The S&P 500 Index ($SPX ) (SPY ) is down -0.31%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.53%. June E-mini S&P futures (ESM26 ) are down -0.15%, and June E-mini Nasdaq futures (NQM26...
The S&P 500 Index ($SPX ) (SPY ) is down -0.31%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.53%. June E-mini S&P futures (ESM26 ) are down -0.15%, and June E-mini Nasdaq futures (NQM26...
ChangXin’s planned listing is part of a broader wave of mega-IPOs. Photo: VCG China’s securities regulator has approved memory chip maker ChangXin Memory Technologies Inc.’s initial public offering registration, clearing the way for what would be the largest-ever listing on Shanghai’s STAR Market. The blockbuster share sale underscores Beijing’s drive to accelerate funding for domestic semiconduct...
ChangXin’s planned listing is part of a broader wave of mega-IPOs. Photo: VCG China’s securities regulator has approved memory chip maker ChangXin Memory Technologies Inc.’s initial public offering registration, clearing the way for what would be the largest-ever listing on Shanghai’s STAR Market. The blockbuster share sale underscores Beijing’s drive to accelerate funding for domestic semiconductor champions. It comes as a wave of multibillion-dollar technology listings in China and the U.S. threatens to absorb liquidity from global equity markets.
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Blackrock Inc (Symbol: BLK) has taken over the #24 spot from Diamondback Energy, Inc. (Symbol: FANG), according to ETF Channel. Below is a chart of Blackrock Inc ver
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Blackrock Inc (Symbol: BLK) has taken over the #24 spot from Diamondback Energy, Inc. (Symbol: FANG), according to ETF Channel. Below is a chart of Blackrock Inc ver
Amazon stock is trading right in between its 50-day and 200-day moving averages, which could provide support and resistance in the coming weeks. Iron condors can work well when a stock trades sideways and volatility remains low or drops. The technology and retail giant operates across e‑commerce, cloud computing, digital advertising and consumer devices.
Amazon stock is trading right in between its 50-day and 200-day moving averages, which could provide support and resistance in the coming weeks. Iron condors can work well when a stock trades sideways and volatility remains low or drops. The technology and retail giant operates across e‑commerce, cloud computing, digital advertising and consumer devices.
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Blackrock is now the #24 analyst pick, moving up by 87 spots. This rank is formed by averaging the analyst opinions for each component from eac
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Blackrock is now the #24 analyst pick, moving up by 87 spots. This rank is formed by averaging the analyst opinions for each component from eac
Gearstd/iStock via Getty Images I previously rated Credo Technology Group Holding Ltd. ( CRDO ) as a Buy in March 2026, thanks to the improved margin of safety and the cheaper valuations from the prior selloff. In this article, I shall discuss why I am downgrading CRDO as a Hold here, attributed to the pulled forward upside potential from the overly done H1'26 rally. CRDO Proves Their AI Beneficia...
Gearstd/iStock via Getty Images I previously rated Credo Technology Group Holding Ltd. ( CRDO ) as a Buy in March 2026, thanks to the improved margin of safety and the cheaper valuations from the prior selloff. In this article, I shall discuss why I am downgrading CRDO as a Hold here, attributed to the pulled forward upside potential from the overly done H1'26 rally. CRDO Proves Their AI Beneficiary Status CRDO 1Y Stock Price (TradingView) Since my last Buy rating, CRDO has outperformed while delivering an outsized stock price rally at +134.1% against the wider market at +9.6%, with a similar outperformance also observed in its Active Electrical Cable (AEC) peer, Marvell ( MRVL ). Much of their tailwinds are attributed to the reiterated durability of data center capex trends, with it underscoring the robust, multi-year demand for AI infrastructure offerings, CRDO's AEC included. 1. AI Tailwinds Discussed As Agentic AI is increasingly adopted by enterprises, it is unsurprising that McKinsey expects the inference workload "to become the dominant workload in AI data centers , representing more than half of all AI compute and roughly 30 to 40 percent of total data center demand." The same has been observed in the changing ratio of CPU to GPU installation in data centers from the prior training stack at 1 to 8 to the current inference stack at 1 to 4, with a path to nearing parity seemingly rather likely. Here is where interconnect offerings, such as those offered by CRDO, have proven to be critical, as hyperscalers need more " networks to connect their GPUs, their CPUs, and the underlying pieces that put together their AI infrastructure." This is especially given the intensifying compute demand triggering the diversified data center approaches beyond the legacy scale-out approach (multiple server/node connection) to the scale-up approach ( ultra-dense connection at massive scale). While most of CRDO's current/FY2027 revenues are still tied to the scale-out approach, the...
