26 mins. ago
Array Technologies (ARRY) shares moved meaningfully lower on Sept. 18 after a senior UBS **** yst, Jon Windham, downgraded the solar tracking manufacturer to "Neutral." Windham also slashed his price target in half to $5, cautioning investors against expecting a swift recovery in ARRY in the near term.
His bearish call is meaningful, given that Array Technologies stock has already been a disappointment for investors in 2026, currently down more than 65% versus its year-to-date high.
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#arry #Stock #musk
His bearish call is meaningful, given that Array Technologies stock has already been a disappointment for investors in 2026, currently down more than 65% versus its year-to-date high.
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#arry #Stock #musk
31 mins. ago
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Osaic has been hit with a class action suit claiming the firm put its own profits ahead of customers in how it has handled its various cash sweep programs.
In the suit filed in Arizona federal court, Osaic customers Robin Nackman and Douglas Whittaker accused Osaic of a "dramatic underpayment of interest" to their customers, violating their "contractual, implied and/or fiduciary obligations" to the plaintiffs.
"Despite its representation to the contrary, Osaic categorically has not adjusted interest rates paid to customers based on economic or prevailing market factors, but rather has kept the sweep rates artificially depressed as to reap substantial profits for itself," the complaint read.
In the complaint, Nackman and Whittaker argue that typically, uninvested cash from customer accounts is moved (or "swept") into interest-bearing accounts, generating client returns.
#osaic #wealthmanagement #whittaker #suit
Osaic has been hit with a class action suit claiming the firm put its own profits ahead of customers in how it has handled its various cash sweep programs.
In the suit filed in Arizona federal court, Osaic customers Robin Nackman and Douglas Whittaker accused Osaic of a "dramatic underpayment of interest" to their customers, violating their "contractual, implied and/or fiduciary obligations" to the plaintiffs.
"Despite its representation to the contrary, Osaic categorically has not adjusted interest rates paid to customers based on economic or prevailing market factors, but rather has kept the sweep rates artificially depressed as to reap substantial profits for itself," the complaint read.
In the complaint, Nackman and Whittaker argue that typically, uninvested cash from customer accounts is moved (or "swept") into interest-bearing accounts, generating client returns.
#osaic #wealthmanagement #whittaker #suit
1 hr. ago
The dollar index (DXY00) fell from a 7-week high on Friday and finished down by -0.03%. The dollar gave its advance on Friday on weaker-than-expected US economic news that showed Aug manufacturing production and Aug leading indicators unexpectedly declined. Also, Friday's -1% fall in WTI crude oil eased inflation expectations and could persuade the Fed to loosen monetary policy, a bearish factor for the dollar.
The dollar initially moved higher on Friday on weakness in the yen, which fell to a 2-week low today. Higher T-note yields on Friday also supported the dollar. The dollar also has carryover support from Wednesday when the FOMC raised interest rates by 25 bp and signaled another rate hike by the end of the year. The dollar fell from its best level after US
Dollar Gains on Yen Weakness and Higher T-note Yields
Wall Street's Favorite Safe Haven Could Be In Trouble. How Investors Should Play Gold Here.
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#Friday #yields
The dollar initially moved higher on Friday on weakness in the yen, which fell to a 2-week low today. Higher T-note yields on Friday also supported the dollar. The dollar also has carryover support from Wednesday when the FOMC raised interest rates by 25 bp and signaled another rate hike by the end of the year. The dollar fell from its best level after US
Dollar Gains on Yen Weakness and Higher T-note Yields
Wall Street's Favorite Safe Haven Could Be In Trouble. How Investors Should Play Gold Here.
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
#Friday #yields
1 hr. ago
The Ethereum (CRYPTO: ETH) cryptocurrency is up 5.8% at 2:17 p.m. ET, floating atop a broad surge across the crypto sector. It's the kind of day where you almost expect stablecoins to rise, as the U.S. Securities and Exchange Commission (SEC) moved one step closer to permitting token-based trading of stock-type securities.
And Ethereum would benefit directly if tokenized stocks ever get the SEC's final stamp of approval. The news is a day old, but traders needed time to process the situation after a tumultuous week in which the Clarity Act failed to move forward.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The SEC is allowing a new kind of venue to trade blockchain versions of regularly listed stocks without first registering as a stock exchange. It's temporary, it's capped, and it comes with strings attached.
This isn't retail investors buying tokenized stocks on a public blockchain tomorrow. It's explicitly a placeholder for further announcements. The tokenized securities venue (TSV) designation is essentially a bold but limited experiment.
#stocks #missed #investors
And Ethereum would benefit directly if tokenized stocks ever get the SEC's final stamp of approval. The news is a day old, but traders needed time to process the situation after a tumultuous week in which the Clarity Act failed to move forward.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The SEC is allowing a new kind of venue to trade blockchain versions of regularly listed stocks without first registering as a stock exchange. It's temporary, it's capped, and it comes with strings attached.
This isn't retail investors buying tokenized stocks on a public blockchain tomorrow. It's explicitly a placeholder for further announcements. The tokenized securities venue (TSV) designation is essentially a bold but limited experiment.
#stocks #missed #investors
1 hr. ago
Coinbase (COIN) shares moved meaningfully higher on Sept. 18 as Bitcoin (BTCUSD) recovered sharply, hitting an intraday high of more than $81,000. As COIN rallied on a sharp crypto market rebound, it soared past its 20-day moving average (MA) today, indicating that bullish momentum could sustain in the near term.
Versus the start of this year, Coinbase stock is still down about 15%.
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#sept
Versus the start of this year, Coinbase stock is still down about 15%.
Elon Musk, Who Became the World's First Trillionaire, Still Sleeps in a Tiny $50,000 House Where His Mom Uses the Garage — 'It's Kinda Awesome Though'
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#sept
2 hours ago
October Nymex natural gas (NGV26) on Friday closed up +0.011 (+0.38%).
Nat-gas prices recovered from a 1-week low on Friday and settled higher on some pre-weekend short covering. Nat-gas prices initially moved lower on Friday amid forecasts of cooler US weather, which could reduce nat-gas demand from electricity providers for air conditioning. The Commodity Weather Group said Friday that forecasts shifted cooler, with above-average temperatures now covering a smaller portion of the South and Southeast from September 23 to October 2.
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
Crude Prices Retreat on Hopes Middle East Energy Exports to Recover
Crude Prices Supported by Middle East Supply Disruptions
#prices #east #forecasts
Nat-gas prices recovered from a 1-week low on Friday and settled higher on some pre-weekend short covering. Nat-gas prices initially moved lower on Friday amid forecasts of cooler US weather, which could reduce nat-gas demand from electricity providers for air conditioning. The Commodity Weather Group said Friday that forecasts shifted cooler, with above-average temperatures now covering a smaller portion of the South and Southeast from September 23 to October 2.
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
Crude Prices Retreat on Hopes Middle East Energy Exports to Recover
Crude Prices Supported by Middle East Supply Disruptions
#prices #east #forecasts
7 hours ago
On August 10, Ferguson Enterprises Inc. (NYSE:FERG) reported results for the quarter ended June 30, and the numbers show a company growing straight through a soft housing market. Sales rose 4.6% to $8.8 billion, and management lifted its outlook for the full year. But profit grew more slowly than sales, and that gap is what makes this report worth a closer look.
The strongest engine was non-residential work, where US revenue jumped 8% on share gains in what management called a mixed market. Large capital projects are part of the story, with open order volumes growing and bidding activity strong, so there is a pipeline behind the current numbers. Housing, roughly half of revenue, is the weak spot. Yet residential sales still rose 2% in the US even though new construction is weak and repair work is soft, which means Ferguson is beating its markets rather than riding them.
