Getty Images The US-Iran War Hasn't Spurred An Energy Crisis Yet We are barreling into the second week of the ongoing conflict between the US and Israel against Iran. At this moment, it doesn't seem like the war is stopping anytime soon. Notably, the current conflict momentum remains firmly in the hands of the US and Israeli forces. The US Central Command has been the primary unified combatant com...
Getty Images The US-Iran War Hasn't Spurred An Energy Crisis Yet We are barreling into the second week of the ongoing conflict between the US and Israel against Iran. At this moment, it doesn't seem like the war is stopping anytime soon. Notably, the current conflict momentum remains firmly in the hands of the US and Israeli forces. The US Central Command has been the primary unified combatant command prosecuting Operation Epic Fury for America and has reportedly significantly degraded Iranian missile capabilities, highlighting that Iranian ballistic missile attacks have dropped more than 90% since the commencement of the conflict. However, we all know the main threat to the US forces, and their allies in the region, has often now centered upon the dreaded Iranian Shahed-136 drone. These drones are deployed in the Russian-Ukraine conflict to devastating effect, arguably demonstrating their combat effectiveness in civilian and military infrastructure attacks. These one-way drones, popularly known as kamikaze drones, have continued to fly incursions into the Middle East, which has caused a dilemma among the US and its ME allies, as they wage war against these highly scalable, relatively cheap, yet capable drones of delivering a substantive effect on air defense assets, radar installations, civilian buildings, and also energy infrastructure. Therefore, while the US has amassed a sizable repertoire and inventory of defense assets and missile capabilities in the Middle East, it has not spared countries such as Qatar, Bahrain, Kuwait, and the UAE from getting hammered by these drone assaults. Iranian Attacks (Bloomberg) The UAE has borne the brunt of the Iranian barrage, which has also sent shockwaves down the spines of its neighbors, considering that Iran is willing and capable of mounting these attacks in its bid to stave off regime destruction. The narrative is that it helps to intensify the pressure and costs on its neighbors to compel the US to reach a conclusive end...
Investment firm now holds $71 million in shares of the social media giant Got story updates? Submit your updates here. › Kingsview Wealth Management LLC significantly increased its position in Meta Platforms, Inc. (NASDAQ:META) during the third quarter, boosting its stake by 177.2% to 96,706 shares worth $71 million. The firm is now the 16th largest holder of Meta Platforms stock, which comprises ...
Investment firm now holds $71 million in shares of the social media giant Got story updates? Submit your updates here. › Kingsview Wealth Management LLC significantly increased its position in Meta Platforms, Inc. (NASDAQ:META) during the third quarter, boosting its stake by 177.2% to 96,706 shares worth $71 million. The firm is now the 16th largest holder of Meta Platforms stock, which comprises 1.1% of its overall portfolio. Why it matters Meta Platforms, the parent company of Facebook, Instagram, WhatsApp and other social media platforms, is one of the most widely held and influential technology stocks. Institutional investors' positions in the company provide insight into broader market sentiment and confidence in the firm's long-term prospects. The details Kingsview Wealth Management added 61,819 shares of Meta Platforms during the third quarter, bringing its total holdings to 96,706 shares. The firm's position is now worth $71 million, up from $25.6 million at the end of the prior quarter. Meta Platforms comprises 1.1% of Kingsview's overall investment portfolio, making it the 16th largest holding. Kingsview Wealth Management increased its Meta Platforms stake in the third quarter of 2025. As of the most recent SEC filing, Kingsview's position was valued at $71 million. The players Kingsview Wealth Management LLC An investment management firm that has significantly increased its stake in Meta Platforms, the parent company of Facebook, Instagram and other social media platforms. Meta Platforms, Inc. The global technology company formerly known as Facebook, which operates a family of consumer-facing social media and messaging products. Got photos? Submit your photos here. ›
Nvidia (NVDA 2.94%) reported strong earnings on Feb. 26, yet the stock dropped over 9% from its pre-earnings level by Feb. 27. While the shares have been recovering slightly, they are still trading below their pre-earnings price. Investors are now focusing less on near-term results and more on the sustainability of artificial intelligence (AI) capital expenditures (capex). They are also concerned ...
