AlexSecret The S&P 500 ( SP500 ) has continued its downward trajectory in 2026, with the benchmark index now lower by roughly 7.5% year to date, reflecting broad-based weakness across U.S. equities. While losses have been widespread, a significant share of the decline has been driven by the so-called magnificent seven group of mega-cap technology companies that collectively account for nearly one-...
AlexSecret The S&P 500 ( SP500 ) has continued its downward trajectory in 2026, with the benchmark index now lower by roughly 7.5% year to date, reflecting broad-based weakness across U.S. equities. While losses have been widespread, a significant share of the decline has been driven by the so-called magnificent seven group of mega-cap technology companies that collectively account for nearly one-third of the index’s weighting. On average, these stocks have fallen together about 15% this year, amplifying pressure on the broader market. However, the downturn is not limited to large-cap technology. Market breadth has deteriorated notably, with 288 of the index’s 500 constituents currently trading in negative territory for the year. Of those, 65 stocks have declined by 20% or more, while 21 have dropped at least 30%, underscoring the depth and persistence of the ongoing selloff. Outlined below are the magnificent seven members and how each name is trading in 2026: Microsoft ( MSFT ), -25.7% YTD. Tesla ( TSLA ), -20.6% YTD. Meta Platforms ( META ), -18.6% YTD. Alphabet ( GOOG )( GOOGL ), -12.9% YTD. Amazon ( AMZN ), -12.3% YTD. Nvidia ( NVDA ), -10.8% YTD. Apple ( AAPL ), -9.1% YTD. S&P 500 ETFs: ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( FXAIX ), ( VFIAX ), ( VFFSX ), and ( SWPPX ). Magnificent Seven ETFs: ( MAGS ), ( MAGX ), ( QQQU ), and ( QQQD ). More on markets Recession odds in 2026 jump to nearly 40% on prediction markets Apollo warns that the US10Y is mispriced by more than 50 bps as term premium surges 20 dividend stocks to watch as the Middle East conflict continues to shake markets Citi holds firm on S&P 500 target despite Iran tensions and the current market pullback OECD lifts G20 inflation outlook as rising energy prices impact global markets
Daniel Grizelj/DigitalVision via Getty Images I previously covered Micron Technology ( MU ) in December 2025, with my reiterated Buy rating attributed to their AI beneficiary status during the multi-year cloud supercycle and the robust hyperscaler demand for memory/storage offerings. In this article, I shall discuss why I am reiterating my Buy rating for the MU stock here, thanks to the improved r...
Daniel Grizelj/DigitalVision via Getty Images I previously covered Micron Technology ( MU ) in December 2025, with my reiterated Buy rating attributed to their AI beneficiary status during the multi-year cloud supercycle and the robust hyperscaler demand for memory/storage offerings. In this article, I shall discuss why I am reiterating my Buy rating for the MU stock here, thanks to the improved risk/reward and the cheaper valuations from the recent meltdown, significantly aided by their ability to sustainably fund their growth ambitions through the growing cash flows/rich balance sheet. MU's Bull Trap Meets Robust Fundamentals MU 1Y Stock Price (TradingView) Since my last Buy rating, MU has gone ahead and charted a new high of $471s by mid-March 2026 before losing part of those gains to retest the $355s by the time of writing—with a similar correction also observed in its memory/semiconductor peers in varying degrees. Market Rotation (Seeking Alpha) Part of the headwinds may be attributed to the ongoing market rotation , worsened by the macroeconomic uncertainty from the higher inflationary pressures and the ongoing Iran conflict , with it seemingly bringing forth a replay of the November 2021 selloff . Market Rotation (Reuters) 1. Capex Pessimism For now, I am of the opinion that MU's pullback has been a boon, since the stock's YTD rally through February 2026 has triggered the notable divergence against my prior Buy Zones of $240s and/or the 50-day moving averages offered in the last article. This is especially since the memory company has joined the hyperscalers' 'elevated capex party,' with it perhaps contributing to the market's pessimism surrounding the debt-ridden data center capex trends and the stock's consequent selloff by -24.5% post FQ2'26 earnings call. For reference, MU has already offered an FY2026 capex guidance of over $25B ( +81.1% YoY ) and the preliminary FY2027 capex guidance of $35B (+40% YoY), with these numbers well exceeding the last five ye...
Funtap/iStock via Getty Images Americold Realty Trust ( COLD ) shareholder Sieve Capital announced it's starting a campaign to strip Chairman Mark Patterson of his position and not nominate him for re-election at the upcoming annual meeting. "If shareholders take the time to review publicly available information pertaining to Mr. Patterson’s history as a fiduciary, we believe they will conclude th...
