8 hours ago
WASHINGTON (AP) — The Trump administration is preparing to ramp up funding by hundreds of millions of dollars for programs designed to counter China's growing influence around the world, after it had put a halt to many of those initiatives last year during a flurry of budget and personnel cuts.
The administration notified Congress late last week that it intends to spend $175.8 million to replace outdated and aging undersea telecommunications cables in the Caribbean and Central America to prevent China from moving in. The ******* ociated Press obtained a copy of the notification on Monday.
The administration has expressed deep concern about China's activities in the Americas, pushing back on Chinese ownership of ports at either end of the Panama Canal, infrastructure projects funded by China's Belt and Road initiative in the region, and Chinese investment in the telecommunications sector.
A State Department official said China's economic activities in the Western Hemisphere pose risks to U.S. national security and prosperity. The official, who was not authorized to speak publicly to the subject and spoke on condition of anonymity, said China's offerings may seem cheaper but in the end wind up being more expensive due to cost overruns, hidden maintenance fees and poor performance.
The underseas cable funding appears to be part of a broader push to restore support for initiatives aimed at blunting Chinese influence globally that would cost many hundreds of millions of dollars more. That is even as President Donald Trump and Chinese leader Xi Jinping put on a show of cooperation and Xi prepares to visit the U.S. this fall.
#administration #millions
The administration notified Congress late last week that it intends to spend $175.8 million to replace outdated and aging undersea telecommunications cables in the Caribbean and Central America to prevent China from moving in. The ******* ociated Press obtained a copy of the notification on Monday.
The administration has expressed deep concern about China's activities in the Americas, pushing back on Chinese ownership of ports at either end of the Panama Canal, infrastructure projects funded by China's Belt and Road initiative in the region, and Chinese investment in the telecommunications sector.
A State Department official said China's economic activities in the Western Hemisphere pose risks to U.S. national security and prosperity. The official, who was not authorized to speak publicly to the subject and spoke on condition of anonymity, said China's offerings may seem cheaper but in the end wind up being more expensive due to cost overruns, hidden maintenance fees and poor performance.
The underseas cable funding appears to be part of a broader push to restore support for initiatives aimed at blunting Chinese influence globally that would cost many hundreds of millions of dollars more. That is even as President Donald Trump and Chinese leader Xi Jinping put on a show of cooperation and Xi prepares to visit the U.S. this fall.
#administration #millions
8 hours ago
As of 11:38 AM ET, the Dow Jones Industrial Average (DJINDICES:^DJI) is up 0.13% to 52,017.19, while the S&P 500 (SNPINDEX:^GSPC) is down 0.33% to 7,387.76, and the Nasdaq Composite (NASDAQINDEX:^IXIC) has slipped 0.44% to 24,840.43 as tech pressure offsets optimism from cooling geopolitical tensions.
Gold is up 0.45% to $4,074.30, and the 10-Year Treasury yield is down 0.03% to 4.65%. Communications and consumer defensive stocks are this morning's top-performing sectors while technology and energy sectors are in the red.
RTX Corp climbed 2.61% to $218.28 on strong Q2 earnings. SAP surged 7.4% to $171.79, extending last week's gains after the software company beat earnings expectations. Conversely, Nvidia is trading lower amid concerns about Chinese competition. Reddit is up 6.7% to 171.79 on optimism about its upcoming earnings.
Oil prices fell this morning on news of a pause in strikes between the U.S. and Iran. WTI crude oil fell almost 7% to $83.15 a barrel, boosting market sentiment and lifting the Dow slightly. However, investors are braced for further volatility and will be watching the Federal Reserve meeting this week. The Fed is widely expected to leave rates unchanged in July, but inflationary pressures caused by ongoing tensions in the Middle East and high spending by tech companies could prompt it to raise rates before the end of the year.
On the other side, renewed artificial intelligence (AI) valuation concerns weighed on markets. This week will bring earnings from Microsoft, Meta Platforms, Apple, and Amazon, and investors will be paying close attention to capital expenditure plans. The high concentration in the Nasdaq and the S&P 500 means any drop in their share prices will have an outsized impact on these major indexes.
#earnings
Gold is up 0.45% to $4,074.30, and the 10-Year Treasury yield is down 0.03% to 4.65%. Communications and consumer defensive stocks are this morning's top-performing sectors while technology and energy sectors are in the red.
RTX Corp climbed 2.61% to $218.28 on strong Q2 earnings. SAP surged 7.4% to $171.79, extending last week's gains after the software company beat earnings expectations. Conversely, Nvidia is trading lower amid concerns about Chinese competition. Reddit is up 6.7% to 171.79 on optimism about its upcoming earnings.
Oil prices fell this morning on news of a pause in strikes between the U.S. and Iran. WTI crude oil fell almost 7% to $83.15 a barrel, boosting market sentiment and lifting the Dow slightly. However, investors are braced for further volatility and will be watching the Federal Reserve meeting this week. The Fed is widely expected to leave rates unchanged in July, but inflationary pressures caused by ongoing tensions in the Middle East and high spending by tech companies could prompt it to raise rates before the end of the year.
On the other side, renewed artificial intelligence (AI) valuation concerns weighed on markets. This week will bring earnings from Microsoft, Meta Platforms, Apple, and Amazon, and investors will be paying close attention to capital expenditure plans. The high concentration in the Nasdaq and the S&P 500 means any drop in their share prices will have an outsized impact on these major indexes.
#earnings
9 hours ago
Prime Video and Rogers Communications announced a 12-year sublicensing agreement on Tuesday that will see the streamer become the new home of Wednesday night regular-season national NHL games in Canada.
Per the announcement, Prime Video will exclusively broadcast Wednesday night national NHL games in English and French, starting with the 2026-2027 season. The deal includes at least 26 national regular-season NHL games, beginning on Wednesday, September 30.
Amazon's streaming arm will also have exclusive rights to select Stanley Cup Playoff series in Canada, including two First Round playoff series and one Second Round series each season.
Rogers, which operates Sportsnet, has an $11 billion media rights deal with the NHL through the 2037-38 season.
"Our partnership with Prime Video builds on the strong foundation we have established together and reinforces NHL hockey as the most valuable sports content in Canada," said Tony Staffieri, President and CEO, Rogers, in a statement. "As Canada's home of hockey, Rogers is committed to connecting more fans to more NHL hockey and delivering more national games with fewer blackouts on Sportsnet, Canada's #1 sports media brand."
#prime #wednesday #games
Per the announcement, Prime Video will exclusively broadcast Wednesday night national NHL games in English and French, starting with the 2026-2027 season. The deal includes at least 26 national regular-season NHL games, beginning on Wednesday, September 30.
Amazon's streaming arm will also have exclusive rights to select Stanley Cup Playoff series in Canada, including two First Round playoff series and one Second Round series each season.
Rogers, which operates Sportsnet, has an $11 billion media rights deal with the NHL through the 2037-38 season.
