Podcasts about Magnificent Seven

Daily Boost Podcast You're Part of a Rigged System July 23, 2026 | Episode 5504 Host: Scott Smith Episode Description Some days I'm all unicorns and rainbows — let's get out there and make it happen. I love living that way. But it's a short trip from there to grown-up motivation, and today I'm feeling a little feisty. This is personal growth for adults. It's looking at the world for exactly what it is, good and bad and all of it, then deciding to make the best of it. When you finally do that, it's amazing what you can pull off. I cut a little close to the bone today. Press play and let's get real. Featured Story My niece loves AI to death. But she hates data centers, and she's got every reason you'd expect. I'm right there with her — we like clean air, clean water, all of it. Then I asked her a question. You invest in index funds? Oh yeah, she said, we love those. Ever heard of the Magnificent Seven? Uncle Scott, I don't buy tech. I said yes you do. You own it right now. You're profiting off the very thing you hate. She went quiet. Well, I've got to take care of my family. That's cool, I told her. Just be honest about it. Important Points Look at your world for exactly what it is, the good and the bad, then decide to make the best of it and get going. Following your passion won't hand you the money by itself; you need a real, honest plan to earn from what you love. Nothing changes until you move from daydreaming into action, and typing into AI is daydreaming with moving fingers. Memorable Quotes This is grown-up motivation, and once you look at the world for exactly what it is, it's amazing what you can do. If I'll be just as good in ten years as I am today at something, then I don't want to be doing it in ten years. Nothing will happen until you move from daydreaming into action; typing into AI means your fingers are moving. Scott's Three-Step Approach Get honest about your world exactly as it is, stop dressing it up, and admit where you're already part of the game. Then clear real space in your life, for a couple of months, so the brain fog lifts and you can finally hear your calling. Now move that calling into a goal big enough to scare you a little, because that fear means you're on the right track. Chapters 0:35 - Just off an inner circle call and feeling feisty 1:06 - Grown-up motivation that cuts close to the bone 2:15 - My niece hates data centers but owns the tech 4:04 - The ten-year rule for who you want to become 5:12 - Follow your passion but plan for the money 6:02 - Turning daydreaming into action, and the AI trap 9:34 - Chasing a goal big enough to scare you a little Connect With Me Search for the Daily Boost on YouTube, Apple Podcasts, and Spotify Email: support@motivationtomove.com Main Website: https://motivationtomove.com YouTube: https://youtube.com/dailyboostpodcast Instagram: https://instagram.com/heyscottsmith Facebook Page: https://facebook.com/motivationtomove Facebook Group: [https://dailyboostpodcast.com/facebook](https://dailyboostpodcast.com/facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

With a major earnings season kicking off for the mega-cap tech names, an obscure volatility measure is pointing to a potential breakout — but the bar is sky-high and geopolitical headwinds are creating an unusually uncertain backdrop. How these earnings come in will likely determine whether the broader market can hold its current levels or breaks down.Today's Stocks & Topics: The Western Union Company (WU), Market Wrap, Danaher Corporation (DHR), Trump Imposes 50% Tariffs on Canadian, NIKE Inc. (NKE), Can the Magnificent Seven Earnings Hold the Market Up?, Cameco Corporation (CCJ), Cameco Corporation (CCJ)¸ Target Corporation (TGT), U.S. Oil.Our Sponsors:* Check out Chilipad and use my code INVEST for a great deal: https://sleep.me* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands

P.M. Edition for July 20. The Magnificent Seven have dominated the stock market for years. But now, as markets reporter Hannah Erin Lang discusses, there are signs that everyday investors are buying fewer shares of the megacap tech companies as they look to find the next big AI stock. Plus, a judge puts a temporary restraining order on the $81 billion merger of Paramount and Warner Bros. Discovery. And how much coffee should you drink for a healthy heart? A new scientific statement from the American Heart Association has the answer… and it may be more than you think. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Scott Becker ranks the Magnificent Seven stocks by year-to-date performance, highlighting Apple’s surprising lead, strong gains from Alphabet, NVIDIA, and Amazon, and steep declines for Microsoft, Tesla, and Meta.

The conflict between the U.S. and Iran is once again threatening the flow of oil through the Strait of Hormuz, raising new concerns about gas prices, diesel costs, and the risk of global supply shortages.Chuck Zodda and Mike Armstrong break down why the situation in the Middle East remains so difficult to resolve, how refinery shutdowns in Russia, China, and the Persian Gulf are tightening supplies of gasoline and diesel, and why the U.S. may have limited options short of a major escalation. They also discuss the quiet earnings week ahead, why Alphabet's AI spending and delayed Gemini rollout matter for investors, how Waymo could become a bigger part of Google's future, whether retail investors are really moving beyond the Magnificent Seven, and why the World Cup delivered a major boost for Boston bars and local economies.

Honderden miljarden dollars investeren in datacenters, taalmodellen of nieuwe AI-producten: het blijkt allemaal niet nodig om beleggers blij te krijgen. Meta, Alphabet, Amazon en Microsoft wisten niet hoeveel en hoe snel ze maar geld in hun producten moesten blijven pompen. Maar nu staat er één bedrijf ver boven hen. Apple vecht opeens weer om de titel van meest waardevolle beursbedrijf ter wereld. Een nek-aan-nek race met Nvidia. Wie wint 'm? En is dit het bewijs dat Apple het bij het rechte eind had en heeft? Dat hoor je in deze aflevering. Daarin hebben we het ook over nóg zo'n bedrijf dat volle bak in de investeringen is gevlogen. Meta bouwde als een gek datacenters om maar genoeg computerkracht voor hun modellen te hebben. En nu zitten ze met een overschot. De oplossing: het verhuren van die computerkracht. Ze zijn in onderhandeling met Anthropic om er 10 miljard dollar voor te krijgen. Verder hoor je over slechte cijfers van Ryanair. Laatst werd er nog bijna een passagier uit het raam gezogen, nu raken ze een paar beleggers definitief kwijt. Ondertussen loopt de topman van Boeing glimlachend over een beurs in het Verenigd Koninkrijk omdat hij de weg omhoog voor zijn bedrijf terug heeft gevonden. En we vertellen je over een persbureau, dat al over een beurswaarde van 1 biljoen dollar voor ASML droomt. Te gast: Arend Jan Kamp, van Stockwatch.nl en de podcast Het Beurscafé BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

The S&P 500 is up about 10.2% this year. That average is hiding one of the most lopsided markets in a decade: energy up 28%, communication services negative, and the Magnificent Seven — the stocks that carried the market for three years — collectively underwater.In this week's Money On Tap, Ben Brayshaw and Dan Michelon go beyond the index, sector by sector. They walk the 2026 scoreboard — energy +28.1%, technology +26.8%, industrials +16%, with a 30-point gap between the top and bottom sectors — and unpack the year's most important story: the broadening of the market, with 46.3% of S&P companies now beating the index itself, up from 30.5% last year. Then the mechanics most investors never see: why seven stocks absorb a third of every dollar in a standard S&P fund, why the SPY and QQQ share 8–9 of their top 10 holdings, and why your "diversified" ETFs may be the same bundle of stocks in different wrappers. They close with the Fed's looming rate decision — hike odds jumped from 26% to 73% in one month — and the five durable themes they're watching for the second half.What you'll learn:The 2026 sector scoreboard: all 11 sectors ranked, from energy's +28.1% to communication services' −3.1%The broadening of the index: why 46.3% of S&P companies are beating the index — a decade-plus firstWhy the Mag Seven flipped from engine to anchor (Microsoft down 20%+), and what the index looks like without themThe ETF overlap trap: cap weighting, 35–55% in the top 10, and wrappers around the same stocksWhat a Fed rate hike would do to sector leadership — winners and losers under both scenariosBuffett's warning: "a church with a casino attached," and why down doesn't mean cheapThe dials for outperforming: sector weighting, security selection, valuation discipline, income, cash, and tax managementTaking gains on purpose: the sequence-of-returns lesson in 2026's −4.3% Q1 and +15.2% Q2Five second-half themes: electrification, defense, nuclear renaissance, the aging population, and the infrastructure rebuildPlus Money In The News:73% odds of a Fed rate hike by September — up from 26% just a month earlier — and the two culprits behind itWarren Buffett: it's tough to find value "when everybody is preferring gambling"Blockbuster stock sales — SpaceX's record $75B IPO, Alphabet's $85B raise, SK Hynix ADRs — and whether $500B of new equity can overwhelm the bull marketRead the companion blog: https://www.brayshawfinancial.com/blogSchedule a free consultation: https://app.greminders.com/t/9f3ce72e/initialconsultaBrowse the full Money On Tap library: https://www.brayshawfinancial.com/money-on-tapContact UsPhone: 855-226-8551Email: info@yourmoneyontap.comOffice: 116 South River Road, Bedford, NH 03110Web: brayshawfinancial.comSecurities and advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. All other services offered through Brayshaw Financial Group, LLC are independent of Osaic Wealth, Inc. Index and sector performance figures are as of the air date and subject to change. Past performance is not a guarantee of future results.If the S&P 500 is up 10%, why isn't my portfolio?Because the S&P 500 is cap-weighted: seven stocks absorb about a third of every dollar, and the top 10 holdings make up 35–55% of most S&P funds. In 2026 those mega-caps lagged — the Mag Seven are collectively negative — while sectors like energy (+28.1%) and technology (+26.8%) led. If your ETFs overlap in the same top names, you own the laggards several times over. The fix starts with knowing what you actually own.

