3 days ago
For the better part of the last four years, it's been all systems go for the stock market. Since the 2022 bear market bottomed, the Dow Jones Industrial Average (DJINDICES:^DJI) has rallied 84%, while the S&P 500 (SNPINDEX:^GSPC) and growth-focused Nasdaq Composite (NASDAQINDEX:^IXIC) have more than doubled.
The artificial intelligence (AI) infrastructure build-out has been the stock market's unmistakable catalyst. The otherworldly amount of capital being spent on data center infrastructure is almost single-handedly propelling equities higher.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
#years #Stock
The artificial intelligence (AI) infrastructure build-out has been the stock market's unmistakable catalyst. The otherworldly amount of capital being spent on data center infrastructure is almost single-handedly propelling equities higher.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
#years #Stock
21 days ago
Bezos told Fox News he would "usually" advise retirees to buy the S&P 500 rather than individual AI stocks, leaving room for exceptions.
The S&P 500 already provides AI exposure, with NVDA, MSFT, and GOOGL making up roughly 19% of the index.
BlackRock warns the S&P 500 alone isn't enough for retirement, recommending an income-focused strategy instead.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and Amazon didn't make the cut. Enter your email to see the names that beat AMZN. The report is free. Enter your email and see if any of your stocks made the cut.
Jeff Bezos, who founded Amazon (NASDAQ:AMZN), was asked in a Fox News interview who gets hurt when the AI bubble pops. He named the "speculators". He said they can lose money because they are investing in all of these things, but the innovations do not disappear.
#bezos #named #email #nvda
The S&P 500 already provides AI exposure, with NVDA, MSFT, and GOOGL making up roughly 19% of the index.
BlackRock warns the S&P 500 alone isn't enough for retirement, recommending an income-focused strategy instead.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and Amazon didn't make the cut. Enter your email to see the names that beat AMZN. The report is free. Enter your email and see if any of your stocks made the cut.
Jeff Bezos, who founded Amazon (NASDAQ:AMZN), was asked in a Fox News interview who gets hurt when the AI bubble pops. He named the "speculators". He said they can lose money because they are investing in all of these things, but the innovations do not disappear.
#bezos #named #email #nvda
23 days ago
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Gen X has spent decades getting squeezed between bigger generations. Now, one 38-year-old says the group may have one final trick up its sleeve — disappearing.
Realtor Freddie Smith, 38, laid out his prediction in a TikTok about why he rarely talks about Gen X. His argument is pretty simple. Gen X is independent, uninterested in the culture-war noise and focused on one thing — making it to retirement.
"They are the most independent group of people that we will ever meet," Smith said in the TikTok. "They raise themselves. They've been independent their whole life."
Don't Miss:
#independent
Gen X has spent decades getting squeezed between bigger generations. Now, one 38-year-old says the group may have one final trick up its sleeve — disappearing.
Realtor Freddie Smith, 38, laid out his prediction in a TikTok about why he rarely talks about Gen X. His argument is pretty simple. Gen X is independent, uninterested in the culture-war noise and focused on one thing — making it to retirement.
"They are the most independent group of people that we will ever meet," Smith said in the TikTok. "They raise themselves. They've been independent their whole life."
Don't Miss:
#independent
1 month ago
SK Hynix is exploring something it has never done before: manufacturing memory chips in the United States.
Reuters reported on September 16 that the Korean memory giant is discussing several possibilities with Intel Corporation (NASDAQ:INTC), including leasing part of Intel's long-delayed Ohio complex or forming a venture involving Intel and large cloud customers. SK Hynix said no specific plan has been finalized.
For Micron Technology, Inc. (NASDAQ:MU), the talks matter because one of its strongest strategic advantages is being the major U.S.-based memory producer while AI has made DRAM and HBM increasingly scarce.
Intel has committed enormous capital to Ohio, with the broader project potentially reaching around $100 billion over time. Delays have pushed planned production into the next decade. A tenant or joint-venture partner could therefore help Intel share the financial burden of developing the Ohio site rather than relying entirely on its own foundry demand to justify the buildout.
That is the bull case. The bear case is that exploratory talks are a long way from revenue. Bringing advanced Korean memory production to the U.S. could face cost problems, technology-transfer restrictions and objections from Seoul. Intel still needs its core manufacturing roadmap to work.
#long
Reuters reported on September 16 that the Korean memory giant is discussing several possibilities with Intel Corporation (NASDAQ:INTC), including leasing part of Intel's long-delayed Ohio complex or forming a venture involving Intel and large cloud customers. SK Hynix said no specific plan has been finalized.
For Micron Technology, Inc. (NASDAQ:MU), the talks matter because one of its strongest strategic advantages is being the major U.S.-based memory producer while AI has made DRAM and HBM increasingly scarce.
Intel has committed enormous capital to Ohio, with the broader project potentially reaching around $100 billion over time. Delays have pushed planned production into the next decade. A tenant or joint-venture partner could therefore help Intel share the financial burden of developing the Ohio site rather than relying entirely on its own foundry demand to justify the buildout.
That is the bull case. The bear case is that exploratory talks are a long way from revenue. Bringing advanced Korean memory production to the U.S. could face cost problems, technology-transfer restrictions and objections from Seoul. Intel still needs its core manufacturing roadmap to work.
#long
1 month ago
On September 9, 2026, Reuters reported that Amazon.com, Inc. (NASDAQ:AMZN) raised £4.25 billion, or about $5.76 billion, in its first-ever sterling bond sale, slightly more than initially expected, as part of a four-tranche deal spanning 3 to 19 years. Final investor demand came in at more than £10.65 billion, roughly 2.5 times the amount raised, but that was notably lower than the demand Alphabet saw for its own sterling debut in February, a sign ******* ysts said shows hyperscaler borrowing may be starting to test the limits of investor appetite.
Amazon.com, Inc. (NASDAQ:AMZN)'s first sterling bond sale shows that investors still have a strong appetite for its debt. The firm raised $5.8 billion through the offering, and demand reached roughly 2.5 times the amount available. The sterling market also has relatively limited supply of large technology-company debt. It could back up demand for future Amazon issuance in the currency. Strong demand gives Amazon another funding channel as it finances its large-scale AI and cloud infrastructure investments.