"Our partnership with Prime Video builds on the strong foundation we have established together and reinforces NHL hockey as the most valuable sports content in Canada," said Tony Staffieri, President and CEO, Rogers, in a statement. "As Canada's home of hockey, Rogers is committed to connecting more fans to more NHL hockey and delivering more national games with fewer blackouts on Sportsnet, Canada's #1 sports media brand."
#prime #wednesday #games
14 hours ago
TORONTO (AP) — Amazon's Prime Video will exclusively broadcast Wednesday night national NHL regular-season games in Canada in English and French beginning next season as part of a new 12-year licensing agreement with Rogers Communications Inc. announced Tuesday.
The streaming service will also carry select Stanley Cup playoff series, including two first-round series and one second-round matchup annually.
The agreement spans the length of Rogers' $11 billion, 12-year deal with the NHL for national media rights on all platforms in Canada through the 2037-38 season. Terms were not disclosed.
"We're thrilled to expand our partnership with the NHL and Rogers in this landmark agreement, which brings even more premium live sports to Prime members in Canada," said Jay Marine, head of global sports at Prime Video.
Prime Video's lineup will include at least 26 national regular-season games, starting Sept. 30, and will be available to Prime subscribers in Canada at no additional cost; Rogers-owned Sportsnet retains the majority of national NHL games. A Rogers spokesperson said the playoff allocation will follow a draft format: Prime Video will receive the fourth and fifth selections among the eight first-round series and the third choice among the four second-round matchups.
#national #regular
The streaming service will also carry select Stanley Cup playoff series, including two first-round series and one second-round matchup annually.
The agreement spans the length of Rogers' $11 billion, 12-year deal with the NHL for national media rights on all platforms in Canada through the 2037-38 season. Terms were not disclosed.
"We're thrilled to expand our partnership with the NHL and Rogers in this landmark agreement, which brings even more premium live sports to Prime members in Canada," said Jay Marine, head of global sports at Prime Video.
Prime Video's lineup will include at least 26 national regular-season games, starting Sept. 30, and will be available to Prime subscribers in Canada at no additional cost; Rogers-owned Sportsnet retains the majority of national NHL games. A Rogers spokesperson said the playoff allocation will follow a draft format: Prime Video will receive the fourth and fifth selections among the eight first-round series and the third choice among the four second-round matchups.
#national #regular
1 day ago
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Oh, the spoils of war.
The House of Representatives narrowly passed a record $1.15 trillion annual defense budget last week. It still needs Senate approval, but Washington's appetite for military spending is clear, and the US isn't alone. The EU, **** an and Middle Eastern nations have all been ramping up defense budgets, too, creating real sector opportunities for portfolios. Capturing them, however, takes more than pure defense-category investing: It requires knowing where the money actually flows.
"The defense ecosystem is actually much larger than most investors think," said Chris Grisanti, chief market strategist at MAI Capital Management. "It can include industrial companies like autos — GM has a big defense business — and of course technology and communications companies."
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
#defense #sign #upside #House
Oh, the spoils of war.
The House of Representatives narrowly passed a record $1.15 trillion annual defense budget last week. It still needs Senate approval, but Washington's appetite for military spending is clear, and the US isn't alone. The EU, **** an and Middle Eastern nations have all been ramping up defense budgets, too, creating real sector opportunities for portfolios. Capturing them, however, takes more than pure defense-category investing: It requires knowing where the money actually flows.
"The defense ecosystem is actually much larger than most investors think," said Chris Grisanti, chief market strategist at MAI Capital Management. "It can include industrial companies like autos — GM has a big defense business — and of course technology and communications companies."
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
#defense #sign #upside #House
4 days ago
July 23 (Reuters) - Digital Realty Trust raised its full-year forecast for funds from operations on Thursday, betting on resilient leasing momentum from cloud and AI customers to drive growth, sending its shares up 3% in extended trading.
Austin, Texas-based Digital Realty is a real estate investment trust (REIT) that provides data center, colocation and interconnection solutions.
The company leases managed data centers to clients across industries ranging from cloud and information technology to social networking, communications, and manufacturing, and has been a major beneficiary of the race to adopt generative AI, which requires vast amounts of computing power housed in specialized facilities.
Here are some more details:
• Digital Realty now expects fiscal 2026 adjusted funds from operations, a key cash flow metric for REITs, in the range of $8.15 to $8.20 per share, compared with its earlier projection of $8 to $8.10 per share.
#cloud #july
Austin, Texas-based Digital Realty is a real estate investment trust (REIT) that provides data center, colocation and interconnection solutions.
The company leases managed data centers to clients across industries ranging from cloud and information technology to social networking, communications, and manufacturing, and has been a major beneficiary of the race to adopt generative AI, which requires vast amounts of computing power housed in specialized facilities.
Here are some more details:
• Digital Realty now expects fiscal 2026 adjusted funds from operations, a key cash flow metric for REITs, in the range of $8.15 to $8.20 per share, compared with its earlier projection of $8 to $8.10 per share.
#cloud #july
5 days ago
Keysight Technologies, Inc. (KEYS) provides electronic design and test solutions worldwide. The company has a market capitalization of $56 billion and operates through the Communications Solutions Group and Electronic Industrial Solutions Group segments. The company is expected to release its Q3 2026 earnings soon.
Ahead of the event, ****** ysts expect the company's EPS to be $2.16 on a diluted basis, up 40.3% from $1.54 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
Dear ****** eX Stock Fans, Mark Your Calendars for July 23
The Biggest Risk to ****** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
#solutions #company #group #keysight
Ahead of the event, ****** ysts expect the company's EPS to be $2.16 on a diluted basis, up 40.3% from $1.54 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
Dear ****** eX Stock Fans, Mark Your Calendars for July 23
The Biggest Risk to ****** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
#solutions #company #group #keysight
5 days ago
Charlotte could one day host a Super Bowl, but NFL Commissioner Roger Goodell said the city will need more hotel rooms before it can make that happen. Goodell made the comments to Carolina Panthers owner David Tepper on Thursday night.
The Charlotte Regional Visitors Authority said the Charlotte region currently has more than 46,000 hotel rooms across 442 properties, including more than 32,000 rooms at 263 hotels in Mecklenburg County. The city's urban core includes nearly 3,900 luxury and upscale hotel rooms.
ALSO READ: Renderings show what Bank of America Stadium will look like in the future
CRVA Chief Communications and Advocacy Officer Gina Sheridan said attracting a major event like the Super Bowl requires more than just increasing the number of hotel rooms.
"When you look at destinations that regularly host events of this scale, success isn't measured by room count alone," Sheridan said. "It's about having the right mix of hotels in the right locations to meet the needs of visitors, event organizers, sponsors and media while creating a seamless experience."
#sheridan
The Charlotte Regional Visitors Authority said the Charlotte region currently has more than 46,000 hotel rooms across 442 properties, including more than 32,000 rooms at 263 hotels in Mecklenburg County. The city's urban core includes nearly 3,900 luxury and upscale hotel rooms.
ALSO READ: Renderings show what Bank of America Stadium will look like in the future
CRVA Chief Communications and Advocacy Officer Gina Sheridan said attracting a major event like the Super Bowl requires more than just increasing the number of hotel rooms.
