kyoshino/E+ via Getty Images 5:30 AM Challenger Job-Cut Report This monthly report counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor. 8:30 AM Jobless Claims New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. Claims are expected to drop to 212K from 2...
kyoshino/E+ via Getty Images 5:30 AM Challenger Job-Cut Report This monthly report counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor. 8:30 AM Jobless Claims New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. Claims are expected to drop to 212K from 215K last week, moving back toward the 4-week moving average of 209K after rising 5K last week from 210K. 8:30 AM Productivity and Costs Productivity measures the growth of labor efficiency in producing the economy's goods and services. Revised Q1 productivity and costs are expected to show gains of 0.7 percent, revised down a tick, and 2.3 percent unrevised, respectively. 8:30 AM Thomas Barkin Speaks Richmond Federal Reserve Bank President Thomas Barkin participates in a fireside chat before the Loudon County Chamber of Commerce. 10:30 AM EIA Natural Gas Report The Energy Information Administration, or EIA, provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. 1:10 PM Mary Daly Speaks San Francisco Federal Reserve Bank President Mary Daly participates in a panel before the Bloomberg Technology Summit. 4:30 PM Fed Balance Sheet The Fed's balance sheet is a weekly report presenting a consolidated balance sheet for all 12 Reserve Banks that lists factors supplying reserves into the banking system and factors absorbing reserves from the system. More on U.S. Markets Investment Strategy For The Upcoming Inflationary Recession Macro Insights: The 'Dangerous Market' Playbook, 1999 Redux, And Navigating RAMpocalypse Midyear Forum: Speed Meets Scarcity Is the dot-plot already dead? JPMorgan sees the bond yield surge fading in the second half of 2026
SpaceX's initial public offering (IPO) may already be creating wealth even before public investors buy a single share. According to Reuters, the company is targeting a valuation of roughly $1.75 trillion, up sharply from the $1.25 trillion combined valuation assigned after its merger with xAI in February 2026. As anticipation builds for what could become the biggest IPO ever, investors are increas...
SpaceX's initial public offering (IPO) may already be creating wealth even before public investors buy a single share. According to Reuters, the company is targeting a valuation of roughly $1.75 trillion, up sharply from the $1.25 trillion combined valuation assigned after its merger with xAI in February 2026. As anticipation builds for what could become the biggest IPO ever, investors are increasingly seeking indirect ways to gain exposure before the listing. Here are three ways to get indirect exposure to this rocket and satellite company . Image source: Getty Images. Continue reading
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This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day. Please don't leave political comments on other articles or posts on the site. The comments below are not regulated with the same rigor as the rest of the site, and this is an 'enter at your own risk' area as discussion can get very heated. If you can't stand the heat... you know what they say... More on Today's Markets: Moderation Guidelines: We remove comments under the following categories: Personal attacks on another user account Anti-Vaxxer or covid related misinformation Stereotyping, prejudiced or racist language about individuals or the topic under discussion. Inciting violence messages, encouraging hate groups and political violence. Regardless of which side of the political divide you find yourself, please be courteous and don't direct abuse at other users. For any issue with regards to comments please email us at : moderation@seekingalpha.com. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Marc Bruxelle/iStock via Getty Images The momentum factor leads the way in the US stock market. As all eyes are on tech (new and old), AI, and high-beta plays, momentum has been a winner flying under the radar. The Invesco S&P MidCap Momentum ETF ( XMMO ) has returned 24% on the year, easily outpacing the S&P 500 ETF’s ( SPY ) 11% total gain. I had a hold rating on XMMO back in May 2025 . Shares h...
