Thibault Renard/iStock via Getty Images I have covered Kratos Defense & Security Solutions ( KTOS ) before , where I outlined the investment thesis in detail and explained why I considered it slightly overvalued. Since then, Kratos has tumbled nearly 50%, and even since my last article where I upgraded it to a Buy it is down about 20%. The decline was despite reporting a Q1 earnings beat and raisi...
Thibault Renard/iStock via Getty Images I have covered Kratos Defense & Security Solutions ( KTOS ) before , where I outlined the investment thesis in detail and explained why I considered it slightly overvalued. Since then, Kratos has tumbled nearly 50%, and even since my last article where I upgraded it to a Buy it is down about 20%. The decline was despite reporting a Q1 earnings beat and raising guidance. Given this strong quarter and the stock pullback, I am upgrading the rating to strong buy. Background Kratos is a US based defense and aerospace technology company , focused on niche high growth areas and I believe that in a few years will be considered one of the US primes. The company has more than 30 programs and it designs and builds military systems including unmanned drones (notably the Valkyrie tactical UAS), satellite control systems, missile and rocket propulsion, high power microwaves, and it just announced that it are also working on laser weapon systems. Kratos' website In the last article I focused on the huge expected growth for its hypersonic franchise which will increase from $400 million in 2026 to $700 million in 2027 and the Valkyrie ramp up. In the last conference call management outlined new growth drivers which could became significant in the future. The first one is directed energy weapons for counter UAS systems, while they didn’t specify amounts the CEO commented: Kratos has been involved in directed energy weapon systems and laser weapon systems for years and years and years and years and years. We -- I just -- I haven't talked about it. We -- over the past year, internally and tied in with an acquisition we've made, we try to go 1 plus 1 equals 4. And this is a counter UAS system. It's mobile. We're the prime. It's several hundred million. It's going to start ramping next year. It should be very big in '28. And this is an area where probably now that we've won this one, it will open the door for us to win more. Kratos' website There i...
US citizens who were on the Hondius cruise ship hit by a hantavirus outbreak are now being isolated in Nebraska. One person is in a specialized biocontainment unit. Shares of Moderna are rising after the company said it's working on a vaccine. Sam Fazeli of Bloomberg Intelligence has more. (Source: Bloomberg)
US citizens who were on the Hondius cruise ship hit by a hantavirus outbreak are now being isolated in Nebraska. One person is in a specialized biocontainment unit. Shares of Moderna are rising after the company said it's working on a vaccine. Sam Fazeli of Bloomberg Intelligence has more. (Source: Bloomberg)
US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates With the Spring selling season already in tatters , existing home sales were expected to rebound in April very modestly (+2.0% MoM) off recent record lows. However, the rebound was far less than expected, up just 0.2% MoM, which left sales of existing homes unchanged YoY ... Source: Bloomberg Total existing home sales SAAR ho...
US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates With the Spring selling season already in tatters , existing home sales were expected to rebound in April very modestly (+2.0% MoM) off recent record lows. However, the rebound was far less than expected, up just 0.2% MoM, which left sales of existing homes unchanged YoY ... Source: Bloomberg Total existing home sales SAAR hover just above 4.00 million homes... Source: Bloomberg The NAR report showed the median selling price rose 0.9% from a year earlier to $417,700 last month - the highest for any April on record. Source: Bloomberg The inventory of previously owned homes increased from a year ago to 1.47 million - the most for any April since 2019. Source: Bloomberg “Even though it’s the highest inventory post-Covid, we are not close to the pre-Covid April inventory of 1.83 million,” Lawrence Yun, NAR chief economist, said on a call with reporters. Contract closings rose in the Midwest and South, according to the NAR. They fell to a three-month low in the West. Finally, it appears home sales are becoming less and less elastic relative to mortgage rates (which had fallen notably during the period of reporting).. Source: Bloomberg And, as the chart shows, mortgage rates are recently on the rise again...which will not help the situation at all. Tyler Durden Mon, 05/11/2026 - 10:07
Certara (NASDAQ:CERT) reported first-quarter 2026 revenue of $106.9 million, up 1% from the prior-year period, as stronger software performance offset softer services results and the company outlined a strategic reset under Chief Executive Officer Jon Resnick. Resnick, who said he has passed the 10
Certara (NASDAQ:CERT) reported first-quarter 2026 revenue of $106.9 million, up 1% from the prior-year period, as stronger software performance offset softer services results and the company outlined a strategic reset under Chief Executive Officer Jon Resnick. Resnick, who said he has passed the 10
Aurubis (ETR:NDA) reported a stronger second quarter in its 2025/2026 fiscal year and raised its full-year earnings outlook, citing high metal prices, improving recycling markets, healthy copper product demand and stronger sulfuric acid markets. Chief Executive Officer Toralf Ha
Aurubis (ETR:NDA) reported a stronger second quarter in its 2025/2026 fiscal year and raised its full-year earnings outlook, citing high metal prices, improving recycling markets, healthy copper product demand and stronger sulfuric acid markets. Chief Executive Officer Toralf Ha
The short selling industry will be in the spotlight this week when one of its most prominent players goes on trial, accused of using explosive social-media posts about dozens of companies to illegally move their stock and make a quick profit. The US Justice Department’s case against Citron Research founder Andrew Left will zero in on the activities of activist short sellers, who highlight companie...
