Free Speech Shouldn't Be Just For The Party In The White House Authored by Charles Sauer via RealClearMarkets , One of the most important Executive Orders signed by President Trump on his first day in office was Restoring Freedom of Speech and Ending Federal Censorship. As the title suggests, the order forbids any U.S. Government employee from taking any actions that violate the First Amendment ri...
Free Speech Shouldn't Be Just For The Party In The White House Authored by Charles Sauer via RealClearMarkets , One of the most important Executive Orders signed by President Trump on his first day in office was Restoring Freedom of Speech and Ending Federal Censorship. As the title suggests, the order forbids any U.S. Government employee from taking any actions that violate the First Amendment rights of any American citizen. The Executive Order is intended to protect against future encroachments on the right to free speech like those that occurred under the Biden Administration. During the Biden years, government officials routinely pressured social media companies to silence Americans for questioning the official response to COVID-19. For example, Surgeon General Vivek Murthy said that, unless social media companies "voluntarily" removed posts containing "misinformation," the Administration would apply "appropriate legal and regulatory measures." Other members of the Administration sent messages to social media executives, addressing them as if they were poorly performing White House interns . At least one Biden staffer, Deputy Assistant to the President Rob Flaherty, even dropped an F-bomb in an email to Meta, parent company of Facebook and Instagram, inquiring why a post he "requested" be taken down was still up. In March of this year, the Justice Department signed a consent decree with Louisiana and Mississippi settling a lawsuit brought by the states on behalf of their citizens whose First Amendment rights were violated by the Biden Administration's censorship. The settlement forbids the Surgeon General, the Centers for Disease Control and Prevention, and the Cybersecurity and Infrastructure Agency from threatening social media companies for refusing to remove or limit the viewership of "content containing protected free speech." Unfortunately, some members of the Trump Administration seem to have not read this Executive Order. For example, F ederal Trade Comm...
koldo studio/iStock via Getty Images With the stock market rallying to fresh highs, I think there has never been a more important time for investors to diversify and prepare for a rotation in market leadership. Valuations along AI-linked tech stocks have soared, which requires us to look in unloved sectors like software for better deals. Toast ( TOST ), in my view, is misunderstood and ripe for a ...
koldo studio/iStock via Getty Images With the stock market rallying to fresh highs, I think there has never been a more important time for investors to diversify and prepare for a rotation in market leadership. Valuations along AI-linked tech stocks have soared, which requires us to look in unloved sectors like software for better deals. Toast ( TOST ), in my view, is misunderstood and ripe for a rebound. The restaurant software and payments processing company has been battered by weak sentiment among both restaurant and software stocks: but at the same time, the company continues to showcase incredible growth trends that defy the broader macro. Data by YCharts I last wrote a buy article on Toast in March, when the stock was trading at $27 per share. Since then, Toast sunk ~15%, missing out on the broad market gains. I continue to find Toast’s growth initiatives to be quite compelling, and am reiterating my buy rating on this stock. The first thing that investors should note is that Toast’s compression in share price comes alongside a meaningful boost in its guidance: which has resulted in more appealing valuation multiples for the stock. At current share prices near $23, Toast trades at a market cap of $13.43 billion. After we net off the $1.77 billion of cash (against zero debt) on the company’s latest balance sheet, Toast’s resulting enterprise value is $11.66 billion. For FY26, Toast has boosted its expectations of gross profit growth by 1 point y/y, while it’s now also expecting adjusted EBITDA of $790-$810 million, up 2% from the company’s prior midpoint. Toast outlook (Toast Q1 earnings release) This positions the company’s resulting enterprise value at 14.5x EV/FY26 adjusted EBITDA. No, Toast isn’t a value stock yet. But to me, we should consider the fact that the company is growing adjusted EBITDA at a >30% y/y clip. What is also worth mentioning (and another reason Toast deserves a valuation premium at even higher levels) is that the portion of Toast’s EBI...
Tara Moore/DigitalVision via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that l...
