The Mag 7 Has a Capital Expenditure Problem

Published on November 28, 2025

This article questions if the high valuation multiples are justified, arguing that investors will soon need to see actual cash flow results from this massive CapEx bonanza.This aggressive spending has caused their collective free cash flow growth to turn negative, raising concerns since stock valuation is based on future free cash flow.

Continue reading on website
Other news

Cheery Earnings, Leery Investors and an Optimistic Equity Outlook

November 28, 2025
U.S. stocks, as measured by the S&P 500 Index, are on pace for 14% growth in earnings for Q3 2025. This marks the fourth consecutive quarter of double-digit growth and comes in well ahead of analysts’ Sept. 30 estimates of 7%.

The Oil Market Is Always Wrong About Long-Term Prices

November 29, 2025
The article argues that the oil market is mistaken to predict long-term prices will remain near the current $60-per-barrel level through 2030, believing oil will be more expensive due to tightening supply/demand balance.