Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Trump Media & Technology Group Corp (Symbol: DJT), where a total of 19,950 contracts have traded so far, representing approximately 2.0 million underlying shares. Th
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Trump Media & Technology Group Corp (Symbol: DJT), where a total of 19,950 contracts have traded so far, representing approximately 2.0 million underlying shares. Th
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in AST SpaceMobile Inc (Symbol: ASTS), where a total of 113,874 contracts have traded so far, representing approximately 11.4 million underlying shares. That amounts to abo
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in AST SpaceMobile Inc (Symbol: ASTS), where a total of 113,874 contracts have traded so far, representing approximately 11.4 million underlying shares. That amounts to abo
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in ACM Research Inc (Symbol: ACMR), where a total of 13,038 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 11
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in ACM Research Inc (Symbol: ACMR), where a total of 13,038 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 11
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GE Vernova Inc (Symbol: GEV), where a total volume of 19,697 contracts has been traded thus far today, a contract volume which is representative of approximately
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GE Vernova Inc (Symbol: GEV), where a total volume of 19,697 contracts has been traded thus far today, a contract volume which is representative of approximately
FinkAvenue/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back in the headlines this week on news that the company is repurchasing 49% equity interest in its Ireland fab 34 joint venture from Apollo Global ( APO ) for $14.2B. Intel had sold this stake to Apollo back in 2024 for $11.2B, so the latter is not coming out of this empty-handed. YahooFinance The market is reading this as...
FinkAvenue/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back in the headlines this week on news that the company is repurchasing 49% equity interest in its Ireland fab 34 joint venture from Apollo Global ( APO ) for $14.2B. Intel had sold this stake to Apollo back in 2024 for $11.2B, so the latter is not coming out of this empty-handed. YahooFinance The market is reading this as positive, with the stock closing up over 8% on Wednesday. The move signals renewed confidence in Intel’s footing, considering that almost two years ago, when Intel sold that stake, it was under very different circumstances. Still under Pat Gelsinger, still etching for its glory days, and under immense pressure to fund its large-scale manufacturing expansion (under IDM 2.0), which Apollo’s cash infusion helped provide. Today, the company is under new management, Lip-Bu Tan, with aggressive financial discipline and capital backing from Nvidia ( NVDA ) and the U.S. government. That’s not to mention rumors circulating that Apple ( AAPL ) has already signed an NDA with Intel to receive its 18A, which would imply that Intel’s foundry has somehow proven itself and gained a stamp of validation from the biggest smartphone player on the block. Nvidia’s also been in the headline mix with parts of the I/O die for the Feynman architecture potentially shifting to 14A by 2028. Today’s Intel is undergoing a major restructuring and going out to repurchase stakes, framing the agreement as “underpinned by the growing and essential role CPUs play in the era of AI.” From what it looks like, Intel is in its comeback era, hanging out with big tech and no longer left behind the AI wagon. But the market knows this framing and has priced it into the stock. The stock was stuck in the sub-$20 department for months after Gelsinger left, and then no one wanted to pick up Intel. Well, there were a few fishing, and we were among them. TSP Our thesis on Intel was buy under $20 and dump above for a swing t...
FinkAvenue/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back in the headlines this week on news that the company is repurchasing 49% equity interest in its Ireland fab 34 joint venture from Apollo Global ( APO ) for $14.2B. Intel had sold this stake to Apollo back in 2024 for $11.2B, so the latter is not coming out of this empty-handed. YahooFinance The market is reading this as...