A study of analyst recommendations at the major brokerages shows that Hycroft Mining Holding Corp (Symbol: HYMC) is the #30 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Cha
A study of analyst recommendations at the major brokerages shows that Hycroft Mining Holding Corp (Symbol: HYMC) is the #30 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Cha
Bloomberg’s Balance of Power covered the story on Thursday, June 11, that President Trump announced he was calling off the planned U.S. military strikes against Iran, with a memorandum of understanding potentially being signed within days. Markets responded immediately: the S&P 500 closed up 1.8%, and the Nasdaq rallied close to 3% on the de-escalation ... Trump Calls Off Iran Strikes with Deal in...
Bloomberg’s Balance of Power covered the story on Thursday, June 11, that President Trump announced he was calling off the planned U.S. military strikes against Iran, with a memorandum of understanding potentially being signed within days. Markets responded immediately: the S&P 500 closed up 1.8%, and the Nasdaq rallied close to 3% on the de-escalation ... Trump Calls Off Iran Strikes with Deal in Reach: “We Should Be Getting It Done In The Next Few Days.”
JHVEPhoto/iStock Editorial via Getty Images Boston Scientific ( BSX ) collapsed ~53% in the past twelve months under a strong ~22% gain in the S&P 500 ( SPY ) due to guidance getting cut, WATCHMAN decelerating, EP share concerns, and a mixed CHAMPION-AF readout. This dismantled the medtech's premier growth narrative. Here's the anatomy of the recent five-month, ~50% de-rating on four distinct nega...
JHVEPhoto/iStock Editorial via Getty Images Boston Scientific ( BSX ) collapsed ~53% in the past twelve months under a strong ~22% gain in the S&P 500 ( SPY ) due to guidance getting cut, WATCHMAN decelerating, EP share concerns, and a mixed CHAMPION-AF readout. This dismantled the medtech's premier growth narrative. Here's the anatomy of the recent five-month, ~50% de-rating on four distinct negative catalysts, partially offset by the Q1 beat: Date Event One-day move Close Jan 15, 2026 $14.5B Penumbra acquisition announced ~-4% $90.03 Feb 4, 2026 Q4'25 print, disappointing initial FY26 guide -17.6% $75.50 Mar 30, 2026 CHAMPION-AF: positive but "not the home run" -9.0% $62.93 Apr 22, 2026 Q1 beat and guidance cut—initially read as a clearing event + 9.0% $64.87 May 27, 2026 Bernstein conference : guidance merely reaffirmed, WATCHMAN flat sequentially -12.5% $50.46 Click to enlarge Source: Company, Yahoo Finance An interesting note is that the stock dropped sharply on the May 27 conference. It wasn't due to new bad news but was rather the lack of good news. This appears more like a capitulation event—stock bulls selling on despair—and could be an inflection point where the risk/reward ratio flips. Q1 FY2026 earnings cap The quarter's print was decent but was buried deep below a guidance cut . Q1 revenue of $5.2B reflected an 11.6% Y/Y reported growth or 9.4% Y/Y organic growth. This was ahead of consensus expectations, along with adjusted EPS of $0.80 (6% Y/Y), which landed in the high end of the guide. Adjusted gross margin slipped 1% to 70.5% on tariffs and PolarX discontinuation; however, adjusted operating margin still improved to 28%. The focal point was the FY26E guidance cut to organic growth to 6.5-8.0% from 10-11% initially. Subsequently, adjusted EPS was guided to $3.34-$3.41, lower than the prior $3.43-$3.49. The management continued to guide Q2 to just 5-7% Y/Y organic growth while tempering long-term 10%+ organic target growth expectations. Assessing the...
