Smith & Wesson Brands, Inc. reported strong FY26 results driven by over 10% revenue growth to $523 million, mainly from handgun sales which make up 80% of revenue. The company successfully raised prices without hurting demand and repaid $60 million in debt, leaving $19 million notes payable. With a projected free cash flow of $75 million in FY27 despite increased capital spending on new CNC machines, Smith & Wesson is well positioned to return value to shareholders through dividends and buybacks. This strong financial position and growth outlook led to an upgrade to Buy with an attractive 12% free cash flow yield.
John Jumper, a Nobel Prize-winning scientist known for leading DeepMind's AlphaFold team, announced his departure from DeepMind after nearly nine years to join Anthropic, a competing AI company. Jumper's work on AlphaFold, which predicts protein stru...
Bitdeer Technologies, a NASDAQ-listed Bitcoin mining firm, sold all 3,231 BTC it owned since February 2026, totaling over $205 million. The company is using the proceeds to shift from pure Bitcoin mining to building AI and high-performance computing ...
SpaceX's stock surged 67% above its IPO price shortly after debut but has since cooled to a 33% gain. The initial excitement is fading, yet the company is expected to be added to stock indexes soon. This inclusion could attract a new wave of investor...
AbbVie is close to acquiring Apogee Therapeutics for $10.9 billion in cash. Apogee is developing a long-acting drug for atopic dermatitis that blocks the IL-13 protein causing eczema. The drug is expected to enter Phase 3 trials later this year, pote...
Shift4 Payments has partnered with Lydian to integrate Tether's USDT stablecoin into its Pay with Crypto solution, allowing customers to pay with crypto wallets while merchants receive fiat currency instantly. This upgrade means merchants can accept ...
