As of midday, the S&P 500 (SNPINDEX:^GSPC) fell 1.00% to 7,312.58, the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 1.27% to 25,352.11, and the Dow Jones Industrial Average (DJINDICES:^DJI) lost 1.22% to 50,239.76 as hotter inflation and Iran tensions fueled a broad sell-off. AI and chip names remained under heavy pressure this morning, with Super Micro Computer plunging over 17% after announcing ...
As of midday, the S&P 500 (SNPINDEX:^GSPC) fell 1.00% to 7,312.58, the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 1.27% to 25,352.11, and the Dow Jones Industrial Average (DJINDICES:^DJI) lost 1.22% to 50,239.76 as hotter inflation and Iran tensions fueled a broad sell-off. AI and chip names remained under heavy pressure this morning, with Super Micro Computer plunging over 17% after announcing a $7 billion equity raise. Sector leaders like Nvidia and Micron Technology extended their pullback. Robinhood Markets jumped 6% on a strategic update. Inflation fears and escalating Iran tensions pressured stocks this morning, with the May Consumer Price Index reaching a three-year high of 4.2%. Core inflation, which accounts for everything apart from food and energy, rose 2.9% year on year. Continue reading
James Dolan’s company slams mayor and police commissioner as ‘party poopers’ over large restricted zone The owner of the New York Knicks basketball team sharply criticized both the New York police department and Zohran Mamdani after city officials announced an extensive security strategy for Game 4 of the NBA finals, featuring a large restricted zone and additional access controls. The expanded se...
James Dolan’s company slams mayor and police commissioner as ‘party poopers’ over large restricted zone The owner of the New York Knicks basketball team sharply criticized both the New York police department and Zohran Mamdani after city officials announced an extensive security strategy for Game 4 of the NBA finals, featuring a large restricted zone and additional access controls. The expanded security measures follow Monday’s Game 3 watch party at Bryant Park, where disorder erupted and led to arrests, damage to property, and incidents involving assaults on police officers. Continue reading...
iQoncept/iStock via Getty Images Healthcare exchange-traded funds are attracting renewed investor attention as money continues rotating into defensive sectors. According to recent BofA Research data, healthcare ETFs recorded the largest net inflows among all major market sectors during the latest week, highlighting growing demand for stability amid ongoing concerns about valuations, interest rates...
iQoncept/iStock via Getty Images Healthcare exchange-traded funds are attracting renewed investor attention as money continues rotating into defensive sectors. According to recent BofA Research data, healthcare ETFs recorded the largest net inflows among all major market sectors during the latest week, highlighting growing demand for stability amid ongoing concerns about valuations, interest rates, and economic uncertainty. Against that backdrop, several healthcare-focused ETFs currently carry bullish Seeking Alpha Quant Ratings, reflecting strong momentum and relative performance within the sector. The list is led by the State Street Health Care Select Sector SPDR ETF ( XLV ), which holds a Quant Rating of 3.96. Vanguard Health Care Index Fund ETF ( VHT ) follows with a rating of 3.69, while iShares US Healthcare ETF ( IYH ) and Fidelity MSCI Health Care Index ETF ( FHLC ) are tied at 3.66. The strong ratings among diversified healthcare ETFs come as investors increasingly rotate toward traditionally defensive industries such as pharmaceuticals, managed care, biotechnology, and medical services. Healthcare has historically outperformed during periods of market volatility due to the sector’s relatively stable earnings and cash flow characteristics. Further down the list, iShares Global Healthcare ETF ( IXJ ) carries a more neutral Quant Rating of 3.01, while First Trust Health Care AlphaDEX Fund ETF ( FXH ) sits at 2.76. At the bottom of the screen is iShares US Medical Devices ETF ( IHI ), which holds a Strong Sell Quant Rating of 1.40 after declining 18.04% year to date, reflecting ongoing weakness in parts of the medical device space. Seeking Alpha’s Quant Ratings system evaluates stocks and ETFs based on factors including valuation, growth, momentum, and profitability. Ratings are scored on a scale from 1 to 5, with scores above 3.5 generally considered bullish, while ratings below 2.5 indicate bearish quantitative profiles. Here is the list: State Street Health...
