Polish power prices turned negative for some customers on two consecutive days as bright, windy weather sparked a surge in renewable electricity supplies that overwhelmed demand. Market prices used to calculate settlements for renewable household installations fell below zero for several hours on both days this past weekend, according to data from Polish grid operator PSE. The lowest price point w...
Polish power prices turned negative for some customers on two consecutive days as bright, windy weather sparked a surge in renewable electricity supplies that overwhelmed demand. Market prices used to calculate settlements for renewable household installations fell below zero for several hours on both days this past weekend, according to data from Polish grid operator PSE. The lowest price point was touched Monday at minus 791.32 zloty (minus $214) per megawatt-hour and remained in negative territory for roughly 10 hours. Although negative electricity prices aren’t unusual in European markets, they are typically brief and tend to occur during midday when solar generation peaks. According to PSE data, Polish day-ahead power prices were among the cheapest in Europe throughout the Easter holiday period. The Polish government provides subsidies for household energy storage to improve grid flexibility. At the same time, utilities have started offering dynamic tariffs, which unlike traditional fixed-price plans, allow consumers to benefit from periods of negative pricing.
Micron Technology (NASDAQ:MU) stock is up 4% in midday trading on Monday while shares of SanDisk (NASDAQ:SNDK) climb 3%. Both memory chipmakers are riding a wave of renewed enthusiasm around AI infrastructure spending. What’s driving these gains? The AI buildout continues to generate enormous appetite for memory chips, and hyperscalers are accelerating procurement timelines in ... Micron Jumps 4%,...
Micron Technology (NASDAQ:MU) stock is up 4% in midday trading on Monday while shares of SanDisk (NASDAQ:SNDK) climb 3%. Both memory chipmakers are riding a wave of renewed enthusiasm around AI infrastructure spending. What’s driving these gains? The AI buildout continues to generate enormous appetite for memory chips, and hyperscalers are accelerating procurement timelines in ... Micron Jumps 4%, SanDisk Gains 3% as AI Tailwinds Drive Memory Sector Higher
Oli Scarff/Getty Images News Proxy advisor Institutional Shareholder Services has recommended shareholders vote against a plan by BP's ( BP ) board to drop two older climate reporting commitments ahead of its April 23 annual meeting, Reuters reported Saturday. BP's ( BP ) board has called for a vote to retire two resolutions from 2015 and 2019 requiring company-specific climate reporting , arg...
Oli Scarff/Getty Images News Proxy advisor Institutional Shareholder Services has recommended shareholders vote against a plan by BP's ( BP ) board to drop two older climate reporting commitments ahead of its April 23 annual meeting, Reuters reported Saturday. BP's ( BP ) board has called for a vote to retire two resolutions from 2015 and 2019 requiring company-specific climate reporting , arguing that newer, standardized frameworks are clearer and easier to compare across companies, a move ISS called "unprecedented in the U.K. context." "We do not consider the board's argument that the prior resolutions detract from the clarity of reporting and standardized disclosures to constitute a sufficiently compelling case to offset the concerns for 'retiring' the relevant disclosures," ISS said. The proxy advisor also said investors should vote against a measure that would allow BP ( BP ) to hold online-only shareholder meetings. The ISS recommendations follow a broadening climate campaign against BP ( BP ) by some European investors, representing less than 0.3% of the company's owners, led by Dutch activist shareholder group Follow This. BP ( BP ) also named Carol Howle, who served as interim CEO before Meg O'Neill started the top job last week, as deputy CEO, saying she would oversee the company's ongoing portfolio review and strategy development. More on BP Four Reasons BP Could Correct BP: Oil At $100, Strong Buy BP: Buybacks Halted As Balance Sheet Takes Priority, Yet Valuation Remains Attractive
Palantir rides surging AI demand with strong revenue growth, rising customers and hefty margins, but rich valuation and Big Tech competition complicate the buy case
Palantir rides surging AI demand with strong revenue growth, rising customers and hefty margins, but rich valuation and Big Tech competition complicate the buy case
sezer ozger/iStock via Getty Images PIE Strategy Invesco Dorsey Wright Emerging Markets Momentum ETF ( PIE ) was launched on 12/28/2007 and tracks the Dorsey Wright ® Emerging Markets Technical Leaders Index. PIE has a portfolio of 102 stocks, a 12-month trailing yield of 2.14%, and an expense ratio of 0.90%. Distributions are paid quarterly. As described in the prospectus by Invesco , the underly...
