Blue Cities Across The US Are Spiraling Into Financial Collapse Many people are familiar with the "blue state exodus" over the past several years, but are they aware of the blue city business exodus? It might be one of the biggest economic stories in modern US history, and Democrats are trying to keep it as quiet as possible. There is a blood letting going on in blue cities; a financial disaster i...
Blue Cities Across The US Are Spiraling Into Financial Collapse Many people are familiar with the "blue state exodus" over the past several years, but are they aware of the blue city business exodus? It might be one of the biggest economic stories in modern US history, and Democrats are trying to keep it as quiet as possible. There is a blood letting going on in blue cities; a financial disaster in the making. And, like most financial disasters, it will probably be ignored until the house of cards comes crashing down completely. For this examination let's look at three very different examples, all facing similar crises. We start in New York City, where taxes have been consistently increased in order to offset the loss of billions in public revenues due to citizens leaving. NYC has experienced a net loss of around 220,000 residents since 2021, but it's not the number of residents that is most important. Rather, it is the wealth of those residents that matters. In the past two years alone, NYC has lost around 6000 businesses to closure or relocation, and the region is suffering from significant wealth decline. These losses represent tens of billions of dollars in tax revenues, erased from NYC coffers. And what did New Yorkers do? They elected Zohran Mamdani, doubling down on the far-left policies that caused the crisis in the first place. Today, Mamdani is launching his much hyped "wealth tax" with the intention of funding the many socialist programs he promised to implement during his campaign. Sadly for the new Mayor, he is only now starting to realize that the more he taxes successful residents the more they will simply leave. Companies including Apollo Management, JP Morgan Chase, ARK Investment, Wells Fargo and Citadel are all establishing primary corporate offices in Texas and Florida with rumors swirling that many other corporations are planning to leave NYC entirely. While Democrats deny this is a threat, the real test will be the wealth tax - Companies have b...
Shares of General Dynamics (NYSE: GD) rose this past week after the aerospace and defense giant delivered strong quarterly results. The Gulfstream G500. Image source: General Dynamics. General Dynamics' first-quarter revenue climbed 10.3% year over year to $13.5 billion. Continue reading
Shares of General Dynamics (NYSE: GD) rose this past week after the aerospace and defense giant delivered strong quarterly results. The Gulfstream G500. Image source: General Dynamics. General Dynamics' first-quarter revenue climbed 10.3% year over year to $13.5 billion. Continue reading
Abstract Aerial Art/DigitalVision via Getty Images Thesis review Last year, in June, I wrote an article reviewing both Xylem ( XYL ) and Badger Meter ( BMI ). As I was analyzing the financials of both firms, I concluded with a hold rating for Xylem and a sell rating for BMI. Both firms were trading at a premium valuation relative to their sector. The premium difference for Xylem was lower than the...
Abstract Aerial Art/DigitalVision via Getty Images Thesis review Last year, in June, I wrote an article reviewing both Xylem ( XYL ) and Badger Meter ( BMI ). As I was analyzing the financials of both firms, I concluded with a hold rating for Xylem and a sell rating for BMI. Both firms were trading at a premium valuation relative to their sector. The premium difference for Xylem was lower than the BMI's premium, while both were growing topline moderately. Since the publication of my article, XYL declined by 5.57%, and BMI lost half of its value, while the S&P 500 appreciated by 20.53%. Early this week, Xylem filed its Q1 earnings results. A couple of interesting things to note from the latest results are that the topline is still growing healthily at single digits and management has initiated a stock repurchase program that is aimed at returning value to shareholders while continuing to grow dividend payouts. My only concern is that, even though management bought back a chunk of stock last quarter, this cannot be done consistently due to debt maturities that spiked to the north of $500 million and are expected to be paid within the 12-month window. If the stock was trading at a fat discount to its sector and peers, I would have easily dismissed the debt concern and hit the bid. But given that the PE multiple is still at a 9.84% premium relative to the sector median, the buyback story alone is not enough catalyst to convince me out of my hold rating. performance since publication (Seeking Alpha) Historical performance Most stocks within the industrial and water infrastructure sector lagged the SPY in performance. The poor performance was largely caused by the tariff impact and moderate topline growth. The tariff headwind is for the most part behind us, but we are yet to see a recovery in topline. YoY, BMI witnessed a 44.78% drawdown, and Xylem was roughly flat. In comparison, the SPY appreciated by 31%. YoY performance vs SPY (YCharts) One outperforming stock among X...
