The consensus story about Samsung Electronics is that you buy it for the memory supercycle. That story is incomplete, and the part everyone is missing is not in the earnings headline — it is in the cash-flow appendix. Samsung’s FY2024–2026 shareholder return policy commits the company to returning 50% of free cash flow, and that
Palantir is not an AI infrastructure company, and almost every valuation argument made about it — bullish and bearish — quietly assumes it is. Here is the number that settles it: in the June 2026 quarter Palantir spent $14.55m on capital expenditure. Microsoft spent $35.80bn in the same three months. That is 2,461 times more
Microsoft is not an expensive stock that got more expensive. Over the past 52 weeks MSFT has returned 1.34% while fiscal 2026 revenue grew 17.7% and diluted EPS grew roughly 25% — the multiple did the falling, not the business. That is the first thing to understand about any Microsoft MSFT stock prediction made at
Markets await Federal Reserve Chair Warsh’s Jackson Hole speech, US Nonfarm Payrolls benchmark revisions, and sticky inflation data.Federal Reserve Chair Kevin Warsh’s Jackson Hole Debut and Policy UncertaintyFinancial markets are intensely fixated on Federal Reserve Chair Kevin Warsh’s highly anticipated debut speech at the annual Jackson Hole Symposium. This address arrives at a critical juncture,
The interesting thing about Apple’s next fortnight is not the foldable. On 1 September John Ternus becomes chief executive, ending the longest and most lucrative CEO tenure in corporate history, and on 9 September he walks onto the stage at the Steve Jobs Theater to launch a new product category. Apple closed 28 August at
The IREN revenue miss is the least interesting number the company published this week. Wall Street spent Friday marking the stock down 12.53% to $35.45 because fiscal fourth-quarter revenue came in at $137.2 million rather than the roughly $157 million some models carried. That $20 million gap is a rounding error next to what IREN
Gold did not fall on Friday because inflation is beaten. It fell because the man who decides the price of money said the opposite. Spot gold closed 28 August 2026 at roughly $4,456 an ounce, down 3.2% on the day, after Federal Reserve Chairman Kevin Warsh used his first Jackson Hole keynote to tell the
Most silver price targets are guesses dressed as models. Ours are not, and the reason is one dataset: over the last twelve months the gold/silver ratio has traded from 44.1 to 89.1. That is not a forecast range — it is the range the market actually printed, twice over, inside a single year. Multiply those
The most common mistake in a Salesforce (NYSE: CRM) price target right now is treating the Claudeforce announcement as an upgrade to the existing model. It is not. It is a change to the billing unit, and a business whose revenue is metered on API consumption cannot be valued off the same seat-growth assumptions as
The consensus oil forecast for the rest of 2026 is not bullish. That surprises people, because the Strait of Hormuz is still not operating normally and the phrase “Middle East supply risk” has been in every headline for six months. But the sell-side numbers say otherwise: J.P. Morgan sees Brent averaging $80 in Q4 and