Chip stocks are leading a sharp midday pullback Tuesday, with Advanced Micro Devices (NASDAQ:AMD) down 9% and Intel (NASDAQ:INTC) sliding 8%. AMD shares are trading near $446, while Intel stock is hovering around $101.50. The selling is broad-based. The Invesco QQQ Trust (NASDAQ:QQQ), which tracks the NASDAQ 100, is off 3% on the day as ... AMD Sinks 9%, Intel Slides 8% as Chip Stocks Pull the NAS...
Chip stocks are leading a sharp midday pullback Tuesday, with Advanced Micro Devices (NASDAQ:AMD) down 9% and Intel (NASDAQ:INTC) sliding 8%. AMD shares are trading near $446, while Intel stock is hovering around $101.50. The selling is broad-based. The Invesco QQQ Trust (NASDAQ:QQQ), which tracks the NASDAQ 100, is off 3% on the day as ... AMD Sinks 9%, Intel Slides 8% as Chip Stocks Pull the NASDAQ 100 Down
Scharfsinn86 Technip Energies ( THNPY ) ( THNPF ) said Tuesday it entered into an agreement with Safran ( SAFRY ) ( SAFRF ), Airbus ( EADSY ) ( EADSF ), and Tereos to form a joint venture to develop a large-scale sustainable aviation fuel production project at the Port of Dunkirk in France. The project by the Rebound JV will use alcohol-to-jet technology to produce ~160K metric tons/year of SAF...
Scharfsinn86 Technip Energies ( THNPY ) ( THNPF ) said Tuesday it entered into an agreement with Safran ( SAFRY ) ( SAFRF ), Airbus ( EADSY ) ( EADSF ), and Tereos to form a joint venture to develop a large-scale sustainable aviation fuel production project at the Port of Dunkirk in France. The project by the Rebound JV will use alcohol-to-jet technology to produce ~160K metric tons/year of SAF, making it one of the largest facilities of its kind in Europe and contributing to European energy sovereignty, the companies said. Technip Energies ( THNPY ) ( THNPF ) said it will lead the development phase, and French agricultural cooperative Tereos will supply and source ethanol, while planem aker Airbus ( EADSY ) ( EADSF ) and engine maker Safran ( SAFRY ) ( SAFRF ) will join as industrial partners and potential offtakers. T he Port of Dunkirk already has awarded Technip Energies ( THNPY ) ( THNPF ) an industrial site in n orthern France which will offer, upon finalization of the venture, strong logistical advantages to Rebound for feedstock and product transport, as well as a streamlined permitting pathway. More on Technip Energies Technip Energies Q1 2026 Earnings Call Presentation Technip Energies: I'm Buying The Contractor Everyone Needs Technip Energies: Positioned To Win Across Energy Cycles
Catherine Delahaye/DigitalVision via Getty Images United Natural Foods, Inc. ( UNFI ) just reported its Q3 numbers , which were not received particularly well by the investing community, sending its shares down over 14%. I wanted to go over the numbers in more detail and give some comments on the outlook and why I don’t think it is worth going hunting for deals after such a drop. By the Numbers St...
Catherine Delahaye/DigitalVision via Getty Images United Natural Foods, Inc. ( UNFI ) just reported its Q3 numbers , which were not received particularly well by the investing community, sending its shares down over 14%. I wanted to go over the numbers in more detail and give some comments on the outlook and why I don’t think it is worth going hunting for deals after such a drop. By the Numbers Starting from the top, revenues came in at $7.7B, down 4.2% y/y, and missed estimates by $100m. Digging deeper into revenues, Natural foods came in at $4.34B, up 4.4%, Conventional foods dropped 13.6% to $3.13B, and by far the biggest disappointment of the bunch was retail, which dropped 10% to $515m. The reason for such an underperformance overall is: “ due to the transition out of the Allentown distribution center, as well as the impact from the anticipated lost sales associated with the unwind of short-term project -based work in the natural product segment.” Going over to the company’s profitability performance, adjusted EBITDA increased to $183m, an increase of 16.6%, giving us a 2.4% margin. Q3 adjusted EPS came in at 77 cents, which was in line with the consensus. We can see that the company is operating in a structurally thin business segment if even its adjusted margins are close to 0%. Any improvements or deterioration, even tiny ones, will make a massive impact on the company’s valuation. On a GAAP basis, the company managed to eke out a tiny profit of $33m for the quarter, giving it a 0.5% net margin. Looking at the company’s financial position, UNFI finished the quarter with around $43m in cash and equivalents, against $1.66B in long-term debt and $1.3B in LT operating lease liabilities. That is a lot of debt and not much cash to cover it. Fortunately, the company doesn’t pay a whole lot in interest expenses, but since it barely made a profit this time around, its interest coverage ratio was around 2x, which is right at the minimum that anyone looks for in genera...
