One of the nation’s largest trucking companies is partnering with a fast-growing driver training provider to expand commercial driver’s license education in Alabama. FleetForce Truck Driver Training announced Tuesday that it has partnered with Swift Transportation to offer CDL training and certification at Swift’s terminal in Mobile, Alabama. The program is designed to help address…
By Nupur Anand and Saeed Azhar June 18 (Reuters) – SpaceX’s bankers are preparing to meet investors as early as next week to discuss a bond offering of at least $20 billion, two sources familiar with the matter said on Thursday, as Elon Musk’s newly public company seeks funding for an ambitious and capital-intensive AI…
The Direxion Daily Semiconductor Bull 3X ETF (NYSEMKT: SOXL) is soaring today. What started as a milder 16% opening-bell increase evolved into gains around the 20% mark from 11 a.m. ET to noon ET. The 3x leveraged version of the classic iShares Semiconductor ETF (NASDAQ: SOXX) reflects a swell of enthusiasm in the chip sector,…
June 18 (Reuters) – Kardigan’s shares rose 1.6% in their Nasdaq debut on Thursday, after the heart drug developer raised $400 million in an upsized U.S. initial public offering. The Princeton, New Jersey-based company’s shares opened at $16.25, above its IPO price of $16 per share, after Kardigan sold 25 million shares on Wednesday at…
Quick Read USHY delivers a near-7% monthly yield at a rock-bottom 0.08% expense ratio, with total returns reaching 24% over the past five years. USHY’s 54% BB-rated tilt cushions income, but its 11% CCC sleeve poses the sharpest default risk if the credit cycle turns. Morningstar warns high-yield spreads sit at decade-narrow levels, signaling stretched…
James Kelleher, CFA Director of Research & Senior Analyst Technology Jim has worked in the financial services industry for over 25 years and joined Argus in 1993. He is director of research at Argus and a member of the Investment Policy Committee. Jim has been instrumental in building Argus’ proprietary valuation models, which are a…
The iShares Semiconductor ETF (NASDAQ: SOXX) is an exchange-traded fund (ETF) that exclusively invests in American companies that design and manufacture chips and components, but it’s particularly focused on those involved in the artificial intelligence (AI) segment of the market. As a result, the fund has large positions in stocks like Micron Technology, Advanced Micro…
Seagate Technology Holdings plc (NASDAQ:STX) is among the stocks with the best earnings growth for the next 3 years. On June 12, JPMorgan raised the price target on Seagate Technology Holdings plc (NASDAQ:STX) to $920 from $775 and reaffirmed an Overweight rating. An optimistic outlook on pricing, leading to expected incremental margins in the quarters…
Nu Holdings Ltd. (NYSE:NU) is among the stocks with the best earnings growth for the next 3 years. On June 15, Citi trimmed the price target on Nu Holdings Ltd. (NYSE:NU) from $18 to $13, while downgrading the stock to Neutral from Buy. According to the firm, the company’s growth will come at the cost…
Lam Research Corporation (NASDAQ:LRCX) is among the stocks with the best earnings growth for the next 3 years. On June 15, Oppenheimer elevated the price target on Lam Research Corporation (NASDAQ:LRCX) to $400 from $330 and reaffirmed an Outperform rating. According to the firm, the Lam bus tour strengthened confidence that AI-related WFE growth potential…
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