Mortgage lender PennyMac Financial Services Inc. saw a third of its market value wiped out on Friday after its weak earnings report shocked investors and Wall Street analysts. The selloff is continuing Monday, with the shares posting their worst two-day stretch since March 2020. PennyMac’s fourth-quarter profits shrank by more than 30%, while analysts had estimated a 12% expansion, according to da...
Mortgage lender PennyMac Financial Services Inc. saw a third of its market value wiped out on Friday after its weak earnings report shocked investors and Wall Street analysts. The selloff is continuing Monday, with the shares posting their worst two-day stretch since March 2020. PennyMac’s fourth-quarter profits shrank by more than 30%, while analysts had estimated a 12% expansion, according to data compiled by Bloomberg. Revenue grew 14%, falling short of an anticipated 33% jump. Investors responded by unloading the shares, which are down almost 40% in the past two sessions. None of the sell-side analysts tracking the stock have sell ratings . “There’s a couple of things that are really head scratching about the quarter,” said Deutsche Bank analyst Mark DeVries . Now, he sees PennyMac in the “penalty box,” adding that it may need “at least a quarter of better results, better margins, before people regain their confidence in their earnings outlook.” The chief concern is what these results mean for the rest of the year. PennyMac’s loan servicing business suffered in the fourth quarter due to a surge in prepayments by borrowers, while its loan production segment didn’t gain enough to offset the servicing declines. This is concerning because in falling interest rate environments prepayments and refinancings typically rise along with new loans, creating a balance between the two sides of the business. “At least for this one quarter, it kind of undermined people’s faith in that part of the thesis for PennyMac,” DeVries said, and maintained his buy rating on the shares. The earnings have Wall Street analysts rethinking their price targets. On Wednesday, the day before the earnings hit, the average price target stood at $156. By Monday, it was down to $133. But with the stock trading for around $94, the reduced figure still represents a more than 40% jump over the next 12 months. The rout in PennyMac shares on Friday also spread to other mortgage-related stocks, with share...
SoFi Technologies is making its mark on the banking scene -- especially with younger people. If you're interested in financial stocks, you've probably noticed SoFi Technologies (SOFI 2.26%), perhaps wishing that you bought it long ago. Check out its trailing returns: Time period Average annual return Past year 58.3% Past three years 62.4% Impressive, right? The fintech (financial technology) compa...
SoFi Technologies is making its mark on the banking scene -- especially with younger people. If you're interested in financial stocks, you've probably noticed SoFi Technologies (SOFI 2.26%), perhaps wishing that you bought it long ago. Check out its trailing returns: Time period Average annual return Past year 58.3% Past three years 62.4% Impressive, right? The fintech (financial technology) company only went public via an IPO in June 2021. Take a closer look at its recent returns, though: Time period Average annual return Past month (5.9%) Past three months (15.1%) The stock is actually down a fair amount recently! You might wonder now -- with shares recently below $25 apiece, is this a good time to pounce? Let's see. Expand NASDAQ : SOFI SoFi Technologies Today's Change ( -2.26 %) $ -0.52 Current Price $ 22.30 Key Data Points Market Cap $29B Day's Range $ 21.87 - $ 22.77 52wk Range $ 8.60 - $ 32.73 Volume 1.5M Avg Vol 59M Gross Margin 63.53 % Meet SoFi Technologies SoFi is a nationally chartered online bank that offers a wide range of finance services, including personal loans, private student loans, mortgage loans, auto loans, student loan refinancing, investing, credit cards, travel services, and even cryptocurrency trading, among other things. It began with a focus on student loan services, but it has clearly expanded. Still, it has retained younger people as its main customers, serving them via the SoFi app and website. Its wide range of services can help it weather an economic downturn better than some other financial companies. The company has also partnered with other companies to reduce its risk exposure. SoFi Technologies has 12.6 million members (and counting), and as it has added services, it has aimed to be a one-stop financial shop. It recently boasted $73 billion-plus in funded loans and $34 billion-plus in debt paid off by members. The company has been growing well, with its third-quarter report featuring: Record adjusted net revenue of $950 million...
Memory-chip maker Sandisk saw its IBD SmartSelect Composite Rating jump to a best-possible 99 Monday, up from 93 the day before. The upgrade comes after AI play Sandisk reported a 404% surge in earnings last quarter to $6.
