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Apella Sells $10.8 Million in International Bond ETF and Buys Domestic Bonds
The Motley Fool· 2025-10-20 19:14
Connecticut-based wealth manager Apella Capital reported selling 219,555 shares of the Vanguard Total International Bond ETF (BNDX) for an estimated $10.8 million in the third quarter.What HappenedAccording to a U.S. Securities and Exchange Commission filing released on Friday, Apella Capital reduced its position in the Vanguard Total International Bond ETF (BNDX) by 219,555 shares during the third quarter. The estimated value of shares sold, calculated using the average closing price for the period, was ap ...
Mizuho Cuts Rivian to Underperform, Trims Target to $10 on Softer 2026 Outlook
Financial Modeling Prep· 2025-10-20 19:14
Core Viewpoint - Mizuho downgraded Rivian Automotive Inc. to Underperform from Neutral, reducing its price target to $10 from $14 due to a weaker sales outlook for 2026 as U.S. IRA credits diminish [1] Group 1: Sales and Delivery Estimates - Mizuho cut its 2026 delivery estimate for Rivian to 60,000 units from 68,000, which is below the consensus estimate of 72,000, indicating approximately 40% year-over-year growth, which is still challenging [2] - The revised delivery estimate is significantly below consensus expectations of around 69,000 units [2] Group 2: Market Conditions and Competitor Signals - North American EV light-vehicle production is expected to remain flat year-over-year, with Mizuho highlighting General Motors' $1.6 billion EV impairment in the September quarter as a sign of broader market softness [2] - Rivian's third-quarter 2025 volume of 13,000 units increased by 25% sequentially, but high average selling prices above $70,000 may limit near-term demand ahead of the R2 launch planned for the first half of 2026 [3] Group 3: Demand Challenges - Mizuho lowered its estimates for Rivian to approximately 13% below consensus, indicating that U.S. battery electric vehicle (BEV) demand is facing multiple headwinds [3]
UBS Reiterates Buy on Keurig Dr Pepper Ahead of Earnings
Financial Modeling Prep· 2025-10-20 19:13
Core Viewpoint - UBS maintains a Buy rating and a $35 price target for Keurig Dr Pepper ahead of the third-quarter results and an investor update regarding the JDE Peet's acquisition and planned separation [1] Group 1: Financial Performance Expectations - UBS anticipates a solid quarter for Keurig Dr Pepper, with U.S. Refreshment Beverages and International segments driving organic growth towards the high end of low single digits, while coffee sales are expected to remain roughly flat sequentially [2] - The guidance for the company remains unchanged, indicating stability in expectations despite the ongoing transaction news [2] Group 2: Market Sentiment and Valuation - The broker notes that investors perceive the near-term catalyst path as unclear without significant updates on the JDE Peet's deal or improvements in at-home coffee sales [3] - Despite the event-driven overhang, UBS believes that the combined enterprise is significantly undervalued, suggesting a favorable risk/reward profile for investors [3]
Raymond James Upgrades nCino to Strong Buy, Stock Rises 5%
Financial Modeling Prep· 2025-10-20 19:12
Core Viewpoint - Raymond James upgraded nCino Inc. to Strong Buy from Outperform, setting a price target of $36 after a recent stock pullback attributed to macro concerns, with shares increasing over 5% intra-day on Monday [1] Growth Drivers - Expected growth drivers over the next 6–18 months include platform pricing changes, retention rates returning to historical mid-to-high-90s range, a rebound in enterprise bookings, international momentum, improved mortgage activity with potential upside if rates decrease, and the resurgence of bank M&A as a direct tailwind [2] - Strong competitive positioning and rising incremental margins support the investment thesis [2] Valuation and Market Concerns - Despite resurfacing credit risk worries in bank end-markets and broader AI uncertainty impacting the stock, longer-term investors may find value at current levels, with valuation around ~5x revenue and ~20x EBITDA based on fiscal 2027 estimates [3]
Up Over 100% in 24 Hours, Is Beyond Meat Stock the Next AMC?
The Motley Fool· 2025-10-20 19:11
Beyond Meat skyrocketed on a short squeeze. Here's what you need to know.The meme stock marauders were back with a vengeance today, with a surge not seen since the days of GameStop and AMC Entertainment during the peak of the COVID-19 pandemic.This time, it was Beyond Meat (BYND 106.78%) ripping higher on a short squeeze. As of 2:01 p.m. ET, the stock had more than doubled, up as much as 137% during the session.The plant-based-meat company has been one of the worst performers on the stock market over the pa ...
