The S&P 500 is down 7.7% since the Iran conflict began — worse than the median 6.1% decline during previous geopolitical shocks.

JHVEPhoto/iStock Editorial via Getty Images Introduction Micron ( MU ) has been seeing its stock decline from its peaks despite the company reporting record-breaking guidance for its Q2 earnings that would, in essence, triple the company’s financials compared to 2 years ago. I’ll dive into why I still believe that Micron is not worth an investment at this current price, as it is down more than 4% since my sell rating on the company . Current Dynamics The main driver of the decline has been Micron’s decision to increase its fiscal 2026 Capex guidance by over $25B . Though this is to fast-track domestic manufacturing, the hike gave the signal of the ever-coming oversupply trap if the AI boom slows even at a slim margin. More recently, the ratepayer protection pledge has forced the hyperscalers like Amazon ( AMZN ) and Google ( GOOG ) to internalize long-dated energy utility liabilities. There are some concerns that these infrastructure premiums will directly put costs onto tech balance sheets and potentially cool the available capital for HBM. This ties in with the $100B New York megafab that has faced significant timeline resets, as the first fab will now start in Q3 of 2030 due to labor shortages and construction complexities. This shows the difference between theoretical planning and the real-world friction I mentioned in my earlier analysis, which would certainly affect such a large-scale endeavor. Another pillar of the bull case behind Micron has been Agentic AI, which can autonomously plan, reason, and act to do multi-step tasks. The nature of agentic AI, which can generate thousands of continuous inference loops per user session, in essence acts as a sustained baseload of compute demand, multiplying the amount of HBM required per user by an order of magnitude. However, that monetization wall has remained a risk, as while reports have indicated that 79% of organizations have adopted AI agents, only 34% have achieved full implementation . More so, research from S...

Micron: The Competition Is Catching Up (NASDAQ:MU) Seeking Alpha

由卡塔尔能源与 埃克森美孚 合资成立的黄金通道液化天然气项目，其首条液化生产线已实现首次液化天然气生产。这标志着，在伊朗冲突引发全球能源危机的背景下，该设施正从接收终端转型为主要的出口枢纽。 该项目位于得克萨斯州萨宾帕斯，共规划三条生产线，全面投产后名义年产能约为1800万吨。这一巨型项目是卡塔尔能源投资200亿美元于美国能源领域更广泛战略的一部分，同时也是该公司在推进卡塔尔北部油田扩建项目的同时，扩展其全球液化天然气投资组合的关键一环。 黄金通道液化天然气项目此前遭遇了建设延误和成本超支，最终成本超过100亿美元，较预算高出约20亿美元。该项目在2024年遭遇重大挫折，主承包商申请破产，导致数千人被裁员，直至新的承包商接手复工。另两条生产线预计将于2026年底和2027年投产。 该设施投产之际，卡塔尔能源行业正面临严重危机。此前，伊朗于2026年3月袭击了卡塔尔的拉什工业城，破坏了关键基础设施。袭击对卡塔尔关键的液化天然气出口枢纽能力造成了冲击，受影响生产线的修复工作预计需要三到五年。卡塔尔每年可能因此损失高达200亿美元的收入，而其亚洲和欧洲客户也将感受到供应减少带来的压力。 除黄金通道液化天然气项目外，美国目前还有多个大型液化天然气出口终端正在建设中，包括Venture Global在路易斯安那州的普拉克明液化天然气厂、切尼尔能源（纽交所代码：LNG）在得克萨斯州的科珀斯克里斯蒂液化天然气三期项目、NextDecade Corp．（ 纳斯达克 代码：NEXT）在得克萨斯州的里奥格兰德液化天然气项目、森普拉（纽交所代码：SRE）在得克萨斯州的亚瑟港液化天然气项目、Venture Global的路易斯安那州CP2液化天然气项目，以及伍德赛德能源（纽交所代码：WDS）在路易斯安那州的伍德赛德路易斯安那项目（即原Tellurian公司名下的漂木液化天然气项目）。 责任编辑：张俊 SF065

Two Chinese container ships sailed through the Strait of Hormuz on Monday on their second attempt to leave the Gulf after turning back on Friday, ship-tracking data showed. The critical waterway has effectively been shut since the US-Israeli war with Iran began on February 28. The vessels ‌sailed in close formation out of the strait and into open waters, data on the MarineTraffic platform showed. “Both vessels successfully crossed on a second attempt today, marking the first container vessels to...

