Nova Ltd.: Q1 Earnings Snapshot
REHOVOT, Israel — REHOVOT, Israel — Nova Ltd. (NVMI) on Thursday reported net income of $64.8 million in its first quarter.
The Rehovot, Israel-based company said it had profit of $2.03 per share. Earnings, adjusted for one-time gains and costs, came to $2.18 per share.
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Yahoo
41 minutes ago
- Yahoo
Israel-Iran Trade Fresh Blows as B-2 Bombers Head Over Pacific
(Bloomberg) -- Israel and Iran launched new strikes in a second week of hostilities, with the Isfahan nuclear facility targeted again, as Donald Trump deepened uncertainty about his readiness to join the conflict. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown The US military dispatched several B-2 bombers and refueling tankers over the Pacific Ocean from a base in Missouri, according to several media reports. The move is a possible sign that the planes are being positioned for a possible strike, although the Wall Street Journal cited officials saying that no order has been given to ready an operation. Israeli jets attacked Iran's Isfahan site for the second time, targeting a centrifuge production section, the Israel Defense Forces said. There were no leaks of hazardous material, Iran's semi-official Fars News reported. Israeli jets later on Saturday targeted military infrastructure in southwest Iran. The IDF earlier said it had identified missiles launched from Iran and was working to intercept them. Israeli Defense Minister Israel Katz said Saeed Izadi, who led part of the Islamic Revolutionary Guard Corps' overseas arm linked to financing and arming Hamas in Gaza, was killed in the Iranian city of Qom. Behnam Shahriyari, another IRGC member linked to supplying Lebanon's Hezbollah and other militias, was also killed, along with a third commander, according to an Israeli military official. Separately, Yemen's Houthi militants said they will target US vessels and battleships in the Red Sea if the US gets involved to support the Israeli attack on Iran, according to a statement published on a Houthi spokesperson's official Telegram account. After stepping up threats against Iran earlier this week, Trump appeared to dial back tensions Thursday, saying that he would hold off for two weeks to give diplomacy a chance. On Friday, he hinted at shortening the deadline, but also suggested he 'might' support a ceasefire while talks were underway. Iran has demanded the attacks stop before it enters negotiations, something Israel has refused to do. 'I'm giving them a period of time,' Trump told reporters in New Jersey, after meeting earlier Friday with his national security team. 'I would say two weeks would be the maximum.' Foreign ministers from the UK, France and Germany met their Iranian counterpart in Geneva on Friday. They made little apparent headway. 'Iran doesn't want to speak to Europe. They want to speak to us,' Trump said. 'Europe is not going to be able to help them.' French President Emmanuel Macron, in a post on X Saturday, said he spoke with his Iranian counterpart Masoud Pezeshkian and that he would accelerate the negotiations. Macron also reiterated his position on Iran's nuclear program, saying that Iran needed 'to provide full guarantees that its intentions are peaceful.' Iranian Foreign Minister Abbas Araghchi said Iran is ready to hold another meeting with the Europeans in the near future, the state-run IRNA news agency reported. No follow-up meeting has yet been scheduled and there was no agreement on where or in what format such talks would take place, according to a European official. The proposals made by the Europeans were unrealistic, Reuters cited an unidentified Iranian official as saying. Oil prices fell on Friday following a Reuters report that Iran is ready to discuss limitations on uranium enrichment, though they're still up significantly from before the conflict. A jittery week ended with losses in stocks as investors weighed geopolitical and trade developments. The dollar had its best week since February. The Iranian judiciary's Mizan news agency reported on Saturday that 430 people were killed and more than 3,500 wounded since the war began June 13. In Israel, at least 24 people have been killed and hundreds injured, the Associated Press reported. Araghchi was in Istanbul on Saturday to attend a summit of the Organisation of Islamic Cooperation, according to state-run TV. He is also scheduled to meet Turkish President Recep Tayyip Erdoğan on the sidelines. 'Israel is dragging our region into instability with the backing of western powers,' Erdoğan told the summit. Before a two-month-old negotiation process with the US was suspended in the wake of Israel's attack, Tehran had signaled its willingness to accept some restrictions on its enrichment activities. Israel and the US have said the Islamic Republic shouldn't be allowed to enrich uranium at all. 'We don't know how we can trust them anymore,' Araghchi said of possible talks with the US, in an interview with NBC on Friday. 'What they did was in fact a betrayal to diplomacy.' Most experts say a successful strike against the subterranean nuclear enrichment site at Fordow would require American participation, since Israel doesn't have the kind of munitions — like the most powerful bunker-buster bombs — with the ability to penetrate that deep underground. But there's a debate on the issue, with some claiming Israel has the necessary tools. Trump repeated his stated belief that Iran was a matter of weeks from getting a nuclear bomb when Israel attacked, and again dismissed US intelligence findings that Iran's leadership wasn't seeking to do so. He is due to attend a national security meeting again on Saturday. While some argue that US participation would shorten the war by eliminating Fordow quickly, others say it would escalate the conflict and risk spreading it to the wider region, including neighboring Gulf states. 'This war flies in the face of the regional order the Gulf countries want to build, which is focused on regional prosperity,' Anwar Gargash, a senior diplomatic adviser to the United Arab Emirates' president, told reporters in a briefing Friday. 'There are many issues in the region, if we choose to tackle everything with a hammer nothing will be left unbroken.' --With assistance from Chris Martlew, Akayla Gardner, Donato Paolo Mancini, Golnar Motevalli, Asli Kandemir, Ellen Milligan, Iain Rogers, Hadriana Lowenkron, Sara Gharaibeh, Fadwa Hodali, Skylar Woodhouse, Valentine Baldassari, Samy Adghirni and Jordan Fabian. (Updates with B-2 bombers being moved, Houthi threat starting in second paragraph.) Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
