【市场回顾】上周五A股三大指数涨跌不一，截止收盘，沪指收跌1.24%，深成指收跌0.25%，创业板指收涨1.3%。沪深两市成交额22865.94亿元。申万行业方面，电力设备、通信、煤炭领涨，综合、计算机、国防军工领跌；概念板块方面，BC电池、TOPCON电池、HJT电池领涨，MLOps概念、华为欧拉、可燃冰领跌。港股方面，恒生指数收跌0.88%，恒生科技指数收跌2.48%；海外方面，美国三大指数集体收跌，道指收跌0.96%，标普500收跌1.51%，纳指收跌2.01%。 【重要新闻】【金融法草案向社会公开征求意见】2026年3月20日，司法部、中国人民银行、金融监管总局、中国证监会、国家外汇局在门户网站公布《中华人民共和国金融法（草案）》，向社会公开征求意见。草案共11章95条，主要规定了以下内容：一是明确金融工作方向性总体性要求，二是建设现代中央银行制度，三是规范金融机构行为活动，四是提升金融产品和服务规范性，五是优化金融市场体系功能，六是全面加强金融监管，七是健全金融风险处置机制，八是统筹金融高质量发展和安全，九是强化法律责任。 【李强出席中国发展高层论坛2026年年会开幕式并发表主旨演讲】3月22日上午，国务院总理李强在北京出席中国发展高层论坛2026年年会开幕式并发表主旨演讲，围绕“如何看待市场、发展与未来”分享三点核心观点：一是通过开放和技术进步创造增量市场，反对保护主义；二是倡导良性竞争与合作，反对无序恶性竞争；三是强调中国将坚持高质量发展，致力于做世界的“确定性基石”和“稳定性港湾”。 研报精选 关注行业配置价值

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军工板块估值仍处于相对高位 过去两周（3.9-3.20）军工指数下跌10.70%。同期沪深300指数下跌1.05%，超额收益为负9.64个百分点；在31个行业中排名30位。行业估值层面，当前军工PE-TTM（剔除负值）74.13倍，位于2015年初至今的86.27%，较两周前（2月13日）85.49倍（分位数97.39%）有所下跌。 中东局势升级，军贸军售有望提速 伊朗方面：3月12日，伊朗最高领袖穆杰塔巴·哈梅内伊发表声明称继续封锁霍尔木兹海峡，建议邻国关闭美军基地，伊朗新任最高领袖发表首份声明。3月13日，美以对伊朗发动军事打击期间，一架美国KC-135空中加油机在伊拉克西部坠毁。3月14日，美国驻伊拉克大使馆遭袭。3月19日，伊拉克武装宣布“有条件”暂停袭击美使馆5天。3月19日，沙特首都利雅得当晚遭到弹道导弹袭击，防空系统拦截并摧毁4枚弹道导弹。同日，伊朗议员称拟征收霍尔木兹海峡通行费。3月20日，伊朗发动“真实承诺-4”行动第67波攻势，打击美军在中东国家的基地、雷达和以色列的军事设施。3月22日，伊朗提出停战六项条件，闭美国在中东地区的军事基地及赔偿伊朗被侵略损失等。军贸方面：月314日，美国“战斧”导弹首次交付日本。同日，沙特与中国签订50亿军工订单。我们认为当前地缘政治紧张格局下，军贸出口有望提速。 商业航天催化密集，马斯克启动Terafab项目预计80%芯片用于太空 3月16日，三角防务联合西测测试、陕西空天院等，合资成立西部航天科技公司，公司集卫星设计与制造、运载火箭研发制造发射、卫星测控与数据应用一体。3月17日，英伟达于GTC大会发布了太空算力模块Vera Rubin Space-1，专为太空直接运行LLM设计。同日，追觅旗下芯际穿越首个“瑶台”算力基站，搭载快舟十一号遥七运载火箭在酒泉卫星发射中心成功升空。3月20日，武汉市卫星与应用产业创新联盟成立。3月21日，马斯克启动Terafab项目，该项目的目标是每年生产超过1太瓦（Terawatt，TW）的算力，包括逻辑、内存和封装，其中约80%用于太空。我们认为商业航天受益于海内外资本及产业持续催化，行业高景气度有望高企。 受益标的 （1）商业航天：国博电子、航天电子、成都华微、航天动力、广联航空、航天环宇、航天科技、中国卫星。 （2）军贸：中无人机、航天彩虹、国睿科技、航天湖南、中航沈飞、中...

