6 days ago
BRUSSELS, July 23 (Reuters) - A group of investors including Saudi Arabia's Public Investment Fund has secured EU antitrust approval for its $55 billion acquisition of video game developer Electronic Arts, the European Commission said on Thursday.
Saudi Arabia's $1 trillion wealth fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake announced the deal, the largest leveraged buyout in history, in September last year.
The Commission, which acts as the EU competition enforcer and had examined the deal under its merger rules, said the acquisition would not raise competition concerns, confirming a Reuters story.
The EU executive is also scrutinising the deal under its Foreign Subsidies Regulation (FSR) aimed at preventing unfair non-EU subsidies granted to companies looking to acquire rivals in the 27-country bloc and is seen as a bigger hurdle.
PIF is also expected to win EU clearance under EU subsidy rules, people familiar with the matter told Reuters last week. The Commission's decision is due by July 30.
#reuters #fund #Competition
Saudi Arabia's $1 trillion wealth fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake announced the deal, the largest leveraged buyout in history, in September last year.
The Commission, which acts as the EU competition enforcer and had examined the deal under its merger rules, said the acquisition would not raise competition concerns, confirming a Reuters story.
The EU executive is also scrutinising the deal under its Foreign Subsidies Regulation (FSR) aimed at preventing unfair non-EU subsidies granted to companies looking to acquire rivals in the 27-country bloc and is seen as a bigger hurdle.
PIF is also expected to win EU clearance under EU subsidy rules, people familiar with the matter told Reuters last week. The Commission's decision is due by July 30.
#reuters #fund #Competition
8 days ago
September British pound (B6U26) futures present a buying opportunity on more price strength.
See on the daily bar chart for the September British pound futures that prices are in an uptrend. The bulls have the near-term technical advantage and "the trend is their friend."
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
#british #Bulls #b6u26
See on the daily bar chart for the September British pound futures that prices are in an uptrend. The bulls have the near-term technical advantage and "the trend is their friend."
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
#british #Bulls #b6u26
14 days ago
F.N.B. (NYSE:FNB) reported stronger second-quarter 2026 earnings, record revenue and continued balance sheet growth, while management lowered its full-year net interest income outlook, citing deposit competition and the impact of changes in short-term rates.
Chairman, President and CEO Vince Delie said earnings per share rose 17% from a year earlier to $0.42, with net income of $149 million. Total revenue reached a record $463 million, including net interest income of $366 million and non-interest income of $97 million. Delie said the results helped drive a 9% year-over-year increase in pre-provision net revenue and positive operating leverage.
→ 3 ******* e Stocks That Could Outshine ******* eX After Its IPO
The company also reported tangible book value per common share of $12.24, up 10% from a year earlier. F.N.B. repurchased $47 million, or 2.7 million shares, during the quarter at a weighted average price of $17.46. Management said capital remained strong, with a tangible common equity ratio near 9% and return on average tangible common equity of 14%.
Period-end loans rose at a 7.5% annualized rate from the prior quarter, with Delie pointing to growth in commercial and industrial lending, consumer lending and seasonal residential mortgage production. He said C&I growth of 8% annualized on a linked-quarter basis was driven by lower risk-rated, high-quality commercial borrowers.
Chairman, President and CEO Vince Delie said earnings per share rose 17% from a year earlier to $0.42, with net income of $149 million. Total revenue reached a record $463 million, including net interest income of $366 million and non-interest income of $97 million. Delie said the results helped drive a 9% year-over-year increase in pre-provision net revenue and positive operating leverage.
→ 3 ******* e Stocks That Could Outshine ******* eX After Its IPO
The company also reported tangible book value per common share of $12.24, up 10% from a year earlier. F.N.B. repurchased $47 million, or 2.7 million shares, during the quarter at a weighted average price of $17.46. Management said capital remained strong, with a tangible common equity ratio near 9% and return on average tangible common equity of 14%.
Period-end loans rose at a 7.5% annualized rate from the prior quarter, with Delie pointing to growth in commercial and industrial lending, consumer lending and seasonal residential mortgage production. He said C&I growth of 8% annualized on a linked-quarter basis was driven by lower risk-rated, high-quality commercial borrowers.
14 days ago
Investors in AI hyperscalers are set to digest yet another huge quarter of capital expenditures when results begin to trickle in later this month.
The unanswered question: Are the free-spending ways of tech execs finally reflected in the much lower stock valuations of their companies?
Big Tech capital expenditures/sales are expected to reach an all-time peak in the third quarter of this year, Barclays strategists pointed out in a new note (chart below). That essentially means aggressive AI spending continues to yield limited impact on sales and, by extension, profits.
Concerns in the market about hyperscaler capital expenditures aren't too hard to find.
All "Magnificent Seven" stocks have underperformed the S&P 500 (^GSPC) in 2026 except for Alphabet (GOOG, GOOGL), which has notched a 15% year-to-date gain versus the benchmark index's 9.5% advance.
The unanswered question: Are the free-spending ways of tech execs finally reflected in the much lower stock valuations of their companies?
Big Tech capital expenditures/sales are expected to reach an all-time peak in the third quarter of this year, Barclays strategists pointed out in a new note (chart below). That essentially means aggressive AI spending continues to yield limited impact on sales and, by extension, profits.
Concerns in the market about hyperscaler capital expenditures aren't too hard to find.