The conventional thinking has always been that the only cryptocurrencies worth investing in are those that are capable of skyrocketing in value. But what if that thinking is all wrong? Instead of plowing money into moonshot meme coins and wildly speculative altcoins , investors might be better off investing in cryptocurrencies that target long-term stability. And there's arguably no more stable cr...
The conventional thinking has always been that the only cryptocurrencies worth investing in are those that are capable of skyrocketing in value. But what if that thinking is all wrong? Instead of plowing money into moonshot meme coins and wildly speculative altcoins , investors might be better off investing in cryptocurrencies that target long-term stability. And there's arguably no more stable cryptocurrency out there than Cardano (CRYPTO: ADA) . Cardano is a Layer-1 blockchain network, similar to Ethereum (CRYPTO: ETH) . Both have sprawling blockchain ecosystems and have embraced rapidly expanding niches such as decentralized finance (DeFi) as core drivers of their future growth. Continue reading
Actor who plays Dr Trinity Santos in popular TV series is starring in musical Just in Time in New York The Pitt star Isa Briones has issued a strong message to fans who have taken to shouting references to the medical drama at her while she is on stage in a Broadway musical. Briones, who is performing in the musical Just in Time, has rapidly risen to fame for her role in the hit HBO show, as resid...
Actor who plays Dr Trinity Santos in popular TV series is starring in musical Just in Time in New York The Pitt star Isa Briones has issued a strong message to fans who have taken to shouting references to the medical drama at her while she is on stage in a Broadway musical. Briones, who is performing in the musical Just in Time, has rapidly risen to fame for her role in the hit HBO show, as resident doctor Trinity Santos. In the second season of the show , which premiered in January, Santos repeatedly struggles with finishing her charting during her shift. Continue reading...
Asian equities jumped on Monday as tech stocks rallied following solid earnings from US mega caps, and after President Donald Trump said the US will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz. The MSCI Asia Pacific excluding Japan Index climbed as much as 2.7% to a record. Tech-heavy benchmarks in South Korea and Taiwan surged more than 3.5% each,...
Asian equities jumped on Monday as tech stocks rallied following solid earnings from US mega caps, and after President Donald Trump said the US will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz. The MSCI Asia Pacific excluding Japan Index climbed as much as 2.7% to a record. Tech-heavy benchmarks in South Korea and Taiwan surged more than 3.5% each, while markets in mainland China and Japan were among those shut for holidays. The moves came after the S&P 500 Index extended a record-breaking streak Friday to mark a fifth week of gains. The US benchmark also capped its best month since late 2020. Shares of SK Hynix Inc. soared nearly 10% while Taiwan Semiconductor Manufacturing Co. jumped more than 6%. A gauge of Chinese tech shares listed in Hong Kong climbed more than 3%. Markets like South Korea are currently performing well because of this artificial intelligence-driven trade or hype, Dilin Wu , a research strategist at Pepperstone Group, said in a Bloomberg TV interview. “I would be cautiously optimistic on the Asian market in general,” as the geopolitical uncertainty and high oil prices may be a constraint to equities, she said. Read more: Nvidia’s Push Into Physical AI Sparks Rally in Asian Partners Trump didn’t elaborate in the post on the specific steps the US would take to help ships exit the strait. US Central Command said Sunday that it would provide military support to restore commercial shipping through Hormuz, including the use of guided-missile destroyers, aircraft and drones.
A United Airlines plane hit a light pole and a delivery truck on a New Jersey highway while landing Sunday at Newark Liberty International Airport, officials said. Federal Aviation Administration (FAA) officials said the Boeing 767 landed safely after arriving from Venice, Italy, and the agency would investigate the incident. No injuries were reported on the plane, and the truck driver was taken t...
A United Airlines plane hit a light pole and a delivery truck on a New Jersey highway while landing Sunday at Newark Liberty International Airport, officials said. Federal Aviation Administration (FAA) officials said the Boeing 767 landed safely after arriving from Venice, Italy, and the agency would investigate the incident. No injuries were reported on the plane, and the truck driver was taken to the hospital with minor injuries and released, the Port Authority of New York and New Jersey said...