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This Week In Energy Transition - A P Moller Capital Acquires Mainstream Renewable Power South Africa
Simply Wall St.60d agoneutral
This Week In Energy Transition - A P Moller Capital Acquires Mainstream Renewable Power South Africa

A.P. Moller Capital has agreed to acquire Mainstream Renewable Power South Africa, a prominent renewable energy developer in South Africa, through its Emerging Markets Infrastructure Fund II. This acquisition is part of A.P. Moller Capital's strategy to invest in infrastructure that supports the energy transition in high-growth markets. Mainstream South Africa boasts a significant renewable energy portfolio, including 148 MW of operating and in-construction assets, 351 MW of...

SpaceX Rebounds in Premarket Trading After First Post-IPO Decline (SPCX)
InvestorsHub60d agoneutral
SpaceX Rebounds in Premarket Trading After First Post-IPO Decline (SPCX)

SpaceX (NASDAQ:SPCX) shares edged higher in premarket trading on Thursday after posting their first daily decline since the company’s record-breaking stock market debut, following a remarkable rally that briefly propelled the aerospace group above some of the world’s largest technology companies by market value. SPCX rose 1.

Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga61d agobearish
Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'

Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis

Devon Energy (DVN) Maps Out 2026 Production After The Coterra Merger
Simply Wall St.61d agoneutral
Devon Energy (DVN) Maps Out 2026 Production After The Coterra Merger

Devon Energy (NYSE:DVN) has issued new production guidance for 2026 following its merger with Coterra Energy. The company outlined how the combined business plans to concentrate capital on high-return assets, with emphasis on the Permian Basin. The roadmap also highlights a continued focus on shareholder returns through dividends and share repurchase activity. Devon Energy now looks different after absorbing Coterra Energy, and the latest 2026 production guidance shows how the combined...

Salesforce (CRM) Earns Vote of Confidence from Truist after $3.6 Billion Acquisition
Insider Monkey61d agoneutral
Salesforce (CRM) Earns Vote of Confidence from Truist after $3.6 Billion Acquisition

With a free cash flow yield of 11.07%, Salesforce, Inc. (NYSE:CRM) is included among the 12 Stocks From Companies Generating High Cash Flow. On June 15, Truist maintained its Buy rating on Salesforce, Inc. (NYSE:CRM). It also set a $280 price target on the stock. The firm noted that Salesforce announced a $3.6 billion acquisition of […]

American Express Expands Dining Business with $700 Million Acquisition of TheFork
Insider Monkey61d agoneutral
American Express Expands Dining Business with $700 Million Acquisition of TheFork

With a free cash flow yield of 6.16%, American Express Company (NYSE:AXP) is included among the 12 Stocks From Companies Generating High Cash Flow. On June 15, Reuters reported that American Express Company (NYSE:AXP) had agreed to acquire restaurant reservation platform TheFork from Tripadvisor. The all-cash transaction is valued at $700 million. The sale comes after […]

Chipotle Mexican Grill (CMG) Stock After 38% Slide Is The Recent Weakness An Opportunity
Simply Wall St.61d agoneutral
Chipotle Mexican Grill (CMG) Stock After 38% Slide Is The Recent Weakness An Opportunity

If you are wondering whether Chipotle Mexican Grill stock is starting to look interesting at current levels, the key question is how its current price lines up with its underlying value. The stock last closed at US$31.86, with returns of 4.7% over the past week, while being down 5.6% over the past month, 15.0% year to date, and 38.5% over the past year. These moves will naturally have changed how many investors think about its risk and reward trade off. Recent headlines around Chipotle...

Morgan Stanley enters U.K. rental market with $1.4B acquisition
TheStreet61d agoneutral
Morgan Stanley enters U.K. rental market with $1.4B acquisition

Morgan Stanley’s real estate investing arm is now a landlord to 3,200 London households. The deal closes an 18-month sale process that began when one of England’s largest housing associations decided market-rate rentals no longer fit its mission. What looks like a routine property transaction ...

Old Age space ETFs gain over New Age stocks since SpaceX IPO
Yahoo Finance Video61d agoneutralVIDEO
Old Age space ETFs gain over New Age stocks since SpaceX IPO

SpaceX's (SPCX) IPO may be creating a vacuum, and space-themed ETFs are benefitting from the latest phase in the Space Race. Yahoo Finance Markets and Data Editor Jared Blikre looks at the array of thematic space ETFs and how they have been gaining since SpaceX's mega-IPO last Friday.