Chinnachart Martmoh/iStock via Getty Images Market Turned From Extreme Bearish To Extreme Bullish? The market is now at an all-time high, even though the war hasn’t yet quite reached a definitive conclusion. Does it surprise you? If anything, I think it goes to prove that that's just how the forward looking market really works. Sure, we have not reached a permanent ceasefire. But it's not like it ...
Chinnachart Martmoh/iStock via Getty Images Market Turned From Extreme Bearish To Extreme Bullish? The market is now at an all-time high, even though the war hasn’t yet quite reached a definitive conclusion. Does it surprise you? If anything, I think it goes to prove that that's just how the forward looking market really works. Sure, we have not reached a permanent ceasefire. But it's not like it really matters to the market right now. Especially not when you see the market reverse into new highs from a bottom just about 2 weeks ago. The market seems to be telling us that the whatever happens in the Middle East no longer matters that much once we are firmly past the worst stages of it. Has it also stunned the media? You bet. But, it's not like the market really cares, right? Markets Don't Need 100% Clarity To Turn Bullish Discussion on the impact of the Iranian war on the Strait of Hormuz (Goldman Sachs YouTube channel) I thought this commentary by Goldman Sachs ( GS ) aptly summarized what the market is thinking versus what the media is worried about. The media wants a clear conclusion, but experienced investors should be able to tell us that the market had already discounted them in late March. It’s arguably true that there are still a laundry list of uncertainties that could really find their way back into the narrative later. But, it’s also crucial for us to recognize that the market doesn’t quite need absolute clarity to regain control of the bullish skew, right? Think about it. In the absolute mess of the COVID supply chain snafu, the market continued to rally until it became a tech and growth bubble. But, that only happened like when? As a reminder, that was late 2021. And then last year’s tariffs. It was only earlier this year that President Trump’s tariffs were struck down by SCOTUS. Although, there could be ways around it to get them reinstated by July, as Treasury Secretary Scott Bessent opined recently. Yet, the market rallied for an incredible six month...
Hi, it’s Baiju Kalesh in Mumbai and Manuel Baigorri in Hong Kong, taking a look at the most popular sport in India—cricket—and some recent deals taking IPL franchises into the billion-dollar plus valuation club. Elsewhere, SpaceX gears up for investor site visits. Today’s top stories SpaceX plans site visits for large investors as IPO nears. UAE investor buys stake in Joe & the Juice. Johnson Cont...
Hi, it’s Baiju Kalesh in Mumbai and Manuel Baigorri in Hong Kong, taking a look at the most popular sport in India—cricket—and some recent deals taking IPL franchises into the billion-dollar plus valuation club. Elsewhere, SpaceX gears up for investor site visits. Today’s top stories SpaceX plans site visits for large investors as IPO nears. UAE investor buys stake in Joe & the Juice. Johnson Controls weighs $4.5 billion in divestitures . Bouygues-led group in advanced talks on deal for SFR. Cricket craze The Indian Premier League shook up the cricket world with its shorter format, flashy franchises, big paychecks and Bollywood celebrity backers when it launched in 2008. It was a new dawn for the sport in the country where it’s adored pretty much more than anything else. The tournament has flourished since, attracting the world’s best cricketers, billions of eyeballs and some keen interest from investors—most recently a consortium led by billionaire Kumar Mangalam Birla ’s conglomerate that bought reigning champion Royal Challengers Bengaluru. The Aditya Birla group included Blackstone, The Times of India Group and David Blitzer’s Bolt Ventures. The deal valued Royal Challengers, which used to be owned by Indian tycoon Vijay Mallya, at about $1.8 billion—a fresh benchmark for the league. With only 10 teams involved in the IPL, the new owners are joining an exclusive club. “There are only a few teams up for grabs, so it’s a golden chance for buyers to take part,” Rahul Saraf, Citigroup’s head of investment banking in India, told us. He advised on the Royal Challengers sale. That deal followed hot on the heels of another billion-dollar IPL transaction—the sale of the Rajasthan Royals, winner of the inaugural tournament in 2008, to a US-based consortium led by Kal Somani that included ex-Walmart Chairman Rob Walton. Other big-name IPL backers include Mukesh Ambani and actor Shah Rukh Khan, who often appears on the big screen at games. “The IPL is a brilliant example be...
K Neville/iStock via Getty Images Elevator Thesis Oil remains unstable as Iran and U.S. tensions continue to push the prices up and down with each headline. Under normal conditions, this arrangement would provide oilfield services with some support. However, this cycle is different as U.S. shale producers are not chasing growth anymore. They concentrate on the capital discipline and free cash flow...
