Next Africa: A steel elephant

Nigeria’s Ajaokuta factory hasn’t worked since 1979 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Read in browser

Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here. In today’s edition: Nigeria will try again to get its Ajaokuta steel plant working Eskom is at odds with the government over a planned split A look at what drove the Moroccan migrant rush into Ceuta Reviving the Dead  After nearly half a century, Nigeria is trying to fire up a megaproject to produce its first-ever steel. It’s not the first time anyone has tried to power up the Ajaokuta Steel Company factory, a colossal monument to Soviet-era engineering on the banks of one of West Africa’s most iconic rivers. All previous attempts failed, draining more than $8 billion from the public purse. This time, though, officials are convinced they have cracked the puzzle that thwarted those that came before: securing gas supplies from the state-owned oil pipeline. A sign outside the Ajaokuta plant in 2016. Photographer: David Malingha/Bloomberg That’s given impetus to conversations with potential investors, Managing Director Nasir Naeem Abdulsalam told us, adding that American and Chinese firms are interested. The latest push follows ventures by companies from Japan, India and Russia (twice) to get it started since the structure was built in 1979. The mill was intended to help Africa’s most populous nation tap its vast iron-ore deposits and to industrialize. Instead, it stands as the poster child of wasteful megaprojects in a long list that includes a wind farm, a giant dam and four refineries. Getting it to work will require a purpose-built iron-ore plant 50 kilometers away to become operational. Then its blast furnace and steel-making systems will have to be tested. There are questions about how much any potential investor is willing to commit, and how Nigerians will react to dipping again into state coffers. That makes the odds of success low. Yusuf Ocheja, a former assistant director at the factory, says talk of a revival is “all noise.” Still, President Bola Tinubu has set a raw-steel production target of 10 million tons by 2030 as he bids to kickstart the economy. Should he manage to get Ajaokuta working, it may be akin to reviving the dead. — Nduka Orjinmo The disused Ajaokuta steel complex. Photographer: David Malingha/Bloomberg What Everyone’s Reading  South Africa should hold off on transferring assets from Eskom to a separate transmission firm until the government addresses risks to the power utility’s finances and lenders, its chairman says in an interview. Mteto Nyati’s warning is at odds with the government’s stance after President Cyril Ramaphosa last week endorsed recommendations to place control of the grid in a standalone entity. Power lines in the Kwa-Guqa township in northeastern South Africa. Photographer: Waldo Swiegers/Bloomberg Air India named Tewolde Gebremariam as its new CEO amid the Tata Group-owned carrier’s struggles to recover from last year’s deadly plane crash and mounting losses linked to geopolitical tensions. During a decade at the helm, Tewolde led Ethiopian Airlines through a multibillion-dollar expansion that helped transform the regional carrier into Africa’s largest. Nigeria tightened rules for virtual-asset transactions to crack down on tax evasion and boost income from one of the world’s largest crypto markets. The measure adds to other policies enacted last year to overhaul its tax code to raise more revenue. Zimbabwe won’t rush to phase out the US dollar and make the ZiG its sole currency until it’s confident inflation is under control and the exchange rate is stable, Secretary for Finance George Guvamatanga says. The government initially set 2030 as its deadline to stop use of US dollars in everyday transactions. A ZiG banknote at a market in Harare. Photographer: Cynthia R Matonhodze/Bloomberg Gabon has become a top performer in emerging sovereign-bond markets, buoyed by expectations that an IMF program will help it avert a debt restructuring. The optimism contrasts with Senegal, where ballooning debt and stalled talks on a loan from the lender have left investors resigned to the possibility of default. Ghana’s central bank incurred about $1.9 billion of losses in 2025 from its domestic gold-buying program aimed at boosting foreign-exchange reserves. Responsibility for the purchases was formally transferred from the institution to the Ghana Gold Board in July, ending its exposure to the quasi-fiscal operation. Ghana Inflation Posts Surprise Slowdown as Food-Price Growth Eases Ghanaian annual inflation slowed in July as food-price growth eased and a more stable exchange rate helped contain the cost of imported goods. We’re bringing the “Where to Invest” series to Kenya this month. If you would like to attend the event scheduled for Aug. 18 in Nairobi, please reach out to gbell16@bloomberg.net. Quote of the Week “Every last one of them will return.” José Manuel Albares Spain’s foreign minister Albares was speaking about thousands of Moroccans who illegally crossed into Ceuta and Melilla. Last