The 2024 winner I Am Maximus heads to Aintree on Saturday as favourite to win again. Here is a look through the chances of all 34 contenders One of two previous winners at the top of the weights, and he backed up his 2024 success by pressing Nick Rockett all the way to the Elbow 12 months ago before finally crying enough. He had shown precious few hints of his National-winning form in two runs pri...
The 2024 winner I Am Maximus heads to Aintree on Saturday as favourite to win again. Here is a look through the chances of all 34 contenders One of two previous winners at the top of the weights, and he backed up his 2024 success by pressing Nick Rockett all the way to the Elbow 12 months ago before finally crying enough. He had shown precious few hints of his National-winning form in two runs prior to that exceptional performance under top weight and has more to recommend him this year, having finished second in a Grade One in December and then fifth in the Irish Gold Cup. In strict handicapping terms, he should probably find one or two too good, but Aintree aptitude is a serious weapon and another podium place is no forlorn hope. Verdict: each-way hope on Aintree form but no top-weight winner since 70s Continue reading...
Michael M. Santiago/Getty Images News Anthropic ( ANTHRO ) revealed Project Glasswing, a cybersecurity initiative that will be built with the capabilities of its most powerful model, Claude Mythos Preview, with help from the most prolific software and security providers. The partners include CrowdStrike ( CRWD ), Palo Alto Networks ( PANW ), Microsoft ( MSFT ), Cisco ( CSCO ), Broadcom ( AVGO ), G...
Michael M. Santiago/Getty Images News Anthropic ( ANTHRO ) revealed Project Glasswing, a cybersecurity initiative that will be built with the capabilities of its most powerful model, Claude Mythos Preview, with help from the most prolific software and security providers. The partners include CrowdStrike ( CRWD ), Palo Alto Networks ( PANW ), Microsoft ( MSFT ), Cisco ( CSCO ), Broadcom ( AVGO ), Google ( GOOG )( GOOGL ), Apple ( AAPL ), Nvidia ( NVDA ), Amazon ( AMZN ), JPMorganChase ( JPM ), and the Linux Foundation. The capabilities of the new model have demonstrated that " AI models have reached a level of coding capability where they can surpass all but the most skilled humans at finding and exploiting software vulnerabilities," Anthropic said. "Mythos Preview has already found thousands of high-severity vulnerabilities, including some in every major operating system and web browser ," Anthropic said. "Given the rate of AI progress, it will not be long before such capabilities proliferate, potentially beyond actors who are committed to deploying them safely. The fallout—for economies, public safety, and national security—could be severe. Project Glasswing is an urgent attempt to put these capabilities to work for defensive purposes." For cybersecurity companies, the initiative shows that these firms remain more necessary than ever in the era of artificial intelligence, according to analysts. "We believe that pressure will be alleviated off Palo Alto Networks and CrowdStrike, which remain our top cybersecurity picks, as these companies are now seen as primary cyber defense names that are keeping up with the AI model advancements," said Wedbush analysts in a Wednesday morning investor report. "We believe the cyber stalwarts with the right AI product portfolios, like CRWD & PANW, are in the driver's seat to monetize this new world of agents/threats/infrastructure over the coming years. We estimate that cybersecurity represents roughly 5% of IT budgets and will like...
stockcam/iStock Unreleased via Getty Images Investment Thesis Snap Inc. ( SNAP ) recently had a substantial setback with its stock price due to massive stock-based compensation (SBC) and Specs cash burn, which has sent the stock down well below its historical average. The market's disappointment has not only driven down its stock price but also pushed implied volatility (IV) of options to high lev...
stockcam/iStock Unreleased via Getty Images Investment Thesis Snap Inc. ( SNAP ) recently had a substantial setback with its stock price due to massive stock-based compensation (SBC) and Specs cash burn, which has sent the stock down well below its historical average. The market's disappointment has not only driven down its stock price but also pushed implied volatility (IV) of options to high levels. However, investors ignore the fact that Snap is a special asset. It can be a highly profitable company if it changes. Furthermore, if the stock price falls excessively to current levels, change is inevitable. The management has acknowledged this and taken action, taking a step to establish Specs as a distinct subsidiary within Snap Inc. in Feb. 2026. This situation has attracted me to try to create an options strategy with a very thick safety margin and an annualized return of up to 21%. In the following analysis, I will delve into the underlying logic behind this trade. Business Overview Snap includes two business units: Snapchat and Specs. SNAPCHAT Snapchat is a very good and popular product, as highlighted by Irenic Capital in their “ Snap Back to Reality ” presentation. Advantages of Snapchat include: 1 of only 4 scaled U.S. social networks. ~1bn MAUs and 474mm DAUs—huge, irreplaceable scale. $6 billion in revenue, growing 10%+ YoY. $1 billion in subscription revenues, growing 60%+ YoY. Unique ability to captivate user attention and media trends. Proprietary data assets and advertising stack—one of the few “walled gardens.” The current price of Snap is $4.63, implying that TEV is only $8.4 billion and the TEV-to-sales ratio is 1.4x. Compared to its competitors, it is extremely undervalued (Reddit is 6.6x, Meta is 5.2x, and Pinterest is 2.0x), which is the consensus in the market. These undeniable facts form the basis for all the following discussion. TEV-to-Sales comparison (Irenic Capital: Snap back to reality) Specs Specs is another story. On the one hand, it is ...
