Korrawin/iStock via Getty Images If you woke up Friday morning long precious metals, you experienced something that will stay with you for the rest of your trading career. Gold and silver suffered the biggest sell-off in years, in a whipsawing reversal of a scorching rally that’s lifted prices to all-time highs. Gold dropped as much as 10% to crash through $5,000 an ounce, while silver slumped -30...
Korrawin/iStock via Getty Images If you woke up Friday morning long precious metals, you experienced something that will stay with you for the rest of your trading career. Gold and silver suffered the biggest sell-off in years, in a whipsawing reversal of a scorching rally that’s lifted prices to all-time highs. Gold dropped as much as 10% to crash through $5,000 an ounce, while silver slumped -30% below $80 as the sell-off swept through the broader metals markets. To put this in perspective for equity investors, silver’s -30% single-day plunge rivals Black Monday 1987 , the worst day in S&P 500 history. The worst single day during the COVID crash was 12%. Silver more than doubled that on Friday. Think of it this way – today’s range of $766 is about the range gold had for 18 years, from 1991 to 2009! At approximately 12:30pm Friday in Chicago, Gold was off by more than -11%, Silver -33%, Platinum -24%, Copper -7%, and Palladium -20%! These aren’t normal moves. Over roughly the past 25+ years (through 2025), gold’s price has changed by about 0.8% per day on average (in absolute percentage terms). Silver, being more volatile, has averaged around 1.4–1.5% per day. If you’re scoring at home, that’s about a 13 Sigma move for Gold and 22 Sigma move for Silver! You’re witnessing something that shouldn’t happen more than once in several lifetimes…statistically speaking. Yet here we are. The Cure for High Prices Is High Prices There’s an old commodity trading adage that everyone learns eventually, usually the hard way. The old line is that the cure for high prices is high prices. When prices rise, businesses tend to respond by producing more. If the price of something gets too high, then people buy less, which then leads to too much supply, which lowers prices. Rinse and repeat. This dynamic is particularly acute for silver because it’s much more than just a precious metal industrial demand represents about 59% of consumption, much of which goes to the solar and electric-veh...
Kathrin Ziegler/DigitalVision via Getty Images Investment summary My recommendation for United Airlines ( UAL ) is a buy rating. I think the business has moved into a different phase of its cycle, one that should see a structurally better revenue mix, better earnings quality, and strong FCF generation. Even with conservative assumptions, I see a path for UAL’s shares to be worth ~$160 by FY2027. B...
Kathrin Ziegler/DigitalVision via Getty Images Investment summary My recommendation for United Airlines ( UAL ) is a buy rating. I think the business has moved into a different phase of its cycle, one that should see a structurally better revenue mix, better earnings quality, and strong FCF generation. Even with conservative assumptions, I see a path for UAL’s shares to be worth ~$160 by FY2027. Business Overview UAL is one of the largest airlines operating in the United States. It has two business models. The first is the core aviation operation, serving both price-sensitive leisure travelers and higher-yield corporate demand. The second is MileagePlus. This is the high-margin and cash-generative financial business that is tied to credit card spending. 4Q25 results update UAL’s Q4 2025 results were great with $15.4 billion in revenue, a 4.8% y/y growth. For the entire year of 2025, UAL flew a record 189 million passengers , and this was not driven by discounting but rather by higher-yield demand. Premium products like Polaris and Premium Plus continue to grow faster than standard economy, and I think that is a key reason why UAL was able to sustain its profit margins (adj. pre-tax margin saw 8.6%, and net income saw ~$1 billion) despite the ~$250 million pre-tax earnings hit tied to the US government shutdown late in 2025. The forward guidance also instills confidence in the growth momentum, as management guided to a 2026 EPS of $12 to $14, implying ~22% adj. EPS growth on a y/y basis at the midpoint. FCF to inflect higher The key anchor to my bull case for UAL is the cash generation story. In FY2025, UAL generated $2.7 billion in FCF, and I expect UAL to generate even more FCF in the coming years. For context, one of the biggest problems for airlines is that they need to burn a lot of cash when they renew their fleets (this is inevitable as operators need to keep up with safety requirements and also meet consumers’ expectations). Rather than delaying this inevitab...
According to the latest movement, AI could be more disruptive than we thought. Not long after the AI boom kicked off, talk of a bubble ensued. It makes sense. The similarities to the dot-com era are too hard to ignore. Stocks are soaring on the back of another revolutionary technology, and tens of billions are being invested in new infrastructure, though it's unclear if profits will emerge in time...
