5 days ago
Billionaire Ray Dalio's Bridgewater ******* ociates and Cathie Wood's ARK Invest follow sharply different investment philosophies. Bridgewater generally runs a diversified, macro-driven portfolio that balances exposure across ******* ets, countries and economic environments. ARK concentrates on companies it believes can benefit from disruptive innovation.
Still, Insider Monkey's ******* ysis of their second-quarter 13F filings shows that the two firms shared exposure to several stocks. Among the largest common holdings were Eli Lilly (LLY) and Nvidia (NVDA).
Bridgewater held 87,023 Eli Lilly shares worth about $104.4 million at the end of the second quarter, after increasing its position by 16,211 shares. ARK held 77,254 shares valued at about $92.7 million, after adding 64,578 shares.
Bridgewater's Nvidia stake was much larger, comprising 3.87 million shares worth about $773.6 million. However, it reduced the position by 826,808 shares during the quarter. ARK moved in the other direction, adding 345,821 Nvidia shares to end the quarter with 1.38 million shares valued at about $276.4 million.
Let's focus on LLY.
#shares #quarter #exposure
Still, Insider Monkey's ******* ysis of their second-quarter 13F filings shows that the two firms shared exposure to several stocks. Among the largest common holdings were Eli Lilly (LLY) and Nvidia (NVDA).
Bridgewater held 87,023 Eli Lilly shares worth about $104.4 million at the end of the second quarter, after increasing its position by 16,211 shares. ARK held 77,254 shares valued at about $92.7 million, after adding 64,578 shares.
Bridgewater's Nvidia stake was much larger, comprising 3.87 million shares worth about $773.6 million. However, it reduced the position by 826,808 shares during the quarter. ARK moved in the other direction, adding 345,821 Nvidia shares to end the quarter with 1.38 million shares valued at about $276.4 million.
Let's focus on LLY.
#shares #quarter #exposure
6 days ago
Retiring at 62 and living off a 401(k) until 70 keeps a couple in the 12% tax bracket, with an effective federal rate near 8% on roughly $133,000 in annual withdrawals.
Delaying Social Security to 70 grows each spouse's benefit by 8% per year, producing roughly $6,200 combined monthly in guaranteed, inflation-adjusted income plus a maximized survivor benefit.
Medicare's two-year income lookback means couples must keep joint MAGI below $218,000 or face IRMAA surcharges that add over $160 per month in Part B premiums.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
A 62-year-old couple with $1.8 million in a traditional 401(k) and matching $3,100 monthly Social Security benefits available at full retirement age is looking at one of the most tax-efficient windows in the entire retirement code. The plan: retire now, live off the 401(k) for eight years, and switch to two delayed Social Security checks totaling roughly $6,200 a month at 70. It sounds aggressive. The math says it is close to optimal.
#security #year #benefit
Delaying Social Security to 70 grows each spouse's benefit by 8% per year, producing roughly $6,200 combined monthly in guaranteed, inflation-adjusted income plus a maximized survivor benefit.
Medicare's two-year income lookback means couples must keep joint MAGI below $218,000 or face IRMAA surcharges that add over $160 per month in Part B premiums.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
A 62-year-old couple with $1.8 million in a traditional 401(k) and matching $3,100 monthly Social Security benefits available at full retirement age is looking at one of the most tax-efficient windows in the entire retirement code. The plan: retire now, live off the 401(k) for eight years, and switch to two delayed Social Security checks totaling roughly $6,200 a month at 70. It sounds aggressive. The math says it is close to optimal.
#security #year #benefit
9 days ago
Bitmine Immersion Technologies (NYSE: $BMNR) bought another 27,180 Ethereum (CRYPTO:
$ETH) over the past week.
The latest purchase put the serial crypto acquirer closer to its goal of owning 5% of Ethereum's circulating supply.
Bitmine spent $68 million U.S. acquiring Ethereum over the last week, buying the digital ****** et at an average price of just over $2,500 U.S.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#bitmine #technologies #bmnr
$ETH) over the past week.
The latest purchase put the serial crypto acquirer closer to its goal of owning 5% of Ethereum's circulating supply.
Bitmine spent $68 million U.S. acquiring Ethereum over the last week, buying the digital ****** et at an average price of just over $2,500 U.S.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#bitmine #technologies #bmnr
13 days ago
Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF, FRA:0FK) traded at 2.08p, up 12%, on Wednesday after completing its KSK sale and approved a $93 million special dividend.
The miner received $104.9 million from Norin Mining (Hong Kong) Limited for Indokal Limited, the subsidiary holding its entire interest in the KSK project.
The board approved approximately $0.0268 per share after reviewing transaction costs and ongoing funding requirements, in line with its previously stated distribution plans.
Asiamet expects to pay the dividend in sterling on 29 September to shareholders on the register at close of business on 15 September 2026.
Ahead of payment, the miner plans to convert the dividend funds into sterling and announce the exchange rate, which will determine the payout per share.
#limited #million #Share
The miner received $104.9 million from Norin Mining (Hong Kong) Limited for Indokal Limited, the subsidiary holding its entire interest in the KSK project.
The board approved approximately $0.0268 per share after reviewing transaction costs and ongoing funding requirements, in line with its previously stated distribution plans.
Asiamet expects to pay the dividend in sterling on 29 September to shareholders on the register at close of business on 15 September 2026.
Ahead of payment, the miner plans to convert the dividend funds into sterling and announce the exchange rate, which will determine the payout per share.
#limited #million #Share
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
18 days ago
On August 5, LiveRamp (NYSE:RAMP) reported first-quarter fiscal 2027 results for the period ended June 30, and the numbers looked less like a company coasting toward a sale than one hitting its stride. Revenue rose 10% to $214 million, but the more striking move was further down the income statement, where operating income more than doubled. LiveRamp skipped its usual earnings call this quarter, a direct result of its pending acquisition by Publicis Groupe, but that silence has not slowed the underlying business.
GAAP operating income jumped to $20 million from $7 million a year earlier, pushing operating margin up six points to 9%. Non-GAAP operating income rose 41% to $50 million, with margin expanding five points to 24%, meaning more of every new revenue dollar is dropping to profit rather than being spent to chase it. Diluted earnings per share more than doubled on a GAAP basis to $0.28 from $0.12, while operating cash flow flipped from a $16 million outflow a year ago to $17 million generated this quarter.
