20 hours ago
Wall Street woke up in a good mood on Monday. Oil prices were tumbling on news of a U.S.-Iran ceasefire, and all three major indexes opened solidly higher. By midday, that optimism had largely evaporated.
The Dow Jones Industrial Average (DJINDICES: ^DJI) was clinging to a 0.2% gain at 12:06 p.m. ET, down from an early peak of 1.3%. The S&P 500 (SNPINDEX: ^GSPC) had slipped 0.2% into the red after starting the day up 0.9%. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was off 0.5%, having completely erased its 1.1% opening pop.
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 »
^DJI data by YCharts
Brent crude dropped approximately 6% to around $86.40 per barrel after the U.S. and Iran agreed to pause military strikes while diplomatic talks resume. Lower oil means less inflation pressure, which means the Fed might ease up on rate hikes. Treasury yields dipped accordingly.
#NVIDIA #Iran #means
The Dow Jones Industrial Average (DJINDICES: ^DJI) was clinging to a 0.2% gain at 12:06 p.m. ET, down from an early peak of 1.3%. The S&P 500 (SNPINDEX: ^GSPC) had slipped 0.2% into the red after starting the day up 0.9%. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was off 0.5%, having completely erased its 1.1% opening pop.
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 »
^DJI data by YCharts
Brent crude dropped approximately 6% to around $86.40 per barrel after the U.S. and Iran agreed to pause military strikes while diplomatic talks resume. Lower oil means less inflation pressure, which means the Fed might ease up on rate hikes. Treasury yields dipped accordingly.
#NVIDIA #Iran #means
5 days ago
US-based energy investment company Panamint Capital has begun construction on the $1.7bn solar photovoltaic (PV) project at its Twin Oaks power station in Robertson County, Texas.
The project, called Big Rooter Power, has a planned capacity of 1.2GW-direct current.
According to the company, Big Rooter Power is being constructed on an existing coal mining site.
The project is being developed in two phases. The first, Big Rooter West, will provide 491MW-direct current (MWdc) and is scheduled to begin commercial operation in August 2028.
The second phase, Big Rooter East, is set to deliver 658MWdc and is expected to start construction in December 2026, with targeted commercial operation in August 2029.
#power
The project, called Big Rooter Power, has a planned capacity of 1.2GW-direct current.
According to the company, Big Rooter Power is being constructed on an existing coal mining site.
The project is being developed in two phases. The first, Big Rooter West, will provide 491MW-direct current (MWdc) and is scheduled to begin commercial operation in August 2028.
The second phase, Big Rooter East, is set to deliver 658MWdc and is expected to start construction in December 2026, with targeted commercial operation in August 2029.
#power
8 days ago
L1 Capital, an investment management firm, released its "L1 Long Short Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The market's main themes in the June quarter were the Iran conflict and developments in the AI sector. These trends shifted after oil prices declined due to a ceasefire agreement, leading to a reversal. AI stocks surged, driven by strong earnings, rapid capital investment, and critical supply shortages. During this period, the L1 Long Short Fund achieved notable gains, rising 12.7% compared to the ASX200AI's 4.0%, with year-to-date returns at 12.5% versus 2.4%. U.S. equities outperformed, especially those benefiting from AI-related capital expenditure. The firm is satisfied with the portfolio's positioning, emphasizing strong medium-term growth potential, supported by attractive valuations, solid earnings, and robust cash flow. In addition, you can check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, L1 Long Short Fund highlighted James Hardie Industries plc (NYSE:JHX). Based in Dublin, Ireland, James Hardie Industries plc (NYSE:JHX) is a building materials company that manufactures and supplies fiber cement, fiber gypsum, and cement-bonded building products. On July 17, 2026, James Hardie Industries plc (NYSE:JHX) closed at $25.82 per share, reflecting a market capitalization of $14.98 billion. James Hardie Industries plc (NYSE:JHX) posted a one-month return of 5.34%, while its shares lost 1.64% over the past 52 weeks.
L1 Long Short Fund stated the following regarding James Hardie Industries plc (NYSE:JHX) in its Q2 2026 investor update:
"James Hardie Industries plc (NYSE:JHX) (+46%) shares recovered over the quarter following easing Middle East tensions and on management's release of a constructive FY27 outlook, which included a pathway to return the core North American fibre cement business to volume growth, despite a subdued U.S. housing market. We expect this volume recovery to be supported by normalisation of channel inventory following the 2025 destocking period, improving execution in repair & remodel / smaller-builder channels, the Trim-Over installation method, competitor exits and continued material conversion from vinyl and wood.
In our view, the market is still applying a discounted multiple to James Hardie to reflect recent execution, governance and housing-cycle concerns. As these issues are progressively addressed, we believe there is scope for both earnings growth and recovery in the valuation multiple over time."
#NYSE
In its Q2 2026 investor letter, L1 Long Short Fund highlighted James Hardie Industries plc (NYSE:JHX). Based in Dublin, Ireland, James Hardie Industries plc (NYSE:JHX) is a building materials company that manufactures and supplies fiber cement, fiber gypsum, and cement-bonded building products. On July 17, 2026, James Hardie Industries plc (NYSE:JHX) closed at $25.82 per share, reflecting a market capitalization of $14.98 billion. James Hardie Industries plc (NYSE:JHX) posted a one-month return of 5.34%, while its shares lost 1.64% over the past 52 weeks.
L1 Long Short Fund stated the following regarding James Hardie Industries plc (NYSE:JHX) in its Q2 2026 investor update:
"James Hardie Industries plc (NYSE:JHX) (+46%) shares recovered over the quarter following easing Middle East tensions and on management's release of a constructive FY27 outlook, which included a pathway to return the core North American fibre cement business to volume growth, despite a subdued U.S. housing market. We expect this volume recovery to be supported by normalisation of channel inventory following the 2025 destocking period, improving execution in repair & remodel / smaller-builder channels, the Trim-Over installation method, competitor exits and continued material conversion from vinyl and wood.
In our view, the market is still applying a discounted multiple to James Hardie to reflect recent execution, governance and housing-cycle concerns. As these issues are progressively addressed, we believe there is scope for both earnings growth and recovery in the valuation multiple over time."
#NYSE
