3 days ago
In this segment of the AI Investor Podcast from 24/7 Wall St., Eric Bleeker reviews Lam Research, a semiconductor equipment holding originally recommended to the million dollar AI portfolio he manages as part of a collection of memory-adjacent stocks. The quarter itself was solid: $1.82 in EPS against $1.70 expected, with the standout being guidance of $2.15 for next quarter versus a street estimate of $1.84. The stock jumped about 20% the next morning, though Bleeker attributes most of that to how far it had fallen during July's selloff rather than to the results, which he characterizes as good but not spectacular.His hesitation is valuation. Against a full-year estimate of $9.40, the shares trade a bit above 30 times forward earnings, which he considers the upper end of the historical range. He is not planning to add more with other opportunities across the market after a steep July sell-off. The broader read on semiconductor equipment is more bullish. Taiwan Semiconductor raised capex, Intel sounded optimistic on capex needs, and Bleeker guesses 2028 equipment spending could come in roughly 25% above where Wall Street currently models it. He is particularly interested in advanced packaging and testing, sub-verticals growing faster than the overall **** e. Lam remains a core long-term holding and, in his view, among the best operators in semi equipment.
#bleeker #semiconductor #above
#bleeker #semiconductor #above
16 days ago
Ripple has launched Ripple Mint, a platform that lets institutions mint, redeem, and manage Ripple USD (RLUSD) through one console.
The company also invested in Notabene, a compliance firm, to add identity checks and transaction authorization to its stablecoin network. Standard Custody & Trust Company, a New York-chartered trust firm, issues RLUSD under state financial regulation. Jack McDonald, an executive at the company, called the Notabene deal a step toward globally compliant stablecoin transfers.
"Bringing together $RLUSD, Ripple Payments & Notabene's trusted institutional network to help scale compliant stablecoin payments," McDonald said.
Ripple Mint replaces the platform-only setup institutions previously used for RLUSD operations. Users can choose a web console for manual oversight, or new application programming interfaces (APIs) for automated workflows.
The system tracks transactions in real time and sends webhook alerts for fiat receipt, minting, and onchain settlement. Consistent reference IDs tie every stage together, which simplifies reconciliation for exchanges and market makers.
#notabene
The company also invested in Notabene, a compliance firm, to add identity checks and transaction authorization to its stablecoin network. Standard Custody & Trust Company, a New York-chartered trust firm, issues RLUSD under state financial regulation. Jack McDonald, an executive at the company, called the Notabene deal a step toward globally compliant stablecoin transfers.
"Bringing together $RLUSD, Ripple Payments & Notabene's trusted institutional network to help scale compliant stablecoin payments," McDonald said.
Ripple Mint replaces the platform-only setup institutions previously used for RLUSD operations. Users can choose a web console for manual oversight, or new application programming interfaces (APIs) for automated workflows.
The system tracks transactions in real time and sends webhook alerts for fiat receipt, minting, and onchain settlement. Consistent reference IDs tie every stage together, which simplifies reconciliation for exchanges and market makers.
#notabene
16 days ago
July 23 (Reuters) - U.S. equity holdings have surpassed real estate as a share of net financial wealth for the first time since World War Two, Goldman Sachs said, underscoring how stocks have become a dominant driver of household wealth and consumer spending."Equity gains have been the dominant driver of household wealth accumulation and the main contributor to a positive wealth effect on consumer spending," the brokerage said in a note on Thursday.
Here are some details:
• Equity allocations among U.S. and Australasian households are approaching 50% of financial ****** ets, surpassing the levels seen during the dot-com era, Goldman noted.
• Households in the U.S., Australia and Sweden have the highest exposure to equities, while those in Europe and ****** an remain comparatively under-invested in stocks and hold a larger share of their wealth in cash, the bank said.
• Strong stock-market gains since the global financial crisis, particularly over the past three to four years, have increased equities' share of global financial ****** ets and investor portfolios, with technology stocks accounting for a growing portion of those holdings, Goldman said.
#Equity #Share #dominant
Here are some details:
• Equity allocations among U.S. and Australasian households are approaching 50% of financial ****** ets, surpassing the levels seen during the dot-com era, Goldman noted.
• Households in the U.S., Australia and Sweden have the highest exposure to equities, while those in Europe and ****** an remain comparatively under-invested in stocks and hold a larger share of their wealth in cash, the bank said.
