The iShares Mortgage Real Estate ETF (NYSEARCA:REM) offers investors a 9.55% dividend yield through a portfolio that is 100% concentrated in mortgage REITs. That yield is real, but understanding whether it holds requires looking at how each major holding generates cash. Borrowing Short, Lending Long: The mREIT Income Engine Mortgage REITs borrow money at short-term ... Why Annaly and AGNC make REM...
The iShares Mortgage Real Estate ETF (NYSEARCA:REM) offers investors a 9.55% dividend yield through a portfolio that is 100% concentrated in mortgage REITs. That yield is real, but understanding whether it holds requires looking at how each major holding generates cash. Borrowing Short, Lending Long: The mREIT Income Engine Mortgage REITs borrow money at short-term ... Why Annaly and AGNC make REM’s 9.55% yield more durable than it looks
Tasos Katopodis/Getty Images News Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz. - President Donald Trump Written by Sam Kovacs Introduction You've read the news. Following 21-hour-long negotiations between VP JD Vance and Iran in Islamabad, which ultimately collapsed, T...
Tasos Katopodis/Getty Images News Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz. - President Donald Trump Written by Sam Kovacs Introduction You've read the news. Following 21-hour-long negotiations between VP JD Vance and Iran in Islamabad, which ultimately collapsed, Trump announced a full naval blockade of the Strait of Hormuz. This, of course, is bullish for oil and bearish for the rest, as it significantly increases risk in the region and would lock in ALL Middle Eastern oil behind the strait. The questions I have and will address in this article are: Can the US physically blockade the strait? What are the real challenges to a blockade? Will Trump actually follow through? And how to position as a consequence. The US has the force to block the strait. Look, let's get this out of the way. The US can absolutely physically block the Strait of Hormuz. Hormuz is a 6-mile-wide funnel. The US has more than enough force in theater to get this done: 3 carrier strike groups: USS Abraham Lincoln in the Arabian Sea, USS Gerald R. Ford, and USS George H.W. Bush en route. It has 6 independent destroyers in the Arabian Sea, of which 2 transited the strait on Saturday. This was the first time since the beginning of this conflict that US warships have passed the strait. It has marine teams that can board non-compliant vessels. It has submarines that have already sunk an Iranian warship. It has 200+ aircraft total and 30+ warships in all. This is the largest US naval presence in the Middle East since 2003. A single destroyer can track the entire width of the strait. Shipping lanes are no more than a couple miles wide each, and with traffic close to zero, there is nothing preventing the US Navy from doing this today. If there is one area where you will not compete with the U.S. of A is conventional warfare. So can the US physically blockade Hormuz? Yes. ...
hapabapa/iStock Editorial via Getty Images While the S&P 500 has recovered to its pre-Iran conflict peaks, the vast majority of software stocks remains in deep bear market territory, with investors fearing the coming impacts of a "SaaSpocalypse" that will disrupt incumbent software companies. Small and mid-cap stocks have been hit even harder, which is creating many value-buying opportunities in t...
hapabapa/iStock Editorial via Getty Images While the S&P 500 has recovered to its pre-Iran conflict peaks, the vast majority of software stocks remains in deep bear market territory, with investors fearing the coming impacts of a "SaaSpocalypse" that will disrupt incumbent software companies. Small and mid-cap stocks have been hit even harder, which is creating many value-buying opportunities in the space. Telos ( TLS ), a little-known software company that provides security software to the federal government and is a core partner of TSA Precheck, has become particularly compelling. Down ~20% since the start of the year, Telos is planning for significant growth this year as its federal programs scale. Data by YCharts I last wrote a buy article on Telos in January, when the stock was trading in the mid-$5s. Needless to say, my initial buy call was ill-timed, and I wasn't able to predict the SaaSpocalypse nor the sharp correction in tech stocks, particularly among SMID-caps. That said, I view Telos to be largely insulated from the threats that the rest of the software sector potentially faces, and amid a cheaper valuation I am reiterating my buy rating on this name. To me, these are the core reasons to be long on Telos: Expansion of Telos ID within TSA Precheck is driving substantial growth. The company works as an enrollment provider on behalf of the TSA Precheck program, which is quickly becoming its dominant business. The company is expected to drive high teens revenue growth in FY26 alongside significant margin expansion. Scalability toward enterprise. I view Telos' business model to be very similar to Palantir's ( PLTR ), albeit at a much smaller scale. Telos built Telos ID with a large government client in mind: but the same technology, which includes criminal history scanning and fingerprint identification, has broader use cases beyond government and into enterprise (for example, for hiring purposes). Especially with a high-profile customer like TSA, Telos has ...
