March 26, 2025
Everyone keeps busy while tariffs loom.
NYXH gets provisional FDA approval for sleep apnea treatment. Already selling in Europe. Worth a look. $12
CMPS fills up a P3 trial for depression. (Psilocybin)
Why is Nvidia NVDA buying a GPU reseller? Makes people wonder...
StandardAero SARO prices 36M share secondary at $28. Steak for lunch at Carlyle.
TTAN reports solid Q, good insider buy timing.
YouTube GOOG continues to live at the top of Nielsen charts - this is where people watch TV. How can anyone beat GOOG in terms of content if that is key to the long-term AI race?
FL promoted a guy to President working for Mary Dillon. FL is back where we first bought it for an excellent short-term gain, similar to PZZA. It could be time again.
Is the jig up at AirJoule AIRJ? Down on ER that I want to listen to.
Short report out on OKLO and by association NNE and SMR
AtriCure $ATRC investor day.
Add Intchains Group ICG to BTC Miner Group.
TBLA investor day says Q1 tracking to high end of guidance.
CHWY beats on decent 15% revenue growth.
Are NNOX and BFLY ever going to impact medical imaging?
Dollar Tree DLTR to divest Family Dollar to PE firms.
Siemens SIEGY merger with Altair ALTR closes
News of Interest
JOE St. Joe Company plans to build a state-of-the-art acute care hospital in Panama City Beach under the “FSU Health” name to serve the residents of Bay and Walton counties
DD DuPont Announces Board of Directors for the Planned Independent Electronics Company. The Electronics Board is expected to consist of nine members following the separation's completion, targeted for November 1, 2025.
RIVN Rivian Automotive: Truist comments on spin-off of micromobility business
Analyst Jordan Levy added, "This morning Rivian (RIVN, Hold) announced a spin-off of a micromobility business aimed at commercializing small electric vehicles (incl. e-bikes, neighborhood EVs, microcars, etc) into the newly formed company named Also, which will launch with $105MM in funding from RIVN and venture cap firm Eclipse (Private). As part of the spin-off/inital investment, RIVN will maintain a minority stake in Also, with RIVN executive Chris Yu leading the new company and RIVN CEO RJ Scaringe holding a seat on Also's board. With Also planning to launch its flagship consumer product this Fall, in our view it's too early to gauge what this could mean long-term for RIVN and would view the minority stake as long-term option value on the micromobility market at this stage."
Also will focus on small, lightweight vehicles that are designed to meet the global mobility transportation challenges of today and tomorrow.
Recognizing the massive need for small electric form factors in enabling the sustainable transition of our global transportation system, Rivian started a stealth program focused on micromobility several years ago. The goal of this initial effort was to examine how Rivian's strength in software, electronics and electric propulsion could be applied to create an advantaged cost structure and greatly enhanced product relative to currently available offerings. As these efforts advanced, it became clear that Rivian's approach had the potential to unlock a large opportunity that deserved to be its own company, optimized around different products, brand positioning and markets.
Rivian retains a substantial minority ownership stake in Also and expects opportunities for future collaboration, which may include selectively using some of Rivian's retail footprint. In connection with the spin-off, Also secured a $105 million investment from the venture capital fund, Eclipse Ventures, which will support Also's next phase of growth. Rivian Founder and CEO RJ Scaringe will serve on Also's Board of Directors as its Chairman.
Quantinuum introduces first commercial application for quantum computers
Quantinuum and its partners JPMorganChase (JPM), Oak Ridge National Laboratory, Argonne National Laboratory and the University of Texas used quantum computers to solve a known industry challenge, generating the "random seeds" that are essential for the cryptography behind all types of secure communication. As our partner and collaborator, JPMorganChase explain in this blog post, true randomness is a scarce and valuable commodity.
This year, Quantinuum will introduce a new product based on this development that has long been anticipated, but until now thought to be some years away from reality.
It represents a major milestone for quantum computing that will reshape commercial technology and cybersecurity: Solving a critical industry challenge by successfully generating certifiable randomness.
Potential related stocks: QUBT, QMCO, QBTS, IONQ, IBM, RGTI
SBGSY Schneider Electric plans to invest over $700 million in the US, supporting energy & AI sectors and job growth (48.90 -1.77)
Co announces that it is planning to invest over $700 million in its U.S. operations through 2027. The company's investments support the country's focus on bolstering the nation's energy infrastructure to power AI growth, boost domestic manufacturing, and strengthen energy security. The announcement comes as rising regional demand grows across data centers, utilities, manufacturing, and energy infrastructure segments.
The investment is the largest planned single capital expenditure commitment by Schneider Electric in its' 135+ year history in the U.S. It includes manufacturing expansions and job growth, reflecting the company's robust customer demand for solutions to increase energy efficiency, scale industrial automation, and deliver a more reliable grid. Coupled with previous investments in 2023 and 2024 to strengthen its North American supply chain, Schneider Electric's latest U.S. planned investment will surpass $1 billion so far this decade.
Co announced it will be the Official Energy Management Partner of the new Nissan Stadium (NSANY), future home of the Tennessee Titans. As part of the company's commitment to long-term impact in the Nashville community, Schneider Electric's five-year engagement will begin with the stadium's opening in Spring 2027. Schneider Electric will also implement its own advanced energy management technologies to optimize the stadium's operations and sustainability efforts, with several technologies manufactured in Tennessee.
