Jonathan Kitchen/DigitalVision via Getty Images The Global X S&P 500 Covered Call ETF ( XYLD ) is a passively managed exchange-traded fund designed to provide investors with exposure to the S&P 500 ( SPX ) while enhancing income through the use of a covered call strategy, often referred to as a buy-write investment strategy. The strategy provides direct exposure to the constituents that make up th...
Jonathan Kitchen/DigitalVision via Getty Images The Global X S&P 500 Covered Call ETF ( XYLD ) is a passively managed exchange-traded fund designed to provide investors with exposure to the S&P 500 ( SPX ) while enhancing income through the use of a covered call strategy, often referred to as a buy-write investment strategy. The strategy provides direct exposure to the constituents that make up the S&P 500 while overlaying a covered call strategy using SPX index call options. With my expectation of relatively flat performance by the S&P 500 Index for 2026, I believe XYLD can provide investors with an appealing investment opportunity to gain exposure to the S&P 500 constituents while earning income on their investment. Investment Rationale Taking into consideration the current market environment, I believe the equity market is undergoing a major shift by investors, turning away from mega-cap technology stocks in favor of value-oriented investments. Though I maintain a bullish long-term outlook on the mega-cap technology stocks, I believe investor sentiment will play a major role in 2026 as the investment cycle intensifies to build out data center capacity in order to deliver on their intended growth targets. Collectively, I’m expecting the hyperscalers to invest $666b in building out data center capacity for 2026, driving investor hesitation as to whether the investments will pay off, particularly when considering the accelerated depreciation schedule of GPUs. From an investment perspective, I believe investors are focusing on the wrong details relating to hyperscaler performance. With much of the attention focusing on AI development, the major cloud services providers like Microsoft Corporation( MSFT ), Alphabet Inc. ( GOOG ), and Amazon.com, Inc. ( AMZN ) largely generate revenue through cloud hosting services with some emphasis on AI development and not the other way around. With this in mind, I believe the investment outlays presented in the hyperscalers’ calenda...
Frazao Studio Latino/E+ via Getty Images Introduction: A Time Of Change For Argentina And Telecom Argentina It's been around five years since I last covered Telecom Argentina ( TEO ). At the time, the outlook for Argentina and its incumbent telco, the company that's the topic here, looked bleak, to put it mildly. The Covid pandemic was in full effect, the annual inflation reached sky-high triple-d...
Frazao Studio Latino/E+ via Getty Images Introduction: A Time Of Change For Argentina And Telecom Argentina It's been around five years since I last covered Telecom Argentina ( TEO ). At the time, the outlook for Argentina and its incumbent telco, the company that's the topic here, looked bleak, to put it mildly. The Covid pandemic was in full effect, the annual inflation reached sky-high triple-digit percentages, and Telecom Argentina was not allowed to compensate for inflation with price increases . The policy to restrict telecom price hikes was set because rising subscription prices during Covid would risk cutting off Argentinians from essential communications services. This was not acceptable at a time when people were constrained in their movements or forced to work from home. While understandable from a societal perspective, it resulted in annual double-digit declines in revenue in real terms for Telecom Argentina. Moving on to today, things have changed for the better very quickly. Milei has now been in office since late 2023, and his shock therapy to bring the triple-digit annual inflation in the country under control is taking effect. Many have seen the images of Milei holding a chainsaw to bring across the plan to drastically cut government spending. The new policies seem to work, and inflation has been rapidly decreasing. 2025 has had the lowest inflation in 8 years (see below graph). Note, however, that even after this decrease, inflation is still ~30%, so there's still work to do for the government. Inflation in Argentina 2017 - 2025 (tradingeconomics.com) Aside from lower inflation, there's another effect of the new politics in the country, which is general renewed economic optimism with rising valuations of Argentinian companies. The doubling of the price of the Global X MSCI Argentina ETF ( ARGT ) over the last three years illustrates this (see below image). Data by YCharts Aside from country-wide changes, there are also two major changes for Telecom...