All "Magnificent Seven" stocks have underperformed the S&P 500 (^GSPC) in 2026 except for Alphabet (GOOG, GOOGL), which has notched a 15% year-to-date gain versus the benchmark index's 9.5% advance.
16 days ago
Kodiak AI, Inc. (NASDAQ:KDK) has declined roughly 21% over the past month and is now trading close to its all-time lows. However, the Street expects more than 125% upside from the current level, making it one of the Best All-Time Low Stocks to Buy Now.
The downward momentum has been driven by valuation reassessments and possible deployment transition delays. Recently, on June 26, Northland Securities ***** yst Michael Latimore maintained a Buy rating on Kodiak AI, Inc. (NASDAQ:KDK) with a price target of $11. Earlier on June 24, AmerX initiated coverage on the stock with a Hold rating. ***** yst Casey Ryan did not set a price target.
Ryan noted that uncertainty around the timing of revenue growth is a key risk to its forecasts. The firm expects that the company will need to raise additional capital to fund growth in 2027 and 2028. This could put pressure on the stock's valuation over that period. Hence, the firm remains cautious on the shares at current levels. The firm views the stock as trading within a fair value range.
Kodiak AI Inc. (NASDAQ:KDK) specializes in developing autonomous vehicle technology solutions. It offers a virtual driver that integrates AI-enabled software with vehicle-neutral hardware. It also delivers driver-as-a-service to its customers.
While we acknowledge the potential of KDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
The downward momentum has been driven by valuation reassessments and possible deployment transition delays. Recently, on June 26, Northland Securities ***** yst Michael Latimore maintained a Buy rating on Kodiak AI, Inc. (NASDAQ:KDK) with a price target of $11. Earlier on June 24, AmerX initiated coverage on the stock with a Hold rating. ***** yst Casey Ryan did not set a price target.
Ryan noted that uncertainty around the timing of revenue growth is a key risk to its forecasts. The firm expects that the company will need to raise additional capital to fund growth in 2027 and 2028. This could put pressure on the stock's valuation over that period. Hence, the firm remains cautious on the shares at current levels. The firm views the stock as trading within a fair value range.
Kodiak AI Inc. (NASDAQ:KDK) specializes in developing autonomous vehicle technology solutions. It offers a virtual driver that integrates AI-enabled software with vehicle-neutral hardware. It also delivers driver-as-a-service to its customers.
While we acknowledge the potential of KDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
20 days ago
July 09, 2026, 7:55 pm EDT
‘We’ve got a task force for that.’ Despite renewed fighting in the Middle East, oil prices fell on Thursday, and all three major indexes posted gains in a broad market rally. Plus, Federal Reserve Chairman Kevin Warsh announced who will be involved with his task forces aimed at revamping the central bank. More on that below.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Magnificent Seven stocks were back in the driver’s seat this past week—and investors should hope they doesn’t revert back to the Lag Seven anytime soon.
‘We’ve got a task force for that.’ Despite renewed fighting in the Middle East, oil prices fell on Thursday, and all three major indexes posted gains in a broad market rally. Plus, Federal Reserve Chairman Kevin Warsh announced who will be involved with his task forces aimed at revamping the central bank. More on that below.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Magnificent Seven stocks were back in the driver’s seat this past week—and investors should hope they doesn’t revert back to the Lag Seven anytime soon.
20 days ago
Elon Musk's second-in-command has donated one share of ***** eX to more than 2 million children — a gift President Donald Trump said is worth $325 million.
SpaceX President Gwynne Shotwell did not disclose the monetary value of the donation on Monday when she announced it on X (1); instead saying she and her husband would "gift a share of our ***** eX stock to a Trump Account for each of more than two million children across our great nation."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
SpaceX President Gwynne Shotwell did not disclose the monetary value of the donation on Monday when she announced it on X (1); instead saying she and her husband would "gift a share of our ***** eX stock to a Trump Account for each of more than two million children across our great nation."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
25 days ago
Yext Inc. (NYSE:YEXT) is one of the best value penny stocks to buy according to hedge funds. On June 2, Yext reported its financial results for FQ1 2027, which ended April 30. The company achieved $107.9 million in revenue and an Adjusted EBITDA of $26.9 million, representing a 25% margin. Additionally, Yext reported an ARR of $440.8 million and a basic net income per share of $0.02.
During the quarter, Yext Inc. (NYSE:YEXT) completed a tender offer that resulted in the repurchase of 24.3 million shares for $140 million and increased its separate open-market share repurchase authorization by $100 million. CEO Michael Walrath emphasized that the company's structural efficiency and strong cash generation support its evolution as an infrastructure layer for brands deploying autonomous AI agents.
Looking ahead, management plans to leverage its cash position to fund internal research and development, pursue strategic acquisitions, and continue returning capital to shareholders. The company noted growth in its higher-value customer segment (those with ARR of $50,000 or more) as a key indicator of its long-term market potential.
Yext Inc. (NYSE:YEXT) offers a platform that responds to consumer inquiries around the globe. The cloud-based platform provides businesses with a centralized solution that includes controlling the content landing pages, managing customer reviews, and updating their content, among other things. It also offers professional customization of the platform.
While we acknowledge the potential of YEXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
During the quarter, Yext Inc. (NYSE:YEXT) completed a tender offer that resulted in the repurchase of 24.3 million shares for $140 million and increased its separate open-market share repurchase authorization by $100 million. CEO Michael Walrath emphasized that the company's structural efficiency and strong cash generation support its evolution as an infrastructure layer for brands deploying autonomous AI agents.
