As Artemis II returns from the dark side of the moon, Nasa’s transformations of electromagnetic energy into sound remind us that everything is vibrating – even while the astronauts are listening to Chappell Roan Jaw-dropping dark-siding exploration aside, it’s the mundane details of the Artemis II mission that connect us with the four astronauts slingshotting their way around the moon and back. Th...
As Artemis II returns from the dark side of the moon, Nasa’s transformations of electromagnetic energy into sound remind us that everything is vibrating – even while the astronauts are listening to Chappell Roan Jaw-dropping dark-siding exploration aside, it’s the mundane details of the Artemis II mission that connect us with the four astronauts slingshotting their way around the moon and back. The zero-gravity hair, the playing with the microphone when they’re on a call with the President, and the wake-up music that Nasa pipes into their module every orbital morning: a cookie-cutter selection of feelgood choons from Chappell Roan to CeeLo Green. There are no reports, so far, of Artemis hearing anything like the strange whistling and “outer-space type things” that the dark-siders of the Apollo 10 mission in 1969 documented during the hour that they were out of communication with Earth . Those three men heard an unsettling and unforeseen sound around the other side of the moon that resisted explanation – and inspired conspiracy theories, since the transcript wasn’t made public until 1973. The sound is now known to have been the call-sign of our nearest alien neighbours, the Vum-Jums of planet A4863F. Continue reading...
A New York lawmaker aims to reopen negotiations to expand the state and local tax deduction after US lawmakers raised the cap on the break to $40,000 last year if Congress attempts to pass a second tax bill before the midterm elections. Representative Nick LaLota , a Republican from Long Island, is trying to extend that threshold past five years, when the cap is expected to revert back to $10,000....
A New York lawmaker aims to reopen negotiations to expand the state and local tax deduction after US lawmakers raised the cap on the break to $40,000 last year if Congress attempts to pass a second tax bill before the midterm elections. Representative Nick LaLota , a Republican from Long Island, is trying to extend that threshold past five years, when the cap is expected to revert back to $10,000. He said he wants to make changes to secure more benefits related to the SALT deduction if the GOP’s spending bill involves modifications to the tax code. “I will always fight for my constituents and America and will fight for more SALT” if the tax code is materially revisited, LaLota said. The SALT deduction was a key point of negotiation during the crafting of a must-pass tax bill last year because several House Republicans representing districts in high-tax states like New York, New Jersey and California pushed for raising the cap. The break is especially lucrative in those areas due to high incomes, property values and local taxes. Later this month, Republican leaders in Congress plan to begin work on a partisan fast-track spending bill that can bypass a Senate Democratic filibuster by adhering to special procedures. Senate Majority Leader John Thune said he wants to keep the bill narrowly focused on providing multiple years of funding for immigration enforcement and border security, but lawmakers are hankering to add their priorities to the mix. House Ways and Means Chairman Jason Smith has said that tax provisions could be included. Last year, LaLota was joined by New Yorkers Andrew Garbarino and Mike Lawler , New Jersey Representative Tom Kean and California’s Young Kim , who threatened to upset the slim Republican margin if the SALT cap wasn’t raised. Garbarino, who chairs the SALT caucus, said in a statement that he was “proud” of the progress made on tax relief though he’s now focused on addressing other priorities for his constituents. Lawler, Kim and Kean did no...
photobyphm/iStock Editorial via Getty Images Note : We use option activity to determine “when” to buy or sell—not “what” to buy or sell. The “what” decision is best made through fundamental analysis. Once an investor has decided "what" to buy or sell, I would never act without first reviewing what option activity was saying about its immediate price direction . Microsoft's Headed Higher For The Ne...
