AMD’s Earnings Pullback: Bulls’ Entry Point Emerges

URGENT: Trump Just Triggered AI’s Biggest Disruption Yet (From Eagle Publishing)

AMD’s Post-Earnings Dip Looks Like the Buying Window Bulls Wanted

Written by Thomas Hughes on February 4, 2026

Key Takeaways

AMD’s post-earnings dip reflects “whisper number” disappointment, not weak fundamentals, as results and guidance still topped consensus.
The next major catalyst is Helios rack-scale and MI450 execution later this year, which could unlock the growth the market is waiting for.
Analyst sentiment stayed constructive, and the stock appears to be consolidating above key support with meaningful upside if data center momentum re-accelerates.

Advanced Micro Devices’ (NASDAQ: AMD)share price dipped more than 5% following its Q4 2025 earnings report, opening a screaming buying opportunity because it missed the analysts’ highest mark. Although results were better than the consensus, whisper numbers were pricing in gains that won’t come until later this year, highlighting another issue with the report. While MI450 and Helios’ rack-scale solutions were mentioned, the details were understated relative to robust market expectations and left retail traders wanting more.

Smart money traders, as represented by the analysts, responded differently. The first revisions tracked by MarketBeat include numerous reaffirmed ratings and price targets, as well as a few price target increases focused on the future. The future includes the launch of Helios’ rack-scale solutions in the back half of the current fiscal year, which will drive significant growth acceleration.

CEO Lisa Su says the data center business could grow to tens of billions annually (a conservative figure based on demand trends and NVIDIA (NASDAQ: NVDA) results), setting the stage for triple-digit revenue growth despite the company’s forecasts of only high-double-digit growth.

The catalyst for higher AMD share prices that the market has been waiting for is still ahead, and its potential to move the market increases day by day. Most analysts’ targets place AMD stock between $280 and $300, indicating a 40% to 50% upside from the key support level and potentially reaching a new all-time high. A move to new highs would be a bullish indicator, suggesting a move to the high-end of the target range near $380 for a nearly 100% gain is likely.

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Advanced Micro Devices’ Blowout Quarter and Guidance Drive Value

Advanced Micro Devices had a blowout quarter, with revenue growing by nearly 34%to $10.3 billion, beating expectations by more than 650 basis points. The strength was underpinned by the Datacenter segment, which grew by 39%, but all segments reported growth. The weakest link is Embedded, which grew at a low single-digit rate, but it is expected to improve as the year progresses. The Client & Gaming segment also grew at a high 30% pace. Within the Datacenter business, strength was reported in GPU and CPU sales.

Margin news is more impressive. The company’s revenue leverage and operational quality drove significant margin strength, leaving operating income, net income, and free cash flow at record levels, along with revenue. Critical details include $1.53 in adjusted earnings, up 40% year-over-year (YOY) and more than 1500 bps better than forecast, and free cash flow of $2.1 billion.

The Q1 2026 guidance aligns with the Q4 results, being well-above forecasts yet not quite giving the market what it wanted. That said, the company anticipates a seasonally expected slowdown to only 32% YOY growth, 420 bps above forecasts, with earnings tracking along with it. Regarding Helios and MI450, the launch is still expected in the second half of the year, and the production ramp is expected by Q3. Early deliveries will focus on rack-scale business, including OpenAI and Oracle (NYSE: ORCL).

Advanced Micro Devices Consolidates for Next Move

Advanced Micro Devices’ price action has been volatile since Q3 2025. However, the chart action reveals a market consolidating above critical resistance, now support, setting up for the next big move. This will probably begin later in the year as news about MI450 speeds up; the only uncertainty is how severe a price drop might occur in the first half. Based on the analyst and institutional trends, a move below critical support near $200 is not expected.

