Andrii Yalanskyi/iStock via Getty Images The latest batch of data reinforces a familiar but increasingly uncomfortable macro setup: growth is softening at the margin, but inflation is showing little sign of easing. The final revision to Q4 2025 GDP confirmed that economic momentum slowed more than initially reported, largely due to temporary factors tied to the government shutdown. At the same tim...
Andrii Yalanskyi/iStock via Getty Images The latest batch of data reinforces a familiar but increasingly uncomfortable macro setup: growth is softening at the margin, but inflation is showing little sign of easing. The final revision to Q4 2025 GDP confirmed that economic momentum slowed more than initially reported, largely due to temporary factors tied to the government shutdown. At the same time, more timely data on February income, spending, and prices point to a consumer that continues to drive activity despite weakening income growth, with firm demand coinciding with another step higher in inflation. Q4 GDP BEA The third and final release of Q4 2025 GDP data provided an even more sour view of growth than the second estimate did. Real GDP is estimated to have grown at a SAAR of just 0.5% now, down from 0.7% in the previous release. The downward revision can be blamed on new, lower estimates of consumer spending and investment growth in Q4, while the final readings of contributions from government and trade were roughly the same. The broad story is the same as the previous release: the government shutdown caused the U.S. economy to grow at the second slowest pace since Q1 2022 (the slowest was Q1 2025, caused by massive imports). Let’s go over the two major downgrades in the data: Personal consumption expenditures (PCE) grew at a SAAR pace of 1.9%, only down slightly from the previous estimate of 2.0%. This revision came from lower nondurable goods spending growth of 0.4% (down from 0.6%), offset by an upward revision in durable goods spending growth of 0.3% (up from 0.0%). The estimate of services spending growth was unchanged at 2.7%. Gross private domestic investment growth was revised down sharply to 2.3% SAAR (from 3.3%), marking the largest downgrade among major components. The drag came from weaker inventory accumulation, with inventories contributing just 0.14 ppts (down from 0.28), while fixed investment contribution edged lower to 0.26 ppts (from 0.29)...
Dzmitry Dzemidovich All current market indicators point to a “classic stagflationary market environment,” characterized by slowing consumer activity alongside surging inflation-linked sectors, according to Savita Subramanian, head of U.S. equity and quantitative strategy at BofA Securities. The strategist shared her analysis in an interview with CNBC following a volatile period that has seen the S...
Dzmitry Dzemidovich All current market indicators point to a “classic stagflationary market environment,” characterized by slowing consumer activity alongside surging inflation-linked sectors, according to Savita Subramanian, head of U.S. equity and quantitative strategy at BofA Securities. The strategist shared her analysis in an interview with CNBC following a volatile period that has seen the S&P 500 ( SP500 ) nearly round-trip its gains for the year. Subramanian noted that investors are confused by the underperformance of traditionally defensive sectors like healthcare ( XLV ) and consumer staples ( XLP ) during what appears to be a potential recessionary environment. Instead, the market is seeing a “monstrous rally in some of the inflation beneficiaries like industrials ( XLI ) and energy ( XLE ),” she said, which she views as the hallmark of stagflationary conditions. The dramatic shift in investor positioning has been notable, with market participants pivoting into energy ( XLE ) after being significantly underweight at the start of the year. Subramanian highlighted that industrials ( XLI ) are now trading at the “highest multiple we’ve seen in decades,” contributing to what she described as “a lot of crosscurrents that are telling you different things.” The financial sector ( XLF ) presents a more complicated picture, according to Subramanian, as geopolitical conflict combines with what feels like a “mini credit cycle” to create pain in the sector. She recommends adding exposure to financials now, arguing that there are no signs of a broad credit cycle impacting the larger banks. Subramanian cautioned against applying the 2008-2009 financial crisis playbook to current conditions, noting that credit extensions over the past decade have come primarily from regional banks and private lenders rather than major institutions. “We’re at a point where some of these areas of financials that did poorly in '08 and '09 are actually much more bolstered and fortified toda...
Israeli strikes in Lebanon have strained the already fragile ceasefire, ahead of weekend talks between Iran and the US. Dan Williams in Jerusalem explains. (Source: Bloomberg)
Israeli strikes in Lebanon have strained the already fragile ceasefire, ahead of weekend talks between Iran and the US. Dan Williams in Jerusalem explains. (Source: Bloomberg)
JHVEPhoto/iStock Editorial via Getty Images As we get ready for earnings season heating up this April, one name reporting later this month is Nasdaq ( NDAQ ), with a stock that's up around 68% since my buy rating in July 2023 and a company beating its last four earnings estimates . Nasdaq may be known as the name behind a major exchange, but according to its profile , it also can be considered a "...