Looking ahead, management plans to leverage its cash position to fund internal research and development, pursue strategic acquisitions, and continue returning capital to shareholders. The company noted growth in its higher-value customer segment (those with ARR of $50,000 or more) as a key indicator of its long-term market potential.
Yext Inc. (NYSE:YEXT) offers a platform that responds to consumer inquiries around the globe. The cloud-based platform provides businesses with a centralized solution that includes controlling the content landing pages, managing customer reviews, and updating their content, among other things. It also offers professional customization of the platform.
While we acknowledge the potential of YEXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
26 days ago
Ambarella, Inc. (NASDAQ:AMBA) is one of the best robotics stocks to buy. On May 29, Rosenblatt reiterated a Buy rating on Ambarella (NASDAQ:AMBA) with a $120 price target. The firm remains bullish as the use of AI models at the network edge is increasingly fueling demand for the company's CV SoC platforms.
The company has already inked a 10-year deal with Hanwha Group for multiple AI SoC platforms. The agreement paves the way for the sourcing and co-development of Ambarella edge AI technology across Hanwha product lines and industries. The agreement has the potential to generate $800 million in potential revenues.
The agreement comes as Ambarella's 5nm, 4nm, and soon-to-be-2nm AI SoC technology is poised for energy-efficient, high-performance applications. They are also well-suited for edge applications, from robotics to telematics.
Meanwhile, on June 17, Northland reiterated an Outperform rating on Ambarella and a $101 price target, impressed by the company's prospects in artificial intelligence applications.
Ambarella, Inc. (NASDAQ:AMBA) designs low-power semiconductors and software for "edge" AI and computer vision. Their specialized chips process high-resolution video and sensor data in real-time on devices, enabling them to understand their surroundings without relying on the cloud.
The company has already inked a 10-year deal with Hanwha Group for multiple AI SoC platforms. The agreement paves the way for the sourcing and co-development of Ambarella edge AI technology across Hanwha product lines and industries. The agreement has the potential to generate $800 million in potential revenues.
The agreement comes as Ambarella's 5nm, 4nm, and soon-to-be-2nm AI SoC technology is poised for energy-efficient, high-performance applications. They are also well-suited for edge applications, from robotics to telematics.
Meanwhile, on June 17, Northland reiterated an Outperform rating on Ambarella and a $101 price target, impressed by the company's prospects in artificial intelligence applications.
Ambarella, Inc. (NASDAQ:AMBA) designs low-power semiconductors and software for "edge" AI and computer vision. Their specialized chips process high-resolution video and sensor data in real-time on devices, enabling them to understand their surroundings without relying on the cloud.
28 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Mortgages backed by the U.S. Department of Veterans Affairs, or VA loans, are a valuable perk for military-affiliated home buyers. For decades, they have allowed active duty service members and veterans to buy a home with no down payment, refinance a mortgage, and tap home equity. Here are our picks for the best VA mortgage lenders of July 2026.
Why Pennymac mortgages stand out: As one of the nation's largest retail VA lenders by loan volume, Pennymac also ensures your loan will close on time.
Availability: All 50 states and Washington, D.C.
Minimum credit score: VA purchase loans: 580. VA cash-out refinance: 620. VA IRRLs: No minimum for current customers.
Mortgages backed by the U.S. Department of Veterans Affairs, or VA loans, are a valuable perk for military-affiliated home buyers. For decades, they have allowed active duty service members and veterans to buy a home with no down payment, refinance a mortgage, and tap home equity. Here are our picks for the best VA mortgage lenders of July 2026.
Why Pennymac mortgages stand out: As one of the nation's largest retail VA lenders by loan volume, Pennymac also ensures your loan will close on time.
Availability: All 50 states and Washington, D.C.
Minimum credit score: VA purchase loans: 580. VA cash-out refinance: 620. VA IRRLs: No minimum for current customers.
28 days ago
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1 month ago
Interested in Broadcom Inc.? Here are five stocks we like better.
Broadcom's sell-off has centered on concerns that Alphabet could diversify more of its TPU work beyond Broadcom.
JPMorgan's bullish view pushes back on those fears, arguing that Broadcom remains well-positioned in Google's future TPU generations.
Broadcom's AI semiconductor revenue continues to grow rapidly, giving bulls a fundamental counterpoint to the recent stock weakness.
Semiconductor giant Broadcom (NASDAQ: AVGO) experienced a dramatic drop-off since its last earnings report. Just days prior to the release, Broadcom traded at its all-time high near $480. However, the company failed to meet the extremely high expectations implied by its valuation, and shares tanked almost 20% in the following two days.
Broadcom's sell-off has centered on concerns that Alphabet could diversify more of its TPU work beyond Broadcom.
JPMorgan's bullish view pushes back on those fears, arguing that Broadcom remains well-positioned in Google's future TPU generations.
Broadcom's AI semiconductor revenue continues to grow rapidly, giving bulls a fundamental counterpoint to the recent stock weakness.
Semiconductor giant Broadcom (NASDAQ: AVGO) experienced a dramatic drop-off since its last earnings report. Just days prior to the release, Broadcom traded at its all-time high near $480. However, the company failed to meet the extremely high expectations implied by its valuation, and shares tanked almost 20% in the following two days.