• Strong stock-market gains since the global financial crisis, particularly over the past three to four years, have increased equities' share of global financial ****** ets and investor portfolios, with technology stocks accounting for a growing portion of those holdings, Goldman said.
#Equity #Share #dominant
18 days ago
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19 days ago
The US dollar has rallied a bit during the early part of the trading session against the Canadian dollar, right here at the 50-day EMA, making a nice technical bounce. For those who are Fibonacci retracement type traders, this is just above the 38.2% Fibonacci retracement level and the 1.40 level. If this holds, this is thought of by technical **** ysts quite often as a very bullish sign because the retrace was somewhat shallow.
Keep in mind that there are external factors out there, such as oil, that come into the picture, but as things stand right now looks like technical traders are trying to defend the 50-day EMA.
The US dollar initially fell against the Swiss franc, only to turn around and show signs of life again. The market is in the midst of a consolidation, and surprisingly, with all of the chaos over the weekend, we have not seen massive moves in the market. Generally speaking, that typically lends itself to quiet trading action, and that is exactly what we have seen here in what has been an uptrend for a while.
The US dollar has gone back and forth against the Mexican peso. We continue to see the 17.50 level offer a bit of a magnet for price, and as long as that is the case, I think you have got a scenario where traders are probably just waiting for the next catalyst.
The interest rate differential does favor the Mexican peso, and as a general rule, the better America does, the better the peso does because Mexico is the number one exporter into the United States globally.
#traders #peso #fibonacci
Keep in mind that there are external factors out there, such as oil, that come into the picture, but as things stand right now looks like technical traders are trying to defend the 50-day EMA.
The US dollar initially fell against the Swiss franc, only to turn around and show signs of life again. The market is in the midst of a consolidation, and surprisingly, with all of the chaos over the weekend, we have not seen massive moves in the market. Generally speaking, that typically lends itself to quiet trading action, and that is exactly what we have seen here in what has been an uptrend for a while.
The US dollar has gone back and forth against the Mexican peso. We continue to see the 17.50 level offer a bit of a magnet for price, and as long as that is the case, I think you have got a scenario where traders are probably just waiting for the next catalyst.
The interest rate differential does favor the Mexican peso, and as a general rule, the better America does, the better the peso does because Mexico is the number one exporter into the United States globally.
#traders #peso #fibonacci
22 days ago
The first half of 2026 brought plenty of volatility, particularly in memory stocks, while Wall Street remained distracted by short sellers and geopolitical tensions.
As investors look ahead to the second half of the year, here are five predictions to watch.
My highest-confidence prediction for the second half of 2026 is that earnings will continue to accelerate. A lot of that has to do with year-over-year comparisons, strong order backlogs, and rising investor confidence.
Earnings season is judgment day, and I go into every earnings season locked and loaded because Wall Street does not pay attention to earnings the way I do. When earnings come out, investors **** s them, but they are often distracted by other things, focusing only on qualitative **** ysis rather than combining it with a quantitative **** ysis of trading activity.
Earnings strength is expected to be concentrated in three sectors. Energy-related stocks are forecasted to post the strongest earnings, followed by information technology and semiconductors, then material stocks.
As investors look ahead to the second half of the year, here are five predictions to watch.
My highest-confidence prediction for the second half of 2026 is that earnings will continue to accelerate. A lot of that has to do with year-over-year comparisons, strong order backlogs, and rising investor confidence.
Earnings season is judgment day, and I go into every earnings season locked and loaded because Wall Street does not pay attention to earnings the way I do. When earnings come out, investors **** s them, but they are often distracted by other things, focusing only on qualitative **** ysis rather than combining it with a quantitative **** ysis of trading activity.
Earnings strength is expected to be concentrated in three sectors. Energy-related stocks are forecasted to post the strongest earnings, followed by information technology and semiconductors, then material stocks.
30 days ago
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
The only thing more in-demand than SK Hynix memory chips? Demand for SK Hynix Nasdaq-listed stock.
The premier South Korean memory chipmaker, which already trades on the Korea Exchange, makes its US debut today, and investors are so desperate to get another piece of the company that it's arriving more than seven times oversubscribed, according to a Bloomberg report. Now, one big question remains: Can the company break free from the sector's historically cyclical nature?
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
READ ALSO: AstraZeneca Plunges After New Heart Disease Drug Fails Trial and Apple Edges Closer to Dethroning Nvidia After $30B Broadcom Chips Deal
The only thing more in-demand than SK Hynix memory chips? Demand for SK Hynix Nasdaq-listed stock.
