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BNP Paribas Completes Acquisition of Axa's Asset Management Unit

BNP Paribas Completes Acquisition of Axa's Asset Management Unit

Bloomberg01-07-2025
BNP Paribas SA has finalized its purchase of Axa SA 's investment unit, creating one of Europe's largest asset managers.
The newly formed business will have more than €1.5 trillion ($1.8 trillion) in assets under management, according to a release from the French bank on Tuesday. Return on invested capital is expected to exceed 14% in 2028 and 20% a year later.
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Laughing Water Capital's View on Lifecore Biomedical (LFCR)
Laughing Water Capital's View on Lifecore Biomedical (LFCR)

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Laughing Water Capital's View on Lifecore Biomedical (LFCR)

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Stock market today: Dow, S&P 500, Nasdaq futures trade mixed as Wall Street weighs Google, Tesla earnings
Stock market today: Dow, S&P 500, Nasdaq futures trade mixed as Wall Street weighs Google, Tesla earnings

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Stock market today: Dow, S&P 500, Nasdaq futures trade mixed as Wall Street weighs Google, Tesla earnings

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The US-Japan trade deal boosts optimism for Wolfspeed as it supports Renesas' EV chip production, raising hopes for more deals with automakers like Jaguar Land Rover. Here are some top stocks trending on Yahoo Finance in premarket trading: Chipotle Mexican Grill (CMG) stock fell 10% before the bell on Thursday after reporting another quarter of negative sales growth. The fast-casual restaurant chain posted results on Wednesday as it navigates an uncertain consumer environment and as its new leadership deals with the most challenging backdrop in years. T-mobile (TMUS) stock rose 5% premarket on Thursday after beating analyst estimates on Wednesday. The telecom group's CEO Mike Sievert told Yahoo Finance's executive editor Brian Sozzi that the company's steady value messaging is helping it to gain market share. Wolfspeed (WOLF) shares rose 18% before the bell. The chipmaker's stock reacted positively this week to the new US-Japan trade deal and has been up 13% over the last five days. The US-Japan trade deal boosts optimism for Wolfspeed as it supports Renesas' EV chip production, raising hopes for more deals with automakers like Jaguar Land Rover. American Eagle stock soars after-hours in latest meme push Stock in retail giant American Eagle Outfitters, Inc. (AEO) flew up over 25% in after-hours trades overnight Thursday. The individual share price went from $10.82 at close to a peak of $13.80 as of 10:57 p.m. EDT. The jump in value can be attributed to the current meme stock phase that has pushed up value in companies such as Opendoor (OPEN), Krispy Kreme (DNUT), Kohl's (KSS), and GoPro (GPRO) over the past few days. Much of meme-stock mania can be attributed to retail investors making moves in stocks with 'undervalued fundamentals', and the rallying of groups around individual personalities. With this in mind, the release of an ad campaign starring actress Sydney Sweeney has been leapt upon by members of online communities on Reddit and X. 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With this in mind, the release of an ad campaign starring actress Sydney Sweeney has been leapt upon by members of online communities on Reddit and X. Though seen in other companies receiving the benefits of online attention, with Opendoor receiving a 140% increase in retail revenue in the past two weeks, it is unclear whether the increase in stock value will see a corresponding increase in revenue for American Eagle. Oil prices rise on trade deal positivity, stockpile reduction Crude oil prices climbed late night Thursday, fueled by hopes for progress in US trade talks and a surprise plunge in American oil stockpiles, easing concerns about global economic slowdown. Reuters reports: Read more here. Crude oil prices climbed late night Thursday, fueled by hopes for progress in US trade talks and a surprise plunge in American oil stockpiles, easing concerns about global economic slowdown. Reuters reports: Read more here. 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NextNav (NN) is Seeking Regulatory Play for its 5G Spectrum
NextNav (NN) is Seeking Regulatory Play for its 5G Spectrum

Yahoo

time21 minutes ago

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NextNav (NN) is Seeking Regulatory Play for its 5G Spectrum

Laughing Water Capital, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter of 2025, Class A interests in Laughing Water Capital returned approximately 13.1% net of all expenses. The SP500TR and R2000 returned 10.9% and 8.5%, respectively. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Laughing Water Capital highlighted stocks such as NextNav Inc. (NASDAQ:NN). NextNav Inc. (NASDAQ:NN) provides next-generation positioning, navigation, and timing (PNT) solutions. The one-month return of NextNav Inc. (NASDAQ:NN) was 2.25%, and its shares gained 88.51% of their value over the last 52 weeks. On July 23, 2025, NextNav Inc. (NASDAQ:NN) stock closed at $15.42 per share, with a market capitalization of $2.042 billion. Laughing Water Capital stated the following regarding NextNav Inc. (NASDAQ:NN) in its second quarter 2025 investor letter: "NextNav Inc. (NASDAQ:NN) – NextNav, which is our next-gen GPS and spectrum company, continues to march the ball forward in their quest to have the FCC greenlight their spectrum for 5G use. I continue to believe that the odds of NextNav succeeding are very favorable. This belief comes from the obvious, such as reading FCC filings where NextNav is specifically named, but also from more and more articles highlighting the vulnerabilities of the existing GPS system and the National Security needs of the United States. Additionally, it is hard to interpret the official FCC Twitter/X account re-tweeting articles written by NextNav's CEO as a bad sign, and perhaps most important is reading the tea leaves and digging up the scuttlebutt surrounding the various personalities involved behind the scenes. An aerial view of a bustling metropolis with internet towers in the distance. NextNav Inc. (NASDAQ:NN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held NextNav Inc. (NASDAQ:NN) at the end of the first quarter, which was 23 in the previous quarter. NextNav Inc.'s (NASDAQ:NN) first quarter revenue increased to $1.5 million from $1 million in Q1 2024. While we acknowledge the potential of NextNav Inc. (NASDAQ:NN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

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