Firefly Aerospace ( FLY ) unit SciTec announced on Monday that it received an OTA agreement from the U.S. Space Force Space Systems Command for the U.S. space-based missile defense program. The project is part of the “Golden Dome for America” defense architecture, aimed at developing space-based missile interceptors by 2028. The U.S. Space Force Space Systems Command awarded 20 agreements worth up...
Firefly Aerospace ( FLY ) unit SciTec announced on Monday that it received an OTA agreement from the U.S. Space Force Space Systems Command for the U.S. space-based missile defense program. The project is part of the “Golden Dome for America” defense architecture, aimed at developing space-based missile interceptors by 2028. The U.S. Space Force Space Systems Command awarded 20 agreements worth up to $3.2B to 12 companies, including SciTec , for AI-powered missile tracking and interceptor systems. SciTec President David Simenc said the agreement supports faster threat detection and strengthens U.S. defense capabilities. Source: Press Release More on Firefly Aerospace Inc. Firefly Aerospace: Future Looks More Certain Than Before Firefly Aerospace Has Room To Run Firefly Aerospace: Shares Have Yet To Price In Growth Goldman Sachs cuts IPO forecast; biggest IPOs since 2025 ranked by market cap Firefly Aerospace rallies after updating on its moon imaging project
Orders for the updated Xiaomi SU7 EV sedan, a direct Tesla Model 3 rival, have topped 70,000. Tesla does not plan to release an updated Model 3 in China this year.
Orders for the updated Xiaomi SU7 EV sedan, a direct Tesla Model 3 rival, have topped 70,000. Tesla does not plan to release an updated Model 3 in China this year.
enot-poloskun/iStock via Getty Images AXT, Inc. ( AXTI ) reported strong Q1 2026 earnings on Friday, May 1, and shared a positive outlook for Q2. The company reported higher revenues, increased profit margins, and an improved net loss. High demand for Indium Phosphide for data centers is driving the increase. AXT will expand its Indium Phosphide capacity to meet the demand. The stock price is up 7...
enot-poloskun/iStock via Getty Images AXT, Inc. ( AXTI ) reported strong Q1 2026 earnings on Friday, May 1, and shared a positive outlook for Q2. The company reported higher revenues, increased profit margins, and an improved net loss. High demand for Indium Phosphide for data centers is driving the increase. AXT will expand its Indium Phosphide capacity to meet the demand. The stock price is up 7,000% over the last year. It is up 219% since I covered the company last February on Seeking Alpha . AXT plans to increase production capacity and has a strong long-term outlook. The stock has undergone a sustained rally for months. It is now overvalued. I continue my rating of a Hold. Q1-2026 Results AXT reported Q1 revenue of $26.9 million, representing an increase of 17% QoQ and an increase of 38% YoY. Indium Phosphide made up $13.6 million of the total with strong demand from data center applications. Gallium Arsenide contributed $5.4 million to the total. Revenue from the company’s raw material joint venture was $7.6 million. Germanium substrates made up $200K of the total. Gross profit was $8 million, a 28% increase QoQ and a 742% increase YoY. Profit margin was 29.63% versus 20.95% QoQ and negative 6.41% YoY. The increase in profit and margins is attributed to fulfilling backorders for Indium Phosphide. The company reported a net loss of $1.6 million versus a net loss of $3.6 million QoQ and a net loss of $8.8 million YoY. Cash and equivalents were $123 million. Debt is $68 million. The current market consensus for Q2-2026 is $34.08 million. The company will report in July. AXT expects higher revenue for Q2, driven by Indium Phosphide sales. The company’s current backlog has surpassed $100 million. Synergies Data center buildouts and AI computing are driving demand for Indium Phosphide. AXT completed a capital raise for $632.5 million to increase Tongmei’s Indium Phosphide capacity. The company plans to double its Indium Phosphide capacity over the year. In 2027, the...
