Wrexham's Sam Smith races past the Chelsea defence to put his side in the lead against Chelsea in the FA Cup fifth round. READ MORE: Wrexham v Chelsea Available to UK users only.
Wrexham's Sam Smith races past the Chelsea defence to put his side in the lead against Chelsea in the FA Cup fifth round. READ MORE: Wrexham v Chelsea Available to UK users only.
President Donald Trump has introduced a remarkable level of uncertainty into the global economy and financial markets. The clearest example of this involves his "Liberation Day" tariffs, through which he imposed import taxes of 10% to 50% or more on goods from nearly all of America's trading partners for close to a year. Those tariffs were ruled illegal by the Supreme Court last month. But over th...
President Donald Trump has introduced a remarkable level of uncertainty into the global economy and financial markets. The clearest example of this involves his "Liberation Day" tariffs, through which he imposed import taxes of 10% to 50% or more on goods from nearly all of America's trading partners for close to a year. Those tariffs were ruled illegal by the Supreme Court last month. But over the next few months, Trump is expected to continue trying to pursue his tariff policy through other means -- a situation that makes it difficult for companies to plan for the future. However, as worrisome as the tariff tug of war might be, it isn't even the scariest risk factor facing the market in 2026. Here are two other reasons the market could soon experience a significant correction under Trump. 1. AI data center spending looks unsustainable Despite the macroeconomic uncertainty, 2025 was a surprisingly good year for stocks and, arguably, the U.S. economy as a whole. Gross domestic product (GDP) grew by a solid 2.2% while the S&P 500 rose by roughly 18%, which is significantly above its historical annualized average of around 10%. That said, that growth wasn't necessarily the result of broad-based gains shared by a majority of companies. The New York Times reports that the heavily AI-exposed Magnificent Seven stocks accounted for half of the index's rise over the past three years -- with chipmaker Nvidia alone responsible for a whopping 15% of the S&P 500's total return in 2025. This trend means the stock market is overexposed to the performance of one industry, and that industry's long-term success is far from guaranteed. Despite the hype, generative AI remains speculative and unproven. This is demonstrated by the eye-watering losses of industry leaders like OpenAI, which is expected to burn through $14 billion this year. While pick-and-shovel providers continue to make record profits by selling chips and data center equipment, consumer-facing AI companies are strugglin...
Key Points The S&P 500 looks pricey based on a key valuation metric. The generative AI trend is helping prop up share prices, but high levels of data center infrastructure spending may be unsustainable over the long term. The value of the U.S. dollar dropped significantly last year. These 10 stocks could mint the next wave of millionaires › President Donald Trump has introduced a remarkable level ...
Key Points The S&P 500 looks pricey based on a key valuation metric. The generative AI trend is helping prop up share prices, but high levels of data center infrastructure spending may be unsustainable over the long term. The value of the U.S. dollar dropped significantly last year. These 10 stocks could mint the next wave of millionaires › President Donald Trump has introduced a remarkable level of uncertainty into the global economy and financial markets. The clearest example of this involves his "Liberation Day" tariffs, through which he imposed import taxes of 10% to 50% or more on goods from nearly all of America's trading partners for close to a year. Those tariffs were ruled illegal by the Supreme Court last month. But over the next few months, Trump is expected to continue trying to pursue his tariff policy through other means -- a situation that makes it difficult for companies to plan for the future. 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 » However, as worrisome as the tariff tug of war might be, it isn't even the scariest risk factor facing the market in 2026. Here are two other reasons the market could soon experience a significant correction under Trump. 1. AI data center spending looks unsustainable Despite the macroeconomic uncertainty, 2025 was a surprisingly good year for stocks and, arguably, the U.S. economy as a whole. Gross domestic product (GDP) grew by a solid 2.2% while the S&P 500 rose by roughly 18%, which is significantly above its historical annualized average of around 10%. That said, that growth wasn't necessarily the result of broad-based gains shared by a majority of companies. The New York Times reports that the heavily AI-exposed Magnificent Seven stocks accounted for half of the index's rise over the past three years -- with chipmaker Nvidia alone responsi...
