Th nswrs t tdys pzzls Earlier today I set you the following puzzles. Listed below are ten common phrases or sayings in the English language, five of which are found in Shakespeare. Each letter is replaced by a box the same width and height as the letter. Consonants are blue, vowels are green. The solutions are presented as a group at the bottom. Continue reading...
Th nswrs t tdys pzzls Earlier today I set you the following puzzles. Listed below are ten common phrases or sayings in the English language, five of which are found in Shakespeare. Each letter is replaced by a box the same width and height as the letter. Consonants are blue, vowels are green. The solutions are presented as a group at the bottom. Continue reading...
Space is becoming the next battlefield. York Space Systems CEO Dirk Wallinger joined Bloomberg Open Interest to explain how wartime urgency is reshaping defense technology and shifting from slow, expensive systems to rapid deployment, constant iteration, and scalable satellite networks. As demand surges from the Pentagon, the race to dominate space-based infrastructure is accelerating fast. (Sourc...
Space is becoming the next battlefield. York Space Systems CEO Dirk Wallinger joined Bloomberg Open Interest to explain how wartime urgency is reshaping defense technology and shifting from slow, expensive systems to rapid deployment, constant iteration, and scalable satellite networks. As demand surges from the Pentagon, the race to dominate space-based infrastructure is accelerating fast. (Source: Bloomberg)
There’s a “tactical buying opportunity” as concerns about AI and regulatory matters lead Meta’s stock to trade at an unusually large discount to its historical average.
There’s a “tactical buying opportunity” as concerns about AI and regulatory matters lead Meta’s stock to trade at an unusually large discount to its historical average.
Federal Reserve chair Jerome Powell said that it is too soon to know what kind of economic impact will come from war with Iran. Speaking at an event at Harvard University, Powell told students that the Fed's rate decisions really only have a meaningful impact on demand, not supply. Powell did say that the rise in oil prices is a supply shock that could impact inflation expectations and that has to...
Federal Reserve chair Jerome Powell said that it is too soon to know what kind of economic impact will come from war with Iran. Speaking at an event at Harvard University, Powell told students that the Fed's rate decisions really only have a meaningful impact on demand, not supply. Powell did say that the rise in oil prices is a supply shock that could impact inflation expectations and that has to be carefully monitored. (Source: Bloomberg)
fengdr/iStock via Getty Images Investment Thesis and Recommendation While Runway Growth Finance Corp ( RWAY ) trades at a significant discount and a high yield, I do not believe this is the time for fundamental investors to buy this business development corporation. Speculative investors may find it compelling. As with all BDCs, RWAY is predominantly an income investment. The primary analytical fo...
fengdr/iStock via Getty Images Investment Thesis and Recommendation While Runway Growth Finance Corp ( RWAY ) trades at a significant discount and a high yield, I do not believe this is the time for fundamental investors to buy this business development corporation. Speculative investors may find it compelling. As with all BDCs, RWAY is predominantly an income investment. The primary analytical focus is on the sustainability of net investment income, the quality of the underlying portfolio, and the coverage of the distribution. Credit quality remains strong with 25 basis points of non-accruals as of 12/31/25, which is 25 basis points lower than the year-ago period. NII did not fully cover the dividend as prepayments dropped, and the drop in the associated fees dragged NII lower. NII would have been even lower had the manager not waived a step-up in the base management fee. The externally managed structure and cost is a drag relative to internally managed venture/growth peers. That said, BC Partners and the pending acquisition of SWK Holdings serve to broaden the "deal funnel" for RWAY. Runway is in the process of acquiring SWK Holdings, which should have multiple benefits for the firm and the portfolio. From the firm side, it brings in expertise in healthcare and life sciences, while on the portfolio level, it adds new sectors and reduces overall position sizes (as a percentage of the portfolio). The stock trades at roughly 52% of NAV - a very steep discount that reflects both sector headwinds and specific items such as dividend stability, NII generation, and software exposure. At current levels, the yield is approximately 18–19%, which offers an income cushion (assuming the dividend remains intact, which I will discuss further). The discount to NAV creates potential for total return upside if the SWK integration proceeds as expected and the earnings trajectory inflects. However, until NII coverage is restored above 100% on a sustainable basis and SWK is settled and...
