Latest news with #Guilfoyle
Miami Herald
3 days ago
- Business
- Miami Herald
Veteran trader turns heads with Netflix comments
When in Rome, you may want to avoid the Colosseum. Back in ancient times, the Romans used the massive amphitheater to stage all kinds of spectacles, including gladiator contests, so sitting in the cheap seats was a good way to ensure you'd make it home for dinner. Don't miss the move: Subscribe to TheStreet's free daily newsletter Running a successful company can feel a bit like walking into an arena, although the body count tends to be a little lower. Nevertheless, survival of the fittest is still the No. 1 rule. Streaming giant Netflix (NFLX) has been taking on all comers over the years. The Los Gatos, Calif., company. founded in 1997 as a mail-order-DVD-rental operation, began offering streaming services a decade later. TheStreet Pro's Stephen Guilfoyle remembers those early days, when he took short positions on Netflix a few times when the company faced serious competition in the streaming space. Rivals included Disney+ and the Disney (DIS) bundle that came with Hulu and ESPN+. Comcast's (CMCSA) Peacock and Paramount Global's (PARA) Paramount+. Bloomberg/Getty Images "In came a host of competitors with their own legacy-driven portfolios of content," the veteran trader said in his recent column. "How could Netflix have not been overpriced as those kinds of players entered into an arena that had been dominated by one name?" Yet in those early days, each and every time Guilfoyle played Netflix from the short side (betting on a stock-price drop) going into the earnings report, he ended up spending weeks managing risk, doing his best to minimize the damage. "Damage done as Netflix sped off into the sunset and laughed at my foolishness," he said. Gradually, Guilfoyle, whose career dates to the floor of the New York Stock Exchange in the 1980s, learned to avoid shorting Netflix. But don't get him wrong, as he'll trade anything from either side on a short-term or momentum-driven basis, "from Netflix to hubcaps to baseball cards." "That said, I haven't shorted Netflix as an investment for years now. That was a lesson painfully learned," Guilfoyle said. "Much to my amazement, Netflix is still the king of streaming entertainment as legacy media continues to rot from within." "While those competitors watch their legacy businesses erode, they all struggle to run their streaming operations profitably," he added. "Netflix? Yes, Netflix keeps on growing its subscription base and keeps on posting chunky numbers for profitability. Quarter after quarter." More Wall Street Analysts: Wells Fargo analysts reboot stock price targets after Fed actionApple analyst raises alarm about earnings, revenue growthAnalyst initiates SoFi coverage, mulls loans, growth prospects Guilfoyle tipped his cap to Executive Chairman Reed Hastings for never losing focus and took off his hat to Co-CEOs Ted Sarandos and Greg Peters, "who took on the roles of day-to-day leadership two and half years ago now without the firm ever skipping a beat." He suggests: "Take some profits if one is already long? We always like to take the principal out of long positions if we can and get down to house money. I won't be getting short this name. Been there, done that. "Would I buy the shares if there were to be a period of consolidation?" he asked. Using technical analysis he says yes - but "a lot lower ... at $1,078 right now." The stock closed June 5 regular trading up 0.9% at $1,250.52. Shares of Netflix, which recently wrapped up its Tudum 2025 fan event, are up about 41% in 2025 and have nearly doubled (up 93%) from a year ago. Several investments firms recently issued research reports on Netflix, including Bank of America Securities, which raised the its price target on the company to $1,490 from $1,175 and kept a buy rating on the shares. "Netflix has been a top performer in our coverage, and we continue to view the company as well-positioned moving forward," the firm said in a research note. B of A said it still saw Netflix as "well-positioned given the company's unmatched scale in streaming." It has "further runway for subscriber growth, significant opportunities in advertising and sports/live and continued earnings and free cash flow growth." The return of Netflix's three most watched series - "Squid Game" on June 27, "Wednesday" on Aug. 6 and "Stranger Things" in the second half - alongside new releases support healthy subscriber retention and growth, the firm said. "Finally, key live events such as boxing from Madison Square Garden (produced by Most Valuable Promotions/Jake Paul), and strong NFL