Crovik Media/iStock via Getty Images Thesis Plug Power Inc. ( PLUG ) is a company that operates across the entire hydrogen supply chain. This includes manufacturing electrolyzers, producing hydrogen, and providing fuel cell systems. When I covered PLUG back in March, for the second time, I maintained my Hold rating because the company was still strengthening its position in the hydrogen industry a...
Crovik Media/iStock via Getty Images Thesis Plug Power Inc. ( PLUG ) is a company that operates across the entire hydrogen supply chain. This includes manufacturing electrolyzers, producing hydrogen, and providing fuel cell systems. When I covered PLUG back in March, for the second time, I maintained my Hold rating because the company was still strengthening its position in the hydrogen industry and had significant long-term growth potential. However, the positives were once again balanced by continued financial losses, ongoing cash burn, and a stock valuation that depended on the company making much greater progress toward profitability. Since then, PLUG’s stock price has remained highly volatile. Seeking Alpha The one-year chart illustrates that clearly. It appears better suited for traders than for the long-term investments I typically focus on. After a strong run between April and May, I revisited the company to see whether that momentum had any real substance behind it; basically, anything to change my mind. After reviewing the latest information, I still have a neutral view. The company's recovery story is looking more believable than before, but there still isn't enough evidence for me to become optimistic or recommend a stronger bullish position. PLUG’s Path Forward Is Becoming Clearer Seeking Alpha Revenue : $163.5M (+22% YoY) Material Handling Revenue: +15% YoY Electrolyzer Revenue: $40.8M vs. $9.2M YoY (+343%) Hydrogen Fuel Revenue: +10% YoY Gross Margin: -13% vs. -55% YoY (+42 percentage points). The Plug Power story is getting very close to being compelling. Seeking Alpha Revenue growth has remained a relative bright spot, with Plug's latest reported growth rate running more than twice the sector median according to Seeking Alpha's Growth metrics. All three business segments contributed. Gross margin increased by 42 percentage points year-over-year. New CEO Jose Luis Crespo , who took over in March, spoke in a more operationally grounded manner than, an...
Jeff Spicer/Getty Images Entertainment It hurts to look at Adobe Inc. ( ADBE ) through bearish lenses. After all, this is still one of the highest-quality software businesses in the world. Adobe arguably has the best products in the creative space, and they remain deeply embedded in creative and document workflows. And in normal circumstances, a stock like ADBE, trading at depressed valuation leve...
Jeff Spicer/Getty Images Entertainment It hurts to look at Adobe Inc. ( ADBE ) through bearish lenses. After all, this is still one of the highest-quality software businesses in the world. Adobe arguably has the best products in the creative space, and they remain deeply embedded in creative and document workflows. And in normal circumstances, a stock like ADBE, trading at depressed valuation levels with this kind of quality, would probably look like a clear buy-the-dip opportunity. But the point is that these are not normal circumstances for Adobe. In my previous article , I argued that Adobe's story was becoming harder to trust. Not because the company was suddenly becoming a bad business. Not at all. But rather because the market was beginning to question whether Adobe's premium software model could hold up in an AI-first world. And after the San Jose, California-based company’s Q2 print, even delivering a beat across the board (on a non-GAAP basis), I believe that this concern has only become stronger. Seeking Alpha The quarter itself was not weak on the surface, and if you haven't read the earnings call transcript , I recommend reading the summary made by Seeking Alpha at this link . Briefly, Adobe delivered record revenue, strong cash flow, and raised its annual guidance. None of this helped, however, when the market was clearly not focused on traditional quality metrics anymore. The real issue Adobe faces is whether the company can turn AI usage and freemium adoption into high-quality ARR without sacrificing pricing power, margins, or the strength of its creative moat. That is where I think the thesis remains fragile. Usage is here, but it's not the same as monetization. Until there is evidence that its AI-led freemium strategy can convert into durable recurring revenue—which has historically driven the company’s stock—I believe that ADBE may remain stuck in a negative sentiment loop, and I am downgrading ADBE to Sell. The Weakest Part of Adobe’s Q2 Was the F...
