Roman Radziviliuk/iStock via Getty Images By Mike Maharrey Gold and silver both sold off on Friday in a correction that was probably overdue. Gold kicked off last week trading just over $5,020. As the week went on, the price soared, topping above $5,600 before crashing back below $5,000 on Friday. The yellow metal dropped as low as $4,679 before recovering to finish around $4,900, down modestly ar...
Roman Radziviliuk/iStock via Getty Images By Mike Maharrey Gold and silver both sold off on Friday in a correction that was probably overdue. Gold kicked off last week trading just over $5,020. As the week went on, the price soared, topping above $5,600 before crashing back below $5,000 on Friday. The yellow metal dropped as low as $4,679 before recovering to finish around $4,900, down modestly around 2.4 percent on the week. Even with the huge selloff, gold is still up 13 percent since the beginning of the year. Meanwhile, silver went on a similar wild ride, topping over $120 before briefly dipping below $80. It also recovered modestly late in the day, finishing around $86. Even with the selloff, silver is still up 18.7 percent since the beginning of the year. What Sparked the Selloff? Gold and silver were both due for a correction, but what sparked it? There were two headlines that created selling pressure. The first was Donald Trump’s announcement that Kevin Warsh will succeed Jerome Powell as chairman of the Federal Reserve. Warsh is considered much more hawkish than many of the other candidates. The markets were counting on the new Fed chief to be more willing to cut interest rates aggressively. As a so-called “inflation hawk,” many think Warsh won’t be quite so accommodating. A higher interest rate environment creates headwinds for gold and silver since they are non-yielding assets. I go into detail about why the reaction to Warsh was knee-jerk and irrational here . Not long after Trump announced Warsh as Fed chair, the Producer Price Index data came out and was much hotter than expected. The PPI climbed 0.5 percent month-on-month. The forecast was for a 0.2 percent rise. Core PPI surged 0.7 percent, smashing the 0.2 percent forecast. Producer prices are generally considered a leading inflation indicator, as companies pass at least some of their higher costs onto consumers. That means we could see a big jump in CPI next month, which would further dampen hopes ...
maybefalse/iStock Unreleased via Getty Images Alibaba Group Holding Limited ( BABA ) is China’s answer to the U.S.’s Amazon.com , Inc. ( AMZN ). BABA is a global e-commerce platform. BABA shares began trading on the NYSE in September 2014 at $92.70 per share. On February 2, 2026, BABA shares were 82.3% higher at $169. AMZN shares opened at $16.99 per share in September 2014. On February 2, 2026, A...
maybefalse/iStock Unreleased via Getty Images Alibaba Group Holding Limited ( BABA ) is China’s answer to the U.S.’s Amazon.com , Inc. ( AMZN ). BABA is a global e-commerce platform. BABA shares began trading on the NYSE in September 2014 at $92.70 per share. On February 2, 2026, BABA shares were 82.3% higher at $169. AMZN shares opened at $16.99 per share in September 2014. On February 2, 2026, AMZN shares were over 1,339% higher at $244.50. Chinese shares on foreign exchanges have far underperformed U.S. shares over the past years, and BABA is no exception. However, BABA has been in a bullish trend since reaching a low of $58.01 in October 2022. In 2025, BABA rose 100%, while AMZN shares rallied 9.08%. If BABA’s outperformance continues in 2026, the leveraged GraniteShares 2x Long BABA Daily ETF ( BABX ) could be a useful trading tool. BABA is a Leading Chinese Equity - The ADR Trades on the NYSE Alibaba Group Holding Limited’s company profile on Seeking Alpha states: BABA Company Profile (Seeking Alpha) An ADR, or American Depository Receipt, is a certificate issued by a U.S. bank that represents shares of stock in a foreign company. ADRs allow U.S. investors to buy and sell shares of non-U.S. companies on U.S. exchanges during U.S. trading hours, using U.S. dollars, simplifying access to international markets. BABA ADR shares trade on the NYSE. At $169 per share, BABA is a highly liquid ADR with a $404.808 billion market capitalization. BABA trades an average of over 14.826 million shares per day and pays a $2 dividend, yielding 1.18%. BABA Shares Have Exploded Higher in 2025 but Remain Far Below the All-Time High While BABA shares rallied 100% in 2025, they remain significantly below their all-time high. Monthly Chart of BABA Shares (Barchart) The long-term chart shows that BABA shares reached a record high of $319.32 in October 2020, then fell 81.8% to a low of $58.01 per share in October 2022. While the shares have nearly tripled from the October 2022 low, th...