Christmas Day matchups will boost Netflix's ad-supported efforts," B of A said. Related: Uber shares hit pothole ahead of Tesla Robotaxi debut Evercore ISI raised its price target on Netflix to $1,350 from $1,150 and affirmed an outperform rating following US and UK survey work. Netflix is facing a "very large" total addressable market of $650 billion-plus global entertainment revenue, excluding China and Russia, of which it still accounts for less than 10% share, the firm said, according to The Fly. Evercore says the company has an "extremely strong and growing value proposition" and an "excellent track record of innovation." Netflix's business model has been inflecting up with wider operating margins and more free cash flow, enabling it to buy back shares and eventually pay a dividend. "In the event of a recession, Netflix's $7.99 ad-supported offering might be the single greatest entertainment value in the land," Evercore said, saying that the core Netflix metrics it monitors were mixed to positive in both the US and the UK. Related: Apple analyst raises alarm about earnings, revenue growth The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
01-06-2025
- Business
- Yahoo
Veteran trader makes bold move with Palantir, Rocket Lab and SoFi
Veteran trader makes bold move with Palantir, Rocket Lab and SoFi originally appeared on TheStreet. Admiral Ackbar knew when it was time to bail. The amphibious military commander of the Rebel Alliance achieved meme immortality when he uttered the fateful phrase "It's a trap!" in "Star Wars: Return of the Jedi," after learning that the Death Star was fully operational and open for murderous business. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 TheStreet Pro's Stephen Guilfoyle isn't so sure. While the veteran trader doesn't have to contend with a planet-destroying space station, he does invest in stocks, which on some days can be scary enough to make Darth Vader cry for his mommy. Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, invoked the Ackbar meme in a recent column following the stock market rally on May 29. "Is this a trap?" he asked. "The answer is definitely 'maybe.'" Stocks surged after the Court of International Trade struck down President Donald Trump's sweeping tariff agenda on the grounds that he had overstepped his authority. A federal appeals court quickly paused the decision. "That certainly tempered any enthusiasm that had existed, though I must say that most human traders had expected a quick appeal," Guilfoyle said. "The early-morning surge had something of a hollow, algorithm-driven feel to it." As far as trading goes, well, Guilfoyle did something he doesn't usually do: He took some money off the table without reaching specific levels. More Palantir Palantir gets great news from the Pentagon Wall Street veteran doubles down on Palantir Palantir bull sends message after CEO joins Trump for Saudi visit "I did not cancel any target prices and still have large, long positions in several of my favorite names, but I used late-afternoon and after-hours strength and took an extra round of profit-taking across some of my beloved 'Stocks Under $10' plays, namely Palantir Technologies, Rocket Lab USA, and SoFi Technologies." So what's going on with these companies? Well, the Trump administration is expanding Palantir's () work with the federal government, according to The New York Times. The big-data-analytics-software provider has received more than $113 million in federal spending since Trump took office, including additional funds from current contracts as well as new ones with the Department of Homeland Security and the Pentagon. These do not include a $795 million contract that the Department of Defense awarded the company last week. That money has not been spent. At least three members of Elon Musk's Department of Government Efficiency formerly worked at Palantir, the Times said, while two others worked at companies founded by the billionaire investor Peter Thiel, one of Palantir's founders. Fannie Mae () , or Federal National Mortgage Association, said it launched its AI-powered Crime Detection Unit in partnership with Palantir. CEO Alex Karp said that the mortgage fraud detection could be done in a way that 'protects the underlying data and protects the privacy of the people submitting their forms," CNBC reported. Roth Capital analyst Suji Desilva on May 28 raised the investment firm's price target on Rocket Lab () to $35 from $25 and affirmed a buy rating on the shares, according to The Fly. Desilva cited the aerospace company's planned acquisition of privately held Geost, a sensor-payload vendor that