Tara Moore/DigitalVision via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the third week of May. Market Action BDCs were down this week, along with nearly all other income sectors. PSEC tumbled on a cut in its dividend, while OTF caught a bid after being pummeled earlier in the year due to its software overweight. Systematic Income We are nearly through the Q1 reporting period, and the average total NAV return for the quarter is pretty close to zero with fairly wide dispersion. FSK and TCPC continued to struggle with portfolio quality issues, while OTF saw net unrealized depreciation as a result of its software loan overweight and lower software loan prices in public markets. Overall, Q1 numbers are actually fairly positive because they don't show any significant systemic deterioration in BDC portfolios. Systematic Income Public credit spreads have fully reversed their widening over Q1, and we expect a bounce in BDC NAVs in Q2 if these spreads remain where they are. FRED BDC valuations bounced off their recent trough but then retreated since the start of the month. Systematic Income Market Themes WSJ reported that Apollo is in talks to sell its public BDC MFIC to another BDC. The key question is what does this say about Apollo's commitment to private credit? In our view, Apollo's direction is very clear - it is doubling down on its private credit commitments. The company pulled in $115bn in Q1 inflows, easily outstripping many of its competitors. And although most of its private credit business is in the investment-grade space, it is also ...
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Qualcomm (NasdaqGS:QCOM) is expanding its automotive partnership with Stellantis to roll out Snapdragon Digital Chassis and Ride Pilot platforms across millions of vehicles. The collaboration includes integration of advanced driver assistance and hands free features across a rang...
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Qualcomm (NasdaqGS:QCOM) is expanding its automotive partnership with Stellantis to roll out Snapdragon Digital Chassis and Ride Pilot platforms across millions of vehicles. The collaboration includes integration of advanced driver assistance and hands free features across a range of Stellantis models. Qualcomm is also deepening its work with Stellantis’s aiMotive unit to support autonomous driving capabilities and smart mobility systems. For Qualcomm, known by many investors for its handset and data center chips, this expanded deal with Stellantis highlights the growing importance of automotive within the broader business mix. Automakers are increasingly turning to specialist chip and software providers to power infotainment, connectivity, driver assistance and automated driving functions, and Qualcomm is positioning its Snapdragon platforms at the center of that shift. As this multi year rollout with Stellantis and the closer collaboration with aiMotive progress, investors watching NasdaqGS:QCOM may want to follow how automotive revenue and design activity are reflected in Qualcomm’s disclosures. The scale implied by integration across millions of vehicles gives this agreement potential to serve as a meaningful reference point for Qualcomm’s role in vehicle autonomy and connected car technology. Stay updated on the most important news stories for QUALCOMM by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on QUALCOMM. NasdaqGS:QCOM Earnings & Revenue Growth as at May 2026 📰 Beyond the headline: 2 risks and 3 things going right for QUALCOMM that every investor should see. The expanded Stellantis agreement gives Qualcomm another proof point that automotive is becoming a meaningful pillar alongside handsets and data centers. Integrating Snapdragon Digital Chassis and Ride Pilot across milli...
Devrimb/iStock via Getty Images Introduction We will start with aquick look at the One-Year Chart of Silver Prices where we can see that silver started 2025 at $30.00/Oz and rallied to $120.00/Oz in January 2026 before a severe correction cut the price in half recently. One-Year Chart of Silver Prices (stockcharts) This chart now suggests silver is in a sideways trading pattern with a slight tilt ...
