Klaus Vedfelt/DigitalVision via Getty Images Micron Technology, Inc. ( MU ) stock price experienced a rollercoaster over the past month; heading into Q2 earnings , the stock was trading in the $460s department, its then all-time high, and that’s when we downgraded the stock to sell post-print, “ Micron: Entering the Danger Zone ,” the logic of which I’ll get into below. The stock hit a low of abou...
Klaus Vedfelt/DigitalVision via Getty Images Micron Technology, Inc. ( MU ) stock price experienced a rollercoaster over the past month; heading into Q2 earnings , the stock was trading in the $460s department, its then all-time high, and that’s when we downgraded the stock to sell post-print, “ Micron: Entering the Danger Zone ,” the logic of which I’ll get into below. The stock hit a low of about $311, an over 30% pullback from its high, before a dead cat bounce kicked in, pushing Micron to a new all-time high of about $471. Investors are watching this, thinking it is the signal that Micron’s memory supercycle run is not over, but we’re here to say that the opposite is true, not based on opinion but based on simple numbers. YCharts The stock is up about 3% since our downgrade, underperforming the S&P 500 ( SP500 ), up 7% over the same period. We’re reaffirming our Sell call, as we see troubled waters ahead. Seeking Alpha Why the downgrade? We downgraded Micron because its upside driver for H1 FY26, which many mistake for high bandwidth memory ("HBM") sales but is actually a higher ASP on non-AI memory chips, is letting up. It’s a tough pill to swallow, but Micron’s financial outperformance both in Q1 and Q2 was not really about HBM. Case in point: management stopped telling us how much HBM revenue they’re printing each quarter in FY26, and that’s because they’ve already told us their capacity is sold out. In Q4 2025, Micron’s earnings presentation read: “HBM revenue grew to nearly $2 billion in fiscal Q4,” which implies an annualized run rate of $8B. In the following two quarters, management told us supply was fully booked out and shared no standalone HBM revenue line. To us, this confirms that the upside is coming from non-AI memory chips, whose prices are still on average 408% higher than in July 2025. Further confirming our thesis was the fact that non-HBM gross margin was higher than HBM gross margin this quarter, a telling signal about what’s driving financia...
Russia’s government expects to sell natural gas for several years to China at about a third less than the price paid by Europe, underscoring how a pivot to Asia hasn’t fully offset the loss of most of the country’s Western markets. The price of Russian gas for China is set to average $258.80 per 1,000 cubic meters this year, more than 38% lower than the average price offered to the few remaining b...
Russia’s government expects to sell natural gas for several years to China at about a third less than the price paid by Europe, underscoring how a pivot to Asia hasn’t fully offset the loss of most of the country’s Western markets. The price of Russian gas for China is set to average $258.80 per 1,000 cubic meters this year, more than 38% lower than the average price offered to the few remaining buyers in Europe, said two people familiar with governmental forecasts. The gap will slowly shrink over the next three years, but still be just over 27% in 2029, the people said, speaking on condition of anonymity because the plans are not public. The press service for the Russian government didn’t immediately respond to a request for comment. The price gap between east and west shows how China, even though it’s now Moscow’s single largest gas customer, is proving to be less lucrative than its former trading relationship with Europe. Most commercial ties were severed after Moscow invaded Ukraine in early 2022 and just a handful of European countries including Hungary, Slovakia, Serbia and Turkey are still receiving pipeline supplies from Russia. Russia’s government and state-run Gazprom PJSC traditionally include Turkey in the European region. Last year, Russia sold its natural gas to China at an average price of $248.7 per $1,000 cubic meters, also more than 38% lower than the average price for Europe, according to governmental data . Prices for China are “objectively lower” than for Europe because gas fields feeding Asia are closer to the customer, Gazprom Chief Executive Officer Alexey Miller said last year, according to Interfax. China Volumes Russia has been ramping up supplies to China for several years via the Power of Siberia gas link. The pipeline reached its design capacity of 38 billion cubic meters in 2025, and the actual gas deliveries via the conduit were slightly higher , according to Gazprom. In 2029, Russia’s annual eastbound gas flows are expected to grow t...
