Commodity producing and trading giant Glencore expects to post a profit of $3.3 billion in its marketing division for the first half of the year, as extreme market volatility during the Iran war generated windfall earnings for the energy commodity traders.
Glencore expects to report next week a strong half-year marketing adjusted earnings before interest and tax (EBIT) of about $3.3 billion in its Marketing segment, which includes oil trading, the company said on Wednesday in its half-year production report.
The trading giant didn't specify how much energy trading contributed to the profit, but it's expected to do so in the detailed half-year earnings due out next week.
At any rate, the market volatility of the past five months is putting Glencore's trading profit on track for its best year ever if energy markets continue to whipsaw in the coming months.
Glencore book its highest ever full-year EBIT in marketing for 2022, the year in which the Russian invasion of Ukraine upended energy flows and markets and sent oil prices soaring to $120 per barrel.

#trading #profit #earnings #commodity

Visa reported fiscal third-quarter results on Tuesday, showing net revenue of $11.6 billion, a 14% increase over the prior year, driven by growth in payments volume, cross-border volume, and processed transactions.
GAAP net income for the quarter ended June 30 was $5.6 billion, or $2.97 per share, up 7% and 10%, respectively, from the prior year. Excluding special items, non-GAAP net income was $6.3 billion, or $3.32 per share, increases of 8% and 11% over the prior year.
Payments volume grew 10% on a constant-dollar basis for the three months ended June 30. Total processed transactions reached 71.7 billion, a 10% increase over the prior year. Cross-border volume excluding transactions within Europe rose 12% on a constant-dollar basis, while total cross-border volume increased 13%.
Data processing revenue rose 17% over the prior year to $6.0 billion, while service revenue grew 14% to $4.9 billion. International transaction revenue grew 6% to $3.9 billion, and other revenue rose 45% to $1.5 billion. Client incentives were $4.7 billion, up 18% over the prior year.
GAAP operating expenses were $4.8 billion for the quarter, a 19% increase over the prior year, driven by higher personnel costs. Current-quarter results included $563 million in severance costs and a $237 million litigation provision tied to the interchange multidistrict litigation case, among other special items.

#prior

Core Scientific (NASDAQ: $CORZ) is partnering with chipmaker Advanced Micro Devices (NASDAQ: $AMD) on a new artificial intelligence (A.I.) data centre.
The deal involves AMD taking out a 15-year lease for 529 megawatts of U.S. A.I. capacity, which Core Scientific said could generate more than $14 billion U.S. of revenue for it.
Core Scientific is a former Bitcoin (CRYPTO: $BTC) miner turned A.I. data centre operator.
More From Cryptoprowl:
MEXC Adds Five Ondo Tokenized Stocks Spanning Semiconductors to Power Infrastructure

#core #data #advanced #Bitcoin

Updated July 23, 2026 4:56 pm ET
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1010 ET – Fewer apartments are sitting empty, rents are climbing, and yet the deals keep coming, Zillow says. The typical U.S. asking rent rose to $1,965, up 2.2% compared to a year ago, and nearly 2 in 5 rental listings came with a concession attached. A concession is a move-in discount, commonly a free month’s rent, waived fees or free parking. For renters who land a freebie, the real cost of renting can be softer than the asking price suggests. The 2.2% annual rent growth in June is a slight acceleration from the previous month. Yet the increase in concessions-39.7% of rental listings on Zillow offered one in June, up from 35.2% a year ago—softens the blow for renters. The backdrop is a rental market that has added significant new inventory over the past few years, giving renters more choices.(chris.wackwsj.com)

#concession

U.S.-listed shares of SK Hynix (NASDAQ:SKHY) climbed 6.6% in premarket trading on Thursday after fresh capital spending plans from Alphabet and Tesla strengthened expectations for continued investment in artificial intelligence infrastructure.
The gains reflected growing investor confidence that demand for advanced memory chips will remain strong as leading technology companies accelerate AI development.
Market sentiment improved after Alphabet raised its projected 2026 capital expenditure to between $195 billion and $205 billion, signalling continued heavy investment in data centres and artificial intelligence infrastructure.
Tesla also reaffirmed its commitment to substantial AI-related spending, reinforcing expectations that demand for high-performance semiconductors will continue expanding across the technology sector.
The announcements boosted optimism for suppliers involved in the AI supply chain, particularly companies producing advanced memory solutions.