The short selling industry will be in the spotlight this week when one of its most prominent players goes on trial, accused of using explosive social-media posts about dozens of companies to illegally move their stock and make a quick profit. The US Justice Department’s case against Citron Research founder Andrew Left will zero in on the activities of activist short sellers, who highlight companies they think are overvalued and can profit if the stock goes down. The trial, which begins Monday in Los Angeles, will examine when statements of opinion about a company cross into market manipulation — a thorny topic with potential implications for Wall Street. At the heart of the case will be Left’s tweets, on the platform now called X. Prosecutors say his private communications around the time he was posting his tweets prove that he was telling the public one thing about his trading intentions while allegedly doing the opposite. For his part, Left, 55, has denied misleading investors and contended that his trades didn’t need to be disclosed. His lawyers are likely to argue that the opinions he stated in social media posts fall under the Constitution’s free-speech protections. Frank Zhang, an accounting professor at the Yale School of Management, called the trial “very important” because the case could result in more disclosure requirements and greater scrutiny from the Securities and Exchange Commission, which has also sued Left. “Even if Andrew Left wins the case I still think it’s a negative signal for short sellers,” Zhang said. Left’s 2024 indictment spooked the industry , and many believe a conviction would have an even stronger chilling effect. Some of Left’s biggest competitors have already exited a market that has grown less congenial in ways besides prosecutors’ scrutiny. The charges against Left followed a wide-ranging US probe into how participants in the lightly regulated short selling industry trade. Firms typically build up short positions on companies they...
KKR & Co. is injecting $300 million into a private credit fund it manages with Future Standard, investing $150 million in preferred equity and tender for $150 million of FS KKR Capital Corp. Bruce Douglas reports on Bloomberg Television. (Source: Bloomberg)
KKR & Co. is injecting $300 million into a private credit fund it manages with Future Standard, investing $150 million in preferred equity and tender for $150 million of FS KKR Capital Corp. Bruce Douglas reports on Bloomberg Television. (Source: Bloomberg)
Khanchit Khirisutchalual/iStock via Getty Images By Jonathan Connolly, President and COO, Wealth Advisors Trust Company Impact investing is moving beyond portfolio construction, it is being built into the structure of wealth itself. Impact investing is often framed as a question of allocation. Which sectors to overweight, which managers to select, how to balance financial return with measurable so...
Khanchit Khirisutchalual/iStock via Getty Images By Jonathan Connolly, President and COO, Wealth Advisors Trust Company Impact investing is moving beyond portfolio construction, it is being built into the structure of wealth itself. Impact investing is often framed as a question of allocation. Which sectors to overweight, which managers to select, how to balance financial return with measurable social or environmental outcomes. However, that framing is starting to shift. For a growing number of families and their advisors, the more important question is not what sits inside the portfolio, but what governs it. As generational wealth transitions accelerate, the definition of return is evolving. Financial performance remains central, but it is no longer sufficient on its own. Families are asking whether their capital reflects their values, whether it contributes to outcomes they care about, and whether those intentions will persist beyond a single investment cycle. This is where trust structures, often overlooked in discussions around impact investing, are beginning to play a more central role. Moving Upstream: From Allocation to Architecture Traditional impact strategies operate within the portfolio. Capital is directed toward ESG-focused funds, private investments, or thematic strategies aligned with specific outcomes. That approach works, but it is inherently tactical. Allocations can change. Managers can be replaced. Priorities can shift with market conditions. Trust structures operate at a different level. They define the rules of engagement for capital over time. When impact objectives are embedded at the trust level, they move from preference to mandate. This shift is already visible in North America. For example, the Rockefeller family has embedded mission-aligned investment principles directly into its governance structures, ensuring that ESG and impact considerations guide capital deployment across generations. Similarly, the Ford Foundation’s trust structure...
Federal lawsuit against OpenAI says alleged gunman had extensive conversations with chatbot over months The family of one of two people killed in an April 2025 shooting at Florida State University (FSU) has filed a federal lawsuit against the ChatGPT creator, OpenAI, alleging that the suspected gunman carried out the attack “with input and information provided to him during conversations with Chat...
Federal lawsuit against OpenAI says alleged gunman had extensive conversations with chatbot over months The family of one of two people killed in an April 2025 shooting at Florida State University (FSU) has filed a federal lawsuit against the ChatGPT creator, OpenAI, alleging that the suspected gunman carried out the attack “with input and information provided to him during conversations with ChatGPT over a period of months, and specifically in the days leading up to the shooting”. The lawsuit, first reported by NBC News, was filed on Sunday in Florida’s northern federal district court by Vandana Joshi, the widow of Tiru Chabba. Chabba was killed alongside the university dining director, Robert Morales, in the mass shooting on 17 April 2025 that also wounded five others. Continue reading...