Wolterk/iStock Editorial via Getty Images In February , I initiated coverage on General Mills, Inc. ( GIS ) by rating the company a Sell due to persistently declining revenues, uncomfortably high debt, and rising competition. With share repurchases abruptly ceasing, the company was seen entering capital preservation mode and analyst projections seemed unrealistically high, expecting a recovery jus...
Wolterk/iStock Editorial via Getty Images In February , I initiated coverage on General Mills, Inc. ( GIS ) by rating the company a Sell due to persistently declining revenues, uncomfortably high debt, and rising competition. With share repurchases abruptly ceasing, the company was seen entering capital preservation mode and analyst projections seemed unrealistically high, expecting a recovery just beyond the horizon. Since then, the stock has dropped over 25%, massively under-performing a rising market. The silver lining is that price now more accurately reflects the current state of General Mills' business. What prompted my article was management's reduction of EPS guidance for 2026 to a mid-point of $3.45, a -20% to -16% YoY decline. My previous thesis was that paying 13x forward earnings in such a challenged climate amounted to investors taking a bet that presumed a recovery was close at hand. In the stock market: price dictates everything. Investors can buy the most wonderful business in the world, overpay and lose money. Conversely, a troubled business can become a good investment if the price is right. Currently, General Mills trades for under 10x reduced 2026 EPS guidance. Therefore, what before was a bet that assumed a rebound, has evolved into one that presumes the business will stabilize. Indeed, with shares currently paying a 7.3% annualized dividend yield, investors will do reasonably well if shares simply tread water and the business remains strong enough to support the dividend. There are still significant risks to this view, including: Declining Sales: In March, Q3 sales declined 8% YoY. However, this was impacted by divestiture of the company's yogurt business. Adjusting sales for the divestiture gives a 2-3% sales contraction in 2027. Rising Inflation Expectations and Interest Rates: The conflict in the Middle East has sent oil prices sharply higher. Bonds have sold off with the 30-year Treasury now presenting investors with 5.2% yield, competing w...
加拿大投资发行商Torrent Capital Ltd．于5月20日公布了2026年第一季度未经审计的财务业绩。财报显示，公司GAAP每股收益为-0.11美元，较2025年同期的-0.07美元有所扩大，主要受市场波动及软件板块估值倍数压缩影响。 净资产价值下降，软件板块成拖累主力 截至2026年3月31日，公司每股净资产为0.74美元，低于2025年12月31日的0.85美元；净资产总额从3250...
Taiwán sigue siendo el principal punto de tensión entre EE.UU. y China. Pekín intensifica la presión militar sobre la isla mientras Washington mantiene su apoyo a Taipéi. Ivana Bargues explica por qué este tema es clave para ambas potencias. (Source: Bloomberg)
Taiwán sigue siendo el principal punto de tensión entre EE.UU. y China. Pekín intensifica la presión militar sobre la isla mientras Washington mantiene su apoyo a Taipéi. Ivana Bargues explica por qué este tema es clave para ambas potencias. (Source: Bloomberg)
Key Points Bienville sold its entire stake of 234,818 shares in monday.com during the first quarter. The quarter-end position value decreased by $34.65 million, reflecting both share sale and price movements during the period. The position was previously 5.5% of the fund’s AUM as of the prior quarter, underscoring the significance of the disposition. 10 stocks we like better than Monday.com › What...
Key Points Bienville sold its entire stake of 234,818 shares in monday.com during the first quarter. The quarter-end position value decreased by $34.65 million, reflecting both share sale and price movements during the period. The position was previously 5.5% of the fund’s AUM as of the prior quarter, underscoring the significance of the disposition. 10 stocks we like better than Monday.com › What happened Bienville Capital Management, LLC reported in a May 13, 2026, SEC filing that it sold all 234,818 shares of monday.com (NASDAQ:MNDY) during the first quarter. The estimated value of the transaction is $22.53 million, calculated using the average unadjusted closing price for the quarter. What else to know Bienville exited its position in monday.com in Q1, which represented 5.5% of the fund’s AUM in the previous quarter. Top holdings after the filing include: NYSEMKT: ACIO: $43.24 million (7.9% of AUM) NASDAQ: MELI: $36.73 million (6.7% of AUM) NASDAQ: DASH: $29.86 million (5.4% of AUM) NYSE: CIEN: $27.24 million (5.0% of AUM) NYSE: KVYO: $23.89 million (4.3% of AUM) As of May 13, 2026, shares of monday.com were priced at $67.70, down 76.7% over the past year, underperforming the S&P 500 by 103.16 percentage points. Monday.com reported trailing twelve months revenue of $1.3 billion and net income of $119.4 million. Company overview Metric Value Price (as of market close May 13, 2026) $67.70 Market capitalization $3.5 billion Revenue (TTM) $1.3 billion Net income (TTM) $119.4 million Company snapshot Monday.com offers a cloud-based Work OS platform with modular applications for project management, CRM, marketing, software development, and workflow automation. It leverages a scalable SaaS business model to drive recurring revenue and expand its global customer base. The company serves organizations of all sizes globally, including enterprises, educational institutions, government agencies, and business units seeking collaborative work management solutions. Monday.com ...