Capital deployment is the second pillar. Ferguson closed five acquisitions in the quarter, and on July 13, it announced a deal for FWI Holdings, known as FloWorks, an industrial distributor of valves and flow-control products that is expected to close in the third quarter. The eight deals announced this year carry about $1.4 billion in annualized revenue, a second growth path alongside organic sales. Net debt sits at 1.3 times adjusted EBITDA, a level management calls strong. The company also returned cash, buying back $202 million of stock in the quarter and declaring a $0.89 dividend payable October 7 to holders of record on August 21. Management raised its full-year sales outlook to mid-single-digit growth, before counting FloWorks.
Start with the gap between sales and profit. Adjusted operating profit rose 2.9%, behind the 4.6% sales gain, and gross margin slipped 20 basis points to 31.0%. Ferguson notes that last year's gross margin was temporarily lifted by the timing of supplier price increases, which is fair context, but the direction is still down. Reported earnings per share of $3.43 rose 6.9%, while the adjusted figure of $3.39 grew a slower 5.3%.
Then there are the soft spots. About half of revenue comes from residential markets that management describes as subdued, so a 2% gain there is modest. Canada's sales slipped 1.9%, with a business divestment outweighing organic growth, and management calls the market there challenging, especially in residential. Management also describes the economic environment as uncertain, and the margin part of the guidance raise is small. The low end of the adjusted operating margin range moved from 9.4% to 9.5%, while the top stayed at 9.8%. The guidance also leaves out FloWorks, and net debt to adjusted EBITDA is 1.3 times, against 1.2 times a year ago.
#management
The strongest engine was non-residential work, where US revenue jumped 8% on share gains in what management called a mixed market. Large capital projects are part of the story, with open order volumes growing and bidding activity strong, so there is a pipeline behind the current numbers. Housing, roughly half of revenue, is the weak spot. Yet residential sales still rose 2% in the US even though new construction is weak and repair work is soft, which means Ferguson is beating its markets rather than riding them.
Capital deployment is the second pillar. Ferguson closed five acquisitions in the quarter, and on July 13, it announced a deal for FWI Holdings, known as FloWorks, an industrial distributor of valves and flow-control products that is expected to close in the third quarter. The eight deals announced this year carry about $1.4 billion in annualized revenue, a second growth path alongside organic sales. Net debt sits at 1.3 times adjusted EBITDA, a level management calls strong. The company also returned cash, buying back $202 million of stock in the quarter and declaring a $0.89 dividend payable October 7 to holders of record on August 21. Management raised its full-year sales outlook to mid-single-digit growth, before counting FloWorks.
Start with the gap between sales and profit. Adjusted operating profit rose 2.9%, behind the 4.6% sales gain, and gross margin slipped 20 basis points to 31.0%. Ferguson notes that last year's gross margin was temporarily lifted by the timing of supplier price increases, which is fair context, but the direction is still down. Reported earnings per share of $3.43 rose 6.9%, while the adjusted figure of $3.39 grew a slower 5.3%.
Then there are the soft spots. About half of revenue comes from residential markets that management describes as subdued, so a 2% gain there is modest. Canada's sales slipped 1.9%, with a business divestment outweighing organic growth, and management calls the market there challenging, especially in residential. Management also describes the economic environment as uncertain, and the margin part of the guidance raise is small. The low end of the adjusted operating margin range moved from 9.4% to 9.5%, while the top stayed at 9.8%. The guidance also leaves out FloWorks, and net debt to adjusted EBITDA is 1.3 times, against 1.2 times a year ago.
#management
10 hours ago
On September 17, shares of Marvell Technology, Inc. (NASDAQ:MRVL) and GLOBALFOUNDRIES Inc. (NASDAQ:GFS) moved sharply higher, with Marvell Technology, Inc. (NASDAQ:MRVL) gaining more than 4% and GLOBALFOUNDRIES Inc. (NASDAQ:GFS) rising more than 6% by the end of the trading session.
Reuters reported that the two companies have expanded their agreement to increase production capacity for silicon germanium (SiGe), a semiconductor technology used in high-speed optical connections for data centers. The multi-year agreement will expand capacity for GLOBALFOUNDRIES Inc.'s (NASDAQ:GFS) SiGe technology at its facility in Burlington, Vermont. SiGe allows semiconductor devices to operate at higher speeds while using less energy, making it increasingly important as data centers handle larger volumes of data.
Robb Johnson, Vice President, Foundry Technology at Marvell Technology, Inc. (NASDAQ:MRVL) said the expanded collaboration will help ensure that the company has the "SiGe technology and manufacturing capacity to support the significant growth" it expects ahead.
According to the report, the increased manufacturing capacity will help Marvell Technology, Inc. (NASDAQ:MRVL) meet growing demand for optical networking products, including pluggable optical transceivers, near-packaged optics, and co-packaged optics.
GlobalFoundries Is Seeing Strong SiGe Demand
#NASDAQ #globalfoundries #capacity #data
Reuters reported that the two companies have expanded their agreement to increase production capacity for silicon germanium (SiGe), a semiconductor technology used in high-speed optical connections for data centers. The multi-year agreement will expand capacity for GLOBALFOUNDRIES Inc.'s (NASDAQ:GFS) SiGe technology at its facility in Burlington, Vermont. SiGe allows semiconductor devices to operate at higher speeds while using less energy, making it increasingly important as data centers handle larger volumes of data.
Robb Johnson, Vice President, Foundry Technology at Marvell Technology, Inc. (NASDAQ:MRVL) said the expanded collaboration will help ensure that the company has the "SiGe technology and manufacturing capacity to support the significant growth" it expects ahead.
According to the report, the increased manufacturing capacity will help Marvell Technology, Inc. (NASDAQ:MRVL) meet growing demand for optical networking products, including pluggable optical transceivers, near-packaged optics, and co-packaged optics.
GlobalFoundries Is Seeing Strong SiGe Demand
#NASDAQ #globalfoundries #capacity #data
11 hours ago
Bitcoin's most violent rally of its two-year drawdown wasn't powered by fresh bullish bets. It was powered by bears getting crushed, according to a new report from ******* ytics firm Glassnode and crypto exchange Bybit.
Over five days in August, Bitcoin climbed 24.6% even as coin-denominated open interest, a measure of active leverage, fell 12.6%, the report found. That combination is the tell: rather than traders piling into new long positions, the move ran on the forced unwinding of existing shorts.
Roughly 64,000 BTC worth of open interest was closed out, and short positions supplied 89% of every liquidated dollar during the stretch.
The options market told the same story. Puts, the contracts traders buy to protect against a fall, had priced richer than calls for 361 straight days. A single session ended that run, flipping roughly a year of downside positioning as the market scrambled to reprice.
Bybit's own volatility index traveled four times its normal daily range in one session, and the front of the futures curve repriced sharply while longer-dated contracts barely moved, a sign the market read the move as a one-off event rather than a lasting regime change.
#interest
Over five days in August, Bitcoin climbed 24.6% even as coin-denominated open interest, a measure of active leverage, fell 12.6%, the report found. That combination is the tell: rather than traders piling into new long positions, the move ran on the forced unwinding of existing shorts.
Roughly 64,000 BTC worth of open interest was closed out, and short positions supplied 89% of every liquidated dollar during the stretch.
