After Virginia voters weighed in on Tuesday, the redistricting set off by President Trump to help the GOP in the midterms has been countered and possibly surpassed by Democrats.
After Virginia voters weighed in on Tuesday, the redistricting set off by President Trump to help the GOP in the midterms has been countered and possibly surpassed by Democrats.
Sumala Chidchoi/iStock via Getty Images The NYLI CBRE Global Infrastructure Megatrends Term Fund ( MEGI ) is a term closed-end fund designed to provide investors exposure to the global infrastructure market over a 12-year period ending on December 15, 2033. The strategy largely invests in growth markets tied to power, transportation, AI infrastructure, and midstream oil & gas, presenting an appeal...
Sumala Chidchoi/iStock via Getty Images The NYLI CBRE Global Infrastructure Megatrends Term Fund ( MEGI ) is a term closed-end fund designed to provide investors exposure to the global infrastructure market over a 12-year period ending on December 15, 2033. The strategy largely invests in growth markets tied to power, transportation, AI infrastructure, and midstream oil & gas, presenting an appealing portfolio of high fixed-asset companies that should exhibit durable growth over the coming years. Trading at a deep discount to NAV, MEGI may present an appealing opportunity to invest in a growing market at a lower cost of ownership for exposure; I am recommending MEGI with a "Buy" rating. Investment Thesis for MEGI Corporate Filings MEGI was designed to participate in the global megatrend of electrification and infrastructure development across multiple sectors and industries, including investments in utilities, data center REITs, midstream operators, and transportation, among others. From a high level, utilities are expected to invest $1.4 trillion in grid modernization and expansion over the next 5 years to facilitate the growing power demand for reindustrialization and data center development. For reference, the sector invested $1.3 trillion from 2015 to 2024, meaning that investments are accelerating and may facilitate greater growth in a shorter period of time. Translating this to operations, while the investments may impact balance sheets and cash flows in the near future as these investments are deployed, the long-term strategy is to increase the cash-generating base, which can deliver greater performance once fully developed. This means that utilities may increase their free cash flow base, backed by demand, and have a greater potential to return cash to shareholders through dividend distributions in the coming years, effectively repricing the once defensive stock strategy. Top companies held in the portfolio that should participate in this trend include Xcel ...
Getty Images As Middle East conflict rattles markets, we’re once again at a crossroads. AI’s long-run potential remains the primary economic and market driver, but lingering anxieties could create resistance in the transition from old to new economy. We still see upside, but more modest returns may be ahead. A Macro Picture That Refuses to Simplify Itself Equity markets posted their worst two-quar...
Getty Images As Middle East conflict rattles markets, we’re once again at a crossroads. AI’s long-run potential remains the primary economic and market driver, but lingering anxieties could create resistance in the transition from old to new economy. We still see upside, but more modest returns may be ahead. A Macro Picture That Refuses to Simplify Itself Equity markets posted their worst two-quarter stretch since 2022, and the macro picture refuses to simplify any further. Looking through yet another supply-side shock, inflation continues to make slow progress in key areas such as housing, tariff-sensitive goods and services non-housing. Economic growth is solid but narrow and could be the key economic risk if the war is prolonged. The bottom 90% of the K-shaped economy has struggled; a drawn-out conflict would exacerbate their affordability problem and, unlike previous shocks, affect the upper part of the “K.” The labor market remains in an uncomfortable balance. Much like growth, it’s vulnerable to a shock, though an uncomfortable balance is still a balance. How this “Holy Trinity” of inflation, growth and labor translates into monetary policy remains to be seen. Right now, the Federal Reserve sees the federal funds rate as “in the high end of neutral,” although we see rate cuts ahead, whether the war continues or not ( Display ). The Fed Still Sees Rate Cut(s) Ahead… and We Agree Number of Rate Hikes (+) vs. Cuts (–) Projected by Markets Current analysis does not guarantee future results. As of March 31, 2026 (Source: Bloomberg, Federal Reserve and AllianceBernstein (AB)) As Stocks Await Middle East Resolution, High-Conviction Areas Remain Equity markets are adjusting to a more uncertain world where geopolitics, inflation risks and AI disruption have converged. S&P 500 earnings expectations have jumped, with AI’s momentum resilient, while valuations have tumbled as the Iran war reverberates. Until the Middle East conflict resolves and energy markets stabilize, m...
