Micron Technology (NASDAQ:MU) stock is up roughly 6% Monday morning, extending a 7.3% surge on Friday that followed news of Micron Technology’s completed acquisition of a new Taiwan manufacturing site. With earnings arriving in just two days, the stock is running on both a structural expansion story and a near-term catalyst that traders are already ... Micron Jumps 6% on Taiwan Factory Acquisition...
Micron Technology (NASDAQ:MU) stock is up roughly 6% Monday morning, extending a 7.3% surge on Friday that followed news of Micron Technology’s completed acquisition of a new Taiwan manufacturing site. With earnings arriving in just two days, the stock is running on both a structural expansion story and a near-term catalyst that traders are already ... Micron Jumps 6% on Taiwan Factory Acquisition and Looming Earnings Catalyst
Quick Read Micron (MU) acquired Powerchip’s Taiwan P5 manufacturing site, adding 300,000 square feet of clean-room space for DRAM and HBM production, with meaningful shipments expected by fiscal 2028 and a second facility planned for end of fiscal 2026. The company reports Q2 FY2026 results Wednesday with guidance of $18.7B revenue and $8.42 non-GAAP EPS, with prediction markets placing a 97.55% p...
Quick Read Micron (MU) acquired Powerchip’s Taiwan P5 manufacturing site, adding 300,000 square feet of clean-room space for DRAM and HBM production, with meaningful shipments expected by fiscal 2028 and a second facility planned for end of fiscal 2026. The company reports Q2 FY2026 results Wednesday with guidance of $18.7B revenue and $8.42 non-GAAP EPS, with prediction markets placing a 97.55% probability of beating consensus estimates. Micron’s 2026 HBM capacity is completely sold out as AI-driven memory demand continues to exceed supply, positioning the company to capture revenue from competitors unable to meet global demand through 2027. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Micron Technology (NASDAQ:MU) stock is up roughly 6% Monday morning, extending a 7.3% surge on Friday that followed news of Micron Technology's completed acquisition of a new Taiwan manufacturing site. With earnings arriving in just two days, the stock is running on both a structural expansion story and a near-term catalyst that traders are already pricing in. The year-to-date picture is striking. Micron Technology shares have gained 49% since the start of 2026, rising from $285.41 to $450. Over the past year, MU stock is up 349%. Read: Data Shows One Habit Doubles American’s Savings And Boosts Retirement Most Americans drastically underestimate how much they need to retire and overestimate how prepared they are. But data shows that people with one habit have more than double the savings of those who don’t. Taiwan Acquisition Adds Capacity for the AI Memory Buildout Micron Technology completed the acquisition of Powerchip Semiconductor Manufacturing Corporation's P5 site in Tongluo, Taiwan. The site adds approximately 300,000 square feet of cleanroom space to support DRAM and high-bandwidth memory production for AI-driven demand. Retrofitting begins immediately, with meaningful produ...
Torsten Asmus The S&P 500’s ( SP500 ) trajectory will ultimately be determined by its two largest sectors—financials ( XLF ) and tech ( XLK )—regardless of near-term geopolitical pressures, according to Gina Martin Adams, chief market strategist for HB Wealth. While oil prices ( CL1:COM ), ( CO1:COM ), and war-related concerns may dominate headlines, Adams emphasized that the “bigger picture outlo...
Torsten Asmus The S&P 500’s ( SP500 ) trajectory will ultimately be determined by its two largest sectors—financials ( XLF ) and tech ( XLK )—regardless of near-term geopolitical pressures, according to Gina Martin Adams, chief market strategist for HB Wealth. While oil prices ( CL1:COM ), ( CO1:COM ), and war-related concerns may dominate headlines, Adams emphasized that the “bigger picture outlook will depend on cues from the two largest sectors in the S&P 500 (SP50).” S&P 500 depends heavily on financials’ cue (Bloomberg, HB Wealth ) Both sectors were struggling well before recent conflicts emerged, and resolution of those conflicts is unlikely to change their fundamental challenges. The technology sector’s ( XLK ) struggles are directly tied to the artificial intelligence buildout, the strategist noted. Free cash flow has become the critical metric to watch, as hyperscalers have nearly tripled the losses of the broad market this year amid declining FCF. Adams explained that “the race to build AI infrastructure likely assures tech performance remains constrained” as companies pour capital into expanding their AI capabilities. Financials ( XLF ) have fared even worse than tech, according to Adams, as the sector grapples with shifting expectations around private credit. The strategist described the sector as “struggling with an ongoing reset of expectations for private credit.” Intriguingly, this decline is also connected to the AI cycle, she noted, given that software ( IGV ), ( IGPT ), ( XSW ), ( AOTS ) valuations are at the core of the repricing affecting financial institutions. Historical data underscores just how critical these two sectors are to overall market direction. When financials decline, the S&P 500 ( SP500 ) follows 75% of the time. When both financials ( XLF ) and tech ( XLK ) decline together, that correlation jumps to 94%, noting that “the vast majority of the time the market moves in the direction of these two sectors.” With both sectors already ...