Word The scenes at the border between Morocco and the Spanish enclave of Ceuta were without precedent. In the final days of July, more than 70,000 people crossed the frontier, most by swimming around a maritime border fence. Nearly 100 died and 50 are missing, Spanish police say. Most migrants returned home and Spain reinforced the frontier with a 500-meter floating barrier. Was it spontaneous? Or was it organized? This essay digs into what caused the deadly rush. Spanish soldiers guard migrants in Ceuta on Aug. 1. Photographer: Jorge Guerrero/AFP/Getty Images We’ll be back in your inbox with the next edition tomorrow. Send any feedback to gbell16@bloomberg.net. More From Bloomberg Enjoying Next Africa? You might also like: Businessweek Daily for fresh perspectives on business, economics, politics and tech Markets Daily for what’s moving in stocks, bonds, FX and commodities Balance of Power for the latest political news and analysis from around the globe Bloomberg Money for insights, ideas and tools for doing more with your money. AI Today for a chronicle of the disruptions and threats of AI on businesses, workers, finance and economies We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Next Africa newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |

SpaceX’s First Earnings Report Was Better News for Rocket Lab Than SpaceX

The company’s first public report may matter more for Rocket Lab, Redwire, Planet Labs, and BlackSky

SpaceX’s First Earnings Report Was Better News for Rocket Lab Than SpaceX VIEW IN BROWSER  |  FOLLOW LUKE ON 𝕏 In May of 2019, Tesla (TSLA) was a $12 stock (split-adjusted). The company had just bled roughly $1 billion of cash in a single quarter – the latest installment in a free-cash-flow bonfire that had consumed some $24 billion since 2011. And after a furious Model 3 production ramp in late 2018, Wall Street took the early ‘19 delivery slump as a harbinger of doom. Yet, beneath all the noise, the machine kept whirring. Deliveries were scaling. Gigafactory Shanghai came online, with the first production vehicles rolling out less than a year after breaking ground. Tesla’s stock was falling, but its technology lead kept growing. Here’s what I wrote in June 2019: “All in all, not only is the Tesla growth narrative far from dead, but it’s about to get a lot better. As it does, I wouldn’t be surprised to see TSLA stock rally back towards $300.” You know what happened next. Within two years, TSLA stock rallied more than 20-fold, and the people who got paid weren’t the ones who were right about the quarter. They were the ones who were right about the decade. I bring this up because we just watched Elon Musk report earnings twice in two weeks – once at Tesla, and once at the newly public SpaceX (SPCX). Both reports carried the exact same growth profile: explosive top-line growth, ugly bottom-line optics, gargantuan capex, and a market of investors who can’t decide whether they’re looking at a money pit or the ground floor of an empire. Let’s break down both – and, more importantly, let’s talk about where I think the real torque is hiding. Tesla Earnings Show the Musk Reinvestment Blueprint Tesla’s second-quarter report on July 22 was like a study in contradiction. The top line was a monster. Revenue hit a record $28.2 billion, up 26% year-over-year – the company’s first real growth inflection in over a year – on a Q2-record 480,126 vehicle deliveries that blew past estimates. Energy storage deployments jumped more than 40% to 13.5 gigawatt-hours. Services revenue surged 50% to record profitability. And Tesla crossed $100 billion in trailing-twelve-month revenue for the first time in its history. Meanwhile, the bottom line? A mess. Operating income cratered 57% to just $398 million, compressing operating margins to a razor-thin 1.4%. Adjusted EPS of $0.33 badly missed the ~$0.51 consensus. Regulatory credits – once a reliable profit cushion – collapsed to $146 million from $439 million a year ago. Capex exploded 142% to $5.8 billion, and free cash flow swung negative by about $1.1 billion. So, which is it: a broken profit engine, or a company reinvesting everything into what comes next? Look at where the money went: Cybercab production starting at Giga Texas. Robotaxi operations now live in seven metro areas. First-generation Optimus production lines being installed. AI infrastructure spend ramping across the board. Tesla isn’t losing its profitability. It’s spending its profitability – aggressively and all at once – to fund the Physical AI era. Sound familiar? It should. Because Musk’s other trillion-dollar company just did the exact same thing. SpaceX Earnings: 92% Growth and an $18.4 Billion Spending Bill SpaceX’s first earnings report as a public company was, directionally speaking, everything the bulls could have asked for. Revenue surged 92% year-over-year to $7.8 billion. Adjusted EBITDA nearly tripled to $3.5 billion. Starlink subscribers doubled to 12 million. Enterprise and government connectivity revenue jumped 108%, and Starshield locked in more than $6 billion of new contracts. But the showstopper