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Celestica (CLS) Climbs 24.6%, Rides Broadcom Boom

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We recently published 10 Big Names With Double-Digit Upsides. Celestica Inc. (NYSE:CLS) is one of last week’s top performers.

Celestica saw its share prices soar by 24.6 percent week-on-week, as investor optimism from semiconductor giant Broadcom Inc. spilled over to its stock.

During the trading week, Celestica Inc. (NYSE:CLS) rallied for four straight days to touch a fresh 52-week high of $257.4 on Friday before trimming gains to end the day at $242.68.

Celestica (CLS) Climbs 24.6%, Rides Broadcom Boom
Celestica (CLS) Climbs 24.6%, Rides Broadcom Boom

Friday’s session mirrored the rally in shares of Broadcom, one of its largest customers, after the latter reported stellar earnings performance and clinched a new $10-billion custom chip supply deal with OpenAI.

Optimistic investors highly anticipated the new deal to largely benefit Celestica Inc. (NYSE:CLS) in terms of revenues, having been a longtime manufacturing and supply chain partner of the semiconductor giant.

In recent news, Celestica Inc. (NYSE:CLS) announced a 122-percent jump in its net income in the second quarter of the year, at $211 million versus $95 million in the same period last year. Revenues grew by 21 percent to $2.89 billion from $2.39 billion year-on-year.

For full-year 2025, Celestica Inc. (NYSE:CLS) raised its revenue growth outlook to $11.55 billion from the $10.85 billion expected previously, while that for the third quarter was pegged at a range of $2.875 billion to $3.125 billion.

While we acknowledge the potential of CLS  as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

Best and worst-performing NHS Trusts in England named

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New league tables rating the performance of NHS trusts in England have been published for the first time, with specialist hospitals taking the top slots.

Number one is Moorfields Eye Hospital NHS Foundation Trust, followed by the Royal National Orthopaedic Hospital NHS Trust, and the Christie NHS Foundation Trust.

At the bottom is Queen Elizabeth Hospital, King’s Lynn, which has had major problems with its buildings because of structural weaknesses and the need for props to hold up ceilings.

Health Secretary Wes Streeting said the tables will identify where “urgent support is needed”.

“Patients know when local services aren’t up to scratch,” he said, “and they want to see an end to the postcode lottery – that’s what this government is doing.”

The public will be able to check out the performance of their local hospital, ambulance service or mental health trust.

Trusts in England are ranked every three months and placed in four categories – with the top performers given more power over how they spend their money and those lower down encouraged to learn from the best trusts and receive support from national officials.

A spokesperson for the Queen Elizabeth Hospital said: “Our patients deserve the highest standards of care, and we are sorry that in some of our performance areas… we have fallen short. Immediate steps are being taken to address the issues.”

But NHS Providers, representing trusts, said there were question marks over whether the league tables were accurately identifying the best performing organisations.

Chief executive Daniel Elkeles said: “For league tables to really drive up standards, tackle variations in care, and boost transparency, they need to measure the right things, be based on accurate, clear and objective data and avoid measuring what isn’t in individual providers’ gift to improve.

“Then they will drive improvement and boost performance. Anything less could lead to unintended consequences, potentially damaging patient confidence in local health services, demoralising hardworking NHS staff and skewing priorities.”

The Department of Health said that from next year the best performing trusts would have more freedom to develop services around local needs while those facing challenges would receive “enhanced support” with their bosses held accountable with their pay reduced because of poor performance.

The highest rated leaders will be offered bigger pay packets to try to turn around struggling trusts.

The metrics used to draw up the rankings include patient waiting times for planned treatment and A&E care and also the financial performance of the trust. It is possible that a hospital rated highly for clinical care will be marked down if they are running up a larger than expected deficit.

Thea Stein, chief executive of the Nuffield Trust think thank, said it was understandable that the government was focussed on winning back public trust but added a note of caution.

“There’s a risk that trusts will focus only on the measures that immediately boost their ranking, even if it’s not necessarily best for patients,” she said. “As finances have a particular sway on the rankings, this is of limited use for patients trying to choose the best hospital for their care.”

Chris McCann from Healthwatch England said any league table must inform and not confuse people.

“It will be essential that the new dashboard clearly communicates the information that is most important to patients and that it is as accessible as possible,” he said.

Trump suggests 'a little fight with the wife' shouldn't count in DC crime stats

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President Trump on Monday suggested that “a little fight with the wife” should not count when it comes to Washington, D.C., crime statistics amid his crackdown in the nation’s capital.

“Can you imagine our capital being the most violent city? But it was — it was really bad, into a totally safe zone. It’s called a safe zone city. There’s no crime. They said, ‘Crime’s down 87 percent,’ I said, ‘No, no, no, it’s more than 87 percent, virtually nothing,’” Trump said during an event at the Museum of the Bible in D.C.

“And much lesser things, things that take place in the home, they call crime,” he added. “You know, they’ll do anything they can to find something. If a man has a little fight with the wife, they say, ‘This was a crime, see?’ So, now I can’t claim 100 percent.”

