Sales of Rivian Automotive Inc. fell consecutively for 4 months in the U.S. as the electric automaker gears up to launch the awaited R2 Crossover SUV. Rivian Sales Fall For 4 Months Rivian sales fell during the first quarter by over 26.5% YoY as the company sold 8,141 vehicles in Q1 2026 compared to the 11,070 units it delivered last year, according to a report by Electric Vehicles on Wednesday. D...
Sales of Rivian Automotive Inc. fell consecutively for 4 months in the U.S. as the electric automaker gears up to launch the awaited R2 Crossover SUV. Rivian Sales Fall For 4 Months Rivian sales fell during the first quarter by over 26.5% YoY as the company sold 8,141 vehicles in Q1 2026 compared to the 11,070 units it delivered last year, according to a report by Electric Vehicles on Wednesday. During March, Rivian sold 2,925 units, an almost 1000 unit decline from the 3,910 units it sold in Ma
Solskin/DigitalVision via Getty Images Introduction Spok Holdings’ ( SPOK ) share value has been cratering this past year, so I thought it would be a great time to revisit it, since I haven’t covered it since October of 2024, when I gave it a hold rating , as there was no rush to start a position. I came to the same conclusion this time around as well. The wireless business will continue to declin...
Solskin/DigitalVision via Getty Images Introduction Spok Holdings’ ( SPOK ) share value has been cratering this past year, so I thought it would be a great time to revisit it, since I haven’t covered it since October of 2024, when I gave it a hold rating , as there was no rush to start a position. I came to the same conclusion this time around as well. The wireless business will continue to decline, which will affect its cash flow, and the software side of things is taking much too long to offset the structural declines in legacy. Briefly on performance Starting from the very top, we can see that the company’s revenue growth stalled in the second half of the year. This is primarily due to the legacy wireless business continually shrinking, while its software booking came in rather choppy as well. The new software gains were just not enough to keep the total revenue accelerating. Back in Q2 of the year, the management was confident enough to raise full-year guidance, but it turns out it was a bit premature, as the second half of the year was softer overall. By Q4, software bookings bounced back sharply, but the damage of H2 was already done. Seeking Alpha We can see that due to the overall top-line weakness, the company’s margins were pressured as well. The easy explanation is the costs didn’t fall as fast as its revenue, and the mix was still largely affected by the declining wireless as well as growth in lower-margin services work. The company must have a lot more fixed costs on the books, so if sales suffer, there are fewer units to spread out those costs across. Margins across the board are down around 100bps from the highs set in the second quarter of the year. Seeking Alpha And it is not surprising that other key efficiency metrics have followed suit. Since the second quarter, SPOK’s management has ended up utilizing the company’s assets and shareholder capital less efficiently. The decline isn’t particularly bad, but it is not a good trend. Also, these are bel...
M Swiet Productions | Getty Images Gregory Hutchison, 72, is living most people's retirement dream . After a nearly 44-year career as an expert in information technology at IBM , Hutchison retired in 2021 with close to $1 million in his 401(k) . He and his wife sold their home and downsized to a smaller house by the water in Snow Hill, Maryland, where he likes to go boating. "I don't live a lavish...
M Swiet Productions | Getty Images Gregory Hutchison, 72, is living most people's retirement dream . After a nearly 44-year career as an expert in information technology at IBM , Hutchison retired in 2021 with close to $1 million in his 401(k) . He and his wife sold their home and downsized to a smaller house by the water in Snow Hill, Maryland, where he likes to go boating. "I don't live a lavish life, but I have enough to go out to dinner every night, if I want to, with my wife," he said. Even so, Hutchison said he wishes he had consulted with a financial advisor sooner. "There is so much you don't know — the taxes, expenses are coming from places you didn't know existed," he said. "I got lucky," he said of his savings. "The stock market was growing." Read more CNBC personal finance coverage Market volatility poses a serious risk for new retirees. Here's how to prepare Trump's overtime deduction is a 'home run,' Treasury says. How it could change Stock market is in for 'choppy, bumpy ride,' strategist says. Here's how to play it Parents with student loans have limited time to secure forgiveness, affordable bills Social Security needs more money. The question is, who will pay? Should you 'buy the dip' amid the latest stock market volatility? What experts say Boston Fed: Credit card APRs have 'economically meaningful' impact on spending Retirement saver protection rule has died — for the second time More than 7 million student loan borrowers face deadline to leave SAVE plan Department of Labor proposes rules for including alternative assets in 401(k)s 31.5% of car buyers underwater on trade-ins; analyst says amount owed 'troubling' Why your tax refund may look different this year, and what's actually driving it Expecting to fight about money with your partner? You might be wrong: study Belle Burden's 'Strangers' highlights key financial red flags for women Average IRS tax refund is up 10.9%, latest filing data shows CNBC's Financial Advisor 100: Best financial advis...