Devrimb/iStock via Getty Images Introduction We will start with aquick look at the One-Year Chart of Silver Prices where we can see that silver started 2025 at $30.00/Oz and rallied to $120.00/Oz in January 2026 before a severe correction cut the price in half recently. One-Year Chart of Silver Prices (stockcharts) This chart now suggests silver is in a sideways trading pattern with a slight tilt to the upside despite a recent pullback Note that RSI touched the '70' level which is normally regarded as entering the overbought zone and the price corrected to a neutral position as in just below '50' level The following chart is a Cup and Handle chart which depicts silvers explosive breakout after spending 45 years below the $50.00/Oz level Having reached the dizzy heights of $120/Oz, the following correction reduced the price to around $65.00/Oz followed by a period of wild oscillations which are still with us today Silver Cup and Handle chart (stockcharts) Also note that RSI hit the highest level that we have seen for some time before retreating to trade in a more normal fashion between the '70' and the '30' levels. If we now take a look at the gold silver ratio chart of last 20 years it appears to me that the that the average is around 70 to 1, meaning that one ounce of gold was equal to 70 ounces of silver. Now we could go back a lot further than that and depending on the time period we pick we can produce ratios of 15 to 1 etcetera. The gold silver ratio chart of last 20 years (Stockcharts) changed in many ways even in the last 20 years so I'm not sure that going back any further to establish an average ratio has a great deal of relevance, but I would suggest that you do read wide widely on this subject as there are many analysts and many viewpoints to be taken into consideration before you make an investment decision Fundamentals This is always difficult to get a handle on, but we will start with The Silver Institute and their chart of Silver of Supply and Demand....
As I return to China, I do so with an abiding sense of respect for a nation that has become one of Serbia’s most indispensable partners and a defining force of our century. In Europe, discussions about China are too often clouded by suspicion and strategic anxiety. I understand that every major political community must guard its future, but I believe Europe should approach China not with fear and ...
As I return to China, I do so with an abiding sense of respect for a nation that has become one of Serbia’s most indispensable partners and a defining force of our century. In Europe, discussions about China are too often clouded by suspicion and strategic anxiety. I understand that every major political community must guard its future, but I believe Europe should approach China not with fear and suspicion but with confidence and a serious, open-eyed willingness to cooperate. Serbia has chosen the path of openness. And our experience proves that partnership with China brings concrete benefits to ordinary people, workers and families. In many ways, Serbia has become a trailblazer in Europe for a brand of partnership that is both practical and mutually beneficial. Long before connectivity became a buzzword, we understood the importance of building bridges between East and West. Through our framework with central and Eastern Europe, the relationship has matured into a broad and enduring partnership – and its fruits are now visible across our landscape in infrastructure, energy and technology. Advertisement The heartbeat of this relationship remains the steel mill in Smederevo . When President Xi Jinping visited Serbia in 2016, we travelled together to a plant that stood on the brink of collapse. At that moment, thousands of families feared for their future, and the fate of an entire city was uncertain. Then came Chinese investment and, just as important, Chinese confidence. The revitalisation of the mill by HBIS Group was more than an economic project. It was proof that together we could restore dignity where others saw only decline. Today, 5,000 people are employed there directly, and thousands more depend on its success. What was once a symbol of industrial uncertainty has become a testament to renewal. Chinese President Xi Jinping greets workers and citizens in Smederevo, Serbia, during a tour of the steel mill on June 19, 2016. Photo: EPA I remember clearly the atm...
Hong Kong’s technology infrastructure is undergoing a major transformation as local government and businesses replace Western products with domestic alternatives, driven by closer integration with mainland China and rising geopolitical risks, according to tech experts. US tech giants like Microsoft have long “served as the bedrock of Hong Kong’s digital landscape”, but that dominance is now being ...
Hong Kong’s technology infrastructure is undergoing a major transformation as local government and businesses replace Western products with domestic alternatives, driven by closer integration with mainland China and rising geopolitical risks, according to tech experts. US tech giants like Microsoft have long “served as the bedrock of Hong Kong’s digital landscape”, but that dominance is now being actively contested, particularly in the government sector, according to Francis Fong Po-kiu , honorary president of the Hong Kong Information Technology Federation. In a sign of this shift, the Hong Kong Police Force is replacing Microsoft SharePoint – a cloud-based platform used by organisations to build intranets and manage documents – with mainland China’s Seeyon software in one division, according to Stony Shi, Seeyon’s head of business for the Asia-Pacific region. Another department made the same switch in 2024, Shi added. Advertisement Microsoft did not respond to a request for comment. The Hong Kong Police said that it adhered to established procurement procedures to acquire necessary services for operational use, and that it would not reveal specifics of the procurement due to operational reasons. Advertisement
Key Points Ford consistently generates higher revenue than Tesla, maintaining a distinct gap across all observed periods. Both companies experienced quarter-over-quarter revenue declines in their most recent periods but maintained higher levels than the prior year. Investors should monitor whether the revenue gap between the two companies continues to widen or begins to narrow in upcoming quarters...
