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Navitas Semiconductor NVTS Stock Surges 20% on AI Power Demand and Upgraded Outlook

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Buy or Sell Navitas Semiconductor Stock in 2026? Analysts Split

TORRANCE, Calif.Navitas Semiconductor Corporation shares rose 19.98% to close at $29.25 on May 22, 2026, on the Nasdaq as the gallium nitride and silicon carbide power semiconductor specialist benefited from continued investor interest in high-efficiency solutions for artificial intelligence data centers.

The stock traded as high as $29.54 during the session before pulling back slightly in after-hours trading to around $29.01. The move extended recent gains tied to the company’s shift toward high-power markets.

Q1 2026 Financial Results

Navitas reported first-quarter 2026 revenue of $8.6 million on May 5, up 18% sequentially from $7.3 million in the fourth quarter of 2025. The sequential increase was driven by higher contributions from high-power markets, including AI data centers, grid and energy infrastructure, and industrial electrification.

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Non-GAAP gross margin expanded to 39.0%. The company reported a GAAP net loss of $33.8 million, or $0.15 per share. On a non-GAAP basis, the loss per share was $0.04, beating consensus estimates of $0.05.

For the second quarter of 2026, Navitas guided revenue to $10.0 million, plus or minus $0.5 million, representing sequential growth of over 16% at the midpoint. Non-GAAP gross margin is expected at 39.25%, plus or minus 75 basis points.

Strategic Focus

Navitas has pursued its “Navitas 2.0” strategy, emphasizing high-power GaN and SiC solutions for AI data centers and energy infrastructure while reducing exposure to lower-margin consumer and mobile segments. High-power markets represented a larger portion of revenue in the first quarter.

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The company highlighted new 800V solutions for AI data centers and grid infrastructure at PCIM 2026. These include SST solutions for medium-voltage to high-voltage DC conversion and power delivery boards.

Analyst Actions

Several firms raised price targets in early May 2026. Needham increased its target to $21 from $13. Baird raised its target to $20 from $9. Morgan Stanley lifted its target to $12.50 from $4.20, and Rosenblatt moved to $13 from $7.

Partnerships and Developments

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Navitas secured a partnership with Cyrient in India for GaN-based products targeting next-generation power applications, including AI infrastructure and industrial systems. The company continues to advance its GeneSiC silicon carbide platform alongside GaNFast gallium nitride technology.

Capital Markets Activity

In May 2026, Navitas completed a $122 million ATM equity offering and launched a new $125 million ATM program. It also filed a $250 million mixed securities shelf. The company ended the first quarter with approximately $223.4 million in cash, cash equivalents and restricted cash.

Market Position

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Navitas operates in the power semiconductor sector, competing in high-growth areas driven by AI power demands. The company’s technology focuses on efficiency improvements critical for data centers and renewable energy applications. Shares have shown significant volatility in 2026, with strong year-to-date performance reflecting investor interest in AI-related power solutions.

Outlook

Navitas plans to report second-quarter 2026 results in early August. Management has emphasized disciplined spending and R&D investment in high-power initiatives. Revenue forecasts for 2026 were upgraded by an average of 12% in recent weeks according to some tracking services.

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Retail Sales Jump Nearly 1% in May. High Gas Prices Can’t Keep Consumers Down.

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Retail Sales Jump Nearly 1% in May. High Gas Prices Can’t Keep Consumers Down.

Retail Sales Jump Nearly 1% in May. High Gas Prices Can’t Keep Consumers Down.

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Disney Plus Down for Tens of Thousands as Login Errors Plague Streaming Platform Nationwide

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Disney Plus

Disney Plus experienced a widespread outage Thursday that left tens of thousands of subscribers unable to log into the streaming platform, with user-reported error counts climbing steadily throughout the afternoon and evening as the company remained largely silent about the cause of the disruption.

