Micron Technology (NASDAQ: MU) stock has been on a stellar run over the past year, rising an incredible 522% as it has benefited big time from the fast-growing demand for memory chips used in artificial intelligence (AI) data centers. The phenomenal demand for AI chips has been exceeding supply, and the good news for suppliers is that the shortage isn't expected to end anytime soon. But are Micron...
Micron Technology (NASDAQ: MU) stock has been on a stellar run over the past year, rising an incredible 522% as it has benefited big time from the fast-growing demand for memory chips used in artificial intelligence (AI) data centers. The phenomenal demand for AI chips has been exceeding supply, and the good news for suppliers is that the shortage isn't expected to end anytime soon. But are Micron's catalysts sustainable for the next five years, enabling the AI stock to deliver more gains to investors through the end of the decade? Image source: Micron Technology Continue reading
Corning shares pulled back Tuesday despite the glassmaker reporting better-than-expected earnings and announcing two new long-term supply agreements to support AI infrastructure initiatives. The stock's massive advance this year set a high bar for these results, but the long-term story is still intact. Core revenue in the three months ended March 31 rose 18% year over year to $4.35 billion, toppin...
Corning shares pulled back Tuesday despite the glassmaker reporting better-than-expected earnings and announcing two new long-term supply agreements to support AI infrastructure initiatives. The stock's massive advance this year set a high bar for these results, but the long-term story is still intact. Core revenue in the three months ended March 31 rose 18% year over year to $4.35 billion, topping the consensus estimate of $4.26 billion, according to LSEG. The growth was led by its AI and solar businesses. Adjusted earnings per share (EPS) rose 30% to 70 cents, a penny ahead of expectations, LSEG data showed. Shares of Corning fell more than 7% on Tuesday to roughly $156 apiece. At the lows of the day, the stock briefly traded below $150. GLW 1Y mountain Corning's 12-month stock performance. Bottom line We're not at all surprised to see this kind of market reaction Tuesday. It was almost a given considering the incredible run Corning shares had going into the print, up 92% year to date as of Monday's close. It is why we said Monday that anyone who wants to trim the stock should go right ahead. "If you wanted to take profits in [Corning], I would do that," Jim Cramer said on Monday's Morning Meeting, adding: "It's a very overhyped stock at this very moment." Thankfully, the price action on Tuesday is relieving some of that hype. It's a gift for the investors who have yet to start a position in Corning. Corning's results admittedly weren't perfect, so why are we so encouraged? The main reason: The company has finalized two more long-term supply agreements that are "similar in size and duration" to its previously announced deal with Meta Platforms . That agreement, announced ahead of earnings back in January, is worth up to $6 billion through 2030. Corning didn't disclose the names of these two hyperscalers, with CEO Wendell Weeks saying it's up to the customers to publicly discuss their supply-chain commitments. Still, he said, "These deals are very significant, and ...
Torsten Asmus JP Morgan Chase ( JPM ) CEO Jamie Dimon said he believes a bond market crisis is looming and urged policymakers to address certain underlying risk factors before it hits. “The way it’s going now, there will be some kind of bond crisis, and then we’ll have to deal with it,” Dimon said at an investment conference on Tuesday, according to CNBC . “I’m not that worried we’ll be able to de...
Torsten Asmus JP Morgan Chase ( JPM ) CEO Jamie Dimon said he believes a bond market crisis is looming and urged policymakers to address certain underlying risk factors before it hits. “The way it’s going now, there will be some kind of bond crisis, and then we’ll have to deal with it,” Dimon said at an investment conference on Tuesday, according to CNBC . “I’m not that worried we’ll be able to deal with it," Dimon said, adding, “I just think maturity should say you should deal with it, as opposed to letting it happen." Dimon noted that a growing number of risk factors could combine to trigger an upheaval. “The level of things that are adding to the risk column are high, like geopolitics, oil, government deficits,” Dimon said. “They may go away, but they may not, and we don’t know what confluence of events causes the problem.” More on JPMorgan Chase JPMorgan Preferreds Pair Trade Idea JPMorgan Q1: The Banking Giant Still Offers Relative Safety And Potential Long-Term Returns JPMorgan Chase: The Warning May Be More Important Than The Earnings JPMorgan's Dimon sees private credit slump as likely, but it's not systemic Wall Street’s quantum dream meets reality as banks diverge
Jennifer Miranda/iStock via Getty Images Novartis ( NVS ) reported first-quarter results today, missing revenue and EPS estimates. I see nothing concerning in the report, as the key growth products continued to perform well and the company reaffirmed the full-year revenue and core operating earnings guidance. The medium- and long-term outlook remains largely unchanged, but this year's outlook is s...
