N Rotteveel/iStock Editorial via Getty Images Bitcoin ( BTC-USD ) is bouncing Monday, up over 3% in morning trading and pushing back toward $70K, while U.S. stocks ( SP500 ) continued their retreat as the ongoing oil-price spike raises stagflation concerns. Crude prices ( CL1:COM ) ripped higher and topped $100 per barrel as market participants priced in the risk of supply disruption amid the war ...
N Rotteveel/iStock Editorial via Getty Images Bitcoin ( BTC-USD ) is bouncing Monday, up over 3% in morning trading and pushing back toward $70K, while U.S. stocks ( SP500 ) continued their retreat as the ongoing oil-price spike raises stagflation concerns. Crude prices ( CL1:COM ) ripped higher and topped $100 per barrel as market participants priced in the risk of supply disruption amid the war in Iran, raising renewed fears the U.S. economy is entering an environment of higher inflation and slower growth. U.S. equity futures pointed lower at the start of the week as Federal Reserve rate cuts got priced out, with all three major indices down at least 1% each at press time. Bitcoin ( BTC-USD ), however, moved the other way , marking a notable break from a generally tight stock market correlation. The token rebounded from the mid-$60Ks over the weekend and changed hands at $68.4K at the time of writing, briefly trading more like a macro hedge than the high-beta tech proxy it has resembled for much of the past year. But whether the divergence lasts is another question. Bitcoin-backed ETFs: ( IBIT ), ( ARKB ), ( GBTC ), ( BRRR ), ( BTCO ), ( HODL ), ( BTCW ), ( FBTC ), ( BITB ), and ( EZBC ). Market-tracking funds: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). More on Bitcoin USD, S&P 500 Index S&P 500 Drops Two Percent As Iran War Sends Oil Prices Up Why And When I Stopped Following Ray Dalio's All-Weather Portfolio The Market Just Got Riskier - And I Couldn't Be More Bullish RBC Capital Markets holds S&P 500 target, says Iran conflict too early to shift view Bitcoin starts week volatile above $67,000 as Iran conflict, oil surge rattle markets
shaunl/E+ via Getty Images Borr Drilling ( BORR ) -3.9% pre-market Monday after saying it has placed three jack-up rigs operating in the Persian Gulf on standby , while another rig operated by a customer was shut down and evacuated following an "incident." Borr ( BORR ) has four jack-up rigs deployed in the region - one in Saudi Arabia, one in the United Arab Emirates, and two in Qatar; the four r...
shaunl/E+ via Getty Images Borr Drilling ( BORR ) -3.9% pre-market Monday after saying it has placed three jack-up rigs operating in the Persian Gulf on standby , while another rig operated by a customer was shut down and evacuated following an "incident." Borr ( BORR ) has four jack-up rigs deployed in the region - one in Saudi Arabia, one in the United Arab Emirates, and two in Qatar; the four rigs remain under contract and are insured, the company said. "All employees in the region are safe and accounted for, and operations across the region will remain on standby until conditions allow for a safe resumption of activity," Borr ( BORR ) CEO Bruno Morand said. More on Borr Drilling Borr Drilling: Share Price Is Not Supported By Future Revenues Borr Drilling Made Its Bet With A New Acquisition (Rating Downgrade) Borr Drilling: Mexico Momentum And Middle East Demand Drive Growth
narvo vexar La Rosa ( LRHC ) stock was surging after the real estate and PropTech enterprise announced a non-binding letter of intent to acquire Consensus Core Technologies in an all-stock deal. Shares were 27.72% higher, at $1.29, during Monday pre-market trading. The news comes as the real estate company undertakes a strategic pivot toward AI data center and digital infrastructure opportunities....
narvo vexar La Rosa ( LRHC ) stock was surging after the real estate and PropTech enterprise announced a non-binding letter of intent to acquire Consensus Core Technologies in an all-stock deal. Shares were 27.72% higher, at $1.29, during Monday pre-market trading. The news comes as the real estate company undertakes a strategic pivot toward AI data center and digital infrastructure opportunities. La Rosa intends to acquire 100% of the issued and outstanding equity interests of the provider of critical infrastructure solutions for AI and high-performance computing. The all‑equity exchange transaction will see La Rosa acquire the stocks in exchange for newly issued shares. Upon closing, LRHC shareholders are expected to collectively own ~3.10% of the outstanding common stock of the combined company, while Consensus equity holders are set to own about 96.90%. More on La Rosa Holdings La Rosa Holdings eliminates $5.5 million in convertible debt La Rosa Holdings signs contract to acquire development site in Florida for proposed AI-data center Seeking Alpha’s Quant Rating on La Rosa Holdings Financial information for La Rosa Holdings
What a difference a calendar year can make. Exchange-traded funds (ETFs) with outsize exposure to growth stocks crushed the S&P 500 over the past few years. But so far this year, it's the sectors with heavy assets -- such as energy and materials -- that are producing the best gains. Mutual fund giant Vanguard offers 65 low-cost equity-focused ETFs. The three worst-performing year to date are the V...