Disney+ experienced a possible outage Thursday, according to Downdetector.com. More than 14,000 users had reported problems with the platform as of 4:26 p.m. Pacific Time, according to the outage-tracking site, which monitors service disruptions by collecting status reports from multiple sources. Most users reporting a problem with Disney+ said they were experiencing login issues.

A Rapidly Escalating Outage

What began as a few thousand scattered reports quickly snowballed into one of the more significant disruptions the streaming platform has faced in recent memory. Nearly 20,000 users had reported an issue with the streaming platform shortly after the initial reports surfaced. That figure continued climbing throughout the evening, with more than 26,000 Disney+ users reporting an issue, then more than 43,000 users, and ultimately more than 52,000 users reporting problems with the platform as the outage stretched on.

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Disney+ has not made a statement available regarding the cause or expected resolution timeline of the disruption, leaving frustrated subscribers with little official information as they attempted to troubleshoot the issue on their own.

Users Report Being Locked Out Across Devices

Independent outage-tracking services corroborated the scale of the disruption, with real-time monitoring tools picking up elevated error rates well above the platform’s typical baseline. User reports suggest Disney+ is likely experiencing an outage, with reports running roughly 2.4 times the normal level for the time of day and social-media chatter elevated in step, according to one outage-monitoring service that aggregates anonymous user reports and public social media posts to detect service anomalies, often before they are officially confirmed by the company itself.

Frustrated subscribers took to social media and outage-reporting platforms to describe their experiences. One user reported being unable to access their account at all, writing that they were kicked out of their Disney Plus account and that every time they attempted to log back in with their email, the platform returned an error message. Another user reported that Disney Plus would not load on either their television or their phone, indicating the disruption was affecting multiple device types rather than being isolated to a single platform or operating system.

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Subscribers also reported difficulty reaching Disney’s customer support channels for help resolving the issue, with one user noting that the company’s online chat support and phone help line both appeared to be experiencing their own technical problems amid the broader outage, while another asked pointedly whether the company would consider compensating subscribers for the service disruption.

A History of Periodic Service Interruptions

Thursday’s outage adds to a pattern of periodic disruptions that Disney+ has experienced since its 2019 launch, though the scale of user reports in this latest incident appears to rank among the more significant disruptions in recent months. Disney Plus can sometimes run into service issues that interrupt streaming, login, or app access, with several notable examples in the platform’s recent history. An outage on March 17, 2026, caused a sudden increase in user reports and lasted about one hour before the service recovered. The platform also experienced a few brief outages on November 7, 2025, with users reporting problems specifically with logging in. Separately, Disney Plus was impacted on October 20, 2025, as part of a significant outage affecting Amazon Web Services, the cloud infrastructure provider that underpins a substantial portion of the modern internet’s streaming and cloud computing services.

Looking back further, the streaming service has weathered technical turbulence dating back to its very first day of operation. When Disney Plus launched at 3 a.m. Eastern Time on a Tuesday in November 2019, the service suffered technical difficulties just hours later, as consumer demand exceeded the company’s expectations. Problems began a little before 7 a.m. that day, according to Downdetector, which received more than 8,000 reports of difficulties, mostly related to video streaming, alongside additional complaints about login problems. Those reports peaked around 9 a.m. before dwindling by early afternoon. At the time, a Disney spokeswoman said the company was working to resolve the issue after consumer demand exceeded its expectations, though the company did not disclose what specifically caused that initial launch-day disruption.

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The Scale of Disney’s Streaming Investment

The persistent nature of these periodic outages stands in contrast to the enormous financial commitment Disney has made to its streaming infrastructure over the past decade. Disney invested billions of dollars in its streaming service, beginning with the purchase of a stake in streaming technology company BAMTech in 2016, a stake the company later increased to a majority ownership position. That underlying technology has since been used to power other Disney-owned streaming products, including ESPN Plus, which launched using BAMTech’s infrastructure in 2018.

Despite that substantial technological investment, large-scale consumer streaming platforms remain vulnerable to periodic disruptions, whether stemming from internal technical failures, surges in simultaneous user demand, or external dependencies on third-party cloud infrastructure providers that host significant portions of the internet’s most popular digital services.