Amazon can put the proceeds toward AWS, its fastest-growing major business. AWS revenue increased 36.7% year over year in the second quarter. It marks its fastest growth rate in 18 quarters as demand for AI infrastructure accelerated. Funding more data centers, computing capacity and related infrastructure could allow Amazon to capture more of that demand. If AWS sustains its growth while making strong operating profits, the additional debt could support investments in one of Amazon's most important long-term earnings drivers.
The sterling offering diversifies Amazon's funding base as its capital requirements grow. Amazon issued four tranches with maturities ranging from three to 19 years. It gives the business access to UK investors while adding sterling financing alongside its existing dollar, euro, Swiss franc and yen debt. This overall investor base gives Amazon greater flexibility to raise capital across different markets and currencies. So diversification could become more valuable as Amazon funds an unprecedented AI infrastructure buildout without relying entirely on one debt market.
Amazon.com, Inc. (NASDAQ:AMZN)'s weaker reception compared with Alphabet signals that investors may demand higher borrowing costs from hyperscalers. Amazon's sterling offering attracted about 2.5 times coverage, below Alphabet's roughly 3.5 times coverage for its recent euro bond sale. The difference shows that demand for hyperscaler debt is not unlimited. If investor appetite continues to weaken, Amazon could face higher yields on future borrowing, increasing the cost of financing its AI infrastructure expansion.
#sterling #infrastructure #NASDAQ #amzn
Amazon.com, Inc. (NASDAQ:AMZN)'s first sterling bond sale shows that investors still have a strong appetite for its debt. The firm raised $5.8 billion through the offering, and demand reached roughly 2.5 times the amount available. The sterling market also has relatively limited supply of large technology-company debt. It could back up demand for future Amazon issuance in the currency. Strong demand gives Amazon another funding channel as it finances its large-scale AI and cloud infrastructure investments.
Amazon can put the proceeds toward AWS, its fastest-growing major business. AWS revenue increased 36.7% year over year in the second quarter. It marks its fastest growth rate in 18 quarters as demand for AI infrastructure accelerated. Funding more data centers, computing capacity and related infrastructure could allow Amazon to capture more of that demand. If AWS sustains its growth while making strong operating profits, the additional debt could support investments in one of Amazon's most important long-term earnings drivers.
The sterling offering diversifies Amazon's funding base as its capital requirements grow. Amazon issued four tranches with maturities ranging from three to 19 years. It gives the business access to UK investors while adding sterling financing alongside its existing dollar, euro, Swiss franc and yen debt. This overall investor base gives Amazon greater flexibility to raise capital across different markets and currencies. So diversification could become more valuable as Amazon funds an unprecedented AI infrastructure buildout without relying entirely on one debt market.
Amazon.com, Inc. (NASDAQ:AMZN)'s weaker reception compared with Alphabet signals that investors may demand higher borrowing costs from hyperscalers. Amazon's sterling offering attracted about 2.5 times coverage, below Alphabet's roughly 3.5 times coverage for its recent euro bond sale. The difference shows that demand for hyperscaler debt is not unlimited. If investor appetite continues to weaken, Amazon could face higher yields on future borrowing, increasing the cost of financing its AI infrastructure expansion.
#sterling #infrastructure #NASDAQ #amzn
1 month ago
JPMorgan Chase (NYSE: JPM) is the largest bank in the U.S., by far. It's a financial giant with robust consumer and commercial segments, and it's reliable in driving growth under pressure. It also pays a growing dividend that yields 1.7% at the current price, and it's a fantastic value addition to any investor's diversified portfolio.
While it's likely to become the first bank stock with a $1 trillion valuation in the near future (it currently sports a $927.5 billion market capitalization), there are smaller digital banks that are likely to grow much faster in the next two years, and probably a lot longer. SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU) are two of them.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
SoFi is a young digital bank that's growing at the rate of a tech start-up, which makes sense, since it's a combination of both -- a classic fintech company.
What started as a loan cooperative for college students has expanded into a comprehensive financial app for anyone seeking an easy-to-use digital platform. It's attracting new members at a fast pace, and its strategy of bringing customers into the ecosystem and getting them to adopt more products is working.
#sofi #bank
While it's likely to become the first bank stock with a $1 trillion valuation in the near future (it currently sports a $927.5 billion market capitalization), there are smaller digital banks that are likely to grow much faster in the next two years, and probably a lot longer. SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU) are two of them.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
SoFi is a young digital bank that's growing at the rate of a tech start-up, which makes sense, since it's a combination of both -- a classic fintech company.
What started as a loan cooperative for college students has expanded into a comprehensive financial app for anyone seeking an easy-to-use digital platform. It's attracting new members at a fast pace, and its strategy of bringing customers into the ecosystem and getting them to adopt more products is working.
#sofi #bank
1 month ago
NextEra Energy, Inc. (NYSE:NEE) has outlined its growth targets for 2026 and beyond. This comes as the company advances plans to acquire Dominion Energy Inc (NYSE:D). It's a $67 billion all-stock transaction expected to close before the end of next year. If the merger is completed as expected, it would result in the largest US electricity producer.
NextEra's business is already growing, and Dominion is expected to increase the growth rate. The deal's promise is exciting, but its value to investors ultimately depends on NextEra securing regulatory approvals and successfully integrating Dominion ***** ets.
NextEra Energy, Inc. (NYSE:NEE) has reaffirmed its 2026 adjusted EPS guidance of $3.92 to $4.02 and said it was targeting the high end of that range. NextEra also said it expects adjusted EPS to grow at a compound annual rate of at least 8% through 2032 and is targeting the same growth rate through 2035, off the 2025 base.
NextEra also plans to continue rewarding its shareholders with higher dividends. The company expects its dividend per share to grow at a roughly 10% annual rate through 2026, off the 2024 base. It expects the dividend to grow 6% a year through 2028 from the 2026 base.
The EPS and dividend growth projections give investors a financial foundation for evaluating the Dominion deal. NextEra does not need Dominion simply to prevent a growth slowdown. Instead, it's looking to add another growth engine through the acquisition.
#dominion #rate
NextEra's business is already growing, and Dominion is expected to increase the growth rate. The deal's promise is exciting, but its value to investors ultimately depends on NextEra securing regulatory approvals and successfully integrating Dominion ***** ets.
NextEra Energy, Inc. (NYSE:NEE) has reaffirmed its 2026 adjusted EPS guidance of $3.92 to $4.02 and said it was targeting the high end of that range. NextEra also said it expects adjusted EPS to grow at a compound annual rate of at least 8% through 2032 and is targeting the same growth rate through 2035, off the 2025 base.