Investors looking to navigate the choppy market should consider certain defensive plays, according to Barclays. That's because it's become clear that geopolitics, oil, artificial intelligence disruption and private credit are no longer just side risks this year, analyst Andrew Ferremi said in a note last week. "Global markets have entered a phase where geopolitical risk and structural disruption are no longer episodic shocks but persistent features of the investment landscape," he wrote. Stocks tumbled again last week, with the Dow Jones Industrial Average ending Friday more than 10% from its most recent high and entering correction territory, while the S & P 500 notched its fifth straight week of losses. The market has been see-sawing in 2026: First, investors grappled with fear over AI disruption in certain sectors . Private credit risks also weighed on the market as major funds saw rising redemptions . Then, the Iran war broke out at the end of February, sending oil prices higher. Ferremi and his team polled the firm's sector analysts on the best ideas for investors to manage the latest bout of market volatility. One top play is investing in stocks that are the most defensive in the current environment and are rated overweight by the analysts covering them. Many also pay dividends. Here are some of the names that made the cut. Investors can nab attractive portfolio income with Extra Space Storage , coming in with the highest yield on the list at roughly 5 % . The real estate investment trust focuses on self-storage properties, which have historically been resilient through economic cycles, analyst Brendan Lynch wrote. The sector's financials should continue to improve as supply pressures ease, he said. It will also benefit as AI drives enhanced marketing and pricing capabilities, he added. "We believe the largest players are best positioned to capture demand and leverage technology given large volumes of customer data and strong brand recognition," Lynch said. Th...

赛博离岸公司（Sable Offshore）周一表示，在本月早些时候恢复原油运输后，已开始通过其位于加州近海的圣伊内斯管道系统向 雪佛龙 销售石油。 该管道系统沿加州加维奥塔海岸铺设，自2015年发生石油泄漏事故后一直处于关闭状态。那次泄漏污染了数英里海岸线，导致野生动物死亡，并损害了当地渔业。 赛博公司重启该系统的努力此后引发了与加州监管机构及环保组织的长期争端，后者通过提起诉讼来质疑重启的合法性。 此次重启是在特朗普政府依据《国防生产法》发布指令后进行的，该指令要求恢复南加州附近的钻探作业，以加强国内能源供应。 赛博公司表示，该管道已以每日超过5万桶的速度，完成了从拉斯弗洛雷斯峡谷至彭特兰站的输油填充。 这家总部位于休斯顿的公司称，计划于周一晚些时候恢复圣伊内斯作业区的传统平台的生产，预计 日产 量将超过3万毛桶。 该公司还预计，该作业区内的另一座海上平台——洪都平台，将于第二季度末前投产。 责任编辑：张俊 SF065

DNY59/iStock via Getty Images Intro As has often been the case in the past, instead of following the most widely discussed reasons for potential market drawdowns, they can start from a trigger nobody could have expected. While much of the recent discussion has hovered around an AI bubble, liquidity draining, overpriced markets, or the yen carry trade as potential catalysts for a market selloff, the reality turned out differently yet again – this time, the so‑called “expected unexpected” came from the closure of a strait in the Middle East. The Middle East has long been seen as a continuously entrenched conflict environment, something markets have largely come to accept as an almost unavoidable reality. As a result, yet another escalation in the region was seen as nothing more than a brief period of elevated volatility. In situations like these, markets generally act in a fairly rational manner. Iran’s roughly 1.5 mbpd of oil exports at risk were viewed as the main downside factor, but given that oil markets were already facing an oversupply before the conflict, the risks to the global economy seemed almost negligible. Furthermore, since Iran was already under heavy sanctions, its role in the global economy remained limited. Instead, a potential change in another hardline regime could be viewed as a positive development from the market’s perspective. After all, Iran is a large country—nearly three times the size of France and 2.5 times the size of Texas —with a population of nearly 90 million, reportedly well-educated people. As the holder of the world’s third-largest oil reserves , a post-sanctions Iran could see its energy supply expand and its economy thrive, providing a boost to both the global and regional economies. In short, from the market’s perspective, a degree of short‑term uncertainty was outweighed by the potential for a more positive longer‑term outcome. But the closure of the Strait of Hormuz – while widely analyzed in theory and known for its highly d...