Key Points Petco swung to profitability in fiscal 2025 after three years. This is a strong buy signal. With 1,382 stores acting as service hubs, Petco can offer services that online rivals like Chewy simply can’t replicate. 10 stocks we like better than Petco Health and Wellness › Petco Health and Wellness (NASDAQ: WOOF) just posted its first profitable year since 2022, and the stock surged 34.6% ...
Key Points Petco swung to profitability in fiscal 2025 after three years. This is a strong buy signal. With 1,382 stores acting as service hubs, Petco can offer services that online rivals like Chewy simply can’t replicate. 10 stocks we like better than Petco Health and Wellness › Petco Health and Wellness (NASDAQ: WOOF) just posted its first profitable year since 2022, and the stock surged 34.6% in a single session. The stock is up over 52% in the last week, so the question now is, "Is the dip already over, or is there still meat on this bone?" Let's start with the numbers that matter. In fiscal 2025 (ended Jan. 31, 2026), Petco swung from a $101.8 million net loss to a $9.1 million net profit. Operating cash flow surged 77% to $314.1 million. The company voluntarily paid down $95 million in debt and ended the year with $256.7 million in cash, up $91 million from the prior year. Inventory fell 9.7% while sales declined just 2.5%, which means Petco is selling leaner, not just selling less. 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 » Debt refinancing helps return the company to profitability The leverage ratio improved from 4.2 to 3.0. That's the number that changes the risk profile entirely. A year ago, the market priced Petco like a company headed for a liquidity crisis. The stock dropped 30% over 120 days. But the balance sheet now tells a different story: debt refinanced to 2031, no near-term maturities, and enough cash flow to keep chipping away at the $1.5 billion in long-term debt. In other, simpler words, Petco improved its financial health in 2025, returning to profitability, boosting cash flow, reducing debt and inventory, and lowering leverage, thereby reducing the company's financial risk. CEO Joel Anderson calls the new phase "Reach for the Sky," and the name is less important than...
Key Points Constellation Energy may be a utility company, but it could deliver growth-like results for the foreseeable future. Nuclear power plants can’t function without enriched uranium; Centrus is positioned to capitalize on that demand. GE Vernova's nuclear-related business is quite modest right now, but it has the potential to grow substantially. 10 stocks we like better than Constellation En...
Key Points Constellation Energy may be a utility company, but it could deliver growth-like results for the foreseeable future. Nuclear power plants can’t function without enriched uranium; Centrus is positioned to capitalize on that demand. GE Vernova's nuclear-related business is quite modest right now, but it has the potential to grow substantially. 10 stocks we like better than Constellation Energy › Whether or not its leading stocks are in a bubble that's on the verge of being popped, there's no denying artificial intelligence (AI)is here to stay. The industry's chief challenge now is just a lack of capacity to meet demand. It's not simply a matter of building more AI data centers though. That's because AI requires a lot of electricity. Consider that a single generative AI query made of one of the planet's better-known AI-powered chatbots can consume enough electricity to power a light bulb or microwave for a few seconds or recharge your mobile phone's battery. That's not much in the grand scheme of things. But when a single artificial intelligence data center is handling millions of requests, it's enough to power all the homes in a small city. 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 » And this consumption is only set to swell from here. S&P Global Market Intelligence says AI data centers' use of electricity is apt to double between last year and 2030. Problem? The utility and power industry's production capacity is already strained, and renewables like solar and wind can't be put in place quickly enough to meet long-term demand. The best "clean energy" option that can be scaled up quickly enough -- as well as cost-effectively enough -- is nuclear power. To this end, the International Energy Agency expects worldwide nuclear power output to roughly double between now and 2050. With that a...
