Here are the biggest calls on Wall Street on Wednesday. Goldman Sachs reiterates Broadcom as buy Goldman raised its price target to $500 per share from $480 ahead of Broadcom earnings. "We believe expectations are modestly elevated heading into the print, as CapEx spending patterns at key customer accounts remain strong." Oppenheimer upgrades Rubrik to outperform from perform The firm says it sees...
Here are the biggest calls on Wall Street on Wednesday. Goldman Sachs reiterates Broadcom as buy Goldman raised its price target to $500 per share from $480 ahead of Broadcom earnings. "We believe expectations are modestly elevated heading into the print, as CapEx spending patterns at key customer accounts remain strong." Oppenheimer upgrades Rubrik to outperform from perform The firm says it sees product strength. "We are upgrading Rubrik (RBRK) to Outperform (from Perform) and establishing a PT of $85, predicated on our strong checks from value-added resellers." Baird initiates Pinnacle Financial as outperform Baird says the risk/reward is too attractive to ignore. "We are initiating coverage of PNFP with an Outperform rating and $115 price target." William Blair reiterates Nvidia as outperform The firm says it's bullish on Nvidia earnings after the bell on Wednesday. "We expect Nvidia will report another beat-and-raise quarter this week, with second-quarter revenue guidance likely to exceed $90 billion." Needham initiates QuickLogic Corporation as buy Needham says the semis company has revenue upside. "We are initiating coverage of QuickLogic with a Buy rating and establishing a $22 PT." UBS upgrades Packaging Corp to buy from neutral UBS says the company has pricing power. "We upgrade PKG from Neutral to Buy, as we expect the $50/ton June price hike to stick amid improving demand and tight supply. High utilization and prior capacity cuts (10% of industry) support pricing power, potentially adding ~$290M in annualized EBITDA (half in 2026)." Jefferies upgrades C.H. Robinson to buy from hold Jefferies says the transport company has balance sheet optionality. 'We are upgrading CHRW to Buy following a recent HQ visit, which materially reinforced our conviction across three key dimensions: (1) a technology & productivity transformation that we believe is still in early innings, (2) a post- Montgomery regulatory environment that structurally favors scaled brokers, and...
By Aditya Kalra NEW DELHI, May 20 (Reuters) - Indian fashion-to-beauty retailer Nykaa has asked a New Delhi court to make Meta a party to a copyright dispute filed by media firm Zee, court documents show, in a case seen as having implications for the commercial use of music on Instagram. • Zee Entertainment has sued Nykaa for allegedly using its copyrighted songs in Instagram reels to promote i...
By Aditya Kalra NEW DELHI, May 20 (Reuters) - Indian fashion-to-beauty retailer Nykaa has asked a New Delhi court to make Meta a party to a copyright dispute filed by media firm Zee, court documents show, in a case seen as having implications for the commercial use of music on Instagram. • Zee Entertainment has sued Nykaa for allegedly using its copyrighted songs in Instagram reels to promote its products, seeking $210,000 in damages, Reuters reported this month. • In a non-public filing dated May 19 and seen by Reuters on Wednesday, Nykaa told the Delhi High Court that Meta must be included, as only it can "authoritatively state whether use" of music clips by Nykaa breached any licence terms. • Zee argues its licensing agreement with Meta allows individuals to use its music in posts, but only for non-commercial purposes. • Nykaa has also argued the dispute should first go to mediation, the filings show. • Legal experts say the case could have wider implications, given Nykaa and Zee are both major listed companies in India. • Meta, Nykaa and Zee did not respond to requests for comment. • Music and film copyright disputes have been in focus in India. Zee has also sued a Reliance-Disney joint venture over alleged use of its music, while the Reliance-led venture has filed a case against Zee over alleged Bollywood film licensing breaches. (Reporting by Aditya Kalra. Editing by Mark Potter)
News of the upcoming initial public offering (IPO) of SpaceX has lit up the investing community. Unusually, it is expected that some ordinary retail investors will be able to buy in at the offering price, though those shares will be hard to come by. But some are interested in getting exposure to the company even before it goes public. Private equity firms often provide seed money to growing compan...
News of the upcoming initial public offering (IPO) of SpaceX has lit up the investing community. Unusually, it is expected that some ordinary retail investors will be able to buy in at the offering price, though those shares will be hard to come by. But some are interested in getting exposure to the company even before it goes public. Private equity firms often provide seed money to growing companies in exchange for partial ownership. If those companies successfully go public later, that gives those firms an easy way to sell their stakes on the open market and realize their gains. But early access to potentially lucrative investments is why private equity funds have become a popular way to invest recently. If you're looking for early portfolio exposure to SpaceX, though, I think there's a better way to do it. Why it may not be a good idea There can be advantages to investing in companies while they are still private. Such companies are often younger and more speculative, and need investor dollars to grow themselves into the kinds of businesses that stock investors will value. The hope is that by the time they IPO, their values will have soared, and that they'll skyrocket further afterward, earning early investors who took a chance on them a bundle. However, that is not always the case. Some funds that invest in private equity are interval funds, which means you can only sell shares and withdraw your money at certain times. That's risky, since you don't always have access to your investments, and can't respond as rapidly as you might want to respond to changing circumstances. Other private equity funds invest in a range of companies. So, while you might be interested in SpaceX specifically, getting access to it by putting your money into such a fund means you're also getting a large assortment of other investments that you might not have picked. That kind of diversification is viewed as an advantage by many investors, but you should make sure you're acquainted with a...
