Advanced Micro Devices (AMD) dropped through its 50-day moving average on Monday as talk of the artificial intelligence bubble bursting starts to get louder. With that in mind, AMD stock is setting up as an interesting bearish candidate when looking for new option trades.
Today, I'll look at a setup known as a bear put spread. This is a bearish option trade that benefits from further downside in the stock price.
A bear put spread is a debit spread, meaning we need to pay the premium in order to open the trade.
On AMD, investors could set up a bear put spread by using the 440 strike as the long put and the 430 strike as the short put for the Sept. 18 expiration. Based on recent trading, this trade would cost around $355 per contract with a maximum potential gain of $645.
To achieve the maximum profit, this trade would need AMD stock to drop a further 13% between now and expiration on Sept. 18.

#sept #option

Cathie Wood doesn't mind volatility. The founder, CEO, and chief investment officer of Ark Invest went shopping as many of her existing positions were sinking.
Ark bought more shares of Tesla (NASDAQ: TSLA), **** e Exploration Technologies (NASDAQ: SPCX), and Meta Platforms (NASDAQ: META) last week. The stocks would go on to decline between 7% and 18% for the week. Let's take a closer look at some of Wood's most prolific trades from the past week, each one among the 10 largest companies by market cap.
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 »
It's been a **** py road for the world's largest automaker by market cap. Tesla stock has fallen 16% in the final two trading days of last week, after the company posted disappointing financial results. The pullback isn't a fluke. Tesla has now fallen a humbling 37% since peaking seven months ago. Tesla entered this week just 5% away from taking out its 52-week low.
The second-quarter results were problematic. Total revenue rose 26% to $28.2 billion, but that was largely expected. Tesla had announced a 25% jump in vehicles delivered during the last three months three weeks ago. It's commendable that Tesla is growing its flagship business, following back-to-back quarters of sequential declines after the end of federal tax credits for electric vehicles in the third quarter of last year. The report gets worse once you get past the top-line results.

#last #NVIDIA #flashing

GEV's $176B backlog positions it as the premium AI infrastructure bet; NEE trades at 22x forward earnings with 8%+ EPS growth through 2032.
NextEra's Duane Arnold nuclear restart, backed by a 25-year Google PPA, targets Q1 2029 and anchors its long-term AI power strategy.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and NextEra Energy didn't make the cut. Grab the names FREE today.
GE Vernova (NYSE:GEV) and NextEra Energy (NYSE:NEE) reported June-quarter results within 48 hours of each other. GEV sells the turbines, transformers, and grid gear every hyperscaler needs. NextEra owns the megawatts, the interconnects, and a Florida utility that hyperscalers want to plug into. Two ways to buy the same AI power bottleneck.
GE Vernova posted Q2 revenue of $11.10 billion, up 21.8% year over year, with bookings of $24.2 billion and a $176 billion backlog. Electrification revenue jumped 68%, and $2.7 billion of that came from data center orders in the quarter alone. CEO Scott Strazik told investors GEV is "on track to deliver 20 GW of annual gas turbine output in the third quarter of 2026, with 24 GW in 2028" and 30 GW by 2030. Wind guidance includes roughly $400 million in EBITDA losses.

#nextera #quarter #backlog

The preliminary fiscal Q4 2026 update from Super Micro Computer Inc. (NASDAQ:SMCI), which was announced on July 21, serves as a case study in the distinction between a discounted valuation and a 'value trap'. The server manufacturer announced more than $60 billion in new orders during the quarter, a record backlog, and guided gross margins to 15-17%, nearly doubling its previous 8.2-8.4% prediction, citing a better customer and product mix.
Revenue is still expected to be near the low end of its $11-12.5 billion guidance range, below the roughly $11.67 billion ****** yst consensus, though shares rose as much as 20% on the news, with margin and order data clearly outweighing the top-line miss for investors focused on where the business is going.
For the broader technology ecosystem, Super Micro Computer Inc. (NASDAQ:SMCI)'s order increase is an important indicator of downstream artificial intelligence hardware demand. Since Super Micro Computer Inc. (NASDAQ:SMCI) bases its high-performance server clusters on NVIDIA GPU architectures and has historically contributed roughly 9% of NVIDIA's total revenue, the $60 billion order intake provides solid proof that hyperscaler AI infrastructure spending remains strong. At a time when macro experts have questioned the ability of major cloud providers to continue multibillion-dollar capital expenditure cycles, Super Micro's record backlog indicates that customer demand for liquid-cooled AI computing racks is increasing rather than decreasing.
However, Super Micro's own history is why the stock's price can't be evaluated the same way a clean order-book beat generally is. Back in March 2026, federal prosecutors unveiled an indictment charging co-founder and board member Yih-Shyan "Wally" Liaw, along with two other individuals ****** ociated with the company, with collaborating to smuggle $2.5 billion in NVIDIA-powered AI servers to China in breach of US export regulations. Shares plunged more than 28% in a single day as a result of the announcement, and one ****** yst reported by Yahoo Finance at the time described the company as "uninvestable."
That history is reflected in how cheap the company has become, despite the solid order data: Super Micro Computer Inc. (NASDAQ:SMCI) trades at a forward P/E ratio of approximately 9x, less than half the hardware sector median of about 24x, and a PEG ratio of around 0.4, both of which would ordinarily indicate serious undervaluation.

