Equities, indices, earnings, IPOs, and trading news.
The S&P 500 posted a strong quarterly gain in the second quarter, bringing the index's year-to-date return to 9.6%. The stocks in our equity portfolio increased approximately 4% in the first half of the year. We exited our position in DaVita and added Zoetis to the portfo…
Why it matters
The article discusses the market's reaction to the conflict in Iran and the impact of artificial intelligence on the economy. It highlights the importance of understanding the long-term implications of short-term market swings and the potential risks of investing in AI-related capital projects.
The article highlights Warren Buffett's concern that current market behavior, driven by excitement around AI and high valuations, resembles gambling rather than sound investing. It draws parallels to historical market peaks, specifically the dot-com bubble, suggesting a potential decline based on the S&P 500's Shiller CAPE ratio.
The surge in 2026 IPO capital raised on Nasdaq is driven by record-breaking IPOs from SPCX and SKHY, which have propelled 2026 IPO capital raised to $140 billion, nearly matching the 2021 record, with strong cyclical momentum.
China's domestic semiconductor industry is gaining momentum due to US chip export restrictions, with investors overlooking a key component in the global AI supply chain.
Netflix's Q2 print shows strong underlying fundamentals, but the stock's decline reflects sentiment around disclosure changes, regional deceleration, and content-spend seasonality. The market is effectively pricing NFLX as a no-growth company, but reverse DCF math and long-term FCF visibility point to a materially undervalued, high-quality asset.
Updated as new stories ingest
J.B. Hunt Transport Services delivered strong Q2 2026 results, with accelerating intermodal volume and profit growth outpacing revenue gains. The IM segment EBIT soared 58% on 10% volume growth, demonstrating operating leverage and network efficiency before a major pricin…
The article advocates for value investing in dividend stocks with historically high yields, suggesting this approach can lead to both capital gains and income, especially when yields surpass the 10-year Treasury.
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