Avnet, Inc. is rated a buy with a projected 21.9% annualized return driven by strong Q4 adjusted EBITDA of $1,348.3 million, reflecting effective operating leverage and cost discipline. Despite trading above its five-year average EBITDA multiple, the stock is expected to trade below that average by fiscal 2027, supporting a favorable risk/reward profile. Key risks include dependence on Q4 performance as a baseline, potential working capital fluctuations impacting free cash flow, and dilution risks from convertible notes with buybacks restricted until September 2026. Even if valuation multiples compress, returns remain attractive, reinforcing the bullish outlook.
A leading Ethereum trader known for a 23-win streak lost $49 million after ETH's sudden price surge triggered massive liquidations of short positions. The rapid market reversal caused about $3 billion in crypto liquidations, with shorts accounting fo...
AIA Group announced robust Q2 2026 results, with a 13% rise in operating profit after tax to $4.2 billion and a 10% increase in the interim dividend per share. The value of new business grew 10% to a record $3.2 billion, driven by growth across most ...
Bitcoin surged past $70,000, reaching $71,570—the highest since June 2—driven by a short squeeze that liquidated over 160,000 traders and was supported by US government actions like crypto legislation efforts and bond buybacks. Despite the rally, man...
Oil prices increased sharply after U.S. President Donald Trump declared an unprecedented economic campaign against Iran, calling it "economic warfare." Brent crude rose to $93.08 per barrel, and U.S. West Texas Intermediate futures also climbed. The ...
The FTSE 100 index fell by 26 points to 10,717, weighed down by an 11% drop in JD Sports shares following a profit warning. Meanwhile, Bitcoin surged nearly 8% to around $69,500, its highest since June, driven by a White House meeting with crypto exe...
