Latest news with #NWSA
Business Journals
4 days ago
- Business
- Business Journals
Historic partnership's economic impacts to be felt for generations
A planned port expansion on the Blair waterway in Tacoma — representing an agreement 40 years in the making and a historic collaboration that is a first between a port and a tribe — adds to the Puyallup Tribe's economic force, setting up generations to come. 'As the first tribally owned deep-water port in the country, it sets an example that can serve to inspire the way other governments, tribes and businesses collaborate,' wrote the Seattle Times editorial board in March. 'And it marks the latest chapter in a comeback for a tribe that, in 1950, had only about 10 families left that still owned U.S. government-assigned allotments in and around the path of the Puyallup River.' Current Northwest Seaport Alliance (NWSA) Co-Chair and Port of Tacoma Commission President John McCarthy said, 'to be the first major United States port to enter an agreement with a tribal sovereign nation to jointly operate properties on reservation lands' is both a 'dream' come true and a historic 'first.' Seaport expansion in Tacoma The Puyallup Tribe and the NWSA, the maritime cargo operating partnership between the ports of Tacoma and Seattle, signed an agreement that roughly outlines a new pier and facility, known as the Puyallup Tribal Terminal, on the East Blair Waterway in Tacoma. This put into words the joint commitment the two entities have for bolstering one of the United States' largest international gateways to the tune of about $200 million. The tribe will pay for the terminal's construction, as well as ongoing maintenance and repairs, according to the agreement. The tribe will own the terminal and it will be co-managed with the NWSA. The terminal will focus on RoRo (roll-on roll-off) and other breakbulk cargo, like the NWSA's adjacent EB1 terminal. The terminal, expected to be built in three to five years, will be an economic boon to the Puyallup Tribe. The agreement also includes an employment and developmental program for the tribe. 'This is an investment in the tribe's future,' said Jed Boba, port executive director with the Puyallup Tribal Enterprises. 'This is generational.' expand A long history The ancestral lands of the Puyallup people were included in the 1854 Medicine Creek Treaty, in which Western Washington tribal leaders ceded to the federal government approximately 2.24 million acres of land. This was the first of many U.S. government acts that would further restrict and define the Puyallup people's land. The Medicine Creek Treaty created the Puyallup Indian Reservation and, among other things, guaranteed fishing and hunting rights in and around that territory. However, it would take many decades before the U.S. government and Washington state recognized the Puyallup Tribe's rights to the land and fishing and hunting rights. In the 1960s and '70s, fishing rights came to a head during the 'Fishing Wars,' in which members and supporters — including celebrities — were arrested for fishing on the Puyallup River. A federal ruling in 1974, known as the Boldt decision, upheld and reaffirmed the rights of tribes to fish on and around their lands, including the Puyallup Tribe. Several other key court cases solidified the tribe's fishing rights. In 1984, the Puyallup Tribe filed a lawsuit in federal court claiming ownership of land that was occupied by the Port of Tacoma and the Union Pacific Railroad, challenging the ownership of the Tacoma waterfront, which, at the time, was valued in the hundreds of millions of dollars. Through negotiations, the federal and state governments, local municipalities, the Port of Tacoma and the tribe reached the Puyallup Land Claims Settlement in the late '80s. The settlement, valued at $161.8 million, resulted in the transfer to the tribe, among other things, a parcel of land on the Blair Waterway, which is where the new pier and terminal will be built. McCarthy, who began his career as a Port of Tacoma commissioner and was involved in the negotiations throughout the late '80s, saw it as the first phase to working hand-in-hand with the Puyallup Tribe. Fred Felleman, NWSA Managing Member and Port of Seattle Commissioner, said that the agreement reached in March to expand the Blair waterway is part of a 'shared future' with the tribe. The agreement will allow the Northwest Seaport Alliance to expand cargo capacity and create jobs, said Don Esterbrook, Deputy CEO of the NWSA.