Andrii Yalanskyi AtaiBeckley ( ATAI ) is in talks with advisors to explore strategic options for BPL-003, its lead psychedelic drug candidate, seeking at least $2B in a potential deal, Bloomberg reported on Saturday, citing people familiar with the matter. The company, formed in November as a merger between atai Life Sciences and Beckley Psytech, is weighing a partnership or an outright sale of BP...
Andrii Yalanskyi AtaiBeckley ( ATAI ) is in talks with advisors to explore strategic options for BPL-003, its lead psychedelic drug candidate, seeking at least $2B in a potential deal, Bloomberg reported on Saturday, citing people familiar with the matter. The company, formed in November as a merger between atai Life Sciences and Beckley Psytech, is weighing a partnership or an outright sale of BPL-003, which is on track to enter Phase 3 development in Q2, targeting depression, the people said. The company has selected Jefferies ( JEF ) and JPMorgan Chase ( JPM ) to lead discussions with other pharmaceutical firms as it seeks $2B or more for the drug, designed as an intranasal formulation of the psychedelic compound mebufotenin. ATAI is also weighing the possibility of signing a co-commercialization agreement under which it will share costs for late-stage development and marketing of the drug while splitting revenues and profits. A royalty deal is also on the radar, some of the people said, adding that the New York-area biopharma, whose backers include billionaire Peter Thiel, is looking to complete the discussions in Q2. The plans are still ongoing, and the company has not yet made a final decision, the people said, requesting anonymity as the information is not yet public. More on AtaiBeckley AtaiBeckley Inc. (ATAI) Analyst/Investor Day Transcript AtaiBeckley Inc. (ATAI) Discusses Positive Topline Results From Exploratory Phase IIa Study of EMP-01 in Social Anxiety Disorder - Slideshow AtaiBeckley Inc. (ATAI) Discusses Positive Topline Results From Exploratory Phase IIa Study of EMP-01 in Social Anxiety Disorder Transcript Psychedelics stocks could benefit from marijuana rescheduling: Jefferies Seeking Alpha’s Quant Rating on AtaiBeckley
Companies Report Raging Inflation, Except In Wages & Rents Authored by Wolf Richter via Wolf Street , Manufacturers reported that the costs of health insurance for employees shot up by 14.2% on average; service firms reported an average increase of 12.9% , according to a report by the New York Fed based on a survey of companies in the New York-Northern New Jersey region. These are averages, but “s...
Companies Report Raging Inflation, Except In Wages & Rents Authored by Wolf Richter via Wolf Street , Manufacturers reported that the costs of health insurance for employees shot up by 14.2% on average; service firms reported an average increase of 12.9% , according to a report by the New York Fed based on a survey of companies in the New York-Northern New Jersey region. These are averages, but “some firms reported increases of between 25% and 50% when they renewed their coverage,” the report said. Manufacturers and service firms both reported that the costs of utilities jumped by about 8.5% on average. About one-fifth of the companies reported increases of 20% or more. “Indeed, sharply rising utilities costs in some areas have been tied to the explosive growth of AI-related data centers ,” the report said. For service firms, the third worst cost increases were in business insurance, which jumped by 6.8%. This includes liability, property, auto, and workers’ compensation insurance. For manufacturers, business insurance increases were the fourth-worst, with an average increase of 7.4%. Nearly one in ten of these companies reported massive spikes of 20% or more in business insurance costs. For manufacturers, the third-worst increases were goods and material inputs, which jumped by 8.0%. They reported substantial increases in the costs of tariffed inputs, such as aluminum, steel, equipment, electrical supplies, auto parts, coffee, and cocoa, etc. For service firms, cost increases of goods and material inputs averaged 5.5%. “ A greater exposure to tariffs may be part of the reason manufacturing firms faced a sharper increase in goods and materials costs ” than service firms, the report said. These are very serious cost increases. The Producer Price Index (PPI), which track prices paid by companies, has also shown sharply accelerating cost increases across a wide range of industries, with big price increases for both services (which dominate the PPI) and goods. The price...