Key Points Vertiv is a leader in data center cooling infrastructure with rapidly growing sales and earnings. Institutions like BlackRock, State Street, and JPMorgan Chase have been loading up on shares since Q3 2025. Despite its incredible run over the last year, valuation metrics point to Vertiv potentially being a bargain even at these prices. 10 stocks we like better than Vertiv › One of the mo...
Key Points Vertiv is a leader in data center cooling infrastructure with rapidly growing sales and earnings. Institutions like BlackRock, State Street, and JPMorgan Chase have been loading up on shares since Q3 2025. Despite its incredible run over the last year, valuation metrics point to Vertiv potentially being a bargain even at these prices. 10 stocks we like better than Vertiv › One of the more overlooked infrastructure problems with data centers is cooling. Running advanced artificial intelligence (AI) programs, even on bleeding-edge hardware with loads of computing horsepower, generates a lot of heat. The small fan that's in your laptop or desktop doesn't cut it at that level. 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 » No, you need advanced cooling systems, beefy industrial air conditioners, and liquid cooling to run a modern data center. A data center is an incredibly expensive investment, and the last thing you want is all your top-notch chips cooking themselves with the heat they generate from running. Most of the headlines you'll see about AI-related infrastructure shortages have to do with chip hardware, like the current memory shortage, or the gluttonous appetite data centers have for electricity. Both of those are serious problems, but cooling, which is just as serious an infrastructure concern, doesn't get anywhere near as much attention. Well, not from the media at least. Wall Street is paying close attention, and institutional investors have been pouring money into Vertiv (NYSE: VRT) to profit from the cooling needs of the tech industry and the data centers it's building all over the place. The surge of investment has seen Vertiv shoot up 199% in the past 12 months. And, based on the latest moves of some of the biggest institutional investors out there, Wall Street seems to t...
Bloom Productions/DigitalVision via Getty Images The last several months have been a really good time for shareholders of Meridian Corporation ( MRBK ). Since I last reaffirmed the company as a "Buy" candidate back in December of last year, the stock has jumped 14.3%. That easily outperforms the 0.3% rise that the S&P 500 saw. And since I upgraded it from a "Hold" to a "Buy" in September of last y...
Bloom Productions/DigitalVision via Getty Images The last several months have been a really good time for shareholders of Meridian Corporation ( MRBK ). Since I last reaffirmed the company as a "Buy" candidate back in December of last year, the stock has jumped 14.3%. That easily outperforms the 0.3% rise that the S&P 500 saw. And since I upgraded it from a "Hold" to a "Buy" in September of last year, the stock has skyrocketed 27.1%. That stacks up nicely against the 5.9% rise that the market experienced. In many respects, the institution is a high-quality player. Management has achieved some pretty impressive results as of late. Asset quality is robust. But unfortunately, this stock is no longer as cheap as I would like it to be. In addition to this, the bank is seeing its credit quality worsen. And while some investors might accept that trade-off when other metrics are factored into play, I believe that the prudent choice is to downgrade the business to a "Hold. " A Change In Sentiment Since my previous article about Meridian Corporation, investors have only seen data covering one additional operating quarter. That happens to be the final quarter of the 2025 fiscal year . During that time, management reported deposits of $2.16 billion. That's up from the $2.01 billion the company reported a year earlier. The only thing that I really don't like about the institution is that a whopping 22% of total deposits are classified as brokered. This means they are high-cost deposits borrowed from other financial firms. But even with this significant exposure, Meridian Corporation is doing an exceptional job, as you will see shortly. One thing that certainly eases my concern here regarding brokered deposits is the fact that only 22% of its overall deposit base is classified as uninsured. This falls below the 30% maximum that I typically like to see and indicates that the risk profile for the business is far from absurd. Author - SEC EDGAR Data As deposits increase, the value o...
In his decades toiling as a health official in a coastal Chinese province, Alan Chen has rarely had to study a subject about which he knew so little. “Nd is Neodymium. It is needed for almost all modern EV motors. China dominates the refining of Nd oxide. Dy is Dysprosium. It is needed for magnets to operate at high temperatures and is also essential for EV motors.” This was the kind of content Ch...
