Erling Haaland and Rayan Cherki strike as Manchester City beat league leaders Arsenal to close the gap to three points with a game in hand and pile more pressure on Mikel Arteta's side.
Erling Haaland and Rayan Cherki strike as Manchester City beat league leaders Arsenal to close the gap to three points with a game in hand and pile more pressure on Mikel Arteta's side.
PM Images/DigitalVision via Getty Images Investment Strategy Primarily invests in growth equity securities of companies of any size identified through our fundamental research as demonstrating promising growth potential. Seeks long-term capital appreciation. Portfolio Management Patrick Kelly, CFA Executive Vice President Portfolio Manager, Head of Alger Capital Appreciation and Spectra Strategies...
PM Images/DigitalVision via Getty Images Investment Strategy Primarily invests in growth equity securities of companies of any size identified through our fundamental research as demonstrating promising growth potential. Seeks long-term capital appreciation. Portfolio Management Patrick Kelly, CFA Executive Vice President Portfolio Manager, Head of Alger Capital Appreciation and Spectra Strategies Dan Chung, CFA Chief Executive Officer, Chief Investment Officer, Portfolio Manager Dr. Ankur Crawford Executive Vice President Portfolio Manager Benchmark Russell 1000 Growth Index Highlights During the first quarter of 2026, the largest portfolio sector weightings were Information Technology and Communication Services. The largest sector overweight was Information Technology and the largest sector underweight was Financials. The Information Technology and Financials sectors contributed to relative performance while Consumer Discretionary and Utilities were among sectors that detracted from relative performance. Market Environment U.S. equities endured a turbulent first quarter, with the S&P 500 Index declining 4.33% as two distinct forces converged to reshape the investment landscape. The period began with a sharp recalibration across the software industry, as the emergence of agentic artificial intelligence (AI) tools raised questions about the durability of traditional software business models. Investors moved swiftly to reprice companies most exposed to AI disruption, triggering a broad sell-off that weighed heavily on the technology-heavy corners of the market. The dislocation also spilled into private credit, where several firms with outsized exposure to software faced redemption pressures. Despite this turbulence, the underlying economy remained strong through the opening months of the year — consumers continued to spend, and expectations held firm for another quarter of solid earnings growth within the S&P 500 Index. The second, and more consequential, disruption ...
Trump's Cryptic "The End Is Near" Post Sends Internet Into A Frenzy Authored by Steve Watson via Modernity.news, In a development that quickly fueled online speculation, President Trump posted a video of Frank Sinatra performing his signature hit “My Way” on social media with no accompanying text or explanation. The move came just hours after he convened a high-level meeting in the White House Sit...
Trump's Cryptic "The End Is Near" Post Sends Internet Into A Frenzy Authored by Steve Watson via Modernity.news, In a development that quickly fueled online speculation, President Trump posted a video of Frank Sinatra performing his signature hit “My Way” on social media with no accompanying text or explanation. The move came just hours after he convened a high-level meeting in the White House Situation Room to discuss the ongoing standoff with Iran over the Strait of Hormuz. The post featured the classic track whose lyrics speak of independence and resolve. While Trump has long used the song at rallies, inaugurals, and even as Air Force One departed at the end of his first term, its sudden appearance amid rising tensions drew immediate attention. Trump posted a video of Frank Sinatra performing “My Way”. “And now, the end is near / And so I face the final curtain… ?Regrets, I’ve had a few / But then again, too few to mention… ?I did it my way.” pic.twitter.com/9y4aPnloZj — Clash Report (@clashreport) April 19, 2026 I just woke up to this ? Should I laugh or head to a bunker? pic.twitter.com/OLDXdQdLaZ — Mario Nawfal (@MarioNawfal) April 19, 2026 Donald Trump posting Frank Sinatra’s “My Way” has to mean something right… “The end is near and so I face the final curtain.” Is he dying? Is he stepping down? Or is he just trolling us? pic.twitter.com/DtDvAYjW9Q — Power to the People ?? (@ProudSocialist) April 19, 2026 Trump on an apparent sentimental bender last night posted Sinatra's My Way on TruthSocial. Whoa. Get inside of his mind and listen to these lyrics. "and now the end is near…" end of everything type references. Trump dealing with his mortality? Something we should know about?? pic.twitter.com/lu9GjTfg6p — IncarcerNation.com (@IncarcerNation) April 19, 2026 this one is far Worst than his end of the whole civilization threat. Donald Trump is becoming so erratic and unstable. pic.twitter.com/thlIdCaf8K — Mars Jupiter (@sen_ven49488) April 19, 2026 This latest s...
