Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Materials Select Sector SPDR ETF (Symbol: XLB) where we have detected an approximate $285.3 million dollar inflow -- that's a 4.2% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Materials Select Sector SPDR ETF (Symbol: XLB) where we have detected an approximate $285.3 million dollar inflow -- that's a 4.2% incre
European Union lawmakers will hold an emergency meeting Monday to reassess the bloc’s trade deal with the US following the Supreme Court’s decision to strike down some of President Donald Trump ’s global tariffs. The European Parliament’s trade committee had been expected to vote Tuesday to move forward with the ratification process of the US-EU agreement. EU lawmakers previously froze the ratific...
European Union lawmakers will hold an emergency meeting Monday to reassess the bloc’s trade deal with the US following the Supreme Court’s decision to strike down some of President Donald Trump ’s global tariffs. The European Parliament’s trade committee had been expected to vote Tuesday to move forward with the ratification process of the US-EU agreement. EU lawmakers previously froze the ratification process after Trump threatened to annex Greenland. “The decision by the Supreme Court was expected,” Bernd Lange , chairman the trade committee said in a statement to Bloomberg. “The legal basis for the unjustified tariffs was not correct.” Lange wrote on social media that “we must now carefully evaluate” the ruling and “assess possible implications on the ongoing work” to ratify the agreement. The trade pact would erase tariffs on most US goods and set a 15% tariff on EU products. The bloc struck the uneven deal last summer in the hopes of avoiding a full-blown trade war and retaining US security backing. Parliament had been aiming to ratify the agreement in March. Friday’s ruling has now cast doubt on that timeline and the entire accord, given the uncertain legal status of Trump’s tariffs. Read More: Trump’s Global Tariffs Struck Down by US Supreme Court “Judges have shown that even an US president does not operate in a legal vacuum,” Lange said. Even before Friday’s ruling, EU lawmakers had introduced some changes to the US trade deal, including a sunset clause, that raised questions about its adoption. Read more: EU Lawmakers Advance US Trade Deal With Fresh Conditions After Friday’s ruling, the European Commission, the EU executive’s arm, said in a statement that it remained in close contact with Washington as it sought clarity on the administration’s steps.
In trading on Friday, shares of Superior Plus Corp (TSX: SPB.TO) crossed below their 200 day moving average of $7.51, changing hands as low as $6.27 per share. Superior Plus Corp shares are currently trading off about 18% on the day. The chart below shows the one year performa
In trading on Friday, shares of Superior Plus Corp (TSX: SPB.TO) crossed below their 200 day moving average of $7.51, changing hands as low as $6.27 per share. Superior Plus Corp shares are currently trading off about 18% on the day. The chart below shows the one year performa
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. Stocks reversed higher after the Supreme Court on Friday struck down the bulk of President Donald Trump's tariffs . The S & P 500 had been down earlier in the session on softer GDP growth . In portfolio moves, we decided to exit our position in Tex...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. Stocks reversed higher after the Supreme Court on Friday struck down the bulk of President Donald Trump's tariffs . The S & P 500 had been down earlier in the session on softer GDP growth . In portfolio moves, we decided to exit our position in Texas Roadhouse on Friday after lackluster earnings . The stock opened higher as Wall Street looked past high beef prices because of accelerating comp sales. "They have a true cattle problem that's the worst in American history," Jim Cramer said Friday. Shares later turned lower. We also trimmed Qnity Electronics when it was up earlier after a nice recent run in the DuPont spin-off. Shares of Qnity turned slight lower later. 2. The high court ruling that Trump exceeded his authority with emergency tariffs puts a lot balls in the air — not the least of which whether the president will reimpose the levies under a different mechanism. As we wrote Thursday , the court's decision is welcome news for consumer-facing companies. "If you own companies like retailers like we do, like Nike , you're going to be excited," Jim said. On the other hand, the market is "circumspect about how much this is going to end up really scrapping the tariffs," Jim added. That's likely why retail and consumer stocks were not up more on the news, with most of them turning lower. 3. Shares of Corning rose 7% on Friday, making it one of the biggest gainers in the S & P 500 after UBS increased its price target to $160 from $125 — a new Street high. The analysts raised their sales and earnings forecasts based on the high capital expenditure spending plans from hyperscalers. Part of that spend will go toward Corning's fiber-optic cable and connectivity solutions to support AI data center expansions. Analysts believe there could be more capex revisions higher after Nvidia reports earnings next week, which could ...
EasyBuy4u/iStock Unreleased via Getty Images I like the energy drink category. In many ways, personally, I like to drink Monster ( MNST ) occasionally, and I liked it when I tried Celsius Holdings, Inc. ( CELH ) in the US, although it is not yet available in Brazil. But the other reason I like it is that it seems to me that it is still a category that should be able to grow significantly in the co...
