Small-cap defense play building a multi-domain AI platform

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A New Kind of Defense Opportunity is Building a Multi-Domain AI Platform for Modern Warfare—This is Why NASDAQ Small Cap Defense Company VisionWave (VWAV) May Be Worth Watching Early!

As warfare becomes faster, smarter, and more automated, companies enabling these capabilities are moving into the spotlight. VisionWave Holdings, Inc. (NASDAQ: VWAV)is developing a platform designed to support this shift, combining sensing technologies, AI-driven analytics, and autonomous drones into a unified system.

This approach reflects how modern defense is evolving—toward connected, intelligent networks rather than standalone tools. The battlefield is changing fast—and NASDAQ: VWAV is positioning itself where the next wave of defense spending is expected to flow. The company isn’t just building products—it’s building a platform designed for how wars are fought today, not how they were fought yesterday.

Beyond technology development, VWAV is actively building pathways to growth. From strategic transactions like its SaverOne collaboration to expansion into global markets and early-stage moves into energy exploration, the company is broadening its reach across multiple high-demand sectors. While still early, its alignment with key defense and infrastructure trends is putting it on more investors’ radar.

While larger defense names dominate headlines, NASDAQ: VWAV is quietly aligning with the technologies shaping the future of combat.

Learn How VWAV could be an early-stage story worth watching in the defense tech space


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SanDisk Earnings Crush Estimates With 251% Revenue Surge

By Ryan Hasson. Article Published: 5/1/2026. 

SanDisk logo displayed above a SanDisk Extreme portable SSD, cable, and memory cards on a desk.

Key Points

  • SanDisk’s fiscal Q3 2026 revenue of $5.95 billion rose 251% year over year, easily topping the $4.55 billion consensus estimate.
  • The company signed five multi-year customer agreements, with over a third of fiscal 2027 bit supply already contracted, providing durable revenue visibility.
  • Despite guiding fiscal Q4 revenue of $7.75 billion to $8.25 billion, well above consensus, SNDK shares declined modestly in after-hours trading.
  • Special Report: The real SpaceX trade isn’t SpaceX (From Behind the Markets)

Sandisk (NASDAQ: SNDK) has been one of the market’s most remarkable stories over the past year. Heading into its fiscal Q3 2026 earnings report on April 30, the stock had already surged nearly 360% year to date and more than 3,300% over the past year. That made it one of the most extraordinary performers in the market over that stretch. The thesis driving the move, of course, has been AI-related.

The AI data center buildout is creating massive, structural demand for enterprise NAND flash storage, and SanDisk sits at the center of it. For the third consecutive quarter, results sharply topped estimates as the memory shortage and supply crunch continue.

The Quarter Was Extraordinary

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Sandisk’s fiscal Q3 results were, without exaggeration, one of the strongest earnings reports of this earnings season. Revenue came in at $5.95 billion, up 251% year over year and 97% sequentially.

The results crushed the consensus estimate of $4.55 billion and blew past the high end of management’s own guidance range of $4.4 billion to $4.8 billion. Non-GAAP EPS of $23.41 beat the $14.36 consensus by 63%, up sharply from $6.20 in the prior quarter and reversing a small loss in the same quarter a year ago.

The margin story was equally compelling. GAAP gross margin expanded to 78.4%, up from just 22.5% a year earlier, a 55.9 percentage point improvement in 12 months. Non-GAAP operating margin reached 70.9%, up from 37.5% sequentially. The company ended the quarter with $3.73 billion in cash and a zero-debt balance sheet after fully repaying its term loan. Management capped the quarter by announcing a $6 billion share buyback authorization.

The segment driving it all was Datacenter. Revenue in that segment surged 233% sequentially and 645% year over year to $1.46 billion, led by TLC products and early readiness for the upcoming QLC Stargate launch. The Edge segment, which includes client and mobile applications, more than doubled sequentially to $3.66 billion, up 295% year over year. Consumer revenue grew 44% year over year to $820 million.

A New Business Model Built for Durability

Beyond the headline numbers, the most strategically significant development from the earnings call was the progress on Sandisk’s New Business Model. The company ended Q3 with three signed multi-year agreements in place and revealed that it signed two additional agreements in the fiscal fourth quarter. Collectively, these contracts are backed by firm financial commitments from customers, providing revenue visibility and earnings durability that the prior spot-market-driven model could never offer.

More than a third of fiscal 2027 bit supply is already contracted under these arrangements. CEO David Goeckeler described the quarter as a fundamental inflection point, where technology leadership is enabling a deliberate shift toward the highest-value end markets, backed by a model built for structurally higher and more durable earnings power. The numbers make that case without much further argument.

The Guidance Is Equally Impressive

If the Q3 results were exceptional, the Q4 guidance was right there with them. Management guided fiscal Q4 revenue of $7.75 billion to $8.25 billion, compared with prior consensus of $6.49 billion. Non-GAAP EPS guidance was $30 to $33, versus a prior consensus of approximately $22.70. Non-GAAP gross margin guidance of 79% to 81% implied further expansion from Q3’s already elevated levels.

The Selloff and the Technical Setup

Despite all that, the stock fell in after-hours trading following the release. Heading into earnings, SNDK had already priced in significant optimism, hitting a fresh all-time high during the intraday session. After a parabolic run of that magnitude over the prior 12 months, even a report that beats every metric can trigger profit-taking. That is especially true in SNDK’s case, given that it was extended from its medium-term key simple moving averages and up almost 73% in April alone.

From a technical perspective, the more interesting question now is what the stock does next. After such an extraordinary run, some digestion and consolidation would be entirely healthy. A period of base-building above the rising 20-day SMA, allowing the stock to work off its overbought condition while the fundamental story continues to develop, could set up a constructive platform for the next leg.


