Today's Stock Investing Pulse
Indian investors urged to add global exposure as rupee hits record low
On May 20 2026 the rupee fell to a record low of Rs 96.97 per dollar, underscoring the urgency for Indian investors to seek foreign exposure. Since the 1991 liberalisation the currency has depreciated about 5% annually, and it dropped 12% in the past year driven by high oil prices, foreign‑portfolio outflows of roughly ₹2.2 trillion ($23 billion) and a persistent inflation gap.
Morgan Stanley Forecasts Fiscal Second-Quarter EPS of $1.74
Morgan Stanley projects Apple’s fiscal second‑quarter earnings per share at $1.74, aligning with Street estimates despite rising memory costs. The firm cites strong iPhone, Mac and Services demand, plus upcoming catalysts such as an AI‑enhanced Siri at WWDC and a potential foldable iPhone, to offset margin pressure. Morgan Stanley maintains an Overweight rating with a $315 price target, forecasting a modest multiple expansion that could lift the stock toward $300 by September. The outlook balances short‑term cost headwinds against a favorable seasonal window and robust cash‑flow generation.
Mondelez Rips Higher on a Q1 Beat as Cocoa Pressure Finally Starts to Crack
Mondelez International posted a first‑quarter earnings beat, delivering adjusted EPS of $0.67 versus the $0.61 consensus and revenue of $10.08 billion, an 8% year‑over‑year rise. Margin pressure from higher cocoa costs softened as commodity prices have been trending lower, helping the...
Parkway Life Reit Q1 DPU up 15.1% at S$0.0442 on Higher Singapore Hospital Rents
Parkway Life REIT posted a 15.1% jump in Q1 distribution per unit to S$0.0442 (≈$0.033), driven by higher Singapore hospital rents after the end of three‑year rent rebates and a new rent‑review formula. Distributable income rose to S$28.8 million (≈$21.3 million) while...
Glowing Numbers...With Glaring Omissions
The author revisits a previously flagged stock, declaring it a perpetual avoid‑list due to unresolved, fundamental questions about its business model. While the company’s recent earnings have been highlighted by mainstream media, the post stresses that the numbers are misleading...
Ackman Purchases 1.3M PS Shares at Deep Discounts
An excerpt from my interview with @CNBC on $PSUS and $PS. I bought 500,000 shares of $PSUS and 800,000 shares of $PS yesterday in the open market. PSUS trades at a large discount to its $49 cash per share...
Pre-Earnings NRP Analysis
NRP is expected to post a solid but unremarkable Q1 2026 coal earnings report, with higher met‑coal prices potentially contributing an extra $3‑6 million of free cash flow versus Q4 2025. Volume weakness from major lessee AMR and other customers will temper revenue...
Ray Dalio: The World Order Has Unraveled
In this episode, Ray Dalio explains his "big cycle" framework, outlining five forces—monetary, debt, political/social, geopolitical, and natural/technological—that shape the global economic order. He describes how the debt cycle functions like a circulatory system, where rising debt service relative to...
MYE Undervalued: Signature Systems Drives Hidden 70% EV
$MYE looking cheap again. Still up 30% since the original pitch, but trading at 10x EV/2025 FCF. Hidden asset Signature Systems is potentially worth 70% of EV alone. Gamco, with a 15% stake pushing for a Signature partial IPO. Management mute on...
Mercedes-Benz Posts Lower Q1 Profit, Keeps Full-Year Outlook
Mercedes‑Benz Group reported Q1 2026 revenue of €31.6 bn ($36.9 bn), down 4.9% year‑on‑year, while EBIT fell 16.8% to €1.9 bn and net profit slipped 17.2% to €1.43 bn. Unit sales dropped 6% to 419,430 vehicles, but excluding China the figure rose 5%. Battery‑electric...
Can Sprout Social Survive the SaaSpocalypse with Pernas Research's Deiya Pernas
In a recent episode of the Yet Another Value Podcast, analyst Deiya Pernas examined Sprout Social (SPT) amid the ongoing SaaS sell‑off. The conversation dissected Sprout’s platform strengths, API complexity, integration depth, and AI‑related risks, questioning whether the market is undervaluing...
