Lovable and Google signed an expanded multi-year deal athat involves a 5x expansion of Lovable's footprint on Google Cloud, and expanded access to Anthropic Claude.
Lovable and Google signed an expanded multi-year deal athat involves a 5x expansion of Lovable's footprint on Google Cloud, and expanded access to Anthropic Claude.
Leila Melhado/iStock Editorial via Getty Images Investment Thesis Recently, MercadoLibre, Inc. ( MELI ) has fallen nearly 40% from its all-time high due to the market's perceived margin pressure (operating margin collapsed from 12.9% in Q1 2025 to 6.9% in Q1 2026), which I think is a willing decision of the management instead of a company downturn. The metric the market should focus on is not marg...
Leila Melhado/iStock Editorial via Getty Images Investment Thesis Recently, MercadoLibre, Inc. ( MELI ) has fallen nearly 40% from its all-time high due to the market's perceived margin pressure (operating margin collapsed from 12.9% in Q1 2025 to 6.9% in Q1 2026), which I think is a willing decision of the management instead of a company downturn. The metric the market should focus on is not margin but the combination of GMV growth and take rate. Every large e-commerce and fintech platform eventually faces two laws of gravity: volume growth decelerates as the base compounds, and take rates compress as competitors force pricing concessions. MELI, at $87.2 billion in quarterly TPV and $19 billion in quarterly GMV, does not face the same. A platform that can grow faster while extracting more per transaction is not a platform under pressure, but one whose merchant and consumer dependency is structurally deepening. This is what is not priced in at the current level. I am initiating coverage with a Buy rating and a price target of about $2,300. Defying Both Laws Of Platform Scale Simultaneously If GMV growth is accelerating AND take rates are expanding simultaneously at MELI's scale, then the platform is deepening a structural moat that competition cannot easily contest, instead of a struggling company that the market is pricing. MELI Most investors, when asked about the future potential of MELI, say that at $87 billion in quarterly TPV and $19 billion in quarterly GMV, deceleration is simply arithmetic: the denominator grows, the growth rate falls, and the platform must eventually cut take rates to sustain volume. Admittedly, that is how it has worked at every comparable scale - at Alibaba under competitive pressure from PDD Holdings, at Sea Limited as it moved from hyper-growth to margin management, and at Amazon as core marketplace growth slowed through the 2020s. But MELI is doing none of that. In Q1 2026, GMV reached $19.0 billion, up 42% year-over-year—the fastest ...
A $2.25 billion leveraged loan for McKesson Corp. ’s medical-surgical unit priced on Wednesday, ahead of its planned initial public offering. The six-year debt for McKesson Medical-Surgical Top Holdings Inc. has a margin 2.25 percentage points above benchmark and was issued at 99.5 cents on the dollar, according to a person familiar with the matter who asked not to be identified. Price talk on the...
A $2.25 billion leveraged loan for McKesson Corp. ’s medical-surgical unit priced on Wednesday, ahead of its planned initial public offering. The six-year debt for McKesson Medical-Surgical Top Holdings Inc. has a margin 2.25 percentage points above benchmark and was issued at 99.5 cents on the dollar, according to a person familiar with the matter who asked not to be identified. Price talk on the loan was tightened Tuesday, nearly a week after launching . Proceeds will repay intercompany debt to McKesson and go toward general corporate purposes, the person added. JPMorgan Chase & Co. led the sale. McKesson announced in May 2025 it planned to make its medical surgical solutions business a separate publicly traded company. A deal was unveiled in April whereby Apollo Global Management Inc. -managed funds would invest $1.25 billion into the unit, implying an enterprise value of about $13 billion. McKesson has already completed a pair of $1 billion financing transactions for the unit, Chief Executive Officer Brian Tyler said during the company’s earnings call last month. Just- retired Chief Financial Officer Britt Vitalone added during the call that term loans were expected to be issued this quarter “to satisfy existing intercompany agreements with McKesson.” Payment from the unit is expected to be used largely by McKesson for share repurchases, Vitalone said.
