Dilok Klaisataporn/iStock via Getty Images News has been building up that short interest against the components of the S&P 500 ( SP500 ) has been on the rise. In fact, Goldman Sachs ( GS ) just came out and revealed that the median S&P 500 stock has experienced a surge to where 3% of all stocks are currently being shorted. This might seem like a small amount in the grand scheme of things. But it a...
Dilok Klaisataporn/iStock via Getty Images News has been building up that short interest against the components of the S&P 500 ( SP500 ) has been on the rise. In fact, Goldman Sachs ( GS ) just came out and revealed that the median S&P 500 stock has experienced a surge to where 3% of all stocks are currently being shorted. This might seem like a small amount in the grand scheme of things. But it actually represents the highest level of short interest that we have seen since late 2011. Their thinking seems to be that this could be setting us up for a rally. I'm not going to say that can't or won't happen. If the war against Iran comes to an end, for instance, we could definitely see a push higher. However, I would interpret the data differently. As I have been detailing since August of last year, the U.S. is moving toward a recession. It is my contention that while we could see some upward pressure because of this short interest, the reason for the move higher to begin with stems entirely from the fact that market participants understand the economic conditions are rapidly deteriorating. I would urge investors to tread cautiously in response to this. This is not just speculation. Rather, there are four compelling reasons why I think that investors should be very worried. This is data building off of previous work that I have done in recent months. In each of the articles, with here and here being examples, I talk about different aspects of the economy and how the picture is worsening. Almost every economic data point is deteriorating. And if things continue as they have been, I don't see any scenario other than the market taking a hit. Short Interest Is Soaring For those who are not familiar with the concept of short interest, it is essentially a measure of how much money is being used to short the market. The idea here is that market participants will borrow shares from brokerages and pay those brokerages for that opportunity. They will then take what they purchase,...
Women's health is also a focus for the Times, which warns that poor sleep has been tied to the rise in certain types of female cancers. The paper says researchers now believe that insomnia could be fuelling the steady increase in cancer diagnoses in under-50s, particularly in women's hormonal-related cancers. The US-based study found that female patients who received an insomnia diagnosis were thr...
Women's health is also a focus for the Times, which warns that poor sleep has been tied to the rise in certain types of female cancers. The paper says researchers now believe that insomnia could be fuelling the steady increase in cancer diagnoses in under-50s, particularly in women's hormonal-related cancers. The US-based study found that female patients who received an insomnia diagnosis were three times more likely to also be diagnosed with breast cancer in the next five years, and had almost twice the risk of developing uterine cancer.
On May 15, 2026, Mangrove Partners IM disclosed in an SEC filing that it sold out its entire position in Ecovyst (NYSE:ECVT) , exiting 5,447,873 shares in an estimated $61.53 million trade based on quarterly average pricing. According to its SEC filing dated May 15, 2026, Mangrove Partners IM fully liquidated its holding in Ecovyst (NYSE:ECVT) , selling 5,447,873 shares. The estimated transaction ...
On May 15, 2026, Mangrove Partners IM disclosed in an SEC filing that it sold out its entire position in Ecovyst (NYSE:ECVT) , exiting 5,447,873 shares in an estimated $61.53 million trade based on quarterly average pricing. According to its SEC filing dated May 15, 2026, Mangrove Partners IM fully liquidated its holding in Ecovyst (NYSE:ECVT) , selling 5,447,873 shares. The estimated transaction value was $61.53 million, calculated using the average closing price for the first quarter. The quarter-end value of the stake declined by $53.01 million, a figure that includes both share sales and price movement. Ecovyst is a specialty chemicals company with a global footprint, providing advanced catalyst technologies and sulfuric acid services to industrial and refining clients. The company leverages its expertise in catalyst development and process solutions to support the production of plastics, emission controls, and sustainable industrial processes. With a focus on innovation and operational scale, Ecovyst positions itself as a critical supplier to high-value, process-driven industries. Continue reading
Watch Highlights Video Below: CorpGov hosted the second Princeton CorpGov Forum on May 21, 2026, at The Nassau Inn in Princeton, New Jersey. Speakers featured industry leaders and alumni spanning five decades at Princeton, and topics comprised university endowments, shareholder activism, private equity, venture capital, private and public capital markets, entertainment and the finance of college s...