The premier South Korean memory chipmaker, which already trades on the Korea Exchange, makes its US debut today, and investors are so desperate to get another piece of the company that it's arriving more than seven times oversubscribed, according to a Bloomberg report. Now, one big question remains: Can the company break free from the sector's historically cyclical nature?
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
READ ALSO: AstraZeneca Plunges After New Heart Disease Drug Fails Trial and Apple Edges Closer to Dethroning Nvidia After $30B Broadcom Chips Deal
1 month ago
Cryptocurrency exchange Kraken is seeking a bank license in Europe.
Privately held Kraken is reportedly looking to Lithuania as the jurisdiction where it will try and secure a European bank license.
News of the bank license pursuit comes as Kraken plans to go public in the U.S. later this year or in early 2027.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
Privately held Kraken is reportedly looking to Lithuania as the jurisdiction where it will try and secure a European bank license.
News of the bank license pursuit comes as Kraken plans to go public in the U.S. later this year or in early 2027.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
1 month ago
Last Updated: July. 7, 2026 at 9:14pm ET
2026년 7월 7일 오전 8:12 New York 시간
By
James Mackintosh
,
2026년 7월 7일 오전 8:12 New York 시간
By
James Mackintosh
,
1 month ago
Wall Street spent most of 2025 convinced that Federal Reserve rate cuts were the unlock for the next leg of the stock market rally. That thesis did not play out the way most strategists expected.
On June 30, Wells Fargo put a number on what the market has actually been running on instead.
Wells Fargo Chief Equity Strategist Ohsung Kwon published a call on June 30 that tells a specific story about what moves equity markets higher. The details behind the bank's revision are more instructive than the headline target.
Banks raise their S&P 500 targets two ways. They can ****** ume investors will pay a higher multiple for the same earnings, or they can raise their earnings estimates and let the math produce a higher target.
Wells Fargo did the second, as TheStreet reported. The firm lifted its year-end target to 7,950 from 7,007, a jump of nearly 14%, but the earnings multiple barely moved, going from 23.2x to 23.4x. The whole move came from higher profit estimates.
On June 30, Wells Fargo put a number on what the market has actually been running on instead.
Wells Fargo Chief Equity Strategist Ohsung Kwon published a call on June 30 that tells a specific story about what moves equity markets higher. The details behind the bank's revision are more instructive than the headline target.
Banks raise their S&P 500 targets two ways. They can ****** ume investors will pay a higher multiple for the same earnings, or they can raise their earnings estimates and let the math produce a higher target.
Wells Fargo did the second, as TheStreet reported. The firm lifted its year-end target to 7,950 from 7,007, a jump of nearly 14%, but the earnings multiple barely moved, going from 23.2x to 23.4x. The whole move came from higher profit estimates.
1 month ago
The AI investment boom is set to push global growth further than initially modeled, Bank of America said in a midyear report published late last week.
Spurred by a mix of tailwinds, BofA strategists now see the global economy growing by 3.2% in 2026 and by 3.5% in 2027, with AI in the driver's seat. The economists had previously estimated growth at 3.1% and 3.4% in 2026 and 2027, respectively.
"More than the peace deal, the main drivers of the upward revision to global growth this year are the AI-driven export cycle in Asia and the AI investment boom in the US, while lower oil prices boost growth mildly in developed markets in 2027," global economists Claudio Irigoyen and Antonio Gabriel wrote to clients on Monday.
Through 2025 and into 2026, AI has increasingly dominated US final domestic demand growth, taking over from the traditional leader — consumer spending — per data published by the bank. That trend mean-reversed in the third and fourth quarters of 2025, but in the first quarter of 2026, AI was far and away the leader.
Where AI has boomed, consumer spending has been hamstrung by war-driven surging energy prices through the front half of the year and by steadily rising US inflation that won't seem to go away — and which looks increasingly likely to push the US Federal Reserve to raise rates.
Spurred by a mix of tailwinds, BofA strategists now see the global economy growing by 3.2% in 2026 and by 3.5% in 2027, with AI in the driver's seat. The economists had previously estimated growth at 3.1% and 3.4% in 2026 and 2027, respectively.
