by $100 to $940. Given weaker pricing, gross profit fell by 9% to $605 million. Total inventories were up about 5% to $4.1 billion, and that is likely to keep margins under pressure given the sluggish pace of sales. Frankly, CarMax’s pricing experience is underperforming national metrics. The benchmark Manheim used vehicle index is up 4% from last year. However, this largely reflects strength in the luxury end of the market, and the used car market is an area where the “K” shaped phen...
In this article UAL AAL Follow your favorite stocks CREATE FREE ACCOUNT American Airlines and United Airlines airplanes at the Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023. Aristide Economopoulos | Bloomberg | Getty Images United Airlines CEO Scott Kirby reportedly floated the idea of a potential tie-up with rival American Airlines ...
In this article UAL AAL Follow your favorite stocks CREATE FREE ACCOUNT American Airlines and United Airlines airplanes at the Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023. Aristide Economopoulos | Bloomberg | Getty Images United Airlines CEO Scott Kirby reportedly floated the idea of a potential tie-up with rival American Airlines to the Trump administration earlier this year, a suggestion that if acted upon, would create the world's largest airline. While the Trump administration has appeared more open to mega deals than its predecessors, such a merger would face heavy regulatory scrutiny with the top four airlines (those two carriers, plus Delta Air Lines and Southwest Airlines) already dominating about 80% of domestic capacity. If they combined, American and United would have a roughly 40% domestic share, according to airline-data firm OAG. "This would be the biggest of all time. I can't even see the slightest chance that a court would allow it," said George Hay, a law professor at Cornell University. watch now VIDEO 3:36 03:36 Department of Transportation has no comment on possible United, American Airlines deal Squawk Box American and United declined to comment on the discussion of a merger, which was reported Monday by Bloomberg . The White House didn't immediately comment on the reported discussion. American shares were up 9% on Tuesday morning. Seaport Research Partners airline analyst Daniel McKenzie said he attributed the move "to short covering rather than the market assigning legitimacy to the merger idea." He added that the deal would be "be dead on arrival, though politely reviewed until the public backlash became too deafening." If the Justice Department "doesn't object to that, then what would they object to? It is very hard to imagine a deal of that magnitude and concentration going through," said Samuel Engel, senior vice president at consulting firm ICF. He said consolidation allow...
Johnson & Johnson today announced that its Board of Directors has declared a 3.1% increase in the quarterly dividend, from $1.30 per share to $1.34 per share, marking the 64th year of consecutive increases. At the new rate, the indicated dividend on an annual basis is $5.36
Johnson & Johnson today announced that its Board of Directors has declared a 3.1% increase in the quarterly dividend, from $1.30 per share to $1.34 per share, marking the 64th year of consecutive increases. At the new rate, the indicated dividend on an annual basis is $5.36
In trading on Tuesday, the ARK Genomic Revolution ETF is outperforming other ETFs, up about 5.4% on the day. Components of that ETF showing particular strength include shares of Twist Bioscience, up about 13.8% and shares of Pacific Biosciences of California, up about 8.6% on t
In trading on Tuesday, the ARK Genomic Revolution ETF is outperforming other ETFs, up about 5.4% on the day. Components of that ETF showing particular strength include shares of Twist Bioscience, up about 13.8% and shares of Pacific Biosciences of California, up about 8.6% on t
The artificial intelligence boom keeps reshaping semiconductors. Hyperscalers now spend billions of dollars on custom chips to slash costs and lift performance, and the custom ASIC market for AI data centers is projected to reach $118 billion by 2033 at a 27% compound annual growth rate. In this surge, Marvell Technology (NASDAQ:MRVL) is emerging as ... Why Google’s TPU Talks Just Made Marvell Tec...
The artificial intelligence boom keeps reshaping semiconductors. Hyperscalers now spend billions of dollars on custom chips to slash costs and lift performance, and the custom ASIC market for AI data centers is projected to reach $118 billion by 2033 at a 27% compound annual growth rate. In this surge, Marvell Technology (NASDAQ:MRVL) is emerging as ... Why Google’s TPU Talks Just Made Marvell Technology a Must-Buy AI Stock
Tesla’s updated analyst narrative now incorporates a slightly lower core fair value estimate, moving from US$421.27 to US$415.30. This reflects a modest reset in price targets. That change mirrors what you are seeing across Street research, where some firms are lifting targets and others are trimming them as they reassess execution risks, capital needs and how much weight to give potential AI and ...
