3 Stocks to Play the ‘Nuclear Renaissance’
1 hr 8 min ago
The world is having a “nuclear renaissance,” according to Morgan Stanley, and the opportunity for investors is ample.
The pace of nuclear capacity expansion has only increased since last year, according to the firm’s analysts. Morgan Stanley now expects investment in nuclear energy to total $2.2 trillion through 2050, up from last year’s forecast of $1.5 trillion.
Morgan Stanley divides nuclear-exposed stocks into three categories: power generators, uranium miners, and equipment and plant providers. The firm’s three favorite U.S. stocks to play the nuclear theme all fall into the first category: Talen Energy (TLN), Public Service Enterprise Group (PEG), and Vistra (VST).
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“The dual imperatives of decarbonization and energy security, combined with a gradual decline in investor exclusions and more favorable financing conditions, are making the nuclear renaissance a truly global investment theme,” wrote Morgan Stanley analysts on Tuesday.
President Donald Trump has made energy security a central theme of his second term. In May, Trump set the goal of growing America’s nuclear energy capacity to 400 gigawatts in 2050 from about 100GW today. The president signed several executive orders aiming to expedite the expansion and construction of U.S. nuclear capacity.
Investors around the world have become more open to nuclear energy. As of December 2024, Morgan Stanley wrote, 2.3% of global [assets under management] were subject to an exclusion policy regarding nuclear power—less than for alcohol, military contracting or gambling.
And The World Bank recently lifted its ban on financing nuclear power projects, which the firm said could set the stage for other international lenders to follow.
Read the full article here.
Bullish More Than Doubles After IPO
1 hr 53 min ago
Shares of Bullish (BLSH), a crypto exchange backed by billionaire venture capitalist Peter Thiel, soared in their debut on the New York Stock Exchange Wednesday.
The stock recently traded hands around $92, nearly 150% above its initial public offering price of $37 per share, which topped its projected range of $32 to $33 that had been scaled up from $28 to $31 previously.
Bullish sold 30 million shares in the offering, raising about $1.1 billion in proceeds. Its gains would give it a market capitalization close to $15 billion, based on the number of shares outstanding listed in a regulatory filing.
The crypto exchange and owner of the CoinDesk crypto media site reported its trading volume grew 78% year-over-year in the first quarter, with an average daily volume of $2.55 billion, according to its prospectus filing.
Bullish’s launch comes after a series of strong crypto IPOs this year, pointing to improving appetite for new listings while major cryptocurrencies have climbed in value amid optimism about a more crypto-friendly regulatory environment. The price of Bitcoin and Ether traded near record highs Wednesday.
Recent IPO Stock Gains Could Boost Upcoming Debuts
3 hr 22 min ago
Pent-up demand for initial public offerings is helping 2025’s newest stocks shine.
The median first-day performance of US IPOs that raised at least $100 million was about 19% so far this year. That’s the highest since 2020’s median of 33%, according to Renaissance Capital, a provider of pre-IPO research and related ETFs. The firm’s index of larger new listings that have been public for less than three years, tracked by the US IPO ETF (IPO), was up 12% through Friday’s close, ahead of the S&P 500’s 8.6% gain.
Firefly Aerospace (FLY), WhiteFiber (WYFI), and HeartFlow (HTFL), all of which priced last week, were included in those figures.
Hot first-day performance can effect subsequent deals in what University of Florida business professor Jay Ritter calls a “spillover” effect. Companies waiting in the wings to go public could bask in the afterglow of NewsMax (NMAX), FatPipe (FATN), Circle Internet Group (CRCL), AIRO Group Holdings (AIRO) and Figma (FIG), all of which at least doubled their IPO prices, over their respective trading debuts.
More IPOs are on the way. Crypto exchange and CoinDesk owner Bullish is set to debut today under the ticker “BLSH.” Tickets provider StubHub, which delayed its IPO plans following Liberation Day stock volatility, is reportedly kicking off its roadshow after Labor Day and will make its public debut in late September.
Michael Nagle / Bloomberg / Getty Images
There is no crystal ball for how well a new stock will do, but the ones that tend to outperform have a few things in common. “The vast majority of those with big run-ups are venture-capital backed. Lots are tech stocks. They’re hard to value,” Ritter told Investopedia, citing examples like Netscape in 1995 or Airbnb (ABNB) in 2020.
Of the top 10 biggest VC-backed U.S. IPOs of 2025, a list that includes Figma (FIG), Chime Financial (CHYM), and Circle (CRCL), only one didn’t pop on Day 1, according to PitchBook data. That was CoreWeave (CRWV), which priced its IPO under its marketed range. Its shares have subsequently climbed almost 250% since its March debut. Figma, which went on a blistering rally as soon as it listed on July 31, has since declined about 25%.
