In this article HXSCL HXSCL Follow your favorite stocks CREATE FREE ACCOUNT The Nasdaq will rise to 30,000 points in the next year as a bumper earnings season continues to bolster enthusiasm for AI stocks, Dan Ives, managing director at Wedbush Securities, told CNBC's Squawk Box Europe on Monday. A solid tech earnings season has seen investor jitters earlier this year replaced with bullishness ove...
In this article HXSCL HXSCL Follow your favorite stocks CREATE FREE ACCOUNT The Nasdaq will rise to 30,000 points in the next year as a bumper earnings season continues to bolster enthusiasm for AI stocks, Dan Ives, managing director at Wedbush Securities, told CNBC's Squawk Box Europe on Monday. A solid tech earnings season has seen investor jitters earlier this year replaced with bullishness over the AI infrastructure buildout. At close on Friday the Nasdaq Composite ended at 26,247.08, marking a 12.93% increase so far this year. "These earnings have validated the AI bullish thesis," Ives said. "Demand and supply is 10-1 for chips. We are in the early days still of the AI revolution. The haters will hate, and we know that." Michael Burry of "Big Short" fame on Friday warned that the stock market's fixation on AI is beginning to resemble the final stages of the dot-com bubble. "Stocks are not up or down because of jobs or consumer sentiment," Burry wrote. "They are going straight up because they have been going straight up. On a two letter thesis that everyone thinks they understand. ... Feeling like the last months of the 1999-2000 bubble." But Ives is backing the AI rally to continue for another two years. "It's a memory super-cycle," he said, referring to the unprecedented demand for memory chips sparked by a rapid AI infrastructure buildout. "When it comes to SK Hynix [and other memory companies] we're very bullish in what we're seeing there." "It's about playing the hyperscalers — of course chips, then you have to play software, cybersecurity, infrastructure [and] power. You can't just own one subsector, you have to own the derivative plays," Ives said. Stock Chart Icon Stock chart icon Nasdaq composite. Over the past month, Nasdaq's PHLX Semiconductor Sector Index — comprising the 30 largest U.S.-traded chip companies — has soared 38%. Intel , Nvidia , Apple and Alphabet have all enjoyed double-digit growth. Paul Tudor Jones, founder and chief investment offi...
Par Pacific Holdings ( PARR ) said on Monday that it intends to offer $500M in aggregate principal amount of senior unsecured notes due 2034 in a private placement. The company said it intends to use net proceeds from the offering, together with cash on hand or borrowings under the ABL Credit Facility, to repay all the outstanding principal and terminate Par Petroleum’s term loan due in 2030. Sour...
Par Pacific Holdings ( PARR ) said on Monday that it intends to offer $500M in aggregate principal amount of senior unsecured notes due 2034 in a private placement. The company said it intends to use net proceeds from the offering, together with cash on hand or borrowings under the ABL Credit Facility, to repay all the outstanding principal and terminate Par Petroleum’s term loan due in 2030. Source: Press Release More on Par Pacific Par Pacific: Riding The Wave Of The Next Refining Mega-Cycle (Rating Upgrade) Par Pacific Holdings: Still The Winner I Saw Last Time Par Pacific expects Q2 Hawaii throughput of 77,000-81,000 bpd amid late-June turnaround Par Pacific slides as earnings miss overshadows refining gains
Standard Motor Products ( SMP ) announced on Monday that COO James Burke will step down from his role effective June 1, 2026, after 47 years with the company. James Burke will remain with the executive advisor and continue serving on the company's BOD to support leadership transition and strategy. The company also announced that Sunil Bhandari will join the company as the new COO from June 1, 2026...
Standard Motor Products ( SMP ) announced on Monday that COO James Burke will step down from his role effective June 1, 2026, after 47 years with the company. James Burke will remain with the executive advisor and continue serving on the company's BOD to support leadership transition and strategy. The company also announced that Sunil Bhandari will join the company as the new COO from June 1, 2026, overseeing global operations. Source: Press Release More on Standard Motor Products Standard Motor Products, Inc. 2026 Q1 - Results - Earnings Call Presentation Standard Motor Products, Inc. (SMP) Q1 2026 Earnings Call Transcript Standard Motor Products: Mr. Market Continues To Undervalue This Automotive Play Standard Motor Products outlines 2026 adjusted EBITDA margin of 11% to 12% while targeting 2x leverage by year-end Standard Motor Products Q1 2026 Earnings Preview
Sundry Photography Applied Materials ( AMAT ) was in focus on Monday as Cantor Fitzgerald upped its price target on the semiconductor equipment maker ahead of its fiscal second-quarter earnings report, set to be released on May 14. “We look for AMAT to provide a beat and raise and for management to highlight a robust demand environment similar to commentary from SPE peers this earnings cycle,” ana...