What Subscribers Can Do in the Meantime

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For users experiencing access problems, outage-tracking services have offered standard troubleshooting recommendations while official fixes remain pending. Suggested steps include trying to open the Disney Plus website or app from another browser, device, or network — such as a mobile hotspot — disabling any active VPN connections, clearing the device’s DNS cache, restarting a home router, or checking whether a user’s internet service provider is separately experiencing its own issues. If the platform works properly on an alternate network or device, the problem is more likely to be local to the user’s specific setup rather than part of the broader platform-wide outage being reported by tens of thousands of other subscribers.

Outage-monitoring services that track Disney Plus typically employ multiple verification checks before officially classifying the platform as experiencing a major outage, repeating failed connectivity tests from multiple randomly selected global locations to rule out false positives before confirming a genuine service disruption.

Looking Ahead

As of the most recent reporting, Disney has not issued a public statement addressing the cause of Thursday’s outage, the number of subscribers affected, or an expected timeline for full restoration of service. The company’s silence has left affected users relying primarily on crowdsourced outage-tracking platforms and social media chatter for updates, rather than official communication from Disney itself.

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Given the platform’s history of resolving previous disruptions within roughly one to three hours, subscribers experiencing login failures may see service restored within a similar window, though the substantially higher volume of user reports in this latest incident — climbing past 52,000 reports compared to far smaller figures seen in earlier 2025 and 2026 disruptions — suggests Thursday’s outage may represent a more significant technical failure than the platform’s more routine, brief service interruptions.

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Third union flags BHP strike vote

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Third union flags BHP strike vote

The Australian Workers Union has followed two other unions threatening strikes against BHP in the Pilbara, by applying for a Fair Work Commission ballot of its members.

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Northern Multi-Manager High Yield Opportunity Fund Q1 2026 Commentary (NMHYX)

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Northern Multi-Manager High Yield Opportunity Fund Q1 2026 Commentary (NMHYX)

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives.

Entrusted with $1.2 trillion in assets under management as of March 31, 2024, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes.

As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. Note: This account is not managed or monitored by Northern Trust Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Northern Trust Asset Management’s official channels.

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6 Steps to Prepare for Making Tax Digital for Income Tax

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cbils

Making Tax Digital (MTD) was first introduced by HM Revenue and Customs as part of a wider plan to modernise the UK tax system.

The rollout started with VAT in 2019, and now it’s expanding to Income Tax Self Assessment (MTD for ITSA), with key changes beginning from April 2026.

The goal behind MTD is to reduce errors, improve accuracy, and make tax reporting more efficient. HMRC estimates that billions are lost each year due to avoidable mistakes in tax returns, often caused by manual record-keeping. Moving everything into digital systems aims to fix that.

There are also practical benefits for taxpayers. Digital records make it easier to track income, manage expenses, and get a clearer view of your finances throughout the year instead of scrambling at the end.

Making your tax digital can feel confusing at first, but don’t worry, this guide will walk you through what to expect and how to prepare so you can stay on track without the stress.

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Who Needs to Follow MTD?

MTD for Income Tax applies based on how much you earn from self-employment, property, or a combination of both. The rollout is being introduced in stages, so not everyone will be required to follow the rules at the same time. What matters here is your total qualifying income, not profit, which means the threshold is based on your gross earnings before expenses.

If you earn income from renting out property, running a business, or both, you’ll need to check where you fall. Even if you’re not included in the first phase, it’s likely you’ll be brought in later as the system expands.

Start Date Who It Applies To Income Threshold (Annual Gross Income) Type of Income Included What You’ll Need To Do
April 2026 Self-employed individuals and landlords Over £50,000 Self-employment income, property rental income, or combined Keep digital records and submit quarterly updates plus a final declaration
April 2027 Self-employed individuals and landlords Over £30,000 Self-employment income, property rental income, or combined Same requirements as above
Future phase (TBC) Smaller earners Likely below £30,000 Same income types as above Expected to follow the same structure once implemented
Excluded (for now) Partnerships and limited companies N/A Business income through partnerships or companies Different reporting rules apply outside MTD for ITSA

6 Steps on How to Prepare for Making Tax Digital

Preparing for MTD is mostly about understanding the rules and setting up the right system early.

