J Studios/DigitalVision via Getty Images I had a great, hour-long conversation with one of my hedge fund trainees yesterday, and it helped me to further crystallize an idea that has been floating around in my mind for a while. When asked about the investment edge that one theoretically must have to be a successful money manager, my take is that, in nearly all cases, simplicity trumps complexity, a...
J Studios/DigitalVision via Getty Images I had a great, hour-long conversation with one of my hedge fund trainees yesterday, and it helped me to further crystallize an idea that has been floating around in my mind for a while. When asked about the investment edge that one theoretically must have to be a successful money manager, my take is that, in nearly all cases, simplicity trumps complexity, and by a whole lot more than most people think. Sure, Bridgewater Associates hires 1,300 brilliant employees to gain an alpha advantage over market participants, and Renaissance Technologies seems to have a grasp on highly profitable quant analysis that no one else does. But in my view, the other 99.9% of investors out there can still produce generational wealth over long periods with very simple, but well-executed, ideas that do not require the backing of a multi-million-dollar infrastructure apparatus. Buying A Bubble And Getting Rich Today, I propose a trading strategy that fits on the back of a cocktail napkin and uses the Direxion Daily Semiconductor Bull 3x ETF ( SOXL ). If successful, I believe that one could turn $10,000 today into $10 million in a tax-deferred account by 2055. Interestingly and counterintuitively, the feat would likely only be achievable if AI stocks are, indeed, in bubble territory today. You've read it right: this is a two-bullet-point strategy on how to get rich buying a bubble. Let's start, anti-climatically, by describing SOXL and addressing the risks of leverage—skip ahead as needed. On the first point, this is a tech ETF that bets on an underlying basket of what we often refer to nowadays as "AI stocks". As of the writing of my most recent article about this fund, the holdings are relatively well distributed across many relevant names, including Micron ( MU ) at 8.5% and NVIDIA ( NVDA ) at 7.2%. The top 10 holdings add up to nearly 60% capital allocation (see below). DM Martins Research, data from BlackRock The twist is that SOXL does not mer...
Robert Way/iStock Editorial via Getty Images NVIDIA ( NVDA ) has turned into a laggard in recent weeks. Its fiscal Q1 earnings report, issued on May 20, was more than solid, with top- and bottom-line beats and impressive data center/AI net sales. The outlook was also robust, with CEO Jensen Huang calling out increasing demand for its newest Vera Rubin platform. I have been bullish on NVDA this yea...
Robert Way/iStock Editorial via Getty Images NVIDIA ( NVDA ) has turned into a laggard in recent weeks. Its fiscal Q1 earnings report, issued on May 20, was more than solid, with top- and bottom-line beats and impressive data center/AI net sales. The outlook was also robust, with CEO Jensen Huang calling out increasing demand for its newest Vera Rubin platform. I have been bullish on NVDA this year, but I’m taking a different tack today. The YieldMax NVDA Option Income Strategy ETF ( NVDY ) is one of the so-called “boomer candy” funds, promising high yields and upside exposure to NVDA. I reiterate a hold rating on the ETF. I was neutral on NVDY last summer , and shares have performed about in line with NVDA and the S&P 500. Given its high expense ratio and selling away some upside, I reiterate a hold rating. I’ll provide refreshed looks at the fundamentals and why technicals augur for a more aggressive long-NVDA play. NVDY Tracking NVDA, But Lags YTD StockCharts.com According to the issuer , NVDY is an actively managed ETF designed to generate weekly income by selling call spreads on NVDA. "By writing call spreads, NVDY seeks to systematically harvest option premiums from NVDA’s volatility, striving to turn it into a weekly income stream while still maintaining participation in NVDA’s share price appreciation. NVDY offers a compelling way to potentially collect income and stay long NVDA." NVDY is a medium-sized ETF, now with $1.5 billion in assets under management as of May 29, 2026. That’s down from $1.9 billion at the time of my previous analysis. Its annual expense ratio is very high at 1.09%, while the trailing 12-month dividend yield is 62.4%. To be clear, just about all of the yield comes from selling options, not from fundamental company cash flows. YieldMax ETFs notes that the distribution rate is currently 47.21%. NVDY has changed from a year ago. It’s now a weekly income product and no longer distributes once per month. That may seem like a benefit, but it...
Gaze into the orb. | Image: The Verge There are many solid Bluetooth trackers for iPhones that tap into Apple’s expansive Find My network. Some are thin, some are a bit chunkier. And, evidently, some look like tiny soccer balls. Ugreen’s FineTrack 2 glows in the dark, and it has a loud 110-decibel alarm when you need to find it. It’s just $14.99 at Amazon for Prime members (originally $19.99). Ugr...