"When you look at destinations that regularly host events of this scale, success isn't measured by room count alone," Sheridan said. "It's about having the right mix of hotels in the right locations to meet the needs of visitors, event organizers, sponsors and media while creating a seamless experience."
#sheridan
5 days ago
Soon-to-be former Amazon (AMZN) Web Services (AWS) veteran Dave Brown will be joining Facebook parent Meta (META) to bolster the latter's cloud ambitions. Brown, who was with AWS for 19 years, will leave his post in July, according to internal communications at AWS.
Notable broker Wedbush has given this a thumbs up and has opined that Meta's desire to be a material player in the cloud industry is serious. In a note to clients, Matt Bryson of the firm said, "This addition builds on the narrative that Meta is serious in building out its own AI cloud offering (though ostensibly Dave Brown's expertise could be used to support the build-out of infrastructure for internal Meta use as well)."
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#cloud #internal
Notable broker Wedbush has given this a thumbs up and has opined that Meta's desire to be a material player in the cloud industry is serious. In a note to clients, Matt Bryson of the firm said, "This addition builds on the narrative that Meta is serious in building out its own AI cloud offering (though ostensibly Dave Brown's expertise could be used to support the build-out of infrastructure for internal Meta use as well)."
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#cloud #internal
6 days ago
USA Today is addressing a controversial column by Nancy Armour on Wednesday about Caitlin Clark that invoked murdered Emmett Till—while linking some of Clark's fan base to "white nationalists."
After Armour's column about the Indiana Fever star sparked a firestorm Thursday, Front Office Sports asked USA Today if they stood by her article.
Lark-Marie Anton, chief communications and brand officer for USA Today Co., wrote an email back to FOS stating: "Nancy is a Sports columnist, and her column is clearly labeled Opinion. Please note that the column has been updated for clarity, and Nancy has addressed the matter here (and below). We will not be commenting further."
Anton was referring to Armour's post on Threads Thursday defending her decision to include the 14-year-old Till's racially motivated murder in 1955 in Mississippi. However, Armour wrote she regretted not providing "appropriate context" in her piece.
"In my recent column, I made an inartful comparison with the murder of Emmett Till. I intended to connect the issues the WNBA is currently facing with its All-Star Game being hosted in Till's hometown of Chicago. I obviously did not provide enough context for that," wrote Armour.
#column #nancy #sports
After Armour's column about the Indiana Fever star sparked a firestorm Thursday, Front Office Sports asked USA Today if they stood by her article.
Lark-Marie Anton, chief communications and brand officer for USA Today Co., wrote an email back to FOS stating: "Nancy is a Sports columnist, and her column is clearly labeled Opinion. Please note that the column has been updated for clarity, and Nancy has addressed the matter here (and below). We will not be commenting further."
Anton was referring to Armour's post on Threads Thursday defending her decision to include the 14-year-old Till's racially motivated murder in 1955 in Mississippi. However, Armour wrote she regretted not providing "appropriate context" in her piece.
"In my recent column, I made an inartful comparison with the murder of Emmett Till. I intended to connect the issues the WNBA is currently facing with its All-Star Game being hosted in Till's hometown of Chicago. I obviously did not provide enough context for that," wrote Armour.
#column #nancy #sports
6 days ago
EchoStar Corporation (ECHO), headquartered in Englewood, Colorado, is a global communications company providing satellite, wireless, broadband, and video services. It delivers connectivity, networking, and content solutions for consumers, businesses, operators, and government customers, leveraging its technology, spectrum, engineering, and communications infrastructure worldwide. The company has a market capitalization of approximately $26.2 billion.
ECHO is set to report its Q2 earnings soon. Ahead of the release, **** ysts expect the company to post a loss of $0.28 per share, a 73.6% improvement from a loss of $1.06 per share in the year-ago quarter. ECHO has surpassed Wall Street's EPS estimates in three of the past four quarters, while missing expectations in one quarter.
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#Stock
ECHO is set to report its Q2 earnings soon. Ahead of the release, **** ysts expect the company to post a loss of $0.28 per share, a 73.6% improvement from a loss of $1.06 per share in the year-ago quarter. ECHO has surpassed Wall Street's EPS estimates in three of the past four quarters, while missing expectations in one quarter.
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#Stock
6 days ago
Twilio Inc (NYSE:TWLO) is expected to deliver second quarter results that exceed expectations on revenue and operating income, with investors likely to focus on whether the communications software company's gross profit growth can remain in the mid-teens during the second half of the year, according to Jefferies ******* ysts.
Ahead of Twilio's August 6 earnings release, Jefferies wrote that it expects the company to post revenue and operating income above expectations, although it does not anticipate the same degree of outperformance as in the first quarter.
The firm added that while business fundamentals remain strong, the stock's premium valuation and heavy investor positioning could limit upside unless Twilio significantly raises its outlook.
Jefferies forecasts second-quarter revenue of $1.427 billion, up 16% year over year and broadly in line with consensus expectations and the company's guidance range of $1.42 billion to $1.43 billion.
The firm expects gross profit of $684 million, implying a gross margin of 47.9%, compared with consensus expectations of $690 million and a 48.3% margin. It projects operating income of $255 million, or a 17.9% operating margin, and earnings per share of $1.30, versus Wall Street expectations of $258 million in operating income and EPS of $1.33.
#expectations
Ahead of Twilio's August 6 earnings release, Jefferies wrote that it expects the company to post revenue and operating income above expectations, although it does not anticipate the same degree of outperformance as in the first quarter.
The firm added that while business fundamentals remain strong, the stock's premium valuation and heavy investor positioning could limit upside unless Twilio significantly raises its outlook.
Jefferies forecasts second-quarter revenue of $1.427 billion, up 16% year over year and broadly in line with consensus expectations and the company's guidance range of $1.42 billion to $1.43 billion.
The firm expects gross profit of $684 million, implying a gross margin of 47.9%, compared with consensus expectations of $690 million and a 48.3% margin. It projects operating income of $255 million, or a 17.9% operating margin, and earnings per share of $1.30, versus Wall Street expectations of $258 million in operating income and EPS of $1.33.
#expectations
6 days ago
NZS Capital, LLC, an investment management company, released its "NZS Growth Equity Strategy" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Equity markets delivered a strong performance in the second quarter of 2026, driven by demand for AI infrastructure, geopolitical stabilization, and positive earnings reports. The portfolio achieved a gross return of +24.96% and a net return of +24.76%, significantly outperforming the +14.79% return for the Morningstar Global Target Market Exposure Index. Overweight in Semiconductors, stock selection in areas like Software and Industrials, and zero exposure to Energy contributed to the Strategy's outperformance in the quarter. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, NZS Growth Equity Strategy highlighted Quanta Services, Inc. (NYSE:PWR). Quanta Services, Inc. (NYSE:PWR) is an infrastructure services company that provides engineering and construction services to utilities, energy infrastructure, and telecommunications projects. On July 20, 2026, Quanta Services, Inc. (NYSE:PWR) closed at $632.56 per share. One-month return of Quanta Services, Inc. (NYSE:PWR) was -9.93%, and its shares gained 60.17% over the past 52 weeks. Quanta Services, Inc. (NYSE:PWR) has a market capitalization of $94.92 billion.
