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CBS News
a minute ago
- CBS News
Chinese research ship detected off Alaskan coast, Coast Guard says
A China-flagged research vessel was detected Friday off the coast of Alaska, the U.S. Coast Guard said. The Coast Guard reported Saturday that the Xue Long 2, an icebreaker, was detected about 290 nautical miles north of Utqiagvik, Alaska, in the U.S. Arctic. The Xue Long 2 is operated by China's Polar Research Institute. The ship was in the U.S.'s Extended Continental Shelf, or ECS, which is a portion of the continental shelf that goes beyond 200 miles nautical miles off the coast, according to the State Department. The ship was determined to be 130 nautical miles inside the ECS. "The U.S. has exclusive rights to conserve and manage the living and non-living resources of its ECS," the Coast Guard said in its news release. A Coast Guard C-130J Hercules, a long-range surveillance aircraft, responded to the ship. The Coast Guard also released a photo of the vessel. "The U.S. Coast Guard, alongside partners and other agencies, vigilantly monitors and responds to foreign government vessel activity in and near U.S. waters to secure territorial integrity and defend sovereign interests against malign state activity," said Rear Adm. Bob Little, commander of the U.S. Coast Guard Arctic District, in a statement. CBS News reached out the Coast Guard for clarification on how it was dealing with the vessel. Earlier this week, Canada's CBC News reported that the Canadian military was monitoring the movements of the Xue Long 2 in the Arctic. In a statement provided to the CBC Tuesday, Maj. Alexander Naraine, a spokesperson for the military's joint operations centre said that the Xue Long 2 was "not currently in Canadian territorial waters." Canada was using a Lockheed CP-140 Aurora aircraft based out of Alaska to "actively" monitor the Chinese ship, Naraine said. This comes after four Russian military planes were spotted and tracked flying near the Alaskan coast Tuesday by North American Aerospace Defense Command. The aircraft flew through a section of international airspace called the Alaskan Air Defense Identification Zone. While the Alaska ADIZ is considered part of international airspace, it is defined as an area where sovereign U.S. airspace ends but "that requires the ready identification of all aircraft in the interest of national security," according to NORAD. In January, American and Canadian fighter jets were scrambled after Russian warplanes were also spotted in the Arctic, NORAD said. The Russian warplanes remained in international airspace. And in July 2024, the U.S. intercepted several Chinese or Russian bombers near the Alaskan coast. At the time, a U.S. defense officials said it marked the first time ever that Russian and Chinese aircraft have jointly entered the Alaska ADIZ, and the first time Chinese H-6s have encroached off Watson, Emily Mae Czachor and Stephen Smith contributed to this report.
Yahoo
29 minutes ago
- Yahoo
Wells Fargo Raises PT on Health Catalyst, Inc. (HCAT); Maintains ‘Buy' Rating
Health Catalyst, Inc. (NASDAQ:HCAT), having a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, ranks among the . A data center operator working on a rack of servers, emphasizing the company's cloud services. On July 1, 2025, Wells Fargo set its price target at $10 for Health Catalyst, Inc. (NASDAQ:HCAT), maintaining a 'Buy' rating. HCAT's shares are currently trading at around $4, implying a significant upside as per the analyst. The analyst believes that Health Catalyst, Inc. (NASDAQ:HCAT) is valued much lower than its peers, which sets the company up for future growth through consistent performance. The firm expects positive growth in the company's bookings in the upcoming Q2, which is likely to boost investor sentiment. Meanwhile, the company's strong revenue visibility for 2025 is noted, along with an anticipated acceleration in its DOS client growth. Looking ahead, the analyst expects the company to improve its dollar-based retention rate, enhancing its customer loyalty and revenue base. Legislative uncertainties, on the other hand, are expected to be short-term concerns with minimal long-term impact. Lastly, the company's EBITDA growth was also highlighted as a key reason for the optimistic outlook. With Health Catalyst Ignite, a cloud-based data and analytics platform, Health Catalyst, Inc. (NASDAQ:HCAT) serves healthcare entities, enhancing clinical, financial, and operational results. It is included in our list of the best cloud stocks. While we acknowledge the potential of HCAT 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. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 11 Best Mineral Stocks to Buy According to Hedge Funds. Disclosure: None.
Yahoo
29 minutes ago
- Yahoo
Wolfe Research Initiates Coverage on Harmonic Inc. (HLIT) with ‘Underperform' Rating
Harmonic Inc. (NASDAQ:HLIT), having a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, ranks among the . On July 8, 2025, Wolfe Research initiated coverage on Harmonic Inc. (NASDAQ:HLIT) with a price target of $7 and an 'Underperform' rating. This comes ahead of the company's earnings release for Q2, which is scheduled for July 28, 2025. The analyst's price target implies a downtick from the company's current share price of $9.10. However, several other analysts, such as Rosenblatt, Needham, and Barclays, have recently given bullish ratings on the company. Despite a sluggish outlook, analysts project strong growth in 2025, where they project a revenue growth of 30.29%, taking the total expected revenue from $645.2 million in 2025 to $840.6 million in 2026. This growth is driven by Harmonic Inc. (NASDAQ:HLIT)'s strategic partnerships and technological innovation, as its recent deals with Vectra and Cignal TV demonstrate its growing global footprint in the realm of broadband and video streaming. Furthermore, its innovative PTP-less DAA deployment and cloud-native VOS360 platform are expected to bolster its competitive edge. While there have been delays in the short-term rollouts, management remains optimistic. Looking ahead, the analysts expect an improved second half of 2025 and a strong 2026 performance, driven by strong demand amid the company's collaboration with CUJO AI that will enhance broadband connectivity. With the help of its software and SaaS platforms, Harmonic Inc. (NASDAQ:HLIT) offers cloud-based broadband and video solutions, serving operators and media companies by delivering high-speed internet and advanced streaming services. It is included in our list of the best cloud stocks. While we acknowledge the potential of HLIT 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. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 11 Best Mineral Stocks to Buy According to Hedge Funds. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