wildpixel/iStock via Getty Images The divergence between market prices and the high-frequency economic data is becoming more pronounced, as the major market indexes continue to record new all-time highs. Meanwhile, rates of change are deteriorating, as inflation and interest rates rise, while business activity outside of AI slows. Investors are looking past these headwinds as temporary and largely...
wildpixel/iStock via Getty Images The divergence between market prices and the high-frequency economic data is becoming more pronounced, as the major market indexes continue to record new all-time highs. Meanwhile, rates of change are deteriorating, as inflation and interest rates rise, while business activity outside of AI slows. Investors are looking past these headwinds as temporary and largely irrelevant, but each day that the Strait of Hormuz remains effectively closed increases the probability that what is assumed to be temporary will have a longer lasting adverse impact on our economy and markets. Regardless, stocks advanced for a fifth week, posting their best month of gains since 2020 and their longest weekly advance since 2024 on expectations that a deal between the Trump administration and Iran will be struck sooner than later. Weekly advance chart (Manulife) Recent headlines argue otherwise. Iran’s latest proposal calls for a complete end to the conflict within 30 days along with sanctions lifted, reparations paid, an end to the blockade, the withdrawal of US forces, and guarantees against renewed strikes, including Israel’s ongoing invasion of Lebanon. There is no mention of nuclear material. Again, this is a nonstarter for President Trump, which leaves him with two options. Either renew the strikes, which may require Congressional approval, or maintain the blockade and honor the ceasefire in hopes that economic pressure will force Iran to come to his terms. Neither is likely to end the conflict anytime soon. Bloomberg One thing that should concern investors is that President Trump seems far more reactive to stock prices than other economic data or market metrics. In other words, so long as the Dow Jones Industrial Average is flirting with 50,000 everything on the domestic front is just fine. The stock market is leaning on earnings strength, led by the technology sector, and the resilience in recent economic data that largely reflects pre-war conditions...
Meta Platforms (NASDAQ:META) just delivered one of the strongest quarters in its history, yet the stock sold off hard. That dislocation is exactly where our model finds opportunity. Our 24/7 Wall St. price target for Meta is $882.71 over the next 12 months, implying roughly 45% upside from the recent $608.75 close. Our model assigns ... AI-Driven Ad Pricing Could Push Meta Toward $1,000
Meta Platforms (NASDAQ:META) just delivered one of the strongest quarters in its history, yet the stock sold off hard. That dislocation is exactly where our model finds opportunity. Our 24/7 Wall St. price target for Meta is $882.71 over the next 12 months, implying roughly 45% upside from the recent $608.75 close. Our model assigns ... AI-Driven Ad Pricing Could Push Meta Toward $1,000
(RTTNews) - Superior Group of Companies, Inc. (SGC), a diversified manufacturer and provider of branded products, healthcare apparel, and contact center services, on Monday reported its return to profitability for the first quarter, driven by sales growth and lower interest expen
(RTTNews) - Superior Group of Companies, Inc. (SGC), a diversified manufacturer and provider of branded products, healthcare apparel, and contact center services, on Monday reported its return to profitability for the first quarter, driven by sales growth and lower interest expen
The Trump administration has brought US onshore wind development to a halt citing national security concerns, representing a major escalation in the president’s crusade against renewable energy. Approvals for about 165 onshore wind projects on private lands are being stalled by the Department of Defense, including wind farms which were awaiting final sign-off, others in the middle of negotiations ...
The Trump administration has brought US onshore wind development to a halt citing national security concerns, representing a major escalation in the president’s crusade against renewable energy. Approvals for about 165 onshore wind projects on private lands are being stalled by the Department of Defense, including wind farms which were awaiting final sign-off, others in the middle of negotiations and some that typically would not require oversight by the department, according to the American Clean Power Association (ACP) and people close to the matter. Wind farms require routine approval from the defence department to ensure they do not interfere with radar systems. This typically involves the level of risk being assessed and the developer paying an agreed sum for the army to update its radar filter system so it can locate the windmill. Some projects can be deemed not to pose a risk due to their distance from army facilities and flight paths. Normally these assessments can take as little as a few days to complete. Read full article Comments
According to a May 1, 2026, SEC filing , Climber Capital SA initiated a new position in the First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) , acquiring 145,633 shares. The estimated value of the trade was $3.76 million, calculated using the average unadjusted closing price during the quarter. The position’s end-of-quarter value, which includes price appreciation, stood at $4.07 m...
