Latest news with #Russell2000
Yahoo
11 hours ago
- Business
- Yahoo
Chain Bridge Bancorp, Inc. (CBNA): A Bull Case Theory
We came across a bullish thesis on Chain Bridge Bancorp, Inc. (CBNA) on Cluseau Research's Substack. In this article, we will summarize the bulls' thesis on CBNA. Chain Bridge Bancorp, Inc. (CBNA)'s share was trading at $26.63 as of 27th May. CBNA's trailing P/E was 7.72 according to Yahoo Finance. An aerial shot of a regional bank with its numerous branches situated in a city. Chain Bridge Bank (CBNA) presents a compelling asymmetric opportunity as a niche bank deeply embedded in the Republican political fundraising ecosystem, with zero-cost deposits from PACs and affiliated entities. The stock is poised to benefit from passive inflows tied to imminent Russell 2000 inclusion, which could create technical upside given its low float and illiquidity. Fundamentally, CBNA operates a high-spread model, placing political cash into short-duration Treasurys, earning strong net interest margins as long as Fed Funds remain elevated. However, its earnings power is highly rate-sensitive—modeled EPS drops from $4.08 with no rate cuts to $2.40 with six cuts—making Federal Reserve policy a major driver. While the bank saw $167 million in net deposit outflows post-April 15, likely due to PAC disbursements and tax-related withdrawals, these may reverse in Q3 as the election cycle intensifies. The Fitzgerald family retains voting control and significant ownership, suggesting insider alignment and limiting the likelihood of reckless dilution. At ~$23, the stock trades near tangible book value, offering a valuation floor, and could attract M&A interest if it remains undervalued. Risks include Trump-related idiosyncratic outcomes, customer concentration, and a steep rate-cut cycle, but the Q3 election ramp-up and forced Russell index buying provide a powerful near-term catalyst. With limited institutional coverage and low analyst scrutiny, CBNA may be mispriced relative to its embedded earnings power and strategic optionality. A disciplined accumulation around $25 offers a high reward-to-risk setup, with the possibility of multiple expansion or a premium takeout in a favorable political cycle. Chain Bridge Bancorp, Inc. (CBNA) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held CBNA at the end of the first quarter which was 2 in the previous quarter. While we acknowledge the risk and potential of CBNA as an investment, our conviction lies in the belief that some 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 CBNA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. 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
a day ago
- Business
- Yahoo
How major US stock indexes fared Friday, 5/30/2025
Wall Street closed its best month since 2023 with a quiet day of trading. The S&P 500 was essentially flat as it finished a winning week and its first winning month in the last four. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite fell 0.3%. Hopes climbed through the month that the worst of the pain caused by President Donald Trump's tariffs may have already passed, though uncertainty still hangs over the market. Treasury yields edged lower in the bond market following encouraging reports on inflation and consumer sentiment in the United States. On Friday: The S&P 500 fell 0.48 points, or less than 0.1%, to 5,911.69. The Dow Jones Industrial Average rose 54.34 points, or 0.1%, to 42,270.07. The Nasdaq composite fell 62.11 points, or 0.4%, to 19,113.77. The Russell 2000 index of smaller companies fell 8.49 points, or 0.4%, to 2,066.29. For the week: The S&P 500 is up 108.87 points, or 1.9%. The Dow is up 667 points, or 1.6%. The Nasdaq is up 376.56 points, or 2%. The Russell 2000 is up 26.44 points, or 1.3%. For the year: The S&P 500 is up 30.06 points, or 0.5%. The Dow is down 274.15 points, or 0.6%. The Nasdaq is down 197.03 points, or 1%. The Russell 2000 is down 163.87 points, or 7.3%.
Yahoo
a day ago
- Business
- Yahoo
How major US stock indexes fared Friday, 5/30/2025
Wall Street closed its best month since 2023 with a quiet day of trading. The S&P 500 was essentially flat as it finished a winning week and its first winning month in the last four. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite fell 0.3%. Hopes climbed through the month that the worst of the pain caused by President Donald Trump's tariffs may have already passed, though uncertainty still hangs over the market. Treasury yields edged lower in the bond market following encouraging reports on inflation and consumer sentiment in the United States. On Friday: The S&P 500 fell 0.48 points, or less than 0.1%, to 5,911.69. The Dow Jones Industrial Average rose 54.34 points, or 0.1%, to 42,270.07. The Nasdaq composite fell 62.11 points, or 0.4%, to 19,113.77. The Russell 2000 index of smaller companies fell 8.49 points, or 0.4%, to 2,066.29. For the week: The S&P 500 is up 108.87 points, or 1.9%. The Dow is up 667 points, or 1.6%. The Nasdaq is up 376.56 points, or 2%. The Russell 2000 is up 26.44 points, or 1.3%. For the year: The S&P 500 is up 30.06 points, or 0.5%. The Dow is down 274.15 points, or 0.6%. The Nasdaq is down 197.03 points, or 1%. The Russell 2000 is down 163.87 points, or 7.3%.