FinkAvenue/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back in the headlines this week on news that the company is repurchasing 49% equity interest in its Ireland fab 34 joint venture from Apollo Global ( APO ) for $14.2B. Intel had sold this stake to Apollo back in 2024 for $11.2B, so the latter is not coming out of this empty-handed. YahooFinance The market is reading this as positive, with the stock closing up over 8% on Wednesday. The move signals renewed confidence in Intel’s footing, considering that almost two years ago, when Intel sold that stake, it was under very different circumstances. Still under Pat Gelsinger, still etching for its glory days, and under immense pressure to fund its large-scale manufacturing expansion (under IDM 2.0), which Apollo’s cash infusion helped provide. Today, the company is under new management, Lip-Bu Tan, with aggressive financial discipline and capital backing from Nvidia ( NVDA ) and the U.S. government. That’s not to mention rumors circulating that Apple ( AAPL ) has already signed an NDA with Intel to receive its 18A, which would imply that Intel’s foundry has somehow proven itself and gained a stamp of validation from the biggest smartphone player on the block. Nvidia’s also been in the headline mix with parts of the I/O die for the Feynman architecture potentially shifting to 14A by 2028. Today’s Intel is undergoing a major restructuring and going out to repurchase stakes, framing the agreement as “underpinned by the growing and essential role CPUs play in the era of AI.” From what it looks like, Intel is in its comeback era, hanging out with big tech and no longer left behind the AI wagon. But the market knows this framing and has priced it into the stock. The stock was stuck in the sub-$20 department for months after Gelsinger left, and then no one wanted to pick up Intel. Well, there were a few fishing, and we were among them. TSP Our thesis on Intel was buy under $20 and dump above for a swing t...
FatCamera/E+ via Getty Images Investment Thesis Zoetis is a hold. Despite its quality and wide moat, I believe Zoetis currently trades close to fair value with limited upside, thus not justifying a buy rating. The company's competitive advantages come mainly from scale, established veterinary relationships and portfolio depth. While these are real strengths, I believe that the market overestimates...
FatCamera/E+ via Getty Images Investment Thesis Zoetis is a hold. Despite its quality and wide moat, I believe Zoetis currently trades close to fair value with limited upside, thus not justifying a buy rating. The company's competitive advantages come mainly from scale, established veterinary relationships and portfolio depth. While these are real strengths, I believe that the market overestimates the long-term pricing power of Zoetis. With many investors now putting the company into the value category after the massive selloff, I believe this drop is a fair reaction to a thinner moat than many assume and intensifying competition. Introduction As the leader in the animal health sector, Zoetis faces long-term tailwinds from rising pet ownership, consumer shift to high-quality and sustainable meat, as well as increasing chronic diseases among both pet and livestock animals. Zoetis has a diversified portfolio consisting of roughly 300 product lines among 8 core species. These include dogs, cats, cattle, swine, horses, poultry, sheep and fish, with companion animals making up ~70% and livestock ~30% of the total revenue. During Q4 2025, Zoetis delivered 4% organic operational growth, while revenue in the U.S. market declined 2% on a reported basis and was flat organically. This was mainly driven by a decline in sales of the company's osteoarthritis pain products Librela and Solensia, as well as weaker routine vet visits. For 2026, Zoetis is guiding for 3-5% organic operational growth, which excludes FX and acquisitions. Zoetis Q4 2025 Despite the tailwinds, high-margin structure and strong fundamentals, Zoetis stock price is now down almost 30% YoY and over 50% from its ATH of $236.46 per share, while in 2025 it delivered more than 185 geographic expansions, lifecycle and product innovations. This suggests that the market is fearful about more than just maturing growth. Moat Zoetis has a broad moat, built on global scale, entrenched veterinary relationships, trusted bra...
With uncertainty looming large over the Iran war – and the oil market – Morgan Stanley is recommending investors play defense in their portfolios. President Donald Trump dashed traders' hopes for a resolution to the Iran war when he spoke on Wednesday night, saying that the U.S. would hit Tehran "extremely hard" and he suggested that the conflict could go on for weeks. Oil prices surged in respons...