What a difference a calendar year can make. Exchange-traded funds (ETFs) with outsize exposure to growth stocks crushed the S&P 500 over the past few years. But so far this year, it's the sectors with heavy assets -- such as energy and materials -- that are producing the best gains. Mutual fund giant Vanguard offers 65 low-cost equity-focused ETFs. The three worst-performing year to date are the Vanguard Mega Cap Growth ETF (MGK 1.25%), the Vanguard Growth ETF (VUG 1.34%), and the Vanguard Financials ETF (NYSEMKT: VFH). Here's why all three ETFs are falling, and why they are excellent buys in March. Two ETFs to buy the dip on growth stocks When stock prices outpace earnings growth, valuations can become inflated, opening the door to a sell-off. Nvidia is an excellent example of this dynamic. The stock price is unchanged from seven months ago, but Nvidia has substantially grown sales and earnings over that period -- including 20% quarter-over-quarter revenue growth in the quarter reported Feb. 25. Nvidia's earnings are outpacing its stock price, which has led to its valuation to fall by so much that it is now cheaper than the S&P 500 based on forward earnings. But Wall Street cares more about where a stock could be headed than about past results. And some investors fear that companies are spending too much on artificial intelligence (AI) and that these investments will take time to pay off or will fall short of expectations. The Vanguard Mega Cap Growth ETF has been one of the most effective ETFs for investing in leading AI, cloud computing, and hyperscaler stocks. It's basically a bet that the largest tech-focused companies will continue to outperform the S&P 500, which is exactly what has happened over the long term. By concentrating so much on a handful of stocks -- including Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta Platforms, Tesla, Broadcom, Eli Lilly -- the fund has doubled in just three years and is up 421.9% in the past decade compared to a 305.7% gai...
Key Points The sell-off in growth stocks is weighing heavily on major indexes, and even more so on growth-focused ETFs. However, the long-term potential rewards far outweigh the risks of investing in top-growth stocks. The financial sector is a great buy for companies with wide moats and upside potential independent of AI. 10 stocks we like better than Vanguard World Fund - Vanguard Mega Cap Growt...
Key Points The sell-off in growth stocks is weighing heavily on major indexes, and even more so on growth-focused ETFs. However, the long-term potential rewards far outweigh the risks of investing in top-growth stocks. The financial sector is a great buy for companies with wide moats and upside potential independent of AI. 10 stocks we like better than Vanguard World Fund - Vanguard Mega Cap Growth ETF › What a difference a calendar year can make. Exchange-traded funds (ETFs) with outsize exposure to growth stocks crushed the S&P 500 over the past few years. But so far this year, it's the sectors with heavy assets -- such as energy and materials -- that are producing the best gains. Mutual fund giant Vanguard offers 65 low-cost equity-focused ETFs. The three worst-performing year to date are the Vanguard Mega Cap Growth ETF (NYSEMKT: MGK), the Vanguard Growth ETF (NYSEMKT: VUG), and the Vanguard Financials ETF (NYSEMKT: VFH). Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Here's why all three ETFs are falling, and why they are excellent buys in March. Two ETFs to buy the dip on growth stocks When stock prices outpace earnings growth, valuations can become inflated, opening the door to a sell-off. Nvidia is an excellent example of this dynamic. The stock price is unchanged from seven months ago, but Nvidia has substantially grown sales and earnings over that period -- including 20% quarter-over-quarter revenue growth in the quarter reported Feb. 25. Nvidia's earnings are outpacing its stock price, which has led to its valuation to fall by so much that it is now cheaper than the S&P 500 based on forward earnings. But Wall Street cares more about where a stock could be headed than about past results. And some investors fear that companies are spending too much on artificial intelligence (AI) and tha...
Hims & Hers Erupts In Epic Squeeze As Novo Nordisk Ends GLP-1 Feud Novo Nordisk confirmed Monday morning that its months-long GLP-1 feud with telehealth firm Hims & Hers Health has, at least for now, been put on ice, with the Danish drugmaker set to sell Wegovy and Ozempic through HIMS' platform by the end of the month. The feud's end was first reported by Bloomberg late Friday and has sparked a p...