#micro #smci #billion #company

For a 7-9-1 team last season, the Dallas Cowboys talk a lot about the Super Bowl.
There's nothing wrong with having big goals, and the Cowboys aren't being shy. Coach Brian Schottenheimer reminded everyone earlier this offseason that the Super Bowl is Feb. 14, 2027, and "We plan on being there." Owner Jerry Jones is on that page too.
Jones' address to the media at the start of training camp is always a must-see event, because Jones is likely to say just about anything. And on Tuesday, he was confident about his team.
Jones wouldn't specifically predict his team will make a Super Bowl, but he wasn't backing down from that chatter either.
Jones is so high on his team that he said he has already been asking around about trades.

#dallas

The U.S. dollar, euro and British pound enter a pivotal week as investors prepare for the Federal Reserve's July 29 to 30 meeting and the ECB's decision last week while new data comes through. Most **** ysts expect that the Fed will leave rates where they are, although the market will be watching out for clues from Chair Jerome Powell given that the latest US data has confirmed the strength of the economy.
June retail sales were up by 0.2% on the month, while the control group increased by 0.4%, and initial claims for unemployment benefits dropped to 208,000, a three-month low, underlining the strength of the consumer and the labour market. This week brings out the second-quarter GDP, the PCE inflation print for June and July non-farm payrolls which could alter thinking around the second half of the year.
The ECB decided to keep its deposit rate at 2.25% as it sees inflation edging toward its 2% target while remaining data-dependent. ECB President Christine Lagarde said growth remains weak, with members continuing to **** s the impact of the economic effect of trade and higher energy costs on the economic environment.
Sterling remains supported by expectations that the Bank of England will proceed cautiously after it kept Bank Rate at 3.75%, and it sees the UK policymakers juggle between curbing inflation and a steady wage-growth and a cooling labour market. UK mortgage approvals, consumer credit and business surveys are released this week as they provide evidence for the economy ahead of the next Bank of England meeting.
The U.S. Dollar Index is maintaining a healthy uptrend after bouncing off support in the 100.50 zone along the uptrend line. Currently, the index trades at 101.28, keeping the 50-day EMA (101.12) and 100-day EMA (101.01) beneath the index level. The RSI is sitting at 53.

#market #inflation #england

Luis Robert Jr. doesn't want to be traded by the Mets.
"To be honest, I'd like to stay here," Robert told Anthony DiComo of MLB.com on Monday. "I don't like those types of moves or trades that just happen in the middle of the season and you have to move around fast."
Whether he prefers to stay in Queens with the Mets, Robert needs to brace for a trade.
Outfield is the least of the Mets' problems as the focus shifts to next season and beyond. With phenoms A.J. Ewing and Carson Benge blossoming into everyday players alongside superstar Juan Soto, it would be a surprise if the Mets picked up Robert's $20 million club option for next year. There's no spot for him to get consistent playing time.
Therefore, since Robert must be treated like a player on an expiring deal, the Mets will look to get as much back for him as they can. Bob Nightengale of USA Today used the word "desperate" to describe how badly the Mets are trying to move Robert this week.

#robert #next #anthony #dicomo

The halfway point of the 2026 WNBA season is here. The All-Star Game is over and the trade deadline looms at 3 p.m. ET, Aug. 2. Teams must now decide if they're going all-in for a championship run or hitting the reset ****** on ahead of next season.
Typically, the WNBA doesn't see blockbuster deals at the trade deadline, but there have been a few exceptions. The Connecticut Sun acquired Marina Mabrey from the Chicago Sky at the 2024 deadline before advancing to the semifinals in the playoffs. In 2015, the Minnesota Lynx picked up Sylvia Fowles — also from the Sky — on their way to winning what would be their third of four championships in seven seasons.
Will a league-altering trade be made this season? That remains to be seen, but it's a fun exercise to speculate.
This week's WNBA power rankings, which publish every Tuesday, are accompanied by trades we think make sense for every team.
Trade target: Sydney Taylor, G, Chicago Sky

