Borrowers including Baker Hughes Co. are offering Europe’s first high-grade corporate debt deals in a week, as activity cranks up following several days of near standstill due to conflict in the Middle East. Four non-financial borrowers are seeking to raise euro currency debt on Thursday, led by Baker Hughes’ four-part offering , according to people with knowledge of the matter, who asked not to b...
Borrowers including Baker Hughes Co. are offering Europe’s first high-grade corporate debt deals in a week, as activity cranks up following several days of near standstill due to conflict in the Middle East. Four non-financial borrowers are seeking to raise euro currency debt on Thursday, led by Baker Hughes’ four-part offering , according to people with knowledge of the matter, who asked not to be identified as the information is private. The sales are the first from high-grade corporates since Feb. 26, according to data compiled by Bloomberg. Debt markets are staging a tentative return to activity as the world’s markets continue to swing while the US-Israeli war on Iran enters its sixth day. The last three days have seen just over 11 billion euros ($12.8 billion) of syndicated sales in the region, well below what would normally be expected and mostly from super-safe sovereign and government-backed issuers. Read more: Trump Lauds US War Effort as Iran Vows to Escalate Retaliation Ahold Delhaize, a Dutch-Belgian multinational retailer, is offering a two-year floating rate note and an eight-year green tranche on Thursday, while Fidelity National Information Services Inc. is following a dollar offering in the US on Wednesday with a two-part euro sale. Eaton Capital ULC has opened books on a two-tranche offering and a regional German bank has also brought out a planned deal. It remains to be seen whether the uptick in sales will last, given the fragility of wider markets while the war rages on. A poll taken before the conflict began signaled that there is a healthy pipeline of deals ready to hit the market once conditions improve. Five high-grade borrowers were active in the US on Wednesday, with Baker Hughes also planning to sell dollar debt across multiple currencies, according to a person with knowledge of the matter. Issuer Profile Debt distribution: BKR US Equity DDIS Capital structure: BKR US Equity CAST Related securities: BKR US Equity RELS Ratings history: BKR...
mingxing chen/iStock via Getty Images Introduction & Financials Woodside Energy ( WDS ) offers an attractive buying opportunity despite their recent jump, as the former CEO helped build this into a global powerhouse that should play a significant role in the global energy transition. I rate WDS a buy, backed by several projects that should come online over the next half a decade, supporting the co...
mingxing chen/iStock via Getty Images Introduction & Financials Woodside Energy ( WDS ) offers an attractive buying opportunity despite their recent jump, as the former CEO helped build this into a global powerhouse that should play a significant role in the global energy transition. I rate WDS a buy, backed by several projects that should come online over the next half a decade, supporting the company's long-term exposure to LNG and preparing them for long-term tailwinds, with solid financials and an attractive valuation. Woodside Energy IR The company reported a solid Q4 and 2025 overall, given the weaker oil and gas prices, with record production that exceeded their guidance while their unit costs fell 4%, recording strong performance at all of their operations and advancing on their major Scarborough and Louisiana (ex-Driftwood) LNG projects, among others. Their free cash flow reached a strong $1.89 billion, with a significant drop in CAPEX as a result of the completion of their Sangomar oil project in Senegal and Scarborough being ~94% complete now, while the Beaumont New Ammonia project reached its first production in December 2025 (production of lower-carbon ammonia targeted for H2 2026), turning from a major investment cycle towards the stage where they enjoy the benefits. Woodside Energy IR As for the guidance, they expect 172 to 186 MMboe in 2026, while CAPEX is expected to drop further to $4 billion to $4.5 billion, accounting for the expected 5-week Pluto LNG downtime as they prepare for Scarborough gas. Following the Tellurian acquisition back in 2024, the company has access to a key LNG terminal in Louisiana, which they describe as a "high-quality, scalable development opportunity, with a total permitted capacity of 27.6 million tonnes per annum," adding a fully-permitted long-term US opportunity to Australia's oil and gas giant's portfolio, with agreements already signed . As a note, we're talking about a massive ~$17.5 billion construction cost, for ...
