Latest news with #MuddyWaters'
Yahoo
27-02-2025
- Business
- Yahoo
Why FTAI Aviation Ltd. (FTAI) Went Up On Thursday?
We recently published a list of . In this article, we are going to take a look at where FTAI Aviation Ltd. (NASDAQ:FTAI) stands against other firms that stand out amid market downturn. Pessimistic sentiment persisted on the stock market on Thursday as investors moved to sell off shares in an effort to minimize risks from uncertainties brought about by President Donald Trump's continued tariff threats and policy shifts. The Dow Jones plunged 1.01 percent, the S&P 500 declined 0.43 percent, and the tech-heavy Nasdaq lost 0.47 percent. Amidst the overall market downturn, 10 companies stood out, clocking in double-digit gains during the trading session, thanks to a flurry of positive catalysts including strong corporate earnings results. To come up with Thursday's top performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume. A team of airline employees surrounded by flight deck controls, with a variety of aircraft outside. FTAI Aviation Ltd. (NASDAQ:FTAI) grew its share prices for the fourth consecutive day, adding 14.37 percent to close at $143.82 apiece, as investors cheered news of the company getting cleared from allegations from a short-seller claiming it reported misleading financials. According to FTAI's audit committee, with support from independent legal and forensic accounting advisors, Muddy Waters' allegations were 'without merit.' 'The Audit Committee and full Board continue to take seriously our responsibility to FTAI shareholders to maintain high standards of corporate governance and internal compliance and financial reporting controls, as well as transparent and timely disclosure,' said FTAI Audit Committee chairman Paul Goodwin. FTAI said it expects to file its annual report on schedule, alleviating fears that the report might be delayed. Overall, FTAI ranks 3rd on our list of firms that stand out amid market downturn. While we acknowledge the potential of FTAI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FTAI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Reuters
25-02-2025
- Business
- Reuters
Muddy Waters' Carson Block weighs India entry, may consider long-only, long-short fund
Summary Muddy Waters' Carson Block exploring India-focused fund Does not plan 'activist' short-selling in India Sees geo-political risk for India as lower than China Believes Western investors under-pricing China risk MUMBAI, Feb 25 (Reuters) - U.S. investor Carson Block is weighing plans for an India fund which could be based on a 'long-only' or 'long-short' strategy but would not look at activist short-selling in the country, he told Reuters. "The question we are asking is whether we would want to do long-short or long-only (in India)," Block said in an interview in Mumbai. "But we wouldn't be doing activist short selling...I don't think that would enable us to have a successful fund management business here," he said. Block, whose Muddy Waters Research came into the spotlight for uncovering fraud at Chinese companies, is yet to finalise plans for India. Block has recently launched an investment vehicle in Vietnam after having run a long-only position in the country for a few years. Potential investors have suggested the fund look to do "something similar" in India, he said. "I could see possibly a portfolio where maybe there are 20 names on the short side, each 1 to 2 percent positions. But again, maybe the thing to do now would be long-only instead." The Indian markets have corrected sharply since October, with the benchmark BSE Sensex (.BSESN), opens new tab and NSE Nifty 50 (.NSEI), opens new tab down more than 14% from an all-time high hit in September. Fear of weaker growth, seen at a four-year low in 2024-25, has prompted foreign investors to sell $24 billion in Indian stocks between October and February so far. The short-term volatility will not sway Block's plans for India but the country's complex taxation policies could. Using India's tax-neutral zone, popularly known as GIFT City, as a route to invest is one of the options Block is considering. "But there are practical considerations there in terms of talent and basing talent in GIFT City," Block said. The Indian government is promoting the Gujarat International Finance Tec-City, or GIFT City, as a hub for global capital by offering simpler regulations and fewer taxes. CHINA VS INDIA Block, a well-known China sceptic, believes Western investors continue to underprice risk in that country's markets. Chinese equity indices have rallied in 2025, led by technology stocks. "When I look at the risks of owning shares in China, it would make me say, at best, it should be a short-term strategy to be long China," he said. Western investors are looking for a "growth narrative" and India will have its turn at being that narrative in the next few years, Block said. He sees geo-political risks in India as being lower than in China. India's Adani Group, a large infrastructure conglomerate, recently came under attack from Hindenburg Research which questioned its governance practices and disclosures. Hindenburg's allegations, denied by the group, led to a sharp fall in stock prices of listed entities within the group and prompted global investors to question governance practices across Indian companies. "Different people have expressed a range of opinions on the integrity of accounts (in India). But I'd say, like any developing market, it can be challenging compared to developed markets," said Block. "I see that the greater the challenges in transparency and the more that one would question the integrity of accounts, that presents an opportunity for us. And that's the type of place we like to be." Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