NextEra also plans to continue rewarding its shareholders with higher dividends. The company expects its dividend per share to grow at a roughly 10% annual rate through 2026, off the 2024 base. It expects the dividend to grow 6% a year through 2028 from the 2026 base.
The EPS and dividend growth projections give investors a financial foundation for evaluating the Dominion deal. NextEra does not need Dominion simply to prevent a growth slowdown. Instead, it's looking to add another growth engine through the acquisition.
#dominion #rate
1 month 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.
Visa and Mastercard ATM cash withdrawals spanning roughly 19 years are part of a class-action lawsuit settlement totaling $167.5 million.
The case, known as Burke v. Visa Inc., involves independent ATMs often found in convenience stores, gas stations, grocery stores, hotels, and bars — non-bank locations that often levy surcharges on cash withdrawals.
Here's who is eligible for a cash payment as part of the settlement.
Read more: Just received a settlement? 5 smart ways to use the money.
#advertiser
Visa and Mastercard ATM cash withdrawals spanning roughly 19 years are part of a class-action lawsuit settlement totaling $167.5 million.
The case, known as Burke v. Visa Inc., involves independent ATMs often found in convenience stores, gas stations, grocery stores, hotels, and bars — non-bank locations that often levy surcharges on cash withdrawals.
Here's who is eligible for a cash payment as part of the settlement.
Read more: Just received a settlement? 5 smart ways to use the money.
#advertiser
1 month ago
Comments from Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman calling for a more measured approach to frontier AI development contributed to a sharp selloff across neoclouds and data center stocks. Bernstein identified CoreWeave Inc. (NASDAQ:CRWV) as the most exposed name because of its rural footprint and focus on AI training. The concern represents a genuine structural argument. However, it marks the second time this year that the same group of stocks has faced concerns over the sustainability of AI demand. There is also an important tension within Bernstein's own note, which highlights CoreWeave's exposure while acknowledging that most of its backlog remains shielded by contracts.
Bernstein cautioned that a slowdown in AI training could weigh on data center developers. The warning followed Amodei's weekend comments urging the industry to deliberately slow the pace of frontier AI capability gains, along with similar remarks from Sam Altman. According to ****** yst Madison Rezaei, slower training activity would likely reduce demand for rural data center sites designed for latency-insensitive workloads. The ****** yst pointed out that rural and Tier 3 markets account for 70% of the industry's 488GW pipeline. CoreWeave was identified as the most exposed name in the firm's coverage. ****** yst Madison Rezaei remarked:
We estimate that 25% of their existing active U.S. power, with an additional ~74% of their contracted power, is situated in Tier 3 and Tier 4 markets.
However, there is a key counterpoint within Bernstein's own note:
The backlog is primarily comprised of take-or-pay contracts, so we do not anticipate a threat there but could see a pullback in demand for the contracted-not-yet-sold rural power if training development slows.
#training #analyst
Bernstein cautioned that a slowdown in AI training could weigh on data center developers. The warning followed Amodei's weekend comments urging the industry to deliberately slow the pace of frontier AI capability gains, along with similar remarks from Sam Altman. According to ****** yst Madison Rezaei, slower training activity would likely reduce demand for rural data center sites designed for latency-insensitive workloads. The ****** yst pointed out that rural and Tier 3 markets account for 70% of the industry's 488GW pipeline. CoreWeave was identified as the most exposed name in the firm's coverage. ****** yst Madison Rezaei remarked:
We estimate that 25% of their existing active U.S. power, with an additional ~74% of their contracted power, is situated in Tier 3 and Tier 4 markets.
However, there is a key counterpoint within Bernstein's own note:
The backlog is primarily comprised of take-or-pay contracts, so we do not anticipate a threat there but could see a pullback in demand for the contracted-not-yet-sold rural power if training development slows.
#training #analyst
1 month ago
Akron, Ohio-based FirstEnergy Corp. (FE) engages in the generation, distribution, and transmission of electricity in the United States. The company has a market cap of $26.5 billion and operates through Distribution, Integrated, and Stand-Alone Transmission segments, and owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power-generating facilities.
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." FE fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the regulated electric utilities industry.
Billionaire Charlie Munger, Who Died at 99, Skipped Insurance on His Mansion Since He Could Just Write a Check to Rebuild — 'All Intelligent People Do It My Way'
Nvidia CEO Jensen Huang Just Dropped Huge News for This Cybersecurity Stock
How to Play GME Stock as GameStop CEO Ryan Cohen Buys $20.3 Million in Shares
#operates
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." FE fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the regulated electric utilities industry.
Billionaire Charlie Munger, Who Died at 99, Skipped Insurance on His Mansion Since He Could Just Write a Check to Rebuild — 'All Intelligent People Do It My Way'
Nvidia CEO Jensen Huang Just Dropped Huge News for This Cybersecurity Stock
How to Play GME Stock as GameStop CEO Ryan Cohen Buys $20.3 Million in Shares
#operates
1 month ago
Soybeans are trading with contracts 4 to 5 cents lower. Futures posted Monday gains of 5 to 9 ¾ cents at the close. Fresh buying was noted, with open interest up 12,998 contracts. The cmdtyView national average Cash Bean price was up 7 3/4 cents at $12.44 1/4. Soymeal futures were up 40 cents to $3.40, with Soy Oil 35 to 56 points higher across the board. There no deliveries issued against September soybeans on the last trade day, with 6 for soybean meal and 10 deliveries against September bean oil.
Monday's Crop Progress report from NASS showed 44% of the US soybean crop dropping leaves as of Sunday. Harvest was listed at 6% complete, ahead of the 3% average pace. Condition ratings were steady at 58% gd/ex, with the Brugler500 index unchanged at 353.
Cattle Bulls Are Back in Business as Futures Prices Rise
Coffee Prices Rebound on Technical Short Covering
Coffee Prices Rise on Technical Short Covering
#prices #september #technical #soybeans
Monday's Crop Progress report from NASS showed 44% of the US soybean crop dropping leaves as of Sunday. Harvest was listed at 6% complete, ahead of the 3% average pace. Condition ratings were steady at 58% gd/ex, with the Brugler500 index unchanged at 353.