NZS Growth Equity Strategy stated the following regarding Quanta Services, Inc. (NYSE:PWR) in its Q2 2026 investor update:
"Those familiar with our strategy may know a key part of our process concerns reassessment of optional positions that outperform their way into the "middle" of the portfolio. If the team determines that the range of outcomes has narrowed enough for promotion to a resilient position, we add capital; otherwise, we trim the position back to optionality. While we might leave incremental upside on the table, we believe this strict reduction in overactive stocks with wide ranging outcomes allows us to continue benefiting from further upside without letting risk run. This quarter, the portfolio had five positions that worked their way into the middle – a few even ran all the way through the middle in a single day. This situation is unusual and perhaps symptomatic of the volatility in the market. Quanta Services, Inc. (NYSE:PWR) also ran into the middle during the quarter, and we ultimately decided to add capital and promote the position to resilient, reflecting our view that the fundamental range of outcomes for Quanta's business – a US provider of craft labor for electricity generation, transmission, and distribution infrastructure – has continued to narrow."
#quarter #Growth
In its Q2 2026 investor letter, NZS Growth Equity Strategy highlighted Quanta Services, Inc. (NYSE:PWR). Quanta Services, Inc. (NYSE:PWR) is an infrastructure services company that provides engineering and construction services to utilities, energy infrastructure, and telecommunications projects. On July 20, 2026, Quanta Services, Inc. (NYSE:PWR) closed at $632.56 per share. One-month return of Quanta Services, Inc. (NYSE:PWR) was -9.93%, and its shares gained 60.17% over the past 52 weeks. Quanta Services, Inc. (NYSE:PWR) has a market capitalization of $94.92 billion.
NZS Growth Equity Strategy stated the following regarding Quanta Services, Inc. (NYSE:PWR) in its Q2 2026 investor update:
"Those familiar with our strategy may know a key part of our process concerns reassessment of optional positions that outperform their way into the "middle" of the portfolio. If the team determines that the range of outcomes has narrowed enough for promotion to a resilient position, we add capital; otherwise, we trim the position back to optionality. While we might leave incremental upside on the table, we believe this strict reduction in overactive stocks with wide ranging outcomes allows us to continue benefiting from further upside without letting risk run. This quarter, the portfolio had five positions that worked their way into the middle – a few even ran all the way through the middle in a single day. This situation is unusual and perhaps symptomatic of the volatility in the market. Quanta Services, Inc. (NYSE:PWR) also ran into the middle during the quarter, and we ultimately decided to add capital and promote the position to resilient, reflecting our view that the fundamental range of outcomes for Quanta's business – a US provider of craft labor for electricity generation, transmission, and distribution infrastructure – has continued to narrow."
#quarter #Growth
7 days ago
Lake Success, New York-based Broadridge Financial Solutions, Inc. (BR) provides investor communications and technology-driven solutions for the financial services industry in the United States and internationally. The company has a market cap of $17.3 billion and handles the proxy materials distribution and voting processes for bank, broker-dealer, corporate issuer, and fund clients, and more.
BR is expected to release its Q4 2026 earnings soon. Ahead of the event, ***** ysts expect the company's EPS to be $3.75 on a diluted basis, up 5.6% from $3.55 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in each of its last four quarters.
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#solutions #york #broadridge
BR is expected to release its Q4 2026 earnings soon. Ahead of the event, ***** ysts expect the company's EPS to be $3.75 on a diluted basis, up 5.6% from $3.55 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in each of its last four quarters.
Alibaba Stock Just Got Apple's Biggest AI Endorsement. This Could Be a Game Changer for BABA.
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AI Bubble Fears, Earnings and Other Can't Miss Items this Week
#solutions #york #broadridge
7 days ago
The dollar index (DXY00) is up by +0.17% today. The dollar is moving higher today as escalation of hostilities between the US and Iran is boosting crude oil prices, which raises inflation expectations that could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. The dollar also received some safe-haven support today on signs of widening of the conflict in the Middle East after Houthi rebels said they will impose a maritime blockade on Saudi Arabia in retaliation for what they say is the kingdom's siege on the Yemeni capital. Strength in stocks today has reduced liquidity demand for the dollar, limiting gains in the currency.
Today's US economic news was slightly negative for the dollar after the Jun leading indicators fell -0.2% m/m, weaker than expectations of -0.1% m/m.
Dollar Supported by Higher T-Note Yields and Crude Prices
Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!
The US conducted a ninth straight day of airstrikes on Iran, bombing military targets and communications networks, and Iran retaliated by launching drones and missiles at US bases in Kuwait, Jordan, Bahrain, and Iraq. The New York Times reported that the US is sending more warplanes to the Middle East, including F-35 and F-16 fighter jets. However, crude prices fell from their highs after Iran said it wouldn't abandon diplomacy and that Qatar and Pakistan had reached out to mediate an end to the conflict and proposed a 10-day cessation of strikes between the US and Iran.
#crude
Today's US economic news was slightly negative for the dollar after the Jun leading indicators fell -0.2% m/m, weaker than expectations of -0.1% m/m.
Dollar Supported by Higher T-Note Yields and Crude Prices
Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!
The US conducted a ninth straight day of airstrikes on Iran, bombing military targets and communications networks, and Iran retaliated by launching drones and missiles at US bases in Kuwait, Jordan, Bahrain, and Iraq. The New York Times reported that the US is sending more warplanes to the Middle East, including F-35 and F-16 fighter jets. However, crude prices fell from their highs after Iran said it wouldn't abandon diplomacy and that Qatar and Pakistan had reached out to mediate an end to the conflict and proposed a 10-day cessation of strikes between the US and Iran.
#crude
8 days ago
NBA Communications: The 2026 NBA All-Summer League Second Team: Cedric Coward, memgrizz Egor Dёmin, BrooklynNets Khaman Maluach, Suns Liam McNeeley, hornets Zyon Pullin, Timberwolves
This article originally appeared on Hoops Hype: The 2026 NBA All-Summer League Second Team:
#khaman
This article originally appeared on Hoops Hype: The 2026 NBA All-Summer League Second Team:
#khaman
8 days ago
NBA Communications: The 2026 NBA All-Summer League First Team: Cameron Boozer, memgrizz, Brayden Burries, Bucks, Yaxel Lendeborg, warriors, Meleek Thomas, cavs, Caleb Wilson, chicagobulls. The team was selected by a vote of all 30 NBA teams based on performance at Summer League in Las Vegas.
This article originally appeared on Hoops Hype: Top-4 picks Cameron Boozer, Caleb Wilson earn 2026 All-Summer League Team honors in Las Vegas
#team #communications
This article originally appeared on Hoops Hype: Top-4 picks Cameron Boozer, Caleb Wilson earn 2026 All-Summer League Team honors in Las Vegas
#team #communications
8 days ago
NBA Communications: Yaxel Lendeborg of the warriors has been named Most Valuable Player of the 2026 NBA Summer League in Las Vegas. Lendeborg averaged 14.8 points, 6.8 rebounds and 4.0 **** ists in six games as Golden State won the championship. The MVP was selected by a vote of all 30 NBA teams.