Watch Highlights Video Below: CorpGov hosted the second Princeton CorpGov Forum on May 21, 2026, at The Nassau Inn in Princeton, New Jersey. Speakers featured industry leaders and alumni spanning five decades at Princeton, and topics comprised university endowments, shareholder activism, private equity, venture capital, private and public capital markets, entertainment and the finance of college sports. Panel: AI and Cybersecurity in the Boardroom Kevin McLaughlin ’97, Vice President, Brand and Corporate Marketing, Dataiku Patrick A. Westerhaus , Partner, Cyber Risk Services, EisnerAmper Michael W. Robinson, Chairman and CEO, The Montgomery Strategies Group Main Topics of Discussion: Boards are heavily funding AI and cybersecurity despite limited understanding of the technologies and risks. AI is making cybercrime easier, increasing threats like ransomware, fraud, deepfakes, and social engineering. Companies are shifting cybersecurity discussions from technical concerns to financial risk management. Businesses now expect AI to deliver measurable value through efficiency, revenue growth, and competitive advantage. Panelists compared today’s AI boom to the dot-com era, while stressing AI’s long-term impact and growing energy demands. Watch Video of the Panel Below, or Click HERE: Speakers and Notable Attendees
662 Billion Reasons To Worry: Moody's Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal Unless you have lived under a rock for the last year (or month), you will know that the explosive growth of artificial intelligence is fueling a massive infrastructure buildout . In a chart book published nearly simultaneously with Moody’s report, Apollo Global Management chief econom...
662 Billion Reasons To Worry: Moody's Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal Unless you have lived under a rock for the last year (or month), you will know that the explosive growth of artificial intelligence is fueling a massive infrastructure buildout . In a chart book published nearly simultaneously with Moody’s report, Apollo Global Management chief economist Torsten Slok worked to put the enormity of data center spending into perspective. With total capital expenditure on data centers estimated at roughly $646 billion, or about 2% of U.S. GDP, Slok noted that is roughly equivalent to the GDP for Singapore, Sweden, and Argentina. Defense spending in 2025, meanwhile, was around $917 billion. However, as Moody's warned this week, the aggressive financing structures supporting this explosive growth are creating significant systemic risks that could ripple across global credit markets and the broader economy . The most recent example of this buildout - and its coincident debt-funding - is the $36 billion debt financing package currently being shopped by Apollo Global Management and Blackstone to enable Anthropic’s large-scale acquisition of Google’s custom TPU chips. As Bloomberg reports, this complex, high-leverage deal - partially backed by Broadcom - underscores how private equity and specialized financiers are channeling enormous capital into AI hardware and data centers through layered debt instruments. The move would mark one of the largest-ever private credit deals and also the biggest chip-financing debt transaction. It aims to tap Broadcom’s credit quality to provide computing-power access to Anthropic, which just eclipsed rival OpenAI in valuation (and its ecosystem has been dramatically outperforming)... While such deals accelerate AI capacity, they also concentrate risk. More concerning is the scale of hidden liabilities across the industry. According to Moody’s Ratings, the five major U.S. hyperscalers (Amazon, Meta...
Kenneth Cheung/iStock Unreleased via Getty Images Thesis DoorDash, Inc. ( DASH ) is down 45% from its highs in late 2025 and down almost 30% since the beginning of the year. This has not been reflected in the fundamentals, however, since revenue is growing at a rate of 28%, a re-acceleration from the year before. In 2025, free cash flow hit $1.83 billion, having gone from negative just three years...
Kenneth Cheung/iStock Unreleased via Getty Images Thesis DoorDash, Inc. ( DASH ) is down 45% from its highs in late 2025 and down almost 30% since the beginning of the year. This has not been reflected in the fundamentals, however, since revenue is growing at a rate of 28%, a re-acceleration from the year before. In 2025, free cash flow hit $1.83 billion, having gone from negative just three years before. Monthly active users at all-time highs. DashPass memberships are growing at record speed, and the company just guided Q2 2026 order value to $32.4 - $33.4 billion, far above Wall Street's expectations of around $28 billion. Does that sound like a company in distress? To me it doesn't. It is a great business going through overblown turbulence, and the market is treating it like a company past its prime. I believe this narrative is wrong and sets up a compelling risk/reward situation for long-term investors. Q1 2026 DoorDash reported Q1 2026 results on May 6 that were, by most measures, better than analysts expected. Mainly, EPS of $0.42 beat expectations of $0.37 by almost 14%. Adjusted EBITDA of $754 million soundly beat the $741 million estimate. Marketplace gross order value (GOV) grew by 37% year over year to $31.6 billion, beating expectations of $31.5 billion by just a hair. However, what made the headlines wasn't this; it was the revenue miss - $4.04 billion versus the $4.15 billion expectation. The miss was real, but the cause wasn't operational. It was due to revenue margins dropping from 13.1% to 12.8%. This was due to two reasons: Deliveroo's slightly lower take rate than its American counterpart and deliberate reduction in consumer fees in the grocery and retail segments, which DoorDash is actively trying to gain market share in. Neither reason suggests slowing demand. On the contrary, contribution profit, the metric that tracks per-order unit economics, was up 35% year over year to $1.38 billion and was flat as a percentage of GOV at 4.4%. This indicate...
