aquaArts studio/E+ via Getty Images What a difference 18 months can make with a stock. Back in September of 2024, I initiated coverage on Babcock & Wilcox ( BW ) on the occasion of the company’s first quarter of earnings. EPS was only 1¢, and it wasn’t clear it was going to continue, so with uncertainty and cash flow weakness, I rated the formerly sub-$2 company a hold, advising investors to keep ...
aquaArts studio/E+ via Getty Images What a difference 18 months can make with a stock. Back in September of 2024, I initiated coverage on Babcock & Wilcox ( BW ) on the occasion of the company’s first quarter of earnings. EPS was only 1¢, and it wasn’t clear it was going to continue, so with uncertainty and cash flow weakness, I rated the formerly sub-$2 company a hold, advising investors to keep a close eye on the cash flow before making decisions. At present day, the stock is dramatically higher priced. Data by YCharts The stock surged late in 2025 and even further this week on news that they had come in ahead of estimates for Q4, and had received the go-ahead on a major new project, one that dwarfs the sort of backlog Babcock & Wilcox normally carries. The market cap is growing, but what about the company? That’s a more complicated issue, and as we examine what’s happened from then to now, we need to revisit the struggling balance sheet, the cash flow issues, and some new potential problems on the horizon as the company tries to grow into a much bigger player with an AI data center electricity project. Paying Down Debt, the Dilution Problem The first new problem is dilution, and we’re going to start to look at that as we reexamine the company’s balance sheet. Back in 2024, Babcock & Wilcox was carrying a rather large amount of debt for a company their size and, conspicuously, also a deficit of equity, which is never a good sign. Today, things aren’t much better, and when you see how they managed to get “not much better,” you’ll see why dilution is a red flag. Then Now Cash & Equivalents $95 million $89.5 million Total Current Assets $574.5 million $470.7 million Total Current Liabilities $334 million $386.7 million Senior Notes $339 million $235 million Total Shareholder Equity ($200 million) ($132 million) Shares Outstanding 92.2 million 121.8 million Click to enlarge (Source: Press release from Q4 earnings by BW) What happened here is pretty stark. The current ...
He also criticized banks for posting record profits while opposing pro-crypto reforms, urging them to work collaboratively in the interest of Americans. Eric Trump’s remarks followed President Donald Trump ‘s post on Truth Social that banks are attempting to undermine the cryptocurrency legislation critical to keeping innovation within the U.S. rather than pushing it overseas to countries like Chi...
He also criticized banks for posting record profits while opposing pro-crypto reforms, urging them to work collaboratively in the interest of Americans. Eric Trump’s remarks followed President Donald Trump ‘s post on Truth Social that banks are attempting to undermine the cryptocurrency legislation critical to keeping innovation within the U.S. rather than pushing it overseas to countries like China. Trending: Instead of buying someone else's ETF, build an index around your own thesis with Public's AI tools. Get started and see if you qualify for the 1% match. The Trump family has alleged that JPMorgan and Bank of America closed hundreds of accounts linked to their businesses for politically motivated reasons. The banks have consistently denied these accusations. Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savings—while trying to block any rewards or perks from being given to customers. These banks, and… “Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they "pay" you,” Trump made a sweeping remark. Trump, also the co-founder of American Bitcoin Corp. , pointed out the supposed hypocrisy of big banks, including JPMorgan Chase & Co. and Bank of America , of demanding “fairness” while really just “protecting their low-rate monopoly and preventing deposit flight.” Trump took to X, lashing out at the American Bankers Association and other lobbyists who are spending “millions” to restrict yields on stablecoin balances through the cryptocurrency market structure bill, also referred to as the CLARITY Act. Eric Trump, co-founder of the World Liberty Financial platform, stepped up his attack on U.S. banking giants on Wednesday, accusing them of “desperately targeting” the cryptocurrency industry. Benzinga and Yahoo Finance LLC may earn ...
Sinners star Delroy Lindo has spoken in more detail about the N-word controversy at the Baftas, which saw the BBC and Bafta apologise after a racial slur shouted by Tourette syndrome (TS) activist John Davidson was broadcast on BBC One in the edited highlights of the ceremony. Lindo, who is nominated for a best supporting actor Oscar for his role in the film, was speaking to Tonya Mosley on NPR’s ...
