O'Keeffe Stevens Advisory, an investment advisory firm, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. During Q2 2026, the market experienced notable dispersion between perceived AI losers and winners. The firm has made investments early in AI infrastructure companies, which yielded gains during market repricing. The second quarter experienced strong equity rallies, with the S&P 500 gaining 15.2% and the Nasdaq 21.4%, marking the best quarter since Q2 2020. While the software sector faced challenges, with the iShares Software ETF dropping ~27% before a rally, reflecting high volatility. This volatility is seen as an opportunity, despite the potential for 'dead money' in underperforming stocks. The firm remains cautious, focuses on owning durable businesses at reasonable prices, holding cash, and hedging risks to navigate unpredictability. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, O'Keeffe Stevens Advisory highlighted QUALCOMM Incorporated (NASDAQ:QCOM). QUALCOMM Incorporated (NASDAQ:QCOM) is a semiconductor and communication technology company focusing on the development and commercialization of foundational technologies for the wireless industry. On July 27, 2026, QUALCOMM Incorporated (NASDAQ:QCOM) closed at $170.04 per share. One-month return of QUALCOMM Incorporated (NASDAQ:QCOM) was -7.98%, and its shares gained 4.91% over the past 52 weeks. QUALCOMM Incorporated (NASDAQ:QCOM) has a market capitalization of $179.22 billion.
O'Keeffe Stevens Advisory stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q2 2026 investor update:
"QUALCOMM Incorporated (NASDAQ:QCOM) and Corning both appreciated materially in Q2. We trimmed both positions using a combination of options and stock sales.
Qualcomm faced a long-standing structural challenge: customer concentration in Apple, which is internally developing its own modem and transitioning away from Qualcomm silicon. Qualcomm hosted an investor day in June, with all eyes focused on their AI and datacenter strategy. Qualcomm has long been seen as a loser in AI stemming from higher memory prices driving down phone demand, and in turn QCOM's handset business. Qualcomm's diversiQcation strategy continues to play out. At the investor day, Qualcomm doubled its Qscal 2029 non-handset revenue goal to $40 billion, liVed its automotive revenue target to $10 billion, and struck a deal with Meta to supply data center CPUs for AI infrastructure, with production of its Dragonby C1000 slated for 2028. We trimmed due to the position becoming oversized in the portfolio, and risk/reward was no longer as attractive."

#qcom

Following 2026 market launches in France, Italy, Spain and Portugal, Geely-owned Zeekr has hired experienced automotive leader Tom Johnson to spearhead the UK market ahead of its launch.
Bringing over two decades of experience in the automotive industry, Johnson's background includes leadership roles at JLR and Bentley Motors.
He joins Zeekr from INEOS Automotive, where he served as Regional Director for the UK, MENA and Ireland markets.
Lothar Schupet, CEO of Zeekr Europe said: "This appointment further reinforces our commitment to the UK market, a key automotive market in Europe. Tom's background and decades of experience and passion in the industry will drive Zeekr's launch into the UK market, with the aim to start sales later this year and have Zeekr cars on UK roads by early 2027."
Tom Johnson added: "I'm delighted to join Zeekr at such an exciting point in its European growth. The brand has built strong momentum across Europe, and I'm looking forward to introducing UK customers to Zeekr's premium vehicles and helping build a successful long-term business in this important market."

#decades

City Different Investments, an investment management firm, released Q2 2026 investor update for its global equity strategies. A copy of the letter can be downloaded here. City Different global equity strategies delivered strong results in the second quarter, but trailed the global market driven by AI enthusiasm. Its Focused Global returned +7.08%, and Global Equity returned +5.36% during the quarter. This compared to the MSCI All Country World Index return of +14.93%. YTD, the strategies returned +11.28% and +5.29%, vs +11.25% for the index. The global strategies involve focused portfolios of long-only equities selected on a global basis, aimed at long-term investment potential. The firm remains optimistic about these portfolios, which are constructed based on long-term fundamental **** sments. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, City Different Investments highlighted Tidewater Inc. (NYSE:TDW). Tidewater Inc. (NYSE:TDW) provides offshore support vessels and marine support services to the offshore energy industry. On July 21, 2026, Tidewater Inc. (NYSE:TDW) closed at $78.09 per share, reflecting a market capitalization of $3.88 billion. Tidewater Inc. (NYSE:TDW) posted a one-month return of -7.14%, while its shares gained 35.75% over the past 52 weeks.
City Different Investments stated the following regarding Tidewater Inc. (NYSE:TDW) in its Q2 2026 investor update:
"Our biggest detractor this quarter was Tidewater Inc. (NYSE:TDW), a Texas-based owner of tugboats and offshore supply vessels for the energy industry. The U.S.–Iran ceasefire in June let the air out of energy and shipping stocks, but we believe that the multi-year supply-and-demand outlook for offshore vessels remains favorable."
Tidewater Inc. (NYSE:TDW) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 31 hedge fund portfolios held Tidewater Inc. (NYSE:TDW) at the end of the first quarter, compared to 36 in the previous quarter. While we acknowledge the potential of Tidewater Inc. (NYSE:TDW) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#city #different #quarter #offshore

