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Blue Owl Capital remains recommended as a buy as institutional demand for alternative assets remains strong, according to a report released Monday by TD Cowen. Still, analysts led by Bill Katz wrote that asset managers’ near-term performance is likely to be volatile through Labor Day “reflecting higher redemption cycles and the impact on earnings.” TD Cowen reiterated his buy status for Blue Owl, but lowered his 12-month price target to $14 from $16, implying an upside of about 54% from Friday’s closing price. “Investors are effectively pricing in (at least) the complete disappearance of OWL’s $35 billion (in NAV) evergreen…
Reuters — Italians began voting on Sunday in a referendum to approve controversial judicial reforms proposed by Prime Minister Giorgia Meloni. This will be an important test for the right-wing coalition ahead of next year’s general election. Voters will have to decide whether to support constitutional amendments to separate the career paths of judges and prosecutors, an issue that has long confounded domestic politics, and to split Italy’s judicial autonomy into two separate bodies. The vote came after a heated campaign pitting Meloni’s “Yes” camp against the centre-left opposition, which backed “No”. Voting ends Monday at 3pm (10am ET). Opposition…
As the entire airline industry weathers the storm of rising costs and geopolitical divisions, Delta Air Lines (DAL) has managed to maintain its altitude against the market’s current pull. However, this difference makes the setup unstable. Even after Friday’s decline, DAL is still trading above $63 per share. Notably, this is about the same level as on December 1 of last year, when oil prices were well below $60 per barrel. Since then, it’s up nearly 70%. Peers like American Airlines (AAL) and Southwest Airlines (LUV) are seeing their valuations compressed as the “crack spread paradox” takes hold. This disconnect…
Jeddah, Saudi Arabia — Saudi Arabia’s Red Sea port Jeddah is bracing for an increase in business over the next two weeks. The five ships on the platform were less than normal traffic on a balmy Sunday afternoon, but with airspace largely closed in countries along the Strait of Hormuz and the Persian Gulf, Saudi west coast ports offer a safer lifeline to and from the region. A 700-mile gas pipeline about three hours’ drive north of Jeddah has been repurposed to export Saudi oil to tankers lined up at another Red Sea port, Yanbu. Saudi officials say these oil…
Miley Cyrus transforms into ‘Hannah Montana’ in 20th anniversary special first lookEmily Osment What? of hannah montana Actress – played her best friend Lily Truscott miley cyrusMiley Stewart, who appeared on the series from 2006 to 2011, has announced that she will not be attending. from The show’s 20th anniversary special will premiere on March 24 on Disney+. But there are no bad people in the cast. as emily Explained in the March 23rd article Instagram video, she was unfortunately busy filming her series George and Mandy’s first marriage, So she couldn’t attend the reunion.. But the 34-year-old still wanted…
According to JPMorgan, industrial companies such as Boeing Co., retailers such as Costco Wholesale Corp., and even insurance companies such as Allstate Corp. could benefit greatly if energy prices begin to fall. West Texas Intermediate futures fell more than 7% on Monday after President Donald Trump said the United States and Iran had “productive” talks on the Middle East war and promised to halt all attacks on U.S. energy infrastructure for five days. JPMorgan recently calculated which companies stand to gain the most from lower energy costs for themselves and their customers. The bank screened stocks with the highest inverse…
(This is ” The Best Stocks in the Market ,” brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — There are two mega-cap stocks left on the list. It looks like one of them will fall off. Another is the No Man’s Land trend. But you probably own both, or at least see them on screen. Sometimes you look at something and have to conclude that it passes. The two stocks we’re introducing today are currently on the list of the best stocks on the market, but they haven’t earned the right to stay…
Emilia Clarke’s brain aneurysmEmilia Clarke, who filmed battle scenes for Game of Thrones, published an essay in The New Yorker in 2019 titled “A Battle for My Life.”After suffering a severe headache at the gym, the actress writes, “I made it to the bathroom and fell to my knees feeling very, very sick.” “During that time, the pain was getting worse with shooting, stabbing, squeezing pain. On some level, I knew what was happening: my brain was damaged.”She was taken to the hospital for a brain scan.”The diagnosis was swift and ominous: a subarachnoid hemorrhage (SAH) is a life-threatening type…
(PRO Views is exclusive to PRO subscribers and gives you insight into the day’s news straight from real investing pros. See the full discussion above.) Traders will be paying special attention to small-cap stocks this week after last week’s pullback sent the Russell 2000 into correction territory, according to Jay Woods of NYSE Insider. The small-cap index fell 10% from its all-time high last week, falling into correction territory. That’s at a critical tipping point, Woods said. Friday’s benchmark ended at 2,438.45. The Shares Russell 2000 ETF (IWM) soared more than 2.7% on Monday, leading a broader market rally after…
In a new viral video, Sen. Bernie Sanders tried to expose how the AI industry is a threat to Americans’ privacy, but ended up demonstrating how AI chatbots’ tendency to agree with and flatter users can make them less tools of discovery themselves and more like mirrors of users’ own beliefs. We have seen this problem before with the rise of people suffering from “AI psychosis” where AI chatbots reinforce the irrational thoughts and beliefs of mentally unstable people. In some cases, this dark pattern even led users to take their own lives, several lawsuits allege. In Sanders’ case, the…