JHVEPhoto/iStock Editorial via Getty Images One of my favorite things about investing is being able to find new and interesting prospects to dig into. You can imagine my elation, then, when I came across Celestica ( CLS ), a company that has been growing rapidly over the last few years. The overall trajectory of the company is encouraging, but unfortunately, the stock is priced to match. In most c...
JHVEPhoto/iStock Editorial via Getty Images One of my favorite things about investing is being able to find new and interesting prospects to dig into. You can imagine my elation, then, when I came across Celestica ( CLS ), a company that has been growing rapidly over the last few years. The overall trajectory of the company is encouraging, but unfortunately, the stock is priced to match. In most cases, I would even consider this prospect slightly overvalued. But based on the path it is on and the success it has had in recent years, I think that rating it a "Hold" makes sense here. A Fast-Growing Prospect Most of the publicly traded companies that I analyze are incorporated in the U nited States . But not all of them. Celestica, for instance, is actually based out of Ontario, Canada. Before becoming its own separate company in September of 1996, the company had served as the manufacturing unit that offered up manufacturing services to IBM ( IBM ). It operated in that capacity for over 75 years before being acquired by another party and subsequently taken public in 1998. Today, the company promotes itself as a major player in technology, with an emphasis on enabling critical data center infrastructure for AI, cloud, and hybrid cloud companies. This space certainly has a lot of potential. According to Goldman Sachs ( GS ), back in 2023, the global cloud market was worth an estimated $496 billion. And by the year 2030, it's expected to grow to $2 trillion. To really understand this business, however, it would be helpful to look at both of its operating segments in turn. The largest and most impressive of these is none other than its Connectivity and Cloud Solutions, or CCS, segment. This is comprised of assets that cater to two separate end markets. These are none other than the Communications and Enterprise end markets. In essence, this segment focuses on building things such as servers, data storage systems, switches, optical systems, full data center racks, and more....
Wall Street is awash in “massive pools of capital” that should drive M&A activity over the long-term, even as volatility upends dealmaking, according to one of Goldman Sachs Group Inc. ’s top dealmakers. “There is an incredible amount of capital sitting with investors,” Stephan Feldgoise , Goldman’s head of global M&A, said in an interview Wednesday with Bloomberg TV. “Public equity, private equit...
Wall Street is awash in “massive pools of capital” that should drive M&A activity over the long-term, even as volatility upends dealmaking, according to one of Goldman Sachs Group Inc. ’s top dealmakers. “There is an incredible amount of capital sitting with investors,” Stephan Feldgoise , Goldman’s head of global M&A, said in an interview Wednesday with Bloomberg TV. “Public equity, private equity, public debt, private debt. That quantum of capital is substantial, looking to invest in transactions into companies. There’s lots of ways that capital can reach its destination.” The natural gravity of that flow is being reflected in what remains a fairly frothy M&A market, despite headwinds such as artificial intelligence upending software valuations. Leveraged buyouts are at all-time highs and the market for big-ticket M&A — deals worth $5 billion or $10 billion or more — is as good as it’s ever been, Feldgoise said. Corporations have learned after the pandemic that it’s important to keep doing deals that benefit them over years, not necessarily months. “If there is something that you think you should do to position you for the next, not 10 weeks or 10 months but 10 years or 20 years or 30 years, you should seriously think about doing it,” he said. The artificial intelligence boom is creating historic uncertainty, in that there’s no blueprint for navigating it, he said. While companies have some idea how to navigate a health or credit crisis, nobody knows what to really expect from AI, he said. “There’ll be some natural transitions,” Feldgoise said. “Obviously the impact of AI in that entire universe is to be seen but it’s clearly having an impact on valuations,” he added, referring to the software space. While AI is hurting software valuations, it’s having less of an impact on what Feldgoise described as “steel in the ground industries” as well as food businesses. He remains optimistic that 2026 will be a good year for M&A, despite current volatility. That’s one lesso...
