(RTTNews) - Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, on spiking crude oil prices after new attacks in the Middle East stalled the signing of a U.S.-Iran peace agreement, delaying the reopening of the
(RTTNews) - Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, on spiking crude oil prices after new attacks in the Middle East stalled the signing of a U.S.-Iran peace agreement, delaying the reopening of the
Super Micro Computer (NasdaqGS:SMCI) has rolled out its AMD Helios rack-scale AI platform aimed at hyperscale AI, sovereign AI, and large language model deployments. The company introduced new Arm AGI CPU powered servers designed for dense, power efficient agentic AI workloads. Super Micro Computer signed a US$2b AI infrastructure deal with Gorilla Technology focused on projects in India and the b...
Super Micro Computer (NasdaqGS:SMCI) has rolled out its AMD Helios rack-scale AI platform aimed at hyperscale AI, sovereign AI, and large language model deployments. The company introduced new Arm AGI CPU powered servers designed for dense, power efficient agentic AI workloads. Super Micro Computer signed a US$2b AI infrastructure deal with Gorilla Technology focused on projects in India and the broader Asia-Pacific region. Super Micro Computer (NasdaqGS:SMCI) is best known for supplying...
Lucas Villalba/iStock via Getty Images I've been a shareholder in Brazil-based neobank Nu Holdings ( NU ) for the past year. I started buying stock around $12/share during last year's correction. Initially, that seemed like a timely entry, as the stock rallied 50% in the back half of 2025. And I reiterated a bullish position in February, arguing that Nu had several potential positive catalysts for...
Lucas Villalba/iStock via Getty Images I've been a shareholder in Brazil-based neobank Nu Holdings ( NU ) for the past year. I started buying stock around $12/share during last year's correction. Initially, that seemed like a timely entry, as the stock rallied 50% in the back half of 2025. And I reiterated a bullish position in February, arguing that Nu had several potential positive catalysts for this year. That appears to have been a mistake, at least so far. Rather than anything bullish occurring, the stock has round-tripped back to my original $12 cost basis and is now merely flat over the past year: Data by YCharts This drawdown has certainly scared a lot of the company's investors. However, Nu's bull case remains firmly intact. I believe the stock should bottom soon and will ultimately go on to make new highs over the next year or two. Here's why the stock has sold off and why I think the bullish argument will still ultimately carry the day. On The Credit Cycle And Nu's Positioning I think the bull case for Nu really speaks for itself. The stock is trading at 14x this year's estimated earnings. Meanwhile, analysts are forecasting that Nu will grow revenues 39% and increase EPS by 43% in the current year. It's extremely rare to find that sort of growth at a business that is already as large and successful as Nu is while it trades at a low teens forward P/E ratio. Furthermore, many people are bullish on NU stock. To give one example, as of this writing, the past 13 articles about Nu Holdings published on Seeking Alpha have all been "buy" or "strong buy" ratings. Needless to say, given my "strong buy" rating, that I agree with this general sentiment. However, I want to focus this article on what could go wrong and why the stock has been trading poorly over the past quarter. Arguably the biggest overarching risk is that credit losses will increase. Analysts are increasingly nervous about the quality of Brazilian loan books. This comes following a period of ultra-r...
J Studios/DigitalVision via Getty Images Overview When I previously covered the Eaton Vance Tax-Managed Buy-Write Income Fund ( ETB ), I issued a buy rating because of the potential to collect tax-efficient dividends over time. While this is still a major benefit of the fund, I wanted to reassess the forward-looking potential. Since my last coverage, the fund has provided some small upside growth ...
J Studios/DigitalVision via Getty Images Overview When I previously covered the Eaton Vance Tax-Managed Buy-Write Income Fund ( ETB ), I issued a buy rating because of the potential to collect tax-efficient dividends over time. While this is still a major benefit of the fund, I wanted to reassess the forward-looking potential. Since my last coverage, the fund has provided some small upside growth and a positive total return. I believe that ETB is likely to continue underperforming traditional market indices, but if an investor understands this, there is still plenty of value to be captured here. More specifically, ETB is great for retirees who are seeking income while also maintaining exposure to the indices. One of the major appeals of the fund right now is the valuation. Following the market decline in 2022, ETB never fully recovered to its prior price to NAV range. I believe in a healthier operating environment, ETB will eventually be able to regain enough positive momentum to get back to its prior range, either through capital appreciation or boosted payouts. For instance, ETB now trades at a discount to NAV of 7.32%. Referring to the red line on the graph below, we can visualize how deep of a discount this is compared to ETB's historical price to NAV range over the last decade. CEFData.com ETB now offers investors a starting dividend yield of 8.2% while issuing those payouts on a monthly basis. The fund continues to demonstrate its ability to produce earnings that can support those distributions with ease. As long as the earnings remain consistent, the underlying NAV will also steadily increase over time. This makes ETB a great candidate for investors that want to implement a straightforward buy-and-hold strategy over the next few years. With rising catalysts related to AI growth, I believe that ETB is positioned to continue delivering attractive returns. Fund Strategy According to the latest fund overview , ETB now has total fund assets of $494.3M that are spr...
Stocks sank Thursday after a disappointing forecast by chip giant Broadcom stoked concerns about the AI trade, while stronger-than-expected US data compounded speculation the Federal Reserve could hike interest rates.Speculation is rising that a strong reading -- which would compound the war-fuelled spike in inflation -- could put more pressure on the Fed to hike rates.
Stocks sank Thursday after a disappointing forecast by chip giant Broadcom stoked concerns about the AI trade, while stronger-than-expected US data compounded speculation the Federal Reserve could hike interest rates.Speculation is rising that a strong reading -- which would compound the war-fuelled spike in inflation -- could put more pressure on the Fed to hike rates.
Bloomberg's Michael Hytha discusses SpaceX's record-breaking IPO and why Elon Musk will be retaining 84% voting control after the company goes public. (Source: Bloomberg)
Bloomberg's Michael Hytha discusses SpaceX's record-breaking IPO and why Elon Musk will be retaining 84% voting control after the company goes public. (Source: Bloomberg)