25 days ago
Shell plc (NYSE:SHEL) is a global group of energy and petrochemical companies with a presence in over 70 countries. The stock has delivered gains of over 23% since the beginning of 2026 and even hit its all-time high earlier in March, driven primarily by soaring oil prices and solid earnings amid supply disruptions in the Middle East.
Following a slight pullback over the last few months, Shell has started to regain momentum, and Morgan Stanley expects the rally to continue. On September 3, the investment bank upgraded SHEL from 'Equal Weight' to 'Overweight', while also raising its price target from $81.60 to $101.30. The target boost implies an upside of 9% from the current levels and even exceeds Shell's previous record high of almost $95 per share achieved earlier this year.
Morgan Stanley noted that the concerns surrounding Shell's long-term resource longevity have now eased, with the company now positioned to sustain production growth through 2030 and stabilize output thereafter. The ******* yst firm believes that while the stock has been weighed down due to its dividend policy, there is now "potential for a significant acceleration. As a result, Morgan Stanley promoted SHEL to top-pick status.
Shell completed the acquisition of ARC Resources earlier this month, addressing the resource-depletion concerns that have weighed down its valuation. The $16.4 billion deal has significantly expanded the energy giant's gas reserves and will boost its production by 370,000 boed. Additionally, the strategic move expands Shell's exposure to the North American gas market and bolsters its position in a region that is emerging as a key player in the global LNG supply.
Shell's recent upstream investments provide further support to Morgan Stanley's bullish thesis. The company announced earlier this month that it had agreed to acquire a 30% interest in BP's Conifer exploration prospect in the US Gulf, and a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin. Additionally, it also recently signed a preliminary agreement for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points oil and gas block.
#shel #production #energy #Stock
Following a slight pullback over the last few months, Shell has started to regain momentum, and Morgan Stanley expects the rally to continue. On September 3, the investment bank upgraded SHEL from 'Equal Weight' to 'Overweight', while also raising its price target from $81.60 to $101.30. The target boost implies an upside of 9% from the current levels and even exceeds Shell's previous record high of almost $95 per share achieved earlier this year.
Morgan Stanley noted that the concerns surrounding Shell's long-term resource longevity have now eased, with the company now positioned to sustain production growth through 2030 and stabilize output thereafter. The ******* yst firm believes that while the stock has been weighed down due to its dividend policy, there is now "potential for a significant acceleration. As a result, Morgan Stanley promoted SHEL to top-pick status.
Shell completed the acquisition of ARC Resources earlier this month, addressing the resource-depletion concerns that have weighed down its valuation. The $16.4 billion deal has significantly expanded the energy giant's gas reserves and will boost its production by 370,000 boed. Additionally, the strategic move expands Shell's exposure to the North American gas market and bolsters its position in a region that is emerging as a key player in the global LNG supply.
Shell's recent upstream investments provide further support to Morgan Stanley's bullish thesis. The company announced earlier this month that it had agreed to acquire a 30% interest in BP's Conifer exploration prospect in the US Gulf, and a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin. Additionally, it also recently signed a preliminary agreement for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points oil and gas block.
#shel #production #energy #Stock
25 days ago
Enbridge Inc. (NYSE:ENB) has declined by around 17% since hitting its record high in May, likely as a result of rising bond yields, lack of visibility on the company's 5% growth guidance through the end of the decade, and the recently closed equity offering intended to fund the midstream operator's strategic acquisitions.
However, BMO Capital sees this pullback as an opportunity and on September 15, the firm upgraded ENB from 'Market Perform' to 'Outperform', while also slightly raising its price target from C$79 to C$79.50. The target boost implies an upside of 18% from the current levels.
The **** yst believes that Enbridge's scale, limited commodity exposure, and diversified **** ets are underappreciated. BMO also cited the company's improving visibility on growth, robust backlog, opportunistic acquisitions, and improved balance sheet as reasons behind the upgrade.
Enbridge's aggressive expansion strategy adds significantly to its bull case. The company announced on September 9 that it would acquire Tallgrass Energy's crude oil business for $2.55 billion in cash, expanding its US liquids pipeline network by buying a majority stake in the Pony Express Pipeline and other **** ets. The midstream operator expects the acquisition to be accretive to distributable cash flow per share in the first full year of ownership.
Similarly, Enbridge announced last month that it had agreed to acquire Salt Creek Midstream's crude oil gathering business for $600 million in cash, further bolstering its presence in the prolific Permian Basin. The acquired **** ets have an average remaining contract life of about 10 years, providing stable long-term cash flows.
#visibility #target
However, BMO Capital sees this pullback as an opportunity and on September 15, the firm upgraded ENB from 'Market Perform' to 'Outperform', while also slightly raising its price target from C$79 to C$79.50. The target boost implies an upside of 18% from the current levels.
The **** yst believes that Enbridge's scale, limited commodity exposure, and diversified **** ets are underappreciated. BMO also cited the company's improving visibility on growth, robust backlog, opportunistic acquisitions, and improved balance sheet as reasons behind the upgrade.
Enbridge's aggressive expansion strategy adds significantly to its bull case. The company announced on September 9 that it would acquire Tallgrass Energy's crude oil business for $2.55 billion in cash, expanding its US liquids pipeline network by buying a majority stake in the Pony Express Pipeline and other **** ets. The midstream operator expects the acquisition to be accretive to distributable cash flow per share in the first full year of ownership.
Similarly, Enbridge announced last month that it had agreed to acquire Salt Creek Midstream's crude oil gathering business for $600 million in cash, further bolstering its presence in the prolific Permian Basin. The acquired **** ets have an average remaining contract life of about 10 years, providing stable long-term cash flows.
#visibility #target
25 days ago
GE Vernova Inc. (NYSE:GEV) is one of Jim Cramer's favorite stocks. Throughout 2025, the CNBC TV host continued to heap praise on the firm. Cramer's praise came at a time when new-age nuclear power and quantum computing stocks were experiencing strong gains. Throughout this period, he continued to **** ert that GE Vernova Inc. (NYSE:GEV) was the only nuclear firm with a stable delivery timeline and the capacity to deliver. In his morning appearance on the 15th, Cramer discussed the recent dip in shares and worries about a slowdown in the AI buildout:
"One company, GE Vernova, which was hit incredibly hard, which actually builds these, was saying they're seeing an order acceleration. So I really doubt the idea there's going to be a decel. Now that stock got hammered yesterday, it's been a horrendous stock since we started getting this political controversy. But again I point out that you just hear no one say anything about pullback."
For GE Vernova Inc. (NYSE:GEV), as perhaps indicated by the share price movement, the narrative is driven by its backlog and overall exposure to AI's power generation demand. On this front, CEO Scott Strazik, another Cramer favorite, outlined during the firm's second quarter earnings that data center orders of $5 billion for H1 2026 had already doubled over the full year 2025 figures. Additionally, during Q2, the firm's total orders touched $24 billion to mark an 88% growth driven by its Power and Electrification segment. As a whole, GE Vernova Inc. (NYSE:GEV)'s Q2 revenue grew by 22% annually, while its overall backlog and electrification backlogs sat at $176 billion and $446 billion.
At the same time, with GE Vernova Inc. (NYSE:GEV) also relying on gas turbines for its business, the debate is also about whether exposure to AI can remove the inherent cyclicality in the business. Additionally, with data centers accounting for 40% of the Electrification business's orders, any slowdown in capex spending by big tech players could generate tailwinds for GE Vernova Inc. (NYSE:GEV). Similarly, while the data center business is booming and the gas generation business remains tied to prices and interest rates, the firm's wind business is a drag and expected to hurt the bottom line throughout 2026.
In Q2, 106 out of the 1,006 funds tracked by Insider Monkey had held a stake in GE Vernova Inc. (NYSE:GEV), which marked a dip over the 118 out of 1,022 funds in Q1. Whether the dip was due to the order mix and AI sentiment or due to profit taking, your guess is as good as ours. On the valuation front, GE Vernova Inc. (NYSE:GEV) trades at a forward P/E ratio of 35, while short interest as a percentage of float is 3.29%.
#vernova #business #throughout #data
"One company, GE Vernova, which was hit incredibly hard, which actually builds these, was saying they're seeing an order acceleration. So I really doubt the idea there's going to be a decel. Now that stock got hammered yesterday, it's been a horrendous stock since we started getting this political controversy. But again I point out that you just hear no one say anything about pullback."
For GE Vernova Inc. (NYSE:GEV), as perhaps indicated by the share price movement, the narrative is driven by its backlog and overall exposure to AI's power generation demand. On this front, CEO Scott Strazik, another Cramer favorite, outlined during the firm's second quarter earnings that data center orders of $5 billion for H1 2026 had already doubled over the full year 2025 figures. Additionally, during Q2, the firm's total orders touched $24 billion to mark an 88% growth driven by its Power and Electrification segment. As a whole, GE Vernova Inc. (NYSE:GEV)'s Q2 revenue grew by 22% annually, while its overall backlog and electrification backlogs sat at $176 billion and $446 billion.