Sundry Photography Applied Materials ( AMAT ) was in focus on Monday as Cantor Fitzgerald upped its price target on the semiconductor equipment maker ahead of its fiscal second-quarter earnings report, set to be released on May 14. “We look for AMAT to provide a beat and raise and for management to highlight a robust demand environment similar to commentary from SPE peers this earnings cycle,” analyst C.J. Muse wrote in a note to clients. “We believe that AMAT now likely has visibility extending into CY28 with customers sharing build plans to facilitate today’s multi-year investment cycle. With this as a backdrop, we continue to expect Applied’s CY26 revenues to approach $35.0B (cons. $33.6B), supporting the EPS stretch goal of $13.50 (vs. current consensus of $12.13 and expectations for consensus to move to $12.50 post conference call). Moreover, as we expect the cycle to continue at least through CY28, we continue to point to the stretch goal of CY28 EPS of $21.50. With shares at 20x, we continue to see material upside.” Muse reiterated his Overweight rating on Applied Materials and upped his price target to $550 from $500. More on Applied Materials Applied Materials: Supplying Intel Comes With Its Perks Applied Materials: The Next Correction Candidate Applied Materials: A Picks And Shovels Play On The AI Chip Revolution Earnings week ahead: BABA, CSCO, PLUG, AMAT, JD, and more 19 of 20 S&P 500 tech companies beat EPS estimates: Earnings scorecard
Streamex ( STEX ) on Monday said it continues to expand its tokenized commodities platform and expects steady growth in assets under management for its GLDY product after resolving early onboarding issues, according to a May shareholder update. The company said GLDY, its gold-backed yield-bearing tokenized asset, has successfully tracked gold prices, paid its first dividend, and completed core inf...
Streamex ( STEX ) on Monday said it continues to expand its tokenized commodities platform and expects steady growth in assets under management for its GLDY product after resolving early onboarding issues, according to a May shareholder update. The company said GLDY, its gold-backed yield-bearing tokenized asset, has successfully tracked gold prices, paid its first dividend, and completed core infrastructure development. Streamex added that it is now focused on scaling distribution through institutional trading venues, wealth-manager platforms, retirement-account custodians, and secondary trading infrastructure. Streamex also said it plans to expand beyond gold into additional commodity-backed products tied to silver, copper, oil and gas, royalties, and streams. The company reported more than $40 million in liquid assets and securities at quarter-end and said it remains well-capitalized for future growth initiatives. More on Streamex Corp. Streamex Corp. (STEX) Q4 2025 Earnings Call Transcript Streamex: Valuation Is Still Difficult To Justify Seeking Alpha’s Quant Rating on Streamex Corp. Historical earnings data for Streamex Corp. Financial information for Streamex Corp.
Market pullbacks can happen when investors least expect it, when there are fewer risks on the radar or complacency about the existing slate of risks on the table. While market corrections can be scary to move through, I think that the most horrific thing about corrections is the potential to impair one’s returns by attempting ... History Suggests Market Pullbacks Hit Tech Harder — Here Are the Two...
Market pullbacks can happen when investors least expect it, when there are fewer risks on the radar or complacency about the existing slate of risks on the table. While market corrections can be scary to move through, I think that the most horrific thing about corrections is the potential to impair one’s returns by attempting ... History Suggests Market Pullbacks Hit Tech Harder — Here Are the Two Names at Risk Right Now
Wordle could be the next great game show. NBC has greenlit a game show version of The New York Times ' popular puzzle game, and it's set to debut in 2027 with Savannah Guthrie as the host. The show will be produced by Universal Television Alternative Studio "in partnership with" Jimmy Fallon's production company and the NYT , according to a press release. Here's an overview of how the new "fast-pa...
Wordle could be the next great game show. NBC has greenlit a game show version of The New York Times ' popular puzzle game, and it's set to debut in 2027 with Savannah Guthrie as the host. The show will be produced by Universal Television Alternative Studio "in partnership with" Jimmy Fallon's production company and the NYT , according to a press release. Here's an overview of how the new "fast-paced format" will work in game show form, from the NYT : The series will feature teams of players competing to solve five-letter word puzzles in a high-energy, collaborative environment, translating the core elements of Wordle into a new kind of view … Read the full story at The Verge.