It's become clear over the past few quarters that Tesla is an AI company now. As the company's car sales have plummeted worldwide, costing it the crown of world's largest EV seller, investor focus has shifted to robotaxis. Self-driving EVs are now seen by Wall Street analysts as carrying Tesla — and its stock price — to new heights. In Elon (And Robotaxis) We Trust. Up until the start of 2026, inv...
It's become clear over the past few quarters that Tesla is an AI company now. As the company's car sales have plummeted worldwide, costing it the crown of world's largest EV seller, investor focus has shifted to robotaxis. Self-driving EVs are now seen by Wall Street analysts as carrying Tesla — and its stock price — to new heights. In Elon (And Robotaxis) We Trust. Up until the start of 2026, investors were sold on the new vision. The stock more than doubled between April and December of last year. But Tesla had a rocky start to 2026, falling 13% year-to-date through Tuesday. It's had to contend with mounting skepticism around AI, and a sharp rotation out of market-leading tech names. Enter new research from Bank of America on Wednesday, which helped push Tesla shares up more than 3%, their biggest gain in a month. The firm — which resumed coverage on Tesla stock and slapped it with a buy rating — did its best to quantify the bullish impact of robotaxis. Combining BofA's estimates with other major forecasts from Wall Street analysts, here are the five numbers that will define Tesla's robotaxi business going forward: $460 This is BofA's new 12-month forward price target on Tesla stock, which implies 13% upside. The firm is more bullish than the average Wall Street forecast of $421.60, although that's also above current levels. BofA's forecast is primarily driven by robotaxi optimism, as evidenced by the next number: 52% This is how much of Tesla's overall valuation BofA is assigning to robotaxis. More than half! And more than double the 21% contribution from its core car business. My how times change … and quickly. Here's the full breakdown: 50% This is how much of the global robotaxi market bullish pundits think Tesla can grab in the coming decade. Cathie Wood's Ark Invest sees it earning that share by 2030. Wolfe Research also thinks 50% is attainable, but not until 2035. 1 million Speaking of 2035, this is the number of robotaxis Morgan Stanley analyst Andrew Per...
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles. A widening conflict in the Persian Gulf, which began at the weekend after US and Israeli strikes on Iran, has upended the energy trade by all but halting traffic through the Strait of...
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles. A widening conflict in the Persian Gulf, which began at the weekend after US and Israeli strikes on Iran, has upended the energy trade by all but halting traffic through the Strait of Hormuz, the narrow waterway that connects some of the world’s most important energy producers to their consuming markets. The impact has been swift, even for wealthy markets with extensive storage. Shipping fuel suppliers in Singapore, the world’s top bunkering port, have informed customers that they will fulfill only part of agreed orders, citing lower volumes received from their own suppliers, according to people with knowledge of the matter. They asked not to be identified as the discussions are not public. China has told its largest refiners to suspend exports of diesel and gasoline, asking them to refrain from signing new contracts and to cancel already-agreed shipments. The world’s top oil importer is only Asia’s third fuel exporter, but the the move reflects a race across the region to make domestic demand a priority. In South Korea, petrochemical producer Yeochun NCC declared force majeure on some of its sales due to disruptions in the arrival of naphtha feedstock. Governments, meanwhile, are grappling with dwindling supplies of liquefied petroleum gas used in cooking, given disrupted deliveries from the Middle East, a key source of fuel for Asia. India, one of the most affected markets, is in talks with producers. Still, with US cargoes too distant, there are few alternatives to replace lost volumes, meaning some countries could be forced to impose a form of rationing. Others are already considering tapping official stockpiles. In Japan, which gets 90% of its crude from the Middle East, oil refiners are asking the government to release crude from the nation’s stra...
