2 months ago
An **** ysis of recent filings from American politicians shows that Accenture (NYSE: ACN) and Boston Scientific (NYSE: BSX) saw an uptick in purchases from notable politicians. Rep. Gilbert Ray Cisneros, Jr. (D-CA) bought Boston Scientific shares, according to a filing earlier this month. The trade was made on August 18, 2026. Rep. Ro Khanna (D-CA) also bought the stock twice, on August 3 and August 10, 2026, according to a filing filed on September 4, 2026. Neither politician sold Boston Scientific shares in the same period. Cisneros and Khanna were also the two buyers of Accenture shares in July and August.
This is based on data from Quiver Quantitative, a platform that tracks congressional stock trades from politicians.
Let's focus on BSX in this article.
BSX is down about 50% so far this year amid a cyberattack that disrupted manufacturing, order processing and shipments, forcing the company to withdraw its previous third-quarter and full-year outlook. Bulls say the market has priced in too severe an outcome. By Sept. 8, the company said its major distribution centers were shipping at or above normal levels, sterilization facilities were operating, and manufacturing had restarted at most plants. Bulls believe much of the disrupted revenue could be delayed rather than permanently lost as hospitals wait for products, reschedule procedures and the company works through its backlog.
Bulls also point to a business that was still growing. Second-quarter revenue rose 7.5% year over year and organic growth was 7%. Several core franchises delivered double-digit organic growth, including Interventional Cardiology and Vascular Therapies, Interventional Oncology and Embolization, and Neuromodulation.
#august #NYSE
This is based on data from Quiver Quantitative, a platform that tracks congressional stock trades from politicians.
Let's focus on BSX in this article.
BSX is down about 50% so far this year amid a cyberattack that disrupted manufacturing, order processing and shipments, forcing the company to withdraw its previous third-quarter and full-year outlook. Bulls say the market has priced in too severe an outcome. By Sept. 8, the company said its major distribution centers were shipping at or above normal levels, sterilization facilities were operating, and manufacturing had restarted at most plants. Bulls believe much of the disrupted revenue could be delayed rather than permanently lost as hospitals wait for products, reschedule procedures and the company works through its backlog.
Bulls also point to a business that was still growing. Second-quarter revenue rose 7.5% year over year and organic growth was 7%. Several core franchises delivered double-digit organic growth, including Interventional Cardiology and Vascular Therapies, Interventional Oncology and Embolization, and Neuromodulation.
#august #NYSE
2 months ago
On August 10, Red Violet Inc. (NASDAQ:RDVT) reported second-quarter 2026 results for the period ended June 30 that showed the company converting growth into profit at an accelerating clip. Revenue rose 23% to $26.7 million, and net income nearly doubled to $5 million. For a company built on selling identity intelligence to businesses, watching net margin move from 12% to 19% says that growth is not costing more to produce.
Gross profit climbed 29% to $20.2 million, pushing gross margin to 76% from 72%, while adjusted EBITDA jumped 48% to $11.2 million as its margin widened to 42% from 35%. Adjusted net income rose 58% to $7.2 million. Cash generation told the same story: operating cash flow increased 42% to a record $10.6 million for the quarter. None of that came from adding customers who barely move the needle. Red Violet signed on 447 new IDI customers in the quarter, a company record, ending with 10,869 customers on the platform.
FOREWARN, its product built for real estate agents, picked up 25,493 new users to reach 443,173, and 660 REALTOR ****** ociations across the country are now under contract to use it. The company also closed an underwritten public offering in August that sold 1,916,667 shares, including 250,000 shares from the underwriters' full exercise of their option, generating net proceeds of about $109.0 million. Between the funds already on hand and this new raise, Red Violet says it holds over $160 million in cash and carries no debt, money earmarked for working capital and possible acquisitions.
CEO Derek Dubner called it what he described as "the strongest pipeline of strategic initiatives" in the company's history. The company also repurchased 74,500 shares by June 30, paying $41.87 per share on average, and had $15.5 million left on its buyback authorization.
The August offering that padded Red Violet's cash balance also added 1,916,667 new shares to the count, arriving in the same year that per-share profit is climbing fastest. Diluted earnings came in a penny below basic at $0.34, and adjusted diluted earnings landed at $0.50 versus $0.51 on a basic basis, a gap new shares will only widen going forward. There is also a timing tension worth sitting with: Red Violet spent part of the quarter buying back its own stock at an average of $41.87 a share, then turned around weeks later and sold new shares to the public.
#million
Gross profit climbed 29% to $20.2 million, pushing gross margin to 76% from 72%, while adjusted EBITDA jumped 48% to $11.2 million as its margin widened to 42% from 35%. Adjusted net income rose 58% to $7.2 million. Cash generation told the same story: operating cash flow increased 42% to a record $10.6 million for the quarter. None of that came from adding customers who barely move the needle. Red Violet signed on 447 new IDI customers in the quarter, a company record, ending with 10,869 customers on the platform.
FOREWARN, its product built for real estate agents, picked up 25,493 new users to reach 443,173, and 660 REALTOR ****** ociations across the country are now under contract to use it. The company also closed an underwritten public offering in August that sold 1,916,667 shares, including 250,000 shares from the underwriters' full exercise of their option, generating net proceeds of about $109.0 million. Between the funds already on hand and this new raise, Red Violet says it holds over $160 million in cash and carries no debt, money earmarked for working capital and possible acquisitions.
CEO Derek Dubner called it what he described as "the strongest pipeline of strategic initiatives" in the company's history. The company also repurchased 74,500 shares by June 30, paying $41.87 per share on average, and had $15.5 million left on its buyback authorization.
The August offering that padded Red Violet's cash balance also added 1,916,667 new shares to the count, arriving in the same year that per-share profit is climbing fastest. Diluted earnings came in a penny below basic at $0.34, and adjusted diluted earnings landed at $0.50 versus $0.51 on a basic basis, a gap new shares will only widen going forward. There is also a timing tension worth sitting with: Red Violet spent part of the quarter buying back its own stock at an average of $41.87 a share, then turned around weeks later and sold new shares to the public.
#million
2 months ago
Tech stocks fell on Monday, as AI industry leaders raised concerns about the future of the technology and its potential to harm humans. The Nasdaq fell roughly 0.8% in early trading. The Philadelphia Semiconductor Index fell more than 4%.
The episode began last week when an Anthropic researcher announced he was leaving the company via a post on X, saying he didn't feel it was doing enough to keep AI in check.
