Latest news with #Englander
Yahoo
09-06-2025
- Business
- Yahoo
Do Billionaires Ken Griffin and Izzy Englander Know Something About Palantir That Wall Street Doesn't?
Griffin's and Englander's hedge funds bought Palantir shares hand over fist in Q1. However, many Wall Street analysts aren't so bullish about the stock -- mainly because of valuation concerns. The two billionaires' options strategies might align them more closely with the consensus Wall Street take on Palantir than meets the eye. 10 stocks we like better than Palantir Technologies › Only one S&P 500 stock has outperformed Palantir Technologies (NASDAQ: PLTR) so far this year. But it's a pretty close contest. NRG Energy's shares have soared around 76% year to date, while Palantir's gain lags by only a few percentage points. Despite Palantir's tremendous momentum, many analysts aren't upbeat about the stock's near-term prospects. But do billionaires Ken Griffin and Izzy Englander know something about Palantir that Wall Street doesn't? At the end of 2024, Griffin's Citadel Advisors owned 441,755 shares of Palantir. In the first quarter of 2025, the hedge fund more than tripled its position in the artificial intelligence (AI) software provider. Englander is arguably even more enthusiastic about Palantir. In the first quarter, his Millennium Management hedge fund more than quadrupled its stake to 1,312,758 shares. Both successful investors also employed options strategies with the stock. Griffin's and Englander's hedge funds held both call and put options for Palantir at the end of the first quarter. While these two billionaires are indisputably buying Palantir Technologies shares hand over fist, the stock doesn't make up a large percentage of their portfolios. That's not surprising, though, considering that Griffin's Citadel Advisors has more than 5,800 holdings, while Englander's Millennium Management has more than 3,900 holdings. Wall Street doesn't seem to share Griffin's and Englander's optimism about Palantir. The consensus 12-month price target for the stock among analysts surveyed by LSEG is roughly 22% below the current share price. Only one of the 25 analysts polled by LSEG in June rated Palantir as a "strong buy." Another three analysts recommended buying the stock. However, seven analysts viewed Palantir as an "underperform" or advised investors to sell. Fifteen analysts recommended holding the stock. Why isn't Wall Street as enthusiastic about Palantir as the two billionaire hedge fund managers seem to be? Probably the biggest objection for analysts is valuation. Palantir's shares trade at nearly 244 times forward earnings. I'd say that was a nosebleed forward multiple, but that might not be a strong enough description. Most analysts don't seem to think Palantir's growth prospects justify this sky-high valuation, either. The software company's price-to-earnings-to-growth (PEG) ratio based on analysts' five-year earnings growth projections is 4.22. PEG ratios generally need to be below 1.0 for a stock to be considered attractively valued. Maybe Griffin and Englander do know something about Palantir that most analysts on Wall Street don't. Perhaps the billionaire investors expect much stronger growth from the company than analysts forecast. Maybe they agree with Wedbush's Dan Ives, who predicts that Palantir's market cap will more than triple to $1 trillion over the next two to three years. I suspect, though, that the more bearish opinion held by Jefferies analyst Brent Thill is a better take. Thill noted on CNBC's Closing Bell Overtime show a few weeks ago that no tech stock has ever been able to sustain a super-high multiple like Palantir's. Like Thill, I don't question the strength of Palantir's underlying business. The company makes great software. It should have strong growth prospects. Palantir might even enjoy a bonanza if President Donald Trump's Golden Dome missile defense system is funded by Congress and the company wins a lucrative contract to help build it. But this growth still doesn't seem to be enough to justify Palantir's valuation, in my view. I also wonder whether Griffin and Englander are really as bullish about Palantir as their recent buying indicates. We don't know the detailed information about the option trades they've made. It's possible that those options significantly hedge their positions in Palantir. After all, hedging is what hedge funds do. Maybe, just maybe, Griffin and Englander are more closely aligned with the consensus Wall Street view of Palantir than meets the eye. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Do Billionaires Ken Griffin and Izzy Englander Know Something About Palantir That Wall Street Doesn't? was originally published by The Motley Fool 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
Yahoo
03-06-2025
- General
- Yahoo
Jewish Federation of Sarasota-Manatee works with police to enhance safety in wake of Colorado attack
