Conduent ( CNDT ) announced on Thursday that it has entered into a definitive agreement to sell its public transit business, an operating unit of Conduent Transportation, to Modaxo for $164M. Shares of Conduent jumped over 12% in extended trading on Thursday. The companies expect the transaction to close before the end of 2026. With global operations, the public transit business offers fare collec...
Conduent ( CNDT ) announced on Thursday that it has entered into a definitive agreement to sell its public transit business, an operating unit of Conduent Transportation, to Modaxo for $164M. Shares of Conduent jumped over 12% in extended trading on Thursday. The companies expect the transaction to close before the end of 2026. With global operations, the public transit business offers fare collection systems, fleet management systems, payment and revenue management platforms, and other hardware‑enabled mobility systems, the company said. Conduent Transportation’s remaining tolling business provides mission‑critical technology that enables all‑electronic tolling, roadside and back‑office processing, image review, violation enforcement, and analytics. It supports beyond 14M tolling transactions per day, the company added. “This transaction advances our strategy to simplify the portfolio, sharpen focus on our core businesses, and strengthen our financial foundation. Consistent with the disciplined execution outlined in Q1, it further positions Conduent to deliver sustainable, long-term value for our shareholders, clients, and employees,” said Harsha V. Agadi , Conduent President and Chief Executive Officer. “Modaxo’s technology focus makes it a strong strategic fit for the public transit business and those it serves. We remain committed to delivering outstanding quality and performance for our transportation clients as we prepare for closing and ensure a seamless transition for clients and employees.” More on Conduent Conduent Incorporated 2026 Q1 - Results - Earnings Call Presentation Conduent Incorporated (CNDT) Shareholder/Analyst Call Prepared Remarks Transcript Conduent Incorporated (CNDT) Q1 2026 Earnings Call Transcript Conduent outlines $100M cost reduction plan over 18 months while targeting $2.8B-$2.9B 2026 revenue Conduent Non-GAAP EPS of -$0.07 beats by $0.12, revenue of $723M misses by $23.5M
Four Corners Property Trust ( FCPT ) said on Thursday it acquired a Gerber Collision property in North Carolina for $3.5 million. The company said the corporate-operated property is subject to a triple net lease with about eight years remaining on the term. FCPT said the transaction was priced at a 7.5% capitalization rate on rent as of the closing date, including rent credits received at closing ...
Four Corners Property Trust ( FCPT ) said on Thursday it acquired a Gerber Collision property in North Carolina for $3.5 million. The company said the corporate-operated property is subject to a triple net lease with about eight years remaining on the term. FCPT said the transaction was priced at a 7.5% capitalization rate on rent as of the closing date, including rent credits received at closing and excluding transaction costs. Source: Press Release More on Four Corners Property Trust Four Corners Property Trust: This REIT's Growth Story Advances Despite Macro Uncertainty FCPT signals $200M term loan deployment through Q3 as it targets 5.4x run-rate leverage Four Corners Property Trust Q1 2026 Earnings Preview
Take-Two Interactive (TTWO) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this publisher of "Grand Theft Auto" and other video ga...
Take-Two Interactive (TTWO) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this publisher of "Grand Theft Auto" and other video games would post earnings of $0.88 per share when it actually produced earnings of $0.93, delivering a surprise of 5.68%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Take-Two , which belongs to the Zacks Toys - Games - Hobbies industry, posted revenues of $1.39 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 4%. This compares to year-ago revenues of $845.78 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Take-Two shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 7%. What's Next for Take-Two? While Take-Two has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earn...
Expand NYSE : IONQ IonQ Today's Change ( 12.52 %) $ 6.57 Current Price $ 59.04 Key Data Points Market Cap $20B Day's Range $ 53.97 - $ 61.12 52wk Range $ 25.89 - $ 84.64 Volume 3M Avg Vol 28.6M Gross Margin -2879.52 % IonQ (IONQ +12.52%), a developer of trapped-ion quantum computing systems, closed Thursday at $58.89, up 12.24%. The stock moved higher after enthusiasm over a new $2 billion U.S. qu...
