BING-JHEN HONG/iStock Editorial via Getty Images Nvidia ( NVDA ) shares are trading at their cheapest valuation since before the AI boom despite the chipmaker's strong growth outlook, according to a Bloomberg analysis. The stock has fallen about 16% since reaching a record high on May 14, erasing roughly $1T in market value, as investors rotate into rival semiconductor companies, particularly memo...
BING-JHEN HONG/iStock Editorial via Getty Images Nvidia ( NVDA ) shares are trading at their cheapest valuation since before the AI boom despite the chipmaker's strong growth outlook, according to a Bloomberg analysis. The stock has fallen about 16% since reaching a record high on May 14, erasing roughly $1T in market value, as investors rotate into rival semiconductor companies, particularly memory chipmakers like Micron Technology ( MU ). Other competitors, including Advanced Micro Devices ( AMD ) +141% YTD and Intel ( INTC ) +199%, have also significantly outperformed Nvidia this year. The selloff has left Nvidia trading at about 18 times projected earnings over the next 12 months, its lowest forward valuation since early 2019, according to Bloomberg-compiled data. The stock now trades at a lower earnings multiple than both the S&P 500 ( SP500 ), which is valued at more than 20 times forward earnings, and the Nasdaq 100 ( NDX ), which trades at nearly 23 times. Despite being projected to deliver the fourth-fastest revenue growth in the S&P 500 this year, Nvidia now trades at a lower valuation than about half the companies in the index, including Hershey ( HSY ) and Dominion Energy ( D ). Nvidia's rally has also cooled sharply after an explosive run fueled by AI demand. The stock surged more than 1,100% between the end of 2022 and 2025 as demand for its graphics processing units (GPUs) skyrocketed, but it has gained just 5.6% so far in 2026, lagging the S&P 500's 9.6% advance and the Nasdaq 100's 16% rise. Meanwhile, the Philadelphia Semiconductor Index ( SOX ) has climbed ~74% this year, putting it on track for its strongest annual performance since 2003. The rally has been led by Micron ( MU ), whose shares have surged 229% in 2026 after jumping 239% in 2025, driven by soaring demand and prices for high-bandwidth memory chips. More on Nvidia Nvidia: The Outlier In AI Remains A Buy Nvidia: Jensen's Anti-ASICs Alliance (Rating Downgrade) Nvidia Just Entered A $200...
BING-JHEN HONG/iStock Editorial via Getty Images Nvidia ( NVDA ) shares are trading at their cheapest valuation since before the AI boom despite the chipmaker's strong growth outlook, according to a Bloomberg analysis. The stock has fallen about 16% since reaching a record high on May 14, erasing roughly $1T in market value, as investors rotate into rival semiconductor companies, particularly memo...
BING-JHEN HONG/iStock Editorial via Getty Images Nvidia ( NVDA ) shares are trading at their cheapest valuation since before the AI boom despite the chipmaker's strong growth outlook, according to a Bloomberg analysis. The stock has fallen about 16% since reaching a record high on May 14, erasing roughly $1T in market value, as investors rotate into rival semiconductor companies, particularly memory chipmakers like Micron Technology ( MU ). Other competitors, including Advanced Micro Devices ( AMD ) +141% YTD and Intel ( INTC ) +199%, have also significantly outperformed Nvidia this year. The selloff has left Nvidia trading at about 18 times projected earnings over the next 12 months, its lowest forward valuation since early 2019, according to Bloomberg-compiled data. The stock now trades at a lower earnings multiple than both the S&P 500 ( SP500 ), which is valued at more than 20 times forward earnings, and the Nasdaq 100 ( NDX ), which trades at nearly 23 times. Despite being projected to deliver the fourth-fastest revenue growth in the S&P 500 this year, Nvidia now trades at a lower valuation than about half the companies in the index, including Hershey ( HSY ) and Dominion Energy ( D ). Nvidia's rally has also cooled sharply after an explosive run fueled by AI demand. The stock surged more than 1,100% between the end of 2022 and 2025 as demand for its graphics processing units (GPUs) skyrocketed, but it has gained just 5.6% so far in 2026, lagging the S&P 500's 9.6% advance and the Nasdaq 100's 16% rise. Meanwhile, the Philadelphia Semiconductor Index ( SOX ) has climbed ~74% this year, putting it on track for its strongest annual performance since 2003. The rally has been led by Micron ( MU ), whose shares have surged 229% in 2026 after jumping 239% in 2025, driven by soaring demand and prices for high-bandwidth memory chips. More on Nvidia Nvidia: The Outlier In AI Remains A Buy Nvidia: Jensen's Anti-ASICs Alliance (Rating Downgrade) Nvidia Just Entered A $200...