LiveRamp is also positioning itself inside the AI advertising buildout rather than at its edges. The company launched LiveRamp Agent Builders, a program pulling outside AI agents into its network for planning and measurement work, and added integrations tied to OpenAI's advertising tools, Databricks' new Agentic Customer Data Platform, and Adobe's commerce content pipeline, alongside a measurement partnership with DoorDash. None of that shows up in a revenue line yet, but customer behavior already reflects some payoff. LiveRamp ended the quarter with 132 customers paying more than $1 million a year, up from 127, and subscription net retention held at 103%. Annualized recurring revenue grew 7% to $539 million, and Data Marketplace revenue climbed 13% to $40 million.
None of that operational improvement changes the number shareholders actually care about: $38.50 a share, the all-cash price Publicis Groupe agreed to pay when the deal was announced on May 17, 2026. However much operating income grows from here, the merger agreement fixes what LiveRamp holders collect if the transaction closes, so this quarter's beat does not translate into upside for anyone holding the stock for the buyout. LiveRamp also confirmed it will not hold a conference call or issue guidance while the deal is pending, which limits how much investors can independently verify beyond what is in this release.
The transaction still has to clear a shareholder vote scheduled for August 17, and closing remains subject to customary conditions even though management called it on track for before the end of calendar 2026. That leaves a few weeks of real, if narrow, uncertainty. The growth numbers are also decelerating slightly at the edges: total revenue grew 10% this quarter versus 11% in the prior year period, and subscription revenue growth slowed to 8% from 10%. Marketplace and Other revenue, the more variable, usage-driven part of the business, is doing more of the work
GAAP operating income jumped to $20 million from $7 million a year earlier, pushing operating margin up six points to 9%. Non-GAAP operating income rose 41% to $50 million, with margin expanding five points to 24%, meaning more of every new revenue dollar is dropping to profit rather than being spent to chase it. Diluted earnings per share more than doubled on a GAAP basis to $0.28 from $0.12, while operating cash flow flipped from a $16 million outflow a year ago to $17 million generated this quarter.
LiveRamp is also positioning itself inside the AI advertising buildout rather than at its edges. The company launched LiveRamp Agent Builders, a program pulling outside AI agents into its network for planning and measurement work, and added integrations tied to OpenAI's advertising tools, Databricks' new Agentic Customer Data Platform, and Adobe's commerce content pipeline, alongside a measurement partnership with DoorDash. None of that shows up in a revenue line yet, but customer behavior already reflects some payoff. LiveRamp ended the quarter with 132 customers paying more than $1 million a year, up from 127, and subscription net retention held at 103%. Annualized recurring revenue grew 7% to $539 million, and Data Marketplace revenue climbed 13% to $40 million.
None of that operational improvement changes the number shareholders actually care about: $38.50 a share, the all-cash price Publicis Groupe agreed to pay when the deal was announced on May 17, 2026. However much operating income grows from here, the merger agreement fixes what LiveRamp holders collect if the transaction closes, so this quarter's beat does not translate into upside for anyone holding the stock for the buyout. LiveRamp also confirmed it will not hold a conference call or issue guidance while the deal is pending, which limits how much investors can independently verify beyond what is in this release.
The transaction still has to clear a shareholder vote scheduled for August 17, and closing remains subject to customary conditions even though management called it on track for before the end of calendar 2026. That leaves a few weeks of real, if narrow, uncertainty. The growth numbers are also decelerating slightly at the edges: total revenue grew 10% this quarter versus 11% in the prior year period, and subscription revenue growth slowed to 8% from 10%. Marketplace and Other revenue, the more variable, usage-driven part of the business, is doing more of the work
20 days ago
The SECURE Act forces most non-spouse inherited IRA beneficiaries to fully empty the account within 10 years, with no life-expectancy stretch available.
Waiting until year 10 to withdraw a full inherited IRA balance stacks ordinary income on top of salary, pushing marginal rates to 32%.
Spreading withdrawals across all 10 years to fill the 22% and 24% brackets avoids the single-year income spike that triggers higher rates.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
An inherited IRA is a retirement account passed to a beneficiary after the original owner dies. When the beneficiary is an adult child, the rules governing how quickly the money must be withdrawn have changed significantly under the SECURE Act. The scenario in the headline- a son who inherited a $220,000 IRA at age 60, deferred withdrawals, and then faced a forced distribution in year 10 that landed him in the 32% federal bracket- sits on a specific IRS rule that many beneficiaries misread.
#income
Waiting until year 10 to withdraw a full inherited IRA balance stacks ordinary income on top of salary, pushing marginal rates to 32%.
Spreading withdrawals across all 10 years to fill the 22% and 24% brackets avoids the single-year income spike that triggers higher rates.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
An inherited IRA is a retirement account passed to a beneficiary after the original owner dies. When the beneficiary is an adult child, the rules governing how quickly the money must be withdrawn have changed significantly under the SECURE Act. The scenario in the headline- a son who inherited a $220,000 IRA at age 60, deferred withdrawals, and then faced a forced distribution in year 10 that landed him in the 32% federal bracket- sits on a specific IRS rule that many beneficiaries misread.
#income
21 days ago
ONEOK, Inc. (NYSE:OKE) has agreed to acquire Brazos Midstream's Permian Midland Basin natural-gas gathering and processing ***** ets for $4.425 billion in cash. The deal is being paired with a $9 billion nonvoting minority equity investment from Apollo, of which ONEOK plans to use about $5 billion to reduce existing debt. ONEOK expects the acquisition to be immediately accretive to earnings and free cash flow per share.
The transaction would more than double ONEOK, Inc. (NYSE:OKE)'s Midland Basin processing capacity to approximately 2.3 Bcf/d, including plants already under construction. The acquired platform includes roughly 700 miles of gathering infrastructure, 1.2 Bcf/d of processing capacity after the Cassidy II plant is completed, and approximately 600,000 dedicated acres backed by fixed-fee contracts with more than 12 years of weighted-average remaining term.
The biggest attraction is the quality and location of the ***** ets. The Permian remains one of the most economically important oil and gas-producing regions in the U.S., and the Brazos system gives ONEOK, Inc. (NYSE:OKE) additional exposure to ***** ociated natural-gas volumes generated by oil production. The acquired ***** ets are supported by 14 active drilling rigs operated by producers including ExxonMobil, Diamondback Energy, and Double Eagle. The long-term contracts provide ONEOK with considerable visibility into future volumes and cash flows. That makes this more than a simple capacity expansion. ONEOK is effectively adding infrastructure that can grow alongside production on the dedicated acreage.
The ***** ets fit closely with ONEOK's existing gathering, processing, NGL transportation and crude infrastructure. That creates an opportunity to extract more value from the same barrels and molecules as they move through ONEOK's network.
