JHVEPhoto/iStock Editorial via Getty Images I am very happy that I decided to add more Micron ( MU ) shares after my previous bullish update on the stock in early November because the share price has soared by 75% since then. As my updated valuation analysis suggests, this aggressive rally was absolutely justified because Micron's earnings revisions are outpacing its share price growth. Therefore,...
JHVEPhoto/iStock Editorial via Getty Images I am very happy that I decided to add more Micron ( MU ) shares after my previous bullish update on the stock in early November because the share price has soared by 75% since then. As my updated valuation analysis suggests, this aggressive rally was absolutely justified because Micron's earnings revisions are outpacing its share price growth. Therefore, we are in a unique situation with an aggressive rally accompanied by shrinking multiples, meaning that Micron is still very attractively valued. I am confident in the company's ability to maintain aggressive earnings growth over the next few years because of the company's proven success record of capitalizing on AI tailwinds. The HBM market experiences an unprecedented shortage, which helps Micron to exercise strong pricing power. Therefore, the company enjoys not only soaring volumes sold but also higher selling prices. Fundamentals keep strengthening Recently, the Semiconductor Industry Association ('the Association') recently shared a forecast that semiconductor sales will reach almost $1 trillion globally in 2026. This means that the entire industry will expand by 25%+ YoY, which will mirror the growth rate demonstrated by the industry in 2025. This is certainly a robust tailwind for prominent semiconductor players like Micron, as it means that even despite the rule of large numbers, the industry's expansion pace isn't cooling down. Dollar-wise, the industry is expected to expand by $200+ billion in 2026, compared to a ~$160 billion increase in 2025. I tend to agree with this aggressive forecast from the Association because the Q4 earnings season revealed big goals of the largest tech companies to significantly increase investments in AI infrastructure. SA Micron's revenue growth rate has been accelerating aggressively over the last three quarters, which is a solid piece of evidence confirming the company's ability to capitalize on AI tailwinds. Furthermore, Wall Stree...
JHVEPhoto/iStock Editorial via Getty Images I am very happy that I decided to add more Micron ( MU ) shares after my previous bullish update on the stock in early November because the share price has soared by 75% since then. As my updated valuation analysis suggests, this aggressive rally was absolutely justified because Micron's earnings revisions are outpacing its share price growth. Therefore,...
JHVEPhoto/iStock Editorial via Getty Images I am very happy that I decided to add more Micron ( MU ) shares after my previous bullish update on the stock in early November because the share price has soared by 75% since then. As my updated valuation analysis suggests, this aggressive rally was absolutely justified because Micron's earnings revisions are outpacing its share price growth. Therefore, we are in a unique situation with an aggressive rally accompanied by shrinking multiples, meaning that Micron is still very attractively valued. I am confident in the company's ability to maintain aggressive earnings growth over the next few years because of the company's proven success record of capitalizing on AI tailwinds. The HBM market experiences an unprecedented shortage, which helps Micron to exercise strong pricing power. Therefore, the company enjoys not only soaring volumes sold but also higher selling prices. Fundamentals keep strengthening Recently, the Semiconductor Industry Association ('the Association') recently shared a forecast that semiconductor sales will reach almost $1 trillion globally in 2026. This means that the entire industry will expand by 25%+ YoY, which will mirror the growth rate demonstrated by the industry in 2025. This is certainly a robust tailwind for prominent semiconductor players like Micron, as it means that even despite the rule of large numbers, the industry's expansion pace isn't cooling down. Dollar-wise, the industry is expected to expand by $200+ billion in 2026, compared to a ~$160 billion increase in 2025. I tend to agree with this aggressive forecast from the Association because the Q4 earnings season revealed big goals of the largest tech companies to significantly increase investments in AI infrastructure. SA Micron's revenue growth rate has been accelerating aggressively over the last three quarters, which is a solid piece of evidence confirming the company's ability to capitalize on AI tailwinds. Furthermore, Wall Stree...
Zerbor/iStock via Getty Images Zscaler ( ZS ) investors are undoubtedly going through a frustrating drawdown. In fact, the stock has almost been cut in half from its peak in November. However, many will be hoping that the cybersecurity company's upcoming earnings report will turn things around. In this article, I will be going over what investors should expect on February 26th after the market clo...
Zerbor/iStock via Getty Images Zscaler ( ZS ) investors are undoubtedly going through a frustrating drawdown. In fact, the stock has almost been cut in half from its peak in November. However, many will be hoping that the cybersecurity company's upcoming earnings report will turn things around. In this article, I will be going over what investors should expect on February 26th after the market closes and why I am bullish on the stock long-term, unless something catastrophic happens. Q2 Expectations To begin with, we'll take a look at what Wall Street expects. For Zscaler's second quarter of fiscal year 2026, analysts, on average, expect adjusted earnings per share of $0.90 on revenue of $798.92 million. Compared to the same period of last year, the calculated growth rates come out to over 15% for EPS and more than 23% for revenue. However, it is important to mention that Zscaler has a solid track record of beating earnings, and usually by a large margin. So, if this trend continues, investors should expect an adjusted EPS that is closer to $1 and revenue of more than $800 million. The only issue with this is that other investors may be anticipating the same thing, which means that results that are in line or just a slight beat will unlikely be enough to push the stock up meaningfully in the short term. Nevertheless, there are catalysts that, I believe, will ultimately turn Zscaler's performance around. The Z-Flex Program The first catalyst is Zscaler's Z-Flex program, which allows customers to increase their usage of its products with less friction. This is because users commit to spending a certain amount of money upfront on different services as needed, instead of negotiating new contracts each time they want to add a new product. This is especially useful for larger organizations that take longer to make decisions due to budgeting constraints and the need for multiple layers of managerial approval. As a result, the company is more likely to capture new revenue fa...