1 month ago
The Kraft Heinz Company (NASDAQ:KHC) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett.
Food products firm The Kraft Heinz Company (NASDAQ:KHC)'s shares are down by 8.2% over the past year and by 2.8% year-to-date. Berkshire disclosed a stake in the firm in the third quarter of 2015. Back then, it held 325 million shares that were worth $22.9 billion. Or more precisely, Berkshire had disclosed holding 325,634,818 The Kraft Heinz Company (NASDAQ:KHC) shares back then. In perhaps the strongest example of Charlie Munger and Warren Buffett's philosophy of buying and forgetting, the investment firm has held the exact number of shares since then. However, as the average price has dipped from $75.49 to $23.52, the latest stake is worth $7.3 billion.
The Kraft Heinz Company (NASDAQ:KHC) made a major announcement on June 18th when it announced that it would split its operating structure into three regions. It will combine Asia Emerging Markets and West and East Emerging Markets into one Emerging Markets Region in order to streamline business operations. The stock's dividend yield is 6.75% as of June 28th.
While we acknowledge the potential of KHC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Food products firm The Kraft Heinz Company (NASDAQ:KHC)'s shares are down by 8.2% over the past year and by 2.8% year-to-date. Berkshire disclosed a stake in the firm in the third quarter of 2015. Back then, it held 325 million shares that were worth $22.9 billion. Or more precisely, Berkshire had disclosed holding 325,634,818 The Kraft Heinz Company (NASDAQ:KHC) shares back then. In perhaps the strongest example of Charlie Munger and Warren Buffett's philosophy of buying and forgetting, the investment firm has held the exact number of shares since then. However, as the average price has dipped from $75.49 to $23.52, the latest stake is worth $7.3 billion.
The Kraft Heinz Company (NASDAQ:KHC) made a major announcement on June 18th when it announced that it would split its operating structure into three regions. It will combine Asia Emerging Markets and West and East Emerging Markets into one Emerging Markets Region in order to streamline business operations. The stock's dividend yield is 6.75% as of June 28th.
While we acknowledge the potential of KHC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
1 month ago
Ryman Hospitality Properties, Inc. (NYSE:RHP) is one of the 10 Interest Rate Sensitive Stocks to Buy Now.
On June 25, 2026, Ryman Hospitality Properties, Inc. (NYSE:RHP) addressed recent media reports about its Opry Entertainment Group business. Executive chairman Colin Reed said the company had "received inbound interest" from organizations seeking to partner with its entertainment business, citing the global popularity of country music and demand for live experiences. Ryman Hospitality said it engaged Morgan Stanley & Co. LLC to help evaluate potential opportunities. Reed also said the company expects to play an integral role in OEG's continued growth regardless of any strategic partnerships being considered.
On June 12, BMO Capital raised its price target on Ryman Hospitality to $137 from $125 and kept an Outperform rating as part of a broader note on Gaming and Lodging names. BMO Capital said World Cup anticipation has taken a back seat to strong RevPAR performance, which suggests upside to Q2 results and outlooks even if World Cup upside does not materialize. The firm added that World Cup expectations are fairly low and hotel prices have continued to moderate, moving lower at 70% of lodging REIT hotels since April.
Earlier in June, Raymond James raised its price target on Ryman Hospitality to $125 from $120 and kept an Outperform rating. Raymond James updated its lodging REIT models after Q1 earnings, updated guidance, and recent updates from the NAREIT REIT Week conference.
Ryman Hospitality Properties, Inc. (NYSE:RHP) is a lodging and hospitality real estate investment trust specializing in upscale convention center resorts and entertainment experiences.
On June 25, 2026, Ryman Hospitality Properties, Inc. (NYSE:RHP) addressed recent media reports about its Opry Entertainment Group business. Executive chairman Colin Reed said the company had "received inbound interest" from organizations seeking to partner with its entertainment business, citing the global popularity of country music and demand for live experiences. Ryman Hospitality said it engaged Morgan Stanley & Co. LLC to help evaluate potential opportunities. Reed also said the company expects to play an integral role in OEG's continued growth regardless of any strategic partnerships being considered.
On June 12, BMO Capital raised its price target on Ryman Hospitality to $137 from $125 and kept an Outperform rating as part of a broader note on Gaming and Lodging names. BMO Capital said World Cup anticipation has taken a back seat to strong RevPAR performance, which suggests upside to Q2 results and outlooks even if World Cup upside does not materialize. The firm added that World Cup expectations are fairly low and hotel prices have continued to moderate, moving lower at 70% of lodging REIT hotels since April.
Earlier in June, Raymond James raised its price target on Ryman Hospitality to $125 from $120 and kept an Outperform rating. Raymond James updated its lodging REIT models after Q1 earnings, updated guidance, and recent updates from the NAREIT REIT Week conference.
Ryman Hospitality Properties, Inc. (NYSE:RHP) is a lodging and hospitality real estate investment trust specializing in upscale convention center resorts and entertainment experiences.
1 month ago
A reefer unit burns its own diesel. Anyone who runs refrigerated freight knows this, because they are paying for two fuel burns on every load: the diesel that moves the truck down the road, and the separate diesel that runs the refrigeration unit on the trailer keeping the freight cold. Both come out of the same pocket. Only one of them is actually pushing the truck down the highway.
