Latest news with #HowardSmith
Yahoo
4 days ago
- Business
- Yahoo
Why Nucor Stock Jumped 10% This Week
New tariffs could drive steel prices higher. Nucor has invested billions to grow its earnings power. The steel company should see a surge in free cash flow as capital projects ramp up operations. 10 stocks we like better than Nucor › Not every investor wants to invest in a cyclical sector. But it can be an important addition to a well-diversified portfolio. Nucor (NYSE: NUE) is the largest pure-play steel and steel products company in North America. While it is most commonly thought of as more of an income stock than a growth stock, shares popped as much as nearly 12% at one point this week. The stock has now moved off a three-year low it hit in early April. That was aided by the 10% surge it has made this week as of early Friday morning, according to data provided by S&P Global Market Intelligence. This week's move came after President Donald Trump announced the doubling of steel tariffs to 50% and officially implemented that raised level on June 4. That could be a meaningful move for the leading domestic steel company. Nucor has poured more than $10 billion into growth investments over the past five years. Many of those projects are just beginning to contribute to earnings. Two important projects will also begin ramping up operations later this year. Its largest current project -- a new greenfield sheet mill in West Virginia -- is expected to complete construction by the end of next year. That makes it a good time to look at an investment in Nucor. It looks to be near the bottom of a free-cash-flow cycle with capital spending beginning to decrease in coming years as those investments start generating revenue. Nucor generated over $8 billion in free cash flow in 2022 and another $5 billion in 2023. It dropped to negative $495 million in the first quarter, though. That could mark a point close to the bottom if the U.S. economy continues to grow. The tariffs supporting steel prices will only reinforce the strength in Nucor's business. Investors may be sensing a turn for this cyclical stock with the tariff catalyst. That helps explain the outsize move in Nucor stock this week. Before you buy stock in Nucor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nucor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Howard Smith has positions in Nucor. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Nucor Stock Jumped 10% This Week was originally published by The Motley Fool
Daily Mail
6 days ago
- Entertainment
- Daily Mail
Johnny Carson's eldest son Christopher dead at 74
Johnny Carson's eldest son, Christopher Carson, has died at 74. The King of Late Night TV's close friend, Howard Smith, confirmed that Chris died earlier this year, during his appearance on Joe Sibilia's 'Nostalgia Tonight' podcast on Monday. He shared that Johnny's nephew, Jeff Sotzing, informed him of Chris' death two months prior. Smith did not reveal Chris' cause of death. Chris was living in Florida when he died. The Tonight Show Starring Johnny Carson host — who passed away in 2005 — shared three sons with his first wife, Joan Morrill Wolcott. They welcomed Chris in 1950, followed by his brothers Rick the next year and Cory in 1953. The pair divorced in 1963. 'When John died, I tried to keep in communication with Chris,' Smith explained. 'I moved and bought a house outside of Fort Lauderdale. And at this golf club that I joined, I said to the guys, "You guys know Chris Carson?" The guy said, "Oh yeah, he's a member here." And I go, "Oh God." I said, "Well, I'm trying, you know, I'm a friend of his dad and all that. And I've been trying to get a hold of Chris, and Chris never got back with me."' 'When I went to this show that Jeff put on about John, and it was a fantastic, two-hour show that he did for about 100 people, and I said, "So Jeff, what's happening with Chris?" And he looks at me, goes, "Howard, Chris just died last week."' '"Really?" I go, "Oh no."' Smith shared that his bond with Chris grew strong during Johnny's golf trips when he was younger. 'Chris was an avid golfer, and so when he used to come, he lived in Florida, Fort Lauderdale, when he used to come to visit his dad, he would bring his clubs, because I would take them,' he said. 'We would play golf together, and John wouldn't play golf. John did play golf at one time, but he would just ride along with us.' In the 1980s, Chris made headlines following the birth of his daughter, Christal Love Carson, with long-term girlfriend Tanena Love Green. Their split resulted in a highly publicized child support court case. During the trial, it was revealed that Chris worked as a golf instructor, but his main financial backing was from his father, who supplied him with cars, a house, and $35,000 each year. Chris' brother Rick died at the age of 39 in a car accident on June 21, 1991. Smith shared that 'Cory is still alive,' adding, 'But I don't know. They don't see anybody that much.' Chris and Cory both remained out of the public eye. Following Johnny's death in 2005, his loved ones emphasized his wish for his family to live privately. Johnny hosted the final Tonight Show Starring Johnny Carson episode on May 22, 1992. Carson's audience, which was more than triple the size of all three current network late-night shows combined, made him incredibly affluential across the '60s, '70s, and '80s. He died in January 2005 at age 79.
Yahoo
17-05-2025
- Business
- Yahoo
Nvidia Stock Soared This Week. Why There Could Be More Gains Coming Soon.
