Zillow Group (ZG, Z) is facing a challenging environment driven by fragmented real estate listings s Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
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Hyperscalers’ capex boom is closely watched as the ultimate barometer of how long the AI cycle lasts. Nvidia’s earnings show demand broadening and rising faster elsewhere, reducing chipmakers’ overdependence on mega-cap tech. Ivan Feinseth, CIO at Tigress Financial, recaps Nvidia earnings and discusses his outlook on the broader sector as some big tech IPOs loom. (Source: Bloomberg)
Hyperscalers’ capex boom is closely watched as the ultimate barometer of how long the AI cycle lasts. Nvidia’s earnings show demand broadening and rising faster elsewhere, reducing chipmakers’ overdependence on mega-cap tech. Ivan Feinseth, CIO at Tigress Financial, recaps Nvidia earnings and discusses his outlook on the broader sector as some big tech IPOs loom. (Source: Bloomberg)
Five people have been arrested as part of a police investigation into allegations that fake independent candidates were used to influence the outcome of a local election in Tameside. Greater Manchester police said four men and a woman, aged between 23 and 47, were arrested on suspicion of fraud offences on Thursday morning in the Ashton-under-Lyne area. The force said the arrests related to the “p...
Five people have been arrested as part of a police investigation into allegations that fake independent candidates were used to influence the outcome of a local election in Tameside. Greater Manchester police said four men and a woman, aged between 23 and 47, were arrested on suspicion of fraud offences on Thursday morning in the Ashton-under-Lyne area. The force said the arrests related to the “process of how candidates were put forward and represented in the ward, and if this adhered to the relevant legislation and electoral procedures”. The Mill, a Manchester-based publication, had investigated claims that individuals were encouraged to stand as independent candidates in the St Peter’s ward election in May to split opposition votes and benefit Labour. Atta Ul-Rasool, the Labour candidate, won the St Peter’s ward seat with 177 votes more than Ahmed Mehmood, an independent candidate, and was the only Labour candidate to win a seat in Tameside. Two other independent candidates, Marie Fairhurst and Muhammad Ali, received a combined 291 votes. The Mill reported that both candidates had little visible campaign presence and did not respond to attempts to contact them during the election campaign. After the result, the Tameside Correspondent reported that Fairhurst said she had not been aware she was standing as a candidate. Kaleel Khan, a councillor who managed Mehmood’s campaign, told the Mill he intended to challenge the election result at Tameside council. No charges have been brought. The police investigation continues.
J Studios/DigitalVision via Getty Images Mortgage rates ticked up this week but kept fluctuating in a narrow range for the month, according to the latest Freddie Mac ( FMCC ) Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.51% as of May 21, up from 6.36% last week and down from 6.86% in the same period a year ago. 15-year fixed-rate mortgages averaged 5.85%, up from 5.71% last wee...
J Studios/DigitalVision via Getty Images Mortgage rates ticked up this week but kept fluctuating in a narrow range for the month, according to the latest Freddie Mac ( FMCC ) Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.51% as of May 21, up from 6.36% last week and down from 6.86% in the same period a year ago. 15-year fixed-rate mortgages averaged 5.85%, up from 5.71% last week and below the year-ago level of 6.01%. "As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially save thousands," said Sam Khater, Freddie Mac's chief economist. Here is a look at the one-month mortgage rate movements: Source: Freddie Mac More related to Mortgages Housing demand remains strong even with rate volatility - analyst Bond market selloff may be just the beginning - TS Lombard's Blitz Mortgage demand down to lowest level in five weeks
Getty Images In my view, one of the most important dynamics that we have to watch out for in the stock market of 2026 is how lopsided the recent rally has been. While AI-linked hardware and semiconductor stocks have driven virtually all of the market’s gains, most sectors remain in huge decline, especially software, internet, and retail stocks. To me, this is a critical juncture for us to go again...