At the same time, with GE Vernova Inc. (NYSE:GEV) also relying on gas turbines for its business, the debate is also about whether exposure to AI can remove the inherent cyclicality in the business. Additionally, with data centers accounting for 40% of the Electrification business's orders, any slowdown in capex spending by big tech players could generate tailwinds for GE Vernova Inc. (NYSE:GEV). Similarly, while the data center business is booming and the gas generation business remains tied to prices and interest rates, the firm's wind business is a drag and expected to hurt the bottom line throughout 2026.
In Q2, 106 out of the 1,006 funds tracked by Insider Monkey had held a stake in GE Vernova Inc. (NYSE:GEV), which marked a dip over the 118 out of 1,022 funds in Q1. Whether the dip was due to the order mix and AI sentiment or due to profit taking, your guess is as good as ours. On the valuation front, GE Vernova Inc. (NYSE:GEV) trades at a forward P/E ratio of 35, while short interest as a percentage of float is 3.29%.
#vernova #business #throughout #data
25 days ago
Barclays ******* yst Simon Coles says the recent pullback in Tower Semiconductor (TSEM) shares is an opportunity to load up on a quality name at a meaningful discount. In a research note this morning, Coles ******* umed coverage of the independent specialty foundry with an "Overweight" rating and a $310 price target that signals potential upside of nearly 40% from here.
Tower Semiconductor stock has been in a sharp downtrend in recent months, currently trading about 30% below its June high.
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#tower #recent #simon #tsem
Tower Semiconductor stock has been in a sharp downtrend in recent months, currently trading about 30% below its June high.
Bank of America Just Declared a 'Generational Entry Point' in U.S. Bonds. Why Investors Should Be Backing Up the Truck on Treasuries Here.
Mark Cuban Says He Was Dizzy for Months, So He Built a VR Fix That Does at Home 'Much Of What A 180k Machine' Does
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
#tower #recent #simon #tsem
26 days ago
Property and casualty insurer Progressive (NYSE: PGR) is probably best known for selling auto insurance. That's a highly competitive segment of the industry, but the company has proven its chops, reporting a strong combined ratio of 87.3% in the second quarter of 2026. Is the roughly 10% pullback from the 52-week high, and about 25% drawdown from 2025's peak, as of this writing, enough to make the stock a buy? Probably not if you are a value investor.
The combined ratio is a measure of profitability in the insurance sector, with numbers below 100% indicating that a company is earning more from premiums than it costs to support those premiums and cover claims. Progressive has a strong history of running its business well on this front. Basically, it is a good business. But paying too much for a good business can turn it into a bad investment, as Benjamin Graham was fond of saying (Graham notably helped train Warren Buffett).
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 »
So the real question here is whether the drawdowns noted above were sufficient to make Progressive's valuation attractive. The answer there isn't clean cut. For example, the price-to-sales ratio of 1.4x is in the middle of the historical range of roughly 0.5x to 2.2x. If anything, the P/S ratio is kind of toward the high side. The same general story holds with the price-to-book ratio. So these two metrics hint at a stock that isn't expensive, but it also isn't trading at bargain-basement prices.
The price-to-earnings ratio is a bit more positive, with the 11.1x P/E toward the lower end of its historical range. And the average insurance company has a P/E ratio of around 11.8x, so this makes Progressive look reasonably priced. Only Progressive's P/B ratio is 3.7x compared to the industry average of 1.7x, so the broader industry comparison still isn't a clear-cut win.
#ratio #progressive
The combined ratio is a measure of profitability in the insurance sector, with numbers below 100% indicating that a company is earning more from premiums than it costs to support those premiums and cover claims. Progressive has a strong history of running its business well on this front. Basically, it is a good business. But paying too much for a good business can turn it into a bad investment, as Benjamin Graham was fond of saying (Graham notably helped train Warren Buffett).
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 »
So the real question here is whether the drawdowns noted above were sufficient to make Progressive's valuation attractive. The answer there isn't clean cut. For example, the price-to-sales ratio of 1.4x is in the middle of the historical range of roughly 0.5x to 2.2x. If anything, the P/S ratio is kind of toward the high side. The same general story holds with the price-to-book ratio. So these two metrics hint at a stock that isn't expensive, but it also isn't trading at bargain-basement prices.
The price-to-earnings ratio is a bit more positive, with the 11.1x P/E toward the lower end of its historical range. And the average insurance company has a P/E ratio of around 11.8x, so this makes Progressive look reasonably priced. Only Progressive's P/B ratio is 3.7x compared to the industry average of 1.7x, so the broader industry comparison still isn't a clear-cut win.
#ratio #progressive
26 days ago
While it's extremely difficult to predict a stock market pullback, there are certainly harbingers that the market could be in for a rough ride over the coming month. The September-October period ahead of U.S. mid-term elections is historically a volatile one. In fact, Cantor Fitzgerald notes that the S&P 500 index has fallen by 5% or more during these two months in 15 of the past 24 midterm election cycles.
At the same time, two major market valuation indicators point to stocks being at extremely frothy valuations. The S&P 500 Shiller CAPE (cyclically adjusted price-to-earnings) ratio is at over 40 times for the first time since before the dot.com market crash. The so-called Buffett indicator (U.S. stock market value divided by gross domestic product), named after Warren Buffett, is over 230%, well above the 120% where the market is considered overvalued. Throw in a war and a stressed consumer, and the ingredients for a market pullback are there.
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 »
There is no guarantee of a big market dip, and even if there were one, I wouldn't panic. Instead, I'd view it as a strong buying opportunity. AI has changed the equation, leading to big productivity gains that are just beginning, and stocks are generally cheap on a forward basis. The market today is very different than in the past. The S&P 500 is no longer led by cyclical and financial companies. Instead, it's dominated by large tech companies with strong balance sheets that produce enormous operating cash flow.
Let's look at five exchange-traded funds (ETFs) to scoop up if the market dips in the coming month.
#NVIDIA #time #pullback
At the same time, two major market valuation indicators point to stocks being at extremely frothy valuations. The S&P 500 Shiller CAPE (cyclically adjusted price-to-earnings) ratio is at over 40 times for the first time since before the dot.com market crash. The so-called Buffett indicator (U.S. stock market value divided by gross domestic product), named after Warren Buffett, is over 230%, well above the 120% where the market is considered overvalued. Throw in a war and a stressed consumer, and the ingredients for a market pullback are there.
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 »
There is no guarantee of a big market dip, and even if there were one, I wouldn't panic. Instead, I'd view it as a strong buying opportunity. AI has changed the equation, leading to big productivity gains that are just beginning, and stocks are generally cheap on a forward basis. The market today is very different than in the past. The S&P 500 is no longer led by cyclical and financial companies. Instead, it's dominated by large tech companies with strong balance sheets that produce enormous operating cash flow.
Let's look at five exchange-traded funds (ETFs) to scoop up if the market dips in the coming month.
#NVIDIA #time #pullback
26 days ago
On September 15, Guggenheim ****** yst Michael Ciarmoli initiated coverage of almost two dozen defense stocks, with a bullish, sector-wide buy-the-pullback call.
He issued 13 Buy ratings with an average upside of roughly 50%, with the standout being Applied Aerospace & Defense, Inc. (NYSE:AADX). The ****** yst sees the stock around $30, up by about 150% from the share's closing price that day.
Ciarmoli described AADX as a "merchant supplier of established and proven military subsystems and components". The ****** yst believes the company is well positioned to benefit from favorable growth trends across the aerospace, defense, and ****** e industries.
Several defense stocks have struggled since the advent of the Iran war. Investors are also concerned about the possibility of a split Congress after the midterm elections, which could result in a spending gridlock.
However, Ciarmoli says the fears are overblown. The Guggenheim ****** yst is urging investors to be buyers on the pullback. He expects the current trend of increased spending on autonomous systems, ****** e, and replenishing depleted stockpiles to sustain.
#pullback
He issued 13 Buy ratings with an average upside of roughly 50%, with the standout being Applied Aerospace & Defense, Inc. (NYSE:AADX). The ****** yst sees the stock around $30, up by about 150% from the share's closing price that day.
Ciarmoli described AADX as a "merchant supplier of established and proven military subsystems and components". The ****** yst believes the company is well positioned to benefit from favorable growth trends across the aerospace, defense, and ****** e industries.
Several defense stocks have struggled since the advent of the Iran war. Investors are also concerned about the possibility of a split Congress after the midterm elections, which could result in a spending gridlock.
However, Ciarmoli says the fears are overblown. The Guggenheim ****** yst is urging investors to be buyers on the pullback. He expects the current trend of increased spending on autonomous systems, ****** e, and replenishing depleted stockpiles to sustain.
