Heard on the Street

The first word on what Wall Street is talking about.

[Heard on the Street @WSJheard]

Some dream of a cancer-detection "holy grail" -- the ability to test for a broad range of cancers with a single blood test.

But the more immediate opportunity is using blood tests to detect when cancers return after surgery.

https://t.co/BvT0Qgr4oQ

[Jonathan Weil @JonathanWeil]

The More You Know About This Private-Credit Fund, the Less You Understand | My latest @WSJ @WSJheard $OBDC $OWL https://t.co/bqRg2ahnJq

[Heard on the Street @WSJheard]

Yes, chip stocks are cyclical. But so much is already contracted out for TSMC that its revenue growth is all but certain.

https://t.co/grOgwa6qID

[Heard on the Street @WSJheard]

Heard on the Street: All roads lead back to TSMC.

No matter how you slice it, Taiwan's chip-making giant is an AI winner.

[Heard on the Street @WSJheard]

"If the current shortage leads to a more sustainable business model, the stocks could shed their reputation for causing whiplash." https://t.co/t793w9w4rW

[Heard on the Street @WSJheard]

Memory-chip stocks are notoriously volatile. Could this time be different? @djtgallagher makes the case:

[Heard on the Street @WSJheard]

"If the current shortage leads to a more sustainable business model, the stocks could shed their reputation for causing whiplash."

https://t.co/t793w9w4rW

[Heard on the Street @WSJheard]

At 18 times earnings, Meta is trading at its cheapest multiple in years. But that is for good reason.

https://t.co/PDAMpnMmue

[Aaron Back @AaronBack]

Why are Microsoft, Meta and Amazon all down after earnings?

This chart is a hint. Depreciation expenses are going to get very significant in the years ahead. (1/2)

[Aaron Back @AaronBack]

Heard on the Street: Why some tech companies will regret mass layoffs:

[Heard on the Street @WSJheard]

Some of Elon Musk’s ventures—Tesla, SpaceX—have been spectacularly successful. Others—The Boring Company, Neuralink—haven’t come close to matching his grand visions.

Which category will his chip-making abitions fall into?

https://t.co/fQp0nXI1Xp

[Aaron Back @AaronBack]

Tesla will be burning cash for years

https://t.co/x8hEJHlGr4

[Jonathan Weil @JonathanWeil]

A Moment of Truth: Which Private-Credit Funds Believe Their Own Balance Sheets? | My latest @WSJ @WSJheard $FSK $OTF $OBDC $BXSL $ARCC $KKR $OWL $BX $ARES https://t.co/l6O5FabC3t

[Heard on the Street @WSJheard]

Will publicly traded private-credit funds buy back shares?

Heard's @JonathanWeil flags a key barometer of management confidence this earnings season:

https://t.co/9tHzNPjZKt

[Heard on the Street @WSJheard]

Heard's Dan Gallagher:

In the AI age, Apple's new CEO needs to think a little more differernt

https://t.co/0J5nTORdgo

[Aaron Back @AaronBack]

Hermes down 8% today, but are luxury stocks the contrarian buy of the moment?

Heard on the Street makes the case:

https://t.co/8OHeiRL1NO

[Jinjoo Lee @JinjLee]

Why is the price of oil futures so cheap relative to physical oil? @IliaBouchouev explains that there's more sellers (unhedged producers, SPR hedgers) than buyers. Traders who believe oil prices will go higher aren't willing to bet big because the price swings make it too risky.

[Heard on the Street @WSJheard]

The price of a physical barrel of oil is significantly higher than what oil prices in financial markets suggest. @JinjLee explains what's going on:

https://t.co/bfsZBKyoRb

[Aaron Back @AaronBack]

Heard on the Street: Iran and China can wait out a blockade.

Iran already has enough oil on the water to meet China's import demand for 3 months

https://t.co/iDZBZmN06L

[The Wall Street Journal @WSJ]

Heard on the Street: Banks are being hit with fears of contagion from private-credit losses https://t.co/ZGZNDips1X