JHVEPhoto/iStock Editorial via Getty Images As we get ready for earnings season heating up this April, one name reporting later this month is Nasdaq ( NDAQ ), with a stock that's up around 68% since my buy rating in July 2023 and a company beating its last four earnings estimates . Nasdaq may be known as the name behind a major exchange, but according to its profile , it also can be considered a "technology" company and is diversified across three business segments: Capital Access Platforms, Financial Technology, and Market Services. What I liked about this company in my original coverage and my follow-up in 2025 was the diversified business model but also its investment-grade status and tailwind from trading volumes. This time around, I'll take a look at this stock again across eight rating categories, including some angles I didn't consider in my initial coverage, for a holistic view ahead of its upcoming earnings call on April 23. Thesis Summary For my follow-up on Nasdaq, I'm reiterating a buy rating again and agreeing with the lat est Wall Street consensus rating as of Tuesday. From my worksheet below, you can see what factors helped drive the needle into the bullish column for me: Ndaq - rating worksheet (author) Based on my updated research, my bullish thesis is supported by several factors: organic growth, macro demand for Nasdaq's platforms, a compelling dividend growth story, and a strong price forecast, despite some technical patterns showing a more bearish pattern. I'm betting that investors see it as a dip-buying opportunity for a company with otherwise compelling fundamentals. Macro and Sector Trends Despite a challenging macro and sector backdrop lately, I gave this stock a buy rating in this section after considering a few factors. To begin with, it's worth noting some of what Nasdaq does includes its exchange and stock listings business but also fintech solutions to combat financial crime and the Nasdaq Data Link that provides "access to more than 3...
A study of analyst recommendations at the major brokerages shows that Peabody Energy Corp (Symbol: BTU) is the #23 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Glob
A study of analyst recommendations at the major brokerages shows that Peabody Energy Corp (Symbol: BTU) is the #23 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Glob
Investors eyeing a purchase of Funko Inc (Symbol: FNKO) shares, but tentative about paying the going market price of $3.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the N
Investors eyeing a purchase of Funko Inc (Symbol: FNKO) shares, but tentative about paying the going market price of $3.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the N
Think of AI as the new electricity — every hyperscaler needs more of it right now, or risk falling behind. Meta Platforms (NASDAQ:META) alone spent $72 billion on capex in 2025 chasing that edge, and intends on spending between $115 billion and $135 million more this year. Today, that hunger delivered a fresh $21 billion ... Why CoreWeave’s New $21 Billion Meta Deal Matters More Than the $3 Billio...
Think of AI as the new electricity — every hyperscaler needs more of it right now, or risk falling behind. Meta Platforms (NASDAQ:META) alone spent $72 billion on capex in 2025 chasing that edge, and intends on spending between $115 billion and $135 million more this year. Today, that hunger delivered a fresh $21 billion ... Why CoreWeave’s New $21 Billion Meta Deal Matters More Than the $3 Billion in New Debt
FOTOKITA/iStock via Getty Images Introduction Elemental Royalty Corporation ( ELE ) went through a major transformation recently, becoming a mid-tier streaming company that stands to benefit from the current environment. I rate ELE a Buy, being one of the most attractive companies in their industry and trading close to a conservative fair value while also benefitting from Tether’s involvement. Tra...
FOTOKITA/iStock via Getty Images Introduction Elemental Royalty Corporation ( ELE ) went through a major transformation recently, becoming a mid-tier streaming company that stands to benefit from the current environment. I rate ELE a Buy, being one of the most attractive companies in their industry and trading close to a conservative fair value while also benefitting from Tether’s involvement. Transformative Deal Thanks To Tether Elemental Royalty Corporation IR Following the merger between Elemental Altus Royalties and EMX Royalty from late 2025, funded by Tether - the same company behind USDT, which owns most of my Adecoagro ( AGRO ) position and has made several other investments in commodities - the company is now in an even better position for deals. In fact, we could even argue that Tether itself is the reason why they’ve pushed for this merger in the first place, as they first invested in this back when it was Elemental Altus Royalties in June 2025, expanding their push into gold and hard asset-backed financial infrastructure. They now have access to capital from Tether, which they call a “supportive major shareholder” - as has been the case recently for Adecoagro, getting help from them in funding their massive, transformative deal to buy Profertil that would’ve otherwise likely been out of their reach, which can be a major advantage in the future alongside better power of negotiation as a bigger, more complete, and financially stronger mid-tier royalty company, while the recent Nasdaq listing helped them boost liquidity fivefold. In fact, throughout 2025, the company bought $68.7 million worth of royalty interests, with their $100 million private placement thanks to Tether helping them fund it alongside a $28 million debt repayment. For 2026, the company's guidance aims at $76.5 to $94.5 million in revenue and GEOs (gold equivalent ounces) of 17,000 to 21,000, although they're assuming relatively high gold and copper prices at $4,500/oz and $5.50/lb. Elemen...