On episode 251 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and Sean Russo are joined by Jonathan Thomas, CEO of American Century Investments, to discuss: the remarkable rise of Avantis Investors, why active ETFs are gaining ground, what it takes to build investment products that can outperform without taking excessive risk, whether AI is creating an earnings bubble, why the market is broadening beyond the Magnificent Seven, and where the biggest long-term opportunities in AI may emerge. Plus, Jonathan shares the story behind American Century's ownership structure, which has directed billions of dollars toward cancer and genetic-disease research at the Stowers Institute for Medical Research—and takes us inside one of the most exclusive celebrity weddings imaginable. This episode is sponsored by Public and Vanguard. Visit https://public.com/compound to learn more. To learn more about Vanguard bonds, visit https://vanguard.com/audio Sign up for The Compound Newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Public Disclosure: Paid for by Public Investing. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Complete disclosures available at https://public.com/disclosures Learn more about your ad choices. Visit megaphone.fm/adchoices

The market is recalibrating after a powerful AI-driven rally. Ben Bajarin of Creative Strategies explains why semiconductor and hardware stocks are cooling off and whether the Magnificent Seven can continue to carry the market. Adam Crisafulli of Vital Knowledge makes the case that AI remains the defining investment theme despite the recent pullback. Ben Silverman of Propagate Content discusses the changing media landscape, Netflix's recent weakness and why live programming is becoming increasingly valuable. Our Eamon Javers reports on the close of the SEC's public comment period on proposed changes to quarterly reporting requirements. Jonathan Krinsky of BTIG explains why semiconductor charts have deteriorated while REITs are beginning to stand out on a technical basis. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Richard and Brian are back for this week's episode of Macro Aggressions. This episode breaks down the "Russian doll" problem sitting inside mega-cap tech earnings, why portfolio diversification may matter more now than it has in fifteen years, and what's happening beneath the surface of an S&P 500 that keeps hitting new highs.  Richard Taylor of Plan First Wealth and Brian Dunhill of Dunhill Financial unpack Burry's concerns around private company valuations (SpaceX, Anthropic, OpenAI) sitting inside public company earnings, changes to GPU depreciation accounting that are quietly inflating profits, and why small cap stocks, emerging markets, and international stocks are starting to outperform after over a decade of US large-cap dominance. This is practical stock market advice for anyone wondering if their portfolio is over-concentrated in seven companies and whether now is the moment to start rebalancing.  They also cover the diverging picture between the stock market and the real economy: sticky 4.2% inflation, weakening wage growth, and job losses under the current administration, set against a market still riding high on AI enthusiasm and a growing conversation around a potential market bubble.  The conversation turns geopolitical, covering Europe's active effort to decouple from American tech infrastructure, why universities across Europe are pushing to get off US servers, and what that could mean long term for US-Europe relations and international wealth strategies. Richard and Brian also dig into the UK's ongoing political instability, the lasting economic impact of Brexit, and whether a new Labour leadership shift could change the UK's trajectory.  Whether you're watching the Magnificent Seven dominate your portfolio, thinking about how UK politics and Brexit affect cross-border wealth, or just want a grounded read on where markets stand versus the economy, this episode covers the full picture, not just the headlines.  --  Expat Wealth is supported by Plan First Wealth. Plan First Wealth is a Registered Investment Advisor serving fellow expatriates and immigrants living across the US on matters such as retirement planning, investment management, tax planning and non-US asset management.  https://planfirstwealth.com/  -- Expat Wealth is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.    Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.   

AI spending is still powering parts of the market, but IBM's warning raises a bigger question about whether companies can keep funding the boom without cutting elsewhere.Chuck Zodda and Marc Fandetti break down why a flood of stock and bond issuance is testing investor appetite, how IBM's earnings warning highlights the pressure AI spending is putting on older software and consulting businesses, and why hyperscalers may eventually need to prove that AI can replace labor rather than simply assist workers. They also discuss ASML's stronger outlook, why the Magnificent Seven have struggled despite earnings growth, what to watch for if data center spending slows, and Todd Lutsky's explanation of what the Medicaid application process really requires.

Charles Schwab's Nate Peterson explains the bearish case for the memory market and why Micron's (MU) performance could shape the industry's outlook. He also discusses Apple's (AAPL) partnerships with AI research labs to examine how advances in AI model compression could affect future memory demand. David also shares his outlook for the Magnificent Seven and what these developments could mean for investors.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

US equity markets firmer as investors digested another round of second quarter corporate earnings releases and weaker-than-expected wholesale inflation figures – Dow added +150-points or +0.29%, with the four (4) members of the ‘Magnificent Seven' cohort of mega-capitalisation stocks that sit in the 30-stock index – Apple Inc (up +4.01%), Amazon.com Inc (+3.02%), Microsoft Corp (+2.78%) and Nvidia Corp (+0.33%) – all advancing. Cisco Systems Inc (down -4.54%) was the worst performing Dow component overnight.

US equity markets firmer as investors digested another round of second quarter corporate earnings releases and weaker-than-expected wholesale inflation figures  – Dow added +150-points or +0.29%, with the four (4) members of the ‘Magnificent Seven' cohort of mega-capitalisation stocks that sit in the 30-stock index – Apple Inc (up +4.01%), Amazon.com Inc (+3.02%), Microsoft Corp (+2.78%) and Nvidia Corp (+0.33%) – all advancing. Cisco Systems Inc (down -4.54%) was the worst performing Dow component overnight.The broader S&P500 rose +0.38%, with Communication Services rallying +2.78% to lead five of the eleven primary sectors higher. Google parent Alphabet Inc gained +3.17%. Utilities (down -0.98%) and Energy (-0.77%) sat at the foot of the primary sector leaderboard. PayPal Inc soared +17.20% to US$55.52 and paced gains in the S&P500 after Reuters reported that payments firm Stripe and private equity company Advent offered to buy the digital payments giant for US$53B or US$60.50 per share earlier this month.  

This week's Weekly Wrap examines whether weakening mega-cap leadership, massive AI capital spending, and record earnings expectations are creating hidden risks beneath the market.Jack Forehand and Matt Zeigler compare Jim Paulsen's correction case, Katie Stockton's technical analysis, Jeff Klingelhofer's fixed-income view of AI debt, and Matt Zenz's evidence-based analysis of corporate investment.They discuss why semiconductors have replaced the Magnificent Seven as the market's narrowest leadership group, why healthy breadth can coexist with fading momentum, how roughly $600 billion in AI CapEx is influencing U.S. economic growth, and why excellent earnings momentum does not eliminate correction risk.Main topics covered• Jim Paulsen's case for a 10% to 20% correction without a recession or long-term bear market• Why S&P 500 technology was already 10% below its June high• How broader market leadership could outperform mega-cap technology• Katie Stockton on weakening Magnificent Seven momentum and narrow semiconductor leadership• The difference between market breadth, participation, and leadership• How roughly $600 billion of AI CapEx from four companies is supporting economic growth• Why heavy AI-related debt issuance may create attractive opportunities in high-quality bonds• How fixed-income investors evaluate AI spending differently from equity investors• Matt Zenz on asset growth, corporate investment, and the factor evidence around future returns• Why current mega-cap AI spending may not be extreme relative to company size• Why strong earnings momentum and optimistic analyst estimates can still precede market troubleTimestamps00:00 Four perspectives on technology, AI spending, and market leadership05:00 Technology is already down 10% and Paulsen's long-term bull case09:21 Katie Stockton on Magnificent Seven weakness and semiconductor leadership15:36 Jeff Klingelhofer on $600 billion of AI CapEx and the bond market20:13 Why high-quality AI debt may offer attractive yields24:25 Why mega-cap AI spending may not be extreme by factor standards29:09 Earnings momentum, earnings bubbles, and why strong fundamentals can precede troubleLearn more about the Excess Returns podcast network:https://excessreturns.coNo information discussed in this podcast should be construed as investment advice. Securities discussed may be held by the hosts and guests, their firms, or their clients.

Jason Ware, Chief Investment Officer at Albion Financial Group, returns to break down one of the biggest shifts happening in the stock market today: the move away from the Magnificent Seven and toward AI infrastructure winners like Micron and other semiconductor companies. We discuss why memory stocks have become the hottest trade on Wall Street, whether hyperscalers are spending too much on AI, and what Microsoft's recent struggles really mean for investors. Jason also explains what he's watching heading into earnings season, why free cash flow matters more than ever, and how the new Federal Reserve under Kevin Warsh could shape markets in the second half of the year.

Sign up for our wealth management webinar. It's free! Register now to reserve your place. https://events.bloombergevents.com/event/website/a95c1380-56d6-4d12-89a1-950bdf99d55a/landingPage Anthropic, Stripe and OpenAI are some of the world's most sought-after private companies. Maggie Fanari explains to host Merryn Somerset Webb how her team invests in them and firms like them before they reach public markets. Fanari is chief executive of J.Rothschild Capital Management, which manages the 4.5 billion pound ($6 billion) RIT Capital Partners trust. She shares why she believes the next wave of artificial intelligence could create a $60 trillion opportunity, why private markets are becoming increasingly important and where she sees the biggest investment opportunities over the next decade.See omnystudio.com/listener for privacy information.