In his decades toiling as a health official in a coastal Chinese province, Alan Chen has rarely had to study a subject about which he knew so little. “Nd is Neodymium. It is needed for almost all modern EV motors. China dominates the refining of Nd oxide. Dy is Dysprosium. It is needed for magnets to operate at high temperatures and is also essential for EV motors.” This was the kind of content Chen pored over in a training course he attended at the Central Party School, the Communist Party ’s top educational institution, in Beijing. Advertisement For six months, Chen joined hundreds of middle-aged officials from across China and various disciplines for studies to prepare promising mid-level cadres to take on bigger roles in China. In the past, much of the focus has been on political ideology, decision-making and international relations, but now the officials are being instructed on area that is more important than ever: supply chains and economic security. The school is one of the main ways Beijing grooms talent, enabling cadres to leave their jobs and study full time for a semester.
In the latest trading session, Valero Energy (VLO) closed at $133.75, marking a -0.38% move from the previous day. This change lagged the S&P 500's 0.13% gain on the day. Meanwhile, the Dow experienced a rise of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.52%. Heading into today, shares of the oil refiner had lost 10.39% over the past month, lagging the Oils-Energy sector's loss...
In the latest trading session, Valero Energy (VLO) closed at $133.75, marking a -0.38% move from the previous day. This change lagged the S&P 500's 0.13% gain on the day. Meanwhile, the Dow experienced a rise of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.52%. Heading into today, shares of the oil refiner had lost 10.39% over the past month, lagging the Oils-Energy sector's loss of 2.9% and the S&P 500's gain of 3.67% in that time. The investment community will be closely monitoring the performance of Valero Energy in its forthcoming earnings report. The company is scheduled to release its earnings on October 24, 2024. It is anticipated that the company will report an EPS of $2.65, marking a 64.62% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $33.88 billion, down 11.77% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.30 per share and revenue of $133.25 billion, indicating changes of -50.6% and -7.96%, respectively, compared to the previous year. Any recent changes to analyst estimates for Valero Energy should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.19% lower. Valero Energy present...
Hasbro (HAS) ended the recent trading session at $71.99, demonstrating a +1.05% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.4% for the day. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.6%. Shares of the toy maker have appreciated by 5.2% over the course of the past month, outp...
Hasbro (HAS) ended the recent trading session at $71.99, demonstrating a +1.05% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.4% for the day. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.6%. Shares of the toy maker have appreciated by 5.2% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 3% and the S&P 500's gain of 1.71%. The upcoming earnings release of Hasbro will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.30, reflecting a 20.73% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.31 billion, indicating a 13.03% decline compared to the corresponding quarter of the prior year. For the full year, the Zacks Consensus Estimates project earnings of $3.93 per share and a revenue of $4.17 billion, demonstrating changes of +56.57% and -16.69%, respectively, from the preceding year. Investors should also pay attention to any latest changes in analyst estimates for Hasbro. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. Right now, Hasbro possesses a...
Ministers will ask 100 people randomly selected from across Britain to feed into the government’s consultation on digital IDs as the government hopes to combat conspiracy theories about how it intends to use the technology. Darren Jones, the chief secretary to the prime minister, will announce the details of the consultation on Tuesday, amid scepticism from parts of the public and within the gover...
Ministers will ask 100 people randomly selected from across Britain to feed into the government’s consultation on digital IDs as the government hopes to combat conspiracy theories about how it intends to use the technology. Darren Jones, the chief secretary to the prime minister, will announce the details of the consultation on Tuesday, amid scepticism from parts of the public and within the government about the idea. As part of the consultation, ministers will announce a “citizens’ assembly” of people to feed in their views in an effort to hear the concerns of non-experts. Jones is also facing resistance from some of his own colleagues, with the education secretary, Bridget Phillipson, understood to have ruled out using the technology to help allocate special educational needs funding. Jones said: “Public trust in the state has been declining for years, whoever has been in power – and people too often feel shut out of decisions. “This consultation is going above and beyond to bring people in to all the big debates, and the knotty trade-offs too. We’re deliberately going out to seek the views of ordinary people from all walks of life and from right across the country – so it’s not just the loudest or most powerful voices who are being heard.” Keir Starmer, the prime minister, announced last year that the government would roll out a compulsory national digital ID, at first as a way of proving that employees have a right to work in the UK. The government has since dropped the idea of making it compulsory, saying workers would instead be able to show other forms of ID as proof of right to work, such as passport scans. On Tuesday, Jones will outline possible other uses for the scheme, designed mainly to make it easier to access public services. A government spokesperson said: “Digital ID will make everyday life easier for people, ensuring public services are more personal, joined-up, and effective.” Those uses will not involve the NHS, however, with the health secretary...
