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gazanfer/iStock via Getty Images The relentless melt up in stock prices continued yesterday in what feels like the most powerful bull market that I can remember since 1999. I say that because all news is interpreted as good news, and what is clearly bad is completely ignored. This market isn’t climbing a wall of worry. It is plowing right through it. I have no complaints. I have been gradually inc...
gazanfer/iStock via Getty Images The relentless melt up in stock prices continued yesterday in what feels like the most powerful bull market that I can remember since 1999. I say that because all news is interpreted as good news, and what is clearly bad is completely ignored. This market isn’t climbing a wall of worry. It is plowing right through it. I have no complaints. I have been gradually increasing liquidity as stocks keep climbing so that I am better positioned for the next inevitable pullback, which I think will ensue once we move past this earnings season. It is much easier to do this when you are taking profits with the major market indexes at extremely overbought levels. Stock index charts (Finviz) I suspect the blow off top for this bull run comes with the conclusion of the war in Iran. It seems clear that the Trump administration wants to end this as soon as possible with gas prices soaring and poll numbers showing the conflict is extremely unpopular. The administration asserts that the ceasefire is holding and that Project Freedom is a defensive and temporary operation to reopen the strait. Yet Iran is firing missiles and drones at ships trying to cross, including the US Navy. Evidently, this doesn’t seem to matter. The fact that Trump administration officials are ignoring Iran’s escalation, asserting the military operations are over, and transitioning to what they call an economic war tells me the President has had enough. Stocks at highs (Bloomberg) Just two days after President Trump announced Project Freedom he is “pausing” at the request of Pakistan to see if an agreement between the US and Iran can be finalized and signed. Again, this tells me he is looking for an exit strategy that reopens the strait and ends the military conflict in a way that brings oil prices sharply lower. Project Freedom managed to escort 13 commercial vessels through the strait over a two-day period, while being attacked with missiles and drones. There are some 1,500 vesse...
(RTTNews) - While reporting financial results for the first quarter on Wednesday, electric utility Exelon Corp. (EXC) affirmed its adjusted operating earnings guidance for the full year 2026 in the range of $2.81 to $2.91 per share.
(RTTNews) - While reporting financial results for the first quarter on Wednesday, electric utility Exelon Corp. (EXC) affirmed its adjusted operating earnings guidance for the full year 2026 in the range of $2.81 to $2.91 per share.
buradaki/iStock via Getty Images Thesis This would mark the third time I’ve covered Firefly Aerospace Inc. ( FLY ), a small-launch and lunar mission provider . In my last report, I rated it a Hold while noting that its ability to continue signing contracts was offset by its large increase in cash burn and lack of a clearly defined path to profitability. Firefly Aerospace Inc. is growing fast but s...
buradaki/iStock via Getty Images Thesis This would mark the third time I’ve covered Firefly Aerospace Inc. ( FLY ), a small-launch and lunar mission provider . In my last report, I rated it a Hold while noting that its ability to continue signing contracts was offset by its large increase in cash burn and lack of a clearly defined path to profitability. Firefly Aerospace Inc. is growing fast but still deeply unprofitable and burning cash. (Seeking Alpha) What I’m looking for here in this update is the piece of the puzzle I’m missing, because since then the stock has climbed about 36%, comfortably ahead of the S&P 500 ( SP500 ) at roughly 12%. Seeking Alpha That noted, the momentum has been letting off some steam in the last couple of weeks. So with that context in mind, after breaking down Firefly Aerospace’s Q1 2026 earnings , I’m still leaning neutral because its core problems still exist, such as profitability still being far away, constant cash burn, and its bull case relying purely on perfect execution of multiple government-run programs that still have a lot of uncertainty surrounding them. Can Firefly Grow Fast Enough To Fix Its Weak Economics? Q1 2026 revenue : $80.88M / $80.9M Revenue beat: $5.95M Q4 2025 revenue: $57.7M Q1 2025 revenue: $55.9M Spacecraft solutions revenue: $67.6M Launch revenue: $13.3M FORGE engineering change proposal: $109M Space-Based Interceptor contracts total: up to $3.2B Alpha Flight 7: completed all mission objectives. The company generated more revenue than Wall Street thought it would, which is all well and good, but before we crack open those bottles of champagne, let’s take a closer look at the main reasons why they did this. The primary reason behind the difference was that they now recognized a full quarter’s revenue from SciTec, which was acquired in late 2025 . In addition to that, they also got paid on two large military software programs, FORGE and Golden Dome Space-Based Interceptor. They launched a rocket called Alpha ;...
Tech futures are pointing to a strong open, with the Nasdaq Composite (^IXIC) leading the charge with a 1% increase on the heels of yesterday’s record-setting performance. Gains arrive on the back of blowout chip earnings and a sharp retreat in crude prices tied to signs of diplomatic progress between Washington and Tehran. AMD (Nasdaq: ... Tech Stocks Rocket Higher on Chip Strength, Easing Oil an...
Tech futures are pointing to a strong open, with the Nasdaq Composite (^IXIC) leading the charge with a 1% increase on the heels of yesterday’s record-setting performance. Gains arrive on the back of blowout chip earnings and a sharp retreat in crude prices tied to signs of diplomatic progress between Washington and Tehran. AMD (Nasdaq: ... Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes
Beneath the surface of the world’s oceans lies an infrastructure so essential, modern life would stall without it – yet so invisible it rarely enters public debate. Submarine cables, slender fibre-optic systems laid across the seabed, carry over 95 per cent of global internet traffic, transmitting the data that underpins financial markets, diplomatic exchanges and everyday communication. What appe...
Beneath the surface of the world’s oceans lies an infrastructure so essential, modern life would stall without it – yet so invisible it rarely enters public debate. Submarine cables, slender fibre-optic systems laid across the seabed, carry over 95 per cent of global internet traffic, transmitting the data that underpins financial markets, diplomatic exchanges and everyday communication. What appears to be neutral infrastructure is, in fact, a deeply political system – one that exposes a...