Cattle Bulls Are Back in Business as Futures Prices Rise
Coffee Prices Rebound on Technical Short Covering
Coffee Prices Rise on Technical Short Covering
#prices #september #technical #soybeans
1 month ago
Grant Faint/Getty Images
Investors expect that PE direct investments and co-investments will overtake traditional fund investing as the largest capital source within five years, according to a survey that exposes the shifting dynamics in LP-GP relations.
Investment bank Houlihan Lokey's LP Compass, its first survey of the combined co-investment and directs market, polled 56 of the market's most active buyers. Some 78% expect combined volumes to set a record in 2026, beating the $215 billion the bank estimates the market reached last year: a record $161 billion in directs and $54 billion in co-investment.
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#investment #capital #directs
Investors expect that PE direct investments and co-investments will overtake traditional fund investing as the largest capital source within five years, according to a survey that exposes the shifting dynamics in LP-GP relations.
Investment bank Houlihan Lokey's LP Compass, its first survey of the combined co-investment and directs market, polled 56 of the market's most active buyers. Some 78% expect combined volumes to set a record in 2026, beating the $215 billion the bank estimates the market reached last year: a record $161 billion in directs and $54 billion in co-investment.
Sign up for The Europe Pitch
Get our daily digest of private capital markets in the EMEA region.
#investment #capital #directs
1 month ago
An AI ****** istant that orders your groceries and renews subscriptions on its own might hit the market soon.
Visa (V) and Mastercard (MA) want to make sure that payment still runs through their networks when that happens.
This week, the two card giants said they are working with global fintech Ant International to build a shared way to identify and trust AI shopping agents.
For anyone holding the two stocks or considering them, this plan gives a hint on how both companies could grow in the future.
It also raises a fair question. If software does your spending, who makes sure it spends wisely?
#mastercard #subscriptions
Visa (V) and Mastercard (MA) want to make sure that payment still runs through their networks when that happens.
This week, the two card giants said they are working with global fintech Ant International to build a shared way to identify and trust AI shopping agents.
For anyone holding the two stocks or considering them, this plan gives a hint on how both companies could grow in the future.
It also raises a fair question. If software does your spending, who makes sure it spends wisely?
#mastercard #subscriptions
2 months 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.
With mortgage rates pushing 7%, the timing of a "rate sale" couldn't be better. Chase Home Loans is once again hosting a limited-time interest rate discount promotion.
The national lender launched its first weeks-only offer just over a year ago. Apparently, it's been enough of a success that Chase is bringing the rate sale back for its third encore.
The rate discount is available for three weeks only, from Monday, Sept. 14, through Sunday, Oct. 4. Chase Home Loans will offer homebuyers and homeowners discounted rates on all new mortgage purchase and refinance loans. The sale is available for both new and existing customers.
While offers vary by state, Chase says qualified buyers can receive up to 0.25% off their loan interest rate. For example, an offered rate of 6.75% could be cut to 6.50%. That would save a borrower over $23,800 in interest on a $400,000 loan with a fixed-interest 30-year term — and reduce the payment by more than $65 a month.
#offers #rates
With mortgage rates pushing 7%, the timing of a "rate sale" couldn't be better. Chase Home Loans is once again hosting a limited-time interest rate discount promotion.
The national lender launched its first weeks-only offer just over a year ago. Apparently, it's been enough of a success that Chase is bringing the rate sale back for its third encore.
The rate discount is available for three weeks only, from Monday, Sept. 14, through Sunday, Oct. 4. Chase Home Loans will offer homebuyers and homeowners discounted rates on all new mortgage purchase and refinance loans. The sale is available for both new and existing customers.
While offers vary by state, Chase says qualified buyers can receive up to 0.25% off their loan interest rate. For example, an offered rate of 6.75% could be cut to 6.50%. That would save a borrower over $23,800 in interest on a $400,000 loan with a fixed-interest 30-year term — and reduce the payment by more than $65 a month.
#offers #rates
2 months ago
Block, Inc. (NYSE:XYZ) is taking another step toward consolidating its digital **** et operations under a federal regulatory framework. On September 8, it filed an application with the Office of the Comptroller of the Currency (OCC) to charter Builders Bank & Trust, N.A.
If chartered, the Builders Bank & Trust could become an important part of Block's digital **** et custody infrastructure, giving the company a federally supervised framework for custody and related services involving bitcoin and stablecoins.
Builders Bank & Trust would be an uninsured national trust bank, meaning it would not accept deposits or make traditional loans. Instead, its focus would be on fiduciary and custody services, allowing Block to build specialized infrastructure for safeguarding digital **** ets.
The structure could be particularly valuable as Block, Inc. (NYSE:XYZ) seeks to expand its institutional customer base. A federally supervised custody operation could give larger financial institutions greater confidence in Block's ability to safeguard Bitcoin and other digital **** ets.
Stablecoins represent a potentially important opportunity for Block, particularly through its Cash App ecosystem. A regulated custody infrastructure could eventually support broader stablecoin-related products and payments if Block chooses to expand further in this area.
#Bitcoin
If chartered, the Builders Bank & Trust could become an important part of Block's digital **** et custody infrastructure, giving the company a federally supervised framework for custody and related services involving bitcoin and stablecoins.
Builders Bank & Trust would be an uninsured national trust bank, meaning it would not accept deposits or make traditional loans. Instead, its focus would be on fiduciary and custody services, allowing Block to build specialized infrastructure for safeguarding digital **** ets.
The structure could be particularly valuable as Block, Inc. (NYSE:XYZ) seeks to expand its institutional customer base. A federally supervised custody operation could give larger financial institutions greater confidence in Block's ability to safeguard Bitcoin and other digital **** ets.
Stablecoins represent a potentially important opportunity for Block, particularly through its Cash App ecosystem. A regulated custody infrastructure could eventually support broader stablecoin-related products and payments if Block chooses to expand further in this area.
#Bitcoin
2 months ago
But first, what's optoelectronics?
Computers speak in electrons. Fiber in fiber optic cable speaks photons. Connect the two and that's optoelectronics.
Lasers provide the light and modulators encode digital information to be transmitted:
Optoelectronics technology is efficient and solving a data transmission problem that's been an AI bottleneck recently.
Recent pullbacks in two great optoelectronics companies have provided potentially attractive opportunities. The first company is Ciena (CIEN), a $50 billion market capitalization firm that makes high-speed optical network equipment.