Speaking at a event at Harvard University Federal Reserve chair Jerome Powell said that there's currently tension between the Fed's dual mandates as it aims to keep the labor market and inflation in check. Powell also said that he welcomes debate given the difficult landscape. Addressing the recent string of dissents, he said it would be 'misleading' to expect unanimity at this time. (Source: Bloo...
Speaking at a event at Harvard University Federal Reserve chair Jerome Powell said that there's currently tension between the Fed's dual mandates as it aims to keep the labor market and inflation in check. Powell also said that he welcomes debate given the difficult landscape. Addressing the recent string of dissents, he said it would be 'misleading' to expect unanimity at this time. (Source: Bloomberg)
Editor's note: Seeking Alpha is proud to welcome Burak Kaan Yilmaz as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Executive Summary and Investment Thesis Lockheed Martin Corporation ( LMT ) remains a cornersto...
Editor's note: Seeking Alpha is proud to welcome Burak Kaan Yilmaz as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Executive Summary and Investment Thesis Lockheed Martin Corporation ( LMT ) remains a cornerstone of global defense infrastructure, especially as international security demands reach new heights amidst rising geopolitical tensions. Based on the DCF analysis that I applied, I found a target price of $843. Compared to the current market price of $621 as of March 30, 2026, this valuation represents a compelling ~35-36% implied upside. The primary reason behind this valuation is the increasing revenue. Specifically, Lockheed Martin’s revenue will likely increase because they already have a massive backlog, and due to ongoing wars, many countries are significantly expanding their defense budgets, which I believe will sustain this growth trajectory for the foreseeable future. Backlog (Lockheed Martin Annual Reports and Author's Analysis) For example, Germany increased its defense budget by 28% in 2024. Additionally, the German government aims to spend 3.5% of its GDP on defense by 2029. While achieving this ambitious target remains a subject of ongoing debate among analysts, the clear upward trajectory in Germany's defense allocations represents a sustained structural tailwind for Lockheed Martin’s European operations. Besides the target price, Lockheed Martin gives dividends regularly at a stable rate. This provides a safe cash flow for investors who hold the company for the long term. Dividends (Lockheed Martin Annual Reports and Author's Analysis) While the F-35 program is the main source of Lockheed Martin’s revenue, the real profit growth comes from Missiles and Fire Control systems. According to the latest data, global casualties from explosive violence rose by 39% i...
This isn’t an official Pixel 11 color, according to Android Headlines. | Image: OnLeaks via Android Headlines The launch of the Google Pixel 11 is still months away, but leaked renders shared by Android Headlines may give us an idea of what to expect. Based on the images, the Pixel 11 could come with slimmer bezels than its predecessor, along with a completely black rear camera bar. The Pixel 10, ...
This isn’t an official Pixel 11 color, according to Android Headlines. | Image: OnLeaks via Android Headlines The launch of the Google Pixel 11 is still months away, but leaked renders shared by Android Headlines may give us an idea of what to expect. Based on the images, the Pixel 11 could come with slimmer bezels than its predecessor, along with a completely black rear camera bar. The Pixel 10, which launched in September , places its rear camera lenses against a black background, while surrounding its flash with the same color as the body of the phone. Other than these tweaks, it doesn't look like much else has changed visually between the two phones. As noted by Android Headlines , the Pixel 11's rumored 152.8 x 72 x 8.5mm dimensions are nearly … Read the full story at The Verge.
Dogs And Cats Living Together. Sonsedska/iStock via Getty Images Our coverage of KKR Real Estate ( KREF ) began in 2023. While we were initially hesitant in slapping the right rating, we went with the correct call in April 2024. Since then it has all been red, and it has been the right call. Seeking Alpha Since our last piece , KREF has dived relative to the broader stock market: Seeking Alpha We ...