Key Points Micron's memory chip capacity is sold out, and that's caused chip prices to skyrocket. If the AI buildout causes a continued supply constraint, the stock could soar further. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) has been one of the best artificial intelligence (AI) stocks to own over the past few months. If you bought shares six months ago, you...
Key Points Micron's memory chip capacity is sold out, and that's caused chip prices to skyrocket. If the AI buildout causes a continued supply constraint, the stock could soar further. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) has been one of the best artificial intelligence (AI) stocks to own over the past few months. If you bought shares six months ago, your position is already up about 250%. That's a monster return in a short time frame, although some contend the stock is still cheap. Is this the case? Or is there something else going on with Micron's stock? 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 » Micron's stock looks cheap, but there's a catch If you value Micron's stock on a forward earnings basis, the stock looks incredibly cheap. The stock rallied from nearly 3 times forward earnings all the way up to 12. However, with the S&P 500 trading for about 21.9 times forward earnings, this price tag still looks cheap. So, what's the catch? It all has to do with the industry that Micron is involved in. Micron makes memory chips, which don't have much differentiating technology. That means that memory chips are fairly commoditized, and there's not a lot of difference between the products Micron offers versus its competitors. Memory demand goes in cycles, and currently, we're ramping up. AI demand has consumed nearly all memory chip capacity for the foreseeable future, which has caused memory prices to skyrocket. Micron's input costs are relatively stable, so when the price of the commodity soars due to a fixed cost, Micron's profits will also skyrocket. This makes the stock look cheap, at least for the time being. Once Micron and its peers have expanded their production capacity enough to meet demand, prices for memory chips will drop, and so will Micron...
Key Points A mid-year improvement in transactions didn't hold through year end. That weakness is squeezing margins at a restaurant built for high throughput. The strategy for winning back customers relies on the Chipotle brand, not price cuts. 10 stocks we like better than Chipotle Mexican Grill › Chipotle Mexican Grill (NYSE: CMG) had been one of the restaurant industry's steadier stocks. For two...
Key Points A mid-year improvement in transactions didn't hold through year end. That weakness is squeezing margins at a restaurant built for high throughput. The strategy for winning back customers relies on the Chipotle brand, not price cuts. 10 stocks we like better than Chipotle Mexican Grill › Chipotle Mexican Grill (NYSE: CMG) had been one of the restaurant industry's steadier stocks. For two straight years, transactions grew around 5% annually. Then last year, traffic turned negative in all four quarters. Entering 2026, the restaurant landscape had shifted. Fast-casual and fast-food prices had climbed so much that some diners needed a rest. Casual dining chains like Chili's picked up traffic, while Wingstop and Chipotle lost it. A brand built on affordable food and quality ingredients is not supposed to be on that list. 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 » Management has been fairly specific about who is pulling back. Households earning under $100,000 a year make up about 40% of Chipotle's sales. Younger diners in the 25 to 35 range are visiting less, too. Lunch and snack visits took the biggest hit last year. The company says these customers aren't leaving for competitors. They're eating out less often and shifting more spending to groceries and food at home. Maybe. But not every investor is going to buy the idea that they are suddenly home, cooking for themselves. Fewer orders, same overhead Transactions fell 4.9% in the second quarter, improved to a 0.8% decline in Q3, then slipped to negative 3.2% in Q4. That's not a recovery. It's a bounce that faded. For the full year, same-store sales fell 1.7%. Check growth alone won't cover the fixed costs. The efficiency that makes this model best in class on margins is the same reason there's not much flexibility when volume drops. When...
JHVEPhoto What are the best defense sector stocks right now given the proliferation of armed conflict in the Middle East? Seeking Alpha analysts Dhierin Bechai and Dividend and Value Investor offer their picks. Dhierin Bechai : Given the situation in the Middle East with Iran striking countries in the region with missiles and drones, the companies with tangible incremental upside would be position...
