Getty Images By Magdalena Ocampo, Market Strategist Before geopolitics moved to the foreground, AI was the dominant force shaping equity markets. By late last year, however, enthusiasm had begun to fade. Concerns around debt‑funded AI capex, circular investment dynamics among large tech firms, and elevated valuations weighed on sentiment. In February, those worries intensified as rapid AI advances...
Getty Images By Magdalena Ocampo, Market Strategist Before geopolitics moved to the foreground, AI was the dominant force shaping equity markets. By late last year, however, enthusiasm had begun to fade. Concerns around debt‑funded AI capex, circular investment dynamics among large tech firms, and elevated valuations weighed on sentiment. In February, those worries intensified as rapid AI advances threatened to disrupt incumbent digital business models, triggering a sharp sell‑off and raising questions about whether the long-running tech rally had finally peaked. That narrative reversed quickly. As conflict-driven energy shocks unsettled markets in March—hitting cyclicals and international equities particularly hard, especially in Europe and Asia—U.S. technology stocks reasserted themselves as a perceived safe haven. Semiconductors, hardware, and software stocks stabilized and, notably, even outperformed defense stocks. While this relative performance during a geopolitical shock is unusual, it reinforces the view that tech’s earnings resilience and structural growth remain attractive amid rising macro uncertainty. Yet, this renewed appetite risks obscuring important vulnerabilities. Beneath the surface, global technology supply chains—especially semiconductors—are highly exposed to geopolitical disruption, both directly through energy dependence and indirectly through critical inputs. Energy: an underappreciated chokepoint for semiconductors Semiconductor manufacturing is highly energy-intensive and depends on uninterrupted power; even brief outages can destroy wafers and halt production. This creates a significant vulnerability given the geographic concentration of advanced chipmaking. Taiwan’s TSMC and South Korea’s Samsung dominate global supply, with Taiwan alone producing more than 90% of advanced semiconductors. Both economies are heavily reliant on imported energy, leaving this critical supply chain exposed to Middle East tensions. Around 60-70% of crude oil ...
The U.S. job market perked up last month as employers added 178,000 jobs. The unemployment rate dipped to 4.3%, mainly because the number of people seeking work declined. (Image credit: Joe Raedle)
The U.S. job market perked up last month as employers added 178,000 jobs. The unemployment rate dipped to 4.3%, mainly because the number of people seeking work declined. (Image credit: Joe Raedle)
No one has a crystal ball, so pinpointing exactly where any stock will be in a week, a month, a year, or five years is impossible. On the other hand, investors crave clarity, and saying a stock is going to be higher or lower over a given time frame is stating the obvious. It doesn't do much to reduce ambiguity. With those disclaimers out of the way, market participants aren't going out on a limb w...
No one has a crystal ball, so pinpointing exactly where any stock will be in a week, a month, a year, or five years is impossible. On the other hand, investors crave clarity, and saying a stock is going to be higher or lower over a given time frame is stating the obvious. It doesn't do much to reduce ambiguity. With those disclaimers out of the way, market participants aren't going out on a limb when expecting Lockheed Martin (NYSE: LMT) to potentially trade noticeably higher in five years than where it resides as of March 31, which is around $600. That's down from a February flirtation with $700, or $692 to be precise, and that pullback may spell opportunity when it comes to getting involved with Lockheed Martin stock . The dip is one reason to consider this defense stock now. Still, for investors looking to the F-16 manufacturer as a long-term portfolio centerpiece, there's a sturdy fundamental outlook supporting that view. Continue reading
Magellan Asset Management, an investment management company, released the fourth quarter 2025 investor letter for “Magellan Global Fund”. A copy of the letter can be downloaded here. The fund focuses on investing in outstanding companies at attractive prices and, at the same time, leverages a deep understanding of the macroeconomic landscape to manage risk. As […]
Magellan Asset Management, an investment management company, released the fourth quarter 2025 investor letter for “Magellan Global Fund”. A copy of the letter can be downloaded here. The fund focuses on investing in outstanding companies at attractive prices and, at the same time, leverages a deep understanding of the macroeconomic landscape to manage risk. As […]
In recent trading, shares of Erasca Inc (Symbol: ERAS) have crossed above the average analyst 12-month target price of $17.70, changing hands for $17.81/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation
In recent trading, shares of Erasca Inc (Symbol: ERAS) have crossed above the average analyst 12-month target price of $17.70, changing hands for $17.81/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation
In recent trading, shares of Plains All American Pipeline LP (Symbol: PAA) have crossed above the average analyst 12-month target price of $22.12, changing hands for $22.14/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: do
In recent trading, shares of Plains All American Pipeline LP (Symbol: PAA) have crossed above the average analyst 12-month target price of $22.12, changing hands for $22.14/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: do
Fourteen-, 16- and 18-year-olds arrested on suspicion of murder after incident near Woolwich Dockyard station Police have launched a murder investigation after a 14-year-old boy was fatally shot in Woolwich, south-east London. Three teenagers have been arrested on suspicion of murder. Officers received reports of a shooting on Lord Warwick Street, Woolwich, at about 3.40pm on Thursday, the Metropo...