Frasers Group Plc offered to buy Hugo Boss AG in a deal valuing the German fashion brand at about €2.7 billion ($3.1 billion), as billionaire Mike Ashley seeks to add another well-known label to his growing collection. Frasers, the owner of Sports Direct, made a cash bid of €38 a share for Hugo Boss, a premium of 4% to the closing price on Wednesday. Ashley is the controlling shareholder of Fraser...
Frasers Group Plc offered to buy Hugo Boss AG in a deal valuing the German fashion brand at about €2.7 billion ($3.1 billion), as billionaire Mike Ashley seeks to add another well-known label to his growing collection. Frasers, the owner of Sports Direct, made a cash bid of €38 a share for Hugo Boss, a premium of 4% to the closing price on Wednesday. Ashley is the controlling shareholder of Frasers, which already owns a roughly 26% stake in Hugo Boss. The aggregate consideration for the Boss shares not held by Frasers is just under €2 billion, Frasers said. Frasers and Hugo Boss have had a long relationship that includes the British retailer selling the fashion brand’s products in its stores and online.
Vitalij Sova/iStock via Getty Images Investment Thesis In my last article on Nvidia Corporation ( NVDA ), published in March 2026, I analyzed the company’s Q4 report and explored the key takeaways. My thesis was predominantly focused on the surge in supply commitments that was announced by the company and the impact these commitments would have on the long-term growth of NVDA. I also examined the ...
Vitalij Sova/iStock via Getty Images Investment Thesis In my last article on Nvidia Corporation ( NVDA ), published in March 2026, I analyzed the company’s Q4 report and explored the key takeaways. My thesis was predominantly focused on the surge in supply commitments that was announced by the company and the impact these commitments would have on the long-term growth of NVDA. I also examined the intensity of the competitive environment and whether investors had reasons to worry. I had a Strong Buy rating on the stock. Since my article was published, the stock has gained 17.1%, comfortably outperforming the S&P 500 ( SP500 ), which gained 9.6% during the same period. In this article, I analyze the impact of the company’s Q1 FY27 earnings report, with a special focus on how the company’s long-term growth story has evolved since my last article. More specifically, while my CUDA thesis from my last article remains intact, I argue that the more consequential takeaway from the Q1 report is the company’s expansion into the data center and client CPU markets – a multi-hundred-billion dollar potential that the market, in my view, is yet to price in. I also weigh my thesis against the intensifying threat from the custom silicon players and argue why, despite the stock’s multiple de-ratings in recent times, the risk-reward continues to remain favorable for long-term investors. Before delving into the thesis, I have to mention a brief note on the methodology that would be used in the valuation section later. Most of my recent articles have deployed machine-learning ensembles to project forward EPS. For NVDA, the approach was the same. However, the framework could not reliably forecast NVDA’s forward EPS. This does not mean that all the ensemble models used in my previous articles failed. This is an NVDA-specific issue; more specifically, NVDA’s current earnings regime, which is predominantly driven by a data-center AI demand shock that occurred back in late 2022 and accelerate...
Vitalij Sova/iStock via Getty Images Investment Thesis In my last article on Nvidia Corporation ( NVDA ), published in March 2026, I analyzed the company’s Q4 report and explored the key takeaways. My thesis was predominantly focused on the surge in supply commitments that was announced by the company and the impact these commitments would have on the long-term growth of NVDA. I also examined the ...
Vitalij Sova/iStock via Getty Images Investment Thesis In my last article on Nvidia Corporation ( NVDA ), published in March 2026, I analyzed the company’s Q4 report and explored the key takeaways. My thesis was predominantly focused on the surge in supply commitments that was announced by the company and the impact these commitments would have on the long-term growth of NVDA. I also examined the intensity of the competitive environment and whether investors had reasons to worry. I had a Strong Buy rating on the stock. Since my article was published, the stock has gained 17.1%, comfortably outperforming the S&P 500 ( SP500 ), which gained 9.6% during the same period. In this article, I analyze the impact of the company’s Q1 FY27 earnings report, with a special focus on how the company’s long-term growth story has evolved since my last article. More specifically, while my CUDA thesis from my last article remains intact, I argue that the more consequential takeaway from the Q1 report is the company’s expansion into the data center and client CPU markets – a multi-hundred-billion dollar potential that the market, in my view, is yet to price in. I also weigh my thesis against the intensifying threat from the custom silicon players and argue why, despite the stock’s multiple de-ratings in recent times, the risk-reward continues to remain favorable for long-term investors. Before delving into the thesis, I have to mention a brief note on the methodology that would be used in the valuation section later. Most of my recent articles have deployed machine-learning ensembles to project forward EPS. For NVDA, the approach was the same. However, the framework could not reliably forecast NVDA’s forward EPS. This does not mean that all the ensemble models used in my previous articles failed. This is an NVDA-specific issue; more specifically, NVDA’s current earnings regime, which is predominantly driven by a data-center AI demand shock that occurred back in late 2022 and accelerate...