Prime Inc., the Springfield, Missouri carrier that runs roughly 9,000 trucks and is one of the largest refrigerated carriers in the country, has decided that the distinction is worth more than $11 million, and it is now making that case in federal court against the Internal Revenue Service.
In a complaint filed June 16, 2026, in the U.S. District Court for the Western District of Missouri, Prime petitioned the IRS for a refund of $11,016,644 in federal fuel excise tax that it paid between 2018 and 2021. The basis for the claim is specific and, on its face, straightforward. Prime argues that the diesel used exclusively to power the refrigeration units on its trailers, fuel that never propelled a vehicle, constitutes an off-highway, nontaxable business use, and that taxing it as standard highway fuel was improper.
The logic rests on what the federal fuel excise tax is actually for. That tax, currently 24.3 cents per gallon on undyed diesel, exists to fund "highway infrastructure". It is, in effect, a user fee for the roads. Fuel that runs a refrigeration unit on a trailer does not use the highway in that sense. It is burned to spin a compressor and keep a box cold, whether the truck is rolling down the interstate or parked at a dock overnight. Prime's position is that fuel doing that work was never highway fuel and should never have carried the highway tax. This is where technically, the point is very valid.
This is not Prime's first attempt to recover the money. According to the complaint, Prime previously filed for refunds covering the periods ending March 31, 2018 through December 31, 2020, and the IRS denied all of those claims. Prime then filed an additional claim on September 12, 2025 covering 2021, and as of the complaint, it had received neither a refund nor a denial notice for that year. Having exhausted the administrative route without success, Prime has moved the fight to federal court. In addition to the $11 million, it is seeking litigation costs, attorney fees, and prejudgment and post-judgment interest.
Prime Inc., the Springfield, Missouri carrier that runs roughly 9,000 trucks and is one of the largest refrigerated carriers in the country, has decided that the distinction is worth more than $11 million, and it is now making that case in federal court against the Internal Revenue Service.
In a complaint filed June 16, 2026, in the U.S. District Court for the Western District of Missouri, Prime petitioned the IRS for a refund of $11,016,644 in federal fuel excise tax that it paid between 2018 and 2021. The basis for the claim is specific and, on its face, straightforward. Prime argues that the diesel used exclusively to power the refrigeration units on its trailers, fuel that never propelled a vehicle, constitutes an off-highway, nontaxable business use, and that taxing it as standard highway fuel was improper.
The logic rests on what the federal fuel excise tax is actually for. That tax, currently 24.3 cents per gallon on undyed diesel, exists to fund "highway infrastructure". It is, in effect, a user fee for the roads. Fuel that runs a refrigeration unit on a trailer does not use the highway in that sense. It is burned to spin a compressor and keep a box cold, whether the truck is rolling down the interstate or parked at a dock overnight. Prime's position is that fuel doing that work was never highway fuel and should never have carried the highway tax. This is where technically, the point is very valid.
This is not Prime's first attempt to recover the money. According to the complaint, Prime previously filed for refunds covering the periods ending March 31, 2018 through December 31, 2020, and the IRS denied all of those claims. Prime then filed an additional claim on September 12, 2025 covering 2021, and as of the complaint, it had received neither a refund nor a denial notice for that year. Having exhausted the administrative route without success, Prime has moved the fight to federal court. In addition to the $11 million, it is seeking litigation costs, attorney fees, and prejudgment and post-judgment interest.
1 month ago
The S&P 500 Index ($SPX) (SPY) today is down -0.18%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.20%. September E-mini S&P futures (ESU26) are down -0.30%, and September E-mini Nasdaq futures (NQU26) are down -0.32%.
Stock indexes erased early gains today and are trading mixed as the weakness in the Magnificent Seven technology stocks is weighing on the broader market. Stocks initially moved higher today, led by strength in chipmakers, after Micron Technology's blowout forecast reaffirmed the bull case for the artificial intelligence trade. Micron is up more than +9% after forecasting Q4 revenue of $50 billion, well above the consensus of $43.24 billion. Also, Qualcomm is up by more than 3% after forecasting annual sales of more than $15 billion from artificial intelligence components for data centers by fiscal 2029.
Palantir Stock Crashes to a 52-Week Low: Why It's Time to Buy the Dip.
Corning Stock Skyrockets on AI-Related Demand, Spurring Unusual Call Option Buying
AMD's MEXT Acquisition Is More Important Than Markets Realize. Here's How It Solves the Memory Bottleneck.
Stock indexes erased early gains today and are trading mixed as the weakness in the Magnificent Seven technology stocks is weighing on the broader market. Stocks initially moved higher today, led by strength in chipmakers, after Micron Technology's blowout forecast reaffirmed the bull case for the artificial intelligence trade. Micron is up more than +9% after forecasting Q4 revenue of $50 billion, well above the consensus of $43.24 billion. Also, Qualcomm is up by more than 3% after forecasting annual sales of more than $15 billion from artificial intelligence components for data centers by fiscal 2029.
Palantir Stock Crashes to a 52-Week Low: Why It's Time to Buy the Dip.
Corning Stock Skyrockets on AI-Related Demand, Spurring Unusual Call Option Buying
AMD's MEXT Acquisition Is More Important Than Markets Realize. Here's How It Solves the Memory Bottleneck.
1 month ago
Despite the stock's significant appreciation, the most compelling upside lies not in near-term earnings but in the long-term visibility the company is building today.