Gaze into the orb. | Image: The Verge There are many solid Bluetooth trackers for iPhones that tap into Apple’s expansive Find My network. Some are thin, some are a bit chunkier. And, evidently, some look like tiny soccer balls. Ugreen’s FineTrack 2 glows in the dark, and it has a loud 110-decibel alarm when you need to find it. It’s just $14.99 at Amazon for Prime members (originally $19.99). Ugreen also sells it for $14.99 through its site. Ugreen FineTrack 2 Bluetooth tracker Where to Buy: $19.99 $14.99 at Amazon (for Prime members) $19.99 $14.99 at Ugreen Instead of offering replaceable coin batteries, like many trackers do at this point, the FineTrack 2 has a built-in, non-rechargeable battery that can live for up to seven years. Some may consider that a flaw, but it’ll be nice not to have to worry about replacing its battery for a long while. The ball-shaped tracker also features IP68 water and dust resistance, and includes both a short and long lanyard you can swap out at your leisure. Other deals to consider Google’s Pixel Buds 2A , its latest entry-level wireless earbuds, are down to $109 at Amazon , B&H Photo , and Best Buy , which is their second-best price to date. They’re stacked with more features than their 2021 predecessor (not to mention cooler colors), including active noise cancellation, transparency mode, and spatial audio. That’d be enough to make them worth the sale price, but they also feature IP54 protection against sweat, and up to 20 hours of total battery life with the charging case. At $80 more, the pricier Pixel Buds Pro 2 deliver slightly longer battery life, a wireless charging-ready case, and loud noise protection. Read our review . Here’s another deal on headphones: Bose’s first-gen QuietComfort Ultra over-ear wireless headphones are available refurbished in black for $188 (originally $449, but regularly $329 new) at eBay . Notably, Bose is the seller here, and it claims the headphones are in “pristine, like-new condition,” and will ...
Investing.com -- D.A. Davidson has added Nvidia to its Best-of-Breed Bison stock list, citing the chipmaker's dominant position in AI infrastructure, durable competitive advantages and exceptional financial profile as evidence of long-term quality that ranks it among the best companies in the firm's coverage universe.
Investing.com -- D.A. Davidson has added Nvidia to its Best-of-Breed Bison stock list, citing the chipmaker's dominant position in AI infrastructure, durable competitive advantages and exceptional financial profile as evidence of long-term quality that ranks it among the best companies in the firm's coverage universe.
On this episode of Stock Movers with Alexis Christoforous: - Shares of Taylor Morrison Home Corp. (TMHC) soared in premarket trading after Berkshire Hathaway said it will acquire the homebuilder in an all-cash deal worth about $6.8 billion. It marks the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. - Shares of MGM Resorts International (MGM...
On this episode of Stock Movers with Alexis Christoforous: - Shares of Taylor Morrison Home Corp. (TMHC) soared in premarket trading after Berkshire Hathaway said it will acquire the homebuilder in an all-cash deal worth about $6.8 billion. It marks the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. - Shares of MGM Resorts International (MGM) rallied ahead of the US market open after the New York Times’ DealBook reported that Barry Diller’s People Inc. is preparing an offer to buy its unowned portion of the casino giant at an $18 billion valuation. - Shares of IBM (IBM) jumped in the early session after a video of President Trump praising the company’s CEO and discussing the stock at a December event recirculated on social media over the weekend. In the clip, Trump says IBM CEO Arvind Krishna had “taken the stock from a rather low price to a very nice price.” (Source: Bloomberg)
Meredith Whitney Advisory Group CEO Meredith Whitney says she doesn't think housing demand will be very strong this year with affordable housing remaining the key challenge. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Meredith Whitney Advisory Group CEO Meredith Whitney says she doesn't think housing demand will be very strong this year with affordable housing remaining the key challenge. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Richard Drury/DigitalVision via Getty Images Introduction & Investment Thesis The AI trade has been relentlessly pushing the S&P 500 ( SP500 ) higher since the March 30 lows, as markets believe that any economic slowdown from the Iran war would be shallow and inflation pressure from energy prices would be temporary. The good news is that corporate earnings have remained robust thus far, contributi...
Richard Drury/DigitalVision via Getty Images Introduction & Investment Thesis The AI trade has been relentlessly pushing the S&P 500 ( SP500 ) higher since the March 30 lows, as markets believe that any economic slowdown from the Iran war would be shallow and inflation pressure from energy prices would be temporary. The good news is that corporate earnings have remained robust thus far, contributing to the rally, even though it is concentrated in a handful of AI companies. Meanwhile, AI capex estimates just got revised higher , but it is no longer the operating cash flows that are funding the buildout. Instead, hyperscaler debt issuance has soared to record levels . Along with that, the volume and trading activity of hyperscaler debt insured against default, or CDS (Corporate Default Swaps), have surged as well , as investors use the instruments to de-risk against the AI trade, while banks are buying these credit derivatives to create space to keep underwriting/lending new bonds for the hyperscalers. In all of this, ROI on capex still remains a debatable topic, with FT claiming that it would be the “largest destruction of shareholder value in history” . The way I see it, the FOMO is palpable, and investor positioning is heavily crowded in AI. This is the time when any news headline or a slight disappointment in earnings can quickly snowball into massive volatility that may feel like the bursting of a bubble. It also doesn’t help when the demand for hyperscaler debt insured against default is surging, which could lead to a contagion, especially if CDS spreads start to rise in anticipation of a potential slowdown (even if temporary) in the AI buildout story. As a result, I will continue to suggest caution at these levels, as I have already raised a significant amount of cash to protect my portfolio against downside volatility. AI Capex Revised Higher Again AI-related capex has been revised higher yet again to $800B for 2026, up from $700B previously expected by analys...
