The US could potentially offer a dollar swap line to Turkey ahead of the election, a move that will bolster hard-currency reserves and improve market confidence, according to Jefferies International strategist Durukal Gun . Such a backstop from the Trump administration — similar to what was offered last year to Argentina — would reduce pressure on policymakers as they seek to manage lira weakness,...
The US could potentially offer a dollar swap line to Turkey ahead of the election, a move that will bolster hard-currency reserves and improve market confidence, according to Jefferies International strategist Durukal Gun . Such a backstop from the Trump administration — similar to what was offered last year to Argentina — would reduce pressure on policymakers as they seek to manage lira weakness, contain inflation expectations and discourage dollarization, Gun said in a report on Monday. It could also help lower Turkish credit default swaps, which have risen in recent months as investors priced more financial risks. “We see a plausible scenario” in which Turkey receives an FX swap line from the US “ahead of the elections a la Argentina,” Gun said, without elaborating. Turkish and US officials have not publicly discussed the possibility of a swap line. Turkey’s election is slated for mid-2028, but there’s speculation from analysts and some lawmakers that President Recep Tayyip Erdogan may call an early snap vote in order to facilitate a third term for himself. The US Treasury support package for Argentina involved a $20 billion currency-swap framework with the country’s central bank and direct US purchases of pesos. The measures were designed to stabilize markets and head off a run on the peso before midterm elections, and were different to conventional swap lines that the Federal Reserve extends to allies during times of market stress. Gun’s suggestion of a dollar swap line comes as foreign investors grow increasingly concerned about their lira positions, on fears that high oil prices will worsen balance-of-payments pressures and hurt economic growth. Data on Monday showed the economy grew just 0.1% in the first quarter of the year, cooling from 0.4% in the prior three months. Political risks have also resurfaced, following a court ruling ousting the leader of the main opposition party. Read more: BofA, Barclays Ditch Popular Lira Trade as Oil Shock Hits Turkey To ...
Over the last 7 days, the United States market has risen by 1.6%, contributing to a substantial 28% increase over the past year, with earnings expected to grow by 17% annually in the coming years. In this favorable environment, growth companies with high insider ownership can be particularly appealing as insiders often have unique insights into their company's potential and are willing to invest a...
Over the last 7 days, the United States market has risen by 1.6%, contributing to a substantial 28% increase over the past year, with earnings expected to grow by 17% annually in the coming years. In this favorable environment, growth companies with high insider ownership can be particularly appealing as insiders often have unique insights into their company's potential and are willing to invest alongside other shareholders.
Check out the companies making the biggest moves premarket: Nvidia , Microsoft — The hyperscalers were rising after Nvidia, in a collaboration with Microsoft, revealed a new processor for personal computers . Nvidia was up 2%, while Microsoft was rising nearly 4% in premarket trading. Dell , HP , Arm — Derivatives of Nvidia's computer chip announcement were also jumping on the news. Dell and HP, w...
Check out the companies making the biggest moves premarket: Nvidia , Microsoft — The hyperscalers were rising after Nvidia, in a collaboration with Microsoft, revealed a new processor for personal computers . Nvidia was up 2%, while Microsoft was rising nearly 4% in premarket trading. Dell , HP , Arm — Derivatives of Nvidia's computer chip announcement were also jumping on the news. Dell and HP, which are set to manufacture computers featuring the new chip, rose 1.5% and more than 3.5%, respectively. Arm, whose technology was used by Nvidia to develop the new chip, was surging 14.5%. Qualcomm , Intel , Advanced Micro Devices — As Nvidia rose, its chipmaking competitors fell. Qualcomm tumbled 9.5%, while Intel shed more than 6.5%. Advanced Micro Devices was off more than 4% too. Taylor Morrison Home — Shares surged almost 23% after Berkshire Hathaway agreed to acquire the company for $6.8 billion. Berkshire CEO Greg Abel called Taylor Morrison a best-in-class homebuilder and said the addition to the company's portfolio will help deliver homeownership to more Americans. Berkshire shares were slightly lower. Yum Brands — The restaurant operator was up 1.5% after Bloomberg News reported that the company is in talks to sell its Pizza Hut brand to LongRange Capital. Summit Therapeutics — The stock rose 2.5% after a late-stage Chinese trial showed the company's experimental lung cancer drug reduced the risk of death by 34%. While the phase 3 trial was only in China, a global phase 3 trial is also currently being conducted. International Business Machines — Shares jumped 13% after Barclays initiated coverage at an overweight rating. Analysts said quantum computing is set to be the next major compute paradigm, and IBM's strategy on the technology is compelling. Melius Research also hiked its price target on IBM. Software stocks — The software rally gained steam in the first trading day of June as the iShares Expanded Tech-Software Sector ETF (IGV) rose 4.5% in premarket trad...