Here are six steps to help you get ready and stay compliant:

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1) Check when MTD applies to you

Start by confirming your total qualifying income. MTD for Income Tax applies to individuals earning over £50,000 from self-employment, property, or a combination of both from April 2026. This threshold is based on gross income rather than profit, which means expenses are not deducted when calculating eligibility.

From April 2027, the threshold drops to £30,000, bringing more taxpayers into scope. If your income is close to either level, preparing early gives you more time to adjust before the rules take effect.

2) Understand the new MTD rules and reporting requirements

MTD changes how you report your income to HMRC. Instead of submitting one Self Assessment return each year, you’ll need to keep digital records and send updates throughout the year.

You’ll be required to submit quarterly updates covering your income and expenses, followed by a final declaration at the end of the tax year.

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In total, this means at least five submissions annually. The quarterly updates give HMRC a running estimate of your tax position, while the final declaration confirms the full picture.

3) Use HMRC-compatible software

To comply with MTD, you’ll need software that connects directly to HMRC. This is often referred to as MTD-compatible or bridging software.

Most modern accounting platforms can automatically import bank transactions, organise expenses, and provide real-time updates on your income. This reduces the need for manual entry and helps lower the risk of mistakes.

4) Understand how quarterly reporting works

Quarterly reporting is one of the biggest changes under MTD. Instead of waiting until the end of the tax year, you’ll need to submit updates every three months.

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Each update will include a summary of your income and allowable expenses for that period. Deadlines are usually set one month after the end of each quarter. For example, if your reporting period ends in June, your submission will be due by early August.

Although these updates don’t confirm your final tax bill, they help you stay aware of your position throughout the year. This can make it easier to plan ahead and avoid unexpected costs.

5) Get ready to register for MTD

Before you can begin submitting updates, you’ll need to register for MTD through HMRC. This involves linking your accounting software to your HMRC account and making sure your records are set up correctly.

You’ll also need access to your Government Gateway account and accurate details about your income sources. Going through this process early gives you time to fix any issues before reporting becomes mandatory.

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6) Work with a professional accountant

If you want to save time and reduce the risk of errors, working with a professional can make things easier. A trusted team of Making Tax Digital accountants, like LJS Accounting Services, can help you set up your system, manage your submissions, and keep everything aligned with HMRC requirements.

They can also support you before MTD applies, helping you get organised early and prepare for the changes ahead without unnecessary stress.

What Happens If You Don’t Comply?

Failing to follow MTD rules can lead to penalties, but HMRC is moving away from instant fines and instead using a points-based system for late submissions. Each time you miss a deadline, you receive a penalty point. Once you reach a certain number of points, a £200 fine is issued.

The threshold for penalties depends on how often you’re required to submit. Since MTD involves quarterly reporting, you can build up points faster if you fall behind. After reaching the penalty limit, every additional missed submission can result in another £200 charge.

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There are also penalties for late payment of tax. HMRC may charge interest from the due date, and further penalties can apply if the delay continues. On top of that, inaccurate records or incorrect submissions can lead to additional charges, especially if HMRC considers the errors avoidable.

Beyond the financial side, non-compliance can create ongoing issues. Late or incorrect submissions can affect your tax record, trigger further checks, and make future reporting more complicated.

Staying Compliant with Making Tax Digital for Income Tax

Making Tax Digital for Income Tax is a shift in how tax reporting works, but it’s manageable once you understand what’s required. Keeping digital records, staying consistent with updates, and using the right tools all make a difference.

Preparing early gives you time to adjust before deadlines start to matter. It also helps you stay aware of your tax position throughout the year rather than dealing with everything at once.