Jim Paulsen joins us to explain why weakening economic momentum, tightening financial conditions and extreme AI enthusiasm could set the stage for a 10% to 20% stock market correction. We discuss labor market weakness, the growing divide between technology and the broader economy, fading tech leadership, market complacency, bond yields and the demographic forces that could keep US growth and inflation lower for years.Jim also explains why he does not expect a recession or the end of the long-term bull market, but believes investors may need to reduce their concentration in AI and technology stocks as leadership quietly shifts toward the broader market.Jim Paulsen on Xhttps://x.com/jimwpaulsenPaulsen Perspectiveshttps://paulsenperspectives.substack.com/Main topics covered• Why Jim expects a 10% to 20% market correction without a recession• What zero job creation, declining full-time employment and rising unemployment reveal about the labor market• Why housing starts, real disposable income and GDP forecasts point to weaker economic growth• How higher Treasury yields, oil prices, a stronger dollar and slower money growth have tightened financial conditions• Why the economic damage from an oil shock often appears after oil prices peak• The widening earnings and economic divide between AI investment and the rest of the economy• What investor positioning, shrinking liquidity and low defensive exposure reveal about market complacency• Why strong earnings momentum does not eliminate the risk of a market decline• Evidence that technology, communication services and the Magnificent Seven are losing market leadership• Why old economy sectors may outperform technology during the next stage of the bull market• How weak labor force growth could push economic growth, inflation and Treasury yields lower• Why demographics, immigration and productivity will shape the long-term US economic outlookTimestamps00:00 Why Jim Paulsen expects a 10% to 20% market correction04:32 The labor market weakness investors may be overlooking08:42 Housing, disposable income and GDP growth are deteriorating13:03 How tighter financial conditions could slow the economy17:09 Why oil shocks and the yield curve threaten earnings growth21:41 Investor complacency and the disconnect between markets and Main Street25:54 How today's AI boom differs from the dot-com bubble30:20 Defensive stocks reach an extreme last seen near major market tops34:36 Record earnings expectations, momentum and extreme valuations39:00 Technology, communication services and the Magnificent Seven lose momentum43:00 The hidden market rotation from new era to old era stocks47:01 Why Jim expects Treasury yields to fall below 3%51:43 The demographic forces suppressing growth and inflation55:45 America's long-term growth challenge and what could change it

After years of dominance by the S&P 500 and the Magnificent Seven, investors are seeing renewed strength from small caps, international stocks, emerging markets, and value stocks.Paul Lane and Marc Fandetti break down why diversification is starting to matter again, how market leadership has shifted beyond the biggest U.S. tech names, and what 50 years of Dow Jones history shows about the difficulty of picking long-term winners. They also discuss SK Hynix's Wall Street debut, OpenAI's latest executive shakeup, concerns about U.S. AI models reaching Chinese tech companies, JPMorgan's AI-powered portfolio testing, SpaceX's quieter trading after its IPO, Paul LaMonica's take on National Beverage, and why Netflix may be moving closer to a cable-style streaming bundle.

In what may be our last quiz, ever, Tom turns the tables and puts Don in the hot seat with a Wall Street Journal high-school personal finance quiz—covering the Magnificent Seven, Roth IRAs, TIPS, efficient markets, yield curves, market risk, and dollar-cost averaging. Don does reasonably well, but not without protesting a dubious “debt avalanche” question and getting tangled up in a couple of accounting and risk terms. After the quiz-show nonsense, the guys tackle a listener question from Joseph in Pennsylvania: should your stock/bond allocation be based on a fixed percentage of your portfolio, or should it be driven by how many years of spending you want buffered in safer assets? Tom and Don explain why the answer depends on more than just income needs—it also depends on your emotional tolerance for volatility, your need for growth, and the role fixed income plays in helping you stay invested when markets get ugly.0:22 Tom becomes quizmaster and introduces the Wall Street Journal high-school personal finance quiz2:12 Question 1: Which stock is not part of the Magnificent Seven?3:47 Question 2: Which retirement account does not require withdrawals at a certain age?5:09 Question 3: TIPS, STRIPS, Series I bonds, and inflation-adjusted principal6:58 Question 4: Debt payoff strategies and the disputed “debt avalanche” answer9:13 Question 5: Efficient market hypothesis10:12 Question 6: What an inverted/downward-sloping yield curve says about future rates11:25 Question 7: Return on equity math and a heavily leveraged company12:56 Question 8: What it means when net present value equals zero14:44 Question 9: Why putting your emergency fund in stocks creates market risk16:52 Question 10: Unsystematic risk versus broad market risk18:57 Question 11: Dollar-cost averaging20:06 Tom and Don wrap up the quiz and revisit the “debt avalanche” controversy21:11 Listener question from Joseph in State College, Pennsylvania21:34 Should bond allocation be based on a fixed percentage or on years of spending?22:07 Risk tolerance vs. risk profile: why income needs are only part of the equation23:26 Why a 5-year spending buffer in safer assets can make sense in retirement24:13 The emotional role of bonds and fixed income during market declinesQuestions? Comments? Click!

It's Q&A Wednesday, and Lance Roberts examines whether the momentum-driven rally in semiconductors can continue, how the Iran cease-fire breakdown could affect markets, and what investors should watch ahead of the FOMC decision. We also answer your questions on the differences between the NASDAQ VIX and S&P VIX, whether government policies continue to support elevated real estate prices, investing in Canadian companies through IRAs, the implications of a yield curve un-inversion, portfolio rebalancing strategies, dollar-cost averaging, maintaining the right cash allocation, the rise of inverse ETFs tied to the Magnificent Seven, recent SEC rule changes, and the lawsuit challenging NASDAQ's handling of the proposed SpaceX listing. We also discuss technology versus semiconductor sector leadership and why electricity demand and long-term power contracts are becoming increasingly important investment themes. 0:00 INTRO 1:02 - FOMC Meeting Preview - Iran Cease Fire is Done 5:00 - Consolidation Range Continues; Momentum Trade in mostly Semi-conductors 6:58 - Risks from Iran Action 11:34 - Fight to the death & swats in school 14:11 - NASDAQ VIX vs S&P VIX 16:07 - How much of Real Estate prices are supported by Govt.? 17:04 - Canadian Companies in IRA's? 19:12 - Yield Curve inversion & un-inversions & Risk of Recession 26:13 - Mistakes with Cash in Investing (Cash = Opportunity) 29:17 - The Problem with Dollar Cost Averaging (DCA) 33:03 - Criteria for Rebalancing Portfolio 38:17 - Mag-7 Inverse ETF 39:42 - SEC Rule Changes 44:54 - The Cash Cushion Has Never Been Thinner 46:13 - Technology vs Semi-conductors as sectors 47:11 - Lawsuit against NASDAQ for fast-tracking Space-X 47:43 - Electricity Contracts Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/ua-paCoNRwo ------- Watch today's "Before the Bell" premarket commentary, "Momentum Cracks, But Markets Hold" https://youtu.be/nO2N4bdLifo ------- Watch our previous show, "Could You Spot a Ponzi Scam?" https://youtube.com/live/36xwcnfxPa0 ------- Articles mentioned in this report: "Margin Debt Risk: The Ratios That Mislead Investors," https://realinvestmentadvice.com/resources/blog/margin-debt-risk-the-ratios-that-mislead-investors/ "Wage Growth As A Leading Inflation Indicator" https://realinvestmentadvice.com/resources/blog/wage-growth-as-a-leading-inflation-indicator/ "Mag 7 Stocks: Risk Or Opportunity In The Making?" https://realinvestmentadvice.com/resources/blog/mag-7-stocks-risk-or-opportunity-in-the-making/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketOutlook #Investing #Semiconductors #BeforeTheBell #FederalReserve #RetirementPlanning #FinancialPlanning

It's Q&A Wednesday, and Lance Roberts examines whether the momentum-driven rally in semiconductors can continue, how the Iran cease-fire breakdown could affect markets, and what investors should watch ahead of the FOMC decision. We also answer your questions on the differences between the NASDAQ VIX and S&P VIX, whether government policies continue to support elevated real estate prices, investing in Canadian companies through IRAs, the implications of a yield curve un-inversion, portfolio rebalancing strategies, dollar-cost averaging, maintaining the right cash allocation, the rise of inverse ETFs tied to the Magnificent Seven, recent SEC rule changes, and the lawsuit challenging NASDAQ's handling of the proposed SpaceX listing. We also discuss technology versus semiconductor sector leadership and why electricity demand and long-term power contracts are becoming increasingly important investment themes. 0:00 INTRO 1:02 - FOMC Meeting Preview - Iran Cease Fire is Done 5:00 - Consolidation Range Continues; Momentum Trade in mostly Semi-conductors 6:58 - Risks from Iran Action 11:34 - Fight to the death & swats in school 14:11 - NASDAQ VIX vs S&P VIX 16:07 - How much of Real Estate prices are supported by Govt.? 17:04 - Canadian Companies in IRA's? 19:12 - Yield Curve inversion & un-inversions & Risk of Recession 26:13 - Mistakes with Cash in Investing (Cash = Opportunity) 29:17 - The Problem with Dollar Cost Averaging (DCA) 33:03 - Criteria for Rebalancing Portfolio 38:17 - Mag-7 Inverse ETF 39:42 - SEC Rule Changes 44:54 - The Cash Cushion Has Never Been Thinner 46:13 - Technology vs Semi-conductors as sectors 47:11 - Lawsuit against NASDAQ for fast-tracking Space-X 47:43 - Electricity Contracts Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/ua-paCoNRwo ------- Watch today's "Before the Bell" premarket commentary, "Momentum Cracks, But Markets Hold" https://youtu.be/nO2N4bdLifo ------- Watch our previous show, "Could You Spot a Ponzi Scam?" https://youtube.com/live/36xwcnfxPa0 ------- Articles mentioned in this report: "Margin Debt Risk: The Ratios That Mislead Investors," https://realinvestmentadvice.com/resources/blog/margin-debt-risk-the-ratios-that-mislead-investors/ "Wage Growth As A Leading Inflation Indicator" https://realinvestmentadvice.com/resources/blog/wage-growth-as-a-leading-inflation-indicator/ "Mag 7 Stocks: Risk Or Opportunity In The Making?" https://realinvestmentadvice.com/resources/blog/mag-7-stocks-risk-or-opportunity-in-the-making/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketOutlook #Investing #Semiconductors #BeforeTheBell #FederalReserve #RetirementPlanning #FinancialPlanning

On this episode of Simply Money presented by Allworth Financial, Bob and Brian break down why the "Magnificent Seven" may no longer be the biggest winners in the AI boom, what SpaceX joining the Nasdaq 100 could mean for investors, and Jersey Mike's plans to go public. They also discuss how to filter out financial noise, review common life and disability insurance gaps for high-income professionals, answer listener questions on Roth conversions, helping adult children buy a home, and investing an inheritance, and wrap up with timeless money lessons from America's Founding Fathers.See omnystudio.com/listener for privacy information.