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Today’s Featured Link: One AI stat proves a crash is coming(From Weiss Ratings)

A dire warning, not a victory

Editor’s Note: Join us tomorrow at 1pm ET for The Final Melt-Up – an urgent investment broadcast with all of the senior Porter & Co. analysts. Below, Porter explains why you cannot miss tomorrow’s broadcast.


We’re in the midst of one of its most intense rallies ever.

This is a period that will likely be referenced for decades to come.

Since the “lows” of March 30, the S&P 500 has added $9 trillion in 47 days – roughly the equivalent of the combined annual GDP of India and Britain – in less than two months.

But I believe this rally is a warning, not a victory.

What we’re seeing is the result of an enormous, global credit inflation.

Investors are panic buying, desperate to get back into financial assets that can protect them from the ongoing currency debasement that has gutted their standard of living over the past decade.

And I believe we are in the very last days of an enormous sovereign credit bubble, which has been the greatest inflationary period in the history of the world’s economy.

One you must prepare for now.

And I suspect these mounting risks are something many of you have felt… but perhaps can’t put your finger on just yet. 

It’s that feeling you can’t shake – despite the recent all-time highs and so-called “booming economy” –  that our country is dangerously close to the precipice. 

That nagging sense that… no, everything is not okay. And I want you to know that if you’re feeling that way, you’re not alone and you’re not being paranoid. No. What you are sensing is real.

I feel it too.

And I believe we’re in an extraordinarily dangerous period.

As you’ll likely be aware, I’ve been writing about these threats since late last year – laying my thesis out piece by piece – but the ongoing war in Iran has greatly accelerated my timeline.

Tomorrow, during our all-hands broadcast, I’m finally going to connect all the dots for you because when you see the full picture… when you see how all these threads come together…

I think you’ll understand what’s at stake here.

And why I’ve moved to what I called Defcon III.

My personal scale for how serious the risks are becoming. I first moved here in mid March. At the time, the war in Iran had just begun, oil was surging, and I could already see the chain reaction forming.

Since then, despite the ceasefires, talk of re-opening the Strait of Hormuz, and claims of victory from the Trump administration, things have gotten far worse.

Not on the surface perhaps. But underneath the veneer, the cracks are spreading. The underlying economic damage is done and while you may not have felt it yet… mark my words… you will.

Because while the ceasefire has stopped additional kinetic destruction of energy infrastructure in the Middle East, it has not restored vessel flows through the Strait of Hormuz.

Indeed, as the U.S. Navy has now belatedly imposed a blockade on Iranian-allied vessels seeking to transit the Strait… the chokehold on the movement of oil, LNG, nitrogen fertilizers, sulfur, and helium has gotten more severe… not better.

Our Persian Gulf allies that rely on these flows to fund their economies continue to be strangled, which is why the UAE recently asked the U.S. Federal Reserve for a substantial dollar swap line.

Meanwhile, the blockage of flows through the Strait is also wreaking havoc in the economies of our allies such as Japan, South Korea, India, and NATO members in Europe, all of whom are massive energy importers.

Just recently, Germany’s flagship airline Lufthansa announced that it will be canceling 20,000 flights this summer and shutting down its short-haul subsidiary CityLine due to the skyrocketing cost of jet fuel.

But mass flight cancellations are just the beginning: industrial supply chains across Asia and Europe are already seizing up because of the ongoing Hormuz crisis.

And I could go on and on with the ongoing risks that investors are ignoring.

However, and this is the part that’s going to catch most folks off guard, despite everything I just told you, stocks are still soaring to all-time highs:

Speculation is rising everywhere. Call-option volume is through the roof. Crypto is heating up. Risk assets across the board acting like nothing’s wrong. Equity allocation just hit its highest level in five years. 

None of this is a contradiction to our thesis.

In fact, this is exactly what every melt-up in history has looked like in its final innings.

The market only rolls over after one final, violent burst higher… the burst that sucks in every last skeptic and conservative investor despite their gut screaming don’t do it.

  • Case in point: in the last 12 months of the late-1920s melt-up, the Dow added another 59% on top of a market that had already doubled… before it gave back 89% over the next three years.
  • In the final 14-month run of the dot-com boom, the Nasdaq more than doubled… going from 2,200 to over 5,000. Then it plunged 78%… taking a generation of retirements with it.
  • In the 18 months leading up to the 2008 crisis, the S&P set new all-time highs and the experts told everyone the U.S. economy was fundamentally sound. Before the market collapsed 57%.

This isn’t just my prediction though.

As I wrote on Monday, over the last week, each of my analysts came to me… 

Not in a group meeting. Not on a group call.  Privately. One by one. Each of them having seen the same warning signs in their sector and each of them having come to the same conclusion:

One unifying investment idea.

A major macro thesis that is not only already unfolding… but is rapidly accelerating… and that we believe has just reached a dangerous tipping point.

This isn’t about an individual equity or recommendation but a looming event that could impact your finances more than anything else over the next six to 12 months.

What I’m calling The Final Melt-Up.

And tomorrow at 1pm ET we’re going to lay everything out for you.

I’ve asked all of the senior Porter & Co. analysts to join me in the studio to unpack exactly what’s happening and how they’re preparing for this final melt-up – and the inevitable melt-down.

Together, we’ll unpack the financial forces that are converging… how each analyst independently arrived at the same conclusion… their predictions for what comes next…

And, most importantly, how you can simultaneously protect your downside and maximize your upside potential in what could be one of the most consequential market moments in years.

What to buy… what to sell… what we believe comes next…

We’ll unravel it all tomorrow at 1pm ET during The Final Melt-Up.

My team will send you the link once we’re all in the studio and ready to start.

So mark your calendar: Tomorrow, Thursday May 14 @ 1pm ET.

I’ll see you there.