#trade #typically

Yes -- by the numbers, Wall Street is treating Advanced Micro Devices (NASDAQ: AMD) as close to fully valued going into next week's report. The average price target on the stock is $570.60, about 9% above Friday's close of $521.95.
That cushion is thin for a stock this well-liked. Of the 51 ***** ysts covering AMD, 41 rate it a buy, 10 rate it a hold, and none rate it a sell. Nearly everyone recommends the stock. Almost ***** ody's math leaves room for much upside.
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 »
Additionally, published targets stretch from $320 to $1,250, so there's no shortage of disagreement about where the chipmaker is headed. But the average lands close to where the stock already trades.
The stock's valuation multiple explains the caution. At about $522, AMD trades at about 170 times earnings and about 59 times forward earnings estimates, with a market capitalization of about $851 billion. The trailing figure reflects where the profits were over the past year. The forward one ***** umes the growth keeps coming.

#NVIDIA #average #trades #times

Enterprise AI agents were meant to be the breakout software offering for 2026, yet instead they've become one of the major sources of buyer distrust. According to Anaconda and Forrester research, over 88% of AI agent pilots never reach production, as confirmed by independent polls from a16z and MIT Sloan's CIO panel, while Gartner predicts that more than 40% of agentic AI initiatives will be discontinued entirely by 2027 due to questionable ROI.
Salesforce Inc. (NYSE:CRM) walked into the gap between agent hype and agent reality when it placed its growth narrative on Agentforce, and by 2026, that bet has made Salesforce Inc. (NYSE:CRM) one of the worst-performing components of the Dow Jones Industrial Average, down around 31.48% year to date.
The immediate cause appears to be a credibility problem, not a demand issue. Bernstein downgraded Salesforce Inc. (NYSE:CRM) to Sector Weight from Outperform on July 9, removing its price target completely and citing poor customer feedback on Agentforce in particular. According to **** yst Jackson Ader, the released data doesn't yet indicate growing momentum, and a recent CIO survey found Salesforce Inc. (NYSE:CRM) to be "a standout for the wrong reasons."
That said, this interpretation is not uniform, and the debate on the market is serious. On July 14, Goldman Sachs reiterated its Buy rating and $242 price target, expecting organic growth to pick up in the third quarter as more details on AI monetization become available at Salesforce's Agentforce event in September. Goldman's more constructive reading is based on management's own acknowledgment of headwinds in Tableau, Commerce, and Marketing, which the firm sees as realistic rather than concerning, arguing that Salesforce Inc. (NYSE:CRM) is being open about a 12-to-24-month drag on its organic growth algorithm rather than covering it up.
Salesforce Inc. (NYSE:CRM)'s historical valuation decline looks to be the most mispriced aspect of the market story. Shares are currently trading at a compressed forward earnings multiple of only 10.83x, a substantial drop from the stock's five-year historical average of over 127x. The disparity is even more obvious when compared to prominent peers such as ServiceNow, which trades at a forward P/E of around 20.43x and requires consistent revenue growth above 18% through 2028 to maintain its valuation premium. Salesforce's current valuation of less than 11x forecast earnings is in near-total deadlock, despite the company's strong free cash flow generation and substantial enterprise data integration.