The Magnificent Seven powered much of the market's gains over the last several years, but this year's rally is being driven by a broader group of companies tied to the AI infrastructure boom.Paul Lane and Marc Fandetti break down why the biggest tech stocks have lost some of their market leadership, how companies like Micron and other chip suppliers are now carrying more of the AI trade, and why investors are watching to see whether major tech firms will keep spending aggressively on data centers and computing power. They also discuss rising inflation expectations, why Kevin Warsh's credibility matters for the Federal Reserve, how elevated valuations could leave markets vulnerable, what the K-shaped economy says about consumer spending, and why robotaxis still face a difficult path to broader adoption.

Get 30 Days of Merlin free at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MerlinCrypto.Com⁠⁠⁠⁠⁠⁠⁠⁠⁠ In this explosive episode of Markets Radar, I uncover the massive tectonic shifts happening beneath the surface of the global economy! Is the AI trade completely falling apart? I break down the historic tech sector rotation as investors flee the Magnificent Seven and pour billions into memory chipmakers.Then, I dive into the private markets, where buyout firms are facing a devastating nine-year backlog of unsold portfolio companies. I explain the looming "SaaS-Pocalypse," where AI anxiety and rising debt have slashed software valuations and trapped roughly 13,500 U.S. companies in private-equity purgatory.Finally, as geopolitical tensions boil over, I reveal the blueprint for a controversial new "World Bank for Defense". Discover why allied nations are banding together to create the Defense, Security and Resilience Bank (DSRB) to finance a once-in-a-generation global arms buildup. In This Episode: The Great Chip Correction & AI Reality Check: Why Wall Street's best-performing corner just took a beating. Market Rotation & The Earnings Catalyst: Where the smart money is rotating ahead of big bank earnings. The Mag 7 Loses Its Swagger: The historic capital flight from AI hyperscalers to memory chipmakers. The Private Equity "SaaS-Pocalypse": Why buyout firms are hesitant to sell their 2021 tech assets and how the IPO market might be their only lifeline. A "World Bank" for Defense: How a new financial system is turning political commitments into weapons factories, making finance the newest weapon in global deterrence. Enjoy! Join the Age of Radio Discord | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://discord.gg/EeamD8WcjN⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Follow me on Goodpods ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://goodpods.app.link/usUyBZzhuNb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Free Financial Consultation: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://forms.gle/B6nNZ2FbxbhESCHg9⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Red Wizard Gaming Society: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://discord.gg/9D43EszdUB⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   DM if you are interested in Life Insurance! If you or someone you know has been struggling or in crisis please call or text 988 or chat ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠988lifeline.org⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  

This week, Phil discusses the spillover effects of AI on market performance beyond the Magnificent Seven, along with the World Cup and the celebration of America's 250th anniversary.

As the United States marks 250 years of independence, investors are asking whether its markets can continue to deliver long-term outperformance in the face of elevated valuations and global competition. What are America's enduring structural advantages, and could we be entering a new investment era?In this episode of The View Beyond, Bernadette Anderko is joined by Mark Matthews, Head of Research Asia at Julius Baer, to discuss the investability of the US market as it celebrates a major milestone. Together, they examine the historical drivers of US market leadership, from industrialisation to the current wave of artificial intelligence, and consider whether the region's capitalist foundations and deep capital markets remain intact. The conversation covers the implications of high valuation multiples, the role of innovation cycles, the impact of market concentration, and the risks posed by political and economic shifts. Mark also shares his perspective on what could signal a regime change, and how investors should think about their US exposure in the context of global opportunities.(00:00) - Introduction (02:01) - US structural advantages: Resources, population, and capitalism (05:17) - Historical cycles: How US leadership translated into market outperformance (06:30) - Innovation today: Artificial intelligence and the speed of change (07:23) - Valuations and earnings: Are US equities too expensive? (08:22) - Market concentration: The Magnificent Seven and broader performance (09:15) - Could US market leadership be ending? Comparing global markets (11:23) - Key risks: Economic inequality and political shifts (13:11) - Are we in a new investment era? Technology, IPOs, and market sentiment (14:01) - What would signal a regime shift? The role of the dollar and interest rates (14:45) - Investment approach: Staying invested for the long term (15:10) - Can US structural advantages support continued outperformance? (17:03) - Closing remarks and legal reminder Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify, or wherever you get your podcasts.

Daniel Santiago from State Street Global Advisors joins Michael A. Gayed, CFA to unpack sector ETF investing in 2026 — the original SPDR product line, now the largest and most liquid sector suite on the market. We get into the Magnificent Seven concentration problem in the S&P 500, how State Street's GICS-based classification actually works (including why SpaceX classifies as communication services), sector dispersion versus style/factor dispersion, and how to think about sector rotation given where we are in the economic cycle.For allocators, advisors, and anyone building portfolios who wants a cleaner framework for reading the tape sector by sector.Guest: Daniel Santiago, Sector ETF Specialist, State Street Global Advisors (SPDR)Host: Michael A. Gayed, CFA — Publisher, The Lead-Lag ReportWatch on YouTube: https://www.youtube.com/watch?v=alSfJtl1xCIMore: https://leadlagreport.com Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

We're halfway through the year and the markets are thriving but look different than they did six months ago. The Magnificent Seven are struggling, while chip makers are soaring. Inflation is up but wages are stalling. Today on the show, Katie Martin and Rob Armstrong try to figure out where we are and where we're going. Also they go short the anchovy market and long dogs. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Steven Dover, chief market strategist at Franklin Templeton, says there is still more upside to the market, based on earnings growth, noting that the economy and stock market have been resilient due to the "phenomenal" profits companies have been generating. Dover notes that the market is fully valued, but not expensive; "We think earnings this next year could be [up] 15 to 20 percent, so the market could follow that without being more expensive." Dover, who is also the head of the Franklin Templeton Institute, notes that the earnings growth has been greatest among small caps, which is why he is leaning in that direction, and he advocates for fixed income as ballast for portfolios now; ;he had previously lightened up on the Magnificent Seven and other market leaders, and he says that the market has relaxed on those stocks, which may create targeted buying opportunities. Kevin Dreyer, co-chief investment officer for value at Gabelli Asset Management — part of the team running Gabelli Equity Trust and other closed-end funds — discusses how he is finding value looking for names that are "differentiated and not highly correlated" to the stocks that have been leading the market's return to record levels. Specifically, Dreyer says he is looking for businesses that are "A.I. resilient" and able to withstand and/or benefit from the development of artificial intelligence. One area he cited as particularly attractive is sports and entertainment, because " You can't have an algorithm or chatbot replicate the New York Knicks … but you and I can go out and buy MSGS, which owns the Knicks."  Plus, Todd Rosenbluth, head of research at VettaFi, turns to a trending part of the market and makes an actively managed Fidelity small- and mid-cap fund his pick for "ETF of the Week."

In this episode of Signal vs. Noise, Savita Subramanian, Head of U.S. Equity & Quantitative Strategy, reviews a surprising first half of 2026 and explains why she believes investors should look beyond the Magnificent Seven. With earnings growth exceeding expectations, inflation reaccelerating, and Fed rate hikes back on the table, Savita argues that the next winners could be large-cap value and manufacturing beneficiaries, including energy, materials, industrials, financials, and real estate.   She breaks down why AI-driven megacaps may be facing higher hurdles, how a manufacturing and capex boom is reshaping earnings leadership, and why stock selection could matter more than ever in the second half of the year.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.  

Vi tager en status på første halvdel af aktieåret, hvor det er gået aldeles glimrende. De europæiske og de amerikanske techaktier er steget solidt: De europæiske Stoxx600 er oppe 7-8 procent, og Nasdaq steget knap 13 procent. To af de store temaer fra de senere år, Magnificent Seven og forsvarsaktier, har derimod haft det svært. Vi siger, som vi altid siger på podcasten: Hold fast i aktier og køb brede indeks. Også i år har den beslutning været god, selvom der har været masser af uro i verden. I Danmark ligger bankaktierne i toppen med solide afkast i det første seks måneder, men kan det forsætte? Vi diskuterer også helt friske væksttal for Danmark, hvor vores økonomi vokser markant hurtigere end resten af Europa. Den seneste opjustering fra Danmarks Statistik gjorde faktisk Danmark knap 55 milliarder kroner rigere. Tillykke med det! Hvor kommer væksten fra og kan opturen blive ved? Svaret er ja. I studiet: Magnus Barsøe og Mikael Milhøj. See omnystudio.com/listener for privacy information.

