PonyWang/E+ via Getty Images Investment Thesis The business of Camtek Ltd. ( CAMT ) is actually quality control; they manufacture the systems that semiconductor companies use to identify defects and gauge precision at different phases of the chip-making process. On the face of it, that may not sound very exciting. However, to me, the smaller, faster, and more complicated the chip, the higher the p...
PonyWang/E+ via Getty Images Investment Thesis The business of Camtek Ltd. ( CAMT ) is actually quality control; they manufacture the systems that semiconductor companies use to identify defects and gauge precision at different phases of the chip-making process. On the face of it, that may not sound very exciting. However, to me, the smaller, faster, and more complicated the chip, the higher the price of making a mistake. That is what makes the tools of Camtek less of a commodity and more of a necessity, especially in the field of advanced packaging, where stacking and interconnecting dies need a degree of precision that cannot be eyeballed. The early 2026 order announcements were what made me change my interest to conviction, with reservations. A tier-1 IDM has ordered Hawk systems to the tune of $45 million to use in AI applications, and first-quarter OSAT orders have reached over $90 million, the majority of which is associated with CoWoS-like packaging to use in similar applications. The two pieces of data combined give me an idea that demand is not concentrated but broad-based. One huge customer acquisition is simple to ignore; two separate demand streams that target the identical set of applications are more difficult to brush off. Assuming that dynamic is true (which I believe it will be, at least in the near future with the current AI infrastructure buildout), then Camtek can be said to have the earning power to warrant a premium multiple. Business Overview Products and Services (Camtek) The tools Camtek makes are used by the semiconductor companies to check and measure the chips as they are made . Chipmakers employ their machines to detect defects and ensure that chips are produced with utmost precision. Camtek is more or less a gateway to these manufacturers. It seems that the trend of making things smaller without compromising reliability and performance that semiconductor companies are headed for is becoming more difficult to get right. As the chips beco...
Corvus Pharmaceuticals stock is looking like a steal as the company gets closer to releasing a new oral medication for a common chronic skin condition, according to Goldman Sachs. The investment bank has initiated coverage of Corvus Pharmaceuticals with a buy rating. It also put a $40 price target on shares, implying 166% upside from Thursday's close. "We think CRVS shares are attractively positio...
Corvus Pharmaceuticals stock is looking like a steal as the company gets closer to releasing a new oral medication for a common chronic skin condition, according to Goldman Sachs. The investment bank has initiated coverage of Corvus Pharmaceuticals with a buy rating. It also put a $40 price target on shares, implying 166% upside from Thursday's close. "We think CRVS shares are attractively positioned as the current valuation does not capture the potential of what we view as a differentiated, emerging oral option for atopic dermatitis (AD)," Goldman Sachs analyst Paul Choi said Friday in a note to clients. Corvus rose about 9% on Friday following the call from Goldman Sachs. CRVS 1D mountain Corvus Pharmaceuticals stock rose 12% on Friday. Goldman Sachs is bullish on the stock largely due to Corvus' ongoing development of a non-steroidal oral drug called soquelitinib (CPI-818), which aims to treat atopic dermatitis, a form of eczema. The biopharmaceutical company's efforts come as demand for moderate-to-severe atopic dermatitis treatments booms. The global market for those medicines is projected to grow to more than $24 billion by 2035, according to the investment bank. "There remains a large unmet need for next-generation treatment to provide dosing advantage either with longer injection intervals or via oral administration," Choi wrote. The analyst noted that the market for non-steroidal treatments targeting eczema and other chronic skin conditions has become increasingly crowded. However, soquelitinib is likely to stand out among its peers, due in part to its efficacy, according to Goldman Sachs. Earlier this year, the medication had a positive effect on 75% of participants in an early-stage clinical trial, the drugmaker said in a statement dated Jan. 20. Goldman Sachs' call aligns with consensus on the Street. All seven analysts covering the stock have a buy or strong buy rating on shares, LSEG data shows. Shares have surged 113% year to date.