#pullback
26 days ago
During the September 14 episode of Mad Money, Jim Cramer addressed the broader tech sector pullback and mentioned Broadcom Inc. (NASDAQ:AVGO) as an attractive option for investors looking past short-term volatility. He stated:
Well, it's a tough time to come out to San Francisco, a day when the whole AI complex is getting hammered because Anthropic and OpenAI seem to be, I don't know… pulling in their horns. Actually, I think there's some real bargains in this group. Take Broadcom, the maker of chips, networking equipment, and tech infrastructure and software with a stock that's down more than 10% over the past month. At the beginning of this month, Broadcom reported a strong set of results, issued a spectacular multi-year forecast, but their guidance for the current quarter was, I don't know, viewed by some as in line.
The stock got slammed. I think Broadcom's still on track to put up some incredible growth because they're at the heart of the AI ecosystem because the company's never let us down in all the years my Charitable Trust has owned it. And down here, roughly 150 points below its June high, the stock may be too cheap to ignore.
Recent financial reports from Broadcom Inc. (NASDAQ:AVGO) highlights the scale of expansion driving its core semiconductor and infrastructure divisions. Total revenue for the fiscal third quarter reached $29.6 billion, representing an 85.5% increase compared to the same period in the previous year. Artificial intelligence semiconductor revenue surged 221% to $16.7 billion, accounting for roughly 56% of total revenue. Remaining performance obligations climbed significantly to $179.2 billion, providing substantial visibility into future contracted revenue. Broadcom also serves major hyperscale AI customers including Alphabet and Meta Platforms.
Management raised its full year guidance to $58 billion from $56 billion in artificial intelligence revenue, while projecting $115 billion for fiscal 2027 and $230 billion for fiscal 2028. The figures highlight a deep integration into the enterprise artificial intelligence ecosystem through custom accelerators and high-speed networking solutions.
#down #year #fiscal #NASDAQ
Well, it's a tough time to come out to San Francisco, a day when the whole AI complex is getting hammered because Anthropic and OpenAI seem to be, I don't know… pulling in their horns. Actually, I think there's some real bargains in this group. Take Broadcom, the maker of chips, networking equipment, and tech infrastructure and software with a stock that's down more than 10% over the past month. At the beginning of this month, Broadcom reported a strong set of results, issued a spectacular multi-year forecast, but their guidance for the current quarter was, I don't know, viewed by some as in line.
The stock got slammed. I think Broadcom's still on track to put up some incredible growth because they're at the heart of the AI ecosystem because the company's never let us down in all the years my Charitable Trust has owned it. And down here, roughly 150 points below its June high, the stock may be too cheap to ignore.
Recent financial reports from Broadcom Inc. (NASDAQ:AVGO) highlights the scale of expansion driving its core semiconductor and infrastructure divisions. Total revenue for the fiscal third quarter reached $29.6 billion, representing an 85.5% increase compared to the same period in the previous year. Artificial intelligence semiconductor revenue surged 221% to $16.7 billion, accounting for roughly 56% of total revenue. Remaining performance obligations climbed significantly to $179.2 billion, providing substantial visibility into future contracted revenue. Broadcom also serves major hyperscale AI customers including Alphabet and Meta Platforms.
Management raised its full year guidance to $58 billion from $56 billion in artificial intelligence revenue, while projecting $115 billion for fiscal 2027 and $230 billion for fiscal 2028. The figures highlight a deep integration into the enterprise artificial intelligence ecosystem through custom accelerators and high-speed networking solutions.
#down #year #fiscal #NASDAQ
26 days ago
Updated Sept. 17, 2026 2:46 pm ET
Listen
(3 min)
1443 ET – Precious metal futures settle higher in New York, recovering from a swoon in the wake of yesterday’s Federal Reserve interest-rate increase. “My sense is that they will lag while we’re in a rate-hiking cycle, and right now we’re fairly clearly in a rate-hiking cycle,” says David Russell, global head of market strategy at TradeStation. There are a lot of arguments in favor of gold, in terms of central bank buying and an alternative to the dollar, but the current macro environment “is not in any way textbook favorable for gold and silver,” he adds. Front-month gold settles up 0.3% to $4,360.20 a troy ounce, and silver rises 1.8% to $65.47 a troy ounce. (anthony.harrupwsj.com)
1118 ET – Gold futures recover losses that followed the Fed’s rate hike as Treasury yields move lower and the dollar slips, while oil prices extend their pullback to a second day. “Gold is rangebound with two-way risk, but the large bull market we had seen earlier in the year is considered on pause for now,” Pepperstone strategist Ahmad ******* iri says in a note. The bull market could continue at some stage with underlying drivers such as central bank demand, macro uncertainty, and fiscal concerns, he says. But “the path of oil prices and their transmission into Fed policy remains the single most important variable from now till year-end.” The December contract is up 0.4% in New York at $4,404.90 a troy ounce. Silver rises 2.3% to $66.44 a troy ounce. (anthony.harrupwsj.com)
#Gold #york #futures
Listen
(3 min)
1443 ET – Precious metal futures settle higher in New York, recovering from a swoon in the wake of yesterday’s Federal Reserve interest-rate increase. “My sense is that they will lag while we’re in a rate-hiking cycle, and right now we’re fairly clearly in a rate-hiking cycle,” says David Russell, global head of market strategy at TradeStation. There are a lot of arguments in favor of gold, in terms of central bank buying and an alternative to the dollar, but the current macro environment “is not in any way textbook favorable for gold and silver,” he adds. Front-month gold settles up 0.3% to $4,360.20 a troy ounce, and silver rises 1.8% to $65.47 a troy ounce. (anthony.harrupwsj.com)
1118 ET – Gold futures recover losses that followed the Fed’s rate hike as Treasury yields move lower and the dollar slips, while oil prices extend their pullback to a second day. “Gold is rangebound with two-way risk, but the large bull market we had seen earlier in the year is considered on pause for now,” Pepperstone strategist Ahmad ******* iri says in a note. The bull market could continue at some stage with underlying drivers such as central bank demand, macro uncertainty, and fiscal concerns, he says. But “the path of oil prices and their transmission into Fed policy remains the single most important variable from now till year-end.” The December contract is up 0.4% in New York at $4,404.90 a troy ounce. Silver rises 2.3% to $66.44 a troy ounce. (anthony.harrupwsj.com)
#Gold #york #futures
26 days ago
Comments from Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman calling for a more measured approach to frontier AI development contributed to a sharp selloff across neoclouds and data center stocks. Bernstein identified CoreWeave Inc. (NASDAQ:CRWV) as the most exposed name because of its rural footprint and focus on AI training. The concern represents a genuine structural argument. However, it marks the second time this year that the same group of stocks has faced concerns over the sustainability of AI demand. There is also an important tension within Bernstein's own note, which highlights CoreWeave's exposure while acknowledging that most of its backlog remains shielded by contracts.
Bernstein cautioned that a slowdown in AI training could weigh on data center developers. The warning followed Amodei's weekend comments urging the industry to deliberately slow the pace of frontier AI capability gains, along with similar remarks from Sam Altman. According to ****** yst Madison Rezaei, slower training activity would likely reduce demand for rural data center sites designed for latency-insensitive workloads. The ****** yst pointed out that rural and Tier 3 markets account for 70% of the industry's 488GW pipeline. CoreWeave was identified as the most exposed name in the firm's coverage. ****** yst Madison Rezaei remarked:
We estimate that 25% of their existing active U.S. power, with an additional ~74% of their contracted power, is situated in Tier 3 and Tier 4 markets.
However, there is a key counterpoint within Bernstein's own note:
The backlog is primarily comprised of take-or-pay contracts, so we do not anticipate a threat there but could see a pullback in demand for the contracted-not-yet-sold rural power if training development slows.
#training #analyst
Bernstein cautioned that a slowdown in AI training could weigh on data center developers. The warning followed Amodei's weekend comments urging the industry to deliberately slow the pace of frontier AI capability gains, along with similar remarks from Sam Altman. According to ****** yst Madison Rezaei, slower training activity would likely reduce demand for rural data center sites designed for latency-insensitive workloads. The ****** yst pointed out that rural and Tier 3 markets account for 70% of the industry's 488GW pipeline. CoreWeave was identified as the most exposed name in the firm's coverage. ****** yst Madison Rezaei remarked:
We estimate that 25% of their existing active U.S. power, with an additional ~74% of their contracted power, is situated in Tier 3 and Tier 4 markets.
However, there is a key counterpoint within Bernstein's own note:
The backlog is primarily comprised of take-or-pay contracts, so we do not anticipate a threat there but could see a pullback in demand for the contracted-not-yet-sold rural power if training development slows.
#training #analyst
27 days ago
AI poster-child Nvidia (NVDA) has jumped 14% year to date, but the ride's been noticeably ******* py according to Seeking Alpha data.
The stock's down nearly 6% in just one week and around the same amount over the past month, a pullback that has coincided with fresh questions over whether the breakneck AI buildout could finally lose momentum.