Good investing,

Porter Stansberry

P.S. If you’re struggling to square the circle of what your gut is telling you versus this intense stock market rally… just remember in the aftermath of Bear Stearns collapse… the S&P 500 rallied 15%.

The collapse of that storied investment bank was, of course, an early canary in the coalmine for the Global Financial Crisis but the market didn’t crash until months later when Lehman’s collapse exposed the truth about the financial system.



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Spotted: Elon crates at a U.S. Air Force base

Trade of the Day Wake-Up Watchlist

Editor’s Note: I have a message for you from Money & Markets. I thought you might find it interesting – check it out here or read more below.

– Stephen Prior, Publisher


Spotted: Elon Crates at a u.s. Air Force Base

Dear Reader,

Every week, these strange white crates leave a high-security Tesla compound in Lathrop, California.

Chart

They’re showing up near the Hoover Dam. At an Air Force base in Georgia. In the heart of New York City…

An estimated 4,000 of them are now spread across 48 locations in 14 states. And more roll out every week.

But you won’t see this on CNBC, and you won’t read about it in the Wall Street Journal.

Because these mystery Elon crates have nothing to do with electric vehicles, space, social media, crypto, biotech, robots or AI…

But former hedge fund manager Adam O’Dell knows what’s inside them…

(And he reveals it all in this urgent investment briefing)

Which is why he believes they will go down as Elon’s greatest-ever invention… his biggest ever disruption.

On July 22, Elon is expected to share this new venture with the world.

Once he does, this is going to be everywhere — from Fox Business to your family’s group chat.

Adam believes investors who get positioned before that date could walk away wealthier than they ever thought possible. Everyone else will be reading about it after the stocks have already run.

I’d hate for you to be in the second group.

Click here to watch Adam’s full briefing right now.

He’ll show you exactly what Elon is building, what’s inside these strange white crates… and he’ll give you the name and ticker of one of his top picks to play it — completely free.

Watch it now while you still have time to position yourself.Monument Traders Alliance

Monument Traders Alliance, LLC

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One Bible. Two sides. You decide.

BeliefnetEP 01 – Christian Nationalism: Faithful Patriotism or Dangerous Heresy?In this episode of Kingdom Clash, where faith collides and truth emerges, Billy Hallowell sits down with John Fugelsang and Owen Strachan to debate Christian nationalism.

Watch the VideoEP 02 – Abortion: Can You Be Christian and Pro-Choice?Ryan Bomberger vs. Doug PagittWatch nowEP 03 – Immigration: Love Your Neighbor or Secure the Border?Tim Milosch vs. Matthew SoerensWatch nowEP 04 – Death Penalty: Biblical Justice… or State-Sanctioned Killing?Shane Claiborne vs. Mark TooleyWatch nowBeliefnet

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MLB’s next superstar? Just ask Judge

Wednesday, May 13

View In Browser 

TOP NEWS 

The Brewers' Brice Turang in front of the likes of Bobby Witt Jr., Shohei Ohtani and Aaron Judge

The speed-defense specialist who quietly turned into a superstar

When Aaron Judge says, “He’s one of my favorite players to watch in the game right now,” you know he’s special. Let’s take a deep dive into how Brice Turang emerged as one of the game’s best. 

Pirates

Skenes takes no-no into 7th, makes Bucs history with strikeout dominance

Arizona Diamondbacks

Thomas trade provides Hazen, D-backs ‘flexibility’ for Deadline

Dodgers

Ohtani’s cold streak may be over, thanks to … Ice Cube himself!?

Twins

Ober-powered: Righty needs just 89 pitches to toss Twins’ first Maddux since ’17

Mariners

Raleigh snaps 0-for-38 slump, and his teammates made sure to ask for the ball

Rays

McClanahan extends scoreless streak as red-hot Rays turn up the heat

Mets

Ewing puts up the kind of MLB debut not seen in at least 126 years

Phillies

Wheeler’s efficiency reaches historic levels at Fenway

Yankees

Goldy sets tone with first-pitch blast as Yanks find their way on road

Braves

Yastrzemski breaks through for first Braves HR as team honors Cox, Turner

Giants

Haase’s surprising 2-HR night wasn’t even on his own bingo card 

MORE TOP NEWS

PERSONALIZE STORIES 

TOP PERFORMANCES 

Star Watch - eBaseball Pro Spirit
Shea Langeliers

Longest Home Run

Shea Langeliers

448 ft

8th Inning

Watch

Elly De La Cruz

Hardest Base Hit 

Elly De La Cruz

115.9 mph

5th Inning

Watch

Luis Mey

Fastest Strikeout

Luis Mey

101.1 mph

6th Inning

Watch

White Sox

Decisive Play

White Sox

31.8% WPA

8th Inning

Watch

Star Watch - eBaseball Pro Spirit
Paul Skenes

Paul Skenes

1st Buc since 1968 with consecutive 8+ IP, 0 R, 2 H starts (Blass)

A.J. Ewing

A.J. Ewing

1st player with 3+ BB and SB in MLB debut since 1898

Shane McClanahan

Shane McClanahan

2nd Ray with 4 straight scoreless starts of 5+ IP (Rasmussen, ’25)

Randy Arozarena

Randy Arozarena

4-for-4, 2 2B, HR, 3 RBIs; .579/.636/.842 in past 5 games

Kyle Schwarber

Kyle Schwarber

5th straight game with a homer, ties Phillies record

 

 

PLAY A SPORCLE BASEBALL QUIZ! 

Play Quiz

MORE FREE GAMES AT MLB PLAY  

MUST-SEE PLAY 

An animated gif of Jo Adell leaping to rob a home run in Cleveland

Jo Adell robbing homers … haven’t we seen that before?