laddawan punna/iStock via Getty Images Portfolio Manager John Malooly, CFA Lead Portfolio Manager 14 YEARS ON FUND / 28 YEARS AT WASATCH Natalie Pesqué, CFA Lead Portfolio Manager <1 YEARS ON FUND / 10 YEARS AT WASATCH Overview Small-cap U.S. growth stocks got off to a weak start in 2026, surrendering early gains and finishing lower during the first quarter. Concerns about the impact of artificial...
laddawan punna/iStock via Getty Images Portfolio Manager John Malooly, CFA Lead Portfolio Manager 14 YEARS ON FUND / 28 YEARS AT WASATCH Natalie Pesqué, CFA Lead Portfolio Manager <1 YEARS ON FUND / 10 YEARS AT WASATCH Overview Small-cap U.S. growth stocks got off to a weak start in 2026, surrendering early gains and finishing lower during the first quarter. Concerns about the impact of artificial intelligence (AI) on traditional business models weighed on equities. In addition, the war in Iran and the subsequent spike in energy prices led to a broader selloff, particularly in consumer and financial-related companies. In this environment, the benchmark Russell 2000® Growth Index slipped -2.81% and the Wasatch Ultra Growth Fund—Investor Class ( WAMCX ) trailed the benchmark, declining -8.33%. Recent advances in AI are raising concerns for investors because of these advances' potentially disruptive effects on competitive dynamics across several industries. In areas ranging from digital advertising to logistics and freight, AI-enabled automation and efficiency improvements threatened to erode competitive advantages, create overcapacity and compress margins. Software stocks were hit especially hard as new AI models demonstrated strong proficiency in generating computer-programming code. Although the Fund's software stocks also came under pressure, we reduced or exited positions we considered most vulnerable to future declines. At the same time, our semiconductor-related stocks logged outsized gains, making the information-technology (IT) sector the Fund's main area of strength in the quarter. Despite strong returns from our biotechnology names, stock selection in health care was the largest source of underperformance relative to the benchmark. Industrials were another area of relative weakness as the benchmark benefited more from positions tied to electrical-grid expansion, high-voltage equipment and engineering services supporting new power capacity. Enthusiasm for the...
Major stock indexes reversed course and succumbed to sellers Tuesday, highlighting volatility as investors juggle shifting prospects of a Middle East peace deal and the possibility the Federal Reserve will raise interest rates to curb inflation.
Major stock indexes reversed course and succumbed to sellers Tuesday, highlighting volatility as investors juggle shifting prospects of a Middle East peace deal and the possibility the Federal Reserve will raise interest rates to curb inflation.
monsitj/iStock via Getty Images Large-cap tech’s ( XLK ) ( VGT ) ( IYW ) latest run has gone from strong to statistically bizarre. The S&P 500 Technology sector ( XLK ) recently outperformed the broader S&P 500 ( SPY ) ( VOO ) by 29.3 percentage points over the prior 50 trading days, according to data from DataTrek Research. That put the move roughly 6 standard deviations above normal, with “no ot...