sezer ozger/iStock via Getty Images PIE Strategy Invesco Dorsey Wright Emerging Markets Momentum ETF ( PIE ) was launched on 12/28/2007 and tracks the Dorsey Wright ® Emerging Markets Technical Leaders Index. PIE has a portfolio of 102 stocks, a 12-month trailing yield of 2.14%, and an expense ratio of 0.90%. Distributions are paid quarterly. As described in the prospectus by Invesco , the underlying index is designed to identify emerging markets equities with high relative strength by comparing their price returns over a set period to that of a benchmark. The methodology starts from the largest 1,000 constituents by market capitalization of the Nasdaq Emerging Markets Index. A relative strength score is assigned to each eligible security, and approximately 100 securities with the highest scores are selected in the index. Constituents are weighted based on their scores, and the index is reconstituted quarterly. The portfolio turnover rate was 204% in the most recent fiscal year. I will use as a benchmark the iShares MSCI Emerging Markets ETF ( EEM ). Portfolio About 57% of asset value is invested in large- and mega-cap companies, with a focus on Taiwan (48.4%) and notable exposure in China (15.5%). Other countries are below 9%. The aggregate weight of China and Taiwan (63.9%) points to high geopolitical risk. Compared to EEM, PIE overweights Taiwan, downplays China, and ignores South Korea and India. PIE top countries (chart: author; data: Invesco, iShares) The presence of Taiwan among emerging markets is debatable. South Korea has been considered a developed country by S&P since 2001, and Taiwan surpassed it in GDP per capita in 2025 . Both countries are ahead of the E.U., the U.K., and Japan in GDP at purchasing power parity per capita . The fund has a focus on technology (34.5%) and significant exposure in financials (21.1%) and industrials (14.8%). Compared to EEM, PIE mostly overweights industrials and greatly downplays consumer discretionary and communication ...
I previously worked as an equity analyst for a hedge fund with over $500 million in assets under management. I was a generalist, but focused mainly on the tech, consumer, and energy sectors. Part of my job was pitching stock ideas to my portfolio manager to get them included in the portfolio. It was a long-short fund, but our goal was total return. While we liked strong business models with growth...
I previously worked as an equity analyst for a hedge fund with over $500 million in assets under management. I was a generalist, but focused mainly on the tech, consumer, and energy sectors. Part of my job was pitching stock ideas to my portfolio manager to get them included in the portfolio. It was a long-short fund, but our goal was total return. While we liked strong business models with growth, we also put a heavy emphasis on valuation. As such, these would be the three stocks I'd be pitching to get into the fund today. Image source: Getty Images. Continue reading
When a company is as large as Walmart (NASDAQ: WMT) , it can be challenging to find new ways to grow its core business. It can get leaner and improve efficiency, but driving more revenue growth within its stores isn't all that easy. That's why you'll often see the company grow its sales by just low-to-mid single digits. There's one intriguing and controversial growth opportunity the company may be...
When a company is as large as Walmart (NASDAQ: WMT) , it can be challenging to find new ways to grow its core business. It can get leaner and improve efficiency, but driving more revenue growth within its stores isn't all that easy. That's why you'll often see the company grow its sales by just low-to-mid single digits. There's one intriguing and controversial growth opportunity the company may be able to take advantage of, however, and that's digital pricing. Not only could it improve efficiency by making it easier to update prices, but it could also make it easier to raise prices . It has consumers concerned that it may lead to surge pricing. Image source: Getty Images. Continue reading
格隆汇4月7日｜高盛集团旗下一只私募信贷基金表示，投资者在第一季度寻求赎回的比例略低于5%。这使其勉强躲过了迫使一些同行对限制赎回的大范围赎回潮。根据周一的一份申报文件，这只规模为157亿美元的高盛私募信贷公司管理着一只所谓的非交易型商业发展公司(BDC)；该基金在第一季度满足了相当于其发行在外股份4.999%的赎回请求。相比之下，包括Blue Owl Capital Inc.在内的同行收到的赎回...
格隆汇4月7日｜高盛集团旗下一只私募信贷基金表示，投资者在第一季度寻求赎回的比例略低于5%。这使其勉强躲过了迫使一些同行对限制赎回的大范围赎回潮。根据周一的一份申报文件，这只规模为157亿美元的高盛私募信贷公司管理着一只所谓的非交易型商业发展公司(BDC)；该基金在第一季度满足了相当于其发行在外股份4.999%的赎回请求。相比之下，包括Blue Owl Capital Inc.在内的同行收到的赎回请求远高于行业普遍规定的5%上限。不过，赎回请求仍高于去年第四季度的3.5%。
Police say 26-year-old man died at scene outside nightclub in Peckham and two others remain in hospital Four men have been arrested on suspicion of murder after a man was stabbed to death and two other men were injured outside a nightclub in south-east London. The Metropolitan police said officers were called at 3.54am on Monday to reports of a disturbance involving a group of people outside a nig...