New stocks generally experience mean reversion. “Those that double or more on the first day have average long-term returns below IPOs that had less-than-enthusiastic first-day receptions,” according to Ritter, who defines “long-term” as three years.
The issue with companies that rocket up on their opening day, is that they then have a very high price-to-sales ratio. “It’s difficult for a company to meet expectations when there’s so much optimism built into the price,” he said.
CoreWeave Drops After Large-Than-Expected Loss
3 hr 50 min ago
CoreWeave (CRWV) shares Wednesday morning, a day after the Nvidia-backed provider of artificial intelligence (AI) computing reported a much larger-than-expected loss as costs skyrocketed.
The company posted a second-quarter loss of $0.60 per share, while analysts surveyed by Visible Alpha had anticipated a loss of $0.45 per share. Revenue soared 207% year-over-year to $1.21 billion, beating estimates.
Operating expenses jumped 276% to $1.19 billion, also more than anticipated. Co-founder and CEO Michael Intrator explained that CoreWeave was “scaling rapidly as we look to meet the unprecedented demand for AI.”
CFO Nitin Agrawal said on the earnings call with analysts that the company is “still operating in a structurally supply-constrained environment, where demand far outstrips supply for our products and services,” according to an AlphaSense transcript. Agrawal said that because of the need to invest more to meet that demand, expenses will continue to rise, including debt, adding that “these costs ahead of revenue have a short-term impact on our margins.”
Agrawal noted that with the expectation of rising sales, CoreWeave was boosting its full-year revenue guidance to $5.15 billion to $5.35 billion, versus its earlier outlook of $4.9 billion to $5.1 billion.
CoreWeave shares were down 17% in recent trading. Despite today’s sharp declines, CoreWeave shares have soared more than 200% since their March debut.
CAVA Shares Tumble on Weak Results, Lowered Outlook
6 hours ago
Shares of CAVA Group (CAVA) sank in early trading Wednesday, a day after the fast-casual restaurant chain posted weaker-than-expected results and cut its outlook on slowing sales.
The operator of its namesake Mediterranean-themed eateries reported second-quarter same-restaurant sales increased 2.1% year-over-year, while analysts surveyed by Visible Alpha were looking for a gain of 6.25%. Revenue rose 20% to $280.6 million, also short of forecasts. Adjusted earnings per share of $0.16 was above estimates.
Gabby Jones / Bloomberg / Getty Images
CFO Tricia Tolivar told analysts during the earnings call that the industry is facing “a fluid macroeconomic environment and it’s one that sort of creates a fog for consumers where things are changing constantly and it’s hard to see the clear. And during those times, they tend to step off of the gas,” according to an AlphaSense transcript. Tolivar added that while CAVA entered the quarter with momentum, “as we moved through June, we saw a deceleration in same-restaurant sales, driven in part by the timing of our steak launch last year.”
The company now sees full-year same-restaurant sales growth to be 4.0% to 6.0%, versus its earlier outlook of 6.0% to 8.0%.
CAVA shares were down 18% in recent trading. Even before today’s decline, CAVA Group shares had lost about a quarter of their value in 2025.
Global Oil Supply Expected to Rise as Demand Slumps
6 hr 31 min ago
The International Energy Agency once again has lifted its forecasts for global oil supply this year and next.
The IEA on Wednesday now sees global oil supply growth of 2.5 million barrels per day (B/D) this year, up by 370,000 b/d from last month’s forecast, and 1.9 million b/d in 2026, up by 620,000 b/d.
The upward revision was made “after the eight OPEC+ members subject to voluntary output reductions agreed on 3 August to raise production by another 547 kb/d in September, fully unwinding the 2.2 mb/d cuts agreed to in November 2023 since April,” the agency wrote.
Meanwhile, “global oil demand growth for 2025 has been repeatedly downgraded since the start of the year, by a combined 350 kb/d,” the IEA wrote. “Demand is now projected to rise by around 700 kb/d this year and next. The latest data show lacklustre demand across the major economies and, with consumer confidence still depressed, a sharp rebound appears remote.”
The IEA added that “while oil market balances look ever more bloated as forecast supply far eclipses demand towards year-end and in 2026, additional sanctions on Russia and Iran may curb supplies from the world’s third and fifth largest producers.”
Crude oil futures were down again this morning, extending a two-week slump that has taken prices to their lowest levels since early June.
Major Index Futures Point to Higher Open
7 hr 35 min ago
Futures tied to the Dow Jones Industrial Average were up 0.3% recently.
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S&P 500 futures rose 0.2%.
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Nasdaq 100 futures also added 0.2%.
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