America is in the middle of something extraordinary, and most people are not paying attention. Since 2021, Americans have filed more than 20 million new business applications. In 2024 alone, the U.S. averaged roughly 430,000 new business applications per month, which is approximately 50% above pre-pandemic levels. This is not opinion. This is data, and it points to one of the most powerful entrepreneurial movements in modern history. The rise of AI has supercharged this momentum, giving individuals the kind of leverage that once required entire departments, massive budgets, and large technical teams. A new class of economic person has emerged, the creator capitalist, someone who turns expertise, judgment, and intellectual capital into scalable value. And nowhere on earth is this happening faster or more powerfully than in America. You're listening to Christopher Lochhead: Follow Your Different. We are the real dialogue podcast for people with a different mind. So get your mind in a different place, and hey ho, let's go.   America’s Culture of Building Is Its Greatest Asset America became the dominant economic power because generation after generation of people who grew up here or came here believed they could create a different future. From Ford and Disney to Apple, Amazon, Nvidia, and OpenAI, this country has repeatedly produced environments where entrepreneurs become category kings. The entire Magnificent Seven are American companies, and the next wave of defining businesses are American too. The United States currently has over 600 unicorn companies, defined as businesses worth one billion dollars or more. Europe, which has a larger population, has roughly 130 to 140. That is not a small difference. That is a civilization-level gap, and it is a direct result of America’s cultural commitment to honoring the people who build things.   The Divergence Between America and the Rest of the Western World While America accelerates, much of the Western world is moving in the opposite direction. Canada has seen business formation growth slow to almost nothing. The United Kingdom saw company starts decline 10% year over year. Germany continues to struggle with startup velocity relative to its economic size. Across too many countries, there is a growing cultural hostility toward success, where entrepreneurs are treated as suspects rather than builders of the future. This matters deeply because entrepreneurship is not merely economic. It is emotional, cultural, and civilizational. Every new company started is a radical act of optimism. Societies that respect ambition attract ambitious people. Societies that punish risk-taking and vilify wealth creation are essentially opting out of the future, whether they realize it or not. The divergence between America and these economies is not subtle. It is stark and it is accelerating.   Why Experienced Professionals Are the Biggest Winners of This Moment Most people assume the biggest winners of the AI era will be 22-year-olds in hoodies. The reality is far more interesting. The average age of a startup founder is in the mid to late 40s. The people with 20 or more years of accumulated experience, pattern recognition, relationships, and hard-won judgment are uniquely positioned to thrive right now. AI is exceptional at commoditizing existing knowledge, but it cannot replicate the intellectual capital that comes from broken bones and lived experience. AI is collapsing the barriers that once kept experienced executives locked inside large organizations. Previously, you needed big teams, expensive infrastructure, and massive capital. Today, those barriers are disappearing. What remains is what experienced professionals already have, their four capitals: intellectual capital, relationship capital, reputation capital, and financial capital. America is not just creating new startups. It is creating a new generation of people who believe they can design entirely different futures for themselves, their customers, their communities, and yes, sometimes even the world. To hear more from Christopher Lochhead and his thoughts about America in its 250th year of Independence, download and listen to this episode.   We hope you enjoyed this episode of Christopher Lochhead: Follow Your Different™! Christopher loves hearing from his listeners. Feel free to email him, connect on Facebook, X (formerly Twitter), LinkedIn, and subscribe on Apple Podcast / Spotify!

Happy 250th! The bulls are bubbling up! Yentervention – it is a thing. Labor market predictions. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - 250 Years! - We have the scorecard - Bulls are on the loose! - Kevin Hassett - what a putz - RAM JOB! Markets - Google's first day in the DJIA - a good one - SpaceX bonds already losing -Yen slips to 1986 levels - Yentervention? WHAT A PUTZ! - Trump Accounts launch July 4, with the NYSE and Nasdaq set to ring the opening bell from the Oval Office. - Program gives a $1,000 Treasury-funded investment account to U.S. children born from January 1, 2025 through December 31, 2028. - Kids under 18 can have accounts, but only newborns in that four-year window get the federal seed money. - Parents, family, employers, nonprofits, and governments can add money, with a general $5,000 annual contribution cap. - Money is invested in index funds and generally locked up until the child reaches adulthood. - Kevin Hassett pitched it as a way to teach kids about markets, ownership, saving, and compounding. His argument is that the more young people get exposed to investing early, and market ownership becomes less of an upper-income club. - However - > the government is handing out taxpayer-funded brokerage seed money while selling it as capitalism. - Also odd: the benefit may skew toward families who already know how to file forms, open accounts, and add more money. - So basically it is a forced financial-literacy experiment wrapped in a political brand name, with a socialist starter check to teach capitalism. First-Half Winners and Losers - S&P 500 finished the first half up roughly 7% to 8%, with the rally led by AI hardware, chips, memory, and data-center infrastructure. - Biggest winners were the shovel sellers: Sandisk up about 780%, Micron up about 296%, Western Digital up about 240%, Seagate up about 226%. - Overseas AI hardware ripped too: South Korea's Kospi up 123%, helped by Samsung up 169% and SK Hynix up 303%. - Semiconductor ETFs had a monster Q2: iShares Semiconductor ETF up 86.8%, VanEck Semiconductor ETF up 64.8%. - Japan's Nikkei rose about 38%; FTSE 100 gained about 5.8%. - Losers were the software/platform names that could not prove immediate AI payoff. - Microsoft was down about 24% despite being one of the biggest AI spenders. - Momentum stocks had one of their worst stretches in two decades as the Magnificent Seven slipped on capex worries. - Crypto and gold also lagged the AI-infrastructure trade. - Equity BULLS are running like it was San Fermin, Spain... MORE.... - Gold biggest quarterly loss since 2013 - Japan best quarter ever - Oil starts and ends - Kospi best quarter in 30 years - Stoxx 600 best Q in 5 years Something is going to break! - When Micro announced earnings, and we see that companies are panicking (News about existential threat to smaller tech players).. We said something is going to break - MU shares lifted to ATH on the news - big big beat - Micron's latest quarter showed a dramatic acceleration from the year-ago period, with revenue rising from $9,301 to $41,460 and EPS increasing from $1.91 to $25.11. - HUGE uptick in guidance - Apple increased pricing, Dell is increasing prices next week (17%), Microsoft raised price on XBox, HP across the board increase, Lenovo/Xiaomi increases, - NOW: Apple is lobbying the Trump administration for clearance to buy memory chips from China's ChangXin Memory Technologies Korea Goes All-In On AI Memory - Samsung and SK Hynix are backing a huge South Korea chip buildout tied to AI memory, HBM, advanced DRAM, packaging and data centers. - Samsung's plan includes hundreds of trillions of won for new fabs, including HBM facilities in Cheonan and Onyang. - SK Hynix is expanding Yongin and planning a major new chip base as it rides demand from Nvidia-linked HBM supply. - Government angle: Seoul wants domestic chip capacity treated like national infrastructure, not just corporate capex. - The state is trying to lock in supply-chain control before China, Taiwan, Japan and the U.S. pull more production into their own subsidy zones. - Market wrinkle: AI memory is hot now, but memory companies have a long history of overbuilding into strong pricing cycles. - Governments are no longer just subsidizing chips — they are helping plan semiconductor cities. RAM Job? - Samsung, SK hynix, and Micron were hit with a U.S. antitrust class-action lawsuit over alleged DRAM price fixing. - Allegation: the big three coordinated supply cuts while shifting capacity away from regular DDR3/DDR4 memory and into high-bandwidth memory for AI servers. - Plaintiffs say the three companies control roughly 90% of the DRAM market. - Conventional DRAM prices allegedly jumped about 700% over four years. - Complaint argues that in a normal commodity market, at least one supplier would usually increase production when prices spike. - Instead, the lawsuit says all three moved in the same direction at the same time. DRAM: We Have Seen This Movie Before - Yes, there was a similar DRAM price-fixing scandal in the 2000s. - DOJ investigation covered alleged DRAM price fixing from roughly 1998 through 2002. - Hynix pleaded guilty in 2005 and agreed to pay a $185 million criminal fine. - Samsung pleaded guilty in 2005 and agreed to pay a $300 million criminal fine. - Infineon pleaded guilty earlier, in 2004, and agreed to pay a $160 million fine. - Micron was involved in the investigation but received amnesty/cooperation treatment rather than the same criminal fine path. - Several executives were also charged or pleaded guilty. - State AGs and private plaintiffs later pursued civil cases tied to overpayment claims. - Difference now: the new case is not yet proven and appears focused on alleged coordinated supply restriction during the AI/HBM boom. Chevron and Microsoft - Chevron Corp signed 20-year deal with Microsoft for data center power. - Agreement supplies natural-gas fired generation for massive West Texas facility. - Project Kilby expected online 2028, ramping to 2.67 gigawatts. - Full output enough to power more than 530,000 Texas homes. - Chevron partnering Engine No. 1, final investment decision planned later. - Deal follows prior reports of exclusive long-term power negotiations. More Oil News - Drill baby Drill - Interior Department cutting federal drilling bonds by 95% to spur exploration. - Required bond drops from $500,000 to $25,000 for leases. - Bonds ensure cleanup costs don't fall on taxpayers if wells abandoned. - Policy change aims to encourage more oil and gas development. - Proposal subject to 60-day public comment after Federal Register publication. Dow 52,000 and the Tech Bounce - Dow closed above 52,000 for the first time Monday, finishing at 52,182.74. - S&P 500 gained 1.18%; Nasdaq jumped 2.07%. - S&P and Nasdaq snapped five-session losing streaks. - Alphabet rose 4.8% on its first day as a Dow component. - Tesla gained 8.5%; SpaceX rose more than 7%. - The bounce came after last week's tech selloff, with investors rotating back into mega-cap and AI names. Comcast Breaks Itself Up - Comcast plans to split media and connectivity into two separate companies. - NBCUniversal and Sky would be spun off in a tax-free deal; Comcast keeps broadband, wireless, and cable. - Completion expected within a year. - Shareholders would own both Comcast and the new NBCUniversal. - Comcast shares rose on the news; Charter also jumped as investors speculated Comcast could eventually pursue a broadband-scale deal. AI Trade Gets a Warning Label - Bank for International Settlements flagged the AI boom as a financial-stability risk. - The main concerns: elevated valuations, investor complacency, complex funding structures, and debt financing across the AI supply chain. - BIS also warned that record public debt and leveraged hedge-fund activity in sovereign bonds could amplify shocks. - Quote from BIS General Manager Pablo Hernandez de Cos: "Policy actions must reinforce each other." - The interesting part: central bankers are not saying AI is fake; they are saying the financing stack may be fragile. Inflation Back Above 4% - BEA's PCE price index rose 4.1% year over year in May. - April was 3.8%; March was 3.5%; February was 2.9%. - This keeps pressure on the Fed because PCE is the Fed's preferred inflation gauge. - Core PCE may later be revised lower because of BEA methodology changes. - Goldman estimated May core PCE could be trimmed to 3.2% from 3.4%; JPMorgan expected 3.3%. - Funny-but-real detail: part of the potential revision comes from how BEA prices portfolio management, legal services, and computer software. Jobs Report Becomes Bad-News-Is-Bad-News - June payrolls are due Thursday because markets are closed Friday for Independence Day. - The setup is awkward: strong jobs could mean stronger economy, but also higher odds of Fed hikes. - Looking back - May payrolls were hot at 172,000 versus an 85,000 forecast, with unemployment steady at 4.3%. - Remember - after the June Fed meeting, policymakers were clearly focused on inflation, not rescue cuts. Oil, Iran, and the Market's New Weird Routine - Oil stayed volatile around renewed U.S.-Iran tensions and peace-talk headlines. - Brent rose 1.6% Monday to $73.15; WTI rose 2.2% to $70.75. - Markets rallied anyway, helped by signs talks would resume and shipping routes were stabilizing. - The odd market behavior: geopolitical escalation keeps getting followed by de-escalation headlines and risk-on rallies. - This is now part of the trading pattern: weekend war scare, Monday relief rally, repeat. --- New attacks by USA on Iran happened at approx 4:30PM on Friday (markets closed) and then a halt to the fighting on Sunday - before the futures opened. Odd : Wendy's Becomes a Meme Stock - Wendy's became the latest retail-trader short-squeeze target. - Stock surged 25% last Wednesday, then gained another 9% Thursday. - Barron's said the move followed a CFO shakeup and WallStreetBets attention. - New CFO Steve Cirulis came from Potbelly and is also taking the Chief Strategy Officer title. - Wendy's had fallen 47% over the past year before the rally. - Short interest was nearly 30% of the public float, making the stock easier to squeeze. - Trian, Nelson Peltz's firm, owned nearly 15 million shares valued around $93 million. SpaceX Bonds Slip After Big Debut - SpaceX sold $25 billion of investment-grade bonds, its first major public debt deal. - Demand was huge, with roughly $85 billion to $98 billion of orders. - The 10-year tranche priced about 1.4 percentage points over Treasurys. - Bonds weakened quickly after pricing. - The 10-year yield rose near 6%, with the spread moving above 1.6 percentage points. - Longer-dated 2046 and 2056 bonds took the most pressure. - The pushback: bond buyers want more yield for a company still funding rockets, Starlink, AI/data-center spending, and Mars ambitions. - Clean read: equity investors bought the story; bond investors immediately marked it down. Yentervention - Yen weakened again, pushing toward the 162-per-dollar zone and near its weakest level in about 40 years. - Japan keeps warning it is ready for "decisive action" or to respond "at any time." - Market does not seem scared for long. - Japan already spent heavily defending the yen, including a roughly $73 billion yen-buying operation after the currency broke past 160. - U.S. rates are still high, the Fed is not rushing to cut, and the Bank of Japan is still moving slowly. - That keeps the carry trade alive: borrow cheap yen, buy higher-yielding dollars. - Japan's foreign reserves fell 5.6% in May after intervention, showing the defense is expensive.   Love the Show? Then how about a Donation? PayPal.Donation.Button({ env: 'production', hosted_button_id: 'JJJHP2GDEJC7J', image: { src: 'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt: 'Donate with PayPal button', title: 'PayPal - The safer, easier way to pay online!' } }).render('#donate-button-2'); THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Great companies do not always make great investmentsWith AI stocks grabbing headlines lately, Colin and Greg ask the question a lot of investors skip: what are you actually paying for that future growth?In this episode of The Free Lunch Podcast, they talk through market concentration, the Magnificent Seven, and why a diversified portfolio usually beats chasing the next big theme, whether that's AI today or dot coms back in 2000.