Jennifer Miranda/iStock via Getty Images Novartis ( NVS ) reported first-quarter results today, missing revenue and EPS estimates. I see nothing concerning in the report, as the key growth products continued to perform well and the company reaffirmed the full-year revenue and core operating earnings guidance. The medium- and long-term outlook remains largely unchanged, but this year's outlook is somewhat lower than I assumed in my October 2025 update , as Entresto net sales in the United States have eroded faster than I expected. However, I still see a scenario where this year's revenue growth hits the mid-single digits versus the low single-digit guidance by Novartis as products like Kisqali, Kesimpta, Leqvio, and Pluvicto continue to defy gravity. Novartis also partially addressed my concerns about the lack of meaningful business development activity by acquiring Avidity Biosciences for $12 billion, and the late-stage assets it gained could improve the growth rates toward the end of the decade. The worst will be over soon The first quarter of 2026 marks quarter three since Entresto generics launched in the United States. Entresto net sales in the United States went from $1.22 billion in Q2 2025 to $798 million, $95 million, and $72 million in the next three quarters, respectively, and Q2 2026 will mark the end of tough Y/Y comparisons. The erosion happened faster than I anticipated. I expected Novartis to be able to grow through this erosion period, and it appears I was wrong as Q1 revenues were down 0.9% Y/Y and Q2 is likely to be another down quarter. Novartis earnings reports, Seeking Alpha And while that means Novartis lost some tail revenues from Entresto, the good news is the Y/Y comps will become easier sooner than I expected. Most key products continue to perform well, Cosentyx lags The part of the earnings report that really matters is the performance of the key growth products. And most performed really well. Novartis investor presentation Kisqali, Pluvi...
MCLEAN, Va., April 28, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its First Quarter 2026 financial results before the U.S. financial markets open on Thursday, April 30, 2026. The company will hold a webcast at 9 a.m. Eastern Time (ET) on Thursday, April 30, 2026, to publicly share the company’s results with the media. A replay will be available on the...
MCLEAN, Va., April 28, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its First Quarter 2026 financial results before the U.S. financial markets open on Thursday, April 30, 2026. The company will hold a webcast at 9 a.m. Eastern Time (ET) on Thursday, April 30, 2026, to publicly share the company’s results with the media. A replay will be available on the company’s website for approximately 30 days. All materials related to the call will be available on
watch now VIDEO 8:55 08:55 UAE Energy Minister explains decision to leave OPEC as Hormuz crisis deepens Access Middle East The United Arab Emirates' exit from OPEC this week will weaken the influence of the cartel and its leader Saudi Arabia on the oil market, a development that could prove bearish for prices over the long term. The UAE was the most influential member of OPEC behind Saudi Arabia. ...
watch now VIDEO 8:55 08:55 UAE Energy Minister explains decision to leave OPEC as Hormuz crisis deepens Access Middle East The United Arab Emirates' exit from OPEC this week will weaken the influence of the cartel and its leader Saudi Arabia on the oil market, a development that could prove bearish for prices over the long term. The UAE was the most influential member of OPEC behind Saudi Arabia. It was one of the few members, along with Saudi Arabia, that had meaningful spare production capacity to influence prices and respond to supply shocks, said Jorge León, head of geopolitical analysis at Rystad Energy. Spare capacity is the idle production that can be brought online quickly to address major crises. Saudi Arabia and the UAE together control a majority of the world's total spare capacity of more than 4 million barrels per day, making them particularly influential during periods of distress. The UAE's "departure therefore removes one of the core pillars underpinning OPEC's ability to manage the market," León said in a note Tuesday. OPEC will become "structurally weaker" as a consequence, he said. It is also a blow to the Saudis because it undermines their ability to manage OPEC as an organization, said David Goldwyn, who served as the State Department's special envoy and coordinator for international energy affairs from 2009 to 2011. Riyadh will still have a significant ability to discipline the market with its own spare capacity but it will have a weaker hand now that the UAE is no longer a member, Goldwyn told CNBC. watch now VIDEO 4:38 04:38 UAE leaving OPEC does not change energy market fundamentals, says RBC's Helima Croft Power Lunch The UAE's decision to exit OPEC this Friday comes after weeks of missile and drone barrages by fellow member Iran. Tehran's attacks on shipping in the Strait of Hormuz has constrained the UAE's oil exports, threatening the foundation of its economy. The UAE has not attributed its departure to the war. Energy Minister Suhail Al...