Study Shows Some Humans Are Evolving To Be 'Foxier' Authored by David Randall via RealClearScience , The latest report from David Reich’s genetics lab at Harvard is that “ Ancient DNA reveals pervasive directional selection across West Eurasia .” In other words, humans have been continuing to evolve in Europe and the Middle East for the last 10,000 years, with significant effect. Reich’s paper bro...
Study Shows Some Humans Are Evolving To Be 'Foxier' Authored by David Randall via RealClearScience , The latest report from David Reich’s genetics lab at Harvard is that “ Ancient DNA reveals pervasive directional selection across West Eurasia .” In other words, humans have been continuing to evolve in Europe and the Middle East for the last 10,000 years, with significant effect. Reich’s paper broadly substantiates the thesis of Gregory Cochran and Henry Harpending’s The 10,000 Year Explosion: How Civilization Accelerated Human Evolution . Civilization hasn’t ended biological evolution, but proceeds alongside it. Reich’s genome-wide association study (GWAS) indicates that West Eurasians have increased or reduced their vulnerability to a variety of ailments. Genetic changes have rendered them less susceptible to leprosy, rheumatoid arthritis, bipolar disorder, and schizophrenia, and moreso to coeliac disease and gout. At the same time, there has been positive selection for fair skin, red hair, and intelligence, and negative selection for male-pattern baldness . In summary, West Eurasians have grown foxier, as the arc of their genetic history bends toward fluffy ginger genius. Reich’s conclusions are pretty likely to hold water. Too many scientific and social scientific fields have been affected by the irreproducibility crisis of modern science. The worst-hit disciplines use far too loose a definition of statistical significance, p < 0.05. Genome-wide association studies, by contrast, tend to use the extraordinarily tighter standard of p < 5 × 10^ −8. Reich lab’s research includes a variety of different standards of statistical significance, including some that are only of p < 8.9 × 10^ −5. That standard is orders of magnitude more reliable than most research. The data Reich’s lab can work with, after all, is remarkably bounteous. As the researchers wrote: [W]e increased power through a 14-fold increase in sample size, driven by 10,016 ancient individuals for whom we ...
Sundry Photography/iStock Editorial via Getty Images Investment Thesis Since my last coverage , SentinelOne Inc. ( S ) is down 22%. Competitive pressures, macroeconomic volatility, as well as revenue growth slowdown are the stock’s main risk drivers, while its AI-driven platform and overall technology edge deliver greater efficiency and cost savings for clients. Despite the price dive, I am still ...
Sundry Photography/iStock Editorial via Getty Images Investment Thesis Since my last coverage , SentinelOne Inc. ( S ) is down 22%. Competitive pressures, macroeconomic volatility, as well as revenue growth slowdown are the stock’s main risk drivers, while its AI-driven platform and overall technology edge deliver greater efficiency and cost savings for clients. Despite the price dive, I am still bullish about the company’s long-term performance. S1 won "Best Endpoint Security Solution" for 2026, leaving behind industry giants such as CrowdStrike ( CRWD ) and Microsoft ( MSFT ). In this article, I highlight why investors should avoid the revenue hypergrowth trap and focus on two major price performance catalysts: 1) cybersecurity efficiency and 2) profitability. Revenue Growth Slowdown and Unprofitability For the full year, S reported 22% YoY growth in both revenue and ARR, while maintaining a gross margin of 79%. The company achieved a milestone, given that it reported a positive operating margin for the first time in FY26. Q4’26 Investor Presentation The company’s expansion into large customers, with cross-selling solutions, appears to show strong momentum. Customers that use 3 or more of S’s products reached 65% in Q4’26, compared to 31% in FY24, while more than 4 are used by 42% and more than 5 by 22%, reflecting strong cross-selling momentum. Q4’26 Investor Presentation In more detail, S1’s total ARR of about $1.2B , with record net new ARR of $64M in Q4’26, contributed significantly to business lines except its traditional endpoint solutions. Cloud Security business holds over $160M in ARR, while data solutions (SIEM) surpassed $130 in ARR and Wayfinder Threat Services crossed $100M in ARR. ARR from Prompt Security doubled sequentially in Q4. It’s obvious that endpoint solutions are still the company’s main business line; however, the remaining products are starting to show strong revenue contribution and adoption. Notably, Cloud Security, Identity Security, a...
