Learning archive

How AT&T Stock (NYSE:T) Is Back to Its Winning Ways
  • December 6, 2024

How AT&T Stock (NYSE:T) Is Back to Its Winning Ways

After several years in the doghouse for many investors, AT&T (T) is firing on all cylinders and back to its winning ways. I previously highlighted AT&T as a contrarian bet at the beginning of 2024, when the stock was trading at $17.31, and the stock has performed well since then, gaining over 35%. I remain bullish on the telecom giant based on its more focused and streamlined approach to the business, its commitment to returning capital to shareholders, its attractive 4.9% dividend yield, and it

Read More
CONX Enhances Market Position with Strategic Acquisition
  • December 6, 2024

CONX Enhances Market Position with Strategic Acquisition

The latest announcement is out from CONX ( (CNXX) ). CONX Corp has acquired a controlling interest in RED Technologies, a leader in spectrum-sharing technologies, for up to €18.6 million. This strategic acquisition aims to enhance CONX’s position in the connectivity sector by leveraging RED’s innovative solutions for the CBRS market. The deal promises to bolster the development of advanced features aligning with the FCC’s vision, while RED’s management remains in charge to drive growth in the U.

Read More
RBC Picks 2 Utility Stocks Powering the Data Center Revolution
  • December 6, 2024

RBC Picks 2 Utility Stocks Powering the Data Center Revolution

Utility companies have long delivered reliable power, a service we’ve come to depend on without question. However, growing demand is putting new pressure on the grid and highlighting the need for expansion. The source of the new demand is hardly a secret – AI technology is booming, and it requires large-scale data centers to support its software and applications. And those data centers are notorious power consumers. This situation has made it profitable for utility companies to start expanding t

Read More
Prologis downgraded to Underperform from Market Perform at BMO Capital
  • December 6, 2024

Prologis downgraded to Underperform from Market Perform at BMO Capital

BMO Capital downgraded Prologis (PLD) to Underperform from Market Perform with a price target of $104, down from $120. Prologis is a “world-class company with a moat business,” but its valuation screens expensive, the analyst tells investors in a research note. The firm says the company’s s embedded growth is set to moderate back to pre-COVID levels by 2026. Industrial leasing demand is down 56% year-over-year, and BMO does not see a near-term rebound with Amazon expanding modestly and shifting

Read More
Prospect Capital’s Private Credit Fund Cut to Junk by S&P
  • December 6, 2024

Prospect Capital’s Private Credit Fund Cut to Junk by S&P

(Bloomberg) -- S&P Global Ratings lowered its rating on Prospect Capital Corp. to BB+, or one step into junk territory, citing losses and a deterioration in credit quality for the $7.6 billion private credit fund.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCompared to peers, Prospect has received a higher proportio

Read More
Trillion-Dollar Gap Shows Diverging Korea, Taiwan Stock Fortunes
  • December 6, 2024

Trillion-Dollar Gap Shows Diverging Korea, Taiwan Stock Fortunes

(Bloomberg) -- As South Korea descends into political chaos, its equity market risks falling further behind major tech rival Taiwan, which is basking in the glory of the global artificial intelligence boom.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectA near 30% surge in Taiwan’s stock benchmark this year, set to be

Read More