In this episode of Trader Talk, host Kenny Polcari is joined by Amy Wu Silverman, RBC Capital Markets Head of Derivatives Strategy, Kevin Kelly, Kelly Intelligence Founder, CEO, and CCO, and former Ellevest Head of People Ops, Amanda Polcari, to analyze the current disconnect between geopolitical tensions and market volatility. The VIX remains surprisingly subdued as investors look past short-term...
In this episode of Trader Talk, host Kenny Polcari is joined by Amy Wu Silverman, RBC Capital Markets Head of Derivatives Strategy, Kevin Kelly, Kelly Intelligence Founder, CEO, and CCO, and former Ellevest Head of People Ops, Amanda Polcari, to analyze the current disconnect between geopolitical tensions and market volatility. The VIX remains surprisingly subdued as investors look past short-term chaos toward earnings and Fed policy, but can it last?
OpenAI has hired its first managing director to oversee operations in Europe, helping guide its expansion in a key market where there are mounting political concerns about being overly reliant on US artificial intelligence services. Emmanuel Marill will be OpenAI’s top executive for Europe, the Middle East and Africa, the company said on Wednesday. The French executive joins from Airbnb Inc. , whe...
OpenAI has hired its first managing director to oversee operations in Europe, helping guide its expansion in a key market where there are mounting political concerns about being overly reliant on US artificial intelligence services. Emmanuel Marill will be OpenAI’s top executive for Europe, the Middle East and Africa, the company said on Wednesday. The French executive joins from Airbnb Inc. , where he served in a similar regional role, and will be based in OpenAI’s Paris office. “As demand for ChatGPT and Codex continues to grow rapidly all over the world, we are investing significantly in our international leadership and operations,” Jason Kwon , OpenAI’s Chief Strategy Officer, said in a statement, referring to the company’s flagship chatbot and programming tool. Marill will report to Kwon. OpenAI is pushing to convince more businesses in the US and abroad to pay for its AI software, offsetting the immense cost of building new models. In Europe, the company and its US peers are facing resistance from officials and some corporate leaders who argue that adopting American technology undercuts the continent’s sovereignty. French startup Mistral AI , which makes some models that compete with OpenAI, pitches itself as a European alternative to US firms. At the same time, there is some uncertainty about OpenAI’s plans to expand its data center footprint in the region. Earlier this month, OpenAI paused its Stargate infrastructure project in the UK, citing regulation and energy costs. Microsoft Corp. , a major OpenAI backer, also agreed to rent data center capacity in Norway that was initially set for a Stargate site. OpenAI said it continues to explore a computing agreement there, however. Marill, who previously worked in France for Facebook and Groupon Inc. , will also manage OpenAI’s trajectory in the Middle East, where the company has bet heavily on the United Arab Emirates. G42 , the company’s partner in the country on plans for a massive data center , recently said ...
Germany’s economy , Europe’s largest, probably expanded slightly in the first quarter though was weighed down by the Iran war and longstanding structural issues, according to the Bundesbank. Output probably advanced “modestly” thanks to rising industrial revenue and goods exports, the central bank said Wednesday in its monthly report. Services should have also contributed positively to growth, whi...
Germany’s economy , Europe’s largest, probably expanded slightly in the first quarter though was weighed down by the Iran war and longstanding structural issues, according to the Bundesbank. Output probably advanced “modestly” thanks to rising industrial revenue and goods exports, the central bank said Wednesday in its monthly report. Services should have also contributed positively to growth, while private consumption is likely to have weakened. A first estimate for gross domestic product in the three months through March is due on April 30. Economists in a Bloomberg survey anticipate a 0.2% gain. The Iran war and blockade of the Strait of Hormuz are aggravating Germany’s economic challenges as it grapples with US tariffs, Chinese competition and a transition away from fossil fuels. Business sentiment has soured and inflation expectations have increased — an ominous combination that’s put the government on edge. The government in Berlin recently unveiled €1.6 billion ($1.9 billion) in fuel-price relief, and Chancellor Friedrich Merz said Sunday that his coalition has further measures prepared should the situation escalate. “The negative effects of the war in the Middle East are likely to be felt largely only later on,” the Bundesbank said. “Looking ahead to the second quarter, the current outlook suggests another modest expansion, at best.” While expansionary fiscal policy is set to provide “increasingly positive impulses,” the war will weigh “more broadly and noticeably” on the economy, it warned. Inflation is likely to remain “significantly elevated” in the months ahead. German Investor Outlook Drops to Worst Since 2022 on Iran War Iran War Threatens to Halt Industrial Production Lines in Europe Germany Agrees on €1.6 Billion Fuel-Cost Relief Package (2)
When Warren Buffett offers investing advice, it pays to listen. The stock market has been especially confusing lately, with the S&P 500 (SNPINDEX: ^GSPC) reaching record highs, new lows, and then more record highs all within a matter of weeks. While even Buffett can't predict what the market will do throughout the rest of 2026, he can offer some timeless advice to guide investors through the ups a...