SARASOTA, Fla. (WFLA) — Following the attack in Boulder, Colorado, that left 12 people hurt this weekend, the CEO of the Jewish Federation of Sarasota-Manatee, Shepard Englander, said the local Jewish community is 'heartbroken and outraged.' 'This was a targeted terror attack against people because of what they believe,' Englander said. 'America was founded so that we would have a place where people can believe whatever they believe and not be harassed and killed. This was not just an attack on Jews. This was an attack on America and what it stands for.' FBI says 8 injured in Colorado attack by man with makeshift flamethrower who yelled 'Free Palestine' Safety is a concern among those in the Jewish community locally, and the Federation is working with local law enforcement to ensure the community stays safe. 'We have had to invest more than we ever wanted to in security professionals and we are so grateful to have some of the best,' Englander said. 'We would rather be spending the money helping people, connecting people in programs, but now we are going to have to even spend more which is not what any of us want, but it is absolutely necessary because everyone needs to be safe and not afraid to come out and be part of a community and celebrate their traditions.' Englander spoke with local law enforcement Monday about safety moving forward. The sheriff's office said Hoffman was briefed on the incident in Colorado and, as a result, requested extra patrols near local synagogues and the Jewish Federation. 'Our intelligence unit is monitoring for anything suspicious that might possibly be related to or inspired by the Boulder incident,' a sheriff's office spokesperson wrote. 'The sheriff says the main reason for these meetings is to share information and communicate so that we are being proactive to prevent an incident in our community. We will continue monitoring closely.' During a stop in Sarasota Monday morning, 8 On Your Side asked Governor Ron DeSantis about the state's response. He described antisemitism as a 'huge problem' across the country and called the recent attacks 'sick.' 'We will continue to respond the way that we always responded,' DeSantis said. 'This type of stuff will not fly in Florida, and we will do what we can obviously to prevent, and certainly if anybody makes the mistake of doing what this guy in Colorado … you will absolutely live to regret that.' Englander spoke briefly with Gov. DeSantis during his stop in Sarasota. 'I thanked him for his support and he said 'let us know what you need,'' Englander said. 'America is a place where the Jewish people have had such friendship and support; being reminded of it brings tears to my eyes.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Recorder
31-05-2025
- Business
- Business Recorder
Dollar mixed on tariff uncertainty
NEW YORK: The dollar was mixed on Friday but on track for a monthly gain against the Japanese yen as investors factored in the likelihood of trade tariffs remaining in some form, even as US President Donald Trump faces a court battle over his authority to impose them. A federal appeals court temporarily reinstated the most sweeping of Trump's tariffs on Thursday, a day after a US trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. While the exact level of tariffs that will remain on trading partners is unknown, traders are expecting the levies to persist in some form. 'We're going to have some tariffing. Maybe not as exciting as was announced on April the 2nd, but we're still going to get it,' said Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered Bank's NY Branch. 'The one thing that the court ruling may have done is limited the amount of shocks that Trump can unleash with a headline or with a comment at a press conference,' Englander said. White House trade adviser Peter Navarro said on Thursday that the Trump administration will seek to enact tariffs through other means if it ultimately loses the court fights over its trade policy. Investors are concerned that tariffs will slow growth and reignite inflation, though deals to drop tariff increases on China and the European Union as they negotiate trading terms has reduced pessimism over the US economic outlook. The dollar briefly bounced on Friday after Trump said that China had violated an agreement on tariffs with the United States. It comes a day after Treasury Secretary Scott Bessent said that trade talks between the US and China were 'a bit stalled.' Tariffs are also seen as a key source of revenue as Congress works on a bill to reduce some income taxes. Meanwhile the dollar showed little reaction to data on Friday showed that US consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed, while inflation eased during the month. A separate report showed that the US trade deficit in goods narrowed sharply in April as the boost from the front-running of imports ahead of tariffs faded. 'Nothing in the data was such a clear surprise relative to expectations that would generate a definitive market move,' said Englander. May's jobs report due for release next Friday will next be closely watched for any indications that the labor market is weakening, after data on Thursday showed a bigger than expected jump in jobless claims in the latest week. The euro was last down 0.47% at $1.1317. It is on pace for a 0.05% monthly loss, the first red month since December. German inflation eased further in May, bringing it closer to the European Central Bank's 2% target and bolstering the case for an interest rate cut next week. The dollar weakened 0.14% to 143.99 Japanese yen. The greenback is on track for a monthly increase of 0.7% against the Japanese currency, the best performance since December, following four consecutive months of losses.