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Taking a bit of time now to set things up properly can save you stress later. The right approach can help you stay compliant and handle MTD seamlessly.

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Fintech Funding Fuels Smoother Payments for Digital Leisure

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Emotional intelligence (EI) is way more than just knowing your emotions in and out. It's also about putting this awareness into practice to make sense of life’s day to day challenges and fully connect with others.

Many UK entrepreneurs notice how fintech payment startups are reshaping everyday spending on digital leisure.

This is allowing quicker and more reliable transfers when users seek out international options such as a non gamstop casino. These new firms focus on reducing friction in cross-border transactions, which helps people enjoy their free time without the delays once common in older systems. The result shows up in smoother access to varied entertainment choices that fit around busy work schedules. For instance, someone finishing a long shift might want to unwind with a quick online game or subscription service, and instant payments remove the old frustration of waiting for funds to clear. This shift also encourages more spontaneous decisions, as users no longer need to plan transfers days ahead.

Early Funding Rounds Shape Sector Growth

Startups in this space often begin with modest seed rounds that target practical tools for handling payments. Investors look for teams that understand both technology and consumer habits, especially those tied to leisure spending. Such backing lets young companies test features that simplify transfers for users who want seamless experiences during evenings at home. Over time, these early investments build a foundation for scaling, letting firms add support for multiple currencies and local regulations without losing speed. Entrepreneurs who secure this support can expand their offerings faster, creating options that appeal to a wide audience interested in convenient digital transactions. Studies on how capital flows into these firms reveal steady interest from venture sources keen on scalable solutions. Many backers now prioritise startups that already show traction with real users rather than just promising ideas on paper.

Patterns Behind Successful Fintech Backing

Research highlights recurring themes in what attracts money to payment innovators. Funding for fintechs: patterns and drivers points to the importance of clear user benefits and reliable infrastructure. Founders who demonstrate these elements tend to move through later rounds with greater ease, building products that support regular leisure activities without added complications. Patterns also show that teams with strong compliance knowledge attract more follow-on funding, since regulators across Europe keep tightening rules around data and security. This pattern encourages more entrants to the market, each bringing fresh ideas on how payments can blend into daily routines. UK business owners watching the space see opportunities to partner or invest where the focus remains on practical improvements rather than flashy additions. Success often comes down to listening closely to feedback from everyday users who simply want payments to work without fuss.

How Transactions Improve Daily Choices

Better payment tools change how individuals decide on evening entertainment. When transfers happen quickly and securely, people feel more confident exploring different digital leisure experiences that match their interests. The emphasis stays on convenience, letting users allocate time and money without unnecessary hurdles. In practice this might mean a parent can top up an account for a streaming service while the children finish homework, or a remote worker can join an international gaming session without worrying about currency conversion delays. Fintech and the Financing of Entrepreneurs underscores the link between targeted investment and real-world outcomes for smaller firms. These resources help payment startups refine their services, which in turn supports consumers who balance work demands with personal downtime. As more options appear, users gain greater freedom to choose experiences that genuinely match their mood rather than being limited by technical barriers.

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Inclusion Gains from New Payment Methods

Broader access to financial tools plays a key role as fintech grows. Recent World Bank research explores how modern solutions reach users who previously faced barriers. In leisure contexts, this means more people can participate in online entertainment without traditional banking limits slowing them down. For example, freelancers or gig workers who lack conventional credit histories now find it easier to open accounts and make small deposits for games or subscriptions. Entrepreneurs benefit too, as they gain insights into consumer needs across different regions. This knowledge feeds back into product development, keeping offerings relevant to those who spend leisure time on interactive digital experiences. Over the longer term, wider inclusion also reduces cash reliance, which many households prefer for budgeting reasons when they track spending on entertainment.

