Core Viewpoint - Gold prices remained stable during the morning Asian session, buoyed by expectations of Federal Reserve rate cuts, which typically increase the attractiveness of gold as a non-interest-bearing asset [1] Group 1 - The stability of gold prices is linked to the anticipation of rate cuts by the Federal Reserve [1] - Rate cuts generally enhance the appeal of gold, as it does not yield interest [1]

Key TakeawaysOracle (ORCL) shares extended gains to 6% on December 18, buoyed by positive project updates and regulatory progress on its Michigan data center, despite recent investor anxiety over AI-related spending and financing challenges.President Donald Trump officially signed the Fiscal Year 2026 National Defense Authorization Act (NDAA) into law, authorizing a record $901 billion in military spending and including a 3.8% pay raise for troops.The Bank of Japan (BoJ) is set to raise its interest rates t ...

Core Insights - Shares of Trump Media & Technology Group experienced a significant increase following the announcement of a $6 billion all-stock merger with TAE Technologies, a fusion energy company [1] Company Summary - Trump Media & Technology Group's stock surged on December 18 due to the merger announcement [1] - The merger is valued at $6 billion and is structured as an all-stock transaction [1] Industry Summary - The merger involves TAE Technologies, which operates in the fusion energy sector, indicating a strategic move towards energy innovation [1]

Core Insights - Algo Grande Copper Corp. has successfully acquired 100% ownership of the 5,895-hectare Adelita Copper-Gold-Silver Project, enhancing its position in the Sonora-Arizona Copper Belt [1][4][11] - The acquisition includes an 80% stake from Infinitum Copper Corp. and a 20% interest from Minaurum Silver Inc., marking a significant milestone for the company [1][6] - The project is anchored by the high-grade Cerro Grande skarn discovery, which remains open along strike and at depth, with an inaugural drilling program currently underway [4][11][12] Acquisition Details - The acquisition was completed through a share purchase agreement with Infinitum and an asset purchase agreement with Minaurum, fulfilling conditions for reactivation on the TSX Venture Exchange [6][8] - Algo Grande will issue 901,600 shares to Infinitum as a post-closing payment related to the financing [7] - The acquisition allows Algo Grande to access and work on the concessions without limitations, pending registration updates [16] Project Overview - The Adelita Project has over US$8 million in historical exploration, including approximately 7,000 meters of drilling and various geophysical surveys [11][32] - Recent reprocessing of legacy data indicates a potential porphyry feeder system at depth beneath the Cerro Grande skarn, suggesting a classic skarn-porphyry mineralization model [12][32] - A Phase 1 program is being executed to delineate the scale of both the high-grade skarn system and the porphyry potential at depth, with a Phase 2 drill program planned for Q2 2026 [12][15] Leadership and Management Changes - Enrico Gay has been appointed as the Chief Executive Officer, and Gord Neal has joined the board of directors, bringing extensive experience in the mining sector [9][10] - The company is strengthening its leadership team to support its growth and exploration initiatives [9] Financial and Operational Updates - Algo Grande has converted 10,198,402 subscription receipts into common shares, with proceeds allocated for exploration expenditures and general working capital [5] - The company has entered into consulting agreements with Euroswiss and GoldInvest to enhance its visibility and investor relations in European markets [20][23][26]

A game-changing merger is placing the social media platform on a new fusion-fueled path.Shares of Trump Media & Technology Group (DJT +41.93%) surged on Thursday after the company announced a $6 billion merger with TAE Technologies. By the close of trading, DJT's stock price was up more than 40%. Trump Media's cash could propel TAE Technologies' scientific advancesThe union would combine Trump Media's substantial financial resources with TAE's advanced technology to create one of the world's first publicly ...

Core Insights - Shares of Nebius (NASDAQ: NBIS) have experienced a significant increase of 182% year-to-date, rising from $27.70 to $78.09 [1] Company Summary - Nebius has seen its stock price surge dramatically, indicating strong market performance and investor interest [1]

Core Viewpoint - The refurbishment of the Lone Tree Plant is a significant step in i-80 Gold's strategy to transition from toll-milling to an owner-operator processing model, which is expected to enhance margins and free cash flow generation [1][3]. Development Plan - The refurbishment is part of a broader development plan aimed at establishing i-80 Gold as a mid-tier gold producer [1]. - The capital cost estimate for the refurbishment is $430 million, which includes $412 million for direct and indirect costs and $18 million for capital spares [4][17]. Engineering and Technical Aspects - The engineering study conducted by Hatch Ltd. confirms that the refurbishment will involve standard upgrades to improve operational efficiency with low execution risk [3]. - Approximately 30% of detailed engineering is complete, providing improved accuracy in capital cost estimates [3]. - The plant will have a nameplate capacity of 2,268 tonnes per day, processing both refractory and non-refractory materials [4][13]. Financial Projections - The transition to an owner-operated model is projected to reduce processing costs to about one-third, increasing margins by approximately $1,000 to $1,500 per ounce of gold [4][19]. - A potential payback period for the refurbishment is estimated at 12 to 24 months, depending on the grade processed and gold prices [4]. Timeline and Next Steps - Early works have commenced, and construction activities are expected to begin in the second half of 2026, with commissioning anticipated by the end of 2027 [4][22][23]. - The company aims to complete its recapitalization plan by the end of the second quarter of 2026 or earlier [1][19]. Environmental and Compliance Considerations - The refurbishment will include upgrades to meet new environmental compliance standards, such as a new mercury abatement circuit and a tailings filtration system [6][9]. - The company is on track to complete engineering designs for construction and environmental permits by the fourth quarter of 2025, with applications to be submitted in the first quarter of 2026 [20][22]. Company Background - i-80 Gold is focused on building a mid-tier gold producer in Nevada, leveraging its existing infrastructure and strategic asset portfolio [30]. - The Lone Tree property, acquired from Nevada Gold Mines in October 2021, includes significant existing infrastructure and has a history of production [24][30].

