Combining the listings on the Nasdaq stock exchange, the New York Stock Exchange (NYSE), and the over-the-counter (OTC) markets, over 12,000 stocks are trading in the U.S. That number is certainly large enough to ensure plenty of promising names go overlooked or underappreciated. Arguably, that's the plight of refiner Delek US Holdings (NYSE: DK) . At a time when the energy sector and smaller stoc...
Combining the listings on the Nasdaq stock exchange, the New York Stock Exchange (NYSE), and the over-the-counter (OTC) markets, over 12,000 stocks are trading in the U.S. That number is certainly large enough to ensure plenty of promising names go overlooked or underappreciated. Arguably, that's the plight of refiner Delek US Holdings (NYSE: DK) . At a time when the energy sector and smaller stocks are soaring, Delek, with a market capitalization of just under $3 billion, should be attracting more attention. The reality is the stock leads an arguably anonymous existence, which is really odd given its 64% year-to-date gain. Continue reading
Caterpillar (NYSE:CAT) at $909.81 is a hold. The stock sits within striking distance of its $931.35 52-week high after a historic run, mixing a real AI-driven growth story with stretched valuation and visible insider selling. Caterpillar is the world’s largest maker of construction and mining equipment, with a fast-growing Power & Energy arm that sells ... Caterpillar Stock Nearing 52-Week High: B...
Caterpillar (NYSE:CAT) at $909.81 is a hold. The stock sits within striking distance of its $931.35 52-week high after a historic run, mixing a real AI-driven growth story with stretched valuation and visible insider selling. Caterpillar is the world’s largest maker of construction and mining equipment, with a fast-growing Power & Energy arm that sells ... Caterpillar Stock Nearing 52-Week High: Buy, Sell or Hold?
Brasil2/iStock via Getty Images Petrobras ( PBR ) said Wednesday it agreed to acquire a 50% stake in the Itaimbezinho exploration block in Brazil's offshore Campos Basin from Equinor ( EQNR ), expanding its presence in one of the country's most active offshore regions; financial terms were not disclosed. Upon completion of the deal, Equinor ( EQNR ) will retain a 50% operating stake in the Itaimbe...
Brasil2/iStock via Getty Images Petrobras ( PBR ) said Wednesday it agreed to acquire a 50% stake in the Itaimbezinho exploration block in Brazil's offshore Campos Basin from Equinor ( EQNR ), expanding its presence in one of the country's most active offshore regions; financial terms were not disclosed. Upon completion of the deal, Equinor ( EQNR ) will retain a 50% operating stake in the Itaimbezinho production sharing contract. Petrobras ( PBR ) said the acquisition strengthens its exploration portfolio while creating operational synergies with neighboring assets in the Campos Basin, where it already partners with Equinor ( EQNR ) on projects including the Raia development and the Jasper exploration license. " The operation reinforces the importance and relevance of exploratory activity in Brazil and is aligned with the company's long-term strategy," Petrobras ( PBR ) said. More on Petrobras and Equinor Petrobras: Why I Disagree With Wall Street Petrobras: Cheap Oil Stock With High Yield Potential Equinor: Raising My Buy Target On Improving Prospects Driven By Fundamentals
There’s been a lot of buzz surrounding Apple (NASDAQ:AAPL) after its big WWDC week. The latest Siri AI innovations look quite impressive, but, of course, if we’ve learned anything from the initial rollout of Apple Intelligence, it’s that we should reserve judgment until we’ve actually had a chance to test out the waters. Indeed, iOS ... Weirdly, the iPhone Might Be About to Become a Huge Drag on A...
There’s been a lot of buzz surrounding Apple (NASDAQ:AAPL) after its big WWDC week. The latest Siri AI innovations look quite impressive, but, of course, if we’ve learned anything from the initial rollout of Apple Intelligence, it’s that we should reserve judgment until we’ve actually had a chance to test out the waters. Indeed, iOS ... Weirdly, the iPhone Might Be About to Become a Huge Drag on Apple’s Stock Price — or Maybe Not?