#capital #investment #artificial #infrastructure

Santos narrowed its full-year production guidance after its Barossa LNG project and Alaska's Pikka oil development advanced through commissioning, with the company expecting a significant increase in production and free cash flow during the second half of 2026.
The Australian energy producer said Barossa is now operating at 97% of planned production rates, with LNG cargoes currently being loaded about every eight days. Meanwhile, Pikka's initial production wells are delivering approximately 23,000 barrels per day, with plateau output of around 80,000 bpd (gross) targeted in the third quarter and first sales expected in August.
Second-quarter production rose 3% from the previous quarter to 23.1 million barrels of oil equivalent (mmboe), bringing first-half output to 45.6 mmboe. Santos now expects second-half production to be approximately 20% to 30% higher than the first half and narrowed its full-year production guidance to 99-105 mmboe.
Second-quarter sales revenue increased 6% quarter-on-quarter to $1.35 billion. First-half free cash flow from operations reached about $378 million but was weighed down by one-off commissioning costs at Barossa and Pikka, the timing of LNG cargo receipts, and temporary under-lift positions in Papua New Guinea. The company said these factors are expected to reverse during the second half, supporting stronger cash generation.
Santos also expects higher LNG prices to boost earnings after realizing $11.21 per mmBtu during the quarter. Because most of its LNG contracts are linked to the ******* an Crude ******* tail (JCC) benchmark with a three-month pricing lag, the rise in JCC prices above $100 per barrel during the second quarter is expected to lift realized LNG prices in the third quarter.

#half #cash

Irving, Texas-based Vistra Corp. (VST) operates as an integrated retail electricity and power generation company. With a market cap of $54.7 billion, the companyis also involved in wholesale energy purchases and sales, commodity risk management, fuel production, and fuel logistics management activities. The leading integrated retail electricity and power generation company is expected to announce its fiscal second-quarter earnings for 2026 before the market opens on Friday, Aug. 7.
Ahead of the event, ***** ysts expect VST to report a profit of $2.43 per share on a diluted basis, up 140.6% from $1.01 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Crude Oil Prices Rally on Global Supply Risks
Nat-Gas Prices Fluctuate on Tropical Storm Risk
Fervo Energy Just Scored a New 'Buy' Rating. Here's Why.

#generation

Russia's government has passed a broad new cryptocurrency market law, providing the country with a regulated system for trading cryptocurrencies such as Bitcoin (CRYPTO: $BTC).
The "On Digital Currency and Digital Rights" legislation covers areas such as crypto custody and cross-border transactions using digital ****** ets.
The legislation creates rules for companies operating in Russia's crypto market.
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Hyperliquid HIP-3 Volume Nears 50% as Onchain Stock Trading Accelerates

#market

Merrillville, Indiana-based NiSource Inc. (NI) is an energy holding company that operates as a regulated natural gas and electric utility company. Valued at $22 billion by market cap, the company provides natural gas to approximately 2.4 million residential, commercial, and industrial customers, and also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana. The leading natural gas distribution company is expected to announce its fiscal second-quarter earnings for 2026 in the near future.
Ahead of the event, ******* ysts expect NI to report a profit of $0.19 per share on a diluted basis, down 13.6% from $0.22 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Crude Prices Erase Early Gains on Possible US-Iran Truce Proposal
Nat-Gas Prices Weaken on Tropical Storm Risk
Crude Prices Gain on Escalation of US-Iran Hostilities

