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TORONTO, May 4, 2026 /CNW/ - Global X Investments Canada Inc. ("Global X") today announced changes to the risk ratings applicable to five of its ETFs. The changes in risk ratings are effective immediately and are detailed in the table below:ETFTickerPrevious Risk RatingNew Risk RatingGlobal X Equal Weight U.S. Banks Index ETFUBNKMedium to HighHighGlobal X Equal Weight U.S. Groceries & Staples Index ETFUMRTMediumMedium to HighGlobal X Defence Tech Index ETFSHLDMedium to HighMediumGlobal X Enhanced Equal Weight Canadian Telecommunications Covered Call ETFRNCLMediumMedium to HighGlobal X Enhanced Russell 2000 Covered Call ETFRSCLMedium to HighHighThese changes are the result of an annual review

Lockheed Martin Corporation (NYSE:LMT) delivered the first of eight C-130J-30 Super Hercules tactical airlifters to Ohio’s Youngstown Air Reserve Station, marking the introduction of the aircraft’s new aerial spray mission capability. The 910th Airlift Wing operates the Department of Defense’s only large-area, fixed-wing aerial spray capability to control disease-carrying insects and disperse oil spills. The versatile C-130J Super Hercules now supports 19 mission capabilities, including this unique aerial spray function. The U.S. Air Force Reserve’s fleet includes both C-130Js and legacy aircraft. Adding the C-130J Super Hercules enhances readiness with extended reach and improved m

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower in the morning session on Wednesday. According to Benzinga Pro, PLTR stock has gained 74% in the past six months. However, the latest downfall comes after Mizuho analyst Matthew Broome downgraded Palantir from Neutral to Underperform but raised the price target from $21 to $22. Investors can gain exposure to the stock via REX AI Equity Premium Income ETF (NASDAQ:AIPI) and Global X Funds Global X Defense Tech ETF(NYSE:SHLD). Also Read: Is Palantir Stock The ‘Most Underrated AI-Exposed Play In The Market’? Palantir’s results for its second quarter ended June 30, 2024 will be released on Monday, August 5, 2024, followin

Lockheed Martin Corporation (NYSE:LMT) shares are trading higher today. The Pentagon will reportedly resume accepting new F-35s next week. As per a report issued Wednesday, the service plans to select the builder of its next fighter jet later this year. Gen. Kenneth Wilsbach, the head of Air Combat Command, said during an event on Wednesday, “Right now we’re very much focused on the TR-3 upgrade, software upgrade, to the [F-35] jet. And as you know, Lockheed Martin had some issues with stability of that software package.” “So we’ve held up signing the jets over to the Air Force for the last few months. And so we’re very much focused on unwinding that hold up. And I’m hopeful that th

Palantir Technologies Inc. (NYSE:PLTR) has been likened to the Argentine professional footballer Lionel Messi of the artificial intelligence world by a prominent analyst. What Happened: Dan Ives, the managing director at Wedbush, made the comparison in an interview with Yahoo Finance on Friday. He described Palantir as the “Messi of AI … probably the most underestimated AI play, maybe tech play, in the market today.” $PLTR is "the [Lionel] Messi of AI," Wedbush managing director @DivesTech says, adding: "It continues to be probably the most underestimated AI play, maybe tech play, in the market today." pic.twitter.com/t4qQgmokaw— Yahoo Finance (@YahooFinance) May 30, 2024 Palanti

Palantir Technologies Inc (NYSE:PLTR) shares are trading higher Thursday after winning a $480 million Army contract for the Maven Smart System prototype. The MSS leveraged AI-generated algorithms and memory learning capabilities to identify enemy systems. The stock is up on Thursday. Recently, CNBC's Jim Cramer snubbed Palantir, citing a lack of transparency regarding the services it provides to the government. Also Read: Cathie Wood's Ark Invest Swoops In To Buy The Palantir Dip — Purchases Stock Worth $29M — Offloads Coinbase Shares Worth Over $15M Amid Softening Bitcoin Price In May, Palantir reported first-quarter revenue growth of 21% year-over-year to $634.0 million, which

Huntington Ingalls Industries Inc (NYSE:HII) shares are trading lower after it reported first-quarter FY24 results. Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the consensus of $2.79 billion. Revenues by segments: Ingalls Shipbuilding $655 million (+13.5% Y/Y), Newport News Shipbuilding $1.43 billion (-4.8% Y/Y) and Mission Technologies $750 million (+20.2% Y/Y). EPS of $3.87, up 19.8% Y/Y, beat the consensus of $3.49.  Operating income increased 9.2% Y/Y to $154 million, and the margin expanded by 22 bps Y/Y to 5.5%. Segment operating income was $170 million (+9.0% Y/Y), and the margin was 6.1%, up 23 bps Y/Y. Huntington Ingalls's operating cash

General Dynamics Corp (NYSE:GD) shares are trading lower after the company reported first-quarter FY24 results. Revenue grew 8.6% Y/Y to $10.73 billion, beating the consensus of $10.32 billion.  Revenue by segments: Aerospace $2.08 billion (+10.1% Y/Y), Marine Systems $3.33 billion (+11.3% Y/Y), Combat Systems $2.10 billion (+19.7% Y/Y) and Technologies $3.21 billion (-0.8% Y/Y). The company ended the quarter with a $93.7 billion backlog, up 4.4% Y/Y. The consolidated book-to-bill ratio was 1 to 1 for the quarter. In the Aerospace segment, orders in the quarter totaled $2.4 billion, growing backlog to $20.5 billion (up 6.2% Y/Y). Aerospace book-to-bill was 1.2-to-1 for the quarte

