Where the Money Went… Healthcare has been doing something rather un-healthcare-like lately. Winning. A lot. → Eli Lilly LLY ( ▲ 0.66% )  → AbbVie ABBV ( ▲ 0.15% )   → Johnson & Johnson JNJ ( ▲ 0.99% )  All three have helped lead healthcare’s recent rally. And the numbers are rather healthy. Since the end of April, the S&P 500 healthcare sector has climbed roughly 23%, outperforming every other sector over that stretch. Quite a performance for the part of the market investors traditionally visit when they’re looking for stability. And investors aren’t coming back...

Lights, Camera, Elon… Hollywood has never been particularly shy about spending money. Big productions. Bigger acquisitions. And occasionally, a bill that makes the movie budget look rather modest. Skydance ($SKYD) has been getting acquainted with that last part. The media company recently completed its combination with Warner Bros. Discovery, bringing Paramount, HBO, CNN, CBS and Warner Bros. under one roof. Quite the entertainment empire. But putting it together came with a substantial price tag. And lately, investors haven’t been particularly enthusiastic about the stock. Which means...

Let’s Read the Fine Print… Going public is usually a company’s opportunity to put its best foot forward. Show off the growth. Talk about the future. Give Wall Street a few very large numbers to admire. And Anthropic certainly has plenty of those. On Monday, the company behind Claude publicly filed its IPO prospectus, preparing to list on Nasdaq under $ANT. The financials are quite something. → $16.3 billion in revenue in just six months.More than it generated during all of 2025. But an IPO filing comes with another obligation. → Explaining everything that could go wrong. And Anthropic’s...

Comfort Food… Pipeline stocks tend to attract investors for one fairly obvious reason: They pay you. And some of those payouts are considerably more generous than the average stock market dividend. → Energy Transfer ET ( ▲ 1.87% ) ,→ Enterprise Products Partners EPD ( ▲ 1.75% ) , and→ MPLX MPLX ( ▲ 1.53% ) have built substantial businesses moving oil and natural gas through America’s energy infrastructure. Long-term contracts. Billions in cash flow. Regular payouts. So far, very income-investor friendly. But there’s another side to this rather comfortable arrangement. These companies...

Who’s a Good Stock??? Datadog DDOG ( ▼ 5.62% ) has been putting together the kind of performance that usually comes with a victory lap. Revenue is growing. Earnings keep beating expectations. And Wall Street has been handing out compliments. The stock has been enjoying the attention, too. One research firm recently published “3 Big Reasons to Love Datadog.” Another gave its valuation an F. Same company. Very different report cards. And therein lies the problem with being Wall Street’s favorite student. Good grades are nice. But eventually, somebody asks about the tuition. Datadog’s...

Elon vs. Elon… “Tap dancing through a minefield.” That’s how Elon Musk described the prospect of discussing a merger between Tesla TSLA ( ▲ 3.55% ) and SpaceX SPCX ( ▲ 6.85% ). And to be fair, negotiating a deal with yourself does present certain complications. Musk runs both companies. He owns significant stakes in each. And now he thinks combining them would be a good idea. → A roughly $3.5 trillion idea, to be precise. There’s just one minor administrative inconvenience. He’s not allowed to participate in the independent committees discussing it. During SpaceX’s...

A Rather Pricey Affair… Imagine walking into a bank with two business proposals. The first company is growing steadily, has little debt, and has finally started turning a profit. The second is growing considerably faster. There’s just one small detail. It’s losing more than a billion dollars a year. Now imagine being told that the second business commands a substantially higher valuation relative to its revenue. Welcome to Wall Street! And in the world of AI software, this isn’t some hypothetical exercise. It’s a rather interesting comparison between UiPath...