Expand NYSE : IONQ IonQ Today's Change ( 12.52 %) $ 6.57 Current Price $ 59.04 Key Data Points Market Cap $20B Day's Range $ 53.97 - $ 61.12 52wk Range $ 25.89 - $ 84.64 Volume 3M Avg Vol 28.6M Gross Margin -2879.52 % IonQ (IONQ +12.52%), a developer of trapped-ion quantum computing systems, closed Thursday at $58.89, up 12.24%. The stock moved higher after enthusiasm over a new $2 billion U.S. quantum funding plan and IonQ’s record Q1 results, and investors are watching how sustained demand and government support shape long-term quantum adoption. The company’s trading volume reached 57.7 million shares, which is about 103% above compared with its three-month average of 28.3 million shares. IonQ went public in 2021 and has grown 445% since its IPO. How the markets moved today The S&P 500 (^GSPC +0.17%) inched up 0.17% to 7,445.72, while the Nasdaq Composite (^IXIC +0.09%) added 0.09% to finish at 26,293.10. Within quantum computing, industry peers D-Wave Quantum (QBTS +33.32%) closed at $25.74 (+33.37%) and Rigetti Computing (RGTI +30.60%) finished at $22.04 (+30.57%) as investors rotated back into high-growth quantum names. What this means for investors IonQ shares climbed along with other quantum-computing stocks after news of a $2 billion U.S. government funding plan for the industry, even though IonQ was not listed as a direct recipient. This news sparked fresh interest in quantum companies overall, while IonQ’s recent results gave investors specific growth figures to consider alongside the broader sector rally. IonQ posted record first-quarter revenue of $64.7 million, raised its 2026 revenue outlook to between $260 million and $270 million, and increased its remaining performance obligations to about $470 million. Investors will be watching to see if IonQ turns that backlog into revenue and completes its planned SkyWater acquisition, which would give it more control over semiconductor manufacturing and packaging for its quantum hardware.
KULR Technology ( KULR ) announced on Thursday that CFO Shawn Canter resigned from his role and all affiliated positions, effective May 22, 2026. The company signed a separation agreement with Canter on May 21, 2026. The company said Shawn Canter may also assist the company in future legal, HR, or investigation-related matters and will be paid $300 per hour plus expenses for such cooperation. Sour...
KULR Technology ( KULR ) announced on Thursday that CFO Shawn Canter resigned from his role and all affiliated positions, effective May 22, 2026. The company signed a separation agreement with Canter on May 21, 2026. The company said Shawn Canter may also assist the company in future legal, HR, or investigation-related matters and will be paid $300 per hour plus expenses for such cooperation. Source: SEC Filing More on KULR Technology KULR Technology Group, Inc. (KULR) Q1 2026 Earnings Call Transcript KULR Technology: Dismal Quarter, But Reiterating Hold After Recent Bitcoin Selloff KULR Technology Group, Inc. (KULR) Q4 2025 Earnings Call Transcript KULR targets 10,000 battery packs per month in H2 2026 while scaling Texas manufacturing BitFuFu sees lowest short interest in April among small and microcap firms
Elon Musk’s SpaceX has highlighted AI as the tentpole of the company’s future, projecting a multi-trillion-dollar market opportunity that rivals the total value of all US economic activity. But the company must first win over customers who generally favor AI models from competitors such as OpenAI and Anthropic. SpaceX described its traditional space launch and satellite business as playing a suppo...
Elon Musk’s SpaceX has highlighted AI as the tentpole of the company’s future, projecting a multi-trillion-dollar market opportunity that rivals the total value of all US economic activity. But the company must first win over customers who generally favor AI models from competitors such as OpenAI and Anthropic. SpaceX described its traditional space launch and satellite business as playing a supporting role to its fledgling AI business in financial disclosures that preceded an expected initial public offering of company stock. That stems from SpaceX having formally acquired Musk’s company xAI earlier this year—the SpaceXAI division now oversees the Grok AI models and the associated Grok chatbot previously developed by xAI. The SpaceX S-1 filing claimed that the company has “the largest actionable total addressable market in human history” and highlighted AI as representing most of that opportunity at an estimated $26.5 trillion market—a number that comes close to rivaling US nominal GDP that stood at nearly $32 trillion in the first quarter of 2026. Read full article Comments
Image source: The Motley Fool. Thursday, May 21, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Aneel Bhusri President, Product and Technology — Gerrit Kazmaier President and Chief Commercial Officer — Rob Enslin Chief Financial Officer — Zane C. Rowe Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Subscription Revenue -- $2.354 billion, an increase of ...
