(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator.) They say bull markets peak on good news, but not today. OpenAI’s latest gargantuan commitment for computing capacity via AMD chips – one that will be largely financed through a 10% equity position in AMD that was granted to Open AI — again punished anyone who bet that the AI hype was fully priced in. The brute force of the $1 trillion-plus in infrastructure commitments over the next several years has been too much for the immediate skepticism about the unfunded promises and overlapping spender/vendor…
Author: usaeverydaylife
U.S. President Donald Trump and New York Attorney General Letitia James.Brian Snyder | David Dee Delgado | ReutersA top federal prosecutor in Virginia is resisting pressure from President Donald Trump to seek a criminal indictment of New York Attorney General Letitia James, a longtime antagonist of Trump, MSNBC reported Monday.The prosecutor, Elizabeth Yusi, works in the U.S. Attorney’s Office Eastern District of Virginia, which recently obtained an indictment of another target of Trump’s ire, former FBI Director James Comey.”Yusi, who oversees major criminal prosecutions in the Norfolk office of the Eastern District of Virginia, has confided to co-workers that she…
The AppLovin logo arranged on a smartphone in New York, US, on Wednesday, Feb. 26, 2025.Gabby Jones | Bloomberg | Getty ImagesAppLovin shares plummeted on Monday after Bloomberg reported that the SEC has been probing the mobile advertising company over its data-collection practices. The agency has been looking into whether the company violated agreements on pushing targeted ads to consumers, Bloomberg reported, citing people familiar with the matter. The report said that the SEC is responding to a whistleblower complained filed this year along with multiple short-seller reports, and added that neither the company nor its officials have been accused…
22V Research believes that the current macroeconomic backdrop is particularly favorable for growth-at-a-reasonable price stocks such as Nvidia . Stocks characterized within the growth-at-a-reasonable price strategy, or GARP, combine features of both growth and value stocks while avoiding the extremes of either practice. Specifically, GARP companies tend to have strong earnings growth but still have relatively reasonable valuations. In a Sunday note, 22V Research made the case that now is as good as time as any for investors to consider buying GARP stocks, which the firm says have already started to rebound. “The S & P GARP basket has gained…
Soldiers march during a military parade to commemorate the U.S. Army’s 250th Birthday in Washington, D.C., U.S., June 14, 2025. Nathan Howard | ReutersAs the government shutdown drags on with little hope of a quick resolution, a situation involving the U.S. military could push the warring factions in Washington to come to an agreement.No, soldiers won’t be called into duty to force Congress to get back to work.However, a looming paycheck scheduled in the middle of October for the 1.3 million active-duty members of the armed services might convince legislators and the White House that missing the date won’t be…
Utilities are the third-best performing S & P 500 sector this year, trailing only technology and communication services, which are more traditional outperformers in strong tapes. It appears utility stocks are benefitting from the AI trade, in an indirect manner, and they look more actionable from a technical perspective than many technology stocks. Sector heavyweight NextEra Energy (NEE) is breaking out from a multi-year triangle pattern in a bullish long-term development. The breakout is accompanied by a monthly MACD “buy” signal, indicating that momentum has shifted meaningfully. We find triangles to be high-probability formations, often because the breakout is not…
Zootopia 2, Wicked: For Good, and Avatar: Fire and Ash.Courtesy: Disney Enterprises, Inc. | Universal PicturesThe box office is about to heat up.After a sizzling summer of action-packed blockbuster fare, theatrical momentum stalled in the fall. But, the winter slate is poised to deliver a consistent spark of ticket sales, pushing the 2025 domestical haul above $9 billion and toward a post-pandemic high, according to the latest estimates.”The box office year-to-date domestically is running about 4% ahead of last year and, if we can expand on that lead, we could be looking at the biggest post-pandemic year for movies,” said…
Employees work on solar panels at the QCells solar energy manufacturing factory in Dalton, Georgia, March 2, 2023.Megan Varner | ReutersSeveral groups and nonprofit organizations filed a lawsuit Monday against the Environmental Protection Agency over the canceling of a $7 billion Solar for All program intended to make solar power accessible to more than 900,000 lower-income Americans.They say the Trump administration’s termination of the program was illegal and they want a federal judge to direct the EPA to reinstate it. The program is affiliated with another $20 billion in green funding also terminated under President Donald Trump that EPA Administrator Lee Zeldin had characterized…
Figma signage appears at the New York Stock Exchange in New York as the company prepares for its shares to begin trading on July 31, 2025.Michael Nagle | Bloomberg | Getty ImagesFigma shares jumped more than 15% on Monday after the design software vendor’s technology was promoted by OpenAI CEO Sam Altman in an onstage demo at his company’s annual DevDay conference in San Francisco.Altman discussed Figma’s integration into ChatGPT, which has over 800 million monthly users. He showed how third-party applications could plug in with OpenAI’s Apps SDK, or software-development framework.”When someone’s using ChatGPT, you’ll be able to find…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Today I want to talk about a phenomenon that most long-term market observers you speak with will ratify, even if it’s hard to prove with actual data or statistics. Talk to a real trader and make the following statement and they’ll nod their head: Good things happen to good charts. I want to tell you first what this statement doesn’t mean before any kneejerk contrarianism kicks in and you look to poke holes in it. What…
