Anduril has begun production at its factory in Ohio, with the first uncrewed Fury fighter set to come off a production line in Ohio this summer. Anduril Executive Chairman and Founders Fund Partner Trae Stephens joins Caroline Hyde and Ed Ludlow on a special edition of “Bloomberg Tech” live from the Hill and Valley Forum in Washington. (Source: Bloomberg)
Anduril has begun production at its factory in Ohio, with the first uncrewed Fury fighter set to come off a production line in Ohio this summer. Anduril Executive Chairman and Founders Fund Partner Trae Stephens joins Caroline Hyde and Ed Ludlow on a special edition of “Bloomberg Tech” live from the Hill and Valley Forum in Washington. (Source: Bloomberg)
Pedro R. Buhigas, the chief information officer of Kodiak Gas Services (NYSE:KGS) , reported the sale of 13,942 shares of common stock for a transaction value of $777,000, according to a SEC Form 4 filing covering trades on March 19, 2026. Transaction value based on SEC Form 4 reported price ($55.73); post-transaction value based on March 19, 2026 market close price. * 1-year performance calculate...
Pedro R. Buhigas, the chief information officer of Kodiak Gas Services (NYSE:KGS) , reported the sale of 13,942 shares of common stock for a transaction value of $777,000, according to a SEC Form 4 filing covering trades on March 19, 2026. Transaction value based on SEC Form 4 reported price ($55.73); post-transaction value based on March 19, 2026 market close price. * 1-year performance calculated using March 19th, 2026 as the reference date. Continue reading
JHVEPhoto/iStock Editorial via Getty Images L3Harris Technologies ( LHX ) started high-volume production of its Vampire counter-drone system at a new facility in Huntsville, Alabama, as demand grows for defenses against unmanned aerial threats. L3Harris's Vampire counter-drone system (L3Harris) The production line is designed to support assembly, testing and installation of the system across diffe...
JHVEPhoto/iStock Editorial via Getty Images L3Harris Technologies ( LHX ) started high-volume production of its Vampire counter-drone system at a new facility in Huntsville, Alabama, as demand grows for defenses against unmanned aerial threats. L3Harris's Vampire counter-drone system (L3Harris) The production line is designed to support assembly, testing and installation of the system across different platforms, including ground vehicles and container-based configurations. The company said the setup allows output to scale depending on demand from the U.S. and allied governments. Vampire has been used in European combat operations since 2023, where it has been deployed to detect and engage small drones. The system is part of a broader push by defense contractors to address the increasing use of low-cost unmanned aircraft in modern conflicts. L3Harris ( LHX ) has expanded the Vampire platform in recent years to include versions tailored for land, maritime and air operations, as well as electronic warfare applications. The system has also been integrated onto additional military vehicle platforms. The move to ramp up production reflects continued investment across the defense sector in counter-drone capabilities, as militaries seek scalable and adaptable systems to respond to evolving battlefield threats. More on L3Harris Technologies L3Harris Technologies, Inc. (LHX) Presents at JPMorgan Industrials Conference 2026 Transcript L3Harris Technologies, Inc. (LHX) Analyst/Investor Day - Slideshow L3Harris Technologies, Inc. (LHX) Analyst/Investor Day Transcript SA Asks: What's the best drone stock right now? (Update) L3Harris reaches GPS receiver milestone as military focuses on signal resilience
Nopalera, a San Antonio-based premium beauty and lifestyle brand founded by Sandra Velasquez, has closed a $4 million funding round led by Morgan Stanley's Next Level Fund, co-led by L'ATTITUDE Ventures, with supporting investors including Sixty8 Capital, Siddhi Capital, Portfolia, Wealthing Club, Alamo Angels, Juniper Growth, Black and Latino Angel Fund, and 14 private investors— positioning the ...
Nopalera, a San Antonio-based premium beauty and lifestyle brand founded by Sandra Velasquez, has closed a $4 million funding round led by Morgan Stanley's Next Level Fund, co-led by L'ATTITUDE Ventures, with supporting investors including Sixty8 Capital, Siddhi Capital, Portfolia, Wealthing Club, Alamo Angels, Juniper Growth, Black and Latino Angel Fund, and 14 private investors— positioning the fast-growing company to expand its retail presence and product offerings.
milindri/iStock via Getty Images The sharp selloff in The Arena Group ( AREN ) shares has been a direct reflection of a market perspective for the digital media industry (especially independent publishers) as a major loser in the AI space. Data by YCharts Believing that there are exaggerations in the recent skepticism, the prognosis for AREN is arguably not as bad as the market paints, and valuati...