vchal/iStock via Getty Images Deep Fission, a Berkeley, California-based nuclear energy startup developing underground small modular reactors, on Wednesday filed for an initial public offering in the latest sign that Wall Street’s appetite for advanced nuclear power remains strong amid surging electricity demand from artificial intelligence and data centers. The company said in its S-1 filing with...
vchal/iStock via Getty Images Deep Fission, a Berkeley, California-based nuclear energy startup developing underground small modular reactors, on Wednesday filed for an initial public offering in the latest sign that Wall Street’s appetite for advanced nuclear power remains strong amid surging electricity demand from artificial intelligence and data centers. The company said in its S-1 filing with the U.S. Securities and Exchange Commission that it plans to offer 6 million shares of common stock on the Nasdaq Global Market under the ticker symbol “FISN.” Deep Fission estimated an initial price range of $24 to $26 a share, which would value the company at about $1.65 billion. Founded by Chief Executive Elizabeth Muller, Deep Fission is pursuing a novel approach to nuclear energy by placing reactors deep underground in boreholes, an idea the company says could reduce construction costs and improve safety compared with traditional above-ground nuclear facilities. The filing arrives just weeks after nuclear reactor developer X-Energy ( XE ) completed a blockbuster IPO that raised more than $1 billion and briefly pushed its valuation close to $12 billion. Investors have poured into nuclear startups this year as hyperscale cloud providers and AI companies search for stable, carbon-free electricity sources to support power-hungry data centers. Why investors are paying attention Deep Fission’s filing is significant because it signals that public investors are increasingly willing to fund early-stage nuclear technology companies despite the sector’s long timelines, regulatory hurdles and heavy capital requirements. The broader investment thesis centers on a rapidly growing belief that renewable energy alone may not satisfy future electricity demand driven by AI computing infrastructure. Advanced nuclear companies are positioning themselves as a potential answer, particularly as technology giants seek around-the-clock power sources that do not rely on fossil fuels. The IPO ma...
The proposed CAD 3.5 billion project — expected to go live in the second half of 2027 — would place HIVE's planned AI campus in the same broad scale category as some of the largest Nvidia-powered AI clusters currently being built by hyperscalers and frontier-model companies. But the bigger takeaway may be that sovereign AI infrastructure is rapidly becoming a global trend. The AI Infrastructure Ra...
The proposed CAD 3.5 billion project — expected to go live in the second half of 2027 — would place HIVE's planned AI campus in the same broad scale category as some of the largest Nvidia-powered AI clusters currently being built by hyperscalers and frontier-model companies. But the bigger takeaway may be that sovereign AI infrastructure is rapidly becoming a global trend. The AI Infrastructure Race Is Turning Geopolitical Then came Elon Musk's xAI (now SpaceXAI) and its Colossus supercluster in Memphis, which helped popularize the idea of giant 100,000-GPU-scale AI campuses. Now, governments and sovereign-backed groups increasingly want their own versions. Nvidia May Quietly Be The Biggest Winner Ironically, many sovereign AI ambitions still rely heavily on American technology — especially Nvidia GPUs. That dynamic could become one of Nvidia's next major growth engines. Instead of selling primarily to hyperscalers and AI startups, Nvidia increasingly sits at the center of a much broader infrastructure buildout involving: sovereign compute initiatives regional AI campuses national cloud strategies domestically governed supercomputing projects In many ways, the AI race may no longer simply be about who builds the best chatbot. It may increasingly be about which countries control the compute infrastructure powering the next generation of AI economies. Image via Shutterstock
Scharfsinn86/iStock via Getty Images Hesai Group ( HSAI ) reported a mixed start to 2026. The Chinese LiDAR sensor company’s shipment outlook is great as demand for LiDARs continues to grow, but a continued shift to lower-margin products has weakened earnings progress. I believe that it’s now important to watch where the gross margin will head in the next few quarters. The entry into physical AI a...