photobyphm/iStock Editorial via Getty Images Note : We use option activity to determine “when” to buy or sell—not “what” to buy or sell. The “what” decision is best made through fundamental analysis. Once an investor has decided "what" to buy or sell, I would never act without first reviewing what option activity was saying about its immediate price direction . Microsoft's Headed Higher For The Next Few Months Current option activity in Microsoft Corporation ( MSFT ) strongly suggests higher prices over the intermediate-term. The intermediate term is from two to five months. If you're bullish on Microsoft for the long-term, now is a good time to add to positions. If you're bearish, you'll probably get a higher selling price if you wait a few months. Let me show you the evidence. While this data is one week old (subscribers get the current data on 100 stocks), the article's conclusion for a strong intermediate-term buy signal in MSFT still stands. The “Puts To Calls” Ratio Marty Zweig introduced the put-to-call ratio more than fifty years ago. He compared purchases of “put” and “call” option contracts to gauge whether investors were bullish or bearish on the market. He observed that when “too many” investors bought calls, prices typically declined. When “too many” bought puts, prices generally increased. This activity functioned as a contrary sentiment indicator. While Zweig focused on contracts, we analyze capital flows, which we believe provides greater insight. We call our ratio the Directional Premium Puts to Calls Ratio. Directional “Puts To Calls” Ratio Of MSFT The graph below measures the puts-to-calls ratio of dollars flowing into directional puts versus directional calls in MSFT. We average the numbers over 20 days to smooth the ratio into a more meaningful intermediate-term indicator. The Red Zone - Green Zone ranking shows extremes by comparing ratios against their historic norms. It's a buy signal when you get extreme bearish expectations (Green Zone) and...
onurdongel Wars leave long economic scars, while rising military spending is forcing governments into increasingly difficult budget choices, the International Monetary Fund said on Wednesday. In a blog analysis , the IMF said conflicts cumulatively reduce economic output by about 7% within five years of their onset, with losses often lasting well beyond the end of fighting. The damage reflects des...
onurdongel Wars leave long economic scars, while rising military spending is forcing governments into increasingly difficult budget choices, the International Monetary Fund said on Wednesday. In a blog analysis , the IMF said conflicts cumulatively reduce economic output by about 7% within five years of their onset, with losses often lasting well beyond the end of fighting. The damage reflects destroyed infrastructure, disrupted trade and investment, and declines in productivity. The economic toll extends beyond directly affected countries. Conflict can spill across borders through trade, migration, and financial channels, weighing on regional and global growth. The IMF also warned that rising military expenditure is adding to macroeconomic pressures at a time when many countries already face constrained fiscal space. Increased defense spending, particularly when financed through borrowing, can widen fiscal deficits and push up public debt. While such spending may provide some short-term support to economic activity, it often comes at the expense of other priorities. Governments may be forced to cut or limit spending on health, education, and infrastructure, potentially undermining long-term growth. The Fund said policymakers face “difficult macroeconomic trade-offs” as they balance security needs with economic stability. It added that rebuilding after conflict requires sustained reforms, strong institutions, and international support to restore confidence and put economies back on a durable growth path. Defense spending around the world was already on the rise, totaling $2.63T in 2025, and the ongoing war on Iran is expected to push that number even higher. Notable defense stocks: Lockheed Martin ( LMT ), RTX ( RTX ), Northrop Grumman ( NOC ), Boeing ( BA ), Honeywell ( HON ), General Dynamics ( GD ), GE Aerospace ( GE ), L3Harris Technologies ( LHX ), TransDigm ( TDG ), and Huntington Ingalls ( HII ). Dear Readers: We recognize that politics often intersect with t...
photobyphm/iStock Editorial via Getty Images Note : We use option activity to determine “when” to buy or sell—not “what” to buy or sell. The “what” decision is best made through fundamental analysis. Once an investor has decided "what" to buy or sell, I would never act without first reviewing what option activity was saying about its immediate price direction . Microsoft's Headed Higher For The Ne...