Image source: The Motley Fool. Thursday, May 21, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Aneel Bhusri President, Product and Technology — Gerrit Kazmaier President and Chief Commercial Officer — Rob Enslin Chief Financial Officer — Zane C. Rowe Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Subscription Revenue -- $2.354 billion, an increase of 14% driven primarily by customer expansion and AI solutions. -- $2.354 billion, an increase of 14% driven primarily by customer expansion and AI solutions. Professional Services Revenue -- $188 million resulted in total revenue of $2.542 billion, representing 13% growth. -- $188 million resulted in total revenue of $2.542 billion, representing 13% growth. US Revenue -- $1.89 billion, up 13%; International Revenue -- $649 million, up 16%. -- $1.89 billion, up 13%; -- $649 million, up 16%. 12-Month Subscription Revenue Backlog (CRPO) -- $8.81 billion, growing 15.5%, propelled by increased customer expansion and new customer additions. -- $8.81 billion, growing 15.5%, propelled by increased customer expansion and new customer additions. Total Subscription Revenue Backlog -- $27.29 billion, up 11%. -- $27.29 billion, up 11%. Gross Revenue Retention -- 97% for the quarter, indicating stable customer loyalty. -- 97% for the quarter, indicating stable customer loyalty. Non-GAAP Operating Income -- $809 million, resulting in a 31.8% non-GAAP operating margin, attributed to revenue outperformance and favorable spend. -- $809 million, resulting in a 31.8% non-GAAP operating margin, attributed to revenue outperformance and favorable spend. Operating Cash Flow -- $696 million, up 52%. -- $696 million, up 52%. Free Cash Flow -- $616 million, reflecting 46% growth and alignment with management expectations. -- $616 million, reflecting 46% growth and alignment with management expectations. Share Repurchases -- $1.6 billion of stock repurchased during the quarter, with $1.3 billion in rema...
Key Points B Group bought 67,500 shares of Bright Minds Biosciences in the first quarter. The quarter-end value of the new stake was $4.93 million. Transaction value equates to 4% of B Group, Inc.’s reportable U.S. equity assets The new position, while notable, places Bright Minds Biosciences outside the fund’s top five holdings. 10 stocks we like better than Bright Minds Biosciences › B Group, In...
Key Points B Group bought 67,500 shares of Bright Minds Biosciences in the first quarter. The quarter-end value of the new stake was $4.93 million. Transaction value equates to 4% of B Group, Inc.’s reportable U.S. equity assets The new position, while notable, places Bright Minds Biosciences outside the fund’s top five holdings. 10 stocks we like better than Bright Minds Biosciences › B Group, Inc. disclosed a new stake in Bright Minds Biosciences (NASDAQ:DRUG) in its May 15, 2026, SEC filing, acquiring 67,500 shares—an estimated $5.43 million trade based on quarterly average pricing. What happened According to a May 15, 2026, SEC filing, B Group, Inc. initiated a new position in Bright Minds Biosciences, purchasing 67,500 shares. The estimated transaction value is $5.43 million, calculated using the average closing price for the first quarter of 2026. The value of the stake at quarter-end was $4.93 million, a figure that includes both share purchases and movement in the company’s stock price during the period. What else to know This is a new position for B Group, Inc., representing roughly 4% of reportable AUM as of March 31, 2026. Top five holdings after the filing: NASDAQ: ADMA: $28.90 million (21.4% of AUM) NASDAQ: PALI: $19.97 million (14.8% of AUM) NASDAQ: PRAX: $10.71 million (7.9% of AUM) NASDAQ: CLLS: $10.40 million (7.7% of AUM) NASDAQ: ZLAB: $8.48 million (6.3% of AUM) As of Thursday, Bright Minds Biosciences shares were priced at $83.24, up nearly 175% over the past year and well outperforming the S&P 500, which is instead up about 25%. Company Overview Metric Value Price (as of market close May 14, 2026) $83.24 Market Capitalization $815 million Net Income (TTM) ($19.8 million) Company Snapshot DRUG develops selective 5-HT receptor agonists targeting epilepsy, pain, and neuropsychiatric disorders, with a portfolio focused on 5-HT2C, 5-HT2A, and 5-HT2C/A compounds. The firm operates a pre-clinical biotechnology model, generating value through research c...
By Mike Scarcella WASHINGTON, May 21 (Reuters) - Apple asked the U.S. Supreme Court on Thursday to review a lower court ruling that held the iPhone maker in civil contempt over fees it was charging on some outside purchases made by customers of its App Store. The petition to the Supreme Court escalates a years-long legal battle with “Fortnite” video game maker Epic Games, which sued Apple in 20...