Memory-chip maker Sandisk saw its IBD SmartSelect Composite Rating jump to a best-possible 99 Monday, up from 93 the day before. The upgrade comes after AI play Sandisk reported a 404% surge in earnings last quarter to $6.
tiero/iStock via Getty Images Thesis: Next step of Nebius' portfolio Late December and January have been a pretty busy time for Nebius ( NBIS ). We saw the announcement of Nebius AI Cloud 3.1, and now the company has just given us another major signal. Strategically speaking, the offering of Nvidia’s ( NVDA ) Vera Rubin coming later this year is pretty big news, both for Nebius and the broader AI ...
tiero/iStock via Getty Images Thesis: Next step of Nebius' portfolio Late December and January have been a pretty busy time for Nebius ( NBIS ). We saw the announcement of Nebius AI Cloud 3.1, and now the company has just given us another major signal. Strategically speaking, the offering of Nvidia’s ( NVDA ) Vera Rubin coming later this year is pretty big news, both for Nebius and the broader AI infrastructure market. And that's because it puts the company in the first wave of cloud providers to actually commercialize Nvidia’s next-gen ‘Vera Rubin NVL72’ platform. It's tipped to be coming to the US and Europe sometime in 2H26. Now, Vera Rubin NVL72 itself was unveiled back in CES 2026, and the way I see it, it's currently set up to complement Grace Blackwell systems very nicely. As a quick overview, it's purpose-built for this emerging class of agentic and advanced-reasoning AI models we’re seeing slowly but surely start to spread across the market. These models rely on extremely long token sequences, to say the least, and they also need multi-step inference and hefty mixture-of-experts architectures. So overall, as you can imagine, efficiency per token is becoming the dominant economic constraint here. Now, before we get into the efficient aspect of Rubin Vera, I think it's worth looking into the platform specifics to get an understanding of what these offerings mean for the whole market. I previously covered how important I thought Nebius' AI Cloud 3.1 was, and now I think the complementing of that offering with Rubin is crucial in the company's portfolio development. What to Expect next earnings As you probably know, earnings are just around the corner for Nebius and are set to fall on February 12th , just before market open. So it's a good time to take a look at what's expected in terms of consensus expectations. Now, for Nebius, many are anticipating another quarter of pretty explosive top-line growth. But we should still expect some volatility as the business...
TLDR Qualcomm releases Q1 fiscal 2026 earnings February 4 with Wall Street forecasting EPS of $3.39 and $12.12 billion revenue Stock dropped 0.41% to $151.59 Friday, down 11% over past year from chip shortages and weak smartphone demand Apple’s in-house modem development threatens Qualcomm’s largest revenue source Analysts divided with price targets ranging from $160 to $225, consensus shows 27.5%...
TLDR Qualcomm releases Q1 fiscal 2026 earnings February 4 with Wall Street forecasting EPS of $3.39 and $12.12 billion revenue Stock dropped 0.41% to $151.59 Friday, down 11% over past year from chip shortages and weak smartphone demand Apple’s in-house modem development threatens Qualcomm’s largest revenue source Analysts divided with price targets ranging from $160 to $225, consensus shows 27.5% upside potential Memory shortages and pricing pressure expected to reduce global handset shipments 4% in 2026 Qualcomm shares fell 0.41% to $151.59 Friday as traders positioned ahead of the company’s Q1 fiscal 2026 earnings report dropping after market close February 4. The stock has shed nearly 11% over the past year. QUALCOMM Incorporated, QCOM Wall Street expects earnings per share of $3.39, down slightly from $3.41 last year. Revenue forecasts call for $12.12 billion, up 3.8% year-over-year. The company has topped earnings estimates for eight straight quarters. The earnings call at 1:45 p.m. Pacific time will reveal critical details about premium Android demand and licensing royalties. These factors drive investor sentiment more than raw numbers because they signal future performance trends. Traders want updates on customer inventory and new device chip wins. Weakness in either area could hammer the stock given current market jitters over inflation and Federal Reserve policy. Apple Modem Plans Create Revenue Risk Apple represents Qualcomm’s biggest customer through QCT segment chip sales. The iPhone maker is developing its own modems, which directly threatens this revenue stream. Samsung and Xiaomi contribute smaller amounts to Qualcomm’s top line. Qualcomm is pushing into automotive and IoT markets to reduce Apple dependency. This diversification strategy aims to cushion the blow when Apple’s internal modems eventually replace Qualcomm chips. Wall Street Split on Stock Direction Mizuho Securities analyst Vijay Rakesh maintains a Hold rating but slashed his price targe...