Scharfsinn86/iStock via Getty Images Hesai Group ( HSAI ) reported a mixed start to 2026. The Chinese LiDAR sensor company’s shipment outlook is great as demand for LiDARs continues to grow, but a continued shift to lower-margin products has weakened earnings progress. I believe that it’s now important to watch where the gross margin will head in the next few quarters. The entry into physical AI adds a revenue stream past LiDAR, but Hesai’s new segment’s success is uncertain. I maintained a Hold rating in my previous March article on the stock, titled “ Hesai Group: Good Earnings Growth Outlook Ahead. ” The stock has since returned 3%; meanwhile, the S&P 500 has returned 14%. My Rating History on HSAI (Seeking Alpha) Hesai Q1 Review Hesai’s Q1 report showed a mixed performance from the company. The overall growth story remains on track, but not without caveats. Shipments again showed a strong year-on-year performance at 141% growth to 471.7 thousand. Hesai’s partnerships with leading Chinese automotive OEMs and expansion into foreign markets continue to strengthen Hesai’s market position while LiDAR’s global usage increases. Internationally, Hesai announced a strategic partnership with Mercedes-Benz and a design win with Toyota in the Q1 press release—Hesai is clearly diversifying its presence past the Chinese EV market. At the same time, robotics shipments have continued to grow at a very fast but steady pace as new use cases for LiDARs in robotics continue to arise. Coming from a very strong Q4, shipments did decline by -25% sequentially. I believe that the drop is explained by seasonality and quarterly fluctuation in shipments, though. Hesai has reported a sequential shipment drop in prior Q1 reports as well. The company still expects to achieve 3.0-3.5 million shipments in 2026, implying record-high 926 thousand average quarterly shipments from Q2 to Q4. Author's Illustration Using HSAI Press Release Data A key factor to watch going forward is Hesai’s margin per...
Image source: The Motley Fool. Wednesday, May 20, 2026 at 10 a.m. ET CALL PARTICIPANTS Chairman, President, and CEO — John C. Hadjipateras Chief Financial Officer — Theodore B. Young Chief Commercial Officer — Tim T. Hansen Head of Energy Transition — John C. Lycouris Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Fleet composition -- Dorian LPG LPG +12.53% ) -- VLGC ma...
Image source: The Motley Fool. Wednesday, May 20, 2026 at 10 a.m. ET CALL PARTICIPANTS Chairman, President, and CEO — John C. Hadjipateras Chief Financial Officer — Theodore B. Young Chief Commercial Officer — Tim T. Hansen Head of Energy Transition — John C. Lycouris Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Fleet composition -- Dorian LPG LPG +12.53% ) -- VLGC market dynamics -- There are 427 VLGCs globally, with about 124 ships on order, or nearly 30% of the existing fleet. -- There are 427 VLGCs globally, with about 124 ships on order, or nearly 30% of the existing fleet. Newbuilding investments -- The latest VLGC newbuilding price is approximately $115 million, a 2.5% annualized increase since the 2004 order price of $65 million. -- The latest VLGC newbuilding price is approximately $115 million, a 2.5% annualized increase since the 2004 order price of $65 million. Recent fleet actions -- The 93,000 cbm Arianne, a fully ammonia-capable dual fuel VLGC, was delivered in late March but will not impact P&L until fiscal Q1 2027. -- The 93,000 cbm Arianne, a fully ammonia-capable dual fuel VLGC, was delivered in late March but will not impact P&L until fiscal Q1 2027. Asset sales and debt reduction -- The sale of the COBRA completed in May, generated approximately $30 million in gain and repaid $16.5 million of debt. -- The sale of the COBRA completed in May, generated approximately $30 million in gain and repaid $16.5 million of debt. Shareholder returns -- An irregular dividend of $1 per share was declared, representing a significant increase from the prior quarter and reflecting management's constructive market outlook. -- An irregular dividend of $1 per share was declared, representing a significant increase from the prior quarter and reflecting management's constructive market outlook. Free cash -- Free cash stood at $327.4 million at quarter end, sequentially up from the prior quarter. -- Free cash stood at $327.4 million at qua...
Mizuho raised its price target on UnitedHealth Group (NYSE:UNH) to $440 from $410 and kept an Outperform rating on the managed care leader. The call is part of a sector-wide constructive reset by the firm, with price targets lifted across five major insurers on the same day. For watchful investors, the message is that the ... UnitedHealth Price Target Lifted to $440 at Mizuho: The Managed Care Sto...