Catherine Delahaye/DigitalVision via Getty Images Thesis Telix Pharmaceuticals Limited ( TLX ) reported some quite strong Q1 '26 results this week. Revenue hit $230 million, up about 24% year-over-year, with some very good continued growth in their commercial imaging portfolio. This performance just slightly exceeded market expectations, and we saw a nice upward swing in the share price as a resul...
Catherine Delahaye/DigitalVision via Getty Images Thesis Telix Pharmaceuticals Limited ( TLX ) reported some quite strong Q1 '26 results this week. Revenue hit $230 million, up about 24% year-over-year, with some very good continued growth in their commercial imaging portfolio. This performance just slightly exceeded market expectations, and we saw a nice upward swing in the share price as a result. We also saw the company reaffirm that FY26 revenue guidance range of $950 to $970 million. This sits a bit above consensus estimates of around $943 million. Elsewhere, Telix maintained its planned R&D investment of between $200 and $240 million. So we can expect some milestones in the near term to come from that pipeline, while still benefiting from a full-year contribution from its RLS acquisition. Q1 '26 Telix had a pretty solid start to 2026. Q1 '26 revenue managed to hit $230 million, about 24% year-over-year growth and an 11% jump since last quarter-over-quarter. We can put this mainly down to their Precision Medicine segment, which brought in a hefty $186 million in revenue, up about 23% and 16% since last year and since last quarter, respectively. So, there’s clearly some strong demand for their PSMA imaging products, particularly Illuccix and Gozellix. There have also been some external pressures, such as severe North American weather, so this goes to show some good resilience in their distribution model. Elsewhere, Telix Manufacturing Solutions contributed about $44 million, which was steady year-over-year growth but actually flattened a bit, which would suggest that near-term upside here is more tied to the core Precision Medicine business. Telix Pharmaceuticals Limited As for the broader strategic trajectory, I think things are still on track. Particularly, the near-$1 billion full-year revenue guidance that’s unchanged at $950 to $970 million. So it would seem that management is still pretty confident in continued commercial momentum and stable pricing dynami...
Implementation of the Online Safety Act has just got going, leaving ex-chair of Channel 4 with a huge task on his hands UK politics live – latest updates Ian Cheshire’s Ofcom in-tray is big. It is available online under the regulator’s plan for 2026-27 and covers an array of industries: telecoms, broadband, the postal service, media and the online world. It is the latter that it going to dominate ...
Implementation of the Online Safety Act has just got going, leaving ex-chair of Channel 4 with a huge task on his hands UK politics live – latest updates Ian Cheshire’s Ofcom in-tray is big. It is available online under the regulator’s plan for 2026-27 and covers an array of industries: telecoms, broadband, the postal service, media and the online world. It is the latter that it going to dominate his tenure. Ofcom oversees the Online Safety Act, the legislation that regulates social media in the UK. Much is expected of the act from internet safety campaigners, and a bit less from freedom of speech advocates, which leaves Cheshire in a difficult place. Continue reading...
As the United States and Iran agree to a two-week ceasefire, Pakistan’s strongman military chief is emerging as a major diplomatic player on the international stage. When announcing the truce, both US President Donald Trump and Iranian Foreign Minister Abbas Araghchi expressed appreciation for the diplomatic efforts of Asim Munir. Munir, who last year became Pakistan’s first ever chief of defence ...
As the United States and Iran agree to a two-week ceasefire, Pakistan’s strongman military chief is emerging as a major diplomatic player on the international stage. When announcing the truce, both US President Donald Trump and Iranian Foreign Minister Abbas Araghchi expressed appreciation for the diplomatic efforts of Asim Munir. Munir, who last year became Pakistan’s first ever chief of defence forces, is widely seen as the most powerful man in the country. According to one prominent Chinese...
vchal/iStock via Getty Images Uranium Energy ( UEC ) up 7.5% pre-market Wednesday after saying it received approval from the Texas Commission on Environmental Quality and commenced production at its Burke Hollow project, the first new U.S. in-situ recovery operation in more than a decade. The company now operates two active ISR platforms in the U.S. following recent capacity expansion approvals at...
vchal/iStock via Getty Images Uranium Energy ( UEC ) up 7.5% pre-market Wednesday after saying it received approval from the Texas Commission on Environmental Quality and commenced production at its Burke Hollow project, the first new U.S. in-situ recovery operation in more than a decade. The company now operates two active ISR platforms in the U.S. following recent capacity expansion approvals at its Christensen Ranch facility in Wyoming. Production from Burke Hollow will be processed at the Hobson Central Processing Plant, which holds a license to produce up to 4M lbs/year of uranium . " With two ISR operations now producing and our Ludeman ISR project planned for startup in 2027, we are building a scalable, multi-faceted platform supported by the largest uranium resource base in the United States," Uranium Energy ( UEC ) President and CEO Amir Adnani said. More on Uranium Energy Commodity Prices Improve, But Uranium Energy's Dilution Problems Continue To Mount Uranium Energy: Nuanced Potential For 2026 Uranium Energy Q2 2026 Earnings Call Presentation
A fire services company never conducted any on-site inspections before submitting 85 notices to shut down the hose reel system of a housing estate hit by Hong Kong’s deadliest blaze in decades, conceding that it acted as a “rubber stamp” to handle paperwork for the renovation contractor, an evidential hearing has been told. Separate testimony from a Fire Services Department official also noted tha...
