Key Points Both Upstart and Affirm stocks are trading down about 36% year to date. They are both available at lower valuations right now. One stock stands out as a better option, with a very recent catalyst. 10 stocks we like better than Upstart › It has been a brutal past few months for fintech stocks, as some leaders in this space have been in free fall. Specifically, two of the most prominent a...
Key Points Both Upstart and Affirm stocks are trading down about 36% year to date. They are both available at lower valuations right now. One stock stands out as a better option, with a very recent catalyst. 10 stocks we like better than Upstart › It has been a brutal past few months for fintech stocks, as some leaders in this space have been in free fall. Specifically, two of the most prominent and well-known fintechs -- Upstart Holdings (NASDAQ: UPST) and Affirm Holdings (NASDAQ: AFRM) -- have seen their stock prices fall roughly 36% year to date. The drops are not really based on business growth -- or lack thereof. In fact, in the most recent quarter, Upstart, which uses artificial intelligence (AI) to process loan requests, grew loan originations by 86%, increased revenue by 64%, and was profitable for the third straight quarter with $18.6 million in net income. Affirm, a buy now, pay later (BNPL) specialist, saw gross merchandise volume increase 36%, revenue spike 30%, and net income rise 61%, year over year. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The issues for both of these stocks are more related to their high valuations, since both are trading at around 58 times earnings. And that's down from December price-to-earnings (P/E) ratios of 168 for Upstart and 107 for Affirm. And both are facing concerns about credit quality. With the economy sputtering and the uncertainty of geopolitical tensions, investors are concerned that rising defaults and weakening credit conditions will get worse in 2026. Both fintechs rely on lending to generate revenue, so a drop in loans or a rise in defaults will hurt their bottom lines. Then again, the dips for both stocks are worth paying attention to because they may provide a buying opportunity. Which of these two fintechs is the better long-term optio...
Power Corporation of Canada press release ( PWCDF ): Q4 Non-GAAP EPS of C$1.36. More on Power Corporation of Canada Historical earnings data for Power Corporation of Canada Dividend scorecard for Power Corporation of Canada Financial information for Power Corporation of Canada
Power Corporation of Canada press release ( PWCDF ): Q4 Non-GAAP EPS of C$1.36. More on Power Corporation of Canada Historical earnings data for Power Corporation of Canada Dividend scorecard for Power Corporation of Canada Financial information for Power Corporation of Canada
SoFi Technologies (NASDAQ:SOFI) , a digital banking and lending platform, closed Wednesday at $17.18, down 1.09%. The stock moved as investors weighed SoFi’s rebuttal to Muddy Waters’ short report and CEO Anthony Noto’s $500,000 insider share purchase, while monitoring ongoing regulatory and accounting scrutiny. Trading volume reached 80.7 million shares, coming in about 36% above its three-month ...
SoFi Technologies (NASDAQ:SOFI) , a digital banking and lending platform, closed Wednesday at $17.18, down 1.09%. The stock moved as investors weighed SoFi’s rebuttal to Muddy Waters’ short report and CEO Anthony Noto’s $500,000 insider share purchase, while monitoring ongoing regulatory and accounting scrutiny. Trading volume reached 80.7 million shares, coming in about 36% above its three-month average of 59.5 million shares. SoFi Technologies IPO'd in 2021 and has grown 41% since going public. The S&P 500 fell 1.37% to 6,624, while the Nasdaq Composite lost 1.46% to finish at 22,152. Within financial technology and online banking , LendingClub closed at $13.31, down 5.70%, and Upstart ended at $25.83, sliding 7.19%, underscoring broader weakness across fintech lenders. One day after being the subject of a short-report from short-selling investment firm Muddy Waters, SoFi fired back, stating, “The claims made in the Muddy Waters report demonstrate a fundamental lack of understanding of our financial statements and business. We intend to explore potential legal action against Muddy Waters for the factually inaccurate and misleading report.” Muddy Waters responded, saying they’ve been sued before and remain “undefeated.” Continue reading
The Good Brigade dLocal ( DLO ) stock rose 6.0% in Wednesday after-hours trading after the payments company posted a strong Q4, demonstrated by beats in revenue, operating profit, gross profit, and adjusted EBITDA. Moreover, its guidance for 2026 total payment value (TPV) is notably stronger than consensus. The company's board also authorized a new share repurchase program, authorizing management ...