The iShares Core S&P 500 ETF ( NYSEMKT: IVV ) and the State Street SPDR S&P 500 ETF Trust ( NYSEMKT: SPY ) both track the S&P 500 Index, but IVV stands out with a lower expense ratio, a higher yield, and greater assets under management. Both IVV and SPY provide exposure to large-cap U.S. equities by tracking the S&P 500. This comparison explores which fund may appeal more to investors seeking effi...
The iShares Core S&P 500 ETF ( NYSEMKT: IVV ) and the State Street SPDR S&P 500 ETF Trust ( NYSEMKT: SPY ) both track the S&P 500 Index, but IVV stands out with a lower expense ratio, a higher yield, and greater assets under management. Both IVV and SPY provide exposure to large-cap U.S. equities by tracking the S&P 500. This comparison explores which fund may appeal more to investors seeking efficient, low-cost access to the U.S. stock market, focusing on practical differences in cost, performance, risk, and portfolio structure. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Continue reading
Explosions lit up Tehran skyline as Israel launched new airstrikes but by morning joggers were in the park Middle East crisis – live updates The days after Nowruz, the Persian New Year, are usually a bustling time in Tehran, with spring arriving, trees blossoming, businesses reopening after the holidays, and people returning to work and school. This year, however, Iranians are trying to maintain a...
Explosions lit up Tehran skyline as Israel launched new airstrikes but by morning joggers were in the park Middle East crisis – live updates The days after Nowruz, the Persian New Year, are usually a bustling time in Tehran, with spring arriving, trees blossoming, businesses reopening after the holidays, and people returning to work and school. This year, however, Iranians are trying to maintain a semblance of ordinary life against the constant backdrop of explosions, airstrikes – and a conflict many fear may drag on for weeks or months. Continue reading...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.83%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.06%. June E-mini S&P futures (ESM26 ) are up +0.81%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.83%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.06%. June E-mini S&P futures (ESM26 ) are up +0.81%, and June E-mini Nasdaq futures...
The Court of Arbitration for Sport (Cas) says it will rule on Senegal's appeal against being stripped of the Africa Cup of Nations title "as swiftly as possible".
The Court of Arbitration for Sport (Cas) says it will rule on Senegal's appeal against being stripped of the Africa Cup of Nations title "as swiftly as possible".
JetBlue ( JBLU ) soared 14% on a report that it's evaluating plans to sell itself to a rival airline. JetBlue ( JBLU ) has tapped advisers to see how a deal with United Airlines ( UAL ), Alaska Airlines ( ALK ) or Southwest Airlines ( LUV ) might be perceived in Washington, according to a Semafor report on Wednesday, which cited people familiar with the matter. JetBlue's ( JBLU ) M&A planning is p...
JetBlue ( JBLU ) soared 14% on a report that it's evaluating plans to sell itself to a rival airline. JetBlue ( JBLU ) has tapped advisers to see how a deal with United Airlines ( UAL ), Alaska Airlines ( ALK ) or Southwest Airlines ( LUV ) might be perceived in Washington, according to a Semafor report on Wednesday, which cited people familiar with the matter. JetBlue's ( JBLU ) M&A planning is preliminary, and the airline may decide to keep the status quo and not try to sell itself, according to the report. It wasn't known whether JetBlue ( JBLU ) had held any talks or received indications of interest. JetBlue declined to comment on internal talks to Semafor. “We’ve made meaningful progress on our multi-year JetForward strategy and are focused on executing the plan,” a spokesman told the publication. United ( UAL ) and Southwest ( LUV ) declined to comment to Semafor. Alaska Air ( ALK ) didn’t immediately respond to a request for comment. Shares of rival airlines rose after the Semafor report. VLRS +5.1%, ULCC +4.7%, SKYW +2.6%, JETS +2.5%, ALK +2.3%, ALGT +2.1%, UAL +2%, DAL +2%, LUV +2%, AAL +1.6%, CPA +1.5%, SNCY +1.4% More on JetBlue Airways JetBlue Airways Corporation (JBLU) Presents at JPMorgan Industrials Conference 2026 - Slideshow JetBlue Airways Corporation (JBLU) Presents at JPMorgan Industrials Conference 2026 Transcript JetBlue: Oil Prices Are Surging And That's A Problem Airline stocks spooked by Duffy's comments on airport closures Strong airline booking trends lift travel sector stocks
Ecopetrol SA ’s board will meet March 30 to decide the fate of Chief Executive Officer Ricardo Roa , as pressure from politicians and workers risks paralyzing Colombia’s biggest company. Directors are weighing conflicting demands from President Gustavo Petro, who has publicly backed Roa, and the country’s largest oil workers union, which is threatening to strike unless he is removed, according to ...
