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May 14, 2026 13:59 ET  | Source: Dime Community Bancshares, Inc.

HAUPPAUGE, N.Y., May 14, 2026 (GLOBE NEWSWIRE) -- Dime announced today it will continue its support of the Committee for Hispanic Children and Families (“CHCF”). The organization provides programs that reach underserved children and families throughout New York City, and the home-based childcare providers who serve them. CHCF strengthens the support system and continuum of learning for children through education, capacity building, and advocacy.

ABOUT DIME

Dime is a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

May 25, 2026 14:39 ET  | Source: Dime Community Bancshares, Inc.

HAUPPAUGE, N.Y., May 25, 2026 (GLOBE NEWSWIRE) -- Dime today announced the expansion of its Williamsburg footprint with the signing of a lease for a prominent banking space formerly occupied by Signature Bank. The space is owned by the Forman Family, who are also the owners of Peter Luger Steak House – one of New York City’s most iconic institutions and a valued client of Dime.

The expansion underscores Dime’s continued investment in Brooklyn and its long-term commitment to serving local businesses, residents, and community organizations throughout Williamsburg and the surrounding neighborhoods. Located in the heart of Williamsburg, the new space at 185 Broadway will enhance Dime's ability to provide personalized and private banking services to its clients. The expansion also reflects Dime’s strategic growth initiatives following significant shifts in the New York banking landscape over the past several years.

“Dime, which was founded in Williamsburg in 1864, has always been a key part of the fabric of this vibrant neighborhood. It gives us great satisfaction to expand our presence in Williamsburg,” said Stuart H. Lubow, President and CEO. “This new location represents more than just growth for Dime — it reflects our ongoing commitment to relationship banking and our dedication to supporting the businesses and families that drive Brooklyn forward.”

The new location is expected to open in the fourth quarter, with additional details regarding timing and services to be announced in the coming months.

ABOUT DIME

Dime is a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, June 2, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.

Our long-term thesis on Builders FirstSource remains intact as there is a structural shortage of housing in the USA. As the landowners, Five Point Holdings stands to benefit from any positive shift in regulation/red tape. Flagstar Financial's turnaround is going well, and they recently reported their first profitable quarter since the new management team took over.

The market expects Flagstar Bank (FLG - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 24. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis bank holding company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +113%.

Revenues are expected to be $557.67 million, up 13.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 11.97% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Flagstar Bank?For Flagstar Bank, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -21.48%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Flagstar Bank will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Flagstar Bank would post earnings of $0.02 per share when it actually produced earnings of $0.06, delivering a surprise of +200.00%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Flagstar Bank doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAmong the stocks in the Zacks Banks - Southeast industry, First Citizens BancShares (FCNCA - Free Report) , is soon expected to post earnings of $39.08 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +3.4%. This quarter's revenue is expected to be $2.17 billion, up 1.5% from the year-ago quarter.

The consensus EPS estimate for First Citizens has been revised 0.3% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.97%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that First Citizens will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Flagstar Bank (FLG - Free Report) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to a loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +19.40%. A quarter ago, it was expected that this bank holding company would post earnings of $0.02 per share when it actually produced earnings of $0.06, delivering a surprise of +200%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Flagstar Bank, which belongs to the Zacks Banks - Southeast industry, posted revenues of $498 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 10.61%. This compares to year-ago revenues of $490 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Flagstar Bank shares have added about 14% since the beginning of the year versus the S&P 500's gain of 3.8%.

What's Next for Flagstar Bank?While Flagstar Bank has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Flagstar Bank was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.10 on $595.98 million in revenues for the coming quarter and $0.53 on $2.46 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, South Plains Financial (SPFI - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on April 28.

This company is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of +22.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

South Plains Financial's revenues are expected to be $54.35 million, up 10.6% from the year-ago quarter.

Flagstar Bank, National Association (FLG) Q1 2026 Earnings Call Transcript

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") today announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share on the Bank's common stock. The dividend is payable on June 17, 2026, to common stockholders of record as of June 7, 2026.

In addition, the Board of Directors declared quarterly cash dividends on three series of its preferred stock.

A quarterly cash dividend on its Fixed-to-Floating Rate Noncumulative Perpetual Preferred Stock, Series A (NYSE: FLG PRA) at the rate of $15.94 per preferred share, which equates to $0.3984 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of the Series A preferred stock. The dividend is payable on June 17, 2026, to holders of record of Series A preferred stock as of June 7, 2026. A quarterly cash dividend on its Series B Noncumulative Convertible Preferred Stock of $3.3333 per share. The dividend is payable on June 17, 2026, to holders of record of Series B preferred stock as of June 7, 2026. A quarterly cash dividend on its Series D Non-Voting Common Equivalent Stock of $3.3333 per share. The dividend is payable on June 17, 2026, to holders of record of Series D preferred stock as of June 7, 2026. Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At March 31, 2026, the Bank had $87.1 billion of assets, $60.7 billion of loans, deposits of $66.8 billion, and total stockholders' equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Investor Contact: 
Salvatore J. DiMartino
(516) 683-4286

SOURCE Flagstar Bank, N.A.

