Michael Burry built his reputation calling the 2008 housing crash, a trade immortalized in “The Big Short.” Since then, Wall Street has watched every new position he takes, even when his timing has occasionally run ahead of the market by months or years. This summer, Burry loaded up on bearish bets across some of the
While markets data shows that the global market for dining out is projected to grow from $1.9 trillion now to more than $3 trillion by 2030, many individual chains that were popular in another era are struggling to survive amid changing consumer trends. U.S. chains like Smokey Bones, Peet’s Coffee, and Joe’s Crab Shack have
Another day to look at Micron (MU). I think I have covered this stock more than any other stock lately. One of the most recent best beats was the historic Q3 preview earnings coverage. I call it best because our target was hit on the same day as that Q3 blowout print. Plus, it has
Revived from the defunct 1950s-era Frontier in 1994 by former United Airlines pilot Rick Brown with his wife and business partner, Denver-based low-cost carrier Frontier Airlines quickly found a market flying to smaller cities overlooked by mainstream airlines and offering a rock-bottom base fare that it then compensated for by charging for baggage and seat
If your portfolio has been riding the same cluster of mega-cap technology stocks since 2023, Morgan Stanley has a timely warning. The S&P 500climbed about 20% from its April low to a record high near 7,620 on June 2, fueled by optimism over the U.S.–Iran ceasefire and persistent enthusiasm for artificial intelligence. Since then, the
For most of the past two years, investors bought nearly every company tied to semiconductors, from chip designers to equipment makers, and those stocks rose across the board. Enterprise software, on the other hand, got treated as collateral damage, priced as though large language models would eventually make the whole category redundant. That assumption is
For years, the AI chip conversation has had one dominant name and a long list of challengers trying to close the gap. Most of them haven’t. One of them is starting to look different, and Bank of America just made that case in writing. Bank of America analyst Vivek Arya, who covers semiconductors for the
Samsung Electronics and SK Hynix are preparing to unveil major supply agreements with American technology companies during President Lee Jae Myung’s visit to Silicon Valley. The negotiations behind these deals have been running for months. What changed is the venue, and that detail says something about how Seoul wants this relationship read going forward. Chief
Bank of America reiterated its Buy rating and $130 price target on ServiceNow (NOW) after the software company reported stronger-than-expected second-quarter contract growth. The target represents about a 36% upside from the $95.46 share price listed in BofA’s July 23 report. According to the report, ServiceNow’s subscription revenue rose 24.5% to $3.88 billion, and current
AMD has already had one of the best years of any stock in the market. Up more than 170% year-to-date. A market cap pushing toward $1 trillion. A server CPU business that’s been quietly taking share from Intel while the GPU story was getting all the headlines. Wells Fargo analyst Aaron Rakers raised his price