"More than the peace deal, the main drivers of the upward revision to global growth this year are the AI-driven export cycle in Asia and the AI investment boom in the US, while lower oil prices boost growth mildly in developed markets in 2027," global economists Claudio Irigoyen and Antonio Gabriel wrote to clients on Monday.
Through 2025 and into 2026, AI has increasingly dominated US final domestic demand growth, taking over from the traditional leader — consumer spending — per data published by the bank. That trend mean-reversed in the third and fourth quarters of 2025, but in the first quarter of 2026, AI was far and away the leader.
Where AI has boomed, consumer spending has been hamstrung by war-driven surging energy prices through the front half of the year and by steadily rising US inflation that won't seem to go away — and which looks increasingly likely to push the US Federal Reserve to raise rates.
1 month ago
Boston Scientific Corporation (NYSE:BSX) is one of the best low volatility stocks to buy under $50. BofA cut the price target on Boston Scientific Corporation (NYSE:BSX) to $61 from $68 on June 12 and maintained a Buy rating on the shares. It noted that the firm's services team continues to highlight a lower utilization environment, and Barclays wants to take a more conservative view on 2027 medtech company estimates, given valuations are already reflecting utilization risk. It further told investors that the firm is lowering 2027 estimates across its larger-cap coverage where there's exposure to utilization and inflation.
Boston Scientific Corporation (NYSE:BSX) also received a rating update from Canaccord on June 1. The firm lowered the price target on the stock to $70 from $71, reiterating a Buy rating on the shares. Canaccord stated that it updated its model on the stock to take into account slowdowns in the U.S. Watchman business in 2026 and 2027, which have negative implications on its revenue and EPS estimates.
Boston Scientific Corporation (NYSE:BSX) manufactures, develops, and markets medical devices used in interventional medical procedures. Its operations are divided into Cardiovascular and MedSurg segments. The Cardiovascular segment covers Cardiology and Peripheral Interventions, while the MedSurg segment comprises Urology, Endoscopy, and Neuromodulation.
While we acknowledge the potential of BSX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
Boston Scientific Corporation (NYSE:BSX) also received a rating update from Canaccord on June 1. The firm lowered the price target on the stock to $70 from $71, reiterating a Buy rating on the shares. Canaccord stated that it updated its model on the stock to take into account slowdowns in the U.S. Watchman business in 2026 and 2027, which have negative implications on its revenue and EPS estimates.
Boston Scientific Corporation (NYSE:BSX) manufactures, develops, and markets medical devices used in interventional medical procedures. Its operations are divided into Cardiovascular and MedSurg segments. The Cardiovascular segment covers Cardiology and Peripheral Interventions, while the MedSurg segment comprises Urology, Endoscopy, and Neuromodulation.
While we acknowledge the potential of BSX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
1 month ago
ServiceNow (NYSE: NOW) regularly racks up 20%-plus yearly revenue growth and attractive margins. It has won praise from Nvidia CEO Jensen Huang, who called ServiceNow the "enterprise operating system" for artificial intelligence (AI). Huang also regularly speaks at ServiceNow's annual events, showing how much he believes in the company.
The Nvidia endorsement is huge, and it's backed by real fundamentals. Even with those tailwinds, the growth stock is down by roughly 35% year to date, but it likely won't remain that way for long.
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 »
ServiceNow helps businesses set up AI operating systems for every part of their business. Companies can use these bots to enhance productivity, reduce expenses, and produce higher-quality customer experiences. While other companies also offer AI bot platforms, ServiceNow has become the premier option, with more than 85% of Fortune 500 companies using its platform.
The company has also expanded to approximately 8,800 customers on subscription plans. That stream of annual recurring revenue makes growth more scalable and easier to predict. It also helped ServiceNow beat all top-line growth and profitability metrics in the first quarter. ServiceNow also decided to raise its full-year subscription revenue outlook.
The Nvidia endorsement is huge, and it's backed by real fundamentals. Even with those tailwinds, the growth stock is down by roughly 35% year to date, but it likely won't remain that way for long.
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 »
ServiceNow helps businesses set up AI operating systems for every part of their business. Companies can use these bots to enhance productivity, reduce expenses, and produce higher-quality customer experiences. While other companies also offer AI bot platforms, ServiceNow has become the premier option, with more than 85% of Fortune 500 companies using its platform.
The company has also expanded to approximately 8,800 customers on subscription plans. That stream of annual recurring revenue makes growth more scalable and easier to predict. It also helped ServiceNow beat all top-line growth and profitability metrics in the first quarter. ServiceNow also decided to raise its full-year subscription revenue outlook.