Also from this source

, /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") will participate in the Barclays 18th Annual Americas Select Conference in London on Tuesday, May 5, 2026.

Executive Chairman, President, and Chief Executive Officer, Joseph Otting and Senior Executive Vice President and Chief Financial Officer, Lee Smith, are scheduled to take part in a fireside chat-style discussion at 3:15 p.m. BST (10:15 am ET).

The discussion can be live-streamed in a listen-only format on the Bank's website at ir.flagstar.com.  A replay of the discussion will be available later in the day and will be archived at the Bank's website through 5:00 p.m., on Tuesday, June 2, 2026.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At March 31, 2026, the Bank had $87.1 billion of assets, $60.7 billion of loans, deposits of $66.8 billion, and total stockholders' equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

SOURCE Flagstar Bank, N.A.

Flagstar Bank, National Association (FLG) Presents at Barclays 18th Annual Americas Select Conference Transcript

Joseph Otting's Employment Agreement in His Role as CEO Extended Through March 2028 Richard Raffetto and Lee Smith Named Co-Presidents and Co-Chief Operating Officers with Expanded Responsibilities Bao Nguyen Named Chief Legal Officer and Chief Operating Officer for Consumer and Retail Banking Sydney Menefee Named Chief Audit Executive Peter Sullivan Named General Counsel HICKSVILLE, N.Y., May 18, 2026 /PRNewswire/ -- Flagstar Bank, N.A.

, /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") will participate at the Morgan Stanley U.S. Financials Conference to be held on Wednesday, June 10, 2026 in New York City.

Executive Chairman and Chief Executive Officer, Joseph Otting; Co-President, Co-Chief Operating Officer, and Chief Banking Officer, Richard Raffetto; and Co-President, Co-Chief Operating Officer, and Chief Financial Officer, Lee Smith, are scheduled to take part in a fireside chat-style discussion at 3:15 p.m. ET.

The discussion can be live-streamed in a listen-only format on the Bank's website at ir.flagstar.com.  A replay of the discussion will be available later in the day and will be archived at the Bank's website through 5:00 p.m., on Wednesday, July 8, 2026.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At March 31, 2026, the Bank had $87.1 billion of assets, $60.7 billion of loans, deposits of $66.8 billion, and total stockholders' equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

SOURCE Flagstar Bank, N.A.

, /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") announced today that, based on preliminary voting results from the 2026 Annual Shareholders' Meeting held earlier today, all four proposals were approved by shareholders.

Based on these preliminary results, the Bank's shareholders approved the following:

The election of eight directors to one-year terms of office; The ratification of the appointment of KPMG, LLP as the Bank's independent registered public accounting firm for the fiscal year ending December 31, 2026; By a non-binding advisory vote, the approval of the compensation of the Bank's Named Executive Officers; and Approval of an Amendment to the Flagstar Bank, N.A., 2020 Omnibus Incentive Plan. Commenting on today's results, Executive Chairman and Chief Executive Officer, Joseph M. Otting stated, "We are grateful for the strong support received from our shareholders at today's Annual Meeting as nearly 90% of total shares outstanding were voted this year. The preliminary results affirm the progress the Bank has made in improving our financial performance, our risk management and corporate governance frameworks, and building a foundation for long-term growth. We appreciate the confidence our shareholders have placed in our Board of Directors and executive leadership team and remain committed to creating value and providing exceptional service to our customers and communities."

The Bank expects to file a Form 8-K with final voting results within the next four business days.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At March 31, 2026, the Bank had $87.1 billion of assets, $60.7 billion of loans, deposits of $66.8 billion, and total stockholders' equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Cautionary Statements Regarding Forward-Looking Language

This press release may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the "Reorganization"), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (h) the impact of the $1.05 billion capital raise we completed in March 2024; (i) the conversion or exchange of shares of our preferred stock; (j) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (k) the availability of equity and dilution of existing equity holders associated with future equity awards and stock issuances; (l) the effects of the reverse stock split we effected in July 2024; and (m) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.

Forward‐looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to recognize anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the "OCC") and voluntarily file with the Securities and Exchange Commission (the "SEC"), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC's website at www.occ.gov, and on the SEC's website at www.sec.gov.

Investor Contact: 
Salvatore J. DiMartino
(516) 683-4286

SOURCE Flagstar Bank, N.A.