According to the latest movement, AI could be more disruptive than we thought. Not long after the AI boom kicked off, talk of a bubble ensued. It makes sense. The similarities to the dot-com era are too hard to ignore. Stocks are soaring on the back of another revolutionary technology, and tens of billions are being invested in new infrastructure, though it's unclear if profits will emerge in time to pay for it. The core tenet of the bubble narrative is that valuations and capital expenditures are getting ahead of where real-world adoption of AI is, and if that gap gets too wide, valuations will crash. Microsoft CEO Satya Nadella acknowledged as much at the World Economic Forum in January, saying that AI adoption needed to expand beyond the tech sector. However, there's been a twist in the AI bubble narrative this year. Software stocks have plunged to start the year, with ETFs that track the sector like iShares Expanded Tech-Software Sector ETF (IGV 2.12%) down 16% to start the year. Sector leaders like Microsoft, ServiceNow, and SAP all fell double-digits last Thursday after reporting earnings, even though their results showed solid growth. The culprit in the software bloodbath instead appears to be AI, as investors are beginning to fear that AI could disrupt enterprise software by allowing customers to build equivalent tools in-house. Similarly, it could also enable AI start-ups to compete with entrenched leaders like Salesforce and ServiceNow. The cognitive dissonance of the AI bubble AI stocks pulled back late last year on concerns about a bubble. The murmurs were loud enough that Nvidia (NVDA 0.72%) CEO Jensen Huang pushed back on them unprompted on Nvidia's November earnings call, saying he sees the opposite happening. Now, the software sell-off seems to imply that AI is so powerful or potentially powerful that it could upend a sector worth trillions of dollars. But both of those bubble narratives can't be true. AI can't be so poorly monetized that companies l...
Japanese Prime Minister Sanae Takaichi sought to clarify her comments about the weak yen, emphasizing that she only intended to argue for a need to create an economy that can withstand currency fluctuations. “I did not say that a strong yen is good or that a weak yen is bad,” the prime minister said on Sunday in a post on X. “I said that I want to build a strong economic structure that is resilien...
Japanese Prime Minister Sanae Takaichi sought to clarify her comments about the weak yen, emphasizing that she only intended to argue for a need to create an economy that can withstand currency fluctuations. “I did not say that a strong yen is good or that a weak yen is bad,” the prime minister said on Sunday in a post on X. “I said that I want to build a strong economic structure that is resilient to exchange-rate fluctuations.” Takaichi sought to clarify her remarks from Saturday, when she spoke at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa prefecture. “People say the weak yen is bad right now, but for export industries, it’s a huge opportunity,” Takaichi said at the time, adding that a lower-valued currency also provided a buffer for the automobile industry in the face of US tariffs, helping “enormously.” Takaichi dissolved the lower chamber of parliament last month to call the snap election for Feb. 8 in an attempt to boost the razor-thin majority held by ruling coalition. Read More: Japan’s Leader Has Few Good Options on Yen Before Election The government is monitoring trends in the financial market, Takaichi said in her post on X, adding that she has refrained from making specific comments on such matters. “That said, a rapid yen appreciation in the past led to hollowing out of the domestic industry, which became a serious issue,” she said in the post. Takaichi explained that while the weak yen can lead to higher import prices, impacting people’s lives and businesses, it can also boost domestic investments, exports and overseas income. Takaichi said at the rally on Saturday that the nation’s Foreign Exchange Fund Special Account — established by the government for use in cases including currency intervention — has also benefited from the weak yen. The account balance was at about 187 trillion yen ($1.2 trillion) as of last March, according to the Ministry of Finance.
Art logistics and storage companies are expanding in Hong Kong with an eye on the Greater Bay Area market, following the government’s pledge to make the city a world leader in the art trading sector. Crozier’s storage space across three locations in the city increased from about 60,000 square feet (5,600 square metres) to 95,000 square feet last year, Ken Ng, general manager of the American compan...