Read this article online ›

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🎧 Landmark Trans Surgery Verdict Marks a Turning Point

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First-Ever Silver “Double Eagle” —- Just 500,000 Struck

Eagle Financial Publications

Below please find a special message from one of our sponsors, Rarcoa. From time to time we find special opportunities we believe you as a valued customer may want to see. Please note that the following message reflects the opinions and representations of our sponsor alone, and not necessarily the opinion or editorial positions of Eagle Financial Publications or Salem Media.

EAGLE PUBLISHING MEMBER UPDATE

First-Ever American Silver “Double Eagle”

A brand-new bullion event: two eagles + one of the lowest mintages in Silver Eagle history.

Dear Eagle Publishing Member,

For nearly 40 years, the American Silver Eagle has dominated the silver market.

Now the U.S. Mint has released something entirely new.

Two Eagles. One Coin.

For the first time ever, a Silver Eagle carries two eagles—one on the reverse and a special eagle privy on the obverse—creating the first-ever American Silver “Double Eagle.”

Even more notable:

This coin is tied for the lowest mintage bullion Silver Eagle in history—just 500,000 coins, compared to the millions typically struck.
The first 50,000 coins were released early and certified with a special pedigree collectors already pay significant premiums for—especially in flawless MS70 condition.
A limited number of these “One of First 50,000 Issued” Silver Eagles are now being made available to Eagle Publishing members at a preferred price.

This is a true first.
A true low-mintage event.
And collectors are already chasing.Click Here for Full Details

If the button doesn’t work, copy and paste this link into your browser:
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From the desk of
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President, Rarcoa

P.S. Once these are gone, there will be no replacements. The mintage is fixed—and the market is already responding.

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Psalm 139:7 – God’s Omnipresence and Positive Power

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Psalm 139:7

(7) Where can I go from Your Spirit?
Or where can I flee from Your presence?

New King James Version Change email Bible version

The psalmist does not really want to flee. He is posing ideas and questions so that we can see that wherever we are, we are always under God’s scrutiny. God is a positive spirit. Everything that He creates has positive function and beauty. His intention in everything for us is always positive, right, and good. He does everything in love and concern for our well-being so that we will fit within His purpose, and it will be worked out in our lives. Psalms 139 contains no negative connotations.

From this, because His mind permeates the entirety of His creation, we ought to derive great confidence that God is always with us. He is omnipotent. He is omnipresent. He is actively using His powers, His Spirit, to govern and manage His creation.

The beginning of the source of all power is in the mind. Remember, man is in God’s image. A man may make tools to intensify his powers, but the real power is in the mind because without it, he would not be able to create the tool that expands his powers.

God’s Holy Spirit is the essence of His mind. Just like a man, His power resides there too, only He does not have to use steam shovels and power tools to get things done. He speaks, and the laws He has created go to work. The tool by which He carries everything out is His Spirit, the essence of His mind.

— John W. Ritenbaugh

To learn more, see:
The Right Use of Power

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The Patient Investor’s Guide To Playing Silver’s Wild Swings

I’d rather miss a bounce than catch a falling knife. Especially when that knife just dropped 30% in a single session.

Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance

Karim Rahemtulla

I’m known for being a metals guy.

I got people into gold and silver years ago. I made a fortune in Seabridge. I bought Hecla under $3 and watched it climb to $23.

So when silver crashed nearly 30% last Friday, my phone started buzzing. Friends, subscribers, neighbors – all asking the same question: “Is this the dip to buy?”

Silver’s sitting at $80 after touching $115 just days ago. Down 30% in one session. Looks like a bargain, right?

Not to me.

Look, my situation is different. I’m playing with house money on these positions. When Hecla swings 20% in a day, I’m not losing sleep. My cost basis is $2.90.

But if I were putting fresh capital to work today? Different story entirely.

People who completely ignored precious metals for years now want to “buy the dip” at $80 silver. These are the same folks who thought I was nuts accumulating miners when nobody cared about the sector.

Now they want in after a 300%+ run, just because it pulled back 30% from the peak.

That’s not value investing. That’s trying to catch a falling knife.

