Getty Images Aerospace & defense ETFs plunged into a correction territory after years of staggering returns. The selloff presents an attractive buying opportunity as secular uptrend is expected to accelerate in the quarters and years ahead. The recently launched iShares Defense Industrials Active ETF ( IDEF ) could be a solid investment vehicle for dip buyers and long term investors. IDEF seeks to...
Getty Images Aerospace & defense ETFs plunged into a correction territory after years of staggering returns. The selloff presents an attractive buying opportunity as secular uptrend is expected to accelerate in the quarters and years ahead. The recently launched iShares Defense Industrials Active ETF ( IDEF ) could be a solid investment vehicle for dip buyers and long term investors. IDEF seeks to maximize returns by holding positions in aerospace & defense and related-companies with the potential to benefit from higher spending. It outperformed popular aerospace & defense ETFs since its inception due to multiple factors, including global approach, diversification and active portfolio management. The fund's expense ratio is in-line with peers while liquidity is growing sharply. I initiate coverage of IDEF with a buy rating. Defense Industry’s Secular Growth Seems Strong IDEF, ITA, SHLD and PPA price selloff (Seeking Alpha) iShares Defense Industrials Active ETF, iShares US Aerospace & Defense ETF ( ITA ), Global X Defense Tech ETF ( SHLD ) and Invesco Aerospace & Defense ETF ( PPA ) plunged sharpy after hitting record levels. The selloff is supported by the potential US-Iran deal. The investors profit-taking added to a price decline. The selloff is likely to be temporary, given the rising global military spending, increased geo-political conflicts and race to equip armies with the latest defense technologies. According to the latest report from Stockholm International Peace Research Institute, military spending increased to $2.9 trillion in 2025 from $2.7 trillion in 2024. This marks 11th consecutive year of growth and represents 2.9% year-over-year boost. The spending was equivalent to 2.5% of the global GDP, the highest level since 2009. Excluding the US, the global military spending increased by more than 9% in 2025. Furthermore, the spending is expected to surge in 2026 and beyond. The US military spending could cross a $1 trillion level in 2026. Moreover, given...
Investing.com -- Nasdaq futures are edging higher on Wednesday as Wall Street braces for one of the most consequential earnings sessions of the year, with Alphabet, Amazon, Meta and Microsoft all set to report after the close.
Investing.com -- Nasdaq futures are edging higher on Wednesday as Wall Street braces for one of the most consequential earnings sessions of the year, with Alphabet, Amazon, Meta and Microsoft all set to report after the close.
US Gas Prices Hit Highest Level In 4 Years, Analyst Says Authored by Jack Phillips via The Epoch Times (emphasis ours), The average price for a gallon of gasoline hit its highest level in four years on Tuesday as the cost of a barrel of oil remains elevated amid the conflict with Iran , according to a prominent analyst. Customers pump gas at a gas station in Miami on April 13, 2026. Joe Raedle/Get...
US Gas Prices Hit Highest Level In 4 Years, Analyst Says Authored by Jack Phillips via The Epoch Times (emphasis ours), The average price for a gallon of gasoline hit its highest level in four years on Tuesday as the cost of a barrel of oil remains elevated amid the conflict with Iran , according to a prominent analyst. Customers pump gas at a gas station in Miami on April 13, 2026. Joe Raedle/Getty Images The national average price for a gallon of gas was $4.17, “the highest level since 2022,” and surpassed the $4.16 price reported earlier this month, said GasBuddy analyst Patrick de Haan in an X post on April 28. “We’ll continue to head higher for now,” he added. The American Automobile Association (AAA) also said the price for a gallon of regular gas reached just above $4.17, showing a 6-cent increase from Monday. The price of gas and oil surged after the United States and Israel launched strikes on Iran on Feb. 28, prompting the country to respond by attacking ships in the Strait of Hormuz and launching its own strikes on neighboring countries in the Middle East. Diesel was significantly higher on Tuesday , with AAA showing the price for a gallon at $5.46, an increase of 2 cents over Monday’s average. According to an AAA report in March, the nationwide average price for a gallon of gas stood at around $2.98 on Feb. 26, two days before the U.S. military launched the strikes. A federal Energy Information Administration (EIA) graph shows that gas prices reached $4.21 per gallon in April 2022, several weeks after Russia invaded Ukraine in February 2022. Prices may have been impacted by the United Arab Emirates’ announcement on Tuesday that the oil-rich country was quitting the Organization of the Petroleum Exporting Countries (OPEC) , dealing a blow to the oil producers’ group. The exit of the UAE weakens OPEC’s control over global oil supplies and will widen a rift between the UAE and neighboring Saudi Arabia. UAE Energy Minister Suhail Mohamed al-Mazrouei told Re...