was AI. SpaceX’s AI revenue soared 247% to $2.6 billion, and the segment swung to $1.1 billion of positive adjusted EBITDA. Management has already signed another $6.7 billion of cloud business in Q3, with new compute investments paying back in under a year. The company expects compute capacity to exceed 2 gigawatts this year and approach 10 gigawatts by the end of 2027. The integrated space-connectivity-AI flywheel isn’t a slide-deck fantasy anymore. This quarter put real numbers behind it. Now, was it a clean “all clear” for the stock? No. SpaceX spent a staggering $18.4 billion in the quarter – $15.8 billion of it on AI – and expects similarly elevated capex for at least two more quarters. The company is still GAAP-loss-making. Some of those shiny cloud contracts contain easy exit clauses. And a looming insider-share unlock hangs over a stock that has been in free fall since its IPO. In other words, SPCX has the same fingerprint as TSLA – enormous growth, enormous spend, and near-term optics ugly enough to keep the tourists away. SPCX Stock Is a Time-Horizon Trade On a six-to-12-month horizon, these are frustrating stocks. Cash-flow optics are ugly. Execution risk is extreme. Every headline is a landmine. There are probably better places for short-term investors to park their money. Now, on a five-to-10-year horizon, this is exactly what empire-building looks like. Tesla in 2019 looked like a cash bonfire right up until it looked like the best trade of the decade. Musk’s companies have always traded today’s income statement for tomorrow’s market position – and history has, so far, rewarded the patient side of that trade. Your outlook on TSLA and SPCX will depend almost entirely on which of those two investors you are. But here’s the thing. I’m actually less interested in what SpaceX’s report said about SpaceX and far more interested in what it said about everyone else. Recommended Link Navellier Warns: This Could Leapfrog Elon’s SpaceX IPO Elon Musk just became the world’s first trillionaire thanks to the SpaceX IPO, which includes his signature AI model, Grok. But according to Louis Navellier, a radical new AI model will launch this year… over 1,000 times more powerful than Elon’s. And the company behind it could outperform SpaceX in the process. Click here for full details (including Louis’ new pick – free). What SpaceX Earnings Mean for Rocket Lab, Redwire, and Other Space Stocks SpaceX is already a trillion-dollar-plus company. Even in a raging bull market for space, its upside is governed by the law of large numbers. The smaller space stocks – Rocket Lab (RKLB), Redwire (RDW), Planet Labs (PL), BlackSky (BKSY), AST SpaceMobile (ASTS) – are not. In a bullish regime, those names carry dramatically more upside torque over the next 12 months. And this earnings report may have just flipped the regime back to bullish, because it put real, strong numbers behind the space economy bull thesis. Commercial space is graduating from being a speculative science project, to a scaled, economically viable infrastructure market with multi-billion-dollar profit potential. And with SpaceX progressing toward rapid Starship reusability, launch costs could collapse, unlocking an explosion in satellite deployments, constellation refreshes, orbital computing, and space-based services. Rocket Lab and Redwire: The Strongest Earnings Readthrough Rocket Lab and Redwire get the cleanest readthrough. For RKLB, SpaceX just validated the vertically integrated launch-and-space-systems model, accelerating constellation demand, and an enormous national-security opportunity – with Neutron positioned as a strategically important alternative to SpaceX itself. RDW may be an even purer picks-and-shovels play: more satellites, orbital data centers, and lunar infrastructure all mean more demand for Redwire’s power systems, components, and in-space infrastructure. Both stocks have been hammered 50%-plus over the past one to two months – and both charts are starting to act like they want to stage a serious comeback. They’re my favorites in the group right now. Planet Labs and BlackSky: Government Demand Is Expanding Planet Labs and BlackSky get a strong readthrough, too. Starshield’s $6 billion-plus in new awards confirms governments are racing to embrace commercial space architectures for communications, sensing, and intelligence. That supports PL’s daily Earth-data, sovereign-satellite, and defense businesses, and strengthens demand for BKSY’s high-frequency Gen-3 imagery and AI-powered intelligence platform. Yes, SpaceX’s expanding sensing ambitions create competitive risk, particularly for BKSY. But the bigger takeaway is that the addressable market for real-time space intelligence is growing fast enough to support multiple differentiated winners. Both stocks have also been decimated 50%-plus, and both charts are perking up. Also favorites. AST SpaceMobile: Validation With a Competitive Warning AST SpaceMobile is the one exception where the readthrough is mixed. SpaceX emphatically validated the enormous direct-to-device opportunity – but it also unveiled a much more