Consequently, that debate followed calls from some of the biggest names in AI to slow the development of frontier models for safety reasons. But on his latest "Mad Money" broadcast from Dreamforce, veteran ******* yst Jim Cramer made clear he's viewing Nvidia stock through a very different lens.
That's not hard to fathom because Nvidia continues giving bulls ammunition. Fiscal Q2 revenue more than doubled to $96.2 billion, with its Data Center business reaching $89 billion, as it pushes deeper into enterprise AI, including Salesforce's (CRM) new Koa reasoning model built on Nvidia Nemotron.
Cramer's takeaway after a sit-down with CEO Jensen Huang was hardly cautious, though. Instead of treating the latest AI scare as a reason to jump in and out of Nvidia, he framed the stock as something investors need to hold through the noise instead of trade.
#down #latest #billion
The stock's down nearly 6% in just one week and around the same amount over the past month, a pullback that has coincided with fresh questions over whether the breakneck AI buildout could finally lose momentum.
Consequently, that debate followed calls from some of the biggest names in AI to slow the development of frontier models for safety reasons. But on his latest "Mad Money" broadcast from Dreamforce, veteran ******* yst Jim Cramer made clear he's viewing Nvidia stock through a very different lens.
That's not hard to fathom because Nvidia continues giving bulls ammunition. Fiscal Q2 revenue more than doubled to $96.2 billion, with its Data Center business reaching $89 billion, as it pushes deeper into enterprise AI, including Salesforce's (CRM) new Koa reasoning model built on Nvidia Nemotron.
Cramer's takeaway after a sit-down with CEO Jensen Huang was hardly cautious, though. Instead of treating the latest AI scare as a reason to jump in and out of Nvidia, he framed the stock as something investors need to hold through the noise instead of trade.
#down #latest #billion
27 days ago
Teck Resources Ltd (NYSE:TECK) stock's pullback from its Sept. 8 record high of $72.56 has found support at the 60-, 80-, and 100-day moving averages. The 100-day trendline in particular is a historically bullish signal that presents an intriguing 'buy the dip' angle.
Per Schaeffer's Senior Quantitative ******* yst Rocky White, TECK has traded within 0.75 times the 100-day moving average's 20-day average true range (ATR) after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above the trendline. This setup has occurred eight other times over the last decade, after which the stock was higher one month later 75% of the time, averaging a large 13.8% gain.
Short interest accounts for a healthy 7.5% of the stock's available float, leaving ample sideline buying power should some of these bearish bets begin to unwind. TECK's 14-day Relative Strength Index (RSI) of 28.4 also sits in "oversold" territory, which often precedes a short-term bounce.
Plus, TECK's Schaeffer's Volatility Scorecard (SVS) sits at 81 out of 100, suggesting the shares have tended to outperform options traders' volatility expectations during the past year.
#resources
Per Schaeffer's Senior Quantitative ******* yst Rocky White, TECK has traded within 0.75 times the 100-day moving average's 20-day average true range (ATR) after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above the trendline. This setup has occurred eight other times over the last decade, after which the stock was higher one month later 75% of the time, averaging a large 13.8% gain.
Short interest accounts for a healthy 7.5% of the stock's available float, leaving ample sideline buying power should some of these bearish bets begin to unwind. TECK's 14-day Relative Strength Index (RSI) of 28.4 also sits in "oversold" territory, which often precedes a short-term bounce.
Plus, TECK's Schaeffer's Volatility Scorecard (SVS) sits at 81 out of 100, suggesting the shares have tended to outperform options traders' volatility expectations during the past year.
#resources
27 days ago
Shares of Occidental Petroleum Corp (NYSE:OXY) are trading lower Wednesday as energy equities experience broad profit-taking alongside a pullback in crude oil prices.
The weakness in benchmark energy commodities comes as fresh market data indicates a weekly drawdown in U.S. crude inventories, dampening immediate commodity momentum alongside sector-wide risk mitigation ahead of the Federal Reserve's afternoon interest rate decision.
Occidental Petroleum stock is taking a hit today. Why are OXY shares down?
A major catalyst cooling OXY's momentum today is the latest U.S. crude oil inventory report. The Energy Information Administration reported that crude stockpiles fell by just 640,000 barrels for the week ending Sept. 11, missing market expectations for a significantly larger drawdown.
Because a smaller-than-expected inventory draw signals softer overall energy demand, crude prices faced renewed downward pressure, pulling upstream producers like Occidental lower in tandem.
#lower #taking #alongside #market
The weakness in benchmark energy commodities comes as fresh market data indicates a weekly drawdown in U.S. crude inventories, dampening immediate commodity momentum alongside sector-wide risk mitigation ahead of the Federal Reserve's afternoon interest rate decision.
Occidental Petroleum stock is taking a hit today. Why are OXY shares down?
A major catalyst cooling OXY's momentum today is the latest U.S. crude oil inventory report. The Energy Information Administration reported that crude stockpiles fell by just 640,000 barrels for the week ending Sept. 11, missing market expectations for a significantly larger drawdown.
Because a smaller-than-expected inventory draw signals softer overall energy demand, crude prices faced renewed downward pressure, pulling upstream producers like Occidental lower in tandem.
#lower #taking #alongside #market
27 days ago
Cipher Digital (NASDAQ: CIFR) stock is roaring higher on Wednesday. The company's share price was up 13.9% as of 10:35 a.m. ET. At the same point in the daily session, the S&P 500 and the Nasdaq Composite were up 0.2% and 0.6%, respectively.
After recent sell-offs driven by concerns about the potential for increased regulation in the artificial intelligence (AI) industry, stocks in the category are seeing some rebound trading in today's session. In addition to that bullish catalyst, Cipher Digital stock is getting a big boost from news connected to its Texas data center projects.
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 »
The potential for AI to create dangerous outcomes has been a center-stage news item and point of political discussion recently, and increased focus on the topic has powered some valuation pullbacks for artificial intelligence companies. Calls for increased regulation of the AI industry have caused concerns among investors that growth in the category could be impeded, but stocks in the ******* e are broadly seeing some rebound momentum in today's trading.
Before the market opened this morning, the Electric Reliability Council of Texas (ERCOT) published an update through its Batch Zero evaluation framework indicating grid capacity of up to 3.2 gigawatts for Cipher's data centers in the state. The update bodes well for the scaling of the company's AI compute business, and investors are bidding up the stock today in response.
#Stock #cipher #same
After recent sell-offs driven by concerns about the potential for increased regulation in the artificial intelligence (AI) industry, stocks in the category are seeing some rebound trading in today's session. In addition to that bullish catalyst, Cipher Digital stock is getting a big boost from news connected to its Texas data center projects.
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 »
The potential for AI to create dangerous outcomes has been a center-stage news item and point of political discussion recently, and increased focus on the topic has powered some valuation pullbacks for artificial intelligence companies. Calls for increased regulation of the AI industry have caused concerns among investors that growth in the category could be impeded, but stocks in the ******* e are broadly seeing some rebound momentum in today's trading.
Before the market opened this morning, the Electric Reliability Council of Texas (ERCOT) published an update through its Batch Zero evaluation framework indicating grid capacity of up to 3.2 gigawatts for Cipher's data centers in the state. The update bodes well for the scaling of the company's AI compute business, and investors are bidding up the stock today in response.
#Stock #cipher #same
28 days ago
Jim Cramer sees Seneca Foods Corporation (NASDAQ:SENEA) as an attractive food stock after its sharp rally, but he wants investors to leave room for a further pullback. During the September 10 episode of Mad Money, he noted that the shares had recently fallen about 11% from their high the previous week. He added:
Looking at the chart, you'd think this was an AI data center company. The stock's up 256% over the past three years, nearly 70% year to date.
Cramer said its appeal starts with its exposure to both branded and private-label products:
They don't care whether you're buying the premium nationally branded stuff or the cheap private-label knockoffs because they package everything.
Seneca reported fiscal first-quarter 2027 revenue of $405.2 million, up 36.2% year over year, while diluted EPS increased to $2.85 from $2.14. Management attributed the revenue growth to the Green Giant U.S. frozen acquisition, private-label growth and the timing of contract-packaging sales. Cramer credited the Green Giant transaction with helping drive the improvement after Seneca acquired B&G Foods' U.S. frozen business in March.
#seneca #giant
Looking at the chart, you'd think this was an AI data center company. The stock's up 256% over the past three years, nearly 70% year to date.
Cramer said its appeal starts with its exposure to both branded and private-label products:
They don't care whether you're buying the premium nationally branded stuff or the cheap private-label knockoffs because they package everything.
Seneca reported fiscal first-quarter 2027 revenue of $405.2 million, up 36.2% year over year, while diluted EPS increased to $2.85 from $2.14. Management attributed the revenue growth to the Green Giant U.S. frozen acquisition, private-label growth and the timing of contract-packaging sales. Cramer credited the Green Giant transaction with helping drive the improvement after Seneca acquired B&G Foods' U.S. frozen business in March.