#optoelectronics #fiber #connect #speak
Computers speak in electrons. Fiber in fiber optic cable speaks photons. Connect the two and that's optoelectronics.
Lasers provide the light and modulators encode digital information to be transmitted:
Optoelectronics technology is efficient and solving a data transmission problem that's been an AI bottleneck recently.
Recent pullbacks in two great optoelectronics companies have provided potentially attractive opportunities. The first company is Ciena (CIEN), a $50 billion market capitalization firm that makes high-speed optical network equipment.
#optoelectronics #fiber #connect #speak
2 months ago
Major indexes climbed Friday afternoon, holding to early momentum as investors took in stride inflation data showing consumers continued to pay higher prices for goods and services in August. Among movers rounding off the holiday-shortened week, shipping and logistics provider Matson (MATX) broke out.
The Dow Jones Industrial Average rose 1.1%, or about 590 points, as the S&P 500 moved up 1.1%. Ten of the index's 11 sectors moved higher. The tech-heavy Nasdaq composite tacked on 1.2%, and the Russell 2000 small-cap index picked up 0.7%.
Stocks found some relief from a nearly 3% slide in West Texas Intermediate crude futures to just below $100 a barrel. The 10-year Treasury yield was steady at a 52-week high of 4.95%. Bitcoin rose to roughly $77,700.
Matson (MATX) broke out of a consolidation at a 230.74 pivot. The Hawaii-based company's fleet of vessels includes containerships and barges. Matson is on the IBD Ready List – a list of stocks that are or may become actionable soon.
Meanwhile, Best Buy (BBY) neared a buy point of 91.27 in a consolidation base. The stock was the biggest gainer on the list on Friday.
#matx #higher
The Dow Jones Industrial Average rose 1.1%, or about 590 points, as the S&P 500 moved up 1.1%. Ten of the index's 11 sectors moved higher. The tech-heavy Nasdaq composite tacked on 1.2%, and the Russell 2000 small-cap index picked up 0.7%.
Stocks found some relief from a nearly 3% slide in West Texas Intermediate crude futures to just below $100 a barrel. The 10-year Treasury yield was steady at a 52-week high of 4.95%. Bitcoin rose to roughly $77,700.
Matson (MATX) broke out of a consolidation at a 230.74 pivot. The Hawaii-based company's fleet of vessels includes containerships and barges. Matson is on the IBD Ready List – a list of stocks that are or may become actionable soon.
Meanwhile, Best Buy (BBY) neared a buy point of 91.27 in a consolidation base. The stock was the biggest gainer on the list on Friday.
#matx #higher
2 months ago
Broadcom (AVGO) targets $230B in AI revenue by fiscal 2028, with Q3 AI chip sales surging 221% YoY to $16.7B.
Hock Tan says custom XPUs outperform Nvidia (NVDA) GPUs at less than half the cost, making every hyperscaler a long-term Broadcom customer.
Broadcom converts 46% of revenue to free cash flow and has raised its dividend every year for 15 consecutive years.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Broadcom didn't make the cut. Enter your email to see the names that beat AVGO. The report is free. Enter your email and see if any of your stocks made the cut.
I keep hitting the buy ***** on on Broadcom (NASDAQ:AVGO) because Hock Tan has quietly built the toll road that Alphabet, Meta, OpenAI, and Anthropic must drive down to reach their AI ambitions. Every custom accelerator these frontier labs deploy sends a fresh check to San Jose, and the checks are getting larger every quarter.
#revenue #free #stocks
Hock Tan says custom XPUs outperform Nvidia (NVDA) GPUs at less than half the cost, making every hyperscaler a long-term Broadcom customer.
Broadcom converts 46% of revenue to free cash flow and has raised its dividend every year for 15 consecutive years.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Broadcom didn't make the cut. Enter your email to see the names that beat AVGO. The report is free. Enter your email and see if any of your stocks made the cut.
I keep hitting the buy ***** on on Broadcom (NASDAQ:AVGO) because Hock Tan has quietly built the toll road that Alphabet, Meta, OpenAI, and Anthropic must drive down to reach their AI ambitions. Every custom accelerator these frontier labs deploy sends a fresh check to San Jose, and the checks are getting larger every quarter.
#revenue #free #stocks
2 months ago
Biopharmaceutical leader Kiniksa Pharmaceuticals (KNSA) is approaching a new buy point in the wake of a strong quarterly sales report. That makes Kiniksa stock Thursday's pick for IBD 50 Growth Stocks To Watch from Investor's Business Daily.
Kiniksa develops and commercializes medicines for cardiovascular, autoimmune and autoinflammatory diseases. Its only drug, Arcalyst, treats recurrent pericarditis, a condition in which the sac protecting the heart, the pericardium, becomes inflamed. The risk of recurrence increases with each subsequent flare-up of pericarditis, according to the Arcalyst website.
The company expects to replace Arcalyst with a next-generation version, now called KPL-387, in 2028 or 2029.
While Arcalyst requires a weekly under-the-skin shot, KPL-387 is a monthly injection. KPL-387 sales are expected to start slow at $21.7 million in 2028, growing to $173.7 million, $486.3 million and $1.03 billion over the next three years.
During the second quarter, Arcalyst generated $243.6 million in sales, growing 55% year over year. That crushed estimates from FactSet that called for $227.7 million.
#next #biopharmaceutical
Kiniksa develops and commercializes medicines for cardiovascular, autoimmune and autoinflammatory diseases. Its only drug, Arcalyst, treats recurrent pericarditis, a condition in which the sac protecting the heart, the pericardium, becomes inflamed. The risk of recurrence increases with each subsequent flare-up of pericarditis, according to the Arcalyst website.
The company expects to replace Arcalyst with a next-generation version, now called KPL-387, in 2028 or 2029.
While Arcalyst requires a weekly under-the-skin shot, KPL-387 is a monthly injection. KPL-387 sales are expected to start slow at $21.7 million in 2028, growing to $173.7 million, $486.3 million and $1.03 billion over the next three years.
During the second quarter, Arcalyst generated $243.6 million in sales, growing 55% year over year. That crushed estimates from FactSet that called for $227.7 million.
#next #biopharmaceutical
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2 months ago
SpaceX must pull off rocket reusability if the company is to reach a stratospheric market valuation in the not-too-distant future.