The radiology AI market is set to explode from USD 0.76 billion in 2025 to USD 2.27 billion by 2030, growing at a 24.5% CAGR. The surge is driven by the adoption of AI tools for cancer detection, lesion segmentation, and workflow optimization, particularly within oncology, neuroimaging, and cardiovascular sectors. The software/SaaS segment will dominate, offering easy deployment across platforms. ...
The radiology AI market is set to explode from USD 0.76 billion in 2025 to USD 2.27 billion by 2030, growing at a 24.5% CAGR. The surge is driven by the adoption of AI tools for cancer detection, lesion segmentation, and workflow optimization, particularly within oncology, neuroimaging, and cardiovascular sectors. The software/SaaS segment will dominate, offering easy deployment across platforms. North America leads in market share due to significant healthcare investments and a high prevalence
US Chemists Turn Natural Gas Into Liquid Fuel Without High Heat And Pressures Authored by Prabhat Ranjan Mishra via Interesting Engineering , Chemists in the United States have discovered a new way to turn natural gas into liquid fuel. The team from Northwestern University has successfully converted methane directly into methanol in a single step. They harnessed tiny bursts of plasma — or mini “li...
US Chemists Turn Natural Gas Into Liquid Fuel Without High Heat And Pressures Authored by Prabhat Ranjan Mishra via Interesting Engineering , Chemists in the United States have discovered a new way to turn natural gas into liquid fuel. The team from Northwestern University has successfully converted methane directly into methanol in a single step. They harnessed tiny bursts of plasma — or mini “lightning bolts” — in glass tubes submerged in water. Methanol is a versatile, high-demand industrial chemical used to make many products people use every day. Employee/Alexander/Driscoll Using pulses of high-voltage electricity “ We’re using pulses of high-voltage electricity ,” said Northwestern’s Dayne Swearer, the study’s corresponding author. “ If the electrical potential is high enough, lightning bolts form inside of our reactor the way they do during a summer thunderstorm . We’re taking advantage of that chemistry to break methane’s bonds without heating the entire system to extreme temperatures.” While the current method is reliable, it’s energy intensive and emits millions of tons of carbon dioxide per year globally. Using just electricity, water and a copper-oxide catalyst, the new process could offer a cleaner, electrified path to producing one of the world’s most widely used chemical building blocks , according to a press release. Methanol is a versatile, high-demand industrial chemical The team also revealed that the methanol is a versatile, high-demand industrial chemical used to make many products people use every day. It also is commonly used as an industrial solvent and is gaining attention as a cleaner-burning fuel for ships and industrial boilers. One of the world’s most used commodity chemicals, methanol is a key ingredient in plastics, paints and adhesives . More recently, researchers have explored methanol as a promising liquid fuel because its combustion produces lower sulfur emissions and particulate pollution than gasoline and diesel, as per the relea...
How did the PM’s chosen US ambassador fail security vetting, what exactly did he know, and what next? Downing Street has tried to do a lot of explaining, as has Keir Starmer himself. But there are still plenty of things we do not know about how Peter Mandelson failed security vetting, and what the prime minister did or did not know about it. Continue reading...
How did the PM’s chosen US ambassador fail security vetting, what exactly did he know, and what next? Downing Street has tried to do a lot of explaining, as has Keir Starmer himself. But there are still plenty of things we do not know about how Peter Mandelson failed security vetting, and what the prime minister did or did not know about it. Continue reading...
Wachiwit/iStock Editorial via Getty Images Netflix ( NFLX ) has delivered stronger-than-expected Q1 results that outperformed both of management’s guidance and the average consensus estimate. The company grew Q1 revenue by 16% y/y to $12.2 billion, outperforming management’s previous expectation for 15% y/y growth and the average consensus sales estimate of about $12.17 billion . Meanwhile, earnin...
