It’s unusual for Apple (AAPL) to signal anything about its suppliers, but Tim Cook broke from that pattern, a move that has clear implications for Micron Technology (MU) investors. For perspective, Micron has ridden a tidal wave of AI memory demand over the past several quarters, a trend ...
It’s unusual for Apple (AAPL) to signal anything about its suppliers, but Tim Cook broke from that pattern, a move that has clear implications for Micron Technology (MU) investors. For perspective, Micron has ridden a tidal wave of AI memory demand over the past several quarters, a trend ...
gorodenkoff Army Secretary Dan Driscoll is bringing together major defense contractors and tech firms like Palantir ( PLTR ) and Anduril in an effort to make U.S. weapons systems communicate more seamlessly and integrate artificial intelligence, Bloomberg News reported Tuesday. The initiative, called the “Right to Integrate Hackathon,” aims to fix a long-standing problem: military technology that ...
gorodenkoff Army Secretary Dan Driscoll is bringing together major defense contractors and tech firms like Palantir ( PLTR ) and Anduril in an effort to make U.S. weapons systems communicate more seamlessly and integrate artificial intelligence, Bloomberg News reported Tuesday. The initiative, called the “Right to Integrate Hackathon,” aims to fix a long-standing problem: military technology that operates in silos and requires costly, custom work to connect. Driscoll said the idea was sparked by a visit to Germany, where Ukrainian forces demonstrated a more flexible, open-architecture approach. The first phase will focus on air defense systems, drones and missiles, with more than 50 platforms expected to be involved. Participants include Lockheed Martin ( LMT ), Northrop Grumman ( NOC ), RTX ( RTX ), Boeing ( BA ) and General Dynamics ( GD ), alongside L3Harris ( LHX ), Perennial Autonomy, Palantir and Anduril. Anduril’s Lattice platform will act as a test system to validate integration. The effort reflects a broader push to modernize Pentagon procurement with a faster, more startup-like approach. At Fort Carson, Colorado, companies will be asked to open their systems so they can connect more easily, enabling quicker deployment and improved AI-driven decision support while keeping humans in control. Army officials say the goal is to move away from closed systems and slow, bespoke integrations toward a more interoperable and adaptable battlefield network. More on Lockheed Martin, Boeing, etc. Lockheed Martin Q1 2026: Noise Vs. Signal In The Defense Sector General Dynamics: A Huge Backlog Of Work And Contract Wins Keep Things Moving Palantir: Hypergrowth Kicking In Palantir stock drops despite strong results—These ETFs have the highest exposure AI still in early innings, Palantir leads software pack, Wedbush’s Ives - CNBC interviews
ServiceNow (NYSE:NOW) used its Knowledge 2026 event to introduce major AI platform advances, including autonomous agents and an upgraded AI Control Tower for enterprise governance. The company launched ServiceNow Otto, a unified conversational AI and workflow automation experience intended to sit across the enterprise. New and expanded partnerships were announced with NVIDIA, Microsoft, Lenovo, an...
ServiceNow (NYSE:NOW) used its Knowledge 2026 event to introduce major AI platform advances, including autonomous agents and an upgraded AI Control Tower for enterprise governance. The company launched ServiceNow Otto, a unified conversational AI and workflow automation experience intended to sit across the enterprise. New and expanded partnerships were announced with NVIDIA, Microsoft, Lenovo, and FedEx, focused on desktop AI agents, cross cloud governance, device lifecycle automation, and...
MikeMareen/iStock via Getty Images We have seen a lot of changes and happenings that upended the energy market. The combination of the Middle East tension, Strait of Hormuz blockade, stubborn inflation, and oil supply concerns sent oil prices to their one-year high. Most oil stocks, if not all, have benefited from the trend. After all, higher oil prices meant higher margins for oil production, mor...
