JPMorgan reiterated its Overweight rating on Netflix (NASDAQ:NFLX) with a $118 price target on May 14, following the company’s fourth annual advertising upfront. The firm’s thesis centers on Netflix’s reach, content strategy, and improving ad technology, framing the streamer as moving toward becoming “Global TV.” For long-term holders, the reiteration signals that Wall Street still ... JPMorgan Do...
JPMorgan reiterated its Overweight rating on Netflix (NASDAQ:NFLX) with a $118 price target on May 14, following the company’s fourth annual advertising upfront. The firm’s thesis centers on Netflix’s reach, content strategy, and improving ad technology, framing the streamer as moving toward becoming “Global TV.” For long-term holders, the reiteration signals that Wall Street still ... JPMorgan Doubles Down on Netflix: $118 Price Target on Path to Becoming Global TV
Earnings Call Insights: Elauwit Connection, Inc. (ELWT) Q1 2026 Management View “The first quarter was excellent across the board and demonstrated our execution on the most important growth drivers in our long-term business model.” (Founder & Executive Chairman Daniel McDonough) “While revenue declined, this was due to the timing of our construction contracts for new networks, which is lumpy.” (Fo...
Earnings Call Insights: Elauwit Connection, Inc. (ELWT) Q1 2026 Management View “The first quarter was excellent across the board and demonstrated our execution on the most important growth drivers in our long-term business model.” (Founder & Executive Chairman Daniel McDonough) “While revenue declined, this was due to the timing of our construction contracts for new networks, which is lumpy.” (Founder & Executive Chairman McDonough) “As of the end of Q1, we have locked in a 114% increase in billed units year-over-year, 110% increase in activated units.” (Founder & Executive Chairman McDonough) “Our sales team has secured verbal commitments on about 40 additional properties across 16 states and District of Columbia so far this year… In total, that is more than 11,000 new units already this year and more than 36,000 contracted units to date.” (Founder & Executive Chairman McDonough) “This has pushed backlog to more than $38 million in construction and recurring revenue, giving us increasing clarity for both growth and sustained recurring revenue.” (Founder & Executive Chairman McDonough) “We are developing ways to streamline the project kickoff phase to under 14 days, which would be more than double our previous speed to market.” (Co-Founder, President, CTO & Director Taylor Jones) “We are increasing our subcontractor network fivefold to maintain agile deployment capabilities across the Lower 48.” (Co-Founder, President, CTO & Director Jones) “Revenue for the first quarter decreased 19% year-over-year to $4.4 million compared to $5.4 million for the prior year period.” (Chief Financial Officer James Di Bartolo) Outlook “Our forecast for full year 2026 remains consistent with what we had communicated previously. So we expect a stronger Q3 and Q4.” (Chief Financial Officer Di Bartolo) “We have quite a few opportunities for Network as a Service in our pipeline.” (Founder & Executive Chairman McDonough) “I would say that the pipeline is more managed services than NaaS th...
The yen jumped against the dollar on Thursday before falling back as currency traders brace for possible action by Japanese authorities to support the currency. The Japanese currency abruptly gained nearly one yen, bouncing off of the 158 per dollar mark and rising as much as 0.3% to 157.32 in US morning trade, before erasing the move and easing back near 158. The momentary surge comes after a ser...
The yen jumped against the dollar on Thursday before falling back as currency traders brace for possible action by Japanese authorities to support the currency. The Japanese currency abruptly gained nearly one yen, bouncing off of the 158 per dollar mark and rising as much as 0.3% to 157.32 in US morning trade, before erasing the move and easing back near 158. The momentary surge comes after a series of suspected interventions and rate-checking in the currency markets by Japanese authorities in recent weeks. On April 30, the yen surged 3%, with traders and data later confirming that Japan had intervened to buy yen and sell dollars. “Judging from the price action of USD/JPY so far, this does not appear to be JPY-buying intervention by the Ministry of Finance,” said Yusuke Miyairi , a currency strategist at Nomura International Plc. “However, it is worth bearing in mind of the possibility that the MOF could be shifting its intervention strategy.” Earlier on Thursday, the yen briefly rallied after a Bank of Japan board member, Kazuyuki Masu, called for interest rates to be raised as soon as possible, citing enduring inflationary risks from the war in Iran, provided there are no signs of economic trouble.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Direxion Daily MU Bull 2X Shares (Symbol: MUU) where we have detected an approximate $311.4 million dollar inflow -- that's a 9.8% increase week over
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Direxion Daily MU Bull 2X Shares (Symbol: MUU) where we have detected an approximate $311.4 million dollar inflow -- that's a 9.8% increase week over
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $311.8 million dollar inflow -- that's a 4.0% increase week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $311.8 million dollar inflow -- that's a 4.0% increase week over week
Virtu Financial is joining a small but growing list of institutional market-making firms trading on prediction markets, according to people familiar with the matter. The New York-based firm has started pricing and trading event contracts offered by exchanges including Kalshi Inc. and CME Group Inc. , said the people, who asked not to be identified because the information is confidential. Until las...