Key Events This Week: Central Banks Galore, PPI, And The War In Iran After Friday's revelation that it was the first consecutive monthly Friday 13th for 11 years, DB's Jim Reid writes that today's nearly-as-impressive revelation is that this week sees the Fed, ECB, BoJ and BoE all meet in a single calendar week for the first time since December 2021. So a "super week" for central banks. All of the...
Key Events This Week: Central Banks Galore, PPI, And The War In Iran After Friday's revelation that it was the first consecutive monthly Friday 13th for 11 years, DB's Jim Reid writes that today's nearly-as-impressive revelation is that this week sees the Fed, ECB, BoJ and BoE all meet in a single calendar week for the first time since December 2021. So a "super week" for central banks. All of them will have a very complex backdrop to deal with, shaped by geopolitical risk, volatile energy prices, and unsettled inflation dynamics. Clearly the Middle East is the center of attention for markets right now, with oil prices fluctuating rapidly depending on the mood of the moment, which in turn is set by rapid burst headlines which are stale by the time the next flashing red headline hits. And since every asset class now reacts to any up or down tick in oil, it leads to cross-asset chaos, to say the least. The bigger problem, of course, is that the longer the conflict lasts, and the higher oil prices rise, the more hawkish central banks will have to be no matter the AI-driven bloodbath in the labor market. Indeed, while the Iran war is set to dominate the week ahead, we do still have those four big central bank meetings, where all eyes will be on their reaction functions to the war’s impact and the latest oil shock. Starting with the Fed, DB economists expect them to keep rates unchanged this week and think they’ll emphasize elevated geopolitical uncertainty. They only expect minor statement tweaks, including smoothed language on recent labor data (especially given January and February’s conflicting payrolls) and a nod to geopolitical risks, highlighting uncertainty and near-term upside pressure on inflation. Then at the press conference, they think Chair Powell is likely to stress that recent events mainly transmit through financial conditions—particularly oil prices. For now, however, economists think he’ll avoid signalling any meaningful shift in the near term policy o...
US natural gas futures swung between slight gains and losses as traders weighed a cold shift in weather forecasts, indicating higher demand for the heating and power-plant fuel in the coming weeks, against falling oil prices. US gas futures have been following oil futures since the war broke out in the Middle East. The conflict spurred rising global energy prices, triggering financial inflows into...
US natural gas futures swung between slight gains and losses as traders weighed a cold shift in weather forecasts, indicating higher demand for the heating and power-plant fuel in the coming weeks, against falling oil prices. US gas futures have been following oil futures since the war broke out in the Middle East. The conflict spurred rising global energy prices, triggering financial inflows into baskets of energy and commodities, regardless of whether the market for each product is fundamentally affected by the war. US gas in the short term is largely insulated from an overseas supply shock, given US liquefied natural gas export terminals are already operating near maximum capacity. “This week for US natural gas may return to a more normal, fundamental view with US natgas breaking away and lower from the broader world crude and European natural gas issues,” said Darrell Fletcher , managing director of commodities at Bannockburn Capital Markets. Futures for April delivery -1.3c, or -0.4%, to $3.118/mmbtu on Nymex, as of 9:43am ET Weather: Forecasts shifted slightly colder, with below-average temperatures expected across the Southeast and Midwest through March 20: Commodity Weather Group Above-average temperatures were expected across the Western half of the US through March 25 See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Monday ~112.5 bcf/day, or +4.9% y/y Lower-48 total gas demand on Monday ~92.8 bcf/day, or +21.1% y/y Dry gas exports to Mexico on Monday ~5.1 bcf/day, or -22% w/w Lowest since Dec. 25, 2024 Estimated gas flows to LNG export terminals on Monday ~20.3 bcf/day, or +8.8% w/w Gas Market News: European Gas Follows Oil Higher as Strikes Continue in Mideast LNG WRAP: Asia Spot Prices Climb to $20 as Iran War Continues New US LNG Plant FID Will Cut Into Qatar’s Market Share: React Starmer Says UK Won’t Be Drawn Into Iran War After T...