De S&P 500 staat op 17 procent winst sinds april. De Nasdaq en Dow Jones hebben hun beste eerste jaarhelft sinds 2021 achter de rug. En beurzen in Taiwan en Zuid-Korea breken records uit de jaren '90. Het tweede kwartaal was er een voor in de geschiedenisboeken, als je naar de cijfers kijkt. Maar zijn de verwachtingen daarmee ook té hoog opgelopen? Dat zoeken we deze aflevering uit. Verder vieren we het einde van een tijdperk. We knopen een strik om de handelsoorlog tussen de VS en de EU. De EU sluit af met een verlaging van importheffingen op Amerikaanse goederen en zelfs geen importheffingen op kreeften. Je hoort waarom dat nou juist nog belangrijk is. Je komt ook te weten of het goed of slecht nieuws is dat de Franse inflatie als verrassing flink is gedaald. De energieprijzen zakten en trokken zo de uitgaven van consumenten met zich mee. Een meevaller zou je zeggen, maar het werpt ook de vraag op of de ECB de rente niet te snel weer heeft verhoogd. Tot slot hebben we het nog over Fed-bestuurder Lisa Cook. Die mag gewoon haar werk blijven doen. En over een inval bij Super Micro Computer, de hoofdverdachte in de smokkel van Nvidia-chips naar China. Te gast: Mike Mulders van ING Investment Office BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

Canadian carbon removal startup Deep Sky has delivered North America's first direct air capture carbon credits, a small but important milestone for a technology that companies and governments are increasingly betting on to offset emissions from AI, energy, and industrial projects. Plus, the Magnificent Seven stocks are losing steam as investors start questioning whether Big Tech's massive AI spending spree will actually translate into profits.And in The Big Picture: Ottawa is relaunching a home retrofit program, Comcast is spinning off NBCUniversal and Sky into a new public company, and TIDAL is cracking down on AI-generated music by cutting off monetization.The Peak Daily is produced in partnership with reframevid.com

Welcome to Top of Mind with Consilio Wealth! Chris Kaminski and Hao Dang break down the latest market trends, from SpaceX's post-IPO performance to the explosive rally in AI-driven memory stocks like Micron Technology. They also discuss the rotation away from the Magnificent Seven, the rise of affordable EVs, and the challenges the Fed faces as inflation remains sticky.We discuss:➡️ SpaceX's IPO performance and what comes next➡️ The massive rally in memory chip stocks led by Micron Technology➡️ Why the Magnificent Seven is lagging despite strong markets➡️ Affordable EV disruption and the future of car pricing➡️ Inflation, interest rates, and the Fed's ongoing dilemmaTo learn more about us or stay in the loop, visit www.consiliowealth.comDo you work at Microsoft, Amazon, Meta, or Google? Check out our free benefits guidesSubmit a question to team@consiliowealth.comwww.consiliowealth.com/disclosures 

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
 On this episode of Dentist Money's Two Cents, Matt and Rabih discuss where money is being made in 2026, why market leadership is shifting beyond the Magnificent Seven, and what current trends in stocks, bonds, commodities, and currencies may be signaling about the economy. They also discuss how the S&P 500 has evolved over time, why today's biggest companies look very different than before, and what these changes mean for investors.  Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

We're kicking off Season 7! This week we cover Bayer's (BAYN.DE, BAYRY) Supreme Court win in the Roundup case and the reopened Strait of Hormuz, then break down five bank dividend increases: Morgan Stanley (MS) +15%, Citigroup (C) +11.6%, Goldman Sachs (GS) +11.1%, Wells Fargo (WFC) +11.1% and JPMorgan Chase (JPM) +10%. Our main topic: the dividend growth investing mindset in "the boring middle" — staying motivated through years of slow compounding, why higher-yield names like Intel (INTC) and HP (HPQ) start looking tempting, and why we still buy growers like Accenture (ACN) and PepsiCo (PEP) even though the Magnificent Seven could have beaten our returns. Plus listener questions on diversification, rebalancing, the LDEG Europe dividend ETF, WACC/ROIC, cash-secured puts and more. ⁠Join us :Discord group - ⁠⁠⁠⁠⁠⁠https://discord.gg/nJyt9KWAB5⁠⁠⁠⁠⁠⁠Follow us: Twitter - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@DividendTalk_⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@European_DGI⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Become a Premium Member for just 129 Euros a year: ⁠⁠⁠⁠⁠https://dividendtalk.eu⁠⁠⁠⁠⁠Disclaimer: Educational content only. Not financial advice.

Supergirl Premiere, The Magnificent Seven Casting, The Last of Us Season 3 Casting, Werewolf Series Adaptation. Hosted on Acast. See acast.com/privacy for more information.

