buradaki/iStock via Getty Images Intuitive Machines ( LUNR ) is gaining strong momentum across defense, civil, and commercial services through its robust portfolio designed to support autonomous operations on the moon, space-to-ground satcom infrastructure, and thermal management and power propulsion for satellite data center operations. With an increasing cadence of launches expected to commence ...
buradaki/iStock via Getty Images Intuitive Machines ( LUNR ) is gaining strong momentum across defense, civil, and commercial services through its robust portfolio designed to support autonomous operations on the moon, space-to-ground satcom infrastructure, and thermal management and power propulsion for satellite data center operations. With an increasing cadence of launches expected to commence in 2027 through NASA’s Artemis program to develop the support infrastructure on the surface of the moon, LUNR may be in a strong position to leverage its expanded manufacturing capacity for satellites and rovers, setting the stage for a major uplift in growth over the next decade. With a robust outlook across multiple space domains, I am recommending shares with a Buy rating with a price target of $38.81/share at 5.86x eFY28 price/sales. Intuitive Machines Operational Update LUNR experienced a mixed quarter, with earnings falling below analyst estimates while the long-term outlook significantly improved. Through a number of contract awards in the quarter, LUNR grew its backlog from $213mm in q4’25 to $1.055b in q1’26, up nearly 400%. Accordingly, 60-65% of the backlog is expected to convert to revenue throughout eFY26, setting LUNR up for robust operational performance. Within the quarter, LUNR secured an indefinite delivery, indefinite quantity [IDIQ] contract with the US Space Force Systems Command, a development agreement with L3Harris ( LHX ), and an expansion of its NASA CLPS award, all in addition to the backlog brought in through the acquisition of Lanteris . Corporate Filings The US Space Force Andromeda IDIQ contract is a 10-year agreement with a $6.24b ceiling, providing LUNR the ability to compete for the next design for advanced systems for tracking and characterizing objects in geosynchronous orbit. Accordingly, the US Space Force has awarded $1.843b under the program to 14 companies to develop the orbital surveillance systems designed to detect, track, and att...
Indian conglomerate Adani Group is reviving plans to seek about $1 billion through a US-listed dollar-denominated bond, according to people familiar with the matter, a move reflecting its intent to return to the US financing market as its legal troubles there ease . The ports-to-power group, controlled by billionaire Gautam Adani , has begun early-stage internal discussions and informal consultati...
Indian conglomerate Adani Group is reviving plans to seek about $1 billion through a US-listed dollar-denominated bond, according to people familiar with the matter, a move reflecting its intent to return to the US financing market as its legal troubles there ease . The ports-to-power group, controlled by billionaire Gautam Adani , has begun early-stage internal discussions and informal consultations with advisers, the people said, asking not to be identified because the deliberations are private. Any proceeds from the bond sale, carried out by its energy unit Adani Green Energy Ltd., would go toward capital expenditures and refinancing needs, they said. This week, Gautam Adani and his nephew Sagar have agreed to pay a total of $18 million to settle US Securities and Exchange Commission allegations that they made false and misleading representations about Adani Green Energy. The proposed settlement paves the way for the group to ramp up investment and capital-raising after months of battling the allegations. The fundraising may take place over the next three to four quarters, or by early next year, the people said. If carried out, it would mark the first US-listed debt issuance by an Adani Group firm, they added. An Adani Group spokesperson declined to comment. In November 2024, Adani Green sought to revive a dollar bond offering, about a month after shelving the deal following investors’ demand for a higher yield. But just days later, the SEC alleged in its lawsuit that Adani spearheaded an effort to pay or promise hundreds of millions of dollars in bribes to Indian officials to win contracts Adani Green needed to develop India’s largest solar power plant project. US Authorities Move to End Fraud Cases Against Gautam Adani (2) Adani Power Seeks 80 Billion Rupees in Debt to Fund Expansion Adani Group Unveils Restructuring as It Positions for Growth Following the proposed settlement, most of Adani Group’s dollar bonds rose on Friday. An Adani Green Energy note due in...
