There's a buying opportunity in Affirm after the buy now, pay later company's quarterly earnings report Friday drove down the stock 5%, according to Bank of America. The bank reiterated its buy rating on Affirm and raised its 12-month price target on the stock to $88 from $82, suggesting 37% upside from Friday's close. Affirm has rallied 32% over the past month. The company's earnings "reinforces ...
There's a buying opportunity in Affirm after the buy now, pay later company's quarterly earnings report Friday drove down the stock 5%, according to Bank of America. The bank reiterated its buy rating on Affirm and raised its 12-month price target on the stock to $88 from $82, suggesting 37% upside from Friday's close. Affirm has rallied 32% over the past month. The company's earnings "reinforces our view that Affirm continues to operate as a best-in-class underwriter, even with the highest non-prime exposure in its peer set," Bank of America analyst Matthew O'Neill wrote Monday in a report to clients. "Results came in ahead of expectations across [gross merchandise value], [revenue less transaction costs], and operating income, driven by disciplined underwriting, healthy consumer demand, and improving monetization trends, underscoring the resilience of the model amid a fluid macro backdrop." Affirm on Friday posted strong fiscal third-quarter financial results and forecasts for the current fiscal year, reflecting tailwinds for its business that included an "extremely constructive" funding backdrop despite broader macroeconomic volatility, according to the analyst. The San Francisco-based company booked $1.04 billion in revenue for the third quarter, topping the $995.3 million expected by analysts polled by FactSet, and $281 million in operating income, excluding some items, versus the Street's consensus estimate of $248.9 million. For the fiscal year ending June 30, Affirm forecast revenue of $4.175 billion to $4.205 billion, above analysts' consensus estimate of $4.14 billion. The 5% pullback Friday after Affirm's rally the past month doesn't mean the stock won't continue gaining ground, according to Bank of America. "While results were better than expected the stock traded off modestly and we view this as a brief air pocket until the medium-term outlook is updated at the 5/12 Investor Forum," O'Neill wrote. Bank of America's call matches the consensus on Wall Str...
If you have been affected by the hantavirus outbreak on the MV Hondius cruise ship, we would like to hear from you Twenty Britons from a cruise ship hit by a hantavirus outbreak continue to be offered practical and emotional support as they isolate at a UK hospital. Along with the 20 British nationals, a German who is a UK resident, and a Japanese passenger, were taken to Arrowe Park Hospital on t...
If you have been affected by the hantavirus outbreak on the MV Hondius cruise ship, we would like to hear from you Twenty Britons from a cruise ship hit by a hantavirus outbreak continue to be offered practical and emotional support as they isolate at a UK hospital. Along with the 20 British nationals, a German who is a UK resident, and a Japanese passenger, were taken to Arrowe Park Hospital on the Wirral on Sunday after the MV Hondius docked in Tenerife. Continue reading...
joecicak/iStock via Getty Images We’re in the middle of a truly historic run-up in the stock market. Many have likened the environment to the months before the popping of the dot-com bubble in 2000. The crucial question, though, is whether this time is different. Perhaps all this euphoria is actually grounded in reality and is ultimately justified. For my part, I don’t think this is the case at al...
joecicak/iStock via Getty Images We’re in the middle of a truly historic run-up in the stock market. Many have likened the environment to the months before the popping of the dot-com bubble in 2000. The crucial question, though, is whether this time is different. Perhaps all this euphoria is actually grounded in reality and is ultimately justified. For my part, I don’t think this is the case at all. I think the AI bubble we’re all living through is ultimately built on a shaky house of cards, which, over time, is likely to come crashing down. In this article, I will discuss the extreme customer concentration that I see as constituting that shaky house of cards, and I will point to how I think it’s ultimately the sort of fundamentals-based storyline that’s going to lead to the unwind of the current epic rally that we’re all witnessing. Understanding the House of Cards I recently came across this incredible (in the sense of “wow, it’s hard to believe it’s this bad”) chart from The Information that fully encapsulates the fragility of the foundation on which the entire stock market rally we’re seeing is built: Source: The Information Why does this matter? Quite simply, it shines a bright light on the customer concentration at the heart of the AI bubble. The AI bulls will tell you that “there’s massive demand for AI and AI-related compute,” that “there’s an unbelievable memory shortage created by all this demand for AI,” and on and on and on. This tends to have the effect of leaving many investors with this idea that there are innumerable firms out there clamoring at the doors of the hyper-scalers trying to get their hands on all this AI. This is not true. When it comes down to it, there are two firms that form the foundation of this entire house of cards, two firms that are driving the “massive demand for AI and AI-related compute”—OpenAI and Anthropic. If something goes wrong with OpenAI and/or Anthropic, there go massive chunks of the spending commitments to the big cl...
