Narong Rammanee/iStock via Getty Images Over the past two months, I have published a series of articles here on Seeking Alpha that all centered around the AI supercycle and supply chain. I wrote about multiple different kinds of bottlenecks in the supply chain, and every single one of those pieces was bullish on the demand trajectory. I still believe in that demand trajectory. Nothing in the suppl...
Narong Rammanee/iStock via Getty Images Over the past two months, I have published a series of articles here on Seeking Alpha that all centered around the AI supercycle and supply chain. I wrote about multiple different kinds of bottlenecks in the supply chain, and every single one of those pieces was bullish on the demand trajectory. I still believe in that demand trajectory. Nothing in the supply chain data has changed my mind, but something else has changed. The price you are being asked to pay for that demand story has gone completely haywire. The Nasdaq ( NDX ) is up roughly 27% from its March 30 lows, and the semiconductor ETF ( SOXX ) has gone up like 70% in the same time. Data by YCharts So, you can see that a huge chunk of this melt-up has been powered by semiconductor stocks, specifically the names I have been covering. And I bought most of these names at much lower levels, so I have been a direct beneficiary of this rally. But what I am seeing right now is that the market has priced in a perfect outcome for every single one of these companies linked to the AI supply chain while ignoring everything else. Now, I am not calling for the end of the AI bull run, but I believe that this rally right now is way overextended and due for a correction that will be big enough to drag the Nasdaq down about 12 to 15% from the highs. Right now everything is in such overbought territory that even the DOW and S&P 500 ( SPX ) are up 10% and 17% from April's lows, respectively. Data by YCharts If I had to pick one fundamental factor that I believe will result in the correction, it would be the hyperscaler's free cash flow going negative due to the Capex and the market not pricing any scenario where AI Capex growth decelerates. So, Big Tech has committed over $1.15 trillion in combined capex from 2025 to 2027. This year alone, the Big Five hyperscalers (Amazon, Microsoft, Google, Meta, and Oracle) are about to spend something like $600 to $660 billion combined. This spending ...
In this article TM F GM TM Follow your favorite stocks CREATE FREE ACCOUNT The exterior of a BYD Co. electric vehicle showroom, operated by Schiller Auto, in Budapest, Hungary, on Monday, May 27, 2024. Chinese EV giant BYD plans to set up its first European car plant in Hungary. Photographer: Akos Stiller/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images As President Donald Trump mee...
In this article TM F GM TM Follow your favorite stocks CREATE FREE ACCOUNT The exterior of a BYD Co. electric vehicle showroom, operated by Schiller Auto, in Budapest, Hungary, on Monday, May 27, 2024. Chinese EV giant BYD plans to set up its first European car plant in Hungary. Photographer: Akos Stiller/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images As President Donald Trump meets Chinese President Xi Jinping this week, lawmakers in both parties are warning the White House not to use the U.S. auto market as a bargaining chip in any deal with Beijing . The warning stems in part from Trump's January suggestion that he could welcome Chinese automakers if they built vehicles in the U.S. with American workers — remarks that were later walked back but still rattled auto-state lawmakers, unions and industry groups. Trump in January in an appearance at the Detroit Economic Club said he would happily welcome Chinese automakers to manufacture in the U.S. The White House did not immediately respond to a request for comment. For lawmakers in auto-heavy battleground states like Michigan and Ohio , even a limited opening for China could be politically explosive. They warn that if heavily subsidized Chinese automakers gain a foothold in the U.S. market, it could threaten domestic manufacturing jobs in states central to the 2026 midterm elections and the next presidential race. "If your state is in the Rust Belt, letting Chinese automakers into the U.S. market would be detrimental and politically bad for many people," said Stephen Ezell, a vice president at the Information Technology and Innovation Foundation, a Washington think tank focused on industrial competitiveness that has studied Chinese automakers. "You're talking about risks to industry, jobs, factories and whole communities." So far, Democrats have pitched the fight over Chinese autos as critical to protecting union jobs and domestic production, while Republicans are casting it as part of a broader eco...
派息方案与关键日期 德雅致投资公司宣布，旗下德雅致加拿大公司债券指数ETF(Desjardins Canadian Corporate Bond Index ETF)将在2026年5月进行月度现金分配，每股派息0.0556加元。该ETF在多伦多证券交易所上市，交易代码为DCBC。 本次派息的股权登记日为2026年5月22日，除息日为同一天，派息日为2026年5月29日。 股息收益率与基金概况 以当...
