thamerpic/iStock Editorial via Getty Images Glencore ( GLCNF ) ( GLNCY ) said Friday it agreed to acquire a 45% stake in an aluminum recycling and remelting plant near Charleston, South Carolina, strengthening its position in the U.S. aluminum supply chain; financial terms were not disclosed. Aluminum melting and recycling company Alumicore will hold the remaining 55% stake and operate the Sou...
thamerpic/iStock Editorial via Getty Images Glencore ( GLCNF ) ( GLNCY ) said Friday it agreed to acquire a 45% stake in an aluminum recycling and remelting plant near Charleston, South Carolina, strengthening its position in the U.S. aluminum supply chain; financial terms were not disclosed. Aluminum melting and recycling company Alumicore will hold the remaining 55% stake and operate the South Carolina plant, which Glencore ( GLCNF ) ( GLNCY ) had previously funded in exchange for marketing rights. Alumicore operates a similar facility in Pennsylvania and is developing a second processing and melting facility in the state; together, the three plants are expected to have the capacity to recycle more than 120K metric tons/year of aluminum. The Glencore ( GLCNF ) ( GLNCY ) deal comes as the Middle East war has created supply chain bottlenecks and caused soaring prices for aluminum. The company is already a major investor in the U.S. aluminum sector through its 30% ownership of Century Aluminum. More on Glencore Glencore: Attractive Mining/Metals At The Right Price (But Not Now) Rio Tinto And Glencore: A Merger That Could Change The Investment Case Glencore Q4 2025 Earnings Call Presentation
Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge. (Image credit: Joe Raedle)
Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge. (Image credit: Joe Raedle)
Amazon Pharmacy (AMZN) now offers Eli Lilly and Company’s (LLY) recently approved GLP-1 medication, Foundayo, a once daily oral treatment for adults with obesity or overweight with weight-related medical problems. Customers with a valid prescription can order Foundayo through Amazon Pharmacy, see real-time medication availability and transparent pricing, and receive fast medication delivery direct...
Amazon Pharmacy (AMZN) now offers Eli Lilly and Company’s (LLY) recently approved GLP-1 medication, Foundayo, a once daily oral treatment for adults with obesity or overweight with weight-related medical problems. Customers with a valid prescription can order Foundayo through Amazon Pharmacy, see real-time medication availability and transparent pricing, and receive fast medication delivery directly to their door nationwide. With insurance, pricing starts as low as $1 per day or $25 per month. F
Justin Paget/DigitalVision via Getty Images Peloton Interactive, Inc.'s ( PTON ) fundamentals, as well as the challenging macroeconomic landscape, combined with the heavy insider selling, make me bearish on the company in the near term. Sales are declining, and the firm's bottom-line results are still negative, while shareholders are being more and more diluted every year. The poor consumer sentim...
Justin Paget/DigitalVision via Getty Images Peloton Interactive, Inc.'s ( PTON ) fundamentals, as well as the challenging macroeconomic landscape, combined with the heavy insider selling, make me bearish on the company in the near term. Sales are declining, and the firm's bottom-line results are still negative, while shareholders are being more and more diluted every year. The poor consumer sentiment in the United States, along with the elevated energy prices—driven by the outbreak of the war in Iran earlier this year—is pressuring the firm both from the demand and cost sides. While the company is planning to expand by “going to the gym,” the rollout is not expected until late 2026, and therefore, I do not see any significant catalysts in the near term that could boost sales or earnings. For these reasons, I rate PTON's stock as a sell today. 1. Sales, earnings, and shares outstanding In the most recent quarter, PTON's results disappointed. Total sales declined as a result of declining subscription revenue and connected fitness products revenue. It is actually not only the past three months but also the past six months when sales deteriorated. Income statement (Peloton Interactive) The following table breaks down the revenue decline in percentage terms. We can see that connected fitness revenue declined by as much as 3.7% YoY, while subscription revenue fell by 1.9%. The decline in the connected fitness products was primarily driven by the lower-than-expected product sales to existing members and the 7% decrease in paid subscriptions. Revenue (Peloton Interactive) When we break down the revenue geographically, we can see that the international segment—which is significantly smaller than North America—slightly grew, but the decline in North America more than offset this growth. Revenue (Peloton Interactive) It is not only the topline results that disappoint. It is even more concerning that after so many years in the business, PTON is still generating net losses. Cons...