Anthropic Alignment Science Lead, Evan Hubinger, responded the post saying the former Anthropic worker is correct and that he believes there is a greater-than-10 % chance that the technology could "kill all humans."
On Saturday, Anthropic CEO Dario Amodei posted an essay responding to the posts, calling on AI companies to slow the pace of frontier AI development. OpenAI CEO Sam Altman agreed.
And on Monday, Reuters reported that Microsoft is developing its own code of conduct for its AI models.
#anthropic #Monday #Tech
The episode began last week when an Anthropic researcher announced he was leaving the company via a post on X, saying he didn't feel it was doing enough to keep AI in check.
Anthropic Alignment Science Lead, Evan Hubinger, responded the post saying the former Anthropic worker is correct and that he believes there is a greater-than-10 % chance that the technology could "kill all humans."
On Saturday, Anthropic CEO Dario Amodei posted an essay responding to the posts, calling on AI companies to slow the pace of frontier AI development. OpenAI CEO Sam Altman agreed.
And on Monday, Reuters reported that Microsoft is developing its own code of conduct for its AI models.
#anthropic #Monday #Tech
2 months ago
Caterpillar Inc. (NYSE:CAT) is stepping up its push into AI-powered autonomy as the company looks to help customers build, move and power progress more safely and efficiently. On September 2, it announced a collaboration with FieldAI to advance the development of physical AI, autonomy and robotics.
The partnership could help accelerate Caterpillar's transition beyond the traditional sale of heavy equipment toward AI-enabled autonomous industrial systems. FieldAI is a potentially valuable partner because its AI models are designed to help robots perceive, understand, and navigate complex, unpredictable environments.
Caterpillar could combine FieldAI's technology with its equipment-engineering expertise and operational data to improve autonomous operations in challenging environments. Over time, the collaboration could complement Caterpillar's broader push toward increasingly autonomous equipment and workflows.
The FieldAI partnership could also strengthen Caterpillar Inc. (NYSE:CAT)'s autonomous opportunity in construction. Caterpillar already has extensive experience with autonomous mining equipment, but construction presents a potentially much larger and more complex opportunity.
The biggest opportunity could come from deploying autonomous equipment at smaller, dynamic construction sites, where unpredictable environments and changing workflows make automation more difficult.
#autonomous #fieldai #Opportunity #push
The partnership could help accelerate Caterpillar's transition beyond the traditional sale of heavy equipment toward AI-enabled autonomous industrial systems. FieldAI is a potentially valuable partner because its AI models are designed to help robots perceive, understand, and navigate complex, unpredictable environments.
Caterpillar could combine FieldAI's technology with its equipment-engineering expertise and operational data to improve autonomous operations in challenging environments. Over time, the collaboration could complement Caterpillar's broader push toward increasingly autonomous equipment and workflows.
The FieldAI partnership could also strengthen Caterpillar Inc. (NYSE:CAT)'s autonomous opportunity in construction. Caterpillar already has extensive experience with autonomous mining equipment, but construction presents a potentially much larger and more complex opportunity.
The biggest opportunity could come from deploying autonomous equipment at smaller, dynamic construction sites, where unpredictable environments and changing workflows make automation more difficult.
#autonomous #fieldai #Opportunity #push
2 months ago
Ford Motor Company (NYSE: F) stock soared nearly 50% in May, as Wall Street began seeing the legacy automotive company as a hidden-gem infrastructure play as the demand for artificial intelligence (AI) and data center energy explodes. The stock has since given back about half of its May surge, and that gives investors who see long-term growth an opportunity to jump back in at a better price.
Here's why investors should be intrigued.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In May, the Detroit automaker announced its wholly owned subsidiary, called Ford Energy, which will develop and offer a battery energy storage system (BESS) for utility customers, AI data centers, and other large industrial and commercial customers. Savvy investors may have seen this coming, but for the most part, Ford built the new business behind the scenes, securing supply chains and preparing manufacturing. Ford Energy will manufacture battery cells, **** emble modules and containers, and offer sales and service support, which could be the lucrative part. That's because the automaker's Ford Energy DC block was designed to have a stable and predictable lifetime performance for about two decades.
To help connect the dots for investors wondering, AI data centers run intense workloads that put immense strain on the electrical grid. Ford's BESS give AI data centers security in the event of electrical grid fluctuations or blackouts, as the centers need an uninterrupted power supply. The systems will also provide power during AI workload spikes, charge when electricity is cheap, and discharge when prices peak, ultimately lowering costs and providing downtime protection.
#bess
Here's why investors should be intrigued.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In May, the Detroit automaker announced its wholly owned subsidiary, called Ford Energy, which will develop and offer a battery energy storage system (BESS) for utility customers, AI data centers, and other large industrial and commercial customers. Savvy investors may have seen this coming, but for the most part, Ford built the new business behind the scenes, securing supply chains and preparing manufacturing. Ford Energy will manufacture battery cells, **** emble modules and containers, and offer sales and service support, which could be the lucrative part. That's because the automaker's Ford Energy DC block was designed to have a stable and predictable lifetime performance for about two decades.
To help connect the dots for investors wondering, AI data centers run intense workloads that put immense strain on the electrical grid. Ford's BESS give AI data centers security in the event of electrical grid fluctuations or blackouts, as the centers need an uninterrupted power supply. The systems will also provide power during AI workload spikes, charge when electricity is cheap, and discharge when prices peak, ultimately lowering costs and providing downtime protection.
#bess
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2 months ago
Johnston Carmichael, a UK-based independent accountancy and business advisory business, has bolstered its leadership team with four new appointments.
Tamsyn Weston joined the company as chief technology officer in Edinburgh. She will lead the company strategy across IT, cybersecurity, digital development, AI and automation.
Weston has more than 20 years of experience in technology, transformation and cybersecurity roles in regulated environments. Her role will focus in part on the responsible use of emerging technology to support the company's growth.
In Glasgow, Deborah Ramsay has joined as an audit partner.
Ramsay is a chartered accountant and has held Responsible Individual status since 2020. She brings more than 20 years of audit experience, including a background at a 'Big Four' company.
#ramsay #business
Tamsyn Weston joined the company as chief technology officer in Edinburgh. She will lead the company strategy across IT, cybersecurity, digital development, AI and automation.
Weston has more than 20 years of experience in technology, transformation and cybersecurity roles in regulated environments. Her role will focus in part on the responsible use of emerging technology to support the company's growth.