#company #indiana #million #quarter

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SEOUL, July 20 (Reuters) - Lee Seung-ho watched the nearly 300 million won ($202,515) stock trading fortune he built with a 500% margin loan evaporate in just four weeks in May, but he plans to borrow again and return to the market the moment he has ‌enough capital.
The 24-year-old South Korean university student in Seoul briefly turned the 20 million won he saved during mandatory military service into a 15-fold ‌windfall, all by tapping a "tiny circle ***** on" on his trading app that instantly unlocked five-times leverage.
Then the market turned.
Violent swings in South Korean stocks triggered a cascade of forced liquidations by his brokerage, wiping out the gains. Within weeks, his account had fallen below his initial investment, leaving him under such strain that he said: "I literally could not breathe."
"But I'm sticking to margin loans," Lee said from his studio apartment, barely larger than a parking ***** e, next to an empty Hibiki whisky and an unboxed electric fan gifted by his brokerage after he qualified as a VIP client.

iShares Bitcoin Trust ETF (NASDAQ:IBIT) offers massive scale and liquidity, while VanEck Bitcoin ETF (NYSEMKT:HODL) provides slightly lower ongoing costs for investors seeking direct spot Bitcoin exposure.
Spot Bitcoin exchange-traded funds (ETFs) like these two funds provide investors with a streamlined way to gain exposure to the price of Bitcoin within a standard brokerage account. By holding the cryptocurrency in trust, these funds eliminate the complexities of managing digital keys and exchange wallets.
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IBIT

Americans get one 6-month guaranteed-issue window for Medigap at 65, after which insurers in 46 states can deny coverage based on health history permanently.
The window opens at Part B enrollment, not the 65th birthday, so delaying Part B for employer coverage directly delays and can complicate Medigap access.
Only New York, Connecticut, Massachusetts, and Maine require year-round guaranteed issue, and those protections don't transfer if policyholders move states.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Federal law hands every American a single, non-repeating window to buy Medicare supplemental insurance on favorable terms. It opens the month a person turns 65 and enrolls in Medicare Part B, lasts exactly six months, and never comes back. Inside that window, insurers must sell any Medigap policy they offer at their best available rate, regardless of health history. Outside it, in most states, they can pull medical records, charge more, exclude conditions, or refuse to sell entirely.

Madison Small Cap Fund, managed by Madison Funds, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The small-cap market showed exceptional strength in Q2, largely due to anticipated peace in the Middle East. The Russell 2000 Index began to rally, propelled by Information Technology, Health Care, and Industrials. The Madison Small Cap Fund (Class I) returned 12.7% in the quarter, underperforming the Russell 2000's 21.5% and Russell 2500's 20.2%. While strong gains were seen in Info Tech investments, recent investments in underperforming software companies negatively impacted overall performance. Nevertheless, confidence in the long-term potential of these software investments remains high. The firm is optimistic about small caps, noting their recent outperformance over large caps, recovery in certain software sectors, and improvements in some housing stocks toward the end of the second quarter. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its Q2 2026 investor letter, Madison Small Cap Fund highlighted Shake Shack Inc. (NYSE:SHAK). Shake Shack Inc. (NYSE:SHAK) is a US based Shake Shack restaurants chains operator that offers burger, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. On July 16, 2026, Shake Shack Inc. (NYSE:SHAK) closed at $59.23 per share, reflecting a market capitalization of $2.53 billion. Shake Shack Inc. (NYSE:SHAK) posted a one-month return of 0.25%, while its shares lost 56.08% over the past 52 weeks.
Madison Small Cap Fund stated the following regarding Shake Shack Inc. (NYSE:SHAK) in its Q2 2026 investor update:
"Our worst performing sector by far was consumer discretionary, driven mostly by extreme weakness in Shake Shack Inc. (NYSE:SHAK). Although SHAK delivered solid same store sales, outperforming many other restaurants, the market's expectations were even higher. Furthermore, management decided to accelerate new restaurant openings in the first quarter, which led to an increase in operating expenses that negatively impacted near term earnings and cash flow. Although management miscommunication on this decision was a contributing factor to the disappointment, we believe the shares are overly punished and represent very attractive value for a company that's outperform peers on the revenue line with a massive opportunity for unit growth."
Shake Shack Inc. (NYSE:SHAK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 36 hedge fund portfolios held Shake Shack Inc. (NYSE:SHAK) at the end of the first quarter, compared to 41 in the previous quarter. While we acknowledge the potential of Shake Shack Inc. (NYSE:SHAK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tar

