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SpaceX "Looks Unusually Cheap" On The Forward: Morgan Stanley
SpaceX "Looks Unusually Cheap" On The Forward: Morgan Stanley
SpaceX shares rose more than 5% in mid-morning trading in New York, breaking above the trading range that had contained the stock since mid-August. Shares climbed past the $160 level to $167.
Morgan Stanley analyst Adam Jonas wrote that SpaceX shares at these levels offer an inexpensive way to gain exposure to the space and artificial intelligence economy when adjusted for projected earnings growth.
"We expect developments over the next few months will help investors better appreciate the role of SPCX in addressing...
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Exxon & Chevron Shares Jump After Big Q1 Earnings Beat
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The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite sizable production outages).
Ahead of the results, Exxon and Chevron had both flagged major reductions in 1Q earnings due to “timing effects,” or paper losses on derivatives tied to cargoes that had not yet reached their destinations before the end of the quarter.
These accounting charges are expected to fully unwind...
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Modern Wars Cannot Be Won Without Kamikaze Drones, Paris Defense Show Makes Clear
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