Sinners star Delroy Lindo has spoken in more detail about the N-word controversy at the Baftas, which saw the BBC and Bafta apologise after a racial slur shouted by Tourette syndrome (TS) activist John Davidson was broadcast on BBC One in the edited highlights of the ceremony. Lindo, who is nominated for a best supporting actor Oscar for his role in the film, was speaking to Tonya Mosley on NPR’s Fresh Air podcast, and said that at first he didn’t take in what had happened as he took to the stage to present an award with fellow Sinners star Michael B Jordan. “You have to understand, we had jobs to do. We were the first presenters of the evening, and we had to read that teleprompter … There was a nanosecond, a nano of a nano of a nanosecond, when I’m thinking: ‘Wait, did I just hear what I thought I heard?’ But then, and it truly was a nanosecond, one had to read the teleprompter and get on with presenting the award.” Lindo said he discussed the situation with Jordan, who he says had a “similar response”, adding: “And we went on and did our jobs.” In the Fresh Air interview, Lindo also discussed his background as a child of Windrush-generation immigrants in England, where he lived until emigrating, as a teenager, to Canada and then the US. Lindo said: “The people of Windrush changed the definition of what it means to be British. There are all these black and brown people, members of what used to be called the British Commonwealth, and they were invited by the British government to come to England, the United Kingdom, to help rebuild the United Kingdom in the aftermath of the destruction of world war two … They helped rebuild the construction industry, transportation industry, critically, the health industry, the National Health Service. My mom was a nurse.” The BBC and Bafta have both announced they will undertake reviews into what happened at the awards. Davidson was at the Bafta ceremony as I Swear, a film inspired by his life story, was nominated for a number of a...
The Hong Kong government has won an appeal against a court ruling that found a veteran teacher’s dismissal for anti-police remarks was unlawful. The Court of Appeal on Friday ruled that the secretary for the civil service was entitled to sack 27-year veteran Toffee Tam Yuk-fun and strip her of all retirement benefits for serious misconduct during the 2019 anti-government protests Tam, who taught a...
The Hong Kong government has won an appeal against a court ruling that found a veteran teacher’s dismissal for anti-police remarks was unlawful. The Court of Appeal on Friday ruled that the secretary for the civil service was entitled to sack 27-year veteran Toffee Tam Yuk-fun and strip her of all retirement benefits for serious misconduct during the 2019 anti-government protests Tam, who taught at the Jockey Club Government Secondary School in Kowloon Tong, previously won a judicial review over the punishment she received for insulting police officers and their families in eight “highly improper” posts on social media between June and September 2019. Advertisement The posts contained taunts suggesting officers’ wives would sleep with other men while they worked overtime handling the protests, while their children should be proud of their parents instead of fearing being bullied in school. Tam also wrote in two comments that “rogue cops” and their families should die. Advertisement Mr Justice Russell Coleman of the Court of First Instance found that the penalty, taking into account Tam’s “unblemished conduct” in the 25 years leading up to the misconduct, was so harsh and oppressive that “its imposition must have involved some error of law”. Justice Jeremy Poon Shiu-chor, giving the reasons on behalf of the three appeal court judges, said dismissal was within the reasonable range of penalties that could be imposed in the case given the gravity of the misconduct and the public interest involved.
loops7/iStock via Getty Images Rocket Lab Corporation ( RKLB ) completed its second successful mission in less than a week. Notably, the two launches were from separate countries. The latest mission, "Insight At Speed Is A Friend Indeed," lifted off from Launch Complex 1 in Mahia, New Zealand, on Friday, deploying a single commercial satellite to a 470 km low Earth orbit for a confidential custome...
loops7/iStock via Getty Images Rocket Lab Corporation ( RKLB ) completed its second successful mission in less than a week. Notably, the two launches were from separate countries. The latest mission, "Insight At Speed Is A Friend Indeed," lifted off from Launch Complex 1 in Mahia, New Zealand, on Friday, deploying a single commercial satellite to a 470 km low Earth orbit for a confidential customer. The mission utilized Rocket Lab’s Motorized Lightband separation system, which has achieved a perfect success rate, highlighting the company’s vertically integrated approach that combines launch and space systems capabilities. The rapid cadence by Rocket Lab ( RKLB ) follows a mission just six days earlier from Launch Complex 2 on Wallops Island, Virginia, which carried a hypersonic test flight for the U.S. Department of War's Defense Innovation Unit using the company's HASTE vehicle. The back-to-back launches were highlighted as demonstrating Rocket Lab's ( RKLB ) operational efficiency and reaffirming its position as the most active provider of small-lift launches globally. "Insight At Speed Is A Friend Indeed" marks the company's fourth launch of 2026 and the 83rd overall for its Electron rocket family, including both orbital and suborbital variants. Rocket Lab ( RKLB ) plans another Electron mission later this month from its New Zealand site, with additional details to be announced soon. Shares of Rocket Lab ( RKLB ) were down 1.1% in premarket trading. Short interest on RKLB has fallen all the way to just 3.7% of the total float. More on Rocket Lab USA Rocket Lab: Neutron Slips Again, Margins Peak But Backlog Saves The Day Rocket Lab: Impressive Results But Another Neutron Delay Rocket Lab Corporation 2025 Q4 - Results - Earnings Call Presentation Rocket Lab is the top holding in Roundhill's new space economy ETF White House to meet defense contractors on boosting weapons output
This article first appeared on GuruFocus. Microsoft (MSFT, Financials) said it will continue providing Anthropic's artificial intelligence technology to its customers despite the U.S. Department of Defense designating the startup as a supply-chain risk. The company said Anthropic's models, including the Claude AI system, will remain available through several Microsoft platforms for most users. How...