Getty Images In my view, one of the most important dynamics that we have to watch out for in the stock market of 2026 is how lopsided the recent rally has been. While AI-linked hardware and semiconductor stocks have driven virtually all of the market’s gains, most sectors remain in huge decline, especially software, internet, and retail stocks. To me, this is a critical juncture for us to go against the tide and diversify our portfolios by selectively picking strong companies in these oversold sectors to protect against downside in the S&P 500 ( SP500 ), and within the retail space, Ralph Lauren Corporation ( RL ) is a standout pick. The high-end apparel maker has seen its share price flatten this year, broadly underperforming the S&P 500 despite very strong growth performance in a tough macro. That said, the stock jumped ~10% after reporting blockbuster fiscal Q4 results , which could signal the beginning of a turnaround in this stock. Data by YCharts I last wrote a Buy article on Ralph Lauren in February, when the stock was trading at ~$340 per share. Since then, Ralph Lauren has continued to bleed downward while the rest of the stock market rallied - despite the fact that, in my view, the company has clearly differentiated its sales performance versus struggling retail peers. I reiterate my Buy opinion here. As a refresher for investors who are newer to Ralph Lauren, here are the top reasons to be long on this stock: Ralph Lauren exhibits best-in-class comp sales in a tough macro. The company’s double-digit comps growth stands in stark contrast to many apparel makers that have struggled even to maintain positive growth, which illustrates the global cachet of its brand and the effectiveness of its execution. Appealing at multiple price points. Ranging from the higher-end Purple Label to the mid-range Polo Ralph Lauren, the company has achieved what few fashion/apparel companies have: appealing to a wide price range in the market with multiple successful brands. As...
Leia em português Investors are selling the largest exchange-traded fund tracking Latin American stocks at the fastest pace in years as mounting political uncertainty across the region and the artificial-intelligence trade in Asia prompt money managers to rethink their exposure. BlackRock’s $4.5 billion iShares Latin America 40 ETF recorded $235 million in withdrawals as of Wednesday, putting it o...
Leia em português Investors are selling the largest exchange-traded fund tracking Latin American stocks at the fastest pace in years as mounting political uncertainty across the region and the artificial-intelligence trade in Asia prompt money managers to rethink their exposure. BlackRock’s $4.5 billion iShares Latin America 40 ETF recorded $235 million in withdrawals as of Wednesday, putting it on track for its biggest weekly outflow since December 2021. Stock markets from Brazil to Colombia have lagged the broader emerging-market region as a global bond selloff and Asia’s booming AI bets pressure investors to shift capital away from the region. “Recent spikes in US treasury yields is supporting the dollar and putting incremental inflation pressure on the region. This might be easing the enthusiasm for potential rate cuts,” said Malcolm Dorson , senior portfolio manager of the Global X Brazil Active ETF and head of EM strategy. “At the same time, the AI trade has continued to suck capital out from all corners of the world.” On top of external factors, investors are also grappling with local political risks tied to elections across the region. In Brazil, the region’s largest economy, recent polls showed President Luiz Inacio Lula da Silva reclaiming his lead in in the upcoming presidential race as Senator Flavio Bolsonaro lost support amid revelations about his ties to a central figure in the country’s biggest banking fraud scandal. Read more: Brazil Assets Sink as Bolsonaro Tied to CEO in Bank Scandal The nation’s Ibovespa stock index fell 2% in dollar terms after Intercept Brasil published the audio messages on May 13 showing Bolsonaro sought millions of dollars from Vorcaro for a film about his father. So far in May, the index is down 6.4%, compared to a 4.7% advance for the MSCI EM Index. “In terms of politics, we’re still months away from the election and volatility was to be expected,” said Dorson, adding that external factors could be driving most of the outf...
Key Points Micron hasn't split its stock since 2000. Micron's profits and revenues are soaring thanks to a major shortage of memory chips. 10 stocks we like better than Micron Technology › After any stock experiences a major (and apparently durable) rise, it's almost inevitable that some people will start discussing the possibility that the company will consider a stock split. Case in point: A yea...