Participants reported enjoying the human connection regardless of whether they thought the topic was dull The human aversion to dull experiences was nailed by the author Paulo Coelho when he declared: “I can stand defeats, pain, anger. But I can’t stand boredom.” But the natural desire to avoid boring conversations comes at a cost, according to researchers, who found that people enjoyed chatting a...
Participants reported enjoying the human connection regardless of whether they thought the topic was dull The human aversion to dull experiences was nailed by the author Paulo Coelho when he declared: “I can stand defeats, pain, anger. But I can’t stand boredom.” But the natural desire to avoid boring conversations comes at a cost, according to researchers, who found that people enjoyed chatting about tedious topics far more than they expected. Continue reading...
Developing countries face possible shelving of crucial green action plan at IMF and World Bank spring meetings Governments desperate for cash to protect their citizens from the growing impacts of the climate crisis are being put in a “beyond absurd” situation this week at global finance talks: they are being urged not to mention the climate, even as they address the current oil crisis. The Interna...
Developing countries face possible shelving of crucial green action plan at IMF and World Bank spring meetings Governments desperate for cash to protect their citizens from the growing impacts of the climate crisis are being put in a “beyond absurd” situation this week at global finance talks: they are being urged not to mention the climate, even as they address the current oil crisis. The International Monetary Fund (IMF) and the World Bank Group (WBG) spring meetings take place this week amid a fragile ceasefire in Iran and upended geopolitics. One of the priorities was to forge a new “climate change action plan” (CCAP) for the world’s biggest provider of funds to developing countries, to replace the current strategy, which expires in June. Continue reading...
jetcityimage/iStock Editorial via Getty Images Fastenal ( FAST ) reported first-quarter results that largely met Wall Street expectations, though its shares slipped 1.4% in premarket trading Monday. Fastenal ( FAST ) posted revenue of $2.2 billion for the quarter ended March 31, in line with the consensus estimate and up 12.4% from a year earlier, driven by broad-based demand and customer share ga...
jetcityimage/iStock Editorial via Getty Images Fastenal ( FAST ) reported first-quarter results that largely met Wall Street expectations, though its shares slipped 1.4% in premarket trading Monday. Fastenal ( FAST ) posted revenue of $2.2 billion for the quarter ended March 31, in line with the consensus estimate and up 12.4% from a year earlier, driven by broad-based demand and customer share gains. Daily sales also rose 12.4% year over year, reflecting strength across manufacturing and non-residential construction end markets, as well as continued momentum with key account customers. Earnings hold steady, margins improve Fastenal ( FAST ) reported earnings of $0.30 a share, matching analysts’ expectations, as net income rose to $339.8 million, or $0.30 a share, from $298.7 million, or $0.26 a share, a year earlier. Operating income increased 13.6% to $447.6 million, with operating margin expanding modestly to 20.3% from 20.1%, supported by cost discipline and productivity gains. Gross margin, however, slipped to 44.6% from 45.1%, reflecting pricing pressures, transportation costs and a shift toward larger customers with lower margins. Technology, customer strategy drive growth Fastenal ( FAST ) continued to benefit from its investments in digital and onsite service capabilities, including its FASTBin and FASTVend inventory management systems. Sales through these technology-enabled channels grew at a double-digit pace and accounted for nearly 45% of total revenue. The company also reported strong growth in contract customers, which now represent more than 75% of sales, underscoring the effectiveness of its strategy to deepen relationships with larger, multi-site clients. In the earnings release, Chief Executive Dan Florness said, “Our sales performance reflects the contribution from improved customer contract signings since the first quarter of 2024.” Cash flow, shareholder returns Fastenal ( FAST ) generated operating cash flow of $378 million in the quarter, rep...