milindri/iStock via Getty Images The sharp selloff in The Arena Group ( AREN ) shares has been a direct reflection of a market perspective for the digital media industry (especially independent publishers) as a major loser in the AI space. Data by YCharts Believing that there are exaggerations in the recent skepticism, the prognosis for AREN is arguably not as bad as the market paints, and valuations have been discounted too much. Although I recognize that AREN needs to prove execution and innovate to regain market confidence, and not just depend on macro movements. At below $3 per share, I see asymmetry in the thesis, and that's why I continue with a bullish view in AREN. Why AREN Collapsed Despite Improving Fundamentals Since I first wrote about The Arena Group, things haven’t gone well for the stock price. The company has lost just over half of its market value, even though it is potentially in its strongest financial position in several years. Seeking Alpha I argued that until 2023, before being acquired by billionaire Manoj Bhargava (who bought the company’s debt and took a 65% stake in the company), The Arena Group was a virtually bankrupt, highly unprofitable company, burning through cash every year and carrying a heavy debt burden. But the scenario has changed dramatically since 2023, with The Arena Group cutting costs and reducing its workforce from 441 to 159 today, especially with the end of its contract with Sports Illustrated, enabling it to reverse operating losses in 2024, and posting $40.8 million in operating income in 2025—a positive figure for the first time since at least 2017—and EBITDA of $44.8 million. More importantly, The Arena Group once again reported positive cash from operations of $39.2 million in 2025, which was extremely important for reducing its total debt (it repaid $23.7 million in 2025), which now stands at $100 million ($89.7 million in net debt), implying a leverage ratio of ~2x. Seeking Alpha But, that being said, why did AREN...
JHVEPhoto/iStock Editorial via Getty Images Thesis: The recent downturn in Freeport-McMoran ( FCX ) offers a compelling entry point for this industry titan in the mining sector. The foundation of my bullish thesis rests on three pillars. First, despite recent geopolitical events and uncertainty over the US economy, the structural demand for copper thesis remains alive and well. Additionally, FCX i...
JHVEPhoto/iStock Editorial via Getty Images Thesis: The recent downturn in Freeport-McMoran ( FCX ) offers a compelling entry point for this industry titan in the mining sector. The foundation of my bullish thesis rests on three pillars. First, despite recent geopolitical events and uncertainty over the US economy, the structural demand for copper thesis remains alive and well. Additionally, FCX is trading at a discount to its earning potential. Lastly, the company’s Grasberg asset provides a catalyst independent of the macroeconomic environment to propel the stock forward. Consequently, I am issuing a buy rating on FCX. Company Profile Freeport-McMoran is one of the world’s leading international metals companies, headquartered in Phoenix, AZ. The company holds assets including the Grasberg minerals district in Indonesia, the Morenci minerals district in North America, and the Cerro Verde mine in South America. The business model is highly leveraged to the price of copper and mildly insulated from downturns due to credits received from gold and molybdenum byproducts. The company holds $58 billion in total assets and employs approximately 29,000 individuals globally as of December 31st, 2025. 2025 Annual Filing Fourth Quarter, 2025 Earnings Prior to digging into the pillars of the bull thesis, we will review the company’s most recent earnings from Q4, 2025. Freeport delivered a beat on both earnings and revenue for Q4, 2025 with revenue of $5.63 billion versus an estimate of $5.28 billion and earnings-per-share of $0.47, representing a 68% surprise from the $0.28 consensus estimate. Full year metrics for 2025 were also strong for Freeport. Adjusted EBITDA was $9.9 billion, operating cash flows were $5.6 billion and copper sales totaled 3.6 billion pounds. Moreover, operating income for U.S. copper mining improved roughly 3.5 times versus Q4, 2024, helping to make up for the loss of income due to the closure of Grasberg. Furthermore, Freeport realized an average price...
We Are/DigitalVision via Getty Images Today I have to confirm my bullish view shared in 2024 on the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF ( PDBC ). The structure of PDBC seems able to collect the fruits (if we want to call them that) of the consequences of what is happening in Iran. At 1 year, US break-even inflation ( BEI ) has exceeded 5%: a signal that the market expec...
We Are/DigitalVision via Getty Images Today I have to confirm my bullish view shared in 2024 on the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF ( PDBC ). The structure of PDBC seems able to collect the fruits (if we want to call them that) of the consequences of what is happening in Iran. At 1 year, US break-even inflation ( BEI ) has exceeded 5%: a signal that the market expects high inflation in the short term. But be careful, at 5 and 10 years, BEI remains flat. A signal that the market expects a transitory impact on inflation levels. Especially after Trump’s recent statement . At this point, a crossroads opens: if Trump’s words are true, an unpriced risk could be building on PDBC. Otherwise, an opportunity. My opinion leans more toward the first scenario. Key features to remember It is an actively managed ETF, built to offer exposure to a basket of commodities through derivatives. it has a clear objective: to outperform the DBIQ Optimum Yield Diversified Commodity Index Excess Return . In practical terms, the investor is not buying physical commodities, but an implementation strategy on futures and instruments linked to commodities. All without issuing Schedule K-1, unlike many commodity partnerships, making it more tax-efficient for retail investors. PDBC: 1-Year Performance Overview (Seeking Alpha) In doing so it has an expense ratio of 0.67% and a bid/ask spread with a median of about 0.06%. Costs still well covered by the yield: the dividend is variable, annual, entirely ordinary income, currently at 2.93%. It may seem distinctive at first glance but, in my view, not the real economic reason to own the fund. PDBC: Dividend Profile (Seeking Alpha) In this sense, the name “Optimum Yield” can be misleading if interpreted as an income-oriented feature for the investor, because the central “yield” of the strategy is the roll yield of futures, not a high and stable income stream. How it works The fund invests indirectly via a subsidiary in futu...
