Nastco/iStock Editorial via Getty Images On June 1, Strategy ( MSTR ) sold bitcoin ( BTC-USD ) for the first time in four years, shattering the "never sell" creed; bitcoin dropped on the news, breaking below $70K and falling more than 9% over 7 days. Source: @BITofficial_CN What broke is a promise, not a policy. For years, Michael Saylor preached "never sell," making him the chief evangelist of th...
Nastco/iStock Editorial via Getty Images On June 1, Strategy ( MSTR ) sold bitcoin ( BTC-USD ) for the first time in four years, shattering the "never sell" creed; bitcoin dropped on the news, breaking below $70K and falling more than 9% over 7 days. Source: @BITofficial_CN What broke is a promise, not a policy. For years, Michael Saylor preached "never sell," making him the chief evangelist of that conviction. That's why the size barely matters. So even at 32 coins, what matters is that the line moved from never to once. Zero versus non-zero is a difference in kind, not degree. The impact is long term, not the price In the short run, the sale might pressure prices and dent confidence. Bitcoin fell below $70K on June 2, and the CMC Crypto Fear and Greed Index dropped to 29, its lowest in nearly two months. But the weakness runs deeper than Strategy. Spot bitcoin ETFs have bled over $4 billion since May 7, and stablecoin growth has stalled, thinning the dry powder available to buy. Strategy's sale is just the most visible trigger, not the cause. The real impact is longer term, and it sits in two places. First, erosion of consensus. Saylor didn't just hold; he urged everyone else to hold. When the most committed preacher opens the door himself, the pricing anchor degrades from a fixed value into a variable that must be continually guessed. Bad news gets absorbed; uncertainty quietly bleeds out the valuation premium, and uncertainty is what markets hate most. Second, the demonstration effect. Strategy is the world's largest DAT company. Once the leader puts "sell" on the table, smaller and more thinly funded treasury peers selling under liquidity stress starts to look normal. It doesn't mean these companies can't sell. It means the ceiling on potential selling across the whole sector just rose, and future sales become impossible to predict, in both frequency and scale. A trial run, or a strategy shift made concrete? As of now, Saylor himself has stayed silent on why th...
Derick Hudson Europe's second-highest court on Wednesday sided with Meta Platforms ( META ) in its challenge to the designation of Marketplace as a gatekeeper under EU rules but dismissed the company's appeal against the same classification for its messaging service, Messenger. "The decision does not satisfy the requirements in terms of reasoning as regards Marketplace, in that it allows neithe...
Derick Hudson Europe's second-highest court on Wednesday sided with Meta Platforms ( META ) in its challenge to the designation of Marketplace as a gatekeeper under EU rules but dismissed the company's appeal against the same classification for its messaging service, Messenger. "The decision does not satisfy the requirements in terms of reasoning as regards Marketplace, in that it allows neither Meta to understand the reasons for its classification as a core platform service that is an online intermediation service nor the Courts of the European Union to exercise their power of review," the General Court said in a statement. The social media giant turned to the EU court following the European Commission's ruling that both platforms served as significant gateways for businesses under the Digital Markets Act, based on quantitative criteria. More on Meta Meta: The 'Zuckerberg Discount' May Soon Turn Into A Premium Meta: From Social Media To Superintelligence Meta's AI Push Seeks To Outpace Reddit And Other Competitors Meta softens employee surveillance program used for AI training after backlash - report Meta sets stricter content settings for teen accounts on Facebook, Instagram, and Messenger
M Stanley Raises Micron Technology, Inc. (MU.US) TP to USD1,050, Lifts Sandisk Corporation (SNDK.US) TP to USD1,750; Memory Supply Tightness Seen Lasting at Least 2 3 Years AASTOCKS.com
M Stanley Raises Micron Technology, Inc. (MU.US) TP to USD1,050, Lifts Sandisk Corporation (SNDK.US) TP to USD1,750; Memory Supply Tightness Seen Lasting at Least 2 3 Years AASTOCKS.com
Iran struggled to get energy exports past the US Navy’s blockade last month, with around 80 million barrels of oil and petrochemicals stranded in waters behind the line, according to a US non-profit advisory group. No Iranian crude exports passed through Washington’s blockade of the country in May, United Against Nuclear Iran said in a report viewed by Bloomberg News. However, the Islamic Republic...