格隆汇3月31日｜当地时间3月30日，中非共和国总统图瓦德拉正式宣誓就职，开启其第三个总统任期。

Meta Shares Rise 2% After Key Trading Signal Benzinga

Coupang, Inc. (NYSE:CPNG) is one of the 10 High PE Stocks Insiders Are Buying. On March 17, 2026, Coupang, Inc. (NYSE:CPNG) announced at the NVIDIA AI Conference & Expo that its collaboration with Nvidia (NVDA) has enabled the creation of an “AI factory” to support innovation across its e-commerce logistics and delivery operations. The company […]

The wheat complex is showing mixed action on Monday, with KC the weakest. Chicago SRW futures are 6 to 7 cents higher at midday. KC HRW futures are down 2 to 3 cents reverting from some recent strength. MPLS spring wheat is 5 to 6 cents higher so far on...

Soybeans are trading with 4 to 6 cent gains on Monday at midday. The cmdtyView national average Cash Bean price is up 5 ¼ cents at $10.91 1/4. Soymeal futures are up 40 to 70 cents, with Soy Oil futures 125 to 130 points higher. Export Inspections data showed soybeans...

The eVTOL maker will face two unpredictable challenges.

Key PointsThe Iran War could postpone Joby’s first commercial flights in Dubai.

星巴克 借年度股东大会之机明确传递了一个信息：尽管股东推动了几项治理改革，管理层相信复苏已开始显现。 全部11名董事会提名人均获得连任，其中玛丽莎·梅耶得到的支持最为强劲。股东还批准了从超级多数投票制向简单多数标准的转变。与此同时，包括要求设立独立董事会主席、增加医疗与企业合作相关报告在内的若干提案未能通过，表明投资者目前并不寻求重大结构性变革。 市场更关注的是业务本身。首席执行官布莱恩·尼科尔显得信心十足，他表示公司的复苏进度快于预期，顾客已经能够“感受到不同”。门店体验是其中的重要一环，星巴克计划在2026财年之前对超过1000家门店进行焕新升级，以重现更温馨、更一致的氛围。 责任编辑：张俊 SF065

Elon Musk looks on as President Donald Trump speaks at the U.S.-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025. Brendan Smialowski | Afp | Getty Images Judge Kathaleen McCormick of Delaware said Monday that she's reassigning cases involving Elon Musk after the Tesla CEO accused her of bias due to what appeared to be her support of a social media post critical of him. Musk formally accused McCormick of bias last week, and his attorneys demanded that the Delaware Court of Chancery judge recuse herself from two Tesla lawsuits. The LinkedIn post that McCormick allegedly responded to with an emoji touted a court verdict that could cost Musk upwards of $2 billion for defrauding Twitter investors. McCormick said in a letter to Musk's attorneys last week that she didn't intend to click any emoji expressing support for the post, and that she had reported possible "suspicious activity" on her account to LinkedIn. In her order on Monday, McCormick denied the motion for recusal, but said she was reassigning three Musk-related actions now before the Court of Chancery to other judges. "The motion for recusal rests on a false premise — that I support a LinkedIn post about Mr. Musk, which I do not in fact support," she wrote. "I am not biased against the defendants in these actions. In fact, I dismissed a suit against Mr. Musk just last year. The motion for recusal is denied. But the motion for reassignment is granted." McCormick became the target of Musk's ire after she ordered Tesla to rescind his 2018 CEO pay package, worth about $56 billion in options, when she presided over the shareholder suit Tornetta v. Musk. Musk moved his businesses, including Tesla, out of Delaware, incorporating them in Texas and Nevada and encouraging others to do the same. In 2025, Delaware's Supreme Court said Musk's 2018 pay package must be restored, deciding that the lower court's decision by McCormick was too extreme a remedy and did not g...