The options market told the same story. Puts, the contracts traders buy to protect against a fall, had priced richer than calls for 361 straight days. A single session ended that run, flipping roughly a year of downside positioning as the market scrambled to reprice.
Bybit's own volatility index traveled four times its normal daily range in one session, and the front of the futures curve repriced sharply while longer-dated contracts barely moved, a sign the market read the move as a one-off event rather than a lasting regime change.
#interest
14 hours ago
George Kamel argues paying $115,000 into Social Security over a career costs workers roughly $2 million in foregone investment returns at a 10% return.
The 2026 Trustees Report moved Social Security's projected depletion date to 2032, forecasting a 22% benefit cut averaging $500 per month for retirees.
Kamel's comparison ignores that Social Security includes inflation adjustments, disability coverage, and lifetime income that a brokerage account cannot replicate.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Personal finance personality George Kamel recently ran the numbers on Social Security and reached a conclusion designed to grab attention: "all those years of paying into Social Security cost you about $2 million". If you are at or near retirement, that framing is either clarifying or terrifying. The stakes are real. Millions of households will lean on this program for most of their retirement income, and the 2026 Trustees Reports have changed the timeline everyone is working with.
#Social #trustees #million
The 2026 Trustees Report moved Social Security's projected depletion date to 2032, forecasting a 22% benefit cut averaging $500 per month for retirees.
Kamel's comparison ignores that Social Security includes inflation adjustments, disability coverage, and lifetime income that a brokerage account cannot replicate.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Personal finance personality George Kamel recently ran the numbers on Social Security and reached a conclusion designed to grab attention: "all those years of paying into Social Security cost you about $2 million". If you are at or near retirement, that framing is either clarifying or terrifying. The stakes are real. Millions of households will lean on this program for most of their retirement income, and the 2026 Trustees Reports have changed the timeline everyone is working with.
#Social #trustees #million
20 hours ago
An anonymous trader known only by their wallet address 0x3bca had their $7.19 million short position on the S&P 500 fully liquidated on Hyperliquid as the broader market rebounded on Wednesday. The liquidation was tracked via onchain data on Hypurrscan.
A short position is a trade that profits when an ***** et's price falls. The trader was betting the S&P 500 would decline, and when it moved in the opposite direction, the position was forcibly closed at a loss.
Related: Kevin O'Leary has a warning on Washington's tax plans
Liquidation happens when a leveraged trade moves far enough against the trader that the exchange automatically closes it to prevent further losses. Hyperliquid is a decentralized exchange that lets users trade perpetual contracts, derivatives that track an ***** et's price without an expiration date, on crypto, equities and commodities.
The Hypurrscan data shows the wallet held a total portfolio value of roughly $7.85 million at the time, with exposure to S&P 500, XYZ100, BTC and gold contracts. The transaction history reveals a flurry of activity in the seconds surrounding the liquidation, including multiple "Close Long" orders on Robinhood stock (xyz:HOOD) at $109.48 and fresh "Open Long" positions on BTC at approximately $76,568.
#trader #position #hyperliquid #short
A short position is a trade that profits when an ***** et's price falls. The trader was betting the S&P 500 would decline, and when it moved in the opposite direction, the position was forcibly closed at a loss.
Related: Kevin O'Leary has a warning on Washington's tax plans
Liquidation happens when a leveraged trade moves far enough against the trader that the exchange automatically closes it to prevent further losses. Hyperliquid is a decentralized exchange that lets users trade perpetual contracts, derivatives that track an ***** et's price without an expiration date, on crypto, equities and commodities.
The Hypurrscan data shows the wallet held a total portfolio value of roughly $7.85 million at the time, with exposure to S&P 500, XYZ100, BTC and gold contracts. The transaction history reveals a flurry of activity in the seconds surrounding the liquidation, including multiple "Close Long" orders on Robinhood stock (xyz:HOOD) at $109.48 and fresh "Open Long" positions on BTC at approximately $76,568.
#trader #position #hyperliquid #short
20 hours ago
Interested in Capital One Financial Corporation? Here are five stocks we like better.
Consumer credit remains resilient: Capital One reported strong spending, stable delinquencies and better-than-seasonal charge-offs, including among lower-income customers in its portfolio. Auto lending is also growing while the company maintains underwriting and margin standards.
Discover integration is progressing toward 2027 completion: New Discover card originations have moved to Capital One's platform, with the existing portfolio conversion expected to finish in January 2027 and broader integration substantially complete by mid-2027. Capital One has achieved about one-third of its targeted $1.5 billion in operating-expense synergies.
Capital One is expanding beyond lending: The company sees Brex as a strategic commercial-payments platform and plans to leverage its technology, marketing reach and small-business customer base. With a 13.7% common equity tier 1 ratio, management says it can fund investments while maintaining conservative capital and shareholder returns.
These 4 Earnings Reports Expose the Market's Growing Economic Divide
#company #integration #interested
Consumer credit remains resilient: Capital One reported strong spending, stable delinquencies and better-than-seasonal charge-offs, including among lower-income customers in its portfolio. Auto lending is also growing while the company maintains underwriting and margin standards.
Discover integration is progressing toward 2027 completion: New Discover card originations have moved to Capital One's platform, with the existing portfolio conversion expected to finish in January 2027 and broader integration substantially complete by mid-2027. Capital One has achieved about one-third of its targeted $1.5 billion in operating-expense synergies.
Capital One is expanding beyond lending: The company sees Brex as a strategic commercial-payments platform and plans to leverage its technology, marketing reach and small-business customer base. With a 13.7% common equity tier 1 ratio, management says it can fund investments while maintaining conservative capital and shareholder returns.
These 4 Earnings Reports Expose the Market's Growing Economic Divide
#company #integration #interested
21 hours ago
XRP ranks last for Q4 after the CLARITY Act's Senate failure removed every legislative catalyst and invalidated year-end targets built around the bill.
Ethereum leads the Q4 outlook as the only coin carrying a dated technical upgrade still on the calendar, edging out Bitcoin and crushing XRP.
Bitcoin reclaiming $80,000 before the November midterms is the single falsifiable trigger that tightens the base scenario for all three coins.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
The U.S. Senate voted 49-50 against advancing the CLARITY Act on September 15, falling eleven votes short of the 60 needed to end debate. The defeat leaves crypto's market-structure rules in the hands of the SEC and CFTC rather than Congress, at least for the remainder of 2026.
#senate #learn #september
Ethereum leads the Q4 outlook as the only coin carrying a dated technical upgrade still on the calendar, edging out Bitcoin and crushing XRP.
Bitcoin reclaiming $80,000 before the November midterms is the single falsifiable trigger that tightens the base scenario for all three coins.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
The U.S. Senate voted 49-50 against advancing the CLARITY Act on September 15, falling eleven votes short of the 60 needed to end debate. The defeat leaves crypto's market-structure rules in the hands of the SEC and CFTC rather than Congress, at least for the remainder of 2026.
#senate #learn #september
21 hours ago
GE Aerospace's $11.75 billion purchase of Consolidated Precision Products, announced September 8, is billed as fixing the castings bottleneck behind the company's $170 billion services backlog and a spare-parts delinquency rate that grew 20% sequentially in the second quarter.
The deal will not close until the second half of 2027, covers roughly a quarter of GE's airfoil needs, and CFO Rahul Ghai has told investors twice this month that "broad vertical integration is not the solution," calling CPP a "unique situation."
Sell-side price targets jumped hard after the announcement, with the mean target rising from $350.95 on June 30 to $401.00 by September 16, pushing the target-to-price ratio to 128.2%, the widest gap in over a year.