Matt Hornbach, global head of macro strategy at Morgan Stanley, offers his outlook for this week’s US inflation data and what it can mean for Federal Reserve policy. (Source: Bloomberg)
Matt Hornbach, global head of macro strategy at Morgan Stanley, offers his outlook for this week’s US inflation data and what it can mean for Federal Reserve policy. (Source: Bloomberg)
Galaxy Digital ( GLXY ) and SharpLink ( SBET ) announced on Monday plans to launch the Galaxy Sharplink Onchain Yield Fund, a private fund focused on decentralized finance and onchain yield strategies. The fund is expected to launch in the coming weeks with $125M in capital commitments, including $100M from SharpLink’s staked Ethereum ( ETH-USD ) treasury and $25M from Galaxy Digital. Galaxy Digit...
Galaxy Digital ( GLXY ) and SharpLink ( SBET ) announced on Monday plans to launch the Galaxy Sharplink Onchain Yield Fund, a private fund focused on decentralized finance and onchain yield strategies. The fund is expected to launch in the coming weeks with $125M in capital commitments, including $100M from SharpLink’s staked Ethereum ( ETH-USD ) treasury and $25M from Galaxy Digital. Galaxy Digital will manage the fund, including investment selection, capital allocation, and risk management. SharpLink said the strategy will help keep its core ETH holdings while generating additional yield and returns from active on-chain investments. Sharlink stock is trading slightly lower at $7.40, while Galaxy Digital stock is trading higher at $30.25 in the premarket hours. Source: Press Release More on SharpLink Gaming, Galaxy Digital Galaxy Digital: Tokenization May Not Be Easy Galaxy Digital Inc. (GLXY) Q1 2026 Earnings Call Transcript Sharplink, Inc. (SBET) Q4 2025 Earnings Call Transcript SharpLink Gaming GAAP EPS of -$3.25 misses by $3.25, revenue of $12.1M misses by $2.72M Bloom Energy is the best performing large cap stock in April
Jensen Huang has been warning for months that copper has hit a wall inside AI factories, and on Wednesday his Nvidia Corp. put $500 million behind the fix with a deal to back glass maker Corning Inc.. Corning shares jumped...
Jensen Huang has been warning for months that copper has hit a wall inside AI factories, and on Wednesday his Nvidia Corp. put $500 million behind the fix with a deal to back glass maker Corning Inc.. Corning shares jumped...
Tesla and SpaceX CEO Elon Musk has a habit of making headlines for everything from rockets to robotaxis, but as the richest man in the world, there's one question people constantly throw his way: what's the smartest way to invest...
Tesla and SpaceX CEO Elon Musk has a habit of making headlines for everything from rockets to robotaxis, but as the richest man in the world, there's one question people constantly throw his way: what's the smartest way to invest...
China’s bond market is facing rising re-defaults, driven by continued stress in the housing market, where years of government loosening and stimulus have yet to bring relief, according to a report by S&P Global Ratings on Monday. Since 2020, amid the crisis triggered by the default of China Evergrande Group – the world’s most indebted property developer – about 40 per cent of restructured onshore ...
China’s bond market is facing rising re-defaults, driven by continued stress in the housing market, where years of government loosening and stimulus have yet to bring relief, according to a report by S&P Global Ratings on Monday. Since 2020, amid the crisis triggered by the default of China Evergrande Group – the world’s most indebted property developer – about 40 per cent of restructured onshore bonds have suffered re-defaults, the report said. The turmoil was later compounded by Country...
Huawei Technologies’ little-known chip research lab has been thrust into the national spotlight as Beijing flexes its technology muscles ahead of US President Donald Trump’s visit to China later this week. The Chip Fundamental Technology Research Laboratory was featured for the first time on national television on Friday, when Huawei founder and CEO Ren Zhengfei hosted Vice-Premier Ding Xuexiang a...
