Latest news with #macro
Globe and Mail
5 days ago
- Business
- Globe and Mail
Does Super Micro Computer Stock (SMCI) Have More Room to Run?
(SMCI) stock has rallied 36% so far in 2025. After a rollercoaster ride last year due to several negatives, including accusations related to accounting irregularities and delay in filing of financial statements, the stock has risen in 2025 due to improved investor sentiment for the AI server maker. Nonetheless, analysts are currently divided on SMCI stock, with the average price target indicating that the stock could be range-bound. Confident Investing Starts Here: Analysts Are Divided on SMCI Stock SMCI Bulls are optimistic about its growth prospects amid the ongoing AI boom, given recent wins like the $20 billion partnership with DataVolt to develop hyperscale AI campuses in Saudi Arabia and the U.S. However, other analysts are concerned about the company's disappointing fiscal third-quarter performance and dismal guidance and a potential slowdown in AI spending due to macro pressures. Moreover, Super Micro didn't issue guidance for Fiscal 2026, citing tariff-related uncertainties. Recently, Citi analyst Asiya Merchant reiterated a Hold rating on SMCI stock with a price target of $37. Reacting to the DataVolt agreement, the 5-star analyst said that the news is a positive read-through for the underlying demand momentum for SMCI and AI infrastructure hardware players that cater to the tier 2, neo cloud, GPU as a service cloud providers, and sovereign entities. That said, Merchant remains sidelined on SMCI stock due to rising competition. Meanwhile, Raymond James analyst Simon Leopold initiated coverage of SMCI stock with a price target of $41. The 5-star analyst stated that SuperMicro has emerged as a 'market leader' in AI-optimized infrastructure. He highlighted that AI platforms now comprise nearly 70% of SMCI's topline, with the company also expanding its share of the branded AI server market. Leopold thinks that SMCI has positioned itself in a 'sweet spot' between the branded IT suppliers like Dell (DELL) and HP Enterprise (HPE), and contract manufacturers like Quanta. While tariffs and technology transitions, like Nvidia's (NVDA) Hopper to Blackwell processors, present risks over the intermediate term, Leopold believes that AI projects represent a long-term secular driver for SMCI. Further, Mizuho analyst Vijay Rakesh recently raised price targets for several AI server-related stocks, citing growing demand and momentum across the supply chain. In particular, the 5-star analyst increased the price target for Super Micro Computer stock to $40 from $32, noting the company's leadership in AI server deployments. However, Rakesh maintained a Hold rating on SMCI stock and cautioned investors about 'increasing competition and weak AI server margins.' Is SMCI Stock a Good Buy? Overall, Super Micro Computer stock scores a Moderate Buy consensus rating based on six Buys, five Holds, and one Sell recommendation. The average SMCI stock price target of $40.83 suggests that the stock could be range-bound. See more SMCI analyst ratings Disclaimer & Disclosure Report an Issue
Globe and Mail
6 days ago
- Business
- Globe and Mail
Bitcoin Stalls Near $110K as JPMorgan and Saylor Load Up
Bitcoin is holding just under $110,000, but the story isn't about the pause — it's about who's buying the dip. While retail traders hesitate, institutional giants like JPMorgan and Michael Saylor's Strategy (MSTR) are loading up. Confident Investing Starts Here: Bitcoin Faces Pause as Inflation Data and Nvidia Earnings Loom Bitcoin's rally hit a ceiling this week thanks to macro pressure. Investors are awaiting fresh inflation data from the U.S. and watching for ripple effects from Nvidia's (NVDA) earnings report on May 28. Those two catalysts could set the tone for risk appetite heading into June. Trump's decision to delay a 50% tariff hike on EU goods gave markets a short-term lift, but Bitcoin didn't fully capitalize. That's raised questions about whether BTC can break above its highs without a clear macro tailwind. Bitcoin Futures and Options Tell a Different Story Despite the pause in price action, BTC futures premiums ticked up to 8% on May 26 — up from 6.5% the day before. That's not euphoric, but it's healthy. For reference, when Bitcoin first topped $100K in December 2024, futures premiums spiked to 20%. Meanwhile, Bitcoin options markets are showing signs of bullish positioning. The 30-day delta skew hit -6%, meaning put options are trading at a discount — a classic marker of confidence. Traders aren't bracing for a big drop. If anything, they're prepping for upside. Institutions Are Still Buying Bitcoin — Big Michael Saylor's Strategy added $427 million in BTC last week at an average of $106,237. Spot Bitcoin ETFs saw $2.75 billion in fresh inflows during the same window. And JPMorgan (JPM), for the first time, is letting clients buy spot Bitcoin ETFs — indirectly opening the door to over $6 trillion in customer assets. This isn't retail chasing green candles. This is long-term capital positioning. Bitcoin isn't struggling — it's waiting. The market's next move hinges on two major catalysts: PCE inflation data on May 30 and the Richmond Fed index on May 28. These aren't just data points — they're pressure points for how much economic risk investors are willing to stomach. If macro signals lean dovish, BTC could rocket past $112K. If not, a revisit to $105K isn't off the table. At the time of writing, Bitcoin is sitting at $109,815.
