(RTTNews) - Stocks may move to the downside in early trading on Monday, giving back ground following the strong upward move seen last Friday. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 futures down by 0.1 percent.
(RTTNews) - Stocks may move to the downside in early trading on Monday, giving back ground following the strong upward move seen last Friday. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 futures down by 0.1 percent.
quantic69 Dell Technologies ( DELL ) was downgraded at UBS on Monday as the investment firm said it sees demand for artificial intelligence servers as “largely priced in.” Shares fell 1.8% in premarket trading. “We downgrade DELL shares to Neutral from Buy as the risk/reward going forward is more balanced following strong execution over the past 12 months as the shares are up ~170% vs. the S&P 500...
quantic69 Dell Technologies ( DELL ) was downgraded at UBS on Monday as the investment firm said it sees demand for artificial intelligence servers as “largely priced in.” Shares fell 1.8% in premarket trading. “We downgrade DELL shares to Neutral from Buy as the risk/reward going forward is more balanced following strong execution over the past 12 months as the shares are up ~170% vs. the S&P 500 up ~30%,” analyst David Vogt wrote in a note to clients. In addition to the downgrade, Vogt upped his price target to $243 from $167. Delving deeper, Vogt said that there is upside likely from AI, but it's likely already reflected. “Dell guided FY27 AI rev to ~$50B, up ~100% following 152% growth in FY26,” Vogt added. “However, since the company guide, several individuals of an AI competitor were charged with exporting Nvidia GPU based servers illegally. Therefore, we believe that neoclouds, enterprises, and sovereigns could shift future orders towards Dell. As such, Dell's AI order pipeline has likely expanded the past month or so above prior expectations. However, Dell's NTM P/E [multiple] and share price has increased ~70% since the news while we [estimate] the near-term EPS upside is more modest.” More on Dell Dell: The Stock Is Pricey But I'm Still Dipping Into The Buys Dell Q1 Preview: Upcoming Earnings Could Extend AI Momentum Dell's Shift Is Bigger Than The Rally Suggests Dell caps off best weekly gain in two years after Trump endorsement Western Digital, Micron among group getting price target hikes at Mizuho on AI tailwinds
A former Polish justice minister sought in his homeland for alleged abuse of power says he has travelled from Hungary to the US, prompting prosecutors in Poland to say on Monday that they are investigating whether he was assisted in evading liability. Zbigniew Ziobro was a key figure in the government led by the nationalist conservative Law and Justice party that ran Poland between 2015 and 2023. ...
A former Polish justice minister sought in his homeland for alleged abuse of power says he has travelled from Hungary to the US, prompting prosecutors in Poland to say on Monday that they are investigating whether he was assisted in evading liability. Zbigniew Ziobro was a key figure in the government led by the nationalist conservative Law and Justice party that ran Poland between 2015 and 2023. That administration established political control over key judicial institutions by stacking higher...
In the Johor palace where Malaysia’s once-dominant ruling party was born, Umno’s leaders posed on Monday with the country’s king in a carefully staged reminder of the power they commanded for six decades – and the influence they now hope to reclaim. The United Malays National Organisation (Umno), the Malay nationalist party that led Malaysia from independence until its shock election defeat eight ...
In the Johor palace where Malaysia’s once-dominant ruling party was born, Umno’s leaders posed on Monday with the country’s king in a carefully staged reminder of the power they commanded for six decades – and the influence they now hope to reclaim. The United Malays National Organisation (Umno), the Malay nationalist party that led Malaysia from independence until its shock election defeat eight years ago, marked its 80th anniversary in its birthplace with a grand show of unity as it sought to...
The iShares Russell 2000 ETF (NYSEMKT:IWM) provides broad exposure to small-capitalization U.S. equities, whereas the State Street SPDR S&P 500 ETF Trust (NYSEMKT:SPY) tracks the performance of the largest companies in the domestic market. Investors often use IWM and SPY to balance market-cap exposure in their portfolios. While SPY serves as the primary benchmark for U.S. large-cap performance, IW...