Nvidia (NVDA 2.94%) reported strong earnings on Feb. 26, yet the stock dropped over 9% from its pre-earnings level by Feb. 27. While the shares have been recovering slightly, they are still trading below their pre-earnings price. Investors are now focusing less on near-term results and more on the sustainability of artificial intelligence (AI) capital expenditures (capex). They are also concerned about the rising competitive pressures. As hyperscalers and enterprises increasingly shift from AI training to inference (real-time deployment of AI models in production environments), some believe this could create more room for competing chipmakers. In this environment, investors may want to look beyond semiconductor and AI stocks and opt for energy stocks. Constellation Energy (CEG 3.92%) and GE Vernova (GEV 3.06%) are two such growth stocks well-positioned to benefit from the expected long-term rise in U.S. electricity demand. Both are also relatively insulated from Middle East-related oil supply disruptions, as these businesses operate mainly in the U.S. power markets. 1. Constellation Energy Constellation Energy has become one of the largest electricity producers in the U.S. after completing its acquisition of Calpine in January 2026. The acquisition combined Constellation Energy's zero-emission nuclear generation with Calpine's natural gas and geothermal assets. Constellation Energy now operates 55 gigawatts of generation capacity and serves nearly 2.5 million retail and business customers. The deal has also expanded the company's footprint in fast-growing power markets like Texas and California. The most significant catalyst for Constellation Energy is the surging electricity demand, mainly from data centers. The company has already signed a 20-year purchase agreement with Meta Platforms for nearly 1,121 megawatts of nuclear energy from its Clinton Clean Energy Center, with deliveries expected to begin June 2027. This agreement supports relicensing and continued ope...
Key Points Constellation's long-term deals with Meta Platforms and Microsoft give it impressive revenue visibility. GE Vernova has a massive $150 billion backlog for its gas turbines, grid equipment, and wind systems. Both companies are well-positioned to benefit from surging electricity demand driven by data centers. 10 stocks we like better than Constellation Energy › Nvidia (NASDAQ: NVDA) repor...
Key Points Constellation's long-term deals with Meta Platforms and Microsoft give it impressive revenue visibility. GE Vernova has a massive $150 billion backlog for its gas turbines, grid equipment, and wind systems. Both companies are well-positioned to benefit from surging electricity demand driven by data centers. 10 stocks we like better than Constellation Energy › Nvidia (NASDAQ: NVDA) reported strong earnings on Feb. 26, yet the stock dropped over 9% from its pre-earnings level by Feb. 27. While the shares have been recovering slightly, they are still trading below their pre-earnings price. 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 » Investors are now focusing less on near-term results and more on the sustainability of artificial intelligence (AI) capital expenditures (capex). They are also concerned about the rising competitive pressures. As hyperscalers and enterprises increasingly shift from AI training to inference (real-time deployment of AI models in production environments), some believe this could create more room for competing chipmakers. In this environment, investors may want to look beyond semiconductor and AI stocks and opt for energy stocks. Constellation Energy (NASDAQ: CEG) and GE Vernova (NYSE: GEV) are two such growth stocks well-positioned to benefit from the expected long-term rise in U.S. electricity demand. Both are also relatively insulated from Middle East-related oil supply disruptions, as these businesses operate mainly in the U.S. power markets. 1. Constellation Energy Constellation Energy has become one of the largest electricity producers in the U.S. after completing its acquisition of Calpine in January 2026. The acquisition combined Constellation Energy's zero-emission nuclear generation with Calpine's natural gas and geothermal assets. Constellation Energ...
Thomas Trutschel | Photothek | Getty Images New U.S laws designed to protect minors are pulling millions of adult Americans into mandatory age-verification gates to access online content, leading to backlash from users and criticism from privacy advocates that a free and open internet is at stake. Roughly half of U.S. states have enacted or are advancing laws requiring platforms — including adult ...
Thomas Trutschel | Photothek | Getty Images New U.S laws designed to protect minors are pulling millions of adult Americans into mandatory age-verification gates to access online content, leading to backlash from users and criticism from privacy advocates that a free and open internet is at stake. Roughly half of U.S. states have enacted or are advancing laws requiring platforms — including adult content sites, online gaming services, and social media apps — to block underage users, forcing companies to screen everyone who approaches these digital gates. "There's a big spectrum," said Joe Kaufman, global head of privacy at Jumio, one of the largest digital identity-verification and authentication platforms. He explained that the patchwork of state laws vary in technical demands and compliance expectations. "The regulations are moving in many different directions at once," he said. Social media company Discord announced plans in February to roll out mandatory age verification globally, which the company said would rely on verification methods designed so facial analysis occurs on a user's device and submitted data would be deleted immediately. The proposal quickly drew backlash from users concerned about having to submit selfies or government IDs to access certain features, which led Discord to delay the launch until the second half of this year. "Let me be upfront: we knew this rollout was going to be controversial. Any time you introduce something that touches identity and verification, people are going to have strong feelings," Discord chief technology officer and co-founder Stanislav Vishnevskiy wrote in a Feb. 24 blog post. Websites offering adult content, gambling, or financial services often rely on full identity verification that requires scanning a government ID and matching it to a live image. But most of the verification systems powering these checkpoints — often run by specialized identity-verification vendors on behalf of websites — rely on artificial in...