targets primarily critical national security said he was encouraged by Rocket Lab's portfolio expansion while it drives both diversification and increased opportunity to offer integrated solutions. Stifel analyst Erik Rasmussen, also encouraged by the Geost acquisition, boosted his price target on Rocket Lab to $34 from $29 and maintained a buy rating. Rasmussen noted the deal's strategic rationale as Rocket Lab is acquiring key technologies to enter the satellite-payload segment, "creating a new category and positioning the company as a disruptor for national security space." SoFi, which has seen its stock climbing recently, beat Wall Street's first-quarter-earnings forecasts last month largely due to strong demand for its loans from both borrowers and investors. The company raised its full-year guidance. Guilfoyle is also watching the University of Michigan's May revision to its Consumer Sentiment Survey. Several other economic reports are due as well, including the Chicago PMI, the PCE Price Index and wholesale inventories. And he just might take some profits from BlackBerry () and Peloton Interactive () , "as we also have nice gains to protect in those names." "Before anyone panics, I repeat, I remain long all of these names in decent size," he said. "I have not changed target prices for any of them. This is just risk management." "These shares can always be added back if I am wrong," Guilfoyle explained. "Aside from a heavy slate of macro this morning, there are some obvious bumps in the road developing."Veteran trader makes bold move with Palantir, Rocket Lab and SoFi first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Sign in to access your portfolio
Miami Herald
30-05-2025
- Business
- Miami Herald
Veteran trader makes bold move with Palantir, Rocket Lab and SoFi
Admiral Ackbar knew when it was time to bail. The amphibious military commander of the Rebel Alliance achieved meme immortality when he uttered the fateful phrase "It's a trap!" in "Star Wars: Return of the Jedi," after learning that the Death Star was fully operational and open for murderous business. Don't miss the move: Subscribe to TheStreet's free daily newsletter TheStreet Pro's Stephen Guilfoyle isn't so sure. While the veteran trader doesn't have to contend with a planet-destroying space station, he does invest in stocks, which on some days can be scary enough to make Darth Vader cry for his mommy. Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, invoked the Ackbar meme in a recent column following the stock market rally on May 29. "Is this a trap?" he asked. "The answer is definitely 'maybe.'" Stocks surged after the Court of International Trade struck down President Donald Trump's sweeping tariff agenda on the grounds that he had overstepped his authority. A federal appeals court quickly paused the decision. "That certainly tempered any enthusiasm that had existed, though I must say that most human traders had expected a quick appeal," Guilfoyle said. "The early-morning surge had something of a hollow, algorithm-driven feel to it." As far as trading goes, well, Guilfoyle did something he doesn't usually do: He took some money off the table without reaching specific levels. More Palantir Palantir gets great news from the PentagonWall Street veteran doubles down on PalantirPalantir bull sends message after CEO joins Trump for Saudi visit "I did not cancel any target prices and still have large, long positions in several of my favorite names, but I used late-afternoon and after-hours strength and took an extra round of profit-taking across some of my beloved 'Stocks Under $10' plays, namely Palantir Technologies, Rocket Lab USA, and SoFi Technologies." So what's going on with these companies? Well, the Trump administration is expanding Palantir's (PLTR) work with the federal government, according to The New York Times. The big-data-analytics-software provider has received more than $113 million in federal spending since Trump took office, including additional funds from current contracts as well as new ones with the Department of Homeland Security and the Pentagon. These do not include a $795 million contract that the Department of Defense awarded the company last week. That money has not been spent. At least three members of Elon Musk's Department of Government Efficiency formerly worked at Palantir, the Times said, while two others worked at companies founded by the billionaire investor Peter Thiel, one of Palantir's founders. Fannie Mae (FNMA) , or Federal National Mortgage Association, said it launched its AI-powered Crime Detection Unit in partnership with Palantir. CEO Alex Karp said