The iShares Russell 2000 ETF (NYSEMKT:IWM) provides broad exposure to small-capitalization U.S. equities, whereas the State Street SPDR S&P 500 ETF Trust (NYSEMKT:SPY) tracks the performance of the largest companies in the domestic market. Investors often use IWM and SPY to balance market-cap exposure in their portfolios. While SPY serves as the primary benchmark for U.S. large-cap performance, IWM targets small-cap companies that may offer different growth trajectories and economic sensitivities. This match-up examines how these two domestic heavyweights compare on risk, return, and internal composition. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
hapabapa/iStock Editorial via Getty Images On April 29th , AbbVie ( ABBV ) reported impressive earnings that beat Wall Street estimates as Q1 2026 revenues reached $15 billion (+12.4% YoY). The firm's immunology blockbuster Skyrizi powered headline numbers, reaching $4.48 billion in Q1 sales (+30.9% YoY), enabling management to raise 2026 EPS guidance to a mid-point of $14.18. Despite these robust...
hapabapa/iStock Editorial via Getty Images On April 29th , AbbVie ( ABBV ) reported impressive earnings that beat Wall Street estimates as Q1 2026 revenues reached $15 billion (+12.4% YoY). The firm's immunology blockbuster Skyrizi powered headline numbers, reaching $4.48 billion in Q1 sales (+30.9% YoY), enabling management to raise 2026 EPS guidance to a mid-point of $14.18. Despite these robust results, the anxiety among Wall Street analysts was palpable on the earnings call . For example, JPMorgan's Christ Schott spoke to developments in the immunology and inflammation landscape, specifically the recent approval of the oral competitor Icotyde, stating: "The Street is increasingly concerned about what this means relative to your portfolio." Other analysts questioned management's long-term view that Skyrizi has peak sales upside relative to the 2031 $33 billion sell-side forecast. In my view, it is a common trap for investors to aggressively discount explosive growth at scale. For example, last year critics claimed that Nvidia ( NVDA ) was "too big to grow," while in 2012 pundits thought Apple's ( AAPL ) iPhone sales would soon hit a ceiling due to "the law of large numbers." Frequently investors presented with 'blue sky' upside choose to aggressively discount it, coming up with myriad reasons why growth must hit a ceiling long before it actually does. The skepticism surrounding AbbVie's Skyrizi appears unfounded for three primary reasons: The efficacy gap remains wide: The primary source of anxiety is the roll-out of new oral therapies, specifically the JNJ/Protagonist drug Icotyde. This bear thesis posits that the convenience of an oral pill will erode Skyrizi's market share. However, Skyrizi remains the undisputed best-in-class biologic. CCO Jeff Stewart noted on the call that efficacy comparisons are "quite a bit lower." The Expanding Market: Skeptics assume that the immunology market is a 'zero-sum game.' Stewart also pointed out that oral drugs like Otezla a...
Watch: Fetterman Blasts Democrats For Running On 'F*ck Trump'; Calls Socialism Moronic Authored by Steve Watson via Modernity.news, Pennsylvania Democrat Sen. John Fetterman has reiterated that he is done with the insanity gripping his party. In a series of raw appearances on Bill Maher’s show and a new Washington Post op-ed, Fetterman is torching the reflexive anti-Trump obsession, the normalizat...
Watch: Fetterman Blasts Democrats For Running On 'F*ck Trump'; Calls Socialism Moronic Authored by Steve Watson via Modernity.news, Pennsylvania Democrat Sen. John Fetterman has reiterated that he is done with the insanity gripping his party. In a series of raw appearances on Bill Maher’s show and a new Washington Post op-ed, Fetterman is torching the reflexive anti-Trump obsession, the normalization of radical left ideas once dismissed as smears, and the sloppy 24-hour news cycle that turns opinions into “news.” Fetterman made clear he refuses to play along with the extremes. “My colleagues and people that are running, whether for the Senate where the House, they are literally running on f*ck Trump,” he said. “I mean, that’s literally—they have campaign commercials with that. It’s absurd,” he noted, adding “And we are getting to that point and I refuse to engage in that extreme, those terms. And we have to find a better way forward.” Sen. John Fetterman (D-PA): “My colleagues and people that are running, whether for the Senate where the House, they are literally running on f*ck Trump.” “I mean, that's literally—they have campaign commercials with that. It's absurd.” “And we are getting to that point and I… pic.twitter.com/A0MselRgIS — RedWave Press (@RedWavePress) May 9, 2026 Fetterman repeated the sentiments in an op-ed in The Washington Post, titled “I Haven’t Changed. Here’s What Has,” writing “My party cannot simply be the opposite of whatever President Donald Trump says.” He stresses, “Working across the aisle is the only way forward” and calls “pointless pile-ons and attacks” unproductive. Fetterman highlights once-mainstream Democratic positions on border security, support for Israel, and avoiding government shutdowns that have now become “toxic” to the party’s fringe base. He declares, “Someone who comes here illegally and commits a violent crime should be deported. Full stop.” "It doesn’t matter if my colleague is in my party or across the aisle," Sen. @Jo...