Tom Werner/DigitalVision via Getty Images Co-authored with Hidden Opportunities What would your answer be if I asked you to name one of your most worthwhile purchases of all time? I will take a guess and say that it may not necessarily be one of your more expensive purchases. In fact, many of the best purchases in life are surprisingly modest. Perhaps it was a comfortable mattress that greatly imp...
Tom Werner/DigitalVision via Getty Images Co-authored with Hidden Opportunities What would your answer be if I asked you to name one of your most worthwhile purchases of all time? I will take a guess and say that it may not necessarily be one of your more expensive purchases. In fact, many of the best purchases in life are surprisingly modest. Perhaps it was a comfortable mattress that greatly improved your sleep. Or it was an exquisite coffee machine that quietly saved you hundreds of dollars. Some rave about their premium noise-canceling headphones that significantly transformed their commute, while others point to their gym membership that delivered years of better health and energy. I’ll be interested in hearing what your cherished purchases have been. The answers from every reader is going to be very different, but there will be a common denominator. These purchases likely delivered value far beyond what you initially paid for them. Long after the upfront cost was forgotten, the benefits kept arriving, day-after-day, year-after-year. Great investments can work the same way. In income investing, some holdings resemble gifts that keep paying. You deploy your capital once, and the asset continues rewarding you through recurring distributions, compounding, and income growth, all while you retain full ownership. Today, we examine two investments that we believe fit this description well. These holdings are designed to continue rewarding investors with recurring monthly income. Let’s dive in. Pick #1: PFFA – Yield 9.7% Virtus InfraCap U.S. Preferred Stock ETF ( PFFA ) is an actively managed ETF (Exchange Traded Fund) with an exclusive focus on publicly traded preferred shares. The ETF’s top positions experience significant changes every few weeks, based on the available opportunities, and often have significant alignment with our own preferred stock and baby bond portfolio. Source PFFA Website PFFA delivers monthly dividends of 0.1725/share, calculating to a 9.5% ann...
Parsons ( NYSE: PSN ) on Monday said that it had received a $99 million task order from the U.S. Air Force Research Laboratory to provide research, development, engineering, prototyping, integration, testing, and demonstration services for command-and-control, space and intelligence, surveillance, and reconnaissance software programs. The single-award task order, issued under the Alliant 2 contrac...
Parsons ( NYSE: PSN ) on Monday said that it had received a $99 million task order from the U.S. Air Force Research Laboratory to provide research, development, engineering, prototyping, integration, testing, and demonstration services for command-and-control, space and intelligence, surveillance, and reconnaissance software programs. The single-award task order, issued under the Alliant 2 contract vehicle, has a performance period of five years and two months and follows the company's current GARDEM contract. Parsons said it will continue developing, integrating, testing, demonstrating, and sustaining technologies, including C2Core Air, C2Core NetOps, National Tactical Data Manager, and Integrated Solutions to Situational Awareness. The company said the work will support software baselines and prototypes used by the U.S. Air Force, intelligence agencies, and other federal government end users. Parsons added that the award extends support for the C2Core Air capability deployed across Air Operations Centers for the next five years. Source: Press Release More on Parsons Parsons bags $136M U.S. Air Force contract Parsons reiterates 2026 outlook with 6.6% Federal Solutions organic growth ex confidential contract, citing $11B unbooked awards
ilbusca/iStock Unreleased via Getty Images Finally, a deal is coming for Pizza Hut? I confess that this information came as a surprise, since Yum! Brands, Inc. ( YUM ) didn't say much beyond 'Hut Forward' in the last earnings call . Seeking Alpha I always viewed this sale favorably and even slapped a 'Buy' at around $150s, aiming for a high single-digit to double-digit upside with a less leveraged...
