Moussa81/iStock via Getty Images Barrick Mining ( B ) said post-market Thursday it will slow the development of its Reko Diq copper-gold project in Pakistan and extend the project review until mid-2027 due to escalating security risks in the region. The company said it will reduce capital spending on the project while maintaining active management while continuing to invest in its existing in-coun...
Moussa81/iStock via Getty Images Barrick Mining ( B ) said post-market Thursday it will slow the development of its Reko Diq copper-gold project in Pakistan and extend the project review until mid-2027 due to escalating security risks in the region. The company said it will reduce capital spending on the project while maintaining active management while continuing to invest in its existing in-country community and social programs. Barrick ( B ) also warned of potentially significant increases to the previously disclosed total estimated capital budget and timeline for the project. The previously disclosed total estimated capital cost of $5.6B-$6B for Phase 1 and $3.3B-$3.6B for Phase 2, excluding capitalization of financing costs), with first production targeted by year-end 2028. Reko Diq could become one of the world's largest copper-gold mines, although industry experts have cautioned that development will be expensive and difficult . More on Barrick Mining Barrick Mining: Structural Tailwinds Make It A Golden Opportunity Barrick Mining: Time To Load Up On This Massive Dip Barrick Mining: Flashbacks From 2022, Setup Too Good To Ignore
The predicted demise of physical newspapers may be premature, but paper use in the stock market is definitely passé. Thankfully, the Securities and Futures Commission will phase it out and digitise the market within five years. That should be enough time for any Luddite to adjust. A launch date has been set for November 16 for rolling out a fully digital, paperless stock market. The aim is to boos...
The predicted demise of physical newspapers may be premature, but paper use in the stock market is definitely passé. Thankfully, the Securities and Futures Commission will phase it out and digitise the market within five years. That should be enough time for any Luddite to adjust. A launch date has been set for November 16 for rolling out a fully digital, paperless stock market. The aim is to boost efficiency and strengthen the city’s competitiveness. Digitalised securities and their documents...
SimonSkafar/iStock via Getty Images Microsoft Corporation ( MSFT ) stock is down by nearly -8% in price since my last analysis of the company. The weekly RSI is basically oversold at about 30.5, and my average price is $390 per share. I am targeting a return to about $600 per share within 12-18 months. This is over a +50% return, and at 11% of my NAV will mean a +5.5% total increase to the value o...
SimonSkafar/iStock via Getty Images Microsoft Corporation ( MSFT ) stock is down by nearly -8% in price since my last analysis of the company. The weekly RSI is basically oversold at about 30.5, and my average price is $390 per share. I am targeting a return to about $600 per share within 12-18 months. This is over a +50% return, and at 11% of my NAV will mean a +5.5% total increase to the value of my portfolio holdings. That gives the other 89% of my holdings a lot of room to do more great work as well. Not that consensus is anything to listen to on its own, but it is a good sentiment barometer. Wall Street's average price target of $587.31 indicates a +59.17% upside. Investment Case There are several material and fundamental updates to discuss for you, dear reader, since my last analysis. I will focus on developments in March alone, as there were many. On March 4 , CEO Nadella described how AI will be TAM-expanding for Office, signaling a pricing mix of subscriptions plus metering as agents will probably be treated as users. The key takeaway, which shuns the software bears, is that AI can raise both seat value and usage ARPU across the productivity stack. On March 4 , management also discussed the core capex debate head-on. AI is clearly lifting infrastructure intensity across the stack, but software-led orchestration makes this worth it. ROIC is not "tomorrow," it will be judged on multi-generation TCO, utilization, and diversified 1P/3P demand. Agents are driving regular compute, storage, network, and container demand, too, not GPU demand alone. On March 9 , the company also further exposed how it is building agent governance, identity, security, and Copilot into a higher ARPU enterprise suite rather than selling a narrow assistant SKU. The company added Anthropic's ( ANTHRO ) Claude to mainline Copilot chat alongside OpenAI ( OPENAI ) models. It also priced Agent 365 at $15 per user per month and launched Microsoft 365 E7 at $99 per user per month. All of these...
The Traitors winner is a gift to the camera as he takes a deeply moving trip to the Vatican. But it is his relationship with his mother that really tugs at the heartstrings Now, in all honesty I did not expect to be placing a warning about Harry Clark Goes to Rome at the top of this review, but here we are and here we go. If you are a premenstrual, lapsed Catholic woman d’un certain age , do not w...
The Traitors winner is a gift to the camera as he takes a deeply moving trip to the Vatican. But it is his relationship with his mother that really tugs at the heartstrings Now, in all honesty I did not expect to be placing a warning about Harry Clark Goes to Rome at the top of this review, but here we are and here we go. If you are a premenstrual, lapsed Catholic woman d’un certain age , do not watch this documentary about the ex-army engineer and Traitors winner exploring his faith with anyone in front of whom you do not wish to be seen weeping buckets of inexplicable tears and wailing, “His mother must be so proud!”. OK. That is my moral and professional duty discharged. Proceed at your own risk. Harry is – like, I suspect, both his parents and probably an unbroken line of Clarks before them – a cradle Catholic. He took part in the BBC’s unexpectedly lovely Pilgrimage: The Road Through the Alps last year, in which seven celebrities spent their time trekking and talking about their various faiths and none, giving us all a rare hour of reflective entertainment in the process. It was not difficult to predict that Harry – honest, guileless, a believer in God and his mum almost equally (“She says I’m the smartest dumbest person she knows … I’m just wired backwards”) – would soon appear in his own religious documentary. He’s a young, personable gift to the camera. Continue reading...