When Warren Buffett offers investing advice, it pays to listen. The stock market has been especially confusing lately, with the S&P 500 (SNPINDEX: ^GSPC) reaching record highs, new lows, and then more record highs all within a matter of weeks. While even Buffett can't predict what the market will do throughout the rest of 2026, he can offer some timeless advice to guide investors through the ups and downs. Image source: The Motley Fool. Continue reading
(Bloomberg) -- OpenAI has hired its first managing director to oversee operations in Europe, helping guide its expansion in a key market where there are mounting political concerns about being overly reliant on US artificial intelligence services. Most Read from BloombergInside Alex Cooper’s Unwell: Tears, Screaming and Employees Looking for the ExitAnthropic’s Mythos Model Is Being Accessed by Un...
(Bloomberg) -- OpenAI has hired its first managing director to oversee operations in Europe, helping guide its expansion in a key market where there are mounting political concerns about being overly reliant on US artificial intelligence services. Most Read from BloombergInside Alex Cooper’s Unwell: Tears, Screaming and Employees Looking for the ExitAnthropic’s Mythos Model Is Being Accessed by Unauthorized UsersTrump Extends Iran Ceasefire, Keeps Blockade as Talks FalterKuwait Declares Further
Vertiv press release ( VRT ): Q1 Non-GAAP EPS of $1.17 beats by $0.16 . Revenue of $2.65B (+29.9% Y/Y) in-line. Full Year 2026 Guidance Expect net sales of $13,500 to $14,000 million vs $13.7B, with organic sales growth of 29% to 31% compared to 2025 Expect full year 2026 diluted EPS of $5.60 to $5.70 and adjusted diluted EPS of $6.30 to $6.40 ($6.16 consensus), an increase of 66% and 51%, respect...
Vertiv press release ( VRT ): Q1 Non-GAAP EPS of $1.17 beats by $0.16 . Revenue of $2.65B (+29.9% Y/Y) in-line. Full Year 2026 Guidance Expect net sales of $13,500 to $14,000 million vs $13.7B, with organic sales growth of 29% to 31% compared to 2025 Expect full year 2026 diluted EPS of $5.60 to $5.70 and adjusted diluted EPS of $6.30 to $6.40 ($6.16 consensus), an increase of 66% and 51%, respectively, at the midpoint compared to full year 2025 Shares -2% PM. More on Vertiv Vertiv Q1 Earnings Preview - Why This AI Enabler Remains A Buy Vertiv: The $15 Billion Backlog, Liquid Cooling Dominance, And The AI Infrastructure Trade Wall Street Is Still Underpricing Vertiv: The Hyperscaler Spending Trade Vertiv Q1 2026 Earnings Preview Select industrials hit 52-wk highs as investors chase power, pricing, turnaround stories
jurgenfr/iStock via Getty Images It has been over four months since I last covered Vertex Pharmaceuticals ( VRTX ), where I discussed how the company was still the unquestionable leader in cystic fibrosis (CF) but was working to diversify into pain, kidney disease, and cell and gene therapies. At the time, I was bullish on the company's strong financial position to back several potential launches ...