Core Viewpoint - Camtek's stock performance has been relatively weak compared to major indices, but it has shown resilience over the past month with a positive trend in share price [1][2]. Financial Performance - Upcoming financial results are expected to show an EPS of $0.83, reflecting a 7.79% increase year-over-year, with projected revenue of $127.21 million, up 8.46% from the same quarter last year [3]. - For the full year, earnings are projected at $3.21 per share and revenue at $495.14 million, indicating increases of 13.43% and 15.36% respectively compared to the previous year [4]. Analyst Sentiment - Recent upward revisions in analyst estimates suggest a positive outlook for Camtek's business operations and profitability [5]. - The Zacks Rank system currently rates Camtek as 3 (Hold), with a slight increase of 0.14% in the consensus EPS projection over the past 30 days [7]. Valuation Metrics - Camtek is trading at a Forward P/E ratio of 32.15, which is lower than the industry average of 42.39, indicating a potential discount [8]. - The company has a PEG ratio of 2.06, compared to the industry average of 1.97, suggesting that while the stock may be undervalued based on P/E, it is slightly higher when considering growth expectations [9]. Industry Context - The Electronics - Measuring Instruments industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 99, placing it in the top 41% of over 250 industries, indicating strong performance potential [10].

Core Insights - Heico Corporation reported a revenue of $1.21 billion for the quarter ended October 2025, marking a year-over-year increase of 19.3% and exceeding the Zacks Consensus Estimate of $1.15 billion by 4.99% [1] - The company's EPS for the same period was $1.33, up from $0.99 a year ago, representing a surprise of 10.83% compared to the consensus estimate of $1.20 [1] Financial Performance Metrics - Net Sales for the Electronic Technologies Group (ETG) reached $384.78 million, surpassing the estimated $362.05 million, reflecting a 14.4% increase year-over-year [4] - Net Sales for the Flight Support Group (FSG) amounted to $834.37 million, exceeding the estimated $797.43 million, with a year-over-year growth of 20.6% [4] - Intersegment sales were reported at -$9.74 million, better than the estimated -$13.9 million, showing a year-over-year decline of 32.1% [4] - Operating income for the Flight Support Group was $200.97 million, above the average estimate of $185.86 million [4] - Operating income for the Electronic Technologies Group was $89.62 million, slightly above the average estimate of $88.98 million [4] - The overall stock performance of Heico has returned -0.2% over the past month, compared to a +0.9% change in the Zacks S&P 500 composite [3]

Core Viewpoint - FedEx reported strong financial results for the quarter ended November 2025, with revenue and earnings exceeding analyst expectations, indicating robust underlying performance despite some mixed metrics in specific segments [1][2]. Financial Performance - Revenue for the quarter was $23.47 billion, reflecting a year-over-year increase of 6.8% [1]. - Earnings per share (EPS) reached $4.82, up from $4.05 in the same quarter last year, representing a significant increase [1]. - The reported revenue surpassed the Zacks Consensus Estimate of $22.86 billion by 2.64%, while the EPS exceeded the consensus estimate of $4.07 by 18.43% [1]. Key Metrics - FedEx's stock has returned +7.5% over the past month, outperforming the Zacks S&P 500 composite's +0.9% change [3]. - The company holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]. Segment Performance - Average daily package volume for international economy was 583 thousand, closely matching the analyst estimate of 583.31 thousand [4]. - Total international export average daily volume was 1.16 million, slightly above the estimate of 1.14 million [4]. - Revenue per package for international export composite was $53.15, exceeding the estimate of $52.10 [4]. - Revenue from the international economy package segment was $1.51 billion, slightly below the estimate of $1.53 billion, marking a year-over-year decline of 4.9% [4]. - Total international export package revenue was $3.89 billion, surpassing the estimate of $3.79 billion, with a year-over-year increase of 2% [4]. - U.S. priority package revenue was $2.84 billion, above the estimate of $2.73 billion [4]. - U.S. ground package revenue was $9.17 billion, exceeding the estimate of $8.85 billion [4]. - Overall revenue for the FedEx segment was $20.43 billion, above the estimate of $19.7 billion, reflecting an 8.5% year-over-year increase [4]. - FedEx Freight segment revenue was $2.14 billion, below the estimate of $2.19 billion, with a year-over-year decline of 1.8% [4]. - Revenue from other and eliminations was $897 million, below the estimate of $924.96 million, representing a year-over-year decline of 5.5% [4]. - International priority freight revenue was $617 million, below the estimate of $679.95 million, with a year-over-year decline of 3.6% [4].