Andrii Dodonov/iStock via Getty Images Commentary as of 12/31/25 The fund posted a return of -1.04% (Class I shares) for the fourth quarter of 2025, while its benchmark, the BofA Merrill Lynch 3-mo. T-bill Index, returned 0.97%. The fund's underperformance of its benchmark was primarily driven by intra-emerging market fixed income positioning, relative-value European equity exposure, and a short U.S. dollar position. The fund maintained a relatively neutral equity exposure as data indicated that market positioning was complacent and could be stretched across a number of risks. The fund was directionally short duration (interest rate sensitivity) in primarily the United States and Japan, and positioned for country-level divergences. It retained a short U.S. dollar exposure versus a basket of global currencies. Portfolio management Philip Green, Michael Pensky Investment approach The fund seeks to attain the highest total investment return through a fully managed investment policy utilizing equity, debt (including money market) and convertible securities. Contributors The fund moved to a more defensive stance in October and November by trimming directional positioning, which hampered results as performance across stocks, bonds, and the U.S. dollar remained positive. However, December brought about a shift that benefited the directional short positions in long-dated fixed income, as global yield curves steepened. Relative-value fixed income positioning also contributed, notably a long German bund versus short U.K. gilt exposure. Directional and relative-value long positions in Japanese equities were also additive, as Japan outperformed its global peers. Detractors Emerging market fixed income positioning was the main detractor, particularly a long Korea rates versus a short emerging market rates exposure, as an unexpected Bank of Korea policy statement drove higher real yields and weighed on returns. European equity relative-value positions weighed on returns, with sho...

champc Despite ongoing market volatility, bad news are starting to get baked significantly into technology ( VGT ), ( XLK ), ( IYW ) stock prices, according to Dan Ives, head of tech research at Wedbush Securities. In an interview with CNBC, Ives described the current investment climate as a “white-knuckle environment” but urged investors to focus on the underlying fundamentals rather than short-term price movements. Central to Ives’ bullish outlook is the projected $4T in capital expenditure dedicated to the AI revolution. When asked if this spending trajectory remained intact, Ives confirmed, “Nothing’s changed. And to some extent, accelerating in terms of a lot of these projects.” He noted that many tech stocks are currently “trading like numbers are getting cut, not that numbers are going higher.” The analyst acknowledged that prolonged macroeconomic pressures could eventually impact the sector. If current headwinds persist into the summer months, “then you could start to have clearly a ripple effect in terms of what that means in terms of numbers, capex,” Ives cautioned. However, if the disruption remains contained and is not prolonged, he views it as “really a speed bump on the broader view.” Microsoft’s ( MSFT ) 35% decline from its 52-week high exemplifies current investor nervousness. Ives attributed the sell-off to three factors: concerns about Google ( GOOGL ), ( GOOG ) gaining market share in cloud AI, questions about Microsoft’s ( MSFT ) reliance on OpenAI ( OPENAI ) as a potential competitor, and frustration that “the monetization is not at the pace that investors want to see” relative to infrastructure investments. Cybersecurity ( CIBR ), ( HACK ) emerged as a bright spot in Ives’ analysis, representing what he called “one of the most disconnected trades I’ve ever seen in tech.” He expects cybersecurity budgets to double from 5% to 10% of IT spending, identifying CrowdStrike ( CRWD ), Palo Alto Networks ( PANW ), and Zscaler ( ZS ) as well-positioned ...

耐克 即将发布财报，投资者期待从中看到早期迹象，表明其扭转经营颓势的努力正开始见效。 华尔街预计，该公司本财年第三季度的销售额约为112亿美元，每股收益为0.28美元，低于去年同期的0.54美元。较低的预期源于需求不稳、利润率承压等持续存在的问题，但市场目前的焦点已转向未来的发展态势。 分析师认为，最关键的是耐克能否在幕后持续取得稳步进展。这意味着需要在北美市场拿出更好成绩，保持中国市场的稳定态势，并在成本与库存控制方面展现更佳表现。 部分人士已看到积极信号。该公司似乎正在采取更果断的举措来重整业务，例如精简架构、调整分销渠道以及强化领导层聚焦。与此同时，新产品问世以及世界杯等赛事也可能带来助力。 不过，市场预期仍然偏低。期权市场预计财报发布后股价将波动约9%，显示出市场对近期前景存在较大不确定性。 这些数据或许无法为投资者提供一个清晰的转折点，但可能有助于判断耐克的复苏势头是否正在加快。 责任编辑：张俊 SF065