After years of anticipation, privately held SpaceX finally has plans to go public. The Elon Musk-backed space exploration company filed with the Securities and Exchange Commission last month, and investors expect it to launch its initial public offering (IPO) in early June. Although SpaceX is reportedly allocating a large portion of the offering to retail investors, the opportunity for everyday investors to add exposure already exists.

Here are three publicly traded companies that already own -- or are set to own -- SpaceX stock: Alphabet (GOOG 2.23%) (GOOGL 1.95%), Bank of America (BAC +0.22%), and EchoStar(SATS 1.31%).

Image source: Getty Images.

Alphabet benefits from SpaceX in more ways than one Google and YouTube parent Alphabet first invested in SpaceX in 2015, investing $900 million in exchange for a 7% stake. It's since been reported that Alphabet owned 6% of SpaceX at the end of last year.

That's not all. The tech giant's close ties with the company could benefit it in more ways than one. Alongside having direct equity in SpaceX, Alphabet's Google Cloud unit has formed an infrastructure partnership with SpaceX's Starlink satellite communications unit.

Bank of America bought in years ago In 2018, BofA participated in a SpaceX equity funding round, investing $250 million. At the time, SpaceX had a valuation of around $30 billion. That would have given it less than 1% of SpaceX at the time.

EchoStar is set to get SpaceX shares EchoStar's best-known asset is its satellite television business, Dish Network. However, it and SpaceX have a deal that, if given regulatory approval, will sell spectrum to SpaceX and include shares of SpaceX going to EchoStar. EchoStar could end up with a 2.8% stake. If the deal is approved and SpaceX has a $2 trillion valuation, EchoStar's position would be worth around $56 billion.

EchoStar shares have rallied over fivefold in the past year. Investors are already aware of its space stock status. However, given its current market cap of $34 billion, compared to the potential value of its potential SpaceX stake, this satellite stock could have more room to run after the IPO.

Bank of America is an advertising partner of Motley Fool Money. Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.

A satellite model is placed on EchoStar Satellite Services logo in this picture illustration taken April 4, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

May 11 (Reuters) - Telecommunications services firm EchoStar (SATS.O), opens new tab posted a larger-than-expected decline in pay-TV subscribers ​for the first quarter, as cord-cutting ‌pressures persist.

The results highlight ongoing consumer shifts away from traditional bundled television services ​toward cheaper, on-demand streaming platforms.

The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.

Pay-TV ​subscribers decreased by about 366,000 in ⁠the first quarter, compared with an ​expected decline of 336,433 subscribers, according ​to Visible Alpha estimates.

Revenue in the pay-TV segment, EchoStar's largest, came in at $2.29 billion, beating ​analysts' average estimate of $2.28 billion, according ​to data compiled by LSEG.

In March, EchoStar ‌entered ⁠into a debt restructuring deal with a group of Dish DBS' bondholders, part of the company's long effort to ​deal ​with heavy ⁠debt.

The company reported revenue of $3.67 billion, a touch above ​estimates of $3.66 billion. First-quarter ​loss ⁠narrowed to $146.9 million, from $202.7 million in the same period last year.

The results ⁠come ​after EchoStar was added to ​the S&P 500 in March.

Reporting by Anhata Rooprai ​in Bengaluru; Editing by Tasim Zahid

Our Standards: The Thomson Reuters Trust Principles., opens new tab

© Vladi333 / Shutterstock.com

If you have ever tried to buy “space exposure” through an ETF, you have probably noticed the same trick. Most space funds quietly fill the bucket with Boeing (NYSE:BA | BA Price Prediction), Lockheed Martin (NYSE:LMT), and Honeywell (NASDAQ:HON), then call it a day. You end up with aerospace primes when what you wanted was the companies actually launching rockets and beaming broadband from low Earth orbit. Procure Space ETF (NYSEARCA:UFO) is one of the few funds that skips the switcheroo.

The timing matters. SpaceX filed confidentially with the SEC on April 1, 2026 and is reportedly chasing a $1.75 trillion valuation. Polymarket traders are pricing roughly a 72% probability of a listing by the end of June and a 94% probability by year-end. When the largest private company in the sector becomes a public security, every comparable name on a fund manager’s screen reprices alongside it.

What UFO Actually Holds UFO tracks the S-Network Space Index and screens for companies that derive meaningful revenue from space-related activities. The top three positions are Planet Labs (NYSE:PL), EchoStar (NASDAQ:SATS), and Sirius XM (NASDAQ:SIRI) (Sirius maintains a fleet of satellites). The top 10 names make up about half of net assets, so this is a concentrated bet on a real industry, not a closet aerospace index.

By sector, the fund is 46% Media & Communications and 43% Industrials, which is just the prospectus way of saying satellite operators and rocket builders. About 71% sits in U.S. names. Japan, Canada, and Luxembourg round out a portfolio that reflects where the world’s space companies are actually domiciled.