#valuation #july

Before (SPCX) went public, I wrote that the extraordinary demand for its IPO might be the warning. The shares were priced at $135, climbed to $225.64, and closed Friday at $115.07. Investors who loved the stock six weeks ago now appear eager to sell it. The company has lost almost half its value since the high. Short sellers, meanwhile, are sitting on an estimated $15.5 billion of paper profits.
That first article was about scarcity and behavior. Too many investors chased too few shares, and the excitement around owning (SPCX) became more important than the price they paid.
When the stock returned to its IPO price, I wrote that $135 was not automatically a buy. An offering price is a number agreed upon during a sales process, not a declaration of fair value.
Both warnings have held up. But markets move, and the risk has now moved with them.
The dangerous crowd is no longer only the one that chased (SPCX) higher. It may now include the investors who believe the decline has become an easy one-way trade.
I still think (SPCX) is expensive. At Friday's price, the company is worth roughly $1.5 trillion. Aswath Damodaran, the NYU professor known as the dean of valuation, estimated its equity value at around $1.3 trillion before the IPO. His largest concern was the value being attached to the artificial-intelligence business, where the ***** umptions are much harder to defend than they are for Starlink or the launch operation. The bears have a case. My concern is that they are becoming too comfortable with it.
The Easy Part of the Short May Be Over
Around 360 million (SPCX) shares, representing roughly 56% of the freely traded stock, were out on loan earlier last week. Short sellers were not using the decline to take profits. According to Ortex, they were increasing their positions. That does not prove they are mistaken. Crowded trades can remain profitable for a long time. It does tell us what might happen if the news starts improving.
A short seller eventually has to buy the shares back. When a large part of the available stock has already been borrowed and sold, even a modest change in expectations can create demand from investors who are not buying because they suddenly love the company. They are buying because the trade is moving against them. This is the mirror image of the IPO. In June, investors were afraid they would miss the rise. Now short sellers are afraid they will miss the decline. A stock rising from $135 to $225 felt safer because other investors appeared to agree with the bullish story. A stock falling toward $115 makes the bearish argument feel more obvious because the price appears to confirm it. Price is evidence, but it is not always proof.
(SPCX)'s launch economics did not deteriorate by 49%. Starlink did not lose half its subscribers. The stock fell because expectations, positioning, and the supply of willing buyers changed.

#investors #price #shares #company

For the first time in several quarters, there's genuine uncertainty around what the Federal Reserve is going to do at its upcoming July 28-29 meeting.
According to the latest dot plot report, about half of the Fed's voting members favor a rate hike by year-end, while the other half don't. New chair Kevin Warsh himself decided not to submit his own economic projection in June and has been vague about where and when he thinks rates will move next. The only real indication he's given is that he has "no tolerance" for high inflation.
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 markets hate uncertainty, and this situation is loaded with it. So how should you position your portfolio heading into the July Fed meeting? The best solution might be the simplest one.
A lot of people are going to be tempted to make trades or portfolio adjustments based on whether they think the Fed will hold rates steady or hike them.

#NVIDIA #flashing #first #uncertainty

The 2026 Major League Baseball Trade Deadline is just one week away. On Aug. 3 at 6 p.m. ET, teams will no longer be able to enter into trades with one another for the rest of the season.
That means the clock is ticking for contenders to decide what they will do in order to bolster their team, and clubs that have more of a grim outlook for the rest of the season must choose whether or not some contracts need to be dealt to acquire more controllable talent.
Atop the list of contenders are the Los Angeles Dodgers, who, at the time of writing, are 67-39 and maintain a half-game advantage over the Milwaukee Brewers for the best record in baseball. The Dodgers already have a lot of star power, but their goal might require additional help.
Los Angeles has the once-in-a-lifetime chance to three-peat as World Series champions, which would make it the first organization since the 1998-00 New York Yankees to do so. If the Dodgers accomplish it, they would join the Yankees and the Athletics as the only organizations in MLB to accomplish such a feat.
So, if the Dodgers are going to use the Deadline to get even better, they are going to have to make a sacrifice, and that might mean losing outfielder Ryan Ward to another team.

#season #contenders #team

Interested in Ladder Capital Corp? Here are five stocks we like better.
Ladder Capital reported distributable earnings of $30.8 million, or $0.24 per share, in Q2 2026, while management said the stock still trades at a meaningful discount to book value. The company's dividend yield was highlighted as above 9%.
The firm is continuing to rotate capital into higher-yielding balance sheet loans, with more than $800 million of new investments in the quarter and $1.2 billion of loans originated year to date. Management said the loan portfolio grew 75% over the past 12 months and expects net portfolio growth to continue through year-end.
Ladder ended the quarter with $1.1 billion of liquidity and repurchased $8 million of stock at a 25% discount to book value, with $92 million still available under its buyback authorization. Book value per share was $13.44, and management said it remains focused on buybacks, balance-sheet strength and narrowing the valuation gap.
Ladder Corporation: Climbing Higher And Paying 9% Yield

#Stock

Archer Aviation Inc. (NYSE:ACHR) shares are ripping higher, with roughly 19.6% gains in a single session. As of July 21, ACHR trades at $5.29. The market move comes after Archer, with Anduril, unveiled its Thunder autonomous vertical takeoff and landing defense craft, which is designed to accompany crewed aircraft and helicopters.
While the market move is tied to a concrete product launch, there is another catalyst on the calendar this week.
The catalyst that sent the company higher was the launch of an autonomous VTOL aircraft platform with a defense variant called Thunder, jointly developed with the defense company Anduril. At the Farnborough Airshow on July 20, Archer Aviation Inc. (NYSE:ACHR) and Anduril unveiled a jointly developed, series hybrid-electric VTOL platform built for both defense and commercial missions.
The defense variant "Thunder" was of particular focus. It is a Group 5 autonomous attack rotorcraft designed to multiply the combat power of crewed attack and ***** ault aircraft. This marks a real pivot from Archer's original air-taxi pitch into dual-use defense revenue. CEO Adam Goldstein noted defense to be a "huge market" and said, "the applications we can bring in the defense world are quite impressive and very much needed for the warfighter."
Management noted that what sets Thunder apart is "a hybrid-electric powertrain enables the aircraft to achieve significant range and endurance, while still maintaining the necessary precision to closely optimize power through the full range of flight conditions."

