Exxon Mobil (XOM) had a big day Friday, and the easy explanation was oil. Crude prices pushed higher again as supply fears stayed in focus, putting the major energy names back on traders’ screens. Exxon came into this rally with stronger company-specific momentum than many of its peers. The stock already had support from record
Jeff Currie could pass as a preacher. But you may not like what he’s preaching. The partner of the Carlyle Group and head of its Energy Pathways Group thinks oil prices have not yet peaked thanks to the Iran war, now finishing its fourth week. Not even close. Absent a sudden truce, he sees prices
Broadcom (AVGO) stock is down about 8% year to date, but its latest quarter made one thing hard to ignore. The AI trade may not be cooling as much as investors feared. Broadcom is now generating real AI-driven revenue from hyperscalers, not just talking about future potential. At the same time, VMware is shifting the
Cathie Wood just dialed back one of Big Tech’s biggest names again. The ARK Invest boss shed 3,578 shares of Meta Platforms (META) on March 25, a move worth nearly $2.1 million. The sale was spread across three of ARK’s major actively managed ETFs, with Meta coming off a lean patch, having dropped 16% of
BlackRock CEO Larry Fink just joined a growing chorus of high-profile names sounding the alarm over a potential global recession, saying oil prices might surge to $150 a barrel if geopolitical tensions involving Iran persist. In an interview cited by Reuters, Fink laid out the case that even if the war wraps up, the relentless
Microsoft has had a rough stretch in the market in recent months. Shares of the Dow 30 stock have pulled back sharply over the past year, weighed down by investor worries over capital spending and whether the artificial intelligence boom will actually translate into lasting profit growth. Valued at a market cap of $2.84 trillion,
Peter Schiff just issued his starkest warning yet. The economist and chairman of Euro Pacific Capital posted on X on March 25: “We are headed for a full-blown financial crisis.” He pointed to February’s import and export price data as evidence that inflation is accelerating fast, and he warned the Fed is not doing nearly
Morgan Stanley just published survey data that makes a strong case for owning Apple (AAPL) stock. The firm’s AlphaWise Global Smartphone Survey was released March 22. It shows iPhone upgrade intentions hitting an all-time survey high. The data support the bank’s above-consensus iPhone forecast. Morgan Stanley keeps its overweight rating and $315 price target unchanged.
A $10 trillion valuation sounds extreme even for a behemoth like Nvidia (NVDA), but CEO Jensen Huang didn’t bat an eye when asked directly by popular podcaster Lex Fridman. “I think that Nvidia’s growth is extremely likely and in my mind, inevitable.” Clearly, this is a response from a highly confident CEO, with no caveats,
Between the significant changes in how travelers book trips and consumers who are watching discretionary spending more carefully, it is proving to be a particularly tough time to run a travel agency. Travel companies that collapsed in bankruptcy over the last year include British firms Great Little Escapes and Jetline, Swedish travel company MixxTravel and French