Chen Yujian. Photo: Shanghai Municipal People's Government Chen Yujian, a vice mayor of Shanghai, has been placed under investigation for suspected corruption, becoming the latest high-ranking official caught up in Beijing’s long-running anti-graft campaign. Chen, also a member of the Party leadership group of the Shanghai municipal government, is undergoing disciplinary review and supervisory inv...
Chen Yujian. Photo: Shanghai Municipal People's Government Chen Yujian, a vice mayor of Shanghai, has been placed under investigation for suspected corruption, becoming the latest high-ranking official caught up in Beijing’s long-running anti-graft campaign. Chen, also a member of the Party leadership group of the Shanghai municipal government, is undergoing disciplinary review and supervisory investigation for “serious violations of discipline and law,” China’s top anti-graft watchdog, the Central Commission for Discipline Inspection and the National Commission of Supervision, said Wednesday.
If a poll asked investors to rank the 11 S&P 500 sectors in order of excitement, there's an excellent chance that technology would take one of the top spots, while utilities would be toward the bottom, if not in the cellar. That's an old-school way of looking at things. Thanks to the evolution of artificial intelligence (AI), utility stocks have more pizazz than market participants typically ascri...
If a poll asked investors to rank the 11 S&P 500 sectors in order of excitement, there's an excellent chance that technology would take one of the top spots, while utilities would be toward the bottom, if not in the cellar. That's an old-school way of looking at things. Thanks to the evolution of artificial intelligence (AI), utility stocks have more pizazz than market participants typically ascribe to the sector, providing an interesting refresh for exchange-traded funds (ETFs) such as the Vanguard Utilities ETF (NYSEMKT: VPU) . This Vanguard ETF is a backdoor AI play. Image source: Getty Images. Continue reading
Darren415/iStock via Getty Images Sallie Mae ( SLM ) was trading lower as the private student lender disclosed fresh concerns on elevated charge-offs and potential impact on recoveries. Shares were 4.34% lower at $22.05 about noon on Wednesday. "As we started to see the November payment wave come through, we noticed a trend of what we would otherwise think to be customers who had a high ability to...
Darren415/iStock via Getty Images Sallie Mae ( SLM ) was trading lower as the private student lender disclosed fresh concerns on elevated charge-offs and potential impact on recoveries. Shares were 4.34% lower at $22.05 about noon on Wednesday. "As we started to see the November payment wave come through, we noticed a trend of what we would otherwise think to be customers who had a high ability to pay by various credit metrics, whether it's FICO or other credit lines outstanding, things like that, were not engaging with us and were rolling straight to default," said CFO Peter Graham. Graham was speaking at the Morgan Stanley U.S. Financials Conference 2026. "So it's a small -- a very small portion of our portfolio, but was driving an outsized kind of impact in terms of our charge-offs," said Graham. Certain players in the debt management space are "basically marketing a product that purports to be a student loan refinance. They're basically writing a new loan to this customer at full loan value plus origination fees, and then they're coming on the back end of our recovery processes and getting that loan at $0.50 on the dollar." "And so we're going to take some action to kind of close that down in the near term. We're going to -- or we already have terminated our flow contracts that we have in the recovery sales -- charge-off recovery sales space. And we're going to adjust our settlement floors and our internal processes for a period of time. So we can get a -- kind of get a good handle on that landscape," said the CFO. "If we don't restart our normal recovery practices before the end of this year, that's kind of like a $25M impact to recoveries in year," said Graham. "But still how this unfolds over the coming weeks, months will determine whether we are comfortable restarting this year or it kind of tails into next year." More on Sallie Mae SLM Corporation (SLM) Presents at Morgan Stanley US Financials Conference 2026 Transcript SLM : Cheap Valuation Meets Rising Cr...