Earnings Call Insights: Tyson Foods (TSN) Q1 2026 Management View CEO Donnie King highlighted, "our Q1 results with sales increasing to more than $14 billion, demonstrate our initiatives and our strategy are clearly working." He emphasized a significant change in segment reporting: "We've made an important change to our segment reporting measure from adjusted operating income to segment operating ...
Earnings Call Insights: Tyson Foods (TSN) Q1 2026 Management View CEO Donnie King highlighted, "our Q1 results with sales increasing to more than $14 billion, demonstrate our initiatives and our strategy are clearly working." He emphasized a significant change in segment reporting: "We've made an important change to our segment reporting measure from adjusted operating income to segment operating income as this will allow you, the investor, to see the results in the same manner that I utilize to judge the effectiveness of our business decisions and accountability for the choices we make." King also announced the closure of the Lexington, Nebraska beef facility and the scaling back of operations at the Amarillo, Texas plant to a single shift, stating, "these decisions position us to improve our overall beef capacity utilization and to compete more effectively in the beef business, both now and in the future." King reported, "our retail branded products... grew by 2.5% in volume and 3.6% in dollars, significantly outperforming the broader sector." He cited notable volume growth in brands such as Tyson national and regional branded fresh chicken (up 10.7%), Hillshire Farm lunchmeats (up 10.4%), Hillshire Snacking (up 12.5%), and Aidells sausage (up 7.2%). COO Devin Cole stated, "Prepared Foods delivered a strong quarter with sales up 8.1% versus last year... Segment operating income was $338 million, up $16 million versus prior year." Cole also noted the Chicken segment "delivered a strong first quarter, in line with the prior year with a significantly more challenging operating backdrop," achieving "3.6% year-over-year sales growth driven entirely by volume and strong consumer demand for chicken." CFO Curt Calaway explained, "For the first quarter, total company sales grew 6.2% to $14.3 billion compared to prior year, led by beef with solid contributions from Prepared Foods, chicken and pork... First quarter segment operating income was $811 million, down 12% compared...
范徐麗泰:一法影響千家萬戶 促議員作官民之間橋樑 重視審議條例草案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】前立法會主席范徐麗泰就立法會議員履職提出3點看法,包括要成為政府與市民之間的橋樑、善用質詢及無法律...
范徐麗泰:一法影響千家萬戶 促議員作官民之間橋樑 重視審議條例草案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】前立法會主席范徐麗泰就立法會議員履職提出3點看法,包括要成為政府與市民之間的橋樑、善用質詢及無法律效力的議案辯論,以及重視審議條例草案. 范徐麗泰在報章撰文,指議員須盡力將政府政策、法律草案和條例向市民解釋,蒐集民意向政府反映,又應重視審議條例草案,參與法案委員會時平衡各方利益,使條文符合訂立條例初心,並能夠行之有效。形容一條法律影響千家萬戶,香港的法治基礎就是公平可行的法律,而立法會是保障法治的基石之一,希望立法機關群策群力,避免個人主義,配合行政機關。
Iurii Garmash/iStock via Getty Images By Steffan Szumowski U.S. government support for the nuclear renaissance has taken many forms over the past couple years. These include funding advanced reactor development, awards for increasing fuel production capacity, and speeding up licensing processes. The new year has continued the trend of passing federal legislation with overwhelming bipartisan suppor...