01 主要观点 PART ONE 宏观：中东局势白热化，美日央行按兵不动 影响因素 主要逻辑 回顾 本周国内大宗商品走势分化，工业品和农产品多数品种走势分化。受中东地缘局势紧张的驱动，国际油价持续高位运行，带动能化板块偏强震荡。煤炭、农产品受到外溢影响，偏强运行。而前期表现强势的有色和贵金属板块则受滞胀担忧的影响，纷纷大幅回调。 海外 1）本轮中东局势已进入全面对抗的白热化阶段，美以联手升级军事打击、实施高层定点清除，伊朗则以强硬立场全面反制，双方对峙毫无缓和空间，全球能源命脉与经贸秩序或将继续面临持续性冲击。2）当地时间18日，美联储3月议息会议维持利率不变，会议基调整体偏鹰，发布会上鲍威尔对油价冲击影响尚未可知的坦诚表述，凸显出美联储当前的两难境地。同时，反对票减少、点阵图中值不变但分歧扩大、SEP同时上修增长与通胀预期，都表明美联储短期难以向进一步宽松迈进，美联储短期只能在不确定性上升背景下强化观望立场，紧盯油价中枢的变化以及高油价的持续时间。3）当地时间17日，欧盟重启美欧贸易协议审批程序，释放跨大西洋贸易缓和信号，同时公开呼吁美以结束对伊战争；当地时间19日欧洲央行维持利率不变，但称正紧盯中东冲突引发的油价通胀风险并表态已准备好必要时动用全部工具应对，市场押注其年内或加息逾两次。4）当地时间19日，日本央行维持利率不变。本次日本央行决议延续了渐进式政策正常化基调，而高田创的加息提议，折射出央行内部对通胀达标进度的判断出现明显分化，该提议虽未获通过，却向市场释放出政策收紧仍具备推进空间的信号，也为4月货币政策会议保留了加息可能性。中东局势升级推高国际油价，给日本带来显著输入性通胀压力，央行明确警示油价带来的二轮通胀效应，打破了市场对通胀持续回落的乐观预期，也使得央行难以推进激进收紧操作。 国内 1）3月17日，财政部发布2025年财政政策执行报告，财政扩内需成效显著、税收结构持续优化，明确2026年积极财政政策五大发力点，衔接“十四五”收官与“十五五”开局。2）月16日，国务院召开全体会议锚定六大攻坚工作，开年经济数据印证决策成效，六项重点工作形成完整体系，成为推动经济持续回升向好的核心抓手；同日，金融监管总局部署全年金融工作，聚焦防风险、强监管与高质量发展，细化四大任务并将出台配套细则，为“十五五”金融监管划定主线。 大宗商品观点 中东局势仍是大宗商品走势...

观点 周度ECI指数：从周度数据来看，截至2026年3月22日，本周ECI供给指数为50.03%，较上周回升0.02个百分点；ECI需求指数为49.86%，较上周环比持平。从分项来看，ECI投资指数为49.90%，较上周回落0.01个百分点；ECI消费指数为49.64%，较上周环比回升0.01个百分点；ECI出口指数为50.19%，较上周回升0.01个百分点。 月度ECI指数：从3月前三周的高频数据来看，ECI供给指数为50.01%，较2月回升0.01个百分点；ECI需求指数为49.87%，较2月回落0.01个百分点。从分项来看，ECI投资指数为49.91%，较2月回落0.03个百分点；ECI消费指数为49.66%，较2月环比持平；ECI出口指数为50.20%，较2月回落0.02个百分点。 经济高频数据： 生产：原油价格上涨对部分行业的影响有所显现。3月以来工业生产整体呈现平稳修复的态势，但原油价格上涨对部分行业的影响开始有所显现，本周PTA开工率录得76.27%，环比回落4.06个百分点，成本端压力的上升对企业开工造成了一定扰动。 消费：商品消费整体仍待回暖。进入3月份以来，家电和乘用车零售等“以旧换新”相关品类整体仍录得同比负增长，3月前半月乘用车零售环比增长2.0%，但较去年同期仍回落21.0%。服务消费方面，航班执飞率和地铁出行人数基本符合季节性特征，电影票房仍相对较弱。 地产：上海地产政策调整的效果进一步显现。本周上海新房和二手房成交面积分别录得29.2万平方米和59.8万平方米，分别环比增长11.0%和13.9%，其中二手房成交面积录得23年9月以来新高，“小阳春”特征明显。整体来看，3月份以来30大中城市商品房成交面积和19城二手房成交面积降幅也在延续收窄，可关注本轮地产销售修复的持续性。 出口：3月出口增速或有所回落。由于今年春节位于2月下旬，节前订单集中出货使得1-2月出口录得较高增长，但春节较晚同样会对节后出口数据造成扰动。从高频数据来看，3月上旬监测港口累计完成货物吞吐量同比仍录得0.1%的正增长，但较前值（1-2月7.4%）下滑明显，指向3月出口增速或有所回落。 物价：油价延续上涨，食品价格延续回落。国内方面，本周猪肉和蔬菜价格环比延续回落态势，其中猪肉价格同比降幅较为明显，而蔬菜价格与去年同期较为接近。国际方面，本周原油价格延续上行趋势，铜...

大类资产配置：关注中东局势演绎 1. 海外宏观：全球宽松预期逆转 (1)美国2月PPI价格全面超预期：美国劳工部公布周三的数据显示，2月PPI同比上涨3.4%，高于市场预期的3.0%，较前值2.9%明显加速；环比上涨0.7%，为2025年7月以来最大单月涨幅，大幅超出预期的0.3%，前值为0.5%。后续来看，地缘冲突所带来的油价飙升基本已成定局，生产端通胀压力再度升温，进一步压缩美联储降息空间。 (2)全球央行多数表态观望：美联储3月维持利率不变，表态中性偏鹰。内部分歧犹存，通胀担忧升温，点阵图显示年内降息预期有限。经济预测上调了增长与通胀，政策焦点转向应对滞胀风险。同时，美联储面临政治压力与独立性考验，若油价持续高位，或被迫转鹰；欧央行方面，认为中东局势形成 “通胀上行、增长下行” 的双重风险格局，明确下调了经济增长预期并上调了通胀预期；将原油价格波动列为核心风险点，关注油价上涨对国内成本的推升以及对日元汇率的扰动。 (3)美国联邦债务违约担忧再起：美国财政部18日发布的数据显示，美国国债总额首次超过39万亿美元，预计今年秋季美国国债将突破40万亿美元。美国国债快速累积凸显美国政府面临多重政策目标的艰难权衡，既要推动大规模税改法案、增加国防开支与移民执法投入，又要削减债务规模，而后者正是总统特朗普在竞选时和当选后都承诺要实现的目标。 2. 大类资产表现：本周市场交易的核心主线仍是地缘政治风险的缓解与全球经济走向及货币政策不确定性，主要央行多数表态观望，市场逆转年内宽松预期，货币紧缩担忧打击市场情绪，流动性扰动下，全球股市、债市、黄金表现承压，原油涨势暂缓，但天然气相关商品表现突出，其他商品受地缘扰动表现分化。 (1)债市方面，超级央行周释放鹰派信号，全球债市遭遇剧烈抛售。两年期美债收益率一度飙升18个基点至3.95%，英国两年期国债收益率更跳升40个基点。市场大幅削减年内降息押注，美联储维持利率不变但强调通胀风险的做法未能平复市场对于美债规模快速增加的担忧，美债收益率曲线在重心上移过程中再度走向陡峭化。国内方面，继2月通胀数据超预期回升之后，3月16日公布的1-2月经济数据整体好于预期，本周债市延续偏空震荡走势。3月LPR报价连续10个月保持不变，符合预期。当前债市面临流动性精准调节、基本面回暖、通胀回升的局面，短期以震荡偏调整为主，长端利率承压更显著，短端受资金...