monsitj/iStock via Getty Images Large-cap tech’s ( XLK ) ( VGT ) ( IYW ) latest run has gone from strong to statistically bizarre. The S&P 500 Technology sector ( XLK ) recently outperformed the broader S&P 500 ( SPY ) ( VOO ) by 29.3 percentage points over the prior 50 trading days, according to data from DataTrek Research. That put the move roughly 6 standard deviations above normal, with “no other rally since 2015” coming close. Ryan Detrick, chief market strategist at Carson Group, put the scale in blunt terms: a 6-sigma event is supposed to happen about once every 4M years under a normal distribution. In markets, of course, extremes happen more often than textbook statistics imply — but that is still the point. This was an extraordinary burst of relative strength. The move fits the broader market story, with AI-linked mega-cap tech carrying the index and turning the S&P 500 ( SPY ) into a much more concentrated bet on a handful of names. Daily Chartbook More on the Markets Downside Risks Rise As Tech Volatility Spikes The Chip Stocks That Will Crack First Markets Don't Like Good News Anymore Weekly ETFs: Six of 11 sectors record outflows; materials sector leads inflows These tech stocks have maintained Strong Buy ratings for months
Midnight bedtime was entirely a public relations exercise to reconnect with fans – the same fans the ECB invites to one long piss-up at Lord’s The laws of cricket run to 200-and-some pages. The International Cricket Council’s Test playing regulations fill another 125, the anti-doping code packs another 66, the code of conduct is 44 more, illegal bowling actions 37, kit and equipment 36. You’d be h...
Midnight bedtime was entirely a public relations exercise to reconnect with fans – the same fans the ECB invites to one long piss-up at Lord’s The laws of cricket run to 200-and-some pages. The International Cricket Council’s Test playing regulations fill another 125, the anti-doping code packs another 66, the code of conduct is 44 more, illegal bowling actions 37, kit and equipment 36. You’d be hard pressed to find one single rule anywhere among them as silly as the one we know Ben Stokes has just broken, which stipulates that players can’t stay out past midnight. And yes, that does include ICC clothing regulation 19.45, which says that the maximum size of the manufacturer’s label permitted on ankle of players’ socks is two square inches. So far as we know, the only thing Stokes has done wrong is break this self-imposed curfew. That may change. The investigation may reveal more details about his alleged involvement in an altercation involving a rugby player. But if there was one very clear lesson from the last time Stokes was involved in a situation like this, at Embargo nightclub in 2017 , it’s that it’s worth waiting for the facts. But the drums have already started thumping. Dread phrases like “hanging by a thread” and “hard to see how he can continue” were all over the press. Continue reading...
Tech company says it ‘caught and disrupted’ NSO Group’s attempts to access accounts in Jordan and Lebanon A spyware firm has been targeting WhatsApp users with malicious links in contravention of a US court order forbidding it from doing so, Meta has said. In a post, Meta said WhatsApp had “caught and disrupted spear phishing attempts” by NSO Group, which a spokesperson said targeted a handful of ...
Tech company says it ‘caught and disrupted’ NSO Group’s attempts to access accounts in Jordan and Lebanon A spyware firm has been targeting WhatsApp users with malicious links in contravention of a US court order forbidding it from doing so, Meta has said. In a post, Meta said WhatsApp had “caught and disrupted spear phishing attempts” by NSO Group, which a spokesperson said targeted a handful of users in Jordan and Lebanon. It had also caught the group creating “test accounts and groups” on WhatsApp. Continue reading...
Upcoming Pax8 Marketplace availability helps MSPs standardize and secure Microsoft 365 at scale while creating a clear on-ramp to managed intelligence for SMB customersDENVER, June 09, 2026 (GLOBE NEWSWIRE) -- Pax8, the global AI and cloud Marketplace for small and medium-sized businesses (SMBs), is set to add inforcer to the Pax8 Marketplace in a new collaboration that makes the vendor available ...
Upcoming Pax8 Marketplace availability helps MSPs standardize and secure Microsoft 365 at scale while creating a clear on-ramp to managed intelligence for SMB customersDENVER, June 09, 2026 (GLOBE NEWSWIRE) -- Pax8, the global AI and cloud Marketplace for small and medium-sized businesses (SMBs), is set to add inforcer to the Pax8 Marketplace in a new collaboration that makes the vendor available through Pax8. With inforcer, managed service providers (MSPs) can more easily consolidate on the Mic