By Mike Scarcella WASHINGTON, May 21 (Reuters) - Apple asked the U.S. Supreme Court on Thursday to review a lower court ruling that held the iPhone maker in civil contempt over fees it was charging on some outside purchases made by customers of its App Store. The petition to the Supreme Court escalates a years-long legal battle with “Fortnite” video game maker Epic Games, which sued Apple in 2020 seeking to loosen its control over transactions in applications that use the company's iOS operating system and its restrictions on how apps are distributed to consumers. A judge mostly dismissed Epic's lawsuit but issued an injunction in 2021 requiring Apple to let developers include links in their apps directing users to non-Apple payment methods. Apple allowed the links but adopted new restrictions, including a 27% commission on developers for purchases made on payment systems outside the App Store within seven days of clicking a link. Epic argued that the new 27% commission flouted the earlier injunction. In 2025, the judge found Apple in civil contempt for violating the injunction. Apple urged the justices on Thursday to take up two legal issues. It said the injunction should not apply to millions of developers, since Epic is the only plaintiff and the case is not a class action. Apple also contends it cannot be held in contempt for allegedly violating the "spirit" of an injunction that did not explicitly prohibit the conduct in question. Apple has denied any wrongdoing. Epic Games did not immediately respond to a request for comment. The 9th U.S. Circuit Court of Appeals in December upheld the contempt finding but said Apple could make new arguments in the trial court about what commission it should be allowed to charge for digital goods bought in apps distributed through the App Store but paid for using third-party payment systems. (Reporting by Mike Scarcella; Editing by David Bario and Bill Berkrot)
Morgan Stanley (MS) closed the most recent trading day at $97.57, moving +0.55% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.03%. Shares of the investment bank witnessed a loss of 3.28% over the previous month, trailing the perfor...
Morgan Stanley (MS) closed the most recent trading day at $97.57, moving +0.55% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.03%. Shares of the investment bank witnessed a loss of 3.28% over the previous month, trailing the performance of the Finance sector with its loss of 2.3% and the S&P 500's gain of 3.34%. Investors will be eagerly watching for the performance of Morgan Stanley in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 16, 2024. It is anticipated that the company will report an EPS of $1.66, marking a 33.87% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.28 billion, up 6.09% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.83 per share and revenue of $57.84 billion. These totals would mark changes of +25.09% and +6.82%, respectively, from last year. Investors should also take note of any recent adjustments to analyst estimates for Morgan Stanley. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days...
Ecopetrol (EC) closed at $13.86 in the latest trading session, marking a +1.02% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq increased by 0.09%. Shares of the oil and natural gas exploration company witnessed a loss of 4.19% over the previous month, trailing the ...
Ecopetrol (EC) closed at $13.86 in the latest trading session, marking a +1.02% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq increased by 0.09%. Shares of the oil and natural gas exploration company witnessed a loss of 4.19% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 5.67%, and the S&P 500's gain of 4.59%. The investment community will be closely monitoring the performance of Ecopetrol in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.52, reflecting a 44.44% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.7 billion, up 2.66% from the year-ago period. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.37 per share and a revenue of $34.36 billion, indicating changes of 0% and +43.53%, respectively, from the former year. It's also important for investors to be aware of any recent modifications to analyst estimates for Ecopetrol. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 26.47% upward. Currently, Ecopetrol is carrying a Zacks Rank of #1 (Strong Buy). With re...
Archon Capital Management opened a new position in Satellogic (SATL 0.82%), acquiring 1,647,687 shares in the first quarter for an estimated $6.07 million based on quarterly average pricing, according to a May 14, 2026, SEC filing. What happened According to an SEC filing dated May 14, 2026, Archon Capital Management reported a new position in Satellogic, acquiring 1,647,687 shares during the firs...
Archon Capital Management opened a new position in Satellogic (SATL 0.82%), acquiring 1,647,687 shares in the first quarter for an estimated $6.07 million based on quarterly average pricing, according to a May 14, 2026, SEC filing. What happened According to an SEC filing dated May 14, 2026, Archon Capital Management reported a new position in Satellogic, acquiring 1,647,687 shares during the first quarter. The estimated transaction value was $6.07 million, calculated using the average closing price for the period. The stake was valued at $8.96 million at quarter-end, reflecting both the purchase and subsequent stock price changes. What else to know This was a new position for the fund, representing 5.1% of 13F reportable assets under management after the trade. Top holdings after the filing: NASDAQ: BAND: $10.39 million (5.9% of AUM) NASDAQ: APYX: $10.30 million (5.8% of AUM) NYSE: SVV: $9.65 million (5.5% of AUM) NASDAQ: BRZE: $9.51 million (5.4% of AUM) NASDAQ: OMDA: $9.11 million (5.1% of AUM) As of Thursday, Satellogic shares were priced at $9.64, up about 155% over the past year and well outperforming the S&P 500, which is instead up about 27%. Company Overview Metric Value Price (as of Thursday) $9.64 Market Capitalization $1.4 billion Revenue (TTM) $20.43 million Net Income (TTM) ($90.50 million) Company Snapshot Satellogic Inc. designs, builds, and operates nano satellites to provide real-time Earth observation data streams for commercial and government applications. The company generates revenue by offering satellite imagery and analytics services, enabling clients to access high-frequency, high-resolution data for decision-making. Primary customers include government agencies, enterprises in agriculture, infrastructure, energy, and organizations requiring geospatial intelligence for monitoring and security. Satellogic Inc. operates a constellation of nano satellites enabling Earth observation solutions. The company delivers high-resolution imagery and ana...