Fourteen-, 16- and 18-year-olds arrested on suspicion of murder after incident near Woolwich Dockyard station Police have launched a murder investigation after a 14-year-old boy was fatally shot in Woolwich, south-east London. Three teenagers have been arrested on suspicion of murder. Officers received reports of a shooting on Lord Warwick Street, Woolwich, at about 3.40pm on Thursday, the Metropolitan police said. Continue reading...
Memory chips, GPU accelerators, and AI cloud infrastructure are posting some of the most explosive earnings numbers in semiconductor history, yet the ETF built around them has barely moved this year. That disconnect is the central tension any investor needs to understand before buying iShares Future AI & Tech ETF (NYSEARCA:ARTY). What ARTY Is Actually ... Investors Chasing AI Hardware Gains May Wa...
Memory chips, GPU accelerators, and AI cloud infrastructure are posting some of the most explosive earnings numbers in semiconductor history, yet the ETF built around them has barely moved this year. That disconnect is the central tension any investor needs to understand before buying iShares Future AI & Tech ETF (NYSEARCA:ARTY). What ARTY Is Actually ... Investors Chasing AI Hardware Gains May Want to Rethink ARTY Before Adding More Exposure
President Donald Trump on Friday said the US can open the Strait of Hormuz with a little more time, as pressure mounts for his administration to find a quick resolution to a war against Iran. “With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL,& MAKE A FORTUNE,” he said in a post on Truth Social. Nearly five weeks after it started with a joint US-Israeli aerial assaul...
President Donald Trump on Friday said the US can open the Strait of Hormuz with a little more time, as pressure mounts for his administration to find a quick resolution to a war against Iran. “With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL,& MAKE A FORTUNE,” he said in a post on Truth Social. Nearly five weeks after it started with a joint US-Israeli aerial assault, the war in Iran continues to spread chaos across the region and roil financial markets, raising...
Active management in large-cap growth has a credibility problem. Most active funds charge more, trade more, and deliver less than the index over time. Fidelity Fundamental Large Cap Growth ETF (NYSEARCA:FFLG) is trying to change that narrative, and its recent results give it a real argument. Whether it belongs in a portfolio depends on what ... Fidelity’s Active Large-Cap Growth ETF FFLG Is Winnin...
Active management in large-cap growth has a credibility problem. Most active funds charge more, trade more, and deliver less than the index over time. Fidelity Fundamental Large Cap Growth ETF (NYSEARCA:FFLG) is trying to change that narrative, and its recent results give it a real argument. Whether it belongs in a portfolio depends on what ... Fidelity’s Active Large-Cap Growth ETF FFLG Is Winning the Battle but Losing the War
Stripping the Magnificent 7 from the S&P 500 sounds like a contrarian bet, but it has quietly outperformed the full index so far in 2026. The question for income-focused investors is whether the dividend that comes with this strategy is worth building around. Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) holds the S&P 500 with ... The S&P 500 Without Big Tech Is Quietly Beating the Full Index in 2...
Stripping the Magnificent 7 from the S&P 500 sounds like a contrarian bet, but it has quietly outperformed the full index so far in 2026. The question for income-focused investors is whether the dividend that comes with this strategy is worth building around. Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) holds the S&P 500 with ... The S&P 500 Without Big Tech Is Quietly Beating the Full Index in 2026
Magellan Asset Management, an investment management company, released the fourth quarter 2025 investor letter for “Magellan Global Fund”. A copy of the letter can be downloaded here. The fund focuses on investing in outstanding companies at attractive prices and, at the same time, leverages a deep understanding of the macroeconomic landscape to manage risk. As […]
Magellan Asset Management, an investment management company, released the fourth quarter 2025 investor letter for “Magellan Global Fund”. A copy of the letter can be downloaded here. The fund focuses on investing in outstanding companies at attractive prices and, at the same time, leverages a deep understanding of the macroeconomic landscape to manage risk. As […]
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
In recent trading, shares of Nokia Corp (Symbol: NOK) have crossed above the average analyst 12-month target price of $8.30, changing hands for $8.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, o
In recent trading, shares of Nokia Corp (Symbol: NOK) have crossed above the average analyst 12-month target price of $8.30, changing hands for $8.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, o