Denis Shevchuk/iStock via Getty Images Roughly a year ago, I put out an article titled “Energy Transfer: [My] Favorite Energy Stock for 2025.” In it, I made the case that Energy Transfer ( ET ), one of America’s largest midstream pipeline and energy storage firms, would outperform the energy sector as an increase in supply - and subsequent decrease in price - would take a toll on drillers, boost v...
Denis Shevchuk/iStock via Getty Images Roughly a year ago, I put out an article titled “Energy Transfer: [My] Favorite Energy Stock for 2025.” In it, I made the case that Energy Transfer ( ET ), one of America’s largest midstream pipeline and energy storage firms, would outperform the energy sector as an increase in supply - and subsequent decrease in price - would take a toll on drillers, boost volumes, and drive profit at the energy 'toll road' company. Trading at a more attractive valuation than peers, and set up to grow rapidly on the back of two successive acquisitions, I thought ET was the best positioned MLP to own. In some ways, my article was correct. Energy prices, particularly crude oil, did stay stable or decrease in price throughout 2025. However, ET reported a number of timing issues with projects - and net income bumpiness as a result of one off tax items - that ended up being a drag on the stock: TradingView With distributable cash flows down roughly $200 million between 2024 and 2025, it is no surprise that ET produced a negative total return of about -10% throughout the year. However, if you view the company’s results in a different light, things appear much rosier for 2026 and 2027. Big investments in growth capex will likely mature, pushing up adjusted EBITDA by more than 11%. At the same time, despite increased costs throughout 2025, ET’s adjusted EBITDA actually grew by roughly $400 million YoY, indicating that the deterioration narrative around ET’s long-term earnings power may be misplaced. Trading at a relative discount to peers, I see 2026 as a structural 'step up' year for the company, both in terms of EBITDA and the potential for a re-rating higher. Today, I will dive into the company’s recent results, touch on the valuation, and explain why I believe ET (and its robust 7% dividend yield) is due for a bounce back over the next 12 months. Sound good? Let’s dive in. Financials If you are unfamiliar with Energy Transfer, the company essentia...
• Medal table | Live scores and schedule | Results | Briefing • Follow us over on Bluesky | And you can email Tanya Men’s four-man bobsleigh: Team GB, in a royal blue bob are next. Brad Hall drives/steers? well and they’re very happy to slip into bronze. These are not slips of men, they’re big units and it is incredible how they fold into little balls. Hang about, how many German teams are there? ...
• Medal table | Live scores and schedule | Results | Briefing • Follow us over on Bluesky | And you can email Tanya Men’s four-man bobsleigh: Team GB, in a royal blue bob are next. Brad Hall drives/steers? well and they’re very happy to slip into bronze. These are not slips of men, they’re big units and it is incredible how they fold into little balls. Hang about, how many German teams are there? Germany two and Germany three are next in their bobs, but neither are as quick as Lochner’s quad. Continue reading...
India’s opposition called for Prime Minister Narendra Modi ’s administration to put the nation’s trade deal with the US on hold and amend it. The call comes after the US Supreme Court on Friday struck down many of the levies President Donald Trump put in place last year. After the ruling, Trump imposed a 10% global tariff on foreign goods. India earlier this month had reached an interim framework ...
India’s opposition called for Prime Minister Narendra Modi ’s administration to put the nation’s trade deal with the US on hold and amend it. The call comes after the US Supreme Court on Friday struck down many of the levies President Donald Trump put in place last year. After the ruling, Trump imposed a 10% global tariff on foreign goods. India earlier this month had reached an interim framework where Trump cut the levy on Indian goods to 18% from 25%, and also removed an extra punitive 25% duty. “In light of the recent US Supreme court order on tariffs, the government of India should put the Indo-US trade deal on hold,” said Jairam Ramesh , general secretary in-charge of communications with the main opposition Indian National Congress. “India should re-negotiate the deal.” It appears that reciprocal tariffs would no longer be applicable, said Ajay Sahai , director general of the Federation of Indian Export Organisations. “If we go by the verdict, the reciprocal tariffs are gone and now the rate is 10% for all,” except certain sectors that are exempt like pharmaceuticals and electronics, Sahai said. “So we all have a level playing field now.”
Billionaire Israel Englander runs Millennium Management, a hedge fund that outperformed the S&P 500 (SNPINDEX: ^GSPC) by 38 percentage points over the last three years. In the fourth quarter, Englander sold 3 million shares of Nvidia (NASDAQ: NVDA) , trimming his position 17%. He also bought 543,300 shares of Palantir Technologies (NASDAQ: PLTR) , doubling his stake. While Englander is a good sour...
Billionaire Israel Englander runs Millennium Management, a hedge fund that outperformed the S&P 500 (SNPINDEX: ^GSPC) by 38 percentage points over the last three years. In the fourth quarter, Englander sold 3 million shares of Nvidia (NASDAQ: NVDA) , trimming his position 17%. He also bought 543,300 shares of Palantir Technologies (NASDAQ: PLTR) , doubling his stake. While Englander is a good source of inspiration, the fourth quarter ended about 50 days ago, so investors need to reassess both stocks before making the same trades. Here are the important details. Continue reading