HSBC analysts just slashed their recommendation on the world's most valuable pharmaceutical company, Eli Lilly, signaling a potential cooling period for the red-hot obesity drug trade that has come to dominate market narratives of the sector. Analysts led by Rajesh Kumar downgraded Lilly to Reduce from Hold, cutting their target price to $850 from $1,070, arguing the stock is currently "priced to ...
HSBC analysts just slashed their recommendation on the world's most valuable pharmaceutical company, Eli Lilly, signaling a potential cooling period for the red-hot obesity drug trade that has come to dominate market narratives of the sector. Analysts led by Rajesh Kumar downgraded Lilly to Reduce from Hold, cutting their target price to $850 from $1,070, arguing the stock is currently "priced to perfection" and faces significant headwinds as competition intensifies. The market for obesity drugs might not be as large as previously believed, they said. Kumar argues that consensus total addressable market (TAM) expectations for weight loss drugs, at about $150 billion by the turn of the decade, are too high and are "due for correction." Instead, the TAM is likely to be between $80 billion and $120 billion by 2032, with significant pricing competition as well, Kumar said. Lilly stock has gained 20% over the past 12 months, far outperforming shares of its main rival in the obesity space, Danish drugmaker Novo Nordisk , which has fallen 55% over the same period. Its stock price fell 0.9% in pre-market trading in response to the downgrade. LLY NVO 1Y mountain Lilly shares have outperformed Novo's In February, Lilly and Novo issued diverging outlooks , with the former forecasting revenues to grow around 25% in 2026, driven by its mega-blockbuster GLP-1 drugs Zepbound and Mounjaro. Meanwhile, Novo, the maker of Ozempic and Wegovy, sees its top line shrinking by 5% to 13%, citing pricing pressure and the sector's still largely untested price/volume dynamics. "The divergence of Lilly's guidance with Novo's has been puzzling, not just to us, but [to] most investors," Kumar said. "The main reason for the divergence seems to stem from Lilly's success in the cash pay channel. "Rising working capital intensity at Lilly, headline price pressures, and rebate dynamics at both companies indicates to us that the pricing dynamics are likely to get worse." Kumar also cut his price target...
Fauzi Muda/iStock via Getty Images The outlook for the S&P 500's dividends dimmed since previous snapshot of their future. For all five quarters in our forecast window, all showed decreases, though of varying amounts. Here is our summary of how the outlook for the S&P 500's quarterly dividends per share has changed in the past month for the current quarter of 2026-Q1, the remaining three quarters ...
Fauzi Muda/iStock via Getty Images The outlook for the S&P 500's dividends dimmed since previous snapshot of their future. For all five quarters in our forecast window, all showed decreases, though of varying amounts. Here is our summary of how the outlook for the S&P 500's quarterly dividends per share has changed in the past month for the current quarter of 2026-Q1, the remaining three quarters of 2026, and the first quarter of 2027: 2026-Q1: Decrease of $0.25 , falling to $21.46 per share 2026-Q2: Decrease of $0.08 , dipping to $19.62 per share 2026-Q3: Decrease of $0.05 , ticking down to $20.28 per share 2026-Q4: Decrease of $0.30 , dropping to $20.12 per share 2027-Q1: Decrease of $0.40 , declining to $21.20 per share The following chart shows how expectations for the S&P 500's quarterly dividends per share changed in the month from 13 February 2026 to 13 March 2026. In the next edition of this series, we'll show 2026-Q1 as finalized and will add 2027-Q2 to the outlook. If the outlook for dividends continues to dim, we'll have to drag out our old thesaurus to find new expressions to describe the negative changes, since we blew through all the ones we keep on ready standby for this edition. More About Dividend Futures Data For this series, we take a snapshot of the CME Group's S&P 500 quarterly dividend futures data shortly after the second or third week of each month. Dividend futures indicate the amount of dividends per share to be paid out over the period covered by each quarter's dividend futures contracts, which start on the day after the preceding quarter's dividend futures contracts expire and end on the third Friday of the month ending the indicated quarter. For example, as determined by dividend futures contracts, the now "current" quarter of 2026-Q1 began on Saturday, 20 December 2025, and will end later this week, on Friday, 20 March 2026. The upcoming quarter of 2026-Q2 will become the current quarter on Saturday, 21 March 2026, and end on Friday, 19...