#aviation #NYSE

White Falcon Capital Management, an investment fund manager, released its second-quarter 2026 investor letter. A copy can be downloaded here. The portfolio delivered 8.5% in Q2 2026, trailing the S&P 500 TR's (CAD) 17.3%, MSCI AC TR's (CAD) 16.4%, and the S&P TSX TR's 6.9% returns. The YTD's 1.8% return also trailed the indices. The firm is underwhelmed by the portfolio's performance in the quarter; however, the firm emphasizes long-term performance over short-term results. The firm aims to achieve positive absolute returns adjusted for risk over a complete market cycle. The underperformance is not due to the business fundamentals but the momentum-driven rallies in AI-linked stocks. The firm maintains patience and discipline in capital allocation, with valuation as crucial for long-term returns. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, White Falcon Capital Management highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures of AI accelerators, microprocessors, and graphics processing units. On July 22, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $552.33 per share, reflecting a market capitalization of $900.63 billion. Advanced Micro Devices, Inc. (NASDAQ:AMD) posted a one-month return of 0.99%, while its shares gained 231.77% over the past 52 weeks.
White Falcon Capital Management stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor update:
"Before we do that, let's talk about Advanced Micro Devices, Inc. (NASDAQ:AMD). We purchased our initial position in AMD in October 2022 at about $80 per share when the stock was depressed due to weak outlook for its end markets. As is often the case with the market, when it does not like a stock or a sector it discounts it severely and we were able to purchase a cyclical stock (yes, semiconductor stocks were cyclical then!) with a net-cash balance sheet at a depressed multiple of depressed earnings. Our investment was underpinned by our confidence in AMD's management team, its engineering culture, and its ability to consistently deliver competitive products. It turns out that CPU's, AMD's core product, are needed for Agentic AI! The stock took off earlier this year and is currently trading at above $500 per share. From our perspective, the upside we captured was not due to any attempt to predict AI's trajectory, but simply the result of owning a quality company in a secularly growing sector, run by a strong management team at a sensible valuation.
As we've said before, high-quality businesses possess optionality that simply isn't available to mediocre businesses and even as these businesses trade at higher multiples, this optionality is often undervalued. Today, the world can't seem to buy enough semiconductor stocks, and AMD trades at a valuation that reflects a ve

League sources, who spoke on the condition anonymity to discuss ongoing negotiations, said what the Lakers are prepared to offer Atlanta in a trade is underwhelming, whereas Cleveland has potentially more appealing trade pieces. The Cavs have been linked to possible trades of veteran forward Max Strus ($16 million) and point guard Dennis Schröder ($14 million). To execute a sign-and-trade transaction, Cleveland must remain under the NBA's first salary apron of roughly $209 million, which is why James Harden remains unsigned.
This article originally appeared on Hoops Hype: To execute a sign-and-trade transaction, Cleveland …

#trade #cleveland

Montaka Global Investments, an investment management company, released its second-quarter 2026 investor letter. A copy of the update is available to download here. Montaka manages a concentrated portfolio of high–conviction, long-term, competitively advantaged businesses bought when prices are attractive. While it delivered positive returns in the June quarter, its 12-month performance was largely negative due to declines in the March quarter amid the 'SaaSpocalypse', yet the underlying businesses performed well. Montaka's strategy focuses on owning businesses that grow earnings in large markets, which struggled against short-term bottleneck trades that gained popularity. However, Montaka aims for long-term excess returns above market indices, anticipating that current mispricing will eventually correct. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Montaka Global Investments highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 22, 2026, Mastercard Incorporated (NYSE:MA) closed at $531.98 per share, reflecting a market capitalization of $470.05 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 8.81%, while its shares lost 5.59% over the past 52 weeks.
Montaka Global Investments stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa and Mastercard Incorporated (NYSE:MA), for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.

