S&P 500 Index futures are little changed as of 7:50 a.m. in New York. Its seven-day winning streak, the longest run for the benchmark since October, looks set to be tested as traders prepare for CPI data. Nasdaq 100 futures rise 0.1% Dow Jones Industrial Average futures are little changed The MSCI World Index is up 0.2% Here are some of the biggest US movers before the bell: Magnificent Seven stoc...
S&P 500 Index futures are little changed as of 7:50 a.m. in New York. Its seven-day winning streak, the longest run for the benchmark since October, looks set to be tested as traders prepare for CPI data. Nasdaq 100 futures rise 0.1% Dow Jones Industrial Average futures are little changed The MSCI World Index is up 0.2% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Microsoft (MSFT) +0.2%, Meta Platforms (META) +0.6%, Alphabet (GOOGL) +0.2%, Amazon (AMZN) +0.2%, Apple (AAPL) -0.3%, Tesla (TSLA) +0.2%, Nvidia (NVDA) -0.1% CoreWeave (CRWV) gains 4% after Anthropic PBC agreed to rent data center capacity from the company. Docusign (DOCU) slips 1.7% after Citi downgraded the company and other application software stocks to neutral, saying the group they doesn’t have any exciting 12-month catalysts. The other downgraded stocks include Autodesk (ADSK), which is down 1.4%. Kyivstar Group (KYIV) rises 9% after Ukraine’s top negotiator with Russia said he sees progress toward a possible peace deal between the two countries. Lumentum (LITE) climbs 5% after the firm said demand from the biggest US tech companies is accelerating. Peer Coherent (COHR) climbs 4%. Organon & Co. (OGN) soars 21% after the Economic Times reported that Sun Pharmaceutical is set to make a $12 billion offer for debt-ridden company. Sun Pharmaceutical called the report speculative in nature. Taiwan Semiconductor Manufacturing Co.’s ADRs (TSM) are up 2% after the company reported March sales that reinforced how the company is seeing strong AI demand. Tecnoglass (TGLS) slips 2% after the window manufacturer lowered its full-year adjusted Ebitda outlook due to tariffs on certain aluminum-containing products and derivatives.
JHVEPhoto/iStock Editorial via Getty Images Upgrading Micron Back To "Buy" I became cautious on Micron Technology ( MU ) stock when I saw extraordinary greed coming from retail investors back in October last year, and I reiterated that view in January 2026 . In my most recent update in particular, I feared that big institutional capital was about to shake out those who bought close to the local to...
JHVEPhoto/iStock Editorial via Getty Images Upgrading Micron Back To "Buy" I became cautious on Micron Technology ( MU ) stock when I saw extraordinary greed coming from retail investors back in October last year, and I reiterated that view in January 2026 . In my most recent update in particular, I feared that big institutional capital was about to shake out those who bought close to the local top. Time passed and the correction in MU's price action did take place, but I was unable to upgrade MU back to "Buy" in a timely fashion when the sell-off had gone too far 1-2 weeks ago, and MU has managed to gain back over 34% from its March 2026 lows. TrendSpider Software, MU daily, notes added I should say that the price action isn't the reason for my today's upgrade. I'm genuinely amused by the number of negative revisions on both the top and bottom lines that have started to appear lately, despite strongly bullish news coming in at the very same time. I understand the "cyclical top" fears of some investors and speculators, but the current discrepancy between what's happening in the core end markets in terms of demand, supply, and pricing, and what's being reflected in MU's forward consensus estimates, is exactly why I believe Micron is set to beat next quarter and move higher. It's not "just the beginning" of this rally, but a continuation that should help MU close the undervaluation gap in the coming weeks, in my view. Updating My Reasoning On Micron First off, as I usually do, let me quickly take a look at Micron's latest financials. The company reported $23.86 billion in its fiscal Q2 2026, which was up 196% YoY, beating the consensus estimate by almost 21% - the greatest beat from MU for the past 16 quarters at least, according to Seeking Alpha : Seeking Alpha, MU Gross margins expanded by 1800 bps on a QoQ basis, reaching a historical high of 74.9% and enabling massive growth at the bottom-line level - adjusted EPS came in at $12.20 at a time when the consensus was...
