Katie and Matt discuss financial advisers, a little scooch of private credit, finance book recommendations, call options on time, expected returns, seating charts, rain creating liquidity, E and S vs. G, the church of capital allocation, the market for corporate control and corporate vs. human life cycles.
Katie and Matt discuss financial advisers, a little scooch of private credit, finance book recommendations, call options on time, expected returns, seating charts, rain creating liquidity, E and S vs. G, the church of capital allocation, the market for corporate control and corporate vs. human life cycles.
The U.S. economy added 115,000 jobs to nonfarm payrolls in April, crushing consensus estimates of 55,000. It's now the second month in a row that nonfarm payrolls have come in much higher than expected, and the first consecutive month of job gains in over a year. The unemployment rate held steady at 4.3%. In April, the economy added jobs in the following sectors: healthcare (37,000), transportatio...
The U.S. economy added 115,000 jobs to nonfarm payrolls in April, crushing consensus estimates of 55,000. It's now the second month in a row that nonfarm payrolls have come in much higher than expected, and the first consecutive month of job gains in over a year. The unemployment rate held steady at 4.3%. In April, the economy added jobs in the following sectors: healthcare (37,000), transportation and warehousing (30,000), retail trade (22,000), and social assistance (17,000). The economy lost jobs in information services (-13,000) and telecommunications (-3,000). Continue reading
We just covered Cathie Wood’s 11 Biggest AI and Data Center Stock Picks. Taiwan Semiconductor (NYSE:TSM) ranks #8 (see Cathie Wood’s 5 Biggest AI and Data Center Stock Picks). Taiwan Semiconductor Mfg Co Ltd (NYSE:TSM) is perhaps the most critical cogwheel in the AI revolution. It manufactures the world’s most advanced semiconductors for companies that design […]
We just covered Cathie Wood’s 11 Biggest AI and Data Center Stock Picks. Taiwan Semiconductor (NYSE:TSM) ranks #8 (see Cathie Wood’s 5 Biggest AI and Data Center Stock Picks). Taiwan Semiconductor Mfg Co Ltd (NYSE:TSM) is perhaps the most critical cogwheel in the AI revolution. It manufactures the world’s most advanced semiconductors for companies that design […]
New leader urges Hungarians to help him end illiberalism as he faces calls to investigate years of corruption Inside Hungary’s dazzling neo-Gothic parliament, the scenes will be solemn on Saturday as the new leader, Péter Magyar, is sworn in. Outside is where the party is expected to unfold, as people pour in from across the country to mark a pivotal moment: the formal end of Viktor Orbán’s 16 yea...
New leader urges Hungarians to help him end illiberalism as he faces calls to investigate years of corruption Inside Hungary’s dazzling neo-Gothic parliament, the scenes will be solemn on Saturday as the new leader, Péter Magyar, is sworn in. Outside is where the party is expected to unfold, as people pour in from across the country to mark a pivotal moment: the formal end of Viktor Orbán’s 16 years in power. It comes weeks after Magyar and his opposition Tisza party won a landslide victory in a result that rattled the global far right, reset Hungary’s long-strained relationship with the EU and set off all-night celebrations along the banks of the Danube River. Continue reading...
The average of price targets set by Wall Street analysts indicates a potential upside of 40.1% in Palantir Technologies (PLTR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
The average of price targets set by Wall Street analysts indicates a potential upside of 40.1% in Palantir Technologies (PLTR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Lynn Michelle Jurich, a co-founder and co-Executive Chair of Sunrun (NASDAQ:RUN) , reported the sale of 50,000 shares of common stock in an open-market transaction on May 1, 2026, according to an SEC Form 4 filing . Transaction and post-transaction values based on SEC Form 4 reported price ($12.89). *1-year performance calculated using May 1st, 2026 as the reference date. Continue reading
Lynn Michelle Jurich, a co-founder and co-Executive Chair of Sunrun (NASDAQ:RUN) , reported the sale of 50,000 shares of common stock in an open-market transaction on May 1, 2026, according to an SEC Form 4 filing . Transaction and post-transaction values based on SEC Form 4 reported price ($12.89). *1-year performance calculated using May 1st, 2026 as the reference date. Continue reading
Trump Administration Drops First Batch Of UAP/UFO Files On Friday, the Trump administration released the first official tranche of declassified UAP (Unidentified Anomalous Phenomena) and UFO files through the new Presidential Unsealing and Reporting System for UAP Encounters (PURSUE) - which of course was the alternative to the real incriminating Elite Presidential Shielding Taskforce Ensuring Imp...