CrowdStrike ( CRWD ) and Nebius ( NBIS ) announced a global partnership to offer CrowdStrike’s Falcon cybersecurity platform on Nebius AI Cloud. The move aims to bring enterprise-grade security to fast-growing AI environments. Nebius AI Cloud ( NBIS ) is designed for distributed AI workloads, combining dedicated NVIDIA AI infrastructure with high-performance NVIDIA networking and an integrated sof...
CrowdStrike ( CRWD ) and Nebius ( NBIS ) announced a global partnership to offer CrowdStrike’s Falcon cybersecurity platform on Nebius AI Cloud. The move aims to bring enterprise-grade security to fast-growing AI environments. Nebius AI Cloud ( NBIS ) is designed for distributed AI workloads, combining dedicated NVIDIA AI infrastructure with high-performance NVIDIA networking and an integrated software stack to support training and inference at scale. Integrating the Falcon platform enables joint customers to extend their existing security policies and response workflows to AI workloads on Nebius. Separately, Nebius ( NBIS ) announced plans to offer $3.75B in convertible senior notes, split into two tranches: $2B due in 2031 and $1.75B due in 2033. NBIS shares are down -6.5% premarket. More on Nebius Group, CrowdStrike Nebius: Buy On Game-Changing Updates Nebius: Meta's $27B Deal Is The Ultimate Proof-Of-Concept Nebius: Demand Is There, But CapEx Is The Key Variable Nebius Group preps $3.75B capital raise following Meta & Nvidia deals, shares down Nebius surges after Meta's up to $27B AI infrastructure deal
With the U.S.–Iran conflict now in its 16th day, volatility in U.S. markets has intensified. Key indices and multiple sectors have seen steep declines, driving many stocks into oversold territory. While such conditions indicate heavy selling pressure, they can also set the stage for short-term recoveries if company fundamentals stay intact. Below are some of the most oversold stocks for financial ...
With the U.S.–Iran conflict now in its 16th day, volatility in U.S. markets has intensified. Key indices and multiple sectors have seen steep declines, driving many stocks into oversold territory. While such conditions indicate heavy selling pressure, they can also set the stage for short-term recoveries if company fundamentals stay intact. Below are some of the most oversold stocks for financial stocks, based on momentum indicators Mitsubishi UFJ Financial Group ( MUFG ), Relative Strength Index 30, 15-day pref: -9.18%. Rocket Companies ( RKT ), Relative Strength Index 30, 15-day pref: -15.78%. Citizens Financial Group ( CFG ), Relative Strength Index 30, 15-day pref: -8.92%. Synchrony Financial ( SYF) , Relative Strength Index 30, 15-day pref: -7.08%. Allianz SE ( ALIZY ), Relative Strength Index 30, 15-day pref: -6.41%. Aegon ( AEG ), Relative Strength Index 30, 15-day pref: -8.24%. Sanlam ( SLLDY ), Relative Strength Index 30, 15-day pref: -17.62%. The Carlyle Group ( CG ), Relative Strength Index 30, 15-day pref: -12.92%. The PNC Financial Services Group ( PNC ), Relative Strength Index 30, 15-day pref: -6.11%. More on Mitsubishi UFJ Financial, Citizens Financial Group, etc. Sanlam Limited (SLLDY) Q4 2025 Earnings Call Transcript Citizens Financial Group, Inc. (CFG) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript The PNC Financial Services Group, Inc. (PNC) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript Quant ratings roundup for firms exposed to private credit as concerns grow Carlyle Group to sell SierraCol Energy to the Philippines' Prime Infrastructure
Futures Rebound From Overnight Selling To Trade At Session Highs Amid Constant Iran Newsflow Stock futures have reversed overnight losses and traded at session high, just above the flatline, despite diesel topping $5 a gallon - the highest since 2022 - with Iran expanding attacks on energy infrastructure around the Middle East and Israel targeting military / security leadership, reportedly killing...