This Week's Market Momentum: 3 Exceptionally Active Options
Returning from the Juneteenth holiday respite, the markets are expected to head lower on Friday due to global geopolitical uncertainty stemming from the Israel-Iran conflict. Typically, on Fridays, I'll discuss the unusual options activity from the previous day's trading. I can't do that in light of the holiday and the markets being closed. This Options Tool Can Show You How to Trade Tesla Stock Ahead of Robotaxi Day Amazon Ratio Spread Targets A Profit Zone Between 190 and 200 How to Make a 2.0% Yield with UBER Over the Next Month Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! However, there were plenty of options action in the first three days of the week, so I've scoured the unusual options activity from Monday, Tuesday, and Wednesday, to find three stocks or ETFs that jump out for one reason or another. Monday led off the week with 945 unusually active options--defined as those with Vol/OI ratios of 1.24 or higher and expiring in seven days or longer--with the calls getting 61% of the action compared to 39% for the puts. Tuesday's put/call ratio was 41%/59%, another bullish day. On Wednesday, we saw more of the same, with calls accounting for 61% of the 1,065 unusually active options on the day, indicating that investors have yet to become concerned about the problems in the Middle East. That could change shortly. Let's get to the three that have captured my attention. Have an excellent weekend. Morgan Stanley's (MS) Dec. 17/2027 $80 put had the highest Vol (volume)/OI (open interest) ratio on Monday at 80.04. The volume of 8,004 was approximately half of the investment bank's 30-day average, making it a significant amount. Even more compelling because it was a single trade for 8,000 of the put contracts at 12:12 p.m. on Monday. Admittedly, when I first examined the top 100, I had a hard time understanding why someone would buy or sell this particular put, given that it is 39% out of the money (OTM). If you're bullish about Morgan Stanley's future, you likely wouldn't be buying the 8,000 put contracts to go long for downside protection. With a DTE (days to expiration) of 915, you probably wouldn't be selling them short, either, given the annualized return on the premium is just 2.6% [$5.10 bid price / $80 strike price*365 / 915]. However, when you think about it, the S&P 500 average dividend yield is currently 1.27%, so you're getting double that, without a near-term capital outlay, although you will need the cash on hand or margin equivalent should you have to buy the 800,000 shares of Morgan Stanley in December 2027. Morgan Stanley's current dividend yield is 2.79%, so you're effectively getting the same income, without spending $104.7 million [8,000 put contracts * 100 shares * $130.90 share price]. Nice. Exxon Mobil (XOM) had three unusually active options on Tuesday in double digits, including the Oct. 17 $150 call with the second-highest Vol/OI ratio at 48.72. The second and third call options from above are bets that the short-term price of oil will increase due to the ongoing conflict in the Middle East. In Nova Scotia, where I live, gas prices are regulated, with changes happening weekly or bi-weekly. The price increased by nearly five cents per liter today. With 10 days to expiration, the profit probability of both is low. You can sell before they expire to recoup some of the premium you paid. However, it is the $150 call on Oct. 17 that makes the most sense. With 122 days to expiration, oil prices could surge if the U.S. is dragged into the conflict. While Exxon Mobil can't run a business based on near-term oil prices, speculative investors would still pile in. The $0.10 ask price is just 0.20% of the $150 strike price and 0.26% of the $114 share price. That's peanuts for the big money out there. I like this Hail Mary bet. Planet Fitness (PLNT) had two unusually active options on Wednesday, with the July 18 $120 call in the top 100, with a Vol/OI ratio of 23.70%. Both OTM with 30 days to expiration, the Barchart Technical Opinion is a Strong Buy with the likelihood of its near-term trend continuing at 88%--the fitness chain's stock is up over 5% in the past five trading days--suggesting that a 30-day bet on its stock isn't the worst idea in the world. On June 16, TD Cowan analysts reiterated their Buy rating and a $125 target price, which is higher than both of the strike prices mentioned above. The broker has Planet Fitness as its top small and mid-cap investment idea. Of the 17 analysts covering PLNT stock, 15 rate it a Buy (4.65 out of 5). It currently trades at 37 times Wall Street's 2025 EPS estimate of $2.91 and 31 times the 2026 EPS estimate of $3.44. While that's high, its momentum makes it attractive to many investors. Of the two, I especially like the $120 strike because of its low outlay, which is just 0.54% of the strike price. Is there another 5% increase in the cards? There very well could be. On the date of publication, Will Ashworth did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
The Hill
an hour ago
- The Hill
Does Trump see an off-ramp for Iran's leaders and a historic tipping point?
