Biotech investors just got a powerful reminder of what can happen when years of cancer research reach a major inflection point.

That's what happened on August 19, when Moderna and Merck reported positive Phase 3 results for their experimental melanoma treatment.

Moderna shares exploded 177% in a single trading session - adding roughly $45 billion to the company's market value.

A dramatic reassessment of what an emerging cancer technology could be worth - putting cancer biotech back in the spotlight and drawing investor attention to a sector that has historically produced some of the market's biggest growth stories.

But Moderna's treatment also comes with a challenge - it's personalized. Each patient's tumor must be analyzed before a custom therapy can be developed specifically for them.

Now, another Nasdaq-listed biotech is advancing a fundamentally different approach.

The company has developed an immunotherapy platform that harnesses the body's own Natural Killer cells against cancer, without creating a new therapy for every patient.

Its first-generation TriKE® produced encouraging early human data, with bone marrow blast levels falling by as much as 63.7%.

Now, a redesigned second-generation has shown in preclinical testing to be even 10-40x more potent.

Two therapies built on that next-generation platform have advanced into Phase 1 human trials - one targeting blood cancers and the other solid tumors.

GT Biopharma remains early stage. But with new clinical data ahead, investors could soon begin to learn whether TriKE® has the potential to support an entire pipeline of cancer therapies.

See why this microcap could be approaching a defining moment.

Tomorrow Investor

High Gas Prices Aren't Budging—Here Are 3 Stocks That Benefit

Author: Nathan Reiff. First Published: 9/7/2026.

Despite the Trump administration's best efforts to tamp down gas prices amid the ongoing Iran war, prices at the pump have remained stubbornly elevated. While this may hurt investors when they fill up their cars, it also presents an opportunity. Rather than simply buying oil producers, thoughtful investors may find stronger opportunities among refiners, fuel distributors, and even convenience store and gas station companies.

Companies like Phillips 66 (NYSE: PSX), HF Sinclair (NYSE: DINO), and CrossAmerica Partners LP (NYSE: CAPL) stand to profit from higher margins and strong fuel demand. Each provides exposure to a different niche, with a unique link to gasoline prices and other factors that can help diversify a portfolio in case of turbulence elsewhere in the market.

Phillips 66 Is a Diversified Refiner That Stands Apart

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Refining is a major earnings driver for oil and gas companies, particularly during periods of elevated fuel prices. Phillips 66 has a core refining business that is thriving—it helped drive an $8.5 billion revenue beat and a major earnings beat in Q2 2026—but it also benefits from midstream assets, a chemicals business, export infrastructure, and much more.

This diversification can enable Phillips 66 to smooth out its results amid industry turbulence, even as it continues to benefit from expanding gasoline and diesel margins.

Crack spreads across the refining industry are lingering above historical averages, thanks to supply disruptions related to the Iran war and other factors. This means Phillips 66 and other refiners can generate better margins on each barrel they process, leading to billions of dollars in quarterly profits and helping refiners buy back shares in large quantities.

With its Gulf Coast footprint, Phillips 66 benefits from both domestic and export markets. This means the company may continue to benefit if gasoline prices stay elevated because of constrained refining capacity. Analysts appear to recognize this potential, as two-thirds have called PSX shares a Buy, even as they caution that the share price may fall somewhat in the near term.

HF Sinclair Brings Leverage to the Calculation

HF Sinclair relies more heavily on refining operations, meaning its profits may grow rapidly when crack spreads widen. This also makes the company particularly sensitive to refining margins.

While this can be a positive under the right conditions, it also means HF Sinclair is more susceptible to margin pressure, which can result in steep earnings declines.

Recently, this has worked out very well for HF Sinclair. The company generated 53% year-over-year (YOY) revenue growth in the latest quarter alone, made all the more impressive by adjusted net income that roughly tripled over the same period.

Higher throughput and improved operational execution also helped drive these results, while the company rounded out its performance with contributions from its renewables, lubricants, and specialty products businesses.

Shares of HF Sinclair are already up 130% year to date (YTD), prompting analysts to speculate that the firm may reset downward somewhat. However, if gasoline prices remain high, the company may be able to prolong this momentum.

A Retail-Based Approach Provides Variety

For investors seeking an entirely different approach, CrossAmerica Partners provides access to a master limited partnership that owns and leases fuel distribution assets and convenience stores across the country.

Retail gasoline margins may function somewhat independently of wholesale prices, but when fuel demand remains high, it can lead to higher volumes for these companies, along with strong in-store sales and improved rental income.

Fuel distributors are, in many ways, defensive businesses because consumers rely on gasoline even when the economy slows. This could insulate CrossAmerica Partners relative to some of its industry rivals when gas demand and prices eventually decline again.

The Case for Gas-Price-Linked Stocks Remains Strong

All of these companies appear poised to perform well as long as gasoline prices stay high, and there are plenty of reasons to expect that may be the case. Geopolitical risks remain deeply intertwined with the industry's performance. Global refining capacity is still constrained. Diesel markets are tight, with inventories at low levels that are helping push refining margins higher.

To be sure, other companies in the oil and gas business may also benefit from continued high prices. Pipeline and midstream firms, for instance, benefit when production volumes are high, even if they are less directly linked to gasoline prices. When it comes to gas-price-linked shares, however, the three companies above may be an investor's best place to start.

BWX Technologies’ Army Reactor Win Could Redraw Its Nuclear Growth Story

Author: Jeffrey Neal Johnson. First Published: 8/28/2026.

