Korneeva_Kristina/iStock via Getty Images Overview When I previously covered the BlackRock Floating Rate Income Trust ( BGT ), I downgraded my rating to a sell because of the poor earnings and likelihood of a reduced dividend. Since then, the debt markets have worsened, and there are growing concerns around the rate of defaults. The fund has experienced a slight pullback in share price, and I beli...
Korneeva_Kristina/iStock via Getty Images Overview When I previously covered the BlackRock Floating Rate Income Trust ( BGT ), I downgraded my rating to a sell because of the poor earnings and likelihood of a reduced dividend. Since then, the debt markets have worsened, and there are growing concerns around the rate of defaults. The fund has experienced a slight pullback in share price, and I believe there are more downside risks. BGT has released an updated annual report for its 2025 period, which prompted me to revisit the fund's earnings, risk profile, and outlook for the remainder of the year. At the time of my last coverage, BGT traded at a discount to NAV of 1.88%. Following the fund's pullback in share price, BGT now trades at a slightly larger discount to NAV of 3.08%. For reference, the fund has traded at an average discount to NAV of 3.45% over the last five years. Under normal conditions, I would say that this presents an attractive opportunity for accumulation. However, the fund's floating rate nature means that the success of BGT is ultimately reliant on a more favorable interest rate environment. As long as interest rates remain elevated, I believe the fund will continue to struggle to generate meaningful earnings and be exposed to the risk of defaults. CEF Data BGT now offers a starting dividend yield a little over 13% while issuing those payouts on a monthly basis. However, I believe that the fund's payouts are very generous, and BGT continues to pay out more than it actually earns. While income investors may enjoy the high level of dividend income generated, the payouts are actually hurting the stability of the underlying NAV. Therefore, the fund is at risk of seeing its share price continue its downward decline, which offsets the benefit of receiving a high yield. I believe that the distributions may eventually be cut when the discounted valuation is minimized. Fund Strategy According to the fund overview , BGT has total managed assets of $339.2M t...
Nathan Peterson, director of derivatives research and strategy at the Schwab Center for Financial Research, is telling clients to slow down on semiconductors after one of the sharpest rallies the group has produced in years. On the firm’s daily Schwab Market Update audio segment, Peterson noted that the PHLX Semiconductor Index climbed nearly 50% from ... Schwab Analyst: Chip Stocks Face ‘Overhead...
Nathan Peterson, director of derivatives research and strategy at the Schwab Center for Financial Research, is telling clients to slow down on semiconductors after one of the sharpest rallies the group has produced in years. On the firm’s daily Schwab Market Update audio segment, Peterson noted that the PHLX Semiconductor Index climbed nearly 50% from ... Schwab Analyst: Chip Stocks Face ‘Overhead Supply’ Risk After 50% Rally Off March Lows
Four states have recently passed legislation to limit teaching and assessments via screens for students. So has the United States' second-largest school district.
Four states have recently passed legislation to limit teaching and assessments via screens for students. So has the United States' second-largest school district.
(Bloomberg) -- A data-center developer sold $999 million of junk bonds for a project leased to a SoftBank Group Corp. subsidiary, capping April’s surge of debt issuance to help fund artificial intelligence efforts amid some concerns that such spending won’t pay off.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles...
(Bloomberg) -- A data-center developer sold $999 million of junk bonds for a project leased to a SoftBank Group Corp. subsidiary, capping April’s surge of debt issuance to help fund artificial intelligence efforts amid some concerns that such spending won’t pay off.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Says Iran Blockade ‘Incredible’ as Pump Prices Keep RisingTrump Fam
A Securities and Exchange Commission plan to let public companies cut quarterly disclosures to twice a year moved closer to reality after passing a White House review. The review, completed earlier this week according to a government website posting , will allow the SEC to formally unveil the plan and take public feedback. After receiving that input, commissioners would then need to vote again, ty...
A Securities and Exchange Commission plan to let public companies cut quarterly disclosures to twice a year moved closer to reality after passing a White House review. The review, completed earlier this week according to a government website posting , will allow the SEC to formally unveil the plan and take public feedback. After receiving that input, commissioners would then need to vote again, typically months later, on a final version for the rule to take effect. The agency has been working on the plan to revamp corporate disclosure requirements after President Donald Trump called last year to shift to semiannual reports from quarterly ones. US public companies have been required to report on a quarterly basis since 1970. Read More: End Quarterly Earnings Reports? Here’s the Debate: QuickTake SEC Chairman Paul Atkins previously vowed to fast-track the plan and said the change could save companies significant time and money. But advocates of quarterly reporting argue transparency helps investors make crucial decisions and reduces the potential for companies to bury bad news.
Palisades Investment Partners, LLC initiated a new stake in Amprius Technologies (NYSE:AMPX) , acquiring 369,476 shares in the first quarter of 2026. The estimated transaction value was $4.82 million, calculated using the period’s average closing price. As of March 31, 2026, the Amprius Technologies position was valued at $6.23 million. Full details are available in the SEC filing dated April 30, ...