Ecopetrol SA ’s board will meet March 30 to decide the fate of Chief Executive Officer Ricardo Roa , as pressure from politicians and workers risks paralyzing Colombia’s biggest company. Directors are weighing conflicting demands from President Gustavo Petro, who has publicly backed Roa, and the country’s largest oil workers union, which is threatening to strike unless he is removed, according to a person with knowledge of the discussions. In a meeting Tuesday, four of the nine board members supported ousting Roa, though no decision was reached and talks were adjourned until Monday, the person said. The split underscores the deep divisions facing the board as it confronts a high-stakes call with operational, political and market consequences. The deliberations follow probes by Colombia’s attorney general into Roa’s alleged influence peddling tied to the purchase of a luxury Bogotá apartment, as well as investigations into potential violations of spending limits in Petro’s 2022 presidential campaign, which he managed. Roa has denied wrongdoing. Ecopetrol declined to comment on the board’s division and upcoming meeting. The oil workers’ union, USO, said in a statement last week that the investigations “create risks” that could impair the company’s proper functioning and strategy. In a separate statement Tuesday, USO warned that the company could face scrutiny from the US Securities and Exchange Commission. Despite the investigations, the company’s shares have jumped 44% so far this year buoyed by a surge in oil prices and bets that a more market-friendly government will take office this year. Petro pushed back, saying on X that this “was not the time for management changes” and that the company should “stick to its plan until the very last day.” Colombia holds presidential elections in May, and while Petro is rallying his leftist base, he isn’t eligible for reelection. Roa has led Ecopetrol since April 2023, replacing Felipe Bayón after Petro moved to advance plans to...
A former nurse made history on Wednesday when she was enthroned as Archbishop of Canterbury, the first woman to lead the centuries-old mother church of the world’s 85 million-strong Anglican community. Sarah Mullally, 63, formally steps into the role after an abuse scandal led to the departure of her predecessor. The former midwife was formally installed in the historic ceremony at Canterbury Cath...
A former nurse made history on Wednesday when she was enthroned as Archbishop of Canterbury, the first woman to lead the centuries-old mother church of the world’s 85 million-strong Anglican community. Sarah Mullally, 63, formally steps into the role after an abuse scandal led to the departure of her predecessor. The former midwife was formally installed in the historic ceremony at Canterbury Cathedral in southeast England in front of around 2,000 people including heir to the throne Prince...
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2026. Brendan McDermid | Reuters Citrini Research, the firm that rattled markets earlier this year with a provocative bearish call on artificial intelligence, is out with another warning — this time arguing an oil-driven slowdown could send equities lower. Founder James van Geelen said persistently ...
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2026. Brendan McDermid | Reuters Citrini Research, the firm that rattled markets earlier this year with a provocative bearish call on artificial intelligence, is out with another warning — this time arguing an oil-driven slowdown could send equities lower. Founder James van Geelen said persistently high energy prices risk weighing on consumers and corporate earnings, creating a backdrop where stocks struggle even as the Federal Reserve eventually pivots toward rate cuts. "If the war doesn't end, equities will go lower," van Geelen wrote in a Substack post early Wednesday, pointing to geopolitical tensions as a key driver of sustained oil strength. Stocks recouped some of the losses Wednesday following reports that the U.S. has given Iran a plan to bring the conflict to an end, sending crude prices tumbling. However, the two countries appear to be very far apart, with Tehran turning down the U.S.'s ceasefire offer and demanding sovereignty over the Strait of Hormuz. The latest call builds on Citrini's growing reputation for contrarian macro views. In February, the firm published a widely circulated note arguing that the AI boom itself could ultimately hurt the economy, pushing unemployment as high as 10% if white-collar jobs are replaced by machines. Slowdown ahead? The core of Citrini's current thesis is that elevated oil prices act as a tax on growth, eroding purchasing power and tightening financial conditions without the Fed needing to take further action. With policy rates already near neutral, van Geelen argued that simply holding rates steady would be restrictive enough as the energy shock filters through the economy. "We live in a different world now, rates are close to neutral," he wrote. "If oil stays high, it would be restrictive enough simply to leave them where they are while oil prices filter through the rest of the economy and cause a slowdown." That dyn...
