Series defeat in Australia ‘a chance so blithely spurned’ Indian dominance and Starc’s sacrifice recognised The latest edition of Wisden is unsparing in its criticism of England’s Test team, describing their Ashes defeat in Australia as a “wing-and-a-prayer” campaign that ended up “feckless, reckless and legless”. Published this Thursday, the sport’s longstanding bible has a strong Indian flavour...
Series defeat in Australia ‘a chance so blithely spurned’ Indian dominance and Starc’s sacrifice recognised The latest edition of Wisden is unsparing in its criticism of England’s Test team, describing their Ashes defeat in Australia as a “wing-and-a-prayer” campaign that ended up “feckless, reckless and legless”. Published this Thursday, the sport’s longstanding bible has a strong Indian flavour to its awards. Haseeb Hameed, captain of title-winning Nottinghamshire , is the sole Englishman among the five players of the year, with Shubman Gill, Rishabh Pant, Ravindra Jadeja and Mohammed Siraj recognised for their roles in last year’s memorable 2-2 Test series draw in England . Continue reading...
Alexander Farnsworth/iStock Editorial via Getty Images Capital One Financial ( COF ) is a mispriced large cap U.S. bank stock which trades relatively cheaply at ~1.8x P/TB on 15.8% FY26E RoTCE as it has underperformed in the past year with a 20.7% return compared with the S&P Bank index's ( KBE ) 39% growth. Most of the softness occurred in early 2026, as the market parsed through the headwinds it...
Alexander Farnsworth/iStock Editorial via Getty Images Capital One Financial ( COF ) is a mispriced large cap U.S. bank stock which trades relatively cheaply at ~1.8x P/TB on 15.8% FY26E RoTCE as it has underperformed in the past year with a 20.7% return compared with the S&P Bank index's ( KBE ) 39% growth. Most of the softness occurred in early 2026, as the market parsed through the headwinds it had been facing—a statutory 10% credit rate cap, credit quality deterioration, and a more costly Discover integration. But, we believe the market is not fully appreciating the structural transformation that the company has underwent to convert itself from a monoline card issuer into a vertically integrated payments and lending platform, which is unique among the top five U.S. card issuers. Data by YCharts Acquiring Discover for transformation Capital One completed the acquisition for Discover Financial Services in May 2025 for $51.8B, marking one of the largest U.S. bank deal in over ten years. Through this acquisition, COF bought $168.6B in identifiable assets, including $108.2B in loans and $106.9B in deposits ( FY25 annual report , pp.5). In addition, the acquisition brought in the Discover payment network, the PULSE debit network and the Diners Club International network. Not only just a balance sheet acquisition, the Discover deal is a structural repositioning for COF as it allowed the company to own the payment rail, whereas before, COF had to pay Visa ( V ) / Mastercard ( MA ) interchange and network fees for every card transaction. The management has outlined $2.7B in total synergies by FY2027E which comprises ~$1.5 in expense synergies (reducing overlap in admin costs and headcount, consolidating technology costs) and ~$1.2B in network synergies (Durbin Amendment debit exemption, reduced networks fees). The Durbin Amendment windfall arises from a regulatory arbitrage estimated to be ~$1.2B annually by FY2027E. Under U.S. law, the Federal Reserve's debit interchang...
In a world edging dangerously close to a wider war, where weeks of escalation between the United States, Israel and Iran have threatened to spiral into a catastrophic regional conflict, Pakistan has emerged as an unlikely but decisive diplomatic actor. Through sustained backchannel engagement and careful balancing of competing alliances, Islamabad helped bring two deeply distrustful adversaries to...
In a world edging dangerously close to a wider war, where weeks of escalation between the United States, Israel and Iran have threatened to spiral into a catastrophic regional conflict, Pakistan has emerged as an unlikely but decisive diplomatic actor. Through sustained backchannel engagement and careful balancing of competing alliances, Islamabad helped bring two deeply distrustful adversaries to a temporary ceasefire, hopefully averting what would be one of the most consequential geopolitical...
Nokia (NYSE:NOK), which provides network infrastructure and services, closed Monday at $10.38, up 9.67%. The stock moved higher after a Bank of America upgrade to “buy.” Investors will be watching for upcoming first-quarter earnings and AI-driven networking demand. Trading volume
Nokia (NYSE:NOK), which provides network infrastructure and services, closed Monday at $10.38, up 9.67%. The stock moved higher after a Bank of America upgrade to “buy.” Investors will be watching for upcoming first-quarter earnings and AI-driven networking demand. Trading volume
Overview Micron Technology, Inc. ( MU ) and Sandisk Corporation ( SNDK ) have been one of, if not the best, performers in the Nasdaq 100 over the last year. However, both stocks declined nearly 20% since Micron announced its earnings in mid-March in spite of reporting blowout earnings. It was very likely Micron revising its Capex guidance upwards that spooked the markets. There are several other f...
