In today’s briefing:
- Select Sector Indices and S&P Equal Weight Rebalance: US$12.7bn Round-Trip Trade Post Capping
- Ciena Corporation Reveals Pluggable Optics Power—Is 800G the Next Big Telecom Breakthrough?
- Slide Holdings Insurance, Inc.(SLDE): Florida Based Insurer Looking to Ride the Tailwinds of Sector
- Intel Is Shrinking (Headcount), Declining (Market Share), but Weakness Can Be a Strength
- Caris Life Sciences, Inc. (CAI): Price Bumped Higher, Intersection of Cancer and AI in High Demand
- Vivos Therapeutics, Inc: SCN Acquisition Closed; Key Step in Strategic Pivot
- GameStop’s Crypto Gamble & AI Facelift: A Meme Stock On Life Support?
- Indutrade: Initiation of Coverage- How Europe’s Quiet Giant Is Diversifying to Beat Market Volatility!
- Keysight Technologies Taps into 6G & Open RAN—Is This the Future of Wireless Dominance?
- Oil Prices Rise as Israel Attacks Iran’s Nuclear Facilities – What We Do
Select Sector Indices and S&P Equal Weight Rebalance: US$12.7bn Round-Trip Trade Post Capping
- There are no constituent changes for the S&P 500 INDEX (SPX INDEX) in June but there are capping changes for the Select Sector indices and the Equal Weight Index.
- The round-trip trade is US$12.7bn with a big chunk from the Equal Weight Index, Communication Services Select Sector SPDR Fund (XLC US) and Consumer Discretionary Select (XLY US).
- The largest flows are expected in Meta, Amazon.com, Alphabet, Broadcom, Live Nation Entertainment, Tesla, T Mobile Us, Exxon Mobil, Fox, Omnicom Group, TKO Group Holdings and Netflix.
Ciena Corporation Reveals Pluggable Optics Power—Is 800G the Next Big Telecom Breakthrough?
- Ciena Corporation’s financial results for the fiscal second quarter of 2025 reflect robust performance and strategic positioning within the dynamic networking and telecommunications industry.
- The company reported revenue of $1.13 billion, marking alignment with the high end of their guidance, an indicator of successful strategy execution and market demand.
- This strong revenue performance is underscored by substantial growth in cloud provider revenue, which represented 38% of total revenue and grew by 85% year-over-year to over $400 million in the quarter.
Slide Holdings Insurance, Inc.(SLDE): Florida Based Insurer Looking to Ride the Tailwinds of Sector
- According to our sources, the deal is well-oversubscribed with good diversification from long-only accounts.
- Looking at the financial metrics of this company, they wrote premiums of $1.33b in 2024 which was a 52.5% increase from 2023.
- The success of the insurance sector as a whole including the strong performance of Ategrity Specialty Holdings (ASIC US) last week will only further enhance the optics of this IPO.
Intel Is Shrinking (Headcount), Declining (Market Share), but Weakness Can Be a Strength
- Intel layoffs now extending to production in US, Israel. Intel’s revenue/employee is half that of AMD, TSMC. An AMD or TSMC employee generates 2x more revenue than an Intel employee.
- Intel shareloss in PC, Server continues. Over the past 4 years Intel lost 6 percentage points PC market share (down to 76%), 13 percentage points in server (down to 73%).
- Intel is now without an AI / GPU roadmap. It looks bad but the twist is it helps Intel requalify with Nvidia DGX, replacing AMD. Weakness breeds strength.
Caris Life Sciences, Inc. (CAI): Price Bumped Higher, Intersection of Cancer and AI in High Demand
- Caris Life Sciences increased the price range on its IPO on Monday ahead of a Wednesday scheduled debut.
- According to our sources, the deal is multiple-times oversubscribed with a mix of new and existing investors. There are multiple mutual-fund anchor orders in the book.
- Given how important this company’s technology is to the cancer arena and the revenue growth that is “ramping” into the IPO, we like the risk-reward profile of this deal.
Vivos Therapeutics, Inc: SCN Acquisition Closed; Key Step in Strategic Pivot
- SCN acquisition closed, marking a pivotal milestone in the new marketing model.
- Vivos completed the acquisition of the Sleep Center of Nevada (SCN), paying $6.0 million in cash and $1.5 million in stock upfront.
- SCN remains eligible for an additional $1.5 million contingent stock payment if a financial milestone is achieved.
GameStop’s Crypto Gamble & AI Facelift: A Meme Stock On Life Support?
- GameStop, the once-mighty video game retailer turned meme stock sensation, is back in the headlines—but not for reasons that inspire confidence.
- The company recently announced a $1.75 billion offering of 0% convertible senior notes due 2032, triggering a nearly 20% plunge in its share price.
- Investors were spooked not only by the prospect of future dilution but also by GameStop’s new strategy: pouring hundreds of millions into Bitcoin, mimicking the controversial playbook of MicroStrategy.
Indutrade: Initiation of Coverage- How Europe’s Quiet Giant Is Diversifying to Beat Market Volatility!
- Indutrade AB’s recent quarterly earnings present a nuanced picture of its current operational and financial health.
- The company reported a 5% organic growth in order intake amidst an uncertain market environment.
- This was primarily driven by strong demand in sectors such as pharmaceuticals, the broader process industry, and energy.
Keysight Technologies Taps into 6G & Open RAN—Is This the Future of Wireless Dominance?
- Keysight Technologies reported its fiscal second quarter 2025 earnings, highlighting several key aspects that investors may find noteworthy.
- The company delivered a robust performance, with revenues at $1.3 billion and earnings per share of $1.70, both exceeding the high-end of guidance.
- This performance marks continued revenue growth, driven by strong demand in the Communications Solutions Group (CSG) and a return to growth in the Electronics Industrial Solutions Group (EISG).
Oil Prices Rise as Israel Attacks Iran’s Nuclear Facilities – What We Do
- YTD our absolute return strategy is up 12,0% Oil Prices Rise as Israel Attacks Iran’s Nuclear Facilities – What We Do Friday was marked by panic buying safe haven assets.
- Gold and Crude went up, risk assets went down. We’re now in a time of mass geopolitical uncertainty and related volatility.
- Therefore we think it is important to keep a cool head in such situations and don’t let headlines and breaking news change investment behavior.
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