In Glasgow, Deborah Ramsay has joined as an audit partner.
Ramsay is a chartered accountant and has held Responsible Individual status since 2020. She brings more than 20 years of audit experience, including a background at a 'Big Four' company.
#ramsay #business
2 months ago
Boston, Massachusetts-based Vertex Pharmaceuticals Incorporated (VRTX) develops and commercializes therapies for treating cystic fibrosis (CF). Valued at $139 billion by market cap, the company invests in scientific innovation to create transformative medicines for people with serious diseases.
Companies worth $10 billion or more are generally described as "large-cap stocks," and VRTX perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the biotechnology industry. VRTX derives its primary competitive strength from its global monopoly in CF treatments, anchored by flagship blockbusters like Trikafta/Katori which generate robust cash flow to fuel its high-impact clinical pipeline.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why **** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#vrtx #massachusetts
Companies worth $10 billion or more are generally described as "large-cap stocks," and VRTX perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the biotechnology industry. VRTX derives its primary competitive strength from its global monopoly in CF treatments, anchored by flagship blockbusters like Trikafta/Katori which generate robust cash flow to fuel its high-impact clinical pipeline.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why **** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#vrtx #massachusetts
2 months ago
Selling an inherited rental home triggers a large taxable gain since depreciation reduces basis and the Section 121 home-sale exclusion doesn't apply.
IRMAA uses income from two years prior, so a large 2026 gain can push both spouses into Medicare's $649 monthly Part B tier by 2028.
A voluntary property sale disqualifies sellers from SSA-44 relief, but IRMAA resets annually, so higher premiums should last only one affected year.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A 68-year-old retiree in Ohio inherited his parents' three-bedroom colonial when his mother died in 2006. He never moved in. Instead, he rented it for 20 years before selling it this spring for a price that felt like a lottery win. He and his wife are both on Medicare. What they may not realize is that the sale can come back two years later in the form of substantially higher premiums.
#selling #inherited #home #large
IRMAA uses income from two years prior, so a large 2026 gain can push both spouses into Medicare's $649 monthly Part B tier by 2028.
A voluntary property sale disqualifies sellers from SSA-44 relief, but IRMAA resets annually, so higher premiums should last only one affected year.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A 68-year-old retiree in Ohio inherited his parents' three-bedroom colonial when his mother died in 2006. He never moved in. Instead, he rented it for 20 years before selling it this spring for a price that felt like a lottery win. He and his wife are both on Medicare. What they may not realize is that the sale can come back two years later in the form of substantially higher premiums.
#selling #inherited #home #large
2 months ago
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If you're a credit card rewards-seeker, you might already know just how coveted some American Express benefits and perks can be. (Centurion card? If you know, you know.) There is a range of American Express cards for different financial goals, whether you're looking for cash back, travel rewards, an Amex credit card with an introductory 0% APR, or anything in between.
Why we like it: We like the Blue Cash Everyday for the value it can add to anyone's wallet — whether you're looking for a single catch-all cash-back card or want to round out the rewards you already earn. Not only does it cover everyday expenses at the supermarket and gas station, but the added online retail category can help you maximize purchases that usually aren't included among credit card rewards categories. And with no annual fee, the annual credits can help put money directly back into your pocket each month.
Related: Amex Blue Cash Everyday Card review: Earn solid rewards in common categories
Why we like it: With 6% cash back for the first $6,000 you spend at U.S. supermarkets each year, the Blue Cash Preferred can help you earn up to $360 on your grocery shopping alone. Combined with great returns on other everyday spending, this card carries a lot of potential.
#cash #rewards #everyday #credit
If you're a credit card rewards-seeker, you might already know just how coveted some American Express benefits and perks can be. (Centurion card? If you know, you know.) There is a range of American Express cards for different financial goals, whether you're looking for cash back, travel rewards, an Amex credit card with an introductory 0% APR, or anything in between.
Why we like it: We like the Blue Cash Everyday for the value it can add to anyone's wallet — whether you're looking for a single catch-all cash-back card or want to round out the rewards you already earn. Not only does it cover everyday expenses at the supermarket and gas station, but the added online retail category can help you maximize purchases that usually aren't included among credit card rewards categories. And with no annual fee, the annual credits can help put money directly back into your pocket each month.
Related: Amex Blue Cash Everyday Card review: Earn solid rewards in common categories
Why we like it: With 6% cash back for the first $6,000 you spend at U.S. supermarkets each year, the Blue Cash Preferred can help you earn up to $360 on your grocery shopping alone. Combined with great returns on other everyday spending, this card carries a lot of potential.
#cash #rewards #everyday #credit
2 months ago
Shenzhen Longsys Electronics, a Chinese semiconductor company, is seeking up to HK$6.28 billion, or about $800 million, from a Hong Kong share sale.
The company set out the terms in a listing document on Monday. The memory chipmaker already trades in Shenzhen. Its Hong Kong offer price sits well below where the mainland stock trades.
Longsys is offering about 26 million shares at a maximum price of HK$240.60 per share. That sits 45% below the 376.88 yuan close in Shenzhen on Friday, Bloomberg reported. The stock has gained nearly 33% in 2026.
Follow us on X to get the latest news as it happens
The company expects to set the final offer price on September 4 and publish the allocation results by September 7. Trading of its H shares is expected to begin on September 8.
#september #price #trades
The company set out the terms in a listing document on Monday. The memory chipmaker already trades in Shenzhen. Its Hong Kong offer price sits well below where the mainland stock trades.
Longsys is offering about 26 million shares at a maximum price of HK$240.60 per share. That sits 45% below the 376.88 yuan close in Shenzhen on Friday, Bloomberg reported. The stock has gained nearly 33% in 2026.
Follow us on X to get the latest news as it happens
The company expects to set the final offer price on September 4 and publish the allocation results by September 7. Trading of its H shares is expected to begin on September 8.
#september #price #trades
3 months ago
Boston Scientific (NYSE:BSX), a global medical device maker, closed at $48.17, down 3.38%. Premarket reports said a cybersecurity incident disrupted global operations and shipping. The company also announced a product recall for certain types of its percutaneous catheters, further weighing on the stock. Investors are watching how quickly the company restores its systems and whether the recall exacerbates the interruption. Trading volume reached 31.8M shares, coming in about 48% above its three-month average of 21.4M shares.