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher on Friday. Yesterday, the company inked a pact with Oracle Corporation (NYSE:ORCL) to provide secure cloud and AI solutions to power businesses and governments worldwide.  As part of the agreement, Palantir will move Foundry workloads to Oracle Cloud Infrastructure.  "Palantir and Oracle are both dedicated to defending western interests and institutions around the world," said Josh Harris, executive vice president of Palantir.  Oracle's distributed cloud and AI infrastructure, paired with Palantir's top AI and decision acceleration platforms, aims to optimize data value, and competitive edge, according to a press re

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher on Thursday. The company inked a pact with Oracle Corporation (NYSE:ORCL) to provide secure cloud and AI solutions to power businesses and governments worldwide.  As part of the agreement, Palantir will move Foundry workloads to Oracle Cloud Infrastructure.  “Palantir and Oracle are both dedicated to defending western interests and institutions around the world,” said Josh Harris, executive vice president of Palantir.  Oracle’s distributed cloud and AI infrastructure, paired with Palantir’s top AI and decision acceleration platforms, aims to optimize data value, and competitive edge, according to a press release.

Palantir Technologies Inc. (NYSE:PLTR) received a contract from the Defense Information Systems Agency (DISA) on Friday. Notably, Palantir won the contract to deliver an Electromagnetic Battle Management – Joint Decision Support (EMBM-J DS) prototype.  The prototype Other Transaction Authority (OTA) Agreement contract is worth $9.8 million over twelve months. The contract will provide the Department of Defense with an advanced software capability to support Joint Electromagnetic Spectrum Operations (JEMSO).  Betsy Park, EMBM-J program manager, said, “The ability to ingest component-level courses of action and schemes of maneuver into an overall joint plan and evaluate the associa

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower on Thursday in the premarket session. The company has inked an agreement with The Ministry of Education and Science of Ukraine to boost the education system and ensure the maximum number of children have access to safe in-person learning. The deal, spanning 12 months, backs Ukraine’s School Offline program, enhancing safe educational access for 300,000 more students. “Today’s agreement reinforces Palantir’s steadfast support for Ukraine, building on the use of our software to support the military effort, the resettlement of those forced to flee abroad, the investigation into war crimes and critical demining efforts,” Lo

Starboard Value LP (together with its affiliates, "Starboard" or "we") is the largest shareholder of Algonquin Power & Utilities Corp. (NYSE:AQN) (TSE: AQN) ("Algonquin" or the "Company") with an ownership stake of approximately 9.0%. Today, Starboard announced that it has nominated three highly qualified candidates (the "Starboard Nominees") for election to the Company's Board of Directors (the "Board") at the 2024 Annual General Meeting of Shareholders (the "Annual Meeting"), which has been scheduled for June 4, 2024. The Starboard Nominees are Brett Carter, Chris Lopez and Rob Schriesheim. In connection with its nominations, Starboard sent the below letter to the members of the Board.

Mizuho analyst Gregg Moskowitz maintained Palantir Technologies Inc (NYSE:PLTR) with a Neutral and raised the price target from $18 to $21. Palantir disclosed today that it has won a $178 million two-year contract extension from the ACC Aberdeen Proving Ground (or APG, the U.S. Army’s primary site for conducting research, evaluating, and developing specialized material).  In particular, Palantir has agreed to develop further and build the Tactical Intelligence Targeting Access Node (TITAN) ground station system, the Army’s next-generation deep-sensing technologies powered by advanced AI/ML.  Also Read: Palantir Teams Up with Ukraine to Digitize Land Demining Efforts Using Advanced A

Peter Thiel co-founded US data analytics firm Palantir Technologies Inc (NYSE:PLTR) has partnered with the Ministry of Economy of Ukraine to implement a digital approach to demining, utilizing Palantir’s AI-enabled software.  This collaboration aims to make 80% of potentially contaminated land in Ukraine, the world’s most mined country, usable within ten years.  The agreement focuses on digitizing humanitarian demining operations, enhancing digital capabilities for land release coordination, and leveraging Palantir’s Artificial Intelligence Platform (AIP) for decision-making in mine action. During a pilot phase last year, Palantir and the Ministry developed a software solution that

The tech industry is witnessing a transformation as significant as the advent of the Internet in the 1990s, with artificial intelligence (AI) at the forefront of this seismic shift, according to Wedbush. Analysts at Wedbush have drawn a striking analogy to describe the impact of AI, likening a standout company in the AI arena to football legend Lionel Messi, while still labelling NVIDIA Corp.‘s (NASDAQ:NVDA) Jensen Huang as the pioneering ‘Godfather of AI.’ Rise Of AI Investments Daniel Ives and his team at Wedbush predict a surge in technological investments towards AI in the coming decade. This anticipation stems from the evident monetization of AI technologies, as demonstrated i

Victory Portfolios II today announced plans to liquidate the VictoryShares Protect America ETF (SHLD) and the VictoryShares Top Veteran Employers ETF (VTRN) (together, the "ETFs"). The decision to liquidate the ETFs was the result of the Company's regular review of its product lineup to ensure it is best meeting client needs. Shareholders of the ETFs may sell their holdings on the Nasdaq Stock Market prior to the close of trading on October 11, 2021, and customary brokerage charges may apply to these transactions. The ETFs will cease trading at the end of the trading day on October 11, 2021. The ETFs will liquidate on or about October 15, 2021. Any person holding shares of the ETFs as of t