#seneca #giant
28 days ago
Steel and materials markets fluctuated between rallies and pullbacks as the US-Canada trade relationship shifted from near agreement to open dispute. Nucor Corporation (NYSE:NUE) and Cleveland-Cliffs Inc. (NYSE:CLF) rose on August 25, after discussions between the two countries broke down, a turnaround from the week before, when several of the same stocks fell on hopes that a new deal would decrease steel and aluminum tariffs. The VanEck Steel ETF gained 1.6% on the day, while the State Street Materials Select Sector SPDR reached an intraday high. The rise didn't last: by the end of the week, the materials ETF had slipped to negative territory, while the steel ETF was about flat, though, both remain substantially up for 2026.
The volatility traces a rapid escalation. On August 19, Bloomberg reported that the US and Canada had tentatively agreed to reduce tariffs on Canadian steel and aluminum to 25% and vehicle charges to 15%. That optimism was dashed within days: on August 22, the US imposed 50% tariffs on a wide variety of Canadian exports, and Canadian Prime Minister Mark Carney responded by declaring Canada officially "at war" with the United States, saying "You're at war when you're attacked, and we got attacked."
On August 25, Ottawa announced counter-tariffs of C$27.6 billion on American goods, which took effect on September 8 at rates ranging from 15% to 50%. The dispute has continued to escalate since then, with Washington announcing additional restrictions and tariffs on Canadian goods in September, reinforcing the view that a quick resolution remains unlikely.
Atsi Sheth, Moody's chief credit officer, put it bluntly: "Expect much more of this uncertainty for some time to come." Investors initially welcomed tariffs as good news for US steelmakers facing less Canadian competition, but the back-and-forth negotiations, as well as Canada's reaction, have made predicting a steady outcome difficult.
The more intriguing story is how differently the aforementioned companies are positioned. Nucor Corporation (NYSE:NUE) relies primarily on scrap-based electric arc furnace steelmaking, while Cleveland-Cliffs Inc. (NYSE:CLF) operates a vertically integrated model with internally sourced iron ore, scrap and other raw materials. Both have meaningful domestic raw-material exposure, although their production models differ substantially. Nucor Corporation (NYSE:NUE) is up more than 50% year-to-date, while Cleveland-Cliffs Inc. (NYSE:CLF), despite similar structural insulation, remains negative for 2026, which **** ysts attribute to balance sheet stress rather than tariffs.
#august #nucor #corporation #cleveland
The volatility traces a rapid escalation. On August 19, Bloomberg reported that the US and Canada had tentatively agreed to reduce tariffs on Canadian steel and aluminum to 25% and vehicle charges to 15%. That optimism was dashed within days: on August 22, the US imposed 50% tariffs on a wide variety of Canadian exports, and Canadian Prime Minister Mark Carney responded by declaring Canada officially "at war" with the United States, saying "You're at war when you're attacked, and we got attacked."
On August 25, Ottawa announced counter-tariffs of C$27.6 billion on American goods, which took effect on September 8 at rates ranging from 15% to 50%. The dispute has continued to escalate since then, with Washington announcing additional restrictions and tariffs on Canadian goods in September, reinforcing the view that a quick resolution remains unlikely.
Atsi Sheth, Moody's chief credit officer, put it bluntly: "Expect much more of this uncertainty for some time to come." Investors initially welcomed tariffs as good news for US steelmakers facing less Canadian competition, but the back-and-forth negotiations, as well as Canada's reaction, have made predicting a steady outcome difficult.
The more intriguing story is how differently the aforementioned companies are positioned. Nucor Corporation (NYSE:NUE) relies primarily on scrap-based electric arc furnace steelmaking, while Cleveland-Cliffs Inc. (NYSE:CLF) operates a vertically integrated model with internally sourced iron ore, scrap and other raw materials. Both have meaningful domestic raw-material exposure, although their production models differ substantially. Nucor Corporation (NYSE:NUE) is up more than 50% year-to-date, while Cleveland-Cliffs Inc. (NYSE:CLF), despite similar structural insulation, remains negative for 2026, which **** ysts attribute to balance sheet stress rather than tariffs.
#august #nucor #corporation #cleveland
28 days ago
Lam Research Corporation (NASDAQ: LRCX) stock has struggled recently, shedding 16.6% in the last week alone. The shares have seen some volatility since their April-June rally peaked at a June 30 record high of $438.50. LRCX was last seen down 2.3% at $267.22 today, though it still boasts a roughly 56% year-to-date lead. Plus, the recent pullback has found support at the 200-day moving average, a trendline with historically bullish implications.
Per Schaeffer's Senior Quantitative ***** yst Rocky White, LRCX has traded within 0.75 times the 200-day moving average's 20-day average true range (ATR) after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above the trendline. This setup has occurred five other times over the last decade, after which the stock was higher one month later 80% of the time, averaging a 6.9% gain.
Furthermore, LRCX's 14-day Relative Strength Index (RSI) of 28.7 sits in "oversold" territory, which often precedes a short-term bounce.
#Stock #Research
Per Schaeffer's Senior Quantitative ***** yst Rocky White, LRCX has traded within 0.75 times the 200-day moving average's 20-day average true range (ATR) after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above the trendline. This setup has occurred five other times over the last decade, after which the stock was higher one month later 80% of the time, averaging a 6.9% gain.
Furthermore, LRCX's 14-day Relative Strength Index (RSI) of 28.7 sits in "oversold" territory, which often precedes a short-term bounce.
#Stock #Research
28 days ago
Bank of America Corporation (NYSE:BAC) expects third-quarter investment banking fees to fall by at least 10% year over year, which highlights a broader normalization across capital markets after an unusually strong first half of 2026. BofA expects investment banking fees of roughly $1.6 billion to $1.8 billion in the third quarter, compared with $2 billion a year earlier. CEO Brian Moynihan said the broader investment banking market is also down around 10%, suggesting that the softer quarter reflects a cooling in industry activity rather than a company-specific breakdown.
The comparison with the second quarter illustrates how sharp the normalization is. BofA's investment banking fees had risen 50% year over year to $2.1 billion in Q2, while sales and trading revenue reached a record $7.1 billion. The current outlook therefore represents a pullback from elevated levels rather than a reversal of the broader recovery in dealmaking. Global M&A activity remained substantial in the first half of 2026, with more than $3 trillion of announced transactions, providing evidence that corporate deal appetite has remained relatively healthy even as quarterly activity fluctuates.
Pixabay/Public Domain
From a longer-term perspective, the normalization does not necessarily undermine Bank of America Corporation (NYSE:BAC)'s capital-markets franchise. Investment banking revenues remain well above the depressed levels seen during the earlier downturn in deal activity, while the bank continues to have a substantial pipeline of potential transactions. Moynihan's comments that the pipeline remains strong suggest that some of the current weakness could reflect the timing of transactions rather than a fundamental loss of corporate demand for M&A, financing or advisory services.
BofA also has a diversified earnings base that makes it less dependent on any single capital-markets cycle. Its second-quarter net interest income increased 9% to $16 billion, while average loans and leases grew 8%. That provides a more stable source of revenue as investment banking normalizes. In this context, the Q3 decline can be viewed as a shift away from exceptionally strong capital-markets contributions rather than evidence that the bank's broader earnings trajectory has deteriorated.
#billion #year #rather
The comparison with the second quarter illustrates how sharp the normalization is. BofA's investment banking fees had risen 50% year over year to $2.1 billion in Q2, while sales and trading revenue reached a record $7.1 billion. The current outlook therefore represents a pullback from elevated levels rather than a reversal of the broader recovery in dealmaking. Global M&A activity remained substantial in the first half of 2026, with more than $3 trillion of announced transactions, providing evidence that corporate deal appetite has remained relatively healthy even as quarterly activity fluctuates.
Pixabay/Public Domain
From a longer-term perspective, the normalization does not necessarily undermine Bank of America Corporation (NYSE:BAC)'s capital-markets franchise. Investment banking revenues remain well above the depressed levels seen during the earlier downturn in deal activity, while the bank continues to have a substantial pipeline of potential transactions. Moynihan's comments that the pipeline remains strong suggest that some of the current weakness could reflect the timing of transactions rather than a fundamental loss of corporate demand for M&A, financing or advisory services.
BofA also has a diversified earnings base that makes it less dependent on any single capital-markets cycle. Its second-quarter net interest income increased 9% to $16 billion, while average loans and leases grew 8%. That provides a more stable source of revenue as investment banking normalizes. In this context, the Q3 decline can be viewed as a shift away from exceptionally strong capital-markets contributions rather than evidence that the bank's broader earnings trajectory has deteriorated.
