ASA Gold & Precious Metals Limited is transitioning from a gold and mining closed-end fund (CEF) to a credit-focused business development company (BDC) managed by Saba, which now owns about 32% of ASA. This shift aims to generate management fees and pursue illiquid credit opportunities from stressed BDCs. ASA shares currently trade at a 20% discount to net asset value (NAV), with a potential 10% arbitrage return if the conversion is approved. Investors should watch for shareholder approval and remain aware of gold market risks until the transition is finalized.
Millrose Properties is rated a Strong Buy, trading at 9 times its 2027 FFO and offering a dividend yield above 10%. The company's growth prospects extend beyond its partnership with Lennar, especially through Other Agreements yielding 10.6%, which pr...
Nebius surged 8% after announcing a strategic partnership with Palantir Technologies to combine AI infrastructure and software analytics. This collaboration positions Nebius as a preferred sovereign AI infrastructure provider, potentially unlocking n...
The iShares Russell Mid-Cap Growth ETF (IWP) is rated as a Hold because its long-term performance has been underwhelming, with an annualized active return of -0.34% from 2001 to 2026. Despite some advantages over the broader market ETF IVV in growth-...
During the Labor Day weekend when traditional stock markets were closed, tokenized stocks on decentralized exchanges traded over $1 billion in volume, nearly matching Friday's activity. Robinhood Chain led with $572.8 million in trades, followed by s...
NewGenIvf, a Cayman-based IVF company, completed its exit from XRP in 2025 with a small realized gain, while ending the year holding about 13,000 Solana (SOL) tokens. Despite nearly $943,000 in realized crypto gains across XRP, Bitcoin, Ethereum, and...