Over that same window, GE's share price fell from $373.73 to $312.90 and its NTM P/E multiple compressed to 37.16x, below its own two-year average of 39.31x and well off the roughly 50x peak reached a year earlier, even as consensus EPS estimates kept climbing smoothly through 2030 with no visible step-up.
GE Aerospace's (GE) own numbers make the case for urgency. Services backlog sits near $170 billion, internal shop visit capacity is running 40% oversubscribed, and spare-parts delinquency, shipments delayed by material shortages, grew 20% sequentially in the second quarter even as revenue rose. Management has said engines removed but not yet inducted into shops are up 60% year over year. That is the backdrop against which GE agreed to buy CPP, the world's third-largest maker of precision castings used in turbine blades and vanes.
#year #billion
The deal will not close until the second half of 2027, covers roughly a quarter of GE's airfoil needs, and CFO Rahul Ghai has told investors twice this month that "broad vertical integration is not the solution," calling CPP a "unique situation."
Sell-side price targets jumped hard after the announcement, with the mean target rising from $350.95 on June 30 to $401.00 by September 16, pushing the target-to-price ratio to 128.2%, the widest gap in over a year.
Over that same window, GE's share price fell from $373.73 to $312.90 and its NTM P/E multiple compressed to 37.16x, below its own two-year average of 39.31x and well off the roughly 50x peak reached a year earlier, even as consensus EPS estimates kept climbing smoothly through 2030 with no visible step-up.
GE Aerospace's (GE) own numbers make the case for urgency. Services backlog sits near $170 billion, internal shop visit capacity is running 40% oversubscribed, and spare-parts delinquency, shipments delayed by material shortages, grew 20% sequentially in the second quarter even as revenue rose. Management has said engines removed but not yet inducted into shops are up 60% year over year. That is the backdrop against which GE agreed to buy CPP, the world's third-largest maker of precision castings used in turbine blades and vanes.
#year #billion
21 hours ago
Coinbase (COIN) dropped sharply when the CLARITY Act failed its Senate vote as Bitcoin barely moved, proving the bill served exchanges, not the coin.
Circle (CRCL) sold off alongside COIN while Polymarket prices Bitcoin reaching $95,000 by December at just 26%, well below Wall Street's bullish targets.
Grok flags October's Fed hike as Bitcoin's real gate, arguing that if it proves to be the last, returning ETF inflows could bring $100,000 within reach as a stretch target.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Coinbase (NASDAQ:COIN) and Circle (NYSE:CRCL) both fell sharply after the September 15 Senate cloture vote failed to advance the CLARITY Act, while Bitcoin (CRYPTO:BTC) barely moved.
#Coinbase #circle
Circle (CRCL) sold off alongside COIN while Polymarket prices Bitcoin reaching $95,000 by December at just 26%, well below Wall Street's bullish targets.
Grok flags October's Fed hike as Bitcoin's real gate, arguing that if it proves to be the last, returning ETF inflows could bring $100,000 within reach as a stretch target.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Coinbase (NASDAQ:COIN) and Circle (NYSE:CRCL) both fell sharply after the September 15 Senate cloture vote failed to advance the CLARITY Act, while Bitcoin (CRYPTO:BTC) barely moved.
#Coinbase #circle
22 hours ago
Palantir Technologies (Nasdaq: PLTR) and Rocket Lab Corporation (Nasdaq: RKLB) are among the biggest climbers in the Roundtable 100 this week.
While Palantir climbed 30 places to No. 33, Rocket Lab rose 34 places to No. 45.
Published with TheStreet, the Roundtable 100 ranks 100 publicly traded technology growth ****** ets. The Blue Ribbon Committee ****** ysts score each ****** et on team, safety, value, innovation and market dominance, with the average forming its power ranking.
Committee member Sam Badawi said the ****** ysts moved Palantir from No. 67 to No. 33 after the AI giant's revenue growth accelerated from 85% to 93% year over year and adjusted operating margin widened to 62%.
"This continues to strengthen through AIP, Foundry, and the Ontology, which are becoming deeply embedded into mission-critical government and enterprise workflows," he remarked.
#NASDAQ #rocket #places #technologies
While Palantir climbed 30 places to No. 33, Rocket Lab rose 34 places to No. 45.
Published with TheStreet, the Roundtable 100 ranks 100 publicly traded technology growth ****** ets. The Blue Ribbon Committee ****** ysts score each ****** et on team, safety, value, innovation and market dominance, with the average forming its power ranking.
Committee member Sam Badawi said the ****** ysts moved Palantir from No. 67 to No. 33 after the AI giant's revenue growth accelerated from 85% to 93% year over year and adjusted operating margin widened to 62%.
"This continues to strengthen through AIP, Foundry, and the Ontology, which are becoming deeply embedded into mission-critical government and enterprise workflows," he remarked.
#NASDAQ #rocket #places #technologies
22 hours ago
Michael Burry is back to short selling.
The investor who bet against the U.S. housing market to become one of Wall Street's most renowned contrarians will serve as a senior adviser to Minerva Investment Management as the business prepares to establish a short-biased investment vehicle.
The decision comes less than a year after Burry liquidated Scion ******* et Management, the hedge fund where he handled his ******* ets.
Scion's regulatory registration was terminated in November 2025, Reuters confirmed. The firm had managed about $155 million as of March of that year.
Later, Burry moved most of his public market ******* ysis inside his paid "Cassandra Unchained" newsletter.
#michael #wall
The investor who bet against the U.S. housing market to become one of Wall Street's most renowned contrarians will serve as a senior adviser to Minerva Investment Management as the business prepares to establish a short-biased investment vehicle.
The decision comes less than a year after Burry liquidated Scion ******* et Management, the hedge fund where he handled his ******* ets.
Scion's regulatory registration was terminated in November 2025, Reuters confirmed. The firm had managed about $155 million as of March of that year.
Later, Burry moved most of his public market ******* ysis inside his paid "Cassandra Unchained" newsletter.
#michael #wall
24 hours ago
On September 9, 2026, Academy Sports and Outdoors, Inc. (NASDAQ:ASO) posted second-quarter results for the period ended August 1, 2026. Net sales rose 3.0% to $1.65 billion, adjusted earnings per share climbed 19.1% to $2.31 from $1.94, and gross margin widened 440 basis points to 40.4%. Management lifted full-year adjusted EPS guidance to $6.50 to $6.90 and gross margin guidance to 35.5% to 36.0%. What the quarter did not deliver was a positive comp, which fell 0.4%.
Telsey Advisory came away seeing nothing that changes the thesis, calling the risk-reward attractive and pushing its target on Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to $63 from $60 while staying at Outperform.
Wells Fargo's Ike Boruchow described himself as cautiously optimistic at current levels, arguing that both the quarter itself and management's forward commentary delivered upside surprise; his target moved to $55 from $50, though the rating stayed Equal Weight.
Barclays **** yst Adrienne Yih focused on the fact that Academy Sports and Outdoors, Inc. (NASDAQ:ASO) held its fiscal 2026 sales and comp guidance despite a tougher consumer backdrop and sequential demand deceleration, lifting her target to $53 from $50 at Equal Weight.
Supporting the case: e-commerce sales grew 12.8%, Sports and Recreation rose 6%, myAcademy loyalty membership passed 15 million, and the company raised adjusted free cash flow guidance to $300 million to $350 million after repurchasing $182.1 million of stock in the first half.