After a +53% run over the past year, you might be wondering what could possibly be left in the tank for Broadcom (AVGO). The stock isn't a secret, and the AI story is well known. But the most powerful driver for the next phase of growth extends beyond the strong demand everyone sees today. It lies in how that demand is translating into something exceedingly rare in the chip industry: a multi-year, locked-in view of the future.
A Signal Of Insatiable Demand
Let's start with the present, because the numbers are noteworthy. In its most recent quarter, Broadcom's AI semiconductor revenue hit a record $10.8 billion. That's impressive on its own. But here's the figure that changes the game: during that same period, the company took in bookings for AI semiconductors of "over $30 billion." Think about that. For every dollar of AI chips it shipped, it booked more for the future. This isn't a gentle updraft; it's a clear signal that demand from its core customers is simply outrunning its current ability to supply it, creating a formidable pipeline of future business.
How Far Out Can This Trajectory Really Go?
After a +53% run over the past year, you might be wondering what could possibly be left in the tank for Broadcom (AVGO). The stock isn't a secret, and the AI story is well known. But the most powerful driver for the next phase of growth extends beyond the strong demand everyone sees today. It lies in how that demand is translating into something exceedingly rare in the chip industry: a multi-year, locked-in view of the future.
A Signal Of Insatiable Demand
Let's start with the present, because the numbers are noteworthy. In its most recent quarter, Broadcom's AI semiconductor revenue hit a record $10.8 billion. That's impressive on its own. But here's the figure that changes the game: during that same period, the company took in bookings for AI semiconductors of "over $30 billion." Think about that. For every dollar of AI chips it shipped, it booked more for the future. This isn't a gentle updraft; it's a clear signal that demand from its core customers is simply outrunning its current ability to supply it, creating a formidable pipeline of future business.
How Far Out Can This Trajectory Really Go?
1 month ago
Last Updated: June. 23, 2026 at 9:32pm ET
Updated 2026년 6월 23일 오후 5:00 New York 시간
By
Alexander Osipovich
,
Updated 2026년 6월 23일 오후 5:00 New York 시간
By
Alexander Osipovich
,
1 month ago
ASML Holding N.V. (NASDAQ:ASML) is among the stocks with the best earnings growth for the next 3 years. On June 4, Barclays lifted the price target on ASML Holding N.V. (NASDAQ:ASML) to EUR 1,900 from EUR 1,575 and reaffirmed an Overweight rating. The **** yst believes that the company's demand continues to expand, saying that hiring data strengthens capacity, with the ramp-up already underway at key supplier Zeiss. Having said that, the firm's forecasts surpass consensus estimates for 2027 and 2028.
Didier Scemama, an **** yst at BofA, views the company's extreme ultraviolet lithography capacity to extend beyond 90 units by 2027. This is mainly because of lead time and **** embly efficiencies. While seeing China demand rebound in the next year, the **** yst boosted the price target on ASML Holding N.V. (NASDAQ:ASML) to EUR 1,921 from EUR 1,710 and reiterated a Buy rating on the same day.
electronics-6055226_1280
Although the company has downside potential based on the 1-year median price target, ASML Holding N.V. (NASDAQ:ASML) has continuously outperformed the benchmark over the last five years. This, along with its strong ROE (ttm) of 52.24%, makes ASML one of the stocks with the best earnings growth for the upcoming 3 years.
ASML Holding N.V. (NASDAQ:ASML) is a Netherlands-based lithography solutions provider for advanced semiconductor equipment systems. Founded in 1984, the giant's core offerings include lithography, metrology, and inspection systems.
Didier Scemama, an **** yst at BofA, views the company's extreme ultraviolet lithography capacity to extend beyond 90 units by 2027. This is mainly because of lead time and **** embly efficiencies. While seeing China demand rebound in the next year, the **** yst boosted the price target on ASML Holding N.V. (NASDAQ:ASML) to EUR 1,921 from EUR 1,710 and reiterated a Buy rating on the same day.
electronics-6055226_1280
Although the company has downside potential based on the 1-year median price target, ASML Holding N.V. (NASDAQ:ASML) has continuously outperformed the benchmark over the last five years. This, along with its strong ROE (ttm) of 52.24%, makes ASML one of the stocks with the best earnings growth for the upcoming 3 years.
ASML Holding N.V. (NASDAQ:ASML) is a Netherlands-based lithography solutions provider for advanced semiconductor equipment systems. Founded in 1984, the giant's core offerings include lithography, metrology, and inspection systems.
1 month ago
Fortinet Inc. (NASDAQ:FTNT) is one of the 12 Best Growth Stocks Trading in Oversold Territory. On May 12, Fortinet partnered with NVIDIA (NASDAQ:NVDA) to accelerate the FortiAIGate solution, providing high-performance, GPU-accelerated security for AI workloads. This integration protects data and autonomous agents in data centers and the cloud, allowing organizations to monitor AI usage and scale operations without compromising speed or governance.
The solution enables secure AI runtime by applying guardrails to large language models while maintaining low latency through NVIDIA's computing platforms. By supporting self-hosting and inline deployment, FortiAIGate ensures data sovereignty and compliance with local regulations, keeping sensitive information within specified borders.
Copyright: highwaystarz / 123RF Stock Photo
FortiAIGate implements zero-trust principles to prevent prompt injection and data leakage, while its multitenant architecture allows for efficient resource isolation. By using NVIDIA infrastructure, the platform delivers high-throughput security with a reduced hardware footprint, lowering operational costs and improving overall AI ROI.