MORE TOP PLAYS 

STAFF PICKS 

A collection of images of seven top pitching prospects

Each club’s hottest pitching prospect right now

Even in a relatively small sample, some hurlers have been able to dominate on the bump this year. MLB Pipeline looks at each organization’s strongest arm to date. 

Mason Windu? As if Miller could possibly get any nastier …

No, Padres closer Mason Miller is not a Jedi, though he does appear to throw some mind-bending pitches — and he got a little help (not that he needed it) from Grogu in a commercial for the upcoming Mandalorian movie.

Mason Miller

 

Everyone has a DeMarlo Hale story. That’s kind of the point

The Blue Jays’ associate manager is somehow and in some way connected to everyone and everything that happens in Toronto’s clubhouse.

Images of Blue Jays coach DeMarlo Hale at the World Series, with Cleveland and on a Minor League baseball card as a player

 

Fired-up pitcher tells coach ‘I’m finishing this game,’ then completes no-hitter

Rays prospect Aidan Cremarosa told his pitching coach where he stood: “Just letting him know he was going to have to drag me off that mound.”

Rays pitching prospect Aidan Cremarosa winds up

 

Wednesday tripleheader on MLB Network

It’s Angels vs. Guardians at 1 p.m. ET, Phillies vs. Red Sox at 6:30 (or Rockies vs. Pirates) and Giants vs. Dodgers at 10.

MLB Network’s logo alongside all 30 team logos beneath a heading that reads Live Games

 

 

MORE STORIES

SCOREBOARD 

LAA 2
CLE 3

NYY 6
BAL 2

WSH 10
CIN 4

COL 1
PIT 3

PHI 2
BOS 1

TB 7
TOR 6

DET 2
NYM 10

CHC 2
ATL 5

KC 5
CWS 6

MIA 0
MIN 3

SD 4
MIL 6

AZ 4
TEX 7

SEA 10
HOU 2

STL 6
ATH 4

SF 6
LAD 2
 

 

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A Book That Transformed Tens of Millions of Lives

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A message from our sponsor

Imagine a single book so powerful that it brought healing, clarity, and hope to tens of millions—yet terrified one of the world’s most powerful leaders.

That book is Zhuan Falun, the main teaching text of Falun Gong, also known as Falun Dafa. Rooted in the universal principles of truthfulness, compassion, and forbearance, it offers a clear, practical path to physical well-being, inner peace, and spiritual awakening.

Before 1999, Zhuan Falun had become one of the most widely read books in China. Government estimates at the time put the number of people studying and practicing its teachings between 70 and 100 million. Many experienced remarkable, even miraculous improvements in their health. Cases of chronic ailments being cured were common among Falun Gong practitioners.

However, its emphasis on moral integrity and personal freedom scared then-Chinese leader Jiang Zemin. In 1999, Jiang launched a brutal nationwide campaign to eradicate Falun Gong: books were confiscated from homes, publicly burned, shredded, and destroyed in staged spectacles broadcast on national television.

Brave practitioners risked everything—imprisonment, torture, and even their lives—to preserve the books. Numerous Falun Dafa books survived in unlikely places. Printing moved underground and overseas. The teachings endured.

Today, Zhuan Falun is available in over 40 languages, and Falun Dafa practitioners have spread to more than 100 countries. This May 13th, thousands of Falun Dafa practitioners will march across Manhattan, New York, celebrating the 34th year since the spiritual practice was first introduced to the public on May 13, 1992 (Watch it LIVE here). Its simple yet profound teachings continue to touch more hearts and transform more lives across cultures and backgrounds.

What’s inside the book that makes it so enduring?

Get your copy today and discover the teachings that have quietly awakened millions around the world.

Logo of Fa Yuan Books
Image of Zhuan Falun Book Cover

Order Now >>

What People Say

” Falun Gong is, in my judgment, the single greatest spiritual movement in Asia today. There’s nothing that begins to compare with it in courage and importance.“

Mark Palmer

FORMER U.S. AMBASSADOR

” What made Falun Gong stand out from other qigong exercises and meditation practices was a moral system—compassion, truthfulness, and forbearance—unmistakably Buddhist in origin.“

Arthur Waldron

LAUDER PROFESSOR

UNIVERSITY OF PENNSYLVANIA

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🗞️ Today’s top 6 featuring: eBay rejects GameStop’s $56 billion bid as ‘neither credible nor attractive’

May 13, 2026top newshealthbusinessentertainmentcoronavirus

TOP NEWSU.S. strikes two Iran-flagged oil tankers attempting to bypass blockadeThe U.S. military conducted a strike on two Iran-flagged oil tankers in the Gulf of Oman, …READ RUNDOWNReform party achieves significant election victories in the U.K.U.K. Prime Minister Keir Starmer announced on Friday that he will not resign following sig…READ RUNDOWN

HEALTHSimple strength test may predict lifespanA recent study from the University at Buffalo highlights the importance of muscle strength…READ RUNDOWNBUSINESSeBay rejects GameStop’s $56 billion bid as ‘neither credible nor attractive’GameStop’s CEO, Ryan Cohen, recently proposed a $56 billion takeover bid for eBay, aiming …READ RUNDOWNThe Golden ‘Trump Phone’ has been constantly delayed and will now not be made in the U.S.On June 16, 2025, Donald Trump Jr. and Eric Trump unveiled Trump Mobile, a new cell phone …READ RUNDOWN

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Romans 13:1-7 – Biblical Obedience to Government Authority

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Romans 13:1-7

(1) Let every soul be subject to the governing authorities. For there is no authority except from God, and the authorities that exist are appointed by God. (2) Therefore whoever resists the authority resists the ordinance of God, and those who resist will bring judgment on themselves. (3) For rulers are not a terror to good works, but to evil. Do you want to be unafraid of the authority? Do what is good, and you will have praise from the same. (4) For he is God’s minister to you for good. But if you do evil, be afraid; for he does not bear the sword in vain; for he is God’s minister, an avenger to execute wrath on him who practices evil. (5) Therefore you must be subject, not only because of wrath but also for conscience’ sake. (6) For because of this you also pay taxes, for they are God’s ministers attending continually to this very thing. (7) Render therefore to all their due: taxes to whom taxes are due, customs to whom customs, fear to whom fear, honor to whom honor. 
New King James Version   Change email Bible version

Though all of us should understand obedience to the laws of man, it is good from time to time to ask, “Should we obey the governments of man over us?” Should we obey it if we consider it an “illegal” government?