Bulgac/iStock Unreleased via Getty Images Intel ( INTC ) has gone from $18 to $125 in fourteen months. That's a 590% move on a company that posted negative GAAP earnings last quarter, is burning $2.4 billion per quarter in its foundry segment, and whose consensus analyst target sits 42% below the current price. The stock has an open area gap at $84.59 as part of the post-earnings surge on April 28...
Bulgac/iStock Unreleased via Getty Images Intel ( INTC ) has gone from $18 to $125 in fourteen months. That's a 590% move on a company that posted negative GAAP earnings last quarter, is burning $2.4 billion per quarter in its foundry segment, and whose consensus analyst target sits 42% below the current price. The stock has an open area gap at $84.59 as part of the post-earnings surge on April 28, and my backtests on INTC show a 92% fill rate on up area gaps with a median fill time of four days. I'm buying puts. The Gap INTC gapped up from roughly $67 to $82 on April 24 after reporting Q1 earnings that crushed estimates: $0.29 EPS versus $0.01 consensus and a revenue of $13.58 billion versus estimates of $12.42 billion. The stock has continued to rip higher after this breakaway gap, hitting $125 today (May 9). But the move up was not without an area gap. Now, that gap sits at $84.59. My backtest on INTC up area gaps (white-white pattern, 2009-2026) shows 112 fills out of 122 total gaps, a 92% fill rate. The median fill time is four trading days. For clarification's sake, let me make a distinction between the two gaps. The earnings gap from $67 to $82 is a breakaway gap, driven by a fundamental re-rating of the company. Breakaway gaps don't fill reliably because they reflect a genuine shift in what the market thinks the stock is worth. In contrast, the area gap at $84.59, formed during the momentum-driven run that followed, is the product of enthusiasm, not re-pricing. It's a temporary overreaction that fills. The seasonal data adds to my conviction. INTC in early May has a bearish seasonal tendency: down in 10 of the last 17 years during this window, with a seasonal expected value of -0.36%. It's not an overwhelming number, but it is aligned with the gap-fill direction, which is something I like to see before opening a short trade on an area gap. The Valuation We rarely want to trade a gap when the fundamentals of the stock point in the other direction. Fortunately...
Bulgac/iStock Unreleased via Getty Images Intel ( INTC ) has gone from $18 to $125 in fourteen months. That's a 590% move on a company that posted negative GAAP earnings last quarter, is burning $2.4 billion per quarter in its foundry segment, and whose consensus analyst target sits 42% below the current price. The stock has an open area gap at $84.59 as part of the post-earnings surge on April 28...
Bulgac/iStock Unreleased via Getty Images Intel ( INTC ) has gone from $18 to $125 in fourteen months. That's a 590% move on a company that posted negative GAAP earnings last quarter, is burning $2.4 billion per quarter in its foundry segment, and whose consensus analyst target sits 42% below the current price. The stock has an open area gap at $84.59 as part of the post-earnings surge on April 28, and my backtests on INTC show a 92% fill rate on up area gaps with a median fill time of four days. I'm buying puts. The Gap INTC gapped up from roughly $67 to $82 on April 24 after reporting Q1 earnings that crushed estimates: $0.29 EPS versus $0.01 consensus and a revenue of $13.58 billion versus estimates of $12.42 billion. The stock has continued to rip higher after this breakaway gap, hitting $125 today (May 9). But the move up was not without an area gap. Now, that gap sits at $84.59. My backtest on INTC up area gaps (white-white pattern, 2009-2026) shows 112 fills out of 122 total gaps, a 92% fill rate. The median fill time is four trading days. For clarification's sake, let me make a distinction between the two gaps. The earnings gap from $67 to $82 is a breakaway gap, driven by a fundamental re-rating of the company. Breakaway gaps don't fill reliably because they reflect a genuine shift in what the market thinks the stock is worth. In contrast, the area gap at $84.59, formed during the momentum-driven run that followed, is the product of enthusiasm, not re-pricing. It's a temporary overreaction that fills. The seasonal data adds to my conviction. INTC in early May has a bearish seasonal tendency: down in 10 of the last 17 years during this window, with a seasonal expected value of -0.36%. It's not an overwhelming number, but it is aligned with the gap-fill direction, which is something I like to see before opening a short trade on an area gap. The Valuation We rarely want to trade a gap when the fundamentals of the stock point in the other direction. Fortunately...
(RTTNews) - The Canadian stock market is likely to open with a negative bias on Monday, weighed down by Middle East concerns due to failed peace talks.
(RTTNews) - The Canadian stock market is likely to open with a negative bias on Monday, weighed down by Middle East concerns due to failed peace talks.