TXNM Energy just sold itself to Blackstone for $11.5 billion, and the market responded exactly how you’d expect: by losing its mind. The stock hit an all-time high Monday, because apparently all it takes for investors to get bricked up in 2025 is a big fat infrastructure buyout and some vague promises about “growth-oriented investments.” (Source: Giphy) The deal is as follows: $61.25 a share in cash which roughly translates to a 16% premium to where TXNM closed...
There’s a famous Warren Buffett saying: “Buying a bad business for cheap is still buying a bad business.” And that logic checks out. Most of the time (just ask “Mama Cathie” who ironically buys bad business at crazy prices most of the time). But every so often, someone digs through the rubble of a corporate disaster and finds something valuable buried underneath. That’s exactly what Regeneron Pharmaceuticals seems to think it did this week when it scooped up n...
Capital One just closed its $35 billion acquisition of Discover, and if it feels like no one’s really reacting, that’s because most people don’t understand what just happened… or they do and are pretending it’s not a problem. Some call this a merger, I call it the largest credit card issuer in the U.S. now owning one of the only independent payments networks left in the country. Which, in case you’re still trying to piece it together, means Capital One now ow...
Qualcomm’s stock chart over the past year kinda looks like my neighbor’s golf game after two beers… off the fairway, in the weeds, and still somehow getting worse. The chipmaker is down 22% over the last 12 months, and to add some context, it’s not the market being mean. Qualcomm’s been caught in a one-two punch that would make even Muhammid Ali scared. Problem #1 is (you guessed it) China. 46% of Qualcomm’s revenue comes from the country, and with the...
Half a trillion dollars in ignored red ink. That’s what the U.S. banking system is currently pretending doesn’t exist. $482.4 billion in unrealized losses on securities holdings, all neatly tucked away in footnotes like that’ll stop the bleeding. And according to our homeboys over at Fortune, this pile of financial rot is so massive, it could make Silicon Valley’s implosion look like a cake walk. (Source: Giphy) Of course, the official line right now...
When your stock is down 84% from its all-time high (and that high was nine years ago) you’re not in a “slump.” You’re in purgatory, just praying someone comes along with enough optimism (or delusion) to believe you’re worth saving. That’s been the vibe at Foot Locker for a while now. Once the king of mall-based sneaker culture, they’ve spent the last decade quietly losing relevance while pretending everything was fine. Then, out of nowhere, Dick&r...
The UAE just greenlit the largest AI data center campus outside the U.S., and four of America’s most powerful tech companies are neck-deep in it. Nvidia, Cisco, Oracle, and OpenAI are backing the so-called “UAE Stargate” project… a 5-gigawatt hyperscale beast being built in Abu Dhabi by Emirati AI firm G42. Think of it as a flex, a signal, and a Magnus Carlsen checkmate dressed up as a cloud computing facility. (Source: Giphy) In short, Nvidia is sh...
Just days ago, Coinbase climbed the ultimate mountain top. After years of fighting with the SEC, enduring enough crypto winters to make a polar bear shiver, and fielding daily questions about whether crypto was “dead,” Coinbase made it. For the first time, a crypto exchange earned a seat at the big boy table. The stock jumped 24% as investors celebrated what looked like a turning point… not just for Coinbase, but for the entire crypto industry. It felt like validation....
Boeing just signed a deal with Qatar Airways for up to 210 planes, and the only thing more ‘Merica than the scale of it is the fact that it happened with Donald Trump standing there like he personally soldered the fuselages. In short, the signing went down in Doha, in front of President Trump, the Emir of Qatar, Boeing’s CEO, and a press corps trying very hard not to ask the obvious: what even is this? (Source: Giphy) Why? Because it’s 160 jet’s on paper&h...
Today’s market felt eerily familiar… like asking my wife where she wants to eat and somehow ending up in an argument about something I said in 2019. Total mixed signals. At first, it looked like we had a plan. The S&P 500 was up 0.3%, notching a fourth straight win. The Dow was feeling good, too… up 253 points, confidently suggesting, “Let’s do sushi!” But then the Nasdaq hit us with a hard “I don’t know, you pick…” and fe...
Embrace the suck, Wally… Trump just fired a warning shot at Walmart… via Truth Social, obviously… after the retail behemoth said it might have to hike prices thanks to tariffs. His message? Shut up and eat it. Literally. “EAT THE TARIFFS,” he posted, in all caps, adding that “valued customers” shouldn’t be charged “ANYTHING.” Subtle as a brick through a windshield, but on-brand as hell. (Source: Giphy) This a...
Well, if this morning is any indication on how the rest of the week is gonna go… It might be time to buy some put options on Big Tech. Because if you woke up, checked your portfolio, and thought, “Why does everything look like it’s been hit by a truck?”, you’re not crazy. At the time of writing, the S&P 500 futures are down more than 1% before markets even opened. Nasdaq futures are even uglier. And long-term Treasury yields? They blew past 5% like they...
The UAE just greenlit the largest AI data center campus outside the U.S., and four of America’s most powerful tech companies are neck-deep in it. Nvidia, Cisco, Oracle, and OpenAI are backing the so-called “UAE Stargate” project… a 5-gigawatt hyperscale beast being built in Abu Dhabi by Emirati AI firm G42. Think of it as a flex, a signal, and a Magnus Carlsen checkmate dressed up as a cloud computing facility. (Source: Giphy) In short, Nvidia is sh...
If you're still trying to wrap your head around how Carvana (yes, the vending machine for used cars) went from bankruptcy rumors to posting one of the strongest quarters in the market… you're not alone. Last week, the company reported a 46% year-over-year jump in units sold, moving nearly 134,000 used cars in Q1. Revenue hit $4.23 billion, up 38% from last year and easily clearing Wall Street’s $3.98B forecast. And earnings per share was $1.51, more than double the ex...
As my grandpa used to say while watching the Cardinals (back when they were in the playoffs year after year)… “Strike while the iron’s hot”. Well, Vistra’s swinging like it’s on a 10 game hitting streak. Late Thursday, Vistra dropped the bomb (metaphorically, of course) that it’s buying up seven natural gas facilities from Lotus Infrastructure Partners for $1.9 billion. That’s 2,600 megawatts of power generation spread across PJM, New Engla...
Half a trillion dollars in ignored red ink. That’s what the U.S. banking system is currently pretending doesn’t exist. $482.4 billion in unrealized losses on securities holdings, all neatly tucked away in footnotes like that’ll stop the bleeding. And according to our homeboys over at Fortune, this pile of financial rot is so massive, it could make Silicon Valley’s implosion look like a cake walk. (Source: Giphy) Of course, the official line right now...
A handful of Wall Street analysts just had a full-blown meltdown over chicken wings. Not a new tech IPO. Not an EV battery breakthrough. Wings. Specifically, Wingstop flippantly mentioned that it’s rolling out an AI-powered “Smart Kitchen” system, and analysts responded with a heavy dose of upgrade. The stock popped 7% on Wednesday. In today’s market, if your favorite toilet paper company so much as whispers the letters “AI,” there’s a decen...
Space used to be for governments, Bond villains, and billionaires with too much time on their hands (plus conspiracy theorists who can’t let go of their suspicion that the moon landing was faked). Now, it’s actually starting to look like the next frontier for real business (thank you Elon and Bezos). And if you’ve been watching quietly from the sidelines, wondering when all this moon and Mars talk might actually matter to your portfolio… this might be your wake-up call....
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