K Neville/iStock via Getty Images Elevator Thesis Oil remains unstable as Iran and U.S. tensions continue to push the prices up and down with each headline. Under normal conditions, this arrangement would provide oilfield services with some support. However, this cycle is different as U.S. shale producers are not chasing growth anymore. They concentrate on the capital discipline and free cash flow rather than volume. The change has disrupted the connection between oil prices and service demand. This brings me to ProPetro Holding ( PUMP ) which is a pretty intriguing case. ProPetro operates in the Permian Basin and earns most of its revenue from hydraulic fracturing. In simple words, it helps other companies extract oil and gas from underground. Additionally, its management is attempting to develop a second growth leg by PROPWR. This segment basically targets power generation and infrastructure contracts of longer duration. Moreover, its Q4 results were pretty mixed. Revenue clocked in at $290 million, a decrease of about 9-10% annually. Meanwhile, adjusted EBITDA was close to $51 million, with margin of around 18%. Therefore, the activity is still soft. Furthermore, the earnings beat appeared solid but it was rather due to efficiency gains than to actual demand recovery. Interestingly, PUMP shares have skyrocketed over 175% YOY (as of writing), but 2026 expectations of EPS remain a little negative at approximately -$0.13. The market is obviously beginning to price in a shift towards a more infrastructure-linked business model. In general, that is the core tension for me. The business is progressing, yet earnings are yet to follow. This gap ends up justifying my Hold rating at the current levels. Core Business: Cash Flow Strong, Growth Absent ProPetro is using its traditional fracturing business as a cash cow. It is being used to squeeze out as much money as possible to pay for a future in power. PUMP FY 25 Earnings History (Seeking Alpha) The above snapshot is inter...
Hailshadow Roche ( RHHBY ) announced on Thursday that it is initiating a new Phase 3 trial for Elevidys, a treatment it developed with Sarepta Therapeutics ( SRPT ) for the muscle-wasting disorder. Duchenne muscular dystrophy, in an attempt to secure EU approval for the gene therapy. The one-time therapy has already been approved by the FDA for individuals aged four years and above with DMD, a rar...
Hailshadow Roche ( RHHBY ) announced on Thursday that it is initiating a new Phase 3 trial for Elevidys, a treatment it developed with Sarepta Therapeutics ( SRPT ) for the muscle-wasting disorder. Duchenne muscular dystrophy, in an attempt to secure EU approval for the gene therapy. The one-time therapy has already been approved by the FDA for individuals aged four years and above with DMD, a rare genetic disorder affecting about 1 in 5,000 boys born worldwide. However, several patient deaths prompted Sarepta ( SRPT ), which markets the therapy in the U.S., to halt its shipments temporarily last year. The decision by the Swiss drugmaker comes in response to a negative opinion issued by an expert panel of the European Medicines Agency, the EU drug regulator, last year not to recommend marketing authorization for the therapy. According to Roche ( RHHBY ), the trial for nearly 100 early ambulatory boys with DMD will run for more than 72 weeks to generate additional placebo-controlled data required to support a regulatory resubmission with the EMA. “Our confidence is rooted in robust long-term data showing the durable efficacy and safety of Elevidys, alongside the experience of treating more than a thousand ambulatory boys worldwide," noted Roche ’ s ( RHHBF ) Chief Medical Officer Levi Garraway. More on Sarepta Therapeutics, Roche Holding Sarepta Therapeutics: It's Too Early To Get Excited About siRNA Data Sarepta Therapeutics, Inc. (SRPT) Discusses Preliminary Phase I/II Data for SRP-1001 in FSHD1 and SRP-1003 in DM1 Transcript Sarepta Therapeutics, Inc. (SRPT) Discusses Preliminary Phase I/II Data for SRP-1001 in FSHD1 and SRP-1003 in DM1 - Slideshow C4 Therapeutics inks new deal with Roche for degrader-antibody conjugates TrumpRx adds medicines from AbbVie and Roche’s Genentech: report
Nikada New research from the National Bureau of Economic Research highlights how China’s property sector has shifted from a primary driver of expansion to a significant constraint on growth, underscoring broader structural challenges within the economy. For decades, real estate activity—along with its links to construction, materials, and infrastructure—accounted for nearly one-third of aggregate ...
