3 hours ago
US stocks diverged on Thursday amid fresh doubts about President Trump's ability to end the war with Iran and a potential shake-up to the booming AI trade.
The Dow Jones Industrial Average (^DJI) rose over 1.7%, or more than 900 points. The benchmark S&P 500 (^GSPC) added 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) pared losses to around 0.2%.
Broadcom (AVGO) shares sank more than 14% after its AI chip forecast disappointed, raising questions about the strength of the broadly booming AI trade.
Meanwhile, on Wednesday evening, following the most serious escalation between the US and Iran since the April ceasefire took effect, the House of Representatives voted to end the war in a rebuke to Trump. Earlier in the day, stocks retreated from records, and oil rose as hopes for a quick Iran deal faded.
Elsewhere, ****** eX confirmed in a new filing that it plans to secure a record-breaking $75 billion in its IPO on June 12. Relaxed rules that could fast-track ****** eX's inclusion in index funds mean that 401(k) investors could wind up invested in the company without buying a single share.
The Dow Jones Industrial Average (^DJI) rose over 1.7%, or more than 900 points. The benchmark S&P 500 (^GSPC) added 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) pared losses to around 0.2%.
Broadcom (AVGO) shares sank more than 14% after its AI chip forecast disappointed, raising questions about the strength of the broadly booming AI trade.
Meanwhile, on Wednesday evening, following the most serious escalation between the US and Iran since the April ceasefire took effect, the House of Representatives voted to end the war in a rebuke to Trump. Earlier in the day, stocks retreated from records, and oil rose as hopes for a quick Iran deal faded.
Elsewhere, ****** eX confirmed in a new filing that it plans to secure a record-breaking $75 billion in its IPO on June 12. Relaxed rules that could fast-track ****** eX's inclusion in index funds mean that 401(k) investors could wind up invested in the company without buying a single share.
18 hours ago
We recently compiled a list of the 11 Most Undervalued Pharma Stocks to Invest In. Prestige Consumer Healthcare Inc. (NYSE:PBH) is among the most undervalued stocks to invest in.
TheFly reported on May 15 that Canaccord Genuity cut its price target on PBH from $86 down to $72 while keeping a Buy rating in place. The adjustment came after a weaker Q4 result, driven largely by softness in the eye care segment along with additional pressure linked to the Iran conflict, prompting the firm to revise its model.
Separately, on May 13, Prestige Consumer Healthcare Inc. (NYSE:PBH) disclosed a definitive agreement to acquire LaCorium Health in an all-cash deal valued at about $150 million. The transaction is still subject to standard closing conditions and is expected to be completed during the second quarter of fiscal 2027. Based on financial data provided, LaCorium recorded roughly $40 million in revenue over the trailing twelve months ending February 28.
The business is projected to contribute around $12 million in EBITDA after the anticipated benefits from integration synergies are realized. In addition, LaCorium is expected to deliver double-digit net sales growth during calendar year 2026, indicating continued expansion before full integration. The acquisition is positioned as a strategic addition that will be incorporated into Prestige’s broader operations once finalized, strengthening its portfolio and supporting longer-term growth and profitability objectives within its consumer healthcare segment.
Prestige Consumer Healthcare Inc. (NYSE:PBH) is a leading provider of over-the-counter health, wellness, and personal care products. Headquartered in Tarrytown, New York, it manages a portfolio of well-known consumer health brands.
TheFly reported on May 15 that Canaccord Genuity cut its price target on PBH from $86 down to $72 while keeping a Buy rating in place. The adjustment came after a weaker Q4 result, driven largely by softness in the eye care segment along with additional pressure linked to the Iran conflict, prompting the firm to revise its model.
Separately, on May 13, Prestige Consumer Healthcare Inc. (NYSE:PBH) disclosed a definitive agreement to acquire LaCorium Health in an all-cash deal valued at about $150 million. The transaction is still subject to standard closing conditions and is expected to be completed during the second quarter of fiscal 2027. Based on financial data provided, LaCorium recorded roughly $40 million in revenue over the trailing twelve months ending February 28.
The business is projected to contribute around $12 million in EBITDA after the anticipated benefits from integration synergies are realized. In addition, LaCorium is expected to deliver double-digit net sales growth during calendar year 2026, indicating continued expansion before full integration. The acquisition is positioned as a strategic addition that will be incorporated into Prestige’s broader operations once finalized, strengthening its portfolio and supporting longer-term growth and profitability objectives within its consumer healthcare segment.
Prestige Consumer Healthcare Inc. (NYSE:PBH) is a leading provider of over-the-counter health, wellness, and personal care products. Headquartered in Tarrytown, New York, it manages a portfolio of well-known consumer health brands.