Palisades Investment Partners, LLC initiated a new stake in Amprius Technologies (NYSE:AMPX) , acquiring 369,476 shares in the first quarter of 2026. The estimated transaction value was $4.82 million, calculated using the period’s average closing price. As of March 31, 2026, the Amprius Technologies position was valued at $6.23 million. Full details are available in the SEC filing dated April 30, 2026. Amprius Technologies manufactures and distributes lithium-ion batteries, including products using silicon nanowire anode technology. It serves the aerospace, defense, and electric vehicle industries. Los Angeles-based Palisades Investment Partners’ Q1 purchase of Amprius Technologies shares is a noteworthy event for investors, since the buy was a new stake, suggesting the investment advisory firm has a bullish outlook towards the stock. Continue reading
Getty Images At first glance, I couldn’t find a clear rationale behind the selloff after Sandisk Corporation ( SNDK ) reported its Q3 FY26 earnings. On Q3 results, the company reported $5.95B in sales, obliterating its previous guidance ($4.40B–$4.80B) and the Street's expectations of $4.72B. The beat on the bottom line was even more pronounced, with Q3 non-GAAP EPS coming in at $23.41 vs. the Str...
Getty Images At first glance, I couldn’t find a clear rationale behind the selloff after Sandisk Corporation ( SNDK ) reported its Q3 FY26 earnings. On Q3 results, the company reported $5.95B in sales, obliterating its previous guidance ($4.40B–$4.80B) and the Street's expectations of $4.72B. The beat on the bottom line was even more pronounced, with Q3 non-GAAP EPS coming in at $23.41 vs. the Street's expectations of $14.62. That's a 60% bear on EPS. As one would expect, the Q4 guide was also above consensus. So why is the stock down? Aside from the usual suspects (i.e., HFT algos and short-term traders taking profits), I think there is indeed one reason behind the drop: the NBM contracts. In this piece, I want to focus on what drove the selloff post Q3 FY26 earnings and assess whether it’s enough to make me sell, hold, or buy more. As you may infer based on my rating, I think Sandisk remains a strong buy, and I wish I had more cash sitting around to add to my existing position. The NBM (New Business Model) Contracts, Oversupply Risks, And Renegociations If I had to pick one reason behind the post-Q3 FY26 earnings selloff, aside from profit-taking, HFT algorithms doing their thing, and the (boring) consumer business, which was down 10% sequentially in Q3, I think the New Business Model raised some eyebrows. First, what is NBM? These are multiyear customer supply agreements, designed to make NAND sales less spot-market dependent and more contract-based. So far, NAND spot prices have been very favorable, with TrendForce now projecting a 70%-75% sequential increase in calendar Q2. TrendForce That may not last forever, as this pricing power will eventually come to an end as NAND chip supply catches up. Speaking of supply catching up: Reuters I admit that the headline above makes me a bit concerned. According to some sources , it seems that Chinese chipmaker Yangtze Memory Technologies (YMTC), China's largest maker of NAND flash memory chips, is planning to build two m...
Versant Media Group Inc. , the owner of the Golf Channel and E!, has agreed to sell the youth-sports app SportsEngine to PlayMetrics, a competitor backed by Genstar Capital , according to people familiar with the matter. A deal could be announced as early as Friday, the people said, asking not to be identified because the matter is private. Terms of the sale couldn’t be immediately learned. Bloomb...
Versant Media Group Inc. , the owner of the Golf Channel and E!, has agreed to sell the youth-sports app SportsEngine to PlayMetrics, a competitor backed by Genstar Capital , according to people familiar with the matter. A deal could be announced as early as Friday, the people said, asking not to be identified because the matter is private. Terms of the sale couldn’t be immediately learned. Bloomberg News reported in October that Versant had hired Lazard Ltd. to explore a sale that would have valued SportsEngine at $400 million to $500 million. Representatives for Versant and Genstar declined to comment. A representatives for PlayMetrics didn’t respond to a request for comment. Founded in 2008, SportsEngine allows parents to manage teams, collect money and communicate with players’ families, according to its website . It has 16 million athletes and 1.2 million teams using its software. NBC Sports Group bought the company in 2016. Versant, the parent of CNBC, USA Network, Fandango and other cable-TV networks, was spun off from Comcast Corp. in January. Versant Shares were up about 1% to $40.60 as of 9:45 am in New York trading on Friday, giving the company a market value of about $5.7 billion. Versant confirmed in December it was evaluating options for the business. Versant’s chief financial officer and chief operating officer Anand Kini said in March that “We see a lot of consolidation in youth sports market-wide, so we think it’s the right time for this review.” He added, “Just to be very clear, we like SportsEngine. It’s been a very good business for us...so we’re only going to pursue opportunities that genuinely maximize value for the long term.” The private equity firm Genstar Capital acquired PlayMetrics last year from Blue Star Innovation Partners and merged it with Stack Sports, according to a 2025 press release. PlayMetrics describes itself as a leading provider of operations management software for youth sports organizations. Youth sports technology is a fr...
