Liberty Energy’s Pivot From Fracking to AI Power Pays Off Big
Liberty Energy just delivered a case study in how legacy energy companies can reinvent themselves for the AI era — and investors who spotted it early were rewarded. The oilfield services company, known primarily for hydraulic fracturing and wireline work, closed at $21.48 per share on August 11, giving it a $3.5 billion market cap. Over the trailing 52 weeks, the stock gained 89.75%, even after a rough one-month stretch that saw shares pull back 14.52%. The bigger story is ...
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Aluminum Smelters Are Restarting as AI’s Metal Bottleneck Deepens
While copper has dominated the AI infrastructure trade — the Global X Copper Miners ETF is up nearly 100% over the past year — a quieter but equally critical metals story is unfolding in aluminum. Every mile of high-voltage transmission line feeding an AI data center consumes one to two tons of aluminum per megawatt delivered, and the supply side is finally responding to years of pent-up demand. Smelters that shut down during the 2022-2024 price slump are now restarting, ...
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Gold’s Comeback: Why Smart Money Is Buying the Dip Again
Gold is staging a comeback that has retail and professional investors paying attention again. After tumbling as much as 18% from its 10-year high above $5,300 an ounce earlier this year, the precious metal just logged its best week since January. Gold mining stocks did even better, posting their hottest five-day stretch since 2008. The move comes right as fresh inflation data eased fears the Federal Reserve would need to raise rates again, a shift that changes the calculus for ...
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H&R Block Stock Soars 15% on Bullish 2027 Profit Forecast
H&R Block shares surged 15% on Wednesday after the tax-preparation giant issued an upbeat forecast for its 2027 fiscal year that easily cleared Wall Street's bar. The company projected adjusted earnings per share in a range of $6.04 to $6.24, well ahead of the $5.86 per share analysts polled by LSEG had modeled. Revenue guidance of $4.11 billion to $4.16 billion also topped the Street's $4.05 billion estimate. The move pushed the stock to one of its strongest single-day gains ...
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Quantinuum Shares Surge 21% After Blowout First Earnings Report
Quantinuum shares rallied more than 21% on Wednesday after the quantum computing company delivered a stronger-than-expected debut earnings report as a newly public company. Second-quarter revenue came in at $8 million, up 279% year-over-year, driven primarily by growth in its cloud business. Management raised full-year 2026 revenue guidance to a range of $28 million to $32 million, topping the roughly $26.5 million analysts polled by FactSet had expected. The stock's move made it one of the biggest gainers on the ...
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Wendy’s Stock Jumps 16% on Report of Nelson Peltz Take-Private Bid
Wendy's shares spiked as much as 16% on Wednesday after the Financial Times reported that activist investor Nelson Peltz's Trian Fund Management is preparing a bid to take the fast-food chain private. Trian, Wendy's largest shareholder with roughly a 16% stake, is reportedly assembling a consortium of co-investors that could include Flynn Group, one of Wendy's biggest U.S. franchisees, and Abu Dhabi-based BlueFive Capital. No offer price has been disclosed, and a deal is not guaranteed, but the report sent ...
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Michael Burry Bets on Beaten-Down Lululemon and MercadoLibre
Michael Burry, the investor famous for calling the 2008 housing crash, has made two new bets that are turning heads: Lululemon (NASDAQ: LULU) and MercadoLibre (NASDAQ: MELI). Both stocks have taken a beating this year despite real underlying business strength, which is exactly the kind of setup Burry has built his reputation on chasing.Lululemon shares are down more than 40% year-to-date after fiscal Q1 revenue grew just 4% and North American sales stayed soft. But the bull case has real ...
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CoreWeave Shares Pop 20% as AI Compute Revenue Doubles
CoreWeave investors got a jolt Wednesday morning as shares surged nearly 20% in premarket trading after the AI cloud provider reported that second-quarter revenue doubled year-over-year. The company posted $2.6 billion in revenue, up 112% from $1.2 billion a year ago, and guided for third-quarter revenue between $3.4 billion and $3.6 billion. Citi analysts called it "one of the cleaner quarters" CoreWeave has delivered since its IPO, citing stronger pricing power and better-than-expected margins.The numbers behind the pop are striking ...
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