Marvell Technology (MRVL) is becoming one of Wall Street's hottest AI stocks after Nvidia (NVDA) CEO Jensen Huang called the specialized chip leader the "next trillion-dollar company".
Marvell Technology (MRVL) is becoming one of Wall Street's hottest AI stocks after Nvidia (NVDA) CEO Jensen Huang called the specialized chip leader the "next trillion-dollar company".
Marvell Technology (MRVL) is becoming one of Wall Street's hottest AI stocks after Nvidia (NVDA) CEO Jensen Huang called the specialized chip leader the "next trillion-dollar company".
Marvell Technology (MRVL) is becoming one of Wall Street's hottest AI stocks after Nvidia (NVDA) CEO Jensen Huang called the specialized chip leader the "next trillion-dollar company".
Central Bank Gold Buying Rebounds In April From Dramatic March Selloff First the good news: according to the latest World Gold Council update , central banks, a key pillar of the bullish case for gold, have returned to adding holdings in April after notable selling in March sent the price of the precious metal tumbling. The 17 ton purchase represents a turnaround from steep sales in March, which a...
Central Bank Gold Buying Rebounds In April From Dramatic March Selloff First the good news: according to the latest World Gold Council update , central banks, a key pillar of the bullish case for gold, have returned to adding holdings in April after notable selling in March sent the price of the precious metal tumbling. The 17 ton purchase represents a turnaround from steep sales in March, which at nearly 30 tons were the largest monthly gold sales in years, driven almost entirely by Turkey. Poland remained the top buyer in the month, while China accelerated its pace of purchases. According to WGC, Poland remained be the top buyer in the month (14t), while China intensified its pace of purchases: its 8t net purchase was the highest since December 2024 and extends its current buying run to 18 consecutive months. The Czech Republic shows similar consistency in purchases, having bought 3t in April, its 38th consecutive monthly purchase. Meanwhile, Russia continues its sales streak this month (6t), with y-t-d sales of 22t. Reported activity in April and y-t-d was concentrated in: National Bank of Poland drove much of April’s buying activity, having bought 14t. This brings Poland’s y-t-d gold purchases to 45t with its gold reserves at595t or about 30% of its total reserves. People’s Bank of China added 8t to its gold reserves during the month, highest since December 2024. Official gold reserves now stand at 9% of total reserves or around 2,322t. China has been consistently purchasing gold over the past 18 consecutive months. Czech National Bank’s modest but consistent 2t net purchases in April brings its gold reserves to 79t or 6% of its total reserves. Meanwhile, Central Bank of Uzbekistan sold 1t this month, though on a y-t-d basis, it remains a net purchaser (24t) and is second only to Poland. Uzbekistan’s reserves make up 88% of its total reserves or around 414t. Central Bank of Russia continued it recent streak of net sales for the fourth month with reported April n...
Choosing between Snowflake (NYSE:SNOW) and MongoDB (NASDAQ:MDB) involves weighing massive data warehousing scale against flexible database agility. Both companies are pivotal to the modern cloud ecosystem for retail investors. Snowflake specializes in centralizing fragmented data across different cloud providers, while MongoDB offers a flexible document database that developers love for building m...
Choosing between Snowflake (NYSE:SNOW) and MongoDB (NASDAQ:MDB) involves weighing massive data warehousing scale against flexible database agility. Both companies are pivotal to the modern cloud ecosystem for retail investors. Snowflake specializes in centralizing fragmented data across different cloud providers, while MongoDB offers a flexible document database that developers love for building modern applications. As enterprises prioritize digital transformation and artificial intelligence, both companies serve as critical infrastructure. This comparison evaluates their financials and valuations to see which represents a better opportunity today. Snowflake provides its AI Data Cloud, a platform used for data engineering and analytics. The company serves 790 of the Forbes Global 2000 firms and has over 733 customers that contribute more than $1 million in annual product revenue. As organizations worldwide increasingly invest in tech stocks to modernize their data stacks, the company continues to expand its reach across multiple public clouds. It effectively helps businesses break down data silos to gain better insights. Continue reading
JHVEPhoto/iStock Editorial via Getty Images Executive Summary Broadcom Inc.’s ( AVGO ) after-hours decline was not caused by poor quarterly results. Instead, it was almost the opposite: the result of excellent numbers meeting even higher expectations. This may seem unbelievable, but in reality the quarterly results were better than analysts’ estimates. And yet the stock fell as much as 12%. The ac...