monsitj/iStock via Getty Images Gold futures held steady for the second straight session Thursday, as hopes for a U.S.-Iran ceasefire deal eased worries that central banks may need to keep interest rates higher for longer to tamp down inflation. Gold settled just below $4,540/oz, reversing an earlier decline of as much as 1.2%, as Secretary of State Rubio noted "some good signs" of a peace agreeme...
monsitj/iStock via Getty Images Gold futures held steady for the second straight session Thursday, as hopes for a U.S.-Iran ceasefire deal eased worries that central banks may need to keep interest rates higher for longer to tamp down inflation. Gold settled just below $4,540/oz, reversing an earlier decline of as much as 1.2%, as Secretary of State Rubio noted "some good signs" of a peace agreement with Iran, sending oil prices lower after rising early as much as 3%, and yields reversed course to trade down. Market watchers said gold likely would need to see a significant easing in oil-driven inflation pressures or fresh evidence that slowing growth risks are beginning to outweigh inflation concerns to regain upward momentum. "Oil down and the dollar retreating from a six-week high should bode well for gold in the short term here," Zaner Metals senior metals strategist Peter Grant said in a note, adding that the gold trade is "probably going to be a bit cautious here initially. We've seen [Iran peace] agreements sort of fall apart." Gold has declined 14% since the war started in late February, which has disrupted maritime traffic through the Strait of Hormuz, lifting energy prices and sparking inflation concerns. Front-month Comex gold ( XAUUSD:CUR ) for May delivery edged up 0.2% to $4,539.80/oz, and front-month Comex May silver ( XAGUSD:CUR ) added 0.7% to $76.414/oz. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GLDM ), ( AAAU ), ( SGOL ), ( DUST ), ( RING ), ( BAR ), ( OUNZ ), ( SGDM ), ( SGDJ ), ( SLV ), ( PSLV ), ( SIVR ), ( SIL ), ( SILJ ) More on gold and silver GDX: Making Sense Of Gold Miners' Lagging Performance Silver And Gold Outlook - Metals Suffer From Their Upside Fake-Out Gold Miners With High Upside Potential
Peace Acquisition ( PECE ) on Thursday said it priced its initial public offering of 6 million units at $10 apiece, raising $60 million. The company said its units are expected to begin trading on the Nasdaq Capital Market on May 22 under the symbol “PECEU.” Each unit consists of one ordinary share, one right tied to the completion of an initial business combination, and one warrant exercisable at...
Peace Acquisition ( PECE ) on Thursday said it priced its initial public offering of 6 million units at $10 apiece, raising $60 million. The company said its units are expected to begin trading on the Nasdaq Capital Market on May 22 under the symbol “PECEU.” Each unit consists of one ordinary share, one right tied to the completion of an initial business combination, and one warrant exercisable at $11.50 per share, the company said. Peace Acquisition said it intends to focus on acquisition targets across Asia, excluding entities based in or primarily operating in mainland China, Hong Kong, or Macau. EarlyBirdCapital is acting as the book-running manager for the offering, which includes a 45-day option for underwriters to purchase up to an additional 900,000 units to cover over-allotments. Source: Press Release More on Peace Acquisition Corp, Peace Acquisition Corp Financial information for Peace Acquisition Corp Financial information for Peace Acquisition Corp
Bambu Productions/DigitalVision via Getty Images Yes, your intuition is 100% right: the AI data center power infrastructure theme is anything but a deep value, undiscovered pocket of the market. As you will see in this piece, this theme is crowded, there is a lot of retail participation, valuations are in grotesquely overvalued territory, and most of the pure plays don't have a U.S. listing. So, w...