Jonathan Kitchen/DigitalVision via Getty Images I previously covered Broadcom Inc. (NASDAQ: AVGO , NEOE: AVGO:CA ) in December 2025, discussing why I had reiterated my Buy rating then, given their dominant custom AI accelerator position, the robust intermediate-term revenue visibility from the growing backlog, and the compellingly valued, profitable growth prospects. In this article, I shall discu...
Jonathan Kitchen/DigitalVision via Getty Images I previously covered Broadcom Inc. (NASDAQ: AVGO , NEOE: AVGO:CA ) in December 2025, discussing why I had reiterated my Buy rating then, given their dominant custom AI accelerator position, the robust intermediate-term revenue visibility from the growing backlog, and the compellingly valued, profitable growth prospects. In this article, I shall discuss why I am upgrading the AVGO stock as a Strong Buy here, with the ongoing Tech/AI pessimism and the consequent selloff already triggering the cheaper valuations and the excellent dip buying opportunity. This is significantly aided by the company's AI beneficiary status during the multi-year data center capex trends and the growing custom AI accelerator partnership with its six customers, as similarly observed in the management's promising FQ2'26/FY2027 guidance. AVGO Proves Its AI Beneficiary Status AVGO 1Y Stock Price (Trading View) Since my last Buy rating, AVGO has lost -10% of its value with a similar development also observed in the wider market at -4.8% and its semiconductor peers in varying degrees. Much of their headwinds are attributed to the market rotation , as the uncertain macroeconomic and the ongoing Iran conflict trigger a risk-off market sentiment and the consequent selloff. Combined with AVGO's stock price gains by +200% between the April 2025 bottom and the recent 52 week highs in December 2025, it is apparent that a correction may have been on the cards for some time, attributed to the stock's notably premium P/E valuations of 49.01x at the recent high against the 5Y P/E mean of 25.64x. Otherwise, I am of the opinion that the pullback has been a boon for those looking to add, since AVGO continues to prove their AI beneficiary status, with the management already reporting outsized AI semiconductor revenue growth to $8.4B in FQ1'26 (+106% YoY) and guiding AI semiconductor revenue growth to $10.7B in FQ2'26 (+140% YoY). This is on top of the management's ...
imaginima/E+ via Getty Images Introduction Globalstar ( GSAT ), a satellite communication company, had rallied on April 1st after the market by about 15% on the news from the Financial Times that Amazon ( AMZN ) might be weighing an acquisition. According to the news, Amazon is ready to pay almost $9 billion, although the news was not confirmed by either of the sides. Even though it’s still early ...
imaginima/E+ via Getty Images Introduction Globalstar ( GSAT ), a satellite communication company, had rallied on April 1st after the market by about 15% on the news from the Financial Times that Amazon ( AMZN ) might be weighing an acquisition. According to the news, Amazon is ready to pay almost $9 billion, although the news was not confirmed by either of the sides. Even though it’s still early to speculate on this specific acquisition, I found this piece of news particularly interesting. I’ve been closely following Amazon’s satellite Project Leo (before Project Kuiper) for some time now, and I find this business segment of Amazon fascinating because, while Musk's Starlink has a major first-mover advantage, Amazon is probably the only company in the world that has the resources to catch up and to become a serious competitor for Starlink in the commercial segment, potentially expanding to government contracts. The Reasoning Behind The Acquisition To compete with Starlink, Amazon has had to make some difficult preparations, and execution has not always been smooth. It currently has around 200 satellites in orbit , which is way fewer than Starlink's 10,000+, but to be fair, Amazon plans to cover the whole Earth with only 7,700 low Earth orbit [LEO] satellites, way less than the 42,000 Starlink will need to achieve the same goal. This could be the major advantage of Amazon, and I have a detailed article breaking down all of the opportunities and risks. I suggest reading it if you’re interested in satellite connectivity. The difficulty for Amazon is that they don’t have the means to launch the satellites, and they have to rely on different companies for that. They mostly use Jeff Bezos-funded Blue Origin, but also companies like United Launch Alliance, Arianespace, and even SpaceX. As a result, they’re unable to stand to the FCC’s requirement of 1600 established LEO satellites by mid-2026, which could lead to losing the license if the FCC doesn’t agree to the 2-year ex...