22 hours ago
Schafer Cullen Capital Management, Inc., an independent investment advisor, released its Q1 2026 investor letter for the “Small Cap Value Equity Strategy.” You can download a copy of the letter here. U.S. equity markets started 2026 with notable volatility due to geopolitical events and shifting macro conditions. The Russell 2000 rose 0.9% for the quarter, with small-cap value outperforming growth. Concerns over AI and its impact on software companies heightened among investors. The Small Cap Value Equity strategy composite returned -1.8% (gross) and -2.0% (net) in the quarter, while the Russell 2000 Value returned 5.0% for the quarter, and the broader Russell 2000 Index gained 0.9%, reflecting strength in small caps. The performance in the quarter was shaped by rising interest rates, widening credit spreads, and geopolitical tensions. Overall, the quarter challenged quality-oriented strategies, yet the firm remains committed to investing in companies with strong balance sheets and sustainable earnings, believing this focus will benefit as market conditions improve. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Schafer Cullen Capital Small Cap Value Equity Strategy highlighted Belden Inc. (NYSE:BDC). Belden Inc. (NYSE:BDC) is a US-based networking, connectivity, and industrial automation solutions company that enables data infrastructure to unlock new possibilities for its customers. On June 1, 2026, Belden Inc. (NYSE:BDC) closed at $103.25 per share. One-month return of Belden Inc. (NYSE:BDC) was -7.82%, and its shares lost 4.72% over the past 52 weeks. Belden Inc. (NYSE:BDC) has a market capitalization of $4.02 billion.
Schafer Cullen Capital Small Cap Value Equity Strategy stated the following regarding Belden Inc. (NYSE:BDC) in its Q1 2026 investor letter:
"Belden Inc. (NYSE:BDC) is a global provider of networking, connectivity, and industrial automation solutions serving mission-critical applications across industrial, enterprise, and infrastructure end markets. The company has been actively transforming its portfolio toward higher-growth, higher-margin businesses through divestitures and targeted reinvestment. This shift, combined with ongoing cost optimization efforts, has driven meaningful improvements in profitability and returns on capital. We believe Belden is well positioned to benefit from secular tailwinds including industrial automation, data infrastructure investment, and increased demand for reliable connectivity, supporting continued earnings growth and margin expansion."
In its first-quarter 2026 investor letter, Schafer Cullen Capital Small Cap Value Equity Strategy highlighted Belden Inc. (NYSE:BDC). Belden Inc. (NYSE:BDC) is a US-based networking, connectivity, and industrial automation solutions company that enables data infrastructure to unlock new possibilities for its customers. On June 1, 2026, Belden Inc. (NYSE:BDC) closed at $103.25 per share. One-month return of Belden Inc. (NYSE:BDC) was -7.82%, and its shares lost 4.72% over the past 52 weeks. Belden Inc. (NYSE:BDC) has a market capitalization of $4.02 billion.
Schafer Cullen Capital Small Cap Value Equity Strategy stated the following regarding Belden Inc. (NYSE:BDC) in its Q1 2026 investor letter:
"Belden Inc. (NYSE:BDC) is a global provider of networking, connectivity, and industrial automation solutions serving mission-critical applications across industrial, enterprise, and infrastructure end markets. The company has been actively transforming its portfolio toward higher-growth, higher-margin businesses through divestitures and targeted reinvestment. This shift, combined with ongoing cost optimization efforts, has driven meaningful improvements in profitability and returns on capital. We believe Belden is well positioned to benefit from secular tailwinds including industrial automation, data infrastructure investment, and increased demand for reliable connectivity, supporting continued earnings growth and margin expansion."
1 day ago
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1 day ago
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According to the Zillow lender marketplace, for both purchase and refinance, the average 30-year and 15-year conforming fixed rates, as well as the average 5/1 ARM, all moved higher compared to yesterday.
The 30-year fixed-rate purchase rose 9 basis points to 6.37%, the 15-year fixed purchase loan increased by 3 basis points to 5.78%, and the 5/1 ARM purchase rate rose by 19 basis points to 6.54%.
Weekly survey of mortgage lenders with the best rates: Leaders price in the low 6% range
Here are the current mortgage rates for Wednesday, June 3, 2026, according to the latest Zillow data:
According to the Zillow lender marketplace, for both purchase and refinance, the average 30-year and 15-year conforming fixed rates, as well as the average 5/1 ARM, all moved higher compared to yesterday.