Carvana Sets Record with 187,393 Vehicles Sold in Q1, Analysts Upgrade Ahead of Earnings
Carvana reported a record 187,393 vehicles sold in Q1 2026, a 40% year‑over‑year increase, and $6.43 billion in revenue. Morgan Stanley upgraded the stock, citing the retailer’s growth and new dealership acquisitions, while warning of macro headwinds.
Pershing Square USA Falls 18% on NYSE Debut After $5 Billion IPO
Bill Ackman's Pershing Square USA Ltd. opened at $42 and closed at $40.90 on its NYSE debut, an 18% drop despite a $5 billion IPO that set a record for U.S. closed‑end funds. The sharp fall has reignited debate over the...
German Q1 GDP Jumps 0.3% YoY, Outpacing Forecasts and Boosting Euro‑Stock Optimism
Germany reported a 0.3% sequential rise in first‑quarter GDP, topping the 0.1% consensus and nudging the Euro‑zone growth outlook higher. The surprise comes amid lingering energy‑price pressures and a slump in consumer sentiment, raising questions about the European Central Bank’s...
Amazon’s Earnings Just Sent the Stock to New Highs—What’s Next?
Amazon’s earnings beat expectations, propelling the stock over 35% higher since March and setting a fresh all‑time high of $265.06. AWS revenue surged 28% year‑over‑year, driven by booming AI workloads, while the company’s custom Trainium chips are now contributing revenue....
L3Harris Files Draft Prospectus for Missile Solutions IPO Amid Rising Defense Spending
L3Harris Technologies filed a confidential draft S‑1 with the SEC to launch an IPO of its Missile Solutions business, following the March appointment of Kenneth Bedingfield as president. The filing arrives as the defense sector absorbs a $25 billion war cost...
Analysts Favor Rigetti Over Quantum Computing Inc. As the Best Quantum Dip Buy
Analysts say Rigetti Computing (RGTI) and Quantum Computing Inc. (QUBT) are the leading candidates for buying the dip after both fell more than 60% since October. Rigetti’s $5.5 billion valuation, integrated hardware‑software platform and ten‑fold higher revenue make it the stronger...
AI‑Driven SaaS Stocks Plunge in ‘SaaSpocalypse’: Salesforce and ServiceNow Under Pressure
Investors are dumping pure‑play SaaS names as AI‑generated code tools raise doubts about long‑term software demand. Salesforce (CRM) and ServiceNow (NOW) have seen their shares tumble, prompting analysts to label the rout a “SaaSpocalypse.” The sell‑off highlights a broader market...
Our View on Chinese Assets: April 2026
Baiguan Pro released its April 2026 view on Chinese assets, highlighting a continued rise in the China Resident Risk Appetite Index (CRRAI) to -0.08, just shy of the neutral zero line. The firm notes that foreign institutional sentiment toward A‑shares...
Ford’s EV Losses Narrow to $777M in Q1 2026 Amid Model E Profitability Efforts
Ford's Model e unit posted a Q1 2026 loss of $777 million, $72 million less than a year ago. Revenue stayed at $1.2 billion while EV deliveries rose to about 34,000 units, lowering the average selling price. The EBIT margin improved to –63.1%, but the...
HawkEye 360 (HAWK) IPO Deck
HawkEye 360, a provider of space‑based radio‑frequency signals intelligence, released its IPO deck on April 30, 2026 ahead of a planned public offering. The presentation outlines a target valuation of roughly $1.5 billion and a raise of about $200 million to expand its satellite constellation...
Naspers Pays Premium Buying Shares Above Average Cost
Naspers is now sitting at R894 a share. They continue to buy shares weekly at around the +R900 level, and are spending billions of Rands every month doing so. Their average share price since starting their repurchases sits at +-R725...
Lloyds Shares Upgraded to ‘Buy’ After Interest Rates Tailwind
UBS analysts upgraded Lloyds Banking Group to a Buy rating, citing strong profit tailwinds from the current high‑interest‑rate environment. The bank’s net interest margin rose to 3.17% in Q1 2026, a seven‑basis‑point increase, while its structural hedge is set to...
Consistent Fund Inflows in a Mixed Market
Mutual fund inflows in India stayed robust through a mixed market in early 2026, with equity, hybrid and index funds all recording net monthly inflows measured in billions of rupees. The data, shown in Nithin Kamath’s Substack post, indicates that retail...