The global AI boom is driving orders back to Chinese foundries as overseas rivals shift production towards high-margin AI chips and high-bandwidth memory, creating a shortage in mature-node semiconductors, according to the head of China’s top contract chipmaker. “AI demand has directly pushed power-management and other mature capacity into shortage,” said Zhao Haijun, co-CEO of Semiconductor Manuf...
The global AI boom is driving orders back to Chinese foundries as overseas rivals shift production towards high-margin AI chips and high-bandwidth memory, creating a shortage in mature-node semiconductors, according to the head of China’s top contract chipmaker. “AI demand has directly pushed power-management and other mature capacity into shortage,” said Zhao Haijun, co-CEO of Semiconductor Manufacturing International Corporation (SMIC), during the company’s first-quarter earnings call on...
Dilok Klaisataporn/iStock via Getty Images Investment Thesis PROG Holdings, Inc. ( PRG ) is a buy as it remains undervalued while generating significant free-cash-flow [FCF] and predictably growing gross merchandise volume [GMV] and revenue through 2028. I have decided to write a follow-up article since PROG has changed significantly since my last article in November 2025. PROG has experienced the...
Dilok Klaisataporn/iStock via Getty Images Investment Thesis PROG Holdings, Inc. ( PRG ) is a buy as it remains undervalued while generating significant free-cash-flow [FCF] and predictably growing gross merchandise volume [GMV] and revenue through 2028. I have decided to write a follow-up article since PROG has changed significantly since my last article in November 2025. PROG has experienced the following changes: Acquired Purchasing Power at the end of 2025. Returned to GMV and revenue growth with management issuing growth guidance through 2028. De-leveraged PROG’s balance sheet by paying off $210 million of recourse debt, which was used to partially fund the Purchasing Power acquisition. In the following article, I will answer several questions to decide if I should remain invested in PROG or if I should sell some or all of my position to capture the ~24% gain since my last article. Figure 1: Previous Article Stock Price (Seeking Alpha) Company Overview History: PROG was created in a spinoff from Aaron’s Holding Company in December 2020. However, PROG’s main revenue segment, Progressive Leasing, originated in 1999. This means the core lease-to-own business of PROG has been operational for over 26 years. Core Business: The main revenue segment for PROG is Progressive Leasing, which accounted for over 80% of PROG's total revenue in 2025 and produces ~30-32% gross margins. Progressive Leasing provides lease-to-own solutions for customers of all financial backgrounds. Typically, these solutions are provided to individuals that cannot qualify for traditional loans. Which means these customers do carry credit risk. However, PROG actively manages their loan portfolio and targets a lease merchandise write-off rate of ~7.5%. Purchasing Power, which PROG recently acquired at the end of 2025, is PROG’s second-largest revenue segment at ~14.5% of revenue. Purchasing Power offers a no-cost employer benefit that allows employees to purchase items and have the cost directly de...
Streetoncamara/iStock via Getty Images Stock futures slipped Friday morning after reports confirmed that recent high-level diplomatic talks between Washington and Beijing failed to address critical semiconductor trade restrictions. Here are some of Friday's biggest stock movers: Biggest stock gainers Figma ( FIG ) +8% - Shares gained after the company reported stronger-than-expected Q1 results, hi...