Bambu Productions/DigitalVision via Getty Images Yes, your intuition is 100% right: the AI data center power infrastructure theme is anything but a deep value, undiscovered pocket of the market. As you will see in this piece, this theme is crowded, there is a lot of retail participation, valuations are in grotesquely overvalued territory, and most of the pure plays don't have a U.S. listing. So, why waste your time with a 4k+ word article? Well, as I was doing research, I was increasingly concerned that it would end up as another academic exercise (similar to my photonics piece). What changed my mind was an FT article published last month: Financial Times | Published on Apr 17 2026 According to the piece, it seems that almost 40% of U.S. data center projects due this year are at risk of falling behind schedule. Notably, it seems that major projects for Microsoft and OpenAI could miss their scheduled completion dates by more than three months. The culprit? Labor shortages, power, equipment, and permitting hurdles. Let’s assume the report is directionally correct and assume there may be some data center delays later this year. In this case, hyperscalers may be pressured to do the same thing CoreWeave did in Q3 2025: push their CapEx plans to the right (i.e., next year) and downgrade their EPS and/or revenue forecasts. In my view, if this risk materializes and there is a big rotation out of hyperscaler names, the AI data center power infrastructure theme could see a lift similar to what memory is seeing today. Yes, the stocks in this theme are already up, but that alone does not mean we are at peak cycle or that the music is about to stop. In my view, even if the data center delay risk doesn't materialize this year, as long as there is a demand-supply imbalance in transformers and MV switchgear, I believe the cycle can stay stronger for longer than many investors expect. I own exposure across several parts of the chain, including GE Vernova, Forgent, Vertiv, nVent, Pow...
Wengen Ling/iStock via Getty Images VanEck Uranium and Nuclear ETF ( NLR ) is an exchange-traded fund focused on companies involved across the nuclear energy ecosystem, including uranium mining, nuclear utilities, reactor infrastructure, engineering, and advanced nuclear technologies. It is not a pure-play uranium mining ETF, as the fund provides more diversified exposure to the broader nuclear po...
Wengen Ling/iStock via Getty Images VanEck Uranium and Nuclear ETF ( NLR ) is an exchange-traded fund focused on companies involved across the nuclear energy ecosystem, including uranium mining, nuclear utilities, reactor infrastructure, engineering, and advanced nuclear technologies. It is not a pure-play uranium mining ETF, as the fund provides more diversified exposure to the broader nuclear power industry. NLR has plateaued more in the last 6 months or so but has seen a nice overall run over the last 14-month ballpark, up 46%. Seeking Alpha The industry has held a strong position with the world increasingly viewing nuclear power as a critical solution to rising global electricity demand, AI-driven data center expansion, grid reliability challenges, decarbonization goals, and long-term energy security concerns. The ETF has had a bit of a bull run that leaves value at more of a premium than it historically has had. However, the portfolio leaders are almost all in a strong fundamental environment, and the ETF has solid diversification. I have NLR as a buy, with other tailwinds seemingly likely in the near to mid-term, and the ETF sitting in a good situation amidst the AI power cycle. Fund Breakdown Seeking Alpha NLR manages approximately $5 billion in assets under management and offers investors diversified exposure across the global nuclear energy value chain. The portfolio is split with 45% exposure to Uranium miners (energy), 38% Utilities, and 16% Industrials. The ETF’s largest holdings currently include Constellation Energy Corporation ( CEG ), Cameco Corporation ( CCJ ), BWX Technologies, Inc. ( BWXT ), Public Service Enterprise Group Incorporated ( PEG ), and Oklo Inc. ( OKLO ), giving the fund a balanced mix of electricity producers, uranium suppliers, and nuclear infrastructure companies. About half of the fund’s net assets are from U.S. companies, 17% from Canada, and the remainder spread out throughout the globe. The current dividend yield for NLR is 2.4...
The most recent trading session ended with Lululemon (LULU) standing at $251.08, reflecting a +0.69% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.13%. Elsewhere, the Dow saw a downswing of 1.33%, while the tech-heavy Nasdaq depreciated by 0.13%. Prior to today's trading, shares of the athletic apparel maker had lost 24.34% o...
The most recent trading session ended with Lululemon (LULU) standing at $251.08, reflecting a +0.69% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.13%. Elsewhere, the Dow saw a downswing of 1.33%, while the tech-heavy Nasdaq depreciated by 0.13%. Prior to today's trading, shares of the athletic apparel maker had lost 24.34% over the past month. This has lagged the Consumer Discretionary sector's loss of 7.24% and the S&P 500's loss of 6.3% in that time. The investment community will be closely monitoring the performance of Lululemon in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.60, reflecting a 2.36% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $2.35 billion, up 6.57% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $14.91 per share and a revenue of $11.19 billion, demonstrating changes of +1.84% and +5.69%, respectively, from the preceding year. Any recent changes to analyst estimates for Lululemon should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 3.85% fall in the Zacks Consensus EPS estimate. Lululemon currently has a Zacks R...