S&P 500 (SNPINDEX:^GSPC) fell 0.04% to 7,675, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.08% to 26,130. Among medical devices and interventional medtech peers, Abbott Laboratories (NYSE:ABT) closed at $114.10, down 1.75%, while Medtronic (NYSE:MDT) finished at $92.01, up 0.95%, as Boston Scientific's cyber disruption stood out.
Boston Scientific has seen its stock drop 55% over the last year, and today's double dose of bad news didn't help things. The product recall is tied to the company's ENROUTE Transcarotid Neuroprotection System (NPS) following the FDA's concerns about the potential separation of the product's arterial sheath tip.
Making matters worse, the company also disclosed a cybersecurity incident that disrupted its global operations, potentially disrupting the processing and shipping of customers' orders. Management noted that it was working to restore lost functions but couldn't yet determine whether the event would have a material impact on BSX shares.
Following several quarters of weaker-than-expected earnings results, disappointing Watchman sales, slashed guidance, and a major acquisition now weighing on Boston Scientific's balance sheet, the stock has shifted from a steady compounder to more of a turnaround or value type of stock -- especially after today's news. While BSX stock is on my watch list, I'd need to see some type of positive developments before I consider buying.
#boston #NYSE #global #following
S&P 500 (SNPINDEX:^GSPC) fell 0.04% to 7,675, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.08% to 26,130. Among medical devices and interventional medtech peers, Abbott Laboratories (NYSE:ABT) closed at $114.10, down 1.75%, while Medtronic (NYSE:MDT) finished at $92.01, up 0.95%, as Boston Scientific's cyber disruption stood out.
Boston Scientific has seen its stock drop 55% over the last year, and today's double dose of bad news didn't help things. The product recall is tied to the company's ENROUTE Transcarotid Neuroprotection System (NPS) following the FDA's concerns about the potential separation of the product's arterial sheath tip.
Making matters worse, the company also disclosed a cybersecurity incident that disrupted its global operations, potentially disrupting the processing and shipping of customers' orders. Management noted that it was working to restore lost functions but couldn't yet determine whether the event would have a material impact on BSX shares.
Following several quarters of weaker-than-expected earnings results, disappointing Watchman sales, slashed guidance, and a major acquisition now weighing on Boston Scientific's balance sheet, the stock has shifted from a steady compounder to more of a turnaround or value type of stock -- especially after today's news. While BSX stock is on my watch list, I'd need to see some type of positive developments before I consider buying.
#boston #NYSE #global #following
3 months ago
LONDON, Aug 27 (Reuters) - Google has agreed to settle a mass London lawsuit brought on behalf of app developers for £260 million ($353.21 million), according to a deal published on Thursday.
The claim, which was previously valued at just over £1 billion, sought compensation on behalf of developers who sold apps on Google's Play Store in the United Kingdom.
Lawyers for academic Barry Rodger, who led the case, alleged Google had abused its dominant position to prevent developers from distributing apps by alternative means and by charging an unfair commission, usually 30%.
The case was due to go to trial next month at London's Competition Appeal Tribunal (CAT), making it the fourth such case against a major tech company since the start of 2025, after similar lawsuits against Apple, Qualcomm and Sony.
But on Thursday, Rodger said he had reached a proposed settlement with Google, subject to the CAT's approval, under which Google made no admission of liability or wrongdoing.
#developers #case #million #apps
The claim, which was previously valued at just over £1 billion, sought compensation on behalf of developers who sold apps on Google's Play Store in the United Kingdom.
Lawyers for academic Barry Rodger, who led the case, alleged Google had abused its dominant position to prevent developers from distributing apps by alternative means and by charging an unfair commission, usually 30%.
The case was due to go to trial next month at London's Competition Appeal Tribunal (CAT), making it the fourth such case against a major tech company since the start of 2025, after similar lawsuits against Apple, Qualcomm and Sony.
But on Thursday, Rodger said he had reached a proposed settlement with Google, subject to the CAT's approval, under which Google made no admission of liability or wrongdoing.
#developers #case #million #apps
3 months ago
Dallas, Texas-based Atmos Energy Corporation (ATO) distributes natural gas. With a market cap of $28.4 billion, the company provides natural gas marketing and procurement services to large customers, as well as manages storage and pipeline **** ets.
Shares of this leading natural gas utility have underperformed the broader market over the past year. ATO has declined slightly over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 18.3%. In 2026, ATO stock is up marginally, compared to the SPX's 11.8% rise on a YTD basis.
Crude Prices Sharply Lower as Oil Supplies Move Through Strait of Hormuz
Crude Prices Fall as Oil Supplies Move Through the Strait of Hormuz
Why This Week Looks to Be Fun
#prices #hormuz
Shares of this leading natural gas utility have underperformed the broader market over the past year. ATO has declined slightly over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 18.3%. In 2026, ATO stock is up marginally, compared to the SPX's 11.8% rise on a YTD basis.
Crude Prices Sharply Lower as Oil Supplies Move Through Strait of Hormuz
Crude Prices Fall as Oil Supplies Move Through the Strait of Hormuz
Why This Week Looks to Be Fun
#prices #hormuz
3 months ago
The Australian small-cap market strengthened on Monday, with the S&P/ASX Small Ordinaries (XSO) closing at 3,567.00, up 16.50 points or 0.46% for the session.
The index has now gained 46.50 points or 1.32% over the past five trading days, maintaining positive momentum as investors continue to look across the smaller end of the market for growth opportunities.
Resource companies will also get the chance to show their wares directly to investors this week, with the RIU Resources Investor Roadshow kicking off today at Melbourne's Sofitel on Collins before heading to Sydney's Swissôtel on Thursday. You can check out the program here.
Meanwhile, several companies updated the market on their movements this morning. You can read about the following and more throughout the day.
Horizon Gold Ltd (ASX:HRN, OTC:HZGLF, FRA:HO0) has returned numerous significant gold intercepts from reverse circulation drilling at its 100%-owned Gum Creek Gold Project in Western Australia's Mid-West.
#ordinaries
The index has now gained 46.50 points or 1.32% over the past five trading days, maintaining positive momentum as investors continue to look across the smaller end of the market for growth opportunities.
Resource companies will also get the chance to show their wares directly to investors this week, with the RIU Resources Investor Roadshow kicking off today at Melbourne's Sofitel on Collins before heading to Sydney's Swissôtel on Thursday. You can check out the program here.
Meanwhile, several companies updated the market on their movements this morning. You can read about the following and more throughout the day.
Horizon Gold Ltd (ASX:HRN, OTC:HZGLF, FRA:HO0) has returned numerous significant gold intercepts from reverse circulation drilling at its 100%-owned Gum Creek Gold Project in Western Australia's Mid-West.