The Return Engine UFO does not collect option premium or harvest yield. It owns operating businesses whose fortunes rise and fall with launch cadence, satellite broadband subscriber growth, and government contracts. Rocket Lab (NASDAQ:RKLB) has run about 249% over the past year, and AST SpaceMobile (NASDAQ:ASTS) is up roughly 159% over the same stretch. That is the math driving the fund.

Does the Strategy Actually Work? UFO is up about 127% over the trailing year and roughly 33% year to date, the kind of return profile that justifies a thematic fund’s existence. The five-year picture is messier. The ETF returned about 92% over five years, well behind the S&P 500 over the same window. Space spent most of 2021 through 2024 as a punchline before the launch economy and direct-to-cell satellite business started generating real revenue.

That is the honest read. UFO works when the space economy is in expansion mode. It struggles as a steady compounder and has historically failed to protect capital during cyclical drawdowns. The recent run suggests the underlying businesses have crossed from story stocks into operating companies, but you are still buying volatility wrapped in a ticker.

Where the Strategy Hurts Concentration and small fund size. With about $750 million in net assets and the top 10 holdings near half the portfolio, you will feel it if space startups slow down. Fees that compound against you. The 0.94% expense ratio is reasonable for a thematic product but punishing next to an S&P 500 fund at a few basis points. You are paying for access, not efficiency. SpaceX is the elephant outside the room. The biggest space company on Earth is still private. Until that changes, UFO owns the supporting cast, and whenever SpaceX prices, the index methodology will determine the eventual weight rather than investor enthusiasm. UFO makes sense as a 2-5% satellite position for investors who want genuine exposure to the launch and orbital broadband economy ahead of a potential SpaceX listing, while anyone treating it as a diversified core holding is buying a sector bet dressed up as a fund.

EchoStar shares are powering higher. Why is SATS stock surging? The approval removes the final regulatory barrier and confirms that EchoStar can now complete both sales, which together represent more than $40 billion in deal value according to the FCC.

FCC Approval Unlocks Two Large Spectrum DealsThe FCC authorized EchoStar to sell roughly 65 megahertz of nationwide spectrum to SpaceX for use in Starlink's direct to device service. This gives SpaceX its first nationwide stretch of exclusive spectrum for smartphone connectivity from orbit, something that required formal approval before the deal could close.

What The Approval Means For EchoStarThe FCC attached several conditions to the transactions, including strict buildout requirements for AT&T, new flexibility for SpaceX to use the spectrum across satellite and ground networks, and a requirement that EchoStar establish a multibillion‑dollar escrow fund for potential claims.

With these conditions in place, the agency concluded that the transfers promote more efficient spectrum use and strengthen competition across wireless and satellite markets.

EchoStar And The Trend That Refuses To Cool OffTechnically, the stock is extended, but that’s often what leadership looks like before it turns into exhaustion. EchoStar is trading 6.8% above its 20-day SMA of $125.03, 11.8% above its 50-day SMA ($119.45) and 46.8% above its 200-day SMA ($91.00). That stacked moving-average structure typically signals buyers are still in control on pullbacks, even if the chart is starting to feel crowded.

Here are some key levels:

Key Resistance: $137.50 — sitting right near the 52-week high area, where upside attempts can stall Key Support: $117.00 — a prior buyer-defense zone that also sits near the broader moving-average "catch-up" area SATS Shares Are Trending HigherSATS Price Action: EchoStar shares were up 3.05% at $133.32 at the time of publication on Wednesday. The stock is trading near its 52-week high of $137.44, according to Benzinga Pro.

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On May 20, 2026, EchoStar Corp SATS shares rose 3.8% to a current price of $141.80, reflecting a strong upward trend over the past year with a staggering increase of 539.9%. The stock has experienced significant volatility, with a 52-week high of $147.25 and a low of $14.90.

GF Value™ verdict: The current price is $141.80, significantly above the GF Value™ of $19.84, indicating it is 614.7% overvalued.GF Score™: With a score of 49/100, the stock is deemed average, suggesting it may not be a strong long-term investment.Most notable signal: Insider activity shows that insiders sold $15.5 million worth of stock in the last three months, indicating a lack of confidence from those closest to the company. Is SATS Overvalued or Undervalued? The current price of EchoStar Corp SATS at $141.80 is dramatically higher than the GF Value™ of $19.84, suggesting a substantial overvaluation of 614.7%. This stark difference highlights a significant margin of safety for potential investors, where the actual market price far exceeds the calculated intrinsic value. The GF Valuation label categorizes SATS as "Significantly Overvalued," posing risks for those looking to enter the stock at this elevated price level.