The Department of Defense faces a structural energy problem, and its latest solution is quietly reshaping the commercial nuclear landscape. The U.S. Army recently selected BWX Technologies, Inc. (NYSE: BWXT) to deploy a 20-megawatt Advanced Nuclear Reactor at Fort Campbell as part of the Janus program.

This contract serves as a federally funded proving ground for commercial microreactors, eliminating some of the early-stage friction that typically stifles nuclear innovation. By pivoting from a traditional component manufacturer to a direct power provider, BWX Technologies is leveraging military validation to pursue decentralized energy demand from industrial manufacturers and data center hyperscalers.

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Backed by a strategic divestiture and a robust project backlog, this evolution establishes a highly visible path toward potential earnings expansion.

From Parts to Power: BWXT's Strategic Evolution

The Janus program essentially enables the military to absorb the highest-risk phase of nuclear deployment. By partnering with the Defense Innovation Unit, the Army is taking on the initial regulatory and construction challenges involved in bringing a new reactor design online. The Fort Campbell project targets a late 2028 groundbreaking, with operations scheduled to begin in the early 2030s.

Instead of only fabricating components for military operations, management is transitioning BWX Technologies to a vendor-owned operating model. BWX Technologies will own and operate the microreactor, selling the generated power directly to the installation.

Recurring revenue from long-term power purchase agreements could offer greater margin stability than episodic component manufacturing. The broader equities market has historically assigned premium valuation multiples to businesses with predictable, utility-like cash flows compared with cyclical defense contractors. This fundamental shift in the operating model could support margin expansion over the next decade.

Bridging Military and Market

This military validation helps de-risk the technology for private industry. Tata Chemicals Soda Ash LLC recently signed a letter of intent to explore deploying up to eight Advanced Nuclear Reactor units in Wyoming. Heavy industrial manufacturers need grid independence to ensure operational continuity and hedge against fluctuating local energy costs. Having the Department of Defense validate these reactors' safety and efficacy could provide the proof of concept industrial clients require before committing capital.

At the same time, technology hyperscalers face severe power constraints as they build out artificial intelligence (AI) data centers. A deployable, TRISO-fueled microreactor designed to operate safely behind the meter is the kind of resilient power source these energy-intensive sectors are increasingly evaluating. TRISO fuel is structurally resilient and designed to retain fission products even under extreme temperatures, making it potentially well-suited for decentralized commercial use.

The U.S. Army is effectively helping fund a real-world test case for the product that the commercial technology sector needs to sustain its growth. BWX Technologies is well positioned to pursue this demand because its research and development costs are being subsidized by federal defense initiatives.

Building the Balance Sheet for a Nuclear Boom

Scaling nuclear infrastructure is highly capital-intensive. Aggressive expansion often forces businesses to dilute shareholders through secondary stock offerings or take on debt that weighs on margins. BWX Technologies helped reduce that risk by divesting its medical isotopes unit to Nordic Capital for up to $800 million.

This transaction injects significant non-dilutive liquidity into the balance sheet. BWX Technologies now has additional capital to scale its TRISO fuel fabrication facilities and advance commercialization without tapping expensive credit markets.

That cash influx comes alongside a project backlog of about $8.40 billion. This level of contracted revenue provides meaningful multiyear visibility, allowing BWX Technologies to confidently raise its full-year 2026 guidance despite broader macroeconomic volatility. Second-quarter earnings showcased this underlying momentum. BWX Technologies reported earnings per share of $1.07, beating consensus estimates of $1.04, while quarterly revenue increased 18% year over year to $901.63 million. When evaluating industrial stocks, a strong balance sheet paired with an expanding backlog can be an important indicator of sustainable earnings growth.

Market Dislocation Meets Institutional Conviction

BWX Technologies' stock price has declined about 12% over the past 30 days, bringing shares down to around $156. A trailing price-to-earnings ratio near 40 might initially look steep for a legacy defense supplier. Valuing BWX Technologies solely as a traditional government contractor overlooks its ongoing operational pivot. With the forward price-to-earnings ratio easing to about 32, the market may still be weighing the margin expansion that could result from the new vendor-owned power model.

The recent pullback offers a potential market dislocation. The broader market often sells off industrial names during periods of macroeconomic uncertainty, temporarily overlooking individual catalysts. Technical indicators and institutional behavior support the possibility that this dip represents a temporary repricing rather than a fundamental breakdown.

Short interest has dropped nearly 5% over the last reporting period, leaving only about 3% of the float sold short. Declining short interest suggests that bearish sentiment may be easing among professional traders.

Some retail traders noticed CEO Rex Geveden's recent $1.72 million share sale, sparking brief discussions about executive conviction. Context matters when evaluating insider selling. The sale occurred roughly two weeks before the material news of the Janus contract and the Nordic Capital divestiture. Executing a trade before positive catalysts can be consistent with a routine, scheduled transaction rather than a bearish lack of confidence.

Positioning Portfolios for the New Energy Grid

The long-term thesis for decentralized nuclear power relies heavily on the successful execution of the technology at Fort Campbell and its subsequent rollout to industrial sites in Wyoming. The broader national energy grid is straining under the weight of aging infrastructure and unprecedented electricity demand from artificial intelligence computing. Behind-the-meter power generation is rapidly becoming a premium asset class.

Investors tracking the nuclear renaissance should watch how BWX Technologies allocates its recent $800 million capital injection to expedite the TRISO fuel supply chain, as fuel fabrication remains a primary bottleneck to widespread microreactor adoption. Cautious investors may prefer to add the stock to their watchlist and wait for earnings momentum to build toward the Army's September 2028 operating target, while those with a higher risk tolerance might view the recent pullback as a strategic entry point before the commercial pipeline fully materializes.