JHVEPhoto/iStock Editorial via Getty Images Executive Summary Broadcom Inc.’s ( AVGO ) after-hours decline was not caused by poor quarterly results. Instead, it was almost the opposite: the result of excellent numbers meeting even higher expectations. This may seem unbelievable, but in reality the quarterly results were better than analysts’ estimates. And yet the stock fell as much as 12%. The actual performance was strong, but the stock had already priced in an even more aggressive outcome. Seeking Alpha Therefore, I believe that while the recent aftermarket decline does not diminish my view of the quality of the company, it does tell us a lot about the general behavior of the market. Broadcom continues to be one of the top players in AI infrastructure and generates exceptional margins and large amounts of cash relative to peers. However, like many other stocks with similar characteristics, Broadcom is now being heavily followed by investors and is likely to be viewed as “overpriced” at current levels. Broadcom has been in my portfolio for quite some time. However, I am holding it at this time with relatively small exposure to the position. While my confidence in the Company has not diminished, my lack of confidence in the current market environment led me to reduce my exposure to Broadcom a few weeks ago. Following the semiconductor sector’s rally and with a month filled with new IPOs and meetings from central bankers, I am focused on making tactical decisions and maintaining flexibility within my portfolios. I have detailed these views of the current market conditions extensively in my earlier articles . In my opinion, Broadcom is a great company. However, like most other great companies regardless of their strength and fundamentals, even great companies can become less attractive investments if their stock prices reflect too much positive sentiment. The Print In One Glance The company reported revenues of $22.2 billion during the last quarter. Year-over-year re...
JHVEPhoto/iStock Editorial via Getty Images Executive Summary Broadcom Inc.’s ( AVGO ) after-hours decline was not caused by poor quarterly results. Instead, it was almost the opposite: the result of excellent numbers meeting even higher expectations. This may seem unbelievable, but in reality the quarterly results were better than analysts’ estimates. And yet the stock fell as much as 12%. The ac...
JHVEPhoto/iStock Editorial via Getty Images Executive Summary Broadcom Inc.’s ( AVGO ) after-hours decline was not caused by poor quarterly results. Instead, it was almost the opposite: the result of excellent numbers meeting even higher expectations. This may seem unbelievable, but in reality the quarterly results were better than analysts’ estimates. And yet the stock fell as much as 12%. The actual performance was strong, but the stock had already priced in an even more aggressive outcome. Seeking Alpha Therefore, I believe that while the recent aftermarket decline does not diminish my view of the quality of the company, it does tell us a lot about the general behavior of the market. Broadcom continues to be one of the top players in AI infrastructure and generates exceptional margins and large amounts of cash relative to peers. However, like many other stocks with similar characteristics, Broadcom is now being heavily followed by investors and is likely to be viewed as “overpriced” at current levels. Broadcom has been in my portfolio for quite some time. However, I am holding it at this time with relatively small exposure to the position. While my confidence in the Company has not diminished, my lack of confidence in the current market environment led me to reduce my exposure to Broadcom a few weeks ago. Following the semiconductor sector’s rally and with a month filled with new IPOs and meetings from central bankers, I am focused on making tactical decisions and maintaining flexibility within my portfolios. I have detailed these views of the current market conditions extensively in my earlier articles . In my opinion, Broadcom is a great company. However, like most other great companies regardless of their strength and fundamentals, even great companies can become less attractive investments if their stock prices reflect too much positive sentiment. The Print In One Glance The company reported revenues of $22.2 billion during the last quarter. Year-over-year re...