Iurii Garmash/iStock via Getty Images By Steffan Szumowski U.S. government support for the nuclear renaissance has taken many forms over the past couple years. These include funding advanced reactor development, awards for increasing fuel production capacity, and speeding up licensing processes. The new year has continued the trend of passing federal legislation with overwhelming bipartisan support. A new Department of Energy (DOE) funding bill redirects billions of dollars to the Office of Nuclear Energy. It comes alongside announcements of a new effort to establish Nuclear Lifecycle Innovation Campuses. Billions More for the Office of Nuclear Energy Similar to the passing of the ADVANCE Act in 2024, which aimed to accelerate the development and licensing of advanced reactor designs, January saw widespread bipartisan support in the House and Senate for funding the DOE with $49 billion. Notably, the funding redirects over $3 billion from other DOE offices to the Office of Nuclear Energy. This money will be used to provide additional funding for projects under the Advanced Reactor Demonstration Program, which is a cost sharing initiative started years ago for developing next-generation reactors from companies including BWX Technologies ( BWXT ). The additional funding will also be used to fund the $800 million awarded to GE Vernova ( GEV ) and Holtec (private) for advancing their more traditional light-water small modular reactors. State Competition for Nuclear Lifecycle Innovation Campuses On Wednesday, the DOE issued a request for information (RFI) inviting states to express interest in hosting Nuclear Lifecycle Innovation Campuses. The federal government intends to partner with state governments on joint projects for hosting large campuses. Those would support activities across the entire nuclear fuel life cycle, from uranium mining through milling, conversion enrichment, and fuel fabrication. The RFI also seeks proposals for sites that could host advanced reactor...
SpaceXAI Why would you shoot rockets into space? There are some classic answers. “To slip the surly bonds of earth and touch the face of God.” “To boldly go where no man has gone before.” “Not because it is easy , but because it is hard.” “To make humans a multiplanetary species.” To extract resources from Mars or spice from Arrakis or unobtanium from Pandora . To become younger than your twin . T...
SpaceXAI Why would you shoot rockets into space? There are some classic answers. “To slip the surly bonds of earth and touch the face of God.” “To boldly go where no man has gone before.” “Not because it is easy , but because it is hard.” “To make humans a multiplanetary species.” To extract resources from Mars or spice from Arrakis or unobtanium from Pandora . To become younger than your twin . The 21st century answer, though, is mostly “to put satellites into orbit around the Earth to add functionality to our phones and televisions and computers and navigation systems.” We have some screens, down here, and the screens work better if there are some electronics up there sending them signals. It’s about improving technology down here, not exploration and adventure up there. Space flight is a complex and capital-intensive sort of consumer internet technology. These days the hot capital-intensive technology is artificial intelligence, particularly large language models that require enormous amounts of computing and electrical power to train and use. And so the natural answer, in 2026, to the question “why would you shoot rockets into space” is: “AI data centers.” You’ve got a screen, and you want to ask the screen “please write my essay for 10th-grade English” or “help me code up a consumer internet app,” and a vast space program will make the screen’s answers faster and better. The world is just interesting, you know? The great marvels of human civilization are weirdly prosaic up close. Anyway one thing that Elon Musk is doing is this (emphasis added): SpaceX is requesting permission to launch as many as 1 million satellites into the Earth’s orbit in order to pull off Elon Musk’s latest grand vision of putting data centers in space to do complex computing for artificial intelligence. In a filing with the Federal Communications Commission made late Friday, SpaceX said it’s creating the solar-powered network in order to “accommodate the explosive growth of data demands ...
This article first appeared on GuruFocus. Oracle (NYSE:ORCL) said it plans to raise up to $50 billion through a mix of equity and debt to support its cloud and artificial intelligence expansion, according to a Monday press release. The company said about half of the funding is expected to come from common and equity-linked stock offerings. The remaining portion is planned through a one-time sale o...