GarryKillian/iStock via Getty Images Google ( GOOG )( GOOGL ) is expanding Gemini's "Memories," a feature that uses past chats to make better recommendations and lead to "more natural and relevant conversations," to the U.K. market, the company announced today. They also added a tool that allows users to copy and paste full chat histories with other chatbots, such as OpenAI's ( OPENAI ) ChatGPT or...
GarryKillian/iStock via Getty Images Google ( GOOG )( GOOGL ) is expanding Gemini's "Memories," a feature that uses past chats to make better recommendations and lead to "more natural and relevant conversations," to the U.K. market, the company announced today. They also added a tool that allows users to copy and paste full chat histories with other chatbots, such as OpenAI's ( OPENAI ) ChatGPT or Anthropic's ( ANTHRO ) Claude, directly into Gemini. This helps users build up their conversational background with the AI assistant. "We believe that the most helpful AI assistant is one that's personal to you, and understands your preferences and past conversations," said Maryam Sanglaji, group product manager of the Gemini app, in a blog post. "But if you're curious to try a different option, starting over with an assistant that doesn't know you can feel daunting." The memory feature was first released for subscribers of the Google One AI Premium plan in November 2024. It has since been updated and enhanced. However, it was not made available in the European Economic Area, Switzerland, or the U.K. They will be rolling it out in the U.K. over the next couple of weeks. More on Alphabet Alphabet Earnings Preview: Q1 Earnings Hinge On Margins And The Cloud Alphabet: Preparing For 'New Age' Q1 Earnings Alphabet: All-Time Highs May Be Ahead Alphabet Q1 preview: Ad resilience, cloud backlog, capex plans in spotlight California billionaire tax will be on the ballot in November
(RTTNews) - Canadian and U.S. futures point to a flat start on Bay Street Wednesday morning, ahead of interest rate decisions from the Bank of Canada and the Federal Reserve.
(RTTNews) - Canadian and U.S. futures point to a flat start on Bay Street Wednesday morning, ahead of interest rate decisions from the Bank of Canada and the Federal Reserve.
John Marshall Bancorp press release ( JMSB ): Q1 GAAP EPS of $0.43 beats by $0.03 . Revenue of $16.79M (+15.0% Y/Y) beats by $0.31M . Growing Book Value per Share and Dividends – Book value per share increased from $17.72 as of March 31, 2025 to $19.00 as of March 31, 2026, a 7.2% increase. On April 28, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.09 per share on...
John Marshall Bancorp press release ( JMSB ): Q1 GAAP EPS of $0.43 beats by $0.03 . Revenue of $16.79M (+15.0% Y/Y) beats by $0.31M . Growing Book Value per Share and Dividends – Book value per share increased from $17.72 as of March 31, 2025 to $19.00 as of March 31, 2026, a 7.2% increase. On April 28, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.09 per share on the Company’s common stock. More on John Marshall Bancorp Seeking Alpha’s Quant Rating on John Marshall Bancorp Historical earnings data for John Marshall Bancorp Dividend scorecard for John Marshall Bancorp Financial information for John Marshall Bancorp
(RTTNews) - A report released by the Commerce Department on Wednesday showed a sharp increase in new residential construction in the U.S. in the month of March but a steep drop in building permits.
(RTTNews) - A report released by the Commerce Department on Wednesday showed a sharp increase in new residential construction in the U.S. in the month of March but a steep drop in building permits.
Luis Alvarez Wholesale inventories climbed 1.4% M/M to $932.8B in March, compared with the +0.4% consensus and +0.9% prior (revised from +0.8%), according to preliminary data released by the U.S. Census Bureau on Wednesday. Y/Y, wholesale inventories increased 2.9%. Retail inventories for March were estimated at an end-of-month level of $823.5B, up 0.7% sequentially (vs. +0.3% prior) and +2.3% fro...
Luis Alvarez Wholesale inventories climbed 1.4% M/M to $932.8B in March, compared with the +0.4% consensus and +0.9% prior (revised from +0.8%), according to preliminary data released by the U.S. Census Bureau on Wednesday. Y/Y, wholesale inventories increased 2.9%. Retail inventories for March were estimated at an end-of-month level of $823.5B, up 0.7% sequentially (vs. +0.3% prior) and +2.3% from a year ago. Excluding autos, retail inventories were up 0.5% M/M in March, vs. the revised +0.4% prior. More on the U.S. Economy Oil Prices Advance Ahead Of What Will Likely Be Powell's Last FOMC Meeting (As Chair) JBND: Active Management Cannot Fix Structural Risk A Final Powell Pause At The Fed As Inflation Risks What happens to the economy when the Social Security fund runs dry? FOMC watch: Pantheon Macro sees the Fed standing pat as markets eye limited cuts