U.S.-listed Alibaba Group (BABA) stock jumped nearly 10% in early trading Wednesday, leading a broader rally for China tech and AI stocks. Alibaba stock gained more than 8% to 106 in premarket trades on the stock market today. China search-engine leader Baidu (BIDU) is ahead nearly 5% at 117.38 while Alibaba' e-commerce rival JD.com (JD) climbed 3% to 27.33. Wednesday's...
U.S.-listed Alibaba Group (BABA) stock jumped nearly 10% in early trading Wednesday, leading a broader rally for China tech and AI stocks. Alibaba stock gained more than 8% to 106 in premarket trades on the stock market today. China search-engine leader Baidu (BIDU) is ahead nearly 5% at 117.38 while Alibaba' e-commerce rival JD.com (JD) climbed 3% to 27.33. Wednesday's...
Futures Slide, Oil Jumps After Trump Declares Iran Ceasefire Over Markets are on the backfoot this morning with equity futures and macro credit under pressure, bond yields spiking, the USD higher, and oil jumping after President Trump thrust geopolitical risks back into focus by declaring the ceasefire between the US and Iran to be over calling it “a waste of time” after the US launched strikes ag...
Futures Slide, Oil Jumps After Trump Declares Iran Ceasefire Over Markets are on the backfoot this morning with equity futures and macro credit under pressure, bond yields spiking, the USD higher, and oil jumping after President Trump thrust geopolitical risks back into focus by declaring the ceasefire between the US and Iran to be over calling it “a waste of time” after the US launched strikes against Iran in response to attacks on ships transiting the Strait of Hormuz. As of 8:00am, S&P 500 futures slid 0.7% and Nasdaq futures slumped 1% dragged lower by memory and chip stocks after the latest kinetic volley. The latter takes place in the context of mixed tech trade in Asia with the Hang Seng Tech Index up 5%, whilst the South Korean Kospi lost 5.4%. Pre-market semis and Mag7 are being sold as Energy and Staples are the two best sectors; everything else is flat to down. The drawdown in momentum and the broader AI infrastructure trade (~85% correlation between these two cohorts) remains heavily in focus, with the GS High Beta Momentum basket (GSPRHIMO) now surpassing -20% over the past 5 days. This morning, global price action is pointing towards “more of the same” with the primary Momentum tone-setters (Hynix -6% in Korea, SNDK -6%, MU -5%) lower across the board. Brent crude advanced 5% to around $78 a barrel while WTI breached $75/bbl (+6%) before declining as the Energy complex leads commodities higher. Precious metals are getting hit with mixed bids to Ags and Base metals. Treasury yields are up around 2-3bps across the curve (10Y yield rising to 4.56%) with the market needing to digest a $39bln 10 year note auction ahead of the FOMC minutes. USD is higher. Higher energy prices feed into inflation expectations and Fed minutes this afternoon take on added significance in the tighter-lipped Warsh era. Gold fell and the dollar wavered. In premarket trading, all Mag 7 stocks are lower (Meta -1.8%, Nvidia -1.6%, Microsoft -1.4%, Amazon -1.7%, Tesla -1.6%, Alphabet ...
Here are the biggest calls on Wall Street on Wednesday: BMO initiates Viking Holdings as outperform BMO says the cruise company's valuation is rich but that investors should buy the stock anyway. "We are initiating coverage of Viking Holdings (VIK) with an Outperform rating and a $115 target price." Bernstein reiterates Apple as outperform Bernstein says its checks show iPhone share gains have mom...
Here are the biggest calls on Wall Street on Wednesday: BMO initiates Viking Holdings as outperform BMO says the cruise company's valuation is rich but that investors should buy the stock anyway. "We are initiating coverage of Viking Holdings (VIK) with an Outperform rating and a $115 target price." Bernstein reiterates Apple as outperform Bernstein says its checks show iPhone share gains have momentum. "Apple's May sell-through units were up 2% YoY and 1% MoM. Nearly all markets delivered positive YoY sell-through revenue growth, with Japan and emerging markets posting the strongest gains." Goldman Sachs reiterates Tesla as neutral Goldman says it sees upside ahead of Tesla earnings later this month. "We also see upside to TSLA Street estimates, consistent with the stronger 2Q deliveries." Bank of America reiterates Nvidia as buy Bank of America says Nvidia shares are compelling. "We strongly disagree with the EPS discount and see as an enhanced Buy opp'ty for a unique, durable growth franchise now trading at a 7-yr low 18x forward PE." Barclays initiates Strategy as overweight Barclays says it sees upside. "Strategy is an amplified play on Bitcoin which seeks to compound the return of Bitcoin through leverage and BTC yield." DA Davidson initiates Pinterest as buy DA Davidson initiated the social media company and says it's growing engagement. "We are initiating coverage with a BUY-rating and $26 price target. Pinterest has done an excellent job continuing to grow Y/Y engagement at LDD for the past 10 straight quarters, while continuing to grow global ARPU at MSD-HSD." Truist initiates Wynn as buy Truist says the company has a "visible growth pipeline." "We initiate coverage of Wynn Resorts (WYNN) with a Buy rating and $125 PT on ~12x our 2027E EBITDAR." BTIG initiates Presidio as buy BTIG says shares of the oil and gas company have plenty more room to run. " Presidio (FTW) is an oil & gas producer (not an exploration company) focused on acquiring and optimizing Pr...
Klaus Vedfelt/DigitalVision via Getty Images My previous article on Saratoga Investment (NYSE: SAR ) was issued back in April 2026, when we had Q3 figures available for an assessment. The title of the article summarizes the story and my views quite well: Saratoga Investment: I'm Still Not Touching This ~14% Yielder. While I did not see any material deterioration of SAR's fundamentals, there were a...