This article first appeared on GuruFocus. Oracle (NYSE:ORCL) said it plans to raise up to $50 billion through a mix of equity and debt to support its cloud and artificial intelligence expansion, according to a Monday press release. The company said about half of the funding is expected to come from common and equity-linked stock offerings. The remaining portion is planned through a one-time sale of investment-grade senior unsecured bonds later this year. Shares of Oracle climbed about 3% on Monday morning. The stock has fallen more than 15% since the start of January and is trading well below its recent highs. Oracle is increasing spending as major cloud providers invest heavily in data centers built to train and run large AI models. The company has cited strong demand for its cloud infrastructure business, driven in part by contracts linked to OpenAI. Investors have raised concerns about the cost of that expansion and how long it may take to produce returns. Analysts said the funding plan could help narrow the gap between Oracle's projected fiscal year 2026 capital spending and its current liquidity position. Some analysts also cautioned that issuing new shares may add dilution and pressure earnings in the near term, even as Oracle scales its AI and cloud operations.
Boyloso/iStock via Getty Images A Quick Take On Veradermics’ IPO Plan Veradermics, Incorporated ( MANE ) has filed for a proposed $200 million IPO of its common stock, per an amended SEC IPO prospectus . The company is a clinical-stage biotech firm developing a new treatment delivery modality for pattern hair loss conditions. MANE is backed by a high-quality life science investor syndicate, has ha...
Boyloso/iStock via Getty Images A Quick Take On Veradermics’ IPO Plan Veradermics, Incorporated ( MANE ) has filed for a proposed $200 million IPO of its common stock, per an amended SEC IPO prospectus . The company is a clinical-stage biotech firm developing a new treatment delivery modality for pattern hair loss conditions. MANE is backed by a high-quality life science investor syndicate, has had positive early efficacy trial results for visible hair growth with its proprietary formulation approach, and the proposed valuation at IPO appears reasonable. For patient life science investors with a one-to-two-year hold time frame, my outlook on the MANE IPO is a Buy at up to $15.00 per share. Veradermics’ Overview And Development Efforts Veradermics was founded in 2019 by two dermatologists to develop treatment formulations for male and female pattern hair loss conditions, due to the current limited treatment options and patient dissatisfaction with outcomes. The problems with current treatment modalities include slow hair growth onset, lack of density of hair growth, side effects, inconsistent results, and inconvenient treatment administration. In response, the firm has developed its VDPHL01 oral minoxidil program for various study arms, as shown in the graphic below: SEC The most advanced program, Study 302, is a Phase 2/3 trial for males that is fully enrolled and is anticipating an initial readout by the end of June 2026. The firm is essentially developing a new extended-release formulation of minoxidil, the primary active ingredient in Rogaine, but with a specialized gel-matrix delivery technology that it believes will improve actual outcomes for patients. MANE’s Market & Competitors Veradermics is seeking to address the US hair loss treatment market, which its management puts at up to $9 billion per year in revenue potential. Grand View Research’s 2024 market research report for the global hair growth supplement and treatment market put the total market size at a...
March arabica coffee (KCH26) today is up +1.30 (+0.39%), and March ICE robusta coffee (RMH26) is down -92 (-2.24%). Coffee prices are mixed today, with robusta falling to a 4-week low. Above-average rainfall in Brazil is positive for coffee yields but negative for prices. Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 69.8 mm of rain dur...