Key Points Micron hasn't split its stock since 2000. Micron's profits and revenues are soaring thanks to a major shortage of memory chips. 10 stocks we like better than Micron Technology › After any stock experiences a major (and apparently durable) rise, it's almost inevitable that some people will start discussing the possibility that the company will consider a stock split. Case in point: A year ago, Micron(NASDAQ: MU) was trading for around $100 per share, a price that's relatively accessible to retail investors. Now, however, after it has risen by more than 600% in just 12 months to over $700 per share, such a move seems more reasonable. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » So, could Micron be splitting its stock soon? It has been a long time since Micron split its stock It has been more than 25 years since Micron's last stock split. In May 2000, it split its stock 2-for-1, following another 2-for-1 split in 1995. Stock splits were a lot more common back then, and there's no indication of how Micron will act now. However, once a stock nears $1,000, the general mood of most management teams is to enact a stock split. This makes it more affordable for the company to include stock options in employee compensation plans; otherwise, options contracts (which are usually for 100 shares) would be quite expensive to hand out. So, can Micron keep running to $1,000 per share? I think it can. Micron is a memory chip producer, and the supply of server memory chips is essentially sold out, and future production has been bought in advance, thanks to insatiable AI data center demand. Even regular PC memory, which used to be quite cheap, has skyrocketed in price due to the supply crunch. This has allowed Micron and its peers to radically boost their prices, so its revenues and profits are soaring. ...
The Avantis International Large Cap Value ETF is seeing unusually high volume in afternoon trading Thursday, with over 2.2 million shares traded versus three month average volume of about 137,000. Shares of AVIV were off about 0.6% on the day. Components of that ETF with the highest volume on Thursday were Nebius Group, trading up about 16.4% with over 13.6 million shares changing hands so far thi...
The Avantis International Large Cap Value ETF is seeing unusually high volume in afternoon trading Thursday, with over 2.2 million shares traded versus three month average volume of about 137,000. Shares of AVIV were off about 0.6% on the day. Components of that ETF with the highest volume on Thursday were Nebius Group, trading up about 16.4% with over 13.6 million shares changing hands so far this session, and Lloyds Banking Group, down about 1.6% on volume of over 12.5 million shares. Carnival is lagging other components of the Avantis International Large Cap Value ETF Thursday, trading lower by about 2.4%. VIDEO: Thursday's ETF with Unusual Volume: AVIV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
At this point, it's undeniable that the issue with Nvidia stock is sentiment, or rather disbelief. Yep, that's it. Disbelief. There's no other way to explain the muted stock reaction to Nvidia's quarterly report — not only after Wednesday night's blowout, but over the past several quarters. "Demand has gone parabolic," CEO Jensen Huang said to close out the call. Last quarter, he said demand was "...
At this point, it's undeniable that the issue with Nvidia stock is sentiment, or rather disbelief. Yep, that's it. Disbelief. There's no other way to explain the muted stock reaction to Nvidia's quarterly report — not only after Wednesday night's blowout, but over the past several quarters. "Demand has gone parabolic," CEO Jensen Huang said to close out the call. Last quarter, he said demand was "skyrocketing." You almost feel bad for him. He's going to run out of words soon to describe the demand. Arguably, the most interesting part of Nvidia's report is its new reporting framework — specifically, breaking down its data center business by the hyperscalers ( Amazon , Alphabet , Meta , and Microsoft ) and non-hyperscale customers. Listen, the hyperscalers are important. They're spending hundreds of billions on capital expenditures to build new data centers. They've been the main course for the last $200 worth of Nvidia stock gains. But what if they were only the appetizer? On the call, Huang said Nvidia revenue will grow faster than the growth of hyperscale capex. So, if hyperscale capex is what got us here, and Huang expects Nvidia revenue to outpace future hyperscale capex growth going forward, where does the upside come from? Everyone and everywhere else. We covered this in our earnings analysis Wednesday night. But let's spend a minute going deeper into these non-hyperscalers. That group consists of purpose-built AI computing providers called neoclouds (think CoreWeave , Nebius , and Iren ). It also includes industrial companies and other enterprises with on-premise computing infrastructure; countries building out their own AI infrastructure in what Nvidia calls sovereign AI; and other smaller AI players. Nvidia's official name for this sub-segment is AI Clouds, Industrial and Enterprise (ACIE). Huand said the customers in the ACIE cohort are "fairly poorly understood," attributing that in part to how fragmented the market is. This may work in Nvidia's favor over...
Clear Secure (YOU) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The upward trend in estimate revisions for this airport security company reflects growing optimism of analysts on its earnings prospects, which should get reflect...