A fire services company never conducted any on-site inspections before submitting 85 notices to shut down the hose reel system of a housing estate hit by Hong Kong’s deadliest blaze in decades, conceding that it acted as a “rubber stamp” to handle paperwork for the renovation contractor, an evidential hearing has been told. Separate testimony from a Fire Services Department official also noted that another contractor had failed to notify authorities after discovering that Wang Fuk Court’s fire...
Securitize announced Currenc Group ( CURR ) has tokenized its ordinary shares on both Ethereum and Solana. Tokenized shares aim to enable 24/7 trading, lower transaction costs, fractional ownership, and integration with decentralized finance systems. The company also proposed a reverse merger with Animoca Brands. Cantor Equity Partners II ( CEPT ) is planning a proposed business combination with S...
Securitize announced Currenc Group ( CURR ) has tokenized its ordinary shares on both Ethereum and Solana. Tokenized shares aim to enable 24/7 trading, lower transaction costs, fractional ownership, and integration with decentralized finance systems. The company also proposed a reverse merger with Animoca Brands. Cantor Equity Partners II ( CEPT ) is planning a proposed business combination with Securitize. More on Currenc Currenc Group receives Nasdaq notice over annual meeting compliance Financial information for Currenc
KNOT Offshore Partners ( KNOP ) declares $0.05/share quarterly dividend , in line with previous. Forward yield 1.99% Payable May 14; for shareholders of record April 27; ex-div April 27. See KNOP Dividend Scorecard, Yield Chart, & Dividend Growth. More on KNOT Offshore Partners Knot Offshore Partners LP Common: Focus On The Expected Recovery KNOT Offshore Partners LP Common Units (KNOP) Q4 2025 Ea...
KNOT Offshore Partners ( KNOP ) declares $0.05/share quarterly dividend , in line with previous. Forward yield 1.99% Payable May 14; for shareholders of record April 27; ex-div April 27. See KNOP Dividend Scorecard, Yield Chart, & Dividend Growth. More on KNOT Offshore Partners Knot Offshore Partners LP Common: Focus On The Expected Recovery KNOT Offshore Partners LP Common Units (KNOP) Q4 2025 Earnings Call Transcript KNOT Offshore Partners LP Common Units 2025 Q4 - Results - Earnings Call Presentation KNOT Offshore Partners reports Q4 results SA analyst upgrades/downgrades: NVDA, OKLO, KNOP, WULF
Greggory DiSalvo/iStock Editorial via Getty Images If you remember, I advised you not to do anything after Target Corporation ( TGT ) rose and delivered 12% returns in my previous coverage . I admit that I spoke both as an analyst and as an investor in this company as I suggested to existing investors not to sell their shares and to newcomers not to touch TGT yet. My view of its valuation paid off...
Greggory DiSalvo/iStock Editorial via Getty Images If you remember, I advised you not to do anything after Target Corporation ( TGT ) rose and delivered 12% returns in my previous coverage . I admit that I spoke both as an analyst and as an investor in this company as I suggested to existing investors not to sell their shares and to newcomers not to touch TGT yet. My view of its valuation paid off as the price reached my target price using the Dividend Discount Model. But of course, I realized I was a bit too early to downgrade it. And now that the market is becoming more volatile amid riskier external factors, I believe that it's essential to revisit this stock. Valuation and technicals now appear more synchronized as upside potential now appears limited. Target: Some Strengths Amid Challenges Macroeconomic volatility has remained intense in recent months. Although inflation has slowed down, it remains above the 2.0% Fed target. In addition, stubborn inflation means prices are still increasing. So, this also continues to squeeze purchasing power as well as pricing flexibility of businesses. Retailers like Target Corporation are not safe from these headwinds. If you look back to my previous coverages, it has experienced softer demand in many of its products/niches. Even in its most recent performance, the negative impact of softer discretionary spending was evident. In Q4 2025, its sales amounted to $30.4B, down by 1.5% YoY from $30.9B. This YoY decrease was the same as in my previous coverage, which means that TGT continued to grapple with sales recovery. The percentage decrease may only be a single digit, but $500M was still crucial for the company. The consolation is that this was slightly better than in H1 2025, as sales dropped by 1.9%. This can tell us that TGT was able to cope better with softer market conditions. If you look at its sales per segment, beauty and food and beverage increased, which partially offset the weakness in other product categories. Its ...