allanswart/iStock via Getty Images I'm a believer in psychological inversion in sentiment, margin of safety in value, growth in trend, sizing in thematics, and diversification in correlation. When I spot an opportunity, I don't think, "That's outside my circle of competence." Instead I think, "What do I need to know about this to make money on it?" Usually, I only need to understand 20% of what co...
allanswart/iStock via Getty Images I'm a believer in psychological inversion in sentiment, margin of safety in value, growth in trend, sizing in thematics, and diversification in correlation. When I spot an opportunity, I don't think, "That's outside my circle of competence." Instead I think, "What do I need to know about this to make money on it?" Usually, I only need to understand 20% of what constitutes the business and 80% about the flow of sentiment in the markets. That's why when SaaS recently sold off, I heard the concerns of the technologists, I then assessed the competency of management and the reputational positioning of large caps in the software industry, and I bet big on SaaS. ServiceNow ( NOW ) is down 40% since I last covered it, and I'm glad I didn't own it during that time. But as of very recently, I do. The Fear & The Opportunity This is classic macro fear offering opportunity to value traders. I get the technological constraints, but from emotional first principles, optimism and good leadership always seem to work around temporary problems. Just because the market doubts does not mean management will not overcome. A data recap on the lay of the land: U.S. software got de-rated amid an agentic AI sentiment surge. The S&P 500 software index ( XSW ) has fallen by over -25% since October 2025. In the 2022 reset, it fell by -45%, so don't deploy all your cash at once. The wisest investors I've studied always operate from the position of "We don't know what will happen, but we win via positioning anyway." Cash is always king. XSW Price Chart (Google) The question on many SaaS analysts minds right now is whether ServiceNow-like product positioning will be only optional in the agentic AI era. ServiceNow's entire strategy is built around the Now Platform single data model and workflow engine; this unifies Information Technology Service Management, Human Resources, Security, and Operations workflows. From first principles, indeed I can imagine myself asking...
(RTTNews) - Lisata Therapeutics Inc. (LSTA) announced that it has entered into a definitive agreement to be acquired by Kuva Labs Inc., a privately held company. Under the terms of the merger agreement, Kuva will launch a tender offer to purchase all outstanding shares of Lisata common stock for $5.00 per share in cash at closing, plus one contingent value right (CVR) per share. The CVR entitles h...
(RTTNews) - Lisata Therapeutics Inc. (LSTA) announced that it has entered into a definitive agreement to be acquired by Kuva Labs Inc., a privately held company. Under the terms of the merger agreement, Kuva will launch a tender offer to purchase all outstanding shares of Lisata common stock for $5.00 per share in cash at closing, plus one contingent value right (CVR) per share. The CVR entitles holders to an additional $1.00 per share if a New Drug Application or similar registration is filed or formally accepted for review by the FDA or another regulatory authority for any pharmaceutical product containing the candidate certepetide before the earlier of seven years from closing or termination of the CVR agreement. If the milestone is not achieved, no further payment will be made. The transaction is expected to close in the second quarter of 2026. Following completion, Lisata will become part of Kuva Labs, and its common stock will be delisted from the Nasdaq Capital Market. LSTA closed Friday's regular trading at $4.18, down $0.05 or 1.18%. In after-hours trading, the stock surged to $4.99, a sharp gain of $0.81 or 19.38%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Nvidia’s (NVDA) bull case just got another massive vote of confidence from Wall Street. Matt Bryson, a 5-star Wedbush analyst (per TipRanks), just bumped his price target on Nvidia stock to $300 from $230, maintaining an outperform rating, which shows even more confidence in the longevity of ...
Nvidia’s (NVDA) bull case just got another massive vote of confidence from Wall Street. Matt Bryson, a 5-star Wedbush analyst (per TipRanks), just bumped his price target on Nvidia stock to $300 from $230, maintaining an outperform rating, which shows even more confidence in the longevity of ...
JPMorgan’s own analysts said last week that the bill could be approved by mid-year and would “reshape market structure” for crypto, even as the bank’s CEO publicly fights against it. Polymarket bettors currently give the CLARITY Act a 71% chance of becoming law in 2026. Those odds have been volatile, crashing from 80% to 44% during a February Senate stalemate before recovering on renewed White Hou...