Want the New iPhone 18 This September? Be Prepared to Pay More…. A Lot More The iPhone 18 is expected to be released in just a few months, and if current estimates are accurate, consumers could be facing some serious sticker shock. One of the biggest reasons is the ongoing battle for semiconductor components. The rapid buildout of AI data centers has created enormous demand for memory chips, and data center operators are willing to pay almost any price to secure supply. That is creating challenges for companies like Apple, which rely heavily on DRAM (dynamic random-access memory) and NAND flash storage.   According to industry estimates, the cost of 12GB of DRAM used in the iPhone 17 was about $39. For the iPhone 18 Pro, that figure could rise to approximately $145. NAND flash storage costs are also expected to surge. The 256GB of flash storage that cost Apple around $13 in the iPhone 17 is projected to cost roughly $51 in the iPhone 18, an increase of nearly 300%.   Apple may also introduce a redesigned camera system that could cost about 50% more than the cameras used in previous models, adding even more pressure to manufacturing costs.   Apple currently earns an estimated gross margin of roughly 44% on the iPhone 17. If the company attempts to maintain those margins while absorbing these higher component costs, the price of a high-end iPhone 18 could climb to around $1,300 or more.   The big questions are: Will Apple absorb some of these higher costs and accept lower profit margins? Or will consumers decide that the latest upgrade isn't worth the higher price and keep their current phones for another year?   Either scenario could create headwinds for Apple's earnings. Lower margins would hurt profitability, while slower upgrade cycles could reduce unit sales. Both outcomes could put pressure on Apple's stock in the months ahead.   Bad News: The Dollar Is Strong Again Some people may read that headline and think, "What's the problem? Isn't a strong dollar a good thing?" Not necessarily. A strong dollar sounds positive, but the reality is more complicated. The U.S. dollar is now at its strongest level since May 2025. While that may feel good on the surface, a stronger dollar can create challenges for the economy.   When the dollar rises, American products become more expensive for the rest of the world to buy, which can worsen our trade deficit. At the same time, imported goods become cheaper for Americans. Consumers may enjoy lower prices on foreign products, but it also means more money flows overseas instead of supporting domestic businesses.   Over the long term, that can weaken U.S. manufacturing, increase our reliance on imports, and contribute to growing debt levels.   What's driving the dollar higher? Two major factors stand out. First, the new Federal Reserve leadership signaled a more hawkish stance at its most recent meeting. Nine of the 19 officials now expect at least one rate hike before year-end. Higher interest rates generally make the dollar more attractive to global investors. Second, the AI investment boom continues to fuel U.S. economic growth. However, the enormous capital required for AI infrastructure is leading companies to borrow heavily to finance those investments. This increased demand for capital competes with U.S. Treasury bonds for investor dollars, which could keep long-term interest rates elevated or even push them higher.   The AI boom has already increased speculation and risk in the equity market. Now it may also be creating additional risks in the bond market. Wherever you're investing, make sure you understand the relationship between risk and reward before committing your capital   Can Alphabet/Google Take Some of Nvidia's Market Share? Nvidia currently controls roughly 90% of the AI computing chip market. Whenever a company dominates an industry to that extent, it creates an opportunity for competitors to enter with comparable products at lower prices. That's exactly what Alphabet's Google is attempting to do with its artificial intelligence chips.   Google originally developed its custom AI chips for internal use, but it quickly realized there was a much bigger opportunity. With demand for AI infrastructure exploding, Google is now producing more chips and making them available to outside customers.   Nvidia CEO Jensen Huang has repeatedly stated, both publicly and privately, that increased competition will not have a meaningful impact on Nvidia's business. But what else can he say? Competition almost certainly will affect Nvidia to some degree. The company may eventually lose some market share and could be forced to lower chip prices to maintain its dominant position.   Google has significant financial resources to support its AI ambitions. In western New York, for example, Google reportedly provided a $3.2 billion financial guarantee tied to the Lake Marina AI data center project. Nvidia has used similar strategies in the past to strengthen relationships with customers and partners.   This type of financing does concern me. When you provide financing to a company that is also purchasing your products, you take on two risks. If that customer runs into financial trouble, you could lose both future product sales and repayment on the financing arrangement.   I also suspect Nvidia has substantial leverage with many of its customers. Companies may worry that reducing purchases from Nvidia today could limit their access to future chip allocations if demand remains strong.   Google isn't the only company challenging Nvidia. Competitors such as AMD, Broadcom, and newer entrants like Cerebras Systems are all looking for ways to gain a foothold in the rapidly growing AI chip market.   Nvidia stock has delivered incredible returns over the past several years. The question investors should be asking is whether increasing competition and the possibility of future chip oversupply could eventually take some of the shine off Nvidia's valuation.   The Dow's Alphabet Move Is a Sign of Weakness, Not Strength The Dow Jones is once again proving why it has become one of the most outdated and least useful stock market indexes in America.   This week S&P Dow Jones Indices announced that Alphabet will be added to the Dow, replacing Verizon. The financial media is treating it like the Dow is finally modernizing itself for the AI era. I see it differently. This is not leadership. It is not vision. It is not smart index construction. It is the Dow doing what it has done for years: showing up late, after everyone else has already made the money.   The Dow is supposed to represent the most important companies in the American economy. But unlike the S&P 500, it is not rules-based. There is no formula, no discipline, no objective threshold that decides who gets in and who gets kicked out. Instead, a committee at S&P Dow Jones decides when the index should change and which companies “feel right” for the list. That sounds harmless until you realize what it really means: the Dow is not a market index so much as a committee-curated museum exhibit that occasionally swaps out an old display piece for whatever has already become impossible to ignore.   That is exactly what is happening with Alphabet. Google has been one of the most dominant businesses on earth for well over a decade. It has been central to digital advertising, cloud computing, mobile software, and now artificial intelligence. None of that is new. The AI spending boom did not start yesterday. The Magnificent Seven did not suddenly become important last week. These companies have been driving market returns, corporate profits, and capital spending for years. Yet only now does the Dow decide it needs more exposure to big tech? That is not being ahead of the curve. That is a lagging indicator pretending to be a benchmark.   And the timing could not be more ridiculous. Instead of adding these companies before the market fully priced in their dominance, the Dow is adding them after the entire world has piled into the trade. After valuations expanded. After AI enthusiasm exploded. After mega-cap concentration became one of the biggest risks in the market. In other words, the Dow ignored the most important trend in the market for years and is now buying into it once the trade is crowded. The Dow will now hold five of the Magnificent Seven—Alphabet, Microsoft, Apple, Amazon, and Nvidia—which together will account for roughly 18% of the index. This is not modernization. That is panic buying in a suit.   What makes it even more absurd is that the Dow still uses a price-weighted structure, which is one of the silliest relics in finance. A stock's influence in the index is determined by its share price, not by the actual size of the company or its economic importance. Think about how insane that is. In a supposedly elite index of America's biggest companies, weighting is still distorted by something as arbitrary as the sticker price of one share. A stock split can change a company's importance in the Dow more than a change in its business fundamentals. This also leads to more concentration with high priced stocks like Goldman Sachs accounting for roughly 13% of the entire index and Caterpillar making up around 12%. This compares to low priced stocks like Verizon or Nike which each only currently account for about 0.5% of the index.     So now the Dow wants to have it both ways. It wants the credibility of owning AI and mega-cap tech leaders, but it wants to keep the same outdated structure and the same slow-moving committee process that made it miss the trend in the first place. It wants to look relevant without actually fixing what makes it irrelevant. Replacing Verizon with Alphabet may make the Dow look smarter for a headline or two, but it actually exposes the problem. The Dow did not identify the future. It waited until the future was obvious, then stapled it onto an old index and called it progress.   The truth is the Dow has become a follower, not a leader. It reflects where the committee finally got comfortable going after the move already happened. And by adding more mega-cap tech exposure now, after years of delay, it may be doing exactly what bad investors do: chasing yesterday's winners while taking on tomorrow's risk.   The Dow is not evolving. It is flailing. And every one of these late-stage reshuffles is a reminder that the most famous index in America may also be one of the least relevant.   Fed Stress Test Confirms the Strength of U.S. Bank Balance Sheets U.S. banks once again came through the Federal Reserve's 2026 stress test looking structurally strong, even under an intentionally severe economic downturn scenario. The results continue to reinforce one of the most important post-financial-crisis themes: large banks today are built to withstand a shock that would have been destabilizing in prior cycles.   The Fed's hypothetical scenario was deliberately harsh. It assumed a deep global recession with the U.S. economy contracting 4.6% and unemployment rising to around 10%. Housing prices would fall 30% from their current levels, the stock market would plunge 58% and there would be a 39% drop in commercial real estate prices. The framework is designed to test not just mild downturns, but a “worst plausible case” scenario that stresses bank balance sheets across multiple channels at once. Under that scenario, the Fed estimated cumulative losses across the largest 32 banks at roughly $700 billion, with the bulk coming from credit cards, corporate lending, and commercial real estate exposure. Despite those losses, all major institutions remained above required minimum capital levels. Capital ratios declined during the stress period, as expected, but stayed comfortably within regulatory buffers, underscoring how much capital has been built into the system since the 2008 financial crisis and subsequent regulatory reforms.   What stands out this year is not just that banks passed, but the margin by which they did so. Even under simultaneous pressure from unemployment, real estate, and equity drawdowns, the system showed the ability to absorb losses while still maintaining lending capacity. That “lend-through-cycle” characteristic is one of the key goals of post-crisis regulation, and the results suggest it is functioning as intended.   From an investor perspective, the more immediate implication is capital return. Passing the stress test is effectively the green light for banks to continue deploying excess capital back to shareholders. JPMorgan Chase unveiled a new $50 billion share repurchase program and said it will increase its quarterly dividend 10% to $1.65 per share, subject to board approval. Goldman Sachs and Wells Fargo increased their dividends 11% and Morgan Stanley boosted its payout by 15%.   Importantly, the Federal Reserve did not materially tighten capital requirements in this round, which removes a potential headwind that some investors had been watching. Instead, capital rules remain broadly stable, allowing banks to operate with predictability in their capital planning. That stability is key, because it supports consistent buyback programs rather than volatile, stop-and-go capital return cycles.   Taken together, the results reinforce a familiar but important conclusion: large U.S. banks today are not only capable of surviving severe macroeconomic stress, but they are doing so while generating enough earnings power to continue returning substantial capital through both dividends and buybacks. In a market where macro uncertainty remains elevated, that combination of resilience and shareholder yield continues to be a defining feature of the banking sector.   What Is Quantum Computing All About? Quantum computing is the next big step in the evolution of computing, and there's no way around it: it's a complex subject. But it's also one of the most important technologies being developed today. If your son or daughter is in high school and unsure what they want to study in college, they may want to consider quantum physics, engineering, or computer science with a focus on quantum computing. Over the next decade, the world is going to need far more people who understand this field, whether that means working in quantum research labs, developing software, building hardware, or solving the many engineering problems that still stand in the way of commercial adoption.   At its core, quantum computing is different from traditional computing because it uses quantum mechanics rather than classical binary logic. Today's computers rely on CPUs and GPUs that process information in bits or ones and zeros. Quantum computers use quantum processing units, or QPUs, powered by qubits. Qubits can behave in ways classical bits cannot, which gives quantum systems the potential to solve certain problems dramatically faster than even the most powerful computers we have today.   There are currently four major approaches, or architectures, being used to build quantum computers: superconducting, neutral atoms, trapped ions, and photonics. Each has strengths and weaknesses, and no one yet knows which approach will ultimately dominate. But all of them are trying to achieve the same goal: building machines capable of solving problems that are effectively impossible for classical computers.   That matters because the upside is enormous. Quantum computers could transform fields like drug discovery, materials science, logistics, finance, and artificial intelligence. They may also eventually be able to crack some of the encryption methods that protect today's digital world, which is one reason governments are taking the technology so seriously. It's not just a commercial race, it's increasingly a national security race as well.   And that's where the geopolitical angle comes in. China has been heavily subsidizing quantum research. The future may not just be defined by military arms races, but by technology races, especially in areas like artificial intelligence, semiconductors, and quantum computing.   The financial opportunity is also huge. By 2035, quantum computing is expected to generate roughly $43 billion to $71 billion in revenue. By 2040, some forecasts see that number climbing as high as $850 billion. Those are enormous figures for a technology that is still in its early innings, which helps explain why so much money is flowing into the space. I have to admit, quantum computing is both exciting and a little scary. A technology that can solve problems far faster than today's computers could open the door to incredible breakthroughs, but it could also create entirely new risks. Then again, that's true of almost every major technological leap in history. Progress is often uncomfortable at first, but it also has the power to reshape the world in ways we can't yet fully imagine.   Financial Planning: Accessing Home Equity Homeowners tapped an estimated $47 billion of their roughly $11 trillion of home equity during the first quarter of 2026, the highest first quarter total since 2021. There are three primary ways to borrow against that equity. A cash-out refinance replaces your current mortgage with a larger one, but this generally only makes sense if today's interest rates are similar to or lower than your existing mortgage rate. That is unlikely for homeowners who locked in historically low rates during 2020 through 2022. A home equity loan functions as a second mortgage with its own fixed interest rate and monthly payment, making it a good choice when you need a lump sum for a specific purpose, such as a home renovation. A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows you to borrow only what you need and repay it on your own schedule. While HELOCs typically have variable interest rates, they also provide the greatest flexibility and can make sense in today's interest rate environment. Regardless of which strategy you choose, home equity should be used to improve your overall financial position, such as consolidating high interest debt, funding value-adding home improvements, or purchasing appreciating assets. It should not be used to finance ongoing living expenses or discretionary spending.   Companies Discussed: Netflix Inc. (NFLX)