Nvidia Corporation (NVDA), the famous Silicon Valley chipmaker powering much of today's artificial intelligence (AI) infrastructure boom, has become one of Wall Street's biggest market stars. The company has reinvented itself as the gold standard for AI computing, cementing its place at the center of the global semiconductor industry.
That leadership is the exact reason Wall Street continues to view Nvidia as the chip stock to beat heading into another earnings season. Oppenheimer recently named NVDA as its top chip stock heading into second-quarter earnings, arguing that the AI infrastructure buildout remains far from over.
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Analyst Rick Schafer sees hyperscale cloud providers pouring hundreds of billions into AI data centers, while enterprise AI, sovereign AI initiatives, and next-generation cloud platforms continue to widen Nvidia's runway. The **** yst expects the company's relentless product cadence – from Blackwell to Vera Rubin – to keep extending its technological lead, with future AI revenue opportunities still not fully reflected in estimates.
Let's dig into some details to understand why Oppenheimer remains firmly in Nvidia's camp heading into the Q2 earnings season.

Celsius Holdings, Inc. (NASDAQ:CELH) is one of the 10 Fastest Growing Consumer Stocks to Buy Now.
On July 9, 2026, Needham lowered the firm's price target on Celsius Holdings, Inc. (NASDAQ:CELH) to $55 from $75 and kept a Buy rating on the shares. Needham said expectations are low heading into Q2 earnings, but the firm is cautious on the setup and lowered revenue estimates to reflect recent scanner trends for both of Celsius' driver brands. Needham said fundamentals have slowed more quickly than expected, though a significant amount of bad news is already reflected in the shares, and called the current risk/reward setup "compelling" with a cleaner 2027 ahead.
On June 30, UBS lowered the firm's price target on Celsius to $50 from $55 and kept a Buy rating on the shares. UBS said management is still optimizing SKUs and shelf ****** e, while core fruit flavors remain resilient despite weakness in newer product lines. UBS sees attractive upside from a potential return to organic revenue growth and double-digit earnings growth by 2027.
IVASHstudio/Shutterstock.com
On June 25, Roth Capital lowered the firm's price target on Celsius to $57 from $65 and kept a Buy rating on the shares. Roth reduced estimates ahead of the Q2 report to reflect slower growth in the North America energy drink category relative to 2025, and said market share for the Celsius brand continues to lag expectations. Still, Roth expects Alani to outperform the energy category and the Celsius brand to show better year-over-year performance in the back half of 2026.

What happened: Taiwan Semiconductor Manufacturing (TSM) stock moved 4% lower in premarket trading on Thursday.
What's behind the move: The world's largest semiconductor manufacturer posted record second quarter revenue of $40.2 billiion and raised its capital spending and revenue outlook for the year, underscoring growing demand for AI chips and data centers.
TSMC, which is the primary chip supplier for Nvidia (NVDA), now expects capital expenditures of $60 billion to $64 billion in 2026, at least $4 billion above its previous forecast.
The outlook comes as investors scrutinize companies' AI spending and whether it will translate to profits.
What else you need to know: While the company said in the third quarter it sees strong demand, management warned of rising prices.

Updated July 09, 2026, 4:28 pm EDT / Original July 09, 2026, 8:37 am EDT
Honeywell Technologies
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made a big adjustment to its financial guidance. Investors shouldn’t overreact, but they should pay attention. There is one risk to consider.
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$975,000 covers a single Charleston retiree's $36,000 annual portfolio gap at a 3.7% withdrawal rate, **** uming Social Security covers the rest.
A 5% coastal wind deductible on a $500,000 home creates a $25,000 out-of-pocket exposure, which is why maintaining a dedicated insurance reserve somewhere between $30,000 and $40,000 is considered essential.
Delaying Social Security from 65 to 67 raises the inflation-protected monthly benefit and measurably shrinks the portfolio withdrawal burden for life.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A $975,000 portfolio can look like a comfortable retirement at 65, but Charleston is not a place where the headline number tells the whole story. The city offers history, healthcare access, beaches, restaurants, and a strong retirement draw. It also brings coastal home prices, flood exposure, and insurance costs that can turn a simple budget into a much tighter plan. The real question is not whether $975,000 can work in Charleston. It is whether the plan prices the coast honestly.

AST ******* eMobile, Inc. (NASDAQ:ASTS) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday's market rotation. A caller inquired what one should do if they do not have a position in the stock. Here's what Cramer had to say:
I think it's a great speculative stock. I really do… I think it can make money in two years. I would go for it. I really would, especially because it's just taking that break.
Photo by Artem Podrez on Pexels
AST ******* eMobile, Inc. (NASDAQ:ASTS) builds and operates the BlueBird satellite network. The company delivers ******* e-based cellular broadband that connects directly to standard smartphones. An Investing Club member inquired about the stock during the June 18 episode, and Cramer responded:
Alright, now, we looked at all these satellite and rocket stocks and came back with a very mixed view of them because they're so hit or miss. This one right now is on the miss cycle. Now, strangely, when in the miss cycle, I like them. When they hit… hit cycle, I don't. This is low enough that I think you ought to take, it's a flier, remember, you're allowed to have, every five stocks, you can have one that is speculative. For every five stocks… of that I want rigor, you can have one that is just about your heart. How about that? And anyway, it is passion versus rigor, and it's speculation versus pure investment. I don't mind people having one of each and one of each.