Most Wall Street analysts cover Nvidia with spreadsheets built on earnings estimates and price-to-earnings ratios. UBS has a different tool entirely, and what it is saying about Nvidia is striking. UBS HOLT, the firm's proprietary cash flow-based valuation framework, says Nvidia's share price ...
Most Wall Street analysts cover Nvidia with spreadsheets built on earnings estimates and price-to-earnings ratios. UBS has a different tool entirely, and what it is saying about Nvidia is striking. UBS HOLT, the firm's proprietary cash flow-based valuation framework, says Nvidia's share price ...
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Trimble Inc (Symbol: TRMB) has taken over the #1 spot from Teledyne Technologies Inc (Symbol: TDY), according to ETF Channel. Below is a chart of Trimble Inc versus
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Trimble Inc (Symbol: TRMB) has taken over the #1 spot from Teledyne Technologies Inc (Symbol: TDY), according to ETF Channel. Below is a chart of Trimble Inc versus
At Holdings Channel, we have reviewed the latest batch of the 55 most recent 13F filings for the 03/31/2026 reporting period, and noticed that BRK (Symbol: BRK) was held by 40 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take
At Holdings Channel, we have reviewed the latest batch of the 55 most recent 13F filings for the 03/31/2026 reporting period, and noticed that BRK (Symbol: BRK) was held by 40 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take
Dancer with Ballet Rambert who later worked as a model and performed in musicals for the Royal Shakespeare Company Keith Hodiak, who has died aged 75, danced with Ballet Rambert from 1972 until 1975; he was one of the first Black dancers to perform with a UK national dance company. He joined the company in a period of change, when it was dancing modern works without entirely forsaking its balletic...
Dancer with Ballet Rambert who later worked as a model and performed in musicals for the Royal Shakespeare Company Keith Hodiak, who has died aged 75, danced with Ballet Rambert from 1972 until 1975; he was one of the first Black dancers to perform with a UK national dance company. He joined the company in a period of change, when it was dancing modern works without entirely forsaking its balletic traditions. It had become a smaller operation, so all the dancers took solo roles and the company danced in a variety of venues, experimenting in London with productions on thrust stages such as the Young Vic or in the round at the Roundhouse. Significantly, British dance companies were beginning to present dancers from many ethnic backgrounds. Continue reading...
Energy analysts sifting through the supply-chain detritus left by the US-Israel war with Iran have concluded that China will come out on top. Deutsche Bank on Thursday wrote that extreme volatility in oil and gas markets seems to be playing out to the benefit of Beijing . Even as the six-week conflict (now the subject of a shaky ceasefire agreement) reshaped the future of energy , China’s status a...
Energy analysts sifting through the supply-chain detritus left by the US-Israel war with Iran have concluded that China will come out on top. Deutsche Bank on Thursday wrote that extreme volatility in oil and gas markets seems to be playing out to the benefit of Beijing . Even as the six-week conflict (now the subject of a shaky ceasefire agreement) reshaped the future of energy , China’s status as a titan of clean tech puts it in a unique position to help governments now even more desperate to wean themselves off Middle East imports. The bank published the analysis just as new second- and third-order impacts from the war spread through European economies. Protesters blocked an Irish oil refinery and demonstrated in Dublin over the government’s handling of soaring fuel prices . In the UK, OpenAI said it is pausing its Stargate artificial intelligence infrastructure project because power prices are too high. Outside of the European Union, energy supply chains are adapting to events. Russia is seeking to leverage a global natural gas supply crunch to lure energy-starved South Asia into purchasing shipments. Meanwhile, Iran warned that oil tankers and other vessels seeking to transit the Strait of Hormuz must liaise with its military to ensure safe passage. Read more about the fragile ceasefire in the Middle East by following our live ticker What You Need to Know Today US President Donald Trump vowed to keep troops in the Persian Gulf ahead of talks with Iran. Both sides accused each other of violating the ceasefire announced Tuesday, with disagreement over whether the truce extends to the continued bombing of Lebanon. More than 1,700 people have been killed there by strikes Israel says are targeting Iran-aligned Hezbollah. Meanwhile, the US administration’s public expression of confidence that it knows how and where to extract Iran’s stockpile of enriched uranium is running into questions , and India is looking on warily as arch-rival Pakistan wins plaudits for its ef...
Sandisk stock was rising again on Thursday, with analysts predicting the stock can continue its massive run as memory demand remains strong. Bernstein analyst Mark Newman raised his price target on Sandisk to $1,250 from $1,000, which implies a 60% increase from the stock’s last closing price of $780.90 on Wednesday. Newman attributes his confidence in the stock’s future to the continued demand fo...