Key Points Various funds provide access to the private equity companies that hold stakes in businesses like SpaceX, but those funds may be riskier investments. Alphabet owns more than 6% of SpaceX, according to recent regulatory filings. 10 stocks we like better than Alphabet › News of the upcoming initial public offering (IPO) of SpaceX has lit up the investing community. Unusually, it is expecte...
Key Points Various funds provide access to the private equity companies that hold stakes in businesses like SpaceX, but those funds may be riskier investments. Alphabet owns more than 6% of SpaceX, according to recent regulatory filings. 10 stocks we like better than Alphabet › News of the upcoming initial public offering (IPO) of SpaceX has lit up the investing community. Unusually, it is expected that some ordinary retail investors will be able to buy in at the offering price, though those shares will be hard to come by. But some are interested in getting exposure to the company even before it goes public. Private equity firms often provide seed money to growing companies in exchange for partial ownership. If those companies successfully go public later, that gives those firms an easy way to sell their stakes on the open market and realize their gains. But early access to potentially lucrative investments is why private equity funds have become a popular way to invest recently. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » If you're looking for early portfolio exposure to SpaceX, though, I think there's a better way to do it. Why it may not be a good idea There can be advantages to investing in companies while they are still private. Such companies are often younger and more speculative, and need investor dollars to grow themselves into the kinds of businesses that stock investors will value. The hope is that by the time they IPO, their values will have soared, and that they'll skyrocket further afterward, earning early investors who took a chance on them a bundle. However, that is not always the case. Some funds that invest in private equity are interval funds, which means you can only sell shares and withdraw your money at certain times. That's risky, since you don't always have access to yo...
Volatility has returned to Wall Street, with the S&P 500 declining for the third straight session on Tuesday after hitting an all-time closing high last week. High inflation and surging oil prices owing to the ongoing Iran war have been weighing on the economy, with consumer confidence hitting rock bottom. Also, concerns have been growing that the Federal Reserve could go for a rate hike as it str...
Volatility has returned to Wall Street, with the S&P 500 declining for the third straight session on Tuesday after hitting an all-time closing high last week. High inflation and surging oil prices owing to the ongoing Iran war have been weighing on the economy, with consumer confidence hitting rock bottom. Also, concerns have been growing that the Federal Reserve could go for a rate hike as it struggles to control sky-high inflation. Given the uncertainty, cautious investors looking for steady income and ways to protect their capital may consider holding or investing in dividend-paying stocks. Such stocks provide steady earnings through regular dividend payouts and can help mitigate the effects of market volatility. Three such stocks are: Taiwan Semiconductor Manufacturing Company Limited TSM, Qiagen N.V. QGEN and First Majestic Silver Corp. AG. Each of these stocks currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Concerns Grow Over Economy Treasury yields have surged lately on reports that inflation has been on the rise as the Iran war has led to a surge in oil prices. On Tuesday, the yield on the 30-year Treasury briefly climbed above 5.19%, reaching its highest level in nearly 19 years. Also, the 10-year Treasury note yield — a key benchmark for mortgage rates, auto loans, and credit card borrowing costs — jumped to 4.687%, its highest point since January 2025. The ongoing war with Iran has triggered a nearly 40% jump in oil prices, which has been weighing on the economy. Inflation, which was steadily heading toward the Federal Reserve’s 2% target, has been on the rise over the past couple of months. The latest inflation data showed that consumer prices continued to rise at a faster pace in April. According to the Bureau of Labor Statistics, the consumer price index (CPI) increased 0.6% from the previous month after climbing 0.9% in March. Compared with a year earlier, CPI was up 3.8% in Ap...
Volatility has returned to Wall Street, with the S&P 500 declining for the third straight session on Tuesday after hitting an all-time closing high last week. High inflation and surging oil prices owing to the ongoing Iran war have been weighing on the economy, with consumer confidence hitting rock bottom. Also, concerns have been growing that the Federal Reserve could go for a rate hike as it str...