Intel (INTC) stock has been in focus after a multiyear AI and cloud collaboration with Google and participation in Elon Musk’s Terafab project, two high profile moves that have reshaped recent investor expectations. See our latest analysis for Intel. The recent Google AI and cloud collaboration, along with Intel’s role in Elon Musk’s Terafab project, has coincided with sharp momentum, including a ...
Intel (INTC) stock has been in focus after a multiyear AI and cloud collaboration with Google and participation in Elon Musk’s Terafab project, two high profile moves that have reshaped recent investor expectations. See our latest analysis for Intel. The recent Google AI and cloud collaboration, along with Intel’s role in Elon Musk’s Terafab project, has coincided with sharp momentum, including a 56.14% 1 month share price return and a very large 1 year total shareholder return. This signals...
The first major failure of Blue Origin's new heavy-launch system could create delays to its ambition to help NASA and the Trump administration return to the Moon.
The first major failure of Blue Origin's new heavy-launch system could create delays to its ambition to help NASA and the Trump administration return to the Moon.
AntonioGuillem/iStock via Getty Images UBS on Friday initiated coverage of Amneal Pharmaceuticals ( AMRX ) with a Buy rating and a $19 price target, saying the stock offers one of the strongest growth profiles in specialty pharmaceuticals and could see a valuation re-rating after a recent pullback. Shares had fallen about 14% over the prior two months, which UBS said created an attractive entry po...
AntonioGuillem/iStock via Getty Images UBS on Friday initiated coverage of Amneal Pharmaceuticals ( AMRX ) with a Buy rating and a $19 price target, saying the stock offers one of the strongest growth profiles in specialty pharmaceuticals and could see a valuation re-rating after a recent pullback. Shares had fallen about 14% over the prior two months, which UBS said created an attractive entry point for investors looking for a mix of stable base revenue and faster-growing products. Parkinson’s portfolio seen as key growth driver UBS analysts led by Ashwani Verma expect Amneal’s ( AMRX ) specialty segment to post a 6% compound annual growth rate from 2025 through 2030, ahead of the 4% consensus estimate. The firm pointed to strong uptake of Crexont, a Parkinson’s treatment launched in late 2024, and a slower-than-expected decline in older drug Rytary. The bank estimates Crexont could generate about $440 million in sales by 2030, above Street forecasts near $390 million. UBS also said newly launched migraine therapy Brekiya could eventually reach roughly $80 million in peak sales. Generics and biosimilars pipeline adds upside UBS forecasts Amneal’s ( AMRX ) affordable medicines unit, which includes generics and biosimilars, will grow 9% annually through 2030, above the 7% consensus view. Analysts highlighted launches including iohexol, bimatoprost, sodium oxybate and a biosimilar version of Xolair. The report also said upcoming patent expirations across branded pharmaceuticals could open an estimated $80 billion market opportunity for generic and biosimilar competitors through the next several years. Margin expansion and lower leverage expected UBS expects branded product growth to help expand operating margins by 300 basis points over five years. The bank also sees leverage improving, with net debt to ebitda falling below 3 times in the near term. Valuation still modest, UBS says At roughly 11 times expected 2027 earnings, UBS said the current valuation implies only...
Liverpool captain Virgil van Dijk scores a 100th-minute winner to secure an important victory against Everton in the first Merseyside Derby at The Hill Dickinson Stadium.
Liverpool captain Virgil van Dijk scores a 100th-minute winner to secure an important victory against Everton in the first Merseyside Derby at The Hill Dickinson Stadium.
Tammy Abraham's late winner helps Aston Villa survive a late Sunderland fightback and give Unai Emery's side a crucial 4-3 victory in their quest for Champions League football next season.
Tammy Abraham's late winner helps Aston Villa survive a late Sunderland fightback and give Unai Emery's side a crucial 4-3 victory in their quest for Champions League football next season.
Bond traders who’ve grown more optimistic about an end to the Iran conflict see their next catalyst coming from Capitol Hill, where Kevin Warsh will face questions as President Donald Trump ’s pick to lead the Federal Reserve. A brief reopening of the Strait of Hormuz and the promise of renewed US-Iran peace talks sparked a rally in Treasuries to end last week, with traders boosting their expectat...
