qfx

Energy demand? A fleeting dream. The world’s a fickle lover, and oil‘s not the only game in town anymore. But the article’s heroes-TotalEnergies, Chevron, Energy Transfer-these are not saviors. They’re relics in a dying empire, clutching at clean energy like a drunkard’s last bottle.

Consider Broadcom, that venerable titan of silicon and software, whose shares have ascended like a phoenix from the ashes of earnings reports. Its third-quarter results, a tapestry of 22% revenue growth and a 67% EBITDA margin, seem to whisper of a world where AI accelerators are not mere chips, but sentient beings with a penchant for arithmetic. Yet, the stock trades at 58 times its trailing-12-month earnings-a price that would make even the most seasoned trader’s head spin like a dervish. One might wonder if the market has mistaken a ledger for a holy scripture.

Yet in this decline, a curious paradox emerges. Energy Transfer’s dividend, a sonorous note in the cacophony of financial uncertainty, sings with a yield surpassing 7.5%, a melody sixfold the S&P 500’s average. One might argue it is not the stock’s ascent that captivates, but the steadfastness of its payout-a relic of an era when capital spoke in certainties rather than conjectures.

But earnings season isn’t the only important data dump of the quarter. Aug. 14 marked the deadline for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides a concise snapshot for investors of which stocks the smartest investors on Wall Street bought and sold in the latest quarter.