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 3.6% in the morning session after it agreed to repurchase Apollo Global Management's 49% stake in its Fab 34 chip manufacturing plant in Ireland for $14.2 billion. This transaction allowed Intel to regain full control over the key production facility, which manufactures advanced processors.
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 3.6% in the morning session after it agreed to repurchase Apollo Global Management's 49% stake in its Fab 34 chip manufacturing plant in Ireland for $14.2 billion. This transaction allowed Intel to regain full control over the key production facility, which manufactures advanced processors.
Pentagon announces Randy George retiring from role as US army chief of staff, ‘effective immediately’ Sign up for the Breaking News US email to get newsletter alerts in your inbox Randy George, the US army’s top officer, is stepping down from his role after the defense secretary, Pete Hegseth , reportedly requested that he retire immediately. The Pentagon confirmed on Thursday that George, who had...
Pentagon announces Randy George retiring from role as US army chief of staff, ‘effective immediately’ Sign up for the Breaking News US email to get newsletter alerts in your inbox Randy George, the US army’s top officer, is stepping down from his role after the defense secretary, Pete Hegseth , reportedly requested that he retire immediately. The Pentagon confirmed on Thursday that George, who had been serving as the army’s 41st chief of staff, was retiring. “General Randy A George will be retiring from his position as the 41st Chief of Staff of the Army effective immediately. The Department of War is grateful for General George’s decades of service to our nation. We wish him well in his retirement,” Pentagon chief spokesperson Sean Parnell said in a statement shared on social media. Continue reading...
Sundry Photography/iStock Editorial via Getty Images Investment Thesis Nova Ltd. (Nasdaq: NVMI ) has been a leader in the semiconductor manufacturing space since the mid-1990s. In this current AI-driven chip boom , Nova is well-positioned. By expanding its leadership in the metrology and calibration hardware niche and bolstered by the adoption of its Metrion platform at the two largest chipmakers,...
Sundry Photography/iStock Editorial via Getty Images Investment Thesis Nova Ltd. (Nasdaq: NVMI ) has been a leader in the semiconductor manufacturing space since the mid-1990s. In this current AI-driven chip boom , Nova is well-positioned. By expanding its leadership in the metrology and calibration hardware niche and bolstered by the adoption of its Metrion platform at the two largest chipmakers, Nova has secured its position as a crucial player in the semiconductor wafer manufacturing ecosystem. FY2025 saw record revenues , up 31% YoY, and a 60% increase in advanced packaging revenues. Management's guidance for growth in 2026, along with trends in Gate-All-Around (GAA) architecture, and strong demand for High Bandwidth Memory (HBM), support a strong investment outlook for Nova. Especially in advanced packaging, with SK Hynix, Inc. ( HXSCL ), Samsung Electronics Co. ( SSNLF ), and other peers running fabs at full capacity. The company’s growth has not been overlooked by investors. The stock has surged over 119% in the last 52 weeks, and is trading at a forward P/E of 43x vs. 35x for peer KLA Corporation (Nasdaq: KLAC ) and 32x for Onto Innovation Inc. (NYSE: ONTO ). Since it serves about one-fifth of the customers of KLA and Onto Innovation, it carries a premium valuation. At the current valuation, much of the near-term upside is priced in. Though the mid- to long-term risk/reward calculus is balanced in our view, the short-term upside is not compelling. Therefore, we rate Nova a Hold at this time. Data by YCharts Business Overview Competing in the metrology segment of the semiconductor industry, Nova designs, develops, and markets optical, materials, and chemical metrology equipment for measuring dimensions, chemical composition, and physical properties at multiple points in the semiconductor fabrication process. Without metrology, chipmakers cannot know if their devices are within specification. Without precision, yield collapses. Nova's high-end product family, ...
Nokia (NYSE:NOK) , provider of global network solutions, closed Thursday at $8.82, up 6.65%. The stock moved higher as traders increased bullish options activity in the regular session. The company’s trading volume reached 88.7 million shares, which is about 91% above compared with its three-month average of 46.5 million shares. Nokia went public in 1994 and has grown 569% since its IPO. The S&P 5...
Nokia (NYSE:NOK) , provider of global network solutions, closed Thursday at $8.82, up 6.65%. The stock moved higher as traders increased bullish options activity in the regular session. The company’s trading volume reached 88.7 million shares, which is about 91% above compared with its three-month average of 46.5 million shares. Nokia went public in 1994 and has grown 569% since its IPO. The S&P 500 (SNPINDEX:^GSPC) inched up 0.09% to finish Thursday at 6,582.69, while the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.18% to close at 21,879.18. In telecommunications equipment, industry peers Telefonaktiebolaget Lm Ericsson (publ) (NASDAQ:ERIC) closed at $11.62, up 2.98%, and Cisco Systems (NASDAQ:CSCO) ended at $79.02, rising 1.95% as investors weighed 5G and networking demand. Continue reading