PM Images/DigitalVision via Getty Images Key takeaways Small-cap equities recovered by year end. Small-cap stocks advanced in the fourth quarter, despite increased volatility that appeared primarily driven by the government shutdown and concerns about capital spending for artificial intelligence (AI). The fund underperformed its benchmark. Underperformance primarily stemmed from stock selection in...
PM Images/DigitalVision via Getty Images Key takeaways Small-cap equities recovered by year end. Small-cap stocks advanced in the fourth quarter, despite increased volatility that appeared primarily driven by the government shutdown and concerns about capital spending for artificial intelligence (AI). The fund underperformed its benchmark. Underperformance primarily stemmed from stock selection in health care, financials, real estate, materials and utilities. Stock selection in information technology (IT), industrials, consumer discretionary and consumer staples added to relative performance. We believe active management will be important in this environment. Strategic stock selection will be particularly crucial in navigating this market environment and the AI innovation wave, in our view. Investment objective The fund seeks long-term growth of capital. Fund facts Fund AUM ($M) 1,043.50 Click to enlarge Portfolio managers Juan Hartsfield, Davis Paddock Manager perspective and outlook Following the rally in low quality stocks that began in April and continued through the third quarter, US stocks finished the volatile fourth quarter with a rotation back to quality leadership. We believe 2026 will mark the inflection point where quality stocks reassert market leadership. Greater clarity of US Federal Reserve (Fed) monetary policy, a positive inflection in corporate earnings, continued US GDP growth and reduced tariff uncertainty should provide cyclical support for small-cap stocks, in our view. A cyclical shift to quality small-cap stocks, along with higher valuations due to mean reversion and private equity demand, should in our view provide structural support for the small-cap segment. Potential risks for small-cap stocks in 2026 include in our view higher-than-expected tariffs, a Fed policy error, geopolitics and mega-cap technology stocks continuing to absorb capital. The fund is positioned across profitable companies in secular growth industries, with what we see...
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Micron Technology (MU) shares experienced significant upward movement today, primarily driven by a major corporate announcement regarding its manufacturing capacity for artificial intelligence (AI) memory products. The company announced the completion of its acquisition of Powerchip Semiconductor Manufacturing Corporation's (PSMC) P5 site in Tongluo, Taiwan. Concurrently, Micron detailed plans to ...
Micron Technology (MU) shares experienced significant upward movement today, primarily driven by a major corporate announcement regarding its manufacturing capacity for artificial intelligence (AI) memory products. The company announced the completion of its acquisition of Powerchip Semiconductor Manufacturing Corporation's (PSMC) P5 site in Tongluo, Taiwan. Concurrently, Micron detailed plans to build a second manufacturing facility at the same site, aimed at significantly expanding its production of advanced DRAM and high-bandwidth memory (HBM), critical components for AI systems. This expansion directly addresses the escalating demand for memory chips, particularly those used in AI data centers, which has led to surging prices and tight supply across the industry. Shipments from the newly acquired facility are projected to commence in fiscal 2028, with construction on the second, similarly-scaled facility set to begin by the end of fiscal 2026. This strategic move by Micron is seen as a commitment to capitalize on the sustained growth in AI-driven memory requirements. The positive news is amplified by strong market sentiment and recent analyst activity. Several analysts have upgraded their ratings and raised price targets for Micron, citing the company's strong market position and the expectation of continued robust demand and pricing power in the memory sector, especially for AI-related products. The anticipation of Micron's upcoming fiscal second-quarter earnings report on March 18 also contributes to the current investor confidence, following previous strong financial performance and upbeat guidance. The broader macroeconomic backdrop of rising memory chip prices due to persistent demand and supply constraints further underpins the positive momentum observed in the stock.
Nigeria’s annual inflation rate eased marginally in February, giving consumers a small measure of temporary respite before fuel prices and transport costs began rising due to the Iran war. The annual inflation rate slowed to 15.06% in February from 15.1% the month before, data published by the National Bureau of Statistics on Monday showed. That was broadly in line with the median estimate of thre...