Join ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for another episode of What Are Your Thoughts and see what they have to say about: Micron earnings, the sudden selloff in South Korea's red-hot stock market, whether we're entering the late stages of the bull market, prediction markets coming to Wall Street, Jane Street's AI ambitions, the Magnificent Seven breakdown, Alan Greenspan's legacy, and the growing bull case for Meta. This episode is sponsored by Neuberger and ClearBridge Investments. Explore NBSD–including all risks and important information–at ⁠⁠https://www.neuberger.com/nbsd⁠⁠ Rising geopolitical tensions, continued market uncertainty, stocks backed by can offer more predictable cash flows as volatility increases. Visit ⁠⁠https://www.clearbridge.com/ ⁠⁠to learn more. Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Compound Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and never miss out! Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's Stansberry Investor Hour, Dan welcomes Stansberry Research's Director of Research Matt Weinschenk back to the show in a special crossover episode with Top Stocks. In this collaborative episode, the two discuss diesel, and Matt shakes things up by asking Dan most of the questions.   Matt and Dan kick things off by discussing the current state of diesel. The reserve diesel supply is now low enough that it's being measured in days instead of the usual months. The most recent report says that America only has 20 days' worth in reserve. This doesn't bode well for AI data centers since they cannot afford to have long downtimes, and at least 90% of their backup generators run on diesel. Another issue is that the fuel has a limited shelf life. If it's being stored, it can only last for so long, and if it's sitting in a generator, it has to be used or switched out so the generator isn't filled with gunk. And Dan says that even if global issues suddenly got better, diesel's current predicament wouldn't be resolved for a while. (0:00)   Next, the two explain how difficult it is to get a permit to build a new diesel refinery in the U.S., along with the pressure of building one near residential areas. Diesel costs around $100 per barrel and between $5.45 and $5.50 per gallon on average. Folks will adopt a "not in my backyard" mentality even if the price of diesel is higher. And even if the stakes are high enough, Matt says that no one is going to step up and compete with established oil and gas companies to build a new refinery. (10:46)   Finally, Matt and Dan detail all the industries and segments that rely on diesel. And with data centers having high demand, in the event of a power outage, they'll pay to have top priority for the available supply. But despite the worry around the potential diesel shortages, there are ways that you can profit from it. Dan shares the names of several companies that he believes will continue to perform well and return value to shareholders. These are companies that he has recommended to his subscribers in the past during "buy the dip" scenarios, and he still recommends them. And Dan teases a new group of "Magnificent Seven" stocks that will serve the "hard asset" needs of AI. (20:16)

Charles Payne is joined by Hennion & Walsh President and CIO Kevin Mahn to discuss the Magnificent Seven lagging as the broader market rallies, why massive growth makes Micron and the "Air 7" attractive AI plays, and how Alan Greenspan's passing highlights the Fed's need to prioritize Main Street over Wall Street. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Cullen Rogers, CIO of Wedbush Fund Advisors, explains why investors should rotate out of the “Magnificent Seven” and into emerging AI infrastructure plays. He highlights semiconductor bottlenecks in memory and advanced packaging, pointing to opportunities in Wedbush's AI Infrastructure Fund (IVEP). Rogers also pushes back on “AI bubble” concerns, arguing the market is underestimating long-term demand.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Professor Aswath Damodaran joins Kai Wu on The Intangible Economy to break down how to value SpaceX, AI companies, intangible assets, and the future of value investing.We discuss why big markets do not automatically create big value, how AI CapEx is changing the character of major technology companies, and why the best investment stories still have to connect to the numbers.Subscribe on Spotify⁠⁠⁠⁠Subscribe on AppleTopics covered:Valuing SpaceX after its IPO and why price matters even for great companiesHow Starlink, space launch, and xAI fit into SpaceX's valuation storyWhy total addressable market can mislead investors in AI and other disruptive industriesThe problem with AI unit economics, data centers, power, water, and reinvestment needsWhy growth can destroy value when margins and returns on capital are weakHow intangible assets, R&D, future growth, and narratives should show up in valuationThe Big Market Delusion and how overconfidence drives boom and bust cyclesWhy AI CapEx is different from the dot-com boom and could create broader risksHow AI is changing the character of the Magnificent Seven and semiconductor companiesWhy value investing became rigid, ritualistic, and righteous, and how it can evolveTimestamps:00:00 Why great companies can still be bad investments01:03 Introducing Aswath Damodaran and The Intangible Economy01:49 SpaceX IPO, Starlink, xAI, and the challenge of valuing uncertainty05:31 Why Starlink became the core of SpaceX's current revenue10:31 How Damodaran valued SpaceX across launch, connectivity, and AI14:07 Why AI's huge market may still have difficult unit economics17:10 The tension between SpaceX competing in AI and renting data centers to competitors20:00 Why valuation should use distributions instead of false precision22:39 How stories and numbers work together in valuation26:45 Why investors confuse promises, potential, and businesses30:49 The Big Market Delusion and overconfidence in AI investing33:02 Why the AI CapEx boom is different from the dot-com bubble35:17 How AI infrastructure is changing the Magnificent Seven38:36 Nvidia, Micron, semiconductors, and the risk of peak cycle earnings41:00 Why the biggest AI market stories could be scary for society43:37 AI disruption, labor markets, and the speed of technological change46:30 Measuring which jobs and companies are most exposed to AI automation49:00 Why AI cost structure may look more like Spotify than software51:13 The unresolved business model questions for LLMs and AI agents52:29 Why traditional value investing lost its edge56:03 Passive investing, book value, and the blame game in value investing58:13 Why rigid value investing is vulnerable to AI disruption01:00:58 How value investing can adapt to intangible assets and uncertainty01:02:21 Why any company can be a good investment at the right price01:04:57 Why investing mistakes and track records are harder to judge than they look

Today on Episode 244, the guys continue their Western Retrospective with another episode in which they discuss an original and a remake. This time they tackle the Magnificent Seven. Will the Classic ensemble led by Yul Brynner or the modern day version led by Denzel Washington lead the way to victory for the guys? Tune in to find out.Be Sure to Follow The Hosts on X and Blue Sky!Kevin “OptimusSolo” Thompson and Dan “The Comic Concierge” Clark!#UNLEASHTHECINEMAGEEKINYOU!!! #CinemaGeeks #Westerns #WesterRetrospective #MagnificentSeven #OriginalvsRemake

Gil Luria of D.A. Davidson explains whether Intel's sharp rally on Apple-related headlines is justified and what it would take for the company to turn renewed optimism into lasting results. Katie Stockton of Fairlead Strategies highlights other areas breaking out beneath the surface and identifies where momentum is building across the market. Bob Michele of JPMorgan Asset Management breaks down the fixed income landscape and explains what bond markets are signaling about growth, inflation and rates. The show also examines a growing corporate trend as companies shift from holding large cash balances to raising debt. Mark Mahaney of Evercore tackles a surprising development in tech: every member of the Magnificent Seven has underperformed the S&P 500 over the past month. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Max Rushden is joined by Barry Glendenning, Alex Abnos and Ben Fisher as the Netherlands and Japan play out a cracker in Dallas, while Germany put seven past Curaçao. Help support our independent journalism at theguardian.com/footballweeklypod. Watch us on YouTube: https://www.youtube.com/@FootballWeeklyPodcast