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Odessa American, Texas9d agobullish
US rig count up three as prices soar

The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 268 rigs active in the region. A year ago, 254 rigs were active in the region. Nationally, the oil and gas rig count is up three from last week at 591 rigs. A year ago, 539 rigs were active. The count shows that 450 rigs sought oil, up one from the previous week, and 132 explored for ...

An Intel-Backed Startup Says It Can Beat HBM. Is Micron’s AI Memory Boom Vulnerable?
Insider Monkey9d agobullish
An Intel-Backed Startup Says It Can Beat HBM. Is Micron’s AI Memory Boom Vulnerable?

Micron Technology, Inc. (NASDAQ:MU) has become one of the AI boom’s biggest beneficiaries because high-bandwidth memory has turned into a scarce strategic resource. An Intel Corporation (NASDAQ:INTC)-backed startup now wants to challenge that scarcity. Barron’s reported September 10 that Kepler Computing emerged from stealth with a new memory architecture using ferroelectric materials and 3D stacking. […]

RTX Corporation (RTX) Doubles Down on Defense Manufacturing — Is the Stock Still a Buy?
Insider Monkey9d agobullish
RTX Corporation (RTX) Doubles Down on Defense Manufacturing — Is the Stock Still a Buy?

On August 27, RTX Corporation (NYSE:RTX) announced that its Raytheon unit had completed a $50 million expansion of its Forest, Mississippi, manufacturing facility. The project is set to expand the production capacity for vital electronic warfare and radar systems, including the Next Generation Jammer Mid-Band (NGJ-MB) and other airborne radar programs. For investors, the question […]

Adobe Beat and Raised but Fell. Salesforce Shows What Investors Now Demand From AI Software
Insider Monkey9d agobullish
Adobe Beat and Raised but Fell. Salesforce Shows What Investors Now Demand From AI Software

Adobe Inc. (NASDAQ:ADBE) delivered another quarter showing that artificial intelligence can strengthen incumbent software companies. Investors still want more proof. Reuters reported September 10 that Adobe’s third-quarter revenue rose to $6.76 billion, beating the $6.70 billion consensus estimate. Adjusted earnings of $6.13 per share also topped expectations. Adobe also raised its full-year revenue and earnings […]

Benchmark Assigns Buy Rating to SiTime (SITM) Amid Timing Technology Market Expansion
Insider Monkey9d agobullish
Benchmark Assigns Buy Rating to SiTime (SITM) Amid Timing Technology Market Expansion

On August 20, Gary Mobley from Benchmark initiated his coverage of SiTime Corp. (NASDAQ:SITM) with a target price of $850. The analyst assigned a Buy rating to the stock, backed by the expectations of increased relevance of precision timing for system manufacturers. Let’s explore the underlying growth drivers and potential threats for a company that […]

3 Reasons U is Risky and 1 Stock to Buy Instead
StockStory9d agobullish
3 Reasons U is Risky and 1 Stock to Buy Instead

Unity has been on fire lately. In the past six months alone, the company’s stock price has rocketed 110%, reaching $42.03 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.

3 Reasons to Avoid C and 1 Stock to Buy Instead
StockStory9d agobullish
3 Reasons to Avoid C and 1 Stock to Buy Instead

Over the past six months, Citigroup has been a great trade, beating the S&P 500 by 14.1%. Its stock price has climbed to $138.48, representing a healthy 26.8% increase. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.