Bloomberg's Dani Burger speaks with Warburg Pincus CEO Jeffrey Perlman at the SuperReturn conference in Berlin. They discuss US IPOs as the current pipeline is now worth some $3.6 trillion. (Source: Bloomberg)
Bloomberg's Dani Burger speaks with Warburg Pincus CEO Jeffrey Perlman at the SuperReturn conference in Berlin. They discuss US IPOs as the current pipeline is now worth some $3.6 trillion. (Source: Bloomberg)
Petrovich9 The top 10 stocks in the U.S. now represent approximately 45% of total market capitalization, a level of concentration that has broken traditional market trend lines and left investors struggling to determine whether this represents a new normal or a bubble poised to burst. Viktor Shvets, global head of strategy at Macquarie Group, argues that the answer is neither—instead, he says, “We...
Petrovich9 The top 10 stocks in the U.S. now represent approximately 45% of total market capitalization, a level of concentration that has broken traditional market trend lines and left investors struggling to determine whether this represents a new normal or a bubble poised to burst. Viktor Shvets, global head of strategy at Macquarie Group, argues that the answer is neither—instead, he says, “We now live in a world of rolling bubbles.” In an interview with CNBC, Shvets explained that this extreme concentration is visible across all global equity markets, not just the U.S. “If you take out five, six stocks in every single market, whether it's the U.S. ( SP500 ), ( COMP:IND ), ( DJI ), whether it’s Korea ( EWY ), Asia Pacific ( GMF ), whatever you look at, the rest of the market is not really performing,” he said. When asked whether traditional investment principles championed by Warren Buffett still apply, Shvets was direct: “We do not live in Warren Buffett’s world.” The strategist identified two fundamental shifts that distinguish today’s markets from any period in the past two centuries. First, he pointed to the unprecedented creation of capital over the past two decades, noting that “for the first time in human history, we live in a world of abundant capital, not constrained capital.” This abundance, he argued, makes traditional valuation methods obsolete because “anything that is abundant cannot be priced.” Second, he emphasized that the information age is fundamentally different from previous technological revolutions because artificial intelligence encompasses everything from software ( IGV ), ( XSW ), ( IGPT ) and chips ( SMH ), ( SOXX ), ( SOXL ) to robotics ( BOTZ ), ( ARKQ ), ( ROBO ) and biotech ( IBB ), ( XBI ), ( FBT ) . This all-encompassing nature of technology makes identifying a single bubble nearly impossible. “We had a software bubble. It’s rolled back. We have chips bubble. It will be rolling back. And then we’ll have applications,” Shvets expl...
Getty Images Overview Tesla, Inc. ( TSLA ) has been one of the hottest companies talked about due to its operations in one of the most technologically advanced industries—EVs. However, it has evolved to operate at the intersection of multiple businesses. While Tesla continues to derive the majority of its revenues from automotive sales, management increasingly portrays the company as an AI-driven ...
Getty Images Overview Tesla, Inc. ( TSLA ) has been one of the hottest companies talked about due to its operations in one of the most technologically advanced industries—EVs. However, it has evolved to operate at the intersection of multiple businesses. While Tesla continues to derive the majority of its revenues from automotive sales, management increasingly portrays the company as an AI-driven technology platform whose future growth will be shaped by autonomous driving, robotaxi networks, energy storage solutions, and humanoid robots. Due to this positioning and continuous evolution of business, there have been debates among analysts about Tesla and how it should be valued. Optimists state that Tesla’s vertically integrated manufacturing capabilities, taxi fleet, full self-driving (FSD) software, and expanding energy business all position it for higher premium valuations, and therefore, viewing it solely as an automotive business would mean downplaying it. However, skeptics state that Tesla remains fundamentally an automobile manufacturer that is facing increasingly difficult industry dynamics, which include, but are not limited to, competition from BYD. The rate of growth that BYD is displaying is visible, and I had previously mentioned it in one of my analyses as well. Regardless of the debate, Tesla continues to execute aggressively across multiple fronts. It has launched the Robotaxi program, expanded FSD subscriptions, and accelerated investment in AI training infrastructure. The question that comes up on the back of these developments is whether Tesla is ready to transition out of being primarily valued as an automaker to becoming a diversified AI and robotics platform. Tesla appears to be approaching one of the most important periods in its history. Robotaxi has moved from concept to deployment, FSD subscriptions have crossed one million users, Megapack demand continues to accelerate, and Optimus is preparing for pilot production, while BYD and subsidy rol...
Getty Images Overview Tesla, Inc. ( TSLA ) has been one of the hottest companies talked about due to its operations in one of the most technologically advanced industries—EVs. However, it has evolved to operate at the intersection of multiple businesses. While Tesla continues to derive the majority of its revenues from automotive sales, management increasingly portrays the company as an AI-driven ...
