Today's Stock Investing Pulse
Devon Energy’s $8B Marcellus Asset Offer Signals Aggressive Growth Post-Merger
Devon Energy completed its merger with Coterra, creating a larger diversified oil and gas operator. Stone Ridge Asset Management has signaled an $8 billion opening offer for Devon’s Marcellus assets, and the combined company expects to lift its dividend by roughly 30%.
How Looking Back One Year Can Transform Your Small Cap Returns
A new Bridgeway Capital paper shows the small‑cap premium is alive but hidden by stocks that only recently became small. By excluding "fallen angels"—large caps that fell into the small‑cap bucket—and fresh IPOs, the annual premium jumps from 1.3% to over 12% with statistical significance. A three‑year lookback yields the strongest improvement, raising the SMB* factor to 0.28% per month. The authors argue that a simple "was this stock small last year?" filter can revive small‑cap allocations for investors.
Mega Caps Dominate Again, Narrowing Market Breadth
We have seen a violent return to concentrated, large cap dominance since the start of this month (the little tick down at the end of the series). The chart is equal weight vs market cap: Rising ratio → the average...
Stanley Druckenmiller Dumps SanDisk, Shifts to Bloom Energy as AI Power Demand Soars
Stanley Druckenmiller sold his entire SanDisk holding of 166,235 shares after a single quarter and redeployed the proceeds into Bloom Energy, a fuel‑cell maker that has rallied more than 800% since its 2018 IPO. The move signals a thematic shift...
Allbirds Rebrands as NewBird AI, Stock Surges Over 350% After AI Pivot
Allbirds, acquired by American Exchange Group for $39 million, has rebranded as NewBird AI and announced an AI‑focused business model. The strategic shift has lifted the company’s stock by more than 350% since the announcement, while the brand moves to an...
Dexus Secures $600 Million for Wholesale Property Fund, Boosting High‑End Office Market
Australian REIT Dexus attracted $600 million of secondary capital into its $13 billion Wholesale Property Fund, with a superannuation fund contributing $500 million. The injection, covering a 49% office exposure that includes Sydney’s 25 Martin Place tower, marks a clear shift toward premium...
Nucor’s Q1 Beat Wall Street Estimates on Higher Pricing, Steel Demand
Nucor Corp. reported first‑quarter net sales of $9.5 billion, up 23% from a year ago, and net earnings of $743 million, or $3.23 per share, surpassing the $2.82 consensus estimate. The surge stemmed from higher steel prices and volumes, with shipments rising...
Advantest Shares Slide 6.9% After AI‑Chip Tester Outlook Miss
Advantest Corp., the leading supplier of test equipment for AI accelerators, saw its shares tumble up to 6.9% after issuing a weaker‑than‑expected outlook and citing continued capacity constraints. The move comes despite a 50%+ rally this year and recent record...
The Bad Times Happen When Market Valuations Are Too Rich...Like Now | New Harbor Financial
John Llodra and Mike Preston of New Harbor Financial warn that today’s equity markets are trading at historically rich valuations, a condition that historically precedes sharp corrections. They note the S&P 500’s recent rally from its March 30 low, driven...
Nvidia's $5 T Market‑Cap Surge Drives S&P 500 and Nasdaq to Record Highs
Nvidia’s share price jumped to $216, restoring a $5 trillion market cap and propelling the S&P 500 to a fresh 7,174 record and the Nasdaq to 24,887. The rally came amid AI‑driven optimism, a looming Fed decision and heightened Middle‑East tensions.
For Richer, For Poorer: 37 Years of Compounding
A hypothetical $10,000 investment in the S&P 500 on the writer's 1989 wedding day would be worth about $492,000 today, illustrating the power of long‑term compounding. The portfolio grew modestly to $16,500 after five years, surged to $56,759 by 1999,...
Ping Capital Management Spends $15.9 M to Boost Stake in Banco BBVA Argentina
Ping Capital Management disclosed a $15.9 million purchase of 958,700 Banco BBVA Argentina shares, lifting the bank to 7.98% of the fund’s reportable U.S. equity assets. The move highlights growing hedge‑fund interest in undervalued Argentine banks amid volatile emerging‑market conditions.