The apostle Paul had to address this subject two thousand years ago in Romans 13. Albert Barnes in his Barnes’ Notessuggests what prompted Paul to write this to the Roman church:

In the seven first verses of this chapter, the apostle discusses the subject of the duty which Christians owe to civil government. . . . There is no doubt that he had express reference to the peculiar situation of the Christians at Rome; but the subject was of so much importance that he gives it a general bearing, and states the great principles on which all Christians are to act. The circumstances which made this discussion proper and important were the following: (1.) The Christian religion was designed to extend throughout the world. . . . Christians professed supreme allegiance to the Lord Jesus Christ; he was their lawgiver, their sovereign, their judge. It became, therefore, a question of great importance and difficulty, what kind of allegiance they were to render to earthly magistrates. (2.) The kingdoms of the world were then pagan kingdoms. The laws were made by pagans, and were adapted to the prevalence of heathenism. Those kingdoms had been generally founded in conquest, blood, and oppression. Many of the monarchs were bloodstained warriors; were unprincipled men; and were polluted in private, and oppressive in their public character. Whether Christians were to acknowledge the laws of such kingdoms and of such men, was a serious question. . . . Soon the hands of these magistrates were to be raised against Christians in the fiery scenes of persecution; and the duty and extent of submission to them became a matter of very serious inquiry. (“Romans,” p. 284.)

The phrase “let every soul be subject” is a military term implying subordination. It is a willingness to occupy our proper place, to yield to the authority over us. That these governing authorities are “appointed by God” stems from another military term denoting the order or organization found in a military unit. Not only should we be subject, but we should submit in the knowledge that God Himself has had a hand in allowing them to exist!

Paul’s conclusion flows naturally from this. Those who resist, or rebel against, man’s governments also resist the ordinance of God! What God has ordained we should obey! This means we are to regard man’s governments as instituted by God and agreeable to His will. This is a hard pill to swallow for those who consider themselves sovereign!

Paul continues with his instruction with a warning that, if we break the law, we will be punished by the civil government as lawbreakers. Those in authority generally do not punish people for doing good, but they have God-given authority to punish those who do not accept their rule and laws. The apostle says we should be afraid to break man’s laws because his government administrators are really “God’s ministers”! They are servants of God! Thus, we should be subject, not just for fear of punishment, but also for conscience’ sake.

He concludes the section with specific instruction concerning taxes, custom, obedience, and respect. He says, “Pay your taxes and your fines. Obey the laws and respect government officials.” Sovereign citizens directly disobey this explicit command of God’s Word on each count!

Many who complain about the government over us fail to remember the example of our Savior Jesus Christ. He and His apostles lived under an “illegal” government for years; they were subject to Roman conquerors who levied stiff taxes and brutally oppressed freedoms. But what was Jesus’ instruction, specifically regarding taxes?

[The Pharisees asked,] “Is it lawful to pay taxes to Caesar, or not?” But Jesus perceived their wickedness, and said, “Why do you test Me, you hypocrites? Show me the tax money.” So they brought Him a denarius. And He said to them, “Whose image and inscription is this?” They said to Him, “Caesar’s.” And He said to them, “Render therefore to Caesar the things that are Caesar’s, and to God the things that are God’s” (Matthew 22:17-21)

Thus, Jesus advises us to pay our taxes, as He also paid them. Matthew 17:24-27 shows that He paid the Temple tax as well.

Some, considering this world to be Babylon, refuse to come under its laws. Though this world is truly Babylon the Great (Revelation 18), these people also forget the examples of Daniel, Shadrach, Meshach, and Abed-Nego. These men not only lived in literal Babylon, but also served in Nebuchadnezzar’s government, giving great honor and loyalty to the king. When Babylon’s laws conflicted with God’s laws, as in the case of idolatry (Daniel 3), they stood rock solid for God’s way, willing to take whatever punishment the civil government gave them. This is the principle we should always follow (Acts 5:29).

God has appointed authority over men to bring order to our society, and in bringing order, He has given each of us an opportunity to learn the lesson of how to submit to government. This is a lesson we all must learn, for even Christ is subject to the Father (I Corinthians 15:23-28)!

— John O. Reid

To learn more, see:
Should We Obey the Laws of Our Government?

Topics:

Government

Law

Obedience

Sovereign Citizenship

Subjection to Authority

Submission

Submission to God

Commentary copyright © 1992-2026  Church of the Great God
New King James Version copyright © 1982 by Thomas Nelson, Inc.

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Michael Burry Is at It Again

Michael Burry Is at It Again

By Vic Lederman, publisher, Chaikin AnalyticsFolks, Michael Burry just warned of a stock crash reminiscent of 2000 – again…

Regular readers will remember that I recently gave the hedge-fund legend credit for one of the many “bearish” calls he made. Of course, you’ll hopefully recall that I also said…

Some investors even joke that Burry called “20 of the past two market crashes.”

Put simply, if you make a lot of “bearish” calls – you’re bound to get a few correct.
This time, he claimed that the tech-heavy Nasdaq 100 Index is due for a “dramatic reversal.” Burry cited the recent “parabolic” surge that drove the valuations of tech stocks sky-high.