Family Office of One of Asia’s Wealthiest Individuals Backs Struggling EV Battery Group in Green Push
A family office linked to one of Asia’s wealthiest families has taken a stake in a listed electric‑vehicle battery platform that has been struggling financially. The infusion of capital is intended to stabilise the company and accelerate its regional joint‑venture...
Ford Raises 2026 EBIT Outlook After First Quarter Profit Rise
Ford posted a dramatic earnings rebound in Q1 2026, with net income soaring to $2.55 bn from $473 m a year earlier. Revenue rose 6% to $43.25 bn despite a 4% decline in wholesale volumes. The automaker lifted its full‑year adjusted EBIT outlook...
Meta Shares Slump As It Boosts Capex Prediction
Meta announced its 2026 capital expenditure will rise to $125‑$145 billion, up from $115‑$135 billion, as AI‑focused data‑center costs climb. The surprise lift knocked the stock down roughly 6 % in after‑hours trading. Component price inflation and a planned 10 % workforce reduction (~8,000...
Iberdrola Posts Higher Adjusted Profit on UK Power Growth
Iberdrola posted an adjusted net profit of €1.87 bn ($2.18 bn) for Q1 2026, up 11.4 % year‑over‑year, propelled by a 72.6 % surge in UK electricity distribution to 14,687 gWh. The Networks segment generated €5.65 bn in revenue, with the UK contribution rising 23.9 % to €715.3 million....
LGES Reports Net Loss in Q1 on ESS Ramp Up
LG Energy Solution (LGES) posted a Q1 2026 net loss of KRW 944 billion ($636 million), a swing from a KRW 227 billion profit a year earlier. The loss stems from higher costs tied to the ramp‑up of its U.S. energy storage systems (ESS) plant...
Endeavour on Track to Double Forecast Payouts to Shareholders
Endeavour Mining reported record Q1 results, delivering $880 m EBITDA and $631 m free cash flow, positioning it to more than double its minimum dividend commitments. The West African gold producer now expects to return at least $2 bn to shareholders through a...
Turnaround Achieves Positive Cash Flow Amid Revenue Decline
Macro: Turnaround posts first positive operating cash flow; receipts +31% 📈 Key: revs down as IP cyclical (-51.5%) and lower marketing; staff -29%. Risks: margin squeeze. Trade: long WNX into Q4.— Viktor Kopylov, PhD, CFA. More insights: t.me/si14Kopylov
Active Vs. Passive Sector Exposure: An Investor’s Guide>
Sector ETFs let investors target specific market segments, but passive funds often face regulatory limits that force them to cap large holdings at 25% of assets. Those caps distort true market‑cap exposure, especially in concentrated sectors like technology and consumer...
Smartworks' Revenue Crosses Rs 500 Cr in Q4 FY26, Maintains Profitability
Smartworks, the Indian managed office provider, posted Q4 FY26 revenue of Rs 520 crore ($55 million), crossing the Rs 500 crore ($53 million) mark and delivering a profit of Rs 16.6 crore ($1.8 million). Year‑on‑year revenue rose 45% to Rs 520 crore, while full‑year FY26 revenue reached Rs 1,796 crore ($189 million), a 30%...
Treat Rent as Operating Cost, Not Financing Cash Flow
The silly rule of showing rent as cash flow from financing makes it so painful to find out if a co is truly cash flow positive from ops. Rent is an operational cost so you have to put back the...
ArcelorMittal Retains Profitability in Early 2026
ArcelorMittal posted a resilient first‑quarter 2026, with operating income surging to $753 million—more than double the $327 million recorded in Q4 2025. Adjusted earnings per share slipped to 76 cents from 86 cents a quarter earlier, though they remain above the $1.05 level a year...
Betr Entertainment Reaffirms Earnings Targets as Net Win Margin Rebounds
Betr Entertainment reported Q3 FY26 net win of AUD 38.2 million (≈USD 25 million) and a gross win margin of 13.1%, pushing its net win margin back above the 10% target. First‑time depositors rose 35% and customer stickiness improved 22% YoY, while generosity costs...
TSMC's AI‑driven Pricing Power Fuels Further Upside
TSMC keeps hitting all-time highs, but the AI boom and pricing power suggest there’s more room to run. Geopolitical risk is real, but their tech moat is massive. Semiconductors
AMD: The Overlooked AI Winner You Should've Bought More
In hindsight, AMD has been an obvious play over the past few months. The biggest tech companies clearly signalled in their earnings reports that AI spending was ramping up fast, and we knew they were buying directly from AMD. I even posted...