FinkAvenue/iStock Editorial via Getty Images About 6 months ago, I posted an article on Infineon ( IFNNY ) where I changed my rating to "BUY" - a rating upgrade. You can find that article here, and you can see that the investment has, since that time, more than 10x'ed the market. Because I did a relatively respectable investment at the time, I'm happy to say that this was a considerable "win" for ...
FinkAvenue/iStock Editorial via Getty Images About 6 months ago, I posted an article on Infineon ( IFNNY ) where I changed my rating to "BUY" - a rating upgrade. You can find that article here, and you can see that the investment has, since that time, more than 10x'ed the market. Because I did a relatively respectable investment at the time, I'm happy to say that this was a considerable "win" for me overall. I have now, as of this article, gone ahead and downgraded my target for the company, now considering it a "HOLD" - and not an especially attractive one at that. Seeking Alpha RoR Some companies you handle pretty "tightly" in terms of their PTs and FVs, their fair and price targets. I cited the potential for a market-beating 15% annualized or above, and that is exactly what materialized - though in a shorter time than expected. The trend in share price drop that you can see beginning in 2026, only to recover a relatively short time ago, was one that I experienced without selling - mostly because I, at the time, wasn't paying enough attention to how quickly it dropped. Following the drop, I set new price alerts, and when it recovered, I was ready. Following the company's trading at €48/share and above, my target was reached, and I went ahead and sold most of my stake yesterday. Today, I'm planning to sell the rest. In this article, I'll show you why. Infineon is a great company, and it's currently estimated to grow its earnings significantly - even in 2026E, to be sure. However, because I'm generally of a bearish mindset when it comes to specific end markets that the company caters to, the AI craze, and the data center sector, I remain of a conservative or careful mindset when investing here. While Infineon was incredibly attractive below €40/share and even below €35/share, it's of only limited appeal and value above €45/share. That's what we'll be focusing on here. Infineon Technologies - Thesis Materialization - I've Sold, and I'm Selling So, as mentioned, I'm d...
Alones Creative Oil futures moved higher Wednesday morning after President Donald Trump extended the ceasefire deadline with Iran and maintained the blockade of the country's ports until its leaders present what he called “a unified proposal.” Brent futures ( CO1:COM ) briefly rose above $100 a barrel after scheduled talks in Islamabad failed to materialize, leaving the Strait of Hormuz largely cl...
Alones Creative Oil futures moved higher Wednesday morning after President Donald Trump extended the ceasefire deadline with Iran and maintained the blockade of the country's ports until its leaders present what he called “a unified proposal.” Brent futures ( CO1:COM ) briefly rose above $100 a barrel after scheduled talks in Islamabad failed to materialize, leaving the Strait of Hormuz largely closed. Vice President Vance did not depart for Pakistan, where peace talks with Iran were supposed to resume, while Iranian officials have not publicly committed to participating in talks. At press time, Brent ( CO1:COM ) was up 1% to $99.9 a barrel, while WTI Crude oil futures ( CL1:COM ) were up 1.6% to $91.08 a barrel. Although oil prices have eased from their March highs, they remain well above pre-war levels, fueling concerns that elevated energy costs could reignite inflation and keep global interest rates higher for longer. “The oil market is primarily trading as a geopolitical asset rather than a classic supply-demand balance instrument. Any news surrounding the U.S. and Iran, as well as the Strait of Hormuz, triggers sharp upside moves on supply disruption risks and equally rapid pullbacks on de-escalation,” said SA columnist Traders Union. U.S. natural gas futures ( NG1:COM ) also edged higher Wednesday morning, up +1.17% to $2.73/MMBtu. ETF: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( UNG ), ( BOIL ), ( KOLD ), ( UNL ), ( FCG ), ( XLE ) More on Brent Futures, Crude Oil Futures, etc. A New Era For The Fed? Looking Back On Kevin Warsh's U.S. Senate Hearing And Market Reactions U.S. Crude Remains Under Pressure As Bulls Stay Cautious A Primer On Putting Energy Companies Into A Portfolio Oil moves higher on Iran uncertainty; Trump extends ceasefire but maintains blockade U.S. crude stockpiles fell 4.4M barrels last week, API says
Wolterk SK hynix ( HXSCL ) is planning to invest 19T won (about $12.85B) in a new manufacturing facility in South Korea for advanced packaging to meet the growing demand for AI memory, with construction starting this month, Reuters reported. The South Korean tech giant said the new fab plant will be dedicated to advanced packaging, a process required for making AI memory products such as h...
