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☆ Space stocks saw big gains this week in part due to 'Trump-Elon trade' rally, analysts say
▼ + stars: | 2024-11-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a "Trump-Elon trade," a nod to the relationship between President-elect Donald Trump and SpaceX CEO Elon Musk. Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%. But there's a broader market sentiment that's driving these stocks too, said Cantor Fitzgerald analyst Andres Sheppard, who has buy ratings on Rocket Lab, Redwire and Intuitive Machines. "I think there's definitely a risk-on, post-Trump-win rally that's being reflected in this industry," Sheppard told CNBC. Back out even further to take a year-to-date perspective, and this week's top-performing space stocks have broken out of a post-SPAC malaise to triple or even quadruple in 2024.

Persons: Donald Trump, Elon Musk, Andrew Chanin, Cantor Fitzgerald, Andres Sheppard, Sheppard, inbounds, We're Organizations: Trump, Elon, SpaceX, CNBC, Planet Labs Locations: U.S

☆ Nvidia stock can climb for the next 12 months, S&P Global analyst says
▼ + stars: | 2024-09-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Nvidia's stock rally has another 12-18 months left to go, according to S&P Global's Andrew Chang. The stock has at least another year of "strong runaway" amid big demand for its chips, Chang said. His comments bolster predictions of continued upside for Nvidia, Chang said in an interview with Schwab Network on Friday. "It just confirms our view that we have strong runway for at least the next 12 months," Chang said. Nvidia stock sold off in the weeks following its earnings report at the end of August, but the stock staged a fresh rally this week alongside other tech stalwarts including Oracle and Super Micro Computer.

Persons: Andrew Chang, Chang, —, Jensen Huang, Goldman Sachs, Blackwell Organizations: Service, Nvidia, Goldman, Schwab Network, Oracle, Apple, Microsoft, Department of Justice, Bloomberg, Micro Computer, Nasdaq Locations: San Francisco

☆ Archer Aviation's Adam Goldstein and United Airlines Venture's Andrew Chang talk air taxi progress
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArcher Aviation's Adam Goldstein and United Airlines Venture's Andrew Chang talk air taxi progressAdam Goldstein, Archer Aviation co-CEO & co-founder and Andrew Chang, United Airlines Ventures managing director, join CNBC's Phil LeBeau and 'Closing Bell Overtime' to talk getting another step closer to commercial air taxi.

Persons: Archer Aviation's Adam Goldstein, Andrew Chang, Adam Goldstein, Archer, Phil LeBeau Organizations: United Airlines, Archer Aviation, United Airlines Ventures

☆ Electric air taxi maker Archer Aviation gets key FAA sign-off
▼ + stars: | 2024-06-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, on Aug. 2, 2023. The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday. United is working with Archer on what it would look like to enter the electric aircraft into service. Archer has partnered with automaker Stellantis to produce hundreds of the electric air taxis. On Tuesday, Joby said it plans to acquire the autonomy division of autonomous aviation company Xwing.

Persons: Archer, Adam Goldstein, Goldstein, couldn't, Andrew Chang, Joby Organizations: Archer Aviation, Salinas Municipal Airport, Federal Aviation Administration, United Airlines, CNBC, FAA, Joby Aviation, U.S . Air Force, Delta Air Lines Locations: Salinas, Salinas , California, Manhattan, Newark , New Jersey

☆ Intuitive Machines stock jumps 16% after company says moon mission is in 'excellent health'
▼ + stars: | 2024-02-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Intuitive Machines' Nova-C lander "Odysseus" deploys from the upper stage of SpaceX's Falcon 9 rocket to begin the IM-1 mission. Shares of Intuitive Machines jumped for a second consecutive day after the company issued an update that said its moon lander mission "is in excellent health." The Texas-based lunar company launched its inaugural cargo mission, known as IM-1, on a SpaceX rocket early Thursday morning. Intuitive Machines' stock jumped as much as 30% in early trading Friday before paring gains to trade up about 16% from its previous close of $6.70 a share. Since IM-1 launched, Intuitive Machines' stock is up 75% as of Friday's trading high.

Persons: Andrew Chanin, that's, Chanin Organizations: SpaceX, CNBC, NASA Locations: Texas

Owen Chow Ka-shing, one of the 47 pro-democracy activists charged with conspiracy to commit subversion under the national security law, arrives at West Kowloon Magistrates' Courts building, in Hong Kong, China November 29, 2021. On the first day of closing submissions, one of the handpicked national security judges, Andrew Chan, said a verdict would "tentatively" come in three to four months, with 10 days set aside for closing submissions. Beijing says the national security law brought stability to the city after monthslong pro-democracy protests in 2019. "Communication with the public is much easier, (it's) easy to manipulate those means in order to endanger national security," he added. Thirty-one of the 47 charged have pleaded guilty - which could qualify them for reduced sentences.

Persons: Owen Chow Ka, Lam, Andrew Chan, Hong, Jonathan Man, Man, Gwyneth Ho, Owen Chow, Gordon Ng, Leung Kwok, Helena Wong, Benny Tai, Joshua Wong, Gerry Doyle Organizations: REUTERS, Hong, Thomson Locations: Kowloon, Hong Kong, China, HONG KONG, United States, Beijing

☆ These little-known stocks can see an uptick in demand when hurricanes strike
▼ + stars: | 2023-09-15 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

But behind the scenes, there are a host of companies that benefit from the cleanup and rebuilding that follows natural disasters. This year's Atlantic hurricane season is running above average compared to prior years, with 14 storms, four hurricanes and three major hurricanes so far. As climate change feeds extreme weather, the number of billion-dollar disasters also increases, benefiting some companies and hurting others. In 2022, the U.S. experienced 18 weather and climate disasters which cost at least $1 billion each. The fluid engineering and chemical processing has gained 30% this year, has a median rating of overweight and a price target implying 10% further upside, according to FactSet.