Nvidia is seeing a surge in business from the Middle East this week. Fears and concerns about slowing sales have been quashed for now. Nvidia's quarterly report due on May 28 will be widely followed. These 10 stocks could mint the next wave of millionaires › It was only three weeks ago that Nvidia (NASDAQ: NVDA) stock was trading for less than $100 per share. As of early Friday trading, investors have to pay 35% more than that. This week alone, Nvidia shares have surged 16.2%, according to data provided by S&P Global Market Intelligence. That's because many of the concerns of slowing growth and declining spending for its advanced artificial intelligence (AI) chips have been diminished with new announcements this week. Nvidia first announced it would be partnering with Saudi Arabian state-owned AI start-up Humain to build AI factories with up to 500 megawatts (MW) in capacity over the next five years. Nvidia said it would supply "several hundred thousand" of its most advanced GPU chips to power the data centers. It also doesn't appear that CEO Jensen Huang stopped there on his trip to the Middle East. The U.S. Commerce Department announced the U.S. and United Arab Emirates (UAE) will partner to build a data center campus in Abu Dhabi with a capacity of 5 gigawatts (GW). Reports also said that Nvidia could supply 500,000 AI chips to the project. Those announcements quashed concerns of slowing data center sales for Nvidia and sent the stock soaring. Yet there could be much more upside ahead. Several large tech companies in the U.S. have also reiterated plans to continue capital spending for AI infrastructure. Investors still fearing a growth slowdown may be waiting for the company to provide specific guidance as proof that investments in AI continue at a healthy pace. Yet the market is forward-looking, and the stock may move higher ahead of Nvidia's upcoming quarterly report due on May 28. It seems to have started that march higher this week, and I'd expect that to continue until that May 28 reporting date. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $349,648!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,142!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $635,275!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of May 12, 2025 Howard Smith has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Nvidia Stock Soared This Week. Why There Could Be More Gains Coming Soon. was originally published by The Motley Fool
BBC News
08-05-2025
- Entertainment
- BBC News
The Vapors: Drummer on hit Turning Japanese named Guildford mayor
The former drummer of The Vapors says it is "brilliant" to be voted in as the mayor of Smith, who grew up in the Surrey town, will hold the role until May 2026 after taking over from Sallie Labour councillor's first responsibilities in the role has been attending VE Day events in the town on said: "It's a real thrill to be mayor of your home town." Smith was the drummer for The Vapors when their song Turning Japanese reached number three on the UK singles chart in song became a number one hit in Australia and the band also had multiple US Vapors also toured alongside Surrey rock band The Jam."It was a fantastic experience and I'm very proud of what we managed to achieve as a band," Smith told the band opted for the American spelling for its name in part to appeal to a US audience, but Smith reflected that the name had a "little bit of cache that we wouldn't have had with the British spelling"."It had a lot going for it and it's a name that obviously served us well," he said. The drummer went on to work for non-profit Performing Right Society while living in London, now known as PRS for returned to the Guildford area nearly 20 years ago, running a record shop in the town for eight the shop has closed, Smith said he still buys "far too many records" and continues to promotes gigs in the area. Eventually he took up politics, volunteering to leaflet for the Labour party before standing in the 2017 general election as the party's candidate for came third but was elected as a Westborough ward borough councillor in said: "As with most people, you see what's going on in politics in the country and sometimes you find yourself getting frustrated and shouting at the TV or something."As mayor, he has decided to support theatre group Guildford Shakespeare Company and the Phyllis Tuckwell hospice care is also promoting the local music lesson bursaries charity Cheryl King Trust, which has a "special resonance"."Music has been my whole thing since I was a kid watching Top of the Pops," Smith said. The Vapors re-formed in 2016 but Smith opted not to join in, despite a "really good" relationship with his former bandmates, as it "would've just been too much" to balance with a political career and family music career is "one of those things that clearly stays with me forever," he said. "It will be the thing that I'm known for."
Yahoo
31-03-2025
- Business
- Yahoo
Why Nvidia-Backed CoreWeave Stock Is Plunging a Day After Its IPO
The much-anticipated initial public offering (IPO) of CoreWeave (NASDAQ: CRWV) came Friday. The stock ended the day where it started trading at its offering price of $40 per share. But stock in the artificial intelligence (AI) hyperscaler is plunging on its first full day of trading. AI leader Nvidia purchased $250 million at the IPO price according to reports, but that investment is now underwater. CoreWeave shares were down by 7.9% as of 11:08 a.m. ET. CoreWeave raised $1.5 billion with its move to go public, but investors are shying away from the cloud platform provider. The company even had to downsize its offering as shares were priced below the expected range. The timing is one reason for the lackluster reception. The recent market correction has hit tech stocks especially hard. And CoreWeave is relying on robust demand for data center compute power to continue. The cloud company went heavily into debt to build its massive scale of Nvidia GPU chips. CoreWeave leases data center space to companies needing the compute power it has from 250,000 Nvidia chips it has purchased. One issue is that many of those chips are from the Hopper generation. Nvidia is now producing and selling more powerful Blackwell chips. Next year, an even more efficient Rubin platform will be available. That's not to say that the Hopper chips aren't in demand. But one question and concern for investors is how much value they will retain as they become more obsolete. CoreWeave utilized debt to build its inventory. CEO Michael Intrator told CNBC, "The debt is the engine, it's the fuel for this company." The IPO proceeds will help to repay some of its reported $13 billion in debt CoreWeave has raised. But the company will need to continue its fast-paced revenue growth to help cover that debt load. Market uncertainty in general and questions on the runway of relevance for its chip inventory have investors staying away from the stock so far. Only risk-averse investors should consider the stock at this stage. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $284,402!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,312!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $503,617!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Howard Smith has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Why Nvidia-Backed CoreWeave Stock Is Plunging a Day After Its IPO was originally published by The Motley Fool Sign in to access your portfolio