Key Points Ranger Investment Management exited 1,012,656 shares of OneSpaWorld Holdings Limited last quarter. The quarter-end position value decreased by approximately $21.00 million, reflecting the full exit. The transaction represented a roughly 2% change relative to Ranger Investment Management's 13F reportable assets under management. 10 stocks we like better than OneSpaWorld › Ranger Investme...
Key Points Ranger Investment Management exited 1,012,656 shares of OneSpaWorld Holdings Limited last quarter. The quarter-end position value decreased by approximately $21.00 million, reflecting the full exit. The transaction represented a roughly 2% change relative to Ranger Investment Management's 13F reportable assets under management. 10 stocks we like better than OneSpaWorld › Ranger Investment Management sold out its entire position in OneSpaWorld Holdings Limited (NASDAQ:OSW) during the first quarter, according to a May 15, 2026, SEC filing. The estimated transaction value was $21.54 million, based on quarterly average pricing. What happened According to a Securities and Exchange Commission (SEC) filing dated May 15, 2026, Ranger Investment Management, L.P., sold all 1,012,656 shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) during the first quarter. The estimated transaction value was $21.54 million, based on the average closing price over the period. The fund’s quarter-end position in the company is now zero. The net position value shift, including price movement, was a decrease of $21.00 million. What else to know Top holdings for Ranger Investment Management, L.P. after the filing: NASDAQ:LGND: $53.49 million (3.9% of AUM) NASDAQ:PEGA: $44.81 million (3.2% of AUM) NASDAQ:PDFS: $41.86 million (3.0% of AUM) NYSE:ULS: $38.31 million (2.8% of AUM) NYSE:SEI: $34.35 million (2.5% of AUM) As of May 14, 2026, shares of OneSpaWorld Holdings Limited were priced at $23.82, up 25% over the past year and underperforming the S&P 500, which is up about 28%. Company Overview Metric Value Revenue (TTM) $989.00 million Net Income (TTM) $77.68 million Dividend Yield 0.8% Price (as of market close 2026-05-14) $23.82 Company Snapshot OneSpaWorld offers health and wellness services, including spa treatments, salon services, fitness programs, medi-spa procedures, and branded beauty products, primarily onboard cruise ships and at destination resorts. The firm generates revenu...
Shares of Okta (OKTA +30.43%) rocketed higher on Friday after the identity management leader highlighted its massive artificial intelligence (AI)-driven expansion opportunity. This cyber sentinel is a cash-generating machine Okta's revenue rose 11% year over year to $765 million in its fiscal 2027 first quarter, which ended on April 30. Chief financial officer Brett Tighe said successful new produ...
Shares of Okta (OKTA +30.43%) rocketed higher on Friday after the identity management leader highlighted its massive artificial intelligence (AI)-driven expansion opportunity. This cyber sentinel is a cash-generating machine Okta's revenue rose 11% year over year to $765 million in its fiscal 2027 first quarter, which ended on April 30. Chief financial officer Brett Tighe said successful new product launches are helping the cybersecurity specialist win more business from corporate customers. He spotlighted Okta Identity Governance, which integrates access management, automation, and compliance tools into a single unified platform. Expand NASDAQ : OKTA Okta Today's Change ( 30.43 %) $ 28.82 Current Price $ 123.54 Key Data Points Market Cap $17B Day's Range $ 106.98 - $ 124.73 52wk Range $ 62.66 - $ 124.79 Volume 892.3K Avg Vol 3.7M Gross Margin 77.36 % All told, Okta's adjusted net income increased 6% to $168 million, or $0.91 per share. That topped Wall Street's estimates, which had called for per-share profits of $0.85. Better still, Okta continues to crank out free cash flow, to the tune of $271 million in the first quarter. AI is expanding Okta's addressable market Looking ahead, management guided for full-year revenue growth of roughly 10% to $3.2 billion, with adjusted earnings per share of $3.79 to $3.87 and free cash flow of $855 million to $885 million. But what really got investors excited was management's comments about how agentic AI is fueling Okta's growth. "AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users," CEO Todd McKinnon said. Okta, in turn, is investing strategically to position itself as an indispensable cyber guardian for AI agents. "We're expanding our opportunity as the world's leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise," McKinnon ...