Mizuho raised its price target on UnitedHealth Group (NYSE:UNH) to $440 from $410 and kept an Outperform rating on the managed care leader. The call is part of a sector-wide constructive reset by the firm, with price targets lifted across five major insurers on the same day. For watchful investors, the message is that the ... UnitedHealth Price Target Lifted to $440 at Mizuho: The Managed Care Storm Clouds Are Clearing
Image source: The Motley Fool. Wednesday, May 13, 2026 at 8:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Bruce Lowthers Chief Financial Officer — John Crawford TAKEAWAYS Revenue -- $442.7 million, up 10%, with organic growth at 8% and currency normalization yielding 6% growth after a $7 million data licensing deal. -- $442.7 million, up 10%, with organic growth at 8% and currency normali...
Image source: The Motley Fool. Wednesday, May 13, 2026 at 8:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Bruce Lowthers Chief Financial Officer — John Crawford TAKEAWAYS Revenue -- $442.7 million, up 10%, with organic growth at 8% and currency normalization yielding 6% growth after a $7 million data licensing deal. -- $442.7 million, up 10%, with organic growth at 8% and currency normalization yielding 6% growth after a $7 million data licensing deal. Adjusted EBITDA -- $99.2 million, up 4%, as margin decreased 130 basis points from increased marketing and IT spend of $6 million and credit loss expense up $10 million, partly offset by the data deal benefit. -- $99.2 million, up 4%, as margin decreased 130 basis points from increased marketing and IT spend of $6 million and credit loss expense up $10 million, partly offset by the data deal benefit. Unlevered free cash flow -- $67 million, up 17%, with EBITDA conversion at 67%; LTM conversion reached 71% with $307 million generated. -- $67 million, up 17%, with EBITDA conversion at 67%; LTM conversion reached 71% with $307 million generated. Adjusted EPS -- $0.41, increasing 21% as a result of reduced share count. -- $0.41, increasing 21% as a result of reduced share count. Net leverage ratio -- 5.2x, down from 5.5x, following $100 million in debt repayment, aligned with management’s stated top priority for 2026. -- 5.2x, down from 5.5x, following $100 million in debt repayment, aligned with management’s stated top priority for 2026. Digital Wallets volume -- $7.1 billion, up 19% (9% constant currency), with revenue up 15% to $216.3 million and organic growth at 7%; active user count increased 9% and average revenue per user rose 6%. -- $7.1 billion, up 19% (9% constant currency), with revenue up 15% to $216.3 million and organic growth at 7%; active user count increased 9% and average revenue per user rose 6%. Merchant Solutions volume -- $37.2 billion, up 9%; organic revenue growth of 9% (about 5% normaliz...
Bradley E. Singer, a member of the Board of Directors at Warby Parker (WRBY 2.33%), reported the sale of 25,000 common shares held indirectly via the Bradley Singer Revocable Trust. The disposition occurred across two open-market transactions valued at approximately $715,000, as disclosed in the SEC Form 4 filing. Transaction summary Metric Value Shares sold (indirect) 25,000 Transaction value ~$7...
Bradley E. Singer, a member of the Board of Directors at Warby Parker (WRBY 2.33%), reported the sale of 25,000 common shares held indirectly via the Bradley Singer Revocable Trust. The disposition occurred across two open-market transactions valued at approximately $715,000, as disclosed in the SEC Form 4 filing. Transaction summary Metric Value Shares sold (indirect) 25,000 Transaction value ~$715,000 Post-transaction shares (direct) 16,026 Post-transaction shares (indirect) 100,000 Post-transaction value (direct ownership) ~$459,000 Transaction and post-transaction values based on the SEC Form 4 weighted average price ($28.61). Key questions What portion of Bradley Singer’s ownership did this transaction impact? The 25,000 shares sold represented 17.73% of Singer’s combined direct and indirect holdings before the sale. The 25,000 shares sold represented 17.73% of Singer’s combined direct and indirect holdings before the sale. How does the transaction size compare to Singer’s previous selling activity? The 25,000-share sale is the largest of Singer’s two recent sell transactions, exceeding the prior 15,793-share sale on March 4, 2026, and matching the upper end of his historical sell trade range (15,793–25,000 shares). The 25,000-share sale is the largest of Singer’s two recent sell transactions, exceeding the prior 15,793-share sale on March 4, 2026, and matching the upper end of his historical sell trade range (15,793–25,000 shares). Are there any direct holdings or options affected by this transaction? No direct shares or derivative securities were involved; Singer’s direct holdings remain at 16,026 shares. No direct shares or derivative securities were involved; Singer’s direct holdings remain at 16,026 shares. What is the remaining ownership structure and its significance? After this transaction, Singer continues to hold 16,026 shares directly and 100,000 shares indirectly, maintaining a meaningful equity position in Warby Parker via both personal and trust o...