If you’re looking for a versatile gift for Valentine’s Day that can be sentimental and practical, Amazon’s fourth-generation Echo Show 8 can serve as both a digital photo frame and a smart home controller. And right now, it’s on sale at Amazon for $149.99 ($30 off) — a new low price — as part of the retailer’s ongoing Super Bowl sale, which also includes discounts on the Echo Show 11 and Echo Dot ...
If you’re looking for a versatile gift for Valentine’s Day that can be sentimental and practical, Amazon’s fourth-generation Echo Show 8 can serve as both a digital photo frame and a smart home controller. And right now, it’s on sale at Amazon for $149.99 ($30 off) — a new low price — as part of the retailer’s ongoing Super Bowl sale, which also includes discounts on the Echo Show 11 and Echo Dot Max . You can also currently grab it at Best Buy and Target for the same price. Amazon Echo Show 8 (fourth-gen) Where to Buy: $179.99 $149.99 at Amazon $179.99 $149.99 at Best Buy $179.99 $149.99 at Target The latest Show 8 features a slimmer, sleeker profile than its predecessor , with a sharper, more responsive 8.7-inch display and an attractive fabric-covered design. It features a 13-megapixel camera with improved zoom, and can adapt on-screen content based on who’s using it. It also features wider viewing angles and new front-facing stereo speakers, allowing for superior sound. Combined, these upgrades make it better for displaying photos, listening to music, checking your calendar, streaming video, and making calls with loved ones. It’s an even better smart home controller, too. The latest Show 8 still supports Zigbee, Matter, and Thread protocols, so you can use it to control an array of smart home devices without the need for a separate hub. It also features support for Alexa Plus, a faster AZ3 Pro processor, and Amazon’s new Omnisense sensor system. Together, these upgrades — along with more responsive voice recognition — help it handle more complex, context-aware tasks and better track routines. In our initial testing , Alexa Plus hasn’t always been reliable, and some existing smart home routines don’t behave as consistently as before. When the voice assistant works as intended, though, it can be genuinely useful. For example, if someone in your family usually feeds the dog every morning but forgets one day, Amazon’s upgraded assistant can send a reminder when they...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were trading higher to start the new trading month. The S & P 500 was on pace to break a three-session losing streak and make a new record closing high. There was some fear early in the session that the selloff in crypto ...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were trading higher to start the new trading month. The S & P 500 was on pace to break a three-session losing streak and make a new record closing high. There was some fear early in the session that the selloff in crypto over the weekend and precious metals like gold and silver on Friday would spill into the broader stock market. But those volatile moves in those markets were contained. President Donald Trump announced on Monday that the United States and India have agreed to a trade deal that will reduce each country's tariff rate. Trump also said in a Truth Social post that India pledged to buy over $500 billion of U.S. products, including energy, technology, agriculture, and coal, and agreed to stop buying oil from Russia. The industrials were near the top of the leaderboard on Monday for a couple of reasons. One was added certainty in the AI data center spending buildout after Oracle 's plan to raise as much as $50 billion was positively received by investors. Also, doubt in OpenAI's ability to fund its obligations eased over the weekend after Nvidia CEO Jensen Huang pushed back on reports that indicated his plan to invest in OpenAI was in jeopardy. Another reason for the upward move in the industrials was the ISM Manufacturing PMI report, which showed that economic activity in the manufacturing sector expanded in January for the first time in 12 months. The index rose to 52.6 from 47.9, marking its highest level since 2022. The index for new orders, production, employment, and prices also increased from December. Susan Spence, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee, chalked up some of January's strength to it being a "reorder month after the holidays," but we're still taking it as a win. The manufacturing rebound aligns with what we h...
This article first appeared on GuruFocus. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) shares traded at $335.34, down 1% in pre-market trading, despite news that its autonomous driving subsidiary, Waymo, is raising approximately $16 billion. The financing round, which is expected to close in early 2026, values the company at nearly $110 billion. This represents a 144.4% increase from its $45 billion...