#sports #guidance #sales #target
Telsey Advisory came away seeing nothing that changes the thesis, calling the risk-reward attractive and pushing its target on Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to $63 from $60 while staying at Outperform.
Wells Fargo's Ike Boruchow described himself as cautiously optimistic at current levels, arguing that both the quarter itself and management's forward commentary delivered upside surprise; his target moved to $55 from $50, though the rating stayed Equal Weight.
Barclays **** yst Adrienne Yih focused on the fact that Academy Sports and Outdoors, Inc. (NASDAQ:ASO) held its fiscal 2026 sales and comp guidance despite a tougher consumer backdrop and sequential demand deceleration, lifting her target to $53 from $50 at Equal Weight.
Supporting the case: e-commerce sales grew 12.8%, Sports and Recreation rose 6%, myAcademy loyalty membership passed 15 million, and the company raised adjusted free cash flow guidance to $300 million to $350 million after repurchasing $182.1 million of stock in the first half.
#sports #guidance #sales #target
1 day ago
On September 2, 2026, Snowflake Inc. (NYSE:SNOW) reported second-quarter fiscal 2027 results for the period ended July 31, 2026. Revenue rose 35% to $1.55 billion against a $1.48 billion consensus, product revenue grew 37% to $1.49 billion, and adjusted earnings came in at $0.62 per share versus the $0.45 ******* ysts expected. Management raised full-year product revenue guidance to $6.07 billion from $5.84 billion. Shares surged more than 20% in extended trading, and within 48 hours eight firms had rewritten their models.
The size of the target revisions tells the story.
Argus ******* yst Joseph Bonner moved to $450 from $300, keeping a Buy rating and arguing that new AI products are driving sales, customer conversion, and retention while Snowflake Inc. (NYSE:SNOW) grows well above management's 30% north star target with expanding margins.
Goldman Sachs also went to $436 from $300, noting product revenue landed 5% above the Street and EBIT margins 270 basis points ahead, and said the stock reaction reflects a setup where estimates keep moving higher over the next 18 months.
JPMorgan lifted its target to $426 from $285 on a third straight quarter of product revenue acceleration, while Raymond James ******* yst Adam Tindle went to $425 from $275, framing Snowflake Inc. (NYSE:SNOW) as an AI-native control plane for enterprise workflows beyond ******* ytics.
#target
The size of the target revisions tells the story.
Argus ******* yst Joseph Bonner moved to $450 from $300, keeping a Buy rating and arguing that new AI products are driving sales, customer conversion, and retention while Snowflake Inc. (NYSE:SNOW) grows well above management's 30% north star target with expanding margins.
Goldman Sachs also went to $436 from $300, noting product revenue landed 5% above the Street and EBIT margins 270 basis points ahead, and said the stock reaction reflects a setup where estimates keep moving higher over the next 18 months.
JPMorgan lifted its target to $426 from $285 on a third straight quarter of product revenue acceleration, while Raymond James ******* yst Adam Tindle went to $425 from $275, framing Snowflake Inc. (NYSE:SNOW) as an AI-native control plane for enterprise workflows beyond ******* ytics.
#target
1 day ago
Logistic Properties of the Americas (NYSEAMERICAN:LPA) moved closer to selling Parque Logístico Lima Sur after Peru's antitrust authority, INDECOPI, approved the transaction on September 11. FIBRA Prime would acquire the entire 1.3-million-square-foot logistics park for $145 million. Customary administrative closing matters remain outstanding.
Management expects approximately $85 million of net proceeds after debt repayment and before taxes, with Mexico the intended destination. Approval advances the financing of that expansion, while the investment case rests on replacing an established income stream.
Lima Sur generated $10.3 million of cash net operating income, or cash NOI, during the 12 months ended March 31, 2026. Cash NOI is a company-defined non-IFRS measure of property income after operating expenses, adjusted to remove straight-line rental accounting. It excludes corporate overhead, financing costs, income taxes, and other non-property items.
Logistic Properties of the Americas (NYSEAMERICAN:LPA) has demonstrated an ability to develop, lease and operate logistics ***** ets. Second-quarter revenue increased 26.1% to $14.7 million, while stabilized portfolio occupancy reached 100% as of June 30.
Mexico already contributes revenue. Two properties acquired in Puebla in August 2025 generated approximately $0.5 million during the second quarter. That provides an operating foothold for deploying proceeds.
#cash #logistic #nyseamerican #Mexico
Management expects approximately $85 million of net proceeds after debt repayment and before taxes, with Mexico the intended destination. Approval advances the financing of that expansion, while the investment case rests on replacing an established income stream.
Lima Sur generated $10.3 million of cash net operating income, or cash NOI, during the 12 months ended March 31, 2026. Cash NOI is a company-defined non-IFRS measure of property income after operating expenses, adjusted to remove straight-line rental accounting. It excludes corporate overhead, financing costs, income taxes, and other non-property items.
Logistic Properties of the Americas (NYSEAMERICAN:LPA) has demonstrated an ability to develop, lease and operate logistics ***** ets. Second-quarter revenue increased 26.1% to $14.7 million, while stabilized portfolio occupancy reached 100% as of June 30.
Mexico already contributes revenue. Two properties acquired in Puebla in August 2025 generated approximately $0.5 million during the second quarter. That provides an operating foothold for deploying proceeds.
#cash #logistic #nyseamerican #Mexico
2 days ago
Seagate Technology Holdings plc (NASDAQ:STX) announced on September 9 that its subsidiary, Seagate HDD Cayman, completed the redemption and exchange of its remaining 3.50% exchangeable senior notes due 2028 on September 8. Approximately $150.7 million of principal was retired through a settlement involving approximately $150.97 million in cash and 1,647,862 ordinary shares.
For notes submitted for exchange, principal was paid in cash, and the exchange obligation above principal was settled in shares, with cash for fractional shares where applicable. The share delivery therefore satisfied an existing contractual obligation.
Seagate Technology Holdings plc (NASDAQ:STX) has removed a 2028 maturity and the remaining settlement uncertainty attached to this instrument. Based on the approximately $150.7 million principal balance and 3.50% coupon, the transaction eliminates roughly $5.3 million of annual stated interest. That is a calculated annualized saving before taxes and any interest income lost on the cash used.
Recent cash generation supports the ability to absorb the payment. As of July 3, 2026, Seagate Technology Holdings plc (NASDAQ:STX) reported $1.704 billion in cash and cash equivalents. Fiscal fourth-quarter free cash flow was $1.118 billion. This company-defined non-GAAP measure is operating cash flow less acquisitions of property, equipment, and leasehold improvements.
The settlement cash payment equals approximately 8.9% of that reported cash balance. Although the July figure predates settlement, it provides a useful measure of the transaction's scale.
#technology #million #exchange
For notes submitted for exchange, principal was paid in cash, and the exchange obligation above principal was settled in shares, with cash for fractional shares where applicable. The share delivery therefore satisfied an existing contractual obligation.
Seagate Technology Holdings plc (NASDAQ:STX) has removed a 2028 maturity and the remaining settlement uncertainty attached to this instrument. Based on the approximately $150.7 million principal balance and 3.50% coupon, the transaction eliminates roughly $5.3 million of annual stated interest. That is a calculated annualized saving before taxes and any interest income lost on the cash used.
Recent cash generation supports the ability to absorb the payment. As of July 3, 2026, Seagate Technology Holdings plc (NASDAQ:STX) reported $1.704 billion in cash and cash equivalents. Fiscal fourth-quarter free cash flow was $1.118 billion. This company-defined non-GAAP measure is operating cash flow less acquisitions of property, equipment, and leasehold improvements.
