phuttaphat tipsana/iStock via Getty Images Earnings rundown Rocket Lab Corporation ( RKLB ) did it again. The company reported Q1 '26 earnings on Thursday after the bell, and the stock is up over 7% in premarket trading, as the print did exactly what it needed to do. The company delivered a record Q1, with revenue of $200.3 million coming in ahead of the $189.4 million consensus, up 63.5% year ove...
phuttaphat tipsana/iStock via Getty Images Earnings rundown Rocket Lab Corporation ( RKLB ) did it again. The company reported Q1 '26 earnings on Thursday after the bell, and the stock is up over 7% in premarket trading, as the print did exactly what it needed to do. The company delivered a record Q1, with revenue of $200.3 million coming in ahead of the $189.4 million consensus, up 63.5% year over year. Net loss narrowed to $45.0 million, or $0.07 per share, again above the $0.08 consensus loss and improving meaningfully from the $0.12 loss in the year-ago quarter. Gross margins were also above expectations and came in at 43% , and total backlog was up to $2.2 billion. The stock dipped as much as 7% on Thursday at close as part of the overall macro pullback but is now erasing the losses in the pre-market moves. The company guided for Q2 revenue in the range between $225 million and $240 million and non-GAAP gross margin in the 38% to 40% range, a step down due to the mix shift towards Space Systems that usually carry a different margin profile than Launch services, with the latter coming in at $136.7 million in revenue for the quarter, up 78.9% year over year, but down 16% quarter over quarter due to fewer launches. 1Q26 RKLB presentation Three big strategic announcements come with the print. The clean beat across revenue, gross margins, and EBITDA was the headline, but the equally important signal was a missing one: no Neutron timeline slip. Management held flight 1 till later this year without introducing any new schedule risk. On top of that, the company reported record bookings cadence across all three launch vehicles, signing 31 Electron and HASTE missions and another 5 new dedicated Neutron contracts, marking more launches sold in the quarter than across all of 2025. The Mynaric AG deal closed in the quarter, not only bringing in-house a leading capability in laser optical communications terminals but also giving the company its first European footprint at th...
The South China Morning Post has taken home three honours at the International News Media Association’s 2026 Global Media Awards, with its infographic on Hong Kong’s deadly Tai Po fire winning first place for the best use of visual journalism. The awards were announced and presented in Berlin on Thursday, with the SCMP being the only Hong Kong media outlet recognised at the prestigious annual comp...
The South China Morning Post has taken home three honours at the International News Media Association’s 2026 Global Media Awards, with its infographic on Hong Kong’s deadly Tai Po fire winning first place for the best use of visual journalism. The awards were announced and presented in Berlin on Thursday, with the SCMP being the only Hong Kong media outlet recognised at the prestigious annual competition. This year’s awards event, which had 20 categories, drew a record 960 entries from 274 media...
SomeMeans/iStock via Getty Images This article updates my review of June 2025 in light of recent performance and current holdings. FFLC strategy Fidelity Fundamental Large Cap Core ETF ( FFLC ) is an actively managed equity fund launched on 6/2/2020. FFLC has a portfolio of 103 stocks, a trailing 12-month yield of 1.01% and a net expense ratio of 0.38%. As described by Fidelity , the fund may inve...
SomeMeans/iStock via Getty Images This article updates my review of June 2025 in light of recent performance and current holdings. FFLC strategy Fidelity Fundamental Large Cap Core ETF ( FFLC ) is an actively managed equity fund launched on 6/2/2020. FFLC has a portfolio of 103 stocks, a trailing 12-month yield of 1.01% and a net expense ratio of 0.38%. As described by Fidelity , the fund may invest in U.S. and foreign companies with market capitalizations similar to those of the Russell 1000 Index or the S&P 500 Index. The investment process may target either growth stocks or value stocks, or both, depending on market conditions and opportunities. It starts with fundamental analysis and uses a quantitative portfolio construction involving constituent and portfolio-level risk, liquidity, and trading characteristics. The portfolio turnover rate was 46% in the most recent fiscal year and 63% in the previous year. This article will use as a benchmark the Russell 1000 Index, represented by iShares Russell 1000 ETF ( IWB ). Portfolio The portfolio is mostly invested in US companies (90.4% of asset value) and in large and mega-caps (79.5%), with significant exposure in information technology (29.5%). Other sectors are below 14%. FFLC’s sector breakdown is close to the benchmark’s, even though it moderately downplays technology and overweights industrials. FFLC sector breakdown (Chart: author; data: Fidelity, iShares) The portfolio shows noteworthy concentration and company-specific risk. The top 10 holdings, listed in the next table, represent 40.3% of asset value, and the two largest positions (Nvidia and Alphabet) weigh about 8% each. Risks related to other individual companies are low to moderate. Ticker Name Weight% NVDA NVIDIA Corp 8.38 GOOGL Alphabet Inc 7.78 AMZN Amazon.com Inc 5.43 AAPL Apple Inc 3.49 META Meta Platforms Inc 3.26 MSFT Microsoft Corp 3.24 AVGO Broadcom Inc 2.47 WDC Western Digital Corp 2.13 BA Boeing Co 2.08 XOM Exxon Mobil Corp 2.06 Click to enlar...