The Good Brigade dLocal ( DLO ) stock rose 6.0% in Wednesday after-hours trading after the payments company posted a strong Q4, demonstrated by beats in revenue, operating profit, gross profit, and adjusted EBITDA. Moreover, its guidance for 2026 total payment value (TPV) is notably stronger than consensus. The company's board also authorized a new share repurchase program, authorizing management to buy back up to $300M of its class A common shares. The Uruguay-based payment processor expects TPV to jump 50%-60% in 2026 from 2025's $40.8B, exceeding the Visible Alpha estimate, which expected a 41% Y/Y increase. Gross profit is expected to rise 22.5%-27.5%, compared with Visible Alpha's estimate of a 25.6% increase. The company anticipates its 2026 operating profit will rise 27.5%-32.5% vs. the Visible Alpha consensus seeing a 33.3% advance. Q4 GAAP EPS of $0.18, i n line with the consensus estimate, rose from $0.10 in Q4 2024. Revenue for the quarter increased 20% Q/Q and 65% Y/Y to $337.9M, beating the $296.3M consensus. "Our flywheel is accelerating: high growth in a massive and expanding TAM (total addressable market), strong customer loyalty and retention, a growing capacity to innovate, and an asset-light, high-cash-conversion financial model," said CEO Pedro Arnt. Gross profit of $115.8M rose 12% Q/Q and 38% Y/Y. That topped the Visible Alpha consensus of $111M. The Q/Q growth was driven by strong seasonal e-commerce growth in Brazil , partial recovery in Egypt, strong volume growth in Mexico across e-commerce, on-demand delivery and ride-hailing; and broad-based growth in Other Africa & Asia , with notable South Africa contribution, the company said. Operating profit of $62.7M, beating the $60.7M Visible Alpha estimate, advanced 13% Q/Q and 48% Y/Y. Q4 adjusted EBITDA of $78.4M vs. the Visible Alpha consensus of $76.8M, up 9% Q/Q and 38% Y/Y. Conference call at 5:00 PM ET. More on dLocal DLocal Limited: Growing Payment Volumes To Boost Overall Profitability I...
franckreporter Truist initiated coverage of Altimmune ( ALT ) at buy saying that the company's lead candidate, pemvidutide, could become an important treatment for the fatty liver disease m etabolic dysfunction-associated steatohepatitis (MASH). The firm has a $12 price target (~251% upside based on March 18 close). Analyst Srikripa Devarakonda said that given pemvidutide is a glucagon/GLP-1 dual ...
franckreporter Truist initiated coverage of Altimmune ( ALT ) at buy saying that the company's lead candidate, pemvidutide, could become an important treatment for the fatty liver disease m etabolic dysfunction-associated steatohepatitis (MASH). The firm has a $12 price target (~251% upside based on March 18 close). Analyst Srikripa Devarakonda said that given pemvidutide is a glucagon/GLP-1 dual receptor agonist, it "will be able to improve on the efficacy seen with Wegovy (GLP-1 target only) given the additive hepatic fat-burning effects from targeting [glucagon]." The 48-week, phase 2 MOMENTUM trial examining pemvidutide for obesity released in late 2023 found mean weight loss of 15.6% at the highest dose tested, 2.4 mg. Pemvidutide is also in phase 2 for alcohol use disorder and alcohol-associated liver disease. More on Altimmune Altimmune: The High Cost Of Going Solo (Rating Downgrade) Altimmune, Inc. (ALT) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Altimmune Reports FY 2025 Financials: Why Is Big Pharma Staying Away? Altimmune outlines 1,800-patient Phase III MASH trial and signals cash runway into 2028 as pemvidutide advances Altimmune to start late-stage trial for MASH candidate this year
primeimages/E+ via Getty Images Investment Thesis Beginning in October 2025, price movements in the S&P 500 index have been confined to a wide trading range. Overall volatility has remained within 500 points, or approximately 7.5% in percentage terms. A market like this isn’t the best time for investors whose portfolios are focused on capital growth. But even if you’ve chosen a number of ETFs desi...