Nikada New research from the National Bureau of Economic Research highlights how China’s property sector has shifted from a primary driver of expansion to a significant constraint on growth, underscoring broader structural challenges within the economy. For decades, real estate activity—along with its links to construction, materials, and infrastructure—accounted for nearly one-third of aggregate demand. However, since 2018, that contribution has eroded markedly. While regulatory tightening initially accelerated the downturn, the study finds that underlying imbalances played a more decisive role in weakening the sector’s long-term trajectory. The implications extend well beyond housing. With property representing roughly 70% of household wealth in China, declining home prices have triggered substantial negative wealth effects. This has weighed on consumer spending, reduced private investment, and dampened overall economic sentiment, reinforcing the slowdown. The research also draws comparisons to Japan’s real estate collapse in the 1990s, noting clear similarities in how falling asset values translated into weaker consumption and prolonged economic softness. Despite institutional differences between the two economies, the parallels suggest common transmission channels. Ultimately, the findings emphasize that real-economy dynamics—not just financial system stress—can amplify and prolong downturns, raising the risk of sustained stagnation if China’s property sector continues to deteriorate. China ETFs: ( KWEB ), ( PGJ ), ( CQQQ ), ( FXI ), ( GXC ), ( MCHI ), ( FLCH ), ( CNYA ), ( ASHR ), and ( YINN ). More on markets Narrow tech rally powers market higher despite weak breadth Artificial Intelligence boom redefines corporate debt markets, Apollo says S&P 500 returns to positive territory and erases Middle East conflict losses Geopolitical conflicts overshadow inflation as the top market threat, according to BofA Only 50/50 odds that the Strait of Hormuz normalizes by J...
(RTTNews) - Industrial production in the U.S. unexpectedly decreased in the month of March, according to a report released by the Federal Reserve on Thursday.
(RTTNews) - Industrial production in the U.S. unexpectedly decreased in the month of March, according to a report released by the Federal Reserve on Thursday.
The EV market offers opportunities in mass-market EV development, adoption of alternative battery chemistries and 800V architecture, and universal platforms to accelerate adoption. OEMs are revisiting electrification targets, focusing on circularity and sustainability amidst supply chain challenges.Dublin, April 16, 2026 (GLOBE NEWSWIRE) -- The "OEM Strategies on Next Generation Electric Vehicles,...
The EV market offers opportunities in mass-market EV development, adoption of alternative battery chemistries and 800V architecture, and universal platforms to accelerate adoption. OEMs are revisiting electrification targets, focusing on circularity and sustainability amidst supply chain challenges.Dublin, April 16, 2026 (GLOBE NEWSWIRE) -- The "OEM Strategies on Next Generation Electric Vehicles, Global, 2025-2031" report has been added to ResearchAndMarkets.com's offering.The global electric v
(RTTNews) - Stock of Main Street Capital Corporation (MAIN) is moving down about 4 percent on Thursday morning trading after announcing its preliminary operating results for the first quarter of 2026.
(RTTNews) - Stock of Main Street Capital Corporation (MAIN) is moving down about 4 percent on Thursday morning trading after announcing its preliminary operating results for the first quarter of 2026.
Robert Way JinkoSolar Holding ( JKS ) declined more than 16% on Thursday after its adjusted net loss almost doubled in the fourth quarter. The China-based firm reported an adjusted net loss attributable to ordinary shareholders of RMB837.7M ($119.8M) compared to RMB430.8M in the corresponding quarter last year. The GAAP EPADS for the quarter were RMB28.65 ($4.10). Revenue also declined 15.2% year-...
Robert Way JinkoSolar Holding ( JKS ) declined more than 16% on Thursday after its adjusted net loss almost doubled in the fourth quarter. The China-based firm reported an adjusted net loss attributable to ordinary shareholders of RMB837.7M ($119.8M) compared to RMB430.8M in the corresponding quarter last year. The GAAP EPADS for the quarter were RMB28.65 ($4.10). Revenue also declined 15.2% year-over-year to RMB17.51B, or $2.50B. “In the fourth quarter, our gross margin decreased sequentially and our net loss expanded, impacted by factors including rising costs of raw materials such as polysilicon and silver, as well as foreign exchange rate fluctuations,” JinkoSolar's chairman and chief executive officer, Xiande Li, said. For the full year, the company reported an adjusted net loss of RMB3.14 billion ($448.6M) and total revenues of RMB65.50B ($9.37B), down 29.0% year-over-year. The management attributed the loss to “low module prices, the elimination of obsolete production capacity, and a still-evolving product mix.” The company has guided Q1 2026 module shipments to be in the range of 13.0 GW to 14.0 GW. For the entire year, it sees module shipments to be in the range of 75.0 GW to 85.0 GW, while ESS shipments are expected to more than double year-over-year. JinkoSolar expects its annual integrated production capacity to be 100 GW, including 14 GW overseas, by the end of 2026. JSK -14% to $20.83. More on JinkoSolar Holding JinkoSolar: Facing A Double-Edged Sword JinkoSolar Holding GAAP EPADS of -$4.10, revenue of $2.5B beats by $140M JinkoSolar Holding Q4 Earnings Preview Seeking Alpha’s Quant Rating on JinkoSolar Holding
Earnings Call Insights: Hooker Furnishings Corporation (HOFT) Q4 fiscal 2026 Management view "During the fourth quarter, we completed the previously announced sale of the Pulaski Furniture and Samuel Lawrence Furniture casegoods brands, part of our former Home Meridian segment." (CFO Earl Armstrong) "Consolidated net sales from continuing operations were $67 million, a decrease of $17.2 million or...