#billion #year #rather
28 days ago
Bank of America Corporation (NYSE:BAC) expects third-quarter investment banking fees to fall by at least 10% year over year, which highlights a broader normalization across capital markets after an unusually strong first half of 2026. BofA expects investment banking fees of roughly $1.6 billion to $1.8 billion in the third quarter, compared with $2 billion a year earlier. CEO Brian Moynihan said the broader investment banking market is also down around 10%, suggesting that the softer quarter reflects a cooling in industry activity rather than a company-specific breakdown.
The comparison with the second quarter illustrates how sharp the normalization is. BofA's investment banking fees had risen 50% year over year to $2.1 billion in Q2, while sales and trading revenue reached a record $7.1 billion. The current outlook therefore represents a pullback from elevated levels rather than a reversal of the broader recovery in dealmaking. Global M&A activity remained substantial in the first half of 2026, with more than $3 trillion of announced transactions, providing evidence that corporate deal appetite has remained relatively healthy even as quarterly activity fluctuates.
Pixabay/Public Domain
From a longer-term perspective, the normalization does not necessarily undermine Bank of America Corporation (NYSE:BAC)'s capital-markets franchise. Investment banking revenues remain well above the depressed levels seen during the earlier downturn in deal activity, while the bank continues to have a substantial pipeline of potential transactions. Moynihan's comments that the pipeline remains strong suggest that some of the current weakness could reflect the timing of transactions rather than a fundamental loss of corporate demand for M&A, financing or advisory services.
BofA also has a diversified earnings base that makes it less dependent on any single capital-markets cycle. Its second-quarter net interest income increased 9% to $16 billion, while average loans and leases grew 8%. That provides a more stable source of revenue as investment banking normalizes. In this context, the Q3 decline can be viewed as a shift away from exceptionally strong capital-markets contributions rather than evidence that the bank's broader earnings trajectory has deteriorated.
#investment #banking #year
The comparison with the second quarter illustrates how sharp the normalization is. BofA's investment banking fees had risen 50% year over year to $2.1 billion in Q2, while sales and trading revenue reached a record $7.1 billion. The current outlook therefore represents a pullback from elevated levels rather than a reversal of the broader recovery in dealmaking. Global M&A activity remained substantial in the first half of 2026, with more than $3 trillion of announced transactions, providing evidence that corporate deal appetite has remained relatively healthy even as quarterly activity fluctuates.
Pixabay/Public Domain
From a longer-term perspective, the normalization does not necessarily undermine Bank of America Corporation (NYSE:BAC)'s capital-markets franchise. Investment banking revenues remain well above the depressed levels seen during the earlier downturn in deal activity, while the bank continues to have a substantial pipeline of potential transactions. Moynihan's comments that the pipeline remains strong suggest that some of the current weakness could reflect the timing of transactions rather than a fundamental loss of corporate demand for M&A, financing or advisory services.
BofA also has a diversified earnings base that makes it less dependent on any single capital-markets cycle. Its second-quarter net interest income increased 9% to $16 billion, while average loans and leases grew 8%. That provides a more stable source of revenue as investment banking normalizes. In this context, the Q3 decline can be viewed as a shift away from exceptionally strong capital-markets contributions rather than evidence that the bank's broader earnings trajectory has deteriorated.
#investment #banking #year
29 days ago
U.S. spot Bitcoin ETFs shed $450.4 million on Tuesday, their largest single-day outflow since June 24, according to Decrypt's Bitcoin ETF tracker.
ETFs, or exchange-traded funds, are products that let ordinary investors buy exposure to an ***** et, such as Bitcoin, through a regular brokerage account, without ever touching a crypto wallet. They've been extremely popular since first launching two years ago and have become a proxy for overall market sentiment as money flows in and out of them daily.
Fidelity's FBTC led the exodus Tuesday with $214.8 million pulled out. BlackRock's IBIT lost $161.7 million, Grayscale's GBTC shed $44.1 million, and ARK 21Shares and Bitwise's funds saw smaller withdrawals.
Ethereum ETFs bled another $142.3 million the same day, and XRP funds, smaller and newer, held flat after pulling in $11.3 million the day prior.
Combined, the three ***** et funds lost close to $593 million in a single session—the sharpest one-day pullback crypto ETFs have seen since June, when Bitcoin funds posted their worst month on record.
#million #etfs #since #tuesday
ETFs, or exchange-traded funds, are products that let ordinary investors buy exposure to an ***** et, such as Bitcoin, through a regular brokerage account, without ever touching a crypto wallet. They've been extremely popular since first launching two years ago and have become a proxy for overall market sentiment as money flows in and out of them daily.
Fidelity's FBTC led the exodus Tuesday with $214.8 million pulled out. BlackRock's IBIT lost $161.7 million, Grayscale's GBTC shed $44.1 million, and ARK 21Shares and Bitwise's funds saw smaller withdrawals.
Ethereum ETFs bled another $142.3 million the same day, and XRP funds, smaller and newer, held flat after pulling in $11.3 million the day prior.
Combined, the three ***** et funds lost close to $593 million in a single session—the sharpest one-day pullback crypto ETFs have seen since June, when Bitcoin funds posted their worst month on record.
#million #etfs #since #tuesday
29 days ago
Cipher Digital (NASDAQ: CIFR) stock is roaring higher on Wednesday. The company's share price was up 13.9% as of 10:35 a.m. ET. At the same point in the daily session, the S&P 500 and the Nasdaq Composite were up 0.2% and 0.6%, respectively.
After recent sell-offs driven by concerns about the potential for increased regulation in the artificial intelligence (AI) industry, stocks in the category are seeing some rebound trading in today's session. In addition to that bullish catalyst, Cipher Digital stock is getting a big boost from news connected to its Texas data center projects.
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 »
The potential for AI to create dangerous outcomes has been a center-stage news item and point of political discussion recently, and increased focus on the topic has powered some valuation pullbacks for artificial intelligence companies. Calls for increased regulation of the AI industry have caused concerns among investors that growth in the category could be impeded, but stocks in the ******* e are broadly seeing some rebound momentum in today's trading.
Before the market opened this morning, the Electric Reliability Council of Texas (ERCOT) published an update through its Batch Zero evaluation framework indicating grid capacity of up to 3.2 gigawatts for Cipher's data centers in the state. The update bodes well for the scaling of the company's AI compute business, and investors are bidding up the stock today in response.
#NVIDIA #Stock #increased #flashing
After recent sell-offs driven by concerns about the potential for increased regulation in the artificial intelligence (AI) industry, stocks in the category are seeing some rebound trading in today's session. In addition to that bullish catalyst, Cipher Digital stock is getting a big boost from news connected to its Texas data center projects.
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 »
The potential for AI to create dangerous outcomes has been a center-stage news item and point of political discussion recently, and increased focus on the topic has powered some valuation pullbacks for artificial intelligence companies. Calls for increased regulation of the AI industry have caused concerns among investors that growth in the category could be impeded, but stocks in the ******* e are broadly seeing some rebound momentum in today's trading.
Before the market opened this morning, the Electric Reliability Council of Texas (ERCOT) published an update through its Batch Zero evaluation framework indicating grid capacity of up to 3.2 gigawatts for Cipher's data centers in the state. The update bodes well for the scaling of the company's AI compute business, and investors are bidding up the stock today in response.
#NVIDIA #Stock #increased #flashing
1 month ago
During the September 10 episode of Mad Money, a caller questioned whether recent vertical integration by industrial competitors and market selloffs warranted a lower valuation for Howmet Aerospace Inc.'s (NYSE:HWM) economic moat, or if demand remained strong enough to make the pullback an overreaction. Jim Cramer replied:
Now, look, I'll tell you, here's the problem… It's a fastener company, and it frankly is, most times, very commodity-oriented business, and it happens to sell at 44 times earnings, and we don't want to pay that for commodities even though the business is strong. I think people are saying, "Wait a second, that's too much to pay, and I'm going to wait till it goes lower." And if you look at the chart, it does seem like it is going lower.
Howmet Aerospace Inc. (NYSE:HWM) occupies a sole-source or primary-supplier position across critical narrowbody and widebody aircraft programs, providing single-crystal turbine blades, advanced structural castings, and **** anium fasteners. Approval and qualification requirements, manufacturing complexity, and a limited supplier base can make alternative sources difficult to establish quickly. That gives the company strong pricing power on both new plane parts and higher-margin replacement spares.
The structural advantages of Howmet Aerospace Inc.'s (NYSE:HWM) business model can be seen in its Q2 financial results. Revenue surged over 24% year-over-year (21% organically) to $2.55 billion, driven by a 28% jump in commercial aerospace revenue, a 38% expansion in industrial gas turbines, and an 11% gain in defense aerospace. The core Engine Products division recorded third-party sales of $1.37 billion, up 32% year-over-year, while segment adjusted EBITDA margins expanded by 470 basis points to 37.7%.
Despite its market positioning, Howmet Aerospace Inc. (NYSE:HWM) carries valuation risks that advise a cautious approach. Trading at elevated EV/EBITDA and forward P/E multiples relative to traditional industrial peers, the stock leaves little margin for operational missteps. Capital expenditures are projected to exceed $500 million in 2026 as the company builds out production capacity for next-generation engine components and gas turbines, reducing near-term free cash conversion flexibility.
