Author

admin

Browsing

Grow your trading account using proven options strategies, right from your StockCharts ChartLists, with the help of this powerful educational webinar!

In this session, Tony Zhang, Chief Strategist of OptionsPlay, will show you how to:

  • Scan your ChartLists for top-performing trade setups
  • Identify income-generating and directional opportunities
  • Use OptionPlay’s real-time Strategy Explorer to rank and compare trades
  • Align technical analysis with the best options strategies—covered calls, credit spreads, and short puts—for smarter, more confident trades

Whether you’re a seasoned trader or just getting started with options, this session is packed with actionable insights to help you trade with purpose and precision.

This video premiered on April 29, 2025.

In this video, Julius analyzes current asset class rotation, revealing why stocks in the lagging quadrant may signal continued market weakness. By combining sector rotation trends—particularly strength in defensive sectors—with SPY seasonality, Julius builds a compelling case that downside risk in the S&P 500 may outweigh upside potential in the current environment.

This video was originally published on April 30, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

Thursday’s market rout, triggered by the grim arithmetic of a negative first-quarter GDP, hardly provides fertile ground for a ‘risk-on’ appetite. Yet some stocks continue to defy the mood, climbing despite the volatility and uncertainty weighing on investor sentiment.

One such stock is Palantir Technologies, Inc. (PLTR), which has consistently ranked in or near the Top 10 Large Cap stocks on the StockCharts Technical Rank  (SCTR) report since late 2024.

FIGURE 1. PLTR IN TOP POSITION. PLTR stock has been at or within the top 10 since late September 2024.

Palantir Technologies (PLTR) is a software company that helps governments and businesses analyze and act on big data. It blends human decision-making with AI, making it a go-to for national security, defense, and enterprise operations.

Why Palantir May Be Tariff-Proof

Unlike typical analytics tools, Palantir combines human insight with AI, so people stay in control while getting help from powerful machines. That balance has made it a trusted choice for just about everything from national security to big business.

So, how does Palantir fit into today’s tariff environment? Here are a few key points:

  • Tariff-Proof Tech. Since Palantir sells software, not physical goods, it’s mostly insulated from tariffs and global supply chain drama.
  • Stable Government Money. Over half of its revenue comes from government contracts, and most of it is from the U.S., offering a steady income stream even when markets get rocky.
  • Budget Watch. If the government tightens its belt, especially through efficiency initiatives (think DOGE), Palantir’s federal dollars could take a hit.

Looking ahead, analysts generally see strong growth for the company in governmental and commercial sectors.

PLTR Stock’s Weekly Chart: A Long-Term Perspective

Let’s take a long-term view of PLTR’s price action, starting with the weekly chart.

FIGURE 2. WEEKLY CHART OF PLTR STOCK. The stock is attempting to test its all-time high of $125.41.

This chart highlights PLTR’s dramatic climb from its 2022 slump to a parabolic uptrend, followed by a sharp pullback in 2025. The blue rectangles mark three early bullish signals—sustained SCTR readings above the 90 line. A well-timed buy setup based on those signals could have helped you catch the uptrend early.

Now, though, PLTR is trying to claw back the 99% gain it notched earlier in 2025. While analysts—and seemingly investors—remain bullish on PLTR’s long-term outlook, its stretched valuation and the broader market’s volatility make the risks impossible to ignore.

PLTR Stock’s Daily Chart: Rangebound or Poised for a Breakout?

Shifting over to a daily chart, after reaching $125 per share in February, PLTR plummeted due to defense budget cut fears, insider selling, and overvaluation concerns. But then in April, after hitting a low of $66.12, PLTR rallied strongly on easing trade tensions, new government deals, and renewed AI optimism.

FIGURE 3. DAILY CHART OF PLTR. Note the sharp decline in February and rally in April. What happened?

Year-to-date, PLTR stock’s intermediate-term trend remains unclear. On one hand, the wide range between its 2025 high and low suggests the stock may stay rangebound until a clear direction emerges. On the other hand, it’s hard to envision PLTR breaking above its recent high without a meaningful pullback first.

Momentum and volume indicators offer tempered, yet optimistic signals. The Relative Strength Index  (RSI) is approaching the 70 level, hinting at overbought conditions. Meanwhile, the Accumulation/Distribution Line (ADL) sits well above the current price, suggesting that sustained buying pressure could eventually push PLTR back toward all-time highs.