jurgenfr/iStock via Getty Images It has been over four months since I last covered Vertex Pharmaceuticals ( VRTX ), where I discussed how the company was still the unquestionable leader in cystic fibrosis (CF) but was working to diversify into pain, kidney disease, and cell and gene therapies. At the time, I was bullish on the company's strong financial position to back several potential launches between 2026 and 2028. Although I have confidence in Vertex’s commercial prowess for CF, it is fair to question whether they could clone that dominance in a multi-franchise portfolio. Well, that question has gone from theoretical to tangible. The company's CF business has continued to strengthen thanks to ALYFTREK's commercial launch and their expansion into new populations and geographies. At the same time, Vertex has stepped beyond CF, with JOURNAVX showing traction and CASGEVY making headway. More importantly, the company’s renal pipeline took a big step forward with Phase III data and a regulatory path ahead. So, Vertex is no longer defined by a single franchise but now has new products helping drive growth, and renal has the prospects to reshape the VRTX thesis. Sadly, it looks as if the market is not as bullish on Vertex’s ability to replicate their CF success in other arenas. I believe the company will show signs of a successful transition in their Q1 earnings on May 4 th . I’m looking to add to my position as we approach the Q1 earnings report. Likewise, I intend to discuss the dynamic between Vertex's CF franchise and their attempts to diversify into other arenas. Then, I will preview the company’s Q1 earnings and what investors should be looking for in the press release and earnings call. In addition, I will point out some downside risks that investors need to consider when managing their position. Finally, I take a look at VRTX's daily chart to see if I can identify an opportunity to grab some shares below my “Buy Threshold” of $443.07. Cystic Fibrosis Is Still t...
primeimages/E+ via Getty Images Dear Partners, I. The World As We Found It The first quarter of 2026 will be remembered for two things. The first was geopolitical: U.S. and Israeli forces launched coordinated strikes on Iran in late February, killing the Supreme Leader and introducing an extreme level of instability into global markets. The second was structural: the software sector experienced a ...
primeimages/E+ via Getty Images Dear Partners, I. The World As We Found It The first quarter of 2026 will be remembered for two things. The first was geopolitical: U.S. and Israeli forces launched coordinated strikes on Iran in late February, killing the Supreme Leader and introducing an extreme level of instability into global markets. The second was structural: the software sector experienced a broad and, in our view, largely indiscriminate repricing. The market’s implicit thesis was sweeping: that AI would erode the margins of every software business, that large enterprises would simply build their own tools, and that the moats investors had spent years paying premiums for would be rendered obsolete overnight. Some of that fear is not wholly unreasonable, and yes, there will be casualties. Businesses selling shallow, easily replicable products are right to be worried. But the market seemed to apply this logic like a paint roller when it required a scalpel. This is also a function of how, in the short term, markets have become increasingly beta-driven. Selling across sectors has grown more indiscriminate as passive holdings and algo-driven orders now dominate flows. For us, this is ultimately a positive — it creates additional inefficiencies, and inefficiencies can create opportunity. The software businesses with deep workflow integration, proprietary data, and switching costs embedded in the daily operations of their customers are, in many cases, actually made stronger. For these firms, AI will become another layer of capability they can offer or a way to improve their own processes and expand their customer value proposition. Taken together, these two forces produced one of the more disorienting macro environments in recent memory. They also produced, in our view, one of the more compelling buying opportunities we have seen in some time. There is also a third story hiding in plain sight, and one that is necessary for long-term investors to grapple with: the conc...
Connected Vehicles & Consumer Demand Propel In-car Wi-Fi Market; Hardware & 4G LTE Lead Growth Amid Mobility Integration In-Car Wi-Fi Market In-Car Wi-Fi Market Dublin, April 22, 2026 (GLOBE NEWSWIRE) -- The "In-Car Wi-Fi Market Opportunity, Growth Drivers, Industry Trend Analysis and Forecast 2026-2035" report has been added to ResearchAndMarkets.com's offering.The Global In-car Wi-Fi Market was ...
Connected Vehicles & Consumer Demand Propel In-car Wi-Fi Market; Hardware & 4G LTE Lead Growth Amid Mobility Integration In-Car Wi-Fi Market In-Car Wi-Fi Market Dublin, April 22, 2026 (GLOBE NEWSWIRE) -- The "In-Car Wi-Fi Market Opportunity, Growth Drivers, Industry Trend Analysis and Forecast 2026-2035" report has been added to ResearchAndMarkets.com's offering.The Global In-car Wi-Fi Market was valued at USD 19.7 billion in 2025 and is estimated to grow at a CAGR of 9.6% to reach USD 47.7 bill
VV Shots/iStock Editorial via Getty Images By Kelvin Wong Tesla ( TSLA ), the first US mega-cap stock (the Magnificent 7 group), will report its Q1 2026 earnings results after the close of today’s (Wednesday, 22 Apr 2026) US trading session. The consensus forecast anticipates a slight increase in earnings growth, from $ 0.27 to $0.35 earnings per share (EPS) in Q1, representing a 30% rise over the...