aggressive Starlink Mobile roadmap built on next-gen satellites, owned spectrum, and terrestrial infrastructure. That intensifies the competitive threat to ASTS, even as AST retains real differentiation through its carrier partnerships, broadband-first architecture, and global spectrum position. It remains one of my favorite long-term plays in the group. However, between the competition risk and a rather mixed chart, the next few months could be choppy. The Bottom Line: Own the SpaceX Earnings Readthrough, Not Just the Rocket SpaceX is both the rising tide lifting the entire space economy and the shark swimming within it. That’s strongly bullish for infrastructure suppliers and differentiated platforms – and I like the dip-buy setups forming right now in RKLB, RDW, BKSY, and PL. But if I’m being honest with you, the most important takeaway from these two earnings reports isn’t any single stock. It’s the pattern that connects them. Tesla and SpaceX just showed us the same movie twice over: sacrifice the quarter, build the empire. Two trillion-dollar companies, run by the same man, pouring every available dollar into the same handful of converging technologies – AI, compute, energy, autonomy, orbit. That’s the blueprint. And it’s the reason I’ve spent the past several months digging into what I believe is the single biggest opportunity hiding inside the Musk universe… What happened when SpaceX finally hit the public market? Remember, it priced its IPO at $135 on June 12, raising roughly $75 billion at a $1.77 trillion opening valuation. Then SPCX stock ripped toward $226… before it gave back as much as 32% from the highs. On the one hand, tourists saw a broken IPO. On the other hand, I see a coiled spring. SpaceX president and chief operating officer Gwynne Shotwell has spoken openly about a convergence between SpaceX and Tesla – two Musk empires increasingly building toward the same future. Wall Street is already choosing sides on how far that convergence goes, with Wedbush pounding the table, and Oppenheimer pushing back. I believe that convergence points directly at what I call “XPANSE” – a project so big that Elon himself believes it could make early investors 1,000 times their money. It’s the same project that could help America eliminate a looming threat one high-ranking government official has dubbed “an economic apocalypse.” In my new briefing, I lay out the three steps you must take to get on the right side of this shift and give away the name and ticker symbol of an investment perfectly positioned to capitalize on it. Click here to check out the full briefing. Sincerely, Luke Lango Editor, Hypergrowth Investing P.S. Questions or comments about this issue? Drop us a line at langofeedback@investorplace.com.

Manage your account We hope this timely investment research is valuable to you. As you know the markets move fast and conditions change frequently. So please check the current issue for the most recent advice. Please note that we cannot be liable for any missed bulletins caused by overzealous filters. To ensure that you continue to receive this valuable part of your service please take a moment to add services@exct.investorplace.com to your address book. You can reach us at feedback@investorplace.com or by calling 1-800-219-8592. Too many emails? Click or tap Manage my subscription to unsubscribe from free newsletter emails or Unsubscribe from marketing to stop receiving marketing emails. InvestorPlace Media LLC 1125 N. Charles St, Baltimore, MD 21201 Copyright 2026 All rights reserved.

There was a time when a candy bar only cost 50 cents... Now the price of that same candy bar is exceptionally higher. Prices for many necessities only surged in the past couple decades.

Combat Sticky Inflation With This Industry  Ethan Goldman, analyst, Chaikin Analytics There was a time when a candy bar only cost 50 cents... Now the price of that same candy bar is exceptionally higher. Prices for many necessities only surged in the past couple decades. I’m talking about candy bars, shampoo, clothes, food, building materials... the list goes on.  In fact, I'm sure that many of our readers could send us pages of items that they remember being significantly cheaper. And unfortunately – prices will keep rising. While there's a lot that goes into inflation, one of the main drivers this year has been the rising cost of fuel. We're now five months deep into the Iran war. Not only did it bring the markets to the edge in March – it sent the price of fuel soaring across the country. And while gas prices have eased a bit since their latest peak in May, they remain elevated.  