Sandisk stock was rising again on Thursday, with analysts predicting the stock can continue its massive run as memory demand remains strong. Bernstein analyst Mark Newman raised his price target on Sandisk to $1,250 from $1,000, which implies a 60% increase from the stock’s last closing price of $780.90 on Wednesday. Newman attributes his confidence in the stock’s future to the continued demand for memory, which has led to a surge in prices.
Van Leuven can no longer play in PDC Women’s Series DRA report determines darts is ‘gender-affected sport’ Noa-Lynn van Leuven will be banned from competing in any of the Professional Darts Corporation’s women-only events with immediate effect after a ruling from the sport’s regulatory body stated only biological females can now compete in women’s tournaments. The Darts Regulation Authority (DRA) ...
Van Leuven can no longer play in PDC Women’s Series DRA report determines darts is ‘gender-affected sport’ Noa-Lynn van Leuven will be banned from competing in any of the Professional Darts Corporation’s women-only events with immediate effect after a ruling from the sport’s regulatory body stated only biological females can now compete in women’s tournaments. The Darts Regulation Authority (DRA) has ruled that transgender women will no longer be permitted to compete in women’s events. Van Leuven can therefore no longer participate in the PDC Women’s Series, where she has won six titles, and will be prevented from also competing in the Women’s World Matchplay, which she was on course to qualify for this summer. Continue reading...
wdstock/iStock Editorial via Getty Images The Federal Trade Commission has filed suit against ticket resale giant StubHub ( STUB ), accusing the company of violating its recently enacted “all-in” ticket pricing rules. StubHub stock ( STUB ) had fallen by nearly 9% at midday Thursday. The FTC filed suit in the federal Southern District of New York, saying that StubHub didn't disclose mandatory add-...
wdstock/iStock Editorial via Getty Images The Federal Trade Commission has filed suit against ticket resale giant StubHub ( STUB ), accusing the company of violating its recently enacted “all-in” ticket pricing rules. StubHub stock ( STUB ) had fallen by nearly 9% at midday Thursday. The FTC filed suit in the federal Southern District of New York, saying that StubHub didn't disclose mandatory add-in costs—incorporating various fees and charges—until the final checkout screen. "The FTC brings this action for Defendant’s violations of Section 5(a) of the Federal Trade Commission Act ... by misrepresenting the price of its live-event tickets, and violations of the Commission’s Rule on Unfair or Deceptive Fees ... by advertising the price of live-event tickets without clearly and conspicuously disclosing the total price," the FTC said in its complaint . The agency is seeking a permanent injunction, monetary relief and other relief. More on StubHub Holdings StubHub: The Moat Has Improved StubHub Stock Is Severely Underrated StubHub: More Compelling After The Drop, With Profit Expected To Rebound In 2026 (Rating Upgrade) StubHub targets $9.9B–$10.1B GMS for 2026 as company shifts to AI-driven direct issuance and refines marketing efficiency StubHub falls after posting a larger-than-anticipated Q4 loss
When the team at indie studio Sunset Visitor were wrapping up their critically acclaimed first game, 1000xResist , it wasn't long before they started thinking about what they'd tackle next. According to creative director Remy Siu, the studio's goal is to always find ways to reflect the world around them. So when they were looking at the cultural landscape in 2024, there was one theme they couldn't...
When the team at indie studio Sunset Visitor were wrapping up their critically acclaimed first game, 1000xResist , it wasn't long before they started thinking about what they'd tackle next. According to creative director Remy Siu, the studio's goal is to always find ways to reflect the world around them. So when they were looking at the cultural landscape in 2024, there was one theme they couldn't avoid: AI. "That was when we really wanted to dive into what we see as a long tradition of science fiction writing and thinking about artificial intelligence," he explains. "So we thought it was a very interesting time to engage with that in a work … Read the full story at The Verge.
A corporal in the Pennsylvania state police yesterday pleaded guilty to a mind-boggling set of crimes that include going through his co-workers' underwear, possessing a stolen gun, having child sexual abuse material on his hard drives, and using AI tools to create over 3,000 pornographic "deepfakes." One of the deepfakes involved a district court judge, while many of the others were created based ...
A corporal in the Pennsylvania state police yesterday pleaded guilty to a mind-boggling set of crimes that include going through his co-workers' underwear, possessing a stolen gun, having child sexual abuse material on his hard drives, and using AI tools to create over 3,000 pornographic "deepfakes." One of the deepfakes involved a district court judge, while many of the others were created based on photos downloaded illicitly from state databases, including driver's license photos. Some of the imagery was even created at police barracks, using state-owned devices. Read full article Comments