The Ichimoku Cloud, which helps visualize potential support and trend structure, points to a possible support zone around the $90 range. Lastly, the blue dotted line at $66 marks a key swing low—if PLTR closes below that level, it could spell trouble for the stock’s broader uptrend.

At the Close: Should You Buy Palantir Stock?

Well, everyone seems to be buying it, considering its 613.86 PE ratio, which, though indicating strong growth expectations, can also signal market euphoria—and that’s where caution comes in. If you’re planning to go long, it might be wise to wait for a pullback toward the support zone highlighted by the Ichimoku Cloud.

Also, keep an eye on its earnings date—May 5—which you can find in StockCharts’ Earnings Calendar. Political and geopolitical shifts are just as critical, having shaken markets throughout April and being likely to keep doing so.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your personal and financial situation, or without consulting a financial professional.

In this video, Joe demonstrates how to use the 18-day and 40-day moving averages to identify trade entry points, assess trend direction, and measure momentum. He breaks down four key ways these MAs can guide your trading decisions—especially knowing when to be a buyer. Joe also analyzes commodities, noting recent weakness, and highlights key technical levels to watch on the SPY, QQQ, and IWM. The session wraps with detailed viewer stock chart requests.

The video premiered on April 30, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development. 

Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push the company to increase investments in the U.S. It comes as drugmakers brace for Trump’s levies on pharmaceuticals imported into the country — his administration’s bid to boost domestic manufacturing.

“If I know that there will not be tariffs … then there are tremendous investments that can happen in this country, both in R&D and manufacturing,” Bourla said on the call, adding that the company is also hoping for “certainty.”

“In periods of uncertainty, everybody is controlling their cost as we are doing, and then is very frugal with their investment, as we are doing, so that we are prepared for remit. So that’s what I want to see,” Bourla said.

Bourla noted the tax environment, which had previously pushed manufacturing abroad, has “significantly changed now” with the establishment of a global minimum tax of around 15%. He said that shift hasn’t necessarily made the U.S. more attractive, saying “it’s not as good” to invest here without additional incentives or clarity around tariffs.

“Now [Trump] I’m sure — and I know because I talked to him — that he would like to see even a reduction in the current tax regime particularly for locally produced goods,” Bourla said, adding a further decrease would be would be a strong incentive for manufacturing in the U.S.

Unlike other companies grappling with evolving trade policy, Pfizer did not revise its full-year outlook on Tuesday. However, the company noted in its earnings release that the guidance “does not currently include any potential impact related to future tariffs and trade policy changes, which we are unable to predict at this time.”

But on the earnings call on Tuesday, Pfizer executives said the guidance does reflect $150 million in costs from Trump’s existing tariffs.

“Included in our guidance that we didn’t really speak about is there are some tariffs in place today,” Pfizer CFO Dave Denton said on the call.

“We are contemplating that within our guidance range and we continue to again trend to the top end of our guidance range even with those costs to be incurred this year,” he said.

This post appeared first on NBC NEWS

JetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s president said Tuesday. One possibility: United Airlines.

JetBlue’s leaders have repeatedly said they need a partnership to better compete against larger airlines like Delta Air Lines and United.

JetBlue’s planned acquisition of Spirit Airlines was blocked by the Justice Department last year, while its partnership in the Northeast with American Airlines unraveled after the carriers lost an antitrust lawsuit in 2023.

The New York airline has been in talks with several carriers this year about a partnership. JetBlue’s president, Marty St. George, said on an earnings call on Tuesday that the company expects to make an announcement this quarter. He emphasized that the partner’s bigger network would allow customers to earn and burn loyalty points on JetBlue.

“If you are a customer in the Northeast and you love JetBlue for leisure, but twice a year you have to go to Omaha or Boise, these are places that you can’t earn TrueBlue points on now and when this partnership goes forward, you will be able to,” St. George said.

United Airlines could possibly get a foothold (again) into JetBlue’s home hub of John F. Kennedy International Airport in New York through the partnership. “We don’t engage in industry speculation,” a United Airlines spokeswoman said.

An Alaska Airlines spokeswoman said the carrier doesn’t have plans to partner with JetBlue and is focused on its recent merger with Hawaiian Airlines.

Southwest Airlines declined to comment. A Delta Air Lines spokesman said there was no pending announcement from the carrier about a partnership with another airline.

JetBlue declined to comment further.

American had been in talks to revive a different version of its partnership with JetBlue, but those failed and American said Monday that it sued JetBlue.