This article first appeared on GuruFocus. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) shares traded at $335.34, down 1% in pre-market trading, despite news that its autonomous driving subsidiary, Waymo, is raising approximately $16 billion. The financing round, which is expected to close in early 2026, values the company at nearly $110 billion. This represents a 144.4% increase from its $45 billion valuation established 15 months ago in October 2024. Alphabet is expected to provide the bulk of the capital, contributing roughly $13 billion, while outside firms including Sequoia Capital and Mubadala Capital fill the remainder. Waymo operates fully driverless robotaxi services in cities including Phoenix, San Francisco, and Los Angeles, and recently expanded service to Miami. The capital injection comes as Waymo scales its operations, currently generating an estimated $350 million in annual recurring revenue. The company has completed over 20 million autonomous trips. However, the move follows a recent safety investigation by federal regulators after a vehicle struck a child in California. The development highlights intensifying competition in autonomous vehicles. Tesla (NASDAQ:TSLA) shares shed 2%, raising concern over the company's current valuation.
Dollar General and Aldi logos. Reuters Store openings in the U.S. are expected to rise and store closures fall this year compared to the 2025, with value retailers leading the growth as they continue to attract more of consumers' dollars, according to an analysis by Coresight Research. Overall, Coresight projects that U.S. retailers will close about 7,900 stores in 2026, a 4.5% drop year over year...
Dollar General and Aldi logos. Reuters Store openings in the U.S. are expected to rise and store closures fall this year compared to the 2025, with value retailers leading the growth as they continue to attract more of consumers' dollars, according to an analysis by Coresight Research. Overall, Coresight projects that U.S. retailers will close about 7,900 stores in 2026, a 4.5% drop year over year. That would represent the lowest number of total store closures in the past three years. The advisory group also expects retailers will open about 5,500 new stores, a 4.4% increase year over year. So far, Dollar General , Aldi and Tractor Supply top the list for retailers with the most planned store openings this year, according to Coresight. On the other hand, GameStop , Francesca's and Walgreens lead the way with the most planned closures in 2026. John Mercer, head of global research of Coresight, said he expects some closely watched economic factors, such as high inflation and the slow housing market, to gradually ease in the coming year. He said retailers' real estate plans also reflect "an incremental improvement over 2025 but not a major inflection point." Some themes for the retail industry persist and show in the data. Department stores and legacy retailers are slimming down their store counts. Value players including discounters, warehouse clubs and off-price chains are bulking up their national footprint. Successful and reinvented mall retailers, such as Abercrombie & Fitch and Gap , are squeezing out smaller specialty apparel retailers. In the first few weeks of the year, there have already been some major store closure announcements. Video game retailer GameStop plans to shutter hundreds of locations, following a significant wave of previous closures. Women's fashion chain Francesca's, which sells clothing and accessories, is closing its nearly 460 stores as the company liquidates its business after a bankruptcy filing. And Amazon said it will shutter all Amazo...
Crystal Palace have completed the signing of Jorgen Strand Larsen from Wolves in a club-record deal worth up to £48m. Strand Larsen, 25, has signed a four-and-a-half-year deal at Selhurst Park and will wear the number 22 shirt. The FA Cup holders have also agreed a deal to sign Dwight McNeil on loan from Everton. Palace have submitted a deal sheet to the Premier League to try to complete the trans...
Crystal Palace have completed the signing of Jorgen Strand Larsen from Wolves in a club-record deal worth up to £48m. Strand Larsen, 25, has signed a four-and-a-half-year deal at Selhurst Park and will wear the number 22 shirt. The FA Cup holders have also agreed a deal to sign Dwight McNeil on loan from Everton. Palace have submitted a deal sheet to the Premier League to try to complete the transfer - which would included an obligation to sign the forward for £20m at the end of the season. Meanwhile, Jean-Philippe Mateta's move to AC Milan has been called off because of issues with his medical.
maxsattana/iStock via Getty Images Twist Company / Earnings Overview Twist Bioscience Corporation ( TWST ) announced its Q1 2026 earnings earlier today - but before we look at results, let's remind ourselves of its core business, as per Twist's 2025 annual report/ 10K filing : We have developed a disruptive DNA synthesis platform to industrialize the engineering of biology. The core of our platfor...