#ordinaries
3 months ago
It's open season for scams on older Americans and, in one particularly gruesome grift, it appears fraudsters will leave no gravestone unturned in their search for a victim.
Clayton LiaBraaten, a spokesperson at TrueCaller, a caller ID and fraud-prevention services company, told USA Today that a male customer recently reached out about a scam perpetrated against his widowed mother.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#clayton #bezos
Clayton LiaBraaten, a spokesperson at TrueCaller, a caller ID and fraud-prevention services company, told USA Today that a male customer recently reached out about a scam perpetrated against his widowed mother.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#clayton #bezos
3 months ago
The Institute of Singapore Chartered Accountants (ISCA) and the Institute of Chartered Accountants of India (ICAI) have agreed to strengthen collaboration on initiatives covering AI training and professional qualification recognition.
Under the expanded collaboration, the ISCA signed a letter of cooperation for a proposed Global AI Fluency Initiative based on its AI Fluency Programme.
Subject to approvals and agreed implementation terms, the two accountancy bodies will provide practical and responsible AI learning to ICAI members and students.
The programme is expected to benefit the ICAI's more than 1.5 million members and students.
The approximately 30-hour programme includes 180 workplace-based cases covering AI foundations, accounting specialisations, and AI leadership and governance.
#institute #chartered #icai #fluency
Under the expanded collaboration, the ISCA signed a letter of cooperation for a proposed Global AI Fluency Initiative based on its AI Fluency Programme.
Subject to approvals and agreed implementation terms, the two accountancy bodies will provide practical and responsible AI learning to ICAI members and students.
The programme is expected to benefit the ICAI's more than 1.5 million members and students.
The approximately 30-hour programme includes 180 workplace-based cases covering AI foundations, accounting specialisations, and AI leadership and governance.
#institute #chartered #icai #fluency
3 months ago
Investors leaning heavily on American technology stocks should broaden their horizons, according to UBS, which sees fresh opportunities across Europe and Asia even as US markets keep hitting records.
In a strategy note, the Swiss bank said the S&P 500 should deliver further gains by the end of the year, but warned that the market's reliance on a handful of artificial intelligence winners had left portfolios dangerously concentrated.
Global stocks, measured by the MSCI All Country World Index, are trading close to record highs, buoyed by cooling US inflation and strong earnings both within the AI supply chain and beyond.
UBS argues the rally has quietly spread well beyond Wall Street, and that now is the moment to position for a broadening of gains.
Europe closest to home
#stocks #american #asia #global
In a strategy note, the Swiss bank said the S&P 500 should deliver further gains by the end of the year, but warned that the market's reliance on a handful of artificial intelligence winners had left portfolios dangerously concentrated.
Global stocks, measured by the MSCI All Country World Index, are trading close to record highs, buoyed by cooling US inflation and strong earnings both within the AI supply chain and beyond.
UBS argues the rally has quietly spread well beyond Wall Street, and that now is the moment to position for a broadening of gains.
Europe closest to home
#stocks #american #asia #global
3 months ago
American AI companies are collectively worth trillions of dollars, and lawmakers, ***** el-winning economists, and AI executives themselves are asking whether ordinary citizens should own a piece of them.
Sam Altman, CEO of OpenAI, has been discussing a plan to give the U.S. government a 5% equity stake in his company, according to a Financial Times report from early July. Altman wants other leading AI firms to do the same, with equity flowing into a government-run fund modeled on Alaska's Permanent Fund, which invests oil wealth and distributes annual payments to residents. The talks are in early stages, and any deal would likely require an act of Congress.
The proposal comes as public opinion on AI has turned sharply negative. More than 200 economists, including 16 ***** el laureates, have warned that AI could put millions of workers out of jobs within years, not the decades that previous waves of automation required. A fund could cushion blow, if it's structured properly.
Altman first raised the idea with the Trump administration in 2025, according to CNBC, and spent the next year building his case. OpenAI published a formal proposal in April calling for a "Public Wealth Fund" that would give every citizen, including the tens of millions of Americans who don't own a single share of stock, a stake in AI-driven growth.
Each American's share of the proposed stake would be worth between $125 and $146, depending on whether OpenAI goes public at its target valuation of $1 trillion or stays at its current $852 billion. That's a fraction of what Alaska's Permanent Fund typically pays to the state's more than 600,000 residents. Even in a down year, its payouts are robust: the Permanent Fund delivered $1,000 per resident in 2025, its lowest payout in five years. Because the fund is worth more than $91 billion, having been built over five decades on continuous oil revenue and diversified investments, its dividends are consistent and high enough to mean something to each person.
#fund #altman #stake #economists
Sam Altman, CEO of OpenAI, has been discussing a plan to give the U.S. government a 5% equity stake in his company, according to a Financial Times report from early July. Altman wants other leading AI firms to do the same, with equity flowing into a government-run fund modeled on Alaska's Permanent Fund, which invests oil wealth and distributes annual payments to residents. The talks are in early stages, and any deal would likely require an act of Congress.
The proposal comes as public opinion on AI has turned sharply negative. More than 200 economists, including 16 ***** el laureates, have warned that AI could put millions of workers out of jobs within years, not the decades that previous waves of automation required. A fund could cushion blow, if it's structured properly.
Altman first raised the idea with the Trump administration in 2025, according to CNBC, and spent the next year building his case. OpenAI published a formal proposal in April calling for a "Public Wealth Fund" that would give every citizen, including the tens of millions of Americans who don't own a single share of stock, a stake in AI-driven growth.
Each American's share of the proposed stake would be worth between $125 and $146, depending on whether OpenAI goes public at its target valuation of $1 trillion or stays at its current $852 billion. That's a fraction of what Alaska's Permanent Fund typically pays to the state's more than 600,000 residents. Even in a down year, its payouts are robust: the Permanent Fund delivered $1,000 per resident in 2025, its lowest payout in five years. Because the fund is worth more than $91 billion, having been built over five decades on continuous oil revenue and diversified investments, its dividends are consistent and high enough to mean something to each person.
#fund #altman #stake #economists
3 months ago
A federal appeals court removed another procedural obstacle facing more than 3,000 lawsuits accusing Meta Platforms, Inc. (NASDAQ:META), Snap Inc. (NYSE:SNAP), Alphabet, and TikTok of harming young users through allegedly addictive product features.