Taiwan is considering selling debt for the first time to finance overseas investments, according to officials familiar with the matter, as the self-ruled democracy intensifies efforts to resist the diplomatic isolation imposed by China. The arm of Taiwan’s foreign ministry responsible for international aid is preparing the issuance of sustainable development bonds likely denominated in Taiwan doll...
Taiwan is considering selling debt for the first time to finance overseas investments, according to officials familiar with the matter, as the self-ruled democracy intensifies efforts to resist the diplomatic isolation imposed by China. The arm of Taiwan’s foreign ministry responsible for international aid is preparing the issuance of sustainable development bonds likely denominated in Taiwan dollars, with an initial size equivalent to as much as $200 million, the officials said, asking not be identified discussing private deliberations. The financing raised by the International Cooperation and Development Fund would mainly go toward projects abroad, they said, potentially including those related to green energy infrastructure, renewable-powered computing centers for artificial intelligence and remote sensing systems monitoring climate change. A new source of funding for overseas ventures would give Taipei more financial muscle to counter Beijing’s efforts to isolate the island. China claims Taiwan as its territory — a view Taipei rejects. The ICDF’s first attempt at tapping debt markets follows efforts by Taiwan to leverage its economic strength to expand the island’s sway overseas, wielding its technological edge as both a weapon to deter adversaries and a tool to engage with others. After taking office in 2024, Foreign Minister Lin Chia-lung announced the establishment of a task force to promote economic diplomacy through cooperation between different ministries. The ICDF, which currently holds some NT$15 billion ($500 million) in assets, is now consulting with relevant authorities, including the Financial Supervisory Commission and the Taipei Exchange, to clear regulatory requirements, the officials said. The bond issuance requires regulatory approval because it would be the first time a non-profit private entity, sometimes used for government projects, has sought to borrow money from the public this way. In response to a request for comment, the fund’s spokespe...
Biotech startup Cortical Labs is working on two small data centers run by human brain cells, putting lab-grown neurons onto silicon in an experiment that could one day challenge chips from the likes of Nvidia Corp. The Australia-based startup unveiled its first biological data center in Melbourne and is building another in Singapore with partner DayOne Data Centers Ltd. , it said in a statement on...
Biotech startup Cortical Labs is working on two small data centers run by human brain cells, putting lab-grown neurons onto silicon in an experiment that could one day challenge chips from the likes of Nvidia Corp. The Australia-based startup unveiled its first biological data center in Melbourne and is building another in Singapore with partner DayOne Data Centers Ltd. , it said in a statement on Tuesday. Instead of racks of servers running on conventional processors, the facilities will house biological computers known as CL1 units, powered by human brain cells. While years or decades away from challenging mainstream technology, the project highlights scientists’ search for novel solutions to address problems arising from an artificial intelligence-induced need for increasing amounts of computing capacity. The swift buildout of AI data centers across the planet has led to environmental concerns over their power needs and water consumption as well as shortages in silicon. Read More: Can Living Human Brain Cells Power AI? (Video) The computing capacity of Cortical Labs’ systems is modest, but the company is making progress. One of its earlier achievements was to teach its brain cells to play the rudimentary computer game Pong . Last month, it said it had trained them to play the much more advanced title Doom . The neurons used by Cortical Labs, grown from stem cells, sit on a chip that sends and receives electrical signals to the cells and records how they respond. This allows the company’s software to interact with the cells and interpret their responses as computing output. Aside from the potential to tap into the brain’s ability to hold and process data, there’s an additional advantage to leveraging biology in this way: Neurons use very little energy. AI is driving a surge in electricity demand, forcing governments and technology companies to search for more efficient computing systems. Read More: AI Wants More Data. More Chips. More Power. More Everything Cortic...