This article originally appeared on Hoops Hype: Warriors rookie Yaxel Lendeborg named MVP of the Las Vegas Summer League
#summer #league #communications #valuable
This article originally appeared on Hoops Hype: Warriors rookie Yaxel Lendeborg named MVP of the Las Vegas Summer League
#summer #league #communications #valuable
9 days ago
A micro-modular nuclear reactor developer with global headquarters in Italy and a U.S. corporate office in Pennsylvania said it has been selected to deploy its equipment for data center infrastructure in Latin America and Brazil.Terra Innovatum Global N.V. on July 20 said Latin American technomedia group Waiken ILW has selected Terra Innovatum's SOLO micro-modular reactor platform for an initial deployment that will support DIRECTV Latin America and SKY Brasil (Jaguariúna). The companies said they have a letter of intent that covers up to 8 MWe of behind-the-meter power generation capacity."This initiative aims to provide reliable, behind-the-meter clean energy solutions for Waiken ILW's data centers while serving as a proof of concept for other long-term, energy-intensive operations within the Waiken ILW group of companies," said Alessandro Petruzzi, co-founder and CEO at Terra Innovatum. "Critical communications infrastructure demands uninterrupted, resilient power. We believe this agreement demonstrates the growing commercial opportunity for behind-the-meter nuclear energy beyond AI data centers, extending into media, telecommunications and other critical infrastructure sectors."The agreement represents Terra Innovatum's first announced commercial deployment initiative in Latin America. The company said it reflects growing international demand for standardized, factory-built micro-modular nuclear power.
The SOLO technology was conceptualized in 2018. It was engineered across a six-year period. Terra Innovatum said SOLO "addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability."The company said the micro-modular reactor is "designed to adapt with evolving fuel options ... SOLO supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies."Giordano Morichi, founding partner, chief business development officer and director of investor relations for the company said, "This strategic collaboration with Waiken ILW highlights the commercial strength of our global supply chain and the versatility of our SOLO technology. The agreement demonstrates that SOLO is not designed for a single market, rather it is a platform that can scale across multiple industries and geographies, including telecommunications, cloud infrastructure and data centers, financial services, healthcare, industrial facilities and other mission-critical operations."
The SOLO technology was conceptualized in 2018. It was engineered across a six-year period. Terra Innovatum said SOLO "addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability."The company said the micro-modular reactor is "designed to adapt with evolving fuel options ... SOLO supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies."Giordano Morichi, founding partner, chief business development officer and director of investor relations for the company said, "This strategic collaboration with Waiken ILW highlights the commercial strength of our global supply chain and the versatility of our SOLO technology. The agreement demonstrates that SOLO is not designed for a single market, rather it is a platform that can scale across multiple industries and geographies, including telecommunications, cloud infrastructure and data centers, financial services, healthcare, industrial facilities and other mission-critical operations."
9 days ago
While the artificial intelligence (AI) frenzy may have cooled, the fire still burns bright. The investment theme is no longer about picking every AI-related stock. Instead, investors are now becoming more selective and are rewarding businesses that are turning surging demand into real revenue, profits, and long-term growth. With this shift in market sentiment, AI infrastructure winners like Marvell Technology (MRVL) and Broadcom (AVGO) continue to stand out.
Marvell Technology is a semiconductor company that designs the chips used in data centers, cloud computing, AI infrastructure, networking, storage, and telecommunications. As hyperscale customers continue to invest aggressively in AI infrastructure, Marvell Technology is entering a stronger growth cycle, which is why investors are pouring money into the stock. MRVL stock has surged an impressive 131% year-to-date (YTD), massively outpacing the broader market.
Mark Cuban Says If You've Got $100,000, You'll Get The 'Best Guaranteed' ROI Buying Bulk Toothpaste & Soup — Put the Rest in the Bank, 'Let It Earn Nothing'
Micron Is Signing Deals in the Automotive ****** e. What That Means for MU Stock Here.
5% Bond Returns Are a Gift for Retirement Investors. My Favorite Way to Invest in Treasurys Lets You Earn a Paycheck No Matter What the Market Does.
Marvell Technology is a semiconductor company that designs the chips used in data centers, cloud computing, AI infrastructure, networking, storage, and telecommunications. As hyperscale customers continue to invest aggressively in AI infrastructure, Marvell Technology is entering a stronger growth cycle, which is why investors are pouring money into the stock. MRVL stock has surged an impressive 131% year-to-date (YTD), massively outpacing the broader market.
Mark Cuban Says If You've Got $100,000, You'll Get The 'Best Guaranteed' ROI Buying Bulk Toothpaste & Soup — Put the Rest in the Bank, 'Let It Earn Nothing'
Micron Is Signing Deals in the Automotive ****** e. What That Means for MU Stock Here.
5% Bond Returns Are a Gift for Retirement Investors. My Favorite Way to Invest in Treasurys Lets You Earn a Paycheck No Matter What the Market Does.
9 days ago
Chad Anderson is the founder and CEO of ***** e Capital, where he has been pioneering investment in the ***** e economy for over a decade. He is also the author of "The ***** e Economy," published by Wiley. Disclosure: Anderson is an early investor in ***** eX, along with dozens of other ***** e companies.
Every quarter, ***** e Capital tracks every dollar flowing into the ***** e economy. The midyear numbers are in: Private investment totaled $31.6 billion across 129 ***** e companies in the first half of 2026 — more than all of 2025, making this the strongest year on record for the ***** e economy, with two quarters still to go.
Since ***** eX (SPCX) came online in 2009, the ***** e economy has attracted $488 billion across more than 2,400 companies. If the ***** eX initial public offering (IPO) felt like a climax for the sector, the data suggests it was just the opening act.
No event looms larger over these numbers than that IPO. The market finally has a public benchmark for the company that has done more than any other to shape the modern ***** e economy. Yet almost immediately, the conversation shifted from valuation to identity, with some ***** ysts asking whether ***** eX should even be considered a ***** e company anymore.
That question misses the point. Wall Street has always categorized ***** e under aerospace and defense — hardware businesses valued on government contracts and program backlogs. That box no longer fits. The value in ***** e is accruing in layers that ***** ysts cover elsewhere: communications, compute, and AI.
Every quarter, ***** e Capital tracks every dollar flowing into the ***** e economy. The midyear numbers are in: Private investment totaled $31.6 billion across 129 ***** e companies in the first half of 2026 — more than all of 2025, making this the strongest year on record for the ***** e economy, with two quarters still to go.
Since ***** eX (SPCX) came online in 2009, the ***** e economy has attracted $488 billion across more than 2,400 companies. If the ***** eX initial public offering (IPO) felt like a climax for the sector, the data suggests it was just the opening act.
No event looms larger over these numbers than that IPO. The market finally has a public benchmark for the company that has done more than any other to shape the modern ***** e economy. Yet almost immediately, the conversation shifted from valuation to identity, with some ***** ysts asking whether ***** eX should even be considered a ***** e company anymore.