Raymond James Lifts Reddit Target to $250, Shares Gain 6%
Financial Modeling Prep· 2025-10-20 19:11
Core Viewpoint - Raymond James raised its price target on Reddit (NYSE: RDDT) to $250 from $225 while maintaining a Strong Buy rating, resulting in a more than 6% increase in shares intra-day on Monday [1] Group 1: Revenue and Advertising Metrics - The updated analysis indicates a bull case for U.S. logged-in ARPU approaching $100, driven by higher ad load, stronger CPMs, and on-platform AI search that could increase query volume [1] - Agency checks revealed e-commerce campaigns with targeting clearing above $6 CPM, showing a triple-digit year-over-year increase, consistent with revised internal metrics suggesting about $4 CPM for generic campaigns compared to $2 previously [2] - Raymond James benchmarked Reddit's U.S. revenue per thousand impressions (RPM) at roughly $2 currently, with a bull case near $6, while the peer average is around $5 across platforms like Google, Meta, Pinterest, Snap, and Nextdoor [2] Group 2: Advertising Load and AI Search Potential - The model assumes home-feed ad load will rise from 13% (1-in-8) to 17% (1-in-7), which is still below many peers that could flex to 25%-50% [3] - For AI search, the firm projected queries increasing from 1.5 billion per month to 4 billion, with a 25% ad load, sub-1% click-through rate, and $1 cost-per-click, implying a roughly $350 million incremental revenue opportunity for currently unmonetized formats [3] Group 3: Market Sentiment - Analysts described the tactical setup as neutral into the print but argued that the risk/reward remains attractive at current levels [4]
Apple approaches $4 trillion valuation as confidence reignites after iPhone 17 launch (AAPL:NASDAQ)
Seeking Alpha· 2025-10-20 19:11
Core Insights - Apple is approaching a $4 trillion valuation, driven by renewed investor confidence due to strong demand for the iPhone 17 [2] - Year-to-date, Apple's shares have increased by 8%, while the S&P 500 has risen by 14.9% and the broader market by 19.4% [2]
America's Double Debt Dilemma: Margin Bets and Maxed-Out Cards - Tesla (NASDAQ:TSLA)
Benzinga· 2025-10-20 19:10
U.S. margin debt has surged to a record $1.1 trillion, an increase of $67 billion in September alone. Despite markets at all-time highs, investors are borrowing to buy more. But behind the headline number lies a deeper question –  How much leverage can the system bear?Margin debt is the money investors borrow from brokers to amplify their bets. If their investments rise, it magnifies the gains. But, if prices fall losses accelerate. Furthermore, if they fall far enough, brokers issue margin calls, forcing i ...
PulteGroup Q3 2025 Earnings Preview (NYSE:PHM)
Seeking Alpha· 2025-10-20 19:10
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William Blair Initiates US Antimony With Outperform as Defense Demand Builds
Financial Modeling Prep· 2025-10-20 19:10
Core Viewpoint - William Blair initiated coverage on United States Antimony Corp. (NYSE: UAMY) with an Outperform rating, highlighting the company's strategic position in critical mineral supply and U.S. national security needs following a recent Defense Logistics Agency (DLA) award [1] Group 1: Market Conditions and Company Position - Antimony prices have increased approximately fourfold over the past year, exceeding $55,000 per ton, creating a favorable market environment for the company [2] - US Antimony possesses a contract mill capable of processing significant ore volumes and has a portfolio of valuable assets, including mining rights in Alaska and claims in Canada [2] Group 2: Operational Developments - Management is nearing completion of an expansion at Thompson Falls, Montana, which will increase throughput by sixfold, supporting a $245 million DLA contract for antimony metal ingots [3] - The company has an adjacent flotation facility and operations in Madero, Mexico, which are expected to maintain steady processing activity [3] Group 3: Supply Chain and Future Prospects - The company has secured seven international supply contracts from non-Chinese sources, each with antimony grades above 50%, indicating ample near-term feedstock [4] - Progress is being made on a mining permit and Department of Defense approvals for 30,000 acres of mining rights in Alaska, with operations potentially commencing next year [4] Group 4: Additional Resource Holdings - Beyond antimony, the company holds 455 claims for cobalt in Ontario's Sudbury Basin and has acquired 100% of the Fostung tungsten properties in southwestern Ontario [5] - The Preston, Idaho deposit is noted as the only domestic source of zeolite, which is utilized in water filtration and animal feed [5]