The Ninth Circuit did not decide whether the companies are liable. It ruled that Section 230 provides a defense against liability, not immunity from being sued, making Meta Platforms, Inc. (NASDAQ:META) and TikTok's appeal premature.
Section 230 has already helped narrow the litigation. The lower court found that it barred some feature-related claims while allowing others to proceed. The larger investor question is whether the surviving claims can create a liability channel based on product design rather than content moderation.
With more than 3,000 federal cases, approximately 3,300 additional California state cases, and a major multistate trial approaching, that question is now being tested repeatedly in court.
The strongest point for Meta Platforms, Inc. (NASDAQ:META) and Snap Inc. (NYSE:SNAP) is that the Ninth Circuit resolved a procedural question, not the merits of the lawsuits.
#snap #platforms
The Ninth Circuit did not decide whether the companies are liable. It ruled that Section 230 provides a defense against liability, not immunity from being sued, making Meta Platforms, Inc. (NASDAQ:META) and TikTok's appeal premature.
Section 230 has already helped narrow the litigation. The lower court found that it barred some feature-related claims while allowing others to proceed. The larger investor question is whether the surviving claims can create a liability channel based on product design rather than content moderation.
With more than 3,000 federal cases, approximately 3,300 additional California state cases, and a major multistate trial approaching, that question is now being tested repeatedly in court.
The strongest point for Meta Platforms, Inc. (NASDAQ:META) and Snap Inc. (NYSE:SNAP) is that the Ninth Circuit resolved a procedural question, not the merits of the lawsuits.
#snap #platforms
3 months ago
Crude oil imports from Russia accounted for over 50% of India's total import volumes last month. This was the highest share of Russian oil in India's import mix, Reuters noted in a report that cited unnamed trade sources.
Russia exported crude at a rate of some 2.47 million barrels daily to India last month, which was a 62.4% surge from a year ago and represented a 50.83% share of total oil imports into the world's third-largest oil buyer. However, July volumes were a decline on June's average, which stood at 2.6 million barrels daily and was the highest monthly average for Russian oil shipments to India.
Earlier, Kpler estimated that Russian oil flows to India in July averaged 2.45 million barrels daily, despite the expiration of a U.S. sanction waiver on these flows. Per the Kpler data, Russia remained India's largest oil supplier, followed by the United Arab Emirates and Saudi Arabia. Both, however, shipped much lower volumes, at 617,000 barrels daily for the UAE and 586,000 bpd for Saudi Arabia.
Russian oil has been flowing at all-time high rates to India since the start of the latter's new fiscal year on April 1. Volumes have averaged over 2 million barrels daily, making up over 42% of India's total oil imports in the period. This compares to a share of 37% for Russian oil volumes for India a year earlier.
This, however, may change after the latest U.S. sanctions, Reuters noted, recalling that those sanctions involve slapping 100% tariffs on imports from countries that buy Russian crude. The bill passed the Senate but is yet to be approved by the House of Representatives. Choking India's oil imports from Russia could be tricky because, with the war in the Middle East ongoing, there are limited alternative sources for the volumes that Indian refiners need, even accounting for record U.S. exports.
#russian #Russia #imports #crude
Russia exported crude at a rate of some 2.47 million barrels daily to India last month, which was a 62.4% surge from a year ago and represented a 50.83% share of total oil imports into the world's third-largest oil buyer. However, July volumes were a decline on June's average, which stood at 2.6 million barrels daily and was the highest monthly average for Russian oil shipments to India.
Earlier, Kpler estimated that Russian oil flows to India in July averaged 2.45 million barrels daily, despite the expiration of a U.S. sanction waiver on these flows. Per the Kpler data, Russia remained India's largest oil supplier, followed by the United Arab Emirates and Saudi Arabia. Both, however, shipped much lower volumes, at 617,000 barrels daily for the UAE and 586,000 bpd for Saudi Arabia.
Russian oil has been flowing at all-time high rates to India since the start of the latter's new fiscal year on April 1. Volumes have averaged over 2 million barrels daily, making up over 42% of India's total oil imports in the period. This compares to a share of 37% for Russian oil volumes for India a year earlier.
This, however, may change after the latest U.S. sanctions, Reuters noted, recalling that those sanctions involve slapping 100% tariffs on imports from countries that buy Russian crude. The bill passed the Senate but is yet to be approved by the House of Representatives. Choking India's oil imports from Russia could be tricky because, with the war in the Middle East ongoing, there are limited alternative sources for the volumes that Indian refiners need, even accounting for record U.S. exports.
#russian #Russia #imports #crude
3 months ago
Shares of SoFi Technologies (SOFI) have remained under pressure so far in 2026. SOFI stock has fallen 28% year-to-date (YTD) and is trading 43% below its 52-week high.
The recent weakness reflects investor concerns over the company's revenue mix. While those concerns are valid, SoFi's long-term growth drivers remain firmly intact, suggesting the current dip is a buying opportunity.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and **** eX Earnings on Tap
#jeff
The recent weakness reflects investor concerns over the company's revenue mix. While those concerns are valid, SoFi's long-term growth drivers remain firmly intact, suggesting the current dip is a buying opportunity.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and **** eX Earnings on Tap
#jeff
3 months ago
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4 months ago
OpenAI has raised its projected spending on computing infrastructure to around $750 billion through 2030, up from roughly $600 billion earlier this year, according to The Wall Street Journal. New deals with cloud-computing providers are driving the higher figure, as OpenAI continues its push to obtain the vast computing resources its AI models require.
On Wednesday, OpenAI said it would invest $20 billion to begin construction on a data center called Project Camellia in Effingham County, Georgia. Unlike its other facilities, where the company leases chip capacity from providers such as Oracle and Amazon Web Services, the Savannah Gateway Industrial Hub site marks OpenAI's first venture as the principal designer and builder of its own data center.
Sachin Katti, OpenAI's vice president of compute strategy, said the company has contracted with utility Georgia Power to receive 3.2 gigawatts of power between 2028 and 2032. OpenAI has already acquired the land for the project and is in the process of selecting a partner to build and operate the site, Katti said.
The company has also hired Brent Mayo, a key figure in building Elon Musk's xAI data center infrastructure, according to the Journal. After departing xAI earlier this year, Mayo had been instrumental in standing up that company's Colossus supercomputer campus in Memphis, where he managed the rapid procurement and commissioning of large-scale AI chip clusters. In the head of data-center build and delivery role, he will be responsible for keeping cloud partners on track with their construction timelines, while also contributing to the new Georgia facility. Mayo reports to Uday Ruddarraju, who was promoted this month to become OpenAI's chief technology officer of computing capacity.