Wall Street has never met an acronym it didn’t like. FAANG gave way to the Magnificent 7, and now a fresh label is making the rounds among investors trying to capture the next leg of the artificial intelligence (AI) trade. The new grouping, half marketing slogan and half investment thesis, goes by the name MANGOS: ... Investors Are Ditching the Magnificent 7 For a New Group of Stocks: The MANGOS
Wall Street has never met an acronym it didn’t like. FAANG gave way to the Magnificent 7, and now a fresh label is making the rounds among investors trying to capture the next leg of the artificial intelligence (AI) trade. The new grouping, half marketing slogan and half investment thesis, goes by the name MANGOS: ... Investors Are Ditching the Magnificent 7 For a New Group of Stocks: The MANGOS
nonnie192 The travel sector is under pressure Wednesday, with airlines and cruise operators leading declines as renewed concerns over potential military action against Iran push oil prices higher, raising fears of increased fuel costs for some of the industry's most energy-intensive businesses. Within the airline industry, American Airlines ( AAL ) is generally viewed as one of the most vulnerable...
nonnie192 The travel sector is under pressure Wednesday, with airlines and cruise operators leading declines as renewed concerns over potential military action against Iran push oil prices higher, raising fears of increased fuel costs for some of the industry's most energy-intensive businesses. Within the airline industry, American Airlines ( AAL ) is generally viewed as one of the most vulnerable to high fuel prices due to its lack of fuel hedging and leveraged balance sheet. At the same time, shares of smaller, regional carriers are also likely to be undermined by continued elevated costs. JetBlue ( JBLU ), which was recently downgraded to junk status by S&P, is down 5% on Wednesday, tracking losses for Frontier Group Holdings ( ULCC ), Alaska Air Group ( ALK ), and Allegiant ( ALGT ). The sector is also being compromised by a recent report from the International Air Transport Association (IATA) warning that airline margins face severe pressure this year due to the fuel shock generated by the closure of the Strait of Hormuz. This will be amplified by a “material slowdown” in passenger growth as higher fuel costs, airspace disruptions, and eliminated/longer routes lead travelers to consider alternatives to air travel. This outlook has reverberated throughout the travel sector, with shares of hotels/resorts and travel services all retreating into the red on Wednesday, although with more modest losses than those for airlines and cruise operators. Related tickers: United Airlines ( UAL ), Delta Air Lines ( DAL ), Southwest Airlines ( LUV ), Skywest ( SKYW ), Carnival Corporation ( CCL ), Royal Caribbean ( RCL ), Norwegian Cruise Line Holdings ( NCLH ), Expedia ( EXPE ), Booking Holdings ( BKNG ), Viking Holdings ( VIK ), Airbnb ( ABNB ), Wyndham Hotels & Resorts ( WH ), Choice Hotels ( CHH ), Hilton Worldwide Holdings ( HLT ), Marriott International ( MAR ), Intergroup ( INTG ), Hyatt Hotels ( H ) More on American Airlines, Carnival, etc. American Airlines Group Inc. ...
It's been a while since an analyst has held Hyliion Holdings (NYSEMKT: HYLN) shares in such high regard. With an analyst initiating coverage and taking a bullish stance on the manufacturer of module power systems, investors are clearly enthusiastic about the prospect of adding Hyliion stock to their portfolios. As of 12:26 p.m. ET, Hyliion's shares are up 7%, after retreating from an earlier 15.1%...
It's been a while since an analyst has held Hyliion Holdings (NYSEMKT: HYLN) shares in such high regard. With an analyst initiating coverage and taking a bullish stance on the manufacturer of module power systems, investors are clearly enthusiastic about the prospect of adding Hyliion stock to their portfolios. As of 12:26 p.m. ET, Hyliion's shares are up 7%, after retreating from an earlier 15.1% rise. Image source: Getty Images. Continue reading