The settlement cash payment equals approximately 8.9% of that reported cash balance. Although the July figure predates settlement, it provides a useful measure of the transaction's scale.
#technology #million #exchange
2 days ago
Stocks slid Wednesday afternoon after Federal Reserve Chair Kevin Warsh followed the central bank's first rate hike in three years with a press conference that hinted it wouldn't be the last.
The S&P 500 dropped 1%, heading toward its lowest close since July. The Dow Jones Industrial Average fell 1.7%, or more than 700 points, with financial shares leading the decline. The Nasdaq Composite fell 0.8%. The 10-year Treasury yield held near 5% a day after touching its highest level since 2007, and the dollar index climbed 0.6% to its strongest since late July.
Markets had priced in the quarter-point increase itself and initially took it in stride. All three indexes were higher before the 2 p.m. decision. The selling started during the press conference.
Warsh was on a tightrope going in. The question was whether he'd frame the hike as a one-off adjustment—which risked the bond market reading it as too little to deter inflation—or as the start of a longer cycle. He did neither, and instead went in a more hawkish direction. "I would be hard pressed to describe broad financial conditions as restrictive," he said in his opening remarks. "This view was widely shared by the committee, so we removed a dose of accommodation."
That's a new way of describing a rate hike, and one investors aren't used to. Under his predecessor, Jerome Powell, the Fed called policy "modestly restrictive," meaning rates were already high enough to slow the economy. Warsh was saying that at 3.5%–3.75%, they weren't—and by implication, one quarter point may not have gotten them there either. Asked directly, he declined to say whether policy is restrictive now.
#hike #press
The S&P 500 dropped 1%, heading toward its lowest close since July. The Dow Jones Industrial Average fell 1.7%, or more than 700 points, with financial shares leading the decline. The Nasdaq Composite fell 0.8%. The 10-year Treasury yield held near 5% a day after touching its highest level since 2007, and the dollar index climbed 0.6% to its strongest since late July.
Markets had priced in the quarter-point increase itself and initially took it in stride. All three indexes were higher before the 2 p.m. decision. The selling started during the press conference.
Warsh was on a tightrope going in. The question was whether he'd frame the hike as a one-off adjustment—which risked the bond market reading it as too little to deter inflation—or as the start of a longer cycle. He did neither, and instead went in a more hawkish direction. "I would be hard pressed to describe broad financial conditions as restrictive," he said in his opening remarks. "This view was widely shared by the committee, so we removed a dose of accommodation."
That's a new way of describing a rate hike, and one investors aren't used to. Under his predecessor, Jerome Powell, the Fed called policy "modestly restrictive," meaning rates were already high enough to slow the economy. Warsh was saying that at 3.5%–3.75%, they weren't—and by implication, one quarter point may not have gotten them there either. Asked directly, he declined to say whether policy is restrictive now.
#hike #press
2 days ago
Grab Holdings (NASDAQ:GRAB), a super-app for ride-hailing, deliveries, and digital financial services, closed at $2.87, down 1.37%. The stock moved after Grab announced a $1.49 billion cash deal for a 60% stake in Atome Financial. Investors are watching the financial services expansion and consumer lending reach looking ahead. Trading volume reached 82.1M shares, coming in about 72% above its three-month average of 47.6M shares. Grab Holdings IPO'd in 2020 and has fallen 76% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.43% to 7,553, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978. Among ride-hailing, delivery, and consumer fintech platforms, Uber Technologies (NYSE:UBER) closed at $71.01, down 0.59%, while Lyft (NASDAQ:LYFT) finished at $15.69, unchanged, as mobility peers remained in focus.
Grab, the Southeast Asian delivery, mobility, and financial services upstart, continues to show it intends to become the leading "superapp" in its niche after acquiring 60% of Atome Financial for $1.49 billion today. Prior to the deal, Grab held over $6 billion in cash versus minimal debt, so the deal shouldn't be a funding problem by any means.
Atome Financial operates in five of Grab's six markets and brings over 25 million unique transacting users, helping to beef up the latter's fintech offerings. Atome has seen its gross merchandise volume grow ninefold over the last six years and is profitable on an adjusted EBITDA basis.
As of 2024, merely 5% of Southeast Asian adults owned a credit card and only 14% had borrowed from a financial institution, so the potential here for Grab could be massive if they execute successfully upon this opportunity.
#billion #deal #lyft
The S&P 500 (SNPINDEX:^GSPC) fell 0.43% to 7,553, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978. Among ride-hailing, delivery, and consumer fintech platforms, Uber Technologies (NYSE:UBER) closed at $71.01, down 0.59%, while Lyft (NASDAQ:LYFT) finished at $15.69, unchanged, as mobility peers remained in focus.
Grab, the Southeast Asian delivery, mobility, and financial services upstart, continues to show it intends to become the leading "superapp" in its niche after acquiring 60% of Atome Financial for $1.49 billion today. Prior to the deal, Grab held over $6 billion in cash versus minimal debt, so the deal shouldn't be a funding problem by any means.
Atome Financial operates in five of Grab's six markets and brings over 25 million unique transacting users, helping to beef up the latter's fintech offerings. Atome has seen its gross merchandise volume grow ninefold over the last six years and is profitable on an adjusted EBITDA basis.
As of 2024, merely 5% of Southeast Asian adults owned a credit card and only 14% had borrowed from a financial institution, so the potential here for Grab could be massive if they execute successfully upon this opportunity.
#billion #deal #lyft
2 days ago
Peter Hungerford has six weeks to save a Rochester investment that shares his name.
An auction for Rochester's "Hungerford Building" — named for a distant relative of the Staten Island real estate investor — has been scheduled for Oct. 29. The lender filed a foreclosure case in September 2025 and has moved to take the building.
Hungerford says the sale won't happen. He said he's working on securing a construction loan to pay off the debt on the building.
Hungerford first made headlines for his bullish take on rent-stabilized properties in New York City and his involvement with the Haruvi real estate family.
A Hungerford affiliate took out an $8.25 million loan on the building in 2022 from a lender ****** ociated with Sheridan Capital. The plan was to add 200 apartments to the four-story former industrial building.
#estate #take #loan
An auction for Rochester's "Hungerford Building" — named for a distant relative of the Staten Island real estate investor — has been scheduled for Oct. 29. The lender filed a foreclosure case in September 2025 and has moved to take the building.
Hungerford says the sale won't happen. He said he's working on securing a construction loan to pay off the debt on the building.
Hungerford first made headlines for his bullish take on rent-stabilized properties in New York City and his involvement with the Haruvi real estate family.
A Hungerford affiliate took out an $8.25 million loan on the building in 2022 from a lender ****** ociated with Sheridan Capital. The plan was to add 200 apartments to the four-story former industrial building.
#estate #take #loan
2 days ago
Lululemon fell 18% after Meghan Frank delivered a second guidance cut, dropping the full-year EPS outlook to roughly $9.60 from last year's $13.26.
Nike fell 10% and On Holding dropped 14% over the same month, suggesting athletic-apparel sector headwinds extend well beyond Lululemon alone.
An 86-cent tariff refund inflated Q2 EPS but won't recur, making Lululemon's reported profit look cleaner than the challenge facing incoming CEO Heidi O'Neill.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Lululemon didn't make the cut. Enter your email to see the names that beat LULU. The report is free. Enter your email and see if any of your stocks made the cut.