The $750 billion projection represents the latest escalation in a spending trajectory that has drawn scrutiny inside the company. Chief Financial Officer Sarah Friar has privately raised concerns that OpenAI may not be able to honor future computing contracts if revenue growth does not keep pace with commitments. That came after Chief Executive Sam Altman stated publicly that OpenAI intended to spend $1.4 trillion on computing capacity, a figure that unsettled observers; Friar subsequently stepped in to correct the record, telling investors the actual projected outlay through 2030 was approximately $600 billion.
#computing #center #company
On Wednesday, OpenAI said it would invest $20 billion to begin construction on a data center called Project Camellia in Effingham County, Georgia. Unlike its other facilities, where the company leases chip capacity from providers such as Oracle and Amazon Web Services, the Savannah Gateway Industrial Hub site marks OpenAI's first venture as the principal designer and builder of its own data center.
Sachin Katti, OpenAI's vice president of compute strategy, said the company has contracted with utility Georgia Power to receive 3.2 gigawatts of power between 2028 and 2032. OpenAI has already acquired the land for the project and is in the process of selecting a partner to build and operate the site, Katti said.
The company has also hired Brent Mayo, a key figure in building Elon Musk's xAI data center infrastructure, according to the Journal. After departing xAI earlier this year, Mayo had been instrumental in standing up that company's Colossus supercomputer campus in Memphis, where he managed the rapid procurement and commissioning of large-scale AI chip clusters. In the head of data-center build and delivery role, he will be responsible for keeping cloud partners on track with their construction timelines, while also contributing to the new Georgia facility. Mayo reports to Uday Ruddarraju, who was promoted this month to become OpenAI's chief technology officer of computing capacity.
The $750 billion projection represents the latest escalation in a spending trajectory that has drawn scrutiny inside the company. Chief Financial Officer Sarah Friar has privately raised concerns that OpenAI may not be able to honor future computing contracts if revenue growth does not keep pace with commitments. That came after Chief Executive Sam Altman stated publicly that OpenAI intended to spend $1.4 trillion on computing capacity, a figure that unsettled observers; Friar subsequently stepped in to correct the record, telling investors the actual projected outlay through 2030 was approximately $600 billion.
#computing #center #company
4 months ago
The S&P 500 Index ($SPX) (SPY) today is up +0.64%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.58%. September E-mini S&P futures (ESU26) are up +0.62%, and September E-mini Nasdaq futures (NQU26) are up +1.58%.
Stock indexes are climbing today as Monday's rebound in chipmakers and AI-infrastructure stocks gathers pace. The recent selloff in chipmakers has cheapened valuations and has enticed dip buyers ahead of earnings results of megacap technology stocks this week, beginning with Alphabet and Tesla on Wednesday. On the downside, software stocks are weak after Morgan Stanley downgraded several in the sector. Also, rising crude oil prices are pushing bond yields higher as the 10-year T-note yield climbed to a 2-month high of 4.64% today.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
#earnings #index
Stock indexes are climbing today as Monday's rebound in chipmakers and AI-infrastructure stocks gathers pace. The recent selloff in chipmakers has cheapened valuations and has enticed dip buyers ahead of earnings results of megacap technology stocks this week, beginning with Alphabet and Tesla on Wednesday. On the downside, software stocks are weak after Morgan Stanley downgraded several in the sector. Also, rising crude oil prices are pushing bond yields higher as the 10-year T-note yield climbed to a 2-month high of 4.64% today.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
#earnings #index
4 months ago
SpaceX's IPO was the biggest in history, raising $75 billion at $135 a share.1 The offering sparked much excitement, with retail investors keen on buying into one of the world's most closely watched companies. If you had invested $2,000 at the $135 IPO price, here's how much your investment would be worth today, and why the company's long-term prospects may matter far more than its first few weeks as a public stock.
SpaceX's IPO was remarkable not just because of its size, but because it gave individual investors an unusually large opportunity to participate. A typical IPO reserves just 5% to 10% of its shares for retail investors.2 **** eX initially targeted as much as 30% for retail buyers, more than triple the norm, though that allocation was ultimately cut to the low 20% range before the deal closed, as institutional demand proved even stronger than expected.3 Even at the reduced share, retail investors submitted more than $100 billion in orders ahead of the debut.
The excitement reflected more than just the numbers. **** eX entered the public markets valued at close to $1.77 trillion at the offering price, backed by businesses including Starlink, its commercial launch operations and its AI division following the xAI acquisition. Elon Musk's track record of attracting retail investors through companies like Tesla also fueled investor interest.
A financial advisor could help you look past market excitement when evaluating investments like **** eX for your portfolio.
An investor who put $2,000 into the **** eX IPO at the $135 offering price would have purchased about 14.8 shares ($2,000 ÷ $135), **** uming fractional shares were available. In the days after the IPO, the stock surged as high as $225.64, which would have pushed that same $2,000 to roughly $3,340 (14.8 shares × $225.64), a paper gain of nearly 67%.4
#much #price
SpaceX's IPO was remarkable not just because of its size, but because it gave individual investors an unusually large opportunity to participate. A typical IPO reserves just 5% to 10% of its shares for retail investors.2 **** eX initially targeted as much as 30% for retail buyers, more than triple the norm, though that allocation was ultimately cut to the low 20% range before the deal closed, as institutional demand proved even stronger than expected.3 Even at the reduced share, retail investors submitted more than $100 billion in orders ahead of the debut.
The excitement reflected more than just the numbers. **** eX entered the public markets valued at close to $1.77 trillion at the offering price, backed by businesses including Starlink, its commercial launch operations and its AI division following the xAI acquisition. Elon Musk's track record of attracting retail investors through companies like Tesla also fueled investor interest.
A financial advisor could help you look past market excitement when evaluating investments like **** eX for your portfolio.
An investor who put $2,000 into the **** eX IPO at the $135 offering price would have purchased about 14.8 shares ($2,000 ÷ $135), **** uming fractional shares were available. In the days after the IPO, the stock surged as high as $225.64, which would have pushed that same $2,000 to roughly $3,340 (14.8 shares × $225.64), a paper gain of nearly 67%.4
#much #price
4 months ago
US stocks diverged on Wednesday as investors looked ahead to earnings from Alphabet (GOOG) and Tesla (TSLA) after the market close, while fresh tariffs and rising oil prices remained in focus.
