Growth Investing and Market Commentary by Gary Black
Gary Black: U.S. stocks steady as Brent crude hits $97 and TSLA rises before SPCX IPO
Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks stabilized in pre-market trading. Renewed Iran-Israel missile strikes pushed Brent crude to $97 per barrel ...
U.S. job growth in May reaches 172000, Gary Black notes
Gary Black, managing partner, investor at The Future Fund, highlights that U.S. job growth for May surpassed forecasts with 172,000 new jobs added compared to expectations of 88,000. He notes ...
Gary Black: Stocks decline pre-market on AI weakness and interest rate concerns
Gary Black, managing partner and investor at The Future Fund, reports that stocks fell in pre-market trading due to weakness in artificial intelligence and AVGO's soft guidance on Wednesday night. ...
Stocks fall pre-market after weak chip guidance and Bitcoin decline, Gary Black notes
Gary Black, managing partner, investor at The Future Fund, reported that stocks declined in pre-market trading, with the SPX down 0.4% and the NDX falling 1.1%. This move followed weak AI chip ...
Gary Black: AVGO drops after hours as AI guidance misses expectations
Gary Black, managing partner and investor at The Future Fund, highlighted that AVGO shares fell 6.7 percent after hours following its second-quarter earnings report, which beat expectations. He ...
AVGO gains with custom AI chip growth, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, highlights that AVGO (Broadcom) and MRVL are emerging as major beneficiaries amidst Wall Street's increased interest in custom AI ...
Gary Black: SPCX filing signals potential TSLA equity issuance and acquisition impact
Gary Black, managing partner and investor at The Future Fund, highlights the impact of the latest SPCX amended S-1/A filing on TSLA shares. Black points out that TSLA dropped 4.6 percent while ...
Equity futures rise amid ceasefire moves by U.S. and Iran, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reports that equity futures advanced as the U.S. and Iran both pursued changes to a draft agreement aimed at extending a ceasefire and ...
Gary Black: Merger between SPCX and TSLA unlikely to deliver expected synergies
Gary Black, managing partner and investor at The Future Fund, questions the logic behind investors supporting a potential merger between SPCX and TSLA. Black points out that mergers between two ...
Dell surges 17 percent after AI server revenue beats, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reports that Dell shares climbed 17 percent after-hours following significant outperformance driven by strong demand for AI servers. ...
Gary Black: SK Hynix joins $1 trillion market cap club with MU
Gary Black, managing partner and investor at The Future Fund, highlights that SK Hynix has become the 15th company to reach the $1 trillion market cap club. According to Gary Black, SK Hynix is ...
Stocks advance as U.S. and Israeli strikes disrupt shipping, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reports that stocks rose pre-market even as new U.S. and Israeli strikes targeted Iranian vessels in the Strait of Hormuz, resulting ...
Gary Black: SpaceX IPO likely to be overpriced at $2T valuation
Gary Black, managing partner, investor at The Future Fund, discusses a recent Barron’s cover story on the potential SpaceX IPO and compares it to the history of megacap IPOs. He believes ...
TSLA and SPCX merger after SPCX IPO lacks business logic, Gary Black argues
Gary Black, managing partner and investor at The Future Fund, questions the rationale behind a potential merger between TSLA and SPCX following the SPCX IPO. According to Black, such a merger ...
Gary Black: Short deteriorating companies over richly valued stocks
Gary Black, managing partner and investor at The Future Fund, emphasizes the importance of targeting companies with deteriorating fundamentals when shorting stocks. He argues that such firms are ...
Second-quarter comps reported at 9.7 percent, Gary Black notes
Gary Black, managing partner, investor at The Future Fund, highlights commentary from CAVA's CFO during the company's conference call regarding performance metrics for the second quarter. CAVA's ...
Gary Black: Stocks drop as surging bond yields and oil prices pause rally
Gary Black, managing partner and investor at The Future Fund, reports that stocks declined for a third consecutive day amid rising bond yields and oil prices above $110 per barrel. He notes that ...
10-year U.S. treasury yield at 4.54 percent now above S&P 500 earnings yield, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, highlights a notable shift in market dynamics. He observes that the forward S&P 500 earnings yield is now lower than the 10-year ...
Gary Black: AI momentum lifts stocks as CSCO jumps and Cerebras completes $5.5 billion IPO
Gary Black, managing partner at The Future Fund, notes that stocks rose in pre-market trading on Thursday, driven by momentum in artificial intelligence. CSCO surged 19 percent following a strong ...
HIMS falls 10% after first quarter results miss estimates, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reported that HIMS shares declined 10% after hours following first quarter results that missed consensus and lowered EBITDA guidance ...
Gary Black: S&P 500 earnings forecast to rise 19 percent to $330 in 2026
Gary Black, managing partner and investor at The Future Fund, expects equity markets to reach new record highs on the strength of artificial intelligence earnings, despite ongoing conflict in the ...