Iran struggled to get energy exports past the US Navy’s blockade last month, with around 80 million barrels of oil and petrochemicals stranded in waters behind the line, according to a US non-profit advisory group. No Iranian crude exports passed through Washington’s blockade of the country in May, United Against Nuclear Iran said in a report viewed by Bloomberg News. However, the Islamic Republic did manage to ship four cargoes of naphtha totaling 2 million barrels and smaller volumes of liquefied petroleum gas, it said. That compares with more than 59 million barrels of oil and fuel exports in February, before the war began. UANI only counts vessels that have crossed the US blockade line that runs from the easternmost point of Oman to the Iran-Pakistan border, rather than crossings of the Strait of Hormuz. Tehran’s inability to export oil underscores the effectiveness of American efforts. For years, Iran relied on a vast network of vessels deploying shadowy tactics to deliver its crude and oil products, mostly to China. But Washington’s maritime operation, which began on April 13, has so far disabled six commercial vessels and redirected 122, according to a US Central Command social-media post on Tuesday. “Iran’s once robust sanctions-busting network has been reduced to a trickle of small, high-risk voyages while the bulk of its oil sits idle offshore,” UANI said in the report. Around 69 tankers of various sizes laden with about 80 million barrels of Iranian oil and petrochemicals are currently in the Persian Gulf or the Gulf of Oman within the blockade line, the group said. Clusters of vessels have formed around Kharg Island, from where the Islamic Republic exports most of its crude, and off Chabahar, an Iranian port near the Pakistani border. Iran exported around 30 million barrels of oil and fuel in April and about 36 million barrels in March, according to UANI.
Ultra Clean (UCTT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Ultra Clean (UCTT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Getty Images OIH At A Glance The VanEck Oil Services ETF ( OIH ) is a passively managed ETF with a NAV of about $2.4 billion . The fund invests in oil equipment stocks and has been around for years. The fund manager, Van Eck, launched the fund back in December 2011 and tracks the MVIS® US Listed Oil Services 25 Index (MVOIHTR), which is a basket of the overall performance of U.S.-listed companies ...
Getty Images OIH At A Glance The VanEck Oil Services ETF ( OIH ) is a passively managed ETF with a NAV of about $2.4 billion . The fund invests in oil equipment stocks and has been around for years. The fund manager, Van Eck, launched the fund back in December 2011 and tracks the MVIS® US Listed Oil Services 25 Index (MVOIHTR), which is a basket of the overall performance of U.S.-listed companies involved in oil services to the upstream oil sector, which include oil equipment, oil services, or oil drilling. While OIH is not the only fund on the oil equipment shelf, it's been an outperformer in its circle and has been a great vehicle for investors who want to express a view that global drilling activity is heading higher—not by owning the commodity, but by owning the companies that make oil come out of the ground. The case for OIH right now is not about oil prices per se; it's about the capex cycle. Global oil stockpiles are drawing down at a historically alarming rate as the Middle East conflict disrupts the Strait of Hormuz. The upstream response—more drilling, more completions, and more services revenue—is starting to show up in capital budgets from Canada to frontier basins like Jamaica. Oil producers may be fairly valued or even stretched at current spot prices, but the oilfield services companies in OIH's portfolio are trading at a discount to the infrastructure buildout they're about to service. That's the asymmetry worth owning. I rate OIH a Buy on the dips. Fund Split vs. Peers OIH was launched to replicate the performance of U.S. companies in the oil equipment and services sector. The result is a concentrated, 25-holding portfolio with roughly 70% of the weight in the top ten names. Similar to another article I wrote about recently, IEZ, SLB NV and Baker Hughes are the largest holdings in the fund. However, in OIH, they represent about 32% versus almost 50% at IEZ. Other large players like Halliburton, TechnipFMC, Weatherford, Tenaris, Transocean, Valaris, ...
Nvidia (NASDAQ: NVDA) is forecasting revenue will surpass $90 billion in the upcoming quarter. *Stock prices used were the afternoon prices of May 27, 2026. The video was published on May 29, 2026. Continue reading
Nvidia (NASDAQ: NVDA) is forecasting revenue will surpass $90 billion in the upcoming quarter. *Stock prices used were the afternoon prices of May 27, 2026. The video was published on May 29, 2026. Continue reading
南王科技公告，公司控股子公司福建南王新材料科技有限公司在印度尼西亚设立控股子公司PT NANWANG NEW MATERIAL TECHNOLOGY INDONESIA，注册资本100亿印尼盾，南王新材料持有60%股权。该孙公司已办理工商注册登记并领取注册登记证明文件。孙公司经营范围包括纸制品及纸板制品贸易、办公设备及工业用大型机械设备贸易、家用电器及家居用品贸易。本次投资旨在拓展市场，提升公司竞...
南王科技公告，公司控股子公司福建南王新材料科技有限公司在印度尼西亚设立控股子公司PT NANWANG NEW MATERIAL TECHNOLOGY INDONESIA，注册资本100亿印尼盾，南王新材料持有60%股权。该孙公司已办理工商注册登记并领取注册登记证明文件。孙公司经营范围包括纸制品及纸板制品贸易、办公设备及工业用大型机械设备贸易、家用电器及家居用品贸易。本次投资旨在拓展市场，提升公司竞争力，资金来源为公司自有资金。