The Dow Jones Industrial Average (^DJI) turned higher, rising 0.3%, and the S&P 500 (^GSPC) hovered near the flat line. The tech-heavy Nasdaq Composite (^IXIC) sank 0.3%, leading the retreat from a winning day on Wall Street the day before.
A tech recovery faces its next test later Wednesday when Alphabet and Tesla post second quarter results, the first two of the "Magnificent Seven" megacaps to report. Investors are weighing whether Google's AI monetization efforts justify surging spending on AI. All eyes will be on Tesla's capex, too, as the Elon Musk-led company vaults into its next phase of automation.
Among the other notable earnings, Supermicro (SMCI) shares surged after the AI server maker reported a record backlog. IBM (IBM) is also scheduled to report Q2 results after a pre-earnings warning caused a brutal stock drop last week. The power and electrification giant GE Vernova (GEV) reported revenue above expectations and a steadily growing order book but missed on earnings per share.
In trade news, President Trump appears ready to replace expiring 10% global tariffs with more permanent duties, including a potential 100% tariff on imported generic drugs. A new 25% tariff targeting Brazil came into effect on Wednesday.
#investors #tariffs #Tech #next
The Dow Jones Industrial Average (^DJI) turned higher, rising 0.3%, and the S&P 500 (^GSPC) hovered near the flat line. The tech-heavy Nasdaq Composite (^IXIC) sank 0.3%, leading the retreat from a winning day on Wall Street the day before.
A tech recovery faces its next test later Wednesday when Alphabet and Tesla post second quarter results, the first two of the "Magnificent Seven" megacaps to report. Investors are weighing whether Google's AI monetization efforts justify surging spending on AI. All eyes will be on Tesla's capex, too, as the Elon Musk-led company vaults into its next phase of automation.
Among the other notable earnings, Supermicro (SMCI) shares surged after the AI server maker reported a record backlog. IBM (IBM) is also scheduled to report Q2 results after a pre-earnings warning caused a brutal stock drop last week. The power and electrification giant GE Vernova (GEV) reported revenue above expectations and a steadily growing order book but missed on earnings per share.
In trade news, President Trump appears ready to replace expiring 10% global tariffs with more permanent duties, including a potential 100% tariff on imported generic drugs. A new 25% tariff targeting Brazil came into effect on Wednesday.
#investors #tariffs #Tech #next
4 months ago
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4 months ago
September S&P 500 E-Mini futures (ESU26) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.94% this morning, pointing to a lower open on Wall Street as chipmakers came under renewed selling pressure following a selloff in their South Korean peers.
Memory chip stocks tumbled in South Korea, sparking a selloff in AI-related stocks around the world. SK Hynix plummeted over -15% in Seoul, marking its steepest drop on record, as its historic U.S. trading debut on Friday triggered a "sell the news" reaction and profit-taking. SK Hynix's slump weighed on fellow memory giant Samsung Electronics, which sank more than -10%. U.S. chip and AI infrastructure stocks looked set to join the global selloff, with Sandisk (SNDK) falling over -6% and Micron Technology (MU) dropping more than -5% in pre-market trading. SK Hynix's ADRs were down over -9% in pre-market trading.
Taiwan Just Waved a Red Flag for Nvidia Stock
Taiwan Semi Stock Is Approaching Fair Value Ahead of July 16. How to Play TSM Here.
Forget GPUs. Nvidia's Next AI Gold Mine Could Be Even Bigger.
Memory chip stocks tumbled in South Korea, sparking a selloff in AI-related stocks around the world. SK Hynix plummeted over -15% in Seoul, marking its steepest drop on record, as its historic U.S. trading debut on Friday triggered a "sell the news" reaction and profit-taking. SK Hynix's slump weighed on fellow memory giant Samsung Electronics, which sank more than -10%. U.S. chip and AI infrastructure stocks looked set to join the global selloff, with Sandisk (SNDK) falling over -6% and Micron Technology (MU) dropping more than -5% in pre-market trading. SK Hynix's ADRs were down over -9% in pre-market trading.
Taiwan Just Waved a Red Flag for Nvidia Stock
Taiwan Semi Stock Is Approaching Fair Value Ahead of July 16. How to Play TSM Here.
Forget GPUs. Nvidia's Next AI Gold Mine Could Be Even Bigger.
4 months ago
With a 5-year EPS growth forecasted at 33.59%, Nayax Ltd. (NASDAQ:NYAX) is among the 12 Best Cybersecurity Stocks to Buy and Hold for the Long Term.
On June 24, UBS raised its price target on Nayax Ltd. (NASDAQ:NYAX) to $75 from $68 while maintaining a Neutral rating on the shares. The revised target reflects the firm's updated valuation outlook and confidence in the company's continued execution within the rapidly expanding digital payments and unattended commerce markets.
On June 23, Nayax Ltd. (NASDAQ:NYAX) announced a strategic partnership with Tellus Power to integrate its AC Level 2 EV charger with Nayax's payment and management platform. The combined solution is expected to provide operators with a unified offering that incorporates EV charging, payment processing, and management capabilities while maintaining compatibility with existing vendors through open industry standards. The partnership is designed to simplify deployment and improve the user experience for EV charging operators.
Founded in 2005 and headquartered in Herzliya, Israel, Nayax Ltd. (NASDAQ:NYAX) is a global fintech company that develops cashless payment, telemetry, and management software for unattended retail, like vending machines and EV chargers.
While we acknowledge the potential of NYAX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
On June 24, UBS raised its price target on Nayax Ltd. (NASDAQ:NYAX) to $75 from $68 while maintaining a Neutral rating on the shares. The revised target reflects the firm's updated valuation outlook and confidence in the company's continued execution within the rapidly expanding digital payments and unattended commerce markets.
On June 23, Nayax Ltd. (NASDAQ:NYAX) announced a strategic partnership with Tellus Power to integrate its AC Level 2 EV charger with Nayax's payment and management platform. The combined solution is expected to provide operators with a unified offering that incorporates EV charging, payment processing, and management capabilities while maintaining compatibility with existing vendors through open industry standards. The partnership is designed to simplify deployment and improve the user experience for EV charging operators.
Founded in 2005 and headquartered in Herzliya, Israel, Nayax Ltd. (NASDAQ:NYAX) is a global fintech company that develops cashless payment, telemetry, and management software for unattended retail, like vending machines and EV chargers.
While we acknowledge the potential of NYAX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