primeimages/E+ via Getty Images Investment Thesis Beginning in October 2025, price movements in the S&P 500 index have been confined to a wide trading range. Overall volatility has remained within 500 points, or approximately 7.5% in percentage terms. A market like this isn’t the best time for investors whose portfolios are focused on capital growth. But even if you’ve chosen a number of ETFs designed to generate income, most of them can be adapted to generate returns specifically during a bull market. The S&P 500 has now been in a sideways trend for six consecutive months, which makes funds that have adapted their investment strategy to generate returns under such conditions more relevant. They include the TappAlpha SPY Growth & Daily Income ETF ( TSPY ) and the Roundhill S&P 500 0DTE Covered Call Strategy ETF ( XDTE ), both of which use new types of 0DTE options to generate returns in a sideways or moderately rising market. During a strong bull market, these funds will lag behind the index, and their capital is not protected against a market crash. It is their ability to generate returns in a sideways market, though, which makes them a good choice for an income-oriented portfolio. That's why today I'll be comparing these two "0DTE fund titans" to determine which one is better. S&P 500 Technical Analysis on the 1D Timeframe. Source: Tradingview. In spite of current events that could lead to a sharp market correction, thanks to reduced risks, my expectation is that the S&P 500 will continue to trade within a broad range. Over the next 6–12 months, the index is expected to trade between 6,500 and 7,000 points. That said, "market jitters" are unlikely to subside, and intraday volatility will likely increase. It will be triggered by a more active news cycle, which, apart from macroeconomic data and monetary policy decisions, increasingly reflects the influence of geopolitical events and domestic political developments. The absence of a clear directional trend (bullish ...
S&P Global Ratings lowered its outlook on Cliffwater LLC ’s flagship private credit fund to negative from stable, citing elevated redemption requests that risk putting pressure on its liquidity. The roughly $32 billion Cliffwater Corporate Lending Fund ’s decision to meet 7% of withdrawal requests in the first quarter was higher than the 5% minimum, and the second quarter in a row it topped that l...
S&P Global Ratings lowered its outlook on Cliffwater LLC ’s flagship private credit fund to negative from stable, citing elevated redemption requests that risk putting pressure on its liquidity. The roughly $32 billion Cliffwater Corporate Lending Fund ’s decision to meet 7% of withdrawal requests in the first quarter was higher than the 5% minimum, and the second quarter in a row it topped that level, S&P said in a report Wednesday. Analysts warned if that “were to constitute the new norm and not the exception,” it could strain the fund and potentially spur a downgrade. “We view the 5% redemption cap as an important guardrail for liquidity,” the S&P analysts wrote in the report, which affirmed its A rating. “Raising the redemption cap to 7% per quarter would weaken our opinion of the fund’s liquidity.” The Cliffwater fund faced an unprecedented exodus in the first quarter, with investors looking to redeem about 14% of shares. Like other private credit managers, it capped withdrawals, though as an interval fund it is required to pay out at least 5% if that many shareholders want out. Read more: Private Credit Exodus Forces Caps at Cliffwater, Morgan Stanley The fund has about 25% of its portfolio invested in software and is mostly owned by retail investors, according to the report. Its asset quality “remains generally stable,” S&P said, while noting that another trigger for a downgrade would be “if asset quality deteriorates sharply.”
BFI Flare festival, London Cavorting around the cross and sexualising the saviour, a group of queer drag nuns, performance artists and activists satirise the religious festival in Jennifer M Kroot’s documentary Jennifer M Kroot’s film Hunky Jesus, narrated by George Takei, is the opening event of this year’s BFI Flare, the festival of LGBTQ+ moviemaking. It is about an outrageous annual talent con...
