Coinbase (NASDAQ:COIN) shares are down 6% intraday, trading near $199 in early action Friday after a prior close of $212.01. The slide is unwinding a chunk of Thursday’s regulatory-optimism rally in digital asset names. Strategy (NASDAQ:MSTR), formerly known as MicroStrategy, is sliding 5% intraday to roughly $177, from a prior close of $186.97. Strategy stock ... Coinbase Slumps 6%, Strategy Slid...
Coinbase (NASDAQ:COIN) shares are down 6% intraday, trading near $199 in early action Friday after a prior close of $212.01. The slide is unwinding a chunk of Thursday’s regulatory-optimism rally in digital asset names. Strategy (NASDAQ:MSTR), formerly known as MicroStrategy, is sliding 5% intraday to roughly $177, from a prior close of $186.97. Strategy stock ... Coinbase Slumps 6%, Strategy Slides 5% in Digital Asset Stocks Rout
alberto clemares expósito/iStock via Getty Images The current market rally reminds me of two other times when stocks had just hit record highs, and I'm talking about 1999, as well as 2007. It reminds me of 1999, because of the surge in tech stocks that occurred at that time due to investor enthusiasm over the Internet revolution which helped to fuel a Dotcom bubble. For many investors, the future ...
alberto clemares expósito/iStock via Getty Images The current market rally reminds me of two other times when stocks had just hit record highs, and I'm talking about 1999, as well as 2007. It reminds me of 1999, because of the surge in tech stocks that occurred at that time due to investor enthusiasm over the Internet revolution which helped to fuel a Dotcom bubble. For many investors, the future looked limitless and they were willing to pay up for it. That resulted in a bubble burst in 2000, which seemed to catch many investors off guard. Right now the market also reminds me of 2007, because the stock market hit a record high that year, home prices had surged and created significant wealth, and the Fed had started to lower interest rates. Everything seemed to be going quite well. As such, most investors appeared to be caught off guard by the sudden change in the economy which turned into the Great Financial Crisis or "GFC". I see 1999 and 2007 and 2026 as having a number of commonalities, and this includes euphoric investors, extremely high asset prices, excessive debt being used to buy assets like stocks and homes, and signs of speculative excess. Based on this, I believe we have all the ingredients for a major stock market and economic downturn which will reset asset values to much lower levels, just as was the case when stock and home price bubbles burst in 2000, and 2008. I know that a lot of investors feel that the chance of a recession is slim to none, but that was also the prevalent belief in 1999 and 2007. I believe the chances of a recession are very high now—let me show you why: Asset Prices From Homes To Stocks Have Become Distorted Due To Years Of Easy Money And Debt Ever since the GFC, there has been a series of what I view as being extreme and unprecedented levels of stimulus and easy money policies. For example, the Federal Reserve lowered interest rates to nearly zero during the GFC and then again during the Covid pandemic. This resulted in very low...
Man admits to coating relic in concrete after taking it from church because he objected to it being displayed, police say Czech police have found the skull of a 13th-century saint, days after it was stolen from a church in the north of the country. Police said they had arrested a suspect, who they said admitted to taking the skull of Saint Zdislava of Lemberk from a glass shrine in the basilica of...
Man admits to coating relic in concrete after taking it from church because he objected to it being displayed, police say Czech police have found the skull of a 13th-century saint, days after it was stolen from a church in the north of the country. Police said they had arrested a suspect, who they said admitted to taking the skull of Saint Zdislava of Lemberk from a glass shrine in the basilica of St Lawrence and St Zdislava in the town of Jablonné v Podještědí on Tuesday. Continue reading...
Cuts of beef are displayed at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday from the nation's top economists. Consumer price inflation is projected to hit 6% for the first quarter, according to the Survey of Professional Forecasters, a blue-ribbon gr...