Clear Secure (YOU) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The upward trend in estimate revisions for this airport security company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Clear Secure, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: 12 Month EPS Current-Quarter Estimate Revisions For the current quarter, the company is expected to earn $0.43 per share, which is a change of +65.4% from the year-ago reported number. Over the last 30 days, the Zacks Consensus Estimate for Clear Secure has increased 8.47% because three estimates have moved higher compared to no negative revisions. Current-Year Estimate Revisions The company is expected to earn $1.78 per share for the full year, which represents a change of +58.9% from the prior-year number. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Clear Secure. Over the past month, three estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 10.33%. Favorable Zacks Rank The promising estimate revi...
Investors might want to bet on International Seaways (INSW), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflec...
Investors might want to bet on International Seaways (INSW), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For International Seaways, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: 12 Month EPS Current-Quarter Estimate Revisions The earnings estimate of $4.51 per share for the current quarter represents a change of +342.2% from the number reported a year ago. Over the last 30 days, one estimate has moved higher for International Seaways while one has gone lower. As a result, the Zacks Consensus Estimate has increased 64.98%. Current-Year Estimate Revisions For the full year, the company is expected to earn $14.99 per share, representing a year-over-year change of +176.6%. The revisions trend for the current year also appears quite promising for International Seaways, with two estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 53.96%. Favorable ...
Federal Reserve Bank of Richmond President Tom Barkin said the ability of businesses and consumers to tolerate the latest in a series of supply shocks will determine whether the US central bank can continue to “look through” higher inflation without raising interest rates. “With inflation above our 2% target for over five years now, it’s worth asking whether the cumulative impact of so many waves ...
Federal Reserve Bank of Richmond President Tom Barkin said the ability of businesses and consumers to tolerate the latest in a series of supply shocks will determine whether the US central bank can continue to “look through” higher inflation without raising interest rates. “With inflation above our 2% target for over five years now, it’s worth asking whether the cumulative impact of so many waves risks loosening the anchor,” Barkin said Thursday in remarks prepared for a speech in Raleigh, North Carolina. “For me, it comes down to how much businesses, consumers, and inflation expectations can take.” Barkin’s comments come as an energy-price shock triggered by the Iran war has shifted sentiment among Fed officials away from any consideration of rate cuts in the near term. A growing number of them are advocating a decision to signal that the central bank’s next move is just as likely to be a hike as a cut. Read More: Fed Minutes Show More Officials Warned of Rate-Hike Scenario The Richmond Fed chief suggested he’s become more concerned about the possibility that the US has entered a new era in which supply shocks will prove more frequent — driven by heightened geopolitical tensions, trade fragmentation, more severe weather events, rising government debt and other forces. For the time being, he said, the Fed’s monetary policy setting is “well positioned” to manage risks to both the labor market and inflation. Investors now see a quarter-point rate increase by the end of 2026 as probable, according to federal funds futures .
Jane Street Accused Of Using Terra Telegram Backchannel Before UST Crash Authored by Zoltan Vardai via CoinTelegraph.com, A newly unsealed court filing in the Terraform Labs bankruptcy case alleges Jane Street used a private Telegram channel with former Terraform intern Bryce Pratt to obtain nonpublic information before the collapse of TerraUSD . Pratt is currently a systems developer at Jane Stre...
Jane Street Accused Of Using Terra Telegram Backchannel Before UST Crash Authored by Zoltan Vardai via CoinTelegraph.com, A newly unsealed court filing in the Terraform Labs bankruptcy case alleges Jane Street used a private Telegram channel with former Terraform intern Bryce Pratt to obtain nonpublic information before the collapse of TerraUSD . Pratt is currently a systems developer at Jane Street. The channel, called “Bryce’s Secret,” allegedly gave the quantitative trading firm a backchannel to Terraform insiders as Jane Street unwound exposure to TerraUSD (UST) shortly before the algorithmic stablecoin lost its dollar peg in May 2022, according to the filing. “Jane Street used Bryce’s Secret chat group and other backchannel sources of non-public information to front-run trading that hastened the collapse of Terraform,” the filing states. The claims renew scrutiny of who profited from Terra’s $40 billion collapse, one of the crypto industry’s largest failures, and could test how traditional insider trading and market manipulation theories apply to decentralized finance markets. On Feb. 23, Todd Snyder, Terraform’s court-appointed administrator, sued Jane Street , its co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang in Manhattan federal court, accusing them of “misappropriating confidential information and manipulating market prices.” Two months later, Jane Street filed a motion to dismiss the lawsuit, arguing that Terraform attempted to “extract cash from Jane Street to foot the bill for a fraud that Terraform itself perpetrated on the market,” Cointelegraph reported on April 23. A spokesperson for Jane Street told Cointelegraph that the lawsuit was a transparent attempt to “extract money when it is well-established that the losses suffered by Terra and Luna holders were the result of a multi-billion dollar fraud perpetrated by the management of Terraform Labs.” Terraform Labs court filing in the lawsuit against Jane Street. Source: cloudf...