重点推荐 1.从美国准备金框架对“沃什路径”的全景扫描——美联储专题深度研究 2.商品供需切换，关注必选项——资产配置周报（2026/03/16-2026/03/20） 财经要闻 1.LPR连续10个月“按兵不动” 2.商务部发布16项举措促进旅行服务出口、扩大入境消费 3.金融法草案向社会公开征求意见 4.央行行长潘功胜：以预期引导及运用宏观审慎管理工具，校正市场失灵，防破坏性均衡

The American singer Chappell Roan has responded to claims that her security guard made the stepdaughter of the Flamengo footballer Jorginho cry, saying the situation makes her feel “really sad” and she “did not deserve that”. On Saturday, the former Premier League player posted on Instagram to criticise Roan, claiming her security spoke “in an extremely aggressive manner” to his wife and stepdaughter after they saw the musician at a hotel in São Paulo, Brazil. Jorginho, 34, said his 11-year-old stepdaughter was “extremely shaken and cried a lot” after the interaction and also hit out at the singer for not appreciating her supporters, adding: “Without your fans, you would be nothing.” Roan took to Instagram on Sunday and shared a video to her almost eight million followers as she addressed the incident. She said: “I’m just going to tell my half of the story of what happened today with a mother and child who were involved with a security guard who is not my personal security. “I didn’t even see, I didn’t even see a woman and a child like … no one came up to me, no one bothered me like I was just sitting at breakfast in my hotel. I think these people were staying at the hotel as well. So, the fact that, like a security guard, who was – I did not ask the security guard to go up and talk to this mother and child, I did not. “They did not come up to me. They weren’t doing anything. It’s unfair for security to just assume someone doesn’t have good intentions when they have no reason to believe, because there’s no action even taken.” Roan, 28, who was lying down in bed as she spoke in the video, continued: “I do not hate people who are fans of my music. I do not hate children – that is crazy. I’m sorry to the mother and child that someone was assuming something, that you would do something, and that … if you felt uncomfortable, that makes me really sad. You did not deserve that.” Jorginho, who played for Chelsea and Arsenal between 2018 and 2025, is married to the Irish sin...

Choosing the right state to retire in can be a tough decision. Some states are more affordable, but they might have a lower quality of life, poorer healthcare facilities, and other issues. So to cut through that noise, take a look at The Motley Fool's Best Places to Retire Index. In that index, three states rise to the top as the best places to retire: Florida, California, and Texas. However, these three leading states will likely appeal to different types of retirees. Let's review their core strengths and potential weaknesses. Why do Florida, California, and Texas top this list? Our index ranks the quality of life, healthcare facilities, housing costs, cost of living, crime rates, tax rates, and climate of all 50 states on a 1-100 scale. Here's how the top three states scored. State Quality of Life Healthcare Housing Cost of Living Crime Tax Climate Final Score Florida 55 64 69 79 96 60 98 70 California 100 72 10 37 68 21 85 66 Texas 55 41 81 94 56 65 100 65 The Sunshine State Florida doesn't have a state income tax and doesn't tax Social Security benefits. It offers highly rated healthcare facilities and 55+ communities, warm year-round weather, and low crime rates. It also provides easy access to beaches, cruises, and international airports. The top Florida cities for retirees include Fort Lauderdale, St. Augustine, and Quincy. However, all of these locations face unpredictable hurricanes, which can significantly drive up homeowners' insurance premiums, while HOA fees are rising in the most desirable areas. A constant stream of tourists to Orlando's theme parks and Miami's beaches can also clog up the highways and airports during the major holidays. The Golden State California has great year-round weather in many areas, high-quality healthcare facilities, and world-famous state parks, beaches, and cultural attractions. But its housing and living costs are among the highest in the nation, and it has the highest state income tax rate (up to 12.3%). On the bright si...