Volatility has returned to Wall Street, with the S&P 500 declining for the third straight session on Tuesday after hitting an all-time closing high last week. High inflation and surging oil prices owing to the ongoing Iran war have been weighing on the economy, with consumer confidence hitting rock bottom. Also, concerns have been growing that the Federal Reserve could go for a rate hike as it struggles to control sky-high inflation. Given the uncertainty, cautious investors looking for steady income and ways to protect their capital may consider holding or investing in dividend-paying stocks. Such stocks provide steady earnings through regular dividend payouts and can help mitigate the effects of market volatility. Three such stocks are: Taiwan Semiconductor Manufacturing Company Limited TSM, Qiagen N.V. QGEN and First Majestic Silver Corp. AG. Each of these stocks currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Concerns Grow Over Economy Treasury yields have surged lately on reports that inflation has been on the rise as the Iran war has led to a surge in oil prices. On Tuesday, the yield on the 30-year Treasury briefly climbed above 5.19%, reaching its highest level in nearly 19 years. Also, the 10-year Treasury note yield — a key benchmark for mortgage rates, auto loans, and credit card borrowing costs — jumped to 4.687%, its highest point since January 2025. The ongoing war with Iran has triggered a nearly 40% jump in oil prices, which has been weighing on the economy. Inflation, which was steadily heading toward the Federal Reserve’s 2% target, has been on the rise over the past couple of months. The latest inflation data showed that consumer prices continued to rise at a faster pace in April. According to the Bureau of Labor Statistics, the consumer price index (CPI) increased 0.6% from the previous month after climbing 0.9% in March. Compared with a year earlier, CPI was up 3.8% in Ap...
Live theatre, Newcastle In Shelagh Stephenson’s spiky comedy, Virginia Woolf and Mary Astell become celestial companions, discussing religion, science and independence Mary Astell is not known for her knitting. If she is remembered at all, it is for being England’s first feminist. In 1694, she published A Serious Proposal to the Ladies , a treatise arguing for women’s education. Yet here she is wi...
Live theatre, Newcastle In Shelagh Stephenson’s spiky comedy, Virginia Woolf and Mary Astell become celestial companions, discussing religion, science and independence Mary Astell is not known for her knitting. If she is remembered at all, it is for being England’s first feminist. In 1694, she published A Serious Proposal to the Ladies , a treatise arguing for women’s education. Yet here she is with knitting needles and a handsome strip of pink wool. She is as surprised as anyone. In Shelagh Stephenson’s spiky comedy, that only makes her more anxious. She is in some kind of afterlife: it cannot be purgatory because that would be too Catholic for this high Anglican, but it does not seem like heaven either. Rather, it appears to be a repository for women on the verge of being forgotten. The panelled walls of Amy Watts’s set taper ominously into oblivion. What difference whether she could knit or not if she is to be written out of history anyway? At Live theatre, Newcastle , until 6 June Continue reading...
Tether has bought out SoftBank Group Inc.’s ownership in the digital-asset treasury company Twenty One Capital Inc., adding to its control over the Bitcoin accumulator as it seeks to merge the firm with two other businesses. Tether didn’t disclose how much it had paid for the stake, according to an announcement by the stablecoin company on Tuesday. SoftBank owned approximately 26% of Twenty One’s ...
Tether has bought out SoftBank Group Inc.’s ownership in the digital-asset treasury company Twenty One Capital Inc., adding to its control over the Bitcoin accumulator as it seeks to merge the firm with two other businesses. Tether didn’t disclose how much it had paid for the stake, according to an announcement by the stablecoin company on Tuesday. SoftBank owned approximately 26% of Twenty One’s publicly-listed shares, data compiled by Bloomberg shows, which was worth some $679 million. Tether owned around 45% of the firm prior to the acquisition. Last month, Tether proposed that Twenty One merge with Strike, a crypto trading and spending platform, and Elektron Energy, a Bitcoin mining firm, at a time when Twenty One’s main business of investing in Bitcoin has fallen out of favor. When the operation was first announced, publicly traded cryptocurrency treasury companies were popular, following the successful playbook of Michael Saylor’s Strategy Inc. After the price of Bitcoin went into decline, though, the shares of many treasury companies dropped even more sharply. Tether, SoftBank and an affiliate of Cantor Fitzgerald LP teamed up to create Twenty One in April last year, managing about 42,000 Bitcoin — or $3.9 billion — at launch.
remotevfx/iStock via Getty Images Twenty One Capital ( XXI ) was trading higher as it announced the formation of a bitcoin-native public company that gives investors a differentiated exposure to the cryptocurrency. Shares were 3.15% higher at $7.86 during pre-market trading on Wednesday. The company aims to bring bitcoin treasury, financial services, mining, and capital markets into a single opera...
remotevfx/iStock via Getty Images Twenty One Capital ( XXI ) was trading higher as it announced the formation of a bitcoin-native public company that gives investors a differentiated exposure to the cryptocurrency. Shares were 3.15% higher at $7.86 during pre-market trading on Wednesday. The company aims to bring bitcoin treasury, financial services, mining, and capital markets into a single operating platform focused on recurring revenue, capital-efficient bitcoin accumulation, and long-term value creation. Furthermore, Tether International, XXI's controlling stockholder, announced the acquisition of SoftBank Group's ( SFTBY ) ( SFTBF ) ( SFTB:CA ) stake in the company. More on Twenty One Capital, Inc. Twenty One Capital: A Bitcoin Treasury Company Under Scrutiny Twenty One Capital sees lowest short interest in April among mid-mega cap firms Most and least shorted $2B+ financial stocks in early March Financial information for Twenty One Capital, Inc.