Research Pipeline Session #17: A Boring AI Stock That's Building Hyperscaler Data Centers
Investors chasing AI exposure typically buy chips, hyperscalers, or power‑related stocks, but a small‑cap construction contractor is quietly building the foundations for dozens of hyperscaler data centers. The company has just turned profitable after two years of losses and boasts...
Investor Behavior Costs Returns, Study Finds Biggest Drag
Morningstar's new "Mind the Gap" study reveals that investors' own reactive actions—selling low, chasing high—are the largest source of underperformance, eroding returns by several percentage points annually. The finding underscores the urgent need for wealth managers to embed disciplined, behavior‑focused...
IShares Semiconductor ETF Surges 45% YTD, Becomes Top AI Exposure Vehicle
The iShares Semiconductor ETF (SOXX) has risen more than 45% year‑to‑date and tripled in value over the past five years, positioning it as the leading exchange‑traded fund for investors seeking broad exposure to AI‑driven semiconductor stocks. Its 30‑stock portfolio includes...
Norsk Hydro Q1 Profit Falls 46% as Revenue Slides 12% Amid Aluminum Slump
Norsk Hydro ASA posted a 46% year‑over‑year decline in EBIT to NOK 4.4 billion ($480 million) and a 12% fall in revenue to NOK 50.4 billion ($5.5 billion) for Q1 2026. The results reflect weaker aluminum prices and lingering supply‑chain constraints that are reshaping the primary...
Benchmark Electronics Posts $642M Q2 Revenue, Meets Guidance as Margins Edge Higher
Benchmark Electronics (BHE) posted Q2 2025 revenue of $642 million, a 2% sequential rise that fell within its guidance range. The company also hit the midpoint of its non‑GAAP EPS forecast at $0.55 and nudged margins higher, reinforcing confidence in its...
Taiwan’s Stock Market Surpasses Canada, Becomes World’s Sixth‑Largest at $4.47 Trillion
Taiwan’s equity market eclipsed Canada to become the world’s sixth‑largest by market capitalisation, climbing to $4.47 trillion after a 35% gain this year. The jump reflects soaring demand for AI‑linked stocks and the outsized rise of chipmaker TSMC, which now accounts...
Permanent Portfolio Poised for 26% Gain, Best Since 1933
The Permanent Portfolio is on track to gain +26% in 2026, its best annual return since 1933. It consists of equal portions of US stocks, 10-year Treasury bonds, commodities, and cash.
Nike Bounces Back Amid Market Challenges
Today's TSOH Investment Research "Nike: Fighting Back" $NKE Thank you to @FrancoOlivera for his helpful feedback and edits https://t.co/dupGIEWdYS https://t.co/VqgZUmUTbl
Big‑Cap Stocks See Valuations Diverge From Fundamentals
We are seeing a massive decoupling of valuations from fundamentals. The larger the stock, the more intense this shift becomes. Here is the data on the new market reality 🧵 h/t @mjmauboussin for this wealth of data. https://t.co/3cVr2WqgiZ
MONY Appears Cheap: Lower P/E, Higher Dividend
#MONY Update reads OK and no evidence of AI causing problems. ShareScope has fwd p/e 9.5 falling to 8.9 and fwd Divvy 7.5% rising to 7.7% and Buybacks on top. Could be cheap really. I don't hold.
GLEN Margins Set to Expand as Metal Prices Rise
#GLEN says production pretty much in line but suggesting rises in metals prices could widen margins, despite higher input costs. ShareScope has fwd p/e 13.4 RISING to 13.5 and fwd Divvy 2.6% each of next 2 years; very difficult to...
CATL Share Sale Expected to Narrow HK‑Shenzhen Price Gap
A blockbuster share sale by CATL is poised to further chip away at the unusually high premium on the company’s Hong Kong-listed shares, potentially bringing them closer in line with its Shenzhen stock, analysts say https://t.co/bVwHsKyCjy
Ayala Land Trades at Roughly Half Its Book Value
Ayala Land, one of the Philippines most well-known and respected property developers, is now being valued by the market at near HALF book value. Wow https://t.co/ePVrGvsF8S