The Strait of Hormuz remains effectively closed to commercial shipping after the US and Iran clashed overnight near the waterway, attacking each other’s assets in the area. US forces targeted missile and drone launch sites and other military assets in the Islamic Republic that they said were responsible for attacking three US warships transiting the strait. The clashes risk undermining talks over ...
The Strait of Hormuz remains effectively closed to commercial shipping after the US and Iran clashed overnight near the waterway, attacking each other’s assets in the area. US forces targeted missile and drone launch sites and other military assets in the Islamic Republic that they said were responsible for attacking three US warships transiting the strait. The clashes risk undermining talks over a US-proposed deal to end the war, with Iran expected to send a response shortly. President Donald Trump again threatened more intense strikes if Iran refuses his terms. Tehran responded, saying on X that the continued hostile action against Iran “ highlights the confusion and inability of the ruling authorities in the United States to properly understand the situation and find a reasonable solution to exit their self-created impasse.” Tehran has tightened its grip on the waterway, requiring shipowners to submit detailed information — from vessel history to cargo value — to its Persian Gulf Strait Authority, adding to uncertainty and deterring voyages. There have been no observed outbound or inbound transits since Tuesday. An oil products tanker, Interstellar , appeared off the coast of Pakistan on Friday morning, heading south and signaling its destination as Osaka in Japan with a June 1 arrival data. The time and position of the ship’s disappearance off Qeshm Island in the western arm of Hormuz on Tuesday suggests it crossed the Strait later that day. Separately, a small products tanker, Zerba , that is estimated to have made the outbound transit on Sunday, appears to have been turned back by the US Navy, possibly twice, as it approached Washington’s de facto blockade line between Iran’s border with Pakistan and the shoulder of Oman. Zerba appears to have departed Hamriya in the United Arab Emirates on April 30, before crossing the Strait of Hormuz on May 3. Widespread AIS spoofing has clouded the picture, making independent verification of ship traffic increasingly diffi...
Harassment reported by 35% of students at ‘high tariff’ institutions compared with 17% at those with lowest entry grades Students at England’s leading universities were more than twice as likely to experience sexual harassment than those at “lower tariff” institutions, according to analysis. Data from a national survey of undergraduates shows that 35% of students at “high tariff” universities – th...
Harassment reported by 35% of students at ‘high tariff’ institutions compared with 17% at those with lowest entry grades Students at England’s leading universities were more than twice as likely to experience sexual harassment than those at “lower tariff” institutions, according to analysis. Data from a national survey of undergraduates shows that 35% of students at “high tariff” universities – those requiring the highest A-level grades for entry – reported experiencing sexual harassment, compared with just over 17% of those at universities requiring the lowest grades for entry and 26% of those at “medium tariff” institutions. Continue reading...
Worawith Ounpeng/iStock via Getty Images Odyssey Therapeutics ( ODTX ), a clinical-stage biotech focused on immunology, priced its upsized initial public offering ahead of its trading debut on Friday, raising more than $300M in gross proceeds, alongside a concurrent private placement. The Boston, Massachusetts-based biotech priced the offering of 15.5M shares at $18 each while granting underwriter...