Silver in the $40s – that’s where I’d consider backing up the truck with new money. Maybe. Gold around $3,000 on a real correction.

Will we get there? Who knows. Silver could bounce tomorrow and never see those levels again. Or it could keep bleeding for months.

But I’d rather miss a bounce than catch a falling knife. Especially when that knife just dropped 30% in a single session.

When I bought Hecla at $2.90, people laughed. “Dead money sector.” “Gold bugs living in the past.” I bought anyway because the risk-reward was obvious.

At $86 silver after a face-ripping rally? The risk-reward doesn’t work for fresh money. You’re hoping to time the bottom of a correction in something that just went parabolic.

That’s speculation, not investing.

Your Action Plan

Friday’s sell-off was scary, and a reminder of how volatile silver can get. But if prices can stabilize – and so far this week they have – you could start to look at some miners for potential short put trades.

That’s when you pick a level you’d like to buy the stock and if it drops there, you get assigned shares. And if it doesn’t, you collect the premiums.

It’s a way to get paid while you wait for your spots. And if you do get assigned, you’re buying at levels you already decided made sense.

Just remember – even with puts, don’t get greedy. Pick strikes where you’d actually want to own the stock long-term, not just because the premium looks juicy.

The volatility is your friend when you’re selling options. Use it.

And if silver were to shoot back up to $115 or more, which is entirely possible, I’d look to short again.

A 50% Collapse After the Power Gauge Signaled Caution

By Ethan Goldman, junior analyst, Chaikin AnalyticsAs Marc Chaikin has often said, the only thing more important than the stocks you own is the stocks you don’t own…

Everyone wants to find stocks poised to soar. But for long-term investing success, it’s also critical to avoid the traps.

And once again, I have the Power Gauge to thank for spotting another breakdown in a popular stock…

Back in October, I noticed that the Power Gauge changed its tune on video-game platform Roblox (RBLX).

As I said at the time, Roblox had soared by an incredible 206% over the past 12 months.

Naturally, the Power Gauge rated the stock as “bullish” during the bulk of that growth.

However, I also shared Roblox’s history of rapid growth and losses…

The stock grew 94% in the eight months after the company went public. Then, it collapsed by 83% over the following six months.

Folks, this isn’t ancient history for Roblox. The stock went public a little less than five years ago…

As you’ll recall from my October essay, I said the “smart money” on Wall Street supported Roblox through its second wave of growth. And the Power Gauge saw that support reverse in late 2025.

Given Roblox’s volatile history and warnings from the Power Gauge, it wasn’t hard to predict what the stock was about to do…Recommended Links:

Breaking: Potential to 6X the Stock Market

Two world-class analysts from our corporate affiliate Altimetry say it’s the single best opportunity they’ve seen in decades – a chance to 6X nearly every stock in the markets… with the risk profile of buying U.S. Treasurys. But it will disappear quickly. Find the details here.

Why Do Oil Companies LOVE This New ‘Woke’ Energy?

Here’s a shocking turn – Big Oil is lining up behind a new kind of clean energy in a BIG way. And they’re not doing it just to pander to environmentalists. Thanks to a breakthrough discovery, it turns out this new energy source is virtually limitless… It’s found right here in America, beneath our feet… And the oil companies are in a perfect position to extract it. Stansberry Research launched a 2,125-mile scouting mission to get the details. Get the full story here – you won’t hear this anywhere else, but this could make some people obscenely rich.

The Smart Money Flees Roblox as Its Share Price Sinks

Since that October 13 PowerFeed issue, Roblox is down about 50%. And the big-name investors on Wall Street kept moving their money out of the stock.

Take a look at the chart below…You’ll see that Roblox’s stock plummeted in late October. By the end of the month, its relative strength versus the S&P 500 Index turned negative.

As Roblox continued to fall, the Power Gauge flashed sell alerts for the stock. The first one came on December 10, 2025. That’s right around when Roblox fell into “bearish” territory in our system.