Nvidia's Jensen Huang Foresees $1 Trillion in Combined Sales for Blackwell and Vera Rubin Through 2027 -- but This Is Only Half the Story The Motley Fool
Nvidia's Jensen Huang Foresees $1 Trillion in Combined Sales for Blackwell and Vera Rubin Through 2027 -- but This Is Only Half the Story The Motley Fool
Thapana Onphalai/iStock via Getty Images Thesis Resources Connection ( RGP ) is a professional services firm that supplies on-demand consulting talent and project teams to companies that need specialized expertise without adding permanent headcount. When last addressing RGP's performance, my recommendation was to downgrade to "Sell" despite looking cheap at face value. However, I felt demand was p...
Thapana Onphalai/iStock via Getty Images Thesis Resources Connection ( RGP ) is a professional services firm that supplies on-demand consulting talent and project teams to companies that need specialized expertise without adding permanent headcount. When last addressing RGP's performance, my recommendation was to downgrade to "Sell" despite looking cheap at face value. However, I felt demand was poor with declining estimates. Additionally, there was increasing pressure from AI (this was a big issue for me) and automation on some aspects of their core offering. Seeking Alpha I'm not tooting my own horn, but that caution was definitely the right call. Since my last coverage, RGP has materially underperformed with a total return of -31% versus the broader market ( SP500 ) which had the same period's performance at -1%. Now, after reviewing the latest earnings report, I still find no compelling reasons to upgrade this stock, as weak demand, slow deal conversion, and mounting AI pressure continue to outweigh the appeal of its seemingly cheap valuation. My Key Takeaways from Resources Connection Q3 2026 On-Demand Talent Revenue : $40.9M (-16.3% YoY) On-Demand Talent EBITDA: $2.9M (7% margin vs 5.5% YoY) On-Demand Talent Bill Rate: $146 (vs $140 YoY) RGP’s management is saying that demand is still fairly steady, and they’re even winning more contracts. The issue for me is that these deals are taking longer to actually bring in money than expected. The on-demand talent market may be starting to bottom out. The decline isn’t as bad as before, and they’re even getting better pricing for more specialized roles. That’s a healthier situation than just seeing demand fall off a cliff. Even though things are starting to level out, it doesn’t mean they’re actually improving yet. If clients are mostly saying yes to smaller projects and taking more time to approve bigger ones, the company’s income could remain low for a while, even if, on paper, it looks like there are plenty of poten...
Bond traders trimmed wagers that the Federal Reserve will lower interest rates once this year after data confirmed that US inflation quickened in March as the Iran war led to higher gasoline prices. Interest-rate swaps on Friday showed traders pricing in a roughly one-in-three chance of a quarter-point rate cut this year, little changed from before the data. Treasuries edged lower after the report...