Overview Micron Technology, Inc. ( MU ) and Sandisk Corporation ( SNDK ) have been one of, if not the best, performers in the Nasdaq 100 over the last year. However, both stocks declined nearly 20% since Micron announced its earnings in mid-March in spite of reporting blowout earnings. It was very likely Micron revising its Capex guidance upwards that spooked the markets. There are several other factors that may have contributed to the decline, such as the U.S.-Iran War, the Alphabet ( GOOG ) Google TurboQuant news, increased short interest, or higher capital expenditure guidance for the year. Just_Super/E+ via Getty Images Bullish Thesis Mega Growth Runway as Memory becomes a Strategic Asset Just as people were highlighting the commodity-like nature of memory and fearing that memory demand has peaked, research pieces have come out from McKinsey and Gartner that highlight that the memory shortage is here to stay and that it is no longer an ordinary commodity but a strategic asset that hyperscalers are hoarding to prevent their competitors from getting access to the supply. McKinsey forecasts that the size of the semiconductor industry will grow from $775 billion in 2024 to $1.6 trillion in 2030. In the research article, the consulting giant also highlighted that it expects high bandwidth memory, or HBM, companies to be one of those that benefit most from the semiconductor boom. The memory market (NAND, DDR DRAM, and HBM) stands at $220 billion (as of 2024) as per McKinsey’s estimates. McKinsey forecasts that the memory market will grow by $260 billion to $480 billion at the end of 2030. I find these very estimates to be very conservative, as McKinsey has assumed HBM to grow at 20%, DDR DRAM at 12%, and NAND at 9%. The indications from Micron and SanDisk are for their growth to be higher than these estimates. Additionally, ASPs are increasing every few months, so it’s hard to believe that growth will be capped at 20%. Gartner’s estimates seem to be closer to reality ...
Dmitry Vinogradov Wall Street concluded higher on Monday even as U.S.-Iran talks collapsed, with Washington signaling plans to impose a naval blockade on key Iranian ports. The tech-focused Nasdaq Composite ( COMP:IND ) jumped up +1.2%, while the benchmark S&P 500 ( SP500 ) finished higher by +1%, and the blue-chip Dow ( DJI ) gained +0.6%. Here are the four stocks to watch after market: Dell Tech...
Dmitry Vinogradov Wall Street concluded higher on Monday even as U.S.-Iran talks collapsed, with Washington signaling plans to impose a naval blockade on key Iranian ports. The tech-focused Nasdaq Composite ( COMP:IND ) jumped up +1.2%, while the benchmark S&P 500 ( SP500 ) finished higher by +1%, and the blue-chip Dow ( DJI ) gained +0.6%. Here are the four stocks to watch after market: Dell Technologies ( DELL ) fell 3.3% in after-hours trading after Nvidia ( NVDA ) denied reports that it was in negotiations to acquire a major PC manufacturer. An Nvidia spokesperson told Bloomberg that a SemiAccurate report claiming the company had been in acquisition talks for over a year was “false,” adding that “Nvidia is not engaged in discussions to acquire any PC maker.” The denial reversed earlier gains that saw Dell shares surge approximately 6% during the regular session on the initial speculation. HP Inc. ( HPQ ) dropped 3.2% in after-hours trade following Nvidia’s clarification that it is not pursuing a PC maker acquisition. The decline came after shares had jumped around 4% during Monday’s session when the initial SemiAccurate report sparked takeover speculation across the PC sector. Nvidia’s formal denial to Bloomberg effectively unwound the day’s gains for the printer and PC maker. Credo Technology Group ( CRDO ) rose 2.69% to $137.91 in after-hours trading after announcing a definitive agreement to acquire DustPhotonics, a developer of Silicon Photonics technology for optical transceivers. The deal includes upfront consideration of $750M in cash and approximately 0.92M shares of Credo common stock, with potential incremental consideration of up to 3.21M additional shares tied to financial milestones. Genco Shipping & Trading ( GNK ) gained 2.8% at Monday’s close amid an ongoing proxy battle with Diana Shipping ( DSX ). Diana, which owns 14.8% of Genco, sent an open letter to shareholders urging support for its six director nominees at the 2026 annual meeting, critic...
FB Financial (FBK) delivered earnings and revenue surprises of -0.89% and -2.11%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
FB Financial (FBK) delivered earnings and revenue surprises of -0.89% and -2.11%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Greencastle Resources ( VGN:CA ) will acquire 500,000 shares of Future Fuels, increasing its holdings from 480,000 shares. The deal is valued at $230,000 and will be paid entirely in shares (4.6M Greencastle shares at $0.05 each). No cash will be used in the transaction. More on Greencastle Resources Ltd. Greencastle to raise up to $200,000 in private placement, names new CEO Financial information...
Greencastle Resources ( VGN:CA ) will acquire 500,000 shares of Future Fuels, increasing its holdings from 480,000 shares. The deal is valued at $230,000 and will be paid entirely in shares (4.6M Greencastle shares at $0.05 each). No cash will be used in the transaction. More on Greencastle Resources Ltd. Greencastle to raise up to $200,000 in private placement, names new CEO Financial information for Greencastle Resources Ltd.