When a stock is significantly overvalued, it indicates that the market price may be unsustainable in the long term, potentially leading to a price correction. Investors should consider the implications of this overvaluation, particularly in a market where the stock has recently surged in price. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

How Does SATS's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 430.7x 0.7x The current forward P/E ratio of EchoStar Corp SATS stands at a staggering 430.7x, which is significantly higher than its 5-year median P/E of 0.7x. This analysis reaffirms the GF Value™ verdict of overvaluation, as the stock is trading well above its historical valuation metrics. Such a high P/E ratio may indicate excessive market expectations that could be difficult to sustain in the future.

What Does SATS's GF Score™ Tell Us? Metric Rating GF Score™ 49/100 Financial Strength 3/10 Profitability 5/10 Growth 3/10 Valuation 1/10 Momentum 3/10 The GF Score™ of 49/100 indicates that EchoStar Corp SATS is performing at an average level across the evaluated criteria. The strongest area is profitability, rated at 5/10, suggesting some degree of operational efficiency. However, the weakest area is valuation, where SATS has a concerning rating of 1/10, consistent with its significant overvaluation as indicated by the GF Value™ assessment. The low scores in financial strength (3/10) and growth (3/10) further underscore potential risks for investors.

What Are Insiders Doing with SATS Stock? In the past three months, insiders have sold approximately $15.5 million worth of EchoStar Corp SATS stock, with no reported buying activity. This trend of insider selling can be a red flag, suggesting that those with the most intimate knowledge of the company's operations may lack confidence in its future performance. Such actions often indicate that insiders may anticipate challenges ahead or believe the stock is currently overvalued.

What This Means for Investors Based on the current valuations and the GF Value™ assessment, EchoStar Corp SATS is deemed significantly overvalued. The substantial gap between its market price and intrinsic value, compounded by poor financial strength and valuation scores, suggests caution for potential investors.

For the complete analysis, visit the EchoStar Corp SATS stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is SATS's GF Score™?

SATS's GF Score™ is 49/100, indicating an average performance across key investment metrics.

Is SATS overvalued or undervalued?

SATS is significantly overvalued, with a market price of $141.80 compared to a GF Value™ of $19.84.

What is SATS's P/E ratio?

The current P/E ratio for SATS is 430.7x, which is significantly above its 5-year median P/E of 0.7x, indicating a substantial overvaluation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Issued on behalf of Starfighters Space, Inc.

, /PRNewswire/ -- Equity Insider News Commentary — The looming SpaceX IPO has done something that almost no other capital markets event in a decade has managed: it has made the space sector mainstream investible. A Yahoo Finance segment that ran yesterday with ETF.com president Dave Nadig laid out the case directly, walking through the ETFs and broader public space exposure that stand to benefit from what is shaping up to be the largest IPO in history. Multiple ETF issuers are already gearing up. [1]

SpaceX confidentially filed its S-1 with the SEC on April 1, 2026, and its public registration is expected to land on EDGAR between May 18 and May 22. The targeted June Nasdaq listing aims to raise as much as US$75 billion at a US$1.75 trillion valuation. [2] That alone reshapes the comparable set for every publicly traded space name in the market today.

The sector backdrop is more than just one IPO. NASA announced a new Moon Base initiative in March. The Trump administration's Golden Dome missile defense program is in full procurement. The Department of War has expanded its hypersonic test budget. Commercial space stations, lunar landers, and microgravity research platforms — work that until recently lived inside a small handful of government programs — are now being executed by publicly traded companies posting record backlogs. Against that wave, one NYSE American–listed operator at Cape Canaveral made a move yesterday that drops it directly into a federal procurement opening.

A NASA RFI, a Falcon 50, and a Capability the U.S. Has Gone Without

Starfighters Space, Inc. (NYSE American: FJET) — the operator of what its own filings describe as the world's fastest fleet of commercial supersonic aircraft — announced a signed Memorandum of Understanding with Mu-G Technologies, LLC and a joint response to a NASA Armstrong Flight Research Center Request for Information for Parabolic Flight Services. The RFI targets companies that can rebuild the country's commercial microgravity capability — a capability the U.S. has gone without since the last domestic operator exited the market. [3]

Under the MOU, Starfighters will host Mu-G's Dassault Falcon 50 at the Midland International Air & Space Port in Texas, where the aircraft will be modified to conduct parabolic test flights and worked through FAA certification. Starfighters provides ground support, chase plane and data collection, expert pilot integration, and safety and regulatory alignment. [3]

The combined offering covers four flight environments at one site: microgravity from the Falcon 50, reduced gravity and hyper-gravity from the same parabolic profiles, and the supersonic regime from Starfighters' F-104s. The NASA RFI specifically asks for "novel or non-traditional flight platforms." [3]

Microgravity research is increasingly where real commercial work happens. Pharma and biotech companies use the absence of gravity-driven sedimentation to grow purer protein crystals and study drug mechanisms. Materials scientists use reduced gravity to study how alloys solidify without convection currents. Defense and aerospace engineers use parabolic profiles to test sensors, fluid systems, and components before committing to a launch. U.S. researchers who need that environment today have to look overseas or wait — exactly the gap NASA is asking industry to fill.