The company expects to connect the Brazos system with downstream ***** ets such as its West Texas NGL Pipeline and the Medford NGL fractionation facility. This broader integration could produce commercial and operational efficiencies that an independent owner of the ***** ets might not be able to capture. ONEOK estimates about $80 million of full-year synergies in its 2027 EBITDA calculation and expects additional commercial and capital efficiencies as the systems are integrated.
#cash #expects
The transaction would more than double ONEOK, Inc. (NYSE:OKE)'s Midland Basin processing capacity to approximately 2.3 Bcf/d, including plants already under construction. The acquired platform includes roughly 700 miles of gathering infrastructure, 1.2 Bcf/d of processing capacity after the Cassidy II plant is completed, and approximately 600,000 dedicated acres backed by fixed-fee contracts with more than 12 years of weighted-average remaining term.
The biggest attraction is the quality and location of the ***** ets. The Permian remains one of the most economically important oil and gas-producing regions in the U.S., and the Brazos system gives ONEOK, Inc. (NYSE:OKE) additional exposure to ***** ociated natural-gas volumes generated by oil production. The acquired ***** ets are supported by 14 active drilling rigs operated by producers including ExxonMobil, Diamondback Energy, and Double Eagle. The long-term contracts provide ONEOK with considerable visibility into future volumes and cash flows. That makes this more than a simple capacity expansion. ONEOK is effectively adding infrastructure that can grow alongside production on the dedicated acreage.
The ***** ets fit closely with ONEOK's existing gathering, processing, NGL transportation and crude infrastructure. That creates an opportunity to extract more value from the same barrels and molecules as they move through ONEOK's network.
The company expects to connect the Brazos system with downstream ***** ets such as its West Texas NGL Pipeline and the Medford NGL fractionation facility. This broader integration could produce commercial and operational efficiencies that an independent owner of the ***** ets might not be able to capture. ONEOK estimates about $80 million of full-year synergies in its 2027 EBITDA calculation and expects additional commercial and capital efficiencies as the systems are integrated.
#cash #expects
22 days ago
Moderna led the S&P 500 in August after reporting promising results from a late-stage trial of a personalized mRNA cancer vaccine it co-developed with Merck, according to CNBC. The data challenged years of skepticism about whether the company's mRNA technology could produce another major breakthrough following the decline of its Covid-19 vaccine business. "This is miraculous, so it got a miraculous welcome," CNBC's Jim Cramer said Monday.
Enterprise software stocks accounted for many of the index's other top performers. Palantir, Veeva Systems, Salesforce, and ServiceNow had each come under sustained selling pressure as investors grew skeptical that traditional software models could remain competitive against the backdrop of accelerating AI development, according to the outlet. Those declines were compounded by large short positions held by Situational Awareness, a leveraged hedge fund that had bet against software companies based on that thesis. When the fund was forced to unwind its trades in late July, those shorts became a tailwind for the stocks it had targeted. "As August comes to a grinding end, it's hard to believe that the reverberations of a hedge fund implosion could color so much of the month's action," Cramer said.
Situational Awareness, which was run by Leopold Aschenbrenner and peaked at $45 billion in **** ets at the start of July, lost roughly $35 billion after margin calls from prime brokers Bank of America, Goldman Sachs, and JPMorgan Chase forced a distressed sale of its publicly traded holdings to Ken Griffin's Citadel. The fund had used as much as 400% leverage and held large short positions in software names including Adobe alongside bullish bets on AI infrastructure stocks.
Among individual software stocks, Salesforce bounced back after better-than-expected quarterly results quieted fears of what Cramer called a "SaaSpocalypse," while ServiceNow gained ground after showing investors that AI could be folded into its platform without disrupting existing operations. Veeva Systems climbed in tandem with the wider software sector after the anticipated AI threat to its life sciences niche failed to materialize in any meaningful way. Gartner also joined the recovery, as worries that large AI models would erode the market for its research and advisory services turned out not to be borne out by the company's actual results.
Outside software, Newmont benefited from a recovery in gold prices, while Coinbase climbed as cryptocurrencies rebounded amid concerns about U.S. debt and government spending. Super Micro Computer and Sandisk also surged on strong demand for memory used in AI data centers.
#cramer
Enterprise software stocks accounted for many of the index's other top performers. Palantir, Veeva Systems, Salesforce, and ServiceNow had each come under sustained selling pressure as investors grew skeptical that traditional software models could remain competitive against the backdrop of accelerating AI development, according to the outlet. Those declines were compounded by large short positions held by Situational Awareness, a leveraged hedge fund that had bet against software companies based on that thesis. When the fund was forced to unwind its trades in late July, those shorts became a tailwind for the stocks it had targeted. "As August comes to a grinding end, it's hard to believe that the reverberations of a hedge fund implosion could color so much of the month's action," Cramer said.
Situational Awareness, which was run by Leopold Aschenbrenner and peaked at $45 billion in **** ets at the start of July, lost roughly $35 billion after margin calls from prime brokers Bank of America, Goldman Sachs, and JPMorgan Chase forced a distressed sale of its publicly traded holdings to Ken Griffin's Citadel. The fund had used as much as 400% leverage and held large short positions in software names including Adobe alongside bullish bets on AI infrastructure stocks.
Among individual software stocks, Salesforce bounced back after better-than-expected quarterly results quieted fears of what Cramer called a "SaaSpocalypse," while ServiceNow gained ground after showing investors that AI could be folded into its platform without disrupting existing operations. Veeva Systems climbed in tandem with the wider software sector after the anticipated AI threat to its life sciences niche failed to materialize in any meaningful way. Gartner also joined the recovery, as worries that large AI models would erode the market for its research and advisory services turned out not to be borne out by the company's actual results.
Outside software, Newmont benefited from a recovery in gold prices, while Coinbase climbed as cryptocurrencies rebounded amid concerns about U.S. debt and government spending. Super Micro Computer and Sandisk also surged on strong demand for memory used in AI data centers.
#cramer
27 days ago
As central bankers gather for the 49th annual economic symposium in Jackson Hole, Wyo., starting Thursday evening, Kansas City Fed president Jeff Schmid warned that the rise of innovation in payments from stablecoins to blockchain and instantaneous payments could be disruptive.
"I think we're going to find that not only is this, from an innovation standpoint, very transitional, it's going to be very disruptive too," Schmid said in an interview with Yahoo Finance.
The theme of this year's gathering focuses on financial innovation in payments and the implications for monetary policy.
"I think we need to prepare," Schmid said. "We're going to be talking in the next decade more about sources of liquidity and duration, maybe more than we talked about capital, because at the end of the day, that $5 [trillion] or $10 trillion that we move a day is going to over time become instantaneous, and that's going to be a change in the system at large."