#incorporated #businesses #Investments #quarter

Montaka Global Investments, an investment management company, released its second-quarter 2026 investor letter. A copy of the update is available to download here. Montaka manages a concentrated portfolio of high–conviction, long-term, competitively advantaged businesses bought when prices are attractive. While it delivered positive returns in the June quarter, its 12-month performance was largely negative due to declines in the March quarter amid the 'SaaSpocalypse', yet the underlying businesses performed well. Montaka's strategy focuses on owning businesses that grow earnings in large markets, which struggled against short-term bottleneck trades that gained popularity. However, Montaka aims for long-term excess returns above market indices, anticipating that current mispricing will eventually correct. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Montaka Global Investments highlighted Salesforce, Inc. (NYSE:CRM). Salesforce, Inc. (NYSE:CRM) is a cloud computing company that offers Customer Relationship Management (CRM) technology that brings companies and customers together. On July 22, 2026, Salesforce, Inc. (NYSE:CRM) closed at $163.00 per share. One-month return of Salesforce, Inc. (NYSE:CRM) was 3.52%, and its shares lost 41.92% over the past 52 weeks. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $133.5 billion.
Montaka Global Investments stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q2 2026 investor update:
"The It's Not About the SaaS: Why the market is wrong about Salesforce, Inc. (NYSE:CRM): Since the start of the recent SaaS selloff – which we explored in detail in Montaka's recent whitepaper – Salesforce's share price has halved. The market is now pricing in something like obsolescence for the world's dominant customer relationship management (CRM) platform.
This, in our view, represents a significant investment opportunity. The market's concern is two-fold. First, that AI makes software trivially cheap and easy to build – rendering vendors like Salesforce redundant. Second, that agents don't need software interfaces at all – they can interact directly with data and systems, making seat-based licences obsolete.

#montaka

Montaka Global Investments, an investment management company, released its second-quarter 2026 investor letter. A copy of the update is available to download here. Montaka manages a concentrated portfolio of high–conviction, long-term, competitively advantaged businesses bought when prices are attractive. While it delivered positive returns in the June quarter, its 12-month performance was largely negative due to declines in the March quarter amid the 'SaaSpocalypse', yet the underlying businesses performed well. Montaka's strategy focuses on owning businesses that grow earnings in large markets, which struggled against short-term bottleneck trades that gained popularity. However, Montaka aims for long-term excess returns above market indices, anticipating that current mispricing will eventually correct. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Montaka Global Investments highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On July 22, 2026, Visa Inc. (NYSE:V) closed at $353.42 per share. One-month return of Visa Inc. (NYSE:V) was 5.95%, and its shares lost 1.07% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $665.89 billion.
Montaka Global Investments stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa Inc. (NYSE:V) and Mastercard, for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.

#NYSE #Services #quarter #investor

Since the 2000s began, the Cowboys have had several trades for big-name wide receivers. It's still too early to make an official proclamation, but so far, the trade for George Pickens is looking like it may be the most successful. Our rundown series now comes to one of Dallas' brightest stars, and perhaps their most talked-about player this offseason.
Years in NFL: 4
Acquired by: Trade (2025)
2022 was a year of sweeping change for the Pittsburgh Steelers. Ben Roethlisberger retired, there was a new general manager, and the receiver position was also in flux. George Pickens was part of this new offensive era, a second-round pick to go with first-round quarterback Kenny Pickett. Unlike the rookie QB, Pickens was an immediate contributor in a trio with Diontae Johnson and Chase Claypool. Pittsburgh traded Claypool away in November, leaving Johnson and Pickens as the clear starting duo.
For three years, Pickens' talent was clear but so were issues with his maturity and relationship with the Steelers. The team struggled to find its next QB, going through the poo-poo platter of Pickett, Mitch Trubisky, and Mason Rudolph before bringing in Russell Wilson in 2023. While Wilson helped bring some respectability back at QB, Pickens' status with the team was already breaking down. Criticism of his effort became public, and he went into his fourth year without a clear path forward in Pittsburgh.
As it turned out, the path led to Dallas. Pickens and a 2027 sixth-round pick were sent to the Cowboys for a 2026 third-rounder and Dallas' fifth-round pick in 2027. For the Steelers, it was a decent return on a former second-rounder who they clearly had no intention of re-signing after his rookie deal. For the Cowboys, it was an immediate upgrade at WR2 and a much-needed wingman for CeeDee Lamb, who'd been carrying too much of the receiving load since the departure of Amari Cooper and the decline of Michael Gallup.