Fortinet Inc. (NASDAQ:FTNT) provides cybersecurity and convergence of networking and security solutions worldwide.
The solution enables secure AI runtime by applying guardrails to large language models while maintaining low latency through NVIDIA's computing platforms. By supporting self-hosting and inline deployment, FortiAIGate ensures data sovereignty and compliance with local regulations, keeping sensitive information within specified borders.
Copyright: highwaystarz / 123RF Stock Photo
FortiAIGate implements zero-trust principles to prevent prompt injection and data leakage, while its multitenant architecture allows for efficient resource isolation. By using NVIDIA infrastructure, the platform delivers high-throughput security with a reduced hardware footprint, lowering operational costs and improving overall AI ROI.
Fortinet Inc. (NASDAQ:FTNT) provides cybersecurity and convergence of networking and security solutions worldwide.
1 month ago
Following a blockbuster debut on the exchanges at the end of last week, options on ******* eX (SPCX) shares will start trading today, if a Reuters report is to be believed. SPCX stock has rocketed close to 43% in just two full trading sessions, and with options on it soon going live, new avenues open up for the Elon Musk-led company's optimists and pessimists alike.
Along with that, risk management is another aspect that will become available for investors.
Unusual Put Options Activity in Lam Research Stock Highlights Its Value
Volatility Alert: 30 Stocks Showing a High IV Rank
Dell Stock Looks Cheap Here With Higher ******* yst Forecasts - Short Put Plays Are Attractive
Along with that, risk management is another aspect that will become available for investors.
Unusual Put Options Activity in Lam Research Stock Highlights Its Value
Volatility Alert: 30 Stocks Showing a High IV Rank
Dell Stock Looks Cheap Here With Higher ******* yst Forecasts - Short Put Plays Are Attractive
1 month ago
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the "Madison Large Cap Fund". A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500's -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw a shift in the equity market beyond the mega-cap technology stocks into physical economy stocks, influenced by fears of AI disruption. Additionally, rising commodity prices due to the Middle East conflict reignited inflation concerns, benefiting sectors such as Energy, Materials, Utilities, Staples, and Real Estate, which the Fund does not invest in, impacting its relative performance. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted PACCAR Inc (NASDAQ:PCAR). PACCAR Inc (NASDAQ:PCAR) is a leading technology and manufacturing company specializing in light, medium, and heavy-duty commercial trucks. On June 15, 2026, PACCAR Inc (NASDAQ:PCAR) closed at $120.69 per share. One-month return of PACCAR Inc (NASDAQ:PCAR) was 10.34%, and its shares gained 32.48% over the past 52 weeks. PACCAR Inc (NASDAQ:PCAR) has a market capitalization of $63.52 billion.
Madison Large Cap Fund stated the following regarding PACCAR Inc (NASDAQ:PCAR) in its Q1 2026 investor letter:
"The top five contributors for the quarter were Keysight Technologies, **** og Devices, Texas Instruments, Deere, and PACCAR Inc (NASDAQ:PCAR). Deere and PACCAR were also strong contributors in the quarter. While end market conditions remain subdued in agriculture equipment and commercial trucking, it appears that the worst of the recent downcycle is likely behind us. Furthermore, Deere and PACCAR stocks also benefited from investors favoring the "HALO trade" during the quarter. As a result, we modestly trimmed our holdings in both companies when valuations, in our view, began to incorporate a recovery in profits."
PACCAR Inc (NASDAQ:PCAR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held PACCAR Inc (NASDAQ:PCAR) at the end of the first quarter, up from 33 in the previous quarter. In Q1 2026, PACCAR Inc (NASDAQ:PCAR) achieved revenues of $6.8 billion and net income of $605 million. While we acknowledge the potential of PACCAR Inc (NASDAQ:PCAR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted PACCAR Inc (NASDAQ:PCAR). PACCAR Inc (NASDAQ:PCAR) is a leading technology and manufacturing company specializing in light, medium, and heavy-duty commercial trucks. On June 15, 2026, PACCAR Inc (NASDAQ:PCAR) closed at $120.69 per share. One-month return of PACCAR Inc (NASDAQ:PCAR) was 10.34%, and its shares gained 32.48% over the past 52 weeks. PACCAR Inc (NASDAQ:PCAR) has a market capitalization of $63.52 billion.
Madison Large Cap Fund stated the following regarding PACCAR Inc (NASDAQ:PCAR) in its Q1 2026 investor letter:
"The top five contributors for the quarter were Keysight Technologies, **** og Devices, Texas Instruments, Deere, and PACCAR Inc (NASDAQ:PCAR). Deere and PACCAR were also strong contributors in the quarter. While end market conditions remain subdued in agriculture equipment and commercial trucking, it appears that the worst of the recent downcycle is likely behind us. Furthermore, Deere and PACCAR stocks also benefited from investors favoring the "HALO trade" during the quarter. As a result, we modestly trimmed our holdings in both companies when valuations, in our view, began to incorporate a recovery in profits."