March arabica coffee (KCH26) today is up +1.30 (+0.39%), and March ICE robusta coffee (RMH26) is down -92 (-2.24%). Coffee prices are mixed today, with robusta falling to a 4-week low. Above-average rainfall in Brazil is positive for coffee yields but negative for prices. Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 69.8 mm of rain during the week ended January 30, or 117% of the historical average. Don’t Miss a Day: Some mild technical short covering lifted arabica coffee today into positive territory after prices failed take out last Friday's 5.5-month nearest-futures low. Coffee prices have been under pressure over the past week amid forecasts of steady rains in Minas Gerais, Brazil's main coffee-growing region. The outlook for ample coffee supplies is a bearish factor for prices. On December 4, Conab, Brazil's crop forecasting agency, raised its total Brazil 2025 coffee production estimate by 2.4% to 56.54 million bags, from a September estimate of 55.20 million bags. Soaring coffee exports from Vietnam, the world's largest robusta producer, are bearish for robusta prices. Vietnam's National Statistics Office reported on January 5 that Vietnam's 2025 coffee exports jumped by +17.5% y/y to 1.58 MMT. Increased Vietnamese coffee supplies are negative for prices. Vietnam's 2025/26 coffee production is projected to climb +6% y/y to 1.76 MMT, or 29.4 million bags, a 4-year high. Also, the Vietnam Coffee and Cocoa Association (Vicofa) said on October 24 that Vietnam's coffee output in 2025/26 will be 10% higher than the previous crop year if weather conditions remain favorable. Vietnam is the world's largest producer of robusta coffee. The recovery in ICE coffee inventories is negative for prices. ICE-monitored arabica inventories fell to a 1.75-year low of 398,645 bags on November 20, but recovered to a 2.5-month high of 461,829 bags on January 14. Also, ICE robusta coffee inventories fell to a 1-year low ...
The S&P 500 Index ($SPX) (SPY) today is up +0.39%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.84%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.64%. March E-mini S&P futures (ESH26) are up +0.38%, and March E-mini Nasdaq futures (NQH26) are up +0.61%. Stock indexes are moving higher today as chip makers and AI-infrastructure stocks rebound from last Friday’s losses to lift the broad...
The S&P 500 Index ($SPX) (SPY) today is up +0.39%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.84%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.64%. March E-mini S&P futures (ESH26) are up +0.38%, and March E-mini Nasdaq futures (NQH26) are up +0.61%. Stock indexes are moving higher today as chip makers and AI-infrastructure stocks rebound from last Friday’s losses to lift the broader market higher. Also, US rare-earth stocks are climbing today as President Trump is set to launch a strategic stockpile of critical minerals with $12 billion in seed money to lower reliance on China. Stock indexes added to their gains today on signs of strength in the US economy, which are positive for corporate earnings, after the Jan ISM manufacturing index expanded by the most in more than 3.25 years. Join 200K+ Subscribers: The partial US government shutdown, now in its third day, has dampened investor sentiment as markets await the House's approval of a funding deal President Trump worked out with Democrats. The funding lapse may be short-lived, however, with the House returning from a week-long break today and possibly voting on the spending bill later today or tomorrow. Energy producers are under pressure today, with WTI crude oil sinking by more than 4% as geopolitical risks ease after President Trump said the US is talking to Iran, and Iran’s foreign ministry said it hopes diplomatic efforts will avert a war. Cryptocurrency stocks are retreating today with Bitcoin (^BTCUSD) down more than -6% to a 9.75-month low. According to Coinglass, nearly $590 million in long Bitcoin positions were liquidated over the weekend. Signs of weakness in China’s economy are bearish for global growth prospects and stocks. The Shanghai Composite Stock Index fell more than -2% today to a 4-week low after the China Jan manufacturing PMI unexpectedly fell -0.8 to 49.3, weaker than expectations of no change at 50.1. Also, the Jan non-manufacturing PMI unexpectedly fell -0.8 to 49.4, weak...
葵涌石蔭邨單位起火 約百人疏散、無人傷 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】葵涌石蔭邨有單位起火,無人受傷。 起火單位外牆熏黑,玻璃窗燒至爆裂。早上七時,勇石樓十九樓一個單位起火,消防煙帽隊到場破門入屋...