派息方案与关键日期 德雅致投资公司宣布，旗下德雅致加拿大公司债券指数ETF(Desjardins Canadian Corporate Bond Index ETF)将在2026年5月进行月度现金分配，每股派息0.0556加元。该ETF在多伦多证券交易所上市，交易代码为DCBC。 本次派息的股权登记日为2026年5月22日，除息日为同一天，派息日为2026年5月29日。 股息收益率与基金概况 以当前股价计算，该ETF的股息收益率约为3.86%，过去12个月累计派息约0.81加元，采用月度派息频率。 该ETF成立于2024年4月18日，由德雅致全球资产管理公司发行和管理，资产规模约8.55亿加元。基金采用完全复制技术，旨在追踪Solactive加拿大债券全市场公司债总回报指数的表现。 投资策略与组合构成 该基金主要投资于加拿大公开发行的投资级公司债券市场。投资组合以A级和BBB级债券为主，其中A级占比约44%，BBB级占比约43.7%。 前十大持仓涵盖加拿大主要金融机构和电信企业，包括 加拿大皇家银行 、新斯科舍银行、 蒙特利尔银行 、多伦多 道明银行 、贝尔加拿大等。 责任编辑：张俊 SF065
Live cattle futures are showing 67 cent to $1.37 higher trade at Thursday’s midday. Cash trade has seen some $260 sales in the South early this week, with northern trade at $408-410. Feeder cattle futures are trading with $1.35 to $1.95 gains at midday. The CME Feeder Cattle Index was...
Live cattle futures are showing 67 cent to $1.37 higher trade at Thursday’s midday. Cash trade has seen some $260 sales in the South early this week, with northern trade at $408-410. Feeder cattle futures are trading with $1.35 to $1.95 gains at midday. The CME Feeder Cattle Index was...
Lean hog futures are down 42 cents in the expiring May contract, with others down $1.00 to $1.30 at midday. USDA’s national base hog price was not reported on Thursday morning, due to light volume. The CME Lean Hog Index was back up 26 cents on May 12 at $90.74....
Lean hog futures are down 42 cents in the expiring May contract, with others down $1.00 to $1.30 at midday. USDA’s national base hog price was not reported on Thursday morning, due to light volume. The CME Lean Hog Index was back up 26 cents on May 12 at $90.74....
Corn futures are trading with 13 to 15 cent losses in the front months on Thursday. There were 17 deliveries against May futures overnight, with the contract expiring today. The CmdtyView national average Cash Corn price is down 15 cents to $4.25. A bill to approve year-around sales of E15...
Corn futures are trading with 13 to 15 cent losses in the front months on Thursday. There were 17 deliveries against May futures overnight, with the contract expiring today. The CmdtyView national average Cash Corn price is down 15 cents to $4.25. A bill to approve year-around sales of E15...
Soybeans are trading with 30 to 44 cent losses in most contracts on Thursday. The cmdtyView national average Cash Bean price is down 44 cents at $11.20. Soymeal futures are back down $7.20, with Soy Oil futures falling 108 points. There were 80 deliveries issued against May meal futures overnight,...
Soybeans are trading with 30 to 44 cent losses in most contracts on Thursday. The cmdtyView national average Cash Bean price is down 44 cents at $11.20. Soymeal futures are back down $7.20, with Soy Oil futures falling 108 points. There were 80 deliveries issued against May meal futures overnight,...
The wheat complex is facing pressure on Thursday’s midday. Chicago SRW futures are down 18 to 29 cents in the front months. KC HRW futures are leading the charge, with 20 to 22 cent losses. MPLS spring wheat is trading with 17 to 19 cent losses at midday. There were...
The wheat complex is facing pressure on Thursday’s midday. Chicago SRW futures are down 18 to 29 cents in the front months. KC HRW futures are leading the charge, with 20 to 22 cent losses. MPLS spring wheat is trading with 17 to 19 cent losses at midday. There were...
Nearly half of the crude oil released from the US Strategic Petroleum Reserve is being exported, a fresh sign of how severely global supplies have tightened amid the Iran war. About 13 million barrels from the US emergency stockpile have sailed to Europe and other destinations, according to data from Kpler Ltd. based on US Customs’ documents. That represents roughly 40% of the crude released so fa...
Nearly half of the crude oil released from the US Strategic Petroleum Reserve is being exported, a fresh sign of how severely global supplies have tightened amid the Iran war. About 13 million barrels from the US emergency stockpile have sailed to Europe and other destinations, according to data from Kpler Ltd. based on US Customs’ documents. That represents roughly 40% of the crude released so far from the reserve. The last tanker to load crude from the SPR was the Kyrakatingo , which took 700,000 barrels of Bryan Mound Sour oil, a variety named after one of the four underground salt caverns where US emergency supplies are stored. It’s not uncommon for oil from the emergency cache to be exported. In 2022, after Russia’s invasion of Ukraine disrupted global oil flows, traders shipped almost 21 million barrels from the SPR to refiners in Europe and Asia, or roughly 10% of the total release. Still, the scale of exports this time highlights the strain on global crude markets after the near closure of the Strait of Hormuz. The Trump administration pledged to release 172 million barrels from the reserve as part of a broader effort by advanced economies to ease the strain of the Iran war on global energy markets. So far, the US has agreed to loan 133 million barrels, with more than half snatched by trading companies. Trafigura Group alone secured about a quarter of that. The oil is being released in batches between March and August, and so far, only 31.3 million barrels have effectively left the caverns, according to the Energy Department. The release comes at a pivotal moment for President Donald Trump , whose administration is trying to negotiate a peace deal with Iran while confronting rising fuel costs at home. Prices at the pump have climbed 50% since the start of the war to around $4.50 a gallon. At the same time, American refiners are poised to boost crude intake ahead of the summer driving season, when demand for the fuel peaks.
