RiverFront Investment Group maintains an overweight stance on US technology stocks, arguing that current valuations and earnings quality differ significantly from the 1999 dot-com bubble. Tech stocks trade at about 23x forward earnings versus 40x in 1999, with profit margins now over 26%, indicating healthier fundamentals. Crucially, free cash flow currently exceeds reported earnings, unlike during the 1999 bubble, suggesting solid business performance. While risks like rising interest rates and geopolitical tensions exist, recent inflation data offers some relief, and IPO supply is manageable given the market's depth. RiverFront will monitor cash flow trends closely as a key signal for any shift in tech investment strategy.
Shares of space-related companies like Planet Labs, Intuitive Machines, Firefly Aerospace, and Virgin Galactic dropped sharply amid no company-specific bad news. The selloff is driven by investor capital rotating toward SpaceX, which recently went pu...
SpaceX announced it will acquire Anysphere, the parent company of AI code-writing startup Cursor, for $60 billion in an all-stock deal expected to close in Q3. This move follows SpaceX's record-breaking IPO and aligns with Elon Musk's growing focus o...
Elon Musk's SpaceX recently went public, raising questions about a potential IPO for its Starlink subsidiary. Data from prediction market Kalshi shows only a 7-10% chance of a Starlink IPO announcement before mid-2027. Meanwhile, Musk predicts SpaceX...
SpaceX shares jumped 16% to about $187 following its recent IPO priced at $135, driving a rally in the space sector. Rocket Lab's stock rose 7% to $109, benefiting from the positive momentum and strong financial results, including a 64% revenue incre...
The Dow Jones Industrial Average surged 630 points to a record high following a preliminary U.S.-Iran peace deal that caused oil prices to fall sharply. This drop in crude prices eased inflation concerns and boosted growth stocks, with the Nasdaq gai...