In his warning, Burry put the Nasdaq 100’s valuation at 43 times earnings. As he said, that’s far higher than the implied level of roughly 30 times.

As you can guess, Burry cited numerous other reasons investors should feel nervous.

However, Burry’s claims may not be as dire as he makes them sound…

Burry’s Strong Claims Stoke Investor Fear

Burry enjoys making bold claims with vivid imagery. I’ll list three of these quotes below…

  • The Nasdaq 100 is the “scene of the bloody car crash, minutes before it happens.”
  • Not selling and taking profits “is betting on one’s own ability to jump off at or near the top.”
  • “History tells us that even if the party goes on for another week, month, three months or year, the resolution will be to much lower prices.”

Of course, we know the stock market doesn’t move higher in a straight line. Markets rise and fall.

But looking beyond the fearmongering headlines about this new warning, Burry’s claims that a crash will come anytime within a week to a year are too broad. And they’re meant to incite fear of losing vast amounts of wealth.

It’s almost like a weather forecaster telling viewers there will be a deadly storm sometime this summer.

Simply put, I think there’s something deeper at play here…Recommended Links:

Elon Musk’s New ‘Secret Weapon’ for AI

Did Elon Musk just solve Silicon Valley’s biggest problem? Recently, he quietly deployed something in Memphis, Tennessee that reshaped the next phase of the AI boom – and tech giants like Microsoft, OpenAI, and Alphabet are scrambling to follow his lead. Most people still don’t know about this “secret weapon,” but it could determine the next winners and losers in AI.

‘Five-Alarm Fire’ Alert: The Man Who Spotted TWO $100 Million Trades Is Back

Gabe Marshank – who made $100 million in profits TWICE by spotting this exact setup before – says the same signal is flashing again. He says the biggest gains could come to those who make one straightforward move before June 1. Instead of briefing billionaire hedge-fund owners, he’s going public (for only the second time ever). Click here now to see his urgent free presentation.You see, Burry disclosed in his warning that he holds a “significant leveraged short position” against a group of companies.

That means Burry makes money as these stocks fall. And if investors heed his warning and sell, these stocks may fall further – and faster.

I don’t think investors want to imagine their portfolios as a “bloody car crash.” It’s critical to separate emotions from the facts.

And as it stands right now, I’m not buying this call about the Nasdaq 100 falling completely off a cliff. To show you why, let’s take a deeper look in the Power Gauge…

The Power Gauge Is ‘Very Bullish’ on the Nasdaq 100

As longtime readers know, we track the Nasdaq 100 in our system through the Invesco QQQ Trust (QQQ).

Since the start of the year, this exchange-traded fund is up about 15%. That’s almost double the growth of the State Street SPDR S&P 500 Fund (SPY), which we use to measure the broad market.

Two major factors stand out to me here…

First, QQQ currently gets a “very bullish” rating in the Power Gauge. Put simply, our system still sees upside ahead for the fund.

Second, the fund’s Chaikin Money Flow is incredibly strong. In fact, just this past Monday, this measure of “smart money” buying activity on Wall Street hit its highest point in 12 months.

Take a look at the below chart of QQQ with some data from the Power Gauge…Notably, the massive smart-money support is encouraging. An immediate crash for any investment with this much smart money behind it is rare.

Folks, all this isn’t to say that QQQ – or stocks in general – won’t take a breather. Pullbacks are just part of markets. And as we all know, things can change fast. We just saw stocks take a dip yesterday.

But at first glance, the headlines about Burry’s claims might have you think a catastrophic crash in QQQ and tech stocks is right around the corner. And for now, the Power Gauge disagrees.

Good investing,

Vic Lederman

Market View

Major Indexes and Notable Sectors  # HLD:    BULLISH    NEUTRAL      BEARISHDow 30+0.16%716 7S&P 500-0.15%127254 117NASDAQ-0.85%2649 26Small Caps-0.97%552993 318Bonds-0.67% Health Care+1.96%1232 14

— According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are somewhat Bullish. Major indexes are mixed.*  *  *  *

Sector Tracker

Sector movement over the last 5 daysInformation Technology+5.78%Materials+1.18%Industrials+1.13%Real Estate+0.93%Staples+0.45%Health Care+0.38%Communication+0.20%Discretionary+0.19%Financial-0.02%Utilities-2.54%Energy-3.16%*  *  *  *

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Industry Focus

Aerospace & Defense827 5

Over the past 6 months, the Aerospace & Defense subsector (XAR) has outperformed the S&P 500by 6.24%. Its Power Bar ratio which measures future potential is Strong, with more Bullish than Bearish stocks. It is currently ranked #14 of 21subsectors and has moved down 2 slots over the past week.Top StocksATIATI Inc.CWCurtiss-Wright CorporationVVXV2X, Inc.*  *  *  *

rating
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rating
rating
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Top Movers

GainersZBRA+11.44%Q+9.87%HUM+7.69%CNC+5.23%HII+4.98%LosersQCOM-11.46%INTC-6.82%SNDK-6.17%LITE-5.77%SWKS-5.45%*  *  *  *

rating
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Earnings report

Earnings SurprisesQBTS
D-Wave Quantum Inc.Q1$-0.04Beat by $0.04ONON
On Holding AGQ1$0.46Beat by $0.13BRSL
Brightstar Lottery PLCQ1$0.14Missed by $-0.04Q
Qnity Electronics, Inc.Q1$1.08Beat by $0.16RAL
Ralliant CorporationQ1$0.57Beat by $0.08*  *  *  *

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© 2026 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com.

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Chaikin Analytics forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Chaikin Analytics, LLC (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation.

This work is based on SEC filings, current events, interviews, corporate press releases, and what we’ve learned as financial journalists. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility.

This may be your final quiet window

Mark here.