MikeMareen/iStock via Getty Images We have seen a lot of changes and happenings that upended the energy market. The combination of the Middle East tension, Strait of Hormuz blockade, stubborn inflation, and oil supply concerns sent oil prices to their one-year high. Most oil stocks, if not all, have benefited from the trend. After all, higher oil prices meant higher margins for oil production, more volume for midstream companies, and oil volume and fuel prices for downstream companies. Even Hess Midstream LP ( HESM ) benefited from the trend after increasing by 8% from my previous coverage . However, we can notice the cautious stance of the market if you look at its technicals. I understand the sentiments of investors as market risks and valuation suggest limited upside. Dividends and fundamentals are still robust today, which may tell us that it deserves to be retained in your portfolio if you already have it. But for those looking for portfolio additions, you can think twice before rushing into it. Middle East Tension - Why Nothing Much Has And Would Change The Middle East tension has led to numerous disruptions in the past two months. Iran attacked oil facilities in neighboring countries, especially Saudi Arabia. The Strait of Hormuz was blocked, which raised global oil supply concerns. These events have pushed oil prices above the $100 benchmark. This made oil more interesting and profitable for oil stocks. But in the context of HESM, it seems that things were not as explosive as they seemed if you look at its most recent performance. This is understandable because HESM is a midstream company. It cares about oil volumes more than oil prices. It earns from the volume of oil that flows through its pipelines and gets stored. Also, it is in a fee-based and contract model, so it cannot just adjust prices that easily. But what I think is the most important thing to consider is the Bakken shale statistics since HESM is deeply tied to it. Oil production statistics in th...
U.S. stocks just wrapped up a fantastic April. The State Street Technology Select Sector SPDR ETF (NYSEMKT: XLK) finished the month up 20%, only the second time the fund has posted that kind of monthly return since its inception in late 1998 (it gained 24% in October 2002). The S&P 500 (SNPINDEX: ^GSPC) didn't do quite as well, but it gained 10.5% itself thanks to that big rally in tech. If there'...
U.S. stocks just wrapped up a fantastic April. The State Street Technology Select Sector SPDR ETF (NYSEMKT: XLK) finished the month up 20%, only the second time the fund has posted that kind of monthly return since its inception in late 1998 (it gained 24% in October 2002). The S&P 500 (SNPINDEX: ^GSPC) didn't do quite as well, but it gained 10.5% itself thanks to that big rally in tech. If there's a downside to this, it's that the tech sector was the only sector to outperform the S&P 500 in April. It's still good news for the majority of investors, even if it wasn't quite so good for those who had been repositioning themselves for the market rotation earlier this year. A monthly gain of 10% or more for the S&P 500 isn't unprecedented, but it's rare. Over the past 50 years, April 2026 is only the 13th occasion on which this has occurred. Continue reading
(RTTNews) - After a flat start, the Switzerland market gained in strength and stayed positive right through the trading session on Tuesday, in line with markets across Europe.
(RTTNews) - After a flat start, the Switzerland market gained in strength and stayed positive right through the trading session on Tuesday, in line with markets across Europe.
RDDT trades at a steep premium, but rapid ad growth, rising ARPU, and AI-driven tools are powering momentum despite ongoing market and competitive pressures.
RDDT trades at a steep premium, but rapid ad growth, rising ARPU, and AI-driven tools are powering momentum despite ongoing market and competitive pressures.
Earnings Call Insights: Bowhead Specialty Holdings Inc. (BOW) Q1 2026 Management view "Bowhead delivered a strong start to 2026 with gross written premiums increasing 24% year-over-year to approximately $217 million," said (CEO Stephen Sills), highlighting "disciplined premium growth across all divisions" with "casualty driving the largest growth complemented by strong execution in Baleen." On mix...
Earnings Call Insights: Bowhead Specialty Holdings Inc. (BOW) Q1 2026 Management view "Bowhead delivered a strong start to 2026 with gross written premiums increasing 24% year-over-year to approximately $217 million," said (CEO Stephen Sills), highlighting "disciplined premium growth across all divisions" with "casualty driving the largest growth complemented by strong execution in Baleen." On mix and market conditions, (CEO Sills) said casualty GWP "increased more than 20% to $147 million" and that the company is "growing in areas where terms and pricing were favorable" while "contracting in areas where we saw downward pricing pressure." He also said, "we continue to believe excess casualty remains the most favorable segment in our marketplace today." Digital underwriting was positioned as a structural complement to craft underwriting. (Head of Digital Underwriting Brandon Mezick) said, "Digital underwriting gives us a durable complementary channel" to access SME E&S "efficiently and we believe more profitably with less volatility," and described Baleen as "nearly fully automated" with brokers often telling Bowhead "we are the first" to quote. (CFO Brad Mulcahey) summarized profitability and returns as follows: "Bowhead generated adjusted net income of $16 million in the first quarter of 2026" and "diluted adjusted earnings per share was $0.48 for the quarter" with "adjusted return on average equity" of "14.1%." Outlook Management reiterated the full-year premium growth framework and flagged a key distribution constraint being removed. (CFO Mulcahey) said the company "expanded our agreement with American Family to support the around 20% GWP growth we're expecting this year" and that the change "raises the $1 billion annual premium cap, which we are projected to exceed this year if we grow around 20%." Digital growth was framed as a scaling contributor rather than a fully matured earnings driver. (Head of Digital Underwriting Mezick) said, "Digital underwriting repr...