Daniel Goldberg has spent the past few years hunting for returns in some of Latin America’s most complex markets, from buying Argentine debt to helping finance a bridge over the Panama Canal. Now, the veteran of Farallon Capital Management LLC sees opportunities surfacing in Brazil, where borrowing costs are near a two-decade high and companies grapple with mounting debt loads. At his Lumina Capit...
Daniel Goldberg has spent the past few years hunting for returns in some of Latin America’s most complex markets, from buying Argentine debt to helping finance a bridge over the Panama Canal. Now, the veteran of Farallon Capital Management LLC sees opportunities surfacing in Brazil, where borrowing costs are near a two-decade high and companies grapple with mounting debt loads. At his Lumina Capital Management , which manages over $4 billion, Goldberg has had his eye on sectors including renewable energy, health care, chemicals, software and agribusiness, with much of the focus on more tradable securities. “The opportunity in liquid securities has been as compelling as I have seen in maybe 10 years or more,” Goldberg said in an interview in New York. The Sao Paulo-based firm raised $1.5 billion last year for its Lumina Fund III, and Goldberg — who set up Lumina in 2022 after spending a decade at Farallon — said nearly all of the capital deployed so far has gone into those liquid securities. That marks a shift from the predominantly private transactions pursued earlier by the firm. Brazil’s renewable-energy sector is among Lumina’s biggest themes. Goldberg said the rapid expansion of solar generation, particularly distributed generation, has overwhelmed transmission capacity and increased curtailment risks for power producers. “We’ve been very active in renewable power,” Goldberg said. The convergence of multiple sector-specific credit cycles is creating opportunities as traditional capital providers are unable to absorb demand, he said. Lumina has built a desk to buy agricultural non-performing loans and help farming businesses restructure, Goldberg said. He pointed to higher real rates, increased leverage through tax-exempt agribusiness securitizations and changes in Brazil’s restructuring framework that made it easier for farmers to seek court protection. The firm also sees opportunities emerging in health care, where insurers and hospital operators continue adjus...
(RTTNews) - Following the weakness seen in the previous session, stocks have shown a strong move back to the upside during trading on Wednesday. The major averages have all climbed firmly into positive territory, with the tech-heavy Nasdaq leading the way higher. Currently, the major averages are just off their highs of the session. The Nasdaq is up 297.39 points or 1.2 percent at 26,168.10, the S...
(RTTNews) - Following the weakness seen in the previous session, stocks have shown a strong move back to the upside during trading on Wednesday. The major averages have all climbed firmly into positive territory, with the tech-heavy Nasdaq leading the way higher. Currently, the major averages are just off their highs of the session. The Nasdaq is up 297.39 points or 1.2 percent at 26,168.10, the S&P 500 is up 58.36 points or 0.8 percent at 7,411.97 and the Dow is up 373.25 points or 0.8 percent at 49,737.13. The strength on Wall Street comes amid a significant pullback by treasury yields, which are giving back ground along with the price of crude oil. The yield on the benchmark ten-year note is pulling back off its highest levels in well over a year as U.S. crude oil futures plunge by more than 3 percent. Crude oil futures are extending the modest decrease seen in the previous session after President Donald Trump claimed the U.S. war with Iran will end "very quickly." "We're going to end that war very quickly," Trump told lawmakers gathered at the White House for the annual congressional picnic on Tuesday. "They want to make a deal so badly." "It's going to happen, and it's going to happen fast. And you're going to see oil prices plummet," the president added. Meanwhile, traders are also looking ahead to earnings news from Nvidia (NVDA), with the chipmaker due to report its first quarter results after the close of trading. With Nvidia seen as a leader in the artificial intelligence space, the company's results and guidance could have a significant impact on the outlook for the markets. Sector News Airline stocks have moved sharply higher amid the steep drop by the price of crude oil, with the NYSE Arca Airline Index soaring by 5.8 percent. Substantial strength is also visible among semiconductor stocks, as reflected by the 3.6 percent surge by the Philadelphia Semiconductor Index. Industry giants Advanced Micro Devices (AMD) and Intel (INTC) are posting standout gai...