Micron Technology (MU 4.89%) just turned in one of the most impressive quarterly reports you'll ever see, although the stock was unable to gain any traction following its results. The stock was already up a whopping 350% over the past year going into the report, and it looked like a classic sell-the-news type of event. Let's take a closer look at the memory maker's results and prospects to see whether the stock can regain its momentum. Micron is hitting on all cylinders Micron is benefiting from a surge in memory prices, as both DRAM (dynamic random-access memory) and NAND (flash) memory remain in short supply due to the artificial intelligence (AI) infrastructure build-out. Nearly 80% of Micron's revenue is derived from DRAM, with the remainder largely from NAND. The company is one of the three major DRAM manufacturers. The DRAM market is currently being driven by high demand for high-bandwidth memory (HBM), which is packaged with AI chips, such as graphics processing units (GPUs), to optimize performance. Adding to the supply-demand issues is the fact that HBM requires upwards of 3 times the wafer capacity of ordinary DRAM. Micron expects both the DRAM and NAND markets to remain capacity-constrained beyond this calendar year. It is currently expanding its manufacturing capacity to meet long-term demand trends. As such, it raised its capital expenditure (capex) budget to $25 billion this fiscal year. Management said that as AI evolves, it expects AI infrastructure to become even more memory-intensive. Overall, for its fiscal second quarter, Micron reported that its revenue increased from $8.05 billion to $23.86 billion, exceeding the $20.07 billion consensus, as compiled by LSEG. DRAM revenue more than tripled to $18.8 billion, while NAND revenue was up by more than 2.5 times to $5 billion. Other revenue rose 27% to $95 million. Expand NASDAQ : MU Micron Technology Today's Change ( -4.89 %) $ -21.74 Current Price $ 422.53 Key Data Points Market Cap $476B Day's Rang...

Key Points Micron turned in a blockbuster fiscal Q2 and issued impressive guidance. The stock isn't expensive if AI infrastructure spending continues to be a secular tailwind. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) just turned in one of the most impressive quarterly reports you'll ever see, although the stock was unable to gain any traction following its results. The stock was already up a whopping 350% over the past year going into the report, and it looked like a classic sell-the-news type of event. Let's take a closer look at the memory maker's results and prospects to see whether the stock can regain its momentum. 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 is hitting on all cylinders Micron is benefiting from a surge in memory prices, as both DRAM (dynamic random-access memory) and NAND (flash) memory remain in short supply due to the artificial intelligence (AI) infrastructure build-out. Nearly 80% of Micron's revenue is derived from DRAM, with the remainder largely from NAND. The company is one of the three major DRAM manufacturers. The DRAM market is currently being driven by high demand for high-bandwidth memory (HBM), which is packaged with AI chips, such as graphics processing units (GPUs), to optimize performance. Adding to the supply-demand issues is the fact that HBM requires upwards of 3 times the wafer capacity of ordinary DRAM. Micron expects both the DRAM and NAND markets to remain capacity-constrained beyond this calendar year. It is currently expanding its manufacturing capacity to meet long-term demand trends. As such, it raised its capital expenditure (capex) budget to $25 billion this fiscal year. Management said that as AI evolves, it expects AI infrastructure to become even more memory-intensive. Overall, for its fiscal ...

Key Points VIG costs less to own and has outperformed NOBL over the past year and five years. NOBL offers higher dividend yield and invests in companies with a strong track record of dividend raises. VIG offers lower costs and a unique feature that filters out stocks high-yield stocks. 10 stocks we like better than ProShares S&P 500 Dividend Aristocrats ETF › Both the Vanguard Dividend Appreciation ETF (NYSEMKT:VIG) VIG and the ProShares S&P 500 Dividend Aristocrats ETF (NYSEMKT:NOBL) target companies with a proven record of growing dividends. Their approaches, however, diverge. VIG tracks a broader swath of large-cap U.S. stocks with a dividend-growth tilt, while NOBL zeroes in on S&P 500 firms with the longest dividend growth streaks and applies equal weighting. VIG also stands out for its significantly lower cost and stronger historical returns, while NOBL offers a higher yield and a more focused, equally weighted approach to dividend growth stocks. This comparison unpacks how those differences show up in cost, performance, risk, and portfolio composition, helping investors make informed decisions. Snapshot (cost & size) Metric VIG NOBL Issuer Vanguard ProShares Expense ratio 0.04% 0.35% 1-yr total return (as of 2026-03-21) 11.8% 5.7% Dividend yield 1.6% 2% Beta 0.81 0.76 AUM $123.8 billion $10.9 billion 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. VIG is considerably more affordable, charging just 0.04% in annual fees versus NOBL's 0.35%, and it is also much larger in terms of assets under management. NOBL offers a higher dividend yield by 0.4 percentage points, appealing to those who prioritize current income. Performance & risk comparison Metric VIG NOBL Max drawdown (5 y) -20.4% -17.91% Growth of $1,000 over 5 years $1,478 $1,229 What's inside NOBL holds nearly 70 stocks, with a portfolio that is equally weighted and sector exposu...

Getty Images This week, Strategy's STRC preferred stock surpassed common equity as its primary funding source for the first time, as the company's $10B+ preferred arsenal drives BTC accumulation well ahead of its 1 million target. Macro pressure is intensifying as all five major central banks delivered restrictive decisions in the same week, with the Fed caught in a stagflation trap. In derivatives, a rare funding regime shift reveals a spot-led rally giving way to a post-FOMC tug-of-war. The Arithmetic of Strategy's 1 Million Bitcoin Target Strategy added 22,337 BTC last week for $1.57 billion, bringing total holdings to 761,068. At roughly 7,940 BTC per week, Strategy's actual pace is well ahead of schedule. If sustained, the 1 million milestone could arrive as early as Q3. Source: Mark Harvey Yet bitcoin's decline from its October 2025 all-time high has punished the equity. Strategy shares have lost roughly 70% since the peak, compared to a modest pullback in the S&P 500 over the same period. With the stock under pressure and the portfolio sitting near breakeven, a natural question follows: where is all the money coming from? The Funding Engine: STRC Takes the Lead The answer lies in one of the most aggressive preferred equity programs in public market history. Strategy has built a five-instrument preferred stock lineup. These five offerings have raised more than $10 billion to date: STRK (Strike) : 8% annual yield, convertible, offering equity upside alongside income STRF (Strife) : 10% cumulative dividend, non-convertible, the most conservative structure STRD (Stride) : 10% annual yield, perpetual STRC (Stretch): variable rate starting at 11.5%, paid monthly, with the dividend consistently raised since inception STRE (Stream) : 10% annual yield, Euro-denominated, extending the model into European capital markets The fundraising power of this lineup is remarkable. STRC alone has sold over 50 million shares and raised more than triple the amount of any other pref...

