SpaceX IPO Hype Ignites Blast Off For This Korean Broker Stock The SpaceX IPO , potentially launching as early as mid-June, is set to accelerate the " space investment " theme we previously outlined, with Elon Musk's rocket company rumored to target about $50 billion in proceeds at a $1.5 trillion valuation. Early bullish sentiment is already appearing in one public-market proxy: Seoul-based Mirae...
SpaceX IPO Hype Ignites Blast Off For This Korean Broker Stock The SpaceX IPO , potentially launching as early as mid-June, is set to accelerate the " space investment " theme we previously outlined, with Elon Musk's rocket company rumored to target about $50 billion in proceeds at a $1.5 trillion valuation. Early bullish sentiment is already appearing in one public-market proxy: Seoul-based Mirae Asset Securities Co., which has about $400 million of exposure to SpaceX and xAI, and has surged to the top spot on MSCI's broadest global stock index performance so far this year. Ha SeokKeun, CEO at Eugene Asset Management Co., was quoted by Bloomberg as saying that Mirae Asset's fundamentals are improving due to the strong Korean stock market, while its SpaceX position provides an additional catalyst, allowing investors to capture two sources of value simultaneously. Mirae Asset's brokerage revenue jumped to a record in 2025, up 43% over the previous year, according to its earnings report last week. The stock is trading at 21 times forward earnings estimates, or triple its five-year average. KB Securities Co. analyst Kang Seunggun warned that the stock's valuation is elevated and that the benefits of its high portfolio valuations remain unclear. There was roughly a one-month lag between the corporate media headlines about the SpaceX IPO in December and the market pricing in Mirae Asset's SpaceX exposure. "Most of the earnings increase comes from unrealized gains in consolidated funds, limiting the direct impact on standalone capital," Kang wrote in a note earlier this month. "As a result, we see greater uncertainty in translating valuation gains into shareholder returns." We have told readers the space theme is well underway, as well as ways to profit: Data Centers In Space Are Coming: Here's How To Profit A year ago, we mapped out Starlink's satellite supply chain as the space theme started to emerge: Goldman Turns Bullish On Starlink Satellite Parts Supplier As Space ...
Getty Images Tariffs Rule Unconstitutional With a 6-3 ruling, the Supreme Court struck down President Trump's tariffs, stating that the President doesn't have the authority under the International Emergency Economic Powers Act (IEEPA) to tax or impose duties. The main argument is that the first article of the Constitution gives the power of the purse only to Congress. The majority of the Court exp...
Getty Images Tariffs Rule Unconstitutional With a 6-3 ruling, the Supreme Court struck down President Trump's tariffs, stating that the President doesn't have the authority under the International Emergency Economic Powers Act (IEEPA) to tax or impose duties. The main argument is that the first article of the Constitution gives the power of the purse only to Congress. The majority of the Court expressed the opinion that the decision to apply import levies would widen and expand the powers that the Constitution gives to the President of the U.S.A. The three Justices who dissented, on the other hand, wrote that they believe the refund process will be extremely hard to manage, with the risk of a messy outcome and extreme pressure on the U.S. Department of the Treasury. Tariffs have been around for almost a year, and we have discussed them over and over. In particular, the debate has often hinged on who bears the real burden. Just a few days ago, the NY FED released a paper showing that almost 90% of the burden fell on U.S. businesses and consumers . The White House rebuked, saying that the paper was " an embarrassment " and that consumers are faring much better than a year ago. For sure, the Supreme Court decision marks a legal check that will be discussed and carefully examined for years, both at academic research levels and at institutional and governmental boards and conferences. Right now, I want to address how we could behave as investors since this ruling has an immediate effect and basically undermines one of the cornerstones of the U.S. administration's trade policy. Basically, we are back to 9% tariffs , as the Yale Budget Lab estimates. Let's then analyze the impact of this ruling on the most important macroeconomic variables. Fiscal Impact First of all, tariffs are a matter of government revenue. Below, we see the increase in yearly customs duties collected by the federal government once President Trump announced his new tariffs. We rapidly moved from $100B ...