Jonathan Kitchen/DigitalVision via Getty Images Intro Utility income funds are supposed to be defensive in nature, offering steady monthly yields of between 6 and 8% and investing in reliable and boring utility companies that do not prefer to rock the boat. Reaves Utility Income Fund ( UTG ) has a $2.40 annual distribution and a current yield of about 6.2%. So UTG appears to fit that profile. Howe...
Jonathan Kitchen/DigitalVision via Getty Images Intro Utility income funds are supposed to be defensive in nature, offering steady monthly yields of between 6 and 8% and investing in reliable and boring utility companies that do not prefer to rock the boat. Reaves Utility Income Fund ( UTG ) has a $2.40 annual distribution and a current yield of about 6.2%. So UTG appears to fit that profile. However, UTG paid out over $206 million in distribution last year but generated just $28 million in net investment income. That means only 14% of the payout came from steady income, and the rest came from realized gains and portfolio appreciation. This is not how traditional utility funds operate. This is an important distinction for this fund. UTG’s performance has been driven by leveraged investment in stocks selected through a very specific criterion. That criterion is to build a portfolio tilted towards power producers specifically benefitting from AI-driven electricity demand. That system has worked out well for UTG. In the past year, UTG has delivered a strong 27% NAV gain vs. 14.72% for the S&P Utilities Index; however, that specificity also means that UTG behaves less like a defensive utility income fund and more like a leveraged equity strategy. The strategy has worked - so far - distributing returns in an income-like format. The Distribution Reality 86% of UTG’s distribution last year was sourced primarily from capital gains. Realized gains last year were $182.6 million, with another $558.4 million in unrealized appreciation in its portfolio. That means UTG is primarily relying on market performance, not portfolio income, to fund its payout. UTG has distributed over $1.7 billion to shareholders since its inception, showing how consistently this model has been executed We have seen this with well-managed funds before: a stable distribution does not have to mean that the underlying income is stable. That’s where management comes into the picture. Its job is not to sourc...
As Sinaloa’s conflict grinds on, firearms traced to recent US sales are increasingly linked to Arizona When war broke out within the Sinaloa cartel , one of Mexico’s most powerful criminal organisations, people hoped it would last just a few months. But more than a year and a half later it is still going, fuelled by a flow of firearms from the US – specifically from Arizona, which has surged past ...
As Sinaloa’s conflict grinds on, firearms traced to recent US sales are increasingly linked to Arizona When war broke out within the Sinaloa cartel , one of Mexico’s most powerful criminal organisations, people hoped it would last just a few months. But more than a year and a half later it is still going, fuelled by a flow of firearms from the US – specifically from Arizona, which has surged past Texas to become the top source of guns seized in Mexico and traced to a recent US purchase. Continue reading...
John Cage appeared on an Italian quizshow. Jean Genet stole rare books. Emily Carr reared bobtails. And Kathy Acker did X-rated acts with her boyfriend … we explore the unlikely sidelines of struggling artists Before he pioneered a new genre of semi-autobiographical writing, the great French novelist and playwright Jean Genet pioneered something very different indeed: a special briefcase for steal...
John Cage appeared on an Italian quizshow. Jean Genet stole rare books. Emily Carr reared bobtails. And Kathy Acker did X-rated acts with her boyfriend … we explore the unlikely sidelines of struggling artists Before he pioneered a new genre of semi-autobiographical writing, the great French novelist and playwright Jean Genet pioneered something very different indeed: a special briefcase for stealing valuable books that he would later resell – after reading them first, of course. “I perfected a trick briefcase,” he later recalled, “and I became so handy in these thefts that I could push politeness to the point of pulling them off under the very nose of the bookseller.” For as long as young people have dreamed of careers in the arts – as novelists, painters, poets, musicians and other species – they have had to measure their dreams against their economic circumstances. Often they have found a yawning gap between what they hope to do and what they have the means to pay for. Continue reading...
Hormel Foods, a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.25 cents a share on March 23, 2026, will be paid May 15, 2026, to stockholders of record at the close of business on Ap
Hormel Foods, a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.25 cents a share on March 23, 2026, will be paid May 15, 2026, to stockholders of record at the close of business on Ap
In trading on Tuesday, application software shares were relative laggards, down on the day by about 2.5%. Helping drag down the group were shares of UiPath, down about 9.5% and shares of TON Strategy down about 9.3% on the day. Also lagging the market Tuesday are information t
In trading on Tuesday, application software shares were relative laggards, down on the day by about 2.5%. Helping drag down the group were shares of UiPath, down about 9.5% and shares of TON Strategy down about 9.3% on the day. Also lagging the market Tuesday are information t
Wintrust (WTFC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Wintrust (WTFC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.