"A successful investment case in ****** eX at the current $2 trillion enterprise value rests almost entirely on a single admittedly massive engineering bottleneck: Starship reusability (i.e. 20-50 flights per Starship with relatively inexpensive and quick refurbishment/redeployment)," Pivotal Research Group ****** yst Jeffrey Wlodarczak wrote in a note on Tuesday. "If Elon Musk can solve for this fundamental issue it potentially drives down the cost of launches to ****** e to the equivalent of terrestrial freight opening up an unarguably massive opportunity."
Wlodarczak initiated coverage of ****** eX with a Buy rating and $220 price target.
That massive opportunity, Wlodarczak said, includes Starlink taking a material share of the wireless industry and serving as a ****** e monopoly, with others having to pay ****** eX for entry.
"In the end, investors are debating xAI, Colossus, and Starlink take-rates," Wlodarczak added. "Those matter only after Starship works. Our $220 target is a call on reuse 20–50 flights per vehicle, cheap refurb, fast turnaround. If that is solved, the rest of the model can happen. If it is not, SPCX is a different and much smaller company."
#SpaceX
"A successful investment case in ****** eX at the current $2 trillion enterprise value rests almost entirely on a single admittedly massive engineering bottleneck: Starship reusability (i.e. 20-50 flights per Starship with relatively inexpensive and quick refurbishment/redeployment)," Pivotal Research Group ****** yst Jeffrey Wlodarczak wrote in a note on Tuesday. "If Elon Musk can solve for this fundamental issue it potentially drives down the cost of launches to ****** e to the equivalent of terrestrial freight opening up an unarguably massive opportunity."
Wlodarczak initiated coverage of ****** eX with a Buy rating and $220 price target.
That massive opportunity, Wlodarczak said, includes Starlink taking a material share of the wireless industry and serving as a ****** e monopoly, with others having to pay ****** eX for entry.
"In the end, investors are debating xAI, Colossus, and Starlink take-rates," Wlodarczak added. "Those matter only after Starship works. Our $220 target is a call on reuse 20–50 flights per vehicle, cheap refurb, fast turnaround. If that is solved, the rest of the model can happen. If it is not, SPCX is a different and much smaller company."
#SpaceX
2 months ago
CNBC reported that Okta, Inc. (NASDAQ:OKTA) shares surged as much as 29% after the identity security company beat fiscal second-quarter estimates.
Adjusted earnings per share came in at $1.05 versus $0.97 expected, and revenue rose 11% to $805 million versus $795 million expected. Net income totaled $116 million, up from $67 million a year earlier, and remaining performance obligations, a measure of backlog, climbed 17% to $4.86 billion, beating the $4.70 billion **** ysts anticipated. Okta made its "Okta for AI Agents" tool available to all customers during the quarter, with new products accounting for 30% of total bookings and "dozens" of AI-related deals closed, including a multi-million-dollar healthcare contract. The company raised full-year revenue guidance to $3.22 billion to $3.23 billion. CEO Todd McKinnon said, "As AI agents transform every layer of technology, every agent needs a trusted identity."
The beat was broad-based across current results and future visibility. Earnings, revenue, and backlog all topped estimates, with remaining performance obligations up 17% to $4.86 billion. It showed that both this quarter's performance and Okta, Inc. (NASDAQ:OKTA)'s forward revenue pipeline are strengthening together.
AI-driven demand is showing up in quantifiable deal activity and not just management commentary. New products made up 30% of total bookings, and the company closed dozens of AI-related deals. It includes a multi-million-dollar healthcare contract, concrete evidence that customers are actually paying for Okta's AI agent security tools rather than merely expressing interest.
Management raised guidance and reinforced its position with an acquisition, backing confidence with action. Okta lifted full-year revenue and earnings guidance while closing its purchase of threat-detection startup Permiso Security. It is extending its platform into identity threat detection specifically relevant to securing AI agents.
#okta #million #security #year
Adjusted earnings per share came in at $1.05 versus $0.97 expected, and revenue rose 11% to $805 million versus $795 million expected. Net income totaled $116 million, up from $67 million a year earlier, and remaining performance obligations, a measure of backlog, climbed 17% to $4.86 billion, beating the $4.70 billion **** ysts anticipated. Okta made its "Okta for AI Agents" tool available to all customers during the quarter, with new products accounting for 30% of total bookings and "dozens" of AI-related deals closed, including a multi-million-dollar healthcare contract. The company raised full-year revenue guidance to $3.22 billion to $3.23 billion. CEO Todd McKinnon said, "As AI agents transform every layer of technology, every agent needs a trusted identity."
The beat was broad-based across current results and future visibility. Earnings, revenue, and backlog all topped estimates, with remaining performance obligations up 17% to $4.86 billion. It showed that both this quarter's performance and Okta, Inc. (NASDAQ:OKTA)'s forward revenue pipeline are strengthening together.
AI-driven demand is showing up in quantifiable deal activity and not just management commentary. New products made up 30% of total bookings, and the company closed dozens of AI-related deals. It includes a multi-million-dollar healthcare contract, concrete evidence that customers are actually paying for Okta's AI agent security tools rather than merely expressing interest.
Management raised guidance and reinforced its position with an acquisition, backing confidence with action. Okta lifted full-year revenue and earnings guidance while closing its purchase of threat-detection startup Permiso Security. It is extending its platform into identity threat detection specifically relevant to securing AI agents.
#okta #million #security #year
2 months ago
The chief executive of Robinhood (HOOD) said on Bloomberg Television late last month that states suing to shut down prediction markets are protecting their own money. "States disagree for various reasons," Vlad Tenev said. "I mean, number one is there's a huge financial incentive from collecting taxes on these state-owned operators for that to be protected."
American Gaming ****** ociation figures put state and local tax collections from sports betting at $3.71 billion in calendar 2025, up 32.4% on the year, on $16.96 billion of sportsbook revenue and $166.94 billion of handle. New York, which taxes mobile sports betting at 51%, accounts for roughly a third of the national total on its own; the state's own court filing says mobile operators generated about $2 billion in gross gaming revenue in 2024 and paid more than $1 billion in state taxes. New York and Illinois together produce close to half of everything states collect on sports betting.