Prospective Homebuyers Face Another Year Without Affordability Relief Goldman economist Ronnie Walker has some bad news for prospective homebuyers: while the housing market appears soft but broadly stabilizing, affordability pressures are unlikely to abate anytime soon. Walker expects mortgage rates to remain elevated through next year, while national home prices are still forecasted to rise modes...
Prospective Homebuyers Face Another Year Without Affordability Relief Goldman economist Ronnie Walker has some bad news for prospective homebuyers: while the housing market appears soft but broadly stabilizing, affordability pressures are unlikely to abate anytime soon. Walker expects mortgage rates to remain elevated through next year, while national home prices are still forecasted to rise modestly. That means buyers waiting for a price correction or lower rates may be disappointed, as the market remains locked in an ultra-low-turnover environment where high borrowing costs, limited affordability, and sticky prices keep many folks on the sidelines. " We expect housing demand to remain tepid ," Walker wrote in the note. He pointed out that the 30-year fixed mortgage rate is likely to fall marginally to 6.43% by year's end and hover around 6.3% for 2027. Here's more context from Walker about the US housing market and his mid-year outlook into next year: Residential investment faltered in the first half of the year on the back of particularly poor weather and a sharp rebound in mortgage rates: after declining 8% annualized in Q1, residential fixed investment fell 5% annualized in Q2, we estimate. In this Analyst, we review our key forecasts for the housing market for the rest of the year. No Keys for Golden Handcuffs The outlook for the economy's most interest rate sensitive sector is largely a function of the outlook for mortgage rates. Exhibit 2 shows that mortgage rates rebounded in March in response to the Iran War, higher oil prices, and the prospect of Fed hikes. Our strategists expect mortgage rates to remain elevated for the foreseeable future, remaining around current levels (6.43%) through yearend before moderating slightly next year (6.3%), reflecting our dovish forecast for the Fed. Sustained higher mortgage rates will continue to have their most pronounced impact on housing turnover . The left panel of Exhibit 3 shows that almost 80% of mortgage borrower...
Helen of Troy press release ( HELE ): Q1 Non-GAAP EPS of $0.17 beats by $0.15 . Revenue of $402.1M (+8.2% Y/Y) beats by $27.55M . Updates Fiscal 2027 Outlook: Raises Consolidated Net Sales to $1.759-$1.831 Billion vs $1.79B consensus Maintains GAAP Diluted EPS of $3.57-$4.18; Maintains Adjusted Diluted EPS of $3.25-$3.75 vs $3.49 consensus GAAP Net Income of $85-$100 Million and Cash Flow from Ope...
Helen of Troy press release ( HELE ): Q1 Non-GAAP EPS of $0.17 beats by $0.15 . Revenue of $402.1M (+8.2% Y/Y) beats by $27.55M . Updates Fiscal 2027 Outlook: Raises Consolidated Net Sales to $1.759-$1.831 Billion vs $1.79B consensus Maintains GAAP Diluted EPS of $3.57-$4.18; Maintains Adjusted Diluted EPS of $3.25-$3.75 vs $3.49 consensus GAAP Net Income of $85-$100 Million and Cash Flow from Operations of $119-$130 Million Maintains Adjusted EBITDA of $190-$197 Million Maintains Free Cash Flow of $85-$100 Million More on Helen of Troy Helen of Troy: How The Company Is Quietly Beating Tariffs And Slashing Debt Helen of Troy Limited 2026 Q4 - Results - Earnings Call Presentation Helen of Troy Limited (HELE) Q4 2026 Earnings Call Transcript Helen of Troy Q1 2027 Earnings Preview Top household appliances stocks after Whirlpool’s earnings stumble
AscentXmedia/iStock via Getty Images In my last article , I was betting on one hot summer, and I expected Perimeter Solutions, Inc. ( PRM ) to reap the benefits of an intense wildfire season in the U.S. So far, the data is showing an increase in the number of wildfires and acres burned compared to prior years, and much of the country remains in drought conditions, which certainly increases the lik...