Given the news being reported around the world lately, one cannot blame investors for being nervous about Taiwan Semiconductor Manufacturing (TSM 2.79%) stock. With the U.S. focused on Iran and saying it will help determine who is in charge there and the tension it is creating in that part of the world, it reminds some investors of the tensions going on between Taiwan and China over who is actually in charge of Taiwan. This is concerning because TSMC produces over 90% of the world's most advanced semiconductors, and most of that production takes place in Taiwan. Now, the question for investors is whether they should sell TSMC stock. Let's take a closer look to see if the situation has changed. TSMC's geopolitical positioning Without question, TSMC's location has always deterred some investors. In 2022, Warren Buffett's lieutenants at Berkshire Hathaway took a position in TSMC stock, but because Buffett was fearful of its geopolitical situation, Berkshire reversed this decision within a few months. Moreover, TSMC stock had traded at a discount in past years amid that fear. Still, that has changed over time as its P/E ratio of 31 is well above its five-year average of 24 and not far below the 36 earnings multiple of Nvidia, one of its top clients. Furthermore, China made up only 9% of TSMC's revenue in 2025, well below the 74% coming from North America. Thus, having TSMC out of the picture might look like a strategic advantage to China from that standpoint, and that could partially explain the dip in the stock since the beginning of March. Expand NYSE : TSM Taiwan Semiconductor Manufacturing Today's Change ( -2.79 %) $ -9.46 Current Price $ 329.33 Key Data Points Market Cap $1.7T Day's Range $ 325.90 - $ 337.49 52wk Range $ 134.25 - $ 390.20 Volume 660K Avg Vol 13M Gross Margin 58.73 % Dividend Yield 1.02 % Do not panic yet However, the company expects more good times in 2026, indicating that investors have good reason not to sell immediately. China also lacks the cap...

太平洋島國湯加發生6.2級地震， 震源深度約80公里。

IREN (NASDAQ: IREN) just rattled investors with a massive capital raise, but the fear may be masking a powerful AI growth story. If management executes on its GPU and data center expansion, this recent pullback could eventually look like a rare opportunity. Stock prices used were the market prices of March 16, 2026. The video was published on March 21, 2026. 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 » Should you buy stock in Iren right now? Before you buy stock in Iren, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Iren wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $495,179!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,058,743!* Now, it’s worth noting Stock Advisor’s total average return is 898% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of March 22, 2026. Rick Orford has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions ex...

What happened According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Capricorn Investment Group LLC reported a new position in HeartFlow (HTFL +0.50%). The fund purchased 1,661,601 shares during the fourth quarter of 2025, with the estimated transaction value totaling $48.18 million based on the quarter’s average price. At quarter end, the stake’s value also stood at $48.18 million, reflecting the aggregate impact of buying activity and market pricing. What else to know The new HeartFlow position accounts for 5.83% of Capricorn Investment Group LLC’s 13F reportable assets under management. Top five holdings after the filing: NYSE: JOBY: $375.81 million (45.8% of AUM) NYSE: PL: $140.82 million (17.2% of AUM) NASDAQ: QS: $119.80 million (14.6% of AUM) NYSE: OTF: $78.91 million (9.6% of AUM) NASDAQ: NVTS: $57.07 million (7.0% of AUM) As of March 20, 2026, HeartFlow shares were priced at $26.30, down 10.7% in 2026. Company overview Metric Value Price (as of market close March 20, 2026) $26.30 Market Capitalization $2.22 billion Revenue (TTM) $161.88 million Net Income (TTM) ($125.37 million) Company snapshot HeartFlow, Inc. offers the HeartFlow Platform, an AI-driven, non-invasive diagnostic solution for coronary artery disease, generating revenue primarily from healthcare providers and systems adopting its technology. It operates a technology-enabled business model, monetizing its proprietary software and analytics services for cardiovascular diagnostics and patient management. The company targets hospitals, cardiology practices, and integrated health networks seeking advanced tools for cardiac imaging and decision support. HeartFlow, Inc. is a healthcare technology company specializing in AI-powered, non-invasive cardiac diagnostic solutions. With a focus on providing detailed, actionable insights for coronary artery disease management, the company leverages advanced computational modeling to differentiate itself in the medical imaging...