The 30-year fixed-rate purchase rose 9 basis points to 6.37%, the 15-year fixed purchase loan increased by 3 basis points to 5.78%, and the 5/1 ARM purchase rate rose by 19 basis points to 6.54%.
Weekly survey of mortgage lenders with the best rates: Leaders price in the low 6% range
Here are the current mortgage rates for Wednesday, June 3, 2026, according to the latest Zillow data:
2 days ago
With a market cap of $214.7 billion, Citigroup Inc. (C) is a global financial services holding company that provides a wide range of banking, investment, and wealth management solutions to consumers, corporations, governments, and institutions worldwide. The company operates through five business segments: Services; Markets; Banking; U.S. Personal Banking; and Wealth, offering products such as treasury solutions, securities services, investment banking, lending, and retail banking.
Companies worth more than $200 billion are generally considered "mega-cap" stocks, and Citigroup fits this criterion perfectly. It serves clients across North America, Europe, Asia, the Middle East, Africa, Australia, and Latin America through its extensive international network.
Barclays Says Sandisk’s New AI Contracts Could Change the Memory Industry
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Companies worth more than $200 billion are generally considered "mega-cap" stocks, and Citigroup fits this criterion perfectly. It serves clients across North America, Europe, Asia, the Middle East, Africa, Australia, and Latin America through its extensive international network.
Barclays Says Sandisk’s New AI Contracts Could Change the Memory Industry
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2 days ago
Brown Advisory, an investment management company, released its “Brown Advisory Global Leaders Strategy” for the first quarter of 2026 investor letter. A copy of the letter can be downloaded here. The strategy focused on delivering strong long-term performance by investing in a focused portfolio of companies that solve customer problems and provide good returns for shareholders. The first quarter of 2026 saw intensified challenges in capital markets, marked by a general weakness in risk ***** ets and negative perceptions around the "AI loser" narrative, significantly impacting the portfolio’s concentrated holdings. Additionally, not being invested in the Energy sector contributed to the underperformance, accounting for about 20% of the Strategy's relative decline year-to-date. Overall, the Strategy experienced an absolute correction of about 8.3% in the quarter, underperforming relative to the MSCI ACWI Net Return Index’s -3.2% return. In addition, please check the fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Brown Advisory Global Leaders Strategy highlighted stocks like Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) is a financial software company offering products and services for financial management, payments, capital, compliance, and marketing. On June 1, 2026, Intuit Inc. (NASDAQ:INTU) closed at $353.76 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was -20.06%, and its shares lost 58.36% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $87.79 billion.
Brown Advisory Global Leaders Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q1 2026 investor letter:
"We exited our position in Intuit Inc. (NASDAQ:INTU) in February. Over our holding period, Intuit tripled its free cash flow per share and achieved a compound annual growth rate of 14.15% (in USD). We were originally attracted by the company’s position as the largest provider of consumer tax software in the United States and its leadership in accounting software solutions for small and mid-cap businesses (SMBs). Intuit’s tax and accounting software provides substantial value to consumers, entrepreneurs, and small businesses today— such as tax savings for consumers and improved cash flow for businesses."
Intuit Inc. (NASDAQ:INTU) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 92 hedge fund portfolios held Intuit Inc. (NASDAQ:INTU) at the end of the first quarter, compared to 91 in the previous quarter. In the third quarter of fiscal 2026, Intuit Inc. (NASDAQ:INTU) reported revenue of $8.6 billion, reflecting a 10% year-over-year growth. While we acknowledge the potential of Intuit Inc. (NASDAQ:INTU) 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 f
In its first-quarter 2026 investor letter, Brown Advisory Global Leaders Strategy highlighted stocks like Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) is a financial software company offering products and services for financial management, payments, capital, compliance, and marketing. On June 1, 2026, Intuit Inc. (NASDAQ:INTU) closed at $353.76 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was -20.06%, and its shares lost 58.36% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $87.79 billion.
Brown Advisory Global Leaders Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q1 2026 investor letter:
"We exited our position in Intuit Inc. (NASDAQ:INTU) in February. Over our holding period, Intuit tripled its free cash flow per share and achieved a compound annual growth rate of 14.15% (in USD). We were originally attracted by the company’s position as the largest provider of consumer tax software in the United States and its leadership in accounting software solutions for small and mid-cap businesses (SMBs). Intuit’s tax and accounting software provides substantial value to consumers, entrepreneurs, and small businesses today— such as tax savings for consumers and improved cash flow for businesses."