Brandon Moser We have liftoff. SpaceX's ( SPCX ) long-awaited initial public offering happened on Friday, as shares officially opened on the Nasdaq at $150, for a gain of 11%. Musk and AI The offering makes Elon Musk, who leads both SpaceX and Tesla ( TSLA ), the world's first trillionaire. That his net worth crossed the trillion-dollar mark after the debut is notable, given that much of his wealt...
Brandon Moser We have liftoff. SpaceX's ( SPCX ) long-awaited initial public offering happened on Friday, as shares officially opened on the Nasdaq at $150, for a gain of 11%. Musk and AI The offering makes Elon Musk, who leads both SpaceX and Tesla ( TSLA ), the world's first trillionaire. That his net worth crossed the trillion-dollar mark after the debut is notable, given that much of his wealth is tied to the rocket and artificial intelligence company. His stake in SpaceX is worth roughly $866B, and he retained overwhelming voting control after the IPO, giving him effective authority over SpaceX's strategic direction and board composition. According to a new filing, Musk holds options to purchase 350M Class B common shares at an exercise price of $8.3998 per share through Feb. 11, 2031. The Elon Musk Revocable Trust indirectly owns 526.2M Class A shares. Another vehicle, EM 2024 GRAT-A, indirectly owns 7.4M Class A shares. The offering was led by Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase, alongside a broader syndicate of banks. Goldman Sachs President John Waldron appeared on Bloomberg on Friday and said the offering was indicative of investor demand for funding all things related to artificial intelligence. Recently, SpaceX has focused more on artificial intelligence than just putting rockets into space. Musk has talked about putting data centers into space, using the company's rockets to get them there. The company has other AI-related assets, including its Grok chatbot and its Colossus data centers. It has also increasingly positioned itself as an AI infrastructure provider, providing computing power to Anthropic ( ANTHRO ) and Google ( GOOG ) ( GOOGL ) in separate deals, aside from its traditional businesses in launch services and satellite communications. Goldman Sachs recently said it expects SpaceX's revenue related to AI to jump 100 times between now and 2030. Google's parent company, Alphabet, is a long-time investor ...
从纽约到东京，全球机构投资者和散户投资者周五都紧盯着自己的屏幕，等待史上规模最大IPO马斯克的SpaceX开始交易。 多伦多Triple D Trading市场结构主管兼自营交易员Dennis Dick表示，“我已经醒了5个小时了，到现在还没吃东西！我饿坏了，肚子一直在叫。我死死盯着屏幕，真希望SpaceX赶紧开始交易，这样我才能去吃饭。我现在根本离不开座位，甚至连厕所都不敢去，因为我怕错过这一刻...
从纽约到东京，全球机构投资者和散户投资者周五都紧盯着自己的屏幕，等待史上规模最大IPO马斯克的SpaceX开始交易。 多伦多Triple D Trading市场结构主管兼自营交易员Dennis Dick表示，“我已经醒了5个小时了，到现在还没吃东西！我饿坏了，肚子一直在叫。我死死盯着屏幕，真希望SpaceX赶紧开始交易，这样我才能去吃饭。我现在根本离不开座位，甚至连厕所都不敢去，因为我怕错过这一刻。” 在地球另一端的澳大利亚悉尼，当地交易时段早已结束。Global X Management投资策略师Justin Lin 通常会在周五晚上和女朋友一起重温Netflix上的《神烦警探》。但他也在密切关注SpaceX的动向。 他说，“她可能会因为我在旁边开着终端而有点生气，但这就是这份工作的性质……我认为这件事的重要性不仅仅在于市场对SpaceX的需求。某种程度上，它更像是在测试市场对于‘希望与梦想型交易’有多大的热情，而整个芯片行业目前其实都在依赖这种逻辑。”（彭博）