Marc Bruxelle/iStock via Getty Images The momentum factor leads the way in the US stock market. As all eyes are on tech (new and old), AI, and high-beta plays, momentum has been a winner flying under the radar. The Invesco S&P MidCap Momentum ETF ( XMMO ) has returned 24% on the year, easily outpacing the S&P 500 ETF’s ( SPY ) 11% total gain. I had a hold rating on XMMO back in May 2025 . Shares have surged, despite the big drop in the first month after my previous analysis, tallying a 45% total return, and outperforming the S&P 500 by some 11 percentage points. Today, with the momentum factor appearing extended and June being a rather lackluster month for XMMO, I reiterate a hold rating. I expect another short-term dip (perhaps not to the same extreme degree we all experienced in March-early April 2025), and I’ll lay out the fundamentals and technicals today. XMMO Smashing SPY YTD, Lags Large-Cap MTUM Stockcharts.com Momentum Leads Across Timeframes WisdomTree Funds According to the issuer , XMMO is based on the S&P Midcap 400 Momentum Index. The Fund will invest at least 90% of its total assets in the component securities that compose the Index. The Index comprises the 80 securities in the S&P Midcap 400 Index with the highest “momentum scores,” which are computed by measuring each security's upward price movements relative to other eligible stocks within the S&P Midcap 400 Index. The Fund and the Index are rebalanced and reconstituted semi-annually. XMMO is a large ETF, now with $7.6 billion in assets under management as of June 2, 2026. That’s up from just $3.5 billion at the time of my last assessment. Its annual expense ratio is modest at just 0.35%, while the trailing 12-month dividend yield is low at only 0.61%. I’ll call out later why that’s the case, as it has a lot to do with the sector makeup at the moment. But share-price momentum has been intense (to the good side) in recent months, earning the product an impressive A ETF Grade in that category by Seek...
Marvell Technology, Broadcom and Navitas Semiconductor rallied to fresh yearly highs amid a series of positive company developments and future expectations.
Marvell Technology, Broadcom and Navitas Semiconductor rallied to fresh yearly highs amid a series of positive company developments and future expectations.
Denis Shevchuk/iStock via Getty Images ET stock: Gas brightens the future I last analyzed Energy Transfer LP stock ( ET ) on April 16 with an article titled "Energy Transfer: Energy Price Fluctuations Are Noisy, Dividend Is The Signal". As stated in the title, the article focused on the commodity price changes due to the geopolitics in the Mideast as the Iran war broke out and rated the stock as a...
Denis Shevchuk/iStock via Getty Images ET stock: Gas brightens the future I last analyzed Energy Transfer LP stock ( ET ) on April 16 with an article titled "Energy Transfer: Energy Price Fluctuations Are Noisy, Dividend Is The Signal". As stated in the title, the article focused on the commodity price changes due to the geopolitics in the Mideast as the Iran war broke out and rated the stock as a hold. Since then, a few new catalysts have evolved surrounding this midstream stock and motivated this follow-up. In the remainder of this article, I will concentrate on the top 2 catalysts on my list: its FQ1 2026 earnings report (ER) and also the rating change from Wall Street analysts. As a background, the companies released its FQ1 ER on May 5, 2026. And shortly afterwards, Wall Street analysts raised their rating to Strong Buy from their earlier Buy rating. The data in the image below provides more details. As seen, the average analyst rating currently sits at an impressive 4.57. Also, in the past 1 year, the sentiment on the street has changed a few times but is bullish overall. For the most part of 1H 2026, the street has been rating the stock a buy. Thus, I feel it's logical to assume that the recent rating upgrade was because Wall Street liked the picture they saw in the ER. Looking further, it seemed to me that a key factor behind the street's upgrade was the potential of ET's gas business. As an example, the rationale for Jeffries rating upgrade starts with stronger growth outlook for gas. As a contrarian investor, I normally take prevailing ratings with a big grain of salt. But in this case, after looking through the ER in detail, I find myself in agreement with Wall Street for reasons detailed next. SA news: Energy Transfer raised to Buy at Jefferies on stronger growth outlook for gas, liquids… Energy Transfer's ( ET ) fundamentals are stronger across the board than when the firm initiated coverage, pointing to U.S. production trends and rising Permian gas-oil...
Government rejects offshore rubbish being shipped to Fiji and burned after opposition from traditional landowners and tourism operators The Fijian government has rejected a plan by an Australian billionaire to burn rubbish for energy in Fiji after backlash from traditional landowners and tourism operators. The plan to ship non-recyclable rubbish from across the region to Fiji, popular with tourist...
Government rejects offshore rubbish being shipped to Fiji and burned after opposition from traditional landowners and tourism operators The Fijian government has rejected a plan by an Australian billionaire to burn rubbish for energy in Fiji after backlash from traditional landowners and tourism operators. The plan to ship non-recyclable rubbish from across the region to Fiji, popular with tourists for its pristine beaches, and build an incinerator to consume 900,000 tonnes of waste a year had been labelled “waste colonialism” by villagers. Continue reading...