Starfighters CEO Tim Franta and Mu-G founder Robert S. Ward have known each other for nearly thirty years through the Space Coast aerospace community. Franta took over as CEO in February 2026. [4] Starfighters already flies revenue missions for Lockheed Martin, Space Florida, and the U.S. Air Force Research Laboratory. [5] On May 7, it added two senior Blue Origin engineers to lead STARLAUNCH operations. [6]

Four Other Names Riding the Same Wave

Karman Holdings Inc. (NYSE: KRMN) — A leader in critical next-generation system solutions for space, hypersonics, and missile defense. On May 12, Karman reported record Q1 2026 revenue of US$151.2 million, up 51.0% year-over-year, with record quarterly adjusted EBITDA of US$44.8 million (29.6% margin) and a record backlog of US$1.0 billion, up 61% year-over-year. The Space and Launch segment led growth at US$43.9 million, with the company introducing a new Maritime Defense Systems end market in the quarter. Management raised full-year 2026 guidance to US$720–US$735 million in revenue and US$208.5–US$219.5 million in adjusted EBITDA. [7][8]

MDA Space Ltd. (NYSE: MDA) — A trusted mission partner to the global space industry, dual-listed on the NYSE and TSX. On May 7, MDA Space reported Q1 2026 revenue of CAD$464 million, up 32% year-over-year, with a backlog of CAD$3.7 billion providing visibility into 2026 and beyond. The company ended the quarter with a CAD$299 million net cash position and CAD$1.2 billion in total liquidity. In April, MDA launched MDA MIDNIGHT™, a space-control platform aimed at protecting critical orbital infrastructure, while in March it announced a Canadian Defence Investment Agency contract for three Ground-Based Optical observatories. CEO Mike Greenley cited a CAD$40 billion pipeline across commercial and government customers. [9]

EchoStar Corporation (Nasdaq: SATS) — Holds an equity stake in SpaceX acquired through prior spectrum transactions, now widely flagged as one of the most direct public proxies for the SpaceX IPO repricing thesis. On May 11, EchoStar reported Q1 2026 revenue of US$3.67 billion and confirmed that the FCC's Wireless Telecommunications Bureau and Space Bureau approved its approximately US$40 billion sale of wireless spectrum to AT&T and SpaceX, with EchoStar to continue operating Boost Mobile via an MVNO partnership. [10][11] On May 13, New Street Research initiated coverage with a Buy rating and a US$161 price target, calling EchoStar "the SpaceX play, for now." [12]

Viasat, Inc. (Nasdaq: VSAT) — A global satellite communications provider with annual revenue of approximately US$4.56 billion. Viasat is one of five companies awarded initial contracts under the U.S. Space Force's Protected Tactical SATCOM-Global (PTS-G) program, which carries a ceiling of US$4 billion in IDIQ value across awardees for resilient, anti-jam tactical communications. [13] On May 7, Viasat announced a cooperation agreement with activist investor Carronade Capital Management, adding two new independent directors to the Board's Strategic Review Committee. On May 13, New Street Research initiated coverage with a Buy rating and a US$100 price target, citing Viasat's defense communications position as a SpaceX-IPO-adjacent beneficiary. [12]

The Bottom Line

The Yahoo Finance segment captured what the market has already started pricing: when the anchor of the entire ecosystem is going public at a US$1.75 trillion valuation, every publicly traded company that does real work in the same lane gets re-rated. Starfighters Space, Inc. (NYSE American: FJET) is one of the few publicly traded operators that owns a flying fleet of supersonic aircraft today, has revenue from blue-chip aerospace customers, and is now in the running for a NASA-defined commercial microgravity capability that does not currently exist domestically. The Mu-G MOU is the next concrete step. As always, investors should do their own research and consult a qualified financial advisor before making any decision.