AVZimovskoy/iStock Editorial via Getty Images With AerSale ( ASLE ) stock back toward the lows, it's not hard to be tempted for one key reason: the downside seems protected. At Friday's close of $6.46, AerSale has a market capitalization just over $300 million; net debt is $108 million. That market cap is about 0.8x tangible book value. On a more granular level, valuing existing inventory (which i...
AVZimovskoy/iStock Editorial via Getty Images With AerSale ( ASLE ) stock back toward the lows, it's not hard to be tempted for one key reason: the downside seems protected. At Friday's close of $6.46, AerSale has a market capitalization just over $300 million; net debt is $108 million. That market cap is about 0.8x tangible book value. On a more granular level, valuing existing inventory (which in theory should be able to be sold at something close to the carrying value) plus a growing MRO (maintenance, repair, and operations) business creates a floor on valuation that isn't that far from current levels. A solid case on paper can be made here, and that case can include blue-sky projections for triple-digit gains if the business can inflect higher. But the problem is that beyond the focus on the downside, it remains difficult to see where exactly the upside is going to come from and if this business actually can inflect. A paper case for big upside in ASLE has existed for years, and it hasn't played out: shares, in fact, are threatening an all-time low. At this point, it's just too difficult to trust AerSale, as intriguing as the fundamentals might look. Asset-Based Downside Again, ASLE is tempting in the sense that there might be something of a floor under the stock. Certainly, even as the business has disappointed in recent years, investors have been willing to step in not far below current levels: Seeking Alpha The willingness to take a flyer on ASLE below $6 does make sense. Again, price to tangible book value is just over 0.8x at the moment. The market cap is ~$300 million, and net debt is just over $100 million. On the fourth quarter conference call, chief financial officer Martin Garmendia said that of $364 million in inventory, about $150 million was set to be sold for parts (in the USM, or used serviceable materials, channel) along with another $118 million in whole assets (i.e., full planes, including 757s that were converted to freighters and which AerSal...
TLDR Broadcom reported Q1 revenue of $19.3 billion, up 29% year over year — a new record AI revenue jumped 106% to $8.4 billion, beating its own expectations Q2 guidance set at $22 billion revenue, with AI revenue forecast of $14.8 billion Morgan Stanley raised its price target to $470 from $462, keeping an Overweight rating Analysts project Broadcom could hit $120 billion in AI revenue in fiscal ...
TLDR Broadcom reported Q1 revenue of $19.3 billion, up 29% year over year — a new record AI revenue jumped 106% to $8.4 billion, beating its own expectations Q2 guidance set at $22 billion revenue, with AI revenue forecast of $14.8 billion Morgan Stanley raised its price target to $470 from $462, keeping an Overweight rating Analysts project Broadcom could hit $120 billion in AI revenue in fiscal 2027 💥 Find the Next KnockoutStock! Get live prices, charts, and KO Scores from KnockoutStocks.com , the data-driven platform ranking every stock by quality and breakout potential. Broadcom (AVGO) closed 4.8% higher at $322.77 on March 5, the day after the company posted its fiscal Q1 2026 results. The stock has since pulled back slightly and remains down year to date. Broadcom Inc., AVGO Total revenue came in at $19.31 billion, a record, and beat analyst estimates of $19.18 billion. Adjusted EPS of $2.05 also topped the consensus of $2.03. AI revenue was the standout number — $8.4 billion, up 106% year over year and above what the company itself had expected going in. Custom AI ASIC revenue led the charge, surging 140%. AI networking revenue climbed 60%, with the company flagging that networking growth is expected to accelerate materially in Q2, driven by its Tomahawk Ethernet switch and SerDes products. Adjusted EBITDA rose 30% year over year to $13.1 billion, with margins coming in at 68% of revenue. Gross margins landed at 77%, down from 79.1% a year ago but holding steady. AI Chip Revenue in Focus Total semiconductor solutions revenue rose 52% year over year to $12.5 billion. Non-AI chip revenue, however, only grew 4% — pointing to where the real momentum is. Infrastructure software revenue edged up 1% to $6.8 billion. VMware revenue inside that segment grew 13%. CEO Hock Tan addressed speculation on the earnings call that large language model developers could cut out chip suppliers like Broadcom and build their own silicon. His response was blunt: “You need the best s...