Dogs And Cats Living Together. Sonsedska/iStock via Getty Images Our coverage of KKR Real Estate ( KREF ) began in 2023. While we were initially hesitant in slapping the right rating, we went with the correct call in April 2024. Since then it has all been red, and it has been the right call. Seeking Alpha Since our last piece , KREF has dived relative to the broader stock market: Seeking Alpha We review the latest results, the management commentary and tell you why wipe-out is the most likely outcome for KREF. The Setup KREF is a mortgage REIT and benefits from the KKR platform. While we agree with most of the things written below, we have to stop and take a hearty laugh at the "conservative balance sheet". We will provide context on that a bit later. KREF Presentation The most results were like those for the first 3 quarters. Imagine the Toy Story meme, but only with "Losses, Losses as far as the eye can see." Even the scrubbed seven ways to Sunday metric, distributable earnings, was 39 cents for the whole year and fraction of the distributions actually paid. KREF Presentation These losses have come despite a very modest part of the entire portfolio being distressed. The part about them having good liquidity currently is accurate though. They have a diversified roster of banks providing liquidity. The conditions are also fairly generous (for now) and this makes immediate distress unlikely. KREF Presentation But color us extremely bearish here (not withstanding the possibility of a bounce from oversold levels). We will show you our reasoning next. Outlook & Verdict To start off, KREF is nowhere near covering the distribution, even if you ignore all the losses that keep piling up. KREF Presentation Distributable earnings hit the magical 25 cents mark just once in the last 4 quarters. More importantly, KREF blew through $1.40 in tangible book value in 2025. KREF Presentation Yes the portfolio is contracting over the last few years and that is a good thing for this com...
Miguel J. Rodriguez Carrillo/Getty Images News Although NASA is leading Artemis II, much of the spacecraft and launch system has been developed by major aerospace contractors across the United States and Europe. Lockheed Martin ( LMT ) serves as the prime contractor for the Orion capsule, building both the crew module where astronauts will live during the mission and the launch abort system design...
Miguel J. Rodriguez Carrillo/Getty Images News Although NASA is leading Artemis II, much of the spacecraft and launch system has been developed by major aerospace contractors across the United States and Europe. Lockheed Martin ( LMT ) serves as the prime contractor for the Orion capsule, building both the crew module where astronauts will live during the mission and the launch abort system designed to pull the capsule away from the rocket in an emergency. Boeing ( BA ) is responsible for the core stage of the Space Launch System rocket, including its fuel tanks and onboard flight systems. The company also manages the upper-stage propulsion element that provides the final boost sending Orion toward the Moon. Northrop Grumman ( NOC ) supplies the twin solid rocket boosters that generate the majority of thrust during liftoff, as well as key components tied to the capsule’s abort system. Through the European Space Agency , Airbus ( EADSF ) ( EADSY ) built the European Service Module, which sits beneath the crew capsule and provides propulsion, electrical power, temperature regulation and life-support resources such as water and oxygen. Engine systems for both the rocket and spacecraft are provided by L3Harris Technologies ( LHX ) , including the main engines derived from the Space Shuttle program and additional propulsion systems used for maneuvering in space. More on Lockheed Martin, Boeing, etc. Northrop Grumman: Undervalued Ahead Of Key Program Ramp Boeing: The Triple Blow The Shahed Drone War Is Creating A Missile Defense Supercycle For Lockheed Martin What to expect during NASA's Artemis II mission around the Moon U.S. Navy expands electronic warfare program with Northrop Grumman contract
TJX ( TJX ) declares $0.48/share quarterly dividend , 12.9% increase from prior dividend of $0.42. Forward yield 1.22% Payable June 4; for shareholders of record May 14; ex-div May 14. This marks our 29 th dividend increase over the last 30 years. See TJX Dividend Scorecard, Yield Chart, & Dividend Growth. More on TJX TJX Companies Steadily Winning The Apparel Race TJX Companies: I Prefer It Over ...
TJX ( TJX ) declares $0.48/share quarterly dividend , 12.9% increase from prior dividend of $0.42. Forward yield 1.22% Payable June 4; for shareholders of record May 14; ex-div May 14. This marks our 29 th dividend increase over the last 30 years. See TJX Dividend Scorecard, Yield Chart, & Dividend Growth. More on TJX TJX Companies Steadily Winning The Apparel Race TJX Companies: I Prefer It Over Ross Stores - Just Not At 30x TJX Companies Q4 Results: Operating Strength Continues, Shares Fairly Valued Apparel stocks to watch on back of Lululemon's mixed earnings report TJX outlines 4%–5% sales growth and 146 new stores for 2027 amid strong Q4 performance