JHVEPhoto What are the best defense sector stocks right now given the proliferation of armed conflict in the Middle East? Seeking Alpha analysts Dhierin Bechai and Dividend and Value Investor offer their picks. Dhierin Bechai : Given the situation in the Middle East with Iran striking countries in the region with missiles and drones, the companies with tangible incremental upside would be positioned in missile defense and counter-drone opportunities. In the counter-drone area, there are opportunities for companies such as AeroVironment ( AVAV ), Electro Optic Systems ( EOPSF ), and DroneShield ( DRSHF ). Missile defense demand would open up opportunities for Lockheed Martin ( LMT ), RTX ( RTX ), and L3Harris Technologies ( LHX ). For the missile defense companies, opportunities would be incremental. However, for counter-drone companies, orders from the Middle East would be more transformative. Similarly, for a small player like Park Aerospace ( PKE ), which provides advanced composite and ablative materials for Patriot missiles, an incremental increase in demand for missile defense solutions could drive substantial sales and earnings upside. It should be noted that for many companies, near-term sales growth prospects from incremental upside to demand are limited. Dividend and Value Investor : Generally speaking, I am not a big fan of procyclical behavior, i.e., buying what is currently in demand. In my view, an escalating conflict does not immediately change the earnings prospects of defense companies. However, from a long-term perspective, I am optimistic about several companies in the defense sector due to ongoing and growing geopolitical tensions and the tendency of certain societies to use conflicts abroad to distract from domestic issues. I particularly like RTX ( RTX ), which once again posted very solid figures a few weeks ago, mainly due to its strong foothold in many mission-critical areas of defense, but also due to its strong portfolio in commercial aviat...
Nvidia (NVDA 2.94%) is largely viewed by investors as a graphics processing unit (GPU) stock. That is, the company primarily manufactures, markets, and sells GPUs: specialized electronic circuits that make everything from modern gaming to image rendering possible. And while GPUs are critical components for a wide variety of industries, only one industry really matters for Nvidia and its investors ...
Nvidia (NVDA 2.94%) is largely viewed by investors as a graphics processing unit (GPU) stock. That is, the company primarily manufactures, markets, and sells GPUs: specialized electronic circuits that make everything from modern gaming to image rendering possible. And while GPUs are critical components for a wide variety of industries, only one industry really matters for Nvidia and its investors right now: artificial intelligence (AI). Of course, Nvidia has been perhaps the most popular AI stock globally over the last few years. But as the number discussed below proves, this is no longer just a growth opportunity for the company. Nvidia's future will nearly completely rely on what happens to its AI infrastructure business. AI is now the only thing that matters for Nvidia investors Right now, the world is experiencing an unprecedented growth in data center construction. Data centers, at least for now, use a lot of energy. That's why we're also seeing sizable interest in new energy technologies like small modular nuclear reactors. But what data centers need just as much as energy are GPUs. Nvidia's GPUs are largely considered the best on the market. That's why data center and cloud infrastructure operators are scrambling to buy as many Nvidia chips as possible. Historically, Nvidia's GPU revenue has come from a variety of sources. But last quarter, $62.3 billion of its $68.1 billion in total revenue came from data center customers. And while these data centers also serve a variety of end markets, there's no doubt among experts as to what is causing their rapid expansion: AI. "As technology companies race to develop cutting-edge artificial intelligence (AI) models, data centers have become some of the most important infrastructure in the world," concludes a recent Goldman Sachs report. "Over the next five to six years, we forecast substantial demand growth in the global data center market." Expand NASDAQ : NVDA Nvidia Today's Change ( -2.94 %) $ -5.39 Current Price $ ...