BFI Flare festival, London Cavorting around the cross and sexualising the saviour, a group of queer drag nuns, performance artists and activists satirise the religious festival in Jennifer M Kroot’s documentary Jennifer M Kroot’s film Hunky Jesus, narrated by George Takei, is the opening event of this year’s BFI Flare, the festival of LGBTQ+ moviemaking. It is about an outrageous annual talent contest for the hunkiest Jesus-a-like, whose contestants are often oiled, with the kind of buttocks not mentioned in the New Testament, and sometimes engage in pole dance-type cavorting around the cross, declaring that they want to be nailed and rise again. It is organised every Easter in San Francisco as part of an exuberant, defiant celebration by the Sisters of Perpetual Indulgence, a group of queer drag nuns, performance artists and activists who, with great stamina and commitment, apparently never come out of character. And all in the cheeky spirit of Tom Lehrer’s comic song The Vatican Rag . Continue reading...
J Studios/DigitalVision via Getty Images The Middle East energy crisis is the market mover of the moment, and everyone is wondering how the recent increases in oil prices will affect equity returns in the future. I don’t have the crystal ball, but analyzing the past might help us to have a broader knowledge about what is going on. In this article, I’ll show you what historically happened to equity...
J Studios/DigitalVision via Getty Images The Middle East energy crisis is the market mover of the moment, and everyone is wondering how the recent increases in oil prices will affect equity returns in the future. I don’t have the crystal ball, but analyzing the past might help us to have a broader knowledge about what is going on. In this article, I’ll show you what historically happened to equity returns when the price of oil doubled, and I anticipate that it doesn’t bode well. A trip down memory lane Since the early 70s, we have had a lot of precedents when the oil prices doubled in a relatively short period, and in most cases equity suffered over the next 12 months. As you will notice throughout the article, rising oil prices were one of the leading causes of bubbles bursting, and the reason is quite intuitive: the global economy has been/is based on oil to function properly. Oil is the most important commodity as its demand is inelastic, which is why it can break the economy if it gets too expensive. You can’t stop filling your car, and industries can’t stop producing goods. That’s why oil is so important for the global economy, but as it often happens, when something is so powerful, someone will use it improperly. We are currently facing a period of oil weaponization by Iran, and this is resulting in massive stress in the global energy supply chain, something that we have already seen before. What does this mean for equities? History doesn’t repeat itself, but it often rhymes. Before showing you what I found out, I think it is important to point out three conditions I followed: I considered mostly the events that provoked oil prices to double in a relatively short time. I didn’t consider the equity performance during the period where oil prices doubled because the negative effects on equity markets tend to happen later. Why? Because it needs time for oil prices to influence the inflation rate and force the central bank to raise interest rates and deflate equity...
Maha Capital AB , a Swedish energy company managed by Brazilian executives, has exercised its rights to acquire a 24% stake in a Venezuelan oil field after the US provided sanctions relief. Maha approved the call option after the US Treasury Department issued a license on Wednesday that authorizes US entities to carry out transactions with state-owned Petróleos de Venezuela SA, the Stockholm-based...
Maha Capital AB , a Swedish energy company managed by Brazilian executives, has exercised its rights to acquire a 24% stake in a Venezuelan oil field after the US provided sanctions relief. Maha approved the call option after the US Treasury Department issued a license on Wednesday that authorizes US entities to carry out transactions with state-owned Petróleos de Venezuela SA, the Stockholm-based company said in a statement. Maha will transfer its shares in the PetroUrdaneta project, a joint venture with PDVSA, to its US subsidiaries, it said. PetroUrdaneta has large volumes of light oil and natural gas and is close to some of Chevron Corp ’s projects in the Lake Maracaibo region in western Venezuela. “The field can rapidly have its production increased to 15,000 barrels a day of oil and gas,” Chairman Paulo Mendonça said in an interview. “The light oil and natural gas will be very important for the economy of the country.” PetroUrdaneta is producing about 2,000 barrels a day and the rising volumes of light oil can be used to mix with heavy crude produced in other parts of Venezuela, while the natural gas can be used to generate electricity for oil operations at Maha’s project and others in the region, he said. Surging energy prices caused by the war in Iran is pressuring Washington to accelerate an easing of sanctions on Venezuela, home to some of the world’s largest oil and gas reserves. Read More: Maduro Capture Puts Spotlight on Maha’s Venezuela Oil Project
Douglas Rissing/iStock via Getty Images Introduction Earlier today, the Federal Reserve’ Open Market Committee (FOMC) voted to maintain the Fed funds rate at 3-1/2 to 3-3/4 percent. For the first time since September of 2025, only one committee member dissented, as Stephen Miran preferred a 25-basis point cut. Along with the rate decision, the FOMC released its latest economic projections . While ...