This article first appeared on GuruFocus. Microsoft (MSFT, Financials) said it will continue providing Anthropic's artificial intelligence technology to its customers despite the U.S. Department of Defense designating the startup as a supply-chain risk. The company said Anthropic's models, including the Claude AI system, will remain available through several Microsoft platforms for most users. However, the services will not be provided to the Department of Defense following the government's decision. The Pentagon informed Anthropic earlier that it would classify the company as a supply-chain risk, a move that could restrict its use across U.S. defense systems. Anthropic said it intends to challenge the designation in court. Microsoft said its legal team reviewed the situation and determined that Anthropic technology can still be offered to commercial customers through services such as Microsoft 365, GitHub and the company's AI Foundry platform. The company added that it will also continue working with Anthropic on projects unrelated to defense. The decision makes Microsoft one of the first major technology companies to publicly maintain its relationship with Anthropic following the Pentagon's move. Anthropic's models have been used in various government and commercial applications, and reports indicate they were involved in supporting recent U.S. military operations involving artificial intelligence tools.
February Payrolls Preview: "For This Print, The Stronger The Better" The February jobs report is expected to show 55k jobs added to the US economy in the month, a sharp drop from 130k in January but slightly above the Fed's 50k breakeven estimate. Private payrolls are expected to rise by 60k versus the prior 172k. The unemployment rate is expected to remain unchanged at 4.3%, while wages are seen ...
February Payrolls Preview: "For This Print, The Stronger The Better" The February jobs report is expected to show 55k jobs added to the US economy in the month, a sharp drop from 130k in January but slightly above the Fed's 50k breakeven estimate. Private payrolls are expected to rise by 60k versus the prior 172k. The unemployment rate is expected to remain unchanged at 4.3%, while wages are seen rising 0.3% M/M and 3.7% Y/Y. According toi Newsquawk, the data will be used to gauge Fed rate cut expectations, while some on the FOMC, including Waller, will use it to decide whether to vote for a rate cut or hold in March, although the Fed is expected to keep rates on hold barring any drastic change in the current situation or outlook. Recent proxies have been mixed: the ADP report was strong, while the ISM PMI employment sub-components showed improvement in both manufacturing and services, though manufacturing remained in contractionary territory. Initial jobless claims for the reference week were steady over comparable periods, while continuing claims rose slightly. The Conference Board reported a modest improvement in labor market perceptions. The Chicago Fed unemployment model expects the unemployment rate to remain at 4.3%.Earlier today, RevelioLabs reported 16.7k jobs lost in February versus a 13.3k gain in January. Challenger layoffs fell notably. Expectations: Headline NFP is expected to show 55k jobs added in February, cooling from Januaryʼs 130k increase. Analyst forecasts range between -9k and +113k. Private payrolls are expected to rise by 65k from the prior 172k, with forecasts ranging between +25k and +110k. The Fedʼs current estimate of the breakeven rate is around 50k. Goldman estimates payrolls rose by 45k in February, below consensus. On the negative side, the bank expects a 31k drag from newly striking workers and a modest headwind from poor winter weather after it likely boosted January payroll growth. The bank expects unchanged government payrolls, r...
Prem clubs have agreed to significantly regulate contact training in a major breakthrough for the Rugby Players' Association (RPA). After years of lobbying from the players' union, clubs will revolutionise how they record and share data around contact training, with detailed scrutiny of any concussion suffered. There will be a staggered return to contact for international players following their f...
Prem clubs have agreed to significantly regulate contact training in a major breakthrough for the Rugby Players' Association (RPA). After years of lobbying from the players' union, clubs will revolutionise how they record and share data around contact training, with detailed scrutiny of any concussion suffered. There will be a staggered return to contact for international players following their five-week summer break, which will lessen the load on England's top stars. Players will also be required to wear Instrumented Mouthguards during contact sessions in the week rather than just during matches. "The RPA has been working hard to produce the first change of this kind relating to the training environment globally," the organisation's general secretary Christian Day told BBC Sport. "These changes will allow us to better identify when contact is occurring, understand what players are experiencing on the training field and to better protect all players as they return after their off-season break." England World Cup winner Steve Thompson, who has been diagnosed with early-onset dementia, which he attributes to the repeated brain trauma suffered during his rugby career, is among those to have called for drastic changes in the amount of contact in training. In 2021 World Rugby published a recommendation that teams should not exceed 15 minutes contact training per week, but this has not been mandatory and it is regularly exceeded.