Micron Technology and Sandisk Corporation have been two of the best performing stocks in the market over the last year. Can they continue to gain amid the AI driven memory shortage?
Micron Technology and Sandisk Corporation have been two of the best performing stocks in the market over the last year. Can they continue to gain amid the AI driven memory shortage?
Wise Group 's (NASDAQ: WSE) Nasdaq debut comes at an interesting moment for cross-border payments, a sector where Ripple and its XRP (CRYPTO: XRP) token have long promised disruption. The two companies rarely compete head-to-head for the same customers, but they do represent fundamentally different approaches to solving the same problem: moving money across international borders quickly and cheapl...
Wise Group 's (NASDAQ: WSE) Nasdaq debut comes at an interesting moment for cross-border payments, a sector where Ripple and its XRP (CRYPTO: XRP) token have long promised disruption. The two companies rarely compete head-to-head for the same customers, but they do represent fundamentally different approaches to solving the same problem: moving money across international borders quickly and cheaply. Wise's arrival on U.S. exchanges is a bit awkward for the crypto narrative. Wise built its business by creating a network of local bank accounts in dozens of countries. When you send British pounds to someone in Australia, Wise doesn't actually move your money internationally. Instead, it pays out from its Australian account while simultaneously collecting your pounds in the U.K., then settles the imbalance through its network later. Continue reading
派息方案与关键日期 德雅致投资公司宣布，旗下德雅致加拿大优先股指数ETF(Desjardins Canadian Preferred Share Index ETF)将在2026年5月进行月度现金分配，每股派息0.0637加元。该ETF在多伦多证券交易所上市，交易代码为DCP。 本次派息的股权登记日为2026年5月22日，除息日为同一天，派息日为2026年5月29日。 股息收益率与历史记录 以当前...
派息方案与关键日期 德雅致投资公司宣布，旗下德雅致加拿大优先股指数ETF(Desjardins Canadian Preferred Share Index ETF)将在2026年5月进行月度现金分配，每股派息0.0637加元。该ETF在多伦多证券交易所上市，交易代码为DCP。 本次派息的股权登记日为2026年5月22日，除息日为同一天，派息日为2026年5月29日。 股息收益率与历史记录 以当前股价计算，该ETF的股息收益率约为5.29%。过去12个月累计派息约1.16加元，月度派息频率稳定。历史数据显示，该基金今年3月每股派息0.1307加元、2月派息0.0649加元、1月派息0.1596加元。 投资策略与组合概况 该ETF成立于2017年3月，旨在通过完全复制技术跟踪Solactive加拿大利率重置优先股总回报指数。基金主要投资于加拿大公司发行的优先证券，要求评级机构DBRS或标普评级不低于P3，或穆迪评级高于Baa3。 投资组合前十大持仓涵盖金融、能源及公用事业板块，包括Fortis、TC Energy、多伦多 道明银行 、 加拿大皇家银行 等。基金资产规模约3832万加元，费用率为0.51%。 责任编辑：张俊 SF065
Earnings Call Insights: Karyopharm Therapeutics (KPTI) Q1 2026 Management View "Karyopharm continues to execute through an important period for the company with recent and upcoming milestones that we believe can unlock meaningful growth opportunities and shape our next phase," said (President, CEO & Director Richard Paulson), adding that since the prior call the company reported "top line results ...
Earnings Call Insights: Karyopharm Therapeutics (KPTI) Q1 2026 Management View "Karyopharm continues to execute through an important period for the company with recent and upcoming milestones that we believe can unlock meaningful growth opportunities and shape our next phase," said (President, CEO & Director Richard Paulson), adding that since the prior call the company reported "top line results from our Phase III SENTRY trial in myelofibrosis," "complet[ed] enrollment in XPORT-EC-042 in endometrial cancer," and "strengthen[ed] our balance sheet through the financing completed in Q1." On SENTRY, (EVP, Chief Medical Officer & Head of Research Reshma Rangwala) said the trial met the co-primary endpoint for spleen response: "The co-primary endpoint of SVR35 at week 24 was 50% for the combination compared to 28% for ruxolitinib alone, corresponding to a statistically significant p-value of less than 0.0001." She also highlighted OS and potential disease modification signals: "At the time of the top line data, the overall survival hazard ratio was 0.43 with a nominal p-value of 0.0222" and "the greater proportion of patients on the combination arm at 32% who experienced a variant allele frequency reduction of at least 20% may be indicative of an underlying effect on the disease biology." (EVP, Chief Commercial Officer & Head of Business Development Sohanya Cheng) framed Q1 XPOVIO dynamics as pricing/returns-driven, while citing competitive pressure on demand: "We delivered strong net product revenue growth this quarter, driven primarily by favorable gross to net dynamics," while "underlying demand for XPOVIO was lower compared to the first quarter of 2025, reflecting the impact of new competitive entrants." (EVP, CFO & Treasurer Lori Macomber) detailed the quarter’s revenue and cost profile: "Total revenue for the first quarter was $35.1 million compared to $30 million in the prior year period" and "U.S. XPOVIO net product revenue was $29.2 million compared to $21.1 mil...