If payments become instantaneous and settle instantaneously, Schmid wonders, how does that impact liquidity, and what's the nature of ******* ets backing the instruments?
#liquidity
"I think we're going to find that not only is this, from an innovation standpoint, very transitional, it's going to be very disruptive too," Schmid said in an interview with Yahoo Finance.
The theme of this year's gathering focuses on financial innovation in payments and the implications for monetary policy.
"I think we need to prepare," Schmid said. "We're going to be talking in the next decade more about sources of liquidity and duration, maybe more than we talked about capital, because at the end of the day, that $5 [trillion] or $10 trillion that we move a day is going to over time become instantaneous, and that's going to be a change in the system at large."
If payments become instantaneous and settle instantaneously, Schmid wonders, how does that impact liquidity, and what's the nature of ******* ets backing the instruments?
#liquidity
27 days ago
Opera Limited (NASDAQ:OPRA) moved its second-quarter earnings release from August 25 to August 19, focusing attention on whether another guidance increase is coming. First-quarter revenue rose 23% to $175.8 million, while adjusted EBITDA increased 30% to $42.0 million. Both exceeded the company's guidance, and the shares gained 5.3% following the report.
The financial momentum has been accompanied by faster adoption in valuable Western markets. Opera Limited (NASDAQ:OPRA) said combined MAUs for its Android and iOS browsers increased 66% year over year in the U.K. and 40% in the U.S. during the second quarter. Its built-in AI can search, answer questions, and generate content without requiring users to leave the browser.
The question is whether Opera Limited (NASDAQ:OPRA) is building a durable AI-browser franchise or simply finding better ways to monetize traffic through advertising and search partners.
Opera Limited (NASDAQ:OPRA) entered the second quarter with encouraging operating leverage. Average monthly active users reached 288 million in the first quarter, up four million sequentially, while annualized revenue per user increased 25% year over year to $2.43. Adjusted EBITDA grew faster than revenue, and free cash flow from operations nearly tripled to $35.5 million.
Opera Limited (NASDAQ:OPRA) also raised its full-year outlook after exceeding first-quarter guidance. The company projected revenue of $727 million to $740 million and adjusted EBITDA of $170 million to $174 million. Its second-quarter forecast called for revenue growth of 23% to 25% and adjusted EBITDA of $40 million to $42 million, equivalent to a 23% margin at the midpoints.
#quarter #limited #ebitda #adjusted
The financial momentum has been accompanied by faster adoption in valuable Western markets. Opera Limited (NASDAQ:OPRA) said combined MAUs for its Android and iOS browsers increased 66% year over year in the U.K. and 40% in the U.S. during the second quarter. Its built-in AI can search, answer questions, and generate content without requiring users to leave the browser.
The question is whether Opera Limited (NASDAQ:OPRA) is building a durable AI-browser franchise or simply finding better ways to monetize traffic through advertising and search partners.
Opera Limited (NASDAQ:OPRA) entered the second quarter with encouraging operating leverage. Average monthly active users reached 288 million in the first quarter, up four million sequentially, while annualized revenue per user increased 25% year over year to $2.43. Adjusted EBITDA grew faster than revenue, and free cash flow from operations nearly tripled to $35.5 million.
Opera Limited (NASDAQ:OPRA) also raised its full-year outlook after exceeding first-quarter guidance. The company projected revenue of $727 million to $740 million and adjusted EBITDA of $170 million to $174 million. Its second-quarter forecast called for revenue growth of 23% to 25% and adjusted EBITDA of $40 million to $42 million, equivalent to a 23% margin at the midpoints.
#quarter #limited #ebitda #adjusted
28 days ago
Chief Strategy Officer Basit Haris Fozan purchased 25,000 Class A Ordinary Shares of Bitdeer Technologies (NASDAQ:BTDR) at $8.84 per share on Aug. 14, 2026, according to a recent SEC Form 4 filing.
Market capitalization: $2.1 billion
Trailing 12-month revenue: $812.3 million
Trailing 12-month net income: ($-228.5 million)
Headquarters: Singapore
#million #officer #fozan
Market capitalization: $2.1 billion
Trailing 12-month revenue: $812.3 million
Trailing 12-month net income: ($-228.5 million)
Headquarters: Singapore
#million #officer #fozan
29 days ago
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter.
Stripe's top executives observe a "growing advantage" of remaining a privately held company, they said in a letter to investors last week.
This year marked the start of what Stripe executives called "a large inflection in long-run trends," fueled by artificial intelligence, wrote John and Patrick Collison, the Irish brothers who co-founded Stripe in 2010 and still lead it.
Being a private company offers "a growing advantage as we venture into the vicissitudes" of this era, they wrote on Wednesday. The letter was also signed by Will Gaybrick, Stripe's president of technology and business. Patrick Collison is the company's chief executive and John Collison is its president.
A Stripe spokesperson on Thursday confirmed the authenticity of the letter, which was first reported by Axios, the newsletter publisher.
#collison #letter #patrick #daily
Stripe's top executives observe a "growing advantage" of remaining a privately held company, they said in a letter to investors last week.
This year marked the start of what Stripe executives called "a large inflection in long-run trends," fueled by artificial intelligence, wrote John and Patrick Collison, the Irish brothers who co-founded Stripe in 2010 and still lead it.
Being a private company offers "a growing advantage as we venture into the vicissitudes" of this era, they wrote on Wednesday. The letter was also signed by Will Gaybrick, Stripe's president of technology and business. Patrick Collison is the company's chief executive and John Collison is its president.
A Stripe spokesperson on Thursday confirmed the authenticity of the letter, which was first reported by Axios, the newsletter publisher.
#collison #letter #patrick #daily
29 days ago
Jim Cramer has a reputation for caution when a stock has already run hard. This time, he is telling investors to ignore that instinct entirely, arguing that the usual rules of chip investing may no longer apply.
On a recent Mad Money segment, Cramer argued that some of the market's biggest winners this year still have room to climb, even after gains that would normally make him nervous about chasing a rally this late.
Cramer named four memory and storage chip makers he calls "indispensable" right now: Micron, SanDisk, Seagate, and Western Digital. "While I acknowledge that I am not early, I do not think I am late," he told viewers, according to CNBC. The numbers behind that call are striking. August 18, SanDisk has surged 653% in 2026, Seagate has climbed 261%, Micron has gained 254%, and Western Digital has risen 211%. Figures that would normally make a value-conscious investor wary of chasing further upside.