For more information on Starfighters Space, Inc., visit: https://equity-insider.com/fjet-landing

Contact:
Equity Insider
[email protected]
604-265-2873

Sources:

[1] https://finance.yahoo.com/video/spacex-ipo-set-bolster-space-180000761.html
[2] https://www.ibtimes.com/spacex-files-largest-ipo-ever-while-absorbing-494-billion-loss-its-xai-merger-3802915
[3] https://ir.starfightersspace.com/news-events/press-releases
[4] https://www.stocktitan.net/sec-filings/FJET/8-k-starfighters-space-inc-reports-material-event-3234f73ec472.html
[5] https://finance.yahoo.com/news/starfighters-space-demonstrates-commercial-supersonic-130000515.html
[6] https://finance.yahoo.com/sectors/technology/articles/starfighters-space-adds-blue-origin-130000983.html
[7] https://www.sec.gov/Archives/edgar/data/0002040127/000119312526219495/krmn-ex99_1.htm
[8] https://www.stocktitan.net/sec-filings/KRMN/8-k-karman-holdings-inc-reports-material-event-0e4e3b7a2b1a.html
[9] https://www.sec.gov/Archives/edgar/data/0001857047/000110465926056789/tm2613608d3_ex99-1.htm
[10] https://stockanalysis.com/stocks/sats/
[11] https://blockonomi.com/echostar-sats-stock-surges-on-spacex-ipo-speculation-and-40b-fcc-spectrum-deal/
[12] https://stocktwits.com/news-articles/markets/equity/spacex-ripple-effect-rklb-sats-vsat-top-space-stock-bets/cZX1hH7Re1b
[13] https://www.investing.com/news/company-news/viasat-secures-contract-for-us-space-force-satellite-program-93CH-4277193

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Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by USA News Group on behalf of MIQ. MIQ has been paid a fee for Starfighters Space, Inc. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Starfighters Space, Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. The owner/operator of MIQ currently owns shares of Starfighters Space, Inc. that were purchased in the open market and reserves the right to buy and sell, and will buy and sell shares of Starfighters Space, Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been reviewed and approved on behalf of Starfighters Space, Inc. by CDMG; this is a digital media distribution.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

FORWARD-LOOKING STATEMENTS:

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that demand for U.S. aerodynamic and hypersonic test infrastructure will continue to accelerate; that Starfighters Space, Inc.'s F-104 platform will provide testing capabilities at the cadence and conditions described; that the Company's expansion to Midland, Texas will proceed as planned; that the Company will retain and grow its existing customer base; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/spacexs-trillion-dollar-ipo-is-turning-the-space-sector-into-the-trade-of-2026--here-are-five-names-already-moving-on-it-302778910.html

SOURCE Equity Insider

SpaceX will be one of the most sought-after initial public offerings (IPOs) in Wall Street's history. However, with a valuation expected at close to $2 trillion, retail investors may struggle to buy in early enough to capture meaningful upside. That makes EchoStar (SATS 1.31%) an unusual way to get exposure to SpaceX before the rocket and satellite company starts selling stock.

Image source: Getty Images

EchoStar agreed to sell 65 megahertz of wireless spectrum to SpaceX, providing support for SpaceX's Starlink to offer direct-to-device service (connecting regular phones directly to satellites). The deal was first valued at about $17 billion, but amended terms could lift the total to about $20 billion, including up to $11 billion in SpaceX stock valued at $212 per share.

In May 2026, the FCC approved EchoStar's broader $40 billion spectrum sale to SpaceX and AT&T. These regulatory approvals have brought EchoStar closer to receiving cash and SpaceX stock.

EchoStar's SpaceX stake is changing the story EchoStar is not a clean alternative to SpaceX. The company's legacy satellite TV business remains under pressure, with pay-TV subscribers declining by about 366,000 in the first quarter of fiscal 2026 (ending March 31, 2026). However, EchoStar has also reduced its net loss and improved its operating income before depreciation and amortization year over year. These improvements are giving investors a reason to look beyond the shrinking pay-TV business toward its spectrum proceeds and the SpaceX equity stake.

Today's Change

(

-1.31

%) $

-1.53

Current Price

$

115.24

The upside now depends not only on its core business, but also on the value of its SpaceX stock, the cash it receives from spectrum sales, how much debt it can repay, and how much money is left after taxes and costs associated with shutting down parts of its own wireless network. Barron's estimates the SpaceX stake could be worth about $31 billion if SpaceX lists at a $1.75 trillion valuation.

EchoStar is affected by weak legacy businesses and execution risk. Yet it is still a high-risk, high-reward way to gain exposure to SpaceX before the IPO.

Manali Pradhan, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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Q2 Earnings Season Preview: What to Expect Total Q2 earnings for the S&P 500 index are currently expected to be up +21.8% from the same period last year on +10.9% higher revenues, with 11 of the 16 Zacks sectors expected to enjoy positive earnings growth.