Douglas Rissing/iStock via Getty Images Introduction Earlier today, the Federal Reserve’ Open Market Committee (FOMC) voted to maintain the Fed funds rate at 3-1/2 to 3-3/4 percent. For the first time since September of 2025, only one committee member dissented, as Stephen Miran preferred a 25-basis point cut. Along with the rate decision, the FOMC released its latest economic projections . While many of the projections were static compared to the past, there were some changes that investors should be made aware of. Voting History Tracked by Author The FOMC Expects Higher, But Temporary Inflation The Fed made rather dramatic changes to its short-term forecast for both inflation and core inflation. The FOMC now expects both overall inflation and core inflation to come in at 2.7% in 2026, up from 2.4% and 2.5%, respectively, in the December estimates. Interestingly, the Fed felt that 2026 would be the soft-landing year for both core and regular inflation all the way up until September of 2024. Federal Reserve Federal Reserve The Fed did edge up its 2027 estimates for both inflation and core inflation by 0.1% to 2.2%. The Fed still has inflation hitting its long-term target in 2028. While tariffs have continued to be the main source of uncertainty for the committee, the Iran conflict created a new layer of uncertainty in pricing expectations due to the increases in the price of oil. The committee classified uncertainty as being “elevated,” but at the same time, it seems confident that pricing will stabilize by some time next year. The Fed Shakes Off the Bad Jobs Numbers The weaker jobs data that has come in and out of the labor market over the last few months has not really influenced the Fed’s expectations. The Fed continues to target full employment and believes we will achieve that with an unemployment rate of 4.2%. For 2026, the Fed left its unemployment expectations unchanged at 4.4%. In 2027, the Fed edged its unemployment rate expectations up 0.1%, but I don’t b...
The Iran war and the effective closure of the Strait of Hormuz have triggered one of the largest energy supply shocks in modern history, sending Brent crude surging past $100 a barrel. With nearly 80% of the trapped crude and LNG destined for Asia, the region is exceptionally vulnerable to these bottlenecks. But the crisis extends well beyond energy – crippled supplies of critical inputs such as h...
The Iran war and the effective closure of the Strait of Hormuz have triggered one of the largest energy supply shocks in modern history, sending Brent crude surging past $100 a barrel. With nearly 80% of the trapped crude and LNG destined for Asia, the region is exceptionally vulnerable to these bottlenecks. But the crisis extends well beyond energy – crippled supplies of critical inputs such as helium, aluminum and fertilizers threaten a broader inflationary spike across regional manufacturing
TAT Technologies press release ( TATT ): Q4 GAAP EPS of $0.36 misses by $0.03 . Revenue of $46.5M misses by $1.54M . Adjusted EBITDA: increased by 24.0% to $6.9 million (14.8% of revenues) compared to $5.5 million (13.5% of revenues) for the fourth quarter of 2024. Adjusted EBITDA for the twelve months of 2025 increased by 36.7% to $25.5 million (14.3% of revenues) compared to $18.6 million (12.2%...