Wachiwit/iStock Editorial via Getty Images Netflix ( NFLX ) has delivered stronger-than-expected Q1 results that outperformed both of management’s guidance and the average consensus estimate. The company grew Q1 revenue by 16% y/y to $12.2 billion, outperforming management’s previous expectation for 15% y/y growth and the average consensus sales estimate of about $12.17 billion . Meanwhile, earnings also outperformed, with operating margin expanding 777 bps sequentially and 56 bps from the prior year period. However, the stock tumbled more than 10% following the release of Netflix’s Q1 print in post-market trading. This could potentially mark its largest intra-day loss since October, and partially wipe-out the close to 30% upsurge since dropping the Warner Bros. Discovery ( WBD ) transaction. The post-earnings decline highlights a potential correction in market expectations, as Netflix keeps its full year outlook unchanged despite the robust Q1 print. It’s likely the knee-jerk post-earnings selloff is premature. Based on Netflix’s latest earnings update, the company remains well-positioned for sustained upside accretion, as its strategic prioritization of monetization this year compounds a resilient subscription-driven growth backdrop. This is expected to keep Netflix’s FCF accretion trajectory intact, making the latest post-earnings selloff an opportunity to partake in sustained upside from current levels. Why the Stock Sold-Off Post-Earnings Although Netflix delivered a stronger-than-expected quarter, market had simply expected more. Specifically, Netflix grew Q1 revenue by 16% y/y to more than $12.2 billion, driven by sustained momentum in both global subscription growth and user monetization, with an increasing mix shift towards the ad-based tier. The results have outperformed both of management’s previous guidance, as well as the average consensus call for 15% y/y growth. Meanwhile, on the earnings front, the corresponding margin expansion also underscored dura...
President Donald Trump said Friday that Iran has agreed to suspend its nuclear program indefinitely and will not receive any frozen funds from the U.S. as part of a potential agreement to end the war in the Middle East. In a phone interview with Bloomberg, Trump said a deal to end the conflict is mostly complete. The president said talks over a lasting deal will “probably” be held over the weekend...
President Donald Trump said Friday that Iran has agreed to suspend its nuclear program indefinitely and will not receive any frozen funds from the U.S. as part of a potential agreement to end the war in the Middle East. In a phone interview with Bloomberg, Trump said a deal to end the conflict is mostly complete. The president said talks over a lasting deal will “probably” be held over the weekend. “Most of the main points are finalized. It’ll go pretty quickly,” the president said. Iran has not yet commented on any deal beyond the reopening of the Strait of Hormuz, nor on claims made by Trump on Thursday that Tehran had offered concessions, including over the key issue of its nuclear program. Trump said he has not decided who would lead a U.S. delegation for talks with Iranian officials to sign a deal, Bloomberg reported. When asked if he would travel to Pakistan, which hosted the first round of negotiations, the president said, “I may.” Vice President JD Vance led discussions with Iranian officials last weekend. Trump said he was considering sending Vance alongside his son-in-law, Jared Kushner, and envoy Steve Witkoff for the upcoming talks. Trump said Thursday that negotiators would likely meet this weekend for a second round of peace talks—expected to take place in Islamabad on Sunday. Pakistan is reportedly mediating the negotiations, with support from Egypt and Turkey. The president denied that the moratorium on Iran’s nuclear program would expire after 20 years, Bloomberg reported. When asked if the program will completely halt, Trump responded, “No years, unlimited.” It was reported earlier Friday that discussions on the upcoming talks centered on releasing $20B in frozen Iranian funds in exchange for Iran surrendering its stockpile of enriched uranium. What's more, Iran said the Strait of Hormuz is now "completely open" for all commercial vessels for the rest of the ceasefire timeline, underscoring progress in war-ending efforts. Dear readers : We recogniz...
Every four years, Bitcoin (CRYPTO: BTC) experiences a halving, a loosely predictable event that cuts the block reward that miners earn in half. Each halving so far has kicked off a price cycle with a familiar arc, where the coin rallies, peaks, and then experiences a brutal correction. The most recent halving occurred in April 2024, and we're now close to the midpoint before the next one, which is...
Every four years, Bitcoin (CRYPTO: BTC) experiences a halving, a loosely predictable event that cuts the block reward that miners earn in half. Each halving so far has kicked off a price cycle with a familiar arc, where the coin rallies, peaks, and then experiences a brutal correction. The most recent halving occurred in April 2024, and we're now close to the midpoint before the next one, which is expected around April 2028. Right now, Bitcoin is down by 43% from its most recently set all-time high near $126,000 in October 2025. That decline fits the pattern that's played out three times before, so here's what the data suggests about what comes next. Image source: Getty Images. Continue reading
The company, which deploys AI-guided robot arms for food production, says it is looking to expand its services to provide for a broader array of customers.