Morningstar’s Investing Insights podcast recently spotlighted four S&P 500 stocks that have already declared dividend increases of 10% or more, effectively locking in their place on next year’s Dividend Growers screen, which requires companies to grow dividends at least 10% annually. The host’s framing was simple: “Dividends are paid out from earnings. So companies that ... These 4 Dividend Grower...
Morningstar’s Investing Insights podcast recently spotlighted four S&P 500 stocks that have already declared dividend increases of 10% or more, effectively locking in their place on next year’s Dividend Growers screen, which requires companies to grow dividends at least 10% annually. The host’s framing was simple: “Dividends are paid out from earnings. So companies that ... These 4 Dividend Growers Have Already Declared 10% Dividend Increases
Earnings Call Insights: IDEXX Laboratories (IDXX) Q1 2026 Management view "IDEXX delivered an exceptional start to 2026 with first quarter results reflecting disciplined commercial execution, continued benefits from innovation and expanded diagnostics utilization across a global customer base" (President, CEO & Director Jay Mazelsky). "This will be my final earnings call as CEO before I transition...
Earnings Call Insights: IDEXX Laboratories (IDXX) Q1 2026 Management view "IDEXX delivered an exceptional start to 2026 with first quarter results reflecting disciplined commercial execution, continued benefits from innovation and expanded diagnostics utilization across a global customer base" (President, CEO & Director Jay Mazelsky). "This will be my final earnings call as CEO before I transition to the Executive Chair role following our annual meeting next week" (President, CEO & Director Mazelsky), while the company also introduced Mike Erickson as "incoming Chief Executive Officer" (Operator). "Revenue increased 14% as reported and 11% organically" and "earnings per share of $3.47 in the quarter" (Executive VP, CFO & Treasurer Andrew Emerson). "Strong premium instrument placements in the quarter resulted in 28% organic growth of CAG instrument revenues and included 1,100 IDEXX inVue Dx analyzers" (Executive VP, CFO & Treasurer Emerson). "IDEXX VetLab consumable revenues increased 15% on an organic basis" and "IDEXX Global Reference Lab revenues increased 10% organically" (Executive VP, CFO & Treasurer Emerson). "A major milestone this quarter was the international launch of Cancer Dx for canine lymphoma in Europe and Australia" and "nearly 70% of Cancer Dx tests were run as part of a panel" in Q1 North America (President, CEO & Director Mazelsky). "We launched our newest digital radiography system in January, the ImageVue DR50 Plus" and Q1 diagnostic imaging set "a record with approximately 330 installations" (Executive VP, CFO & Treasurer Emerson). "We will continue to focus on Diagnostics and Software" and "another priority for us is AI" (Executive VP and GM of Point of Care Diagnostics & Telemedicine Michael Erickson). Outlook "Increase our full year revenue range to between $4.675 billion to $4.760 billion" and "updating our full year EPS outlook to $14.45 to $14.90 per share" (Executive VP, CFO & Treasurer Emerson). "Our updated full year overall organic re...
imaginima/E+ via Getty Images The U.S. economy is far better positioned to weather the ongoing energy ( USO ) ( BNO ) ( UNG ) crisis than it was during the 2007-08 oil surge, according to Carlyle Analysis. The firm pointed to “fundamental” reasons why stocks ( SPY ) ( DIA ) ( QQQ ) have held up despite the continued closure of the Strait of Hormuz. Since 2006-07, U.S. nominal income has doubled an...