As you can see, the stock kept falling after the rating change. Today, Roblox still earns a negative overall grade in the Power Gauge.

Remember, Roblox lost 83% of its value the first time it plunged. Considering the “bearish” rating right now, I won’t be surprised to see the stock continue to fall.

Of course, I also said the stock has a history of rapid gains as well. But the video-game industry recently caught a new headwind that could postpone another spike in value for Roblox…

A Tech Titan Sows Chaos in Video-Game Industry

Last Thursday, Alphabet’s (GOOGL) Google rolled out access to a new AI model. It calls this new model Genie 3.

Here’s the exact description from the Genie 3 website…

Genie 3 is a general-purpose world model. It uses simple text descriptions to generate photorealistic environments that can be explored in real-time.
Put simply, Genie 3 is a major step in AI use in video-game development. Google even touts it as a “key stepping stone on the path to AGI [artificial general intelligence].”

AGI is a way to describe an AI model that can match humans at anything.

Of course, that means video-game development as well.

Genie 3 does have some limitations. But its release further spooked Roblox’s investors…

The stock dropped 13% in a single day after the Genie 3 announcement. Other video-game stocks also took a major hit…

Take-Two Interactive Software (TTWO) dropped about 8%. And Unity Software (U) – which creates software for game developers – collapsed by roughly 24%.

We saw how fast AI advanced in 2025. And it’s impossible to fully predict what the future of the technology holds.

But when it comes to Roblox’s stock, we don’t need to take wild guesses…

The Power Gauge previously flashed clear warning signs. And it’s still saying to avoid the stock right now.

Good investing,

Ethan Goldman

Editor’s note: If you don’t already have access to the Power Gauge, you can get it as part of a special offer for Marc’s Power Gauge Report newsletter…

This offer includes a full year of access to our one-of-a-kind system – and its ratings and data on more than 5,000 stocks. Plus, you’ll be fully protected by our 30-day, 100% money-back guarantee.

If you aren’t already a Power Gauge Reportsubscriber, get the full details on this special offer by clicking here.

Market View

Major Indexes and Notable Sectors # HLD: BULLISH NEUTRAL BEARISHDow 30

+0.5%918 3S&P 500

-0.48%114294 92Nasdaq

-1.75%2254 29Small Caps

-0.86%648928 311Bonds

-0.25%Materials

+2.35%520 1

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

Sector Tracker

Sector movement over the last 5 daysConsumer Staples+5.67%Energy+5.55%Materials+3.88%Industrials+3.2%Financial+1.83%Real Estate+1.49%Health Care+1.11%Communication+0.04%Utilities-0.58%Consumer Discretionary-1.37%Information Technology-7.44%* * * *

Industry Focus

NYSE Technology Services10227

Over the past 6 months, the NYSE Technology subsector (XNTK) has outperformed the S&P 500by +3.78%. 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 1 slot over the past week.Top Stocks rating GOOGLAlphabet Inc. rating AMATApplied Materials, I rating ASMLASML Holding N.V.* * * *

Top Movers

Gainers rating SMCI+13.78% rating FTV+10.63% rating LLY+10.33% rating ODFL+9.89% rating CDW+9.45%Losers rating BSX-17.59% rating AMD-17.31% rating APP-16.12% rating SNDK-15.95% rating PLTR-11.62%* * * *

Earnings Report

Earnings Surprises rating FOXA
Fox Corporation Q2 $0.82 Beat by $0.30 rating MKL
Markel Group Inc. Q4 $37.41 Beat by $11.68 rating ALL
The Allstate Corporation Q4 $14.31 Beat by $4.45 rating PTC
PTC Inc. Q1 $1.92 Beat by $0.36 rating ESS
Essex Property Trust, Inc. Q4 $1.25 Missed by $-0.22* * * *

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For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. – 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized financial advice.

© 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.

