JHVEPhoto/iStock Editorial via Getty Images US-Iran peace talks remain ongoing. Rumors and social media posts hinting at a durable ceasefire seem to cross the wires each day. Still, WTI crude oil is up 67% on the year, with Energy stocks holding big 2026 gains. Within the oil & gas space, Chevron ( CVX ) has posted a more-than-healthy 32% total return. I had a buy rating on CVX back in November, a...
JHVEPhoto/iStock Editorial via Getty Images US-Iran peace talks remain ongoing. Rumors and social media posts hinting at a durable ceasefire seem to cross the wires each day. Still, WTI crude oil is up 67% on the year, with Energy stocks holding big 2026 gains. Within the oil & gas space, Chevron ( CVX ) has posted a more-than-healthy 32% total return. I had a buy rating on CVX back in November, and shares are up 24% since then, outperforming the S&P 500 by 15 percentage points. With Q1 numbers in hand and a much higher WTI forward futures curve, I am lifting my CVX price target and reiterating a buy rating. I’ll offer color on the quarter and a refreshed technical situation today. Oil Outperforming CVX YTD, Both Beating SPY StockCharts .com Back in May, Chevron reported a solid set of quarterly results. Q1 non-GAAP EPS of $1.41 topped the Wall Street consensus forecast of $0.97, while revenue of $48.6 billion, up 2% from the same period a year earlier, was a material $4.1 billion miss. Its worldwide and US production rose by 15% and 24%, respectively. The firm returned $6 billion to shareholders during the January through March period. But shares dipped 1.4% in the session that followed, which was actually the worst earnings-day change since January 2025. Looking ahead to the July report, the options market prices in a larger-than-average 5.1% earnings-related stock price swing based on the at-the-money straddle expiring after the release, according to data from Option Research & Technology Services. CVX now sports a moderate 29.7% implied volatility percentage, while short interest on the $374 billion market cap stock is low at 1.01%. Looking back on the quarter that was, Chevron got off to a strong start to the year, with total worldwide net oil and gas production rising to 3.858 million barrels of oil equivalent per day (BOE/D), up from 3.353 million BOE/D in Q1 of 25. Gains were driven heavily by growth in Guyana, the Bakken, the Gulf of America, and the Permia...
I just spent two weeks in a broken Britain, which is an unfortunately apt description for a country that has fallen from its former glory. Its people are funny, witty, creative, intelligent, sports-mad and educated, part of a society that has constantly evolved over the last millennium, its imperial heritage bringing in cultures from around the globe. It is a green and pleasant land, beautiful in ...
I just spent two weeks in a broken Britain, which is an unfortunately apt description for a country that has fallen from its former glory. Its people are funny, witty, creative, intelligent, sports-mad and educated, part of a society that has constantly evolved over the last millennium, its imperial heritage bringing in cultures from around the globe. It is a green and pleasant land, beautiful in spring and summer, and not too bad in the autumn. Yet the once great nation is now dealing with a...
With just two weeks to go, StrictlyVC Los Angeles is quickly approaching. On Thursday, June 18, at The Aerospace Corporation Campus in El Segundo. Investors, founders, and tech leaders will gather for an evening of conversations exploring some of the most consequential shifts taking place across venture capital, defense technology, artificial intelligence, and advanced industry. Secure your spot h...
With just two weeks to go, StrictlyVC Los Angeles is quickly approaching. On Thursday, June 18, at The Aerospace Corporation Campus in El Segundo. Investors, founders, and tech leaders will gather for an evening of conversations exploring some of the most consequential shifts taking place across venture capital, defense technology, artificial intelligence, and advanced industry. Secure your spot here. For […]
Almonty Industries ( ALM ) announced on Wednesday a plan to raise $700M via a convertible senior notes offering due 2031, with an option to add another $100M. The structure allows debt to be converted into equity, which means possible future share dilution for existing shareholders. The proceeds will be used to refinance existing debt, strengthen working capital, and fund potential acquisitions an...
Almonty Industries ( ALM ) announced on Wednesday a plan to raise $700M via a convertible senior notes offering due 2031, with an option to add another $100M. The structure allows debt to be converted into equity, which means possible future share dilution for existing shareholders. The proceeds will be used to refinance existing debt, strengthen working capital, and fund potential acquisitions and general operations. A part of the proceeds will be used for financial hedging (capped call deals) to reduce dilution risk from future share conversion. The deal is still subject to TSX and regulatory approval before closing. The stock crashed ~12.48% at ~$18.10 in the after-hours trading session. Source: Press Release More on Almonty Industries Inc. Almonty Industries: Memory Supercycle And Iran War Cause Tungsten Shortage, Making This Stock A Buy Almonty Industries: Ride The Tungsten Supercycle Almonty Industries set to join Russell 1000, Russell 3000 Indexes Almonty Industries GAAP EPS of -$0.02 misses by $0.03, revenue of $25.4M beats by $7.46M Historical earnings data for Almonty Industries Inc.