JHVEPhoto/iStock Editorial via Getty Images Upgrading Micron Back To "Buy" I became cautious on Micron Technology ( MU ) stock when I saw extraordinary greed coming from retail investors back in October last year, and I reiterated that view in January 2026 . In my most recent update in particular, I feared that big institutional capital was about to shake out those who bought close to the local to...
JHVEPhoto/iStock Editorial via Getty Images Upgrading Micron Back To "Buy" I became cautious on Micron Technology ( MU ) stock when I saw extraordinary greed coming from retail investors back in October last year, and I reiterated that view in January 2026 . In my most recent update in particular, I feared that big institutional capital was about to shake out those who bought close to the local top. Time passed and the correction in MU's price action did take place, but I was unable to upgrade MU back to "Buy" in a timely fashion when the sell-off had gone too far 1-2 weeks ago, and MU has managed to gain back over 34% from its March 2026 lows. TrendSpider Software, MU daily, notes added I should say that the price action isn't the reason for my today's upgrade. I'm genuinely amused by the number of negative revisions on both the top and bottom lines that have started to appear lately, despite strongly bullish news coming in at the very same time. I understand the "cyclical top" fears of some investors and speculators, but the current discrepancy between what's happening in the core end markets in terms of demand, supply, and pricing, and what's being reflected in MU's forward consensus estimates, is exactly why I believe Micron is set to beat next quarter and move higher. It's not "just the beginning" of this rally, but a continuation that should help MU close the undervaluation gap in the coming weeks, in my view. Updating My Reasoning On Micron First off, as I usually do, let me quickly take a look at Micron's latest financials. The company reported $23.86 billion in its fiscal Q2 2026, which was up 196% YoY, beating the consensus estimate by almost 21% - the greatest beat from MU for the past 16 quarters at least, according to Seeking Alpha : Seeking Alpha, MU Gross margins expanded by 1800 bps on a QoQ basis, reaching a historical high of 74.9% and enabling massive growth at the bottom-line level - adjusted EPS came in at $12.20 at a time when the consensus was...
By at least one metric in the $9.5 trillion foreign-exchange markets, demand for the dollar is ebbing amid the tenuous ceasefire between the US and Iran. Measures of the so-called cross-currency basis — the extra cost investors pay or receive when sourcing dollars overseas instead of the US — show a steady waning in appetite for the greenback in recent days, particularly against the euro and Swiss...
By at least one metric in the $9.5 trillion foreign-exchange markets, demand for the dollar is ebbing amid the tenuous ceasefire between the US and Iran. Measures of the so-called cross-currency basis — the extra cost investors pay or receive when sourcing dollars overseas instead of the US — show a steady waning in appetite for the greenback in recent days, particularly against the euro and Swiss franc. “This is a simple reversal of the dollar trade,” said Nathan Thooft , a senior portfolio manager at Manulife Investment Management. “It was one of the few beneficiaries of the crisis as it developed, and now as there are signs of de-escalation that bid is reversing course.” But while the basis is indicative of the global investor appetite for US cash, it’s not a forward-looking measure of what the dollar will do next. Predicting that is a different task altogether, especially in a market primed to move on the latest war headlines and comments from President Donald Trump . “It is really difficult to anchor views and portfolio positioning to a single macro narrative right now,” said Thooft, chief investment officer of the firm’s equities and multi-asset solutions teams managing $309 billion. The cross-currency basis market gauges how much it costs to exchange one currency for another beyond what is implied by borrowing costs in the cash markets. It effectively sets the price of foreign-exchange hedging for global investors and is an indication of flows between economies and asset classes. On Friday the six—month euro basis tightened in favor of the single currency to a level last seen in early March. The Swiss franc’s own gauge, meanwhile, is now at its most favorable in three weeks. Following the launch of US and Israeli strikes against Iran six weeks ago, these gauges rapidly moved in favor of the greenback — implying a rush for dollar funding as the spiraling Middle East war slammed global risk appetite. “The softening of headlines around the conflict have definite...