Dear Reader,
In the mid-1970s, a young economist sat in a windowless office at Langley.
His job: interpreting classified intelligence on commodity markets.
The lesson he learned: the official story is almost never the real story.
That insight led him to warn of the 1987 crash six weeks early.
To call the exact 2009 bottom.
To flag the 2025 gold and silver boom.
Now he says the real story on silver — a swindle that’s been brewing for 50 years — is about to explode across the financial news.
And investors who understand why could make a killing in the months ahead.
Good investing,
Rachel Gearhart
Publisher, The Oxford Club
Uranium Energy's Bull Case Is Starting to Look Real
Written by Thomas Hughes. Originally Published: 3/11/2026.
Key Points
- Uranium Energy Corp's Q2 fiscal year 2026 results show production costs in the low $40s per pound against an average selling price above $100, setting the stage for profitability.
- The company is forming a uranium refining and conversion subsidiary that would make it the only vertically integrated domestic uranium miner.
- Institutions have been accumulating aggressively, but rising short interest could cap near-term upside.
- Special Report: Elon Musk's $1 Quadrillion AI IPO
Uranium Energy Corp's (NYSEAMERICAN: UEC) uptrend resumed after the Q2 fiscal year 2026 (FY2026) earnings report reaffirmed a robust outlook. As one of the largest and most advanced domestic uranium miners and vertically integrated suppliers, the company is well positioned in a market where rare-earth metals are in high demand and development is government-supported. Key takeaways for investors include rapid operational scaling, imminent approval to expand operations, and an unhedged strategy that should capture nuclear-driven margins.
One of the company's strengths is its focus on operational efficiency and margins. Highlights from Q2 FY2026 show a cost per pound sustained in the low $40s and an average selling price of about $101 per pound—well above the spot average. Those metrics matter because UEC holds roughly 1.5 million pounds of inventory and is on track to ramp production substantially in the coming years. Profitability appears imminent: analysts expect adjusted full-year profits in the next fiscal year and rapid growth thereafter.
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Analysts Support UEC Price Action While Pointing to Record Highs
Market sentiment remains broadly bullish given the recent news and operational updates. Analyst commentaries acknowledged near-term profitability headwinds but were generally optimistic about the medium-term outlook.
MarketBeat tracks nine analysts covering UEC, with a consensus rating of Moderate Buy, and price targets have been rising. The consensus target implies roughly 7.5% upside after the Q2 FY2026 release, while the high end of the range sits at $19.75. That $19.75 target is just below record levels and is likely to be surpassed as expansion projects come online.
Institutional activity also supports the upside case. Institutions own more than 60% of the stock, providing solid support, and have been net buyers over the trailing 12 months.
The balance briefly shifted toward distribution (net selling) in calendar Q3 2025, but otherwise institutions bought at roughly a 2-to-1 pace over the 12-month period, with buying accelerating in calendar Q1 2026. The Q1 2026 balance was closer to 5-to-1 in favor of purchases, suggesting institutional accumulation continued after the Q2 FY2026 results.
Uranium Energy Corp Has Catalysts and Tailwinds in 2026
A key catalyst for UEC in 2026 is the formation of the United States Uranium Refining and Conversion Corp, which will convert yellowcake into uranium hexafluoride (UF6) gas—a required feedstock for enrichment. This step strengthens UEC's position as a vertically integrated domestic uranium operator with both mining and conversion capabilities.
Tailwinds include supportive government policy and a strong balance sheet. Policies that designate uranium as a critical mineral provide funding and security for domestic mining and processing. On the balance sheet, UEC's inventory stockpile (nearly 1.5 million pounds), more than $800 million in liquid capital, and zero debt give the company the financial flexibility to execute its expansion plans profitably.
UEC Price Action Confirms Trend After Q2 FY2026 Release
UEC price action has been volatile but in an overall uptrend since early 2025. Early-2026 weakness pulled the stock back to a critical support level that was reconfirmed in mid-March. The likely path is a rebound as the year progresses, with the potential to challenge all-time highs by mid-year.
The immediate resistance to watch is the 30-day exponential moving average, near $15. A sustained move above that level would shift near-term dynamics and increase the probability of a retest of the record highs.
Risks remain. Short-sellers have increased their positions this year; short interest is about 9% and has risen markedly over the past three months. If shorting pressure persists, the stock could struggle to overcome the moving-average resistance or to sustain gains if it does move higher.
Rubrik's Selloff Could Be Cybersecurity's Hidden Opportunity
By Leo Miller. Posted: 3/17/2026.