Earnings Call Insights: Hooker Furnishings Corporation (HOFT) Q4 fiscal 2026 Management view "During the fourth quarter, we completed the previously announced sale of the Pulaski Furniture and Samuel Lawrence Furniture casegoods brands, part of our former Home Meridian segment." (CFO Earl Armstrong) "Consolidated net sales from continuing operations were $67 million, a decrease of $17.2 million or about 21% compared to the prior year period." (CFO Armstrong) "Despite lower net sales, we reported operating income of $629,000 for the quarter." (CFO Armstrong) "Fiscal '26 was incredibly transformative as we navigated significant disruptive tariffs on our imports, opened a successful fulfillment warehouse in Asia and exited 2 unprofitable divisions, all while reducing fixed costs by about $26.3 million or 25%, of which approximately $17.5 million in fixed cost savings is related to continuing operations." (CEO Jeremy Hoff) "At the same time, we delivered slight market share growth overall... and launched our Margaritaville line, which is delivering on our expectations to be the most impactful product launch in company history." (CEO Hoff) "Late last year, we announced that our Board authorized a new share repurchase program under which the company intends to repurchase up to $5 million of our outstanding common shares beginning in fiscal '27." (CFO Armstrong) Outlook "We don't anticipate near-term meaningful improvement in conditions." (CEO Hoff) "However, with a more efficient cost structure and a streamlined portfolio, we believe we are positioned to report improved results even if current market conditions persist." (CEO Hoff) "Margaritaville product and gallery commitments continue to scale with shipments expected to begin in the second half of fiscal '27." (CEO Hoff) "After our fiscal year-end... the U.S. Supreme Court ruled that certain tariffs imposed under the International Emergency Economic Powers Act were not authorized by statute... [and] directed U.S. Custo...
The Securities and Exchange Commission asked for industry input on how to trim down the cost and scope of trading data that exchanges and brokers report to a centralized database. The so-called Consolidated Audit Trail, or the CAT, was created in the wake of the 2010 “flash crash” that briefly wiped almost $1 trillion off US stocks. The database aides the SEC in real-time market monitoring but the...
The Securities and Exchange Commission asked for industry input on how to trim down the cost and scope of trading data that exchanges and brokers report to a centralized database. The so-called Consolidated Audit Trail, or the CAT, was created in the wake of the 2010 “flash crash” that briefly wiped almost $1 trillion off US stocks. The database aides the SEC in real-time market monitoring but the CAT’s cost and scope of data have raised industry concerns over the years. “The Commission is aware of the need to address many aspects of the CAT, and public comment is a crucial piece of the comprehensive review currently under way,” Chairman Paul Atkins said in a statement on Thursday. The SEC head said last year he had asked staff to weigh measures to rein in the ballooning costs of the CAT. The cloud computing storage costs have increased as retail trades have piled into option trading. Those trades, including unfilled orders, all have to be sent to and stored by a consortium of exchanges and the Financial Industry Regulatory Authority, Wall Street’s self-regulatory watchdog. Annual costs for maintaining the market-tracking database have reached more than $248 million, according to the SEC’s concept release. The CAT consortium has revised its annual costs down to $156 million for fiscal year 2026 in light of recent changes the SEC made to help bring down the scope of data collected. In February 2025, the SEC dropped requirements for firms to report certain customer data to the CAT after critics said the data invaded traders’ privacy. Former SEC Commissioner Caroline Crenshaw , who was still at the agency at the time, said the move risked harming the agency’s ability to conduct investigations of suspicious trades. Citadel Securities and the American Securities Association filed a petition in March for a federal appeals court to review the SEC and the CAT consortium’s latest funding plan after they won a suit last year challenging the CAT’s funding structure.