photobyphm/iStock Editorial via Getty Images Note : We use option activity to determine “when” to buy or sell—not “what” to buy or sell. The “what” decision is best made through fundamental analysis. Once an investor has decided "what" to buy or sell, I would never act without first reviewing what option activity was saying about its immediate price direction . Microsoft's Headed Higher For The Next Few Months Current option activity in Microsoft Corporation ( MSFT ) strongly suggests higher prices over the intermediate-term. The intermediate term is from two to five months. If you're bullish on Microsoft for the long-term, now is a good time to add to positions. If you're bearish, you'll probably get a higher selling price if you wait a few months. Let me show you the evidence. While this data is one week old (subscribers get the current data on 100 stocks), the article's conclusion for a strong intermediate-term buy signal in MSFT still stands. The “Puts To Calls” Ratio Marty Zweig introduced the put-to-call ratio more than fifty years ago. He compared purchases of “put” and “call” option contracts to gauge whether investors were bullish or bearish on the market. He observed that when “too many” investors bought calls, prices typically declined. When “too many” bought puts, prices generally increased. This activity functioned as a contrary sentiment indicator. While Zweig focused on contracts, we analyze capital flows, which we believe provides greater insight. We call our ratio the Directional Premium Puts to Calls Ratio. Directional “Puts To Calls” Ratio Of MSFT The graph below measures the puts-to-calls ratio of dollars flowing into directional puts versus directional calls in MSFT. We average the numbers over 20 days to smooth the ratio into a more meaningful intermediate-term indicator. The Red Zone - Green Zone ranking shows extremes by comparing ratios against their historic norms. It's a buy signal when you get extreme bearish expectations (Green Zone) and...
JHVEPhoto/iStock Editorial via Getty Images I Keep My Bullish Stance On CLS Ahead Of Its Upcoming Earnings Release I've been covering Celestica Inc. ( CLS ) since 2023, mainly rating it as a "Buy", occasionally switching to "Hold" when the price action seemed too stretched to me. CLS turned out to be one of the strongest runners in my coverage history as management kept executing amid the rise of ...
JHVEPhoto/iStock Editorial via Getty Images I Keep My Bullish Stance On CLS Ahead Of Its Upcoming Earnings Release I've been covering Celestica Inc. ( CLS ) since 2023, mainly rating it as a "Buy", occasionally switching to "Hold" when the price action seemed too stretched to me. CLS turned out to be one of the strongest runners in my coverage history as management kept executing amid the rise of AI-driven demand for infrastructural products. My most recent update on the stock came out in February 2026, and it was an upgrade to "Buy" because back then, the stock started to look very promising in terms of its valuation, considering the 1.6T/3.2T networking ramps and continuing hyperscaler demand. Now, Celestica is approaching its earnings day again (scheduled for April 27th, 2026), and I think it's very likely to beat the current pessimistic consensus estimates. I believe the management will guide strongly for the whole calendar 2026, hinting at another great year in 2027, so the market will have to adjust its earnings expectations that have gone nowhere since January 2026. So, I remain bullish ahead of the Q1 print. Why Do I Think So? I covered the cause for Celestica's negative price action following the blowout Q4 results in my February article , while also reviewing quarterly earnings in the same piece, so I highly recommend checking it out in case you haven't. Without repeating the same info and discussion, I'd say that the past year has shown us that CLS has become more of a custom ODM solutions provider (versus its position in 2020, for example), hence removing the cyclical assembler vulnerability from its risk profile. At least that's how I view the firm, and that's the reason it deserves structurally higher valuation multiples today versus its historical norms. Before jumping to the updated valuation discussion, let me take a closer look at what's expected for the upcoming quarter and what's been priced in by the market. The management anticipated that the C...
primeimages/iStock via Getty Images Market volatility eased notably on Wednesday morning as investor sentiment improved following signs of de-escalation in Middle East tensions and a pullback in energy prices. The CBOE Volatility Index ( VIX ), widely viewed as Wall Street’s primary gauge of market fear, fell below the key 20 level for the first time since the recent geopolitical conflict involvin...