Futures Rebound From Overnight Selling To Trade At Session Highs Amid Constant Iran Newsflow Stock futures have reversed overnight losses and traded at session high, just above the flatline, despite diesel topping $5 a gallon - the highest since 2022 - with Iran expanding attacks on energy infrastructure around the Middle East and Israel targeting military / security leadership, reportedly killing Iran security chief Ali Larijani and the commander of Iran’s paramilitary Basij unit. As of 8:15am ET, S&P futures were up 0.1%, while Nasdaq futures were still red, with most big tech stocks edging lower except Nvidia after its bullish sales outlook. KOSPI leading overseas up 163bps but other parts of Asia strong as well with TWSE up 148 and Brazil bouncing +125bps. China property the notable laggard down 85bps. Cyclicals rallying in Europe with autos and chemicals squeezing higher. Large miss in German ZEW expectations with current data point more or less in line. Australia’s central bank raised interest rates on Tuesday as the conflict in Iran worsened existing concerns around an acceleration in inflation and the country’s reliance on oil imports. Energy prices are off their highs as markets analyze the outcome of a partial opening of SoH, even as forecasts for production curtailments to grow from ~6.5mm bpd (Mar 13) to ~12mm bpd (Mar 20). US transport fuels continue to surge. For investors, growth optimism is tanking, inflation expectations are jumping, and cash levels are surging, according to Bank of America. WTI was back near $100 after an Iraqi oil field and key Emirati port were targeted by Iranian drones and missiles. Trump reiterated his appeals for other nations to help secure the Strait of Hormuz, which has still only seen a trickle of vessels pass through. He also delayed a summit with China for about a month. Bond yields are flat to up 1bp, the USD is mixed though the JPM desk flows remain defensive via USD buying. US economic data slate includes weekly ADP ...
This market will resolve to "Down" if the official NASDAQ closing price for E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless that Friday were a market holiday, in which case it would refer to Thursday, or the next most recent trading day. If the two specified closing prices are exactly equal, this market will resolve 50-50. Note that...
This market will resolve to "Down" if the official NASDAQ closing price for E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless that Friday were a market holiday, in which case it would refer to Thursday, or the next most recent trading day. If the two specified closing prices are exactly equal, this market will resolve 50-50. Note that all figures will be rounded to the nearest cent using standard rounding. If AMZN does not trade at all during the regular session, the market will resolve 50-50. If either of the relevant days are shortened (for example, due to a market holiday schedule), the official closing price published by NASDAQ for that shortened session will still be used for resolution. If either of the relevant days have no official closing price (for example, due to a trading halt into the market close, system issue, delisting, or other disruption), the market will use the last valid on-exchange trade price of the regular session as the effective closing price. The resolution source for this market is NASDAQ, specifically the exchange-certified Close values published at Market Opened: Mar 17, 2026, 8:00 AM ET Volume $0 End Date Mar 18, 2026 Market Opened Mar 17, 2026, 8:00 AM ET Resolution Source https://www.nasdaq.com/market-activity/stocks/amzn/historical Resolver 0x65070BE91... This market will resolve to "Up" if the official NASDAQ closing price for Amazon.com , Inc. (AMZN) on Wednesday, March 18, 2026 is higher than the official NASDAQ closing price for AMZN on the most recent prior trading day.This market will resolve to "Down" if the official NASDAQ closing price for Amazon.com , Inc. (AMZN) on Wednesday, March 18, 2026 is lower than the official NASDAQ closing price for AMZN on the most recent prior trading day.E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless that Friday were a market holiday, in which case it would refer t...
Local Bounti ( LOCL ) announced on Tuesday that it secured $15 million through the issuance of a convertible note with an existing strategic investor. "We are pleased to continue to have the strong support of our financing partners as we execute on our growth strategy," said Kathleen Valiasek , President and Chief Executive Officer of Local Bounti. "This additional capital from an existing strateg...
Local Bounti ( LOCL ) announced on Tuesday that it secured $15 million through the issuance of a convertible note with an existing strategic investor. "We are pleased to continue to have the strong support of our financing partners as we execute on our growth strategy," said Kathleen Valiasek , President and Chief Executive Officer of Local Bounti. "This additional capital from an existing strategic investor provides us with the financial flexibility to invest in our operations and drive long-term value creation." LOCL -0.96% after hours to $1.03. Source: Press Release More on Local Bounti Financial information for Local Bounti
With the cost of living sky-high, Americans are having a difficult time covering their annual expenses and saving enough for retirement. To make matters worse, Americans may need to save more than ever to live comfortably in retirement, as life expectancy increases. That's why the earlier you can start saving, the better. President Donald Trump's signature legislation, the One Big Beautiful Bill, ...