Jonathan Kitchen/DigitalVision via Getty Images I previously covered Broadcom Inc. (NASDAQ: AVGO , NEOE: AVGO:CA ) in December 2025, discussing why I had reiterated my Buy rating then, given their dominant custom AI accelerator position, the robust intermediate-term revenue visibility from the growing backlog, and the compellingly valued, profitable growth prospects. In this article, I shall discu...
Jonathan Kitchen/DigitalVision via Getty Images I previously covered Broadcom Inc. (NASDAQ: AVGO , NEOE: AVGO:CA ) in December 2025, discussing why I had reiterated my Buy rating then, given their dominant custom AI accelerator position, the robust intermediate-term revenue visibility from the growing backlog, and the compellingly valued, profitable growth prospects. In this article, I shall discuss why I am upgrading the AVGO stock as a Strong Buy here, with the ongoing Tech/AI pessimism and the consequent selloff already triggering the cheaper valuations and the excellent dip buying opportunity. This is significantly aided by the company's AI beneficiary status during the multi-year data center capex trends and the growing custom AI accelerator partnership with its six customers, as similarly observed in the management's promising FQ2'26/FY2027 guidance. AVGO Proves Its AI Beneficiary Status AVGO 1Y Stock Price (Trading View) Since my last Buy rating, AVGO has lost -10% of its value with a similar development also observed in the wider market at -4.8% and its semiconductor peers in varying degrees. Much of their headwinds are attributed to the market rotation , as the uncertain macroeconomic and the ongoing Iran conflict trigger a risk-off market sentiment and the consequent selloff. Combined with AVGO's stock price gains by +200% between the April 2025 bottom and the recent 52 week highs in December 2025, it is apparent that a correction may have been on the cards for some time, attributed to the stock's notably premium P/E valuations of 49.01x at the recent high against the 5Y P/E mean of 25.64x. Otherwise, I am of the opinion that the pullback has been a boon for those looking to add, since AVGO continues to prove their AI beneficiary status, with the management already reporting outsized AI semiconductor revenue growth to $8.4B in FQ1'26 (+106% YoY) and guiding AI semiconductor revenue growth to $10.7B in FQ2'26 (+140% YoY). This is on top of the management's ...
Monty Rakusen/DigitalVision via Getty Images Investment Thesis I reiterate my recommendation to buy Vale shares ( VALE ). I have covered the company's shares since April 17, 2024 when the first article was published, and the last article about the thesis was published on January 8, 2026. Interestingly, I dealt with the operation of some metals that are not very relevant for Vale today, but very st...
Monty Rakusen/DigitalVision via Getty Images Investment Thesis I reiterate my recommendation to buy Vale shares ( VALE ). I have covered the company's shares since April 17, 2024 when the first article was published, and the last article about the thesis was published on January 8, 2026. Interestingly, I dealt with the operation of some metals that are not very relevant for Vale today, but very strategic for the future, and today, I will give more details about my perception of the value of the company's base metals operation. Corporate profile Vale was founded in 1942 as a state-owned company, and became a private company in 1997. The company is among the largest global mining companies, and its shares have risen due to a rotation of investors into hard assets. The iron ore operation represents 80% of operating results, while the base metals unit (copper, nickel, lithium, among others) represents 20%. Therefore, today the iron ore operation is the main one; however, the most strategic one for the energy transition is the base metals unit, and that is what I will talk about in this article. Context Vale held a meeting with investors in Canada to explain its strategy in the base metals division. The most relevant point: the possibility of an IPO was not even mentioned by the executives; on the contrary, management seeks to reinforce the capacity to self-finance expansion plans. The base metals division has the goal of doubling copper production (priority), going from the current 382 thousand tons per year to 700 thousand tons in 2035. As a reference, Vale Base Metals ended 2025 with a leverage of 0.4x. Projections indicate a CapEx of $1.6 billion in 2026 and $2 billion in 2027 for the unit to pursue its goals. It is worth remembering that the unit was separated from Vale through a spin-off completed in 2024. The transaction also included the sale of a 10% stake to Manara, a joint venture between the Saudi Arabian Public Investment Fund and the Saudi Arabian Mining Co...