Any brokers mentioned constitute a partial list of available brokers and is for your information only. Chaikin Analytics, LLC, does not recommend or endorse any brokers, dealers, or investment advisors.

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.

Encanterra Golf Team Updates

View in your browser #MYTRILOGYLIFE Encanterra® Encanterra Golf Team Updates Feb 5, 2026

We loved the response!We had such an amazing response to last week’s Couple’s Camp, thank you to everyone who got in touch.

So many of you loved the idea of a Couple’s Camp on Valentine’s Day that we’ve now opened an additional Couple’s Camp, plus a brand new one-day Golf Camp for anyone who wants to improve their game, have some fun, and meet new people.

It’s great to see so many golfers keen to get involved and make the most of the season.

And while we’re at it, we’d love to hear from you. If there are any other types of events or programs you’d like to see over the next few months, let us know. This is your season too, so help us shape it!

What would you like at Encanterra?February Coaching OpportunitiesPractice with a ProPractice with purpose in a supervised, social environment. A great supplement to private coaching or a fun way to sharpen skills while meeting other golfers.

• Sunday, February 8th | 11:00am to 12:00pm | $25
• Sunday, February 15th | 11:00am to 12:00pm | $25Golf Camps for ALL!Join us for one of our fun and social one-day golf camps. Whether you are coming with a partner or joining solo, these camps offer three hours of coaching across all areas of the game, followed by lunch as a group.

Couple’s Camp
Learn and improve together in a relaxed environment.

• Saturday | February 14th
• 9:00am to 1:00pm | $120 per person
Bring your own clubs. Lunch included.

Golf Camp
Open to all golfers looking to improve and meet new people.

• Saturday | February 28th
• 9:00am to 1:00pm | $120 per person
Bring your own clubs. Lunch included.Becoming a Short Game WizardMaster the shots that save strokes. Learn chips, pitches, lobs, bunker shots, and creative scoring shots from around the green.

• Fridays | February 6th, 13th, 20th, and 27th
• 12:30 to 1:45pm | $100 (4-week program)Brush the TurfWhat if four practice sessions could save you shots in every round through spring and summer?

The leading edge of a wedge loses many golfers several shots a round. On chip shots it either digs into the turf before the ball or rises too early and the ball is thinned through the green. The sole of the wedge is not “kissing” or brushing the turf. Practice hitting chip shots with a one-handed grip on the club. Using just your trail hand (right hand for right-handers), choke down the grip. Take some practice strokes. Notice how little the butt of the club moves. Can you feel how much the club head moves? Hit balls one-handed like that. Limit the butt-end movement and allow the club head to swing through. Concentrate on the feeling of your hand action, the club head movement, and the way that the sole brushes the turf. Now put both hands on the club and work to repeat the feeling. Make the game easierMake this practice drill part of a regular session that you complete each week. Get this right, and the game becomes much easier around the green. Please send me any questions or queries regarding your practice.

I have a queryWhat if you could be
10 shots better?Does your short game
hold the key to that?
The difference between good enough and great can often be found in the final 40 yards. How would you score in these five challenges?

Learn more now

See you on the Course!

Your Encanterra Country Club Golf Team

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The Great Migration: Wall Street Swaps Big Tech for Broader Growth

EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!

Hello Peter Anthony Hovis,

The Great Migration: Wall Street Swaps Big Tech for Broader Growth

The story of today’s trading session was not one of total retreat, but of a calculated migration. As the closing bell echoed across Wall Street, the narrative was clear: the “all-weather” tech giants are no longer the only game in town.

Once again, investors spent yesterday’s trading session aggressively rotating capital out of the mega-cap technology stars and into a broader, more diverse landscape of companies poised to catch the tailwinds of improving economic growth.

While the Nasdaq 100 endured a sharp 1.8% slide (its steepest two-day rout since last October), the broader market showed a resilient, hidden strength. Under the surface of a mildly lower S&P 500, which fell 0.5%, the majority of individual shares actually trended upward.