Worawith Ounpeng/iStock via Getty Images Odyssey Therapeutics ( ODTX ), a clinical-stage biotech focused on immunology, priced its upsized initial public offering ahead of its trading debut on Friday, raising more than $300M in gross proceeds, alongside a concurrent private placement. The Boston, Massachusetts-based biotech priced the offering of 15.5M shares at $18 each while granting underwriters a 30-day option to buy ~2.3M additional shares at the IPO price after adjusting for underwriting discounts and commissions. The company added that as part of a private placement, it concurrently sold ~1.4M shares of its common stock to a unit of TPG Life Sciences Innovations ( TPG ) at the IPO price of $18 per share. The gross proceeds from the initial public offering and the private placement are estimated at $304M. Earlier this week, the company planned to offer ~13.2M shares at $16.00 - $18.00 each, indicating it would raise nearly $205.2M in net proceeds at the midpoint of the range. More on Odyssey Therapeutics, Inc. Immunology drug developer Odyssey seeks U.S. IPO again Financial information for Odyssey Therapeutics, Inc.
You know that feeling when you've been backing a friend's idea for months, and then suddenly the whole room starts paying attention? That's roughly where Morgan Stanley finds itself with Advanced Micro Devices (AMD). For the better part of six months, the firm had been quietly bullish on AMD's ...
You know that feeling when you've been backing a friend's idea for months, and then suddenly the whole room starts paying attention? That's roughly where Morgan Stanley finds itself with Advanced Micro Devices (AMD). For the better part of six months, the firm had been quietly bullish on AMD's ...
A new five-year AI cloud agreement with NVIDIA positions IREN to scale beyond infrastructure hosting into managed GPU cloud services for enterprise AI workloads. Key Investor TakeawaysThe $3.
A new five-year AI cloud agreement with NVIDIA positions IREN to scale beyond infrastructure hosting into managed GPU cloud services for enterprise AI workloads. Key Investor TakeawaysThe $3.
Shares of nLIGHT ( LASR ) climbed 22% on Friday after the company reported first-quarter results that topped Wall Street expectations and issued upbeat second-quarter guidance driven by accelerating defense demand. The laser technology company posted Q1 non-GAAP EPS of $0.20, beating analyst estimates by $0.12. Revenue surged 55.2% year over year to a record $80.2M, exceeding consensus forecasts b...
Shares of nLIGHT ( LASR ) climbed 22% on Friday after the company reported first-quarter results that topped Wall Street expectations and issued upbeat second-quarter guidance driven by accelerating defense demand. The laser technology company posted Q1 non-GAAP EPS of $0.20, beating analyst estimates by $0.12. Revenue surged 55.2% year over year to a record $80.2M, exceeding consensus forecasts by roughly $8M. Gross margin improved to 33.1% from 26.7% a year earlier, while adjusted EBITDA jumped to $13.8M from just $116,000 in the prior-year period. The company also returned to profitability, reporting GAAP net income of $645,000 compared with a net loss of $8.1M last year. Chief executive officer Scott Keeney said results were fueled by strength in aerospace and defense markets, with record defense product revenue nearly doubling from a year ago. He added that nLIGHT continues to see a strong pipeline of directed energy opportunities, including production programs, platform upgrades, and new prototype awards. For the second quarter, nLIGHT forecast revenue of $75M to $81M, above analysts’ expectations of $71M at the midpoint. The company also projected adjusted EBITDA of $8M to $12M for the quarter. More on nLight nLIGHT: A Promising Laser Story Trading At A Dangerous Premium nLIGHT: The Defense Pivot Worked, And The Stock Is Already Running Hot nLIGHT, Inc. 2025 Q4 - Results - Earnings Call Presentation nLight Non-GAAP EPS of $0.20 beats by $0.12, revenue of $80.18M beats by $8.04M nLIGHT surges as it prepares to showcase high-energy laser weapon
Investors in Moderna Inc (Symbol: MRNA) saw new options begin trading today, for the December 2027 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 588 days until expiration the newly trading contracts
Investors in Moderna Inc (Symbol: MRNA) saw new options begin trading today, for the December 2027 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 588 days until expiration the newly trading contracts
Virginia voters approved redistricting that could help Democrats pick up four House seats. Democrats said it was to counter the gains that Trump and the GOP have picked up in Republican-led states. (Image credit: Allen G. Breed)
Virginia voters approved redistricting that could help Democrats pick up four House seats. Democrats said it was to counter the gains that Trump and the GOP have picked up in Republican-led states. (Image credit: Allen G. Breed)