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. 1. Stocks fell Thursday as U.S. oil prices climbed back above $100 a barrel. Optimism faded on an Iran peace deal after reports that Iran's supreme leader would not allow the country's enriched uranium to be shipped abroad . Treasury yields moved h...
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. 1. Stocks fell Thursday as U.S. oil prices climbed back above $100 a barrel. Optimism faded on an Iran peace deal after reports that Iran's supreme leader would not allow the country's enriched uranium to be shipped abroad . Treasury yields moved higher as investors worried that elevated energy prices could reignite inflation. Jim Cramer said, "Everything was looking real good, and then suddenly what happens? Oil goes up." On Nvidia , Jim said he would view the stock's modest post-earnings pullback as a buying opportunity, suggesting investors gradually start building a position if they do not already own the stock. 2. The biggest winner of Nvidia's blockbuster earnings is Arm Holdings . The Club stock surged nearly 9% — extending their weekly rally to 35%. Thursday's gains in Arm followed commentary from Nvidia's earnings call, during which management highlighted strong demand for their new Arm-based Vera CPU. They are predicting roughly $20 billion in CPU-related revenue this year. That figure would make Nvidia one of the world's largest CPU providers and benefit Arm through royalty payments. After Arm's massive run — now up roughly 60% since we first bought shares — Jim suggested it may be time to "take some off." We booked some profits in Arm on Monday, reflecting our discipline around trimming parabolic moves, even while remaining bullish on the long-term story. 3. FedEx was reinstated by Citi with a buy rating and $443 price target. Citi pointed to FedEx's favorable setup as the shipping company focuses on market share gains, cost cuts, and improved profitability following its freight spinoff on June 1. Jim said he still sees meaningful upside, arguing FedEx is taking market share from rival United Parcel Service and could benefit from a higher valuation after spinning off its truck business. "I'd still buy rig...
We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term. Alphabet Inc (NASDAQ:GOOGL) ranks #4 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term). Short Interest: 1.4% TPUs and Google Cloud make Alphabet Inc (NASDAQ:GOOGL) a notable pick-and-shovel name that also benefits from the AI consumption layer. TPUs (Tensor Processing Units) are custom-built AI accelerato...
We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term. Alphabet Inc (NASDAQ:GOOGL) ranks #4 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term). Short Interest: 1.4% TPUs and Google Cloud make Alphabet Inc (NASDAQ:GOOGL) a notable pick-and-shovel name that also benefits from the AI consumption layer. TPUs (Tensor Processing Units) are custom-built AI accelerator chips developed by Alphabet Inc (NASDAQ:GOOGL) specifically for machine learning workloads. These chips are optimized for high-efficiency, low-cost AI computation inside Google’s ecosystem. The focus is not maximum flexibility, but maximum efficiency per dollar of compute. Their demand is expected to increase because companies are increasingly looking for dedicated AI compute resources tailored for training and running large models at scale. Google Cloud is another reason Alphabet Inc (NASDAQ:GOOGL) can be considered a pick-and-shovel AI beneficiary. It provides the infrastructure layer for AI development, including compute, storage, networking, and managed AI platforms where companies train and deploy models. Through Google Cloud, customers can access TPUs, GPUs, and full AI development environments without building their own data center infrastructure. Recently, Google Cloud reported over 60% year-over-year growth (latest reported quarter), with AI-driven demand becoming a key contributor to that acceleration. L1 Capital International Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q1 2026 investor letter: Portfolio adjustments during the March 2026 quarter were relatively modest, but deliberate. We trimmed investments in AerCap, Alphabet Inc. (NASDAQ:GOOGL), HCA Healthcare and Weir Group at prices around the top end of our assessed fair value range, with all of these businesses benefitting from positive sentiment intra-quarter. Alphabet’s share price has more than doubled over the past 12 months. This reflects .... (Click Here to Read the Letter...