Yahoo
6 days ago
- Business
- Yahoo
Earnings Preview: What to Expect From News Corporation's Report
News Corporation (NWSA), headquartered in New York, creates and distributes authoritative and engaging content, and other products and services worldwide. Valued at $16.5 billion by market cap, the company delivers news, financial insights, entertainment, book publishing, digital real estate services, and subscription video content through influential publications like The Wall Street Journal, The Times, New York Post, MarketWatch, and more. The global media and information services leader is expected to announce its fiscal fourth-quarter earnings for 2025 after the market closes on Tuesday, Aug. 5. Ahead of the event, analysts expect NWSA to report a profit of $0.19 per share on a diluted basis, up 11.8% from $0.17 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Dear QuantumScape Stock Fans, Mark Your Calendars for July 23 Should You Buy the Post-Earnings Dip in Lockheed Martin Stock? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect NWSA to report EPS of $0.86, up 22.9% from $0.70 in fiscal 2024. Its EPS is expected to rise 20.9% year over year to $1.04 in fiscal 2026. NWSA stock has underperformed the S&P 500 Index's ($SPX) 13.4% gains over the past 52 weeks, with shares up 6.1% during this period. Similarly, it underperformed the Communication Services Select Sector SPDR ETF's (XLC) 26.2% uptick over the same time frame. On May 8, NWSA shares closed up more than 1% after reporting its Q3 results. Its revenue stood at $2 billion, up 1.7% year over year. The company's adjusted EPS rose 30.8% from the year-ago quarter to $0.17. Analysts' consensus opinion on NWSA stock is bullish, with an overall 'Strong Buy' rating from all the nine analysts covering the stock. NWSA's average analyst price target is $38.14, indicating a potential upside of 29.6% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
19-07-2025
- Business
- Business Insider
Trump Truth Social: Trump Blasts ‘Garbage' Media Titan Murdoch over Epstein Letter
Shares in media group News Corp (NWSA) dropped today after it suffered a Trump tirade. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. In his latest Truth Social post, the President was in a grumpy Trumpy mood railing against the Wall Street Journal and its boss Rupert Murdoch. The Australian mogul got not one, not two, but three tirades. Fake Claims 'I look forward to getting Rupert Murdoch to testify in my lawsuit against him and his 'pile of garbage' newspaper, the WSJ. That will be an interesting experience!!!' Trump wrote. This post came hot on the heels of another red-faced Trump tantrum. 'The Wall Street Journal printed a FAKE letter, supposedly to Epstein. These are not my words, not the way I talk. Also, I don't draw pictures. I told Rupert Murdoch it was a Scam, that he shouldn't print this Fake Story. But he did, and now I'm going to sue his ass off, and that of his third rate newspaper. Thank you for your attention to this matter! DJT' That post came hot on the heels of this diatribe. 'The Wall Street Journal, and Rupert Murdoch, personally, were warned directly by President Donald J. Trump that the supposed letter they printed by President Trump to Epstein was a FAKE and, if they print it, they will be sued. Mr. Murdoch stated that he would take care of it but, obviously, did not have the power to do so. The Editor of The Wall Street Journal, Emma Tucker, was told directly by Karoline Leavitt, and by President Trump, that the letter was a FAKE, but Emma Tucker didn't want to hear that. Instead, they are going with a false, malicious, and defamatory story anyway. President Trump will be suing The Wall Street Journal, NewsCorp, and Mr. Murdoch, shortly. The Press has to learn to be truthful, and not rely on sources that probably don't even exist. President Trump has already beaten George Stephanopoulos/ABC, 60 Minutes/CBS, and others, and looks forward to suing and holding accountable the once great Wall Street Journal. Filthy Rag It has truly turned out to be a 'Disgusting and Filthy Rag' and, writing defamatory lies like this, shows their desperation to remain relevant. If there were any truth at all on the Epstein Hoax, as it pertains to President Trump, this information would have been revealed by Comey, Brennan, Crooked Hillary, and other Radical Left Lunatics years ago. It certainly would not have sat in a file waiting for 'TRUMP' to have won three Elections. This is yet another example of FAKE NEWS!' Feel-good Fridays are clearly not a thing in President Trump's world. Despite getting a dressing down today, News Corp has performed well since Trump returned to power in January. It is up 9% in the year to date. Is NWSA a Good Stock to Buy Now? On TipRanks, NWSA has a Strong Buy consensus based on 6 Buy ratings. Its highest price target is $45. NWSA stock's consensus price target is $39, implying a 30.22% upside.