That question misses the point. Wall Street has always categorized ***** e under aerospace and defense — hardware businesses valued on government contracts and program backlogs. That box no longer fits. The value in ***** e is accruing in layers that ***** ysts cover elsewhere: communications, compute, and AI.
9 days ago
AST ****** eMobile (ASTS) is a Midland, Texas-based ****** e technology company founded in 2017 by CEO Abel Avellan. Its mission to eliminate the global mobile connectivity gap by building the world's first and only ****** e-based cellular broadband network capable of operating directly with standard, unmodified smartphones. The company's BlueBird satellite constellation operates in low Earth orbit, delivering direct-to-device broadband coverage for users on land, at sea, and in flight without requiring any hardware modifications.
AST ****** eMobile has nearly 60 mobile network operator partners covering over three billion subscribers globally, including AT&T (T), Verizon (VZ), Vodafone (VOD), and Rakuten (RKUNF), as well as FCC authorization, to provide Supplemental Coverage from ****** e across a network of up to 248 satellites. AST represents one of the most ambitious and potentially transformative bets in the global telecommunications infrastructure ****** e.
Mark Cuban Says If You've Got $100,000, You'll Get The 'Best Guaranteed' ROI Buying Bulk Toothpaste & Soup — Put the Rest in the Bank, 'Let It Earn Nothing'
Micron Is Signing Deals in the Automotive ****** e. What That Means for MU Stock Here.
5% Bond Returns Are a Gift for Retirement Investors. My Favorite Way to Invest in Treasurys Lets You Earn a Paycheck No Matter What the Market Does.
AST ****** eMobile has nearly 60 mobile network operator partners covering over three billion subscribers globally, including AT&T (T), Verizon (VZ), Vodafone (VOD), and Rakuten (RKUNF), as well as FCC authorization, to provide Supplemental Coverage from ****** e across a network of up to 248 satellites. AST represents one of the most ambitious and potentially transformative bets in the global telecommunications infrastructure ****** e.
Mark Cuban Says If You've Got $100,000, You'll Get The 'Best Guaranteed' ROI Buying Bulk Toothpaste & Soup — Put the Rest in the Bank, 'Let It Earn Nothing'
Micron Is Signing Deals in the Automotive ****** e. What That Means for MU Stock Here.
5% Bond Returns Are a Gift for Retirement Investors. My Favorite Way to Invest in Treasurys Lets You Earn a Paycheck No Matter What the Market Does.
11 days ago
By David Shepardson
WASHINGTON, July 17 (Reuters) - The sole Democrat on the Federal Communications Commission on Friday criticized President Donald Trump's call for Disney-owned ABC and Comcast unit NBC to lose their broadcast licenses because they refused to air his speech.
During a nearly half-hour prime-time speech on Thursday, the Republican president revived many of his longstanding claims that U.S. elections are unreliable. In the remarks, Trump said networks that did not air his speech should have their station licenses revoked.
FCC Commissioner Anna Gomez, who serves on the commission along with two Republicans, on Friday described Trump's call as "ridiculous" because the broadcasters made "the same editorial decisions they've made under presidents of both parties."
"Those editorial decisions are protected by the First Amendment, and the FCC has no authority to punish a station for refusing to air a blatantly political speech," she said in a statement. "This is a naked attempt to bully broadcasters, and the FCC should have no part in it."
WASHINGTON, July 17 (Reuters) - The sole Democrat on the Federal Communications Commission on Friday criticized President Donald Trump's call for Disney-owned ABC and Comcast unit NBC to lose their broadcast licenses because they refused to air his speech.
During a nearly half-hour prime-time speech on Thursday, the Republican president revived many of his longstanding claims that U.S. elections are unreliable. In the remarks, Trump said networks that did not air his speech should have their station licenses revoked.
FCC Commissioner Anna Gomez, who serves on the commission along with two Republicans, on Friday described Trump's call as "ridiculous" because the broadcasters made "the same editorial decisions they've made under presidents of both parties."
"Those editorial decisions are protected by the First Amendment, and the FCC has no authority to punish a station for refusing to air a blatantly political speech," she said in a statement. "This is a naked attempt to bully broadcasters, and the FCC should have no part in it."
11 days ago
Chad Anderson is the founder and CEO of ***** e Capital, where he has been pioneering investment in the ***** e economy for over a decade. He is also the author of "The ***** e Economy," published by Wiley. Disclosure: Anderson is an early investor in ***** eX, along with dozens of other ***** e companies.
Every quarter, ***** e Capital tracks every dollar flowing into the ***** e economy. The midyear numbers are in: Private investment totaled $31.6 billion across 129 ***** e companies in the first half of 2026 — more than all of 2025, making this the strongest year on record for the ***** e economy, with two quarters still to go.
Since ***** eX (SPCX) came online in 2009, the ***** e economy has attracted $488 billion across more than 2,400 companies. If the ***** eX initial public offering (IPO) felt like a climax for the sector, the data suggests it was just the opening act.
No event looms larger over these numbers than that IPO. The market finally has a public benchmark for the company that has done more than any other to shape the modern ***** e economy. Yet almost immediately, the conversation shifted from valuation to identity, with some ***** ysts asking whether ***** eX should even be considered a ***** e company anymore.
That question misses the point. Wall Street has always categorized ***** e under aerospace and defense — hardware businesses valued on government contracts and program backlogs. That box no longer fits. The value in ***** e is accruing in layers that ***** ysts cover elsewhere: communications, compute, and AI.
Every quarter, ***** e Capital tracks every dollar flowing into the ***** e economy. The midyear numbers are in: Private investment totaled $31.6 billion across 129 ***** e companies in the first half of 2026 — more than all of 2025, making this the strongest year on record for the ***** e economy, with two quarters still to go.
Since ***** eX (SPCX) came online in 2009, the ***** e economy has attracted $488 billion across more than 2,400 companies. If the ***** eX initial public offering (IPO) felt like a climax for the sector, the data suggests it was just the opening act.
No event looms larger over these numbers than that IPO. The market finally has a public benchmark for the company that has done more than any other to shape the modern ***** e economy. Yet almost immediately, the conversation shifted from valuation to identity, with some ***** ysts asking whether ***** eX should even be considered a ***** e company anymore.
That question misses the point. Wall Street has always categorized ***** e under aerospace and defense — hardware businesses valued on government contracts and program backlogs. That box no longer fits. The value in ***** e is accruing in layers that ***** ysts cover elsewhere: communications, compute, and AI.
11 days ago
Updated July 16, 2026, 5:53 pm EDT / Original July 16, 2026, 4:45 pm EDT
Verizon
VZ
-0.66%
Communications is cutting around 3,000 more jobs, reducing the number of company-owned retail stores, and realigning its structure as the nation’s largest wireless carrier continues to cut costs under new CEO Daniel Schulman.
VZ
-0.66%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Verizon
VZ
-0.66%
Communications is cutting around 3,000 more jobs, reducing the number of company-owned retail stores, and realigning its structure as the nation’s largest wireless carrier continues to cut costs under new CEO Daniel Schulman.