“Ultimately, we were unable to agree on a construct that preserved the benefits of the partnership we envisioned, made sense operationally or financially,” American Airlines Vice Chair Steve Johnson said in a letter to employees on Monday.

This post appeared first on NBC NEWS

Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”

Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap.

“We are very close,” he said. “Remember this is a long-time, infinite race.”

Nvidia has become key to the world economy over the past few years as it makes the chips powering the majority of recent advanced AI applications. The company faces growing hurdles in the U.S., including tariffs and a pending Biden-era regulation that would restrict the shipment of its most advanced AI chips to many countries around the world.

The Trump administration this month restricted the shipment of Nvidia’s H20 chips to China without a license. That technology, which is related to the Hopper chips used in the rest of the world, was developed to comply with previous U.S. export restrictions. Nvidia said it would take a $5.5 billion hit on the restriction.

Huawei, which is on a U.S. trade blacklist, is reportedly working on an AI chip of its own for Chinese customers.

“They’re incredible in computing and network tech, all these central capabilities to advance AI,” Huang said. “They have made enormous progress in the last several years.”

Nvidia has made the case that U.S. policy should focus on making its companies competitive, and that restricting chip sales to China and other countries threatens U.S. technology leadership.

Huang called again for the U.S. government to focus on AI policies that accelerate the technology’s development.

“This is an industry that we will have to compete for,” Huang said.

Trump on Wednesday called Huang “my friend Jensen,” cheering the company’s recent announcement that it planned to build $500 billion in AI infrastructure in the U.S. over the next five years.

Huang said he believes Nvidia will be able to manufacture its AI devices in the U.S. The company said earlier this month that it will assemble AI servers with its manufacturing partner Foxconn near Houston.

“With willpower and the resources of our country, I’m certain we can manufacture onshore,” Huang said.

Nvidia shares are down more than 20% this year, sliding along with the broader market, after almost tripling in value last year. The stock fell almost 3% on Wednesday.

This post appeared first on NBC NEWS

Tensions between India and Pakistan have escalated further after a top Pakistani official claimed early Wednesday it has “credible intelligence” that New Delhi will carry out a military action against Islamabad within the next two days.

The claim came as both the United States and China urged restraint.

“Pakistan has credible intelligence that India intends carrying out military action against Pakistan in the next 24-36 hours,” Pakistan’s Information Minister Attaullah Tarar said in an unusual middle of the night post on X. He did not elaborate on what evidence Pakistan had used to make the claim.

Tarar’s comments come just one week after militants massacred 26 tourists in the mountainous town of Pahalgam in Indian-administered Kashmir, a rampage that has sparked widespread outrage.

India has accused Pakistan of being involved in the attack — a claim Islamabad denies. Pakistan has offered a neutral investigation into the incident.

Kashmir, one of the world’s most dangerous flashpoints, is controlled in part by India and Pakistan but both countries claim it in its entirety.

The two nuclear-armed rivals have fought three wars over the mountainous territory that is now divided by a de-facto border called the Line of Control since their independence from Britain nearly 80 years ago.

Last week’s attack sparked immediate widespread anger in India and Prime Minister Narendra Modi is under tremendous pressure to retaliate with force.

India conducted airstrikes inside Pakistan in 2019 following a major insurgent attack on paramilitary personnel inside Indian-administered Kashmir. It was the first such incursion into Pakistan’s territory since a 1971 war between the two neighbors.

The latest attack on tourists in Kashmir has sparked fears that India might respond in a similar way.

Modi vowed to pursue the attackers “to the ends of the earth” in a fiery speech last week. The massacre set off an escalating tit-for-tat exchange of hostilities between the two countries over the past week.

Pakistan’s Tarar on Wednesday claimed any “military adventurism by India would be responded to assuredly and decisively.”

US and China react

Secretary of State Marco Rubio will speak to his counterparts in India and Pakistan to urge calm, possibly “as soon as today,” State Department spokesperson Tammy Bruce said on Tuesday.

“We are reaching out to both parties, and telling, of course, them to not escalate the situation,” Bruce told reporters, quoting a statement by Rubio.

New Delhi is considered an important partner for Washington as it seeks to counter China’s influence in the Indo-Pacific region. Pakistan is also considered a key US partner.

China, which also claims control of part of Kashmir and has grown closer to Pakistan in recent years, has also urged restraint.