Lululemon Athletica (NASDAQ:LULU) stock is under sustained pressure after a September earnings update that lowered management's outlook for the year. Retail broadly softened alongside it, and the broad market held up better, which frames the question of how much of the damage is company-specific and how much is sector-wide. Peer moves are part of that same picture, since athletic-apparel names moved lower together across the past month.
#lululemon #enter #outlook
Nike fell 10% and On Holding dropped 14% over the same month, suggesting athletic-apparel sector headwinds extend well beyond Lululemon alone.
An 86-cent tariff refund inflated Q2 EPS but won't recur, making Lululemon's reported profit look cleaner than the challenge facing incoming CEO Heidi O'Neill.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Lululemon didn't make the cut. Enter your email to see the names that beat LULU. The report is free. Enter your email and see if any of your stocks made the cut.
Lululemon Athletica (NASDAQ:LULU) stock is under sustained pressure after a September earnings update that lowered management's outlook for the year. Retail broadly softened alongside it, and the broad market held up better, which frames the question of how much of the damage is company-specific and how much is sector-wide. Peer moves are part of that same picture, since athletic-apparel names moved lower together across the past month.
#lululemon #enter #outlook
2 days ago
GE Aerospace (GE) has more engine work booked than it can currently perform, and that visibility is much of why people own the shares. The option chain does not treat the stock as settled. At about $307, contracts running twelve months out carry a band from near $216.93 to near $434.6, with roughly a two-in-three chance the stock finishes inside it.
Read that band as money. The ceiling near $434.6 sits about 41.5% above today's price, and the floor near $216.93 sits about 29.4% below it. Whatever money you have in GE, the options market prices about $90 of every $307 coming off, or about $128 going on, inside twelve months.
The two distances are not equal. A share price cannot fall below zero while nothing caps the upside, so the ceiling always sits further out than the floor. That is arithmetic rather than a view on GE.
The floor is the half worth sitting with. Near $216.93, it is well below $272.91, the lowest GE has traded in the past 52 weeks. The chain is not forecasting that price. It prices twelve months as long enough to reach it.
A range is only wide relative to something. The stock's realized volatility over the trailing year, meaning how far it has actually moved, was 33.2%, and the options quote 34.6%. The market is charging about what this stock already delivers.
#near #sits #floor #band
Read that band as money. The ceiling near $434.6 sits about 41.5% above today's price, and the floor near $216.93 sits about 29.4% below it. Whatever money you have in GE, the options market prices about $90 of every $307 coming off, or about $128 going on, inside twelve months.
The two distances are not equal. A share price cannot fall below zero while nothing caps the upside, so the ceiling always sits further out than the floor. That is arithmetic rather than a view on GE.
The floor is the half worth sitting with. Near $216.93, it is well below $272.91, the lowest GE has traded in the past 52 weeks. The chain is not forecasting that price. It prices twelve months as long enough to reach it.
A range is only wide relative to something. The stock's realized volatility over the trailing year, meaning how far it has actually moved, was 33.2%, and the options quote 34.6%. The market is charging about what this stock already delivers.
#near #sits #floor #band
2 days ago
U.S. diesel prices have moved into record territory. The national average price of diesel climbed to a record $6.23 per gallon on Sept. 14, after first breaking above the $6 threshold last week. And diesel is hitting new highs again today at around $6.31. According to AAA data, the national average diesel price reached about $6.05 per gallon on Sept. 11, 2026, surpassing the previous record established in June 2022. The latest price is roughly 68% higher than the level of about $3.71 per gallon a year ago, highlighting the extraordinary speed of the rally.
The surge is being driven by a global shortage of refined petroleum products rather than crude oil alone. Disruptions to Middle Eastern energy infrastructure, sharply reduced traffic through the Strait of Hormuz, and attacks on Russian refineries have reduced the availability of diesel and other middle distillates. The situation has become serious enough that diesel prices are now adding to broader inflation concerns while simultaneously creating a potentially attractive environment for U.S. refiners.
Crude Oil Prices Sharply Lower as Middle East Disruptions Ease
Crude Oil Prices Retreat as Supply Fears Ease
Why UBS Just Turned Bearish on NuScale Power Stock
#Diesel
The surge is being driven by a global shortage of refined petroleum products rather than crude oil alone. Disruptions to Middle Eastern energy infrastructure, sharply reduced traffic through the Strait of Hormuz, and attacks on Russian refineries have reduced the availability of diesel and other middle distillates. The situation has become serious enough that diesel prices are now adding to broader inflation concerns while simultaneously creating a potentially attractive environment for U.S. refiners.
Crude Oil Prices Sharply Lower as Middle East Disruptions Ease
Crude Oil Prices Retreat as Supply Fears Ease
Why UBS Just Turned Bearish on NuScale Power Stock
#Diesel
2 days ago
On August 25, Aptiv (NYSE:APTV) said it will support NVIDIA's newly announced Jetson Orin Nano 2 processor, extending a partnership that already covers the more powerful Jetson Thor platform. The move puts Aptiv squarely inside the buildout of "physical AI," the term for machines like drones, robots, and industrial systems that need to sense and react to the real world in real time. For a company still just months removed from spinning off its electrical distribution business, betting on edge robotics is a statement about where it thinks the next decade of growth actually lives.
NVIDIA's Jetson Orin Nano 2 packs 78 TOPS of processing power into an 8GB, 8-core Arm chip that doubles the inference speed of its predecessor while cutting power draw by 40% at equivalent performance. That kind of efficiency gain matters for battery-powered devices like delivery drones and mobile robots, where every watt saved extends run time. Aptiv isn't just supplying compute support; it is layering in its PULSE surround-view camera and radar system for 360-degree sensing, its Gen 8 radar for object detection in tough conditions, and Wind River software to handle the unglamorous but essential work of long-term maintenance and security updates. That full-stack approach is the pitch: instead of stitching together sensors, chips, and software from separate vendors, customers get one partner who can carry a device from prototype to a fleet running in the field.
The timing lines up with what Aptiv reported in its second-quarter results on August 4, 2026. Revenue reached $3.3 billion, up 2%, while adjusted EBITDA climbed to $613 million from $547 million a year earlier, pushing margins to 18.7% from 17.1%. CEO Kevin Clark pointed to double-digit growth in non-automotive revenue, progress moving robotics from partnership talks to actual commercial deployments, and a major drone industry win secured in early July. North America sales rose 10% and Asia Pacific grew 6%, including 5% growth in China, giving the company some geographic momentum to lean on as it chases this new business line.
The quarter wasn't clean underneath the headline numbers. Free cash flow came in at just $12 million in the second quarter, down from $219 million a year earlier, and the first half of 2026 actually posted negative free cash flow of $196 million versus a positive $264 million a year ago. Operating cash flow from continuing operations fell to $82 million for the first half, down sharply from $531 million. Management also flagged automotive demand and customer mix as an incremental headwind, a reminder that Aptiv's legacy business still carries real weight even as it chases robotics and drones. EMEA revenue dropped 8%, and South America fell 4% in the quarter, both drags even as North America and Asia Pacific grew.
#jetson #robotics
NVIDIA's Jetson Orin Nano 2 packs 78 TOPS of processing power into an 8GB, 8-core Arm chip that doubles the inference speed of its predecessor while cutting power draw by 40% at equivalent performance. That kind of efficiency gain matters for battery-powered devices like delivery drones and mobile robots, where every watt saved extends run time. Aptiv isn't just supplying compute support; it is layering in its PULSE surround-view camera and radar system for 360-degree sensing, its Gen 8 radar for object detection in tough conditions, and Wind River software to handle the unglamorous but essential work of long-term maintenance and security updates. That full-stack approach is the pitch: instead of stitching together sensors, chips, and software from separate vendors, customers get one partner who can carry a device from prototype to a fleet running in the field.