VZ
-0.66%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
11 days ago
By David Thomas and Mike Scarcella
WASHINGTON, July 17 (Reuters) - The U.S. Justice Department is seeking detailed records and depositions from 14 major law firms that were targeted by White House executive orders last year or that made deals with President Donald Trump to avoid his directives, according to copies of subpoenas filed on Friday in Washington federal court.
The subpoenas issued by the DOJ demanded records of the firms' communications related to the executive orders, including records of communications with Boris Epshteyn, a longtime adviser to Trump, since the start of the president's second term.
The DOJ is also seeking any communications the firms may have had with the American Bar ******* ociation about Epshteyn. It was not immediately clear whether the firms would challenge the subpoenas in court.
The Justice Department disclosed the subpoenas in a lawsuit brought last year by the ABA, which alleges its members face harm from an unlawful policy by the Trump administration to punish law firms over their past legal work, diversity policies and political ties.
WASHINGTON, July 17 (Reuters) - The U.S. Justice Department is seeking detailed records and depositions from 14 major law firms that were targeted by White House executive orders last year or that made deals with President Donald Trump to avoid his directives, according to copies of subpoenas filed on Friday in Washington federal court.
The subpoenas issued by the DOJ demanded records of the firms' communications related to the executive orders, including records of communications with Boris Epshteyn, a longtime adviser to Trump, since the start of the president's second term.
The DOJ is also seeking any communications the firms may have had with the American Bar ******* ociation about Epshteyn. It was not immediately clear whether the firms would challenge the subpoenas in court.
The Justice Department disclosed the subpoenas in a lawsuit brought last year by the ABA, which alleges its members face harm from an unlawful policy by the Trump administration to punish law firms over their past legal work, diversity policies and political ties.
12 days ago
WASHINGTON, July 17 (Reuters) - U.S. factory production was unchanged in June, but grew at a robust pace in the second quarter, driven by an artificial intelligence build-up and businesses accumulating inventory in anticipation of shortages and higher prices due to the war in the Middle East.
The flat reading in manufacturing output last month reported by the Federal Reserve on Friday followed an upwardly revised 0.1% gain in May. Economists polled by Reuters had forecast production edging up 0.1% after a previously reported unchanged reading in May. Output increased 1.1% year-on-year in June.
It grew at a 4.7% annualized rate in the second quarter, the fastest in five years, after expanding at a 1.4% pace in the January-March quarter.
Businesses are spending heavily on AI, keeping manufacturing, which accounts for about 9.4% of the economy, afloat. Motor vehicles and parts production rose 0.7% over the month. Though output of computers and peripheral equipment fell 0.5%, it increased 9.2% year-on-year and rose at a 7.2% rate in the second quarter. Production of communications equipment increased 0.7% in June and grew at a 9.6% rate last quarter.
Output of semiconductors and related electronic components rose 0.5% last month and increased at a 10.2% pace in the second quarter. Production of long-lasting manufactured goods slipped 0.1% over the month, offseting a 0.2% gain in the output of non-durable goods.
The flat reading in manufacturing output last month reported by the Federal Reserve on Friday followed an upwardly revised 0.1% gain in May. Economists polled by Reuters had forecast production edging up 0.1% after a previously reported unchanged reading in May. Output increased 1.1% year-on-year in June.
It grew at a 4.7% annualized rate in the second quarter, the fastest in five years, after expanding at a 1.4% pace in the January-March quarter.
Businesses are spending heavily on AI, keeping manufacturing, which accounts for about 9.4% of the economy, afloat. Motor vehicles and parts production rose 0.7% over the month. Though output of computers and peripheral equipment fell 0.5%, it increased 9.2% year-on-year and rose at a 7.2% rate in the second quarter. Production of communications equipment increased 0.7% in June and grew at a 9.6% rate last quarter.
Output of semiconductors and related electronic components rose 0.5% last month and increased at a 10.2% pace in the second quarter. Production of long-lasting manufactured goods slipped 0.1% over the month, offseting a 0.2% gain in the output of non-durable goods.
12 days ago
Heartland Advisors, an investment management company, released its second-quarter 2026 investor letter for "Heartland Value Fund". A copy of the letter can be downloaded here. The AI trend continues to drive the market in the quarter. Small-cap stocks continue to outperform, with the Russell 2000® Index rising 21.49% in the quarter. The Heartland Value Fund gained 17.05% in the quarter, compared with the 17.19% return for the Russell 2000® Value Index. In addition, you can check the Fund's top 5 holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, Heartland Value Fund highlighted Photronics, Inc. (NASDAQ:PLAB). Based in Brookfield, Connecticut, Photronics, Inc. (NASDAQ:PLAB) is a US-based technology company that engages in the business of photomask products and services. On July 14, 2026, Photronics, Inc. (NASDAQ:PLAB) closed at $29.47 per share, reflecting a market capitalization of $1.73 billion. Photronics, Inc. (NASDAQ:PLAB) posted a one-month return of -4.97%, while its shares gained 53.73% over the past 52 weeks.
Heartland Value Fund stated the following regarding Photronics, Inc. (NASDAQ:PLAB) in its Q2 2026 investor update:
At the same time, we've been finding plenty of segments of the market where the AI herd hasn't been roaming. In the second quarter, we added to 51 of our existing positions across numerous sectors, including Energy, Financials, Health Care, Communications, Real Estate, and Industrials. When we do buy, we're not simply deploying flows or chasing parts of the market that are making new highs. We are adding exposure in securities that we believe are attractively priced and still represent a good risk/reward balance.
A good example is Photronics, Inc. (NASDAQ:PLAB). Earlier this year, we reduced our stake in PLAB, a leading manufacturer of photomasks that are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication process. The shares more than doubled from December to May, and we felt the stock was getting caught up in the mania surrounding the AI buildout, so we took some money off the table as it reached our price target..." (Click here to read the full text)
In its Q2 2026 investor letter, Heartland Value Fund highlighted Photronics, Inc. (NASDAQ:PLAB). Based in Brookfield, Connecticut, Photronics, Inc. (NASDAQ:PLAB) is a US-based technology company that engages in the business of photomask products and services. On July 14, 2026, Photronics, Inc. (NASDAQ:PLAB) closed at $29.47 per share, reflecting a market capitalization of $1.73 billion. Photronics, Inc. (NASDAQ:PLAB) posted a one-month return of -4.97%, while its shares gained 53.73% over the past 52 weeks.
Heartland Value Fund stated the following regarding Photronics, Inc. (NASDAQ:PLAB) in its Q2 2026 investor update:
At the same time, we've been finding plenty of segments of the market where the AI herd hasn't been roaming. In the second quarter, we added to 51 of our existing positions across numerous sectors, including Energy, Financials, Health Care, Communications, Real Estate, and Industrials. When we do buy, we're not simply deploying flows or chasing parts of the market that are making new highs. We are adding exposure in securities that we believe are attractively priced and still represent a good risk/reward balance.