I’ve watched enough manias, booms, and market rotations to know how this usually ends.

At first, almost nobody is paying attention.

Then a few well-informed investors begin to move.

Then the story turns mainstream.

And finally, the public rushes in when the best part of the move is already behind us.

That’s why I want to be very direct with you today:

If you’re interested in the SpaceX-related opportunity I’ve been tracking, do not ignore the June 1 deadline.

That date matters because I believe it may mark the end of a brief period when ordinary investors still have time to position themselves in what I believe is a highly unusual pre-IPO setup.

I believe we are in the final stretch of a quiet accumulation window.

And when that kind of window closes, it tends to close fast.

The reason I’m so focused on this is simple.

The market is obsessed with the obvious name.

I’m focused on the secondary beneficiary.

That’s often where the asymmetry is.

That’s often where informed investors can still get in before the crowd.

And that’s why I want you to review this now, while time is still on your side.

Before June 1, watch my full presentation here<<<

After that, I believe this setup could start attracting much wider attention.

Yours for peace, prosperity, and liberty, AEIOU,

Dr. Mark Skousen
Macroeconomic Strategist, The Oxford Club






Today’s Bonus Content

TFI Earnings Beat: Is This Stock the Freight Recovery King?

Author: Jeffrey Neal Johnson. Posted: 4/30/2026. 

A TFI International branded semi-truck and trailer traveling on a highway.

Key Points

  • TFI International’s Less-Than-Truckload segment experienced a dramatic positive reversal in shipment volumes, signaling a sustainable demand recovery.
  • TFI International is achieving higher revenue per truck by intentionally reducing its fleet size, proving a strong focus on profitability over market share.
  • Following a strong earnings beat and improved guidance, Wall Street analysts are upgrading their ratings and price targets for the company.
  • Special Report: Have $500? Invest in Elon’s AI Masterplan

The transportation sector continues to weather a protracted freight recession, with persistent margin compression and volume headwinds challenging even the most established operators. Against this difficult backdrop, TFI International (NYSE: TFII)delivered first-quarter results that suggest a cyclical bottom may be forming for best-in-class logistics companies. TFI International’s ability to manage operational levers and maintain profitability in a weak market signals a potential turning point, positioning it to capture significant upside as supply chains normalize and industrial activity rebounds.

From Deep Freeze to Spring Thaw

The most compelling evidence of a market shift lies within TFI International’s Less-Than-Truckload (LTL) segment, its largest division by revenue. The segment experienced a dramatic intra-quarter reversal that far outpaced broader market trends. After starting the year with a 10% year-over-year decline in shipment volumes in January, worsened by severe weather, momentum shifted sharply, with March volumes expanding by 8%.

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Management confirmed on its April 27, 2026, earnings call that this positive trend has continued into the second quarter, suggesting the demand inflection is not just a temporary rebound, but the start of a more sustainable recovery.

This volume inflection is the direct catalyst behind management’s aggressive forward guidance. TFI expects a sequential improvement of 400–500 basis points in its consolidated operating ratio (OR) for Q2. The LTL segment is forecast to lead that improvement with a remarkable 600–700 basis-point sequential OR gain.

As volumes return, TFI International’s leaner cost structure and improved network density should allow a larger share of revenue to flow through to operating income. This improvement is further supported by the delayed implementation of a general rate increase (GRI) in mid-March, which should provide a pricing tailwind through the second quarter. While TFI International’s service levels are still being refined to match industry leaders, the volume recovery gives it the operational leverage needed to become more selective with freight and begin closing the pricing gap with peers.

The Art of Shrinking to Grow

While the LTL segment shows signs of a volume recovery, the Truckload division demonstrates the value of disciplined fleet management and a strategic market focus. TFI grew its revenue per truck per week, excluding fuel surcharges, by 8.6% in the first quarter. This was accomplished while simultaneously reducing its total truck count by 7.1%.

This dynamic of running fewer assets while generating higher revenue per unit is a clear sign of a management team focused on productivity and profitability over sheer market share. It reflects a cultural shift, particularly within the legacy Daseke operations, from being good truckers to being good businessmen who prioritize return on invested capital.

This operational discipline is translating directly into pricing power, particularly in TFI International’s industrial-focused end markets. Management noted that recent U.S. flatbed contract renewals are coming in at high-single to low-double-digit increases. This pricing strength is partially driven by tightening capacity across the U.S. and Canada, as regulatory actions have removed unsafe and non-compliant operators from the market. By focusing on industrial freight, such as the rapidly growing logistics for data center construction, which grew from $8 million to $21 million in revenue year over year, TFI insulates itself from the volatility of retail-centric freight and aligns with a potential North American industrial renaissance.

The Political Risk Masking TFI’s True Potential

Despite the strong quarterly performance and optimistic Q2 outlook, management has refrained from issuing full-year 2026 guidance. This caution is primarily tied to geopolitical and macroeconomic uncertainty, specifically the mandatory joint review of the USMCA (CUSMA) trade agreement scheduled for July 2026. This event creates a certainty cliff for cross-border freight, a highly profitable business for TFI. While this presents a near-term risk that tempers full-year forecasts, it also creates a coiled-spring scenario. A smooth and favorable resolution to the trade pact review would likely trigger a significant relief rally and force analysts to revise full-year estimates upward.

TFI International’s capital allocation strategy underscores its internal confidence. Within the earnings report, the board approved a 4% increasein the quarterly dividend to 47 cents per share. This move came even as Q1 free cash flow declined year over year to $123.7 million, a dip management attributed to a temporary working capital distortion due to the timing of fuel payments. Raising the dividend against this backdrop signals confidence in the sustainability of future cash flows and a commitment to returning capital to shareholders throughout the economic cycle.