Collaboration with HBO hit is gen Z mashup of glossy blacks and harsh neons, while Celine gives preppy added ‘bite’ The anxiety-spiked, drug-fuelled, hyperstylised technicolour online messiness of generation Z was not on anyone’s bingo card for Balenciaga’s Paris fashion week show. Cristóbal Balenciaga dressed Ingrid Bergman and Jackie Kennedy; its current designer, Pierpaolo Piccioli, is revered ...
Collaboration with HBO hit is gen Z mashup of glossy blacks and harsh neons, while Celine gives preppy added ‘bite’ The anxiety-spiked, drug-fuelled, hyperstylised technicolour online messiness of generation Z was not on anyone’s bingo card for Balenciaga’s Paris fashion week show. Cristóbal Balenciaga dressed Ingrid Bergman and Jackie Kennedy; its current designer, Pierpaolo Piccioli, is revered as one fashion’s great romantics, the master of colour and poetry on the modern red carpet. The Balenciaga show was a collaboration with Euphoria, HBO’s divisive teen drama. In a dark, cavernous venue on the Avenue des Champs-Élysées, the lights were low, the music (Rosalia, Labrinth) was loud. On flickering video screens, harlequinade images of nocturnal cityscapes segued into preview images from the long-awaited third series of Euphoria, which returns in April. A sweater was printed with a screen still of new cast member Danielle Deadwyler, smoking a cigarette in a low-cut blood red top. Continue reading...
Egypt’s pound posted its biggest single-day drop since a devaluation two years ago, as the Middle East’s most populous country continues to be buffeted by the shockwaves of the Iran war. The currency fell to about 52.2 per dollar on Sunday, the lowest rate ever recorded, according to data on the central bank’s website. The pound is down about 4% from the figure the bank posted on Thursday, Bloombe...
Egypt’s pound posted its biggest single-day drop since a devaluation two years ago, as the Middle East’s most populous country continues to be buffeted by the shockwaves of the Iran war. The currency fell to about 52.2 per dollar on Sunday, the lowest rate ever recorded, according to data on the central bank’s website. The pound is down about 4% from the figure the bank posted on Thursday, Bloomberg calculations show. The Egyptian stock market also took further losses, with the benchmark EGX30 dropping nearly 1.6%. It’s down about 5% this month, according to data compiled by Bloomberg. Egypt’s currency has been under pressure since the prospect of an Iran war became more likely in mid-February, and its decline is a potent sign of the import-dependent country’s vulnerability to conflict elsewhere in the region. Amid war in Gaza in early 2024, Cairo secured a $57 billion global bailout that involved an expanded International Monetary Fund program and a 40% devaluation. As the Iran war rages, foreign investors have been reducing their exposure to emerging markets, including Egypt whose local debt was a carry-trade favorite due to its competitively high inflation-adjusted interest rates. Egypt’s Pound, Forint Most-Exposed in EMEA to War, Lira Shielded HSBC Sees Egypt’s Pound Gaining Investor Trust Post-Devaluation Hopes for Suez Canal Revival Dashed by New Middle East Conflict Citibank , in a research note on Friday, estimated net outflows from Egypt of $3.8 billion over the previous three weeks. It put current foreign portfolio holdings of Egyptian debt at about $28.2 billion. Amid the potential of a prolonged war, Egyptian authorities have sought to give reassurances they’ll limit the impact for its 110 million-strong population that’s already suffered from soaring prices in recent years. Read More: Egypt Seeks to Allay Worries Over Iran War’s Economic Fallout Prime Minister Mostafa Madbouly warned last week that while the government had sufficient stocks of key goods...
Bangladesh began fuel rationing on Sunday as the war in the Middle East deepened an energy crunch, creating long queues at petrol stations and boiling over into anger. The country of 170 million people imports 95 per cent of its oil and gas needs. Following the US and Israeli attacks on Iran, and Tehran’s retaliatory strikes throughout the Gulf, the national oil company, Bangladesh Petroleum Corpo...