Cramer tied the rally directly to comments from Elon Musk. "Musk is right: Memory has become the bottleneck," Cramer said, referencing Musk's remarks on ***** eX's second-quarter earnings call about memory supply constraining AI data center buildouts, Yahoo Finance reported.
More Micron:
#seagate #chip #normally
On a recent Mad Money segment, Cramer argued that some of the market's biggest winners this year still have room to climb, even after gains that would normally make him nervous about chasing a rally this late.
Cramer named four memory and storage chip makers he calls "indispensable" right now: Micron, SanDisk, Seagate, and Western Digital. "While I acknowledge that I am not early, I do not think I am late," he told viewers, according to CNBC. The numbers behind that call are striking. August 18, SanDisk has surged 653% in 2026, Seagate has climbed 261%, Micron has gained 254%, and Western Digital has risen 211%. Figures that would normally make a value-conscious investor wary of chasing further upside.
Cramer tied the rally directly to comments from Elon Musk. "Musk is right: Memory has become the bottleneck," Cramer said, referencing Musk's remarks on ***** eX's second-quarter earnings call about memory supply constraining AI data center buildouts, Yahoo Finance reported.
More Micron:
#seagate #chip #normally
1 month ago
Personal care products provider Kimberly-Clark Corporation (NYSE:KMB)'s shares are down by 17% over the past year and are up by 9% year-to-date. It is currently undergoing a major transformation through acquiring Kenvue. Cramer has discussed Kimberly-Clark Corporation (NYSE:KMB)'s acquisition several times and linked its performance with consumer goods giant Procter & Gamble. In his morning appearance on August 6th, the CNBC TV host discussed Kimberly-Clark Corporation (NYSE:KMB)'s earnings and the tailwinds from the acquisition:
"I like the way Kimberly acted, even though they had a asterisk China diaper problem which I did not know about. The stock started down and then finished up nicely. I think that Chu is doing is a nice job. I think that Kenvue acquisition's going to be very good. Proctor was not as good, so I think that maybe you're going to start seeing, even though Proctor's much bigger than Kimberly, maybe we're going to have a new colossus."
On the 4th, Kimberly-Clark Corporation (NYSE:KMB) had reported its second quarter earnings to post $4.19 billion in revenue that missed **** yst estimates of $4.22 billion. Yet, the firm also cut its organic sales growth and earnings forecasts. Yet, the shares close 3.7% higher on the 4th, exhibiting solid momentum after the report hit the wires before market open.
Kimberly-Clark Corporation (NYSE:KMB)'s business model, i.e., selling personal care products, is resistant in a tough economy as consumers continue to spend on its products even if they reduce discretionary spending. Cramer's previous comments about the firm have also noted this, but the firm's sluggish revenue performance in the second quarter opens up concerns about its growth. Additionally, turmoil in the oil market stemming from the Iran war and other factors can stress its margins. This stress, at a time when Kimberly-Clark Corporation (NYSE:KMB) might have to deal with high debt levels as well. Consequently, 15% of the float being short as of July-end is unsurprising.
On the other hand, the difference between Kimberly-Clark Corporation (NYSE:KMB) and Procter & Gamble Company (NYSE:PG) is visible when we compare their forward P/E. While the former has a multiple of 14.93, the latter is valued better through a 20.9 multiple. Procter & Gamble Company (NYSE:PG)'s ability to sustain high prices courtesy of its brand strength and market share (60% in blades and razors and 45% to 50% in fabric) is one of its strongest suits. It enables the firm to deliver stable revenue growth, as evidenced by a 2% jump in its June quarter sales. Additionally, Procter & Gamble Company (NYSE:PG)'s stable defensive market lead it to commit to stable stock buybacks ($6 billion to $7 billion in FY27) and stable dividends (2.48% yield). Naturally, the P/E is higher, and the short interest is negligible at 1.17% of the float.
#company
"I like the way Kimberly acted, even though they had a asterisk China diaper problem which I did not know about. The stock started down and then finished up nicely. I think that Chu is doing is a nice job. I think that Kenvue acquisition's going to be very good. Proctor was not as good, so I think that maybe you're going to start seeing, even though Proctor's much bigger than Kimberly, maybe we're going to have a new colossus."
On the 4th, Kimberly-Clark Corporation (NYSE:KMB) had reported its second quarter earnings to post $4.19 billion in revenue that missed **** yst estimates of $4.22 billion. Yet, the firm also cut its organic sales growth and earnings forecasts. Yet, the shares close 3.7% higher on the 4th, exhibiting solid momentum after the report hit the wires before market open.
Kimberly-Clark Corporation (NYSE:KMB)'s business model, i.e., selling personal care products, is resistant in a tough economy as consumers continue to spend on its products even if they reduce discretionary spending. Cramer's previous comments about the firm have also noted this, but the firm's sluggish revenue performance in the second quarter opens up concerns about its growth. Additionally, turmoil in the oil market stemming from the Iran war and other factors can stress its margins. This stress, at a time when Kimberly-Clark Corporation (NYSE:KMB) might have to deal with high debt levels as well. Consequently, 15% of the float being short as of July-end is unsurprising.
On the other hand, the difference between Kimberly-Clark Corporation (NYSE:KMB) and Procter & Gamble Company (NYSE:PG) is visible when we compare their forward P/E. While the former has a multiple of 14.93, the latter is valued better through a 20.9 multiple. Procter & Gamble Company (NYSE:PG)'s ability to sustain high prices courtesy of its brand strength and market share (60% in blades and razors and 45% to 50% in fabric) is one of its strongest suits. It enables the firm to deliver stable revenue growth, as evidenced by a 2% jump in its June quarter sales. Additionally, Procter & Gamble Company (NYSE:PG)'s stable defensive market lead it to commit to stable stock buybacks ($6 billion to $7 billion in FY27) and stable dividends (2.48% yield). Naturally, the P/E is higher, and the short interest is negligible at 1.17% of the float.
#company
2 months ago
A rush to beat Labour's death tax has triggered a boom in life insurance sales.
Unused pension savings and death benefits will be subject to inheritance tax from April next year.
The changes, announced by Rachel Reeves, the former chancellor, in her 2024 Budget, have already triggered a rush of people looking for ways to cover the steep tax bills their pensions could now leave behind.
Barry O'Dwyer, the chief executive of Royal London, Britain's biggest life and pensions mutual, said more customers were looking to take out life insurance specifically to offset the liability.
"It doesn't take that much, if you're a small-business owner and you have a pension pot built up, to be tipped over the thresholds," Mr O'Dwyer said.
#life #insurance
Unused pension savings and death benefits will be subject to inheritance tax from April next year.
