Apple Faces Modest Earnings Hit After Court Ruling But Analyst Expects Match, Bumble, Spotify Set To Gain
Benzinga· 2025-06-05 16:47
Apple Inc‘s AAPL latest legal setback is a headwind, but one analyst says the impact on the iPhone maker’s stock price is materially lower than investors feared. What Happened: JPMorgan analyst Samik Chatterjee has an Overweight rating on Apple, according to a Thursday research note.The note comes one day after the U.S. Court of Appeals for the Ninth Circuit denied Apple’s emergency application to halt changes to its App Store that resulted from a legal spat with Epic Games.Judge Gonzalez enforced Apple to ...
Tesla Stock Drops Over 5% As Trump Suggests Musk Has ‘Trump Derangement Syndrome'
Forbes· 2025-06-05 16:46
ToplineShares of Tesla dropped by more than 5% on Thursday as Elon Musk amplified criticism on President Donald Trump’s policy bill, with Trump later telling reporters at the White House he is unsure about the future of their relationship, suggesting the world’s wealthiest person’s criticism of his signature bill amounts to “Trump derangement syndrome.”Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” ... More and “pork-filled.”AFP via Getty ImagesKey FactsT ...
Doximity Declines 4.4% in a Month: How to Play the Stock Now?
ZACKS· 2025-06-05 16:46
Key Takeaways Doximity's Q4 2025 revenues rose 17% to $138.3 million with a 50% adjusted EBITDA margin. DOCS' Integrated multi-module programs and expanded AI tools accelerated client upsells and engagement. DOCS' client portal insights and efficient January launches drove early revenue recognition and retention.Over the past month, Doximity’s (DOCS) shares have lost approximately 4.4% despite the company reporting solid fourth-quarter fiscal 2025 results with $138.3 million in revenues and a 50% adjusted ...
AGNC Investment's 15.93% Dividend Yield: A Powerful Income Play?
ZACKS· 2025-06-05 16:46
Key Takeaways AGNC offers a 15.93% dividend yield with monthly payouts and a payout ratio of 81%. The company authorized a $1B buyback plan through 2026, aiming to reduce volatility and boost value. AGNC holds $6B in liquidity, supporting the sustainability of its capital distribution strategy.One of the most closely watched aspects of AGNC Investment Corp.’s (AGNC) financial profile is its dividend policy. This publicly traded mortgage real estate investment trust (mREIT) offers favorable long-term stock ...
Thor Q3 Earnings Surpass Expectations, Revenues Rise Y/Y
ZACKS· 2025-06-05 16:46
Thor Industries, Inc. (THO) reported earnings of $2.53 per share for the third quarter of fiscal 2025 (ended April 30), beating the Zacks Consensus Estimate of earnings of $1.79. The company reported earnings of $2.13 per share in the corresponding quarter of fiscal 2024.Thor registered revenues of $2.89 billion for the fiscal third quarter, beating the Zacks Consensus Estimate of $2.61 billion. The top line climbed 3.2% year over year.Segmental ResultsNorth American Towable RVs: Revenues from the segment c ...
Banner Capital Announces Fund I Recapitalization and Launch of Fund II
Prnewswire· 2025-06-05 16:45
SALT LAKE CITY, June 5, 2025 /PRNewswire/ -- Banner Capital Management, LLC ("Banner") is pleased to announce the closing of a portfolio recapitalization into Banner Capital Fund I ("Fund I") and the launch of Banner Capital Fund II ("Fund II"). Fund IFund I is a multi-asset continuation fund with over $400 million in capital commitments, formed to acquire interests in eight of Banner's pre-fund portfolio companies. Funds managed by Hamilton Lane (Nasdaq: HLNE) acted as lead investor and many of Banner's pr ...
Wealth Minerals' Participation in Successful Consortium License Permitting Bid
Newsfile· 2025-06-05 16:44
Core Viewpoint - Wealth Minerals Ltd. is part of a consortium that has successfully submitted a CEOL application for lithium extraction from the Quillagua Este Salar in Chile, indicating a positive regulatory environment for lithium projects in the country [1][3]. Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on acquiring and developing lithium projects in South America, with interests in both Canada and Chile [4]. - The company holds a 3% stake in the consortium formed to extract lithium from the Quillagua Este Salar and will provide strategic advice based on its operational experience in Chile [2]. Industry Context - The lithium market is experiencing significant dynamics, with increasing metal prices driven by structural issues in meeting future demand. The company aims to capitalize on this supply-demand mismatch [5]. - The CEOL application process is part of a fast-track initiative by the Chilean government to support the development of lithium projects, reflecting a favorable regulatory stance towards privately owned projects [1][3].
Stablecoin issuer Circle soars 124% in NYSE debut after pricing IPO above expected range
CNBC· 2025-06-05 16:42
Jeremy Allaire, CEO of Circle Internet Group, the issuer of one of the world's biggest stablecoins, and Circle co-founder Sean Neville pose outside the New York Stock Exchange (NYSE), on the day of the company's IPO in New York City, U.S., June 5, 2025.Shares of Circle Internet Group soared 124% after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.The stock opened at $69.50 on the New York Stock Exchange after its IPO priced at $31. The New York- ...
RTX's Unit Secures a $1.1B Contract to Build AIM-9X Missiles
ZACKS· 2025-06-05 16:41
Key Takeaways RTX's unit Raytheon secured a $1.10B deal for AIM-9X missile production and delivery by October 2028. The contract supports U.S. military branches and foreign buyers with missiles and related systems. AIM-9X Block II features enhanced safety and electronics, supporting its deployment on advanced fighter jets.RTX Corporation’s (RTX) business unit, Raytheon, recently won a modification contract to aid the AIM-9X missile program. The award has been offered by the Naval Air Systems Command, Patu ...
CGAU or AEM: Which Is the Better Value Stock Right Now?
ZACKS· 2025-06-05 16:41
Investors interested in Mining - Gold stocks are likely familiar with Centerra Gold Inc. (CGAU) and Agnico Eagle Mines (AEM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with ...