China’s foreign minister Wang Yi spoke to Pakistan’s deputy prime minister and foreign minister Ishaq Dar last week, saying any conflict between Pakistan and India would “not serve the fundamental interests of each side” and posed a risk to regional security, state broadcaster CGTN reported.

India and China’s relationship has proved fractious in recent years, with clashes at their contested border. Meanwhile, Beijing and Islamabad have strengthened ties, with China continuing to invest in Pakistan under its Belt and Road Initiative.

Tit-for-tat moves

In the days after the Pahalgam attack, India swiftly downgraded ties with Pakistan cancelling visas of Pakistani nationals and suspending its participation in a crucial water-sharing pact.

The Indus Water Treaty has been in force since 1960 and is regarded as a rare diplomatic success story between the two fractious neighbors.

The treaty governs the sharing of water from the enormous Indus River system, a vital resource supporting hundreds of millions of livelihoods across Pakistan and northern India. The Indus originates in Tibet and flows through China and Indian-controlled Kashmir before reaching Pakistan.

Islamabad has called any attempt to stop or divert water belonging to Pakistan an act of war.

This week, New Delhi and Islamabad have both been flexing their military might.

Two days earlier, India’s navy said it had carried out test missile strikes to “revalidate and demonstrate readiness of platforms, systems and crew for long range precision offensive strike.”

Tensions have been also been simmering along the Line of Control and gunfire has been exchanged along the disputed border for five straight nights.

This is a developing story and will be updated.

This post appeared first on cnn.com

As servicemen aboard the US Navy aircraft carrier dumped millions of dollars of military hardware into the South China Sea, the commander chose not to watch.

Capt. Larry Chambers knew his order to push helicopters off the flight deck of the USS Midway could cost him his military career, but it was a chance he was willing to take.

Above his head, a South Vietnamese air force major, Buang-Ly, was circling the carrier in a tiny airplane with his wife and five children aboard and needed space to land.

It was April 29, 1975. To the west of where the Midway was operating, communist North Vietnamese forces were closing in for the capture of Saigon, the capital of South Vietnam, which the US had supported for more than a decade.

Buang feared his family would pay a terrible price if captured by the communists. So, he jammed his family aboard the single-engine Cessna Bird Dog he found on minor airstrip near Saigon, headed out to sea – and hoped.

And luckily Buang ran into another “idiot,” as Chambers puts it.

The Midway’s deck was crowded with helicopters that Tuesday because it was assisting in Operation Frequent Wind, the helicopter evacuation of Saigon.

Some 7,000 South Vietnamese and Americans would make their way onto US Navy ships on April 29 and 30 in frenzied escapes from Saigon. Some 2,000 of them found their way onto Midway. But few could rival the drama of the family of seven in that two-seat Cessna.

Buang had no radio and so the only way to let the captain of the Midway know he needed help was to drop a handwritten note onto its deck as he flew overhead.

Several attempts failed before finally one found its mark.

“Can you mouve [sic] these Helicopter to the other side, I can land on your runway, I can fly 1 hour more, we have enough time to mouve. Please rescue me, Major Buang wife and 5 child,” it read.

Capt. Chambers had a choice to make: clear the deck as Buang requested; or let him ditch in the ocean. He knew the aircraft, with its fixed landing gear, would flip over once it hit the water. Even if it held together, flipping would doom the family to drowning.

He couldn’t let that happen, he said, even though his superiors did not want the small aircraft to land on the carrier.

Neither did the Midway’s air boss, who ran flight deck operations.

“When I told the air boss we’re going to make a ready deck (for the small plane), the words he had to say to me I wouldn’t want to print,” Chambers said.

Chambers said he ordered all of the ship’s 2,000-person air wing up to the deck to prepare to receive the small plane and turned his ship into the wind to make a landing possible.

Crewmen pushed helicopters – worth $30 million by some accounts – off the deck. American, South Vietnamese, even CIA choppers splashed into the waves.

Chambers still doesn’t know exactly how many. “In the middle of chaos, nobody was counting,” he said.

And he wasn’t looking.

Because he was disobeying the orders of his superiors in the US fleet, he knew his decision could land him a punishment that included being kicked out of the Navy.

“So that was my defense. It was kind of a stupid idea at the time, but at least it gave me the confidence to go ahead and do it.”

With enough space cleared, Buang touched down on the Midway. Crewman grabbed onto the light plane with their bare hands to make sure it wasn’t blown off the deck in the strong winds coming across it. The rest of the crew cheered.

