Latest news with #SO
Business Insider
21-05-2025
- Business
- Business Insider
Southern Company prices upsized $1.45B convertible senior note offering
Southern Company (SO) announced the pricing of $1.45 billion in aggregate principal amount of its Series 2025A 3.25% Convertible Senior Notes due June 15, 2028 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, reflecting an upsize of $200 million over the previously announced offering size. Interest on the Convertible Notes will be paid semiannually at a rate of 3.25% per annum. The Convertible Notes will have an initial conversion rate of 8.8077 shares of Southern Company's common stock per $1,000 principal amount of the Convertible Notes (which is equal to an initial conversion price of approximately $113.54 per share of common stock), representing an initial conversion premium of approximately 25% above the last reported sale price of Southern Company's common stock on May 20, 2025. Confident Investing Starts Here:
CNBC
19-05-2025
- Business
- CNBC
Best stocks: 2 stocks from the aerospace defense industry on the verge of breaking out
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here — In today's report we're going to talk about where the strength is in this market and, just as importantly, where it isn't. Industrials are on the leaderboard in a major way this week, thanks to aerospace and defense stocks breaking out to all-time highs. Some of the names in this group are already extended technically, but we'll show you two set-ups that aren't. Utilities are another story. Earlier this year the utility trade was working beautifully thanks to a combination of its defensive characteristics, as well as continued enthusiasm for the AI trend. But the market has changed character since the April low and these stocks have now fallen out of favor. Sean is going to show you what's happening broadly and dig into the rotation a bit. Then I'll chime in with a pair of defense companies worth keeping on your radar, pun intended. Sector Leaderboard As of 5/19/2025 morning, there are 102 names on The Best Stocks in the Market list Top Sector Ranking: Top Industries: Utilities falling off The Best Stocks List Removed: Duke Energy Corp (DUK), American Water Works Co Inc (AWK), Southern Co (SO), American Electric Power Co Inc (AEP), Consolidated Edison Inc (ED) Sean: Southern Co. (SO) and four other utility firms fell off our list last week — this is why we keep a dynamic list of stocks. The market is constantly rotating, and we just saw the early innings of a shift under the surface. During the first few iterations of the Best Stocks in the Market, the utilities sector was the most populous sector on our list. On May 5th and May 12th, there were 14 utility firms on the list, making them the first and second strongest sector for those weeks, respectively. Utilities are considered a defensive sector within portfolios because they provide essential services that customers would not (or cannot) turn off. Electricity, water, gas — consumers will continue to use regardless of economic conditions. You will be ditching Netflix, your car, McDonalds, and any other discretionary items before you cut off power or water. This consistent demand results in stable revenues and predictable cash flows, which often support reliable dividend payments, and as a result, utility stocks tend to exhibit lower volatility and higher yields. During periods of market stress or economic downturns, investors will often hide out in these names while chaos occurs in the more exciting, growth-oriented sectors of the market. That's what happened earlier this year, and that's what is currently happening on our list. From the first trading day of the year through April 3rd (Liberation Day) investors had been buyers of utilities and sellers of the S & P 500: At the bottom on April 8th, on a total return basis, utilities were down 3% for 2025 while the S & P 500 was down 15%. Being defensive paid off. However, from the bottom, we have seen a lightning fast V-shaped recovery, and momentum is swinging back to the higher growth categories. Tech is up an extraordinary 30% from April 8, while consumer discretionary stocks and industrials are up 22% from that date, rounding out the top 3 best performing sectors from the bottom. Digging into tech a bit further - from the market bottom, the VanEck Semiconductor ETF (SMH) was up 36.7%, marking the best 28-day return for the SMH since inception in 2011. This is a great example of momentum and an interesting use case for keeping a list of momentum-oriented names. This list gives us a market barometer, measuring what's going on under the surface. And right now, the market is rotating out of its defensive posture. On May 13 last week, five utility sector stocks fell below their 200 day moving average, removing them from our list: AEP, AWK, DUK, ED, SO. As it stands, industrials, tech, and financials are all flashing signs of momentum, while utilities have fallen to fourth on our sector dashboard. We aren't making predictions as to where the market will go next, but we are taking note as to what's working well and what isn't, and utilities are lagging while growth-oriented areas of the market are taking their leadership back. Best Stocks in the Aerospace & Defense industry: Josh: Now let's take a look at where the strength is. As Ed Yardeni wrote this week, President Trump has gone from "Tariff Man" to "Sales Man" during his whirlwind trip through the Middle East and a major airplane order was one of the highlights. UAE's Etihad Airlines committed to buying 28 wide-body Boeing aircraft with GE engines for $14.5 billion. In the table below, a list of the Aerospace & Defense names on the Best Stocks list at the moment. GE Aerospace, Boeing and Howmet Aerospace have been on a monster run but they look overdone in the short-term, with screaming-hot RSI readings approaching 80 (most technicians consider 70 or above to be overbought). But there are two names on our list that are just now breaking out and haven't gotten as far as the others yet: Axon Enterprise (AXON) Josh: First up, a company whose products you've heard of even if you don't know the name. Axon Enterprise (AXON) is a public safety technology company headquartered in Scottsdale, Arizona, best known