Apple (AAPL 0.12%) has been known to have more expensive phones and computers than its rivals, and for years, that hasn't seemed to have hurt the stock. The company has built up a strong brand that consumers have been willing to pay a premium for. That strong brand is one of the reasons Apple has been a top Warren Buffett stock, and why its valuation is around $3.8 trillion right now, even though ...
Apple (AAPL 0.12%) has been known to have more expensive phones and computers than its rivals, and for years, that hasn't seemed to have hurt the stock. The company has built up a strong brand that consumers have been willing to pay a premium for. That strong brand is one of the reasons Apple has been a top Warren Buffett stock, and why its valuation is around $3.8 trillion right now, even though the business hasn't generated a whole lot of growth over the years. Recently, however, the company made a big announcement, which may open the doors to much more growth in the near future. It's launching a more budget-friendly laptop. Here's why this may be huge for the business and the tech stock. Apple announces the MacBook Neo Last week, Apple unveiled the MacBook Neo, which is the cheapest laptop the company has ever offered, starting at a price of $599. Up until now, the most affordable options were around the $1,000 mark. It doesn't take much effort to find laptops that are priced lower than that, and by introducing the Neo, this gives shoppers a much easier way to own an Apple laptop. The Mac device will run the typical macOS operating system and have up to 16 hours of battery life. This may not be its most advanced Mac, but it will certainly have the potential to lure away customers who may otherwise go elsewhere in search of affordable options. For the company, this opens up the possibility of getting more people into Apple's ecosystem and buying related products and services. Expand NASDAQ : AAPL Apple Today's Change ( -0.12 %) $ -0.32 Current Price $ 260.51 Key Data Points Market Cap $3.8T Day's Range $ 260.24 - $ 262.11 52wk Range $ 169.21 - $ 288.62 Volume 280K Avg Vol 48M Gross Margin 47.33 % Dividend Yield 0.40 % Why the payoff could be significant for Apple's stock Investors have long been willing to pay a premium for Apple's stock even though the company's growth rate hasn't always been that great, and even though its artificial intelligence strategy has be...
Earnings Call Insights: Creative Media & Community Trust Corporation (CMCT) Q4 2025 Management View David Thompson, Chief Executive Officer, stated the company "continues to execute on the strategic plan we have discussed on previous calls," with a focus on premier multifamily assets, strengthening the balance sheet, and improving liquidity. He reported significant progress, including completing f...
Earnings Call Insights: Creative Media & Community Trust Corporation (CMCT) Q4 2025 Management View David Thompson, Chief Executive Officer, stated the company "continues to execute on the strategic plan we have discussed on previous calls," with a focus on premier multifamily assets, strengthening the balance sheet, and improving liquidity. He reported significant progress, including completing financing on 9 assets since September 2024, fully retiring the recourse credit facility in April 2025, completing the sale of the lending division in January 2026, and redeeming approximately $153.3 million of preferred stock into common stock since September 2024. Thompson announced the company is redeeming approximately 2 million shares of Series A preferred stock, 7.8 million shares of Series A1 preferred stock, and 22,000 shares of Series D preferred stock with the redemption price paid in common stock. He said, "This redemption is expected to improve CMCT's annual funds from operations by approximately $16 million per year and returns the company's capital structure back to our long-term target, approximately 38% common equity, 7% preferred equity and 55% debt on a fair value basis adjusted for the redemption." Thompson indicated the company does not currently intend to initiate additional preferred stock redemptions at its election, but will continue to evaluate redemption requests from preferred stockholders. Brandon Hill, Chief Financial Officer, reported, "Our core FFO was negative $5.9 million. Our overall net operating income was $10.9 million compared to $7 million in the prior quarter. Within our Office segment, NOI increased by approximately $1.4 million from the third quarter, largely due to higher appraised value of one of our JVs." Stephen Altebrando, Vice President, stated, "Since we announced this plan, we have completed 9 refinancing fully retired our $169 million recourse credit facility and retired our lending warehouse facility upon sale of that busine...