(RTTNews) - Canadian stocks are turning in a mixed performance on Monday with investors digesting the nation's inflation data and closely following the developments on the geopolitical front.
(RTTNews) - Canadian stocks are turning in a mixed performance on Monday with investors digesting the nation's inflation data and closely following the developments on the geopolitical front.
Karo Kes Honeywell International ( HON ) on Monday said it will provide petrochemical processing technologies and catalysts to Dangote Petroleum Refinery and Petrochemicals in Nigeria, part of an expansion aimed at increasing local production of plastics inputs and detergent ingredients. The agreement centers on Dangote’s refinery and petrochemical complex in Lekki, near Lagos, where the company i...
Karo Kes Honeywell International ( HON ) on Monday said it will provide petrochemical processing technologies and catalysts to Dangote Petroleum Refinery and Petrochemicals in Nigeria, part of an expansion aimed at increasing local production of plastics inputs and detergent ingredients. The agreement centers on Dangote’s refinery and petrochemical complex in Lekki, near Lagos, where the company is building out downstream manufacturing capacity tied to its large refining operation. The deal underscores a broader trend in emerging markets where large energy producers are seeking to move further into higher-margin petrochemicals rather than exporting raw fuels or relying on imported manufactured inputs. For investors, the project highlights continued demand for Honeywell’s ( HON ) industrial process licensing and catalyst businesses, while also signaling Dangote’s push to diversify revenue streams beyond fuel refining as Nigeria and West Africa seek greater industrial self-sufficiency. Under the arrangement, Dangote will use Honeywell ( HON ) UOP’s Oleflex technology to produce an additional 750,000 metric tons of propylene annually. Propylene is a key feedstock used in packaging, consumer goods and industrial materials. Dangote also plans to deploy other Honeywell ( HON ) UOP technologies and catalysts to produce 400,000 metric tons per year of linear alkylbenzene, or LAB, a chemical commonly used in detergents and cleaning products. Honeywell said the Lekki LAB facility would rank among the world’s largest once fully operational. Financial terms of the agreement were not disclosed. Dangote President Aliko Dangote said the project is intended to support Nigeria’s industrial base and reduce import dependence. Honeywell said it has worked with Dangote on the development of the Nigerian refinery through process technologies, automation systems and engineering support. The companies said Dangote is using Honeywell ( HON ) technology as part of plans to expand refining ca...
Alphabet has successfully defended its dominance, effectively becoming a proxy for the global economy. While its current valuation is sound, its huge scale now creates a growth ceiling tethered to global GDP, forcing a dilemma where future outperformance depends on inventing entirely new market paradigms.
Alphabet has successfully defended its dominance, effectively becoming a proxy for the global economy. While its current valuation is sound, its huge scale now creates a growth ceiling tethered to global GDP, forcing a dilemma where future outperformance depends on inventing entirely new market paradigms.
Coach comes out of five-man shortlist to land role Will aim to help England lift Rugby League World Cup The former Leeds Rhinos coach Brian McDermott will be named as Shaun Wane’s successor as head coach of the England men’s national team later this week. McDermott, the most successful coach in Super League history having guided Leeds Rhinos to eight major honours during his time with the club, ha...
Coach comes out of five-man shortlist to land role Will aim to help England lift Rugby League World Cup The former Leeds Rhinos coach Brian McDermott will be named as Shaun Wane’s successor as head coach of the England men’s national team later this week. McDermott, the most successful coach in Super League history having guided Leeds Rhinos to eight major honours during his time with the club, has seen off interest from the likes of Sam Burgess and the current Rhinos coach, Brad Arthur, to land the honour of taking England to this autumn’s Rugby League World Cup in Australia. Continue reading...
As AI layoffs threaten the white-collar workforce, the $700 billion data center build-out is minting six-figure technician roles, and employers can’t fill them fast enough.
As AI layoffs threaten the white-collar workforce, the $700 billion data center build-out is minting six-figure technician roles, and employers can’t fill them fast enough.