PACCAR Inc (NASDAQ:PCAR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held PACCAR Inc (NASDAQ:PCAR) at the end of the first quarter, up from 33 in the previous quarter. In Q1 2026, PACCAR Inc (NASDAQ:PCAR) achieved revenues of $6.8 billion and net income of $605 million. While we acknowledge the potential of PACCAR Inc (NASDAQ:PCAR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
1 month ago
AMD's Data Center segment posted $5.8 billion in Q1 revenue, up 57% year over year, while free cash flow surged 253%.
Lisa Su projects over $20 in EPS and a $120 billion server CPU market by 2030, with AMD hitting its targets two years early.
AMD trades at a trailing P/E of 164 with a beta of 2.49, meaning any earnings miss risks a sharp drawdown at current valuations.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.
A trillion-dollar market cap used to be a club reserved for software empires and one graphics chip company that surprised the world. Advanced Micro Devices (NASDAQ:AMD) now sits at $834 billion, which puts the question right in front of every long-term holder.
Lisa Su projects over $20 in EPS and a $120 billion server CPU market by 2030, with AMD hitting its targets two years early.
AMD trades at a trailing P/E of 164 with a beta of 2.49, meaning any earnings miss risks a sharp drawdown at current valuations.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.
A trillion-dollar market cap used to be a club reserved for software empires and one graphics chip company that surprised the world. Advanced Micro Devices (NASDAQ:AMD) now sits at $834 billion, which puts the question right in front of every long-term holder.
2 months ago
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Gold (GC=F) August futures opened at $4,289.40 per troy ounce on Monday, up 1.2% from Friday's closing price of $4,238.80. Gold moved even higher in early trading, rising to $4,360.40 by 6:50 a.m. ET.
The most significant push toward peace in the Middle East occurred over the weekend, and gold prices have responded. The U.S. and Iran have agreed to a renewed ceasefire, opening the door to a 60-day period during which final negotiations will be held. An official agreement is expected to be signed on Friday, paving the way to reopening the Strait of Hormuz and resuming the flow of oil and natural gas around the globe.
The Fed meets this week for a policy-setting meeting where the vast majority of market observers expect it to keep rates unchanged. The ceasefire announcement by the president on Sunday has already driven oil prices (BZ=F) lower, even though resuming a normal flow of oil through the Strait of Hormuz would take months after an agreement is signed.
For now, the headwinds for higher gold prices have been subdued, at least somewhat.
Gold (GC=F) August futures opened at $4,289.40 per troy ounce on Monday, up 1.2% from Friday's closing price of $4,238.80. Gold moved even higher in early trading, rising to $4,360.40 by 6:50 a.m. ET.
The most significant push toward peace in the Middle East occurred over the weekend, and gold prices have responded. The U.S. and Iran have agreed to a renewed ceasefire, opening the door to a 60-day period during which final negotiations will be held. An official agreement is expected to be signed on Friday, paving the way to reopening the Strait of Hormuz and resuming the flow of oil and natural gas around the globe.
The Fed meets this week for a policy-setting meeting where the vast majority of market observers expect it to keep rates unchanged. The ceasefire announcement by the president on Sunday has already driven oil prices (BZ=F) lower, even though resuming a normal flow of oil through the Strait of Hormuz would take months after an agreement is signed.
For now, the headwinds for higher gold prices have been subdued, at least somewhat.
2 months ago
Investors step into the week after ***** eX's (SPCX) debut on Friday marked the largest public offering in history, with Elon Musk's company closing out the trading session valued at $2.1 trillion. Meanwhile, updates from the Middle East signaled hope that the US and Iran could be close to signing a deal that would reopen the Strait of Hormuz.
The S&P 500 (^GSPC) closed Friday up 0.5%, good for a marginally stronger return of 0.6% on the week. The Dow Jones Industrial Average (^DJI) ended the session up 0.7% for an identical gain on the week. In a similar fashion, the Nasdaq Composite (^IXIC) ended Friday up 0.3% for a five-day gain of 0.7%.
With the craze of the ***** eX IPO in the rearview mirror, all eyes turn to the Federal Reserve's meeting on Wednesday, where the FOMC is widely expected to hold rates steady. More interestingly, the meeting will be Kevin Warsh's first as chairman, with his post-decision press conference set to be a key read on the new regime.
Elsewhere, the calendar is relatively quiet for investors. Manufacturing production data on Monday will give investors a look at the physical side of the economy, following last week's monthly release of the Producer Price Index, which showed wholesale prices advanced at the fastest rate since November 2022.
In the corporate world, earnings from Accenture (ACN) on Thursday offer investors a vibe check on the state of the information technology sector.
The S&P 500 (^GSPC) closed Friday up 0.5%, good for a marginally stronger return of 0.6% on the week. The Dow Jones Industrial Average (^DJI) ended the session up 0.7% for an identical gain on the week. In a similar fashion, the Nasdaq Composite (^IXIC) ended Friday up 0.3% for a five-day gain of 0.7%.
With the craze of the ***** eX IPO in the rearview mirror, all eyes turn to the Federal Reserve's meeting on Wednesday, where the FOMC is widely expected to hold rates steady. More interestingly, the meeting will be Kevin Warsh's first as chairman, with his post-decision press conference set to be a key read on the new regime.
Elsewhere, the calendar is relatively quiet for investors. Manufacturing production data on Monday will give investors a look at the physical side of the economy, following last week's monthly release of the Producer Price Index, which showed wholesale prices advanced at the fastest rate since November 2022.
In the corporate world, earnings from Accenture (ACN) on Thursday offer investors a vibe check on the state of the information technology sector.