Yahoo
26-06-2025
- Business
- Yahoo
2 Surging Stocks to Research Further and 1 to Be Wary Of
The stocks in this article are all trading near their 52-week highs. This strength often reflects positive developments such as new product launches, favorable industry trends, or improved financial performance. While momentum can be a leading indicator, it has burned many investors as it doesn't always correlate with long-term success. On that note, here are two stocks with the fundamentals to back up their performance and one not so much. One-Month Return: +4.1% Established in 2013 after a restructuring, News Corp (NASDAQ:NWSA) is a multinational conglomerate known for its news publishing, broadcasting, digital media, and book publishing. Why Should You Sell NWSA? Annual sales declines of 2.5% for the past five years show its products and services struggled to connect with the market Projected sales growth of 2.5% for the next 12 months suggests sluggish demand Underwhelming 6.3% return on capital reflects management's difficulties in finding profitable growth opportunities News Corp's stock price of $29.40 implies a valuation ratio of 32.9x forward P/E. Read our free research report to see why you should think twice about including NWSA in your portfolio, it's free. One-Month Return: -0.4% Formerly known as AmerisourceBergen until its 2023 rebranding, Cencora (NYSE:COR) is a global pharmaceutical distribution company that connects manufacturers with healthcare providers while offering logistics, data analytics, and consulting services. Why Do We Love COR? Unparalleled scale of $310.2 billion in revenue enables it to spread administrative costs across a larger membership base Share repurchases have amplified shareholder returns as its annual earnings per share growth of 14.5% exceeded its revenue gains over the last five years Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures Cencora is trading at $292.32 per share, or 18.1x forward P/E. Is now the right time to buy? See for yourself in our full research report, it's free. One-Month Return: +9.8% Pioneering a unique business model in the pharmaceutical industry since 1996, Royalty Pharma (NASDAQ:RPRX) acquires rights to receive portions of sales from successful biopharmaceutical products, providing funding to drug developers without conducting research itself. Why Are We Fans of RPRX? Projected revenue growth of 22.4% for the next 12 months is above its two-year trend, pointing to accelerating demand Efficiency rose over the last two years as its Adjusted operating margin increased by 60 percentage points Free cash flow margin jumped by 28.7 percentage points over the last five years, giving the company more resources to pursue growth initiatives, repurchase shares, or pay dividends At $35.90 per share, Royalty Pharma trades at 7.5x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Is News Corp Stock Underperforming the S&P 500?
Valued at a market cap of $16.1 billion, News Corporation (NWSA) is a diversified media and information services company. Based in New York, the company operates through various segments, including Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Others. Companies valued at $10 billion or more are generally labeled as 'large-cap' stocks, and News Corp fits this criterion perfectly. The company creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It owns major brands such as The Wall Street Journal, Dow Jones, Barron's, and MarketWatch. Robotaxis, Powell and Other Key Things to Watch this Week Make Over a 2.4% One-Month Yield Shorting Nvidia Out-of-the-Money Puts Is Quantum Computing (QUBT) Stock a Buy on This Bold Technological Breakthrough? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! NSWA currently trades 7.6% below its all-time high of $30.69 recorded on Feb. 19. NWSA's stock has gained 4.4% in the past three months, slightly underperforming the S&P 500 Index's ($SPX) 5.4% increase. In the longer term, NSWA has surged 2.9% on a YTD basis, outpacing the SPX, which has risen 1.5%. However, shares of NWSA gained 5.4% over the past 52 weeks, lagging behind the SPX's 9% return over the same time frame. Despite a few fluctuations, the stock has been trading above its 50-day and 200-day moving averages since May. News Corp's stock fell 1.5% in the trading session after the release of its mixed Q3 2025 results on May 8. The company reported revenue of $2 billion, up nearly 1% year-over-year, driven by higher circulation and subscription revenues in the Dow Jones segment, increased Australian residential revenues at REA Group, and stronger book sales in the Book Publishing segment. These gains were partially offset by lower revenues in the News Media segment, and overall revenue fell short of consensus estimates. Its adjusted total segment EBITDA rose 15.3% from the prior-year quarter to $301 million. Meanwhile, adjusted EPS came in at $0.17, reflecting a 30.8% increase year-over-year, but missed analysts' expectations by 10.5%. Compared to its peer, Fox Corporation (FOXA) has notably outperformed the NWSA stock. Shares of FOX have gained 13.7% on a YTD basis and have climbed 60.8% over the past 52 weeks. Among the nine analysts covering the NWSA stock, the consensus rating is a 'Strong Buy.' Its mean price target of $38.14 suggests a notable 34.5% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