Hims & Hers Erupts In Epic Squeeze As Novo Nordisk Ends GLP-1 Feud Novo Nordisk confirmed Monday morning that its months-long GLP-1 feud with telehealth firm Hims & Hers Health has, at least for now, been put on ice, with the Danish drugmaker set to sell Wegovy and Ozempic through HIMS' platform by the end of the month. The feud's end was first reported by Bloomberg late Friday and has sparked a panic short squeeze in heavily shorted HIMS shares in New York premarket trading. Bloomberg headlines crossed around 8:30 a.m. ET, stating that HIMS will no longer offer knockoff GLP-1 drugs on its telehealth platform and will instead offer NOVO's GLP-1 shots and the Wegovy pill. In return, NOVO has withdrawn its patent infringement lawsuit against Hims. "We see tremendous growth opportunities in the US with the expanding assortment of branded GLP-1 medications," said HIMS CEO Andrew Dudum. Dudum continued, "I'm excited to have a great partner in Novo Nordisk as we work to create a new model that works for everyday people. This collaboration reflects what's possible globally when drugmakers, biotech companies, and diagnostic leaders partner with consumer platforms to support scaled distribution of their latest medical innovations." As we noted over the weekend , the move is very surprising because NOVO and HIMS have been locked in an epic GLP-1 feud for months. Just last month, Novo sued HIMS over a copycat Wegovy pill and patent infringement tied to Ozempic and Wegovy. Even the head of the FDA recently stated that telehealth firms were put on notice about copycat GLP-1s. Leerink Partners analyst Michael Cherny told clients over the weekend that the NOVO and HIMS news via the Bloomberg report from Friday is a "surprise and an unabashed positive for Hims' stock." And positive it is for the heavily shorted stock, with 39.1% of its float short, or 81 million shares. HIMS shares are up 52% in premarket trading. Novo shares in Copenhagen are marginally higher, as we believe both ...
An end to the U.S.-Iran war isn't on the horizon, leading JPMorgan traders to turn more negative on the market. "We are now Tactically Bearish," they wrote to clients. "There has been a lack of extreme de-risking with positioning currently neutral. Further, Energy was the most net-sold sector last week as investors took profits into the weekend where, presumably, they were expecting de-escalation....
An end to the U.S.-Iran war isn't on the horizon, leading JPMorgan traders to turn more negative on the market. "We are now Tactically Bearish," they wrote to clients. "There has been a lack of extreme de-risking with positioning currently neutral. Further, Energy was the most net-sold sector last week as investors took profits into the weekend where, presumably, they were expecting de-escalation." Stock futures tumbled and crude prices soared Monday as several oil-producing countries began curbing their output due to capacity and shipping constraints. West Texas Intermediate futures briefly topped $110 per barrel, reaching levels not seen since Russia invaded Ukraine in 2022. JPMorgan's change in market view comes after its traders stayed "tactically cautious" early last week despite investors seemingly buying the dips. At the time, they said: "Given the extreme moves globally, we should see a relief rally but think that is something the market will fade until there is a defined off-ramp which is difficult to visualize given the shifting U.S. objectives, lack of known (to the market) Iranian leadership and ongoing escalation." Looking ahead, the JPMorgan traders like defense stocks, oil refiners and grocery companies. They are also long crude, natural gas and energy producers. Elsewhere, Morgan Stanley's Mike Wilson is more sanguine on stocks. "We think we're closer to the end of this rolling correction than the beginning and remain constructive over the next 6-12 months," the bank's chief U.S. equity strategist wrote. "The pace of increases in oil and the dollar will determine how long volatility persists. U.S. equities are in a favorable position versus international markets." JPMorgan traders themselves, allowed for the same relative optimism — if there's a route away from the present crisis. "A definitive off-ramp to the conflict will end this tactical call as the underlying macro fundamentals remain supportive of risk-assets."
Lichtwolke Smithfield Foods' ( SFD ) $450M acquisition of Nathan's Famous ( NATH ) is expected to close in the first half of the year. The deal transforms Smithfield's ( SFD ) long-standing licensing relationship with Nathan's ( NATH ) into full brand ownership and strategic control. The company described the transaction as a natural fit that consolidates another leading brand into its packaged me...