PCAST, the President’s Council of Advisors on Science and Technology, is generally not a high-profile group. It tends to be noticed when things go wrong, such as when the PCAST head named by Biden had to resign due to abusive behavior. Biden, who was generally supportive of science, didn't even name the members of PCAST until eight months after his inauguration. So it's no surprise that an adminis...
PCAST, the President’s Council of Advisors on Science and Technology, is generally not a high-profile group. It tends to be noticed when things go wrong, such as when the PCAST head named by Biden had to resign due to abusive behavior. Biden, who was generally supportive of science, didn't even name the members of PCAST until eight months after his inauguration. So it's no surprise that an administration that's been hostile to science took even longer to staff its version of the group. The list of appointees was finally released on Wednesday , and it's notable for its almost complete absence of scientists. There are still nine unfilled vacancies on the council, so it's possible more scientists will be named later. But for now, PCAST is heavily tilted toward extremely wealthy technology figures. These include investor Marc Andreessen, Google's Sergey Brin, Michael Dell of Dell, Larry Ellison of Oracle, Jensen Huang of NVIDIA, Lisa Su of AMD, and Mark Zuckerberg of Meta. But many of the lesser known names have similar backgrounds. Previously named chairs of PCAST are investor David Sacks and a former investment company CFO and current head of the Office of Science and Technology Policy, John Kratsios. Of the new appointees, Safra Catz also comes from Oracle, Fred Ehrsam co-founded Coinbase, and David Friedberg is another investor. Read full article Comments
guvendemir/iStock via Getty Images Palantir Technologies Inc. ( PLTR ) is retaining its strong adoption momentum with the Maven Smart System (MSS), an AI-powered defense platform developed by Palantir that integrates data from diverse sources, such as satellites and drones, to enhance military situational awareness, target identification, and logistics. Further, it accelerates sensor-to-shooter lo...
guvendemir/iStock via Getty Images Palantir Technologies Inc. ( PLTR ) is retaining its strong adoption momentum with the Maven Smart System (MSS), an AI-powered defense platform developed by Palantir that integrates data from diverse sources, such as satellites and drones, to enhance military situational awareness, target identification, and logistics. Further, it accelerates sensor-to-shooter loops for the U.S. military and NATO. Recently, Maven was designated as a Pentagon Program of Record, solidifying its position for long-term growth as it is more deeply utilized across military branches. In addition to increased government utilization, Palantir has consistently grown its commercial customer base along with its average revenue per customer, nearly $900k per customer. Given the strong momentum and government & commercial tailwinds, I am upgrading PLTR shares to a Strong Buy rating with a price target of $255/share at 59.98x eFY27 price/sales. You can review my previous coverage of Palantir here . Optimism is driven by continued top-line acceleration and stronger-than-expected margins. Palantir Technologies Operational Update Corporate Filings Palantir is currently facing a deep technical dilemma with the Trump administration “blacklisting” Anthropic ( ANTHRO ), suggesting that the AI development company is a supply chain risk and that defense tech companies should no longer use Claude. Setting the stage, I don’t believe Claude is in the wrong here; the firm stood its ground against its application to be used for fully autonomous weapons and for mass surveillance on American citizens. Nonetheless, President Trump provided agencies a 6-month phase-out period to decouple from Claude and begin using peer models like OpenAI ( OPENAI ). The transition away from Claude may impact defense contractors like Palantir, which has established an embedded partnership over the last year and a half. The partnership was established to be layered into Palantir’s AI Platform (AIP)...