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. NVIDIA (NasdaqGS:NVDA) has committed US$4b to Lumentum and Coherent to advance optics and silicon photonics for next generation AI data centers. The company is prioritizing AI infrastructure capabilities aimed at addressing networking and data bottlenecks in l...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. NVIDIA (NasdaqGS:NVDA) has committed US$4b to Lumentum and Coherent to advance optics and silicon photonics for next generation AI data centers. The company is prioritizing AI infrastructure capabilities aimed at addressing networking and data bottlenecks in large scale AI training and inference. NVIDIA is also pulling back from large equity stakes in major AI startups, with its recent multibillion dollar positions in OpenAI and Anthropic likely to be its last as those firms move toward IPOs. NVIDIA, best known for its GPUs that power many AI workloads, is now putting more attention on the connective tissue of AI computing, such as optics and high speed networking. The US$4b commitment to Lumentum and Coherent points to a view that data movement inside and between data centers is as critical as raw compute for AI at scale. For investors watching AI infrastructure, this move sits alongside broader efforts across the sector to handle rising model sizes and traffic volumes. At the same time, NVIDIA appears to be redefining how it participates in the AI ecosystem by focusing less on large equity positions in headline AI startups and more on core platforms and components. For investors, this combination of optics investment and reduced startup exposure may be worth tracking, as it may influence how NVIDIA positions itself across hardware, networking, and the broader AI supply chain over the coming years. Stay updated on the most important news stories for NVIDIA by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on NVIDIA. NasdaqGS:NVDA Earnings & Revenue Growth as at Mar 2026 We've flagged 2 risks for NVIDIA. See which could impact your investment. NVIDIA’s US$4b commitment to Lumentum and Coherent is about securing key optical components for what it calls AI factories, not...
Lemonade (LMND +0.22%), the online insurer that uses AI chatbots to onboard customers and process claims, went public at $29 per share in July 2020. Today, its stock trades at about $55 -- yet it's still below Wall Street's median price target of $65. Should you buy Lemonade's stock before it hits that price? Let's review its business model and growth rates to make a decision. How fast is Lemonade...
Lemonade (LMND +0.22%), the online insurer that uses AI chatbots to onboard customers and process claims, went public at $29 per share in July 2020. Today, its stock trades at about $55 -- yet it's still below Wall Street's median price target of $65. Should you buy Lemonade's stock before it hits that price? Let's review its business model and growth rates to make a decision. How fast is Lemonade growing? Lemonade's digital-first approach attracted many younger and first-time insurance buyers who were intimidated by the byzantine process of buying insurance. It initially offered only homeowners and renters insurance, but expanded into the term life, pet health, and auto insurance (via its acquisition of Metromile) markets after its public debut. Expand NYSE : LMND Lemonade Today's Change ( 0.22 %) $ 0.12 Current Price $ 55.16 Key Data Points Market Cap $4.2B Day's Range $ 52.81 - $ 56.80 52wk Range $ 24.31 - $ 99.90 Volume 76K Avg Vol 2.7M At the end of 2025, Lemonade served 2.98 million customers, up from 1.00 million at the end of 2020. Over the past five years, it consistently grew its in-force premium (IFP) and gross-earned premium (GEP) at high double-digit rates while reducing its gross loss ratio. That stable expansion boosted its gross margins, but it's still unprofitable. Metric 2020 2021 2022 2023 2024 2025 Customer Growth (YOY) 56% 43% 27% 12% 20% 23% IFP Growth (YOY) 87% 78% 64% 20% 26% 31% GEP Growth (YOY) 110% 84% 68% 37% 23% 28% Gross Loss Ratio (TTM) 71% 90% 90% 85% 73% 64% Adjusted Gross Margin 33% 36% 25% 23% 33% 41% However, Lemonade expects its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive (for at least a quarter) this year as its AI platform trims its expenses and economies of scale kick in. It also expects its IFP to increase from $1.24 billion in 2025 to about $10 billion in the "coming years". From 2025 to 2027, analysts expect Lemonade's revenue to grow at a 41% CAGR, with adjusted EBITDA...