Key Points
- Cybersecurity stock Rubrik is down big in 2026, similar to names across the software industry.
- The company's latest earnings were much better than expected, and it looks poised to turn a profitability corner in 2026.
- While AI disruption fears fill the market, Rubrik's importance to its clients fortifies its position.
- Special Report: Elon Musk's $1 Quadrillion AI IPO
Rubrik (NYSE: RBRK) is a different kind of cybersecurity company, generating impressive growth as customers recognize the value of its differentiated approach. While many cybersecurity firms focus on preventing threats with firewalls or access controls, Rubrik emphasizes restoring operations after an incident.
Rubrik is fundamentally different. Rather than trying to stop every attack, its solutions provide value after one occurs. Its Preemptive Recovery Engine builds a rich understanding of clients' data over time so, after an attack, customers can recover data and resume operations as quickly as possible. The goal is to shrink recovery time from weeks to days, minimizing revenue loss and operational disruption.
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Watch the broadcast before the window closes nowIn this sense, Rubrik's solutions act like "cybersecurity insurance" — you hope you never need it, but you'll be glad it's there.
In its latest earnings report, Rubrik delivered another strong quarter. Yet the tech stock is down more than 30% in 2026, creating a potential opportunity for investors in a unique cybersecurity name.
RBRK Smashes Forecasts on Sales and EPS
In Q4 of fiscal 2026 (FY2026), Rubrik posted revenue of $378 million, up 46% year over year. Note that the company's fiscal reporting period runs several quarters ahead of the calendar period. The top-line growth far exceeded expectations of roughly 33%.
Adjusted earnings per share (EPS) came in at $0.04, a sharp improvement from a $0.18 loss in the same period last year. Analysts had expected the company to narrow to an $0.11 loss, so the swing into positive territory was unexpected. For the full year, adjusted loss per share was $0.01.
The company remains unprofitable on a GAAP basis, but its quarterly GAAP loss per share improved from $0.61 to $0.43. For the full year, the GAAP loss per share narrowed substantially from $7.48 to $1.78.
Looking into the new fiscal year, Rubrik expects revenue growth of 21% to 22%, down from 48% in FY2026. The company also expects to be adjusted profitable for the full year for the first time, forecasting adjusted EPS between $0.07 and $0.27. Both guidance figures topped expectations.
Rubrik Pushes Back Hard on AI Disruption Risk
One of the main reasons RBRK shares fell in 2026 is the same concern weighing on much of the software industry: artificial intelligence (AI) disruption risk. An analyst asked whether data recovery and resilience could be "meaningfully automated by AI over time," potentially threatening Rubrik's core business.
CEO Bipul Sinha said, "I don't believe that we have any disruption risk at all from AI." That stance may be absolute, but there are several reasons Rubrik appears reasonably well protected from AI-driven disruption.
First, Rubrik serves as the "system of record of last resort around data and identity." When other defenses fail, Rubrik is the system clients rely on to move from chaos back to normalcy. That capability protects customers from significant revenue and reputational loss.
Clients could try to build recovery capabilities in-house or rely on a new AI vendor to do the same, but the risks are high if they get it wrong. With so much at stake, cutting corners on the "cybersecurity insurance" Rubrik provides could be costly.
Importantly, Rubrik's pricing is tied to the amount of data customers want to protect, not the number of users. That contrasts with "seat-based" models that charge per employee. This matters because Rubrik's revenue won't necessarily fall if customers use AI to replace workers; in fact, broader AI deployment typically increases data volumes, which could make Rubrik's platform more essential. Still, the idea that Rubrik faces zero AI disruption risk is likely optimistic.
RBRK Could Be Set Up for a Meaningful Recovery After Recent Weakness
Rubrik has a mission-critical product, strong growth, and improving profitability. Notably, the company's stock-based compensation (SBC) was $329 million in FY2026. Because SBC is a non-cash expense, it boosts reported free cash flow — Rubrik's FY2026 free cash flow was $238 million — but if employees were paid in cash instead of stock, cash flow would be lower. That said, SBC fell sharply from $913 million in FY2025, which is a positive development. Meanwhile, free cash flow rose more than tenfold from $21.6 million in FY2025.
The MarketBeat consensus price target for Rubrik is near $91.50, implying more than 70% upside. Price targets updated after the earnings release average about $86, implying more than 60% upside.
Overall, Rubrik's business appears well-positioned, and its stock looks reasonably attractive after a significant sell-off in 2026.
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