The timing lines up with what Aptiv reported in its second-quarter results on August 4, 2026. Revenue reached $3.3 billion, up 2%, while adjusted EBITDA climbed to $613 million from $547 million a year earlier, pushing margins to 18.7% from 17.1%. CEO Kevin Clark pointed to double-digit growth in non-automotive revenue, progress moving robotics from partnership talks to actual commercial deployments, and a major drone industry win secured in early July. North America sales rose 10% and Asia Pacific grew 6%, including 5% growth in China, giving the company some geographic momentum to lean on as it chases this new business line.
The quarter wasn't clean underneath the headline numbers. Free cash flow came in at just $12 million in the second quarter, down from $219 million a year earlier, and the first half of 2026 actually posted negative free cash flow of $196 million versus a positive $264 million a year ago. Operating cash flow from continuing operations fell to $82 million for the first half, down sharply from $531 million. Management also flagged automotive demand and customer mix as an incremental headwind, a reminder that Aptiv's legacy business still carries real weight even as it chases robotics and drones. EMEA revenue dropped 8%, and South America fell 4% in the quarter, both drags even as North America and Asia Pacific grew.
#jetson #robotics
2 days ago
On August 5, Kinetik Holdings Inc. (NYSE:KNTK) reported the strongest quarterly results in company history and raised its full-year 2026 guidance. The Permian-focused midstream operator posted net income, including noncontrolling interest, of $123.1 million for the quarter ended June 30, while Adjusted EBITDA climbed to $280.8 million. Management didn't stop at celebrating the number. It used the quarter as the launchpad for a string of expansion decisions that stretch out to 2028.
The Midstream Logistics segment, Kinetik's largest, grew Adjusted EBITDA 35% year over year to $204.8 million in the second quarter, even though processed natural gas volumes held flat at 1.74 Bcf/d. That flat number actually undersells the quarter. It came despite roughly 250 million cubic feet per day of gas that had been shut in because of weak Waha-area pricing, with stronger natural gas liquid recoveries, condensate yields, and favorable commodity spreads carrying the segment instead.
Management is betting the growth continues well past 2026. In May, Kinetik reached a final investment decision on Kings Landing II, a roughly $260 million project that will lift sour gas processing capacity across the company's Delaware North complex above 700 MMcf/d and push total system capacity to 2.7 Bcf/d when it comes online in mid-2028, earlier than previously communicated. The ECCC Pipeline, which links the system's northern and southern halves between Eddy and Culberson Counties, is now in service, and right-of-way work has already begun on a follow-on expansion for 2027.
Kinetik also locked in new firm Gulf Coast access for residue gas starting in 2027 and signed fresh natural gas liquids transport agreements, both aimed at getting better prices for the gas it moves. On the back of that momentum, Kinetik raised its full-year 2026 Adjusted EBITDA guidance to a range of $1.04 billion to $1.1 billion, a 7% ***** p from the guidance it issued in February.
Not every part of the business is moving in the same direction. The Pipeline Transportation segment posted Adjusted EBITDA of $83.0 million in the quarter, down 14% year over year, a decline the company attributes to last year's divestiture of its equity stake in EPIC Crude Holdings. That sale removed a source of cash flow the rest of the business now has to make up for. Kinetik also expects gas curtailments to keep running at an average of 25 million cubic feet per day through the second half of 2026, on top of the Waha-driven shut-ins that already weighed on the quarter. Its own pricing ***** umptions underline the regional problem: the company is now modeling Waha Hub natural gas at negative $0.26 per MMBtu for the full year, meaning gas in parts of the Permian is priced so low that moving it out of the basin is the whole game.
#quarter
The Midstream Logistics segment, Kinetik's largest, grew Adjusted EBITDA 35% year over year to $204.8 million in the second quarter, even though processed natural gas volumes held flat at 1.74 Bcf/d. That flat number actually undersells the quarter. It came despite roughly 250 million cubic feet per day of gas that had been shut in because of weak Waha-area pricing, with stronger natural gas liquid recoveries, condensate yields, and favorable commodity spreads carrying the segment instead.
Management is betting the growth continues well past 2026. In May, Kinetik reached a final investment decision on Kings Landing II, a roughly $260 million project that will lift sour gas processing capacity across the company's Delaware North complex above 700 MMcf/d and push total system capacity to 2.7 Bcf/d when it comes online in mid-2028, earlier than previously communicated. The ECCC Pipeline, which links the system's northern and southern halves between Eddy and Culberson Counties, is now in service, and right-of-way work has already begun on a follow-on expansion for 2027.
Kinetik also locked in new firm Gulf Coast access for residue gas starting in 2027 and signed fresh natural gas liquids transport agreements, both aimed at getting better prices for the gas it moves. On the back of that momentum, Kinetik raised its full-year 2026 Adjusted EBITDA guidance to a range of $1.04 billion to $1.1 billion, a 7% ***** p from the guidance it issued in February.
Not every part of the business is moving in the same direction. The Pipeline Transportation segment posted Adjusted EBITDA of $83.0 million in the quarter, down 14% year over year, a decline the company attributes to last year's divestiture of its equity stake in EPIC Crude Holdings. That sale removed a source of cash flow the rest of the business now has to make up for. Kinetik also expects gas curtailments to keep running at an average of 25 million cubic feet per day through the second half of 2026, on top of the Waha-driven shut-ins that already weighed on the quarter. Its own pricing ***** umptions underline the regional problem: the company is now modeling Waha Hub natural gas at negative $0.26 per MMBtu for the full year, meaning gas in parts of the Permian is priced so low that moving it out of the basin is the whole game.
#quarter
2 days ago
CRDO reported $236M in adjusted profit, but stock-comp add-backs and a $62M inventory build shrunk free cash flow to just $83M.
Shares fell 42% in one month to $150, while 18 of 19 ***** ysts maintain Buy ratings with a $281 consensus target.
Top two customers represent 33% and 28% of revenue, meaning a single push-out could flip Credo's inventory build into a demand shortfall.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Credo Technology Group didn't make the cut. Enter your email to see the names that beat CRDO. The report is free. Enter your email and see if any of your stocks made the cut.
Credo (NASDAQ:CRDO) closed its fiscal first quarter with $236.3 million in adjusted profit and $82.9 million in free cash flow, and the stock has moved as if investors noticed. Shares last traded at $150.39, down 42.14% over the past month, while the Wall Street consensus price target sits at $281.47. That leaves a wide spread between where the market is pricing the AI connectivity chipmaker and where the sell side thinks it belongs.
#profit #inventory #build
Shares fell 42% in one month to $150, while 18 of 19 ***** ysts maintain Buy ratings with a $281 consensus target.
Top two customers represent 33% and 28% of revenue, meaning a single push-out could flip Credo's inventory build into a demand shortfall.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Credo Technology Group didn't make the cut. Enter your email to see the names that beat CRDO. The report is free. Enter your email and see if any of your stocks made the cut.
Credo (NASDAQ:CRDO) closed its fiscal first quarter with $236.3 million in adjusted profit and $82.9 million in free cash flow, and the stock has moved as if investors noticed. Shares last traded at $150.39, down 42.14% over the past month, while the Wall Street consensus price target sits at $281.47. That leaves a wide spread between where the market is pricing the AI connectivity chipmaker and where the sell side thinks it belongs.
#profit #inventory #build