#lower #ebitda
Now, look, I'll tell you, here's the problem… It's a fastener company, and it frankly is, most times, very commodity-oriented business, and it happens to sell at 44 times earnings, and we don't want to pay that for commodities even though the business is strong. I think people are saying, "Wait a second, that's too much to pay, and I'm going to wait till it goes lower." And if you look at the chart, it does seem like it is going lower.
Howmet Aerospace Inc. (NYSE:HWM) occupies a sole-source or primary-supplier position across critical narrowbody and widebody aircraft programs, providing single-crystal turbine blades, advanced structural castings, and **** anium fasteners. Approval and qualification requirements, manufacturing complexity, and a limited supplier base can make alternative sources difficult to establish quickly. That gives the company strong pricing power on both new plane parts and higher-margin replacement spares.
The structural advantages of Howmet Aerospace Inc.'s (NYSE:HWM) business model can be seen in its Q2 financial results. Revenue surged over 24% year-over-year (21% organically) to $2.55 billion, driven by a 28% jump in commercial aerospace revenue, a 38% expansion in industrial gas turbines, and an 11% gain in defense aerospace. The core Engine Products division recorded third-party sales of $1.37 billion, up 32% year-over-year, while segment adjusted EBITDA margins expanded by 470 basis points to 37.7%.
Despite its market positioning, Howmet Aerospace Inc. (NYSE:HWM) carries valuation risks that advise a cautious approach. Trading at elevated EV/EBITDA and forward P/E multiples relative to traditional industrial peers, the stock leaves little margin for operational missteps. Capital expenditures are projected to exceed $500 million in 2026 as the company builds out production capacity for next-generation engine components and gas turbines, reducing near-term free cash conversion flexibility.
#lower #ebitda
1 month ago
As of 11:38 AM ET, the S&P 500 (SNPINDEX:^GSPC) is down 0.44% to 7,623, the Nasdaq Composite (NASDAQINDEX:^IXIC) has fallen 0.44% to 26,217 as cooling artificial intelligence sentiment weighs on growth stocks, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.36% lower to 52,422.
Gold is down 1.88% to $4,325.10, and the 10-Year Treasury yield has slipped 0.02% to 4.96%, after reaching 5% for the first time since 2023. Communication stocks and healthcare are leading sector gains, while basic materials and industrials are underperforming.
Meta Platforms is climbing today after Goldman Sachs maintained a Buy rating, stressing the potential upside from its Muse AI agent. Micron Technology tumbled over 5% following warnings about the risks of rapid AI development. Those same concerns drove gains in cybersecurity stocks -- CrowdStrike Holdings soared 15%.
Tech leaders have issued dire warnings about the risks of rapid artificial intelligence (AI) development in recent days, prompting an industrywide pullback. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman both highlighted the dangers that advanced systems could quickly move beyond human control and called for a slower pace of development.
Investors fear any slowdown could impact demand for AI infrastructure, pressuring some of this year's outperformers, such as Marvell Technology, CoreWeave, and Intel. Those worries are understandable, but it is important think about how any controls on AI development might impact long-term growth. Near-term sentiment may slip, but AI isn't going to disappear, and there is a chance that a slower build-out could actually strengthen the industry in the long term.
#down
Gold is down 1.88% to $4,325.10, and the 10-Year Treasury yield has slipped 0.02% to 4.96%, after reaching 5% for the first time since 2023. Communication stocks and healthcare are leading sector gains, while basic materials and industrials are underperforming.
Meta Platforms is climbing today after Goldman Sachs maintained a Buy rating, stressing the potential upside from its Muse AI agent. Micron Technology tumbled over 5% following warnings about the risks of rapid AI development. Those same concerns drove gains in cybersecurity stocks -- CrowdStrike Holdings soared 15%.
Tech leaders have issued dire warnings about the risks of rapid artificial intelligence (AI) development in recent days, prompting an industrywide pullback. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman both highlighted the dangers that advanced systems could quickly move beyond human control and called for a slower pace of development.
Investors fear any slowdown could impact demand for AI infrastructure, pressuring some of this year's outperformers, such as Marvell Technology, CoreWeave, and Intel. Those worries are understandable, but it is important think about how any controls on AI development might impact long-term growth. Near-term sentiment may slip, but AI isn't going to disappear, and there is a chance that a slower build-out could actually strengthen the industry in the long term.
#down
1 month ago
Intel's 7% drop and AMD's 6% slide outpace NVIDIA's 3% pullback, an order that is the reverse of AI exposure ranking, suggesting a positioning unwind rather than a demand shift.
SOXX falling 6% against QQQ's 2% drop confirms the sell-off is chip-specific, not a broad Nasdaq retreat.
Amodei explicitly ruled out halting AI training, and Anthropic itself committed to deploying AMD's MI450 GPUs in a disclosed partnership.
Just released. Our **** ysts combed the entire stock market and named the ten best stocks to buy right now, and NVIDIA made the cut. Enter your email to see the other nine names and why NVDA earned its spot. The report is free. Enter your email and see the full list.
Chip stocks are sliding in early Monday trading after an AI pacing appeal over the weekend rippled beyond memory suppliers and into logic and accelerator names. Intel (NASDAQ:INTC) stock is falling 7% to $95.96, AMD (NASDAQ:AMD) stock is down 6% to $486.80, and NVIDIA (NASDAQ:NVDA) stock is declining 3% to $212.50. Intel is falling hardest of the three, NVIDIA is falling the least, and AMD sits in the middle, an ordering that runs opposite to each name's exposure to AI accelerator demand.
#nvda
SOXX falling 6% against QQQ's 2% drop confirms the sell-off is chip-specific, not a broad Nasdaq retreat.
Amodei explicitly ruled out halting AI training, and Anthropic itself committed to deploying AMD's MI450 GPUs in a disclosed partnership.
Just released. Our **** ysts combed the entire stock market and named the ten best stocks to buy right now, and NVIDIA made the cut. Enter your email to see the other nine names and why NVDA earned its spot. The report is free. Enter your email and see the full list.
Chip stocks are sliding in early Monday trading after an AI pacing appeal over the weekend rippled beyond memory suppliers and into logic and accelerator names. Intel (NASDAQ:INTC) stock is falling 7% to $95.96, AMD (NASDAQ:AMD) stock is down 6% to $486.80, and NVIDIA (NASDAQ:NVDA) stock is declining 3% to $212.50. Intel is falling hardest of the three, NVIDIA is falling the least, and AMD sits in the middle, an ordering that runs opposite to each name's exposure to AI accelerator demand.
#nvda
1 month ago
Dire warnings on AI from the CEOs of Anthropic (ANTH.PVT) and OpenAI (OPAI.PVT) could weigh especially heavily on the business of CoreWeave if the tech is reined in.
"The most exposed name in our coverage is CoreWeave," Bernstein ******* yst Madison Rezaei wrote in a note on Monday. "We estimate that 25% of their existing active U.S. power, with an additional ~74% of their contracted power, is situated in Tier 3 and Tier 4 markets. The backlog is primarily comprised of take-or-pay contracts, so we do not anticipate a threat there, but could see a pullback in demand for the contracted, not-yet-sold rural power if training development slows."
CoreWeave shares fell nearly 7% in premarket trading, one of the worst slides in the AI stock patch on the fresh CEO warnings.
Within the course of two days, AI ******* ans at Anthropic (ANTH.PVT), CEO Dario Amodei, and OpenAI (OPAI.PVT), CEO Sam Altman, have managed to scare the ******* out of the human race with the powerful technology they created and pushed their teams full of pioneering super-coders to supercharge.
"Over the last few months, I have become convinced that fully addressing the risks requires even more prudence — not just investing in risk prevention, but pacing the rate of capabilities advancement so that risk prevention has time to keep up," Amodei stated in a 3,800-word essay on Saturday. "We must slow the pace at which we improve the capabilities of A.I. models. Progress will still seem fast, and we must make wise use of the time we gain."
#power #anth #openai #warnings
"The most exposed name in our coverage is CoreWeave," Bernstein ******* yst Madison Rezaei wrote in a note on Monday. "We estimate that 25% of their existing active U.S. power, with an additional ~74% of their contracted power, is situated in Tier 3 and Tier 4 markets. The backlog is primarily comprised of take-or-pay contracts, so we do not anticipate a threat there, but could see a pullback in demand for the contracted, not-yet-sold rural power if training development slows."
CoreWeave shares fell nearly 7% in premarket trading, one of the worst slides in the AI stock patch on the fresh CEO warnings.
Within the course of two days, AI ******* ans at Anthropic (ANTH.PVT), CEO Dario Amodei, and OpenAI (OPAI.PVT), CEO Sam Altman, have managed to scare the ******* out of the human race with the powerful technology they created and pushed their teams full of pioneering super-coders to supercharge.