Shortly after the opening bell, we will sell 100 shares of Broadcom at roughly $367. Following the trade, Jim Cramer's Charitable Trust will own 415 shares of Broadcom, decreasing its weight in the portfolio to about 4.3% from 5.3%. We laid out our plan on Friday to trim our position when we were no longer restricted from trading it. Shares are coming off a strong week, headlined by the chipmaker ...
Shortly after the opening bell, we will sell 100 shares of Broadcom at roughly $367. Following the trade, Jim Cramer's Charitable Trust will own 415 shares of Broadcom, decreasing its weight in the portfolio to about 4.3% from 5.3%. We laid out our plan on Friday to trim our position when we were no longer restricted from trading it. Shares are coming off a strong week, headlined by the chipmaker securing a long-term custom accelerator and networking supply agreement with Alphabet through 2031. The company also expanded its supply agreement with Anthropic to 3.5 GW TPU capacity beginning in 2027. The stock's 18% rally last week made Broadcom our largest position in the portfolio. Historically, we have managed the Charitable Trust to prevent any single position from becoming too large, using a 5%+ threshold as the general guideline for taking action to right-size. It's the same discipline we used last week when we trimmed Goldman Sachs. Despite reporting better-than-expected revenue and earnings per share in the first quarter, Goldman fell in pre-market trading after missing on closely watched fixed-income trading revenue. We'll have more on Goldman later. We still have a positive long-term view on Broadcom, but after its recent run, we are downgrading our rating to a 2. From this sale, we will realize a gain of about 319% on Broadcom shares purchased in September 2023. (Jim Cramer's Charitable Trust is long AVGO. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS...
Dougal Waters Stock index futures fell on Monday after U.S.-Iran talks collapsed and Washington announced it will begin a blockade of Iranian ports. Here are the four stocks to watch on the day: Revolution Medicines ( RVMD ) surged 30.66% in premarket trading after a potential cancer drug, daraxonrasib, helped patients with advanced pancreatic cancer live longer than those on standard chemotherapy...
Dougal Waters Stock index futures fell on Monday after U.S.-Iran talks collapsed and Washington announced it will begin a blockade of Iranian ports. Here are the four stocks to watch on the day: Revolution Medicines ( RVMD ) surged 30.66% in premarket trading after a potential cancer drug, daraxonrasib, helped patients with advanced pancreatic cancer live longer than those on standard chemotherapy in a late-stage trial. Median overall survival was 13.2 months compared with 6.7 months, a notable improvement in a disease with few effective treatments. The company said it plans to seek regulatory approval based on the results. Goldman Sachs ( GS ) slipped 3.5% before the opening bell after the Wall Street bank’s fourth-quarter net interest income fell short and its provision for credit losses came in higher than consensus estimates. The bottom line exceeded expectations, helped by strong top-line results in its Global Banking & Markets division, which offset a quarter-over-quarter dip in Wealth Management revenue. Baker Hughes ( BKR ) gained 1.67% in premarket trade after the oilfield services firm announced an agreement to sell its Waygate Technologies business to Hexagon in an all-cash transaction valued at approximately $1.45 billion. The sale encompasses Waygate Technologies’ remote visual inspection, ultrasound, radiography, and imaging solutions portfolios, along with all assets of the business, including intellectual property and resources. McDonald’s ( MCD ) is planning to offer new energy drinks and specialty sodas at its U.S. restaurants this year, The Wall Street Journal reported, citing people familiar with the matter and company documents. The new beverages include Red Bull Dragonberry Energizer, Dirty Dr Pepper, and Mango Pineapple Refresher. The specialty sodas are slated to launch next month, while the new energy drinks will be rolled out starting in August. More related stories S&P 500 Earnings: Financial Sector Looking At 'Average' Quarter; A Quick Lo...