Harris Oakmark recently released its second-quarter 2026 investor letter for the "Oakmark International Small Cap Fund". A copy of the letter can be downloaded here. The fund focuses on long-term capital appreciation by investing in small-cap companies located outside the U.S. In the quarter, the fund (Investor Class) delivered a return of 4.82%, trailing the benchmark, the MSCI World ex USA Index's 7.94 % return. Information technology and industrials were the top performance contributors at the sector level, while consumer staples and materials were the largest detractors. Enthusiasm for AI continued to be the defining market theme. The firm focuses on evaluating companies based on their competitive advantages, long-term cash flow potential, and valuation, instead of prediction relative to intrinsic value. In addition, you can check the Fund's top five holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, Oakmark International Small Cap Fund highlighted Birkenstock Holding plc (NYSE:BIRK). Birkenstock Holding plc (NYSE:BIRK) engages in the manufacturing and distribution of footwear products. On July 14, 2026, Birkenstock Holding plc (NYSE:BIRK) closed at $44.36 per share, reflecting a market capitalization of $8.16 billion. Birkenstock Holding plc (NYSE:BIRK) posted a one-month return of -5.52%, while its shares lost 7.08% over the past 52 weeks.
Oakmark International Small Cap Fund stated the following regarding Birkenstock Holding plc (NYSE:BIRK) in its Q2 2026 investor update:
"Birkenstock Holding plc (NYSE:BIRK) is a Germany-headquartered premium footwear company that designs, manu factures, and distributes sandals and closed-toe footwear globally, anchored by a proprietary cork and-latex footbed with documented orthopedic function. The premium footwear segment benefits from an oligopolistic structure in comfort-focused categories, where brand heritage, proprietary ma terials, and sustained supply discipline create mean ingful barriers to replication. We believe Birkenstock's fully vertically integrated manufacturing model and consistent full-price sell-through dis tinguish it from conventional footwear peers and support more durable growth and margins than the current share price implies. The stock has de-rated due to a combination of tariff exposure, dollar weakness, and market skepticism about the dura bility of recent product momentum — concerns we view as transitory or overstated — leaving shares trading at a meaningful discount to our estimate of intrinsic value."

Dow Jones futures edged higher early Thursday, while S&P 500 futures and Nasdaq futures fell amid continued weakness in chips and AI hardware. Nvidia chipmaker Taiwan Semiconductor, GE Aerospace, UnitedHealth, J.B. Hunt Transport Services and United Airlines were big earnings movers before the open.
The stock market rally saw modest rises for the major indexes Wednesday, as strong gains in Apple (AAPL), Google-parent Alphabet (GOOGL) and other megacap techs helped mask a bad day for chips and AI hardware.
Dell Technologies (DELL) sold off Wednesday, along with memory plays Sandisk (SNDK), Micron Technology (MU), SK Hynix (SKHY), Western Digital (WDC) and Seagate Technology (STX). Those names and other AI plays saw further losses early Thursday.
SpaceX (SPCX) briefly fell below its $135 IPO price for the first time.
Micron and ASML are on the IBD 50. Dell stock is on the IBD Big Cap 20. Micron stock is on IBD Sector Leaders. SK Hynix stock is on IPO Leaders. Taiwan Semiconductor Manufacturing (TSM) and Google stock are on the IBD Long-Term Leaders watchlist.