AscentXmedia/iStock via Getty Images In my last article , I was betting on one hot summer, and I expected Perimeter Solutions, Inc. ( PRM ) to reap the benefits of an intense wildfire season in the U.S. So far, the data is showing an increase in the number of wildfires and acres burned compared to prior years, and much of the country remains in drought conditions, which certainly increases the likelihood of more wildfires for the rest of the summer. Let’s dig into this data as I discuss current weather conditions, the company’s two new deals, and Q1 financials. Two New Deals In the most recent quarter, Perimeter landed two new contracts associated with their Fire Safety segment. The first was with the U.S. Defense Logistics Agency (DLA). The contract length is five years, and Perimeter could earn up to $500 million over that period. The next contract is with the California Department of Forestry. This contract is also for five years, and pricing is based on fire retardant usage and associated services. These deals certainly seem promising and reinforce that both national and state agencies are taking steps to protect their citizens from wildfires. Ultimately, this puts Perimeter in an ideal position given their monopolistic-type position in this niche industry. That being said, YTD, there have been more than 37,000 fires in the United States with more than 3.3 million acres burned, according to the National Interagency Fire Center . As you can see below, this is already one of the worst summers over the last eight years, with the most fires in that span and the second most acres burned, only trailing 2022: NIFC A recent report by the NIFC suggests numerous areas in the United States are at a heightened risk for wildfires in the upcoming months, especially the Pacific Northwest, as you can see in the graphic below: NIFC Furthermore, it appears a large portion of the United States remains in a drought position, with some states getting worse, like Oregon, Texas, Washi...
The company that famously told investors "Never sell your Bitcoin (CRYPTO: BTC) " is now selling its Bitcoin. After announcing a brand-new approach to Bitcoin on June 29, Michael Saylor's Strategy (NASDAQ: MSTR) , formerly known as MicroStrategy, announced the massive sale of 3,558 BTC at a total price of $216 million. Strategy has done its very best to convince investors that all this is being do...
The company that famously told investors "Never sell your Bitcoin (CRYPTO: BTC) " is now selling its Bitcoin. After announcing a brand-new approach to Bitcoin on June 29, Michael Saylor's Strategy (NASDAQ: MSTR) , formerly known as MicroStrategy, announced the massive sale of 3,558 BTC at a total price of $216 million. Strategy has done its very best to convince investors that all this is being done to bolster long-term shareholder value and to put the company on a much stronger financial footing. But it's hard not to see that the wheels are coming off the Bitcoin treasury company wagon. Strategy famously created the notion of the Bitcoin treasury company, and that's why its decision to sell some of its Bitcoin has been so highly debated. If a company set up solely to accumulate Bitcoin is now selling some of it, is the Bitcoin treasury company business model broken? Continue reading
Trilogy Metals press release ( TMQ ): Q2 GAAP EPS of -$0.04 misses by $0.02 . More on Trilogy Metals Inc. Trilogy Metals: A High-Risk Copper Option Historical earnings data for Trilogy Metals Inc. Financial information for Trilogy Metals Inc.
Trilogy Metals press release ( TMQ ): Q2 GAAP EPS of -$0.04 misses by $0.02 . More on Trilogy Metals Inc. Trilogy Metals: A High-Risk Copper Option Historical earnings data for Trilogy Metals Inc. Financial information for Trilogy Metals Inc.
metamorworks/iStock via Getty Images Shares of major airlines and cruise operators dipped Wednesday premarket, while oil and gas companies bucked the trend to rally on the heels of recent remarks by President Donald Trump. Trump said his tentative ceasefire with Iran is over after Washington launched a fresh wave of strikes against the country and tightened sanctions, escalating tensions between t...