Donald Trump changed the channel from Iran to the western hemisphere on Saturday, convening a gathering of Latin American leaders at his Miami-area golf club to discuss regional interests and establishing what he called a “counter-cartel coalition”. “Just as we formed a coalition to eradicate Isis, we now need a coalition to eradicate the cartels,” he told 12 regional leaders gathered at what the ...
Donald Trump changed the channel from Iran to the western hemisphere on Saturday, convening a gathering of Latin American leaders at his Miami-area golf club to discuss regional interests and establishing what he called a “counter-cartel coalition”. “Just as we formed a coalition to eradicate Isis, we now need a coalition to eradicate the cartels,” he told 12 regional leaders gathered at what the White House called the “Shield of the Americas” summit. “We must recognize that the epicenter of cartel violence is Mexico,” where “the cartels are fueling and orchestrating much of the bloodshed and chaos in this hemisphere.” Trump gathered the summit of leaders from Argentina, Bolivia, Chile, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guyana, Honduras, Panama, Paraguay, and Trinidad and Tobago, just two months after a US military operation to capture Venezuela’s then president Nicolás Maduro, who is awaiting trial on drugs and weapons conspiracy charges in the US. Also among those in attendance was the outgoing homeland security secretary, Kristi Noem, who had been selected as a special envoy to the regional coalition, which Trump announced alongside news of her ouster on Thursday. Less that two weeks ago, US law enforcement provided intelligence assistance in a raid in Jalisco, Mexico, to capture Nemesio Oseguera Cervantes, known as “El Mencho”, the leader of the Jalisco New Generation cartel (CJNG) and one of the world’s most wanted drug traffickers. El Mencho was wounded in the shootout and died while being transported to Mexico City. Trump complimented Mexico’s president, Claudia Sheinbaum, who was not present at the meeting, but still maintained that the cartels “are getting worse and taking over the country. The cartels are running Mexico. We can’t have that. Too close to us, too close to you.” He also complimented Delcy Rodríguez, Venezuela’s interim president, who has offered “to collaborate” with the Trump administration. “She’s doing a great job w...
As the earnings season winds down, investors are turning their attention to updated quant ratings following the latest round of corporate results. The scores provide a snapshot of how companies rank across key factors such as valuation, growth, profitability, momentum, and revisions after reporting their quarterly performance. Below is a snapshot of small-cap utility companies with market capitali...
As the earnings season winds down, investors are turning their attention to updated quant ratings following the latest round of corporate results. The scores provide a snapshot of how companies rank across key factors such as valuation, growth, profitability, momentum, and revisions after reporting their quarterly performance. Below is a snapshot of small-cap utility companies with market capitalizations between $300M and $2B, highlighting those with the highest and lowest quant ratings after the earnings season, underscoring the stocks that strengthened their fundamentals as well as those that lagged behind. Among the highest SA quant-rated companies, all having a Hold rating are:: Suburban Propane Partners ( SPH ), Quant Rating: 3.40. XPLR Infrastructure ( XIFR ), Quant Rating: 3.37. Unitil Corp ( UTL ), Quant Rating: 3.34. Cadiz ( CDZI ), Quant Rating: 2.95. Consolidated Water Co ( CWCO ), Quant Rating: 2.93. Among the lowest SA quant-rated companies, all having a Sell rating are:: ReNew Energy Global ( RNW ), Quant Rating: 1.56. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima ( EDN ), Quant Rating: 1.89. Genie Energy ( GNE ), Quant Rating: 2.21. Middlesex Water Company ( MSEX ), Quant Rating: 2.23. The York Water Company ( YORW ), Quant Rating: 2.48. More on Consolidated Water, Cadiz, etc. Suburban Propane: Questionable Model That Relies On Debt And The Weather Yet Brings About No Results ReNew Energy Global: Volatile, Leveraged, And Worth The Risk ReNew Energy Global Plc (RNW) Q3 2026 Earnings Call Transcript Middlesex Water Q4 2025 Earnings Preview Most and least shorted utilities stocks with up to $2B market cap as of mid-Feb