Electric vehicle (EV) maker Nio (NYSE: NIO) has been increasing vehicle sales and approaching profitability. Now, a Wall Street upgrade has the stock surging today.
Analysts at Goldman Sachs upgraded Nio to a "buy" from "hold" and set a price target of $7. At 11:25 a.m. ET, Nio's American depositary shares traded at $4.96 per share, up 3.7%. Goldman's target price is 46% higher than where Nio stock closed on Friday.
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 »
Nio has reported strong EV sales so far this year, despite strong competition in both China and Europe. The latest design for its flagship ES8 luxury electric SUV has been well-received, and its ES9 set a new initial 30-day delivery record among luxury EVs sold in China at its premium price level above about $73,000.
That has led ******* ysts to predict strongly growing revenue and its first full-year positive operating profit in 2027. Today, the stock jumped after Barron's reported Goldman's recommendation and price target.

Nuvation Bio Inc (NYSE:NUVB) is one of billionaire David Abrams' top stock picks with upside potential. Nuvation Bio shares gained nearly 170% over the past year, and ******* ysts project a more than 150% upside for the stock over the next 12 months. Some 41 hedge funds are backing Nuvation Bio stock.
Copyright: dolgachov / 123RF Stock Photo
This comes as Nuvation Bio Inc (NYSE:NUVB) works to expand the market for its lung cancer drug. On June 29, Nuvation Bio said that the UK drug regulator had accepted the marketing application for its lung cancer drug and would review the request to decide whether to approve or reject it. The marketing application was submitted by Nuvation Bio's partner Eisai.
The drug, known as taletrectinib, targets advanced ROS1-positive non-small cell lung cancer. Nuvation Bio has already secured marketing approvals for the drug in the US, ******* an, and China. It is seeking the drug's approval in the UK and other international markets.
In the meantime, Nuvation Bio is shoring up its balance sheet. The company exited Q1 2026 with $533.7 million in ash, cash equivalents, and marketable securities and recently raised $287.5 million through a notes offering.

Amazon.com Inc. (NASDAQ:AMZN) is one of the top stocks to buy according to Whale Rock Capital Management. On July 1, NiCE, a leader in CX AI, announced that Amazon Web Services, Inc. (AWS), a component of Amazon.com Inc. (NASDAQ:AMZN), had selected the company as a launch partner for the AWS European Sovereign Cloud. This is a newly established independent cloud region built specifically for Europe.
Photo by Sunrise King on Unsplash
As part of the deal, NiCE will make its agentic AI-powered customer experience platform, CXone, available within this sovereign cloud environment. The goal is to allow European businesses in regulated industries to use AI-driven customer service tools while keeping their data within EU borders.
NiCE said the collaboration is particularly aimed at organizations in heavily regulated sectors such as the public sector, financial services, and healthcare. In these areas, strict rules govern how customer data can be stored, processed, and moved. NiCE added that the setup will enable businesses to deploy NiCE's AI agents, real-time copilots, workflow automation, and AI-driven **** ytics tools.
Dorothy Copeland, NiCE's Chief Partner Officer, said the company's AI is built specifically for organizations that cannot compromise on reliability, security, and compliance. She added that extending it to AWS's sovereign cloud lets Europe's most regulated organizations adopt advanced AI while meeting their sovereignty requirements.

By
Updated July 8, 2026 5:41 am ET
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Yields on 10-year U.S., German and U.K. government bonds rose sharply on Wednesday, hitting four-week highs, after U.S. President Trump said that the ceasefire with Iran is over.

Apple (AAPL) investors have spent much of 2026 watching artificial intelligence developments. Now they have a new reason to pay attention. CEO Tim Cook recently held productive discussions with European regulators about potentially bringing Siri AI features to Europe.
That may sound like a small update at first glance. But Europe matters a lot for Apple. The region accounts for nearly one-fourth of company sales. If Apple can bring advanced Siri features to millions of European users, it could strengthen its ecosystem and create another reason for customers to stay inside Apple's world.
Broadcom's Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy.
Nasdaq Futures Plunge as Samsung Sparks Chip Selloff
Mark Cuban Asks What If You Didn't Need Health Insurance — And Hospitals Just Treated You, Then Took 10% of Your Pay?