How to Play SNPS Stock as Layoffs Hit Synopsys
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#Stock
American Gaming ****** ociation figures put state and local tax collections from sports betting at $3.71 billion in calendar 2025, up 32.4% on the year, on $16.96 billion of sportsbook revenue and $166.94 billion of handle. New York, which taxes mobile sports betting at 51%, accounts for roughly a third of the national total on its own; the state's own court filing says mobile operators generated about $2 billion in gross gaming revenue in 2024 and paid more than $1 billion in state taxes. New York and Illinois together produce close to half of everything states collect on sports betting.
How to Play SNPS Stock as Layoffs Hit Synopsys
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#Stock
2 months ago
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Many Americans are feeling bearish about the economy, with May's Economic Confidence Index hitting the lowest level since 2022. While the numbers have rebounded slightly to -39 in August from -45 in May, consumer confidence remains low (1).
But some Americans are more optimistic than others, and Julio Gonzalez, founder of Engineered Tax Services, is one of them, writing in a Sept. 3 Fox News op-ed that "the pessimists are wrong, and the numbers prove it (2)."
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
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#wealth
Many Americans are feeling bearish about the economy, with May's Economic Confidence Index hitting the lowest level since 2022. While the numbers have rebounded slightly to -39 in August from -45 in May, consumer confidence remains low (1).
But some Americans are more optimistic than others, and Julio Gonzalez, founder of Engineered Tax Services, is one of them, writing in a Sept. 3 Fox News op-ed that "the pessimists are wrong, and the numbers prove it (2)."
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
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#wealth
2 months ago
Hewlett Packard Enterprise said on September 2 that Oracle may deploy its Juniper networking equipment across Oracle Cloud Infrastructure data centers under a multi-year collaboration. The potential footprint includes PTX and MX routing plus QFX and EX switching, along with support and financing. Hewlett Packard Enterprise Company (NYSE:HPE) also issued warrants to Oracle Corporation (NYSE:ORCL), making the arrangement strategically important without turning every possible deployment into booked revenue.
For HPE, the bull case is that AI clusters are becoming networking systems, not merely collections of GPUs. Training at enormous scale requires fast links inside a data center and between facilities. Juniper gives HPE credible routing and switching ******* ets, while Oracle supplies a demanding reference customer. Insider Monkey counted 85 hedge funds holding HPE at June 30, up from 58 at March 31. Elliott Management held 32,271,985 shares after increasing its disclosed position by 18% during the quarter.
The bear case is conversion. The release describes potential deployments and several product families but discloses neither guaranteed purchase volume nor revenue. Warrants can align the customer while diluting existing owners if exercised. HPE also must integrate Juniper, defend margins, and compete with entrenched networking vendors while customers bargain aggressively over large orders.
Oracle's advantage is supply-chain flexibility. Adding HPE gives OCI another route to build high-bandwidth infrastructure as AI demand strains capacity. Oracle can combine cloud contracts, database relationships, and financing to pull customers onto its infrastructure. Hedge-fund participation remained broad: 119 funds held Oracle Corporation (NYSE:ORCL) in Q2, up from 115 in Q1. Fisher ******* et Management reported 13,261,451 shares, 39% more than in the previous filing.
Oracle still carries the heavier capital burden. Data centers require chips, land, power, and debt-funded construction before contracted demand becomes cash. A networking partnership improves execution options but does not protect returns if utilization or pricing disappoints.
#oracle #Networking #NYSE #enterprise
For HPE, the bull case is that AI clusters are becoming networking systems, not merely collections of GPUs. Training at enormous scale requires fast links inside a data center and between facilities. Juniper gives HPE credible routing and switching ******* ets, while Oracle supplies a demanding reference customer. Insider Monkey counted 85 hedge funds holding HPE at June 30, up from 58 at March 31. Elliott Management held 32,271,985 shares after increasing its disclosed position by 18% during the quarter.
The bear case is conversion. The release describes potential deployments and several product families but discloses neither guaranteed purchase volume nor revenue. Warrants can align the customer while diluting existing owners if exercised. HPE also must integrate Juniper, defend margins, and compete with entrenched networking vendors while customers bargain aggressively over large orders.
Oracle's advantage is supply-chain flexibility. Adding HPE gives OCI another route to build high-bandwidth infrastructure as AI demand strains capacity. Oracle can combine cloud contracts, database relationships, and financing to pull customers onto its infrastructure. Hedge-fund participation remained broad: 119 funds held Oracle Corporation (NYSE:ORCL) in Q2, up from 115 in Q1. Fisher ******* et Management reported 13,261,451 shares, 39% more than in the previous filing.
Oracle still carries the heavier capital burden. Data centers require chips, land, power, and debt-funded construction before contracted demand becomes cash. A networking partnership improves execution options but does not protect returns if utilization or pricing disappoints.
#oracle #Networking #NYSE #enterprise
2 months ago
SpaceX (SPCX) has just delivered a fresh shock to Howmet Aerospace (HWM), putting one of the company's most closely watched growth opportunities under the spotlight. Shares of Howmet plunged 7.5% after CEO Elon Musk revealed that ******* eX plans to bring the casting of natural-gas turbine blades and vanes in-house, arguing that the move could accelerate the deployment of new turbines by as much as 18 months.
The announcement is particularly significant because Howmet has built a powerful position in the highly specialized turbine-blade market. The company reportedly holds more than 50% of the global market for industrial gas-turbine blades, while its gas-turbine revenue surged 38% in the latest quarter. The business has benefited from a surge in demand as artificial intelligence (AI) data centers require enormous amounts of electricity and utilities race to expand power-generation capacity.
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#blades #spcx #shares
The announcement is particularly significant because Howmet has built a powerful position in the highly specialized turbine-blade market. The company reportedly holds more than 50% of the global market for industrial gas-turbine blades, while its gas-turbine revenue surged 38% in the latest quarter. The business has benefited from a surge in demand as artificial intelligence (AI) data centers require enormous amounts of electricity and utilities race to expand power-generation capacity.
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#blades #spcx #shares
2 months ago
AMC Entertainment (NYSE: AMC) is an interesting stock. For a while, in 2021, it was a "meme stock," often in the news and surging more than 1,100% that year to more than $600 per share. The next years were different, with shares crashing 85%, 85%, 35%, and 61% in 2022, 2023, 2024, and 2025, respectively. Altogether, that's more than a 99% decline. Ouch!
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So far, 2026 has been quite different, with shares up about 63% (as of Sept. 4). Still, they were recently trading for $2.67 apiece. In other words, AMC Entertainment's shares are firmly in penny-stock territory. Should you buy shares now, while they're below $3? Maybe.