1 month ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Wendy's stock went vertical Wednesday after a since-deleted WallStreetBets post urged traders to "save Wendy's before it's too late," which is both a radical way to communicate a "Protect Gingers" kink and a fun new way to birth a meme stock .
The move had all the ingredients retail loves: a battered chart, a familiar brand, and a short interest figure that reads like a provocation. Wendy's is down more than 70% since mid‑2023 and had been hovering near 20-year lows. Shorts piled in, and ORTEX estimates put short interest around 34% of the free float on Monday and Tuesday, broadly consistent with late‑May FINRA data in the low-to-high 30s. That's a bear trade so crowded that it can rip off faces if the stock even flinches upwards.
Early-week buying didn't force an immediate squeeze because many shorts were still close to their entry points and weren't under acute pressure to cover. The dynamic changes when the stock gaps up, borrow costs bite, and risk managers start asking whether this position is worth dying on.
One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
Wendy's stock went vertical Wednesday after a since-deleted WallStreetBets post urged traders to "save Wendy's before it's too late," which is both a radical way to communicate a "Protect Gingers" kink and a fun new way to birth a meme stock .
The move had all the ingredients retail loves: a battered chart, a familiar brand, and a short interest figure that reads like a provocation. Wendy's is down more than 70% since mid‑2023 and had been hovering near 20-year lows. Shorts piled in, and ORTEX estimates put short interest around 34% of the free float on Monday and Tuesday, broadly consistent with late‑May FINRA data in the low-to-high 30s. That's a bear trade so crowded that it can rip off faces if the stock even flinches upwards.
Early-week buying didn't force an immediate squeeze because many shorts were still close to their entry points and weren't under acute pressure to cover. The dynamic changes when the stock gaps up, borrow costs bite, and risk managers start asking whether this position is worth dying on.
One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
2 months ago
Guidewire Software Inc. (NYSE:GWRE) is one of the 10 Best 52-Week Low Technology Stocks to Buy According to **** ysts. On June 8, DA Davidson **** yst Peter Heckmann lowered the firm's target price for Guidewire Software Inc. (NYSE:GWRE) to $222 from $246 and maintained a Buy rating on the stock. The downward price target revision still reflects 105% upside from current levels. The **** yst reduced the price target after the company announced its Q3 2026 earnings report.
Photo by Possessed Photography on Unsplash
Guidewire Software Inc. (NYSE:GWRE) released its quarterly earnings report on June 4. The company reported revenue of $372.5 million, which exceeded **** yst expectations by 4.64%. The earnings per share came in at $0.82, which comfortably beat the Wall Street consensus of $0.74.
For the full year 2026, the company has raised its revenue guidance to between $1.46 billion and $1.47 billion. The company's cash flow from operations guidance moved up from $369 million to $380 million. Jeffrey Cooper, CFO of Guidewire, believed the company had better visibility into backlog conversion in Q4, which is expected to support stronger ARR growth.
Guidewire Software Inc. (NYSE:GWRE) offers a cloud-based platform for property and casualty (P&C) insurers worldwide. The platform provides several applications, such as PolicyCenter, ClaimCenter, and BillingCenter, that facilitate core operations for P&C insurance companies. Other offerings include Guidewire Rating Management, Guidewire InsuranceNow, Guidewire Reinsurance Management, Guidewire Client Data Management, and more.
Photo by Possessed Photography on Unsplash
Guidewire Software Inc. (NYSE:GWRE) released its quarterly earnings report on June 4. The company reported revenue of $372.5 million, which exceeded **** yst expectations by 4.64%. The earnings per share came in at $0.82, which comfortably beat the Wall Street consensus of $0.74.
For the full year 2026, the company has raised its revenue guidance to between $1.46 billion and $1.47 billion. The company's cash flow from operations guidance moved up from $369 million to $380 million. Jeffrey Cooper, CFO of Guidewire, believed the company had better visibility into backlog conversion in Q4, which is expected to support stronger ARR growth.
Guidewire Software Inc. (NYSE:GWRE) offers a cloud-based platform for property and casualty (P&C) insurers worldwide. The platform provides several applications, such as PolicyCenter, ClaimCenter, and BillingCenter, that facilitate core operations for P&C insurance companies. Other offerings include Guidewire Rating Management, Guidewire InsuranceNow, Guidewire Reinsurance Management, Guidewire Client Data Management, and more.
