Tuesday, April 20

investment

DARPA nuclear spacecraft Lockheed, Bezos’ Blue Origin, General Atomics

DARPA nuclear spacecraft Lockheed, Bezos’ Blue Origin, General Atomics

investment
An artist's rendering of a DRACO spacecraft.DARPAThe Pentagon's research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025.General Atomics, Lockheed Martin and Jeff Bezos' space venture Blue Origin won the Defense Advanced Research Projects Agency or DARPA awards, under the agency's Demonstration Rocket for Agile Cislunar Operations program or DRACO.The goal of the program is deceptively simple: Use a nuclear thermal propulsion system to power a spacecraft beyond low Earth orbit. The Pentagon's research and development agency says a nuclear powered spacecraft has the potential to achieve both the high power of an chemical-based propulsion system and the high efficiency of an ...
Wall Street analysts like stocks like Tesla, The Chef’s Warehouse

Wall Street analysts like stocks like Tesla, The Chef’s Warehouse

investment
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020.Johannessen-Koppitz | Bloomberg | Getty ImagesThe second quarter of 2021 is underway, and Wall Street analysts are reviewing the stocks they cover. At the same time, concerns over new variants of COVID-19 continue to paint a picture of uncertainty.So, what does this mean for investors looking for fresh investment opportunities? There are still stocks poised to outperform, and one way to find them is by following the recommendations of analysts with a proven track record of success. TipRanks analyst forecasting service attempts to identify the best-performing analysts on Wall Street, or the analysts with the highest success rate an...
Plaid hits $13.4 billion valuation in the wake of scrapped Visa deal

Plaid hits $13.4 billion valuation in the wake of scrapped Visa deal

investment
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020.George Frey | Bloomberg via Getty ImagesFintech company Plaid raised a new round of capital that nearly triples its valuation a few months after a deal to be bought by Visa fell apart.The company announced a $425 million Series D funding round on Wednesday, led by Altimeter Capital with participation from new investors, Silver Lake and Ribbit Capital. Earlier investors Andreessen Horowitz, Index Ventures, Kleiner Perkins and New Enterprise Associates also added to the round.The new financing boosts Plaid's valuation to $13.4 billion, according to a person familiar with the matter, who asked not to be named because the details were private. The Information
Rocket Lab May launch booster recovery, aiming for SpaceX reusability

Rocket Lab May launch booster recovery, aiming for SpaceX reusability

investment
The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time.Rocket LabThe next mission for small launch leader Rocket Lab will feature its second attempt to recover an Electron rocket booster after liftoff by splashing it down in the ocean.The company is working toward reusability of its rockets—the same way Elon Musk's SpaceX currently does."Where we're trying to get, is to the point where we can literally catch this thing and then repeat," Rocket Lab CEO Peter Beck told CNBC. "Launch, catch, repeat."The next mission, its 20th to date, is scheduled to launch in May from the company's private facility in New Zealand. The primary goal of the mission is to deploy two satellites in orbit for BlackSky.Beck's company wants to recover the
Byron Wien worries about Fed-induced correction but sees market rebound

Byron Wien worries about Fed-induced correction but sees market rebound

investment
Blackstone's Byron Wien on CNBC on Friday projected that Wall Street will get hit by another correction before the bull run resumes and stocks end the year higher than current levels.Inflation will shoot up faster than most forecasts, which will drive the Federal Reserve to tighten monetary policy and likely lead to a market sell-off, the closely followed strategist told CNBC Friday."Maybe it'll shrug it off, but I'm worried that now is the time that you should apply some caution," Wien, vice chairman of Blackstone Private Wealth Solutions, told Squawk on the Street." "The market is very fully priced, in my view, and the dangers of higher interest rates are ahead of us."If the Fed were to hike rates from near zero Covid-era levels to tamp down the economy from overheating, Wien sees a 10%...
Jeremy Siegel says stock market could go up 30% before boom ends