Getty Images Overview Tesla, Inc. ( TSLA ) has been one of the hottest companies talked about due to its operations in one of the most technologically advanced industries—EVs. However, it has evolved to operate at the intersection of multiple businesses. While Tesla continues to derive the majority of its revenues from automotive sales, management increasingly portrays the company as an AI-driven technology platform whose future growth will be shaped by autonomous driving, robotaxi networks, energy storage solutions, and humanoid robots. Due to this positioning and continuous evolution of business, there have been debates among analysts about Tesla and how it should be valued. Optimists state that Tesla’s vertically integrated manufacturing capabilities, taxi fleet, full self-driving (FSD) software, and expanding energy business all position it for higher premium valuations, and therefore, viewing it solely as an automotive business would mean downplaying it. However, skeptics state that Tesla remains fundamentally an automobile manufacturer that is facing increasingly difficult industry dynamics, which include, but are not limited to, competition from BYD. The rate of growth that BYD is displaying is visible, and I had previously mentioned it in one of my analyses as well. Regardless of the debate, Tesla continues to execute aggressively across multiple fronts. It has launched the Robotaxi program, expanded FSD subscriptions, and accelerated investment in AI training infrastructure. The question that comes up on the back of these developments is whether Tesla is ready to transition out of being primarily valued as an automaker to becoming a diversified AI and robotics platform. Tesla appears to be approaching one of the most important periods in its history. Robotaxi has moved from concept to deployment, FSD subscriptions have crossed one million users, Megapack demand continues to accelerate, and Optimus is preparing for pilot production, while BYD and subsidy rol...
mbbirdy/E+ via Getty Images Wall Street drifted down in the red on Wednesday as the retail inflation came largely in line, while investors also assessed ongoing tensions in the Middle East. The blue chip Dow ( DJI ) was -1.1%, the benchmark S&P 500 ( SP500 ) was -0.8%, and the tech focused Nasdaq Composite ( COMP:IND ) was -1%. Now, here are 4 news stories that broke in the morning to watch out fo...
mbbirdy/E+ via Getty Images Wall Street drifted down in the red on Wednesday as the retail inflation came largely in line, while investors also assessed ongoing tensions in the Middle East. The blue chip Dow ( DJI ) was -1.1%, the benchmark S&P 500 ( SP500 ) was -0.8%, and the tech focused Nasdaq Composite ( COMP:IND ) was -1%. Now, here are 4 news stories that broke in the morning to watch out for: U.S. consumer prices accelerate: The Consumer Price Index rose 4.2% year-over-year in May, matching expectations and accelerating from 3.8% in April, according to the Bureau of Labor Statistics. On a monthly basis, CPI increased 0.5%, with energy costs accounting for more than 60% of the gain after climbing 3.9% during the month. Core CPI, which excludes food and energy, rose 2.9% annually, moving further from the Fed’s 2% goal. Senator Warren seeks SpaceX IPO delay: Sen. Elizabeth Warren urged the Securities and Exchange Commission to postpone SpaceX’s ( SPCX ) initial public offering, arguing the blockbuster listing poses unusual risks to retail investors. In a June 9 letter to SEC Chair Paul Atkins, the Massachusetts Democrat raised concerns about the company’s proposed $2 trillion valuation, its dual-class share structure that would leave Elon Musk with outsized control, and questions surrounding the xAI merger earlier this year. Gold hits multi-month lows: Spot gold fell roughly 1.4% to approximately $4,160 per ounce on Wednesday, reaching its lowest level since November 2025 as persistent selling pressure continued. The precious metal is now trading more than 25% below its record high of $5,596 per ounce set on January 28. Gold ( XAUUSD:CUR ) has dropped beneath its 20-day, 50-day, 100-day, and 200-day moving averages, while the daily relative strength index has fallen to 25.7, placing the metal deep in oversold territory. Carl Icahn reduces JetBlue position: Carl Icahn ( IEP ) lowered his active stake in JetBlue Airways ( JBLU ) to 5.55% following the sale of 4.3 ...
U.S. President Donald Trump displays the signed Secure America Act in the Oval Office of the White House on June 10, 2026 in Washington, DC. Alex Wong | Getty Images President Donald Trump on Wednesday signed a $70 billion bill to fund immigration enforcement agencies through the end of his term. The package to fund Immigration and Customs Enforcement and Customs and Border Protection passed out o...