It was a huge signal of a healthy broadening of market leadership.

The day’s center stage belonged to Alphabet, which delivered a financial blockbuster that simultaneously wowed and worried the Street.

The Google parent shattered expectations by reporting fourth-quarter revenue of $97.23 billion, comfortably ahead of the $95.2 billion analysts had penciled in. The engine behind this growth was a surge in Google Cloud revenue, which hit $17.7 billion, and an “expansionary moment” in search driven by generative AI.

(Photo: Camille Cohen | Afp | Getty Images)

However, the price of staying at the top is steep; Alphabet revealed a staggering capital expenditure plan of up to $185 billion for the year to build out the necessary AI infrastructure.

“We’re seeing our AI investments and infrastructure drive revenue and growth across the board,” remarked CEO Sundar Pichai. “Search saw more usage than ever before, with AI continuing to drive an expansionary moment.”

Despite the stellar numbers, Alphabet’s shares initially tumbled over 7.5% in after-market trading as investors grappled with the sheer scale of the spending required to fend off rivals like OpenAI.

This anxiety bled into the broader software sector, which has been “decimated” recently by fears that AI will cannibalize traditional business models. The iShares Expanded Tech-Software Sector ETF slid 1.8% yesterday, bringing its total decline to over 25% since its October peak.

The semiconductor space proved to be the most volatile theater of the day.

Arm Holdings Plc saw its shares crater by more than 8% after a disappointing sales forecast for the upcoming quarter. While Arm’s current royalty revenue hit a record $737 million thanks to its pivot toward data centers, the ghost of a slowing smartphone market continues to haunt its outlook.

Licensing revenue—a key indicator of future demand—fell short of projections at $505 million, fueling concerns that the mobile-heavy past is still tethering the company’s AI-heavy future.

The pessimism was infectious.

Advanced Micro Devices suffered its worst rout in nearly nine years, plunging 17% on a forecast that failed to satisfy high-flying expectations. Even Qualcomm, despite beating earnings with a record $12.25 billion in revenue, offered a tepid forecast that underscored a “shaky” phone market.

“Software stocks are being decimated as worries permeate over whether AI will cannibalize their businesses,” noted Bret Kenwell at eToro.
“Right now, investors are not asking themselves where the value is. Instead, they’re throwing out all software stocks—even as many top firms within this space are doing just fine.”

Bret Kenwell at eToro (Photo: CoinDesk)

Beyond the tech volatility, the broader economic and geopolitical picture offered moments of calm. Oil prices ticked higher amidst conflicting reports on U.S.-Iran nuclear talks, which briefly hit a snag before appearing to get back on track. This development helped stocks pare their earlier, deeper losses.

On the domestic front, U.S. service providers reported their strongest back-to-back growth since 2024, a “Goldilocks” signal suggesting the economy remains solid despite a cooling labor market.

The day ended with a clear message: the market is not breaking, it is rebalancing.

As quantitative momentum strategies took a 3.7% hit and Bitcoin slumped 4.6% to $72,627, the “equal-weighted” S&P 500 actually rose 0.9%. This shift from tech-heavy concentration toward financials, healthcare, and small caps suggests that while the AI hype is being “priced more carefully,” the underlying economic engine is still humming.

“This is a rotation, not a rupture,” concluded Mark Hackett at Nationwide. “Seeing that shift near record highs highlights the market’s underlying strength.”

At the same time, the Nasdaq 100 recently breached a key technical level of the 100-da moving average. It has served as the support line for the last three dips. Investors will watch if it breaks down further or not.

(Source: Bloomberg)

The Free Cash Flow Machine Hitting a 24-Quarter Streak

Today’s Stock Pick: CNX Resources Corporation (CNX)

CNX Resources has been around for over 160 years, but today they operate as a pure-play natural gas company.

What they actually do is pull gas out of the ground from the Marcellus and Utica shales—two of the biggest gas fields in the world—and then use their own massive network of pipelines and processing plants to move that gas to market.