HOND HCM II Acquisition Corp: Terrestrial Energy to become first publicly traded molten salt nuclear reactor developer through combination with HCM II Acquisition Corp. (HOND is halted)
The cos announced an agreement for a business combination that will result in Terrestrial Energy becoming a public company to be listed on Nasdaq under the ticker symbol "IMSR".
The Transaction will provide approximately $280 million in gross proceeds to accelerate commercial deployment of Terrestrial Energy's IMSR technology and to pay transaction expenses. The $230 million of gross proceeds consists of $50 million in common stock PIPE commitments at $10.00 per share from new non-affiliated fundamental institutional investors, and approximately $230 million of cash held in HCM II's trust account (before giving effect to potential redemptions). The Transaction values Terrestrial Energy at a pre-money equity value of $925 million, which is a significant discount to publicly traded comparable SMR peers, providing an attractive entry point for HCM II shareholders. It also implies a pro-forma enterprise value of the new public company of approximately $1 billion and a pro-forma equity value of approximately $1.3 billion (each assuming no redemptions and anticipated PIPE proceeds). Terrestrial Energy's existing management team will continue to lead the company following the completion of the Transaction. All Terrestrial Energy shareholders will roll 100% of their equity holdings into the new public company. Additionally, Terrestrial Energy's management team, Terrestrial Energy's primary shareholders, HCM II's sponsor and certain affiliates of HCM II's sponsor have committed to customary lock-ups. The proposed Transaction was unanimously approved by the Boards of Directors of HCM II and Terrestrial Energy.
Completion of the proposed Transaction is anticipated to occur in the fourth quarter of 2025 subject to customary closing conditions.
UPS UPS announces the launch of UPS Global Checkout, an exciting new service that makes it even easier for consumers around the world to buy online from shippers around the world (111.00 +1.05)
Until now, international purchases often arrived with an unpleasant surprise -- an additional bill for unpaid import costs. UPS Global Checkout solves that problem by guaranteeing upfront the amount online shoppers pay in duties, fees and taxes, and eliminating the frustration of unexpected costs at delivery.
UPS is the only global integrated carrier to offer a guaranteed landed cost solution for international shipping that is seamlessly incorporated into its shipping technology, transforming the shopping experience and offering complete transparency on costs. With updates in near real time, the service adjusts to policy changes, international tax laws, duties and tariffs, helping to avoid surprise costs and offering a positive delivery experience. Available in 43 origin countries and delivering to more than 200 destinations worldwide, the service helps businesses of all sizes grow globally by streamlining international shipping.
NAMI Jinxin Technology issues 2025 financial guidance: projects $70 million in revenue, driven by AI-powered content expansion and strategic partnerships (no estimates)
Co announced its financial guidance for the fiscal year 2025, projecting total revenue of 70 Million USD, fueled by strong growth across its AI-powered product portfolio and strategic partnerships.
A key driver of this performance is the Company's deepening collaboration with China Mobile. Through their joint 5G New Call initiative, Jinxin Technology expects to generate over 100 million RMB in revenue and serve more than 5 million paying users in 2025. This partnership continues to scale rapidly across China, transforming traditional voice and video calling through the integration of AI-powered digital humans and big data-enhanced interactive services.
In 2024, Jinxin Technology gained significant traction by launching its 5G digital human services across 20+ provinces, reaching over 1.3 million paying users and generating more than 3 million USD in revenue. Looking ahead to 2025, the Company plans to extend its presence nationwide and deepen AI integration across its platform and services.
PLTK Playtika: BofA Securities upgrades to Buy, sees 48% upside on strong profitability & high yields
BofA's Omar Dessouky highlighted, "We upgrade PLTK to Buy from Underperform and raise our PO to $6.5 (from $6) for 48% potential upside. PLTK boasts the industry's highest profitability (30% EBITDA margins), the industry's largest DTC platform, and three of the largest and longest running franchises in mobile gaming history. It operates within the mature, but still growing mobile gaming industry, which we expect to grow at least 4% Y/Y for the foreseeable future. Given an all-time high NTM FCF yield of 21% and a dividend yield of 9%, we think downside to the shares is limited given management's reputation for operational excellence. We think the share price dislocation was driven by (1) the exit of a large shareholder amidst a low trading liquidity, (2) concerns that PLTK's transition to growth has taken too long (3) investor preference for mobile ad networks assets (i.e. AppLovin) over publishers."
IBKR Interactive Brokers expands crypto offering with SOL, ADA, XRP, and DOGE trading
Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced the addition of four popular cryptocurrency tokens to its trading platform: Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE). These new tokens join Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), providing investors access to some of the most actively traded digital assets. SOL, ADA, XRP and DOGE are available to clients with an account at Zero Hash LLC, and SOL is available to clients with an account at Paxos Trust Company.
ALRM Alarm.com's Shooter Detection Systems unit announces new technology integration with Genea Security (57.76 +0.07)
Shooter Detection Systems (SDS), an Alarm.com (NASDAQ: ALRM) company and a leading gunshot detection solutions provider, has announced a new technology integration with Genea Security, a leading cloud-based access control software platform. This collaboration aims to enhance response efforts to active shooter incidents, particularly within the higher education market.