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Forbes
4 hours ago
- Forbes
FTSE 100's Dividend Edge: A Rare Opportunity For U.S. Income Investors
Firstly, I need to tell U.S. investors, 'This might be about the U,K., but pay attention because this applies to you.' It's dull of me to keep harping on about the difference between the relative valuations of the U.S. and U.K. markets, and you can explain it in many narrative ways, or you can simply be millennial about it and say, 'It is what it is,' but as investors we should instead say, 'I smell money!' So let's look at a chart: In the last 10 years, the Dow has outperformed the U.K. index by 100%. In a nutshell, the Dow has compounded by roughly 7% while the FTSE hasn't compounded by much at all. Should that be the case? No – not if the dividend yield is a guide, because the dividend yield of the Dow is roughly half that of the FTSE 100. This suggests, in old-school thinking, that the FTSE's long-term pricing values its dividends at half the price of the Dow's. If you think of the FTSE in terms of income alone, the dividend yield should be half what it is, and the price should be double to match the level of the venerable Dow Jones. Dividends have long since lost their position of investment primacy, but the logic of valuing a stock by its dividends still has currency, and such a divergence suggests that either the price of the high-priced one should fall, the price of the one with cheap dividends should rise, or both. However, before we muse on what to do, take a look at this: I'm a fan of accelerating charts. Information flows like honey, so when a long-term trend kicks off, it takes time for it to get on a stable course. The 'penny dropping' produces an acceleration, and then you see a rocket or a nosedive, with momentum driving the repricing. I'm tempted to see such an acceleration in the FTSE 100. So for the U.S. income investor looking for a crack at the FTSE uplift, there is the iShare MSCI UK ETF, which throws off a 3.8% dividend, and for the Brit there is the Core FTSE 100 Tracker. The FTSE is a dollar hedge, which is likely why it's rallying. Interest rates down, dollar down – it's that simple. Of course, it's no fun to invest in stodgy stocks when the bright lights of the MAG7 beckon. Look at that cheese on the wooden stage. That metal sculpture is pretty too– and oh that cheese is tempting, let's go…
Business Wire
6 hours ago
- Business Wire
BlackSky Secures Two-Year Gen-3 Early Access Agreement with New International Gen-2 On-Demand Customer Six Months from Initial Contract
HERNDON, Va.--(BUSINESS WIRE)--BlackSky Technology Inc. (NYSE: BKSY) secured a two-year Gen-3 early access agreement with a new international customer that initiated a Gen-2 On-Demand contract in January. The rapid expansion commitment illustrates the tremendous operational value and growing demand for combined Gen-3 very high-resolution imagery and Gen-2 low-latency, high-cadence dynamic monitoring services. 'BlackSky continues to be recognized as a trusted mission partner in helping our global customers quickly scale their advanced national space capabilities and become among the first to acquire early access to Gen-3." Share "BlackSky continues to be recognized as a trusted mission partner in helping our global customers quickly scale their advanced national space capabilities and become among the first to acquire early access to Gen-3,' said Brian O'Toole, BlackSky CEO. 'Existing On-Demand customers are quickly realizing how the immediate availability and powerful, comprehensive tip-and-cue utility between our Gen-3 and Gen-2 systems delivers a critical real-time decision advantage for daily military and intelligence operations.' The proven on-orbit operational and technical heritage of the Gen-2 constellation has been leveraged into the design and operations of Gen-3. Gen-3 satellites generate high-cadence, time diverse 35-centimeter imagery that enables automated identification and classification of a wide library of vehicles, aircraft, vessels and other objects of military interest, enhancing the value of BlackSky's current Gen-2 dawn-to-dusk dynamic monitoring services. 'As we integrate more and more Gen-3 satellites into the fleet, our early access customers will experience unparalleled reliability and quality of imagery at industry-leading speeds in support of the full range of strategic to tactical ISR missions,' said O'Toole. On-Demand services provide flexible, subscription-based access to global satellite imagery and AI-driven analytics. The service is ideal for operations where responsiveness is paramount, with access to immediate tasking, multi-sensor data fusion and mission-ready insights when and where a customer needs them. About BlackSky BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry's most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra® tasking and analytics software platform and our proprietary low earth orbit satellite constellation. With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit and follow us on X. Forward-Looking Statements Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky's disclosure materials filed from time to time with the SEC which are available at the SEC's website at or on BlackSky's Investor Relations website at
Yahoo
7 hours ago
- Yahoo
Circle stock jumps after quarterly revenue beats estimates in first earnings since blockbuster IPO
Circle (CRCL) stock jumped over 6% in premarket trading on Tuesday morning after the stablecoin issuer posted better than expected quarterly results for the first time since going public. The company posted a loss per share of $4.48, with revenue of $658 million versus the $647 million analysts expected. The company's net loss of $482 million was affected by IPO-related charges. Circle also announced Arc, an open Layer-1 blockchain, designed to provide a foundation for stablecoin payments and capital markets applications. The stock is up more than 400% from its IPO price of $31 per share as crypto-friendly legislation has lifted the sector. Circle has been at the center of optimism over the stablecoin market following the passage of the GENIUS Act, legislation that creates guardrails and a framework for digital tokens backed by assets such as the US dollar. Circle makes much of its money from interest income — specifically from short-term Treasury bills backing its stablecoin, USDC (USDC-USD). The company's income earned from the management of stablecoin-related reserves grew from $735.9 million in 2022 to $1.4 billion in 2023 and $1.7 billion in 2024. That represented 95.3%, 98.6%, and 99.1%, respectively, of Circle's total revenue from continuing operations. Reserve income increased 50% year-over-year to $634 million, primarily from an 86% growth in USDC stablecoin circulation. Circle also shares part of its revenue with Coinbase (COIN), a major partner. Last month, Wall Street analysts flagged risks heading into the back half of the year for the high-flier, including rising distribution costs. "In the coming months, we expect Circle to expand its distribution network while sharing a greater percent of interest income," Compass Point analyst Ed Engel wrote. He downgraded the stock to Sell from Neutral. "We also expect traditional banks and Fintechs to announce competing stablecoin products," he added. However, others on Wall Street see the stock as a way for investors to participate in rising enthusiasm over stablecoins. "CRCL is a global leader in stablecoins and is the purest stablecoin play in the public markets right now, and we anticipate further gains in the shares as the company creates new opportunities for itself and its partners," wrote Seaport Research analysts Jeff Cantwell last month. The analyst has a Buy Rating and price target of $280 on the stock. Circle's results come as the overall market hovers near all-time highs and crypto rallies on expectations of Federal Reserve rate cuts and President Trump's push to include crypto in 401(k) plans. Bitcoin (BTC-USD) and ethereum (ETH-USD) have both emerged as winners in the crypto space. On Monday, Bernstein analysts noted Circle as a way to play growing interest in the ethereum network, as its native coin has surged roughly 20% year to date. "Circle's USDC is minted and settled on Ethereum," wrote analyst Gautam Chhugani and his team on Monday. The analyst notes that over the last three months, USDC's total supply has increased by 7% to over $65 billion. "The rise of Ethereum and its growing on-chain financial ecosystem drives demand for USDC as collateral in smart contracts (e.g trading/lending/asset management applications) as well as settlement currency/collateral," wrote Chhugani. Wall Street analysts currently have nine Buy, five Hold, and four Sell ratings on Circle stock. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