Cuts of beef are displayed at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday from the nation's top economists. Consumer price inflation is projected to hit 6% for the first quarter, according to the Survey of Professional Forecasters, a blue-ribbon group that is polled each quarter by the Federal Reserve Bank of Philadelphia. In the most recent forecast three months ago, the panel put the expected consumer price index gain at just 2.7%. However, that was just before the U.S. and Israel launched attacks against Iran, hostilities that have sent energy prices soaring while pushing inflation data well past the 2% mark the Fed targets. For the full year, the panel put the CPI rate at 3.5% for the all-items number and 2.9% for core, which excludes volatile food and energy prices. That's up from estimates of 2.6% for both in the prior survey. Elevated inflation levels are expected to persist into the third quarter, with headline CPI projected at 3% and core at 2.9%. Both levels are expected to ease by the end of the year, with the fourth quarter at 2.5% and 2.7% respectively. Still, the panel doesn't see the Fed hitting its goal well into the future. The 10-year projected annual average is at 2.4%, which the survey notes would be equivalent to 2.22% by the Fed's preferred standard, the personal consumption expenditures price index, a Commerce Department measure. The PCE inflation rates also are expected to hold well above the Fed's comfort zone, though at not as a high a level as the consumer price index, a Bureau of Labor Statistics compilation. Headline PCE inflation is projected at 4.5% for the second quarter with core at 3.4%, compared to prior estimates of 2.7%. The survey follows a slew of inflation data showing that prices paid both at the consumer and wholesale levels hit multiyear highs in April. Headline CPI showed i...
Peugeot and Jeep, owned by French-Italian automotive group Stellantis, have committed to fresh investments to build electric cars with its partner Dongfeng Motor, as more international marques join the fight against Chinese rivals in the world’s largest car market. Stellantis announced on Friday that four electric vehicles (EVs) under the two storied auto brands would roll off the production lines...
Peugeot and Jeep, owned by French-Italian automotive group Stellantis, have committed to fresh investments to build electric cars with its partner Dongfeng Motor, as more international marques join the fight against Chinese rivals in the world’s largest car market. Stellantis announced on Friday that four electric vehicles (EVs) under the two storied auto brands would roll off the production lines in 2027 as the European carmaker leverages Chinese technologies to assemble best-class cars for the...
PM Images/DigitalVision via Getty Images Overview There is an abundance of real estate funds out there for investors to choose from. However, the Nuveen Real Estate Income Fund ( JRS ) offers investors a way to collect a high yield while also getting diversified exposure across the real estate sector. When I previously covered JRS, I issued a hold rating due to the NAV deterioration over the last ...
PM Images/DigitalVision via Getty Images Overview There is an abundance of real estate funds out there for investors to choose from. However, the Nuveen Real Estate Income Fund ( JRS ) offers investors a way to collect a high yield while also getting diversified exposure across the real estate sector. When I previously covered JRS, I issued a hold rating due to the NAV deterioration over the last few years. Since that last coverage, JRS has released an updated annual report and the interest rate environment has shifted, so I wanted to revisit the fund's overall value proposition going forward. When I previously covered JRS, the fund traded at a discount to NAV of 6.84%. Following the slight change in price since then, JRS now trades at a larger discount to NAV of 9.76%. So despite the real estate sector lagging behind the rest of the market, JPS's valuation is a bit tricky. For instance, the fund trades at the lower end of its historical price to NAV valuation. For reference, JRS has traded at an average discount to NAV of 7.7% over the last five years. So while the discount has widened, it is also a direct reflection of the challenges that JRS continues to face. CEF Data Although the NAV growth has struggled and the fund underperforms peers, I think that JRS is aligned to participate in a renewed growth catalyst. The rise of AI has increased demand for the build out of AI infrastructure, which has mainly been through data centers. JRS provides direct exposure to high quality positions that are capable of participating in this upside growth. However, interest rates still play a major role in the health of the fund. The use of leverage and elevated costs of debt may chew into the earnings growth of JRS over time. Fund Strategy According to the latest overview , JRS now has total managed assets of $339.1M. The fund has a primary objective of generating a high current income while also capturing some capital appreciation when possible. In order to achieve this goal, th...