“He’s probably the bravest son of a bitch I’ve run into in my whole life,” said of Buang, adding that the South Vietnamese pilot was trying save his family by landing on an aircraft carrier – something he’d never done before – in a plane not designed for that.

“I was just clearing the runway for him … that’s all you can do.”

And life came before hardware, he said.

“We do the best we can saving human lives. That’s the only thing you can do.”

The final days of the Vietnam War

The fall of Saigon brought the final curtain down on a grinding conflict that unleashed devastation across the region, cost more than 58,000 American and millions of Vietnamese lives, saw the might of US military power fought to a bloody stalemate and triggered huge social unrest at home.

The 50th anniversary on Wednesday will trigger complex and mixed emotions for those who lived through it.

For Vietnam’s government, still run by the same Communist Party that swept to victory, it will be a week of huge parades and celebrations, officially known as “Liberation of the South and National Reunification Day.” For those South Vietnamese who had to flee, many of whom settled in the US, the anniversary has long been dubbed “Black April.”

For US veterans, it will once again raise the age-old question – what was it all for?

Chaos ruled Saigon in the last week of April 1975.

Though more than a decade of US military involvement in the Vietnam War had officially ended with the signing of the Paris Peace Accords with North Vietnam in January 1973, the deal didn’t guarantee an independent state in the South.

The administration of US President Richard Nixon had pledged to keep up military aid for the government in Saigon, but it was a hollow promise that would not last into the era of his successor Gerald Ford. Americans, tired of a divisive war that had cost so many lives and hundreds of billions in taxpayer dollars, were broadly unsupportive of the South Vietnamese regime.

In early March 1975, North Vietnam launched an offensive into the South that its leaders expected would lead to the capture of Saigon in about two years. Victory would come in two months.

On April 28, North Vietnamese forces attacked Tan Son Nhut Air Base in Saigon, making an evacuation by airplane impossible. There was no other place in the city that could handle large aircraft.

With helicopter evacuation the only option, Washington launched Operation Frequent Wind.

When Bing Crosby’s seasonal classic “White Christmas” played over the radio, that was the signal for Americans and select Vietnamese civilians to go to designated pickup spots to be airlifted out of the city.

More than 100 helicopters, operated by the US Marine Corps, the US Air Force and the CIA, would deliver evacuees to US Navy ships waiting offshore.

By command of the president (not really)

While Capt. Chambers was making command decisions at sea, American helicopter pilots were doing so above Saigon.

Marine Corps Maj. Gerry Berry flew from a US ship offshore to Saigon 14 times during the evacuation, the last of those flights marking the official end of the US presence in South Vietnam.

But getting to that point wasn’t straightforward.

Berry, the pilot of a twin-rotor CH-46 Sea Knight helicopter, got orders on the afternoon of April 29 to fly to the US Embassy in Saigon and get Ambassador Graham Martin out.

But nobody seemed to have told Martin or the US Marines guarding the embassy.

Upon touchdown, when he told the guards he was there to pick up the ambassador, they ushered about 70 Vietnamese evacuees aboard the aircraft instead, he said.

Subsequent flights from an offshore US Navy ship were greeted with more and more evacuees – and no US envoy.

With each flight to and from the embassy, Berry could see the crowds outside the it growing – and North Vietnamese forces drawing closer.

But he knew someone had to take charge, to at least get the ambassador out.

Around 4 a.m., he could see the North Vietnamese forces closing on the embassy.

“The tanks were coming down the road. We could see them. The ambassador was still in there,” he said.

Landing on the roof, the Sea Knight took on another stream of evacuees – and no Ambassador Martin.

Berry called a Marine guard sergeant over to the cockpit – and told him he had direct orders from President Ford for the ambassador to get on the helicopter.

“I had no authorization to do that,” Berry said. But he knew time was short, and his frustration at making this trip more than a dozen times was boiling over.

“I basically ordered him out, when I said in my best aviator voice, ‘The president sends. You have got to go now,’” using military terminology for how an order is handed down.

He said Martin seemed happy to finally get a direct order, even if it came from a Marine pilot.

“It looked like an Olympic sprint team getting on that (aircraft). So you know, I’ve always said that all he wanted to do was be ordered out by somebody,” Berry said.

With the envoy aboard, the Sea Knight headed out to the USS Blue Ridge, ending Berry’s 14th flight of Operation Frequent Wind, some 18 hours after he started.

Hours later North Vietnamese tanks would break through the gates of the South Vietnamese presidential palace, not far from the US Embassy. The Vietnam War was over.