Huawei Technologies’ little-known chip research lab has been thrust into the national spotlight as Beijing flexes its technology muscles ahead of US President Donald Trump’s visit to China later this week. The Chip Fundamental Technology Research Laboratory was featured for the first time on national television on Friday, when Huawei founder and CEO Ren Zhengfei hosted Vice-Premier Ding Xuexiang at the firm’s Lianqiu Lake campus in Shanghai, according to footage aired on China Central...
Lexeo Therapeutics press release ( LXEO ): Q1 GAAP EPS of -$0.25. Cash Position: As of March 31, 2026, cash, cash equivalents, and investments in marketable securities were $227.6 million, which Lexeo believes will be sufficient to fund operations into 2028. Research & Development Expenses: Research and Development expenses were $15.7 million for the three months ended March 31, 2026, compared to ...
Lexeo Therapeutics press release ( LXEO ): Q1 GAAP EPS of -$0.25. Cash Position: As of March 31, 2026, cash, cash equivalents, and investments in marketable securities were $227.6 million, which Lexeo believes will be sufficient to fund operations into 2028. Research & Development Expenses: Research and Development expenses were $15.7 million for the three months ended March 31, 2026, compared to $17.2 million for the three months ended March 31, 2025. General & Administrative Expenses: General and Administrative expenses were $6.6 million for the three months ended March 31, 2026, compared to $16.6 million for the three months ended March 31, 2025. More on Lexeo Therapeutics Lexeo Therapeutics, Inc. (LXEO) Presents at Guggenheim Securities Emerging Outlook: Biotech Summit 2026 Transcript Seeking Alpha’s Quant Rating on Lexeo Therapeutics Historical earnings data for Lexeo Therapeutics Financial information for Lexeo Therapeutics
China’s position in Latin America is far from collapsing, looking at the number of countries in the region that have switched diplomatic ties from Taipei to Beijing. But in parts of the continent, governments are increasingly reassessing what their relationships with Beijing are delivering economically and politically. The shift is becoming visible in countries such as Honduras, Venezuela and Cuba...
China’s position in Latin America is far from collapsing, looking at the number of countries in the region that have switched diplomatic ties from Taipei to Beijing. But in parts of the continent, governments are increasingly reassessing what their relationships with Beijing are delivering economically and politically. The shift is becoming visible in countries such as Honduras, Venezuela and Cuba, where economic strain, energy instability and geopolitical pressure are exposing the limits of...
Vertigo3d/E+ via Getty Images It pays to be patient when it comes to turnaround plays. While these stocks can make an investor uneasy, it all comes down to valuation. In cases where risks are already priced into the stock price, improvements in the underlying fundamentals can translate into meaningful gains. Such I find the case with BCE Inc. ( BCE ), which I last covered back in December 2025, hi...
Vertigo3d/E+ via Getty Images It pays to be patient when it comes to turnaround plays. While these stocks can make an investor uneasy, it all comes down to valuation. In cases where risks are already priced into the stock price, improvements in the underlying fundamentals can translate into meaningful gains. Such I find the case with BCE Inc. ( BCE ), which I last covered back in December 2025, highlighting its improving wireless churn and rising free cash flow. BCE has since gone on to produce a respectable 6% total return since my last piece. In this article, I revisit BCE including recent business results , and discuss why it remains an undervalued income stock for long-term investors, so let's dive in! Why BCE? BCE is the largest communications company in Canada, offering wireless networks, enterprise services and digital media. In recent years, it's been positioning itself as a leading fiber provider with AI-powered enterprise solutions. This includes a rapid buildout of Bell AI Fabric, a sovereign AI infrastructure platform, and the acquisition of Ziply Fiber, which gives BCE exposure to the U.S. residential broadband market. BCE demonstrated steady growth during Q1 2026 with consolidated revenue and adjusted EBITDA rising by 4% and 3% YoY, respectively. This was supported by the broadband segment with 3.2% net internet subscriber activations (including Ziply Fiber), contributing to 15% internet revenue growth. BCE added nearly 43K residential FTTH (fiber-to-the-home) subscribers in Canada and 7K new subscribers through Ziply in the U.S. Postpaid mobile net additions were just under 17K YoY, as competition remains stiff in the wireless market. Lower immigration is also weighing on this segment. Meanwhile, Crave (BCE's digital media streaming platform) saw 25% subscriber growth, with Q1 being the most-watched quarter in Crave's history. Also encouraging, BCE is seeing strong AI-driven demand in its Bell Business Markets segment. This segment saw 9.7% YoY revenu...