The changes, announced by Rachel Reeves, the former chancellor, in her 2024 Budget, have already triggered a rush of people looking for ways to cover the steep tax bills their pensions could now leave behind.
Barry O'Dwyer, the chief executive of Royal London, Britain's biggest life and pensions mutual, said more customers were looking to take out life insurance specifically to offset the liability.
"It doesn't take that much, if you're a small-business owner and you have a pension pot built up, to be tipped over the thresholds," Mr O'Dwyer said.
#life #insurance
2 months ago
American Express (NYSE: AXP) stock has sputtered this year compared with its benchmarks, sector, and major competitors. The stock is down about 6% year to date, while Visa is up 6%, and Mastercard is flat. The Dow Jones Industrial Average and S&P 500 -- two indexes that include American Express -- are each up 13% so far this year. And the financial services sector within the S&P 500 has averaged a 5% return.
But based on several factors, investors and ****** ysts may be underrating the financial services giant. Just 48% of Wall Street ****** ysts rate it a buy, compared with 93% each for Mastercard and Visa. Here's why you should consider this underrated and overlooked payments stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
American Express stock struggled in the weeks leading up to its second-quarter earnings release as investors grew concerned about the macro environment and its impact on banks, consumer spending, rates, and credit quality. But when American Express reported Q2 earnings on July 24, the stock price rose as investors were pleasantly surprised.
Revenue increased 10% year over year to $19.6 billion but fell just short of estimates of $19.7 billion. Earnings were up 11% to $4.53 per share, beating estimates of $4.40 per share. And credit quality was strong, with provisions for credit losses and 30-day delinquency rates down year over year and net write-offs holding steady.
#express
But based on several factors, investors and ****** ysts may be underrating the financial services giant. Just 48% of Wall Street ****** ysts rate it a buy, compared with 93% each for Mastercard and Visa. Here's why you should consider this underrated and overlooked payments stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
American Express stock struggled in the weeks leading up to its second-quarter earnings release as investors grew concerned about the macro environment and its impact on banks, consumer spending, rates, and credit quality. But when American Express reported Q2 earnings on July 24, the stock price rose as investors were pleasantly surprised.
Revenue increased 10% year over year to $19.6 billion but fell just short of estimates of $19.7 billion. Earnings were up 11% to $4.53 per share, beating estimates of $4.40 per share. And credit quality was strong, with provisions for credit losses and 30-day delinquency rates down year over year and net write-offs holding steady.
#express
2 months ago
Diesel consumers can be excused if they are exhausted from trying to project where the prices they pay at the pump will be going after the events of the past few days and weeks.
The weekly Department of Energy/Energy Information Administration average retail diesel price that is the basis for most fuel surcharges fell Monday, published Tuesday, to $5.348/gallon, up 3.5 cts/g. It's the fourth consecutive week the benchmark has increased, up 77 cts/g during that time.
The increase came as prices are rapidly falling in the futures market on the latest news that a deal to reopen the Strait of Hormuz is imminent. That decline came after a sharp slide in the prior three trading days on that same hope, as the market quickly embraces any prospect of an end to the closure of the strait.
Price movement in the ultra low sulfur diesel (ULSD) contract on the CME commodity exchange during those three days, and into Tuesday, have been some of the most volatile since the U.S. and Israel launched their attacks on Iran at the beginning of March.
With the market latching on to any talk of some sort of settlement that would reopen the Strait of Hormuz, the price of ULSD on CME fell, respectively, 3.68%, 2.09% and 5.93% in the three trading days ending Monday.
#strait #tuesday #hormuz
The weekly Department of Energy/Energy Information Administration average retail diesel price that is the basis for most fuel surcharges fell Monday, published Tuesday, to $5.348/gallon, up 3.5 cts/g. It's the fourth consecutive week the benchmark has increased, up 77 cts/g during that time.
The increase came as prices are rapidly falling in the futures market on the latest news that a deal to reopen the Strait of Hormuz is imminent. That decline came after a sharp slide in the prior three trading days on that same hope, as the market quickly embraces any prospect of an end to the closure of the strait.
Price movement in the ultra low sulfur diesel (ULSD) contract on the CME commodity exchange during those three days, and into Tuesday, have been some of the most volatile since the U.S. and Israel launched their attacks on Iran at the beginning of March.
With the market latching on to any talk of some sort of settlement that would reopen the Strait of Hormuz, the price of ULSD on CME fell, respectively, 3.68%, 2.09% and 5.93% in the three trading days ending Monday.
#strait #tuesday #hormuz
2 months ago
Roger Altman of Evercore (EVR) argues the S&P 500, up 10% year to date and 18% over 12 months, is shrugging off every macro headwind.
Goldman Sachs (GS) flags hyperscaler capex has consumed roughly 95% of operating cash flows, with projected AI spending reaching $2.1 trillion through 2027.
Record corporate profits of $4,427 billion in Q1 2026, up 13% year over year, powered 86% of S&P 500 companies to beat consensus estimates.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Evercore didn't make the cut. Grab the names FREE today.
Roger Altman, founder and senior chairman of Evercore (NYSE:EVR), made an appearance on CNBC on August 3 to argue that the stock market is absorbing every macro punch thrown at it.
#altman #every #Macro #sachs
Goldman Sachs (GS) flags hyperscaler capex has consumed roughly 95% of operating cash flows, with projected AI spending reaching $2.1 trillion through 2027.
Record corporate profits of $4,427 billion in Q1 2026, up 13% year over year, powered 86% of S&P 500 companies to beat consensus estimates.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Evercore didn't make the cut. Grab the names FREE today.
Roger Altman, founder and senior chairman of Evercore (NYSE:EVR), made an appearance on CNBC on August 3 to argue that the stock market is absorbing every macro punch thrown at it.
#altman #every #Macro #sachs
2 months ago
Corona, California-based Monster Beverage Corporation (MNST) engages in the development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. Valued at a market cap of $95.6 billion, the company operates through four segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.
MNST shares have rallied the broader market over the past year, surging 62.3% compared to the S&P 500 Index's ($SPX) 16.3% surge. Moreover, in 2026, the stock has grown by nearly 27.5%, outperforming the SPX's 8.5% rise.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Nasdaq Futures Plunge as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
Ahead of Microsoft Earnings, Here's What Barchart Data Says Comes Next for MSFT Stock
#beverage
MNST shares have rallied the broader market over the past year, surging 62.3% compared to the S&P 500 Index's ($SPX) 16.3% surge. Moreover, in 2026, the stock has grown by nearly 27.5%, outperforming the SPX's 8.5% rise.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Nasdaq Futures Plunge as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
Ahead of Microsoft Earnings, Here's What Barchart Data Says Comes Next for MSFT Stock
#beverage
2 months ago
With chip stocks extending their sell-off, investors have rotated back into safety in the Big Tech patch.