Art logistics and storage companies are expanding in Hong Kong with an eye on the Greater Bay Area market, following the government’s pledge to make the city a world leader in the art trading sector. Crozier’s storage space across three locations in the city increased from about 60,000 square feet (5,600 square metres) to 95,000 square feet last year, Ken Ng, general manager of the American company’s Hong Kong arm, told the South China Morning Post. “It’s a 50 per cent growth in size, which reflects Crozier’s confidence in the Hong Kong art market,” he said, highlighting the company’s new Tsing Yi space which opened towards the end of last year and cost tens of thousands of Hong Kong dollars to renovate. Advertisement While the market had seen fluctuations over the past year or so, the firm still considered it a good time for expansion because of the relatively affordable rent and the city’s proximity to the bay area, a market with significant growth potential, he said. The facility in Tsing Yi uses a round-the-clock, fully automated, museum-standard climate control system that integrates temperature and humidity control. Advertisement According to Ng, the system cost four times that of a standard air-conditioning system and was one of the things that the company had invested in to meet international standards, besides other upgrades in fire safety and heat insulation.
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Oracle (NYSE:ORCL) has launched a Life Sciences AI Data Platform using generative AI to support drug development and clinical research. The company also reported new enterprise wins, including IHG Hotels & Resorts for OPERA Cloud across multiple regions. Alraj...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Oracle (NYSE:ORCL) has launched a Life Sciences AI Data Platform using generative AI to support drug development and clinical research. The company also reported new enterprise wins, including IHG Hotels & Resorts for OPERA Cloud across multiple regions. Alrajhi Medicine and Voisin Consulting Life Sciences selected Oracle cloud and AI offerings for their regulated operations. For investors watching NYSE:ORCL, this mix of product news and customer wins sits at the intersection of healthcare, hospitality, and regulated services. The Life Sciences AI Data Platform is aimed at pharmaceutical and medical research organizations that handle complex data and strict compliance requirements, while OPERA Cloud continues to anchor Oracle's presence in global hotel operations. These updates come as large organizations look for ways to centralize data, apply generative AI to workloads, and run critical systems in the cloud. For you as an investor, key questions include how broadly these offerings are adopted over time and how sticky these customer relationships become across different regions and industries. Stay updated on the most important news stories for Oracle by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Oracle. NYSE:ORCL Earnings & Revenue Growth as at Feb 2026 How Oracle stacks up against its biggest competitors For you as an investor, this news points to Oracle trying to turn its heavy AI and cloud spending into concrete use cases in tightly regulated sectors. The Life Sciences AI Data Platform ties Oracle’s health data, cloud infrastructure and applications into one offering for pharma and medical-device clients, while wins with IHG Hotels & Resorts and Alrajhi Medicine suggest that same full-stack approach is resonating in both hospitality and healthcare. How this...
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Waymo, Alphabet's self driving unit, is reportedly close to securing a $16b funding round that would value the business at about $110b. The funding talks follow a robotaxi incident involving a child, which has drawn federal safety scrutiny and renewed regulatory attention. Separa...
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Waymo, Alphabet's self driving unit, is reportedly close to securing a $16b funding round that would value the business at about $110b. The funding talks follow a robotaxi incident involving a child, which has drawn federal safety scrutiny and renewed regulatory attention. Separately, Google has launched Project Genie, an AI model that can generate interactive 3D worlds and experiences, drawing interest from the gaming and digital content industries. Alphabet (NasdaqGS:GOOGL) sits at the center of these developments, with its share price recently at $338.0. The stock has returned 3.1% over the past week and 7.3% over both the past month and year to date, alongside a very large 1-year gain of 66.3%. Over a 3-year period, the return is around 3x, and over 5 years it is also a little more than 3x, highlighting how much investor attention the company has drawn. For you as an investor, these stories matter because they touch both risk and opportunity for Alphabet in areas beyond its core ad business. Waymo's funding and regulatory spotlight and Project Genie's potential impact on game and experience creation could each influence how markets think about the breadth and complexity of Alphabet's business profile. Stay updated on the most important news stories for Alphabet by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Alphabet. NasdaqGS:GOOGL 1-Year Stock Price Chart Why Alphabet could be great value Quick Assessment ⚖️ Price vs Analyst Target : At US$338, Alphabet trades about 1.9% below the US$344.47 analyst target, which is well within the 10% band. ⚖️ Simply Wall St Valuation : Simply Wall St flags Alphabet as trading close to its estimated fair value. ✅ Recent Momentum: The stock has gained about 7.3% over the past 30 days. Check out Simply Wall St's in depth valuation analysis for Al...
In recent months, Niagen Bioscience, Inc. has attracted fresh investor attention as its TRU NIAGEN healthy-aging supplement extends distribution through direct e-commerce channels and major online platforms like Amazon. This momentum highlights how growing interest in science-backed anti-aging products, supported by bullish analyst coverage, is becoming central to Niagen Bioscience’s broader growt...