U.S. President Donald Trump displays the signed Secure America Act in the Oval Office of the White House on June 10, 2026 in Washington, DC. Alex Wong | Getty Images President Donald Trump on Wednesday signed a $70 billion bill to fund immigration enforcement agencies through the end of his term. The package to fund Immigration and Customs Enforcement and Customs and Border Protection passed out of Congress in the last week after months of debate and delays amid Democratic concerns about overly aggressive immigration enforcement. At a signing ceremony in the Oval Office on Wednesday, Trump said the bill would "give the heroes of ICE and border patrol ... the support and resources they need to defend our borders, protect our homeland and to keep America safe." Democrats had refused to fund the two Department of Homeland Security subagencies since January, when an immigration surge in Minneapolis led to the deaths of two U.S. citizens at the hands of federal agents. Read more CNBC politics coverage Trump family got about $500M from crypto venture — but investors saw steep losses Trump repeats claims that Iran deal is only 'days' away, despite recent strikes USDA Secretary Rollins calls Texas ag chief 'unserious' amid screwworm threat Trump nominates Todd Blanche for attorney general amid controversy over DOJ fund Republicans , in response to Democratic opposition, pursued a congressional process known as budget reconciliation , which allows for the party-line passage of controversial spending and budgetary measures with a simple majority in the Senate, as opposed to the 60 votes normally needed to overcome a filibuster. The Senate advanced the immigration funding package on Friday on a 52-47 vote , with no Democrats voting in favor. The House followed on Tuesday, approving the package 214-212 , also with no Democratic support. "Despite Democrat efforts to shut down ICE and Border Patrol, Republicans have now fully funded these agencies through President Trump's entire...
Bet_Noire/iStock via Getty Images Introduction As part of my continuing coverage of the AI data center supply chain, the famous picks and shovels of this compute race, I will now analyze Corning ( GLW ) and Prysmian ( PRYMY ) in conjunction. I have reported on parts of the optics supply chain recently, such as Marvell ( MRVL ), Coherent ( COHR ), and Ciena ( CIEN ), and while fiber optic cables ar...
Bet_Noire/iStock via Getty Images Introduction As part of my continuing coverage of the AI data center supply chain, the famous picks and shovels of this compute race, I will now analyze Corning ( GLW ) and Prysmian ( PRYMY ) in conjunction. I have reported on parts of the optics supply chain recently, such as Marvell ( MRVL ), Coherent ( COHR ), and Ciena ( CIEN ), and while fiber optic cables are less technologically challenging to develop, the manufacturing process is a significant barrier to entry. Corning is “springboarding” headfirst into the photonics supply chain with over $9bn in capex through YE29 to meet demand that will increase its exposure from 45% to 64% of EBITDA. Prysmian competes in the lower-value fiber optics and general electrification in data centers and across the grid, which is a far broader market. In this report, I compare growth and valuation metrics and judge PRY a better risk-adjusted buy vs. GLW. The Data Center Growth The main driver for the picks & shovels is the number of new data centers that are planned to meet AI's promised demand, due to enhanced productivity, but not all companies will survive or thrive under the creative destruction of open markets. Nonetheless, the AI arms race should not be disturbed by the lack of capital or ROI, but most likely due to fiscal limitations in manufacturing and energy, as well as regulatory and political obstacles. Below is a table and charts based on a fully planned DC expansion and an estimate of how much fiber optic (in kilometers) and copper cable (in tons), as well as optical transceivers, may be needed. Note that, as I discussed in the Marvell report , copper intensity should decline and be replaced by fiber, and while this adds substantial value to the photonics group, the physical amount of copper is modestly impacted. The greatest beneficiary of photonics is reduced energy needs. This is an optimistic demand scenario, and I would venture to say that 50% or 60% of the DCs will be built ...
Speculative plays, from gold to silver to Bitcoin, are starting to wobble. That’s just as SpaceX, one of the most hyped share offerings of all-time, is preparing to launch this week. Its performance could dictate how aggressive the rotation out of risky assets becomes. Rising interest rates are making bets in gold, silver and Bitcoin less attractive. Their demise could accelerate a risk-off rotati...