that the mortgage fraud detection could be done in a way that "protects the underlying data and protects the privacy of the people submitting their forms," CNBC reported. Roth Capital analyst Suji Desilva on May 28 raised the investment firm's price target on Rocket Lab (RKLB) to $35 from $25 and affirmed a buy rating on the shares, according to The Fly. Desilva cited the aerospace company's planned acquisition of privately held Geost, a sensor-payload vendor that targets primarily critical national security missions. Related: Palantir gets great news from the Pentagon He said he was encouraged by Rocket Lab's portfolio expansion while it drives both diversification and increased opportunity to offer integrated solutions. Stifel analyst Erik Rasmussen, also encouraged by the Geost acquisition, boosted his price target on Rocket Lab to $34 from $29 and maintained a buy rating. Rasmussen noted the deal's strategic rationale as Rocket Lab is acquiring key technologies to enter the satellite-payload segment, "creating a new category and positioning the company as a disruptor for national security space." SoFi, which has seen its stock climbing recently, beat Wall Street's first-quarter-earnings forecasts last month largely due to strong demand for its loans from both borrowers and investors. The company raised its full-year guidance. Guilfoyle is also watching the University of Michigan's May revision to its Consumer Sentiment Survey. Several other economic reports are due as well, including the Chicago PMI, the PCE Price Index and wholesale inventories. And he just might take some profits from BlackBerry (BB) and Peloton Interactive (PTON) , "as we also have nice gains to protect in those names." "Before anyone panics, I repeat, I remain long all of these names in decent size," he said. "I have not changed target prices for any of them. This is just risk management." "These shares can always be added back if I am wrong," Guilfoyle explained. "Aside from a heavy slate of macro this morning, there are some obvious bumps in the road developing." Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
29-05-2025
- Business
- Yahoo
Analyst flags new quantum computing stocks to buy
Analyst flags new quantum computing stocks to buy originally appeared on TheStreet. Last week, investors took note as a group of unexpected tech stocks started rising steadily. These companies weren't part of the Magnificent 7, a group of tech leaders responsible for most of the sector's growth. In fact, they often fly under most investors' radar. The companies were part of the quantum computing field. This fast-growing market centers around a type of computing that leverages the principles of quantum mechanics, solving complex problems by utilizing quantum bits (qubits) of information at significantly higher speeds than traditional computers. 💵💰💰💵 While quantum computing is sometimes overshadowed by artificial intelligence (AI), the industry has been making strides lately, particularly by one company. Its most recent news sent quantum computing stocks surging last week, though the momentum has since cooled. However, one financial expert believes the sector is poised for growth. He recently flagged a few quantum computing stocks as likely winners. When quantum computing stocks are trending, it's often due to updates from D-Wave Quantum () . A leader in practical quantum computing, D-Wave has emerged as the industry's leader, rising more than 470% over the past two Street veteran Stephen Guilfoyle, who follows the sector closely, recently highlighted the progress demonstrated both by D-Wave and its peer Quantum Computing () , a company that produces photonic hardware solutions for quantum machines. While Guilfoyle admits that he prematurely exited his position in D-Wave, he now sees it as a small-cap stock that is 'ripe for the picking' for investors looking to gain exposure to the fast-growing quantum computing industry. While he describes QBTS as being 'more ripe' than QUBT, he sees potential in both stocks. Earlier this month, D-Wave reported extremely strong Q1 earnings, setting records for both Generally Accepted Accounting Principles (GAAP) gross profit and quarterly end cash position. Guilfoyle highlighted both companies' earnings progress in a recent analysis, stating: 'Two weeks ago, Quantum Computing went to the tape with the firm's first quarter financial results. The firm posted a GAAP EPS of $0.11, which was a surprise profit, on revenue of just $39,000. That top-line number, believe it or not, was good enough for year-over-year growth of 44%. D-Wave, on the other hand, in early May, posted a Q1 GAAP