Nigeria’s annual inflation rate eased marginally in February, giving consumers a small measure of temporary respite before fuel prices and transport costs began rising due to the Iran war. The annual inflation rate slowed to 15.06% in February from 15.1% the month before, data published by the National Bureau of Statistics on Monday showed. That was broadly in line with the median estimate of three economists in a Bloomberg survey. The month-on-month inflation rate rose 2%, after falling 2.9% in January. The data was collected before the US and Israel began attacking Iran on Feb. 28, roiling the oil markets and disrupting supply chains. The price of gasoline in Africa’s top crude producer has jumped more than 30% since the fighting began, Bloomberg calculations show. A mega-refinery owned by billionaire Aliko Dangote - which supplies more than half of the gasoline and diesel consumed in the West African nation - has raised prices four times since the war began, driving up fares charged by buses and taxis used by most commuters. While the government plans to deploy hundreds of gas-powered buses to help bring down transport costs,the program will take some time to be fully implemented. Nigeria’s status as an oil producer has partially shielded it from the fallout of the war — its currency has dipped just 0.3% against the dollar over the past two weeks as compared with the South African rand’s almost 6% slump, helping contain imported inflation. The central bank has prepared contingency measures to stabilize the naira if it comes under pressure, Deputy Governor Muhammad Sani Abdullahi said in an interview in Abuja, the capital, last week. Food price growth rose to 12% from 8.9%, while core inflation eased to 15.9% from 17.7%. The Next Africa newsletter will run every weekday from March 2. Sign up here for the newsletter, and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .
(RTTNews) - Stock of Cogent Biosciences, Inc. (COGT) is gaining around 8 percent on Monday morning trading after the U.S. Food and Drug Administration accepted its New Drug Application for bezuclastinib in patients with NonAdvanced Systemic Mastocytosis, and assigned a Prescription Drug User Fee Act target action date of December 30, 2026. The company's shares are currently trading at $36.80 on th...
(RTTNews) - Stock of Cogent Biosciences, Inc. (COGT) is gaining around 8 percent on Monday morning trading after the U.S. Food and Drug Administration accepted its New Drug Application for bezuclastinib in patients with NonAdvanced Systemic Mastocytosis, and assigned a Prescription Drug User Fee Act target action date of December 30, 2026. The company's shares are currently trading at $36.80 on the Nasdaq, up 8.12 percent. The stock opened at $36.79 and has climbed as high as $37.18 so far in today's session. Over the past year, it has traded in a range of $3.72 to $43.73. The application was based on encouraging data from the pivotal SUMMIT trial, which demonstrated clinically meaningful and highly statistically significant improvements across the primary and all key secondary endpoints. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Simpar SA ’s head said a recently announced capital increase has marked a shift for the company, which will focus on generating more cash and lowering debt after years of rapid expansion. “Four or five years ago, we were building everything,” Chief Executive Officer Fernando Simões said in an interview in Sao Paulo last week. “Now it’s about doing more with less.” The conglomerate approved a capit...
Simpar SA ’s head said a recently announced capital increase has marked a shift for the company, which will focus on generating more cash and lowering debt after years of rapid expansion. “Four or five years ago, we were building everything,” Chief Executive Officer Fernando Simões said in an interview in Sao Paulo last week. “Now it’s about doing more with less.” The conglomerate approved a capital increase of up to 3.4 billion reais ($650 million), with the Brazilian development bank BNDES committing up to 1.35 billion reais through its investment arm. The deal, which was announced earlier this month, will also raise cash to subsidiaries including vehicle-leasing unit Movida, Vamos truck and machinery-rentals and logistics firm JSL. The move comes after several years of heavy investment across the group’s seven businesses, which faced increased borrowing costs as interest rates climbed in Brazil. Simões said part of the transaction involves replacing debt with equity as the company shifts away from its growth phase. On March 9, the board approved a new share buyback program and authorized management to enter into cash-settled derivative instruments linked to shares of the parent company and its listed subsidiaries. Citigroup analyst Filipe Nielsen wrote that the deal was marginally positive for Movida, Vamos and JSL, citing improved balance-sheet flexibility, though leverage remains elevated. Bank of America analysts led by Rogerio Araujo said the fresh capital reduces risk following liability restructuring measures. Simpar’s bonds have rallied this year, helped by expectations that Brazilian interest rates will fall and by the company’s pullback in spending. Its dollar notes have returned about 10% year-to-date, ranking among the top performers among Latin American corporate issuers. Simões said that evidence of the shift in priorities is already showing up in earnings. “If you look at our third quarter, you’ll see how much less capex we made — and how much reven...