Washington Post
14-05-2025
- Business
- Washington Post
American Eagle tumbles after pulling financial guidance for 2025
Shares of American Eagle Outfitters are tumbling before Wednesday's opening bell after the retailer withdrew its financial outlook for the year citing 'macro uncertainty' and said it would write down $75 million in spring and summer merchandise. American Eagle said late Tuesday that it expects first-quarter revenue to slide 5%, or more than $1 billion. Same-store sales, a key gauge of a retailer's health, are projected to fall about 3%.
Yahoo
11-05-2025
- Business
- Yahoo
Bitcoin Rejects at $97.7K Post-FOMC: 'No Progress If Tariffs Stay,' Says Powell—Is $90K Next or $100K?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin's latest rally faced a firm rejection following the Federal Open Market Committee meeting on Wednesday evening. After spiking to a daily high of $97,700, Bitcoin has retraced slightly and is currently trading at $96,300—just below a well-known rejection zone that has now held for nearly a week. Despite this pullback, bulls still have a reason to stay optimistic. Bitcoin remains above the key swing low of $93,360, which also marks the current weekly low. Holding above this level keeps the broader bullish structure intact for now, especially in the context of a macro environment that remains largely risk-off. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The rejection zone that traders should be paying close attention to sits between $96,900 and $97,900—a resistance area formed on May 2. This zone has now seen multiple intraday rejections, indicating strong supply and hesitancy from buyers to push price further without more favorable macro tailwinds. Should Bitcoin successfully close above this zone on higher time frames, the next bullish price target is clearly defined at $100,185—a psychological and technical magnet that's been eyed by bulls for weeks. Beyond that, Bitcoin would face the final hurdle of all-time highs near $110,000. However, the market's hesitation today wasn't without reason. Federal Reserve Chair Jerome Powell struck a cautious tone in his press conference, saying, "We won't make progress on our goals this year if tariffs stay." The comment reinforced a quantitative tightening posture, at a time when many risk asset traders were hoping for dovish clues or a pivot toward quantitative easing. This QT-forward stance casts a cloud over high-beta assets like Bitcoin, which have historically thrived in looser monetary environments. The absence of clear dovish signals may explain why Bitcoin failed to break through resistance, despite technical momentum building earlier in the week. Trending: New to crypto? on Coinbase. If Bitcoin continues to reject at this zone, downside levels come into play quickly. Immediate support lies at $92,846—the previous week's low. From there, traders should monitor $91,700, a significant swing low, followed by $90,705, which marks a breakaway gap high on the four-hour chart. A strong move below these levels—especially with volume—could trigger a broader retracement, opening the door for a steeper correction. This would likely shift short-term sentiment and may drag Bitcoin back into a consolidation phase. That said, the broader context should not be ignored. Bitcoin is still up significantly year-to-date and has shown resilience during past FOMC cycles. As long as bulls can protect key levels, particularly $93,360, the door remains open for higher prices. In summary, while the immediate reaction to the FOMC event was bearish, the technical structure remains neutral to bullish unless we begin to lose major support levels. Until then, Bitcoin remains in a range—one that's tightly squeezed between macro caution and long-term bullish conviction. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock Send To MSN: 0 This article Bitcoin Rejects at $97.7K Post-FOMC: 'No Progress If Tariffs Stay,' Says Powell—Is $90K Next or $100K? originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
06-05-2025
- Business
- Bloomberg
Haidar's Macro Hedge Fund Plunged 25% in April's Chaotic Trading
Said Haidar's macro hedge fund suffered one of its worst monthly losses since it launched more than two decades ago as President Donald Trump's tariff war set off high volatility in global markets. Haidar Jupiter Fund slumped an estimated 25% in April, its second-biggest monthly decline since the fund's debut in 1999, according to investor documents seen by Bloomberg News. The losses put the macro strategy down 17.6% for this year, the documents show.