The Herald Scotland
13-05-2025
- Politics
- The Herald Scotland
I'm grateful to the SNP when I recall the harm Tories and Labour did
But I also know that if I wait until after 9am I will get through within a few minutes. If I am seriously worried and don't want to wait three or four weeks, I will be offered triage by a qualified nurse or a telephone consultation with a doctor, usually on the same day. As a last resort, I will be told to attend the surgery after 11am, but that I will probably have to wait a while. None of this is perfect, of course, but given the state that Scotland has been left in after my lifetime of Jim Callaghan's Labour, Thatcherism, Blair/Brown light-touch financial regulation, and 14 years of Tory austerity, I am glad that I have the SNP Government doing its best to protect me from the likes of Nigel Farage, Reform, Scottish Labour and the hapless Tories. John Jamieson, Ayr. The Brexit deficit When I first read Ian Lakin's letter (May 10) I thought it was a UK Government press release but then I realised he was being serious. Evidently the SNP are "narrow nationalists" for wanting Scotland to rejoin the EU (some contorted logic there) while Mr Lakin is apparently oblivious to the fact that Brexit was brought about by narrow nationalism of the "little Englander" variety. Basically, people were conned during the EU referendum campaign by a mixture of blatant lies, sophistry and subterfuge (remember the Leave assertion that departing the EU would mean an extra £350 million per week for the NHS?). The Independent published an article in March which revealed that Brexit was costing UK business more than £3 billion per month. If Mr Lakin believes the agreements he refers to in his letter will offset this then all I can say in response is dream on. Alan Woodcock, Dundee. Read more letters Indy is the way forward My mother was a repository of wonderful clichés; I was reminded of one, the oft-cited "if wishes were horses then beggars would ride", when reading Robert IG Scott's letter (May 12). Contrary to all evidence he predicts the return of a Labour/Liberal return to power at Holyrood. Surely he will acknowledge that the Starmer/Reeves Axis of Callousness, in dismantling winter fuel payments, ghosting the Waspi women, signalling their utter tone-deafness in relation to people with disabilities and prattling on about "working" people hasn't exactly made their local branch representatives very popular. I don't know what my mother would have said if confronted with such an obvious disconnect with reality. The Scottish people are canny and many of them have already figured out that the way out of this morass is to ensure there is an overwhelming independence vote on the list to provide the backbone required to release us at last from what Alex Salmond once called "the yoke of mediocrity". Marjorie Thompson, Edinburgh. • When faced with explaining 19 years of party failures on the election doorsteps the clever people in the SNP have come up with a campaign novelty to divert the subject: independence ("Indy will be 'central' to SNP 2026 election campaigning", The Herald, May 12). This has been done, lost and subsequently endlessly reborn before. Mr Swinney wants a 60% to 70% vote in favour this time, which sounds like a de facto referendum but in an even less doable form. If a referendum is really needed what about asking the public if they still want to retain Holyrood at all given its very questionable track record? Does this recycling of the independence tactic not demonstrate an underlying sheer desperation to hang on to power? Dr Gerald Edwards, Glasgow. Backlash to Trump's tariffs 'Squeeze til the pips squeak' – first quoted by Sir Eric Campbell Geddes, First Lord of the Admiralty re German reparations at the end of the First World War – has come to mean the exertion of maximum pressure to extract maximum compliance: something President Trump has so far failed to inflict on Vladimir Putin but has been happy to do to the global trading system courtesy of his tariff policy. And 'pips' have indeed been squeaking. In a brash and somewhat vulgar post-Liberation Day