maxsattana/iStock via Getty Images Twist Company / Earnings Overview Twist Bioscience Corporation ( TWST ) announced its Q1 2026 earnings earlier today - but before we look at results, let's remind ourselves of its core business, as per Twist's 2025 annual report/ 10K filing : We have developed a disruptive DNA synthesis platform to industrialize the engineering of biology. The core of our platform is a proprietary technology that pioneers a new method of manufacturing synthetic DNA by “writing” DNA on a silicon chip. We have combined our silicon-based DNA writing technology with proprietary software, scalable commercial infrastructure and an e-commerce platform to create an integrated technology platform that enables us to achieve high levels of quality, precision, automation, and manufacturing throughput at a significantly lower cost and quicker than our competitors. Building from this platform, we deliver products and services for a wide range of uses and markets. Twist says (in its Q2 earnings presentation ) its serviceable addressable market ("SAM") is >$12bn for next-generation sequencing ("NGS"), DNA synthesis, and protein solutions. The company drove revenues of $103.7m in Q1 2026, up ~17% year-on-year, broken down as follows (source: earnings press release ): DNA Synthesis and Protein Solutions revenue grew 27% to $51.1 million for the first quarter of fiscal 2026 compared to $40.1 million for the same period of fiscal 2025. NGS Applications revenue grew 8% to $52.6 million for the first quarter of fiscal 2026 compared to $48.6 million for the same period of fiscal 2025. Excluding one large customer transitioning an assay from research to commercial, NGS Applications grew 18% Twist added that it shipped products to >2,500 customers in Q1, >150 more than in the prior year, that it physically shipped 271k genes, and provided guidance for full-year 2026 as follows: Total revenue in the range of $435 million to $440 million, growth of 16% at the midpoint, compa...
Pitney Bowes delivers technology-driven shipping and mailing solutions to businesses and government clients worldwide. On February 2, Capital Management Corp disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it increased its position in Pitney Bowes (PBI +2.11%) by 592,568 shares during the fourth quarter, an estimated $6.15 million trade based on quarterly average pricing. ...
Pitney Bowes delivers technology-driven shipping and mailing solutions to businesses and government clients worldwide. On February 2, Capital Management Corp disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it increased its position in Pitney Bowes (PBI +2.11%) by 592,568 shares during the fourth quarter, an estimated $6.15 million trade based on quarterly average pricing. What happened According to a SEC filing dated February 2, Capital Management Corp bought an additional 592,568 shares of Pitney Bowes during the fourth quarter. The estimated value of the trade, calculated using the average closing price for the quarter, was $6.15 million. The stake’s quarter-end value increased by $4.30 million, a figure that includes both share additions and price appreciation. What else to know Pitney Bowes now accounts for 5.08% of the fund’s 13F assets under management. Top holdings after the filing: NASDAQ:IDCC: $37.12 million (6.1% of AUM) NYSE:PBI: $30.97 million (5.1% of AUM) NYSE:GTN: $29.76 million (4.9% of AUM) NASDAQ:NXST: $25.92 million (4.2% of AUM) NYSE:AEM: $22.72 million (3.7% of AUM) As of February 2, PBI shares were priced at $10.43, up 21.4% over the past year and outperforming the S&P 500 by 7.13 percentage points. Company overview Metric Value Revenue (TTM) $1.93 billion Net Income (TTM) $75.30 million Dividend Yield 3.5% Price (as of 2/2/26) $10.43 Company snapshot Pitney Bowes offers technology, logistics, and financial services, including parcel delivery, mail sortation, and digital mailing solutions across three business segments: Global Ecommerce, Presort Services, and SendTech Solutions. The company generates revenue primarily through shipping and mailing services, technology sales, and related financial solutions for businesses and government clients. It serves a diverse client base of small and medium-sized businesses, large enterprises, retailers, and government agencies in the United States, Canada, and internationally. Pitn...
This article first appeared on GuruFocus. Apple Inc. (AAPL, Financials) received a major policy boost in India after the government approved a tax exemption allowing foreign companies to supply manufacturing equipment to local contract partners without creating a taxable business connection. The new rule, part of India's 2026 27 federal budget, applies through the 203031 tax year to companies oper...