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Symbol Time Expected Reported %Surprise PRE 08:37 -0.49 -0.56 -14.29 EPS Negative Surprises for Jun 10, 2026

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© Chaay_Tee / iStock via Getty Images

Pre-Market Stock Futures: Futures are trading modestly higher as we hit the midweek mark, and some buyers’ exhaustion likely played a role, as all the major indices finished lower on Tuesday. This comes after both the Nasdaq and the S&P 500 hit all-time highs once again earlier this week. The combination of mixed earnings, some AI chatter on OpenAI results, and the ongoing conflict with Iran all weighed on shares yesterday. The Russell 2000, which has been the leading index year to date, closed down 1.21% at 2,753, while the Nasdaq finished the session down 0.90% at 24,663. The S&P 500 was last seen at 7,138, down 0.49%, and the venerable Dow Jones Industrial closed barely lower, down just 0.05% at 49,141.

Treasury Bonds: Yields were mostly higher across the Treasury curve once again, as sellers who started the week off to the downside in U.S. sovereign debt returned. The usual reasons for selling, such as geopolitical worries, bloated government budgets, the situation in Iran, and basic concerns over the fiscal outlook for the U.S. economy, were front and center Tuesday. The 30-year-long bond closed the day at 4.94%, while the benchmark 10-year note was last seen at 4.35%.

Oil and Gas: The energy complex traded higher on Tuesday after the United Arab Emirates shocked the energy world by announcing it was leaving OPEC immediately, with its departure from the cartel set for May 1st. That, plus some escalation in the fighting with Iran, was all that it took to send prices higher. Brent Crude finished the day at $110.80, up 2.3%, while West Texas Intermediate was last seen at $99.61, up 3.36%. Natural gas closed Tuesday at $2.55, up 0.16%. 

Gold: Precious metals have been under pressure for the past week, and the trend continued on Tuesday. The ongoing selling was driven by the familiar combination of geopolitical tensions, inflationary pressures, and a stronger U.S. dollar, which diminishes the appeal of non-yielding precious metals, prompting sellers to act. Gold closed the session at $4,595, down 1.84%, while Silver ended the day at $72.97, down 3.2%. 

Crypto: Cryptocurrency prices corrected on Tuesday amid cautious investor sentiment and broader risk-off market dynamics. Bitcoin dipped below $77,000 as it retreated from recent weekly highs, while Ethereum slipped below $2,300 and XRP faced heightened downside pressure. The pullback aligned with caution ahead of key events, such as the Federal Reserve meeting. Reports noted mixed or recent ETF flows for Bitcoin, though some pressure from outflows or rotation contributed to the day’s downside. At 8 AM EDT, Bitcoin was trading at $77,570, while Ethereum was trading at $2,333. 

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Wednesday, April 29, 2026.  

Upgrades: Franklin Resources (NYSE: BEN) | BEN Price Prediction was upgraded to Equal Weight from Underweight at Barclays, which lifted the target price for the asset management giant to $31 from $26. Spotify Technology (NYSE: SPOT) was upgraded to Buy from Neutral at Rosenblatt, which slashed the target price for the music streaming giant to $500 from $670. T-Mobile US (NASDAQ: TMUS) was raised to Outperform from Perform at Oppenheimer, with a $260 target price objective. Victoria’s Secret (NYSE: VSCO) was upgraded to Buy from Neutral at Bank of America, which bumped the target price for the shares to $68 from $58. Zeta Global Holdings (NYSE: ZETA) was upgraded to Overweight from Sector Weight at KeyBanc with a $22 target price. Downgrades: Boston Scientific (NYSE: BSX) was downgraded to Neutral from Outperform at Daiwa, which cut the target price for the medical devices giant to $60 from $83. Brown-Forman (NYSE: BF-B) was downgraded to Underweight from Neutral at JPMorgan, which trimmed the target price for the spirits leader to $23 from $27. MercadoLibre (NASDAQ: MELI) was downgraded to Neutral from Buy at UBS, which dropped the target price for the company in a big way, to $2,050 from $2,700. StoneCo (NASDAQ: STNE) was downgraded to Neutral from Buy at Goldman Sachs, which dropped the target price for the shares to $14 from $20. Sysco (NYSE: SYY) was cut to Hold from Buy at Deutsche Bank, which lowered the target price for the stock to $84 from $90. Initiations: Alibaba Group Holding (NYSE: BABA) was initiated with an Outperform rating at BNP Paribas, with a $209 target price. 
Charter Communications (NASDAQ: CHTR) was resumed with a Neutral rating at JPMorgan, with a $215 target price for the stock. Legence (NASDAQ: LGN) was started with a Buy rating at Loop Capital, which has a $96 target price for the shares. PicPay (NASDAQ: PICS) was started with a Buy rating at BTG Pactual with a $20 target price. WAVE Life Sciences (NASDAQ: WVE) was assumed with a Buy rating at Truist, which demolished the target price for the stock to $15 from $50.

Zeta Global Holdings Corp. (ZETA) Q1 2026 Earnings Call Transcript