The company, which deploys AI-guided robot arms for food production, says it is looking to expand its services to provide for a broader array of customers.
tupungato/iStock Editorial via Getty Images Introduction & Investment Thesis Microsoft Corporation ( MSFT ) stock has had a grueling last six months, with the stock losing over 35% from its peak in October to the low at the end of March. While the stock is finally staging a rally, particularly over the last few trading sessions, now up 17%+ from its low in late March, I don’t believe this will be ...
tupungato/iStock Editorial via Getty Images Introduction & Investment Thesis Microsoft Corporation ( MSFT ) stock has had a grueling last six months, with the stock losing over 35% from its peak in October to the low at the end of March. While the stock is finally staging a rally, particularly over the last few trading sessions, now up 17%+ from its low in late March, I don’t believe this will be durable. In many ways, Microsoft stock’s decline since late 2025 resembles that of Meta Platforms ( META ) in 2022, when its stock crashed over 60%+ through the whole year, as investors rejected the idea of the company investing its capex dollars towards building a "metaverse." While Meta successfully turned its fate around by pivoting its narrative to “generative AI” in 2023, along with CEO Mark Zuckerberg announcing “Year of Efficiency," which brought life back into its business and allowed the stock to stage a V-shaped rally, I don’t see that playing out for Microsoft at the moment. At a fundamental level, its Azure business is declining at a time when its competitors are seeing sequential acceleration in their cloud businesses. Not to mention, Microsoft's structural lag in its custom silicon roadmap is starting to show in the differences in results between Google GCP ( GOOG ) and Amazon AWS ( AMZN ). At the same time, Anthropic's ( ANTHRO ) surge in revenue to $30B+ ARR is highly indicative of market share losses for its M365 suite, and I don’t see an inflection there either. To validate my concerns further, current forward revenue estimates by consensus show no signs of revenue acceleration in the coming years as well, which is concerning. As a result, I have been trimming my Microsoft position into the current bounce and will downgrade the stock to a Hold at current levels. Azure Declines While Competition Accelerates When Microsoft reported its Q2 FY26 earnings , its Azure business declined on a sequential basis to 38% (down from 39% in the previous quarter) and is e...
tupungato/iStock Editorial via Getty Images Introduction & Investment Thesis Microsoft Corporation ( MSFT ) stock has had a grueling last six months, with the stock losing over 35% from its peak in October to the low at the end of March. While the stock is finally staging a rally, particularly over the last few trading sessions, now up 17%+ from its low in late March, I don’t believe this will be ...
tupungato/iStock Editorial via Getty Images Introduction & Investment Thesis Microsoft Corporation ( MSFT ) stock has had a grueling last six months, with the stock losing over 35% from its peak in October to the low at the end of March. While the stock is finally staging a rally, particularly over the last few trading sessions, now up 17%+ from its low in late March, I don’t believe this will be durable. In many ways, Microsoft stock’s decline since late 2025 resembles that of Meta Platforms ( META ) in 2022, when its stock crashed over 60%+ through the whole year, as investors rejected the idea of the company investing its capex dollars towards building a "metaverse." While Meta successfully turned its fate around by pivoting its narrative to “generative AI” in 2023, along with CEO Mark Zuckerberg announcing “Year of Efficiency," which brought life back into its business and allowed the stock to stage a V-shaped rally, I don’t see that playing out for Microsoft at the moment. At a fundamental level, its Azure business is declining at a time when its competitors are seeing sequential acceleration in their cloud businesses. Not to mention, Microsoft's structural lag in its custom silicon roadmap is starting to show in the differences in results between Google GCP ( GOOG ) and Amazon AWS ( AMZN ). At the same time, Anthropic's ( ANTHRO ) surge in revenue to $30B+ ARR is highly indicative of market share losses for its M365 suite, and I don’t see an inflection there either. To validate my concerns further, current forward revenue estimates by consensus show no signs of revenue acceleration in the coming years as well, which is concerning. As a result, I have been trimming my Microsoft position into the current bounce and will downgrade the stock to a Hold at current levels. Azure Declines While Competition Accelerates When Microsoft reported its Q2 FY26 earnings , its Azure business declined on a sequential basis to 38% (down from 39% in the previous quarter) and is e...