Believe it or not, that now includes Alphabet (GOOG, GOOGL), which is only a few days removed from its stock being hammered by fears of AI overspending.
Talk about a short memory.
Quick insight: Alphabet stock started Tuesday's session above the key 200-day moving average after closing above it on Monday, according to Yahoo Finance AlphaSpace data (chart below). The stock broke below the 200-day moving average for the first time in more than three years on July 23 as investors digested the company's second quarter numbers.
The 200-day moving average is one of the most widely followed technical indicators as it helps investors distinguish a stock's long-term trend from short-term market noise. A stock trading above its 200-day moving average is generally viewed as being in a long-term uptrend.
#Stock #average #short #long
Believe it or not, that now includes Alphabet (GOOG, GOOGL), which is only a few days removed from its stock being hammered by fears of AI overspending.
Talk about a short memory.
Quick insight: Alphabet stock started Tuesday's session above the key 200-day moving average after closing above it on Monday, according to Yahoo Finance AlphaSpace data (chart below). The stock broke below the 200-day moving average for the first time in more than three years on July 23 as investors digested the company's second quarter numbers.
The 200-day moving average is one of the most widely followed technical indicators as it helps investors distinguish a stock's long-term trend from short-term market noise. A stock trading above its 200-day moving average is generally viewed as being in a long-term uptrend.
#Stock #average #short #long
2 months ago
Deep Sail Capital Partners, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund significantly outperformed both of its benchmarks, the Russell 2000 Mid Cap Growth Index and the Russell 2000 Index, returning 41.6% net of fees while averaging 88% net long exposure. YTD, the fund returned 16.5% net of fees. long portfolio significantly outperformed both benchmarks, while the short portfolio was mixed in the quarter. The letter states that there was a notable performance push in Q1, which was reflected in Q2, driven by both the Iran War and idiosyncratic impacts on positions in the fund. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Deep Sail Capital Partners highlighted Celestica Inc. (NYSE:CLS). Celestica Inc. (NYSE:CLS) is a leading technology and electronic manufacturing services company that offers supply chain solutions across multiple countries. On July 22, 2026, Celestica Inc. (NYSE:CLS) closed at $335.50 per share, reflecting a market capitalization of $38.57 billion. Celestica Inc. (NYSE:CLS) posted a one-month return of -7.17%, while its shares gained 104.60% over the past 52 weeks.
Deep Sail Capital Partners stated the following regarding Celestica Inc. (NYSE:CLS) in its Q2 2026 investor update:
"Celestica Inc. (NYSE:CLS) has transitioned from its legacy roots as an IBM captive manufacturer to become a design and technology integration leader within the AI and cloud infrastructure ***** e. Celestica was founded in 1994 as a subsidiary of IBM Canada. It was subsequently acquired by PE, and then IPOed in the late 1990s. The company's strategy from there was an acquisition model for the next two decades, acquiring various electronics and computer peripherals manufacturing and supply companies, highly tied to major OEMs like IBM, Avaya, and Lucent. At the beginning of the AI boom, the company found itself incredibly well positioned to provide specialized design, operational, and engineering services to large technology companies looking to build data centers or ***** ociated integrated rack systems.
The business segments of Celestica are split into two highly specialized operational segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). Within the CCS segment, the company serves enterprise AI companies and the hyperscalers, including Google, Meta, Dell, HPE, IBM, Juniper Networks, and Oracle Corporation, among others. Within the ATS segment, Celestica supports highly complex capital equipment, aerospace, and defense programs for Tier-1 customers such as Applied Materials, Honeywell, Lam Research, and Raytheon..." (Click here to read the full text)
#deep #solutions
In its Q2 2026 investor letter, Deep Sail Capital Partners highlighted Celestica Inc. (NYSE:CLS). Celestica Inc. (NYSE:CLS) is a leading technology and electronic manufacturing services company that offers supply chain solutions across multiple countries. On July 22, 2026, Celestica Inc. (NYSE:CLS) closed at $335.50 per share, reflecting a market capitalization of $38.57 billion. Celestica Inc. (NYSE:CLS) posted a one-month return of -7.17%, while its shares gained 104.60% over the past 52 weeks.
Deep Sail Capital Partners stated the following regarding Celestica Inc. (NYSE:CLS) in its Q2 2026 investor update:
"Celestica Inc. (NYSE:CLS) has transitioned from its legacy roots as an IBM captive manufacturer to become a design and technology integration leader within the AI and cloud infrastructure ***** e. Celestica was founded in 1994 as a subsidiary of IBM Canada. It was subsequently acquired by PE, and then IPOed in the late 1990s. The company's strategy from there was an acquisition model for the next two decades, acquiring various electronics and computer peripherals manufacturing and supply companies, highly tied to major OEMs like IBM, Avaya, and Lucent. At the beginning of the AI boom, the company found itself incredibly well positioned to provide specialized design, operational, and engineering services to large technology companies looking to build data centers or ***** ociated integrated rack systems.
The business segments of Celestica are split into two highly specialized operational segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). Within the CCS segment, the company serves enterprise AI companies and the hyperscalers, including Google, Meta, Dell, HPE, IBM, Juniper Networks, and Oracle Corporation, among others. Within the ATS segment, Celestica supports highly complex capital equipment, aerospace, and defense programs for Tier-1 customers such as Applied Materials, Honeywell, Lam Research, and Raytheon..." (Click here to read the full text)
#deep #solutions
2 months ago
Access to this page has been denied because we believe you are using automation tools to browse the website.
This may happen as a result of the following:
Please make sure that Javascript and cookies are enabled on your browser and that you are not blocking them from loading.
Reference ID: #9e0f1f63 -863e-11f1-a0dc-3f85ca160d54
#page #denied #using #automation
This may happen as a result of the following:
Please make sure that Javascript and cookies are enabled on your browser and that you are not blocking them from loading.
Reference ID: #9e0f1f63 -863e-11f1-a0dc-3f85ca160d54
#page #denied #using #automation
2 months ago
Access to this page has been denied because we believe you are using automation tools to browse the website.
This may happen as a result of the following:
Please make sure that Javascript and cookies are enabled on your browser and that you are not blocking them from loading.
Reference ID: #ca967f13 -8455-11f1-8a9d-be22fb6b764d
This may happen as a result of the following:
Please make sure that Javascript and cookies are enabled on your browser and that you are not blocking them from loading.