#clear

As NBA free agency dies down and the Summer League comes to an end, there’s less going on in the basketball world. Which means there’s going to be a lot more opinions and predictions. There have been countless blockbuster trades and signings this offseason, leaving people with plenty to talk about.
Undoubtedly, the biggest move of the offseason was Boston sending former Finals MVP Jaylen Brown to Philadelphia in exchange for Paul George and a couple of second-round picks. The majority of **** ysts and talking heads have already written the Celtics off, but is it a bit premature?
MORE: 3 NBA teams who are most improved entering 2026-2027 season
People are acting like Boston moving on from Jaylen Brown is the end-all, be-all. Boston did downgrade at the shooting guard position, slotting an aging Paul George into his place, but they also improved in other areas.
Their most significant upgrade came at center. It’s no secret that Boston has been searching for a reliable, physical center. They have brought in several players, but none could meet their expectations. They finally signed Knicks center Mitchell Robinson this offseason in hopes that he can solve that issue.

#paul

Fund managers now see gold (XAU) as the most undervalued **** et since March 2023, according to Bank of America's July survey. The reading arrives as the metal bounces 3.5% in two days from the $3,900-$4,000 support zone.
The last time the survey flipped this way, gold traded below $2,000 and then rallied to $5,598 in January. Whether history repeats may depend on the Federal Reserve and a possible US-Iran truce.
The July edition of the BofA Global Fund Manager Survey polled 181 institutional managers overseeing $484 billion in **** ets. A net 6% of them now call gold undervalued, the first negative overvaluation reading in more than three years.
The shift is dramatic. Through 2025 and early 2026, the same survey showed extreme readings, with a net 40% or more of managers calling gold overvalued near the January peak.
Sentiment has reset after a brutal repricing. Gold trades about 26% below its record, a drawdown that already pushed the metal into bear market territory earlier this month.

#Gold #survey #july

The Golden State Warriors have put together their teams through a variety of ways over the years, yet few approaches have proven as successful as the NBA draft. More than anything else, the most talented players to represent the Warriors have arrived in Golden State either by being selected directly in the annual draft or through trades executed on that same night.
The Golden State Warriors have taken many of their top stars through the draft, but have also landed a number of notable players over the years as well. From tiny colleges to blue blood programs, these alumni have contributed significantly to the team's roster over the years. So, we chose to take a closer look at which Dubs came from which schools over the years.
So without further ado, let's take a look at every player who has been drafted by the Warriors out of Purdue.
Draft year and position: 7th round (13th pick, 110th overall), 1972 NBA Draft
Seasons at Purdue: 3

#players

BHF trades 6.6% below a signed $70 all-cash acquisition, while CNR carries unanimous buy ratings and 40% modeled upside ***** ysts aren't pricing in.
Einhorn's five longs share hard catalysts, cheap valuations, and out-of-consensus narratives the broader market still refuses to underwrite.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and PG&E didn't make the cut. Grab the names FREE today.
David Einhorn built his reputation shorting frauds and buying what no one else would touch. His latest 13F reads as a five-stock roadmap through merger arbitrage, coal, and utility power demand, and one of those names is already sitting 6.6% below a signed $70 all-cash acquisition price. Miss the setup and you're funding someone else's payday.
Brighthouse Financial (NASDAQ:BHF) sits directly on top of a signed deal. Aquarian Capital LLC is acquiring the company at $70.00 per share in an all-cash transaction valued at roughly $4.1 billion, expected to close in 2026 subject to regulatory approvals. That is a hard catalyst with a hard number, and the market is still pricing it well below the deal.

#below #Share

Truist upgraded CoreWeave to Buy at $126 as AI spending shifts from model training to inference, sparking a 6% single-name rally on Wednesday.
CRWV's gain diverges sharply from peers NET and ORCL, confirming today's move is ******* yst-driven, not a broad cloud sector re-rating.
CRWV trades near $84, well below the $140 ******* yst consensus target, but a 33% monthly pullback and customer concentration warrant disciplined position sizing.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snowflake didn't make the cut. Grab the names FREE today.
CoreWeave (NASDAQ:CRWV) shares are climbing in Wednesday morning trading, with CoreWeave stock up 6% to $84.02 after a fresh ******* yst endorsement. The move stands out against a soft tape for cloud infrastructure peers, with Cloudflare (NYSE:NET) shares down 1% to $268.46, Snowflake (NYSE:SNOW) shares down 2% to $265.68, and Oracle (NYSE:ORCL) stock unchanged at $126.50.

