Latest news with #JonathanWeber
The Herald
6 days ago
- Business
- The Herald
Rupert Murdoch's new tabloid to bring New York Post attitude to California
The last daily newspaper launched in the US by News Corp, owner of the New York Post and Wall Street Journal, was the Daily, a digital newspaper for Apple's then-new iPad tablet in 2011. It folded the next year. A Los Angeles Times spokesperson did not respond immediately to a request for comment on the California Post. California news industry veteran Jonathan Weber said the state's newspapers adhere to a mainstream approach to journalism, which could present an opportunity for a different kind of voice that reflects this moment in the country's evolution. "Maybe there is room for a sort of pugilistic, more right-wing, kind of sensationalist sort of approach," said Weber, a former Reuters editor and serial entrepreneur who founded the San Francisco Standard and the tech business-focused Industry Standard. "There might be an opening for that." However, he said the California Post also faces challenges. The New York Post is popular with readers who buy the tabloid at a newsstand before jumping on the subway, whereas Californians tend to drive to work, Weber said. Giancola said the New York Post Media Group has a much broader reach online than through its print edition via a trio of digital brands including celebrity-focused Page Six, an entertainment and pop culture guide, the Decider and its main website. The sites attracted a combined 90-million monthly unique visitors in June, the company said. The Post achieved profitability in 2022 by monetising the audiences and running a "lean" news operation, Giancola said. It also has expanded into new formats, including podcasts, video and e-commerce. "LA and California, like a lot of geographical areas in the country, are news deserts," said Giancola. "We think we can come into LA with the same formula and cover California in a bespoke way." Ken Doctor, the California-based CEO of Lookout Local, a community journalism organisation, said the New York Post could simply rebrand the tabloid for California and boost its readership and advertising. It could also fill a void for a niche set of readers in a state dominated by left-wing politicians but where 38% voted for President Donald Trump in the last election. "There is a place for a culturally conservative publication, and one that is populist and fits the populist times," said Doctor. Los Angeles Times owner Patrick Soon-Shiong has said he plans to bring in more conservative voices as he seeks "balance" to correct what he perceives as a left-leaning bias ahead of an initial public offering of the publication within the next year. The loss-making 143-year-old newspaper laid off more than 20% of its newsroom staff in January 2024. Reuters
Globe and Mail
30-05-2025
- Business
- Globe and Mail
‘Take a Deep Breath,' Says Top Investor About Nvidia Stock
Seasons change, presidents are elected, and markets rise and fall – but Nvidia Corporation (NASDAQ:NVDA) continues to surpass expectations. Once again, the undisputed data center champion delivered top- and bottom-line beats with its Q1 Fiscal 2026 earnings report. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Nvidia's revenues grew 69% year-over-year to reach $44.1 billion, nicely outpacing projections by a cool $810 million. The company's lucrative data center segment is a particular point of pride, and its revenues grew even faster by 73% year-over-year to $39 billion. While the overall numbers continue to impress, it was not all sunshine and rainbows. Revenue growth – while the envy of many – is slowing, and margins – while north of 60% – also declined. Of course, a fair amount of the shrinking margins can be blamed on a $4.5 billion charge related to H20 GPUs that the company was not allowed to ship to China. The big question, however, is how the share price will react going forward. NVDA has been up-and-down quite a bit in 2025 – and all told its share price is roughly even year-to-date. That being said, since hitting a low point in early April, NVDA has risen over 40%. While top investor Jonathan Weber applauds Nvidia's revenue growth, he is not so sure that now is the time to jump on board. 'With Nvidia trading at more than 30x forward earnings again, following huge gains over the last couple of weeks, it is not as attractive as it was during the spring selloff,' explains the 5-star investor, who is in the top 2% of TipRanks' stock pros. While Weber deems that revenue growth is excellent indeed, it is not exactly 'extraordinary' for a company that has delivered growth rates up to 270% in the recent past. Moreover, it represents a declining trend. 'Momentum is thus not on Nvidia's side, which can be explained by factors such as tough comparisons and the law of large numbers — no company can grow at an extremely high growth rate forever, not even Nvidia,' adds Weber. Acknowledging that NVDA has been quite 'volatile' this year, Weber still sees plenty of growth up ahead. Whether or not that justifies buying NVDA at present is another story, however. 'Overall, I do not think that NVDA is a bad investment right here at all, but I also do not believe that it's a must-own,' concludes Weber, who assigns NVDA a Hold (i.e. Neutral) rating. (To watch Jonathan Weber's track record, click here) Wall Street, on the other hand, is 'all in' on Nvidia. With 33 Buys, 4 Holds, and 1 Sell, NVDA enjoys a Strong Buy consensus rating. Its 12-month average price target of $165.29 has an upside north of 20%. (See NVDA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