Shares of truck broker and third-party logistics provider C.H. Robinson Worldwide have had a rough few weeks, beset by all sorts of problems from artificial intelligence to Amazon.com to the Supreme Court. Recent declines have made shares look more attractive to a couple of Wall Street analysts. The problems started in February when a small company, Algorythm Holdings, said its AI tools could orga...
Shares of truck broker and third-party logistics provider C.H. Robinson Worldwide have had a rough few weeks, beset by all sorts of problems from artificial intelligence to Amazon.com to the Supreme Court. Recent declines have made shares look more attractive to a couple of Wall Street analysts. The problems started in February when a small company, Algorythm Holdings, said its AI tools could organize shipping better than traditional truck brokers.
The market has been anything but subtle in its treatment of Microsoft (NASDAQ:MSFT) in 2026. Shares have shed more than 15% year-to-date, closing at $409.43 yesterday as investors fret about AI competition from Google and Amazon (NASDAQ:AMZN) and recoil from the company’s eye-popping $190 billion capital spending plan for the year. When a stock gets ... Bill Ackman Just Bought Microsoft Stock — He...
The market has been anything but subtle in its treatment of Microsoft (NASDAQ:MSFT) in 2026. Shares have shed more than 15% year-to-date, closing at $409.43 yesterday as investors fret about AI competition from Google and Amazon (NASDAQ:AMZN) and recoil from the company’s eye-popping $190 billion capital spending plan for the year. When a stock gets ... Bill Ackman Just Bought Microsoft Stock — Here’s Why It Could Be His Biggest Bet Yet
FabrikaCr Wall Street’s major market averages dropped lower on Friday as tech stocks fell and U.S. Treasury yields marched higher following the U.S.-China summit ending. The blue chip Dow ( DJI ) was -0.7%, the benchmark S&P 500 ( SP500 ) was -0.9%, and the tech focused Nasdaq Composite ( COMP:IND ) was -1.2%. On a sector-by-sector basis, nine of the 11 S&P segments were down in the red, with mate...
FabrikaCr Wall Street’s major market averages dropped lower on Friday as tech stocks fell and U.S. Treasury yields marched higher following the U.S.-China summit ending. The blue chip Dow ( DJI ) was -0.7%, the benchmark S&P 500 ( SP500 ) was -0.9%, and the tech focused Nasdaq Composite ( COMP:IND ) was -1.2%. On a sector-by-sector basis, nine of the 11 S&P segments were down in the red, with materials suffering the most. At the other end of the spectrum, energy has been the strongest area on the session. Investors will continue to watch for further developments around the U.S.-China summit after the second round of talks concluded today. Chinese President Xi also warned U.S. President Donald Trump that tensions over Taiwan could lead to direct clashes between the U.S. and China. U.S. Treasury yields jumped higher across the curve. The 10-year Treasury yield ( US10Y ) rose 9 basis points to 4.57%, the 2-year Treasury yield ( US2Y ) climbed 5 basis points to 4.07%, and the 30-year Treasury yield ( US30Y ) added 9 basis points to 5.12%. “While it may be difficult for incoming Fed Chair Warsh to cut interest rates in the near-term given the hot economic and inflation data, we believe the markets can withstand this, and can still move higher even if the Fed stays on hold through year-end,” Rick Gardner, chief investment officer, of RGA Investments, stated. As for stocks that were on the move, shares of DexCom ( DXCM ) pushed higher by 5.5%, while shares of Ford Motor Company ( F ) fell 7.2%. More on markets Dividend Roundup: Chevron, 3M, Lockheed Martin, Carnival Corporation, and more Wall Street rally masks rising number of oversold S&P 500 stocks Treasury yields surge toward one-year highs as inflation fears grip Wall Street Top 20 stocks fueling the S&P 500 north of 7,500 Dow crosses 50K and these 10 names have been the index's YTD leaders
Sundry Photography/iStock Editorial via Getty Images Arista Networks ( ANET ) was upgraded to Outperform from Market Perform by Raymond James as the company expands into new applications like scale-across and gains share in the AI-backend and campus. "In addition, we see thematic AI growth vectors emerging that play to Arista's strengths: inference and reasoning workloads, MoE/expert-parallel mode...