BackyardProduction/iStock Editorial via Getty Images Bitcoin and other cryptocurrencies fell again as escalating tensions between the U.S., Israel and Iran rattled global markets. Bitcoin ( BTC-USD ) on Sunday dropped more than 3% to around $68,000, its lowest level since early March, while losses were steeper across other tokens. Ether ( ETH-USD ) fell nearly 5%, and major altcoins such as Solana ( SOL-USD ), XRP ( XRP-USD ) and Cardano ( ADA-USD ) also declined. The broader downturn has erased roughly 20% from Bitcoin’s value since the conflict began in late February, undermining the long-held narrative that the asset can serve as a safe haven during geopolitical crises. Analysts point to multiple pressures. Crypto is moving in tandem with other risk assets like equities, which have also sold off. Rising energy prices are adding strain as well, increasing the cost of mining operations. At the same time, fading optimism around U.S. crypto legislation has weakened one of the market’s earlier catalysts. With crypto trading around the clock, markets are also acting as an early signal for broader sentiment. Weekend activity showed oil-linked contracts rising while equity futures pointed lower, reflecting ongoing uncertainty. The latest selloff adds to a longer decline that began late last year, when Bitcoin traded above $120,000. Since then, repeated attempts to rebound have struggled to gain traction, leaving the market vulnerable to further shocks tied to macro and geopolitical developments. More on Bitcoin USD, Ethereum USD, etc. VanEck Mid-March 2026 Bitcoin ChainCheck Ethereum Price Holds Near $2,130 After Fed Message Cools Rebound Hopes XRP Price Steadies Near $1.34 As Market Liquidity Recalibrates Post Litigation Crypto bill sees development; Senators, White House reach tentative agreement - Politico Brad Garlinghouse sees Clarity Act odds at 90%: XRP, BTC, ETH make-or-break?

公益金新界區百萬行，在即將通車的粉嶺繞道(東段)舉行，有逾7,000人參加。 起步禮由律政司副司長張國鈞等嘉賓主持。 今次新界區百萬行，有來自約90隊不同的機構及團體參加，由粉嶺北石湖新村起步，沿粉嶺繞道東段步行，途經新建的龍躍頭交匯處，步行至近崇謙堂高架橋後，再沿途折返。 粉嶺繞道(東段)2020年起興建，連接上水石湖新村，向南伸延至粉嶺公路近九龍坑段，全長約4公里，採用雙程雙線分隔車道，將於下月通車，應付新發展區交通流量。

國際笙簧節即日開始，逾千名參加者在啟德體育園一起吹奏簧片樂器，更打破健力士世界紀錄。 電視劇《射鵰英雄傳》這首耳熟能詳的主題曲，用中樂演繹，會否格外能體會到武俠小說的氣勢磅礴？ 啟德體育園這天上演一場視覺和聽覺盛宴，香港中樂團在啟德東營草地舉辦戶外音樂會，演奏一首首經典樂曲，當然不少得《彩雲追月》。 同場有逾千名本地和內地參加者，演奏七種簧片樂器，包括中樂的笙、葫蘆絲、西樂的口琴等，為國際笙簧節打響頭炮。由4歲至87歲都都落力吹奏，一同演繹活動主題曲《千簧和鳴》，更創下「最大規模的簧鳴樂器合奏」的健力士世界紀錄。 參加者何小朋友稱：「我一開始學的時候，覺得中樂是很難的樂器，想傳承下去。在啟德演出很難忘。」 貴州苗族參加者楊小姐說：「我們是少數民族，會走路開始就會這個東西，代表著一種民族信仰。」 參加者羅女士表示：「當然是很興奮，因為我們都年紀很大，希望有生之年都能做一些偉大的事。」 政務司司長陳國基出席啟動禮時，都一起演奏。主辦方希望藉活動宣揚中樂。對於政府去年度，對九大藝團撥款削減約百分之2，中樂團表示會積極應對。 香港中樂團藝術總監終身指揮閻惠昌指出：「我相信困難是暫時的，不論政府是否縮減，我們還是努力地去爭取社會上的贊助，但是我們藝術的創造、活動，沒有減少。文化是一種軟實力，它是潛移默化地會影響我們的市民，讓我們市民更具有文化素質。」 今年9月亦會舉行一場音樂會，來自世界各地的著名笙演奏家，會來港與中樂團合奏演出。

On February 17, 2026, Fort Baker Capital Management disclosed a new position in Clearwater Analytics (NYSE:CWAN) , acquiring 1,529,288 shares worth $36.89 million in the fourth quarter. According to a filing with the Securities and Exchange Commission dated February 17, 2026, Fort Baker Capital Management reported acquiring 1,529,288 shares of Clearwater Analytics (NYSE:CWAN) . The estimated value of this new position was $36.89 million at quarter’s end. Clearwater Analytics Holdings operates at scale with a technology-driven platform designed to streamline investment data management and reporting for institutional clients. Its strategy focuses on delivering comprehensive, cloud-based solutions that integrate with both proprietary and third-party systems, enabling clients to achieve operational efficiency and regulatory compliance. The company's competitive edge lies in its ability to offer real-time, automated investment accounting and analytics, positioning it as a key partner for organizations managing complex investment portfolios. Continue reading