当地时间3月30日，中非共和国总统图瓦德拉正式宣誓就职，开启其第三个总统任期。图瓦德拉2016年首次当选中非共和国总统，2020年连任，并在2025年12月的总统大选中以77.90%的得票率胜出。（央视新闻）

A second former Spartan Capital Securities broker was accused of making hundreds of thousands of dollars on insider trades from tips linked to a man who stole confidential corporate deal information from his girlfriend’s laptop while they were working at home during the pandemic. Ronald Smith was charged with securities fraud and other crimes stemming from the alleged scheme, federal prosecutors in New York said in a statement announcing the unsealing of an indictment. Smith, who faces as much as 25 years in prison if convicted, turned himself in Monday and was released on a $1 million bond. Smith, 37, of Stamford, Connecticut, allegedly received the tips from Jordan Meadow, another former Spartan Capital broker who pleaded guilty to securities fraud and conspiracy in November and is scheduled to be sentenced in May. Meadow obtained confidential information from a friend and then passed it along to Smith, prosecutors said. Zach Intrater, a lawyer for Smith, declined to comment on the charges. A spokesperson for Spartan Capital also didn’t immediately respond to a request for comment. The cases were among several involving confidential information misappropriated from romantic partners working in close quarters during the pandemic. A former FBI trainee pleaded guilty in December 2023 to trading on data he learned from his former girlfriend about Merck & Co.’s 2021 takeover of Pandion Therapeutics Inc. and was sentenced to 15 months in prison. A month earlier, a Texas man pleaded guilty to securities fraud for making almost $2 million from information he learned about an acquisition target of BP Plc from listening to his wife’s conversations with colleagues. He got two years in prison. In Meadow’s case, he admitted trading on material non-public information that he got from a friend, Steven Teixeira, between November 2020 and April 2023 that had been taken from the laptop of Teixeira’s girlfriend, an executive assistant at an investment bank. Meadow said he’d agreed t...

随着市场对其传统CPU业务的依赖日益担忧，尤其是在整体PC市场显现疲软迹象的背景下， 英特尔 公司正面临新的考验。 客户端计算事业部仍是该公司最大的收入和运营利润来源，尽管该业务板块正承受着越来越大的压力。分析师认为，由于内存、存储和处理器价格预计上涨，将抑制消费者的购买意愿，2026年全球PC市场预计将萎缩。 与此同时，英特尔面临的竞争也在加剧。超微半导体在服务器CPU领域仍在持续扩大份额，而基于Arm架构的设计在数据中心和消费设备领域都日益普及。英特尔在其服务器业务方面也时而难以完全满足需求，这增添了另一层不确定性。 英特尔的代工业务仍是该公司最积极的亮点。投资者正密切关注该公司能否为其先进制程节点招揽到外部客户，这可能有助于提振市场情绪，尽管该业务目前仍在亏损。 英特尔仍处于转型阶段，投资者正期待看到更有说服力的迹象，证明该公司能够彻底扭转局面。 责任编辑：张俊 SF065

Chancellor Rejects Musk Recusal Bid But Transfers Tesla Suits Law360

Chancellor Rejects Musk Recusal Bid But Transfers Tesla Suits law360.com

半导体股周一普遍下跌，延续了上周的跌势，投资者正在权衡该行业面临的阻力。 费城半导体指数下跌约3%，使其五日累计跌幅接近9%。存储芯片制造商跌幅居前， 西部数据 下跌5%， 美光 科技和 希捷 科技各下跌约4%， 闪迪 下跌近3%。 设备供应商亦走低，泛林集团下跌约5%，而阿斯麦和 科磊 各下跌约3%。光学元件制造商中，应用光电暴跌14%，Coherent下跌近9%，Lumentum下跌7%。 英伟达和超微半导体跌幅均不到1%，而 英特尔 下跌约3%。 责任编辑：张俊 SF065

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Microsoft Corporation (Symbol: MSFT), where a total of 658,881 contracts have traded so far, representing approximately 65.9 million underlying shares. That amounts to a

Analysts are divided over whether Microsoft’s diversified business model is a long-term AI advantage or a convenient present-day excuse.