TAT Technologies press release ( TATT ): Q4 GAAP EPS of $0.36 misses by $0.03 . Revenue of $46.5M misses by $1.54M . Adjusted EBITDA: increased by 24.0% to $6.9 million (14.8% of revenues) compared to $5.5 million (13.5% of revenues) for the fourth quarter of 2024. Adjusted EBITDA for the twelve months of 2025 increased by 36.7% to $25.5 million (14.3% of revenues) compared to $18.6 million (12.2% of revenues) for the same period in 2024. Cash flow provided from operating activities for the three and twelve months ended December 31, 2025, was $5.6 million and $15.0 million, respectively, compared to cash flows used in operating activities of ($1.0) million and $(5.8) million for the three and twelve months ended December 31, 2024, respectively. More on TAT Technologies TAT Technologies: Strong Buy As Tiny Company Powers Huge APU, Gear Expansion TAT Technologies secures $36M APU MRO contract with leading global cargo carrier Seeking Alpha’s Quant Rating on TAT Technologies Historical earnings data for TAT Technologies Financial information for TAT Technologies
Micron says it will spend heavily to meet demand and sales will keep soaring. Shares whipsawed despite beating on earnings. Matt Bryson of Wedbush Securities reacts to the report on Bloomberg The Close. (Source: Bloomberg)
Micron says it will spend heavily to meet demand and sales will keep soaring. Shares whipsawed despite beating on earnings. Matt Bryson of Wedbush Securities reacts to the report on Bloomberg The Close. (Source: Bloomberg)
Toltek/iStock via Getty Images U.S. wheat futures jumped Wednesday, as traders appeared to favor the grain as a way to hedge against the continuing shutdown of the Strait of Hormuz, with a strike hitting Iranian refineries and gas fields adding fresh uncertainty into the war outlook. Crude oil surged Wednesday as Iran and Israel traded strikes on key energy facilities in the Middle East, complicat...
Toltek/iStock via Getty Images U.S. wheat futures jumped Wednesday, as traders appeared to favor the grain as a way to hedge against the continuing shutdown of the Strait of Hormuz, with a strike hitting Iranian refineries and gas fields adding fresh uncertainty into the war outlook. Crude oil surged Wednesday as Iran and Israel traded strikes on key energy facilities in the Middle East, complicating efforts to curb a surge in energy prices, while the U.S. producer price index - which tracks the change in wholesale prices - rose by a hotter than expected 0.7% in February, showing that inflation was already ramping up before the outbreak of the war . Also, harsh winter weather in parts of the central U.S. may have damaged wheat plants that had broken dormancy at a time when limited precipitation already had stressed fields. "Wheat caught a slug of fresh buying from funds, said to have been scarfing up the food grain as a 'food security hedge,' as the world seeks safe haven while watching world energy prices run up," Marex.com's Charlie Sernatinger said in a note. CBOT wheat ( W_1:COM ) for July delivery settled up 2.7% to $6.16 3/4 per bushel, corn ( C_1:COM ) for July delivery climbed 2% to $4.74 3/4 per bushel, and soybeans ( S_1:COM ) for July added 0.7% to $11.79 per bushel. Agricultural futures have yet to feel the full force of the Middle East war, Bank of America said in a note, as volatility unleashed in oil and natural gas prices already feeds into the cost of inputs such as fertilizer and fuel, but U.S. production for crops such as corn may be challenged if fertilizer remains more expensive and harder to get. "We see material upside risks ahead under our base case of the conflict extending into 2Q 2026, 20%-30% for corn in 2026 on major production risks, 15%-20% for wheat, as the main food security hedge," BofA wrote. ETFs: ( WEAT ), ( CORN ), ( SOYB ), ( DBA ), ( MOO ) More on U.S. grains Goehring & Rozencwajg Natural Resource Market Q4 2025 Commentary Com...
April Nymex natural gas (NGJ26) on Wednesday closed up +0.032 (+1.06%). Nat-gas prices recovered from a 1.5-week low on Wednesday and settled higher. Short covering emerged in nat-gas futures on Wednesday on carryover support from a +6% surge in European gas prices to a 1-week high after Iran threatened to attack energy infrastructure in Saudi Arabia, Qatar, and the UAE in retaliation for US and I...