2 months ago
Pzena Investment Management recently released its first-quarter 2026 commentary for "Pzena Focused Value Strategy." A copy of the letter can be downloaded here. The equity market faced challenges in the first quarter due to the Iran conflict and the related energy price hike, compounded by continued AI-related uncertainty. Despite this volatility, energy stocks led the value index higher, but the portfolio fell short of the index and returned -4.7% (net) vs. 2.1% for the Russell 1000 Value Index. Despite the uncertainty, the firm believes that the current environment presents a strong long-term opportunity. In addition, you can check the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Pzena Focused Value Strategy highlighted Accenture plc (NYSE:ACN) as a newly added position. Accenture plc (NYSE:ACN) is a professional services company that focuses on consulting, technology and outsourcing. On June 22, 2026, Accenture plc (NYSE:ACN) closed at $124.83 per share. One-month return of Accenture plc (NYSE:ACN) was -29.47%, and its shares lost 58.49% over the past 52 weeks. Accenture plc (NYSE:ACN) has a market capitalization of $76.39 billion.
Pzena Focused Value Strategy stated the following regarding Accenture Plc (NYSE:ACN) in its Q1 2026 investor letter:
"During the quarter, we initiated a position in Accenture Plc (NYSE:ACN), the bellwether IT consulting and services provider. The stock has been weak due to a cyclical slowdown in IT services spending and fear that AI will negatively impact the services industry broadly, which has pushed Accenture's valuation to its lowest point in over a decade. Ultimately, we view Accenture as an essential facilitator of enterprise digital transformation that we believe could benefit from rising demand for process automation enabled by AI."
Accenture plc (NYSE:ACN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 64 hedge fund portfolios held Accenture plc (NYSE:ACN) at the end of the first quarter, up from 71 in the previous quarter. In the first quarter of fiscal 2026, Accenture plc (NYSE:ACN) reported revenues of $18.7 billion, reflecting a 5% increase in local currency. While we acknowledge the potential of Accenture Plc (NYSE:ACN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In its first-quarter 2026 investor letter, Pzena Focused Value Strategy highlighted Accenture plc (NYSE:ACN) as a newly added position. Accenture plc (NYSE:ACN) is a professional services company that focuses on consulting, technology and outsourcing. On June 22, 2026, Accenture plc (NYSE:ACN) closed at $124.83 per share. One-month return of Accenture plc (NYSE:ACN) was -29.47%, and its shares lost 58.49% over the past 52 weeks. Accenture plc (NYSE:ACN) has a market capitalization of $76.39 billion.
Pzena Focused Value Strategy stated the following regarding Accenture Plc (NYSE:ACN) in its Q1 2026 investor letter:
"During the quarter, we initiated a position in Accenture Plc (NYSE:ACN), the bellwether IT consulting and services provider. The stock has been weak due to a cyclical slowdown in IT services spending and fear that AI will negatively impact the services industry broadly, which has pushed Accenture's valuation to its lowest point in over a decade. Ultimately, we view Accenture as an essential facilitator of enterprise digital transformation that we believe could benefit from rising demand for process automation enabled by AI."
Accenture plc (NYSE:ACN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 64 hedge fund portfolios held Accenture plc (NYSE:ACN) at the end of the first quarter, up from 71 in the previous quarter. In the first quarter of fiscal 2026, Accenture plc (NYSE:ACN) reported revenues of $18.7 billion, reflecting a 5% increase in local currency. While we acknowledge the potential of Accenture Plc (NYSE:ACN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
2 months ago
By Mike Dolan
June 24 (Reuters) -
What matters in U.S. and global markets today
By Mike Dolan, Editor-at-Large, Finance and Markets
An 8% plunge in the high-flying U.S. chip stock index on Tuesday marked a jarring injection of volatility into mid-year trading. Memory chipmaker Micron Technology fell around 13%, reversing all its gains from the day before, ahead of its earnings update today.
June 24 (Reuters) -
What matters in U.S. and global markets today
By Mike Dolan, Editor-at-Large, Finance and Markets
An 8% plunge in the high-flying U.S. chip stock index on Tuesday marked a jarring injection of volatility into mid-year trading. Memory chipmaker Micron Technology fell around 13%, reversing all its gains from the day before, ahead of its earnings update today.