P&G CFO Says Pricing Power Must Be Earned, Highlights $21.2 B Sales and Cost Headwinds
Procter & Gamble CFO Andre Schulten told investors on the fiscal Q3 earnings call that pricing power must be earned, not assumed. The consumer‑goods giant posted $21.2 B in net sales, a 7% year‑over‑year rise, but warned of $0.25‑per‑share cost headwinds...
Deutsche Börse Confirms 2026 Guidance as Q1 Profit Rises 11% to €585 M
Deutsche Börse Group kept its 2026 guidance unchanged after posting a first‑quarter net profit of €585 million, an 11% rise from the prior year. The results, driven by higher EBITDA and solid earnings per share, signal confidence in the firm’s core...
Greg Abel’s Omission of Bank of America Signals Possible Exit From Berkshire’s Former No. 2 Holding
Greg Abel, Berkshire Hathaway’s new chief executive, left Bank of America off the list of “forever” stocks in his first shareholder letter, suggesting the conglomerate may fully exit its former No. 2 holding. The move follows a series of share sales...
Moody’s Analysts Discuss Their Outlook Downgrade for BDCs
Moody’s has revised its outlook for Business Development Companies (BDCs) to negative, citing mounting pressures across the sector. The rating agency highlighted four core concerns: elevated leverage ratios, heightened redemption activity, weakening asset quality, and the looming threat that artificial‑intelligence‑driven...
Cadence Q1 2026 Revenue Surges to $1.47B, Hexagon Deal Drags EPS
Cadence Design Systems reported $1.474 billion revenue for Q1 2026, a 19% year‑over‑year rise, while flagging that the recent Hexagon acquisition will dilute earnings per share by $0.28 and compress margins by 5%‑10% in the short term. The company raised its...
SM Prime Profit Flat in Q1, Eyes Cut in Capex
SM Prime Holdings reported flat first‑quarter net income of ₱11.66 billion (≈$212 million) while revenue rose modestly 2% to ₱33.3 billion (≈$606 million). Rental income surged 8% to ₱21.6 billion, cushioning a 16% drop in real‑estate sales. The developer, which earmarked ₱100 billion (≈$1.8 billion) for 2026...
Blackstone-Backed Bagmane Prime Office REIT to Go Public; Plans to Raise ₹3,405 Crore via IPO
Bagmane Prime Office REIT, backed by Blackstone, filed its offer document to raise up to ₹3,405 crore (≈ $415 million) through an IPO. The raise comprises a fresh issue of ₹2,390 crore and an offer‑for‑sale of ₹1,015 crore, with the issue opening on May 5 and...
Frothy, but Not Like 1999: This New Valuation Indicator Has Stocks Beating Inflation
Mark Hulbert’s MarketWatch column introduces a revised cyclically adjusted price‑to‑earnings (CAPE) ratio that adjusts earnings for inflation and real growth, painting a less frothy picture of U.S. equities. The new model suggests the S&P 500 can generate positive real returns and...
SCHD: Beating The Market At 3x The Yield
The Schwab U.S. Equity Dividend ETF (SCHD) has posted a 14.5% total return year‑to‑date, far outpacing the S&P 500’s 4.8% gain. Its strong performance stems from a 3.44% dividend yield, heavy exposure to the energy sector, and valuation metrics that suggest...
CII: Strong Dividend Coverage But Not A Buy Yet
BlackRock Enhanced Large Cap Core Fund (CII) offers a diversified equity portfolio with a 7% dividend yield and monthly payouts. The fund trades at a 0.97% premium to NAV, higher than its five‑year average discount, which dampens entry appeal. Its...
GM Raises 2026 Outlook After Tariff Ruling
General Motors reported first‑quarter 2026 revenue of $43.62 bn, a 0.9% YoY decline, while adjusted EBIT jumped 21.9% to $4.25 bn. The automaker raised its full‑year adjusted EBIT outlook to $13.5‑$15.5 bn after a U.S. Supreme Court decision trimmed tariff costs by $0.5 bn....
Historical 10‑Year Growth ~6%—Most DCFs Overestimate
Most 10-year DCF models assume sustained double-digit growth. Historical base rates suggest a different reality. 📉 For the typical Russell 3000 company (1984-2020), the median 10-year sales growth is just 6.2%. Even in Tech, that median drops to 7.2%. If your "conservative"...