According to a May 1, 2026, SEC filing , Climber Capital SA initiated a new position in the First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) , acquiring 145,633 shares. The estimated value of the trade was $3.76 million, calculated using the average unadjusted closing price during the quarter. The position’s end-of-quarter value, which includes price appreciation, stood at $4.07 million. The First Trust Global Tactical Commodity Strategy Fund (FTGC) is a large, actively-managed ETF focused on delivering total return by investing in a broad basket of commodity futures. The fund employs a tactical asset allocation approach, dynamically adjusting its exposure to various commodity sectors in response to changing market trends. Continue reading
Andrii Yalanskyi/iStock via Getty Images Economists at Pantheon Macroeconomics are warning investors to temper expectations ahead of Friday’s April labor report, predicting payroll growth will fall well short of March’s strong showing. The firm forecasts just 75K new jobs in April, only slightly above the 62K consensus estimate. March’s 178K payroll increase was buoyed by mild weather and the reso...
Andrii Yalanskyi/iStock via Getty Images Economists at Pantheon Macroeconomics are warning investors to temper expectations ahead of Friday’s April labor report, predicting payroll growth will fall well short of March’s strong showing. The firm forecasts just 75K new jobs in April, only slightly above the 62K consensus estimate. March’s 178K payroll increase was buoyed by mild weather and the resolution of a major healthcare strike—factors unlikely to repeat. Samuel Tombs and Oliver Allen, the firm’s chief and senior U.S. economists, said the most reliable leading indicators of employment have remained weak. They cautioned investors to ignore many purported payroll predictors released this week, noting that data from providers like Revelio, Intuit, Paychex and LinkUp have proven less accurate than simply averaging the previous six months of first estimates. Pantheon Macroeconomics A calendar quirk will also weigh on the numbers. According to the economists, payrolls tend to undershoot consensus when the survey reference week falls shortly after Easter. This timing effect alone could shave roughly 20K jobs from the April count. Elevated temperatures during the survey period likely had a neutral impact, the economists said, as similarly warm weather in March probably pulled some activity forward. On unemployment, Pantheon expects the rate to hold steady at 4.3%. The Conference Board’s job availability survey suggests unemployment continues to trend upward over the past six months. Additionally, March’s decline in joblessness was partly driven by people pausing their job searches, many of whom may have resumed looking in April. More on the U.S. Economy Macro Insights: Sell In May At All-Time High? U.S.-Iran Ceasefire At Risk: Oil Pulls Rates Higher Week Ahead: RBA Hike, U.K. Local Elections, And U.S. Employment Report Weak dollar becomes hidden cost for U.S. consumers Households turning more hawkish on rates
Shares of GameStop (NYSE:GME) are sliding in early Monday trading, indicated to open down roughly 6% at around $25. The pullback follows Friday’s rally, when the stock closed at $26.53, up 6% on the session. The catalyst is a surprise, non-binding proposal from chief executive officer (CEO) Ryan Cohen for GameStop to acquire eBay (NASDAQ:EBAY) ... GameStop Slides After 6% Friday Rally: Can Ryan Co...
Shares of GameStop (NYSE:GME) are sliding in early Monday trading, indicated to open down roughly 6% at around $25. The pullback follows Friday’s rally, when the stock closed at $26.53, up 6% on the session. The catalyst is a surprise, non-binding proposal from chief executive officer (CEO) Ryan Cohen for GameStop to acquire eBay (NASDAQ:EBAY) ... GameStop Slides After 6% Friday Rally: Can Ryan Cohen Really Pull Off an eBay Buyout?