Key Points Okta's identity protection solutions are growing even more valuable in the agentic AI era. The company's free cash flow margins are already impressive. 10 stocks we like better than Okta › Shares of Okta (NASDAQ: OKTA) rocketed higher on Friday after the identity management leader highlighted its massive artificial intelligence (AI)-driven expansion opportunity. Will AI create the world...
Key Points Okta's identity protection solutions are growing even more valuable in the agentic AI era. The company's free cash flow margins are already impressive. 10 stocks we like better than Okta › Shares of Okta (NASDAQ: OKTA) rocketed higher on Friday after the identity management leader highlighted its massive artificial intelligence (AI)-driven expansion opportunity. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » This cyber sentinel is a cash-generating machine Okta's revenue rose 11% year over year to $765 million in its fiscal 2027 first quarter, which ended on April 30. Chief financial officer Brett Tighe said successful new product launches are helping the cybersecurity specialist win more business from corporate customers. He spotlighted Okta Identity Governance, which integrates access management, automation, and compliance tools into a single unified platform. All told, Okta's adjusted net income increased 6% to $168 million, or $0.91 per share. That topped Wall Street's estimates, which had called for per-share profits of $0.85. Better still, Okta continues to crank out free cash flow, to the tune of $271 million in the first quarter. AI is expanding Okta's addressable market Looking ahead, management guided for full-year revenue growth of roughly 10% to $3.2 billion, with adjusted earnings per share of $3.79 to $3.87 and free cash flow of $855 million to $885 million. But what really got investors excited was management's comments about how agentic AI is fueling Okta's growth. "AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users," CEO Todd McKinnon said. Okta, in turn, is investing strategically to position itself as an indispensable cyber guardian for AI agents. "We're expan...
China has largely reined in the human cost of industrial accidents during years of economic growth at breakneck pace. A shocking exception was last Friday’s gas explosion that killed at least 82 people at the Liushenyu coal mine in Shanxi province in central China, the country’s worst mining disaster in nearly two decades. President Xi Jinping’s call for a thorough investigation and accountability...
China has largely reined in the human cost of industrial accidents during years of economic growth at breakneck pace. A shocking exception was last Friday’s gas explosion that killed at least 82 people at the Liushenyu coal mine in Shanxi province in central China, the country’s worst mining disaster in nearly two decades. President Xi Jinping’s call for a thorough investigation and accountability is necessary. He stressed that authorities must learn from the accident and intensify efforts to eliminate workplace risks. It is imperative that they clarify reports of systemic safety failures across multiple parts of the production chain. It is important to know where miners are when underground and that they are equipped with safety and survival gear, yet there are reports that many worked in “hidden” coal pits and without location trackers or respirators. State broadcaster CCTV reported that the official system logged just 124 workers entering the mine with personnel positioning cards, but checks found there were 247 underground. An experienced miner who had also been a safety officer said that hidden mine faces can compromise airflows designed to combat toxic gases. Advertisement The demand for coal remains strong, especially coking coal for steel production. Shanxi is China’s premier coking coal producer, and the Liushenyu mine is located in a core production hub. State media reported that by the end of November, Shanxi had built around 370 intelligent mines equipped with 5G coverage and integrated intelligent systems, including automated coal-cutting machines and unstaffed vehicles. But the Liushenyu mine remained dependent on manual labour and was riddled with violations. Advertisement A day before the accident, provincial leaders considering Shanxi’s next five-year plan said the province would advance economic transformation. Governor Lu Dongliang said it would upgrade traditional industries and highlighted the need to tap sectors such as non-coal minerals, agric...
Liudmila Chernetska/iStock via Getty Images Shares of International Flavors & Fragrances Inc. ( IFF ) have hardly reacted in response to a larger sale, one that can be labeled a rather substantial sale. After all, the business is selling its Food Ingredient business, a segment responsible for about 30% of sales and 20% of EBITDA, for multiples that are a bit cheap (compared to its valuation). Whil...