Micron Technology Inc (NASDAQ:MU) was down in premarket trading Friday. U.S. stock futures also fell Friday ahead of February employment data, with Nasdaq 100 futures dropping 0.49%. South Korean Memory Stocks Pull Micron Down Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memo...
Micron Technology Inc (NASDAQ:MU) was down in premarket trading Friday. U.S. stock futures also fell Friday ahead of February employment data, with Nasdaq 100 futures dropping 0.49%. South Korean Memory Stocks Pull Micron Down Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to NAND flash chips. Rival memory chipmakers tumbled on the Korea Exchange on Friday. Samsung Electronics Co Ltd (OTC:SSNLF) fell 1.77%, closing at 188,200 South Korean won. SK Hynix Inc dropped 1.81% to 924,000 won. Cramer Flags South Korean Spillover Risk CNBC’s Jim Cramer flagged this dynamic earlier this week. “Beware of South Korean spillover into our markets,” Cramer wrote on X, naming Micron among stocks he called “all still vulnerable.” Technical Analysis Micron has shown a remarkable 12-month performance with a gain of 344.77%, indicating strong investor confidence and market momentum. However, the stock is currently trading 4% below its 20-day simple moving average (SMA) of $406.13, yet it remains 29.8% above its 100-day SMA of $300.60. The RSI stands at 50.31, indicating a neutral market momentum. Earnings & Analyst Outlook Micron is set to report earnings on March 18. EPS Estimate : $8.56 (Up from $1.56 YoY) : $8.56 (Up from $1.56 YoY) Revenue Estimate : $19.10 billion (Up from $8.05 billion YoY) : $19.10 billion (Up from $8.05 billion YoY) Valuation: P/E of 37.7x (Indicates premium valuation) The stock carries a Buy Rating with an average price target of $377. Recent analyst moves include: UBS : Buy (Raises Target to $475.00) (Mar. 2) : Buy (Raises Target to $475.00) (Mar. 2) Stifel : Buy (Raises Target to $550.00) (Mar. 2) : Buy (Raises Target to $550.00) (Mar. 2) Needham: Buy (Raises Target to $450.00) (Feb. 17) MU Price Action: Micron Technology shares were down 2% at $389.12 during premarket trading on Friday, ...
Islay Capital Management LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 96.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100 shares of the semiconductor company's stock after selling 2,706 shares during the period. Islay Capital Management LLC's holdings in Ta...
Islay Capital Management LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 96.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100 shares of the semiconductor company's stock after selling 2,706 shares during the period. Islay Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $28,000 as of its most recent SEC filing. Other large investors also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $32,000. Resources Management Corp CT ADV acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $32,000. Fairman Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 171.2% in the 3rd quarter. Fairman Group LLC now owns 141 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 89 shares in the last quarter. Riggs Asset Managment Co. Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $41,000. Finally, Navigoe LLC purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at $42,000. Institutional investors and hedge funds own 16.51% of the company's stock. Get TSM alerts: Sign Up Analysts Set New Price Targets A number of analysts have recently commented on the stock. UBS Group set a $330.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Sunday, December 7th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 9th. The Goldman Sachs Group reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, January 5th. DA Davidson upgraded Taiwan Semiconductor Manufacturing to a "st...
Perennial Investment Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 323.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 120,869 shares of the electric vehicle producer's stock after purchasing an additional 92,317 shares during the period. Tesla makes up approximately 4.4% of Perennial Investment Advisors LLC's...
Perennial Investment Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 323.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 120,869 shares of the electric vehicle producer's stock after purchasing an additional 92,317 shares during the period. Tesla makes up approximately 4.4% of Perennial Investment Advisors LLC's investment portfolio, making the stock its 2nd largest position. Perennial Investment Advisors LLC's holdings in Tesla were worth $53,753,000 at the end of the most recent reporting period. A number of other large investors also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla in the 3rd quarter valued at $29,000. Westend Capital Management LLC purchased a new stake in Tesla during the third quarter worth about $32,000. Chapman Financial Group LLC purchased a new stake in Tesla during the second quarter worth about $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the second quarter worth about $30,000. Finally, ESL Trust Services LLC boosted its stake in shares of Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 95 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds. Get Tesla alerts: Sign Up Key Tesla News Here are the key news stories impacting Tesla this week: Analyst Ratings Changes A number of equities research analysts have issued reports on TSLA shares. William Blair reiterated a "market perform" rating on shares of Tesla in a report on Friday, January 2nd. President Capital reduced their price objective on Tesla from $517.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, January 30th. New Street Research boosted their target price on Tesla from $520....