April Nymex natural gas (NGJ26) on Wednesday closed up +0.032 (+1.06%). Nat-gas prices recovered from a 1.5-week low on Wednesday and settled higher. Short covering emerged in nat-gas futures on Wednesday on carryover support from a +6% surge in European gas prices to a 1-week high after Iran threatened to attack energy infrastructure in Saudi Arabia, Qatar, and the UAE in retaliation for US and Israeli airstrikes on its South Pars gas field and its Asaluyeh oil industry facilities. Don’t Miss a Day: Nat-gas prices initially moved lower on Wednesday amid forecasts of warm US weather that will reduce nat-gas heating demand. The Commodity Weather Group said Wednesday that forecasts shifted warmer with well-above-average temperatures expected across the western half of the US for the next two weeks. Expectations for a larger-than-normal build in nat-gas storage also weighed on prices on Wednesday. The consensus is that Thursday's EIA nat-gas inventories will climb by +39 bcf for the week ended March 13, well above the five-year average for this time of year of a -29 bcf decline. Nat-gas prices surged to a 3-year high earlier this month due to the war in Iran. On March 2, Qatar shut its Ras Laffan plant, the world's largest natural gas export facility, after it was targeted by an Iranian drone attack. The Ras Laffan plant accounts for about 20% of global liquefied natural gas supply, and its closure could boost US nat-gas exports. Also, the closure of the Strait of Hormuz due to the war in Iran has sharply curtailed nat-gas supplies to Europe and Asia. US (lower-48) dry gas production on Wednesday was 111.6 bcf/day (+4.7% y/y), according to BNEF. Lower-48 state gas demand on Wednesday was 94.2 bcf/day (+26.1% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Wednesday were 19.2 bcf/day (-2.4% w/w), according to BNEF. Projections for higher US nat-gas production are bearish for prices. On February 17, the EIA raised its forecast for 2026 US d...
April WTI crude oil (CLJ26) on Wednesday closed up +0.11 (+0.11%), and April RBOB gasoline (RBJ26) closed down -0.0249 (-0.80%). Crude oil and gasoline prices fell back from sharp gains and settled mixed on Wednesday. Energy prices initially rallied sharply on Wednesday, with gasoline soaring to a 3.5-year high. Escalation of the Iran war pushed crude prices higher on Wednesday after Iran said it ...
April WTI crude oil (CLJ26) on Wednesday closed up +0.11 (+0.11%), and April RBOB gasoline (RBJ26) closed down -0.0249 (-0.80%). Crude oil and gasoline prices fell back from sharp gains and settled mixed on Wednesday. Energy prices initially rallied sharply on Wednesday, with gasoline soaring to a 3.5-year high. Escalation of the Iran war pushed crude prices higher on Wednesday after Iran said it will attack other Middle Eastern energy infrastructure targets in retaliation for US and Israeli attacks on Iran’s energy. However, crude prices fell from their best levels on Wednesday after Saudi Arabia said it is ramping up crude exports that bypass the Strait of Hormuz. Saudi Arabia is rerouting oil through a pipeline to the western port of Yanbu on the Red Sea, with shipments averaging about 4.19 million bpd over the past five days, more than half the 7.0 million bpd the kingdom was exporting in total before the Iran war closed the Strait of Hormuz. Don’t Miss a Day: Also, gasoline prices gave up an early advance and turned lower on Wednesday after Reuters reported that President Trump will temporarily lift federal smog-cutting restrictions on summer-blend gasoline, making it cheaper by not forcing refiners and retailers to switch to more costly summer blends. Crude prices initially soared on Wednesday after Iran said it would target energy infrastructure in Saudi Arabia, Qatar, and the UAE in retaliation for US and Israeli airstrikes on its South Pars gas field and its Asaluyeh oil industry facilities. Crude prices also found support on Wednesday after the crude crack spread jumped to a 3.75-year high, encouraging refiners to purchase crude and refine it into gasoline and distillates. Crude prices were also pressured on Wednesday after Iraq said it will resume crude exports through a pipeline that links Kurdistan to Turkey’s Mediterranean port of Ceyhan, bypassing the Strait of Hormuz. Also, Saudi Arabia restarted operations at its 550,000 bpd Ras Tanura refinery, the...
The S&P 500 Index ($SPX) (SPY) and the Dow Jones Industrial Average ($DOWI) (DIA) both fell to new 2026 closing lows today. The S&P 500 dropped 1.36% while the Dow tumbled 1.63% by the market close. The Nasdaq 100 Index ($IUXX) (QQQ) was down -1.46%. The Federal Reserve voted 11-1 on Wednesday to maintain the benchmark interest rate at 3.5% to 3.75%. Despite higher-than-expected inflation and glob...