Kenneth Cheung/iStock Unreleased via Getty Images DeepSeek ( DEEPSEEK ) has initiated its first fundraising campaign in hopes of raising $300M for a valuation of more than $10B, according to The Information . The China-based company intends to enhance its funding to better take on AI rivals such as OpenAI ( OPENAI ) and Anthropic ( ANTHRO ), the report said. The additional funds could help DeepSee...
Kenneth Cheung/iStock Unreleased via Getty Images DeepSeek ( DEEPSEEK ) has initiated its first fundraising campaign in hopes of raising $300M for a valuation of more than $10B, according to The Information . The China-based company intends to enhance its funding to better take on AI rivals such as OpenAI ( OPENAI ) and Anthropic ( ANTHRO ), the report said. The additional funds could help DeepSeek hire more AI experts and build more capable models. DeepSeek rocked the tech sector last year when it claimed to develop a model nearly as powerful as ChatGPT or Claude but with only a fraction of the computing costs. However, its market share has rapidly declined over the past 12 months. In April 2025, DeepSeek held 10% of the daily average user market share among chatbots, according to a tracker by Apptopia . However, that had declined to 3.3% by March 2026. More on DeepSeek, Anthropic, OpenAI Anthropic Is Taking Over Enterprise Wall Street Lunch: Anthropic Tries To Contain Claude Code Instruction Leak Anthropic's IPO: What You Need To Know What bubble? AI startups score $242B in venture funding last quarter Anthropic discussing AI models, including cybersecurity ones, with EU
Eoneren/iStock via Getty Images Investment Thesis April has been an important month for CoreWeave (NASDAQ: CRWV ) so far. The largest neocloud company on the planet struck a couple of deals this month that drop strong hints about how CoreWeave is looking to step outside its comfort zone and source new deals from new customer cohorts. The multi-year contract with Anthropic was one example of how Co...
Eoneren/iStock via Getty Images Investment Thesis April has been an important month for CoreWeave (NASDAQ: CRWV ) so far. The largest neocloud company on the planet struck a couple of deals this month that drop strong hints about how CoreWeave is looking to step outside its comfort zone and source new deals from new customer cohorts. The multi-year contract with Anthropic was one example of how CoreWeave is rushing to look for customers beyond its traditional target market and increase the customer mix in its contracted backlog, which now stands at ~$67 billion, nullifying risks of revenue concentration. The looming presence of debt in the background could derail the progress if it repeats execution gaps like last year. But I explain why last year’s execution gaps should be viewed as a one-off below as management demonstrates progress in its portfolio of active GPU capacity. I continue to be bullish on CoreWeave. Sizing Up CoreWeave’s CY26 Capex, Customers & Capacity I have been bullish on CoreWeave, despite a couple of risks that are headwinds for the company. Operational setbacks were one of those risks, as noted in my December post , that have caused some erosion of investor confidence in the company, especially in the Q3 quarter of last year. As I have shown in Exhibit A below, I believe CoreWeave’s management lost track of its tactical roadmap in its efforts to acquire Core Scientific ( CORZ ) and its infrastructure of shell capacity. At the time, CoreWeave's sole tactical outlay to acquire Core Scientific was so that it could cut data center lease costs while turbocharging its power shell capacity as well as its operational efficiency, as highlighted in this old SEC filing . But after CoreWeave’s takeover attempt fell apart , management’s execution gaps started showing up because I suspect there was no Plan B. Investors can see how that led to a sudden gap in execution in capEx deployment as shown below. Management had been guiding for $20-23B of CY25 capex th...