EasyBuy4u/iStock Unreleased via Getty Images I like the energy drink category. In many ways, personally, I like to drink Monster ( MNST ) occasionally, and I liked it when I tried Celsius Holdings, Inc. ( CELH ) in the US, although it is not yet available in Brazil. But the other reason I like it is that it seems to me that it is still a category that should be able to grow significantly in the coming years, not only with the core organic energy drink, but also with related products and other optionalities that brands can invest in. Since my last article on Celsius stock, there have been some positive changes in the case, and the market has recognized this less uncertain future and caused the stock to rise ~50% in about a year. I still think Celsius is a good company, but the profile here has changed a bit. With this multiple expansion, we are no longer dealing with a high-risk, high-reward stock. The execution risk exists, and the prospects are encouraging, but now the margin of safety has decreased, and to unlock upside, the company will really need to prove that it can compound in the coming years. Celsius Case Got Better In my last article (check it here ), Celsius was still having some optimization issues, and this has now been practically resolved, which alleviates some of the market's concerns. But another very important point is that, in the meantime, PepsiCo ( PEP ) has increased its stake in CELH. This point is very important because, while there was some noise about this partnership before (due to lower purchases that occurred because of inventory issues), in recent quarters it has become clear that Celsius is central to PepsiCo's beverage strategy. If Celsius lost PepsiCo's power, it could be a big problem for the case's prospects. In this competitive landscape, already dominated by Monster and Red Bull, the brand does matter, which is one of the positives for Celsius, but distribution and pricing matter even more in my view. By meeting these 3 “requirem...
Investors in Moderna Inc (Symbol: MRNA) saw new options begin trading this week, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly trading contracts r
Investors in Moderna Inc (Symbol: MRNA) saw new options begin trading this week, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly trading contracts r
Dozens of the animals in Chiang Mai region first began to show signs of illness earlier this month A highly contagious virus is believed to have caused the deaths of 72 captive tigers in northern Thailand this month, with officials racing to contain the outbreak. Teams are urgently disinfecting enclosures and preparing to vaccinate surviving animals. Continue reading...
Dozens of the animals in Chiang Mai region first began to show signs of illness earlier this month A highly contagious virus is believed to have caused the deaths of 72 captive tigers in northern Thailand this month, with officials racing to contain the outbreak. Teams are urgently disinfecting enclosures and preparing to vaccinate surviving animals. Continue reading...
Investors in LKQ Corp (Symbol: LKQ) saw new options begin trading this week, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the LKQ options chain for the new April 17th contracts and identified one put and one call contra
Investors in LKQ Corp (Symbol: LKQ) saw new options begin trading this week, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the LKQ options chain for the new April 17th contracts and identified one put and one call contra
Investors in Lyft Inc (Symbol: LYFT) saw new options become available this week, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly available contracts
Investors in Lyft Inc (Symbol: LYFT) saw new options become available this week, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly available contracts
Investors in Fox Corp (Symbol: FOX) saw new options become available this week, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly available contracts
Investors in Fox Corp (Symbol: FOX) saw new options become available this week, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly available contracts
Investors in Kodiak Sciences Inc (Symbol: KOD) saw new options become available this week, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the KOD options chain for the new April 17th contracts and identified one put and o
Investors in Kodiak Sciences Inc (Symbol: KOD) saw new options become available this week, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the KOD options chain for the new April 17th contracts and identified one put and o
Investors in DraftKings Inc (Symbol: DKNG) saw new options become available this week, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DKNG options chain for the new April 17th contracts and identified one put and one
Investors in DraftKings Inc (Symbol: DKNG) saw new options become available this week, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DKNG options chain for the new April 17th contracts and identified one put and one
Investors in Fox Corp (Symbol: FOXA) saw new options begin trading this week, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly trading contracts
Investors in Fox Corp (Symbol: FOXA) saw new options begin trading this week, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly trading contracts
Investors in DocuSign Inc (Symbol: DOCU) saw new options begin trading this week, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DOCU options chain for the new April 17th contracts and identified one put and one call
Investors in DocuSign Inc (Symbol: DOCU) saw new options begin trading this week, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DOCU options chain for the new April 17th contracts and identified one put and one call
Kevin Dietsch/Getty Images News Compass ( COMP ) stock fell 3.2% in Friday midday trading following a report that Senator Elizabeth Warren (D-MA) questioned the Justice Department about its review of Compass's Anywhere Real Estate acquisition. The transaction was completed in January, less than four months after the $10B all-stock merger agreement was announced. On the same day that the deal close...