CNX has built a bit of a reputation for being obsessed with “free cash flow” and “per-share value.”

(Source: Paul J. Gough/PBT)

Instead of just drilling as many wells as possible to grow for growth’s sake, they focus on being the low-cost leader in their region. They’ve managed to string together 24 consecutive quarters of positive free cash flow as of early 2026, which is a massive feat in a commodity business where prices can be all over the place.

Sure enough, the company is a Free Cash Flow beast. How much are we talking about? The company expects to a whopping 11% in FCF yield this year! And it has a share repurchase authorization that would be capable of buying about 45% of its current market cap.

“The fourth quarter represented our 24th consecutive quarter of free cash flow generation, highlighting our Sustainable Business Model and consistent execution that are the cornerstones of growing our long-term per share value,” commented Alan Shepard, President & CEO.
“We continue to believe that our share repurchase program represents a compelling capital allocation opportunity, and as such, we are announcing an additional $2 billion share repurchase authorization, with no expiration. This new authorization increases our total authorized repurchase capacity to $2.4 billion, which represents approximately 45% of our current equity capitalization.”

(Source: CNX Resources)

The company projected a big 32% CAGR for FCF per share from 2020 to 2026. What’s more, the FCF per share is expected to double in 2026 from 2022. Will the company achieve this ambitious goal?

We don’t know, but the margin of safety is massive with this stock.

Disciplined production: In the past, shale operators would chase growth at all costs. Not anymore. Many of them become disciplined and maintain stable production levels during the boom year in 2022. That’s difficult to resist – it’d be a quick buck to boost production and earn profits on these elevated prices.

But with the production level being stable, CNX Resources will have ample room to generate high FCF since it didn’t take on too much of fixed costs, even with natural gas prices coming back to Earth.

Not only that, its TTM leverage ratio is safe at 1.9x.

Bottom line: CNX Resources is all about free cash flow, and its yield is expected to post ~13% this year. Many of them would go to shareholders, so it would represent a double-digit return if we combine revenue growth and share buybacks. It is a good stock to own for reliable returns.

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The copper squeeze setup for 2026

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Copper Still Offers Substantial Upside Opportunity

Copper demand isn’t just “healthy” — it’s increasingly structural. The metal sits at the center of three long-duration megatrends that don’t care much about quarterly noise: grid expansion, electrification (EVs and charging), and the buildout of data centers that power artificial intelligence.

That’s why major miners are racing to increase copper exposure. The logic is straightforward: copper is difficult to substitute at scale in most high-voltage and high-reliability applications, and new supply is slow, capital-intensive, and politically complicated to bring online. The result is a market that can flip from “fine” to “tight” quickly — and stay tight longer than most investors expect.

The demand curve is bending higher

BHP estimates global copper demand will rise around 70% by 2050, reaching over 50 million tonnes per year. That’s a massive step-up for a market where bringing on new capacity often takes a decade (or more) from discovery to meaningful production.

AI is a particularly powerful accelerator because it’s not just “more servers.” It’s more power generation, more transmission, more transformers, more cooling infrastructure — and copper threads through all of it. BHP also estimates the copper used in data centers globally will grow six-fold by 2050, from roughly 0.5 million tonnes per year to ~3 million tonnes. Even if adoption comes in below the most aggressive forecasts, the direction is clear: the baseline demand trajectory is rising.

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The supply side is the real problem

On the supply side, the copper industry faces the same constraints investors have seen across critical minerals:

Declining ore grades (more rock moved for the same metal output)
Long development timelines and permitting risk
Higher capex and operating costs
Geopolitical and regulatory complexity in key producing regions

BloombergNEF has warned that meeting net-zero-aligned raw material demand implies enormous capital needs; BloombergNEF’s own press materials highlight the scale of the investment gap across transition metals. In short: even if copper prices rise, supply doesn’t respond quickly — which is exactly how you get sustained bull phases.