Employees work on an electric-vehicle battery system production line at an auto company in Chemnitz, Saxony, Germany. Photo: VCG A proposed European Union law aimed at boosting domestic manufacturing is drawing growing concern from global trading partners over strict local-content and investment requirements. The Industrial Acceleration Act, designed to secure Europe’s clean-technology supply chai...
Employees work on an electric-vehicle battery system production line at an auto company in Chemnitz, Saxony, Germany. Photo: VCG A proposed European Union law aimed at boosting domestic manufacturing is drawing growing concern from global trading partners over strict local-content and investment requirements. The Industrial Acceleration Act, designed to secure Europe’s clean-technology supply chain, could create significant hurdles for foreign companies seeking to invest or sell in the bloc.
AST SpaceMobile, Inc. (NASDAQ:ASTS) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. A caller sought Cramer’s opinion on the stock, and here’s what he had to say: I like it very much. You know, I think that they’ve got a unique property. Look, I’m not calling for […]
AST SpaceMobile, Inc. (NASDAQ:ASTS) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. A caller sought Cramer’s opinion on the stock, and here’s what he had to say: I like it very much. You know, I think that they’ve got a unique property. Look, I’m not calling for […]
The digital map market is projected to reach $16.92 billion by 2034, growing at a 10.97% CAGR from 2026, driven by increasing demand for location-based services, smart city initiatives, and autonomous vehicles. Key advancements in AI, IoT, and cloud computing enhance map accuracy and real-time data integration. Major markets include the U.S., China, Germany, and Saudi Arabia, with industries like ...
The digital map market is projected to reach $16.92 billion by 2034, growing at a 10.97% CAGR from 2026, driven by increasing demand for location-based services, smart city initiatives, and autonomous vehicles. Key advancements in AI, IoT, and cloud computing enhance map accuracy and real-time data integration. Major markets include the U.S., China, Germany, and Saudi Arabia, with industries like e-commerce and logistics leveraging digital mapping for efficiency. Top players include Apple, Alpha
Broadcom Inc. (NASDAQ:AVGO) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Cramer highlighted the company’s partnership with Meta, as he remarked: How about Meta, partnered with Broadcom to make tens of millions of custom chips that it desperately needs? You may think it’s fanciable to discuss a […]
Broadcom Inc. (NASDAQ:AVGO) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Cramer highlighted the company’s partnership with Meta, as he remarked: How about Meta, partnered with Broadcom to make tens of millions of custom chips that it desperately needs? You may think it’s fanciable to discuss a […]
Microsoft Corporation (NASDAQ:MSFT) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Cramer mentioned the stock during the episode and said: During this monster fall and rise, you get this pattern. Microsoft, did you see it? One of the largest companies on earth, it’s been drifting lower and […]
Microsoft Corporation (NASDAQ:MSFT) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Cramer mentioned the stock during the episode and said: During this monster fall and rise, you get this pattern. Microsoft, did you see it? One of the largest companies on earth, it’s been drifting lower and […]
Justin Sullivan Uncertainty continues to loom over a solid U.S. economy, San Francisco Fed President Mary Daly said Friday. That makes it difficult to provide a sense of what the Federal Reserve will do next in interest rates, she added. "The fundamentals of the economy are quite solid," she said at the University of California, Berkeley's Fisher Center for Real Estate & Urban Economics' Spring 20...
Justin Sullivan Uncertainty continues to loom over a solid U.S. economy, San Francisco Fed President Mary Daly said Friday. That makes it difficult to provide a sense of what the Federal Reserve will do next in interest rates, she added. "The fundamentals of the economy are quite solid," she said at the University of California, Berkeley's Fisher Center for Real Estate & Urban Economics' Spring 2026 Policy Advisory Board meeting. The Fed's rate path will depend largely on how long the Middle East conflict lasts. If it ends quickly and oil prices go down, then "we're back on that path for interest rates where we were before," and there's no lasting damage to that path. What she worries about the most is that persistently higher oil prices will “chip away” at consumers' ability to buy other things. Daly describes the current federal funds rate target range of 3.50%-3.75% as "slightly restrictive." Monetary policy is currently in a "very good place," she said. "Right now, it's not constraining the economy so much that the labor economy is faltering, not letting go of the reins completely so that inflation has no bridle." The central bank can leave policy where it is, which would still restrain inflation, for the year. If inflation took off, which is not her modal outlook, then the Fed could raise. If the labor market falters or the conflict ends soon, then it could adjust down. Another factor that may eventually factor into rate decisions is productivity growth and artificial intelligence. Productivity is rising. "That's a good thing for the economy." Daly said. Domestic labor growth is near zero. Combined with almost no immigration growth, that means the U.S.'s labor force growth is near zero. Many businesses that rely on immigrants for their labor force are adopting more labor-saving technology, she said. Regarding AI, "no technology has ever reduced employment, on net, ever," Daly said. "It changes who gets employed and what skills get employed." Productivity may he...