This article first appeared on GuruFocus. Apple Inc. (AAPL, Financials) received a major policy boost in India after the government approved a tax exemption allowing foreign companies to supply manufacturing equipment to local contract partners without creating a taxable business connection. The new rule, part of India's 2026 27 federal budget, applies through the 203031 tax year to companies operating within customs bonded areas designated export zones considered outside India's domestic customs border. The change means Apple can fund high-end iPhone production machinery for its partners such as Foxconn Technology and Tata without incurring local income tax exposure. Apple had lobbied New Delhi for months to revise the tax framework, arguing that ownership of imported machinery could otherwise be interpreted as taxable business activity. Analysts say the move could accelerate Apple's expansion of iPhone manufacturing in India and ease capital costs for its suppliers. India's finance ministry said the exemption gives certainty to global firms investing in the country's export manufacturing sector.
March NY world sugar #11 (SBH26) today is down -0.02 (-0.14%), and March London ICE white sugar #5 (SWH26) is down -1.60 (-0.39%). Sugar prices extended their week-long plunge today, with NY sugar falling to a 2.5-month low and London sugar dropping to a 5-year low. The outlook for global sugar surpluses and higher global sugar production is hammering prices. Last Thursday, Green Pool Commodity Sp...
March NY world sugar #11 (SBH26) today is down -0.02 (-0.14%), and March London ICE white sugar #5 (SWH26) is down -1.60 (-0.39%). Sugar prices extended their week-long plunge today, with NY sugar falling to a 2.5-month low and London sugar dropping to a 5-year low. The outlook for global sugar surpluses and higher global sugar production is hammering prices. Last Thursday, Green Pool Commodity Specialists said that they expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27. Also, StoneX said last Friday it expects a global sugar surplus of 2.9 MMT in 2025/26. Don’t Miss a Day: On January 21, Unica reported that Brazil's cumulative 2025-26 Center-South sugar output through December rose by +0.9% y/y to 40.222 MMT. Also, the ratio of cane crushed for sugar rose to 50.82% in 2025/36 from 48.16% in 2024/25. The India Sugar Mill Association (ISMA) reported January 19 that India's 2025-26 sugar output from Oct 1-Jan 15 is up +22% y/y to 15.9 MMT. The ISMA on November 11 raised its 2025/26 India sugar production estimate to 31 MMT from an earlier forecast of 30 MMT, up +18.8% y/y. The ISMA also cut its estimate for sugar used for ethanol production in India to 3.4 MMT from a July forecast of 5 MMT, which may allow India to boost its sugar exports. India is the world's second-largest sugar producer. Sugar prices have been weighed down amid prospects of higher sugar exports from India, after India's food secretary said the government may permit additional sugar exports to reduce a domestic supply glut. In November, India's food ministry said it would allow mills to export 1.5 MMT of sugar in the 2025/26 season. India introduced a quota system for sugar exports in 2022/23 after late rain reduced production and limited domestic supplies. The outlook for a global sugar surplus is bearish for prices. Covrig Analytics on December 12 raised its 2025/26 global sugar surplus estimate to 4.7 MMT from 4.1 MMT in October. However, Covrig projects that...
Jonathan Kitchen Investors looking to rotate out of precious metals and cryptocurrency may soon pour money into memory and disk drive stocks, according to Jordan Klein, tech sector specialist at Mizuho. In an interview with CNBC, Klein explained that “hot money” is searching for a new narrative as memory stocks continue making new highs on strong fundamentals. He expects this momentum to continue,...
Jonathan Kitchen Investors looking to rotate out of precious metals and cryptocurrency may soon pour money into memory and disk drive stocks, according to Jordan Klein, tech sector specialist at Mizuho. In an interview with CNBC, Klein explained that “hot money” is searching for a new narrative as memory stocks continue making new highs on strong fundamentals. He expects this momentum to continue, noting that fundamentals in the sector are expected to remain solid throughout the rest of the year. Klein observed that money is “bouncing around this market and looking for a new narrative and what other stocks or sectors seem to be making new highs.” However, he acknowledged concerns from traditional active managers who worry about “tourist money” chasing performance without understanding the underlying investments. “They don’t even know what they own. They’re just chasing a stock chart. They’re the first people to sell if this momentum breaks,” Klein said. The recent SanDisk ( SNDK ) earnings call proved to be a game changer for the sector, Klein explained. A company that was earning roughly $3 to $5 per year is now “projected to earn over $60 a year,” with potential upside to $60 to $80 annually. At current trading levels, Klein views the valuation as reasonable given the dramatic earnings growth trajectory and lack of new capacity coming online. Despite the bullish outlook, Klein warned of risks associated with parabolic moves in the sector. Drawing parallels to the recent precious metals selloff , where silver ( XAGUSD:CUR ) dropped 31% in a single day, he cautioned that momentum-driven investors could trigger similar volatility in tech stocks. Rather than concentrating holdings in popular names like Nvidia ( NVDA ) or Broadcom ( AVGO ), Klein recommends diversifying across the tech sector. “You got to own a little bit of memory. You got to own a little bit of the equip companies like Lam ( LRCX ) or Applied Materials ( AMAT ). And I definitely think you want to own...
