primeimages/E+ via Getty Images By Matt Freund, CFA, Christian Brobst, and Chuck Carmody, CFA So much has happened in the past month that investors may have forgotten how constructive the markets were at the beginning of the year. 2026 began as a continuation of 2025’s positive credit environment. The One Big Beautiful Bill Act provided fiscal tailwinds to the economy, while the labor market held ...
primeimages/E+ via Getty Images By Matt Freund, CFA, Christian Brobst, and Chuck Carmody, CFA So much has happened in the past month that investors may have forgotten how constructive the markets were at the beginning of the year. 2026 began as a continuation of 2025’s positive credit environment. The One Big Beautiful Bill Act provided fiscal tailwinds to the economy, while the labor market held unemployment steady despite immigration-driven supply constraints. At the same time, the Federal Reserve cut rates in December, and markets were expecting two or three additional cuts during the year. Ten-year Treasury yields were drifting lower (bond prices were increasing), and credit spreads were near cycle tights. The technical backdrop remained supportive. Then on February 28, the US and Israel launched strikes on Iran, and the calculus changed materially. Unsurprisingly, the most direct impact has been on energy markets (oil and natural gas). Iran's closure of the Strait of Hormuz, through which roughly 20% of global fossil fuels flow, removed critical supply from the market. Brent crude, which traded near $60 per barrel at the start of the quarter, surged well above $100 in March. Gasoline prices in the US rose sharply as a result. The secondary impacts on other markets quickly followed as fertilizer, helium, and carbon-dependent markets soared in price. While the US remains in a strong supply position, shortages and rationing are spreading to Europe and emerging markets. It remains to be seen how these energy-constrained economies adjust, which lower-value exports will be curtailed, and what the disruption will mean for US supply chains. The Treasury market no longer expects the Fed to cut rates this year. Yields rose across the curve as bonds sold off. Fortunately, corporate credit entered the conflict on solid footing. Defaults (including distressed exchanges) through February remained well below long-term averages at 2.1%. High-yield leverage held under 4x, modes...
The share price of Plug Power (NASDAQ: PLUG) has spiked nearly 80.4% over the past year (as of April 2, 2026), as early signs of a turnaround have begun to emerge. Still, the stock remains nearly 48% below its 52-week high, implying that investors are not fully convinced. The key question now is whether the company's hydrogen fuel cell, electrolyzer, and hydrogen infrastructure business can transl...
The share price of Plug Power (NASDAQ: PLUG) has spiked nearly 80.4% over the past year (as of April 2, 2026), as early signs of a turnaround have begun to emerge. Still, the stock remains nearly 48% below its 52-week high, implying that investors are not fully convinced. The key question now is whether the company's hydrogen fuel cell, electrolyzer, and hydrogen infrastructure business can translate into a sustainable and profitable model. Here are three reasons investors may consider taking a small position in the stock in April 2026. Continue reading
Banco Comercial Portugues (BPCGY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Banco Comercial Portugues (BPCGY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
(RTTNews) - Iran is continuing with direct or high-level proxy strikes on Tuesday, while the 'de-escalation' efforts are facing a significant collapse in the Middle East conflict.
(RTTNews) - Iran is continuing with direct or high-level proxy strikes on Tuesday, while the 'de-escalation' efforts are facing a significant collapse in the Middle East conflict.
US stocks are falling in premarket trading as mixed economic data and geopolitical tensions weigh on investors ahead of a key US deadline on Iran. Contracts on the S&P 500 Index declined 0.6% and Nasdaq 100 futures lost 0.7% as of 8:09 a.m. in New York. The Cboe Volatility Index hovered around 25.80 . The backdrop for equities remains challenging amid developments in the Middle East. President Don...
US stocks are falling in premarket trading as mixed economic data and geopolitical tensions weigh on investors ahead of a key US deadline on Iran. Contracts on the S&P 500 Index declined 0.6% and Nasdaq 100 futures lost 0.7% as of 8:09 a.m. in New York. The Cboe Volatility Index hovered around 25.80 . The backdrop for equities remains challenging amid developments in the Middle East. President Donald Trump’s deadline for Iran to agree to a deal that includes freedom of navigation through the Strait of Hormuz is due later Tuesday, with outcomes ranging from a diplomatic breakthrough to potential military escalation. Meanwhile, Iran pressed on with attacks across the Persian Gulf. “You have to ask what the markets do on a ‘mission accomplished’ headline, you also have to ask what they do on a ‘45-day ceasefire’ headline, and you also have to ask what they do on a ‘boots-on-the-ground’ headline,” Tony Pasquariello , partner and global head of hedge fund coverage at Goldman Sachs Group Inc., wrote in a note to clients Monday. The conflict has already triggered the largest disruption to the global oil market on record, with crude prices surging and dated Brent — the world’s most important price for real-world barrels — topping $140, signaling acute supply tightness. “Even if tensions ease, normalization will trail, leaving upside risk to prices and potential product shortages,” wrote Salih Yilmaz , Bloomberg Intelligence senior industry analyst. Read: US Equities’ Valuation Premium Brings Stagflation Era Flashbacks In March, the S&P 500 declined about 5% amid the ongoing war in Iran, prompting traders to cut positioning across equities. Systematic investors are now poised to flip back into equity- buying mode , according to Goldman Sachs Group Inc., as the wave of selling appears to be drying up. From a technical perspective, the S&P 500 is approaching key chart resistance, namely the 200-day moving average. Decisively closing above this average can spur more buying, acc...