Legacies of Vietnam

Berry and Chambers were both officers who had to make decisions – outside or against the chain of command – that saved lives during the fall of Saigon, which was soon renamed Ho Chi Minh City by the victorious North Vietnamese.

And Chambers says it is a quality that sets the US military apart from its adversaries to this day.

“We have young kids … taught initiative to do things and to take responsibility, unlike some of the other militaries where the commissar, or whoever it is,” looms over every decision, Chambers said.

“We want everybody to think, and everybody to act,” said Chambers, who as a Black man was the first person of color to command a US Navy aircraft carrier.

“You’ve got to be the guy in charge. You can’t run things all the way up through the Pentagon every time you have to do something,” Berry said.

Chambers never faced any disciplinary action for his decisions aboard the Midway off Saigon. He’s not sure if that’s because the Midway wasn’t the only ship dumping helicopters overboard that day or because he was quickly dispatched on another rescue mission.

And it certainly didn’t hurt his naval career. Two years after dumping those helicopters into the sea, he was promoted to rear admiral.

Pilot Berry, who also served a combat tour in Vietnam in 1969 and ’70, is also left with sadness at the war’s futility.

“I hate to think all those deaths were for naught, the 58,400,” he said.

“What did we gain by all that, you know? And we killed more than a million Vietnamese.”

“Those people not only lost that life, but they lost the life where they would have had families and all those things,” Berry said.

As the 50th anniversary of his evacuation flights neared, Berry, now 80, was asked how long Americans would remember the Fall of Saigon, which brought to a close one of the US military’s greatest failures.

“With the number of lives we lost… it can’t be called a victory. It just can’t be,” Berry said.

But Vietnam also provides lessons 50 years later about keeping your trust with allies and friends, like NATO and Ukraine, he said.

“We had all that promised aid for South Vietnam that never came after the final assault” began in March 1975, he said.

“We never, never delivered.

“You promise something, you should follow through.”

This post appeared first on cnn.com

Britain’s military launched airstrikes against Houthi targets in Yemen on Tuesday with US forces, its defense ministry said – the first public acknowledgment of a joint operation since the Trump administration escalated the US campaign against the militant group.

The strikes targeted “a cluster of buildings” south of the capital Sanaa used by Houthis to manufacture drones, which the group uses to attack ships at sea, Britain’s Ministry of Defence said in a statement released Wednesday.

The Royal Air Force sent Typhoon fighter jets to target those buildings, dropping precision bombs after dark following “very careful planning … to allow the targets to be prosecuted with minimal risk to civilians or non-military infrastructure,” the statement said. All the aircraft returned safely, it added.

The Iran-backed Houthis began a military campaign in solidarity with Palestinians when Israel went to war in Gaza in October 2023. They have repeatedly attacked US Navy ships and commercial vessels in the Red Sea and the Gulf of Aden – two waterways that are critical to international shipping routes – and fired missiles at Israel.

In response, the US has tried to disrupt the Houthis’ capabilities by going after their primary weapons, and by destroying maritime drones and underwater drones.

The UK has participated in joint strikes with the US against the Houthis before, including numerous operations in 2024.

But Wednesday’s statement marks its first acknowledgment of a joint strike since President Donald Trump launched his aggressive military campaign against the group, vowing to use “overwhelming force” to stop the Red Sea attacks.

Tuesday’s joint operation “was in line with long-standing policy of the UK government, following the Houthis initiating their campaign of attacks in November 2023, threatening freedom of navigation in the Red Sea, striking international ships, and killing innocent merchant mariners,” said the ministry statement.

John Healey, the UK’s defense secretary, said the strikes aimed to prevent further Houthi attacks, adding that a 55% drop in shipping through the Red Sea had caused regional instability and damaged the UK’s economy.

Since Trump began his campaign – known as “Operation Rough Rider” – on March 15, US airstrikes have pounded Houthi targets in Yemen, hitting oil refineries, airports and missile sites. The US military acknowledged carrying out over 800 individual strikes in its monthlong campaign, while analysts estimate dozens of Houthi military officers have been killed.

On Monday the Houthis alleged a US airstrike hit a prison holding African migrants, killing dozens.

In response, US Central Command said it was “aware of the claims of civilian casualties related to the US strikes in Yemen, and we take those claims very seriously. We are currently conducting our battle-damage assessment and inquiry into those claims.”

This post appeared first on cnn.com