Liudmila Chernetska/iStock via Getty Images Shares of International Flavors & Fragrances Inc. ( IFF ) have hardly reacted in response to a larger sale, one that can be labeled a rather substantial sale. After all, the business is selling its Food Ingredient business, a segment responsible for about 30% of sales and 20% of EBITDA, for multiples that are a bit cheap (compared to its valuation). While management touts the strategic rationale, and the valuation multiples fetched are on the softer side, I'm rather cautious about the deal. While leverage will come down, some near-term dilution will be incurred, as valuations look about fair but not necessarily cheap, certainly after a poor past decade for the shares already. This makes me cautious to get involved just yet, amidst not necessarily very cheap multiples, cheaper divestment, and a poor past track record. Selling Food Ingredients IFF has reached a transaction to sell its Food Ingredients business to CVC Capital Partners in a deal that values the activities at $4.3 billion. That does not equal the gross proceeds in connection to the deal, as IFF will maintain a 10% minority equity interest in the business. This is the latest in a string of divestments, totaling about $10 billion in value, after IFF bought the Nutrition & Bioscience business from DuPont in a $20 billion deal pre-pandemic, as many divestments have largely reversed some of that transaction. This latest deal values the activities at around 10 times EBITDA, which suggests a $430 million contribution on that front. The deal is driven by the strategic rationale of becoming more focused, with the company focusing on taste, scent, health, and biosciences; an opportunity to reduce leverage; and a focus on higher growth opportunities. Note that on their own, these are pretty reasonable activities, with the segment generating $3.1 billion in sales in 2025 with EBITDA margins reported near 14% of sales. Net cash proceeds are seen at $3.8 billion, including t...
Key Points Cyrus Capital Partners sold 81,516 Methanex shares last quarter; the estimated transaction value was $4.10 million. Meanwhile, the quarter-end stake value decreased by $1.60 million, reflecting both the share sale and stock price movement. The change represents about 2% of the fund's 13F reportable assets under management. The quarter-end stake stood at 82,484 shares, valued at $4.91 mi...
Key Points Cyrus Capital Partners sold 81,516 Methanex shares last quarter; the estimated transaction value was $4.10 million. Meanwhile, the quarter-end stake value decreased by $1.60 million, reflecting both the share sale and stock price movement. The change represents about 2% of the fund's 13F reportable assets under management. The quarter-end stake stood at 82,484 shares, valued at $4.91 million. 10 stocks we like better than Methanex › On May 28, 2026, Cyrus Capital Partners reported selling 81,516 shares of Methanex (NASDAQ:MEOH), an estimated $4.10 million transaction based on quarterly average prices. What happened According to a May 28, 2026, SEC filing, Cyrus Capital Partners reduced its stake in Methanex by 81,516 shares during the first quarter of 2026. The estimated transaction value is $4.10 million, calculated using the average unadjusted closing price for the quarter. The quarter-end value of the Methanex position declined by $1.60 million, reflecting both trading activity and price changes. What else to know Cyru Capital Partners, L.P. sold shares, leaving Methanex at 2.5% of 13F AUM Top holdings after the filing: NASDAQ: SATS: $67.50 million (45.0% of AUM) NASDAQ: GTX: $39.24 million (26.2% of AUM) NASDAQ: CZR: $37.79 million (25.2% of AUM) NASDAQ: MEOH: $4.91 million (2.5% of AUM) NASDAQ: NBIS: $518,800 (0.3% of AUM) As of May 27, 2026, Methanex shares were priced at $59.15, up about 80% over the past year and well outperforming the S&P 500, which is up about 28% in the same period. Company overview Metric Value Revenue (TTM) $3.67 billion Net Income (TTM) ($45.03 million) Dividend Yield 1.2% Price (as of market close May 27, 2026) $59.15 Company snapshot Methanex produces and supplies methanol globally, including North America, Asia Pacific, Europe, and South America, with additional revenue from methanol offtake contracts and spot market purchases The firm operates an integrated business model encompassing production, logistics, storage, and ...
Solana (CRYPTO: SOL) is a top-10 cryptocurrency with a market cap of about $47.5 billion. Investors keep returning to the token because it runs on one of the strongest blockchain networks from a technical perspective. The coin trades around $82 today, well off its all-time high of $294, but interest has not faded. Institutional players ... Will Solana (SOL) Make You a Millionaire?
Solana (CRYPTO: SOL) is a top-10 cryptocurrency with a market cap of about $47.5 billion. Investors keep returning to the token because it runs on one of the strongest blockchain networks from a technical perspective. The coin trades around $82 today, well off its all-time high of $294, but interest has not faded. Institutional players ... Will Solana (SOL) Make You a Millionaire?