PonyWang Crypto influencer Anthony Pompliano's ProCap Financial is launching a business focused on AI-generated research reports for individual investors. The business is expected to have AI agents that scan the markets, analyze trends, and draft reports. The agents are also expected to generate reports comparing the performance of buyback and dividend stocks. The agents are reportedly capable of ...
PonyWang Crypto influencer Anthony Pompliano's ProCap Financial is launching a business focused on AI-generated research reports for individual investors. The business is expected to have AI agents that scan the markets, analyze trends, and draft reports. The agents are also expected to generate reports comparing the performance of buyback and dividend stocks. The agents are reportedly capable of generating hundreds of reports a day, but ProCap is set to start with circulating a few reports daily. The reports will be called ProCap Insights, and annual subscriptions are set to cost $2,500 annually, the company told the Wall Street Journal . Yesterday, the New York-based company completed its acquisition of AI agent lab CFO Silvia. CFO Silvia is an AI model and agent lab exclusively focused on finance. "Silvia is one of the leading examples of applied AI in the finance industry," CEO Pompliano had said. Related ETFs: ( AGIQ), ( AIEQ ), ( AIPI ), ( ARTY ), ( AIYY ), ( CHAT ), ( IVES ), ( AIVC ), ( AIVL ) More on ProCap Financial, Inc. ProCap Financial: A Deeply Discounted Bitcoin DAT? Financial information for ProCap Financial, Inc.
Argentina’s corporate borrowers are turning to global debt markets with a different goal this year — funding an energy-driven expansion rather than patching up balance sheets battered by years of crisis. Investment in energy and related infrastructure in Argentina could reach $60 billion over the next five years, according to estimates from Goldman Sachs, as companies look to build up infrastructu...
Argentina’s corporate borrowers are turning to global debt markets with a different goal this year — funding an energy-driven expansion rather than patching up balance sheets battered by years of crisis. Investment in energy and related infrastructure in Argentina could reach $60 billion over the next five years, according to estimates from Goldman Sachs, as companies look to build up infrastructure in the Vaca Muerta oil and gas field, one of the world’s largest spanning roughly 30,000 square kilometers in Patagonia. Most of that money will have to come from abroad, bankers at Wall Street’s main firms said, signaling strong momentum for Argentine foreign bond sales. “We are entering a strong, capital-intensive investment cycle to develop Vaca Muerta, the surrounding infrastructure, and mining and power,” said Lisandro Miguens, head of Latin America Debt Capital Markets at JPMorgan. “This will lead to primary market issuance to finance capex rather than refinancing maturities.” Output from Vaca Muerta stands at about 600,000 barrels of oil per day. Industry players are targeting production of more than 1 million barrels per day by 2030 as infrastructure is developed around the basin, which holds the world’s fourth-largest shale oil reserves and second-largest shale gas reserves. Soaring Sales Vaca Muerta and a nascent mining sector are central to President Javier Milei’s strategy to boost foreign earnings. Energy exports totaled $11.1 billion last year and are projected by the government to triple to $36.7 billion by the end of the decade as pipelines and export terminals come online. Already, rising energy shipments from Vaca Muerta and a wave of dollar borrowing by local companies are helping the country’s battered currency outperform. Read More: Milei’s Peso Bucks EM Losses on Shale, Agriculture Boom Argentine companies, which tapped markets with a flurry of deals to rollover debt last year, issued $2.1 billion of dollar bonds in the first three months of 2026. W...
Wondering whether Advanced Micro Devices at US$220.18 is still priced for opportunity or already reflecting high expectations? This breakdown will help you frame the current value story clearly. Over the last week and month, the stock has returned 12.3% and 14.4% respectively, while year to date it shows a 1.5% decline. A 163.2% return over the last year adds important context to where the price i...
Wondering whether Advanced Micro Devices at US$220.18 is still priced for opportunity or already reflecting high expectations? This breakdown will help you frame the current value story clearly. Over the last week and month, the stock has returned 12.3% and 14.4% respectively, while year to date it shows a 1.5% decline. A 163.2% return over the last year adds important context to where the price is today. Recent coverage has focused on Advanced Micro Devices as a key name in semiconductors,...