Speculative plays, from gold to silver to Bitcoin, are starting to wobble. That’s just as SpaceX, one of the most hyped share offerings of all-time, is preparing to launch this week. Its performance could dictate how aggressive the rotation out of risky assets becomes. Rising interest rates are making bets in gold, silver and Bitcoin less attractive. Their demise could accelerate a risk-off rotation or move more money into other risky assets like IPOs. In that context, SpaceX’s aggressive valuation stands out, especially a week after Google sold shares in one of the largest equity deals ever. Large IPOs tend to trade significantly lower in the first year. That could add to a risk-off mood that shifts the narrative back to the Magnificent Seven tech stocks (minus Tesla). Some inflation hedges no longer work In 2025, the gold bull market suddenly shifted. The steady climb in the years since the COVID lockdowns gave way to a parabolic rise in prices. What was a 13% rate of appreciation from the end of March 2020 through the end of 2024 - less than the S&P 500’s near 18% compound annual growth rate - saw a near doubling in price by the time gold peaked in January. The precious metal has since lost nearly a quarter of its value. The rise and fall in silver prices has been even more acute - quadrupling in price through the January top and getting cut in half in the 4 1/2 months since. For all the arguments about inflation hedges and reserve diversification, the biggest driver after 2024 was speculation. Even as data Wednesday showed inflation at 4.2%, gold and silver traded deeply in the red. Bitcoin, also once touted as an inflation hedge, has made a roundtrip since crypto-friendly US President Donald Trump sewed up the Republican nomination to today at about $60,000, half of last year’s peak. Clearly, investors are either rotating into something less speculative or need to find another vehicle to focus their animal spirits on. SpaceX is the perfect speculative asset Tha...
Robinhood revealed that it plans to expand in the white-hot IPO market as an underwriter, disrupting a field dominated by three financial giants. The IPO market has become a hotbed of activity, with several looming or confidential initial public offerings. Goldman Sachs, Morgan Stanley and Bank of America dominate the highly lucrative IPO underwriting market, capturing a portion of proceeds as und...
Robinhood revealed that it plans to expand in the white-hot IPO market as an underwriter, disrupting a field dominated by three financial giants. The IPO market has become a hotbed of activity, with several looming or confidential initial public offerings. Goldman Sachs, Morgan Stanley and Bank of America dominate the highly lucrative IPO underwriting market, capturing a portion of proceeds as underwriting fees in exchange for acting as gatekeepers to new companies coming public.
Sumayah Nakazibwe and Stella Ariokot were frightened they would be next as fires took hold on neighbouring houses and rioters set cars alight For four hours, Ugandan care workers Sumayah Nakazibwe and Stella Ariokot were barricaded into their house near Crumlin Road in north Belfast, smelling smoke leaking into their homes, and watching flames lick the walls of neighbouring properties. “It all sta...
Sumayah Nakazibwe and Stella Ariokot were frightened they would be next as fires took hold on neighbouring houses and rioters set cars alight For four hours, Ugandan care workers Sumayah Nakazibwe and Stella Ariokot were barricaded into their house near Crumlin Road in north Belfast, smelling smoke leaking into their homes, and watching flames lick the walls of neighbouring properties. “It all started like people were just marching, young boys between the age of nine and 20,” Nakazibwe said. “They were all putting on black, and masked .” Continue reading...
Ever since the Post Modern Times cafe in Minneapolis ditched its price list, half the customers have chosen not to pay. It’s still making a profit Name: Pay what you wish. Age: Popular since the 00s, but dating back to at least the 80s. Continue reading...
Ever since the Post Modern Times cafe in Minneapolis ditched its price list, half the customers have chosen not to pay. It’s still making a profit Name: Pay what you wish. Age: Popular since the 00s, but dating back to at least the 80s. Continue reading...
Shares of Amazon (NASDAQ: AMZN) have nearly doubled over the past three years, lifting the company's market capitalization to about $2.6 trillion. Can the company keep up its momentum, helping the stock rise sharply again over the next three years? The answer arguably hinges on two things above all: whether Amazon Web Services (AWS), its cloud computing business, can keep growing at the strong cli...
Shares of Amazon (NASDAQ: AMZN) have nearly doubled over the past three years, lifting the company's market capitalization to about $2.6 trillion. Can the company keep up its momentum, helping the stock rise sharply again over the next three years? The answer arguably hinges on two things above all: whether Amazon Web Services (AWS), its cloud computing business, can keep growing at the strong clip it has demonstrated recently, and whether the enormous sums the company is pouring into artificial intelligence (AI) start paying off fast enough to justify them. Here's a close look at Amazon's underlying business, and where I think the stock could be three years from now. Continue reading