Virtu Financial is joining a small but growing list of institutional market-making firms trading on prediction markets, according to people familiar with the matter. The New York-based firm has started pricing and trading event contracts offered by exchanges including Kalshi Inc. and CME Group Inc. , said the people, who asked not to be identified because the information is confidential. Until last year, prediction markets had been too small to draw interest from Wall Street players like Virtu. One of the biggest players, Citadel Securities , said last month that it is monitoring the fast-moving space, but hasn’t begun trading and isn’t considering trading on sports, the most popular category in the nascent industry. Virtu has been trading on some sports games alongside other topics, the people said. The firm, one of the largest institutional market-makers in the US, put a quantitative trader based in New York in charge of prediction markets, the people said. It has also enlisted a handful of other traders around the globe to allow for around-the-clock coverage, including on the weekends, one of the people said. The firm is approaching prediction markets in the same way it handles other assets including equities and exchange-traded funds, the person said. That generally involves moving quickly between positions rather than making longer-term directional bets. “We’re kind of ready to trade in any market, any exchange, and it’s really about where the volume goes,” Virtu Chief Executive Officer Aaron Simons said in the firm’s first quarter earnings call when asked about event-contracts. A representative for Virtu declined to comment beyond the details shared on the company’s calls with analysts. Prediction markets have boomed in popularity over the last year by bringing financial contracts into areas that used to be the domain of gambling companies. Unlike sportsbooks, the platforms don’t take the other side of customer wagers. That role is now frequently being played ...
Shares of the leading digital healthcare platform for medical professionals in the U.S., Doximity (NYSE: DOCS) , were down 24% as of 11 a.m. ET on Thursday after the company reported underwhelming fourth-quarter earnings. Despite offering conservative Q4 guidance at its last earnings call, Doximity barely snuck past sales expectations from Wall Street and came up shy on earnings. For the quarter, ...
Shares of the leading digital healthcare platform for medical professionals in the U.S., Doximity (NYSE: DOCS) , were down 24% as of 11 a.m. ET on Thursday after the company reported underwhelming fourth-quarter earnings. Despite offering conservative Q4 guidance at its last earnings call, Doximity barely snuck past sales expectations from Wall Street and came up shy on earnings. For the quarter, sales rose 5%, and free cash flow (FCF) increased 11%, while the full year showed increases of 13% and 19% in revenue and FCF, respectively. Perhaps the biggest disappointment from today's report was management's full-year revenue growth guidance of only 3% to 5% in 2027 -- paired with a declining adjusted EBITDA margin. As rough as Doximity's results are on the surface -- it is a core holding for me -- I don't think the company is "doomed" by any means, operationally speaking. Rather, management openly admitted that it is increasing spending on AI-powered products (which will weigh on profitability) at a time when the healthcare professional advertising market is already soft amid broader macroeconomic challenges. Continue reading
Chinese leader appears to be in the driving seat as the unusually polite US president ignores questions on Taiwan Trump in Beijing – latest updates Why does Donald Trump look so at home in China? The US president spent day one of his summit in Beijing basking in rigid pageantry, heroically managing not to offend his hosts and offering the verdict: “China is beautiful.” Continue reading...
Chinese leader appears to be in the driving seat as the unusually polite US president ignores questions on Taiwan Trump in Beijing – latest updates Why does Donald Trump look so at home in China? The US president spent day one of his summit in Beijing basking in rigid pageantry, heroically managing not to offend his hosts and offering the verdict: “China is beautiful.” Continue reading...
AI investors who are sitting on colossal gains are facing a difficult dilemma nowadays, with semi stocks heading into overdrive while other tech titans look to experience massive breakouts of their own. As the market starts roaring loudly again, those sitting on big profits (perhaps some with more than 100% gains in the past year ... AI Investors Sitting on Big Gains Face a Choice: Let Winners Rid...
AI investors who are sitting on colossal gains are facing a difficult dilemma nowadays, with semi stocks heading into overdrive while other tech titans look to experience massive breakouts of their own. As the market starts roaring loudly again, those sitting on big profits (perhaps some with more than 100% gains in the past year ... AI Investors Sitting on Big Gains Face a Choice: Let Winners Ride or Heed Michael Burry’s Bubble Warning
One of Wall Street’s top firms just put its stamp of approval on the Starbucks (NASDAQ:SBUX) comeback story. TD Cowen upgraded Starbucks to Buy from Hold and raised its price target to $120 from $106, calling out “numerous tangible drivers” that should fuel positive sales revisions against a strong category backdrop. The call lands as ... TD Cowen Just Upgraded Starbucks to Buy: Margin Recovery, S...
One of Wall Street’s top firms just put its stamp of approval on the Starbucks (NASDAQ:SBUX) comeback story. TD Cowen upgraded Starbucks to Buy from Hold and raised its price target to $120 from $106, calling out “numerous tangible drivers” that should fuel positive sales revisions against a strong category backdrop. The call lands as ... TD Cowen Just Upgraded Starbucks to Buy: Margin Recovery, Sales Drivers Power Comeback Story
(RTTNews) - Partly reflecting a jump in wholesale inventories, the Commerce Department released a report on Thursday showing U.S. business inventories increased by slightly more than expected in the month of March.
(RTTNews) - Partly reflecting a jump in wholesale inventories, the Commerce Department released a report on Thursday showing U.S. business inventories increased by slightly more than expected in the month of March.