Bangladesh began fuel rationing on Sunday as the war in the Middle East deepened an energy crunch, creating long queues at petrol stations and boiling over into anger. The country of 170 million people imports 95 per cent of its oil and gas needs. Following the US and Israeli attacks on Iran, and Tehran’s retaliatory strikes throughout the Gulf, the national oil company, Bangladesh Petroleum Corporation (BPC), restricted fuel sales for most vehicles. Advertisement Authorities capped fuel purchases for several types of vehicles as panic buying and hoarding spread following warnings of possible supply disruptions. For example, motorcyclists are now limited to a maximum of two litres (0.5 US gallons) per tank. Advertisement “Consumers tend to buy more than they usually purchase” during times of crisis, BPC said in a statement.
Oleksandr Holovin/iStock Editorial via Getty Images We’re living in Nvidia’s ( NVDA ) world, and everyone’s paying rent, except China. Nvidia has been dragged into the beef between the U.S. and China. Since the Trump administration banned Nvidia H20s from the region last April, Nvidia has been locked out of the world’s largest smartphone, PC, EV, and, eventually, most likely, the next to become th...
Oleksandr Holovin/iStock Editorial via Getty Images We’re living in Nvidia’s ( NVDA ) world, and everyone’s paying rent, except China. Nvidia has been dragged into the beef between the U.S. and China. Since the Trump administration banned Nvidia H20s from the region last April, Nvidia has been locked out of the world’s largest smartphone, PC, EV, and, eventually, most likely, the next to become the world’s largest server market, too. This would explain why CEO Jensen Huang is so desperately trying to get back into the nation. The ball is no longer in the U.S. court, however; it’s with China. The nation has given the cold shoulder to Nvidia’s solutions, despite purchasing $390M worth of Advanced Micro Devices ( AMD ) Instinct MI308 AI chips and being the only reason AMD beat Street estimates for data center sales last quarter. Nvidia’s also been singled out by Mr. Market, getting disproportionately punished even on golden results reported a little over a week ago. The stock experienced its worst decline in 10 months after print, falling a little over 5%, despite guiding for 1QFY27 sales growth of almost 15% Q/Q to $78B, versus consensus of $72.2B. For the quarter itself, Nvidia reported data center sales of $52.31B, up 22% Q/Q and gross margin expansion of 160 basis points to 75.2%. Yes, gaming sales were a black dot, dropping 13% sequentially to $3.73B due to supply constraints. Shares fell to around $184 post-earnings and are down ~7% since. We think the market is wrong on Nvidia. It looks like Nvidia’s stock is broken. We last covered the stock post-Q3 earnings results in an article titled "Nvidia: Cockroaches Will Survive A Bubble Pop." Since then, the stock is down close to 2% versus the S&P 500 up 3%. Our thesis shared at the time remains in play, and better yet, we think the timeline on seeing it materialize is picking up. While we agree the stock is likely stale for 1H26, we don’t think this sentiment will stick into 2H26 on the back of two factors we mention...
Oleksandr Holovin/iStock Editorial via Getty Images We’re living in Nvidia’s ( NVDA ) world, and everyone’s paying rent, except China. Nvidia has been dragged into the beef between the U.S. and China. Since the Trump administration banned Nvidia H20s from the region last April, Nvidia has been locked out of the world’s largest smartphone, PC, EV, and, eventually, most likely, the next to become th...
Oleksandr Holovin/iStock Editorial via Getty Images We’re living in Nvidia’s ( NVDA ) world, and everyone’s paying rent, except China. Nvidia has been dragged into the beef between the U.S. and China. Since the Trump administration banned Nvidia H20s from the region last April, Nvidia has been locked out of the world’s largest smartphone, PC, EV, and, eventually, most likely, the next to become the world’s largest server market, too. This would explain why CEO Jensen Huang is so desperately trying to get back into the nation. The ball is no longer in the U.S. court, however; it’s with China. The nation has given the cold shoulder to Nvidia’s solutions, despite purchasing $390M worth of Advanced Micro Devices ( AMD ) Instinct MI308 AI chips and being the only reason AMD beat Street estimates for data center sales last quarter. Nvidia’s also been singled out by Mr. Market, getting disproportionately punished even on golden results reported a little over a week ago. The stock experienced its worst decline in 10 months after print, falling a little over 5%, despite guiding for 1QFY27 sales growth of almost 15% Q/Q to $78B, versus consensus of $72.2B. For the quarter itself, Nvidia reported data center sales of $52.31B, up 22% Q/Q and gross margin expansion of 160 basis points to 75.2%. Yes, gaming sales were a black dot, dropping 13% sequentially to $3.73B due to supply constraints. Shares fell to around $184 post-earnings and are down ~7% since. We think the market is wrong on Nvidia. It looks like Nvidia’s stock is broken. We last covered the stock post-Q3 earnings results in an article titled "Nvidia: Cockroaches Will Survive A Bubble Pop." Since then, the stock is down close to 2% versus the S&P 500 up 3%. Our thesis shared at the time remains in play, and better yet, we think the timeline on seeing it materialize is picking up. While we agree the stock is likely stale for 1H26, we don’t think this sentiment will stick into 2H26 on the back of two factors we mention...