The First Trust Nasdaq Oil & Gas ETF is seeing unusually high volume in afternoon trading Friday, with over 534,000 shares traded versus three month average volume of about 67,000. Shares of FTXN were down about 5% on the day. Components of that ETF with the highest volume
The First Trust Nasdaq Oil & Gas ETF is seeing unusually high volume in afternoon trading Friday, with over 534,000 shares traded versus three month average volume of about 67,000. Shares of FTXN were down about 5% on the day. Components of that ETF with the highest volume
Buying commodities and selling the U.S. dollar makes sense as a trade now, with the likelihood for interest rate cuts increasing and the need for raw materials accelerating, according to Bank of America's Michael Hartnett. The bank's chief investment market strategist made the case for the trades in his weekly market note, reasoning that tariffs, geopolitical unrest and a dollar "buyers strike" ma...
Buying commodities and selling the U.S. dollar makes sense as a trade now, with the likelihood for interest rate cuts increasing and the need for raw materials accelerating, according to Bank of America's Michael Hartnett. The bank's chief investment market strategist made the case for the trades in his weekly market note, reasoning that tariffs, geopolitical unrest and a dollar "buyers strike" makes the case against the greenback. "Fed pressure to cut to grow [and] U.S. policymakers will trade weaker dollar rather than higher bond yields to attract foreign capital," Hartnett wrote. The Federal Reserve is preparing to transition to a new chair this year as incumbent Jerome Powell is set to step down as soon as May. His nominated successor, former Governor Kevin Warsh, is expected to push for lower benchmark interest rates along with a reduction in the central bank's fixed income holdings. At the same time, Hartnett thinks conditions are ripe for more gains in commodity prices as a hedge against risk, inflation and a potential bear market in the dollar for asset allocators. Dollar-denominated assets are cheaper in relative terms when the U.S. currency weakens. "Plus geopolitics now driven by need to monopolize commodities … who owns the chips, rare earths, minerals, oil, wins the AI war," the strategist added. Along with those two trades, Hartnett also advocates buying China — the CSI 300 Index has gained just 2.5% this year — and consumer discretionary stocks. Consumer stocks have "priced in stagflation more than any other sector and [are] our fave contrarian long to trade Trump post-war pivot to address affordability & slump in approval ratings," Hartnett wrote. Consumer discretionary stocks have lagged the S & P 500 this year, gaining about 3%.
While the Labour leader is deeply unpopular, several factors – including the Iran war – seem to be delaying his exit UK politics live – latest updates It still feels improbable that the UK prime minister, Keir Starmer, will face a formal challenge even if, as assumed, his Labour party performs disastrously in next month’s local elections. But for many of his MPs, the latest revelations about Peter...
While the Labour leader is deeply unpopular, several factors – including the Iran war – seem to be delaying his exit UK politics live – latest updates It still feels improbable that the UK prime minister, Keir Starmer, will face a formal challenge even if, as assumed, his Labour party performs disastrously in next month’s local elections. But for many of his MPs, the latest revelations about Peter Mandelson have emphasised that the question is simply one of when, not if. “It does seems incredible that he didn’t know, but the problem is that it’s quite possible as well,” was the summary of one backbencher, in response to No 10’s insistence that no one had told the prime minister that his pick to be the UK ambassador to Washington had failed his security vetting . Continue reading...