With the cost of living sky-high, Americans are having a difficult time covering their annual expenses and saving enough for retirement. To make matters worse, Americans may need to save more than ever to live comfortably in retirement, as life expectancy increases. That's why the earlier you can start saving, the better. President Donald Trump's signature legislation, the One Big Beautiful Bill, which Congress passed last year, largely focused on making temporary tax cuts from Trump's first term permanent and also passing new ones. The bill also included a provision that helps parents start saving for their children as soon as they are born. The new Trump Accounts Trump Accounts are a new way for children under 18 to start saving for retirement. They are essentially like an individual retirement account (IRA), although the funds are managed by an adult, typically a parent or guardian, until the child turns 18. The goal is to capitalize on the power of savings and compounding by giving children as much time as possible to accumulate wealth for retirement. To qualify for a Trump Account, children must be under 18 years old on Dec. 31 of the year a parent or guardian opens the account. They must be U.S. citizens, and each child can have only one account. Children born between Jan. 1, 2025, and Dec. 31, 2028, will receive a $1,000 government contribution to the account. Custodians of the accounts will be able to invest $5,000 per year per child in both 2026 and 2027, and then limits will increase based on inflation starting in 2028. The contributions do not include the $1,000 from the government. Contributions are made on an after-tax basis, meaning they can't be deducted from one's taxable income. However, all growth will be taxed as ordinary income when withdrawals are made. Employers will also be able to contribute $2,500 to Trump Accounts per year per employee. Trump Accounts must be invested in funds tracking a qualified U.S. stock index that is not leveraged and ...
Key Points One provision in the One Big Beautiful Bill Act is the creation of Trump Accounts. Trump Accounts are tax-advantaged savings accounts for children under 18. Parents with newborn children between the start of 2025 and the end of 2028 can also qualify for a special bonus. The $23,760 Social Security bonus most retirees completely overlook › With the cost of living sky-high, Americans are ...
Key Points One provision in the One Big Beautiful Bill Act is the creation of Trump Accounts. Trump Accounts are tax-advantaged savings accounts for children under 18. Parents with newborn children between the start of 2025 and the end of 2028 can also qualify for a special bonus. The $23,760 Social Security bonus most retirees completely overlook › With the cost of living sky-high, Americans are having a difficult time covering their annual expenses and saving enough for retirement. To make matters worse, Americans may need to save more than ever to live comfortably in retirement, as life expectancy increases. That's why the earlier you can start saving, the better. President Donald Trump's signature legislation, the One Big Beautiful Bill, which Congress passed last year, largely focused on making temporary tax cuts from Trump's first term permanent and also passing new ones. The bill also included a provision that helps parents start saving for their children as soon as they are born. 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 » The new Trump Accounts Trump Accounts are a new way for children under 18 to start saving for retirement. They are essentially like an individual retirement account (IRA), although the funds are managed by an adult, typically a parent or guardian, until the child turns 18. The goal is to capitalize on the power of savings and compounding by giving children as much time as possible to accumulate wealth for retirement. To qualify for a Trump Account, children must be under 18 years old on Dec. 31 of the year a parent or guardian opens the account. They must be U.S. citizens, and each child can have only one account. Children born between Jan. 1, 2025, and Dec. 31, 2028, will receive a $1,000 government contribution to the account. Custodians of the accounts will be abl...
In the world of artificial intelligence (AI) stocks, CoreWeave (CRWV +5.73%) has been a notable name. The cloud computing company is an emerging player in AI infrastructure and computing capacity, as it builds out data centers equipped with graphics processing units to handle complex computing tasks. CoreWeave stock is up 100% over the last year as it partners with Nvidia and rakes in deals with m...