Kevin Dietsch/Getty Images News Compass ( COMP ) stock fell 3.2% in Friday midday trading following a report that Senator Elizabeth Warren (D-MA) questioned the Justice Department about its review of Compass's Anywhere Real Estate acquisition. The transaction was completed in January, less than four months after the $10B all-stock merger agreement was announced. On the same day that the deal closed, the Wall Street Journal reported that the head of the DOJ's antitrust division wanted an extended review of the real estate brokerage deal but was overruled by senior officials. The letter, from Warren and U.S. Representative Becca Balint (D-VT), was issued after the DOJ antitrust official, Gail Slater, was ousted last week,"r aising questions about whether political interference is causing DOJ to stymie critical antitrust reviews of massive mergers that threaten to raise costs for consumers," according to Warren's press release. "The merger combines two of the nation’s largest residential real-estate brokerages, creating the largest agent network in the country — and raising antitrust and competition concerns," according to Warren's press release. The lawmakers said the combination, forming the largest agent network in the country, could make home purchases less affordable by increasing costs for consumers. "Affordability is even further constrained by market consolidations that hamstring consumers’ ability to negotiate agent commissions or limit their access to supply options through private home listing services, a practice being widely adopted by Compass," Warren and Balint said in the letter. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Compass Compass: The Upside Opportunity Is Unsettling At This Price Level Compass: Strong Scale Advantage Compass said to have lost bid to halt part of Zillow's listing ban policy Seeking Alpha’s Quant R...
Two skulls from Yunxian, in northern China, aren’t ancestors of Denisovans after all; they’re actually the oldest known Homo erectus fossils in eastern Asia. A recent study has re-dated the skulls to about 1.77 million years old, which makes them the oldest hominin remains found so far in East Asia. Their age means that Homo erectus (an extinct common ancestor of our species, Neanderthals, and Den...
Two skulls from Yunxian, in northern China, aren’t ancestors of Denisovans after all; they’re actually the oldest known Homo erectus fossils in eastern Asia. A recent study has re-dated the skulls to about 1.77 million years old, which makes them the oldest hominin remains found so far in East Asia. Their age means that Homo erectus (an extinct common ancestor of our species, Neanderthals, and Denisovans) must have spread across the continent much earlier and much faster than we’d previously given them credit for. It also sheds new light on who was making stone tools at some even older archaeological sites in China. Homo erectus spread like wildfire Yunxian is an important—and occasionally contentious—archaeological site on the banks of central China’s Han River. Along with hundreds of stone tools and animal bones, the layers of river sediment have yielded three nearly complete hominin skulls (only two of which have been described in a publication so far). Shantou University paleoanthropologist Hua Tu and his colleagues measured the ratio of two isotopes, aluminum-26 and beryllium-10, in grains of quartz from the sediment layer that once held the skulls. The results suggest that Homo erectus lived and died along the Han River 1.77 million years ago. That's just 130,000 years after the species first appeared in Africa. Read full article Comments
JasonDoiy/iStock Unreleased via Getty Images As discussed in my previous coverage on Intel ( INTC ), the company’s stock gains in recent months remain primarily driven by external validation rather than tangible operational progress. In addition to the lack of follow-up on high-profile investments and strategic collaborations announced with industry partners like Nvidia ( NVDA ), Intel’s core Clie...
JasonDoiy/iStock Unreleased via Getty Images As discussed in my previous coverage on Intel ( INTC ), the company’s stock gains in recent months remain primarily driven by external validation rather than tangible operational progress. In addition to the lack of follow-up on high-profile investments and strategic collaborations announced with industry partners like Nvidia ( NVDA ), Intel’s core Client Compute Group’s (“CCG”) growth outlook is also at risk of being mired by implications of intensifying memory cost inflation. These concerns were on full display at Intel’s latest earnings update. In addition to the lack of step-up in external Foundry volumes and 14A development progress, management also confirmed extended limitations to CCG’s revenue opportunity this year amid accelerating memory pricing dynamics. More importantly, Intel’s acute server CPU supply constraints represented a standout issue. As I’ve discussed in previous coverages on the stock, Intel’s maintained a poor track record in capitalizing on secular growth opportunities. Instead of capitalizing on high-performance compute (“HPC”) momentum during the height of the cloud era in the early 2020s, Intel’s multi-year delay on its 4 th Gen Xeon “ Sapphire Rapids ” processors has shipped into a cyclical downturn in 2023 instead. This has resulted in permanent share loss to key rival AMD’s ( AMD ) EPYC server CPUs, which remain a competitive x86 alternative to Intel’s Xeon processors. The mishap was most recently repeated in the Gaudi accelerator roadmap’s failure to capitalize on opportunities from the rapidly scaling AI compute supercycle. This has essentially left Intel structurally disadvantaged in the transition to accelerated data centers over the past two years. Yet as CPUs make a comeback, driven in part by their renewed relevance in supporting high-volume inference, Intel’s Xeon line-up is running into acute supply constraints instead. This is further exacerbated by intensifying competition coming ...