EPS of -$0.02 on revenue of $15 million. That number, while still minuscule in our world, was enough to drive year-over-year growth of 507%.' More Wall Street News: Billionaire fund manager dumps Tesla in favor of other tech stock Top analyst sends bold message on S&P 500 Billionaire fund manager, skeptical of AI, backs shocking stock The analyst also flags a positive change for D-Wave, stating that its balance sheet had improved and should no longer be considered inferior to Quantum Computing's. While he adds that D-Wave's books include a few longer-term liabilities, he notes that it has adequate cash to address them should the need arise. In his analysis, Guilfoyle is careful to note that by traditional financial standards, both QBTS and QUBT should be considered 'grossly overvalued.' He notes, though, that capital is still flowing into Palantir Technologies, an AI-focused software producer that is also considered overvalued and is currently up almost 500% for the TheStreet reported earlier this year, several quantum computing stocks surged late in 2024, leading to speculation that their high valuations could pose problems in the near future. While these companies may be overvalued, Guilfoyle doesn't seem worried about the future of the industry. He still believes that quantum computing is a sector ripe with potential, comparing it to another area of technology that has boomed recently. 'Generative AI is the latest and greatest thing now in the technology world and will likely be with us from anywhere from a long time to something close to the rest of conceivable time as it evolves,' he states. 'That said, quantum computing will be far more powerful and speedy than any supercomputer invented so far. Quantum computing, in my amateur opinion, remains the next great thing.' If he is correct, companies like D-Wave and Quantum Computing are likely well-positioned to help lead the charge as this new frontier of technology continues to mint a new generation of market flags new quantum computing stocks to buy first appeared on TheStreet on May 28, 2025 This story was originally reported by TheStreet on May 28, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Podcasting, alcohol branding, and consulting: What we know about Kimberly Guilfoyle's multimillion-dollar fortune
Kimberly Guilfoyle is Trump's nominee to be US ambassador to Greece. Her financial disclosure was released last Tuesday, showing she made more than $1.7 million last year. Here's what we known about Guilfoyle's wealth. Kimberly Guilfoyle, the former Fox News host President Donald Trump nominated to serve as US ambassador to Greece, made over $1.7 million last year. The bulk of her income came from a variety of consulting and fundraising work, according to a financial disclosure document filed in February that became publicly available in late May. Her clients included two pro-Trump super PACs — Right for America and Make America Great Again, Again! — and a company called Adelanto Healthcare Ventures. Guilfoyle dated Donald Trump Jr. from 2018 to 2024. The single largest source of income was her podcast: She disclosed earning nearly $770,000 as the host of "The Kimberly Guilfoyle Show" on the right-wing video platform Rumble. Guilfoyle also disclosed assets worth between $4 million and $18.3 million. She listed herself as the CEO and founder of a spirits branding company called "American Dream Corp," which has since been dissolved. A 2023 article from Impact Wealth said that the company would target "a core demographic of America First supporters" and would launch vodka and champagne brands. Guilfoyle said on her disclosure that the company was worth between $1 million and $5 million. She also listed herself as a managing member and owner of a company called "Metropolitan Medspa" based in Palm Beach Gardens, valued on the form as between $1 million and $5 million. The rest of Guilfoyle's wealth is bound up in various stocks and investment funds, totaling between $1.7 million and $7.7 million. Nominees are generally only required to list what range the values of their assets fall into, rather than exact amounts. She has significant investments in Big Tech firms: She disclosed owning at least $45,000 in Apple stock, at least $36,000 in Alphabet stock, and at least $30,000 in Amazon stock. She has agreed to divest from many of these stocks upon Senate confirmation. Guilfoyle did not return a request for comment from Business Insider. Here's a copy of Guilfoyle's financial disclosure: This embedded content is not available in your region. Read the original article on Business Insider Sign in to access your portfolio