Earnings Call Insights: Casella Waste Systems (CWST) Q4 2025 Management View Ned Coletta, President & CEO, opened his first call as CEO by emphasizing the company's fifth consecutive year of double-digit growth in revenue, adjusted EBITDA, and adjusted free cash flow. He noted, "For the full year 2025, revenues increased 18%, Adjusted EBITDA increased 17%, and adjusted free cash flow increased 14%...
Earnings Call Insights: Casella Waste Systems (CWST) Q4 2025 Management View Ned Coletta, President & CEO, opened his first call as CEO by emphasizing the company's fifth consecutive year of double-digit growth in revenue, adjusted EBITDA, and adjusted free cash flow. He noted, "For the full year 2025, revenues increased 18%, Adjusted EBITDA increased 17%, and adjusted free cash flow increased 14%." Coletta highlighted sustained organic growth, operating improvements, and strategic momentum, with a particular focus on margin expansion and disciplined collection pricing. He confirmed the completion of nine acquisitions in 2025 representing over $115 million in annualized revenues, and the January 2026 closing of the Mountain State Waste acquisition, which adds $30 million in annualized revenues and expands operations into West Virginia. Coletta also detailed key operational initiatives, including efficiencies from new automated trucks and significant progress on system integration in the Mid-Atlantic segment. He pointed to expansion efforts at the Hakes and Hyland landfills, expecting the Hakes permit "in the next couple of quarters and the Hyland permit expected within the year." Coletta stated, "We are working to more than double the annual permit at Hyland from 460,000 tons a year to 1,000,000 tons, and we would also add close to 60 years of capacity at current run rate." CFO Bradford Helgeson reported, "Revenues in the fourth quarter were $469.1 million, up $41.6 million, or 9.7% year-over-year, with $23.1 million from acquisitions... and $18.5 million from same-store growth, or 4.3%." Helgeson highlighted solid waste revenue growth, margin expansion, and the impact of risk-sharing structures offsetting commodity volatility in the recycling segment. Outlook Management announced 2026 financial guidance of revenue between $1.97 billion and $1.99 billion, representing 8% growth at the midpoint. Adjusted EBITDA is projected between $455 million and $465 million, or 9...
If the PlayStation 5 is your console of choice — and you’re not satisfied with the DualSense gamepad it comes with — the DualSense Edge may be what you’re looking for. Luckily, if its high asking price of $199 was keeping you away, Sony is now offering the white and black controller via the PlayStation Direct storefront in refurbished condition for $169 ($30 off). It comes with the same one-year w...
If the PlayStation 5 is your console of choice — and you’re not satisfied with the DualSense gamepad it comes with — the DualSense Edge may be what you’re looking for. Luckily, if its high asking price of $199 was keeping you away, Sony is now offering the white and black controller via the PlayStation Direct storefront in refurbished condition for $169 ($30 off). It comes with the same one-year warranty as a new unit, though it may exhibit minor cosmetic imperfections. Sony DualSense Edge Sony’s pro-style controller, the DualSense Edge, might suffer from shorter battery life than the standard DualSense model, but it features great software integration with the PlayStation 5 and plenty of customizable components. Where to Buy: $199 $169 at PlayStation Direct (refurbished) The DualSense Edge is significantly more customizable than Sony’s pack-in controller, with toggleable control schemes you can switch without leaving your game, mappable rear paddles, and swappable joysticks in case one breaks. On its back, there are switches that let you adjust the stopping point of its triggers, allowing either a full pull or a short and clicky feel. It’s also easy to tweak the joysticks’ deadzone and sensitivity levels. In addition to being a great pairing with the PS5, the DualSense Edge is also compatible with Windows. Several PC games published by PlayStation Studios feature support for some of the controller’s unique features, too. The wireless controller’s only significant downside is that it’s limited to eight hours of battery life, which is a couple of hours shorter than Sony’s standard DualSense gamepad. It shouldn’t be an issue if you remember to charge the controller every few days, though. Read our full DualSense Edge review .