Trump Administration Drops First Batch Of UAP/UFO Files On Friday, the Trump administration released the first official tranche of declassified UAP (Unidentified Anomalous Phenomena) and UFO files through the new Presidential Unsealing and Reporting System for UAP Encounters (PURSUE) - which of course was the alternative to the real incriminating Elite Presidential Shielding Taskforce Ensuring Impunity Now (EPSTEIN) files. ack ack ack The files are hosted at the official government site: https://www.war.gov/UFO/ . This marks the start of a rolling release schedule (new materials every few weeks) covering decades of unresolved cases across multiple agencies, with a strong emphasis on unprecedented transparency. BREAKING: The Trump administration releases, UFO and alien life files. These dumps are going to be a regular thing. https://t.co/nY0OoIQerq pic.twitter.com/Pipox7jSWQ — Bruce Snyder (@realBruceSnyder) May 8, 2026 What’s Included in Release 01 (162 Files + Supporting Materials) The initial drop focuses on 162 FBI documents, all in PDF format. These are unresolved cases where the government states it cannot make a definitive determination on the nature of the phenomena - often due to insufficient data - and explicitly invites public and private-sector analysis. Mainstream reporting (Fox News, New York Post, and others) highlights additional materials in the broader release: Apollo 12 and Apollo 17 mission photos showing strangely shaped objects and clusters of dots in the lunar sky. Archival imagery from the Apollo 17 mission to the Moon. The yellow box contains an enlarged area of the original photo in which three lights are visible above the lunar terrain. A transcript from Apollo 17 operators describing “very bright particles or fragments” drifting by the spacecraft, “big ones on my window,” and “jagged, angular fragments that are tumbling” - likened to “the Fourth of July.” 🚨 BREAKING: TRUMP UFO DROP GOES DEEPER New bombshell from the first batch of files: A...
Tapestry is trading at an attractive level after its fiscal third-quarter earnings report added to investor concerns around demand for affordable luxury fashion, making now a good time to buy shares of the Coach owner, according to JPMorgan. The investment bank has an overweight rating on Tapestry, which also owns Kate Spade New York, and raised its price target on the stock to $200 from $190, imp...
Tapestry is trading at an attractive level after its fiscal third-quarter earnings report added to investor concerns around demand for affordable luxury fashion, making now a good time to buy shares of the Coach owner, according to JPMorgan. The investment bank has an overweight rating on Tapestry, which also owns Kate Spade New York, and raised its price target on the stock to $200 from $190, implying more than 50% upside from Thursday's close. "Buy the dip," analyst Matthew Boss said Friday in a note to clients. "We see TPR's bottom-line growth accelerating with opportunities across the top line, gross margin, [selling, general and administrative], and capital allocation driving a return to double-digit compounding [total shareholder return], by our model." Tapestry issued weak guidance to investors while releasing its latest financials on Thursday, driving down its stock by more than 12%. The outlook for revenue growth in the June quarter, in particular, underwhelmed investors who are concerned about headwinds facing affordable luxury brands. JPMorgan is more sanguine, however, saying Coach has undergone a brand revival over the past few years, enabling it to gain traction with Gen-Z shoppers and bolster its balance sheet. Coach led revenue gains for Tapestry in the third quarter, outperforming other brands in its portfolio such as Spade and Stuart Weitzman, per the investment bank. JPMorgan's call matches the Wall Street consensus, where 15 of 24 analysts covering Tapestry have either a buy or strong buy rating on the stock, LSEG data shows. Tapestry shares are down over the past one- and three months, but higher by more than 32% over the past six months.
AlexSecret RBC Capital Markets has raised its 12-month-forward target for the S&P 500 ( SP500 ) to 7,900, implying roughly 7.7% upside from the benchmark index’s May 7 close, as the firm sees continued resilience in corporate earnings and investor appetite for growth-oriented assets. In a recent investor note, RBC said its updated outlook leans heavily on its valuation and earnings-per-share frame...
AlexSecret RBC Capital Markets has raised its 12-month-forward target for the S&P 500 ( SP500 ) to 7,900, implying roughly 7.7% upside from the benchmark index’s May 7 close, as the firm sees continued resilience in corporate earnings and investor appetite for growth-oriented assets. In a recent investor note, RBC said its updated outlook leans heavily on its valuation and earnings-per-share framework, which the bank believes best captures the current “two-speed” economic environment. The firm noted that while portions of the economy continue to show signs of slowing, other areas remain supported by strong consumer demand, solid corporate profitability, and ongoing investment tied to artificial intelligence and technology-driven growth. Strategists at RBC maintained a favorable stance on U.S. equities relative to international markets, arguing that American companies continue to benefit from stronger earnings momentum and leadership in high-growth sectors. The bank also reiterated its preference for growth stocks over value names, while noting that large cap growth remains its top area of conviction. RBC added that it still sees opportunities in small caps, though the asset class is viewed less favorably than larger growth-focused companies. Sector recommendations were largely unchanged, although the firm downgraded health care to market weight from overweight in its latest allocation update. S&P 500 Funds: ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( FXAIX ), ( VFIAX ), ( VFFSX ), and ( SWPPX ). More on markets Dividend Roundup: Eli Lilly, PepsiCo, Apple, Visa, and more Trump gives the EU a July 4 deadline to finalize a trade deal and warns of higher tariffs Goldman Sachs flags Amazon and Alphabet for inflating S&P 500 earnings growth figures Deutsche Bank flags a growing divergence between stocks, oil, and bonds AI startup surge ignites new wave of American entrepreneurship
Enhanced Group Inc. shares sank 14% after going public via a merger with blank-check company A Paradise Acquisition Corp. that gave it an enterprise value of $1.2 billion. Shares fell to $6.90 each as of 9:49 a.m. in New York on Friday, below the $8.03 closing price of the special purpose acquisition company the day before. The newly-combined company conducts the Enhanced Games, an international a...