Morning Brief hosts Julie Hyman and Myles Udland share their top takeaways for Apple's (AAPL) Q2 earnings and why its iPhone business is set up for long-term success.
Morning Brief hosts Julie Hyman and Myles Udland share their top takeaways for Apple's (AAPL) Q2 earnings and why its iPhone business is set up for long-term success.
According to an SEC filing dated April 30, 2026, Kailix Advisors LLC added 2.84 million shares of Dauch Corporation (NYSE:DCH) , formerly American Axle. The estimated transaction value was $15.9 million, calculated using the average closing price for the first quarter. The fund reported a quarter-end position worth $26.39 million, which reflects the combined effect of share purchases and price cha...
According to an SEC filing dated April 30, 2026, Kailix Advisors LLC added 2.84 million shares of Dauch Corporation (NYSE:DCH) , formerly American Axle. The estimated transaction value was $15.9 million, calculated using the average closing price for the first quarter. The fund reported a quarter-end position worth $26.39 million, which reflects the combined effect of share purchases and price changes during the period. Dauch Corporation is a Detroit-based manufacturer specializing in driveline and metal forming solutions for the automotive and industrial sectors. With a global footprint and a diversified product portfolio, the company serves a broad range of vehicle manufacturers and industrial clients. Dauch leverages advanced engineering capabilities to support both traditional and electric vehicle platforms , positioning itself as a key supplier in the evolving mobility landscape. Financial planning and investment advisory services provider Kailix Advisors holds a relatively small portfolio of just 10 holdings and $114 million in assets under management. Its increased stake in manufacturing company Dauch now represents 23% of its assets under management, making it a big bet for the company. Dauch stock is up more than 45% year over year as of April 29. Continue reading
Purcell Room, London Works by Kaija Saariaho, Imogen Holst and Chaines were woven into Manchester Collective’s concert that blended music with dance, theatre and multimedia, with cellist Laura van der Heijden at its heart Collaboration is an artform in itself, as Southbank Centre’s Multitudes festival has demonstrated over two weeks of sometimes divisive but never-less-than stimulating creative cr...
Purcell Room, London Works by Kaija Saariaho, Imogen Holst and Chaines were woven into Manchester Collective’s concert that blended music with dance, theatre and multimedia, with cellist Laura van der Heijden at its heart Collaboration is an artform in itself, as Southbank Centre’s Multitudes festival has demonstrated over two weeks of sometimes divisive but never-less-than stimulating creative cross-fertilisation. This final concert, fusing wildly contrasting disciplines, was among the most nourishing, a performance in which each partner had immersed themselves in the working practices of the others. The palpable sense of collegiality and mutual respect was as heartwarming as the music-making. The subject was butterflies, nature’s metamorphic miracles, whose complex physiological processes and unerring sense of purpose culminate in an eruption of kaleidoscopic colours. The multifaceted theatrical melange was the brainchild of experimental music pioneers Manchester Collective , cellist Laura van der Heijden , composer Chaines (Cee Haines ), dance theatre company Thick & Tight the Camberwell Incredibles , an arts collective of adults with learning disabilities. The three musical works, each one introduced for the visually or aurally impaired, couldn’t have been more different – Kaija Saariaho’s coruscating Sept Papillons, Imogen Holst’s delicate The Fall of the Leaf and a new multimedia work by Chaines entitled oysters sing of silkworms – yet the whole was invariably more than the sum of its parts. Continue reading...
Salesforce ( CRM ) released an investor presentation on Friday stating that it will change its revenue reporting structure from FY27 to better reflect its AI-focused “Agentic Enterprise” strategy. The new structure will mainly split revenue into two buckets: “Agentforce Apps” and “Data 360, Platform & Other." The company will group products like Sales, Slack, MuleSoft, and Tableau under broader AI...
Salesforce ( CRM ) released an investor presentation on Friday stating that it will change its revenue reporting structure from FY27 to better reflect its AI-focused “Agentic Enterprise” strategy. The new structure will mainly split revenue into two buckets: “Agentforce Apps” and “Data 360, Platform & Other." The company will group products like Sales, Slack, MuleSoft, and Tableau under broader AI-focused categories while separately reporting major acquisition revenue like Informatica for one year after closing. As per the presentation , recast FY26 data showed “Agentforce Apps” revenue grew 7% to about $26.7B, while “Data 360, Platform & Other” grew faster at 15% to nearly $12.7B. Total subscription and support revenue rose 10% to around $39.4B in FY26. It will also provide both old and new reporting formats during FY27 for easier comparison before fully switching to the new AI-focused structure in FY28. Following the restructuring news, the shares jumped ~3.34% to ~$182.42. More on Salesforce Salesforce: A+ Rated Bonds With 6.6% Yield Beat Oracle's 7.4% The Right Play On Salesforce Salesforce Valuation Reset: AI Growth, Low Debt, And A Much Higher Fair Value Case Salesforce sues Microsoft in UK over Teams bundling Salesforce tumbles, ending six-day gains as AI fears weigh