In the world of artificial intelligence (AI) stocks, CoreWeave (CRWV +5.73%) has been a notable name. The cloud computing company is an emerging player in AI infrastructure and computing capacity, as it builds out data centers equipped with graphics processing units to handle complex computing tasks. CoreWeave stock is up 100% over the last year as it partners with Nvidia and rakes in deals with major tech companies such as Meta Platforms. But the downside is that CoreWeave -- for all of its potential -- isn't profitable yet. It posted a net loss of $1.16 billion in 2025, including $452 million in the fourth quarter alone, as it scales up its capacity. Investing in a company that's still taking losses isn't everyone's cup of tea. So, if your risk tolerance has you turning away from CoreWeave, here are some outstanding -- and profitable -- AI stocks that may better fit your portfolio. Sandisk Sandisk (SNDK +6.25%) is a fascinating company. The company, which is renowned for its NAND flash storage products and other computing memory devices, was acquired by Western Digital a decade ago. But in 2023, Western Digital spun Sandisk back off, creating a new company that packages flash products from Sandisk and Western Digital, solid-state drives (SSDs), memory cards, and USB drives. Expand NASDAQ : SNDK Sandisk Today's Change ( 6.25 %) $ 41.36 Current Price $ 702.98 Key Data Points Market Cap $104B Day's Range $ 687.17 - $ 718.73 52wk Range $ 27.89 - $ 725.00 Volume 11K Avg Vol 17M Gross Margin 34.81 % The company was the best performer in all of the S&P 500 in 2025 and is leading the way so far again this year, up 151% through March 4. Like CoreWeave, Sandisk has an emerging opportunity in its data center segment, which was its fastest-growing area of business in the second quarter of fiscal 2026. The segment brought in $440 million in revenue, up 76% from a year ago and 64% from the first quarter. But unlike CoreWeave, Sandisk is already a profitable company. Revenue in ...
The cryptocurrency XRP (XRP +1.88%) has lost more than 60% of its value since peaking near $3.65 last July. It now trades around $1.38, roughly the same price it was before the Securities and Exchange Commission (SEC) dropped its case against Ripple and before spot XRP exchange-traded funds (ETFs) -- like the Canary XRP ETF -- launched in the U.S. Two of the biggest catalysts bulls had been waitin...
The cryptocurrency XRP (XRP +1.88%) has lost more than 60% of its value since peaking near $3.65 last July. It now trades around $1.38, roughly the same price it was before the Securities and Exchange Commission (SEC) dropped its case against Ripple and before spot XRP exchange-traded funds (ETFs) -- like the Canary XRP ETF -- launched in the U.S. Two of the biggest catalysts bulls had been waiting years for have come and gone, and the token is right back where it started. Expand CRYPTO : XRP XRP Today's Change ( 1.88 %) $ 0.03 Current Price $ 1.50 Key Data Points Market Cap $92B Day's Range $ 1.48 - $ 1.60 52wk Range $ 1.14 - $ 3.65 Volume 5B And yet, Ripple -- the company behind XRP -- is in the strongest position it's ever been in. Its RLUSD stablecoin has crossed $1.6 billion in market capitalization. Ripple spent more than $2 billion on acquisitions last year, including a prime brokerage clearing over $3 trillion annually. The company was even granted a national trust bank charter. And according to Motley Fool Research, this is happening as more people than ever own crypto. So why is XRP still down? And where will XRP's price be five years from now? There's a key difference in Ripple's products The banking system's adoption of Ripple's technology should, in theory, drive demand for the token. That's the narrative that has made XRP one of the most popular cryptocurrencies on the market. But this misunderstands how banks actually use Ripple's products. RippleNet (Ripple has recently rebranded its products, but it's useful to use the names people know) is a settlement system that enables faster, cheaper cross-border transactions. But it's essentially a messaging service, and banks use it without ever touching XRP. This is the product that 300-plus banking partnerships -- including Bank of America and Santander -- actually rely on. On-Demand Liquidity (ODL) -- again, since rebranded, but ODL is what people know -- is the product that uses XRP as a bridge asset, con...
DaveAlan American Airlines ( AAL ) updated its guidance for the first quarter to reflect stronger-than-expected demand and higher fuel prices. The revised guidance was reported in a filing with the U.S. Securities and Exchange Commission ahead of the company’s presentation at the J.P. Morgan Industrials Conference in Washington on Tuesday. “With stronger than expected demand, driven by effective e...