Lichtwolke Smithfield Foods' ( SFD ) $450M acquisition of Nathan's Famous ( NATH ) is expected to close in the first half of the year. The deal transforms Smithfield's ( SFD ) long-standing licensing relationship with Nathan's ( NATH ) into full brand ownership and strategic control. The company described the transaction as a natural fit that consolidates another leading brand into its packaged meats portfolio, supports long-term sales and cash-flow visibility, and enhances its beef presence while leveraging its scale in manufacturing, marketing, and retail and foodservice distribution. The company targets about $9M in annual cost synergies by the second anniversary of closing and expects the deal to be immediately accretive to adjusted earnings per share. In an SEC filing, Smithfield Foods ( SFD ) disclosed that it pursued a negotiated takeout of Nathan's ( NATH ) over roughly nine months. The deal's central strategic context is Nathan's ( NATH ) deep dependence on SFD that includes an exclusive license to manufacture and distribute NATH'sbranded hot dogs under a license agreement that expires in 2032. That license accounted for roughly 21% to 23% of NATH's revenues and over 92% of its operating income in recent fiscal years, making SFD the only logical buyer and limiting the board's ability to run a competitive process, highlighted Wedbush Securities analyst Michael Piccolo. Shares of Nathan's Famous ( NATH ) closed at $100.37 on Friday vs. the deal price of $102.00. More on Smithfield Foods and Nathan's Nathan's Famous: Take The (Kind Of Disappointing) Money And Run Nathan's Famous: Waving Goodbye To Hot Dog Royalties Smithfield Foods Looks Tasty Enough For An Upgrade Most and least shorted large-cap consumer staples at February end From nickel dogs to $450M buyout: a timeline of Nathan's Famous
Abu Dhabi’s new $237 billion financial-services holding company Judan is buying a majority stake in Alpha Wave Global , an alternative asset manager that holds stakes in leading artificial intelligence firms including SpaceX , Anthropic and OpenAI . Judan will take a 50.1% stake in Alpha Wave and help accelerate the launch of its AI-native life insurance business, the firms said. Financial terms w...
Abu Dhabi’s new $237 billion financial-services holding company Judan is buying a majority stake in Alpha Wave Global , an alternative asset manager that holds stakes in leading artificial intelligence firms including SpaceX , Anthropic and OpenAI . Judan will take a 50.1% stake in Alpha Wave and help accelerate the launch of its AI-native life insurance business, the firms said. Financial terms weren’t disclosed, but the deal indicates that Gulf investors are continuing their global acquisition spree, despite concerns that the Iran conflict could dent activity. Read More: Mideast Buyers Defy Missile Strikes to Extend Global Deal Spree Alpha Wave, which has about $29 billion of assets under management, operates across private equity, private credit, public markets and insurance. The firm has a longstanding relationship with a subsidiary of Judan called Chimera, and the two had joined forces on a giant tech fund four years ago. Alpha Wave will continue to operate under its existing leadership team that includes Chief Executive Officer Rick Gerson . The firm employs over 100 professionals across 11 offices worldwide, with a base in Miami, Florida. It focuses on sectors seen key to Abu Dhabi’s diversification push, including companies that stand to benefit from AI and has an active and dedicated life sciences group. Read More: OpenAI, Anthropic Deals Power Abu Dhabi’s $100 Billion AI Bet Sheikh Tahnoon bin Zayed Al Nahyan, who is a brother of the United Arab Emirates’ ruler and the country’s national security adviser, is driving many of these efforts as chairman of entities including Judan and the $239 billion conglomerate International Holding Co. IHC created Judan last month , combining businesses spanning banking, insurance, asset management, alternative investments and financial technology under one umbrella. As part of that move, asset managers Chimera Investment and the $115 billion Lunate Capital as well as brokerage International Securities, were folded under J...
Powell Max ( PMAX ) on Monday said that it has completed a corporate restructuring, raised $17 million from new investors, reconstituted its board, and regained compliance with Nasdaq listing requirements. The company appointed Geordan Pursglove as Chairman and CEO and added four new directors to its board. Powell Max said the moves position the firm for its next phase of growth and strengthen cor...
Powell Max ( PMAX ) on Monday said that it has completed a corporate restructuring, raised $17 million from new investors, reconstituted its board, and regained compliance with Nasdaq listing requirements. The company appointed Geordan Pursglove as Chairman and CEO and added four new directors to its board. Powell Max said the moves position the firm for its next phase of growth and strengthen corporate governance and operational oversight. PMAX -2.43% premarket to $1.2. Source: Press Release More on Powell Max Powell Max regains compliance with Nasdaq’s audit committee rules Powell Max receives Nasdaq notice over board compliance Seeking Alpha’s Quant Rating on Powell Max Financial information for Powell Max
This can be of little surprise of course when millions of barrels of crude oil are shut in to the Gulf, and most Gulf countries are now reporting a slowing of their production at best, and at worst force majeure shutdowns - a clause freeing them from liability for failure to supply due to events outside their control.
This can be of little surprise of course when millions of barrels of crude oil are shut in to the Gulf, and most Gulf countries are now reporting a slowing of their production at best, and at worst force majeure shutdowns - a clause freeing them from liability for failure to supply due to events outside their control.