Key Points It's the only U.S. company with NRC approval for a small modular reactor (SMR) design. While it has great ambitions, the company hasn't deployed its small reactor commercially. For this stock to generate life-changing wealth, it will need to prove it can scale its technology. 10 stocks we like better than NuScale Power › NuScale Power (NYSE: SMR) is trying to change how we generate nucl...
Key Points It's the only U.S. company with NRC approval for a small modular reactor (SMR) design. While it has great ambitions, the company hasn't deployed its small reactor commercially. For this stock to generate life-changing wealth, it will need to prove it can scale its technology. 10 stocks we like better than NuScale Power › NuScale Power (NYSE: SMR) is trying to change how we generate nuclear energy. In simplest terms, it's building small nuclear reactors -- essentially mini power plants -- that can be mass-produced in factories and delivered to remote sites. These reactors are designed to be scalable (you can use one or 12, depending on your power needs). Their flexibility makes them ideal for facilities that need large amounts of reliable power, like data centers. If NuScale can succeed, it could usher in an era in which nuclear reactors are more widely used, perhaps even powering entire cities safely with no greenhouse gases. That scenario would make its current market cap -- about $6 billion -- seem cheap in comparison. It could also generate a life-changing amount of wealth for early investors. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Of course, that's not the world NuScale finds itself in today. Not even close. And the gap between its current reality and ideal future helps explain why the stock is still trading more than 60% below its 52-week high. All things considered, can NuScale grow into that future? Let's take a look. A compelling idea, with plenty of obstacles ahead NuScale's future rests on three things. It needs to convert interest in its technology into orders, it needs to deliver its first project, and it needs to prove that its power can compete with other energy solutions. The first is a troubling hole in its business. NuScale remains the only U.S. company with an NRC approval for a small modular reactor (SMR) de...
Deagreez/iStock via Getty Images Back at the beginning of December 2025, I wrote about how Bitcoin USD ( BTC-USD ) likely peaked and was already in the crypto winter or bear market phase of this price cycle, with more significant declines on the way. Crypto winters tend to last for about one year from the peak price in each 4-year price cycle. So, I'm expecting Bitcoin's price to bottom approximat...
Deagreez/iStock via Getty Images Back at the beginning of December 2025, I wrote about how Bitcoin USD ( BTC-USD ) likely peaked and was already in the crypto winter or bear market phase of this price cycle, with more significant declines on the way. Crypto winters tend to last for about one year from the peak price in each 4-year price cycle. So, I'm expecting Bitcoin's price to bottom approximately in September 2026 (about one year after the October 2025 peak price). As a result, I'm expecting further declines in the price of the iShares Bitcoin Trust ETF ( IBIT ) in 2026, which tracks the price of Bitcoin. Bitcoin's price consolidated between $80k and $100k from the second half of November through January 2026. Bitcoin just closed the month of January below $80k, which confirms that the crypto winter is continuing. Back in December 2025, after the first initial sharp price decline, many investors were saying that Bitcoin was in an extended bull cycle. The thesis behind that idea was that institutional buying would offset retail selling and change the dynamics of the previous 4-year price cycles. Some investors were saying something similar back in 2021 that more widespread adoption of Bitcoin would extend or change the standard 4-year price cycle. However, I didn't buy that theory. The reason for that was that the technicals were showing a bearish divergence on Bitcoin's monthly chart. This occurred in the current price cycle, and it also occurred back in 2021. Plus, the price cycles have been relatively consistent, lasting about 1,050 days from the price bottom to the price peak. So, I theorized that this price cycle would act similarly. The peak price in October 2025 was about 1,050 days from the price bottom in 2022. Bitcoin's Monthly Price Chart Bitcoin (BTC-USD) Monthly Price Chart w/ RSI & MACD (TradingView) The bearish divergence for the current price cycle occurred from the peak price in January 2025 through the peak price in October 2025. The price made ...