statement, the US President informed the world that they are all calling up and 'kissing my ass'. (The 'they' in this instance being the countries affected by blanket tariffs of 10%, with the threat of more and higher to come.) The UK squeaked quietly and politely and has come away, not with a comprehensive trade deal, but a memorandum of understanding on tariffs with headings on automotive, steel, aluminium and beef etc – with serious work still to be done. Effectively we received a slap on the wrists rather than a full-blown Glasgow kiss for being an economy that's a little too 'closed' according to President Trump. More significantly, perhaps, the 'pips' of US big business are now squeaking louder in opposition. Apple, Tesla and Boeing, for example, each employ between 140k-170k people and anywhere between 30k70k of these are employed in overseas subsidiaries: these are flagship firms at the heart of key global value chains. Like it or not, US Inc remains integral to, and therefore dependent on, a global trading system created in its own image in the post-war period. This represents a massive, fixed investment (and legacy) that cannot be changed overnight by a tariff policy designed by a property developer and economically illiterate White House sycophants. This is one of the reasons why Trump tariffs, if they stay, will go down as one of the biggest acts of economic self-harm in history. Ewen Peters, Newton Mearns. The English royal family I note with interest Mark Smith's column ("Not My Scotland: anti-royal protesters have got it wrong", The Herald, May 12). The royal family are all born in England, live in England and their titles and ceremonies are reflective only of English history. Scotland plays no role at all in this: the coronation is an Anglican service in continuity with coronations preceding the Union of 1707, the regnal number is reflective of England's monarchy and while the heir to the throne could, if he wanted, use his title of 'Prince of Scotland', he only ever uses the title reflective of an English narrative (and conquest) of 'Prince of Wales'. Monarchs require simple, uncritical, loyalist followers to maintain their position; people who don't mind them pleading poverty ('oh, the polo ponies'!) while being extremely wealthy, with property in many countries, and as the Panama Papers showed, hiding wealth abroad in tax havens where the taxman cannot get them (though they don't pay much tax anyway). GR Weir, Ochiltree. Prince William is also the Prince and Grand Steward of Scotland (Image: PA) The voice of religion The 2025 Church of Scotland General Assembly, which opens on Saturday (May 17), presents the Kirk with an opportunity to reflect upon the fact that according to Unicef (the United Nations agency responsible for providing humanitarian and developmental aid to children worldwide) there were two million (in October 2024) severely malnourished children globally at risk of death due to funding shortages for therapeutic food. With both Donald Trump and Keir Starmer cutting foreign aid that situation can only deteriorate. In that context the Assembly cannot forget its obligation to speak truth to power in both Westminster and the White House, not forgetting in the Israeli Knesset which is responsible for the suffering and death of so many innocents in Gaza. The Irish Times suggests that 'the siege has prompted a whole new level of suffering'. This particular human catastrophe defies comprehension. I, from my Presbyterian perspective, was impressed by Kevin McKenna's recent article ('How new Pope and Catholic Church have mesmerised our Godless societies', The Herald, May 10). The General Assembly must recognise the wave of hope amongst impoverished populations generated by Pope Francis, by the appointment of Pope Leo XIV and by the words of Professor Jim Conroy of Glasgow University in the aforementioned article: 'We're living through the most extraordinary attack on what it means to be a human being' but 'the power of the Gospel can counteract this'. It is good to see the voice of religion speaking out when politicians are failing miserably. John Milne, Uddingston.