Funtap/iStock via Getty Images Americold Realty Trust ( COLD ) shareholder Sieve Capital announced it's starting a campaign to strip Chairman Mark Patterson of his position and not nominate him for re-election at the upcoming annual meeting. "If shareholders take the time to review publicly available information pertaining to Mr. Patterson’s history as a fiduciary, we believe they will conclude there is no basis or justification for him remaining involved with Americold," Sieve Capital said in a statement on Monday. Sieve Capital also wants Americold ( COLD ) to pivot from assessing potential asset sales and joint ventures to reviewing all strategic alternatives. Americold didn't immediately return a Seeking Alpha email request for comment The push from Sieve Capital comes after activist investor Ancora disclosed a stake in Americold in December and also pushed for the company to review strategic alternatives. Americold ( COLD ) should consider selling itself and/or sell non-core geographies to convert to a North America pure play and pay down its debt, Jim Chadwick, president of Ancora Alternatives, said at the Bloomberg Activism Forum in New York at the time. More on Americold Realty Trust Americold: A Globally Critical Cold-Storage Industrial REIT, But Occupancy Could Improve Americold Realty: A Patient Investor's High-Yield Opportunity Americold Realty Trust, Inc. 2025 Q4 - Results - Earnings Call Presentation Americold outlines $1.20–$1.30 AFFO per share guidance for 2026 amid cost reduction and portfolio optimization Americold Realty Trust FFO of $0.25 misses by $0.01, revenue of $658.5M beats by $3.95M
Considering oil prices have surged in recent weeks due to the war in Iran, and recent inflation data has also run hot, investors have grown increasingly concerned about the trajectory of the Federal Reserve's interest rate policy. So much so that, prior to today, instead of forecasting interest rate cuts this year, the market shifted its stance to predict no interest rate changes for the foreseeab...
Considering oil prices have surged in recent weeks due to the war in Iran, and recent inflation data has also run hot, investors have grown increasingly concerned about the trajectory of the Federal Reserve's interest rate policy. So much so that, prior to today, instead of forecasting interest rate cuts this year, the market shifted its stance to predict no interest rate changes for the foreseeable future, with a rate hike sometime in late 2027. Continue reading
May ICE NY cocoa (CCK26 ) today is down -2 (-0.06%), and May ICE London cocoa #7 (CAK26 ) is down -7 (-0.30%). Cocoa prices are slightly lower today after heavy rains over the weekend in West Africa bolstered the outlook for cocoa crops in the Ivory Coast and Ghana....
May ICE NY cocoa (CCK26 ) today is down -2 (-0.06%), and May ICE London cocoa #7 (CAK26 ) is down -7 (-0.30%). Cocoa prices are slightly lower today after heavy rains over the weekend in West Africa bolstered the outlook for cocoa crops in the Ivory Coast and Ghana....
US bank will get deal it doesn’t really need as it would be far too embarrassing for Treasury to see investment sail away The way Rachel Reeves told it last November after her budget, it seemed to be a done deal that JP Morgan would build a 279,000 sq metre (3m sq ft) tower in Canary Wharf to serve as its European headquarters. The chancellor was “thrilled” the Wall Street bank had chosen London a...
US bank will get deal it doesn’t really need as it would be far too embarrassing for Treasury to see investment sail away The way Rachel Reeves told it last November after her budget, it seemed to be a done deal that JP Morgan would build a 279,000 sq metre (3m sq ft) tower in Canary Wharf to serve as its European headquarters. The chancellor was “thrilled” the Wall Street bank had chosen London and hailed “a multibillion-pound vote of confidence in the UK economy and this government’s plans for growth”. And, to be fair to Reeves, Jamie Dimon, JP Morgan’s big boss, also presented the plan as final. “The UK government’s priority of economic growth has been a critical factor in helping us make this decision,” he said. Continue reading...
Schroptschop/iStock via Getty Images By Steffan Szumowski Investors have taken notice of the eye-popping federal commitments to new nuclear capacity in the U.S. in recent months. Headlines have focused on massive reactor deployment partnerships and loan authority in the hundreds of billions. While reactor developers certainly stand to benefit, a closer look reveals that the majority of this capita...
Schroptschop/iStock via Getty Images By Steffan Szumowski Investors have taken notice of the eye-popping federal commitments to new nuclear capacity in the U.S. in recent months. Headlines have focused on massive reactor deployment partnerships and loan authority in the hundreds of billions. While reactor developers certainly stand to benefit, a closer look reveals that the majority of this capital will flow through the broader nuclear value chain to fuel suppliers, component manufacturers, construction firms, and service providers. Diversified exposure across the full supply chain often captures more of the upside than any single reactor play alone. The $80 Billion Westinghouse Partnership In late October 2025, the U.S. government entered a strategic partnership with Brookfield Asset Management ( BAM ) and Cameco Corporation ( CCJ ) to accelerate deployment of Westinghouse’s AP1000 reactor. At the center of the deal is $80 billion for constructing 10 reactors across the U.S. The government committed to arranging financing, streamlining permitting, and supporting long-lead procurement. CCJ, which owns 49% of Westinghouse alongside Brookfield’s 51% stake, brings not only reactor expertise but also critical fuel supply capabilities to the table. The announcement was celebrated as a win for Westinghouse and its owners, but it should be understood that the majority of this funding will be spent long before a single watt is generated from any of these new reactors. Some of the components of the new plants will require significant lead time with fabrication and forging. Site evaluation and preparation will take months or years as well. The $40 Billion U.S.-Japan SMR Initiative More recently, President Trump and Japanese Prime Minister Sanae Takaichi announced up to $40 billion in joint investment for GE Vernova ( GEV ) and Hitachi to deploy BWRX-300 small modular reactors in Tennessee and Alabama. The deal is part of a larger bilateral energy package and underscores growi...