Walter Cicchetti/iStock Editorial via Getty Images With Warner Bros. Discovery ( WBD ) having just celebrated its 103rd birthday last month , the question on everyone’s mind is whether it will get to 104. The most recent earnings report didn’t move the stock very much, in part because with the Paramount ( PSKY ) merger price locked in its quarter-to-quarter results don’t seem to matter as much. Bu...
Walter Cicchetti/iStock Editorial via Getty Images With Warner Bros. Discovery ( WBD ) having just celebrated its 103rd birthday last month , the question on everyone’s mind is whether it will get to 104. The most recent earnings report didn’t move the stock very much, in part because with the Paramount ( PSKY ) merger price locked in its quarter-to-quarter results don’t seem to matter as much. But I interpret those results differently than some do, and I think there are important points to be drawn here. The Many Twists And Turns The earnings report overall was no worse than expected, though I’m not quite sure they had “turned the corner” strongly. I was struck by the absence of any reference to the Olympics - two years ago when the Summer Olympics happened Warner called them out as to the tune of $600 million and change in revenue and expenses. We know this is Warner’s first year in a new broadcasting deal , negotiated when Warner was at the peak of its cash crunch, so apparently perhaps Warner has ceded more of the rights to its Olympics partners in Europe. I also can’t help but note that the significant move in the dollar impacted these earnings more than normal. Talk of adjusted EBITDA growth is somewhat contextual; on an FX-neutral basis, adjusted EBITDA was flat. Warner reported growth in all revenue categories except advertising; adjusting for FX, all revenue categories continue to shrink. Of course, the numbers were slanted by the $2.8 billion Netflix ( NFLX ) Merger Termination Fee; Warner bulls are right to note that this is a phantom loss, since it will be reimbursed by Paramount Skydance. The Growth Engines Streaming and Studios remain the growth engines of the company. Both showed strong numbers. I don’t disagree that these divisions are growing. The one caution I would make is that there is a large amount of inter-segment transactions going on here; the adjusted EBITDA numbers somewhat overstate the margin improvement. This is because every time Strea...
GLEN ALLEN, Va., May 11, 2026 (GLOBE NEWSWIRE) -- Adial Pharmaceuticals, Inc. (NASDAQ: ADIL) (“Adial” or the “Company”), a clinical-stage biopharmaceutical company focused on developing therapies for the treatment and prevention of addiction and related disorders, today provided a business update and reported its financial results for the 2026 first quarter ended March 31, 2026.
GLEN ALLEN, Va., May 11, 2026 (GLOBE NEWSWIRE) -- Adial Pharmaceuticals, Inc. (NASDAQ: ADIL) (“Adial” or the “Company”), a clinical-stage biopharmaceutical company focused on developing therapies for the treatment and prevention of addiction and related disorders, today provided a business update and reported its financial results for the 2026 first quarter ended March 31, 2026.
TAPEI, Taiwan, May 11, 2026 (GLOBE NEWSWIRE) -- TrendForce’s latest research into the Micro LED industry highlights how generative AI is driving rapid growth in demand for high-speed optical communications. Micro LED technology offers power consumption as low as 1–2 pJ/bit and ultra-low bit error rates (BER) of ≤10⁻¹⁰. It’s also emerging as one of the three major short-distance, high-speed intra-r...
TAPEI, Taiwan, May 11, 2026 (GLOBE NEWSWIRE) -- TrendForce’s latest research into the Micro LED industry highlights how generative AI is driving rapid growth in demand for high-speed optical communications. Micro LED technology offers power consumption as low as 1–2 pJ/bit and ultra-low bit error rates (BER) of ≤10⁻¹⁰. It’s also emerging as one of the three major short-distance, high-speed intra-rack transmission solutions for scale-up data center networks, alongside active electrical cables (AE