Yahoo
a day ago
- Business
- Yahoo
PCE Posts Highest Monthly Percentage Move in Four Years
The Fed's preferred measure of inflation, Personal Consumption Expenditures (PCE), are out for the month of April. Results were positive across the board — eyebrow-raisingly so, in some cases. In fact, these figures have been strong enough to cut in half the pre-market plummet on the major indexes once President Trump posted 'No more Mr Nice Guy' in his trade negotiations with China. At this hour, the Dow is -114 points, the S&P 500 is -18, the Nasdaq -45 and the small-cap Russell 2000 is -10 points currently. The Dow, for instance, had fallen -244 points on the president's latest Truth Social post. Bond yields, on the other hand, are ticking up early today: +4.44% on the 10-year, +3.93% on the 2-year and +4.95% on the 30-year bond. Personal Income for April reached its highest single-month level in four years: +0.8% — well above the +0.3% expected and even above the upwardly revised +0.7% for March. We now see income growth in 2025 among the highest in many years, averaging +0.65% over the past four months. Consumer Spending, however, was in-line with expectations at +0.2% — half a point lower than the prior month's +0.7%. This is good news in terms of demonstrating economic strength amid plenty of murkiness among outlooks, though not exactly a feather in the cap for those who'd like to see the Fed lower interest rates. The PCE Index, month over month, was also as expected at +0.1%, up from the 0.0% reported the previous month. Year over year, +2.1% PCE is down 10 basis points (bps) from estimates. This also represents a low water mark last seen back in September of last year. Core PCE month over month — stripping out volatile food and energy costs — was identical to the overall headline: +0.1%, following 0.0% the prior month. Year over year, core PCE dropped to +2.5%, 10 bps below estimates and 20 bps beneath the upwardly revised +2.7% for March. Again considering our current environment, starting with early April's opening salvo into the latest global trade war, Advanced Retail Inventories are steady and benign: -0.1% on headline, in-line with expectations and -0.1% reported a month ago. Advanced Wholesale Inventories was flat for April, down from the +0.4% seen in the March report. Perhaps it will take some more distance from tariff Ground Zero to see how the new trade realities manifest in these reports. After all, these numbers are all subject to future revisions, and most of the tariff threats have yet been put on pause. But for now, it's tough to find a complaint; things appear to be working on the more macro-level. Advanced Trade Balance in Goods for April came in well below expectations: -$87.6 billion, the lowest since September of 2023. Analysts had expected -$147 billion, following a slight trimming to -$162 billion the previous month. This is the first advance trade deficit sub-12 digits since October of last year. At first blush, one would have to assume this has to do with the trade impact. Then again, as we see in the other data reflecting tariffs and trade, much of the grist has yet to meet the mill. But if this does prove to be a resonant part of our new trade scenario, it's certainly a welcome one. Once the opening bell sounds on this final trading day for the week, the Chicago Business Barometer (PMI) for May is expected, as is final Consumer Sentiment, also for May. The former is expected to improve somewhat, though still come in sub-50, which is the tipping point between growth and loss. The latter is forecast to remain steady just over this 50 precipice. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
a day ago
- Business
- Yahoo
PCE for April Shows Economic Resilience
Friday, May 30, 2025The Fed's preferred measure of inflation, Personal Consumption Expenditures (PCE), are out for the month of April. Results were positive across the board — eyebrow-raisingly so, in some cases. In fact, these figures have been strong enough to cut in half the pre-market plummet on the major indexes once President Trump posted 'No more Mr Nice Guy' in his trade negotiations with this hour, the Dow is -114 points, the S&P 500 is -18, the Nasdaq -45 and the small-cap Russell 2000 is -10 points currently. The Dow, for instance, had fallen -244 points on the president's latest Truth Social post. Bond yields, on the other hand, are ticking up early today: +4.44% on the 10-year, +3.93% on the 2-year and +4.95% on the 30-year Income for April reached its highest single-month level in four years: +0.8% — well above the +0.3% expected and even above the upwardly revised +0.7% for March. We now see income growth in 2025 among the highest in many years, averaging +0.65% over the past four Spending, however, was in-line with expectations at +0.2% — half a point lower than the prior month's +0.7%. This is good news in terms of demonstrating economic strength amid plenty of murkiness among outlooks, though not exactly a feather in the cap for those who'd like to see the Fed lower interest PCE Index, month over month, was also as expected at +0.1%, up from the 0.0% reported the previous month. Year over year, +2.1% PCE is down 10 basis points (bps) from estimates. This also represents a low water mark last seen back in September of last PCE month over month — stripping out volatile food and energy costs — was identical to the overall headline: +0.1%, following 0.0% the prior month. Year over year, core PCE dropped to +2.5%, 10 bps below estimates and 20 bps beneath the upwardly revised +2.7% for considering our current environment, starting with early April's opening salvo into the latest global trade war, Advanced Retail Inventories are steady and benign: -0.1% on headline, in-line with expectations and -0.1% reported a month ago. Advanced Wholesale Inventories was flat for April, down from the +0.4% seen in the March it will take some more distance from tariff Ground Zero to see how the new trade realities manifest in these reports. After all, these numbers are all subject to future revisions, and most of the tariff threats have yet been put on pause. But for now, it's tough to find a complaint; things appear to be working on the more Trade Balance in Goods for April came in well below expectations: -$87.6 billion, the lowest since September of 2023. Analysts had expected -$147 billion, following a slight trimming to -$162 billion the previous month. This is the first advance trade deficit sub-12 digits since October of last first blush, one would have to assume this has to do with the trade impact. Then again, as we see in the other data reflecting tariffs and trade, much of the grist has yet to meet the mill. But if this does prove to be a resonant part of our new trade scenario, it's certainly a welcome the opening bell sounds on this final trading day for the week, the Chicago Business Barometer (PMI) for May is expected, as is final Consumer Sentiment, also for May. The former is expected to improve somewhat, though still come in sub-50, which is the tipping point between growth and loss. The latter is forecast to remain steady just over this 50 or comments about this article and/or author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research 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
