Joining us now is Beimo Capital Markets equity research analyst Joel Jackson. He has an outperform rating and $125 target on Albamarl. Joel, welcome.125 is about 50% higher than Albamarl is now. Why the optimism around the company. Look, if you take a midcycle kind of assessment and you know most investors we talked to we survey them are willing to give lithium miners producers a eight and a half time Ebida multiple.you apply that to a decent midcycle price about $15,000 a ton, few thousand more than today, ...

Brian, that's right. This report always is our best look at the tariff revenue. But first, top line here.It was a big deficit month for the US Treasury. The government ran a $291 billion deficit in July. That compares with about $183 billion deficit that was expected among economists surveyed by Dow Jones.Now, July is almost always a deficit month. There aren't any big tax due dates for either corporations or individuals. But that is still a big miss there compared to expectations.It's also significantly wo ...

Jim Tierney is CIO of US Concentrated Growth at Alliance Bernsteeen. Jim, good to have you on the set. >> Thanks for having me.>> 15% two stocks. Does that worry you. >> It certainly does.When we think about portfolio construction, we want to make sure that we have a diversified portfolio with the top two or the top 10, which are both at all-time records. Uh the concentration is scary and it's all around AI. That said, those are the companies that have the earnings growth and you came out of second quarter ...

Welcome back. Anthropic announcing today it's offering its clawed AI model to the US government for a buck, a dollar. It's just the latest AI firm inking government deals in a push to win federal contracts.Mackenzie Sagallows has the latest in today's tech check. Hi, Mac. Hey, Morgan.So, you've got the biggest private AI firms slashing prices to virtually zero to get Washington hooked on their technology. So, OpenAI set this trend last week when they announced an offer of ChatgBT Enterprise to federal agenc ...

Women's sports is not a charity. Women's sports, the reason I've been investing in it the last five years is because it is a tremendous business opportunity. So, I'm glad we're talking about the revenue.Yes, traditional big four sports leagues make that eyepopping dollar from media deals, but why. Because they have massive audiences that are tuning in and then they can the the media companies can then expect to sell those rights to advertisers and make their money. When you're an emerging league, it is very ...

Welcome back to the exchange. It's time to reveal today's mystery chart. It's Five Below.Give a congrats to Trade CNBC and to Nicholas Brown for guessing this. The discount retailer climbing 4% today after Loop Capital upgraded the name to a buy rating. Shares are already up about 150% since their recent low in April, but Loop sees another 20% upside from here.The firm says the market is vastly underestimating its near-term earnings power, and that five below's pricing power can help offset tariffs. So join ...

Well, breaking news out of Washington. Aean Jabber is at the White House and he has more for us. Hi, Aean.>> Hey there, Morgan. Take a live look in. The press secretary is giving a briefing here at the White House and she was just asked about some comments by EJ Antony who is the president's pick to run uh the Bureau of Labor Statistics, which puts out the monthly jobs reports. She was asked about a comment of his that maybe discontinuing those jobs reports in the short term uh is in the right is in the bes ...

learn more. >> Welcome back to The Exchange. Let's talk small caps.According to the latest Bank of America flow data, clients were net buyers last week of large and mid-cap stocks, but they were sellers of the small caps and according to their fund manager survey, 44% say large cap stocks will outperform small caps this year. That's a rise from the previous reading. Small caps have continued to underperform, with the Russell 2000 only up 1.5% so far this year.My next guest, though, remains near-term cautiou ...

My next guest believes that goal is too ambitious. He remains cautious with an underperform rating, $85 price target. Let's bring in Missou's Dan Doof, who joins me here on set.Dan, it's good to see you. Great to see you. Why do you think it's too ambitious.Because if you look at the facts, I mean, I like stable coins, don't get me wrong, but if you look at the facts, you've only had like 6% growth in USDC in circulation since like the end of 2Q. It's basically been stale. Like, it's not moving since April. ...

>> Welcome back to the Halftime Report. And a very big welcome to our friends at the Golf Channel, as well as we make a major announcement today, NBC universal versus and the United States Golf Association are extending their media rights agreement through 2032, a deal thought to be valued around $95 million annually. Mike Hogan is CEO of the USGA.He joins us now live. Welcome. This is a very big day.>> Hey Scott. This is a good day. I know you're a I know you're a golfer and a golf fan.And so it's exciting ...