Latest Articles
-
Is UnitedHealth’s Margin Going Back To What It Was?
UnitedHealth’s operating margin has dropped well below its own long-run level, and by the company’s own account the repair in its commercial business is a multi-year job rather than a finished one. UnitedHealth (UNH) has returned ab...
-
Alphabet’s AI Story No Longer Runs Through The Business That Funds Everything Else
The advertising line management once pointed to for AI money has been speeding up, not slowing down. Alphabet (GOOGL) has not gone quiet about much. What changed over two years is where the AI story sits: it moved from the advertising engine to...
-
Caterpillar Stock’s Upside Is Sitting In Plants It Already Owns
With its big engines and turbines booked years ahead, what decides the stock from here is how fast Caterpillar can lift production. Caterpillar (CAT) cleared $20 billion of sales for the first time in its history in the second quarter of 2026, ...
-
Joby Aviation Stock Is Priced For An Aircraft That Has Yet To Fly A Passenger
The sales behind its multiple come from the passenger network it acquired, while the electric air taxi at the center of the story is still working through its final certification stage. Joby Aviation (JOBY) stock is up about 14% over the past m...
-
The Options Market Prices A Swing Of Hundreds Of Dollars In Meta Stock
The options market prices a very wide band for the year ahead, while charging only the ordinary premium for it. Meta Platforms (META) trades near $594.92, after twelve months in which the stock lost 21.7% while the S&P 500 returned 23.3%. I...
-
CrowdStrike Stock’s Surge Showed Up In Its Bookings Two Reports Early
The demand behind the run was already in its subscription commitments two reports before the price moved. CrowdStrike (CRWD) stock is up about 128% since early February, against a 12.2% gain for the S&P 500. A run that size usually looks ob...
-
Fluor’s Profit Jump Was Borrowed From Its Own Second Half
The stock gave back part of its earnings pop once the market saw where the quarter’s profit actually came from. Fluor (FLR) closed Friday at $57, the top of its 52-week range, after jumping 16.9% on its second-quarter results. On Monday t...
-
Palo Alto Networks Stock Ran On A Threat That Management Had Already Named
Palo Alto Networks had described the AI attack problem, raised its long-term target and bought an observability platform before the stock repriced. Palo Alto Networks (PANW) stock has risen roughly 142% over the past six months, to $385.04, aga...
-
GLOBALFOUNDRIES Stock Keeps Swinging Because Its Fastest Business Is Its Smallest
The quarter beat and the outlook went up. The stock still swings, because the fastest-growing part of this foundry is also its smallest. GLOBALFOUNDRIES (GFS) stock fell 7.2% on Monday to close at $50.05, five days after a June-quarter report t...
-
NVIDIA’s Falling Multiple Is A Bill, Not A Bargain
Analysts have the earnings growing into the price, so what a holder is really underwriting is the build-out that has to produce them. A multiple of roughly 32.1 times the last twelve months of adjusted earnings is why NVIDIA (NVDA) reads as expe...
-
The Trade Desk Took Its Workloads In House, Then The Margin Guide Cracked
The outlook cuts profit much more than revenue, and a cost base the company now owns is a big part of why. The Trade Desk (TTD) shares fell 21.9% on the first trading day after its fiscal Q2 2026 report, while the S&P 500 returned 0.6% and ...
-
AMD’s Bigger Risk Sits In Its Revenue Mix, Not Its Multiple
Most of what AMD sells now comes from data center, and management puts the gross margin on the accelerator ramp driving that growth just below average. Advanced Micro Devices (AMD) trades at $469.56, up roughly 172% over the past twelve months ...
-
Visa’s Cheaper Multiple Rests On A Margin Assumption
The forward numbers make the stock look reasonable, but they assume profitability keeps climbing at a company currently spending to grow. Visa (V) stock has lagged the market for a year. It trades at $360.65, and returned about 9.5% over the tr...
-
Palantir’s Sovereign AI Boom Is Almost Entirely In America
The quarter that repriced the stock was made overwhelmingly at home, and the segment lines say so. Palantir Technologies (PLTR) stock gained 39.5% in the week after its second-quarter report, climbing from $125.65 to $175.23 while the S&P 5...
-
Iamgold Stock: 6 Straight Green Days, Up 30%
A multi-day run in Iamgold has investors looking closer at the fundamental story behind the stock’s recent momentum. A six-day run in Iamgold (IAG) has added about $2.5 billion to the company’s market value. The stock has now moved h...