for its TASER conducted energy weapons, body-worn cameras, in-car video systems, and cloud-based digital evidence management platform, Axon Evidence. Their products and services are primarily sold to law enforcement agencies, federal and military organizations, corrections departments, and increasingly to private sector clients in industries like retail and logistics. During its last earnings report, Axon raised revenue guidance for the full year to between $2.6 billion and $2.7 billion thanks to strong demand for both hardware and software from its customers. Risk Management: Josh: As you can see below, this is a breakout in progress. Short-term traders would use $700 as a pivot point. Investors may want to set a stop at the top of that gap around the $600 level. A pullback on light volume could help the stock work off its slightly overbought momentum and may provide a good entry. RTX Corp (RTX) Josh: I also want to show you RTX, which is the merged company formed when Raytheon acquired United Technologies back in 2023. RTX has three core businesses — Pratt & Whitney, Collins Aerospace, and Raytheon. They sell aircraft engines, avionics, missile defense systems, satellites as well as cybersecurity solutions. RTX's customers include government defense agencies, commercial airlines and space programs. This year they're projecting 2025 revenues of up to $84.0 billion and earnings per share between $6.00 to $6.15. RTX is on the verge of breaking out. As you can see below, the $135 level had been resistance this spring but the stock is back at that high and challenging. Momentum is solid on this retest and not yet overbought. Risk Management: Josh: I like the rising 200-day at $122 as a trailing stop. I would revisit it every Friday at the close. So long as the stock stays in that uptrend on a weekly closing basis, I think you can be long. DISCLOSURES: None All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
Borneo Post
03-05-2025
- Health
- Borneo Post
Don't wait for the games: S'wak minister calls for year-round health checks for Special Olympics athletes
Fatimah (centre) speaks during the press conference, while Tan (left) and Dr Toh (right) look on. – Photo by Chimon Upon KUCHING (May 3): All Special Olympics (SO) chapters across Sarawak should organise regular health screening programmes for their athletes, not just during major sporting events, said Sarawak Women, Early Childhood and Community Wellbeing Development Minister, Dato Sri Fatimah Abdullah. She emphasised that proactive and continuous health monitoring is crucial for safeguarding the well-being and future of Special Olympics athletes statewide. 'This kind of initiative should not be limited to during the State Games or Special Olympics. 'Each chapter must take the lead like Bintulu has done, organising their own Healthy Athletes Programme throughout the year,' she told a press conference at the Special Olympics Healthy Athletes Programme (HAP) held at the Pandelela Rinong Aquatic Centre here today. This year's programme involves 358 athletes from five SO chapters—Kuching, Samarahan, Sibu, Bintulu, and Miri. So far, over 100 athletes have been screened by the HAP team led by Dr Toh Teck Hock. Fatimah also highlighted concerning preliminary findings from the screenings, including young athletes with dangerously high blood pressure levels. 'For example, some have high blood pressure, as high as 150, even though they are still young. 'Without these screenings, they would go on with their lives unaware of these hidden health problems,' she said. She noted that referral letters are issued on-site, enabling athletes to seek further medical attention. 'This is a valuable investment. Without screenings, many of them would never know they have health issues, much less receive treatment,' she said. Fatimah also called for ongoing engagement in physical activities and good nutrition, beyond competitive events. 'We must ensure that our athletes are involved in physical activities not just during the State Games, but continuously. 'Physical activity and proper nutrition are key in addressing these health issues,' she said. She acknowledged the challenges in instilling healthy habits among special needs children, especially dietary changes, but emphasised that family support, education, and structured physical programmes can make a meaningful difference. 'We try to give them access to get involved in sports activities, so it can enrich their lives. 'Through sports, we can empower them, provide a chance for the potential in this field of sports to shine and have a chance to be a champion, both at the chapter level, at the national level, or at the international level,' she added. Also present was State Women, Childhood, and Community Wellbeing Development Ministry's permanent secretary Datu Felicia Tan. athletes fatimah abdullah health checks Special Olympics
Trade Arabia
13-04-2025
- Business
- Trade Arabia
Dual China Visitors Summits set in UAE
The China Visitors Summit (CVS) is making a powerful return to the UAE this year, hosting two back-to-back events in Dubai and Abu Dhabi – marking a significant moment for the revival of Chinese travel to the region. Chinese inbound tourism to the UAE has officially rebounded to pre-pandemic 2019 levels, with a growing number of travellers seeking premium experiences across all seven Emirates. From luxury accommodations to adventure, sports, culture, and art, Chinese visitors are showing a strong appetite for the UAE's diverse offerings. The CVS will be held in Dubai on August 25 and 26 at the SO/ Uptown Dubai Hotel, followed by Abu Dhabi on August 28 and 29 at the Rotana Hotel in Al Ain. Together, the two events will welcome over 150 top-tier Chinese travel buyers including luxury and corporate travel planners, wholesalers, OTAs, and bespoke travel agencies. 'The dual summit format gives UAE suppliers a powerful opportunity to hand-pick the Chinese buyers they want to connect with—whether they focus on luxury, group travel, FIT, business, or niche experiences,' said Alexander Glos, CEO of China i2i Group, the summit's organiser. 'This year's events in the UAE will generate over 16,000 face-to-face, pre-scheduled meetings—making it the largest gathering of Chinese travel industry professionals outside China.'