HOUSTON, May 21, 2026--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today that its board of directors has declared a 2026 second quarter dividend of seventeen cents ($0.17) a share on the Company’s common stock payable on June 24, 2026, to shareholders of record at the close of business on June 3, 2026. About Halliburton Halliburton is one of the world’s leading providers of products...
HOUSTON, May 21, 2026--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today that its board of directors has declared a 2026 second quarter dividend of seventeen cents ($0.17) a share on the Company’s common stock payable on June 24, 2026, to shareholders of record at the close of business on June 3, 2026. About Halliburton Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram and Facebook. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521551507/en/ Contacts Investors Relations Contact David Coleman Investors@Halliburton.com 281-871-2688 Press Contact Alexandra Franceschi PR@Halliburton.com 281-871-2601
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up . It used to be that a 14% gain was a pretty good year for the stock market. The S&P 500 has surged that much in about seven weeks, thanks to soaring optimism over artificial intelligence and a belief that US President Donald Trump will someh...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up . It used to be that a 14% gain was a pretty good year for the stock market. The S&P 500 has surged that much in about seven weeks, thanks to soaring optimism over artificial intelligence and a belief that US President Donald Trump will somehow find a way out of the conflict in Iran. Canadian stocks haven’t had quite the same ride. Still, the S&P/TSX Composite is up a healthy 8.5% this year, after a 28% jump last year and an 18% rise the year before that. These are heady times down at the bourse. For John Graham, who’s responsible for more Canadian pension money than anyone else, the equity market is running rather hot , which is another way of saying it looks expensive. At least, parts of it do. “We have a market that is rewarding concentration. We have a market that is being driven by a handful of companies,” the CEO of the Canada Pension Plan Investment Board said. “We certainly like to invest in cash flows, and we struggle with some of the valuations in the market today.” CPPIB posted a 7.8% overall return in the fiscal year that just ended, driven by those juicy gains in stocks . Like some other members of the so-called Maple Eight group of Canadian pension funds, CPPIB’s public equity portfolio is outpacing private equity returns by a wide margin. It’s a moment to focus extra hard on diversification, Graham told me today. Market sentiment can shift quickly. CPPIB’s job is to grow Canadians’ retirement savings without risk of a major loss. “Now is not the time to chase the market,” he said. “And we think it is OK for CPP investments not to keep up with the markets in times like this — because at the end of the day, we’re here to contribute to the financial security and retirement of 22 million Canadians.” Also in this newsletter: A deep dive into the Sherritt saga . Layoffs at Mackenzie Investments. Examin...
Key Points MGK offers a marginally lower expense ratio, while VONG boasts a higher dividend yield. VONG holds more than six times as many stocks as MGK, offering broader diversification. MGK has outperformed VONG in both one- and five-year total returns, but it also comes with deeper drawdowns. 10 stocks we like better than Vanguard Scottsdale Funds - Vanguard Russell 1000 Growth ETF › Investors s...
Key Points MGK offers a marginally lower expense ratio, while VONG boasts a higher dividend yield. VONG holds more than six times as many stocks as MGK, offering broader diversification. MGK has outperformed VONG in both one- and five-year total returns, but it also comes with deeper drawdowns. 10 stocks we like better than Vanguard Scottsdale Funds - Vanguard Russell 1000 Growth ETF › Investors seeking to capitalize on the dominance of U.S. growth stocks have two primary options within the Vanguard lineup. While both the Vanguard Mega Cap Growth ETF (NYSEMKT:MGK) and the Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) prioritize companies with strong earnings potential, they differ significantly in how far down the market-cap ladder they reach to build their portfolios. Here’s how the two stack up on the most important factors. Snapshot (cost & size) Metric MGK VONG Issuer Vanguard Vanguard Expense ratio 0.05% 0.06% 1-yr return (as of May 21, 2026) 28.86% 25.41% Dividend yield 0.34% 0.45% Beta (5Y monthly) 1.20 1.15 Assets under management (AUM) $32.0 billion $50.6 billion MGK is the more affordable of the two options, carrying a marginally lower expense ratio. VONG, however, offers a slightly higher dividend yield, which could help counteract the higher fees. Performance & risk comparison Metric MGK VONG Max drawdown (5 yr) -36.02% -32.72% Growth of $1,000 over 5 years (total return) $2,110 $2,040 What's inside VONG provides exposure to 387 holdings, offering broader exposure to the large-cap growth space. Its sector allocation is heavily weighted toward technology, accounting for around 51% of assets, followed by communication services at 13% and consumer cyclical at 13%, and its largest positions include Nvidia, Apple, and Microsoft. Launched in 2010, the fund seeks to track the Russell 1000 Growth Index and has a trailing 12-month dividend of $0.56 per share. By comparison, MGK tracks the CRSP US Mega Cap Growth Index and focuses exclusively on the largest tier ...