Is BIDU a good stock to buy? We came across a bullish thesis on Baidu, Inc. on Baidu, Inc. on La Newsletter De Momentum's Substack by Momentum Financial. In this article, we will summarize the bulls' thesis on BIDU. Baidu, Inc.'s share was trading at $117.94 as of July 1st. BIDU's trailing and forward P/E were 78.19 and 25.91 respectively according to Yahoo Finance.
Gil C / Shutterstock.com
Baidu, Inc. provides internet content, value-added telecommunication-based, internet map, and online audio and video services in the People's Republic of China. BIDU is positioned as a leading Chinese technology company with its Apollo Go robotaxi platform emerging as the largest autonomous mobility network, placing it at the forefront of the expanding robotaxi market. While Tesla has dominated investor imagination in autonomy, Baidu has already operationalized large-scale deployments across more than 20 cities, benefiting from China's policy tailwinds, including national strategic prioritization of autonomous driving.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential

Shares of Apple (NASDAQ: AAPL) rose on Thursday, following reports that the iPhone maker was gearing up for a lucrative new product launch.
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 »
Apple is reportedly planning to launch at least five new iPhone models in the first half of 2027, according to Nikkei Asia. That includes a foldable, premium-priced "iPhone Ultra" model.
Apple is said to have boosted its production goal for its new foldable phones to 10 million units, up from a prior target of about 8 million.
The iPhone Ultra could carry a price tag of roughly $2,500, according to market intelligence firm IDC, and as high as $3,000 with increased storage.

This week, new data from Statusphere reveals a shift in how micro-influencer content is being treated and how AI is changing the way brands are using that content. This week, Klaviyo said its AI solution is closing the traditional gap between digital marketing and customer service.
And lastly, Packsize said this week that it wrapped up an agreement to acquire the packaging business of Panotec, thereby significantly growing its business.
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Updated July 1, 2026 4:53 pm ET
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The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1501 ET – New car buyers are lenghtening their loans at record levels, an ****** ysis from Edmunds finds. During 2Q, 36.5% of new car buyers took a loan of 73 months or longer, compared with 27.3% a decade earlier. For loans of 84 months or longer, it was 23.9%, another record. This dynamic lowers monthly payments, but can hook buyers into much higher interest payments over the course of their loans, Edmunds Director of Insights Ivan Drury says: “Stretching out the term to be able to swallow a higher-priced vehicle guarantees you’ll be building equity at a snail’s pace, leaving you highly vulnerable to falling underwater when it’s time to trade in.” (elias.schisgallwsj.com)

Valued at $26 billion by market cap, Fiserv, Inc. (FISV) is a leading financial technology company that provides payment processing, banking, and digital financial services to banks, credit unions, merchants, and businesses worldwide. The Milwaukee, Wisconsin-based company's solutions span core banking software, card and payment processing, digital banking, e-commerce, and point-of-sale systems. Through its well-known platforms, including Clover and Carat, Fiserv helps financial institutions and merchants process transactions, manage accounts, and deliver digital payment experiences.
The fintech giant is expected to announce its fiscal 2026 second-quarter earnings in the near term. Ahead of the event, ******* ysts expect FISV to report a profit of $1.91 per share on a diluted basis, down 22.7% from $2.47 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Dear Microsoft Stock Fans, Mark Your Calendars for August 1
Heavy Advanced Micro Devices Call Options Volume Today - Is AMD Undervalued?
From Zero to $15 Billion, Qualcomm's AI Roadmap Gets a Boost From Modular Acquisition

Updated July 02, 2026, 10:30 am EDT / Original July 02, 2026, 8:20 am EDT
Robinhood Markets
HOOD
+6.00%
has been added to Mizuho Securities’ “top picks” for July, while Micron Technology
MU
-3.22%
is the firm’s top stock among the highflying chip names.
HOOD
+6.00%
MU