Streetoncamara/iStock via Getty Images Stock futures slipped Friday morning after reports confirmed that recent high-level diplomatic talks between Washington and Beijing failed to address critical semiconductor trade restrictions. Here are some of Friday's biggest stock movers: Biggest stock gainers Figma ( FIG ) +8% - Shares gained after the company reported stronger-than-expected Q1 results, highlighted by a 46% Y/Y jump in revenue to $333.4M and adjusted EPS of $0.10, both topping Wall Street estimates. The digital design platform also issued upbeat guidance, forecasting Q2 revenue of $348M-$350M and raising its full-year revenue outlook to $1.42B-$1.43B, ahead of consensus expectations. Figma said the quarter was driven by broad seat expansion across organizations and growing adoption of its AI products, while its net dollar retention rate climbed to 139%, the highest level in over two years. Papa John's ( PZZA ) +5% - Shares rose following a report that the company’s largest franchisee, Nadeem Bajwa, plans to join Irth Capital in a potential takeover bid for the pizza chain. Bajwa, who controls about 10% of Papa John’s domestic stores, is reportedly set to make a significant investment to support Irth’s $47-per-share offer, which is also backed by Brookfield Asset Management. Papa John’s is said to be reviewing the proposal, though no deal is guaranteed. Biggest stock losers Nu Holdings ( NU ) -5% - Shares fell after the company posted Q1 earnings and revenue that missed Wall Street estimates. Purchase volume also missed forecasts at $39.5B. Despite the weaker-than-expected results, Nubank added 4M customers during the quarter, taking its global customer base above 135M, while monthly average revenue per active customer climbed to $15.9. CEO David Vélez also highlighted the company’s growing use of AI through its proprietary NuFormer models across lending and credit card operations. Taiwan Semiconductor Manufacturing ( TSM ) -3% - Shares slipped after the chip...
Andrew Richardson helped her win slam as an 18-year-old Partnership to start at Strasbourg in French Open buildup Emma Raducanu has rehired Andrew Richardson, the coach who helped guide her to her sensational US Open triumph in 2021, on a formal basis as she prepares to return to competition next week in Strasbourg in the buildup to the French Open. Richardson will accompany Raducanu at the WTA 50...
Andrew Richardson helped her win slam as an 18-year-old Partnership to start at Strasbourg in French Open buildup Emma Raducanu has rehired Andrew Richardson, the coach who helped guide her to her sensational US Open triumph in 2021, on a formal basis as she prepares to return to competition next week in Strasbourg in the buildup to the French Open. Richardson will accompany Raducanu at the WTA 500 event as she competes for the first time in two months after being sidelined by post-viral illness. During the early days of her return to the courts, Raducanu travelled to Richardson’s base at the Ferrer Academy in La Nucía, Spain, near Benidorm, for a clay-court training block that doubled as a trial period for a potential formal partnership. Continue reading...
The crypto hacks came a little over two weeks apart in April, netting the attackers almost $600 million in total while triggering an investor exodus from one major platform and causing another to fail. But for all the damage the two exploits wrought, what most alarmed cybersecurity experts was how the hackers pulled them off. The attackers — widely believed to be North Korea-linked groups — appear...
The crypto hacks came a little over two weeks apart in April, netting the attackers almost $600 million in total while triggering an investor exodus from one major platform and causing another to fail. But for all the damage the two exploits wrought, what most alarmed cybersecurity experts was how the hackers pulled them off. The attackers — widely believed to be North Korea-linked groups — appear to have used artificial intelligence to select targets and design exploits, according to blockchain forensics firm TRM Labs. The heists displayed such a leap in sophistication that it’s highly likely the hackers worked with the help of AI, said TRM investigator Nick Carlsen, who specializes in North Korean crypto crime. AI in criminal hands would mark a sharp escalation of the threat facing crypto, which has lost billions of dollars to hacks over the past few years. The industry is uniquely exposed to digital theft because of the nature of the blockchain infrastructure it operates on. Investors yanked some $9 billion in two days from a lending protocol used to launder proceeds from one of the April hacks, showing how quickly confidence can vanish even when the platform itself isn’t the target. “There is no room for error in security” now, said Nicholas Smart, chief intelligence officer at blockchain investigations firm Crystal Intelligence. Hanging over it all is Mythos, the AI model Anthropic PBC has withheld from wide release over its cybersecurity risks. While there’s no evidence the hackers had access to it, researchers say it’s only a matter of time before criminals obtain more powerful AI tools. And Anthropic’s own research shows that even existing agents are highly capable of exploits. Read more: Inside Anthropic’s Race to Assess the Dangers of Mythos Decentralized finance, a $130 billion corner of the industry where investors trade, borrow and lend cryptocurrencies over automated protocols, has become particularly vulnerable. The number of DeFi exploits soared to a...