A good example is Photronics, Inc. (NASDAQ:PLAB). Earlier this year, we reduced our stake in PLAB, a leading manufacturer of photomasks that are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication process. The shares more than doubled from December to May, and we felt the stock was getting caught up in the mania surrounding the AI buildout, so we took some money off the table as it reached our price target..." (Click here to read the full text)
12 days ago
Lucid stock tumbled by as much as 40% on Tuesday, then clawed back a portion of those losses to end the session down 16%, following the publication of a report by an electric vehicle blog alleging the company was exploring bankruptcy or a move to go private. Lucid called the report false.
The report, from a site called EV, cited two unnamed sources who said consulting firm AlixPartners had recommended Lucid's board consider either Chapter 11 bankruptcy protection or a privatization, according to TechCrunch. The site also reported that AlixPartners had advised further restructuring in the U.S. and Europe and a sharper focus on the Gravity SUV.
Lucid chief communications officer Nick Twork told TechCrunch the claims were "completely false." "The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today," Twork said in a statement. "AlixPartners is ******* isting us in that and nothing else and has not recommended bankruptcy to management or the Board." AlixPartners declined to comment.
Regulators paused trading in Lucid shares on several occasions throughout the session due to excessive price swings. The stock swung between $5.76 and $2.37 on Tuesday before closing at $4.62. Lucid stock was down an additional 4.1% in premarket trading Wednesday.
As of the end of March, Lucid's total available liquidity stood at approximately $3.2 billion, with around $2.5 billion of that consisting of debt capacity it had yet to draw on, according to Barron's, citing Cantor Fitzgerald ******* yst Andres Sheppard. The company then secured another $1 billion in April, a sum that included a $200 million check from Uber. Sheppard wrote that the company was "funded well into next year."
The report, from a site called EV, cited two unnamed sources who said consulting firm AlixPartners had recommended Lucid's board consider either Chapter 11 bankruptcy protection or a privatization, according to TechCrunch. The site also reported that AlixPartners had advised further restructuring in the U.S. and Europe and a sharper focus on the Gravity SUV.
Lucid chief communications officer Nick Twork told TechCrunch the claims were "completely false." "The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today," Twork said in a statement. "AlixPartners is ******* isting us in that and nothing else and has not recommended bankruptcy to management or the Board." AlixPartners declined to comment.
Regulators paused trading in Lucid shares on several occasions throughout the session due to excessive price swings. The stock swung between $5.76 and $2.37 on Tuesday before closing at $4.62. Lucid stock was down an additional 4.1% in premarket trading Wednesday.
As of the end of March, Lucid's total available liquidity stood at approximately $3.2 billion, with around $2.5 billion of that consisting of debt capacity it had yet to draw on, according to Barron's, citing Cantor Fitzgerald ******* yst Andres Sheppard. The company then secured another $1 billion in April, a sum that included a $200 million check from Uber. Sheppard wrote that the company was "funded well into next year."
12 days ago
Laughing Water Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The second quarter was exceptionally good for the portfolio, with Class A investment in Laughing Water Capital returning approximately 39.8% net of all fees and expenses, bringing the YTD return to approximately 33.6% net. The SP500TR and R2000 returned approximately 15.0% and 21.5%, respectively, in the second quarter. The impressive performance was driven by three of the top five positions being acquired, with its largest position nearly doubling during the quarter. The letter emphasizes that patience can often lead to profits in an inefficient market characterized by fluctuations, suggesting that investing in undervalued stocks can yield good long-term returns. In addition, please check the portfolio's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Laughing Water Capital highlighted NextNav Inc. (NASDAQ:NN). Headquartered in Reston, Virginia, NextNav Inc. (NASDAQ:NN) is a technology company that specializes in positioning, navigation, and timing (PNT) solutions that offer Pinnacle, an accurate altitude service for public safety applications. On July 14, 2026, NextNav Inc. (NASDAQ:NN) closed at $15.30 per share, reflecting a market capitalization of $2.09 billion. NextNav Inc. (NASDAQ:NN) posted a one-month return of -17.34%, while its shares gained 0.66% over the past 52 weeks.
Laughing Water Capital stated the following regarding NextNav Inc. (NASDAQ:NN) in its Q2 2026 investor update:
"NextNav Inc. (NASDAQ:NN) – NextNav, our terrestrial backup to GPS / spectrum play remains in limbo as we await a Notice of Proposed Rule Making (NPRM) from the Federal Communications Commission (FCC) that will allow Nextnav to use its wireless spectrum for 5G communication. Despite the regulatory delay, the company has made significant progress in cleaning up its balance sheet. Notably, during the quarter the company's ****** warrants were called and convertible debt was converted to equity. In the near-term events such as these can weigh on share price due to arbitrage opportunities and hedging. However, in the intermediate term when the quants that dominate the markets next see a Nextnav balance sheet they will be looking at a cash rich company rather than a highly levered company. It would not surprise me to see short covering on this change.
Moving away from trading dynamics and toward political tea leaves, during the quarter Nextnav CEO Miriam Sorond testified in front of the U.S. House Energy and Commerce Subcommittee on Communications & Technology, alongside representatives of several of the groups that oppose Nextnav's plan. Not surprisingly the opposition warned of interference risks if Nextnav's plan is granted, while Sorond noted that recent real-world testing showed no interference. Following this meeting Nextnav asked the FCC for permission to run tests that
In its Q2 2026 investor letter, Laughing Water Capital highlighted NextNav Inc. (NASDAQ:NN). Headquartered in Reston, Virginia, NextNav Inc. (NASDAQ:NN) is a technology company that specializes in positioning, navigation, and timing (PNT) solutions that offer Pinnacle, an accurate altitude service for public safety applications. On July 14, 2026, NextNav Inc. (NASDAQ:NN) closed at $15.30 per share, reflecting a market capitalization of $2.09 billion. NextNav Inc. (NASDAQ:NN) posted a one-month return of -17.34%, while its shares gained 0.66% over the past 52 weeks.
Laughing Water Capital stated the following regarding NextNav Inc. (NASDAQ:NN) in its Q2 2026 investor update:
"NextNav Inc. (NASDAQ:NN) – NextNav, our terrestrial backup to GPS / spectrum play remains in limbo as we await a Notice of Proposed Rule Making (NPRM) from the Federal Communications Commission (FCC) that will allow Nextnav to use its wireless spectrum for 5G communication. Despite the regulatory delay, the company has made significant progress in cleaning up its balance sheet. Notably, during the quarter the company's ****** warrants were called and convertible debt was converted to equity. In the near-term events such as these can weigh on share price due to arbitrage opportunities and hedging. However, in the intermediate term when the quants that dominate the markets next see a Nextnav balance sheet they will be looking at a cash rich company rather than a highly levered company. It would not surprise me to see short covering on this change.
Moving away from trading dynamics and toward political tea leaves, during the quarter Nextnav CEO Miriam Sorond testified in front of the U.S. House Energy and Commerce Subcommittee on Communications & Technology, alongside representatives of several of the groups that oppose Nextnav's plan. Not surprisingly the opposition warned of interference risks if Nextnav's plan is granted, while Sorond noted that recent real-world testing showed no interference. Following this meeting Nextnav asked the FCC for permission to run tests that