I'm not confident this conflict will wrap up anytime soon. And even if it does, restoring the flow of oil through the Strait of Hormuz won't be a quick task. Put simply, we're likely to be subject to elevated gas prices for the foreseeable future... But while we reach deeper into our wallets for gas money, one industry is beating earnings expectations left and right. And the stocks in this industry are making their investors wealthier by the day... Recommended Links: New Software Tool Can Identify Stocks BEFORE They Crash 20% Sixty-year stock market legend Marc Chaikin and investment-software expert Keith Kaplan just debuted an extraordinary software collaboration that could help you lock in multiple 100% to 300% potential gains in the final months of 2026 – even if markets crumble. It's a completely different investing approach designed specifically for volatile markets. Click here to see it in action. AI Investors Will Become the Ruling Class... (With a Catch) Owning AI stocks will NOT be enough. Tech expert Luke Lango says a brand-new opportunity could get you much closer to the money... Yet, 95% of Americans don't have a penny invested in it. To discover the BEST way to play the AI boom for the biggest potential payday, click here before midnight tonight. If You Can't Beat Them – Buy Their Stock Naturally, I'm talking about the oil, gas, and consumable fuels industry. This industry is "strong" in the Power Gauge today. That's no surprise given the rising price of fuel and the subsequent earnings beats I mentioned above... However, there's one specific company I want to zoom in on within the industry: HF Sinclair (DINO). Now, HF Sinclair struggled heading into 2026. The stock underperformed the S&P 500 Index between December and February. And its Chaikin Money Flow indicator almost entirely remained deep red during that time as well. But when the U.S. and Israel launched their joint strike on Iran, shares of HF Sinclair popped up 8%. Since that initial wave of strikes, the stock has grown a massive 66%. And it has been far ahead of the S&P 500 Index for most of that time. These gains more than offset the 3.5% year-over-year Consumer Price Index inflation... Just take a look at the price action here. The Power Gauge gave HF Sinclair two "buy" alerts right after the conflict broke out. On March 2, a "Money Flow Buy" alert and "Reversal Buy" alert flashed on the stock. These two alerts were the first buy signals for HF Sinclair in 2026. And they signaled the start of the stock's new growth phase. You see, HF Sinclair just beat its second-quarter earnings per share ("EPS") estimates of $4.49 per share by a solid $0.82. With performance like this, it makes sense that the Power Gauge loves HF Sinclair...   DINO Gets a 'Perfect' Power Gauge Rating Today, the Power Gauge gives HF Sinclair a "very bullish" rating. Folks, there aren't many stocks where every category gets the best possible rating. But the stock grew quite rapidly after the war broke out. So I wouldn't be shocked if the stock takes a temporary breather in the coming weeks. In the long term, the Power Gauge says HF Sinclair is well positioned to continue its growth. And as investors – we're always looking for opportunities to keep growing our wealth. Especially as the world gets increasingly expensive... HF Sinclair is just one example of the Power Gauge flagging strong stocks before they soar higher. As we enter the final stretch of the year, I'll keep using this powerful system to bring these opportunities to our readers. Good investing, Ethan Goldman Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral       Bearish Dow 30 +0.44% 13 12 6 S&P 500 -0.20% 133 281 83 NASDAQ -0.90% 27 58 19 Small Caps -0.64% 662 1066 319 Bonds +0.22%   Metals and Mining +3.76% 11 14 14 — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are Bullish. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Information Technology +11.61% Discretionary +6.30% Industrials +5.49% Financial +2.33% Materials +1.74% Communication +1.24% Health Care -1.25% Real Estate -1.65% Energy -2.28% Staples -2.32% Utilities -2.78% *  *  *  * Industry Focus Oil & Gas Exploration & Production 13 37 1 Over the past 6 months, the Oil & Gas Exploration & Production subsector (XOP) has outperformed the S&P 500 by 3.18%. Its Power Bar ratio which measures future potential is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #5 of 21 subsectors and has moved down 1 slots over the past week. Top Stocks CHRD Chord Energy Corporation CLMT Calumet, Inc. DINO HF Sinclair Corporation *  *  *  * Top Movers Gainers CRL +11.36% IFF +8.88% AIZ +7.20% NEM +6.71% BKNG +6.56% Losers PODD -20.12% DVA -17.24% CDW -9.03% AMD -7.04% EOG -6.47% *  *  *  * Earnings report Earnings Surprises BATRK Atlanta Braves Holdings, Inc. Q2 $-0.19 Missed by $-0.55 ELF e.l.f. Beauty, Inc. Q1 $1.75 Beat by $1.03 ARQT Arcutis Biotherapeutics, Inc. Q2 $0.11 Beat by $0.06 DK Delek US Holdings, Inc. Q2 $5.48 Beat by $2.84 GLXY Galaxy Digital Inc. Q2 $-0.09 Beat by $0.19 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at reunisoft.cryptonews@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized financial advice. © 2026 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com. Any brokers mentioned constitute a partial list of available brokers and is for your information only. Chaikin Analytics, LLC, does not recommend or endorse any brokers, dealers, or investment advisors. Chaikin Analytics forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Chaikin Analytics, LLC (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.