As the second quarter kicks off, Bank of America believes that stocks such as Meta Platforms and Spotify are positioned to outperform. The first quarter was marked with macroeconomic uncertainty and geopolitical volatility, characterized by ramping tensions in the Middle East. The S & P 500 jumped to begin April's trading and the second quarter, but it's still down 3.8% in 2026. On Wednesday, Bank...
As the second quarter kicks off, Bank of America believes that stocks such as Meta Platforms and Spotify are positioned to outperform. The first quarter was marked with macroeconomic uncertainty and geopolitical volatility, characterized by ramping tensions in the Middle East. The S & P 500 jumped to begin April's trading and the second quarter, but it's still down 3.8% in 2026. On Wednesday, Bank of America detailed its top high-conviction, short-term, buy-rated U.S. stocks for the second quarter, saying that it was "going long on the market pullback." The list of ideas is based on the bank's view "that these stocks could have significant market and business-related catalysts in the quarter ahead." Bank of America publishes the list at the beginning of each quarter. Stocks are intended to stay on the list for the period, although some may be chosen again for the next quarter's basket. Select names from Bank of America's most recent list are shown in the table below: One name on the list was "Magnificent Seven" giant Meta. The social media giant recently suffered two key losses in court involving child safety. The stock is down almost 13% in 2026. However, the bank's $885 price objective implies that the stock could surge about 54% from its Thursday close. Analyst Justin Post said that Meta's recent pullback has now created an attractive opportunity for investors. "In the near-term, while litigation headline risk could persist, we don't expect a material impact on the company's revenue growth or profitability, as the legal and appeals process is likely to take multiple years to play out," he wrote. "We think current valuation underappreciates the AI opportunity for Meta, including the tangible benefits AI is already driving across Meta's core advertising business." Audio streamer Spotify, down almost 16% this year, was another name on the list. Bank of America's $750 price target corresponds to an upside of 53% for the stock. Analyst Jessica Reif Ehrlich wrote that ...
akinbostanci/E+ via Getty Images Introduction: What a week for memory. The market was absolutely stunned last week following the news that Google ( GOOG ) ( GOOGL ) had devised a new algorithmic method, known as TurboQuant , which would reduce the memory requirement for AI workloads by up to a factor of 6. The news sparked a sell off in the big memory companies, including Micron ( MU ). The narrat...
akinbostanci/E+ via Getty Images Introduction: What a week for memory. The market was absolutely stunned last week following the news that Google ( GOOG ) ( GOOGL ) had devised a new algorithmic method, known as TurboQuant , which would reduce the memory requirement for AI workloads by up to a factor of 6. The news sparked a sell off in the big memory companies, including Micron ( MU ). The narrative behind the sell-off was this new algorithm would fundamentally change the paradigm for memory use in memory-heavy workloads, such as AI, with the end result being less memory demand and a big P&L hit for the likes of Micron. I find it unlikely that AI developers are going to suddenly decide they need to use less memory. The reason there are memory shortages and bottlenecks at present is due to insatiable underlying demand . A step change in efficiency is a good thing; it means developers are able to achieve more with less, but I think in the arms race to develop the best systems, everybody will still want more. I see the sell-off in memory names as irrational, and I see Micron as a buy rating. TurboQuant: The first thing worth acknowledging about the TurboQuant breakthrough, if it's correct to call it that, is that it's a testament to the enduring power of innovation. It never ceases to amaze me the ability of engineers, technicians, and developers to innovate and push technology standards forward. Technology changes over time create winners and losers in the markets, but at the system level, it is ultimately a benefit to economies and markets. The sell-off in memory stocks post the Google announcement strikes me as a classic knee-jerk market reaction that we see from time to time. The pattern is consistent: some market news comes out that challenges the existing wisdom. Market participants, which these days can often just be trading systems using natural language programs to read through news stories and headlines, see the news come out and react by trading positions i...