DaveAlan American Airlines ( AAL ) updated its guidance for the first quarter to reflect stronger-than-expected demand and higher fuel prices. The revised guidance was reported in a filing with the U.S. Securities and Exchange Commission ahead of the company’s presentation at the J.P. Morgan Industrials Conference in Washington on Tuesday. “With stronger than expected demand, driven by effective execution of the Company’s commercial initiatives and a solid demand backdrop,” American Airlines ( AAL ) now expects first-quarter revenue to be up over 10%, representing the highest year-over-year quarterly revenue growth in the carrier’s history. This compares to the prior outlook for a 7% to 10% increase in total revenue year-over-year. Costs per available seat mile excluding fuel (CASM-ex) are expected to be up 4% to 5% versus prior guidance for an increase of 3% to 5% To reflect the “meaningful” increase in the price of fuel, the company sees an impact of ~$400M and now expects an adjusted loss per share to be at the lower end of its prior guidance for a loss of $0.10 to $0.50 per share. Shares of American Airlines ( AAL ) are 4% higher in Tuesday’s premarket trading. More on American Airlines American Airlines: Riskiest Legacy U.S. Airline Stock, Avoid American Airlines Craters On Earnings, But The Valuation Now Screams Buy (Rating Upgrade) American Airlines: Mayday, Strong-Sell Confirmed Cuba opens door to foreign investment as the lights go out Quant ratings roundup for airlines as sector slides amid Middle East disruptions
Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley reiterates Nvidia as overweight Morgan Stanley says Nvidia laid out a "winning strategy" at its GTC Conference on Monday. "The central message is that NVIDIA based inference has clear cost per token leadership that gets better with Rubin, and our checks agree. Financial commentary positive but understated, which we like. Reiterat...
Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley reiterates Nvidia as overweight Morgan Stanley says Nvidia laid out a "winning strategy" at its GTC Conference on Monday. "The central message is that NVIDIA based inference has clear cost per token leadership that gets better with Rubin, and our checks agree. Financial commentary positive but understated, which we like. Reiterate Top Pick." Deutsche Bank reiterates Uber as buy Deutsche says it's bullish on the company's partnership with Nvidia. " Uber 's newly announced expansion of its partnership with NVIDIA represents, in our view, yet another milestone that formalizes and meaningfully scales their prior agreement." BMO initiates Navan at outperform BMO sees a compelling risk/reward for the travel company. "We initiate coverage of Navan ( NAVN) at Outperform with a $13 target price." Read more. Needham reiterates Amazon as buy Needham says Amazon is best positioned for AI. "Since AMZN owns the largest product catalog, fulfillment network, pricing data, reviews, consumer purchase information, and merchant relationships, AI agents will become an additional source of demand feeding AMZN's backend, aiding its rev growth, we believe." Morgan Stanley upgrades Lemonade to overweight from equal weight The bank says it likes the company's partnership with Tesla. "Lemonade's Tesla partnership represents an important first step and gives Lemonade first-mover advantage in data analysis and on-the-ground experience. While Lemonade is offering a 50% discount on auto insurance when full self-driving (FSD) is engaged in Tesla vehicles, the company is maintaining underwriting discipline based on the quotes we viewed." Read more. Wells Fargo upgrades Dover to overweight from equal weight Wells says the industrial conglomerate is well positioned during the Middle East war. "If conflict persists, DOV has limited Middle East exposure, pricing power for any inflationary pressure, dry powder for share repo, and limit...
At its investor day last week, Lucid Group LCID outlined how it plans to evolve from a niche luxury EV maker to a scaled, technology-driven mobility platform. The company detailed its upcoming midsize vehicle platform, its next-generation powertrain technology, and a broader strategy centered on software, autonomy and partnerships to expand revenue streams. While Lucid has built a strong brand in ...
At its investor day last week, Lucid Group LCID outlined how it plans to evolve from a niche luxury EV maker to a scaled, technology-driven mobility platform. The company detailed its upcoming midsize vehicle platform, its next-generation powertrain technology, and a broader strategy centered on software, autonomy and partnerships to expand revenue streams. While Lucid has built a strong brand in the premium EV segment with the Air sedan and Gravity SUV, management acknowledged that achieving meaningful scale and positive free cash flow will require moving into higher-volume segments and improving manufacturing efficiency. The company believes that expanding into midsize and autonomy could boost Lucid’s total addressable market from roughly $40 billion now to nearly $700 billion. Those ambitions sound compelling. But are they strong enough to offset Lucid’s current challenges and make the stock a buy now? Let’s dig deeper. Investor Day Takeaways Midsize Platform to Expand Market Opportunity A major highlight of the investor day was Lucid’s upcoming midsize vehicle platform, which will underpin three new models. The first vehicle, an SUV called Cosmos, is expected to launch first, followed by another SUV named Earth roughly a year later. A third consumer model will be introduced at a later stage. Vehicles built on this architecture are expected to start at around $50,000, placing Lucid more directly in competition with companies such as Tesla TSLA and Rivian Automotive RIVN as it targets higher-volume segments. Both Rivian and Lucid are making efforts to succeed in a challenging EV market by broadening their vehicle portfolios and advancing technology to better compete with industry leader Tesla. At the core of the new midsize platform is Atlas, Lucid’s next-generation electric drive unit designed to simplify manufacturing, lower costs, and improve efficiency as production scales. Operational Improvements Lucid also highlighted progress in operational performance. Pr...