Got story updates? Submit your updates here. › Vinva Investment Management Ltd increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 22.0% during the third quarter, according to the company's recent Form 13F filing. The firm now owns 384,642 shares of the semiconductor manufacturer's stock, valued at $126,124,000. Broadcom's CEO Hock Tan also provided aggressive guidance on the compan...
Got story updates? Submit your updates here. › Vinva Investment Management Ltd increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 22.0% during the third quarter, according to the company's recent Form 13F filing. The firm now owns 384,642 shares of the semiconductor manufacturer's stock, valued at $126,124,000. Broadcom's CEO Hock Tan also provided aggressive guidance on the company's AI chip sales, which could reach over $100 billion by 2027. Why it matters Broadcom is a major player in the semiconductor industry, with a focus on networking, storage, and wireless connectivity chips. The company's strong performance in AI chips, which saw sales rise around 106% in the latest quarter, highlights its ability to capitalize on the growing demand for AI-powered technologies. Vinva Investment Management's increased stake in Broadcom suggests institutional confidence in the company's long-term growth prospects. The details Vinva Investment Management Ltd acquired an additional 69,256 shares of Broadcom during the third quarter, bringing its total holdings to 384,642 shares. This represents a 22.0% increase in the firm's position. Broadcom's CEO, Hock Tan, also provided bullish guidance on the company's AI chip sales, stating that they could be "significantly" above $100 billion by 2027. This suggests Broadcom is well-positioned to benefit from the growing demand for AI-powered semiconductors in various industries. Vinva Investment Management Ltd increased its holdings in Broadcom during the third quarter of 2026. Broadcom reported its latest quarterly results on March 4, 2026. The players Vinva Investment Management Ltd An investment management firm that increased its stake in Broadcom by 22.0% during the third quarter of 2026. Hock Tan The CEO of Broadcom, who provided aggressive guidance on the company's AI chip sales, which could reach over $100 billion by 2027. Broadcom Inc. A global technology company that designs, develops, and supplies semiconductor ...
Noah Sauve/iStock Editorial via Getty Images Introduction In the portion of my portfolio that’s focusing on fixed income, I am predominantly looking for yields that exceed 6% while maintaining a healthy risk/reward ratio. I would be fine with higher yields as long as the risks are not outrageously high, and vice versa: I’d be fine with a pre-tax yield below 6% on an investment with a below-average...
Noah Sauve/iStock Editorial via Getty Images Introduction In the portion of my portfolio that’s focusing on fixed income, I am predominantly looking for yields that exceed 6% while maintaining a healthy risk/reward ratio. I would be fine with higher yields as long as the risks are not outrageously high, and vice versa: I’d be fine with a pre-tax yield below 6% on an investment with a below-average risk factor. I have been keeping an eye on the non-cumulative preferred shares issued by large U.S. banks. And due to the recent turmoil in the financial markets, we now see the yields on certain securities coming in above 6% again. In a recent article on Morgan Stanley preferred stock , I noted some interesting possibilities, and as the yields on preferred shares issued by Wells Fargo ( WFC ) started to increase as well, I wanted to revisit the Series Z preferred shares . Data by YCharts The Preferred Dividends Enjoy a Very Strong Coverage Ratio In the final quarter of last year, Wells Fargo reported a total net interest income of $12.3 billion , as you can see below. Meanwhile, the total amount of non-interest income decreased by more than 5% , mainly due to lower investment banking fees and lower gains from trading activities. Unfortunately, there was no real corresponding decrease in non-interest expenses, which declined by less than 1% compared to the preceding quarter. WFC Investor Relations This doesn’t mean Wells Fargo reported a weak quarter. The higher net interest income (an increase of almost 3% on a QoQ basis) entirely absorbed the increase in loan loss provisions (which climbed to $1.04 billion in Q4 ). This resulted in a pre-tax income of $6.53 billion and a net profit of $5.42 billion. After also deducting the net income attributable to non-controlling interests and the $247 million in preferred dividend payments, the net income attributable to the common shareholders of Wells Fargo was $5.11 billion , for an EPS of $1.64 . The income statement tells us two...