In recent weeks, major equity indexes have hit record highs, which may seem at odds with geopolitical fears and the performance of other asset classes. Energy prices remain elevated due to the stalemate in the Strait of Hormuz amid the Iran conflict. Many soft commodity prices have risen on fears that transport and fertilizer will add to costs. The 10-year Treasury yields are also up, about 40 bas...
In recent weeks, major equity indexes have hit record highs, which may seem at odds with geopolitical fears and the performance of other asset classes. Energy prices remain elevated due to the stalemate in the Strait of Hormuz amid the Iran conflict. Many soft commodity prices have risen on fears that transport and fertilizer will add to costs. The 10-year Treasury yields are also up, about 40 basis points, since the start of the year. Interestingly, a solid rebound once the initial uncertainties of a geopolitical shocks are known is normal. But, as we highlight today, the first-quarter (Q1) earnings season has provided fundamental support for the rally in equities. Equity prices and earnings move together in the long run Remember that, in the long run, nothing matters more to equity performance than earnings. That’s due to the simple fact that when you buy a share of stock, you’re buying a sliver of that company’s future stream of earnings. The chart below shows that going back decades, equity prices (blue line) and earnings (green line) move together. In essence, we are looking below at prices and earnings – and the stability between the two is one reason why the prices-to-earnings (PE) ratio is such a common and simple valuation tool. Careful watchers will note that there are times when stocks (or earnings) get ahead (or behind). These are often explained by interest rates (grey area). For example: In the ‘70s and early ‘80s, prices fell behind the rate of earnings growth (effectively, PE ratios fell). Interestingly, that was also when interest rates were pushed high as then-Fed Chair Paul Volcker tried to tame energy-driven inflation. As any stock valuation model will tell you, higher interest rates reduce valuations as they add more interest expense, which reduces companies' net earnings. We also see that markets tend to look past recessions (grey bars), which cause earnings to fall, but only temporarily. Most importantly, these dislocations are resolved over t...
Meta agreed to settle a major lawsuit on Thursday with a school district in Kentucky over claims that its social networks are designed to be addictive, leading to harm in children. The settlement comes less than three weeks before the case was scheduled to go to trial in federal court in California. About 1,200 school districts from across the US came together to each sue Meta, TikTok, Snap and Yo...
Meta agreed to settle a major lawsuit on Thursday with a school district in Kentucky over claims that its social networks are designed to be addictive, leading to harm in children. The settlement comes less than three weeks before the case was scheduled to go to trial in federal court in California. About 1,200 school districts from across the US came together to each sue Meta, TikTok, Snap and YouTube for allegedly fueling a mental health crisis in children. TikTok, Snap and YouTube settled their suits with Kentucky over the past couple of weeks. “We’ve resolved this case amicably and remain focused on our longstanding work to build protections like Teen Accounts that help teens stay safe online, while giving parents simple controls to support their families,” said a Meta spokesperson. The company, which owns Facebook and Instagram, did not disclose the terms of the settlement. A YouTube spokesperson also said the matter was resolved amicably and confidentially and that “for more than a decade, we’ve built YouTube responsibly – working with teachers, administrators, and parents’ groups to give students safer, more helpful experiences online”. TikTok and Snap did not immediately return requests for comment. Breathitt county schools, a small rural district in Kentucky, had accused the social media companies of designing addictive products that led to students having anxiety and depression and engaging in self-harm. The school district said it was left dealing with the fallout. The lawsuit sought more than $60m to cover the costs of mental health needs for students in the district and to pay for a 15-year program to improve the issue. Lawyers also sought a court order requiring the social media companies to change the way their platforms worked to have fewer addictive features. Meta’s legal woes are far from over. Attorneys for the school districts said in a statement on Thursday that “our focus remains on pursuing justice for the remaining 1,200 school districts...