Harry Harrison @HarryH1993: "15 April 2026 update 🎯 Hey..."

United Kingdom

15 April 2026 update 🎯 Hey everyone, Markets are in a very different mood compared with the start of the month (and year!). Iran ceasefire talks have softened $OIL prices, the dollar slipped to a one-month low, and risk assets are catching a bid. The $SPX500 closed within 1% of its 52-week high yesterday and the $NSDQ100 added nearly 2%. Plenty happened across my book in the last 24 hours, and a few names stood out. 💱 $WISE.L (Wise Ltd) — Q4 trading update ahead of the Nasdaq move Wise dropped its Q4 FY26 trading update on Monday and the print was hard to argue with. Cross-border volume hit £49.4 billion for the quarter, up 27% on a constant currency basis, active customers grew 22% to 11.3 million, and customer holdings climbed 37% year-on-year to £29.4 billion. Underlying income for the quarter was £435.3 million, up 24%, and full-year FY26 income reached £1.61 billion. Management guided the underlying PBT margin toward the top of the 13 to 16% range even after absorbing the cost of the upcoming Nasdaq listing. The structural shift matters more to me. Wise begins trading on Nasdaq on 11 May while keeping its London line, and it will switch to US GAAP reporting for the 2026 financial year. UBS trimmed its price target to 1,160p from 1,240p just before the print, but I think the dual listing is the bigger story. London has chronically underpriced this business, and a deeper US institutional buyer base could finally close the gap. I am holding. wise.com/imaginary-v2/images/0b17713eb11c498dc0c048170c794501-WiseplcQ4FY26TradingUpdate(2).pdf ⚙️ $NBIS (Nebius Group NV) — Goldman lifts the target by $45 in one move Nebius Group has been the standout of the week for me. Goldman Sachs raised its price target on the AI cloud company to $205 from $155 and kept the buy rating, while lifting its fiscal 2027 to 2030 revenue estimates by approximately 30% to 54%. Bank of America also raised its target on the back of new cloud deals and the data centre expansion. Both moves follow the $27 billion Meta contract signed last month, which sits alongside the existing $17.4 billion Microsoft deal. The stock closed at $144.97 on 10 April, near its 52-week high of $149.82. Capex is guided at $16 to $20 billion in 2026 across nine new data centre sites in the US and Europe, and the company is targeting $7 to $9 billion in annualised run-rate revenue by year-end. That is an enormous ramp. The bear case is real, debt is climbing, and Freedom Capital downgraded to hold this week citing the speed of the rally. But Goldman doesn't bump a target by 32% in a single revision unless they think the spending will produce something well above what their old model assumed. I am happy to keep riding this one. $ASML (ASML Holding NV) 💽 ASML reported a strong first quarter, beating analyst expectations with €2.76 billion in profit on €8.77 billion in revenue and raising its 2026 sales forecast to €36–€40 billion, driven by aggressive spending from major chipmakers like TSMC and Samsung amid sustained AI-driven demand. Despite this, the stock fell as investors focused on rising geopolitical risks, particularly potential new U.S. restrictions on semiconductor equipment exports to China, which accounts for a significant share of ASML’s revenue. There are also concerns that recent strong sales may reflect Chinese customers accelerating purchases ahead of tighter controls rather than long-term growth. www.asml.com/en/news/press-releases/2026/q1-2026-financial-results 📅 Looking ahead The next seven days are stacked. US jobless claims tomorrow, and the UK and France co-host a summit in Paris on Friday focused on reopening the Strait of Hormuz. Lots of exciting earnings reports out at the end of April & start of May, will be great to see how our companies have done during a volatile Q1. Plenty to chew on. www.etoro.com/people/harryh1993 Not financial advice.

Not investment advice. The author may have financial interests in the mentioned instruments.