Persons: Hurricane Lee, Andrew Chanin, Sterling, Chanin, FactSet . Organizations: Hurricane, Sterling Infrastructure, SNC, Lavalin, Morningstar, Bloomberg, Sulzer, Citigroup, Supply, Holdings Locations: New England, Canada, U.S, Houston, Canadian, United States, Swiss, FactSet . Great

☆ The power grid needs repairs. These companies stand to benefit
▼ + stars: | 2023-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

A budding ecosystem of companies stand to gain as businesses and policymakers grow increasingly focused on improving the electric grid. President Joe Biden committed $95 million to shore up Hawaii's electric grid following the tragedy. Beyond that, Kalton said it's also just good business sense: Utility companies don't want their grids to go down and leave unhappy customers without power. And he said utility companies can grow earnings power by spending capital and increasing their base rate. An ecosystem of companies Beyond physically changing the grid, some companies are making progress elsewhere, said Chanin, whose ETF is up about 18% this year.

Persons: Neil Kalton, Joe Biden, It's, —, Said, Kalton, it's, Steven Fisher, doesn't, Fisher, Andrew Chanin, Chanin, Eaton, Michael Bloom Organizations: NBC News, Electric, UBS, Primoris Services, LSEG, Nvidia Locations: Maui, U.S, Wells Fargo, California , Colorado, Oregon, California, Florida, Texas

☆ Investing in Space: Rocket Lab stock leads the sector in year-to-date gains
▼ + stars: | 2023-08-03 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Rocket Lab is up 85% so far this year, closing back in on its $10 a share starting point two years ago, while Redwire is close behind, up 78%. Rocket Lab is the index's No. Chanin noted that with many of these space stocks having debuted at $10 a share they're largely still trying to get back to where they started. Rocket Lab has a healthy lead but we'll see who ends up on top come the end of the year – with the market watching closely for continued execution.

Persons: CNBC's Michael Sheetz, Redwire, it's, Andrew Chanin, –, Stocks, Chanin Organizations: Rocket Lab Locations: ProcureAM

☆ Hopefully Virgin launch will be a shot in the arm for space tourism industry: Fmr. NASA astronaut
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHopefully Virgin launch will be a shot in the arm for space tourism industry: Fmr. NASA astronautLeroy Chiao, former NASA astronaut, and Andrew Chanin, Procure Holdings CEO, join 'Last Call' to discuss Virgin Galactic's first commercial space flight, the future of space tourism, and where to invest in the industry.

Persons: Leroy Chiao, Andrew Chanin Organizations: NASA, Virgin

HONG KONG, Feb 6 (Reuters) - Sixteen Hong Kong pro-democracy figures face trial on Monday, more than two years after their arrest, in what some observers say is a landmark case for the city's judicial independence under a national security law imposed by Beijing. Thirteen of those arrested were granted bail in 2021, while the other 34 - including 10 who pleaded not guilty - have been in pre-trial custody on national security grounds. Western governments have criticised the 2020 national security law as a tool to crush dissent in the former British colony. The 31 who pleaded guilty, including former law professor Benny Tai and activist Joshua Wong, will be sentenced after the trial. The case will be heard by three High Court judges designated under the national security law: Andrew Chan, Alex Lee and Johnny Chan.

☆ These 15 people are shaping the office of the future, designing meeting pods, hologram calls, and buildings that actually make workers healthier
▼ + stars: | 2022-10-24 | by ( Robert Davis | ) www.businessinsider.com time to read: +27 min

These 15 power players are just a handful of the people designing workplaces to balance productivity, interaction, and employee well-being through indoor-air-quality monitoring systems, building amenities, holographic meeting spaces, and more. AftershipCities like Austin, Texas; Nashville, Tennessee; and Raleigh, North Carolina, began offering business-relocation incentives during the pandemic to boost their workforces and help increase occupancy in office buildings. Room's office suite includes a phone booth, a meeting room, an open meeting room, and a focus room. Room also makes a soundproof meeting room that fits two people, a more open meeting booth, and a focus room designed for quiet concentration. "The future of office work needs to be guided by a new, genuine form of flexibility in which the work, not the workers themselves, become even more malleable," Petersen writes.

☆ Self-exiled Hong Kong democrat sentenced to 3 1/2 years in jail in absentia
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Sept 29 (Reuters) - A court in Hong Kong on Thursday sentenced a pro-democracy activist and former lawmaker, Ted Hui, to 3 1/2 years in jail for "criminal contempt" after he failed to show up for trial in several criminal cases. Hui, 40, fled Hong Kong in December 2020, several months after China imposed a sweeping national security law punishing offences like subversion and foreign collusion with possible life imprisonment. "After the National Security Law came into effect in Hong Kong, the courts in Hong Kong have been reduced to become courts of the (Chinese) Communist Party. Political trials, and sentencing against dissent has become the norm in Hong Kong," Hui wrote. Hong Kong and Chinese authorities say the national security law has restored stability to Hong Kong after mass pro-democracy protests in 2019, and that the judiciary remains independent.

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