Bond traders who’ve grown more optimistic about an end to the Iran conflict see their next catalyst coming from Capitol Hill, where Kevin Warsh will face questions as President Donald Trump ’s pick to lead the Federal Reserve. A brief reopening of the Strait of Hormuz and the promise of renewed US-Iran peace talks sparked a rally in Treasuries to end last week, with traders boosting their expectations for a Fed interest-rate cut by year-end. The US two-year yield, which had been trading above the central bank’s current ceiling of 3.75% amid the war-related surge in oil, once again dipped backed below it as crude receded. The big move Friday was “justified because the rates market was still pricing in higher energy prices amid an above target inflation backdrop which would constrain the Fed,” said Priya Misra , portfolio manager at JPMorgan Asset Management, which has been adding inflation-sensitive longer-dated securities to portfolios. “If oil prices continue to fall, the market can start pricing in gradual Fed rate cuts.” Even as developments in the Middle East continue to set the tone for Treasuries — including new uncertainties around the status of Hormuz that arose over the weekend — Tuesday’s Senate confirmation hearing for Warsh has market-moving potential. Just before the US-Israeli attack on Iran in late February, Treasuries had been rallying in part on the prospect that Warsh — who voiced support for lower interest rates before gaining Trump’s nomination at the end of January — would push for easing monetary policy later this year. Any sense that he’d be inclined to stick to that view and look through the war-driven energy shock may further juice wagers on cuts, and boost rate-sensitive short-dated Treasuries. Caution on inflation, though, might spark a reversal. “A key question for markets is how heavily Warsh will advocate rate cuts,” said a Morgan Stanley team including Michael Gapen and Lingdi Xu . Calming Down Yields on US Treasuries had settled into ...
syahrir maulana/iStock via Getty Images Dear Partners, The first quarter of 2026 gave investors plenty to worry about. Rising tensions in the Middle East pushed oil prices higher, inflation concerns resurfaced, and the long-anticipated pivot to lower interest rates continues to be postponed. Markets, never short on imagination, have begun spinning familiar narratives: that expensive money punishes...
syahrir maulana/iStock via Getty Images Dear Partners, The first quarter of 2026 gave investors plenty to worry about. Rising tensions in the Middle East pushed oil prices higher, inflation concerns resurfaced, and the long-anticipated pivot to lower interest rates continues to be postponed. Markets, never short on imagination, have begun spinning familiar narratives: that expensive money punishes growth, that AI’s promises may exceed its near-term returns, and that the safer bet lies in energy, cyclicals, and businesses whose cash flows arrive sooner rather than later. There is also a growing fear that AI itself may disrupt entire categories of existing software businesses — rendering yesterday’s winners obsolete overnight. We will not pretend these concerns are frivolous. They are not. When the cost of capital rises, the arithmetic of investing genuinely changes — a dollar earned a decade from now is worth less today than it was in a world of cheap money. That is not opinion; it is math. And we have always believed in taking math seriously. But here is what we have also learned, after watching markets swing from greed to panic across many cycles: the headlines that feel most urgent are rarely the ones that determine long-term outcomes. The businesses that compound wealth over decades do so not because they were spared from difficult environments, but because they were built to endure them. We have spent the past decade building a portfolio of exactly that kind. None of what we are seeing today is new. Different costumes, same play. Performance in Context During the first quarter, Rowan Street declined 19.8%, compared to a 4.3% decline for the S&P 500. That is not a result we enjoy reporting. At the same time, it reflects the more concentrated approach we take and is not unusual for portfolios built around a smaller number of high-conviction investments. We invest in a focused group of businesses that we believe can compound value at attractive rates over long peri...
Senator John Kennedy of Louisiana, a long supporter of Trump, says president’s feud with the pope is a ‘distraction’ A Republican lawmaker has condemned what he refers to as Donald Trump’s “holy war” against Pope Leo XIV. Senator John Kennedy of Louisiana, a long supporter of Trump and the ultraconservative Maga movement, condemned the president’s attacks on the pope during a Fox News interview on...
Senator John Kennedy of Louisiana, a long supporter of Trump, says president’s feud with the pope is a ‘distraction’ A Republican lawmaker has condemned what he refers to as Donald Trump’s “holy war” against Pope Leo XIV. Senator John Kennedy of Louisiana, a long supporter of Trump and the ultraconservative Maga movement, condemned the president’s attacks on the pope during a Fox News interview on Saturday . Continue reading...
Canadian Prime Minister Mark Carney said in a video address released on Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected. In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries. “The world is mo...
Canadian Prime Minister Mark Carney said in a video address released on Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected. In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries. “The world is more dangerous and divided,” Carney said. “The US has fundamentally changed its approach to trade,...