Penny stocks are notoriously volatile and risky, often tied to young, unproven companies, and occasionally hyped online. They're generally to be avoided. But AMC Entertainment, while definitely not a no-brainer, blue chip stock, is not a typical penny stock. Its market value was recently $2.4 billion, for example. Its last earnings report, for its second quarter, featured revenue of $1.6 billion, up 14% year over year.
So -- should you buy into AMC Entertainment? Here are some reasons you might:
#shares #signal
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So far, 2026 has been quite different, with shares up about 63% (as of Sept. 4). Still, they were recently trading for $2.67 apiece. In other words, AMC Entertainment's shares are firmly in penny-stock territory. Should you buy shares now, while they're below $3? Maybe.
Penny stocks are notoriously volatile and risky, often tied to young, unproven companies, and occasionally hyped online. They're generally to be avoided. But AMC Entertainment, while definitely not a no-brainer, blue chip stock, is not a typical penny stock. Its market value was recently $2.4 billion, for example. Its last earnings report, for its second quarter, featured revenue of $1.6 billion, up 14% year over year.
So -- should you buy into AMC Entertainment? Here are some reasons you might:
#shares #signal
2 months ago
On August 4, Archrock (NYSE:AROC) posted second-quarter results that told two different stories at once. Revenue slipped to $371.2 million from $383.2 million a year earlier, yet net income climbed to $66.7 million, and earnings per share rose to $0.38. That gap between a shrinking top line and a growing bottom line is the puzzle this quarter leaves investors to sort out.
The clearest bull signal came from a new long-term agreement with an existing strategic customer covering roughly 665,000 horsepower, structured with an eight-year base term and a two-year extension option. That kind of commitment locks in cash flow well into the next decade and reinforces management's multi-year growth capital expenditure guidance of $1.4 billion to $1.6 billion **** ulatively from 2027 through 2030. The core contract operations segment backed that confidence with real numbers. Revenue there rose 3% to $329.3 million, and adjusted gross margin improved to 71% from 70%, with period-end utilization at 94.4%.
The balance sheet also moved in the right direction. Archrock's leverage ratio fell to 2.6x as of June 30, down from 3.3x a year earlier, even after the company redeemed its entire $800 million of 6.250% senior notes due 2028 on April 1. The board kept rewarding shareholders through it all, declaring a quarterly dividend of $0.23 per share, about 10% higher than a year ago, marking the fifth increase in two years, with coverage still comfortable at 3.1x.
The softer parts of this quarter center on aftermarket services and forward guidance. That segment's revenue fell to $42.0 million from $64.8 million, as last year's non-recurring sales of overhauled engines did not repeat and maintenance demand skipped its usual mid-year seasonal **** p. Total operating horsepower also declined to 4.5 million from 4.7 million, partly from the sale of about 165,000 non-strategic units.
On the guidance front, Archrock tightened its full-year adjusted EBITDA range to $865 million to $885 million, down from a prior range of $865 million to $915 million, pointing to lube oil cost pressure, higher make-ready spending to reactivate idle equipment, and increased SG&A tied to stock-based incentive compensation. Adjusted net income actually dipped to $66.5 million and adjusted EPS to $0.38, both slightly below last year's $68.4 million and $0.39. Long-term debt still sits at $2.3 billion, and Archrock did not repurchase any shares during the quarter, leaving $113.2 million of buyback capacity untouched.
#million
The clearest bull signal came from a new long-term agreement with an existing strategic customer covering roughly 665,000 horsepower, structured with an eight-year base term and a two-year extension option. That kind of commitment locks in cash flow well into the next decade and reinforces management's multi-year growth capital expenditure guidance of $1.4 billion to $1.6 billion **** ulatively from 2027 through 2030. The core contract operations segment backed that confidence with real numbers. Revenue there rose 3% to $329.3 million, and adjusted gross margin improved to 71% from 70%, with period-end utilization at 94.4%.
The balance sheet also moved in the right direction. Archrock's leverage ratio fell to 2.6x as of June 30, down from 3.3x a year earlier, even after the company redeemed its entire $800 million of 6.250% senior notes due 2028 on April 1. The board kept rewarding shareholders through it all, declaring a quarterly dividend of $0.23 per share, about 10% higher than a year ago, marking the fifth increase in two years, with coverage still comfortable at 3.1x.
The softer parts of this quarter center on aftermarket services and forward guidance. That segment's revenue fell to $42.0 million from $64.8 million, as last year's non-recurring sales of overhauled engines did not repeat and maintenance demand skipped its usual mid-year seasonal **** p. Total operating horsepower also declined to 4.5 million from 4.7 million, partly from the sale of about 165,000 non-strategic units.
On the guidance front, Archrock tightened its full-year adjusted EBITDA range to $865 million to $885 million, down from a prior range of $865 million to $915 million, pointing to lube oil cost pressure, higher make-ready spending to reactivate idle equipment, and increased SG&A tied to stock-based incentive compensation. Adjusted net income actually dipped to $66.5 million and adjusted EPS to $0.38, both slightly below last year's $68.4 million and $0.39. Long-term debt still sits at $2.3 billion, and Archrock did not repurchase any shares during the quarter, leaving $113.2 million of buyback capacity untouched.
#million
2 months ago
Download the Complete Report Here
Key Takeaways:
Record 2Q EPS of $1.06 versus $0.22 y/y, as stronger crush economics and 45Z drove gross profit to $53.3 million and gross margin to 31.6%, up ~2,260 bps.
45Z income increased to $18.4 million from $7.5 million sequentially, lifting first-half credits to $26.0 million and strengthening gross profit.
One Earth remains on track for year-end 2026 construction completion and a phased ramp toward 175 million gallons, with approximately 200 million gallons targeted around early to mid 2027.
#million
Key Takeaways:
Record 2Q EPS of $1.06 versus $0.22 y/y, as stronger crush economics and 45Z drove gross profit to $53.3 million and gross margin to 31.6%, up ~2,260 bps.
45Z income increased to $18.4 million from $7.5 million sequentially, lifting first-half credits to $26.0 million and strengthening gross profit.
One Earth remains on track for year-end 2026 construction completion and a phased ramp toward 175 million gallons, with approximately 200 million gallons targeted around early to mid 2027.
#million