President Trump has come to possibly one of the most historic tipping points of our time — a tipping point he may have accelerated. A tipping point which, if things continue in this direction, might recalibrate the Middle East for the better for decades to come. The question then becomes: How best to increase the positive momentum? One of the main reasons I believe Trump has been a successful and transformative president is because he brought decades of real-world business experience into the Oval Office for the first time in decades. Love them or not, Joe Biden was a 50-plus-years career politician; Barack Obama was a little-experienced local Chicago politician; George W. Bush was a 'nepo' politician who rode the coattails of his father; Bill Clinton was an academic and career politician; George H.W. Bush was a courageous war hero who then fell into a career of politics and diplomacy; Ronald Reagan was an actor and two-term governor of California; and so on and so on. All these presidents were still creatures of politics and beholden to their particular party. Aside from being the first president in our lifetimes to bring decades of real-world business experience into the White House, Trump gleefully and very publicly cut the special interests' umbilical cords which connected so many presidents to the entrenched elites in D.C. Hence the creation of the 'Never Trump' movement and now a decade of 'Trump Derangement Syndrome.' Trump does believe in 'America First.' To make that expression a reality, he is willing to break with the entrenched elites, outrage the legacy media, ignore academics who never worked in the real world, defy the 'globalist' leaders of other nations and, sometimes, challenge the thinking and perceptions of the MAGA movement. We are witnessing all those Trump tactics with regard to the latest Israel-Iran conflict. In the business world, you are often faced with 'buy,' 'sell' or 'sit this one out' opportunities. While building his global business empire, Trump has engaged in such negotiations thousands of times. More often than not, he acted upon instincts honed by decades of success. Many MAGA supporters — and quite possibly Trump himself — initially viewed the current Israel-Iran war as a 'sit this one out' situation. But Israel's attack on Iran's nuclear weapons facilities may have created an unplanned tipping point for Trump towards much greater peace and stability in the region, while strengthening the national security of the U.S. Going back to before to his first presidential campaign in 2015, Trump had long condemned the Iraq war, the tragic loss of life and the neocons and hawks who incessantly called for that invasion. We saw that same conviction from Trump when it came to the war in Ukraine. He wanted peace and was desperate to stop the useless slaughter of hundreds of thousands of human beings. During his decades of being a master business negotiator, Trump also knew that it was wise — and was often the key tactic — to offer the CEO and upper management of the company he was dealing with a face-saving off ramp. Trump may now sense that the leadership of Iran is desperate for such an off ramp. There is no doubt that Trump believes Iran to be a rogue state directly responsible for the killing and maiming of thousands of American soldiers; of controlling the most ruthless and dangerous terrorist organizations in the world; of openly calling for the annihilation of America; and which is directly destabilizing the Middle East, while causing the deaths and suffering of literally millions of people in the region. But that is the truth of the present and the past. What if one were presented with the rarest of opportunities — to affect the truth of the future? What if, via the actions of others, certain policies and happenstance, you were gifted a window to rid the world of a truly evil entity capable of killing millions? But it was a window quickly and maybe permanently slamming shut. No president in our lifetimes has pushed to keep Americans out of harm's way or for global peace more than Trump. He owes no one an apology nor an explanation. Trump does want peace — but knows peace and freedom come at a cost. In his first term, he saw the window to eliminate ISIS and jumped through it to crush the vilest terrorist organization the world has ever known. With regard to Iran, Trump ordered the elimination of Gen. Qassem Soleimani, a man directly responsible for the killing and maiming of countless American troops. Businessman Trump has operated with the 'carrot and stick' method his entire adult life. Usually while flying by the seat of his pants. Trump created the 'America First' movement. Now, his instincts may be telling him he has a fleeting sliver of time to create an 'Iran First' movement for the long-suffering people of that nation — a people yearning to live in peace, who hate those who have turned their nation into a murderous theocracy. Iranians are poised to act, but they need a tipping point to give them cover not to be slaughtered in the streets if they rise as one to reclaim their country. Trump may be about to give them that tipping point. Douglas MacKinnon is a former White House and Pentagon official.