Key Points Ford consistently generates higher revenue than Tesla, maintaining a distinct gap across all observed periods. Both companies experienced quarter-over-quarter revenue declines in their most recent periods but maintained higher levels than the prior year. Investors should monitor whether the revenue gap between the two companies continues to widen or begins to narrow in upcoming quarters. 10 stocks we like better than Ford Motor Company › Ford Motor: Maintaining Revenue Scale Ford Motor (NYSE:F) primarily generates revenue by developing, manufacturing, delivering, and servicing trucks, commercial vans, and luxury vehicles for consumers and fleets worldwide. It established a new product creation organization to consolidate vehicle development and signed a framework agreement to provide battery energy storage systems, and it reported an approximately 6% net income margin for the quarter ended March 31, 2026. Tesla: Navigating Revenue Fluctuations Tesla (NASDAQ:TSLA) primarily earns revenue by designing, manufacturing, leasing, and selling electric passenger vehicles and solar energy storage systems to residential and commercial customers internationally. It transitioned its Full Self-Driving software to a subscription-only model and announced workforce reductions at its Texas facility, while reporting an approximately 2% net income margin for the quarter ended March 31, 2026. Why Revenue Matters for Retail Investors Revenue serves as a fundamental indicator of how much total money a business brings in through its core operations before accounting for any expenses. Tracking this metric helps investors to gauge raw business scale and growth. Image source: The Motley Fool. Quarterly Revenue for Ford Motor and Tesla Quarter (Period End) Ford Motor Revenue Tesla Revenue Q2 2024 (June 2024) $47.8 billion $25.5 billion Q3 2024 (Sept. 2024) $46.2 billion $25.2 billion Q4 2024 (Dec. 2024) $48.2 billion $25.7 billion Q1 2025 (March 2025) $40.7 billion $19.3 billion Q2...
Morsa Images/DigitalVision via Getty Images Introduction Driven by the demand stemming from an aging population, Addus HomeCare ( ADUS ) continues to display a strong operating record, bolstered by favorable industry growth prospects. Fundamentally, the company has the characteristics for long-term success. But as of late, the price seems to be driven by market concerns regarding the regulatory en...
Morsa Images/DigitalVision via Getty Images Introduction Driven by the demand stemming from an aging population, Addus HomeCare ( ADUS ) continues to display a strong operating record, bolstered by favorable industry growth prospects. Fundamentally, the company has the characteristics for long-term success. But as of late, the price seems to be driven by market concerns regarding the regulatory environment and federal fraud-fighting initiatives. These fears seem overstated when it comes to Addus's business specifically. In fact, the current environment provides opportunistic growth levers for Addus to emerge as a net winner of the current chaos. Thus, the current valuation is a compelling BUY opportunity for investors. Industry Background For those unaware, ADUS operates in the attractive home care market, providing the company with sector tailwinds that are compelling for sustainable long-term growth. Elevated Demand From Aging Population It is well known that a larger portion of Americans are becoming old, with forecasts indicating that by 2030, one in five Americans will be 65+ ( 20.7% ). Why is this particularly beneficial for home care? Firstly, chronic diseases/illnesses are on the rise among the elderly, so the need for assisted care is more pronounced. But the elderly increasingly prefer aging at home rather than at a facility (ex. nursing home), and thus home care fulfills the needs and wants of the elderly. Lastly, the expansion of Medicaid eligibility to lower-income adults in recent decades has meant home care is accessible to all, an effect that will be fully realized in years to come as more baby boomers start to retire. The above combination of factors means the home care market is entering a period of elevated yet sustained demand for years to come. Industry Fragmentation Personal care is dominated by thousands of small, regional operators, many of which are family-owned. With no one dominant player and a constant supply of assets in the market, roll...