"Over the last few months, I have become convinced that fully addressing the risks requires even more prudence — not just investing in risk prevention, but pacing the rate of capabilities advancement so that risk prevention has time to keep up," Amodei stated in a 3,800-word essay on Saturday. "We must slow the pace at which we improve the capabilities of A.I. models. Progress will still seem fast, and we must make wise use of the time we gain."
#power #anth #openai #warnings
1 month ago
Updated Sept. 11, 2026 2:42 pm ET
Listen
(3 min)
1420 ET – Gold futures hold steady as a pullback in oil prices helps offset the impact of an inflation report that increased expectations for a Fed interest-rate rise next week. Front-month gold settles little changed on the day in New York at $4,366.20 a troy ounce, and is down 1.4% for the week. Gold and silver remain within a range of strong support, says Peter Cardillo of Spartan Capital, and if the Fed does raise interest rates next week “it’s symbolic since the bond market had already tightened.” Silver settles up 0.4% at $64.554 a troy ounce, down 2.3% from a week ago. (anthony.harrupwsj.com)
1306 GMT – Gold prices rebounded after oil prices fell more than 2.5%, easing some inflationary concerns. Futures in New York rise 0.3% to $4,422.40 a troy ounce, but remain on track for a weekly loss. U.S. consumer prices accelerated in August, bolstering market expectations that the Federal Reserve could raise interest rates next week. According to the FedWatch tool, traders are now pricing in a nearly 87% probability that the U.S. central bank will raise interest rates next week, from around 67% earlier on Friday. Still, “while the markets appear to be placing their proverbial bets on a hike, it’s likely that members of the FOMC won’t be quite as unequivocal,” says Kyle Rodda from Capital.com. “The doves on the committee, of which there are many, are likely to argue the case that the dip in annual core inflation justifies patience.” (giulia.petroniwsj.com)
#week #Gold #next #rates
Listen
(3 min)
1420 ET – Gold futures hold steady as a pullback in oil prices helps offset the impact of an inflation report that increased expectations for a Fed interest-rate rise next week. Front-month gold settles little changed on the day in New York at $4,366.20 a troy ounce, and is down 1.4% for the week. Gold and silver remain within a range of strong support, says Peter Cardillo of Spartan Capital, and if the Fed does raise interest rates next week “it’s symbolic since the bond market had already tightened.” Silver settles up 0.4% at $64.554 a troy ounce, down 2.3% from a week ago. (anthony.harrupwsj.com)
1306 GMT – Gold prices rebounded after oil prices fell more than 2.5%, easing some inflationary concerns. Futures in New York rise 0.3% to $4,422.40 a troy ounce, but remain on track for a weekly loss. U.S. consumer prices accelerated in August, bolstering market expectations that the Federal Reserve could raise interest rates next week. According to the FedWatch tool, traders are now pricing in a nearly 87% probability that the U.S. central bank will raise interest rates next week, from around 67% earlier on Friday. Still, “while the markets appear to be placing their proverbial bets on a hike, it’s likely that members of the FOMC won’t be quite as unequivocal,” says Kyle Rodda from Capital.com. “The doves on the committee, of which there are many, are likely to argue the case that the dip in annual core inflation justifies patience.” (giulia.petroniwsj.com)
#week #Gold #next #rates
1 month ago
On September 8, a caller inquired if Trinity Industries, Inc. (NYSE:TRN) is worth looking at after its recent pullback. Mad Money host Jim Cramer replied:
Yes, Railcar, shouldn't be down this much. I like your thinking. You waited for the big hit. Now, it's in a good place. I would pull the trigger.
Trinity Industries, Inc. (NYSE:TRN) has faced a sharp correction, pulling back significantly from its 52-week high of $38.31. Despite this downward pressure, the company's fundamental **** et base remains exceptionally stable. In its second-quarter earnings report, the company posted total revenues of $485 million and diluted earnings per share from continuing operations of $1.25, with earnings benefiting from a $132 million non-cash pre-tax gain tied to the Napier Park railcar partnership transaction.
The leasing and services segment continues to support the business, posting a robust fleet utilization rate of 97.3% and an improved lease renewal success rate of 75%. In addition, the Future Lease Rate Differential improved to +3.5%, showing healthy pricing power on expiring contracts. Management reaffirmed its full-year EPS guidance of $2.20 to $2.40, supported by a solid railcar backlog standing at $1.6 billion.
The primary catalyst for Trinity Industries, Inc.'s (NYSE:TRN) recent sell-off stems from margin compression within the Rail Products manufacturing division. Operating margins in manufacturing faced pressure from an unplanned production interruption at the Longview manufacturing facility and temporary realignment expenses tied to the company's Mexican footprint. These localized execution issues overshadowed a strong quarterly performance in leasing, causing the stock to drift below both its 50-day and 200-day moving average.
#trinity
Yes, Railcar, shouldn't be down this much. I like your thinking. You waited for the big hit. Now, it's in a good place. I would pull the trigger.
Trinity Industries, Inc. (NYSE:TRN) has faced a sharp correction, pulling back significantly from its 52-week high of $38.31. Despite this downward pressure, the company's fundamental **** et base remains exceptionally stable. In its second-quarter earnings report, the company posted total revenues of $485 million and diluted earnings per share from continuing operations of $1.25, with earnings benefiting from a $132 million non-cash pre-tax gain tied to the Napier Park railcar partnership transaction.
The leasing and services segment continues to support the business, posting a robust fleet utilization rate of 97.3% and an improved lease renewal success rate of 75%. In addition, the Future Lease Rate Differential improved to +3.5%, showing healthy pricing power on expiring contracts. Management reaffirmed its full-year EPS guidance of $2.20 to $2.40, supported by a solid railcar backlog standing at $1.6 billion.
The primary catalyst for Trinity Industries, Inc.'s (NYSE:TRN) recent sell-off stems from margin compression within the Rail Products manufacturing division. Operating margins in manufacturing faced pressure from an unplanned production interruption at the Longview manufacturing facility and temporary realignment expenses tied to the company's Mexican footprint. These localized execution issues overshadowed a strong quarterly performance in leasing, causing the stock to drift below both its 50-day and 200-day moving average.
#trinity
1 month ago
Bitcoin (CRYPTO: $BTC) and other cryptocurrencies were down to end the trading week on Sept. 11 as the odds of an interest rate hike in the U.S. continued to rise. Futures markets now see a greater than 70% chance that the U.S. Federal Reserve raises interest rates by 25-basis points at its meeting on Sept. 16.
Markets ratcheted up their expectations for higher interest rates following a hot U.S. inflation report for August, and as crude oil hovers near $100 U.S. a barrel for the first time since May of this year. Higher interest rates are negative for risk **** ets such as crypto. As a result, Bitcoin was trading at $77,500 U.S. at week's end, down from a recent high of $82,000 U.S.
Other digital **** ets were also under pressure, with Ethereum's (CRYPTO: $ETH) price right around $2,500 U.S. Despite the pullback, crypto prices remain sharply higher than where they were a month ago, when Bitcoin was trading below $65,000 U.S. BTC peaked at an all-time high of $126,198.07 U.S. on Oct. 6 of last year.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Crypto #sept #down
Markets ratcheted up their expectations for higher interest rates following a hot U.S. inflation report for August, and as crude oil hovers near $100 U.S. a barrel for the first time since May of this year. Higher interest rates are negative for risk **** ets such as crypto. As a result, Bitcoin was trading at $77,500 U.S. at week's end, down from a recent high of $82,000 U.S.
Other digital **** ets were also under pressure, with Ethereum's (CRYPTO: $ETH) price right around $2,500 U.S. Despite the pullback, crypto prices remain sharply higher than where they were a month ago, when Bitcoin was trading below $65,000 U.S. BTC peaked at an all-time high of $126,198.07 U.S. on Oct. 6 of last year.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Crypto #sept #down
1 month ago
But first, what's optoelectronics?
Computers speak in electrons. Fiber in fiber optic cable speaks photons. Connect the two and that's optoelectronics.
Lasers provide the light and modulators encode digital information to be transmitted:
Optoelectronics technology is efficient and solving a data transmission problem that's been an AI bottleneck recently.
Recent pullbacks in two great optoelectronics companies have provided potentially attractive opportunities. The first company is Ciena (CIEN), a $50 billion market capitalization firm that makes high-speed optical network equipment.
#optoelectronics #fiber #connect #speak
Computers speak in electrons. Fiber in fiber optic cable speaks photons. Connect the two and that's optoelectronics.
Lasers provide the light and modulators encode digital information to be transmitted:
Optoelectronics technology is efficient and solving a data transmission problem that's been an AI bottleneck recently.
Recent pullbacks in two great optoelectronics companies have provided potentially attractive opportunities. The first company is Ciena (CIEN), a $50 billion market capitalization firm that makes high-speed optical network equipment.
#optoelectronics #fiber #connect #speak