Enhanced Group Inc. shares sank 14% after going public via a merger with blank-check company A Paradise Acquisition Corp. that gave it an enterprise value of $1.2 billion. Shares fell to $6.90 each as of 9:49 a.m. in New York on Friday, below the $8.03 closing price of the special purpose acquisition company the day before. The newly-combined company conducts the Enhanced Games, an international athletic event that allows competitors to use performance-enhancing drugs . Its inaugural running is set to take place later this month in Las Vegas. A Paradise Acquisition went public in July, with the intention to combine with a name in the leisure and entertainment sector. The enhanced merger was announced in November. SPACs, or special purpose acquisition companies, like A Paradise Acquisition, are shell companies that go to market with the intention of combining with other companies in order take them public. But SPACs can be risky for investors and often yield losses. Founded by Dr. Aron D’Souza , Christian Angermayer , and Maximilian Martin in 2023, Enhanced seeks to push the boundaries athletic achievement in a way that “safely evolves mankind into a new superhumanity,” per the company website. The May games will feature more than 40 athletes representing 23 countries competing across weight lifting, track, and swimming. Billionaire bio-hacker Bryan Johnson and former football player Emmanuel Acho will spearhead broadcast coverage. Both the International Olympic Committee and anti-doping authorities have repudiated Enhanced’s concept on the basis of safety and fair competition. Performance-enhancing drugs are prohibited in most professional athletics. Enhanced’s shares trade on the New York Stock Exchange under the symbol ENHA.
hapabapa/iStock Editorial via Getty Images Introduction Klarna ( KLAR ) is clearly benefiting from the significant rise in Buy Now, Pay Later financing, which consumers can use for things like online shopping at checkout, in-app, or with a Klarna card. The company is enjoying large albeit normalizing top-line growth, but the key question heading into Q1 earnings is whether this growth is beginning...
hapabapa/iStock Editorial via Getty Images Introduction Klarna ( KLAR ) is clearly benefiting from the significant rise in Buy Now, Pay Later financing, which consumers can use for things like online shopping at checkout, in-app, or with a Klarna card. The company is enjoying large albeit normalizing top-line growth, but the key question heading into Q1 earnings is whether this growth is beginning to translate into stable profitability. The stock is down sharply year-to-date, as a 26% plunge following a miss in adjusted operating profit and weak earnings guidance weighed heavily on investor sentiment. Upcoming Q1 earnings will likely play an important role in determining whether Klarna’s profitability trajectory is finally stabilizing. GMV Growth Is Strong But Expected To Moderate The company’s latest earnings report for Q4 and FY 2025 showed excellent top line growth figures. Quarterly GMV of $38.7 billion rose 32% year-over-year, while overall revenue of $1.08 billion, the company’s first-ever billion print, was up an impressive 38% year-over-year. Growth accelerated from 23% year-over-year in Q3, but according to management the percentage GMV growth will begin to moderate in Q2 2026. Hypergrowth is mainly being driven by two products: Fair Financing and Cards. Fair Financing GMV rose by 165% year-over-year to reach $4.5 billion, while Card GMV was up an even headier 209% year-over-year. As these products scale, percentage growth mechanically has to slow down. Full-year GMV came in at $127 billion, and 2026 guidance is for over $155 billion, implying growth of low-20% based on run rate. Engagement remains strong with a 28% increase in consumers to 118 million, and a 42% increase in merchants to 966 thousand. It’s important to keep in mind that these numbers are coming off a period of unusually strong acceleration, rather than indicating a slowdown in overall demand. Monetization Not Sufficiently Visible Yet Q4 adjusted operating profit of $47 missed the Visible Al...
(RTTNews) - A closely watched report released by the Labor Department on Friday showed much stronger than expected U.S. job growth in the month of April.
(RTTNews) - A closely watched report released by the Labor Department on Friday showed much stronger than expected U.S. job growth in the month of April.