ilbusca/iStock Unreleased via Getty Images Finally, a deal is coming for Pizza Hut? I confess that this information came as a surprise, since Yum! Brands, Inc. ( YUM ) didn't say much beyond 'Hut Forward' in the last earnings call . Seeking Alpha I always viewed this sale favorably and even slapped a 'Buy' at around $150s, aiming for a high single-digit to double-digit upside with a less leveraged Yum! ready for the complete KFC turnaround in the U.S. And do you know why this article at these levels is so important? I sat on 'Hold' throughout the beginning of this year, and almost six months after my article on the M&A rumors, we're back in the $150s. This could be a good opportunity for a re-rating here. But since this is a special situation, I won't dwell too much on the quarter's issues. I covered them in my article at the beginning of May. Sycamore vs. LongRange: Battle for the Slice As I was saying before, I saw on the 29th here on Seeking Alpha that Yum! Brands was already in talks with two specific PE funds. Yum! Brands is in exclusive discussions to sell its Pizza Hut chain to LongRange Capital. Yum entered the exclusive talks in recent days, beating out offers from Sycamore, according to a Bloomberg report, which cited people familiar with the matter. The parties are moving ahead with a potential deal in several weeks. And I didn't mention either of them in my last article. I was thinking of a giant PE fund like Apollo Global Management, Inc. ( APO ) or Blackstone Inc. ( BX ). I also had some ideas involving a Saudi sovereign wealth fund (since they are one of the largest Pizza Hut franchisors, with a majority stake in Americana) or Mubadala (Abu Dhabi sovereign wealth fund, owners of K-MAC, also one of the largest Taco Bell franchisors in the U.S.). Those were good guesses, but the Bloomberg report said that Yum! first spoke with Sycamore. Here, it's worth showing you who they both are. To begin, Sycamore Partners is one of the largest PEs in the United St...
Jonathan Kitchen/DigitalVision via Getty Images Micron Technology ( MU ) has moved beyond the brief TurboQuant scare. The more important development now is that customers are trying to secure memory supply for multiple years. Micron’s first five-year strategic customer agreement, or SCA, tells me that the AI memory market is not behaving like demand is about to weaken. It is behaving like supply v...
Jonathan Kitchen/DigitalVision via Getty Images Micron Technology ( MU ) has moved beyond the brief TurboQuant scare. The more important development now is that customers are trying to secure memory supply for multiple years. Micron’s first five-year strategic customer agreement, or SCA, tells me that the AI memory market is not behaving like demand is about to weaken. It is behaving like supply visibility has become strategically important. This is mainly what I say here, that the earlier efficiency concern about lower demand for HBM, DRAM and NAND is now secondary. The more important story is that Micron is still reporting record DRAM, NAND and HBM revenue. AI server demand is growing, supply of DRAM/NAND is limited, and Micron sees continued growth in HBM4 and AI-related data-center storage demand. This makes the 5-year SCA important. No customer will sign such multi-year supply arrangements unless they feel there’s a supply constraint coming. Strategic Customer Agreements May Reduce Some Cycle Risk The key reason for my optimism is that customers are not behaving like memory is suddenly cheap and abundant. They are trying to secure supply in a memory-constrained market. Micron just signed its first five-year strategic customer agreement, or SCA. These are quite different from the typical one-year LTAs because here the commitments are multi-year, and the whole idea is that some customers are willing to commit because they want supply visibility and stability. This is not what you do if you think AI memory demand is about to fall off because of software efficiency tools. Historically, memory has been a brutal cyclical business. Sometimes, demand becomes strong, and then customers over-order and suppliers expand. When supply catches up, prices can fall drastically. The current AI supercycle may not change that dynamic, but SCAs suggest that at least some customers want to stabilize the demand-supply cycle, especially in a market where key customers are still not ge...
The shift comes amid reports that companies are scaling back their push for AI use while burning through their annual budgets for the technology within months.
The shift comes amid reports that companies are scaling back their push for AI use while burning through their annual budgets for the technology within months.