#coreweave #analyst #wednesday #peers

OKLO trades just 11% above its 52-week low, yet our $97.74 BUY target implies 121% upside over the next 12 months.
OKLO's $7.22 billion market cap dwarfs SMR's $3 billion, with CEG underscoring the steep execution premium Oklo must earn through commercial startup.
Oklo's bull case projects $170 by July 2027, but $0 FY2024 revenue, non-binding LOIs, and 19% short interest limit near-term conviction.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oklo Inc. didn't make the cut. Grab the names FREE today.
Oklo (NYSE:OKLO) has been one of the most volatile bets on the AI nuclear thesis. After a punishing pullback, our model sees room to run. Shares closed at $44.13 on July 21, 2026, well off the $193.84 52-week high.

#billion #fy2024 #free

In the world of heavy machinery, Caterpillar commands a premium price without a first-place finish, forcing investors to ask if its future justifies its cost today.
Caterpillar (CAT) stock has delivered a powerful +118% return over the last twelve months, trading around $889.97 a share. For a company in the business of moving earth, it has certainly moved portfolios. But when you line it up with its direct competitors, a sharp question emerges: why does the market price Caterpillar like a leader when on paper, it isn't one?
CAT's Price Ranks Higher Than Its Performance
Among its peers, Caterpillar carries one of the highest valuations, trading at 43.7 times earnings. That's a significant premium over a rival like Deere, which trades at 33.1 times earnings. Yet for that price, investors are not getting chart-topping results. While CAT's revenue growth of 11.8% is strong, it trails the 17.0% growth posted by Terex. The story is similar for profitability, where Caterpillar's 16.5% operating margin is solid, but second to Deere's 17.4%.
The mismatch is clear: Caterpillar is priced near the top of its class but is out-delivered by at least one peer on both growth and margins. This isn't a case of paying for leading performance; it's a case of paying for something the market sees coming down the road.

#price #premium #investors #like

Updated July 22, 2026 8:58 am ET
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1248 GMT – The dollar could remain little affected by the latest bout of U.S. trade uncertainty in the near term, MUFG Bank’s Derek Halpenny says in a note. President Trump’s plans for new tariffs should broadly replicate the Section 122 tariffs which are due to expire on Friday, meaning the currency implications should be limited, he says. Moreover, it comes at a time when markets are pricing in U.S. interest-rate rises and Middle East risks are higher, providing some support to the dollar, he says. However, if trade uncertainty becomes more ***** ounced, dollar selling could re-emerge as investors become more concerned over unpredictable policies and the damage to the U.S. economy, he says. The DXY dollar index trades flat at 101.135. (renae.dyerwsj.com)
0940 GMT – U.S. Treasury yields trade steady on the day, with the 10-year yield close to an earlier two-month high, while the dollar is marginally lower. Investors remain cautious as oil prices rise and Middle East tensions continue, leaving a risk that yields and the dollar could rise. “The pullback [in the U.S. dollar] could prove limited, however, as Treasury yields remain at elevated levels and geopolitical tensions could continue to fuel safe-haven demand,” DHF Capital S.A’s Bas Kooijman says in a note. Brent crude rises 3.5% to $94.19. The 10-year Treasury yield is last up 0.2 basis points at 4.630%, having earlier hit a high of 4.642%, according to Tradeweb. The DXY dollar index falls 0.1% to 101.102, having hit a one-week high of 101.210 overnight. (emese.barthawsj.com)

#treasury #east

Mike Evans gives the San Francisco 49ers a legitimate No. 1 receiver for the first time in years, but Sports Illustrated's Conor Orr believes the move addresses two problems that go beyond the receiver room.
The first is Christian McCaffrey's rushing efficiency. San Francisco finished 30th in yards per carry last season — the first time a Kyle Shanahan-called offense has finished outside the top 10 in that stat since 2021. Orr connects that decline directly to how defenses have treated McCaffrey, who saw nearly 30% of his carries against eight-man boxes last year, one of the highest rates in the league.
Evans, Orr argues, should change that math. The 30-year-old drew double coverage on 35% of his routes last season, sixth-most among receivers league-wide. That kind of attention typically pulls a safety out of the box — and Orr believes teams have instead been shifting that extra defender toward stopping McCaffrey.
The idea is straightforward: if Evans forces a safety into coverage, the box in front of McCaffrey gets lighter, and the 49ers' rushing attack — long a staple of Shanahan's offense — gets back to functioning the way it has for most of his tenure.
The second point Orr raises is about time. The 49ers have the second-oldest roster in the NFL with the inclusion of Evans, so Orr suggested the signing means the 49ers think their championship window is closing at the same rate as the Los Angeles Rams', who went all-in this offseason with trades for Myles Garrett and Trent McDuffie.

#evans #mccaffrey #rushing