Zacks.com users have recently been watching Meta Platforms (META) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Meta Platforms (META) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . Minutes after Viktor Orban conceded defeat to Péter Magyar last night in Budapest, European Commission President Ursula von der Leyen gave her verdict. “Europe’s heart is beating stronger in Hungary tonight,” she posted on X, in both ...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . Minutes after Viktor Orban conceded defeat to Péter Magyar last night in Budapest, European Commission President Ursula von der Leyen gave her verdict. “Europe’s heart is beating stronger in Hungary tonight,” she posted on X, in both English and Hungarian. Speaking this lunchtime in Brussels, the Commission chief hailed a win for the continent. “The people of Hungary have spoken and they have reclaimed their European path,” she said, comparing it to the central European nation’s stand against the Soviet Union in 1956 and the fall of communism in 1989. “You’ve done it again, against all odds.” As Orban prepares to step aside, Ukraine is set to be an early beneficiary. Hungary is likely to unlock a €90 billion loan for the government in Kyiv that was being held up by the outgoing premier. Hungary was never on the hook for any money – Orban was blocking the mechanism that would have allowed other member states to proceed with the loan – so it is politically uncontentious. Cyprus, which currently holds the EU’s rotating presidency, will bring the issue to EU ambassadors as soon as possible. Magyar may want something in return, with an August deadline looming for Hungary to claim more than €10 billion from the bloc’s pandemic-recovery program. His views on other issues – he has expressed concerns about Ukraine joining the EU and criticized the bloc’s migration policy – suggest he won’t necessarily toe the Brussels line. His choice of Poland for his first foreign visit tomorrow hints at the less combative role a new Hungary may play within the EU. Polish Prime Minister Donald Tusk, like Magyar, defeated a right-wing incumbent in 2023, and clashed repeatedly with Orban. Magyar’s visit tomorrow suggests he wants to repair relations, given Budapest and Warsaw’s new ideological alignment. Orban’s defeat leaves Sl...
In this article DAL Follow your favorite stocks CREATE FREE ACCOUNT Delta A350 fleet renderings with the next-generation Delta One suite cabin. Courtesy: Delta Delta Air Lines on Monday unveiled an updated Delta One suite for some of its longest-haul planes, marking its first refresh of the top-tier seat in a decade as airline competition for well-heeled travelers ramps up. The new suites, which D...
In this article DAL Follow your favorite stocks CREATE FREE ACCOUNT Delta A350 fleet renderings with the next-generation Delta One suite cabin. Courtesy: Delta Delta Air Lines on Monday unveiled an updated Delta One suite for some of its longest-haul planes, marking its first refresh of the top-tier seat in a decade as airline competition for well-heeled travelers ramps up. The new suites, which Delta said will debut on its Airbus A350-1000 aircraft in 2027, will include beds that are three inches longer than the older suites and a new pillow-top cushion. The new design will give travelers more leg and knee room, said Mauricio Parise, Delta's vice president of brand experience. "Most customers are side sleepers," and the new designs could accommodate them, he said. Delta had customers test the new suites out for "hours" at the company's headquarters, Parise said. Delta A350 fleet renderings with the next-generation Delta One suite cabin. Courtesy: Delta The airline's Delta One business class cabin debuted nearly a decade ago on the A350s, featuring lie-flat beds, doors and a "do not disturb" button. "We were a first mover, [and] started flying with doors in 2017," Parise said. "There is an element of improvement." The A350-1000s, which are dedicated to long-haul flights, will have 50 of the suites. The changes come as industry profit leader Delta and other airlines are refreshing their cabins, adding more expensive — and profitable — premium seats as wealthier customers continue to drive results. The company said that premium ticket revenue, from first class and other more expensive options compared with coach, was up 14% in the first quarter over last year. Main cabin revenue, meanwhile, increased for the first time since late 2024. Delta's rival, United Airlines , showed off its new long-haul Polaris suite at the carrier's hangar at Los Angeles International Airport last month, along with a slew of other products aimed at giving travelers more chances to pay up fo...