Wolterk SK hynix ( HXSCL ) is planning to invest 19T won (about $12.85B) in a new manufacturing facility in South Korea for advanced packaging to meet the growing demand for AI memory, with construction starting this month, Reuters reported. The South Korean tech giant said the new fab plant will be dedicated to advanced packaging, a process required for making AI memory products such as high-bandwidth memory, or HBM, chips, the report added . SK hynix and compatriot Samsung Electronics ( SSNLF ) are among the largest memory chipmaking companies in the world. SK hynix is a major supplier of HBM chips to Nvidia ( NVDA ). Samsung and American company Micron Technology ( MU ) also compete with SK hynix in this space. On Wednesday, SK hynix carried out a groundbreaking ceremony for its P&T7 (Package & Test) facility, which will be built in Cheongju Technopolis Industrial Complex in Oebuk-dong, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, South Korea. "P&T7 is the core production base that will complete SK hynix’s AI memory leadership. We will focus our manufacturing capabilities to ensure that the advanced products manufactured here set the standard for global AI infrastructure," said Byeonggi Lee, head of manufacturing at SK hynix. SK hynix did not immediately respond to a request for comment from Seeking Alpha about the amount of investment and if the plant mentioned in the Reuters story is the same as P&T7. More on SK hynix SK hynix starts mass producing high-capacity memory for Nvidia Vera Rubin platform SK Hynix rallies after Samsung flags AI-driven earnings surge Financial information for SK Hynix
‘Handful’ of people allegedly gain unauthorised access to model adept at detecting cybersecurity vulnerabilities Business live – latest updates The AI developer Anthropic has confirmed it is investigating a report that unauthorised users have gained access to its Mythos model, which it has warned poses risks to cybersecurity . The US startup made the statement after Bloomberg reported on Wednesday...
‘Handful’ of people allegedly gain unauthorised access to model adept at detecting cybersecurity vulnerabilities Business live – latest updates The AI developer Anthropic has confirmed it is investigating a report that unauthorised users have gained access to its Mythos model, which it has warned poses risks to cybersecurity . The US startup made the statement after Bloomberg reported on Wednesday that a small group of people had accessed the model, which has not been released to the public because of its ability to enable cyber-attacks . Continue reading...
格隆汇4月22日丨据中国贸易救济信息网，4月22日，韩国企划财政部发布第2026-76号公告，决定对原产于中国的丙烯酸丁酯（Butyl Acrylate）征收临时反倾销税，以下出口商/生产商及其关联企业税率为9.53%至19.17%，具体如下：泰兴市昇科化工有限公司（Taixing Sunke Chemicals Co., Ltd.）为11.88%、上海华谊新材料有限公司（Shanghai Huayi New Material Co., Ltd.）为9.53%、平湖石化有限责任公司（Pinghu Petro Chemical Co., Ltd.）和其他生产商/出口商为19.17%。措施自2026年4月22日起生效，有效期为四个月，至2026年8月21日。涉案产品的韩国税号为2916.12.3000。公告自发布之日起生效。