The National
13-05-2025
- Politics
- The National
Anas Sarwar stays silent as UK Labour undermine him on immigration
The SNP have written to group leader Anas Sarwar urging him to speak out after Prime Minister Keir Starmer said it was 'common sense' that people living in the UK should speak English and claimed the country risked 'becoming an island of strangers'. The Labour Government further laid out plans to end visas for care workers, make migrants wait 10 years rather than five to apply for settlement or citizenship, and close the legal route for asylum used by a Palestinian family in the UK earlier in 2025. Labour MP Nadia Whittome was among the voices to criticise Starmer's rhetoric and policies, calling them 'shameful and dangerous'. READ MORE: 'Little Englander': Keir Starmer provokes fury over 'speak English' post She went on: 'Blaming migrants for a housing crisis and failing public services lets the real culprits off the hook: landlordism, chronic underinvestment, and deepening inequality. 'Labour was elected to tackle those, not parrot Reform's scapegoating, which will never improve people's lives.' Her fellow Labour MP Sarah Owen issued a similar warning, saying: 'The best way to avoid becoming an 'island of strangers' is investing in communities to thrive – not pitting people against each other. 'I've said it before and will say it again: Chasing the tail of the right risks taking our country down a very dark path.' Prime Minister Keir StarmerFurther condemnation of the Labour Government was widespread, with trade union GMB calling the plans 'deeply damaging – potentially catastrophic', and Scottish Care chief executive Donald Macaskill telling The National that Starmer had been echoing the racist 20th-century politician Enoch Powell 'at his worst'. However, Scottish Labour have remained silent, failing to respond to multiple requests for comment from The National. Scottish Labour leader Sarwar had previously spoken in support of immigration, especially into the social care sector. In a clip on the BBC Sunday Show which was widely shared online after news broke of Labour's plans to end visas for the sector, Sarwar said: "We need migration around the health and social care system, of course we do.' Anas Sarwar, June 2024 "We need migration around the health and social care system, of course we do." — MSM Monitor (@msm_monitor) May 11, 2025 In a separate interview with the BBC Sunday Show the following month, July 2024, Sarwar said Scotland could have a 'bespoke' visa arrangement within the UK to help ease pressures in key sectors. SNP MP Seamus Logan, his party's health and social care spokesperson at Westminster, has written to Sarwar urging him to 'finally grow a backbone' and stick to his word. Logan highlighted a now-infamous claim from the Labour MSP that he would 'stand up for Scotland' to Starmer, something which opponents say he has failed to do even as Welsh Labour's leader Eluned Morgan makes headlines with her criticism of the Prime Minister. The SNP MP wrote: "The Labour Government's wider migration plans are a shameless attempt to mimic Nigel Farage, and they will damage key industries, public services and universities across Scotland – harming economic growth and leaving us all worse off as a result. READ MORE: Ian Murray's 'Farage is smiling' claim back to haunt him over Labour visa plans "During the UK General Election, you promised voters in Scotland that you would 'stand up to Keir Starmer' and press for a migration system that worked for Scotland. You said 'we need migration around our health and social care system' and claimed, if elected, the Labour Party would be open to introducing a Scottish visa, which you said was 'common sense'. "However, since the election, you have failed to stand up to Keir Starmer once. 'Instead, you have rolled over and defended every damaging decision, including the Labour Government's winter fuel and disability cuts, the decision to block compensation for Waspi women and the political choice to keep punitive Tory welfare policies, including the bedroom tax and two-child benefit cap, which are pushing thousands of Scottish children into poverty. "I urge you to finally grow a backbone and join the opposition to Keir Starmer's damaging migration plans, which are an attack on Scotland's NHS and our economy. "You cannot credibly claim to be on the side of the NHS if you fail to stand up to Keir Starmer over his harmful plans to cut Scotland's NHS and social care workforce. "Moreover, these plans are an attack on Scotland's values and our national interest. I urge you to put Scotland's interests first and speak out against Keir Starmer's plans, before it is too late.' As reported above, Scottish Labour did not respond to a request for comment.