VV Shots/iStock Editorial via Getty Images By Kelvin Wong Tesla ( TSLA ), the first US mega-cap stock (the Magnificent 7 group), will report its Q1 2026 earnings results after the close of today’s (Wednesday, 22 Apr 2026) US trading session. The consensus forecast anticipates a slight increase in earnings growth, from $ 0.27 to $0.35 earnings per share (EPS) in Q1, representing a 30% rise over the same quarter a year ago. Tesla has lagged the market and is the worst performer among the Magnificent 7 Fig. 1: Magnificent 7 & US stock indices YTD performances as of 21 Apr 2026 (Source: MacroMicro). Fig. 2: Magnificent 7 & US stock indices performances from 27 Feb 2026 to 21 Apr 2026 (Source: MacroMicro). Since the ceasefire of the US-Iran war on 8 April 2026, the bullish animal spirits have reemerged in the US stock market, as the Magnificent 7 group of mega-cap stocks rallied, taking reference from the pre-war baseline of 27 February 2026 to Tuesday, 21 April 2026, led by Amazon (+19%), Nvidia (+12.8%), and Microsoft (+8%). In contrast, Tesla underperformed, with a loss of 4%, and it also underperformed year-to-date (as of April 21, 2026), with a double-digit loss of 14.1% (see Fig. 1 & Fig. 2). Medium-term technical outlook of Tesla (1 to 3 weeks) Fig. 3: Tesla medium-term trend as of 21 Apr 2026 (Source: TradingView). Bearish bias below 417.40 key medium-term pivotal resistance. A break below 363.80 intermediate support opens the scope for further potential weakness to expose the medium-term supports at 337.25/328.20 (also the 61.8% Fibonacci retracement of prior up move from 7 April 2025 low to 22 December 2025 high) and 300.05/288.80 (also the 76.4% Fibonacci retracement of prior up move from 7 April 2025 low to 22 December 2025 high) (see Fig. 3). On the flip side, a clearance with a daily close above 417.40 invalidates the bearish scenario for a further recovery towards 437.40/450.20, followed by a potential retest at its current all-time high of 498.83. Key ele...
VV Shots/iStock Editorial via Getty Images By Kelvin Wong Tesla ( TSLA ), the first US mega-cap stock (the Magnificent 7 group), will report its Q1 2026 earnings results after the close of today’s (Wednesday, 22 Apr 2026) US trading session. The consensus forecast anticipates a slight increase in earnings growth, from $ 0.27 to $0.35 earnings per share (EPS) in Q1, representing a 30% rise over the...
VV Shots/iStock Editorial via Getty Images By Kelvin Wong Tesla ( TSLA ), the first US mega-cap stock (the Magnificent 7 group), will report its Q1 2026 earnings results after the close of today’s (Wednesday, 22 Apr 2026) US trading session. The consensus forecast anticipates a slight increase in earnings growth, from $ 0.27 to $0.35 earnings per share (EPS) in Q1, representing a 30% rise over the same quarter a year ago. Tesla has lagged the market and is the worst performer among the Magnificent 7 Fig. 1: Magnificent 7 & US stock indices YTD performances as of 21 Apr 2026 (Source: MacroMicro). Fig. 2: Magnificent 7 & US stock indices performances from 27 Feb 2026 to 21 Apr 2026 (Source: MacroMicro). Since the ceasefire of the US-Iran war on 8 April 2026, the bullish animal spirits have reemerged in the US stock market, as the Magnificent 7 group of mega-cap stocks rallied, taking reference from the pre-war baseline of 27 February 2026 to Tuesday, 21 April 2026, led by Amazon (+19%), Nvidia (+12.8%), and Microsoft (+8%). In contrast, Tesla underperformed, with a loss of 4%, and it also underperformed year-to-date (as of April 21, 2026), with a double-digit loss of 14.1% (see Fig. 1 & Fig. 2). Medium-term technical outlook of Tesla (1 to 3 weeks) Fig. 3: Tesla medium-term trend as of 21 Apr 2026 (Source: TradingView). Bearish bias below 417.40 key medium-term pivotal resistance. A break below 363.80 intermediate support opens the scope for further potential weakness to expose the medium-term supports at 337.25/328.20 (also the 61.8% Fibonacci retracement of prior up move from 7 April 2025 low to 22 December 2025 high) and 300.05/288.80 (also the 76.4% Fibonacci retracement of prior up move from 7 April 2025 low to 22 December 2025 high) (see Fig. 3). On the flip side, a clearance with a daily close above 417.40 invalidates the bearish scenario for a further recovery towards 437.40/450.20, followed by a potential retest at its current all-time high of 498.83. Key ele...