Leeds 24-16 St Helens Rhinos recover from eight points behind at half-time Leeds Rhinos finally ended their decade-long wait for a home victory over their great rivals St Helens to solidify their position at the Super League summit. Incredibly, Leeds had lost nine consecutive home games against the Saints dating back to 2017. That includes the unforgettable playoff clash between the two sides last...
Leeds 24-16 St Helens Rhinos recover from eight points behind at half-time Leeds Rhinos finally ended their decade-long wait for a home victory over their great rivals St Helens to solidify their position at the Super League summit. Incredibly, Leeds had lost nine consecutive home games against the Saints dating back to 2017. That includes the unforgettable playoff clash between the two sides last year when St Helens snatched victory from the jaws of defeat with a dramatic late try for Shane Wright to end the Rhinos’ title hopes. Continue reading...
S&P 500 (SNPINDEX:^GSPC) up 0.41% to 7,584.31, Nasdaq Composite (NASDAQINDEX:^IXIC) down 0.09% to 26,830.96 on chip weakness, and Dow Jones Industrial Average (DJINDICES:^DJI) up 1.73% to a record 51,561.93 as value stocks led.
S&P 500 (SNPINDEX:^GSPC) up 0.41% to 7,584.31, Nasdaq Composite (NASDAQINDEX:^IXIC) down 0.09% to 26,830.96 on chip weakness, and Dow Jones Industrial Average (DJINDICES:^DJI) up 1.73% to a record 51,561.93 as value stocks led.
AT&T and Verizon lost an attempt to overturn fines for selling users’ real-time location data without consent, as the Supreme Court ruled today that the Federal Communications Commission process for issuing financial penalties did not violate the right to a jury trial. AT&T convinced the US Court of Appeals for the 5th Circuit to overturn its fine last year, while Verizon lost in the 2nd Circuit. ...
AT&T and Verizon lost an attempt to overturn fines for selling users’ real-time location data without consent, as the Supreme Court ruled today that the Federal Communications Commission process for issuing financial penalties did not violate the right to a jury trial. AT&T convinced the US Court of Appeals for the 5th Circuit to overturn its fine last year, while Verizon lost in the 2nd Circuit. The Supreme Court took up the case to resolve the circuit split and reversed the 5th Circuit decision in today's ruling , which was 8-1 with Justice Clarence Thomas dissenting. AT&T and Verizon were fined a total of $104 million by the FCC in 2024 for violations revealed in 2018 . The carriers paid their fines and challenged them in circuit appeals courts, where judges’ panels ruled on the cases. Carriers claimed this system deprived them of the Seventh Amendment right to a jury trial. Read full article Comments
Broadcom (NASDAQ:AVGO), which designs and supplies semiconductor devices and infrastructure software solutions, closed Thursday at $418.91, down 12.59%. The stock fell after fiscal Q2 results and AI guidance, which showed strong growth but disappointed lofty expectations. Investo
Broadcom (NASDAQ:AVGO), which designs and supplies semiconductor devices and infrastructure software solutions, closed Thursday at $418.91, down 12.59%. The stock fell after fiscal Q2 results and AI guidance, which showed strong growth but disappointed lofty expectations. Investo
US Agriculture Secretary Brooke Rollins told lawmakers on Thursday that American dependence on China for food, fertiliser and other agricultural inputs poses an “existential” threat, framing food security as a national security issue while defending the White House’s reduced fiscal 2027 budget request. “If we need to rely on China for our food and our fertiliser and all the things that come with t...
US Agriculture Secretary Brooke Rollins told lawmakers on Thursday that American dependence on China for food, fertiliser and other agricultural inputs poses an “existential” threat, framing food security as a national security issue while defending the White House’s reduced fiscal 2027 budget request. “If we need to rely on China for our food and our fertiliser and all the things that come with that, we will lose what we understand to be liberty and freedom in this country. That’s how important...
Announcement seeks to close a difficult chapter for the company after the Guardian revealed its platform was used in mass surveillance of Palestinians Microsoft has said it will tighten human-rights controls when working with national security agencies after an inquiry into how the Israeli military used its cloud technology for the mass surveillance of Palestinians. On Thursday, Microsoft announce...
Announcement seeks to close a difficult chapter for the company after the Guardian revealed its platform was used in mass surveillance of Palestinians Microsoft has said it will tighten human-rights controls when working with national security agencies after an inquiry into how the Israeli military used its cloud technology for the mass surveillance of Palestinians. On Thursday, Microsoft announced the completion of the inquiry and a series of new measures that include changes to how the company oversees employees with security clearances issued by foreign governments. Continue reading...