Planned spending on artificial intelligence (AI) infrastructure is through the roof, with just five companies alone projected to spend more than $700 billion (combined) in data center capital expenditures (capex) this year. Meanwhile, that spending is widely expected to continue, with Ark Invest fund manager Cathie Wood earlier this year projecting that AI infrastructure capex could hit $1.4 trill...
Planned spending on artificial intelligence (AI) infrastructure is through the roof, with just five companies alone projected to spend more than $700 billion (combined) in data center capital expenditures (capex) this year. Meanwhile, that spending is widely expected to continue, with Ark Invest fund manager Cathie Wood earlier this year projecting that AI infrastructure capex could hit $1.4 trillion in 2030. One of the biggest beneficiaries from all this spending will continue to be Nvidia (NVDA +1.68%). The company is the dominant player in the AI chip market, as its graphics processing units (GPUs) are both the main chips to train AI models and run inference. Demand for its chips remains insatiable, which has helped the company take about a 90% market share in the GPU space. Nvidia's lead in the AI chip space comes from the wide moat its ecosystem has created. Its CUDA software platform is where nearly all foundational AI code was written and optimized for its chips, making it particularly strong in training. At the same time, Nvidia's NVLink interconnect solution has created a huge lock-in effect, as it essentially helps its chips act as one powerful unit. Networking has actually been the company's fastest-growing segment, with revenue surging more than 3.5x last quarter to $11 billion. Last quarter, Nvidia's overall revenue soared 73% year over year to $62.3 billion, and it sees no signs of its slowing down, with projections for revenue to grow by 77% in fiscal 2027's Q1 to $78 billion. Meanwhile, the company continues to work in lockstep with Taiwan Semiconductor Manufacturing to secure future capacity. For its part, TSMC predicted its AI revenue growth to average more than 50% annually over the next several years. Expand NASDAQ : NVDA Nvidia Today's Change ( 1.68 %) $ 3.03 Current Price $ 183.08 Key Data Points Market Cap $4.4T Day's Range $ 180.06 - $ 184.70 52wk Range $ 86.62 - $ 212.19 Volume 6.2M Avg Vol 175M Gross Margin 71.07 % Dividend Yield 0.02 % A $...
Predicting where a company might be in five years isn't an exact science, to say the least. Doing so amid tariff uncertainty and a potential economic slowdown exacerbates the difficulty. But if you're considering buying the semiconductor giant Nvidia (NASDAQ: NVDA), it's important to work through some of the potential outcomes over the next few years, nonetheless. Only by assessing some of the pro...
Predicting where a company might be in five years isn't an exact science, to say the least. Doing so amid tariff uncertainty and a potential economic slowdown exacerbates the difficulty. But if you're considering buying the semiconductor giant Nvidia (NASDAQ: NVDA), it's important to work through some of the potential outcomes over the next few years, nonetheless. Only by assessing some of the pros and cons can you know whether you'll feel comfortable buying and holding the company's stock over the long term. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Here's what could go wrong with Nvidia stock over the next five years and what might go right. The storm clouds So far, President Trump's tariffs have excluded semiconductors, but he's indicated that might not be the case forever. He told a group of reporters a few days ago that semiconductor tariffs are coming "very soon." It's worth noting that Trump has backed off some tariff threats in the past, including a big concession on Wednesday. So there's no knowing for sure if tariffs on semiconductors will ever come. For its part, Nvidia doesn't manufacture its processors in-house and instead relies mostly on Taiwan Semiconductor Manufacturing for that. However, if tariffs are applied to semiconductors, it would be bad for Nvidia. Nvidia would have to absorb higher costs from selling its chips to customers or pass on the cost. Companies in China also purchase lots of Nvidia processors. With the U.S. and China currently in a trade war, semiconductor sales there could get swept into the turmoil. There are other potential problems for Nvidia, too. If an economic slowdown occurs, tech giants might pull back on new, expensive data center spending. Microsoft notably recently backed away from two artificial intelligence data center projects. If more companies do the same, it could slow Nvidia's processor sales, which have boomed as tech...