imaginima/E+ via Getty Images The U.S. economy is far better positioned to weather the ongoing energy ( USO ) ( BNO ) ( UNG ) crisis than it was during the 2007-08 oil surge, according to Carlyle Analysis. The firm pointed to “fundamental” reasons why stocks ( SPY ) ( DIA ) ( QQQ ) have held up despite the continued closure of the Strait of Hormuz. Since 2006-07, U.S. nominal income has doubled and real gross domestic product is roughly 50% larger, while oil consumption has remained flat. This means each dollar of economic output is now significantly less energy-intensive. Meanwhile, the bigger shift, Carlyle noted, is the U.S.'s transformation from energy importer to exporter. The U.S. net energy trade balance has swung from deficit to surplus, reducing the drag that higher crude prices once created. Additionally, elevated oil prices now stimulate domestic capital expenditure, partially offsetting consumer pain. "When you add in the dramatic reversal in the net energy trade balance from deficit to surplus ('The risk is time') and the capex stimulated by higher energy prices, the first $20 of the increase in oil prices since the start of the conflict probably added to US GDP on net," Carlyle said. Stocks also have an earnings tailwind as Big Tech ( VGT ) ( MAGS ) firms post massive quarterly beats, helping drive equity indices to new all-time highs. Carlyle Analysis More on United States Oil Fund LP ETF, United States Brent Oil Fund LP ETF, etc. Stocks Soar As Profits Roar Project Freedom: Why This Won't End Well Project Freedom Or Not, The S&P 500 Is Pricing Earnings, Not Panic ETF inflows surge: U.S. funds pull in $174B in April as equity demand accelerates Weekly ETFs: Eight of 11 sectors record outflows; financial sector leads inflows
Getty Images Originally published on May 4, 2026 In my last note, we walked through Jerome Powell's recent FOMC press conference. The departing Fed Chair was again silent on the balance sheet expansion (for a third consecutive press conference). Meanwhile, they've added $170 billion worth of Treasuries since December. And remember, Powell said in December the expansion would continue "indefinitely...
Getty Images Originally published on May 4, 2026 In my last note, we walked through Jerome Powell's recent FOMC press conference. The departing Fed Chair was again silent on the balance sheet expansion (for a third consecutive press conference). Meanwhile, they've added $170 billion worth of Treasuries since December. And remember, Powell said in December the expansion would continue "indefinitely." Conversely, Kevin Warsh, the incoming Chair, has said publicly the balance sheet needs to shrink. So, the path of the Warsh-led Fed has been telegraphed. And it's eleven days away. As we've said often in the post-GFC era of Fed asset purchases (balance sheet expansion) - the resulting liquidity injection tends to make stocks go up. With that, will stopping and reversing on the balance sheet prick the exuberance of the stock market? To front-run this debate, Stephen Miran (Trump's appointed Fed Governor) delivered a speech in late March at the Economic Club of Miami. He told us how they are positioning this balance sheet regime change. In this speech (see it here ), Miran reframes the entire "reserve scarcity" problem, tying it to bank regulation. He notes that the "ample reserves" framework Powell uses to justify indefinite balance sheet expansion is not a natural feature of the system. It's a function of Dodd-Frank and Basel. Specifically, the liquidity coverage ratio requirements force banks to hold large reserve balances. The internal liquidity stress test standards do the same. Banks are not holding $3 trillion in reserves because they want to. They are holding it because the regulators require it. So, the demand for reserves is dictated by regulation, and that's the lever the Trump administration intends to pull. The first item on Miran's list of paths forward is to ease the liquidity coverage ratio and the internal liquidity stress test standards. Lower the regulatory demand for reserves. Then the balance sheet can come down without creating the scarcity that would...
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email The Exchange Watch CNBC's full interview with Citadel CEO Ken Griffin Ken Griffin, Citadel CEO, joins 'The Exchange' to discuss the risks around the Iran war, if the market action makes sense and much more. 15:58 Tue, May 5 2026 2:09 PM EDT
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email The Exchange Watch CNBC's full interview with Citadel CEO Ken Griffin Ken Griffin, Citadel CEO, joins 'The Exchange' to discuss the risks around the Iran war, if the market action makes sense and much more. 15:58 Tue, May 5 2026 2:09 PM EDT
May rescheduling could be followed by summer cancellations as Middle East war continues to disrupt supplies Two million airline seats have been cut from this month’s schedules as airlines redraw their operations because of soaring jet fuel prices amid the Middle East conflict. About 13,000 fewer flights will operate in May around the world after cancellations in recent weeks, according to data fro...
May rescheduling could be followed by summer cancellations as Middle East war continues to disrupt supplies Two million airline seats have been cut from this month’s schedules as airlines redraw their operations because of soaring jet fuel prices amid the Middle East conflict. About 13,000 fewer flights will operate in May around the world after cancellations in recent weeks, according to data from the aviation analytics company Cirium. Continue reading...