Key Points Stadium Capital ManagementLC added 72,000 shares of LCI Industries in the fourth quarter, an estimated $7.66 million trade based on quarterly average pricing. Meanwhile, the quarter-end position value increased by $11.44 million, reflecting both additional shares and stock price appreciation. Post-trade, the fund holds 167,923 shares valued at $20.38 million. 10 stocks we like better than LCI Industries › On February 17, 2026, Stadium Capital Management disclosed a buy of 72,000 LCI Industries (NYSE:LCII) shares, an estimated $7.66 million trade based on quarterly average pricing. What happened According to a Securities and Exchange Commission (SEC) filing, Stadium Capital Management increased its position in LCI Industries by 72,000 shares during the fourth quarter. The estimated transaction value was $7.66 million, calculated using the quarter’s average closing price. The fund’s quarter-end holding was 167,923 shares, with the value of the position rising by $11.44 million, a change that includes both trading activity and stock price movement. What else to know The move was a buy, taking the LCI Industries stake to 23.6% of Stadium Capital Management LLC’s 13F AUM. Top holdings after the filing: NASDAQ:SNBR: $22.14 million (25.6% of AUM) NYSE:LCII: $20.38 million (23.6% of AUM) NYSE:BC: $17.31 million (20.1% of AUM) NYSE:BLDR: $16.35 million (18.9% of AUM) NYSE:DKS: $6.99 million (8.1% of AUM) As of Friday, shares of LCI Industries were priced at $117.48, up about 32% over the past year and well outperforming the S&P 500’s roughly 15% gain in the same period. Company overview Metric Value Revenue (TTM) $4.1 billion Net Income (TTM) $188.25 million Dividend Yield 4% Price (as of Friday) $117.48 Company snapshot LCI Industries manufactures and supplies engineered components for recreational vehicles (RVs), including chassis, suspension systems, doors, windows, furniture, appliances, and towing products. The company operates through OEM and aftermarket seg...

The jury was told how MacDowell, who was living near Inverness at the time and better known by the name Bill MacDowell, was company secretary at a building firm owned by MacRae's estranged husband, Gordon. MacDowell was sacked over the affair.

格隆汇3月22日｜美国农业部长布鲁克·罗林斯表示，将公布更多与增加化肥运输量相关的公告。

Micron reported earnings per share of $7.59 for its previous fiscal year. In the first half of the current fiscal year, that metric has more than doubled. Company leadership has provided an earnings per share forecast for the third fiscal quarter that exceeds the result from the first half of the year. Historically, the memory market has experienced pronounced cycles tied to upgrades in consumer and business devices. The current expansion, driven by artificial intelligence, may represent a shift. The growth of new technologies and services is accelerating the scale of AI models. As AI inference moves from testing to broader implementation, the requirement for advanced memory is expected to intensify. The high-bandwidth memory market is projected to expand annually and reach a substantial size by the end of the decade. Demand for high-bandwidth memory is rising as major technology firms deploy extensive graphics processing unit clusters in data centers. This demand is part of a broader investment in AI infrastructure. Micron's current and next-generation high-bandwidth memory products are fully allocated for the current calendar year, enabling stronger pricing and improved profitability across its memory chip portfolios. The company is seen as well-placed to grow its revenue and earnings as large technology companies continue to invest in memory and storage capacity. Micron Technology has become a notable entity in the semiconductor sector related to artificial intelligence, according to a recent report from Yahoo Finance. The company's share price has increased significantly over the past half-year and is now trading near $440. This report provides a comprehensive view of the memories industry in the United States, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory...

Ronald Araújo’s header helped Barcelona extend their lead over Real Madrid at the top of La Liga to seven points with a tight 1-0 win over Rayo Vallecano on Sunday. Álvaro Arbeloa’s Real Madrid host Atlético Madrid, who are fourth, later on in a derby clash. Araújo nodded home João Cancelo’s corner after 24 minutes to secure the three points at Camp Nou but goalkeeper Joan García’s superb display played just as big a part in their victory. Hansi Flick’s side were caught snoozing in the opening stages but García made a fine save to deny Carlos Martín from close range. Called up by Luis de la Fuente to the Spanish national team, García made several excellent saves to keep Rayo at bay, with the Madrid side dominant in the second half. And Flick told DAZN: “Joan is a fantastic player, and he’s showing why we signed him last summer. He was outstanding today.” At the other end Raphinha was guilty of profligate finishing. The winger scuffed wide after picking Pathé Ciss’s pocket and charging through on goal. A few minutes later Ciss appeared to bring down Lamine Yamal in the area but the Barcelona player’s appeals were ignored by the referee. Lamine Yamal’s superb cross, with the outside of his boot, created another fine chance for Raphinha but the Brazilian’s mis-hit effort was tipped over by Augusto Batalla. The champions took the lead through Araújo’s header from João Cancelo’s corner midway through the first half. Araújo has not featured much since taking a mental health break late last year, but came on as a substitute in Barça’s 7-2 Champions League rout of Newcastle in midweek. With Eric García rested, Flick started the Uruguayan at right-back and was rewarded with what proved to be the winner. The Catalans came close to a second after the interval but Lamine Yamal dragged a low effort across the face of goal. Rayo then took control and started generating dangerous chances as they searched for an equaliser. Joan García denied Alvaro García and then produced a specta...

Now that Netflix (NFLX +0.14%) has bowed out of the Warner Bros. Discovery negotiations, investors can focus their attention on the fundamentals of the business. And they remain in great shape. Netflix added about 23 million subscribers in 2025. And its profits keep rising; net income was up 26% last year. The company is making a major move in the advertising space. Revenue here surged 150% in 2025 to $1.5 billion. Does this notable trend make Netflix a no-brainer buy for investors with $2,000 (or any amount, really) available to purchase stock? Ads are a tiny but rapidly growing sales driver The growth that the ad segment is generating might be a surprise development for longtime Netflix followers. It wasn't all that long ago that Reed Hastings, co-founder and previous CEO, said that the streaming platform would never display ads. Perhaps he thought it would undermine the viewing experience. In an effort to drive growth, companies will nearly always entertain initiatives that they previously shunned. It looks like Netflix made the right move. It was revealed last year that in May, the ad-based subscription tier had 94 million monthly active users, as it caters to and captures a price-sensitive consumer base. Ad sales jumped 150% in 2025 to $1.5 billion, representing a tiny 3% fraction of the overall revenue base. Nonetheless, the growth is hard to ignore. Management predicts that it will double in 2026. With its 325 million subscribers and 8.8% share of daily TV viewing time in the U.S., Netflix certainly has the reach and engagement that advertisers might salivate over. And the business plans to continue capitalizing. Netflix has been developing its own advertising platform, which can improve the ad-buying experience, targeting capabilities, and outcomes for these customers. Artificial intelligence is also being leveraged. Expand NASDAQ : NFLX Netflix Today's Change ( 0.14 %) $ 0.13 Current Price $ 91.87 Key Data Points Market Cap $388B Day's Range $ 90.70 - $ 91....