Klaus Vedfelt/DigitalVision via Getty Images My previous article on Saratoga Investment (NYSE: SAR ) was issued back in April 2026, when we had Q3 figures available for an assessment. The title of the article summarizes the story and my views quite well: Saratoga Investment: I'm Still Not Touching This ~14% Yielder. While I did not see any material deterioration of SAR's fundamentals, there were a couple of elements present that made me think that it is only a matter of time before we see something bad happening for SAR. The key items were: Excessive debt load. Overexposure to SaaS. Unfavorable debt rollover schedule. One thing was clear - SAR did not have what it takes to deliver stable NII and NAV per share performance. And this is what has happened since then: Ycharts SAR has delivered unfavorable returns and underperformed the broad BDC index ( BIZD ). Please also note that I'm writing this piece before the market open of July 8th (right after the release of Q1 earnings figures ). What I can see is that SAR is very likely to drop even further once the market opens: Seeking Alpha So, the actual underperformance is even bigger. Let's unpack the recent earnings report and see what the key messages are. This report is really important for BDC investors as SAR is basically the first BDC that releases its figures in a new earnings season. Saratoga Investment thesis review I have to say that I fully understand the market's reaction to the published earnings deck. Both key metrics are significantly down - both NII per share and NAV per share. I will start with the NII (or the adjusted net investment income in this case). The adjusted NII per share landed at $0.47, which is by about 12% below the result achieved in the prior quarter. These were the key drivers behind the drop: Some minor lagged effects from the Q4 base rate cuts. Further spread compression as the high-yielding old vintages get slowly but surely churned out from the system (the adjusted NII yield dropped ...
krblokhin CACI International ( CACI ) announced on Wednesday that it received a six-year technology contract worth up to $308M from the Department of Veterans Affairs (VA) to modernize and transform its financial management systems. Under the contract , the company will provide operations and maintenance support for the VA’s existing Integrated Financial and Acquisition Management System (iFAMS) w...
krblokhin CACI International ( CACI ) announced on Wednesday that it received a six-year technology contract worth up to $308M from the Department of Veterans Affairs (VA) to modernize and transform its financial management systems. Under the contract , the company will provide operations and maintenance support for the VA’s existing Integrated Financial and Acquisition Management System (iFAMS) while replacing decades-old financial infrastructure. The modernization effort will enhance the VA’s financial management, reporting, acquisition processes, transparency, and operational efficiency. More on CACI International CACI International Inc (CACI) Presents at 16th Annual Wells Fargo Industrials & Materials Conference Transcript CACI: Buy Rating Reaffirmed After Major Federal Contract Wins This Year CACI International Inc (CACI) Presents at Bank of America 33rd Annual Industrials, Transportation and Airlines Key Leaders Conference Transcript CACI secures $140.5M US Army contract boost CACI appoints Dave Young as COO
Supertruper/iStock via Getty Images Now is a great time to be a dividend investor in the energy space, especially as many names in the sector have taken a breather from recent highs. This brings me to USA Compression Partners ( USAC ), which I last covered back in December 2025, highlighting its strong utilization with record EBITDA and organic fleet expansion. That appears to have been a good cal...
Supertruper/iStock via Getty Images Now is a great time to be a dividend investor in the energy space, especially as many names in the sector have taken a breather from recent highs. This brings me to USA Compression Partners ( USAC ), which I last covered back in December 2025, highlighting its strong utilization with record EBITDA and organic fleet expansion. That appears to have been a good call as USAC has delivered an 18% total return since my last piece, which is double the 9% rise in the S&P 500 ( SPY ) over the same timeframe. Since then, USAC has climbed to as high as $30.55 before coming back down to $26.05. At the current price, USAC sits in the middle of its 52-week range with an 8% dividend yield, as seen below. USAC 1-Yr Price Trend (Seeking Alpha) In this article, I revisit USAC including recent business fundamentals , and discuss why now is a good time to pick up this energy player on the pullback, so let’s get started! Why USAC? USA Compression Partners issues a Schedule K-1 and is one of the largest independent providers of natural gas compression services in the U.S. It serves a broad customer base that includes producers, processors, gatherers, and transporters of natural gas and crude oil. At present, USAC has over 4.9 million total fleet horsepower with 92% utilization and operations across 18 states. The recent acquisition of J-W Power Company materially expanded USAC’s platform, adding more than 0.8 million HP across different regions. USAC demonstrated solid Q1 2026 results against a favorable demand backdrop. Average active horsepower rose to 4.4 million and total horsepower rose to 4.9 million, due largely to the J-W acquisition. Also encouraging, pricing grew by 5% sequentially and by 8% YoY to $22.73. As shown below, adjusted EBITDA is on track to rise above 2025 levels to the tune of $770 to $800 million this year. Investor Presentation Looking ahead to Q2 results, investors will gain a full picture of J-W acquisition’s contributions. T...
Nuclear power has shifted from a sleepy utility niche to the most strategically important corner of the energy market. AI-driven electricity demand, hyperscaler power-purchase agreements and an executive-level push to quadruple U.S. nuclear capacity to 400 GWe by 2050 have rewritten the sector’s growth math. The EIA now models commercial data-center server electricity use growing ... 3 Powerful Nu...
Nuclear power has shifted from a sleepy utility niche to the most strategically important corner of the energy market. AI-driven electricity demand, hyperscaler power-purchase agreements and an executive-level push to quadruple U.S. nuclear capacity to 400 GWe by 2050 have rewritten the sector’s growth math. The EIA now models commercial data-center server electricity use growing ... 3 Powerful Nuclear Energy Stocks to Buy in July