TFI International Charts a New Course

The first-quarter earnings beat and strong guidance were major catalysts for TFI International, sending shares to a new 52-week high on heavy volume. The stock’s performance reflects the emerging narrative, with a year-to-date return of over 35%.

Sell-side analysts have moved quickly to validate the thesis. Following the report, Bank of America (NYSE: BAC) upgraded the stock from Neutral to Buy and raised its price target to a street-high $161. The current consensus rating stands at Moderate Buy, reflecting a mix of bullish outlooks and some analysts waiting for further confirmation of the recovery.

Investors seeking exposure to the freight cycle may find TFI International’s demonstrated operational control a compelling reason to add the stock to their watchlist. While macroeconomic risks tied to trade policy and fuel costs persist, TFI International’s ability to drive a margin inflection before a full-blown market recovery sets it apart. Those with a higher risk tolerance might view the current momentum as the beginning of a sustained cyclical upswing, whereas more cautious investors may prefer to wait for a potential consolidation before establishing a position.


Today’s Bonus Content

MercadoLibre Boldly Invests in Growth: Discount Deepens

Author: Thomas Hughes. Posted: 5/11/2026. 

The Mercado Libre logo overlaid on a delivery truck filled with stacked cardboard shipping packages.

Key Points

  • MercadoLibre’s strategy, which works, is also a hindrance as it involves significant upfront investment to drive profitable growth.
  • Growth outperforms, reaching a hyperpace in Q1 as efforts gain traction.
  • Analysts trimmed targets in Q2 2026 but continue to rate it as a Moderate Buy with a 50% upside potential.
  • Special Report: Have $500? Invest in Elon’s AI Masterplan

MercadoLibre (NASDAQ: MELI) reported a robust Q1 result, but there was one issue: margins contracted, and guidance suggests that pressure will continue. That has left some investors feeling a bit squeamish.

However, this company has long followed a spend-first, grow-later model while building out its robust Latin American eCommerce empire. Spending has been focused on its ecosystem, fulfillment network, merchants, and consumer acquisition.

Ticker Revealed: Pre-IPO Access to “Next Elon Musk” Company (Ad)

We’ve found The Next Elon Musk… and what we believe to be the next Tesla. 

It’s already racked up $26 billion in government contracts.

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The net result is continued growth that remains impressive, while spending can be controlled over time. This stock is moving lower on emotion, not fundamentals, and appears to be setting up for a solid rebound in the near future. According to CFO Martín de los Santos, the impact is profitable. 

While spending is up, it is by choice and offset by declining operating costs in maturing markets.

MercadoLibre Outperforms in Q1, Metrics Point to Acceleration

MercadoLibre had a solid Q1 2026, with revenue growing by nearly 50% to $8.85 billion. The top line beat MarketBeat’s consensus estimate by more than 625 basis points (bps), with strength across the platform. Brazil was mentioned several times in the report, but gains were also made in Mexico and other key growth markets as the company improves penetration and takes share from traditional retailers.

Internal metrics point to further acceleration. On the commerce side, total payment volume increased by 50%, items sold rose by 47%, and items per client increased by 16%. On the fintech side, the company’s credit portfolio grew by 87% as consumers leaned into card services, monthly active users increased by 29%, and assets under management rose by 77%.

Even the margin news wasn’t entirely negative. The company reported another contraction, but revenue strength helped offset the weakness. The result was $8.23 in GAAP earnings, 3 cents better than expected, with revenue strength expected to continue. Assuming the 2026 spending plans deliver the same results as in the past, the likely outcome is that MELI continues to drive hypergrowth and cash flow across its network, outperforming on a quarterly basis.

Analysts’ Sentiment Weighs on Market: Rebound Potential Improves

The analyst reaction was to be expected, with numerous price-target cuts following the release. Trends are pointing to the low end, but even that still offers some upside for the stock, with as much as 50% upside possible at the consensus target. The market will likely struggle to gain traction until analyst trends improve. Until then, the group of 19 analysts MarketBeat tracks rates MELI as a Moderate Buy with 78% Buy-side bias, and institutions to which the analysts cater are buying.

Data show institutions owning nearly 90% of MercadoLibre stock and buying on balance over the trailing 12 months. Their activity ramped sequentially into Q1 2026, only pausing in early Q2 to wait for the release. The likely outcome is that institutions continue accumulating on balance, as the fundamental story has only strengthened. MELI will likely slow spending in the coming years, improve its margins, and generate considerable cash flow for investors over time.

MercadoLibre’s balance sheet presents no red flags. The company is well-capitalized, has little to no significant long-term debt, and improving equity. The biggest risk is execution, but that appears limited at this time, though there are still hurdles to cross. The company’s rapid credit portfolio expansion exposes it to rising consumer risk, as evidenced by growing debt write-offs, and there is concern that the situation could worsen.

MELI Stock Sets Fresh Low: Oversold and Ready to Rebound

MELI’s stock price action moved lower and set a fresh low following the release, but indicators including MACD and stochastic suggest the downtrend is nearing an end. They diverge from the lows, highlighting underlying market strength and suggesting the bulls are regaining control. The risk is that MELI continues to move lower, potentially hitting $1,400 before the bottom is in. MELI stock will likely hit fresh highs once its rebound begins, underpinned by an expanded marketplace, improved penetration, and margin improvement.

MELI moving lower overextending, ready to rebound.

Catalysts include the rapidly expanding fulfillment center network and lower thresholds for free shipping. The combination is driving profitable scale, as revenue leverage offsets the increased cost and improves consumer satisfaction and ongoing business. The company plans to add more than a dozen centers in its core market by year-end. Fintech is another catalyst, with the company’s portfolio and services integration driving growth. Mercado Pago, the fintech arm, is transitioning from a mere payment platform into a full-service fintech capable of self-sustaining operational growth.

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