Power-Plant Builder Tops Buy Point, Earning Encore As Stock Of The Day
Heavy construction company Quanta Services broke out past a buy point Tuesday. Houston-based Quanta is one of the highest-rated stocks in IBD's heavy construction industry group, which has hoisted itself into the top 40 of IBD's 197 group rankings. The company specializes in construction services for utility companies.
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USA Today
27 minutes ago
- USA Today
Podcast: Live reaction to Rockets trading for Suns star Kevin Durant
Kevin Durant, a perennial All-Star, former NBA MVP, and future Hall of Famer, will play for the Rockets. Sunday's The Lager Line podcast reacts to Houston's blockbuster trade with Phoenix. The Phoenix Suns are trading superstar forward Kevin Durant to the Houston Rockets for Jalen Green, Dillon Brooks, the No. 10 pick in the 2025 draft, and five second-round picks, ESPN's Shams Charania reported Sunday. Due to the inclusion of Green, the deal cannot be finalized until July, since it requires waiting until the young guard's elevated 2025-26 salary is on the books. A 6-foot-11 forward, Durant averaged 26.6 points (52.7% FG, 43.0% on 3-pointers), 6.0 rebounds, and 4.2 assists per game last season, and he earned All-Star honors for the 15th time in his Hall of Fame career. The former NBA Most Valuable Player (MVP) turns 37 years old in September, and his current contract runs through next season. The Rockets are coming off a 52-30 season and a No. 2 finish in the Western Conference, and their hope is that the addition of Durant will lift them into title contention next season. With that in mind, Sunday's rapid-reaction episode of The Lager Line (sponsored by Karbach Brewing and hosted by Rockets podcasters Ben DuBose and Paulo Alves) explores all of the deal's key takeaways and future implications. Tune in! More: Rockets trade for Kevin Durant in deal involving Jalen Green, Dillon Brooks, draft equity
USA Today
an hour ago
- USA Today
NBA trade reaction: Rockets, Rafael Stone praised for Kevin Durant deal
The reaction across the NBA was largely positive in the aftermath of Houston's blockbuster trade agreement to acquire Suns star Kevin Durant. The Phoenix Suns are set to trade two-time NBA Finals MVP Kevin Durant to the Houston Rockets for Jalen Green, Dillon Brooks, the No. 10 overall pick in the 2025 draft, and five second-round picks, ESPN's Shams Charania reported Sunday. Those five second-round selections include the No. 59 pick in 2025; two choices in 2026; a 2030 selection via Boston; and a 2032 pick from Houston. Because of the inclusion of Green, the deal cannot be finalized until July, since it requires waiting until his higher 2025-26 salary is on the books. A 6-foot-11 forward, Durant averaged 26.6 points (52.7% FG, 43.0% on 3-pointers), 6.0 rebounds, and 4.2 assists per game last season, and he earned All-Star honors for the 15th time in his Hall of Fame career. The former NBA Most Valuable Player (MVP) turns 37 years old in September, and his current contract runs through next season. Early indications are that he plans on extending that deal in Houston. So, for the Rockets, it's a clear upgrade to a young team that finished 52-30 last season and with the No. 2 overall seed in the Western Conference. With that in mind, the post-deal reaction from NBA media and fans was largely positive. Here's a sampling of what we saw on social media, with plenty of praise for Rockets general manager Rafael Stone. Rafael Stone, Elite Negotiator? Kevin Durant's Houston Connections Suns Criticized for Deal Rockets' Ticket Sales to Spike? More Houston Trades Still Possible Magic Johnson, Stephen A. Smith Impressed 2025-26 Rockets: Scary Good? Projected Starting Lineup for Rockets Kevin Durant's Winning Impact Stephen A. Smith Wants Russell Westbrook in Houston Dillon Brooks to Phoenix Rockets Legend Vernon Maxwell Predicts 2026 NBA Finals More: Rockets trade for Kevin Durant in deal involving Jalen Green, Dillon Brooks, draft equity
Business Insider
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Upcoming Stock Splits This Week (June 23 to June 27)
These are the upcoming stock splits for the week of June 23 to June 27, based on TipRanks' Stock Splits Calendar. A stock split takes place when a company increases its number of outstanding shares by issuing more to existing shareholders, effectively reducing the price per share without altering the firm's overall market capitalization. While the underlying value remains the same, the lower share price makes the stock more accessible to everyday investors and may help boost market interest. Confident Investing Starts Here: Meanwhile, a reverse stock split does the opposite, shrinking the share count by consolidating existing shares into fewer units. This pushes the stock price higher while keeping the total valuation the same. It's a common move for companies trying to meet exchange listing requirements, especially if their share price is flirting with minimum thresholds like those set by the Nasdaq. Whether it's about attracting more investors or holding onto a listing, these corporate actions can offer valuable clues about a company's strategy and where it sees itself heading next. Let's take a look at the upcoming stock splits for the week. Pegasystems (PEGA) – Pegasystems is a leading provider of enterprise AI-powered decisioning and workflow automation software. On June 17, the company announced a 2-for-1 forward stock split, aimed at improving share accessibility for retail investors. PEGA stock is expected to begin trading on a split-adjusted basis on June 23. TruGolf Holdings (TRUG) – Specializing in high-end golf simulator technology, TruGolf aims to bring the driving range indoors. On June 18, the company announced a 1-for-50 reverse stock split to help maintain compliance with Nasdaq's listing requirements. The split is set to take effect on June 23. Maase (MAAS) – China-based Maase, a digital platform company, is switching from trading American Depositary Shares (ADSs) to listing its regular shares directly on the Nasdaq. To prepare for this transition, the company announced a 1-for-90 reverse stock split on June 18, meaning every 90 ADSs will be converted into one regular share. The split takes effect when the market opens on June 23, 2025. Super League Enterprise (SLE) – Super League builds immersive experiences across gaming and metaverse platforms. On June 18, the company announced a 1-for-40 reverse stock split, designed to boost the share price and extend its Nasdaq listing runway. The stock will begin trading on a split-adjusted basis on June 23. KULR Technology Group (KULR) – Focused on thermal management and battery safety for aerospace and EV markets, KULR announced a 1-for-8 reverse stock split on June 13 to regain compliance with Nasdaq's minimum bid price rule. The stock will begin trading on a split-adjusted basis on June 23. Stem, Inc. (STEM) – Leveraging AI to boost grid-scale energy efficiency, Stem announced a 1-for-20 reverse stock split on June 11 to comply with the NYSE's minimum bid price requirement. The stock will begin trading on a split-adjusted basis on June 23. Cellectar Biosciences (CLRB) – Cellectar is a clinical-stage biotech developing phospholipid drug conjugates for targeted cancer treatment. On June 18, the company announced a 1-for-30 reverse stock split, following shareholder approval the prior week. The move is aimed at regaining compliance with Nasdaq's minimum bid price requirement. The split is slated to go into effect on June 24. Jiade Limited (JDZG) – China-based Jiade Limited, which focuses on adult education and logistics services, announced on June 20 that it would implement a 1-for-8 reverse stock split, effective June 24, consolidating its shares and updating its CUSIP to regain compliance with Nasdaq's minimum bid price requirement.