The S&P 500 Index ($SPX) (SPY) and the Dow Jones Industrial Average ($DOWI) (DIA) both fell to new 2026 closing lows today. The S&P 500 dropped 1.36% while the Dow tumbled 1.63% by the market close. The Nasdaq 100 Index ($IUXX) (QQQ) was down -1.46%. The Federal Reserve voted 11-1 on Wednesday to maintain the benchmark interest rate at 3.5% to 3.75%. Despite higher-than-expected inflation and global uncertainty, the committee raised its 2026 growth projections and signaled that rate cuts are still likely. The latest "dot plot" suggests one reduction remains on the table for later this year, with another projected for 2027, though the exact timing depends on future economic data. Join 200K+ Subscribers: Stocks are under pressure today after US Feb producer prices rose more than expected, a sign of sticky price pressures. Stocks added to their losses today after WTI crude oil prices (CLJ26) whipsawed higher by more than +2% after initially being down more than -2% on signs of escalation of the Iran war after Iran said it will target energy infrastructure in Saudi Arabia, Qatar, and the UAE in retaliation for US and Israeli airstrikes on its South Pars gas field and its Asaluyeh oil industry facilities. Stock index futures initially moved higher today after crude oil prices fell more than -2% when Iraq said it will resume crude exports through a pipeline that links Kurdistan to Turkey’s Mediterranean port of Ceyhan, bypassing the Strait of Hormuz. Also, the US dropped 5,000-pound bunker-buster bombs on Iranian missile sites near the Strait of Hormuz. The war against Iran entered its nineteenth day today with no signs of easing as Iran stepped up attacks on its Middle Eastern neighbors in retaliation for the killing of its security chief, Ali Larijani, in an Israeli strike. Iran today launched fresh waves of missiles and drone attacks, targeting the United Arab Emirates, Saudi Arabia, Kuwait, and Israel. Crude oil prices remain high despite attempts to boost global supp...
U.S. stocks ended their gaining streak on Wednesday to finish lower as the Federal Reserve announced it would keep interest rates unchanged, while investor sentiment is weighed on inflation fears. The Federal Reserve held interest rates steady at 3.50%-3.75% for a third straight meeting on Wednesday, in line with expectations. The benchmark S&P 500 ( SP500 ) ended -1.4%, while the Nasdaq Composite...
U.S. stocks ended their gaining streak on Wednesday to finish lower as the Federal Reserve announced it would keep interest rates unchanged, while investor sentiment is weighed on inflation fears. The Federal Reserve held interest rates steady at 3.50%-3.75% for a third straight meeting on Wednesday, in line with expectations. The benchmark S&P 500 ( SP500 ) ended -1.4%, while the Nasdaq Composite ( COMP:IND ) finished -1.5%, and the Dow ( DJI ) closed -1.6%. Bond yields were substantially higher. The benchmark 10-year Treasury yield ( US10Y ) rose 7 basis points higher at 4.27%, while the 2-year Treasury yield ( US2Y ) jumped 11 basis points to 3.79%. Also, the February Producer Price Index came in hotter at +0.7% MoM vs. +0.3% consensus and +0.5% prior. Core PPI (excludes foods and energy) was +0.5% MoM vs. +0.3% consensus and +0.8% prior. Crude oil futures ( CL1:COM ) were higher at $100, while Brent futures ( CO1:COM ) were at $111.1 per barrel. Now, here are three things for investors to look forward to on Thursday: Bitcoin ( BTC-USD ) declined 3.7% on Wednesday back to $71,000 after it reached $74,000 the day before. The cryptocurrency is still up from about $66,000 at the onset of the U.S.-Israel-Iran war. “A meaningful correction toward $60,000 is likely once geopolitical tensions stabilize or resolve,” said Sagar Agarwal , Seeking Alpha analyst. Gold ( XAUUSD:CUR ) has also slid 3.7% to around $4,800. “Gold prices are falling, and the U.S. dollar ( DXY ) has not even started to recover this week's losses. If the DXY rallies after today's FOMC meeting, that could be a catalyst for further downside in gold prices,” said Seeking Alpha Analyst MarketPulse by OANDA Group . The Federal Reserve kept interest rates unchanged for a third consecutive meeting, sending the U.S. stock market to deep red territory. Chair Jerome Powell said the economy will see an effect on inflation in the near future but sees progress mid-year. “If we don't see inflation progress, you w...