Tesla’s updated analyst narrative now incorporates a slightly lower core fair value estimate, moving from US$421.27 to US$415.30. This reflects a modest reset in price targets. That change mirrors what you are seeing across Street research, where some firms are lifting targets and others are trimming them as they reassess execution risks, capital needs and how much weight to give potential AI and energy upside. Read on to see what is driving these views and how you can keep track of the story...
In trading on Tuesday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.9%. Helping drag down the group were shares of Riley Exploration Permian, down about 10.4% and shares of Battalion Oil down about 8.3% on the day. Also l
In trading on Tuesday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.9%. Helping drag down the group were shares of Riley Exploration Permian, down about 10.4% and shares of Battalion Oil down about 8.3% on the day. Also l
In trading on Tuesday, biotechnology shares were relative leaders, up on the day by about 3.4%. Leading the group were shares of Travere Therapeutics, up about 34.1% and shares of Insight Molecular Diagnostics up about 33% on the day. Also showing relative strength are medical
In trading on Tuesday, biotechnology shares were relative leaders, up on the day by about 3.4%. Leading the group were shares of Travere Therapeutics, up about 34.1% and shares of Insight Molecular Diagnostics up about 33% on the day. Also showing relative strength are medical
QCOM deepens its automotive push by expanding its Bosch partnership into ADAS, deploying Snapdragon Digital Chassis for smarter, software-defined vehicles.
QCOM deepens its automotive push by expanding its Bosch partnership into ADAS, deploying Snapdragon Digital Chassis for smarter, software-defined vehicles.
SimoneN/iStock via Getty Images Southern Copper ( SCCO ) said late Tuesday that President, CEO, and board member Oscar Gonzalez Rocha died unexpectedly on April 7 and plans to appoint a successor or interim CEO in the near future. Rocha was Southern Copper's ( SCCO ) President and CEO since 2004 and was a director of the company since 1999, after serving as President and CEO of Americas Mining Cor...
SimoneN/iStock via Getty Images Southern Copper ( SCCO ) said late Tuesday that President, CEO, and board member Oscar Gonzalez Rocha died unexpectedly on April 7 and plans to appoint a successor or interim CEO in the near future. Rocha was Southern Copper's ( SCCO ) President and CEO since 2004 and was a director of the company since 1999, after serving as President and CEO of Americas Mining Corp. and CEO and a director of Asarco LLC. Rocha also headed Grupo Mexico's ( GMBXF ) mining division, consolidating the conglomerate's position as one of the most important mining groups in the region. Southern Copper ( SCCO ), one of the world's largest copper producers, is 88.9%-owned by Grupo Mexico ( GMBXF ). More on Southern Copper Southern Copper: Elite Reserves Mask A Risky Valuation Disconnect Southern Copper: Record Copper Prices Driven By Logistics, Not Fundamental Supercycle Southern Copper: Keep Holding, But Drawdown Risk Is Significant
If you are wondering whether QUALCOMM's current share price represents real value or just market noise, this article breaks down what the numbers are actually saying about the stock. QUALCOMM shares last closed at US$131.24, with returns of 4.4% over 7 days, 1.1% over 30 days, a year-to-date decline of 24.1%, and 3-year and 5-year returns of 17.7% and 8.2% respectively. Recent coverage around QUAL...
If you are wondering whether QUALCOMM's current share price represents real value or just market noise, this article breaks down what the numbers are actually saying about the stock. QUALCOMM shares last closed at US$131.24, with returns of 4.4% over 7 days, 1.1% over 30 days, a year-to-date decline of 24.1%, and 3-year and 5-year returns of 17.7% and 8.2% respectively. Recent coverage around QUALCOMM has focused on the company's role in semiconductors and wireless technologies, with...
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Boston Scientific is now the #10 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component fr
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Boston Scientific is now the #10 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component fr
Crypto's volatility makes it difficult to predict winners, and even harder to time the market. But with this stock, it becomes much easier to win in the long run.
Crypto's volatility makes it difficult to predict winners, and even harder to time the market. But with this stock, it becomes much easier to win in the long run.