metamorworks/iStock via Getty Images Shares of major airlines and cruise operators dipped Wednesday premarket, while oil and gas companies bucked the trend to rally on the heels of recent remarks by President Donald Trump. Trump said his tentative ceasefire with Iran is over after Washington launched a fresh wave of strikes against the country and tightened sanctions, escalating tensions between the two nations. Carnival Corporation ( CCL ) slid ~4% in early action, while Royal Caribbean Cruises ( RCL ) and Norwegian Cruise Line Holdings ( NCLH ) fell 3% each. Major carriers also faced a broad sell-off, led by United Airlines ( UAL ) dropping 3.4% and American Airlines ( AAL ) shedding 3.2%. Elsewhere in the sector, Delta Air Lines ( DAL ) fell 2.7%, while ultra-low-cost carrier Frontier Group ( ULCC ) slipped 2.1%. In the hotel sector, Intercontinental Hotels Group ( IHG ) -2.5%, Hyatt Hotels ( H ) -1.7%, and Hilton Worldwide ( HLT ) -2%. “Renewed tensions in the Middle East have interrupted what had become an increasingly complacent market narrative, prompting investors to reassess geopolitical risks after several weeks of pricing in a smooth path toward de-escalation,” Capital.com market analyst Daniela Hathorn in a Wednesday morning note, as per reports. More on Carnival, Hyatt Hotels, etc. Frontier Airlines: A Speculative Buy On A Promising Transformation Delta Air Lines Q2 Earnings Preview: Here Are The Real Long-Term Signals Delta Air Lines: Bracing For A Potential Q2 Earnings Miss And Light Q3 Guidance Travel stocks extend losses to fifth session amid higher oil prices Chapter 11 may be JetBlue's best option as debt burden weighs—Raymond James
Carrick set to welcome player back after World Cup Club preference is to ease wage bill by offloading player Marcus Rashford is set to be re-integrated at Manchester United following the World Cup, with the forward currently expected to start next season as part of Michael Carrick’s squad. Due to a breakdown in the relationship between the player and club, the 28-year-old, who has two years left o...
Carrick set to welcome player back after World Cup Club preference is to ease wage bill by offloading player Marcus Rashford is set to be re-integrated at Manchester United following the World Cup, with the forward currently expected to start next season as part of Michael Carrick’s squad. Due to a breakdown in the relationship between the player and club, the 28-year-old, who has two years left on his contract, last played for United in a 2-1 Europa League win at Viktoria Pilzen in December 2024. There is no issue between Rashford and Carrick. Continue reading...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Debt boom: Amazon ( AMZN ) seeks to raise at least $25B from a U.S. dollar bond sale . AI selloff: This ETF sinks below a key technical level , while South Korea's KOSPI enters bear market . NATO summit: The U.S. w...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Debt boom: Amazon ( AMZN ) seeks to raise at least $25B from a U.S. dollar bond sale . AI selloff: This ETF sinks below a key technical level , while South Korea's KOSPI enters bear market . NATO summit: The U.S. will lift sanctions on Turkey and may sell F-35s. Trump revives Greenland bid . Ceasefire ends Crude oil futures ( CL1:COM ) ( CO1:COM ) extended gains to climb more than 6% early on Wednesday as supply concerns reignited after the U.S. and Iran traded fresh strikes, while President Donald Trump said the ceasefire had ended. Renewed strikes: Tehran targeted U.S. military sites in Bahrain and Kuwait on Wednesday after the U.S. launched strikes on Iran in response to attacks on three commercial vessels transiting the Strait of Hormuz. "U.S. forces struck Iranian air defense systems, command and control networks, coastal radar sites, anti-ship missile capabilities, and more than 60 Islamic Revolutionary Guard Corps small boats in and near the strait to degrade Iran's ability to continue attacking international commerce flowing through the international trade corridor," the U.S. Central Command stated. The U.S. also revoked its authorization of Iranian oil sales in the international market following the ship attacks. Tehran has repeatedly said it would not allow ships to pass through the strait without its permission. Bigger picture: The halt in attacks on commercial shipping and the U.S. waiver on Iranian oil sales were key elements of the Islamabad Memorandum of Understanding, which paused hostilities and established a 60-day window for negotiations on a broader peace deal. Iran's foreign ministry said the license revocation less than 20 days after the MOU was signed "is yet another indication of the U.S. administration's bad faith, inconsistency, and unreliability." "While th...
BP PLC A BP Plc company logo stands illuminated on a sign on the forecourt of a gas station in London, U.K., on Tuesday, Jan. 14, 2014. Photographer Matthew Lloyd/Bloomberg
BP PLC A BP Plc company logo stands illuminated on a sign on the forecourt of a gas station in London, U.K., on Tuesday, Jan. 14, 2014. Photographer Matthew Lloyd/Bloomberg