Oil and Energy Stocks Jump as Iran Keeps Strait of Hormuz Shut

Energy stocks caught a fresh bid Monday as hopes for reopening the Strait of Hormuz faded, pushing crude oil prices sharply higher and reversing last week's brief relief rally. Brent crude futures jumped 3.3% to $84.64 a barrel, while U.S. West Texas Intermediate climbed 3.1% to $80.63, as Iran continued to demand an end to military threats, sanctions relief, and compensation before agreeing to reopen the critical waterway. The renewed uncertainty erased much of last week's seven percent pullback in ...
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TSMC’s July Sales Jump 45% — AI Chip Demand Shows No Signs of Slowing

Taiwan Semiconductor Manufacturing just delivered the clearest proof yet that AI chip demand isn't cooling off, even as investors have grown nervous about the sustainability of the artificial intelligence spending boom. The world's largest contract chipmaker reported July revenue of 467.58 billion New Taiwan dollars, roughly $14.5 billion, up 44.7% from a year earlier. That pace puts TSMC ahead of its own full-year guidance of roughly 40% revenue growth, a rare case of a bellwether company outrunning its own bullish ...
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Berkshire’s New Boss Turns On the Buying Machine After 14 Quarters

Berkshire Hathaway just gave investors the clearest signal yet that the Warren Buffett era of pure cash hoarding is over. New CEO Greg Abel ended a 14-quarter streak of net stock selling in the second quarter, buying roughly $25 billion in equities while selling only $3.7 billion. It's the most aggressive buying spree from Omaha since 2022, and it came alongside a record $4.5 billion in share buybacks — the largest quarterly repurchase total in five years.The numbers back up ...
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Rocket Lab, AST SpaceMobile Surge Into Earnings on SpaceX’s Blowout Quarter

The space sector is having a moment, and two smaller players are riding the wave straight into their own earnings reports today. Rocket Lab (NASDAQ: RKLB) shares jumped 27.5% over the past week, while AST SpaceMobile (NASDAQ: ASTS) climbed 22%, both set to report second-quarter results after Monday's market close. The rally traces directly back to SpaceX, which posted its first-ever public quarterly report on August 3 and blew past expectations — April-June revenue nearly doubled year-over-year to $7.8 billion, ...
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Micron Stock Trades at Half the Tech Sector’s P/E Despite AI Memory Boom

Micron Technology just delivered a reminder that even the hottest AI trades can get volatile — and that volatility may be creating an opening. Shares plunged 28.7% in July before staging a rebound in August, and the stock now trades at a trailing price-to-earnings ratio of about 19, far below the broader tech sector's average multiple of 35. That gap is notable given Micron sits at the center of one of the tightest supply crunches in the chip industry: memory ...
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Gold Miners Rip 20% Higher as Barrick and Newmont Settle Nevada Feud

Gold mining stocks just had one of their best weeks in years, and Monday brought a fresh catalyst that could keep the rally going. The VanEck Gold Miners ETF (GDX) surged 21% over five trading days to $89.73, while the VanEck Junior Gold Miners ETF (GDXJ) climbed even harder, up 22% to $116.78. Individual names moved just as sharply: Newmont (NYSE: NEM) gained more than 20% to $112.97, Agnico Eagle rose nearly 23%, and Barrick Mining (NYSE: B) added 19% ...
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AppLovin Stock Crashes 20% on Tiny Revenue Miss — Is the AI Ad Boom Losing Steam?

AppLovin, the AI-powered advertising platform that became one of Wall Street's most-loved growth stories, hit a speed bump Thursday as shares plunged roughly 20% after the company reported second-quarter results that fell just short of expectations. Q2 revenue came in at $1.92 billion — up 53% from a year ago — but marginally below the analyst consensus of $1.935 billion. Adjusted EBITDA rose 58% year-over-year to $1.61 billion, also slightly under guidance. It was the company's first meaningful earnings miss ...
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Disney Streaming Profit Doubles and Parks Boom — New CEO D’Amaro Off to a Strong Start

Walt Disney's fiscal third-quarter results, reported August 5, gave investors a powerful vote of confidence in new CEO Josh D'Amaro's early stewardship of the entertainment giant. The company posted adjusted earnings per share of $2.06, handily beating the Wall Street consensus of $1.86 — a 28% year-over-year increase. Total revenue came in at $25.25 billion, up 7% from a year earlier, while total segment operating income surged 21% to $5.56 billion. Disney stock jumped roughly 7% in response, with several ...
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