Reference ID: #ca967f13 -8455-11f1-8a9d-be22fb6b764d
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
When you need to make a secure payment, certified checks are a popular and trusted option. A certified check is essentially a check that's been guaranteed by the bank, which ensures there are enough funds in your account and the signature is authentic.
In other words, a certified check can be a reliable choice for large transactions or situations where the recipient needs extra ***** urance that the payment is solid.
A certified check is similar to a personal check, but more secure because the funds are guaranteed by your bank.
When you write a personal check, you indicate the amount of the payment and endorse the check with your signature. You then give the check to the intended recipient, and they can cash it in. Say, for example, you give a personal check to somebody for $1,000. While that person might feel like they're a thousand dollars richer, they won't actually have any money until the check clears and $1,000 leaves your bank account.
When you need to make a secure payment, certified checks are a popular and trusted option. A certified check is essentially a check that's been guaranteed by the bank, which ensures there are enough funds in your account and the signature is authentic.
In other words, a certified check can be a reliable choice for large transactions or situations where the recipient needs extra ***** urance that the payment is solid.
A certified check is similar to a personal check, but more secure because the funds are guaranteed by your bank.
When you write a personal check, you indicate the amount of the payment and endorse the check with your signature. You then give the check to the intended recipient, and they can cash it in. Say, for example, you give a personal check to somebody for $1,000. While that person might feel like they're a thousand dollars richer, they won't actually have any money until the check clears and $1,000 leaves your bank account.
2 months ago
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
You've heard of the luck of the Irish. Want to bet on the luck of the ****** et manager?
Tidal Investments and Subversive Capital have filed a prospectus with the Securities and Exchange Commission for an "event contracts" exchange-traded fund tied to the outcomes of sports games. In other words, a sports gambling ETF. The Subversive All Season Sports ETF will have exposure to 40 to 80 bets at once, attempting to generate alpha by betting on where the adviser thinks the market's odds are wrong. The filing also included a related fund, the Subversive Prediction ETF, tied to "economic, regulatory, climate and global events themes." With the Securities and Exchange Commission still weighing approval of novel funds like these, whether they will actually make it to the market is a toss-up.
"They're pretty much a pro-innovation SEC," said Eric Balchunas, senior ETF ****** yst at Bloomberg Intelligence. Still, he theorized that the SEC wants to make sure it has a consistent framework in place to approve prediction market ETFs. "I think their issue here is that if they approve one of these, they could see 500 to 1,000 filings within a month or two. It would be raining filings."
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
You've heard of the luck of the Irish. Want to bet on the luck of the ****** et manager?
Tidal Investments and Subversive Capital have filed a prospectus with the Securities and Exchange Commission for an "event contracts" exchange-traded fund tied to the outcomes of sports games. In other words, a sports gambling ETF. The Subversive All Season Sports ETF will have exposure to 40 to 80 bets at once, attempting to generate alpha by betting on where the adviser thinks the market's odds are wrong. The filing also included a related fund, the Subversive Prediction ETF, tied to "economic, regulatory, climate and global events themes." With the Securities and Exchange Commission still weighing approval of novel funds like these, whether they will actually make it to the market is a toss-up.
"They're pretty much a pro-innovation SEC," said Eric Balchunas, senior ETF ****** yst at Bloomberg Intelligence. Still, he theorized that the SEC wants to make sure it has a consistent framework in place to approve prediction market ETFs. "I think their issue here is that if they approve one of these, they could see 500 to 1,000 filings within a month or two. It would be raining filings."
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
2 months ago
Lumentum Holdings Inc. (NASDAQ:LITE) is one of the best performing AI stocks over the last 3 years, with a 3Y CAGR of 143.31%. On June 11, JPMorgan **** yst Samik Chatterjee reiterated an Overweight rating and maintained a $1,130 price target, arguing that the recent pullback in optical-networking stocks had created a buying opportunity.
Chatterjee said Lumentum shares had fallen about 15% from their early-June high as investors worried about limited summer catalysts and possible delays in co-packaged optics adoption. He pushed back on those concerns, citing supply-chain checks indicating that Nvidia's large-scale CPO rollout remained on track and may be ahead of schedule. JPMorgan also pointed to growing interest from cloud-service providers and other customers, which could broaden demand beyond Nvidia.
Co-packaged optics places optical engines close to switch chips to increase bandwidth while reducing power consumption in large AI systems. JPMorgan viewed Lumentum's valuation of roughly 25 times estimated 2028 earnings as reasonable, given projected annual earnings growth above 40%. The thesis still depends on deployment schedules, customer concentration and Lumentum's ability to convert product demand into sustained shipments and earnings growth.
Lumentum Holdings Inc. (NASDAQ:LITE) develops optical and photonic technologies for AI and cloud networking, telecommunications, industrial manufacturing and sensing, including lasers, components, modules and optical subsystems.
While we acknowledge the risk and potential of LITE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LITE and that has 10,000% upside potential, check out our report about the cheapest AI stock.
Chatterjee said Lumentum shares had fallen about 15% from their early-June high as investors worried about limited summer catalysts and possible delays in co-packaged optics adoption. He pushed back on those concerns, citing supply-chain checks indicating that Nvidia's large-scale CPO rollout remained on track and may be ahead of schedule. JPMorgan also pointed to growing interest from cloud-service providers and other customers, which could broaden demand beyond Nvidia.
Co-packaged optics places optical engines close to switch chips to increase bandwidth while reducing power consumption in large AI systems. JPMorgan viewed Lumentum's valuation of roughly 25 times estimated 2028 earnings as reasonable, given projected annual earnings growth above 40%. The thesis still depends on deployment schedules, customer concentration and Lumentum's ability to convert product demand into sustained shipments and earnings growth.
Lumentum Holdings Inc. (NASDAQ:LITE) develops optical and photonic technologies for AI and cloud networking, telecommunications, industrial manufacturing and sensing, including lasers, components, modules and optical subsystems.
While we acknowledge the risk and potential of LITE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LITE and that has 10,000% upside potential, check out our report about the cheapest AI stock.
2 months ago
It might sound like the fate of a character in a fable, or a line from Alanis Morissette's famous 1990s hit "Ironic": Man pays off his house, then the roof blows off.
Instead, it's the unfortunate reality for one Florida man, who, on top of having the bad luck of seeing his house suffer severe damage from a hurricane, was also on the hook for the costs, since he had recently paid off his home and skipped on paying for homeowner's insurance.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
Instead, it's the unfortunate reality for one Florida man, who, on top of having the bad luck of seeing his house suffer severe damage from a hurricane, was also on the hook for the costs, since he had recently paid off his home and skipped on paying for homeowner's insurance.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