Intuit Inc. (NASDAQ:INTU) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 92 hedge fund portfolios held Intuit Inc. (NASDAQ:INTU) at the end of the first quarter, compared to 91 in the previous quarter. In the third quarter of fiscal 2026, Intuit Inc. (NASDAQ:INTU) reported revenue of $8.6 billion, reflecting a 10% year-over-year growth. While we acknowledge the potential of Intuit Inc. (NASDAQ:INTU) 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 f
2 days ago
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and CoreWeave, Inc. (NASDAQ:CRWV) ranks 9th on this list.
CoreWeave, Inc. (NASDAQ:CRWV) has featured in the 13F portfolio of Situational Awareness LP since the first quarter of 2025. Back then, this position comprised 1.2 million shares and was sold off by the next quarter. A new position was then opened in the third quarter of 2025. This comprised 4.1 million shares. In the fourth quarter of 2025, the fund added to it by 48%, growing the stake to over 6 million shares. Filings for the first quarter of 2026 show that the fund owned over 7.1 million shares in the firm, up close to 18% compared to the previous quarter. The firm operates as a cloud infrastructure technology company in the United States. The company is part of a group of crypto firms that have transitioned into AI infrastructure in recent years. Leopold Aschenbrenner is bullish on this trend.
CoreWeave, Inc. (NASDAQ:CRWV) is the fastest cloud infrastructure provider in history to cross major revenue milestones. For the twelve months ending March 2026, the Trailing Twelve Month revenue was $6.23 billion, a 217.6% increase year-over-year. Looking strictly at Q1 2026, quarterly revenue came in at $2.08 billion, a 111.6% increase compared to the $0.98 billion posted in Q1 2025. Management officially guided full-year FY2026 revenue to between $12 billion and $13 billion, indicating that the sequential growth curve is actively steepening as more clusters come online. In May 2026 earnings, CoreWeave announced that the revenue backlog had reached nearly $100 billion. This represents a jump from the $66.8 billion backlog reported at the end of fiscal 2025 and a nearly 400% increase over early 2025.
While we acknowledge the potential of CRWV 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.
READ NEXT: Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn and Chris Rokos Stock Portfolio: Top 10 Stock Picks.
CoreWeave, Inc. (NASDAQ:CRWV) has featured in the 13F portfolio of Situational Awareness LP since the first quarter of 2025. Back then, this position comprised 1.2 million shares and was sold off by the next quarter. A new position was then opened in the third quarter of 2025. This comprised 4.1 million shares. In the fourth quarter of 2025, the fund added to it by 48%, growing the stake to over 6 million shares. Filings for the first quarter of 2026 show that the fund owned over 7.1 million shares in the firm, up close to 18% compared to the previous quarter. The firm operates as a cloud infrastructure technology company in the United States. The company is part of a group of crypto firms that have transitioned into AI infrastructure in recent years. Leopold Aschenbrenner is bullish on this trend.
CoreWeave, Inc. (NASDAQ:CRWV) is the fastest cloud infrastructure provider in history to cross major revenue milestones. For the twelve months ending March 2026, the Trailing Twelve Month revenue was $6.23 billion, a 217.6% increase year-over-year. Looking strictly at Q1 2026, quarterly revenue came in at $2.08 billion, a 111.6% increase compared to the $0.98 billion posted in Q1 2025. Management officially guided full-year FY2026 revenue to between $12 billion and $13 billion, indicating that the sequential growth curve is actively steepening as more clusters come online. In May 2026 earnings, CoreWeave announced that the revenue backlog had reached nearly $100 billion. This represents a jump from the $66.8 billion backlog reported at the end of fiscal 2025 and a nearly 400% increase over early 2025.
While we acknowledge the potential of CRWV 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.
READ NEXT: Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn and Chris Rokos Stock Portfolio: Top 10 Stock Picks.
3 days ago
Semiconductor stocks can change direction fast, becoming the “elephant in the room.” On May 27, 2026, Wolfspeed (WOLF) dropped 13.93% in one session, landing alongside Qualcomm (QCOM) as one of the sector’s biggest losers as traders turned cautious ahead of Marvell’s (MRVL) results.
This slide added to the weakness that followed its fiscal Q3 2026 report in early May, when the company posted a GAAP net loss of $119.9 million and a GAAP gross margin of about -27%.
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This slide added to the weakness that followed its fiscal Q3 2026 report in early May, when the company posted a GAAP net loss of $119.9 million and a GAAP gross margin of about -27%.
Barclays Says Sandisk’s New AI Contracts Could Change the Memory Industry
Meta Has a Plan to Monetize Its AI Investments. Its Underperforming Stock Needs It Badly.
Why Warren Buffett Hasn’t Sold Coca-Cola Stock for Over 30 Years