Practical Steps for SME Decision Makers

Business leaders considering involvement in fintech payments often start by reviewing case studies of similar ventures. They examine how these startups integrate with existing financial networks to support leisure spending habits. The goal remains steady growth that aligns with wider economic trends rather than rapid over-expansion. Leaders also compare transaction fees across services and test how well new tools handle peak times such as weekends or holiday periods when demand spikes. Clear metrics around transaction speed and reliability guide these evaluations. When startups meet those benchmarks, they create lasting value for both investors and everyday users seeking uncomplicated ways to enjoy their free time. Many decision makers now run small pilot programmes with staff before rolling out changes to customers, which helps spot any hidden friction early.

Future Directions in Payment Innovation

Ongoing development points toward even tighter integration between payment systems and leisure habits. Startups backed by thoughtful capital continue to test features that prioritise speed and security. UK entrepreneurs stay alert to these shifts, recognising how they influence consumer behaviour in the digital space. Looking ahead, voice-activated payments and deeper links with wearable devices could make transactions almost invisible during an evening’s entertainment. The focus stays on sustainable models that serve real needs, helping people make straightforward choices about how they spend evenings and weekends. This steady progress supports a growing range of options that feel natural within daily life, encouraging more households to explore digital leisure without second-guessing the payment process.

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Wall Street advances on chips and Iran deal optimism

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Wall Street advances on chips and Iran deal optimism

US stock indices have rallied, with the Nasdaq’s 1.9 per cent advance boosted by gains in semiconductor shares while inflation fears eased after the US and Iran signed a peace agreement.

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Black Rock Coffee Bar Stock: The Benefit Of Doubt As It Expands Footprint (NASDAQ:BRCB)

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Black Rock Coffee Bar Stock: The Benefit Of Doubt As It Expands Footprint (NASDAQ:BRCB)

This article was written by

With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BRCB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Positive Breakout: These 10 stocks cross above their 200 DMAs – Upside Ahead?

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Positive Breakout: These 10 stocks cross above their 200 DMAs - Upside Ahead?

In the Nifty500 pack, 10 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on June 18, 2026, according to stockedge.com‘s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:​

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Oil falls as supply starts moving through Strait of Hormuz

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Oil falls as supply starts moving through Strait of Hormuz
Oil prices fell on Friday on the prospect of more supply returning to the market after oil tankers began to move through the Strait of Hormuz following the signing of the U.S.-Iran interim peace deal.

Brent crude futures fell 54 cents, or 0.68%, to $78.31 a barrel as of 0146 GMT. U.S. West Texas ‌Intermediate crude slipped ⁠46 ⁠cents, or 0.60%, to $76.14 a barrel. The front-month July contract expires on Monday. The more actively traded August contract was at $75.06 a barrel, down 79 cents.

Both benchmarks touched their lowest since early March on Thursday as several tankers, including three Saudi-flagged vessels with 6 million barrels of crude onboard, sailed through the strait hours after U.S. President Donald Trump signed a deal with Iran to end ⁠their war.

Analysts ‌expect the deal to release more than 85 million barrels of oil stranded in the Middle East Gulf into global markets. The ⁠agreement also includes the lifting of U.S. sanctions on Iranian oil which would add more supply.

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“Traders are still waiting for hard evidence that tanker traffic through the Strait of Hormuz is actually normalising before committing to the next leg lower,” KCM Chief Market Analyst Tim Waterer said.


“Until those ships start moving consistently again, scepticism lingers and keeps a lid on the downside.”
Prior to the war, roughly one-fifth of ‌the world’s oil and liquefied natural gas transited through the strait, and analysts have suggested trade could return to normal in the coming months if the U.S.-Iran deal ⁠holds. Middle East producers are also gearing up to resume exports.

Kuwait Petroleum Corp said on Thursday that all force majeure notices issued during the war have been lifted with immediate effect.

Iraq’s Oil Minister Basim Mohammed said the country’s oilfields are ready to resume production and a return to normal output levels will take place gradually until previous production rates are restored.

However, Israel has continued its war against Hezbollah in Lebanon, raising questions about whether the U.S.-Iran peace agreement would hold.

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