According to an SEC filing dated April 28, 2026, Strategic Value Bank Partners LLC initiated a new position in OceanFirst Financial Corp. (NASDAQ:OCFC) , acquiring 627,333 shares. The estimated transaction value was $11.6 million, based on the average closing price during the first quarter of 2026. The quarter-end value of the holding stood at $11.3 million, reflecting both the purchase and subseq...
According to an SEC filing dated April 28, 2026, Strategic Value Bank Partners LLC initiated a new position in OceanFirst Financial Corp. (NASDAQ:OCFC) , acquiring 627,333 shares. The estimated transaction value was $11.6 million, based on the average closing price during the first quarter of 2026. The quarter-end value of the holding stood at $11.3 million, reflecting both the purchase and subsequent price changes. OceanFirst Financial Corp. is a bank holding company headquartered in New Jersey that provides a full range of community banking and financial services through its principal subsidiary, OceanFirst Bank N.A. Strategic Value Bank Partners is, as its name suggests, a fund laser-focused on the banking sector -- and the timing of its decision to open a fresh position in OceanFirst is worth exploring. OceanFirst’s merger with Flushing Financial Corporation (NASDAQ:FFIC) was announced on Dec. 29, 2025, and Strategic Value initiated its OCFC position sometime in the first quarter of 2026 -- meaning the fund bought in with full knowledge of the pending deal. Continue reading
AlexSecret/iStock via Getty Images Performance factors Thrivent Large Cap Growth Fund underperformed the Russell 1000 Growth Index in 1Q26. Security selection detracted from results, while allocation contributed modestly to performance. The Information Technology, Health Care, and Financials sectors were the top detractors from performance. AppLovin ( APP ) was the largest source of underperforman...
AlexSecret/iStock via Getty Images Performance factors Thrivent Large Cap Growth Fund underperformed the Russell 1000 Growth Index in 1Q26. Security selection detracted from results, while allocation contributed modestly to performance. The Information Technology, Health Care, and Financials sectors were the top detractors from performance. AppLovin ( APP ) was the largest source of underperformance. AppLovin provides advertising software that helps businesses reach consumers, primarily through mobile games. The company's stock underperformed due to rising concerns about emerging artificial intelligence (AI) driven competition. Also, within the Information Technology sector, Shopify, ServiceNow, and Apple detracted from performance. Industrials, Communication Services, and Energy sectors were the strongest contributors to performance. Within Industrials, Caterpillar ( CAT ) and Fastenal ( FAST ) drove the gains. Caterpillar, a manufacturer of heavy machinery and power-generation turbines, outperformed due to strong demand for turbines used in AI data centers. Fastenal, an industrial supplies distributor, saw its shares outperform, driven by market-share gains and double-digit sales growth. The Communications sector outperformance was from Netflix ( NFLX ). Shares of Netflix gained after the announcement that the company would not acquire certain assets from Warner Bros. Discovery's ( WBD ) studio. Additional top contributors to 1Q26 performance included Walmart ( WMT ), Taiwan Semiconductor ( TSM ), and Microsoft ( MSFT ) with the Fund's underweight in Microsoft benefiting performance. For the twelve months ending March 31, 2026, the Fund underperformed the Russell 1000 Growth Index. Allocation and selection detracted from performance. The Information Technology, Health Care, and Consumer Discretionary sectors were the top detractors from performance. ServiceNow ( NOW ), an enterprise IT software-management provider, was the top detractor over the twelve months endi...
In this article DIS Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 0:52 00:52 FCC orders early license review of Disney-owned ABC stations Power Lunch The Federal Communications Commission is seeking an early review of Disney's broadcast station licenses following concerns around the company's diversity, equity and inclusion efforts, according to a letter from FCC Chairman Brendan...
In this article DIS Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 0:52 00:52 FCC orders early license review of Disney-owned ABC stations Power Lunch The Federal Communications Commission is seeking an early review of Disney's broadcast station licenses following concerns around the company's diversity, equity and inclusion efforts, according to a letter from FCC Chairman Brendan Carr Tuesday. The letter orders the company to file for early renewal for ABC-owned television stations. The letter noted the action is related to the investigation into Disney's DEI efforts, which began last year . This is breaking news. Please check back for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.