The US president says he will impose a 10% global tariff after the supreme court found his current use of tariffs illegal blocked it. Trump called the decision a disgrace Continue reading...
The US president says he will impose a 10% global tariff after the supreme court found his current use of tariffs illegal blocked it. Trump called the decision a disgrace Continue reading...
Shares of European chemicals company Chemours (NYSE: CC) fell 16.8% on Friday, as of 2:46 p.m. EDT. The chemicals giant reported lackluster earnings today and also provided guidance that merely met the analyst consensus. Thus, it's no surprise the stock found itself in the red after having doubled since late November. Still, opportunity may lurk one of Chemours' all-star up-and-coming products. In...
Shares of European chemicals company Chemours (NYSE: CC) fell 16.8% on Friday, as of 2:46 p.m. EDT. The chemicals giant reported lackluster earnings today and also provided guidance that merely met the analyst consensus. Thus, it's no surprise the stock found itself in the red after having doubled since late November. Still, opportunity may lurk one of Chemours' all-star up-and-coming products. In the fourth quarter, Chemours delivered a 2.2% revenue decline, which was in line with Wall Street's expectations, while adjusted ( non-GAAP ) earnings per share fell 46% to $0.05, missing expectations by $0.02. Continue reading
Traffic moves along the 405 Freeway in Los Angeles in February of 2026. | Apu Gomes/Getty Images For decades, America's auto industry was the envy of the world, driven by mass production, the rise of Detroit's Big Three automakers, and the iconic stylings of the 1950s and '60s. Then, through a series of blunders and missteps, things started to unravel. There was the fuel crisis of the 1970s, which...
Traffic moves along the 405 Freeway in Los Angeles in February of 2026. | Apu Gomes/Getty Images For decades, America's auto industry was the envy of the world, driven by mass production, the rise of Detroit's Big Three automakers, and the iconic stylings of the 1950s and '60s. Then, through a series of blunders and missteps, things started to unravel. There was the fuel crisis of the 1970s, which led to an influx of Japanese imports that bested Detroit in fuel savings and reliability. And then there were various global financial collapses throughout the 1990s and early 2000s, and a significant decline in automotive quality as the Big Three continued to push bigger and more expensive vehicles, at the expense of road safety and global … Read the full story at The Verge.
Tim Robberts/DigitalVision via Getty Images Nobody has a perfect track record when it comes to timing in the market. But it is always nice to get a call exactly right. A great example of this can be seen by looking at Preformed Line Products Company ( PLPC ), a company that produces products dedicated to the power conductor and fiber communication cable spaces. It also produces protective closures...
Tim Robberts/DigitalVision via Getty Images Nobody has a perfect track record when it comes to timing in the market. But it is always nice to get a call exactly right. A great example of this can be seen by looking at Preformed Line Products Company ( PLPC ), a company that produces products dedicated to the power conductor and fiber communication cable spaces. It also produces protective closures that are used for fixed-line communication networks, as well as other miscellaneous related offerings. Before September of last year, I had taken a more neutral stance on the business. This was based on evaluation. However, back in September of last year, I decided to upgrade it to a soft "Buy" because of how rapid growth was. Since then, the stock has jumped 38.6%, comfortably outperforming the 2.7% rise of the S&P 500 over the same window of time. This can be attributed to continued rapid growth on both the top and bottom lines. To be honest with you, the stock is reaching a point where a downgrade is sensible. Again, this is a great company that's doing a fantastic job of expanding. At some point, however, the stock becomes fairly valued. Having said that, in light of the rapid growth that the company has exhibited, I will say that I am not ready to pull the trigger on an upgrade just yet. I am getting perilously close. But I would argue that another 10% to 20% increase is not unreasonable to expect in light of the overall picture of the business. Nearing a downgrade Based out of my home state of Ohio, Preformed Line Products Company is a fascinating business. As I mentioned already, the company provides certain industrial goods. Specifically, I am talking about those dedicated to the construction and maintenance of networks for the energy, telecommunication, cable operator, data communication, and other similar industries. Mostly, the company supports, protects, connects, terminates, and secures wires and cables. This is a rather simple business. But management has ach...