Helmerich & Payne

AI still the main themes, unaffected by the wars going on. Nvidia main strategy changes, building all kinds of partnerships across the board; from software to hardware, upstream and downstream, even bringing alongside old PC companies like DELL and HP, constructing an empire just for one reason. Trump’s always said so: CHINA, CHINA, CHINA.

Just a thought…

Source: Serenity

In today’s pre-mkt summary for Subscribers: Stocks edged higher pre-market as investors awaited key economic data, including January retail sales today and the delayed U.S. non-farm payrolls report tomorrow. Treasury yields dipped, precious metals and Bitcoin declined, while oil held steady. Taiwan Semiconductor moved higher on strong January sales growth signaling sustained AI chip demand. A sharp divide has emerged in tech, with memory chip producers soaring amid surging prices while consumer electronics firms like HP, Dell, and Nintendo have slumped. We remain bullish on equities, as cooling inflation, slowing employment growth, and expected Fed rate cuts are likely to drive the market to new highs, with 2026 S&P 500 earnings growth projected at +12% and carrying a reasonable 4.5% forward earnings yield (2026 P/E 22.4x) vs 10yr TYs of 4.18%.