To The Moon

Gold's rally should resume once Iran conflict ends. Investors could be facing a scenario of double 10Ks by the end of the decade - 10,000 for the S&P 500 and $10,000 for gold - if a forecast by Yardeni Research plays out."Our long-term bullish stance on gold rests on the idea that the S&P 500 could rally to 10,000 by the end of the decade. We expect that along the way, investors will rebalance into other assets, including gold," Ed Yardeni, founder and president of financial research group, told clients in a note on Thursday.While the S&P 500 SPX and gold prices tend to be inversely correlated on a cyclical basis, over time, they march in the same direction together, so when the index hits 10,000, gold should do the same, said Yardeni.The commodity fell sharply in March to around $4,375 an ounce and rebounded through mid-April as a cease-fire held. But gold seems to be testing that March low, its 200-day moving average of $4,407 an ounce and an intermediate upward trend line, followin

A furious rally has raised fears of a new bubble. If and when the party ends, five stocks will be left standing. They all remain undervalued.

The most dangerous words in investing are "This time it's different," warned celebrated fund manager John Templeton. But the market looks convinced that artificial intelligence really is set to break the cycle for chips and other hardware stocks.Look no further than Micron Technology. The memory-chip maker's share price surged 19% to close at a market valuation of more than $1 trillion on Tuesday. The trigger appeared to be a positive note from UBS arguing Micron's traditionally low price-to-earnings ratio, due to its tendency to go through boom-and-bust cycles, was now outdated as it locks in long-term deals.Strangely, despite its more than eightfold rise over the past year, Micron still looks cheap at less than 10 times forward earnings. If memory chips are really no longer cyclical, why shouldn't it trade in line with Nvidia's 22 times forward multiple, or even Advanced Micro Devices' 52 times?The discrepancy suggests Micron's memory chips are seen as a commodity, largely interchang

Wall Street spent May watching $Micron Technology Inc.(MU)$ rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.Below the headlines, a quieter...

Wall Street spent May watching $Micron Technology Inc.(MU)$ rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.Below the headlines, a quieter...

$SpaceX(SPCX)$ road show starts June 5, listing June 12. $EchoStar(SATS)$ at $124.20, $Rocket Lab USA, Inc.(RKLB)$ at $135.76 (+8.22%), $Alphabet(GOOG)$ at $379.38, $Tesla Motors(TSLA)$ at $426.01. Not everyone can get IPO allocation — but there's more than one way to own a piece of the SpaceX story. Option 1: Buy $SpaceX(SPCX)$ directly (most direct but high capital barrier) SpaceX's S-1 discloses that retail brokerage channels will receive

The United States and Iran have developed a memorandum-of-understanding framework that would extend the ceasefire by 60 days, allowing the two sides time to reach a “final deal” aimed at permanently...

Klarna Group plc (NYSE:KLAR) saw its stock price soar 5.02% during intraday trading on Wednesday, driven by two significant announcements that highlight the company's growth and innovation...

Bank of America's monthly report on global fund managers, one of the market's go-to assessments for outlooks on the world of finance, sometimes has a ring of closing the stable door after the horse...

Monday: $SanDisk Corp.(SNDK)$ -8%, $NEBIUS(NBIS)$ -11%, $Lumentum(LITE)$ -9.3%, $Corning(GLW)$ -8.1% — AI photonics and storage getting hit. $NVDA$ pulled back from the $235 high to $222.32, extending lower pre-market to $220.98. Three variables are hanging over the market simultaneously this week: the Sell in May narrative is playing out, a new Fed chair just took office, and NVDA reports tomorrow night. What is Monday's selloff telling us? May is structurally a high-pressure month — end-of-quarter repositioning, late earnings season, summer liquidity compression. The "Sell in May" narrative tends to self-fulfill. But in