Police say 26-year-old man died at scene outside nightclub in Peckham and two others remain in hospital Four men have been arrested on suspicion of murder after a man was stabbed to death and two other men were injured outside a nightclub in south-east London. The Metropolitan police said officers were called at 3.54am on Monday to reports of a disturbance involving a group of people outside a nightclub in Ruby Street, Peckham. Continue reading...
hapabapa/iStock Editorial via Getty Images The Healthcare sector was strong from last October through February. Those gains were all the more impressive, given the retreat among mega-cap tech stocks. The often-steady and somewhat defensive area provided diversification, but that changed once the war in Iran began. Healthcare—from pharma to medical services to biotech—broadly struggled. Likewise, s...
hapabapa/iStock Editorial via Getty Images The Healthcare sector was strong from last October through February. Those gains were all the more impressive, given the retreat among mega-cap tech stocks. The often-steady and somewhat defensive area provided diversification, but that changed once the war in Iran began. Healthcare—from pharma to medical services to biotech—broadly struggled. Likewise, shares of AbbVie ( ABBV ) fell to close out the first quarter. Amid high M&A in Healthcare and ongoing sector rotation, I had a "B uy" rating on AbbVie shares back in January . The stock is down 8% since the first of the year, dividends included. Today, I reiterate a "B uy" rating. I’ll provide a refreshed valuation, now with Q4 numbers in hand, ahead of its next earnings report due out later this month. I’ll also offer an updated look at the technicals. Healthcare's Recent Rollover Pressures Biotech Stocks StockCharts.com Back in February, AbbVie reported a solid set of quarterly results. Q4 non-GAAP EPS of $2.71 topped the Wall Street consensus forecast of $2.65. Revenue of $16.6 billion, up 10% from the same period a year earlier, was a material $200 million beat. By drug segment, the company’s YoY revenue from Humira fell 26%, Skyrizi rose 32%, and Rinvoq grew 29%. The firm also initiated its FY 2026 outlook above consensus. Despite solid Humira gains , shares fell 3.8% in the session that followed—a third consecutive post-earnings dip. Looking ahead to the April 29 Q1 release, the options market prices in a somewhat high 4.6% earnings-related stock price swing based on the at-the-money straddle expiring soonest after the print. ABBV now trades with a moderate 34% implied volatility percentage, while short interest on the stock is low at 1.4%. Looking closer at the quarter that was, AbbVie tallied very strong results. FY 2025 featured $61.2 billion in net sales, up 8.6% YoY. Growth was driven largely by the immunology portfolio, which reached $30.4 billion, thanks to big...
Brazil’s new Planning Minister Bruno Moretti will name leftist economist Guilherme Mello as his deputy, removing him from contention for a seat on the central bank’s board and advancing a shakeup of the federal government’s economic team ahead of elections, according to a person familiar with the matter. Mello, currently the Finance Ministry’s economic policy secretary, is also expected to be nomi...
Brazil’s new Planning Minister Bruno Moretti will name leftist economist Guilherme Mello as his deputy, removing him from contention for a seat on the central bank’s board and advancing a shakeup of the federal government’s economic team ahead of elections, according to a person familiar with the matter. Mello, currently the Finance Ministry’s economic policy secretary, is also expected to be nominated as chairman of Petrobras’s board, two people familiar said, asking not to be identified discussing private matters. The move was first reported by Folha de S. Paulo and confirmed by Bloomberg News. The Planning Ministry and the Finance Ministry didn’t immediately reply to requests for comment. His name had been suggested to President Luiz Inacio Lula da Silva by former Finance Minister Fernando Haddad for one of two open central bank board seats, but faced pushback from investors who viewed him with concern. The 42-year-old economist is part of a group of so-called structuralists who favor a stronger role for the state and public investment to boost production and address supply-demand imbalances driving inflation, rather than relying primarily on monetary policy. The changes to the central bank’s board come as the monetary authority cautiously begins an easing cycle, with policymakers signaling that future interest rate cuts will depend on the inflationary impact of the war in the Middle East, which has pushed up global fuel prices and lifted long-term inflation expectations. New Economic Team Lula’s economic team has a new lineup just months before the October vote as many of its original members stepped down to run in the election. Haddad is competing for governor of Sao Paulo and Simone Tebet left the helm of the Planning Ministry to pursue a Senate seat. Moretti, with new Finance Minister Dario Durigan, are now in charge of Lula’s fiscal strategy during the presidential campaign. Moretti’s appointment, alongside Mello, is expected to increase the Planning Ministr...