primeimages/iStock via Getty Images Market volatility eased notably on Wednesday morning as investor sentiment improved following signs of de-escalation in Middle East tensions and a pullback in energy prices. The CBOE Volatility Index ( VIX ), widely viewed as Wall Street’s primary gauge of market fear, fell below the key 20 level for the first time since the recent geopolitical conflict involving Iran, the United States, and Israel kicked off. The index declined to an intraday low of 19.91, marking its lowest reading since February 27 and signaling a shift toward calmer market conditions. The move coincided with a drop in oil prices, which had previously surged amid concerns over potential supply disruptions tied to the conflict. Geopolitical developments contributed to the improved outlook. President Donald Trump announced a two-week suspension of military strikes on Iran, contingent upon the reopening of the Strait of Hormuz. In response, Iran’s Foreign Minister Abbas Araghchi indicated that Tehran would agree to a ceasefire, provided that hostilities against the country are halted. Together, these developments helped stabilize markets and reduce near-term uncertainty. Here is a group of ETFs and ETNs to further track market volatility: Short Term Volatility Funds: The iPath Series B S&P 500 VIX Short Term Futures ETN ( VXX ) and the ProShares VIX Short-Term Futures ETF ( VIXY ). Medium Term Volatility Funds: The iPath Series B S&P 500 VIX Mid-Term Futures ETN ( VXZ ) and ProShares VIX Mid-Term Futures ETF ( VIXM ). Leveraged Volatility Funds: The ProShares Ultra VIX Short-Term Futures ETF ( UVXY ), ProShares Short VIX Short-Term Futures ETF ( SVXY ), and 2x Long VIX Futures ETF ( UVIX ). More on markets Why this oil rally isn’t crashing stocks—Deutsche Bank breaks it down Ceasefire uncertainty looms large as prediction markets signal a long road to de-escalation Cantor Fitzgerald calls the market pullback a buying opportunity despite Middle East risks From oil ...
Jason Tarry sees salary increase by 21% in year to January, while fewer people are employed at John Lewis and Waitrose stores The boss of the group that owns John Lewis and Waitrose was handed a 21% increase in basic pay last year to £1.2m while the retailer cut 3,300 jobs. Jason Tarry, who became chair of the John Lewis Partnership (JLP) in September 2024, saw his annual salary increase by a fift...
Jason Tarry sees salary increase by 21% in year to January, while fewer people are employed at John Lewis and Waitrose stores The boss of the group that owns John Lewis and Waitrose was handed a 21% increase in basic pay last year to £1.2m while the retailer cut 3,300 jobs. Jason Tarry, who became chair of the John Lewis Partnership (JLP) in September 2024, saw his annual salary increase by a fifth to £1.2m in the year to January, from £990,000. Continue reading...
ClearBridge Investments, a global equity manager, recently published first-quarter 2026 commentary for its “Clearbridge Dividend Strategy”. A copy of the letter can be downloaded here. The market has witnessed two significant developments over the past three months: the war in Iran and the growing displacements of software engineers and the software industry. Amid this context, […]
ClearBridge Investments, a global equity manager, recently published first-quarter 2026 commentary for its “Clearbridge Dividend Strategy”. A copy of the letter can be downloaded here. The market has witnessed two significant developments over the past three months: the war in Iran and the growing displacements of software engineers and the software industry. Amid this context, […]
FreshSplash/E+ via Getty Images Chewy ( CHWY ) has agreed to acquire veterinary platform Modern Animal to accelerate the company’s clinical expansion and its evolution into a fully integrated pet healthcare ecosystem. Modern Animal operates 29 veterinary clinics, provides 24/7 virtual care, and maintains high membership retention. The clinics generate revenue 2 times above the industry average per...
FreshSplash/E+ via Getty Images Chewy ( CHWY ) has agreed to acquire veterinary platform Modern Animal to accelerate the company’s clinical expansion and its evolution into a fully integrated pet healthcare ecosystem. Modern Animal operates 29 veterinary clinics, provides 24/7 virtual care, and maintains high membership retention. The clinics generate revenue 2 times above the industry average per location and EBITDA margins over 20% for mature clinics. This acquisition is expected to add over $125M in annualized run rate revenue, instantly scaling Chewy Vet Care’s footprint from 18 to 47 locations nationwide, and is expected to be EBITDA-dollar neutral in 2026 on a pro forma basis. Moreover, the integration of Modern Animal is expected to be accretive to EPS within the first year after closing. The synergies between Chewy Vet Care and Modern Animal are expected to drive an approximately 15% to 20% increase in net sales per active customer across the veterinary network. The transaction is expected to close in the second quarter of Chewy’s ( CHWY ) fiscal year 2026. Financial terms were not disclosed. In addition to this transaction, the company also announced an increase of $500M to its existing share repurchase program, reflecting “confidence in the company’s long-term strategy, strong free cash flow generation, and disciplined approach to capital allocation.” Chewy ( CHWY ) shares opened modestly higher, surrendering most of its premarket gain. More on Chewy Chewy Is Using AI To Become Much More Profitable (Rating Upgrade) Chewy, Inc. 2026 Q4 - Results - Earnings Call Presentation Chewy, Inc. (CHWY) Q4 2026 Earnings Call Transcript SA analyst upgrades/downgrades: MU, CHWY, CEG, CNXC Chewy gains after issuing a confident outlook for 2026
OpenAI is in a relatively precarious position. The company is and has been a funding behemoth - just over a week ago, it closed $122 billion in funding at a post-money valuation of $852 billion. It's potentially planning for an IPO later this year. ChatGPT's longtime lead in consumer-facing AI led it to name-brand status akin to "Kleenex" for tissues. But in recent months, a slew of executive resh...