With a market cap of $57.9 billion, TE Connectivity plc (TEL) is a global industrial technology leader that develops innovative connectivity and sensor solutions to enable safer, more sustainable, productive, and connected systems. With over 90,000 employees serving customers in approximately 130 countries, the company partners with industries worldwide to advance next-generation transportation, energy networks, automated factories, AI-enabled data centers, and other critical technologies.
The Ballybrit, Ireland-based company is set to unveil its fiscal Q3 2026 results soon. Ahead of this event, ****** ysts expect TEL to report an adjusted EPS of $2.84, up 25.1% from $2.27 in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters.
Memory Demand Sent Seagate Soaring — But This Stock Looks Even Better
Nvidia Is Still a Bargain. ****** ysts See 57% Upside in NVDA Stock.
Roblox Shows Huge, Unusual Call Option Activity - Is RBLX Stock Too Cheap?

Meridian Funds, managed by ArrowMark Partners, released its first-quarter 2026 investor letter for "Meridian Hedged Equity Fund". A copy of the letter can be downloaded here. The Fund invests in high-quality growth companies and mitigates risk by writing call options. Following the late-February strike on Iran, oil prices surged, leading to a risk-off sentiment, boosting energy sector performance. Large-cap technology stocks declined as investors rotated towards smaller companies and more defensive value investments. Market conditions are becoming challenging due to reduced expectations for a Federal Reserve rate cut and increasing geopolitical uncertainty. The Fund returned 0.08% (net) for the quarter, outperforming the S&P 500 Index, which fell 4.33%, and the CBOE S&P 500 BuyWrite Index, which declined 0.92%. At the end of the period, 43% of the portfolio was unhedged, while the remainder was invested in companies with covered call options. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Meridian Hedged Equity Fund highlighted Equinix, Inc. (NASDAQ:EQIX) as a leading contributor. Equinix, Inc. (NASDAQ:EQIX) is a leading digital infrastructure company that operates a global network of data centers and interconnected ecosystems, enabling seamless delivery of digital experiences and cutting-edge AI quickly and efficiently. On June 26, 2026, Equinix, Inc. (NASDAQ:EQIX) closed at $1,091.30 per share, reflecting a market capitalization of $107.63 billion. Equinix, Inc. (NASDAQ:EQIX) posted a one-month return of 3.86%, and its shares gained 37.19% over the past 52 weeks.
Meridian Hedged Equity Fund stated the following regarding Equinix, Inc. (NASDAQ:EQIX) in its Q1 2026 investor letter:
"Equinix, Inc. (NASDAQ:EQIX) is a leading global provider of digital infrastructure, offering premium co-location and interconnection services across a global footprint of 280 data centers in 77 markets. Our investment thesis centers on its unmatched interconnection moat—more than 500,000 connections that create a powerful network effect for enterprise, cloud and network customers. The company is well positioned to capitalize on secular demand for artificial intelligence, hybrid multi-cloud architectures and vendor neutral digital infrastructure. The stock outperformed during the period after the company reported record bookings, accelerating recurring revenue growth, and AI-related workloads approaching 60% of recent large-scale deals. While the long-term growth outlook remains compelling, the elevated capital expenditures required to meet surging demand warrant continued monitoring. We maintained our position throughout the quarter."

By Georgina McCartney
HOUSTON, June 29 (Reuters) - Oil prices gained more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace ‌deal, while cautious hopes of a continued recovery in energy shipping through the Strait of ‌Hormuz limited gains.
Iranian and U.S. technical teams working on the implementation of an interim peace deal are expected to meet in Doha in the coming days, a source told Reuters on Monday, after the ***** -for-tat weekend strikes threatened to derail the accord.
Brent crude futures were up 90 cents, or 1.25%, at $72.89 a barrel by 11:36 a.m. EDT (1537 GMT). U.S. West Texas Intermediate crude gained $1.20, or 1.73%, to $70.43.
Brent crude fell 10.6% last week ‌in a third consecutive weekly decline ⁠after crude shipments through the strait rose to their highest since the U.S.-Israeli war on Iran began in late February.