The US Supreme Court expressed little enthusiasm for curbing one of the Securities and Exchange Commission ’s most important enforcement tools, as the justices weighed restricting the financial watchdog for the fourth time in a decade. Hearing arguments in Washington Monday, the court considered whether the SEC must show identifiable investor harm in order to win “disgorgement,” a legal remedy des...
The US Supreme Court expressed little enthusiasm for curbing one of the Securities and Exchange Commission ’s most important enforcement tools, as the justices weighed restricting the financial watchdog for the fourth time in a decade. Hearing arguments in Washington Monday, the court considered whether the SEC must show identifiable investor harm in order to win “disgorgement,” a legal remedy designed to recoup illicit profits and return them to victims. Read More: SEC Power to Recoup Illicit Profits Challenged at Supreme Court The high court limited the SEC’S disgorgement power in 2020, and critics of the commission are looking to build on that ruling. But even Justice Clarence Thomas , who had voted to bar the use of disgorgement altogether in 2020, indicated he isn’t a sure bet this time around. Thomas told a lawyer arguing for new restrictions that “the world has changed in this area” because of a statute Congress passed in the aftermath of the 2020 ruling. Although Monday’s session wasn’t definitive, the court spent less than a half hour questioning a Justice Department lawyer representing the SEC, which wants to keep its disgorgement powers. That’s potentially a positive sign for the government from a court that often spends more than an hour peppering government lawyers with skeptical queries. The court’s ruling will shape a panoply of SEC cases in which victims aren’t easy to pinpoint, from low-profile record-keeping violations to major insider trading allegations. The SEC used disgorgement to secure orders for more than $6 billion in fiscal 2024 and almost $11 billion last year. The clash could also affect the SEC’s lawsuit against Elon Musk for allegedly flouting a deadline to disclose his growing stake in Twitter, now known as X, and in the process saving himself more than $150 million. In a suit filed days before President Donald Trump took office, the SEC is seeking disgorgement as well as civil penalties. Musk and the SEC told a judge earlier this mon...
Vertiv is set to report Q1'26 results on April 22, with AI-driven order growth, a deep cooling portfolio, and an expanding partner base that includes NVIDIA.
Vertiv is set to report Q1'26 results on April 22, with AI-driven order growth, a deep cooling portfolio, and an expanding partner base that includes NVIDIA.
BlackBerry (NYSE:BB) stock is up 15% in Monday afternoon trading, rising from $4.86 to $5.59, after the company announced an expanded collaboration with NVIDIA (NASDAQ:NVDA), partnering to integrate its QNX safety-critical operating system into advanced edge AI applications. BB stock is up 80% over the past year. The announcement lands at a moment when BlackBerry ... BlackBerry Surges 15% on NVIDI...
BlackBerry (NYSE:BB) stock is up 15% in Monday afternoon trading, rising from $4.86 to $5.59, after the company announced an expanded collaboration with NVIDIA (NASDAQ:NVDA), partnering to integrate its QNX safety-critical operating system into advanced edge AI applications. BB stock is up 80% over the past year. The announcement lands at a moment when BlackBerry ... BlackBerry Surges 15% on NVIDIA Deal: Is the Long-Awaited Revaluation Finally Here?
Las Vegas, NV, April 20, 2026 (GLOBE NEWSWIRE) -- The Prediction Markets Conference 2026 will take place from April 22-24 at MEET in Downtown Las Vegas, bringing together leading founders, traders, investors, and researchers from across the ecosystem. As prediction markets gain traction as tools for real-time forecasting and price discovery, the event will convene 300 of the most active participan...
Las Vegas, NV, April 20, 2026 (GLOBE NEWSWIRE) -- The Prediction Markets Conference 2026 will take place from April 22-24 at MEET in Downtown Las Vegas, bringing together leading founders, traders, investors, and researchers from across the ecosystem. As prediction markets gain traction as tools for real-time forecasting and price discovery, the event will convene 300 of the most active participants, offering high-signal discussions alongside curated networking and partnership-driven engagement.