JPMorgan’s own analysts said last week that the bill could be approved by mid-year and would “reshape market structure” for crypto, even as the bank’s CEO publicly fights against it. Polymarket bettors currently give the CLARITY Act a 71% chance of becoming law in 2026. Those odds have been volatile, crashing from 80% to 44% during a February Senate stalemate before recovering on renewed White House pressure. Trending: Build your own AI-powered index in minutes — and earn an uncapped 1% match when you move your portfolio to Public. Learn how it works. JPMorgan CEO Jamie Dimon reportedly told Armstrong he was “full of s–t” at Davos in January and to stop “lying on television” about banks sabotaging crypto legislation. JPMorgan Chase & Co and Bank of America Corp executives have cited a Treasury Department study warning that stablecoin yields could siphon $6 trillion in deposits from the traditional banking system. Neither the White House nor Coinbase responded to multiple requests for comment from reporters. Crypto in America’s Eleanor Terrett confirmed a Coinbase delegation visited the White House the same day. Armstrong used nearly identical language in January, telling Fox Business that “people in America should be able to earn more money on their money” while accusing banks of stifling competition to protect their deposit base. Trump wrote that “Americans should earn more money on their money” and that the CLARITY Act “is being threatened and undermined by the Banks.” Hours later, Trump took to Truth Social and told banks they “need to make a good deal with the Crypto Industry,” Coindesk reported on Wednesday. Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Story Continues COIN shares are up over 15% today and trading around $209. Ripple CEO Brad Garlinghouse has put the odds of passage at 90% by the end of April. See Also: Get Matched With a Fiduciary Advisor for a Complimentary 1-on-1 Strategy Session Why It ...
Spring has started with some typically large swings in weather fortunes with more on the way. In a busy 48 hours of weather we have seen the UK's warmest day of the year so far, a covering of hill snow, as well as Saharan dust and "blood rain". In a welcome change to the last couple of months, large parts of central and eastern England have just had one of the driest weeks of the year so far with ...
Spring has started with some typically large swings in weather fortunes with more on the way. In a busy 48 hours of weather we have seen the UK's warmest day of the year so far, a covering of hill snow, as well as Saharan dust and "blood rain". In a welcome change to the last couple of months, large parts of central and eastern England have just had one of the driest weeks of the year so far with less than 1mm of rain recorded widely. Temperatures have been above average across the board with England, Wales and Scotland recording their highest temperature of the year so far.
Please turn on JavaScript to use this feature Please turn on JavaScript to use this feature 17m ago 04.30 GMT Preamble Tanya Aldred Hello! Thirteen wickets fell on a restless first day in Perth to leave Australia in the more promising position – by the width of a cigarette paper. India were bundled out for just 198 midway through the day, and Australia finished 102 behind at stumps, though crucial...
Please turn on JavaScript to use this feature Please turn on JavaScript to use this feature 17m ago 04.30 GMT Preamble Tanya Aldred Hello! Thirteen wickets fell on a restless first day in Perth to leave Australia in the more promising position – by the width of a cigarette paper. India were bundled out for just 198 midway through the day, and Australia finished 102 behind at stumps, though crucially with seven wickets still in hand. Things could have been worse for India had Jemimah Rodrigues not knotted together a patient fifty against the firepower of Annabel Sutherland (4 for 46) and left-arm whiz-kid Lucy Hamilton, just 19 but who finished with three wickets on her Test debut. India’s own bright young thing, Sayali Satghare, had a moment of her own, removing Alyssa Healy in her penultimate innings for Australia, caught at point for 13. But Ellyse Perry was unbeaten on 43 at stumps and Annabel Sutherland is lingering ominously. It should be fun. Do join us, play starts at 1.20pm local/4.20pm AEDT/10.50am IST.
紅磡內地男疑遭非法禁錮及勒索 失530萬元加密貨幣、80萬元白銀 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】紅磡一名內地男子懷疑遭非法禁錮及勒索，損失約值530萬元的加密貨幣及約值80萬元白銀。 警方凌晨3時...
紅磡內地男疑遭非法禁錮及勒索 失530萬元加密貨幣、80萬元白銀 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】紅磡一名內地男子懷疑遭非法禁錮及勒索，損失約值530萬元的加密貨幣及約值80萬元白銀。 警方凌晨3時許接報，指在德豐街一間酒店房間內，一名25歲內地男子被三男一女用手腳襲擊，劫去其戶口內約值530萬元加密貨幣，其後在民樂街工廈單位內取走約重40公斤白銀後逃去。事主頭部及手受傷，被送往伊利沙伯醫院治理。案件列非法禁錮及勒索處理。