WPP Says Turnaround Is Making Early Progress, but There’s a Long Road Ahead
WPP released its first trading update since the February Elevate28 overhaul, showing early signs of progress but acknowledging a long path ahead. Like‑for‑like revenue fell 6.7% to £2.3 bn (about $2.9 bn) and media revenue dropped 8.5% as major clients left. The...
Denso Grows FY2026 Revenue and Profit
Denso announced FY2026 consolidated revenue of ¥7.54 trillion (≈$47 bn), up 5.3% year‑on‑year, and operating profit of ¥552.5 billion (≈$3.5 bn), a 6.5% increase. The company lifted its dividend to ¥67 per share and projects FY2027 revenue of ¥7.67 trillion (≈$48 bn) with operating profit of...
Elevance Health (ELV) Positioned for Long-Term Margin Improvement Amid Medium-Term Challenges
Hotchkis & Wiley’s Large Cap Fundamental Value Fund lagged the Russell 1000 Value Index in Q1 2026, largely due to its overweight in software and health insurers. Elevance Health (ELV) was a key detractor, with its share price at $356.13 and...
Citi Lowers Price Target On Palantir Ahead Of Q1 Earnings Report
Citi analyst Tyler Radke lowered Palantir’s price target to $210 from $260, citing broader software‑sector weakness despite the company’s strong growth trajectory. He still expects Palantir to beat Q1 estimates, projecting EPS of $0.28 and revenue of $1.54 billion, driven by robust...
Amazon Is Now a Chip Company, and AMZN Stock Is Worth Buying Even at All-Time Highs
Amazon has expanded beyond e‑commerce into a full‑stack cloud provider, with AWS contributing one‑fifth of revenue and delivering a 30% operating margin. To accelerate its AI ambitions, the company has built custom silicon—Trainium for LLM training, Graviton CPUs, and Inferentia...
Xpel's Free Cash Flow Soars, Stock Still Halves
Not always true, though. Xpel has doubled FCF and FCF/share over the last 3 years, and is very likely to double it again over the next 3 years, yet the stock has been cut in half. Xpel's stock price has...
Investment Trusts Are Outperforming Funds - Which Is Best for Your Portfolio?
Research from the Association of Investment Companies shows investment trusts have outperformed comparable open‑ended funds across multiple time horizons. Over the past decade, trusts delivered an extra £31 per £100 invested (about $39 per $100), equivalent to a 1.3 percentage‑point annual...
Illiquidity Becomes a Self‑Control Tool for Long‑Term Investors
Key quote: “long-term investors are shielded from the risks because they can lock up their capital to weather market cycles” The only risk being “shielded” is the risk of being dumb (selling in a panic). That’s not a trivial thing, we’re...
Earnings Power Drives Market to New Highs Amid Conflict
Why didn't the stock market fall further in the face of a war in the Middle East and an oil price spike? Why are we already back at new all-time highs? In a word -- earnings https://t.co/qfWzRKurxU https://t.co/2MrOBldvIL
Public Markets Haven’t Figured Out How to Bake in AI Productivity Gains
The market is currently pricing AI gains by rewarding vendors—Nvidia, hyperscalers, and infrastructure providers—while largely ignoring the productivity boost that AI will deliver to end‑users. Historical U.S. labor‑productivity data shows past tech revolutions added only 2‑3% annual growth, yet early...
Longi's Q1 Loss Widens Despite Higher Prices and Exports
Chinese solar giant Longi Green Energy saw its net loss widened in the first quarter, despite stronger module pricing and exports offset overcapacity in the sector https://t.co/cC779flaIO
High GRR Shields Value Even as NDR Drops
While "cost containment" can shrink Net Dollar Retention (NDR) if upsells go way down and that does affect terminal value. BUT... ...there's a limit to how much terminal value can be eroded from software if Gross Revenue Retention (GRR) remain extremely...
Micron Technology May Double as AI Boom Stokes Demand for Memory Hardware, D.A. Davidson Says
Micron Technology could see its shares nearly double as the AI boom fuels unprecedented demand for memory hardware, according to D.A. Davidson’s new coverage. The investment bank issued a buy rating with a $1,000 12‑month price target, implying about 91%...