With uncertainty looming large over the Iran war – and the oil market – Morgan Stanley is recommending investors play defense in their portfolios. President Donald Trump dashed traders' hopes for a resolution to the Iran war when he spoke on Wednesday night, saying that the U.S. would hit Tehran "extremely hard" and he suggested that the conflict could go on for weeks. Oil prices surged in response , with West Texas Intermediate crude futures for May delivery jumping more than 11% to settle at $111.54, its highest close since June 2022. Brent crude futures for June delivery advanced settled up 7.78% at $109.03. Shakiness around energy supply does not bode well for stocks, Morgan Stanley strategists said in a Friday note. "Uncertainty around magnitude and duration of oil supply disruption means outcomes for risk assets have become increasingly asymmetrical," the strategists wrote. "With potential downside rising significantly, we recommend turning defensive." Backing off global equities, ramping up on cash In their asset allocation recommendation, the strategists downgraded global equities to equal weight from overweight, including dialing back exposure to emerging markets. The hypothetical portfolio has a 55% weighting in equities: 32% is toward the U.S., 10% to Europe, 5% to Japan and 8% to emerging markets. "Earnings trajectory and fundamentals going into the start of the conflict in the Middle East had been strong, a reason we leaned more into stocks at the end of February," Morgan Stanley said. "But potentially higher energy prices and greater geopolitical risk will weigh on both earnings and multiples and now we'd rather stay defensive. The team of strategists also noted that though Brazil presents a bright spot, emerging markets in Asia are "dependent on Middle Eastern supply of crude oil, refined products, and [liquefied natural gas]." With respect to bonds, 25% of the portfolio is earmarked to core fixed income: 20% is in government bonds and 5% goes toward ...
Key PointsApplied Digital's debt exploded from $468 million to roughly $5 billion in just over a year, with its latest $2.15 billion raise carrying a 6.75% interest rate.
Key PointsApplied Digital's debt exploded from $468 million to roughly $5 billion in just over a year, with its latest $2.15 billion raise carrying a 6.75% interest rate.
US Secretary of State Marco Rubio has voiced “serious concerns” over China’s intensified inspections of Panama-flagged vessels, vowing that the US “stands firmly” with Panama amid the Latin American country’s escalating fallout with Beijing. Rubio said China’s recent actions “raise serious concerns about the use of economic tools to undermine the rule of law in Panama, a sovereign nation and vital...
US Secretary of State Marco Rubio has voiced “serious concerns” over China’s intensified inspections of Panama-flagged vessels, vowing that the US “stands firmly” with Panama amid the Latin American country’s escalating fallout with Beijing. Rubio said China’s recent actions “raise serious concerns about the use of economic tools to undermine the rule of law in Panama, a sovereign nation and vital partner for global commerce”. “Detentions, delays, or other impediments to the movement of vessels...
Wirestock/iStock via Getty Images Introduction It’s fair to say that the accessibility of Chinese equities through the ETF route isn’t unidimensional, with investors currently being afforded around three dozen different alternatives to play this theme. One, amongst this crowded pack, is the iShares MSCI China A ETF ( CNYA ), which will complete a decade as a listed product in June this year. CNYA,...
Wirestock/iStock via Getty Images Introduction It’s fair to say that the accessibility of Chinese equities through the ETF route isn’t unidimensional, with investors currently being afforded around three dozen different alternatives to play this theme. One, amongst this crowded pack, is the iShares MSCI China A ETF ( CNYA ), which will complete a decade as a listed product in June this year. CNYA, which has so far, amassed total assets under management [AUM] of +$200M since its inception, is priced at an expense ratio of 0.6%. Let’s dive in and find out more about this product and how it stands out. What Does CNYA Do? Those who have some inkling of the Chinese equity structure will know that gaining access to Chinese equities hasn’t always been particularly straight forward given the varied share classes on offer. Broadly, Chinese equities can be split into two buckets- Onshore stocks, which are a better representation of the domestic economy’s drivers, and Offshore stocks, that are more international and technology oriented. Share types guide (Invesco) CNYA’s focus is on the former category, more specifically A-shares, within which it currently picks out over 400 stocks. These are basically stocks that are incorporated and listed in Mainland China, and trade on the Shanghai and Shenzhen stock exchanges (rather than the Hong Kong Stock Exchange, NYSE or NASDAQ where they are listed as American Depository Receipts) where they are denominated in Renminbi (RMB) terms, rather than HKD (Hong Kong Dollars) or USD (US Dollars). A Few Structural Drawbacks Of CNYA Investors should also note that CNYA isn’t an ETF that employs a fund manager to actively pick Chinese A-shares from scratch; rather, through a sampling process, it seeks to mirror the performance of an A-shares focused index called the MSCI China A Inclusion Index [MCAII] . Resorting to passive management is certainly not a flaw, but one could say that CNYA’s sampling process is hardly pristine, as the ETFs tracki...