Key Points After first resisting the move to introduce ads, this initiative is set to generate revenue of $3 billion for Netflix in 2026. The company's focus on developing its own advertising platform will only improve the capabilities it can offer to these customers. At the current valuation, Netflix shares have no room for error, even though competition has never been more intense. 10 stocks we like better than Netflix › Now that Netflix (NASDAQ: NFLX) has bowed out of the Warner Bros. Discovery negotiations, investors can focus their attention on the fundamentals of the business. And they remain in great shape. Netflix added about 23 million subscribers in 2025. And its profits keep rising; net income was up 26% last year. The company is making a major move in the advertising space. Revenue here surged 150% in 2025 to $1.5 billion. Does this notable trend make Netflix a no-brainer buy for investors with $2,000 (or any amount, really) available to purchase 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 » Ads are a tiny but rapidly growing sales driver The growth that the ad segment is generating might be a surprise development for longtime Netflix followers. It wasn't all that long ago that Reed Hastings, co-founder and previous CEO, said that the streaming platform would never display ads. Perhaps he thought it would undermine the viewing experience. In an effort to drive growth, companies will nearly always entertain initiatives that they previously shunned. It looks like Netflix made the right move. It was revealed last year that in May, the ad-based subscription tier had 94 million monthly active users, as it caters to and captures a price-sensitive consumer base. Ad sales jumped 150% in 2025 to $1.5 billion, representing a tiny 3% fraction of the overall revenue base. Nonetheless, the...

Another Manic Monday Coming Submtted By Peter Tchir of Academy Securities I expect that we will see a lot of “green dots” on the Bloomberg Terminal Sunday night, as there was almost no asset (other than energy) up on Friday. I do know that my Monday will start bright and early, at 5am on CNBC. Away from that everything is a bit up in the air. There are headlines that can push us in either direction. Some developments that seem good, some that seem bad, some that seem weird, and some that are just downright confusing and/or contradictory. Transiting the Strait There seem to be three possibilities to transiting the Strait: Please see Thursday’s SITREP U.S. Expected to Conduct Strait Transit This Month . On Saturday morning Admiral Cooper, in a video on X, said “ Iran’s ability to threaten freedom of navigation in and around the Strait of Hormuz is degraded .” The report went on to list other actions being taken to knock out the capability of Iran to target ships in the Strait. This fits Academy’s view that the U.S. is actively taking steps to prepare for safe transit. More countries have signed the Joint Statement expressing a “readiness to contribute to appropriate efforts to ensure safe passage through the Strait .” A bit “wishy-washy” at best, and went to great pains to reference the United Nations and International Energy Agency, and avoid referencing America. Not sure if this does much, but it is a step in the right direction. If we are going to stick to the “Manic Monday” theme, this reminds me of the line, “blame it on the train, but the boss is already there.” Mounting “chatter” that Iran is “selling safe passage” for about $2 million per ship. I did get some secondhand confirmation from a trusted source that these discussions are in fact occurring. Unclear how effective they will be. All of these things are “encouraging” in terms of shipping. A U.S.-led (or even solely U.S.) effort to encourage ships to transit the Strait is the most promising in terms of bei...

Micron Technology (MU 4.89%) just turned in one of the most impressive quarterly reports you'll ever see, although the stock was unable to gain any traction following its results. The stock was already up a whopping 350% over the past year going into the report, and it looked like a classic sell-the-news type of event. Let's take a closer look at the memory maker's results and prospects to see whether the stock can regain its momentum. Micron is hitting on all cylinders Micron is benefiting from a surge in memory prices, as both DRAM (dynamic random-access memory) and NAND (flash) memory remain in short supply due to the artificial intelligence (AI) infrastructure build-out. Nearly 80% of Micron's revenue is derived from DRAM, with the remainder largely from NAND. The company is one of the three major DRAM manufacturers. The DRAM market is currently being driven by high demand for high-bandwidth memory (HBM), which is packaged with AI chips, such as graphics processing units (GPUs), to optimize performance. Adding to the supply-demand issues is the fact that HBM requires upwards of 3 times the wafer capacity of ordinary DRAM. Micron expects both the DRAM and NAND markets to remain capacity-constrained beyond this calendar year. It is currently expanding its manufacturing capacity to meet long-term demand trends. As such, it raised its capital expenditure (capex) budget to $25 billion this fiscal year. Management said that as AI evolves, it expects AI infrastructure to become even more memory-intensive. Overall, for its fiscal second quarter, Micron reported that its revenue increased from $8.05 billion to $23.86 billion, exceeding the $20.07 billion consensus, as compiled by LSEG. DRAM revenue more than tripled to $18.8 billion, while NAND revenue was up by more than 2.5 times to $5 billion. Other revenue rose 27% to $95 million. Expand NASDAQ : MU Micron Technology Today's Change ( -4.89 %) $ -21.74 Current Price $ 422.53 Key Data Points Market Cap $476B Day's Rang...