Funtap/iStock via Getty Images Thesis Since I last checked in, almost exactly a year ago, I gave PagerDuty, Inc. ( PD ) its current Hold rating, and it would seem that the past year has brought the company some major changes, both positive and negative. When I initially issued that opinion, my view was that PagerDuty was moving in the right direction to achieve profitability, free cash flow, and a...
Funtap/iStock via Getty Images Thesis Since I last checked in, almost exactly a year ago, I gave PagerDuty, Inc. ( PD ) its current Hold rating, and it would seem that the past year has brought the company some major changes, both positive and negative. When I initially issued that opinion, my view was that PagerDuty was moving in the right direction to achieve profitability, free cash flow, and an extension of its platform. However, there were also some negatives, with revenue growth slowing down, inconsistencies in its sales execution, and a lack of visibility on how to get revenue re-accelerated, which is why I explained : I think that until those improvements translate into consistent bottom-line growth and reaccelerated ARR, I wouldn’t move higher than neutral. Seeking Alpha Friday's 33.74% earnings-fueled surge was impressive. The problem is the stock still trails the S&P 500 ( SP500 ) by a considerable margin. And while the company's business momentum appears to be improving and moving in a stronger direction, it still needs to prove that it can deliver meaningful and sustained growth. Until there is clearer evidence, that keeps me neutral. Is Flat Revenue Hiding A Stronger Business? Seeking Alpha Revenue : $121 million vs. Q4 $125 Revenue growth: 1% year-over-year ARR: $496 million ARR growth: flat year-over-year FY2027 revenue guidance: $488.5 million to $496.5 million. The decline in revenue has been influenced by PagerDuty's legacy pricing model, which relied on charging customers per user seat . This worked well when companies maintained steady headcount growth. However, the same model did not hold up when software companies began aggressively optimizing their workforces and reducing total employee counts. In fact, as you most likely already know, many mid-market SaaS businesses are currently under considerable financial pressure. Seat-based contracts became a kind of self-service churn machine, allowing customers to trim their bills one user at a time. ...
Elon Musk’s SpaceX (NASDAQ:SPCX)has disclosed plans to launch a public listing in the US, opening the door for investors to trade shares of the aerospace company on the stock market. The company builds rockets, operates the Starlink satellite internet network, and also controls Musk’s controversial artificial intelligence venture xAI.
Elon Musk’s SpaceX (NASDAQ:SPCX)has disclosed plans to launch a public listing in the US, opening the door for investors to trade shares of the aerospace company on the stock market. The company builds rockets, operates the Starlink satellite internet network, and also controls Musk’s controversial artificial intelligence venture xAI.
A Kalshi sign reading "Trade on what will JD Vance say at his speech?" the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Tuesday, May 27, 2025. Bridget Bennett | Bloomberg | Getty Images Prediction market platform Kalshi processed more than $17 billion in various trading contracts in May, a record amount up more than 2500% from a year ago. But while individuals drove Kalshi's astronomical g...
A Kalshi sign reading "Trade on what will JD Vance say at his speech?" the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Tuesday, May 27, 2025. Bridget Bennett | Bloomberg | Getty Images Prediction market platform Kalshi processed more than $17 billion in various trading contracts in May, a record amount up more than 2500% from a year ago. But while individuals drove Kalshi's astronomical growth over the past year, the company has focused on a new push in 2026: institutional adoption. Less than a year after trading volumes started marching consistently higher in September, Kalshi — the largest prediction market platform in the U.S. — has made a series of moves in 2026 to increase its appeal to Wall Street. Those include rhetorical shifts, partnerships with brokerage platforms and teaming up with companies to develop necessary infrastructure. And what's driving institutional interest? Hedging. Instead of having to game the financial market reactions to alleviate risks to different events, like an election or economic data report, a firm can place money on a binary contract related to that incident. "Those are tradable assets now that people can directly trade upon, as opposed to trading on a derivative of those," said Andy Ross, head of institutional at Kalshi. "So you've got better hedging." While retail's usage of the platform has led to sports-related event contracts to dominate trading volumes, sources told CNBC institutions are more interested in ones related to elections, weather incidents, macroeconomics and commodities. In Kalshi's announcement of its $22 billion valuation on May 7, the company highlighted its institutional growth rather than its retail gains. Over the prior six months, institutional trading volumes were up more than 800%, the company said. However, Kalshi has yet to reveal what the dollar volumes are for the subgroup of traders, making it unclear how much that surge represents. The outlook for institutional adoption is what's driving ...
Feature article - America’s semiconductor facilities are being built: The speciality chemical supply chains that feed them are not Speciality Chemicals Magazine
Feature article - America’s semiconductor facilities are being built: The speciality chemical supply chains that feed them are not Speciality Chemicals Magazine