Jeremy Siegel says stock market could go up 30% before boom ends

investment
Wharton School finance professor Jeremy Siegel said Thursday he expects the stock market's rally will persist at least throughout this year. However, he told CNBC that investors will have to be cautious once the Federal Reserve adjusts its highly accommodative monetary policies."It isn't until the Fed leans really hard then you have to worry. I mean, we could have the market go up 30% or 40% before it goes down that 20%" following a change in course from the Fed, Siegel said on "Halftime Report. "We're not in the ninth inning here. We're more like in the third inning of the boom."Siegel said he expects to see a roaring economy this year as the last of Covid-era economic restrictions are lifted and vaccinations allow for travel and other activities to pick up again. That is likely to unlea
Real estate entrepreneur to dive to Mariana Trench, fly with SpaceX

Real estate entrepreneur to dive to Mariana Trench, fly with SpaceX

investment
Larry ConnorThe Connor GroupLarry Connor, the leader of eponymous Ohio-based real estate firm The Connor Group, earlier this year signed on to fly to the International Space Station. But first, before beginning his astronaut training, Connor will dive to the bottom of the ocean.Connor is partnering with deep sea specialist EYOS Expeditions to next week explore both the Challenger Deep and the Sirena Deep of the Mariana Trench in the DSV Limiting Factor submersible of Triton Submarines. Then, in January 2022, Connor will be the pilot for Axiom Space's 10-day AX-1 mission to the ISS, flying on SpaceX's Crew Dragon spacecraft."I've never had the time and never had the money, but I've always had a passion about exploration and about trying to do groundbreaking research," Connor told CNBC abou...
Space SPAC stock AST SpaceMobile begins trading on the Nasdaq

Space SPAC stock AST SpaceMobile begins trading on the Nasdaq

investment
An illustration of the SpaceMobile satellite constellation.AST SpaceMobileShares of satellite-to-smartphone broadband company AST SpaceMobile began trading on the Nasdaq on Wednesday, with the company the first among a flurry of recent space companies to close its SPAC deal.AST SpaceMobile trades under the ticker ASTS, with shares previously listed under the SPAC New Providence before the merger.A SPAC—or special purpose acquisition company—is a shell company that's designed to raise money through an initial public offering for the purpose of acquiring a private firm and taking it public.The stock climbed as much as 5% in early trading on Wednesday, up from its previous close of $11.60 a share.AST's corporate headquarters and high-volume manufacturing facility in Midland, TexasAST & S
Morgan Stanley dumped $5 billion in Archegos’ stocks before fire sale

Morgan Stanley dumped $5 billion in Archegos’ stocks before fire sale

investment
The night before the Archegos Capital story burst into public view late last month, the fund's biggest prime broker quietly unloaded some of its risky positions to hedge funds, people with knowledge of the trades told CNBC.Morgan Stanley sold about $5 billion in shares from Archegos' doomed bets on U.S. media and Chinese tech names to a small group of hedge funds late Thursday, March 25, according to the people, who requested anonymity to speak frankly about the transaction.It's a previously unreported detail that shows the extraordinary steps some banks took to protect themselves from incurring losses from a client's meltdown. The moves benefited Morgan Stanley, the world's biggest equities trading shop, and its shareholders. While the bank escaped from the episode without material losse...
Fundstrat’s Tom Lee expects a ‘face-ripper rally’ in April

Fundstrat’s Tom Lee expects a ‘face-ripper rally’ in April

investment
Tom Lee said Monday he expects the stock market's strong start to April to continue throughout the month as part of what he's previously dubbed a "face-ripper rally."The co-founder of Fundstrat Global Advisors made his case in an interview on CNBC's "Fast Money," following the S&P 500's 1.4% gain Monday to notch a record close of 4,077.91."Institutions raised almost $200 billion of cash since the start of the year, so they've turned quite cautious, and they've been fading or selling their tech and growth holdings but they've only just begun to nibble on the ... epicenter [stocks]," said Lee, whose firm considers those to be companies that were among the hardest-hit in the pandemic but stand to gain from the economic recovery."So, I think there's a level of surprise coming in April bec