葵涌石蔭邨單位起火 約百人疏散、無人傷 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】葵涌石蔭邨有單位起火,無人受傷。 起火單位外牆熏黑,玻璃窗燒至爆裂。早上七時,勇石樓十九樓一個單位起火,消防煙帽隊到場破門入屋灌救,將火勢撲熄。初步調查是電線短路起火,受火警影響,約100人疏散。
bizoo_n/iStock Editorial via Getty Images In my last two articles, I explained Bitcoin ( BTC-USD ) cyclicality around the 4-year halving cycle, which, so far, has yet to fail. But I also explained that lower interest rates should push Bitcoin price lower instead of higher, and that the M2 money supply didn’t have a leading correlation with Bitcoin prices during this bearish third year of the cycle...
bizoo_n/iStock Editorial via Getty Images In my last two articles, I explained Bitcoin ( BTC-USD ) cyclicality around the 4-year halving cycle, which, so far, has yet to fail. But I also explained that lower interest rates should push Bitcoin price lower instead of higher, and that the M2 money supply didn’t have a leading correlation with Bitcoin prices during this bearish third year of the cycle. In the second article , I outlined what I viewed as a trigger to this current crypto bear market, and I was fortunate to have timed it correctly. So far, the halving cycle has been prevalent. If you aren’t familiar with it, every four years, BTC gets scarcer by cutting in half (halving) the reward given to miners on the BTC blockchain, but in the third year of the cycle, prices have always crashed, and we are amidst the third year of this cycle. So, using the cycle thesis as a baseline, in this article, I’ll try to link macro analysis and share what I am looking for before switching to a bullish stance on BTC in the future. Source: Seeking Alpha data Bitcoin and Interest Rates One of the most important macro correlations affecting in the current BTC trend is the declining US interest rates. That is because US interest rates impact money availability in the world economy, especially for certain types of assets, in BTC’s case, the riskier assets. However, most people believe that lower interest rates should automatically boost riskier assets, which is not the case. Instead of thinking just about higher or lower interest rates, its trajectory is also really important. When interest rates increase, fixed-income assets lose value, and investors, knowing that interest rates are easier to predict and may continue to increase, instead of holding a “fixed-income” asset that will lose value in the short-term, they cut losses and invest in riskier assets, like Bitcoin. Conversely, when interest rates are declining, knowing that fixed-income assets will appreciate during these intere...
Intel Corporation INTC has gained 24% over the past three months against the industry’s decline of 6%. It has outperformed compared to the Zacks Computer & Technology sector and the S&P 500. Zacks Investment Research Image Source: Zacks Investment Research The company has also outperformed its competitor, Advanced Micro Devices AMD, and Qualcomm Incorporated QCOM. AMD has declined 4.5%, while Qual...
Intel Corporation INTC has gained 24% over the past three months against the industry’s decline of 6%. It has outperformed compared to the Zacks Computer & Technology sector and the S&P 500. Zacks Investment Research Image Source: Zacks Investment Research The company has also outperformed its competitor, Advanced Micro Devices AMD, and Qualcomm Incorporated QCOM. AMD has declined 4.5%, while Qualcomm has decreased 15.2% during this period. Intel’s performance over the past few months has drawn investor interest. The key question, however, is whether this momentum is worth riding or if caution is warranted. Let’s take a closer look. Intel Rides on Strong AI Momentum Intel is benefiting from solid demand in the Data Center & AI segment. Revenues grew 15% sequentially, and revenues came in above expectations. The company is witnessing strong order growth, and demand for traditional server CPUs remains very strong. The company is forming strategic collaborations with industry leaders like NVIDIA to drive innovation. In collaboration with NVDA, it is working on developing a custom XEON fully integrated with NVIDIA’s NVLink technology to bring best-in-class x86 performance to AI host nodes. Solid traction in the AI PC market is also a major growth driver. In the fourth quarter, AI PC units grew 16% year over year. It is collaborating with original equipment manufacturers, such as HP and Microsoft, to expand into the AI PC domain. Along with the AI PC domain, Intel is also expanding into the rapidly growing Edge AI landscape. INTC Plagued by Supply Constraints, Loss in Foundry Business Despite strong demand from multiple end markets, Intel is failing to match customer demand. The company is getting into 2026 with depleted buffer inventory, which will limit its ability to match customer demand effectively, impeding revenue and overall growth prospects in the near term. Intel Foundry business has reported an operating loss of $2.5 billion in the fourth quarter. Loss increas...