At its investor day last week, Lucid Group LCID outlined how it plans to evolve from a niche luxury EV maker to a scaled, technology-driven mobility platform. The company detailed its upcoming midsize vehicle platform, its next-generation powertrain technology, and a broader strategy centered on software, autonomy and partnerships to expand revenue streams. While Lucid has built a strong brand in ...
At its investor day last week, Lucid Group LCID outlined how it plans to evolve from a niche luxury EV maker to a scaled, technology-driven mobility platform. The company detailed its upcoming midsize vehicle platform, its next-generation powertrain technology, and a broader strategy centered on software, autonomy and partnerships to expand revenue streams. While Lucid has built a strong brand in the premium EV segment with the Air sedan and Gravity SUV, management acknowledged that achieving meaningful scale and positive free cash flow will require moving into higher-volume segments and improving manufacturing efficiency. The company believes that expanding into midsize and autonomy could boost Lucid’s total addressable market from roughly $40 billion now to nearly $700 billion. Those ambitions sound compelling. But are they strong enough to offset Lucid’s current challenges and make the stock a buy now? Let’s dig deeper. Investor Day Takeaways Midsize Platform to Expand Market Opportunity A major highlight of the investor day was Lucid’s upcoming midsize vehicle platform, which will underpin three new models. The first vehicle, an SUV called Cosmos, is expected to launch first, followed by another SUV named Earth roughly a year later. A third consumer model will be introduced at a later stage. Vehicles built on this architecture are expected to start at around $50,000, placing Lucid more directly in competition with companies such as Tesla TSLA and Rivian Automotive RIVN as it targets higher-volume segments. Both Rivian and Lucid are making efforts to succeed in a challenging EV market by broadening their vehicle portfolios and advancing technology to better compete with industry leader Tesla. At the core of the new midsize platform is Atlas, Lucid’s next-generation electric drive unit designed to simplify manufacturing, lower costs, and improve efficiency as production scales. Operational Improvements Lucid also highlighted progress in operational performance. Pr...
European satellite operator SES SA , a rival to Elon Musk’s Starlink network, has launched the sale of unusually structured hybrid bonds, which it hopes will help it reclaim an investment-grade credit rating. The company aims to raise an expected €500 million ($576 million) by issuing so-called Space bonds — subordinated perpetual with automatic conversion events — for which investors have placed ...
European satellite operator SES SA , a rival to Elon Musk’s Starlink network, has launched the sale of unusually structured hybrid bonds, which it hopes will help it reclaim an investment-grade credit rating. The company aims to raise an expected €500 million ($576 million) by issuing so-called Space bonds — subordinated perpetual with automatic conversion events — for which investors have placed more than €3 billion of bids so far, said a person familiar with the matter who asked not to be identified. Pricing has tightened by 50 basis points from the initial price thoughts to 7.625%, the person said. SES — which has contended with rising competition from Musk’s SpaceX and Starlink — was downgraded to “junk” in December by Moody’s Ratings, which cited a “material deviation in operating performance.” It finalized the acquisition of fellow satellite company Intelsat SA last year for $3.1 billion as part of attempts to compete with Starlink. The Luxembourg-based company is an important player in Iris2, a secure satellite communications network the European Union is backing in the face of growing tensions with the Trump administration. The Space bonds rank even lower than SES’s existing hybrid debt in the creditor pecking order. Hybrids blend features of debt and equity, and are typically the most costly form of debt for non-financial companies. Borrowers like them because they are treated partly as equity by rating firms, reducing their balance-sheet impact. The deal “implies SES is serious about getting back to investment-grade ratings over time,” CreditSights analysts led by David Hebert wrote in a note. Moody’s will consider the new securities fully as equity. If SES regains a high-grade rating, the bonds would move up the ranks to rank equally with other hybrids. SES will use funds raised from the bond sale to buy back some existing hybrids, which Moody’s stopped considering partly as equity after the downgrade to “junk.” The new deal is a “smart move,” said Marc L...