Key Points Anthropic debuted Claude Code Security, which scans codebases and suggests security fixes. Okta's underlying business remains strong, and its fourth-quarter results beat Wall Street's consensus estimates. AI will be disruptive to many tech companies, but it's too early to write off cybersecurity stocks. 10 stocks we like better than Okta › Shares of Okta (NASDAQ: OKTA), an identity and ...
Key Points Anthropic debuted Claude Code Security, which scans codebases and suggests security fixes. Okta's underlying business remains strong, and its fourth-quarter results beat Wall Street's consensus estimates. AI will be disruptive to many tech companies, but it's too early to write off cybersecurity stocks. 10 stocks we like better than Okta › Shares of Okta (NASDAQ: OKTA), an identity and access management (IAM) cybersecurity company, fell 14.2% in February, according to data provided by S&P Global Market Intelligence, after artificial intelligence company Anthropic debuted a new security tool that scans computer code for vulnerabilities. Investors have been jittery about how artificial intelligence companies might disrupt established tech leaders, and that fear spread to many cybersecurity stocks last month, including Okta. 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 » Cybersecurity stocks are feeling the AI pressure Anthropic, the maker of the chatbot Claude, announced last month a new tool called Claude Code Security that can scan codebases for security vulnerabilities and suggest targeted software patches to fix them. There are existing security tools similar to this already available, but Anthropic says Claude Code Security goes a step further by finding more subtle issues others may miss and making it easier for companies to find potential problems. The security features are currently available only as a limited research preview to Anthropic's Enterprise and Team customers, but they're likely to be released to more customers eventually. Okta investors viewed this as very bad news for the company and other cybersecurity stocks, sending the stock tumbling at the end of the month. Investors had already been worried about AI's potential to disrupt software stocks, and now they are conc...
On Thursday, Maye Musk shared an emotional story about a photographer who credited Elon Musk and Tesla Inc. with saving his family's lives. Photographer Shares Tesla Crash Survival Story During an interview shared by Tesla Club Austria, Maye Musk recounted a moment that took place during a large photoshoot for Sports Illustrated. According to her, the photographer addressed the room before the sho...
On Thursday, Maye Musk shared an emotional story about a photographer who credited Elon Musk and Tesla Inc. with saving his family's lives. Photographer Shares Tesla Crash Survival Story During an interview shared by Tesla Club Austria, Maye Musk recounted a moment that took place during a large photoshoot for Sports Illustrated. According to her, the photographer addressed the room before the shoot began and shared a deeply personal story about a crash involving a Tesla. "He said, ‘I need to say a few words before we do the shoot,'" Maye Musk recalled. The photographer then told the group he was present that day because "Elon Musk and Tesla saved my life and that of my family." Don't Miss: According to Maye Musk, the man explained that his family had been sitting in a parked Tesla when a large truck struck the car from behind and ended up on top of it. Despite the severity of the crash, everyone inside the vehicle survived. "We all walked out and we are alive," he reportedly said, thanking Elon Musk and Tesla before the photoshoot began. During our Interview @Mayemusk shared an emotional story about her photographer and the real impact Tesla has to save lives. ♥️ It is core to our mission here at Tesla Club Austria to spread the word about the safety of Tesla vehicles. Have you heard any similar stories? pic.twitter.com/ErrsmkAi9l Trending: Before the IPO: How One Company Quietly Locked Up 500+ Iconic Character Rights Maye Musk Calls The Story ‘Special' Sharing the interview clip on social media, Maye Musk said the conversation included plenty of laughter but turned serious during the story. "We laughed a lot during this interview, except during this life-saving Tesla story," she wrote. She also noted that she enjoyed wearing a traditional Austrian Dirndl outfit during the interview and thanked Tesla Club Austria for the experience. We laughed a lot during this interview, except during this life-saving @Tesla story. I felt very special wearing the beautifully-made ...