AntonMatveev/iStock via Getty Images I upgraded Leonardo DRS (NYSE: DRS ) stock to strong buy in November 2025. The stock has delivered a 23.7% return, outperforming the S&P 500’s 4.6% gain. So, the share price performance has been fully in line with my expectations. However, after a significant run-up in the stock price, it is also a good moment to assess whether there is additional upside justif...
AntonMatveev/iStock via Getty Images I upgraded Leonardo DRS (NYSE: DRS ) stock to strong buy in November 2025. The stock has delivered a 23.7% return, outperforming the S&P 500’s 4.6% gain. So, the share price performance has been fully in line with my expectations. However, after a significant run-up in the stock price, it is also a good moment to assess whether there is additional upside justifying a strong buy or buy rating or whether a downgrade is required. In this report, I discuss the company’s opportunities and risks, review the expectations for Q4 2025 earnings, and update my price target, incorporating the most recent financial estimates. The Risks and Opportunities for Leonardo DRS Leonardo DRS’ core growth opportunity is in defense electronics. Defense budgets are expanding globally, and the battlefield and intelligence spectrum is shifting towards a sensor-rich and software-defined form of modern warfare with more important roles for sensor fusion, electronic warfare, and distributed intelligence, surveillance, and reconnaissance. The “distributed intelligence” term may be somewhat opaque and might require further explanation. Putting it in the simplest way, distributed ISR means that rather than having one large ISR platform, the ISR space is increasingly shifting towards multiple sensor assets across various domains, and the sensor inputs are then fused to aid decision-making. So, sensor density in modern warfare and intelligence is increasing. The Aerospace Forum Defense budgets are currently triggering a supercycle in aerospace and defense , but no opportunity comes without risk. The company, like many aerospace and defense contractors, heavily relies on the U.S. defense budget timing. That introduces a high-impact risk, which can partially be offset through expanding internationally. We also note that the industry is capital intensive, and that affects working capital and the balance sheet, while program execution risk always exists, potentially l...
馬頭圍邨首期、西環邨重建 黃碧如:特殊需要住戶可酌情考慮暫留 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】馬頭圍邨第一期及西環邨重建,房委會資助房屋小組主席黃碧如說新屋邨項目有足夠單位接收全部受影響住戶,如果有...
馬頭圍邨首期、西環邨重建 黃碧如:特殊需要住戶可酌情考慮暫留 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】馬頭圍邨第一期及西環邨重建,房委會資助房屋小組主席黃碧如說新屋邨項目有足夠單位接收全部受影響住戶,如果有特殊需要亦可以申請暫時搬到第二期重建範圍內的空置單位,不過單位數量有限。 黃碧如:「例如有些特定需要的住戶居住在第一期,因為其身體狀況對他方便一點,他暫時不想離開馬頭圍邨,既然有特別需要,我們就會酌情考慮。如果一般家庭狀況或個人狀況,其實沒有特別需要,我想要留機會給真正有特別需要的人士。」
Key Points The S&P 500 looks expensive today by historical metrics. Its forward P/E is as high today as it was in the months leading up to two major stock market crashes. Analysts are forecasting another double-digit gain in 2026, but investors should be cautious. 10 stocks we like better than S&P 500 Index › The S&P 500 (SNPINDEX: ^GSPC) posted double-digit gains in each of the last three years. ...