Sundry Photography/iStock Editorial via Getty Images Arista Networks ( ANET ) was upgraded to Outperform from Market Perform by Raymond James as the company expands into new applications like scale-across and gains share in the AI-backend and campus. "In addition, we see thematic AI growth vectors emerging that play to Arista's strengths: inference and reasoning workloads, MoE/expert-parallel models, and larger, more distributed AI clusters are increasing the volume, burstiness, and unpredictability of east-west traffic," said Raymond James analysts, led by Simon Leopold, in a Friday investor note. "This raises the value of network intelligence from Arista, including RDMA-aware load balancing, congestion management, high-frequency telemetry, and job-level observability." Raymond James also set a $164 price target on the stock. Arista's scale-across solution, which adds complexity to extend a training cluster across a wide area network, has likely led to new wins with Meta ( META ) and Google ( GOOG )( GOOGL ), according to the financial firm. AMD's ( AMD ) growth also proves positive for Arista as it supplies switches for the semiconductor giant. "Supply chain challenges limit upside to 2026, but the silver lining might be better growth in 2027," Leopold added. "Management has declined to disclose which suppliers have struggled, and its reference to 'de-commits' referred to delays and not cancellations. Industry checks and investor feedback suggest Broadcom ( AVGO ) chips may present a constraint. Other factors include fab capacity, wafers, optics, printed circuit boards, etc." More on Arista Networks Arista Networks, Inc. (ANET) Presents at 21st Annual Needham Technology, Media, & Consumer Conference Transcript Arista Networks, Inc. (ANET) Q1 2026 Earnings Call Transcript Arista Networks, Inc. 2026 Q1 - Results - Earnings Call Presentation Arista falls after Q1 results as analysts mull supply constraints Arista outlines 27.7% 2026 revenue growth to $11.5B while tar...
alexsl Citi downgraded StoneCo ( STNE ) to Neutral/High Risk from Buy and added a downside 90-day Catalyst Watch on Friday due to fragility for the standalone merchant acquiring business model. Analyst Gustavo Schroden noted that StoneCo's ( STNE ) Q4 volume growth of 5% Y/Y underperformed the industry's 9% growth and was followed by weaker take rates. He also pointed to rapid asset quality deteri...
alexsl Citi downgraded StoneCo ( STNE ) to Neutral/High Risk from Buy and added a downside 90-day Catalyst Watch on Friday due to fragility for the standalone merchant acquiring business model. Analyst Gustavo Schroden noted that StoneCo's ( STNE ) Q4 volume growth of 5% Y/Y underperformed the industry's 9% growth and was followed by weaker take rates. He also pointed to rapid asset quality deterioration, with 90+ days nonperforming loans worsening by 180 basis points Q/Q. "As such, the weak TPV growth and compression on take rates are likely to keep nominal transactional revenues decreasing," Schroden wrote in a note to clients. "Credit, despite all efforts, hasn’t been a sizable driver of gross profit, and due to higher interest rates and further asset quality deterioration, this could be another constraint for the next few years." Citi's Neutral rating on StoneCo ( STNE ) aligns with the SA Quant rating of Hold and contrasts with the average SA Analyst rating and average Wall Street rating of Buy. StoneCo ( STNE ) stock edged down 0.2% in Friday morning trading. More on StoneCo StoneCo: The Bull Case Just Got Less Predictable (Rating Downgrade) StoneCo: The Recent Drop Is A Golden Buying Opportunity (Rating Upgrade) StoneCo Q4 Earnings: The Problem That No One Saw In The Company's Results (Rating Downgrade) StoneCo stock surges as Q1 payment volume jumps past consensus