In recent months, Niagen Bioscience, Inc. has attracted fresh investor attention as its TRU NIAGEN healthy-aging supplement extends distribution through direct e-commerce channels and major online platforms like Amazon. This momentum highlights how growing interest in science-backed anti-aging products, supported by bullish analyst coverage, is becoming central to Niagen Bioscience’s broader growth narrative. We will now examine how Niagen Bioscience’s expanding TRU NIAGEN distribution, particularly via Amazon, may shape the company’s longer-term investment narrative. These 14 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. What Is Niagen Bioscience's Investment Narrative? For Niagen Bioscience, the big-picture belief is that TRU NIAGEN can anchor a durable, science-led healthy-aging franchise while the company converts early profitability into something more dependable. The recent push into Amazon and other e-commerce channels fits neatly into that story by potentially accelerating brand visibility and recurring supplement sales, which had already been supported by rising net sales guidance and improving margins before this update. In the near term, key catalysts still revolve around continued execution in direct-to-consumer channels, uptake of new offerings like Tru Niagen Beauty, and any follow-on data or partnerships from its clinical and regulatory work around NR. At the same time, the stock’s mixed recent price performance and reliance on a single core ingredient keep concentration, competition and execution risk very much in focus. However, there is a key concentration risk in the current product and channel mix that investors should note. Despite retreating, Niagen Bioscience's shares might still be trading above their fair value and there could be some more downside. Discover how much. Exploring Other Perspectives NAGE 1-Year Stock Price Chart...
倫敦蒙面匪光天化日搶掠珠寶店 警拘33歲疑犯、追緝多人 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】英國倫敦日前有匪徒在光天化日下打破櫉窗搶掠。 兩個蒙面匪徒去到西倫敦一間鐘錶珠寶店外，其中一人拿著鐵錘不停敲打...
倫敦蒙面匪光天化日搶掠珠寶店 警拘33歲疑犯、追緝多人 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】英國倫敦日前有匪徒在光天化日下打破櫉窗搶掠。 兩個蒙面匪徒去到西倫敦一間鐘錶珠寶店外，其中一人拿著鐵錘不停敲打櫉窗，另一人拿著一個袋，拉開櫉窗玻璃後掠去貴重金飾等陳列品。有店員拿著陳列盤反抗，嘗試阻止匪徒但不成功，其後盡量把金飾等收入店內。警方拘捕一名33歲疑犯並追緝多名在逃人士。
Five Insights Into The Trilateral Russian-Ukrainian-US Talks Authored by Andrew Korybko, Russia’s agreement to this format represents a significant policy shift. Kremlin spokesman Dmitry Peskov confirmed that the second round of the trilateral Russian-Ukrainian-US talks in Abu Dhabi will be held on 1 February. There haven’t been many leaks from the first round so observers can only speculate about...
Five Insights Into The Trilateral Russian-Ukrainian-US Talks Authored by Andrew Korybko, Russia’s agreement to this format represents a significant policy shift. Kremlin spokesman Dmitry Peskov confirmed that the second round of the trilateral Russian-Ukrainian-US talks in Abu Dhabi will be held on 1 February. There haven’t been many leaks from the first round so observers can only speculate about the subject and significance of this new format. Nevertheless, it’s still possible to intuit some insight into this based on what’s known and has been reported, thus enabling folks to obtain a better understanding of this latest development. What follows are five important points: 1. Territory Is Reportedly The Last Remaining Issue Putin’s top aide Yuri Ushakov said on the eve of the first round of talks that “bringing about a lasting settlement would be unlikely without addressing the territorial issue based on the formula as agreed in Anchorage.” This was followed by US Secretary of State Marco Rubio telling the Senate Foreign Relations Committee last week that “The one remaining item … is the territorial claim on Donetsk.” Prior reports about Russia demanding Ukraine’s withdrawal from Donbass might therefore be true. 2. A Post-Conflict NATO Deployment Is Being Discussed Rubo also told them that discussions over “security guarantees basically involve the deployment of a handful of European troops, primarily French and the UK, and then a US backstop”, which would require Russia’s consent. The US is still debating the wisdom of “be[coming] committed potentially in a conflict, in a future conflict”, however, despite Steve Witkoff and Jared Kushner earlier signaling their country’s support for NATO troops in Ukraine. The second round will therefore likely involve this issue too. 3. A Quid Pro Quo Might Be In The Cards The Financial Times reported that US security guarantees for Ukraine are dependent on its withdrawal from Donbass, while the New York Times reported that this ...