Key Points The S&P 500 looks expensive today by historical metrics. Its forward P/E is as high today as it was in the months leading up to two major stock market crashes. Analysts are forecasting another double-digit gain in 2026, but investors should be cautious. 10 stocks we like better than S&P 500 Index › The S&P 500 (SNPINDEX: ^GSPC) posted double-digit gains in each of the last three years. The benchmark index has already added 1.4% year to date, and many Wall Street analysts expect it to end 2026 with another double-digit return. However, quite a few signals are flashing a warning right now that investors would do well to pay attention to. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » The benchmark index is, by historical standards, trading at a high premium. Its forward price-to-earnings (P/E) is about 22, a much pricier figure than its 30-year average of about 17, according to research compiled by investment firm J.P. Morgan. The last time the forward P/E was this high, it was just before the tech sell-off in 2021. Before that, it broke the 20-mark plane in the late '90s as dot-com fever was about to crash. Perhaps more troubling is a second signal from the market's CAPE ratio, which estimates an index's long-term growth by using a decade of inflation-adjusted earnings. It's had a 30-year average of about 28.5. Today, that valuation metric is close to 40 (about 39.85), which makes it now only the second time in 153 years of data that the market's CAPE has been this high. The last time the CAPE exceeded 40, it was followed by the market crash of 2000. Do these metrics mean the market will crash in 2026? Not necessarily. What they do suggest, however, is that the S&P 500 has risen much higher than the ground below it can stabilize. Put differently, it wouldn't be surprising if the market crashed in 2026. It would be historically resonant...
Key Points Sold out: 19,133 share decrease; estimated transaction value of $4.20 million based on quarterly average pricing Quarter-end position value declined by $4.20 million, reflecting the removal of the stake and share price moves Represents approximately a 1.04% change in reportable 13F AUM Post-trade stake: 0 shares, $0 reported value The position was previously approximately 1.05% of the f...
Key Points Sold out: 19,133 share decrease; estimated transaction value of $4.20 million based on quarterly average pricing Quarter-end position value declined by $4.20 million, reflecting the removal of the stake and share price moves Represents approximately a 1.04% change in reportable 13F AUM Post-trade stake: 0 shares, $0 reported value The position was previously approximately 1.05% of the fund's AUM as of the prior quarter These 10 stocks could mint the next wave of millionaires › On January 23, 2026, Monument Capital Management reported selling out its entire position in Grand Canyon Education (NASDAQ:LOPE), unloading 19,133 shares in an estimated $4.20 million transaction based on quarterly average pricing. This education services provider delivers technology and support solutions to U.S. colleges, with a focus on healthcare partnerships. What Happened According to a Securities and Exchange Commission (SEC) filing dated January 23, 2026, Monument Capital Management reported selling all 19,133 shares of Grand Canyon Education during the fourth quarter. The estimated transaction value is $4.20 million, based on quarterly average pricing. The fund’s position in the education services company fell to zero, with the net position change also totaling $4.20 million for the period. What Else to Know This was a full exit from a position previously representing 1.0501% of 13F AUM; the position was fully liquidated and now makes up 0% of AUM Top holdings after the filing: NASDAQ:MSFT: $14,994,558 (3.7% of AUM) NASDAQ:AAPL: $9,146,128 (2.3% of AUM) NYSEMKT:ITOT: $8,860,581 (2.2% of AUM) NYSE:CAT: $8,259,816 (2.1% of AUM) NYSEMKT:IWF: $8,148,772 (2.0% of AUM) As of January 23, 2026, shares were priced at $177.99, up 3.92% over the past year, lagging the S&P 500 by 9.10 percentage points Company Overview Metric Value Market Capitalization $4.98 billion Revenue (TTM) $1.09 billion Net Income (TTM) $211.32 million Price (as of market close 1/23/26) $177.99 Company Snapshot...