His comments were part of a speech he delivered at the Religious Liberty Commission’s meeting on Monday.

Trump last week declared the District a “crime free zone” and pushed for more cities run by Democrats to collaborate with his administration to lower the crime rate in their areas.

The president touted the “very popular” D.C. Mayor Muriel Bowser (D) in a post on Truth Social and pressed other Democrats to follow her lead in accepting federal support.

“Wow! Mayor Muriel Bowser of D.C. has become very popular because she worked with me and my great people in bringing CRIME down to virtually NOTHING in D.C.,” Trump said in the post. 

“Her statements and actions were positive, instead of others like Pritzker, Wes Moore, Newscum, and the 5% approval rated Mayor of Chicago, who spend all of their time trying to justify violent Crime, instead of working with us to completely ELIMINATE it, which we have done in Washington, D.C., NOW A CRIME FREE ZONE,” he added.

Bowser at a press conference this month, stressed the need for more police officers in the city, saying the federal surge has given Metropolitan Police Department (MPD) officers the added support they have long needed. But she also indicated the presence of masked Immigration and Customs Enforcement (ICE) agents and out-of-town National Guard troops around the city was “not working.”

Democrats and some residents have protested the president’s D.C. crime crackdown, which came a few months after a similar use of federal force in Los Angeles.

Trump and other officials in his administration have also teased the possibility of federal law enforcement intervention in Chicago and other Democratic-run cities.

During his Monday remarks, Trump said he didn’t know why “why Chicago isn’t calling us saying, please give us help.” His comments come as DHS has launched its latest immigration crackdowntargeting Chicago.

Scott Galloway and Ramit Sethi dispel money myths that hold Americans back from building real wealth

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Ramit Sethi and Scott Galloway chat during a podcast interview in 2024.
The Prof G Show / YouTube

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Scott Galloway, a serial entrepreneur and NYU professor, recently interviewed Ramit Sethi, bestselling author of “I Will Teach You To Be Rich” on his podcast “The Prof G Show”.

The two experts set out to dispel common financial myths that can hold Americans back from realizing their wealth goals.

For example, when asked whether owning a home is essential for “being rich,” Sethi replied, “no, not necessarily.” His unconventional advice for achieving wealth deviates from mainstream financial guidance and popular belief.

Nearly 40% of Americans believe real estate is the best long-term investment, yet Sethi, a self-proclaimed multi-millionaire, doesn’t own a home.

So, what gives?

This topic is just one of many Sethi addresses — so here are three tips that can be gleaned from his hour-long chat with fellow finance celeb Scott Galloway.

Buying a home is often seen as a quintessential piece of the American dream, and Sethi, who often faces backlash for his stance, remarks, “in America, real estate is religion—and if you dare to question it, you enrage millions of people.”

This is likely due to the fact that 62% of Americans have a mortgage. But currently, home prices are continuing to rise and mortgages rates are still hovering above 6%, and nobody wants to feel tethered to a debt that may not result in long-term asset growth.

If the numbers don’t add up for you, there are still ways to benefit from the U.S. real estate market that you can act on right now.

Not only can you access real estate growth without owning a home, you can also invest in real estate without needing to take on the role of landlord. And that’s ideal in plenty of ways, given the cumbersome elements of maintenance, upkeep, and admin required when you’re managing an investment property yourself.

For instance, for a minimum investment of $50,000, First National Realty Partners (FNRP) offers access to $2 billion worth of high-quality commercial real estate properties leased by major retailers like Walmart and Whole Foods.

Syria accuses Israel of carrying out air strikes

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Israel has carried out air strikes in the central and western parts of Syria, the country’s state news agency said on Monday night.

Syria’s Foreign Ministry condemned the air strikes as “a blatant infringement” of its sovereignty and regional stability, Reuters reported.

There was no immediate comment from Israel. Previously the defence minister Israel Katz said, “forces are operating in all combat zones day and night for the security of Israel”.

Israel has carried out dozens of attacks across Syria after the fall of ex-President Bashar al-Assad in December, which saw an Islamist-led government set up by former rebels.

Israel said at the time it was acting to stop weapons falling “into the hands of extremists”.

Attacks were reported near Homs and Palmyra, as well as on the coastal city of Latakia, Sana said late on Monday.

Britain-based war monitor the Syrian Observatory for Human Rights (SOHR) said “the Israeli strike near Homs targeted a military unit south of the city”.

There’s been no word on casualties.

This year, Israel has conducted 97 attacks – 86 air strikes and 11 land operations – according to the SOHR.

Sana reported earlier this month that Israeli soldiers detained seven people in the southern province of Quneitra, whom the Israeli army said at the time were “suspected of terrorist activity”.

In July, Israel bombed Syrian government forces around Suweida in the country’s south as the army entered the predominantly Druze city following deadly sectarian clashes.

Pentagon sets its sights on Puerto Rico in combatting cartels

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