Market structure is confirming the stress

One of the most important tells in commodities isn’t a headline — it’s term structure.

Copper recently showed historic backwardation, where near-dated contracts trade above longer-dated ones — typically signaling tight prompt supply and urgent demand for deliverable metal. MINING.comattributes this squeeze to rapidly falling inventories, tariff-related trade flows, and stress in smelter economics. When backwardation deepens, it often forces physical market participants to pay up “right now,” which can keep prices supported even as sentiment swings.

Price forecasts are moving up — and volatility is the admission price

You’re also seeing higher price targets from major firms as supply risks stack up. For example, Barron’s reported that a Citi analyst cited expectations for a copper rally toward $12,000/ton in early 2026 as part of a bullish view on the space.

That said, copper is still cyclical and sentiment-driven in the short run. China demand headlines, dollar moves, growth scares, and policy/tariff uncertainty can all produce sharp pullbacks. The key is aligning the vehicle with your risk tolerance — and focusing on structures that can survive the volatility.

TrendLabs

This is the Exact Moment the AI Boom Will End…

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• The Roaring ’20s
• The dot-com boom
• The housing bubble
• The post-COVID recovery

It’s now flashing again — this time for AI.

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Two practical ways to gain copper exposure

Below are two “clean” ways to position for copper upside — one through a high-quality bellwether miner and one through diversified exposure.

Company: Freeport-McMoRan (SYM: FCX)
The liquid “bellwether” miner with meaningful copper torque

Freeport-McMoRan is a classic way to express a bullish copper view without needing to trade futures. When copper prices rise, miners can experience operating leverage: revenue rises with the commodity, while many costs don’t rise as quickly, potentially expanding margins and free cash flow.

Fundamentally, Freeport has also been executing. In Q3 2025, the company posted EPS of $0.50 and revenue of $6.97 billion, beating consensus expectations, with revenue up 2.7% year over year.

On the analyst front, HSBC upgraded Freeport-McMoRan to Buy and raised its price target to $50 (from $43) amid stronger copper and gold price assumptions, according to an Investing.com note carried by Yahoo Finance.

Trading takeaway: FCX is already extended after a powerful move (it’s around $60.76). For disciplined positioning, it often pays to scaleentries (rather than chase), and use volatility to your advantage.

ETF: Global X Copper Miners ETF (SYM: COPX)
A diversified basket of copper miners to spread single-stock risk

If you want copper exposure without tying your outcome to one company’s mine plan, jurisdiction, or quarterly execution, COPX is a straightforward approach.

COPX’s mandate is to provide broad access to copper mining companies, giving you sector-level exposure in a single trade. The ETF’s total expense ratio is 0.65%.

Trading takeaway: COPX tends to move with copper, but company-specific factors (cost inflation, politics, mine disruptions) can amplify moves in both directions. Still, diversification can reduce the “one headline breaks the trade” risk that comes with single names. COPX last traded around $85.21.

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Its platform empowers marketers to automate critical campaigns and analytics while scaling faster than competitors, earning a coveted Zacks Rank #2 (Buy) and placing BNZI in the top 20% of all Zacks-rated stocks.

Analysts’ growing confidence and institutional investor interest underscore that this is a company poised for significant near-term upside.

BNZI’s momentum is further amplified by its acquisition of Superblocks, an AI agent platform that allows users to generate launch-ready websites, landing pages, and web apps from conversational commands—fully SEO optimized and brand compliant.

By combining this with its existing tools for video, webinars, and marketing automation, BNZI is creating an integrated AI ecosystem that makes marketers’ jobs faster, smarter, and more profitable.

See how BNZI is transforming AI-powered marketing into a high-growth, scalable business with real results that investors cannot ignore!

Are there any other copper stocks you’ve got your eye on right now? What other sectors of the market are you currently interested in? Hit “reply” to this email and let us know your thoughts!

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