Bond traders trimmed wagers that the Federal Reserve will lower interest rates once this year after data confirmed that US inflation quickened in March as the Iran war led to higher gasoline prices. Interest-rate swaps on Friday showed traders pricing in a roughly one-in-three chance of a quarter-point rate cut this year, little changed from before the data. Treasuries edged lower after the report, with yields up two to three basis points across maturities. The consumer price index rose 0.9% from February, the most in nearly four years, in large part due to the sharp increase in gas prices tied to the conflict in the Middle East. A measure that excludes food and energy costs — core CPI — increased 0.2%. “The CPI data today will not support bond prices as next month’s inflation report will reveal more headaches for investors and the Fed,” Tom di Galoma , managing director at Mischler Financial Group, said. The March consumer price report provides the first tangible glimpse of inflation dynamics since the US attacked Iran at the end of February. Last month’s surge in oil prices propelled Treasury yields sharply higher, before the prospect of a ceasefire — agreed to this week — sparked a reversal in crude and bonds. The moves come after last week’s stronger-than-expected employment report partially soothed growth worries, renewing investors focus on the potential fallout from elevated energy costs. Fed officials have flagged the prospect of higher inflation keeping policy on hold for some time, as their preferred gauge of consumer prices is rising faster than their 2% long-run target. Minutes of the Federal Open Market Committee’s March meeting, released Wednesday, revealed that a growing contingent of Fed officials was concerned that the war in Iran would contribute to rising inflation.
William Luque/iStock via Getty Images Intro Amerigo Resources Ltd. ( ARREF ) is one of the most interesting companies in the copper sector. It’s something of a cross between a royalty company and an actual mining company. They produce around 60M pounds of copper a year via a single, low-risk asset, are well run by conservative management, and pay out huge amounts of cash to shareholders. I view th...
William Luque/iStock via Getty Images Intro Amerigo Resources Ltd. ( ARREF ) is one of the most interesting companies in the copper sector. It’s something of a cross between a royalty company and an actual mining company. They produce around 60M pounds of copper a year via a single, low-risk asset, are well run by conservative management, and pay out huge amounts of cash to shareholders. I view the equity as a type of strange, copper-linked bond. Amerigo Resources April 2026 Corporate Presentation As a business, Amerigo is somewhere between fairly valued and slightly undervalued. As an investor, the bulk of the value is derived from their Capital Return Strategy , which has given way to industry-leading returns since its implementation in 2021. With the company now debt-free and holding plenty of cash, they have room to pay out large amounts of free cash flow (if not all) to shareholders, making this a copper-based income machine. For investors who are income-focused, prefer defensive equities, want to avoid risky value destruction, and are looking to add some copper exposure to their portfolios, Amerigo is a compelling opportunity. While the huge, sector-beating returns seen in 2025 won’t be had going forward, Amerigo is still a wonderful company that is set to reward investors as long as copper prices don’t collapse. Core business operations - Copper without the mine Amerigo runs a unique toll-based model that makes it a one-of-a-kind business in the copper world. Its sole asset is Mineral Valle Central (MVC), which is a large-scale tailings reprocessing plant. The plant, located in Chile adjacent to Codelco’s El Teniente mine, is composed of grinding and flotation facilities. They take tailings from El Teniente, reprocess those into a copper concentrate, and send that back to El Teniente. For this privilege, they pay El Teniente a royalty linked to copper prices. Amerigo Resources 2022 Technical Report And that’s basically it. There are very few moving parts in A...
There's an odd thing occurring in the market right now: Tesla is no longer being valued as an automotive stock . It's not even being valued as an electric vehicle (EV) stock . Instead, it's clear that the market now thinks of it as an artificial intelligence (AI) stock. Tesla's valuation now exceeds $1 trillion, and shares trade at more than 13 times sales. Compare that valuation to an EV competit...
There's an odd thing occurring in the market right now: Tesla is no longer being valued as an automotive stock . It's not even being valued as an electric vehicle (EV) stock . Instead, it's clear that the market now thinks of it as an artificial intelligence (AI) stock. Tesla's valuation now exceeds $1 trillion, and shares trade at more than 13 times sales. Compare that valuation to an EV competitor like Rivian Automotive (NASDAQ: RIVN) -- which trades closer to 3 times sales with a market cap under $20 billion -- and you can quickly understand how different the market thinks Tesla is right now. That's especially true when you consider that its auto sales have been declining for years, and yet its valuation remains sky high. Tesla is now considered to be a bona fide AI business . Continue reading