Wall Street, naturally, is engaged in its customary debate – is this a genuine increase in magical potency, or a particularly elaborate illusion? The capital plans of the High Mages suggest the former, though one should always remember that mages are notoriously bad at arithmetic. Still, here are three purveyors of shiny boxes and whispered promises that may benefit from this ongoing wave of… well, let’s call it ‘progress.’
If you’re one of them silver bulls – and there’s a good many of ’em these days, what with all this talk of newfangled AI contraptions and their appetite for the stuff – then Hecla’s report might just tickle your fancy. Investors, they saw a chance, and they took it, a right stampede, if you will.
So, here are three companies that, unlike some tech startups I could mention, have actually figured out how to make money consistently. And, crucially, share it.
Anyway, she’s not panicking (or at least, not visibly). Instead, she’s doing that thing where she buys more of the stuff that’s going down. A bit like when I see a sale on cashmere sweaters…it just feels right. She picked up some more Advanced Micro Devices (AMD), Broadcom (AVGO), and Coinbase (COIN) on Tuesday. More. As if adding to a losing position will magically fix things. I’m starting a list: “Things Cathie Wood Does That I Simultaneously Admire and Fear.” It’s quite long. Let’s have a closer look, shall we? It’s a distraction, of course. From checking my own portfolio. Which is probably a bad idea.
As of this afternoon, the stock is up a rather spirited 16.8% from yesterday’s close. One imagines the champagne corks are being popped – or at least, a very dry martini is being mixed – amongst those who’ve been clinging to their shares with a fortitude bordering on the heroic.
The Pepe (PEPE) token remains above its year-to-date low of $0.0000031, which has earned it a market capitalization of over $1.78 billion. One might say it’s enjoying a brief flirtation with respectability before the inevitable plunge.
The source of this disquiet appears to lie in speculation concerning a potential acquisition – namely, the considerable assets of Warner Bros. Discovery. One observes, with a degree of amusement, the prevailing panic regarding the financing of such a venture, and the integration of its contents. It is a truth universally acknowledged that a company in possession of ample fortune must be in want of further expansion, though whether such ventures are always conducted with the requisite prudence remains a matter for consideration.
And for those who seek solace in the steady rhythm of dividend income, a path opens in these international realms. The Vanguard International High Dividend Yield ETF (VYMI +0.39%), a counterpart to the more celebrated Vanguard High Dividend Yield ETF (VYM +0.46%), offers a respite from the relentless pursuit of growth. It is not a flamboyant offering, but a solid, dependable presence, a third-largest in its category, yet possessing a certain…unassuming strength.
This is a new position for Sands, making up 1.85% of their U.S. equity holdings. Which, in fund-manager-speak, means it’s not nothing, but it’s not like they’ve bet the farm. It’s the 12th largest holding, so basically, it’s the middle child of the portfolio – trying to get attention, probably.
This Oklo, they’re trying to build these little reactors. Modular, they call them. Sounds…fragile. Like an Ikea bookshelf. One wrong move and the whole thing collapses. And the Department of Energy is giving them money? Our money? For this? It’s like they’re running a science fair and we’re all paying for the glitter glue. They got three out of eleven projects funded. Three! That’s statistically…something. I don’t know what. Probably nothing good.