OpenAI is in a relatively precarious position. The company is and has been a funding behemoth - just over a week ago, it closed $122 billion in funding at a post-money valuation of $852 billion. It's potentially planning for an IPO later this year. ChatGPT's longtime lead in consumer-facing AI led it to name-brand status akin to "Kleenex" for tissues. But in recent months, a slew of executive reshufflings, discontinued projects, and other news has raised questions about how stable the company really is - and how long it may be able to stay on top. OpenAI's current batch of public controversies started early in the year. At the end of Febru … Read the full story at The Verge.
Terreno Realty ( TRNO ) announced on Wednesday that it sold an industrial property located in Torrance, California, on April 7, 2026, for a sale price of approximately $31.1M. The property consists of a 99,000-square-foot industrial distribution building on 4.7 acres, which is 100% leased. The property was purchased by Terreno Realty on January 31, 2018, for $17.5M. The unleveraged internal rate o...
Terreno Realty ( TRNO ) announced on Wednesday that it sold an industrial property located in Torrance, California, on April 7, 2026, for a sale price of approximately $31.1M. The property consists of a 99,000-square-foot industrial distribution building on 4.7 acres, which is 100% leased. The property was purchased by Terreno Realty on January 31, 2018, for $17.5M. The unleveraged internal rate of return generated by the investment was 10.3%. TRNO is +1.83% to $63.98 Source: Press Release More on Terreno Realty Seeking Alpha’s Quant Rating on Terreno Realty Historical earnings data for Terreno Realty Dividend scorecard for Terreno Realty Financial information for Terreno Realty
U.S. stocks ended mixed on Tuesday, as investors remained hopeful that progress in negotiations would be made at the eleventh hour with Iran since President Donald Trump's deadline for Tehran to open the Strait of Hormuz neared.
U.S. stocks ended mixed on Tuesday, as investors remained hopeful that progress in negotiations would be made at the eleventh hour with Iran since President Donald Trump's deadline for Tehran to open the Strait of Hormuz neared.
The company that makes more money isn't always the better investment, and this comparison is a perfect example of why. Ford ’s (NYSE:F) revenue towers over Rivian 's (NASDAQ:RIVN) in every quarter shown in the chart below, and it isn't close. But both companies are losing money. That shared reality reframes the entire comparison. What you actually want to know isn't who has the bigger top line tod...
The company that makes more money isn't always the better investment, and this comparison is a perfect example of why. Ford ’s (NYSE:F) revenue towers over Rivian 's (NASDAQ:RIVN) in every quarter shown in the chart below, and it isn't close. But both companies are losing money. That shared reality reframes the entire comparison. What you actually want to know isn't who has the bigger top line today. It's who is building a more credible path to profitability. Image source: The Motley Fool. Rivian made notable moves this past quarter. It secured an autonomous deployment agreement with Uber and advanced its software partnership with Volkswagen, two deals that could meaningfully diversify its revenue over time. Despite that progress, Rivian still reported a net income margin of approximately -63% for the quarter ended Dec. 31, 2025. That number looks alarming, but it reflects a company still in a capital-intensive build-out phase, not necessarily a broken business model. Continue reading