Tech‑Driven Earnings Resilience Fuels Global Market Boom
Yardeni Research Chart of the Day (April 28, 2026) Is the global stock market boom partly attributable to the resilience of earnings as technological innovations boost profit margins worldwide? https://t.co/I7VhP9xXJi
FDA Accuses Amgen of Data Manipulation; Erasca Falls
FDA claims Amgen drug data were ‘manipulated’; Erasca slides despite ‘home run’ results https://t.co/UbftjXwEwa $AMGN $ERAS - 53% $RCKT $JANX
SoundHound AI Shares Slip 18% YTD as Investors Await Q1 2026 Results
SoundHound AI's stock is down 18% year‑to‑date and 66% from its December 2024 peak, even as the company reported a 99% revenue surge to $168.9 million in 2025. Investors are focused on the May 7 release of Q1 2026 results, which could...
Check Your Portfolio Less for Less Stress, Better Returns
Why checking your portfolio less helps Less checking often means less stress and better outcomes. #LongTermInvesting #BehaviouralFinance https://t.co/vWXJKp3lOU
South Korea Fuels BlackRock’s EM Overweight, Memory Stocks Rally
"BlackRock in April said South Korea was a key driver for its upgrade of emerging-market stocks to overweight"... memory stocks have now become a consensus trade
Tesla Beats EPS but Misses Revenue; Stock Holds Near‑Term Levels
Tesla reported earnings that topped analysts' EPS expectations while revenue lagged, yet the stock barely moved. The high‑valuation EV maker leans on AI and robotaxi ambitions to sustain investor interest despite a 16% YTD decline.
Nokia Shares Surge 2.9% After Analyst Upgrade Citing Data Center Optical Demand
Nokia’s shares climbed 2.87% to $10.76 after an analyst upgrade highlighted stronger-than-expected earnings and growing demand for optical transport and IP routing in AI‑driven data centers. The upgrade comes as trading volume more than doubled its three‑month average, underscoring heightened...
Eli Lilly’s Zepbound Sales Surge and Launch of Oral GLP‑1 Drug Foundayo Boost Weight‑Loss Play
Eli Lilly reported a rapid acceleration in sales of its anti‑obesity medicine Zepbound and introduced Foundayo, an oral GLP‑1 therapy, expanding its addressable weight‑loss market. Analysts see the moves as a hedge against emerging rivals and a catalyst for the...
BlackRock Flips Global Allocation Fund to Net‑long AI Options in $17 B Strategy
BlackRock has moved its $17 billion Global Allocation Fund from a net‑short to a net‑long position in equity options tied to artificial‑intelligence (AI) stocks. The shift comes as the fund reduces cash equity exposure while expanding its options book, marking a...
Cerebras Files S‑1, Targeting AI Chip IPO to Challenge Nvidia
Cerebras Systems filed an S‑1 registration with the SEC, signaling an imminent IPO that could make it the first pure‑play AI‑accelerator chip company to go public in 2026. The filing highlights a $20 billion OpenAI contract, a $24.6 billion backlog, and a...
Ackman's Pershing Square Puts 27% of Assets in Meta and Uber AI Plays
Bill Ackman's Pershing Square Capital Management has concentrated roughly 27% of its portfolio in two AI‑focused equities—Meta Platforms and Uber Technologies. Wall Street analysts see 50% to 100% upside in those stocks, prompting a debate over the fund’s risk exposure...
Carlyle's BDC Discount Model Vastly Underestimates Market Reality
Carlyle's modeled average BDC discount of approximately -5% (based on current credit conditions) is far greater than the average actual BDC discounts of more than -20%, leading to a record "historical variance" in which NAV discounts are far wider...
Domino's Q1 2026 Revenue Rises 3.5% as Same‑Store Sales Edge Higher
Domino's Pizza posted a 3.5% revenue increase to $38.5 million and a 9.6% jump in income from operations for Q1 2026, while same‑store sales grew 0.9% in the U.S. and fell 0.4% internationally. The company added 180 net stores worldwide and approved...
Incyte Wavers As Growth Questions Plague Its Up-And-Coming Drug
Incyte (INCY) saw its IBD SmartSelect Composite Rating rise to 97 as first‑quarter earnings topped expectations, reporting adjusted EPS of $1.81 on $1.27 billion in sales versus consensus forecasts of $1.32 and $1.22 billion respectively. The biotech reaffirmed its full‑year sales guidance...