Greenhaven Road Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund achieved an approximate 11% net return in the second quarter, indicating progress from the first quarter. Key changes to the portfolio will include lower concentration and increased investments with near-term catalysts, alongside a proactive stance on profit-taking. The focus will remain on owning strong businesses and conducting research that challenges consensus views, as several major investments are poised for significant events within the year. Despite declines in market multiples, underlying businesses continue to grow, suggesting a favorable positioning for returns. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Greenhaven Road Capital highlighted AnaptysBio, Inc. (NASDAQ:ANAB) as a newly added position. AnaptysBio, Inc. (NASDAQ:ANAB) is a clinical-stage biotechnology company focusing on immunology therapeutics for autoimmune and inflammatory diseases. On August 14, 2026, AnaptysBio, Inc. (NASDAQ:ANAB) closed at $58.47 per share, reflecting a market capitalization of $1.73 billion. AnaptysBio, Inc. (NASDAQ:ANAB) posted a one-month return of 16.27%, while its shares gained 338.15% over the past 52 weeks.
Greenhaven Road Capital stated the following regarding AnaptysBio, Inc. (NASDAQ:ANAB) in its Q2 2026 investor letter:
"Many of our investments require patience. Rather than a clear near-term catalyst, they offer an advantaged product or management team that can build the business and compound value over time. This quarter, we invested in AnaptysBio, a situation that may not require as much patience.
AnaptysBio, Inc. (NASDAQ:ANAB) is a drug royalty company. In 2014, Tesaro licensed a portfolio of pre-clinical antibodies from AnaptysBio. Tesaro, then a small company with $180M in cash, paid AnaptysBio $17M under an agreement designed for two small companies. The agreement included exclusivity and notification provisions and required Tesaro to seek an "optimal commercial return" for AnaptysBio's drugs, which were still in clinical trials.

#road #company #letter

The S&P 500 Index ($SPX) (SPY) is down by -0.15% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.28%. E-mini S&P futures (ESU26) are down -0.17%, and September E-mini Nasdaq futures (NQU26) are up +0.22%.
Stock indices are mixed today, with the Dow Jones Industrials falling to a 2-week low. The strength in technology stocks is lifting the broader market today after stellar revenue growth at Anthropic PBC bolstered the view that spending on artificial intelligence will be sustained. Anthropic told prospective investors that its Q2 revenue jumped by at least 14-fold from the same period last year, according to a report today by Bloomberg. However, the weakness in software stocks is weighing on the Dow Jones Industrial Average.
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#today #anthropic

Following the Washington-led removal of Venezuela's previous president, Nicolás Maduro, from office on 3 January this year, U.S. firms are pushing hard to keep increasing oil production from the hydrocarbons giant, in line with President Donald Trump's grand plans for the country within his new world order. The foundation for such output increases is extremely solid, as Venezuela still holds the world's largest proven crude reserves -- roughly 303 billion barrels, or about 17% of the global total. Most of this is extra-heavy crude oil from the Orinoco Belt that requires more technical expertise to handle than lighter grades but is cheaper to lift and often more profitable to process, with the challenge lying in transporting, upgrading, and refining it, not extracting it. Moreover, of its 14 supergiant oil fields, 11 retain more than half of their original reserves. Once up and running to something approaching full capacity, the country is to play a key role in the 'Americas' geographical sphere -- one of three such regions, as delineated recently in the U.S.'s '2025 National Security Strategy' -- so where are we now in this development arc following comments in the past week or so from U.S. oil and gas giant, Chevron?
According to chief financial officer Eimear Bonner, during a recent earnings call, the U.S. supermajor has increased its oil production in Venezuela from 40,000 barrels per day (bpd) to 250,000 bpd over the past few years. And, based solely on its three current joint ventures in the country, output has risen over just the past six months by 12% year on year to 280,000 bpd. This followed the mid-April announcement of an **** et-swap agreement with Petróleos de Venezuela, S.A. (PDVSA), under which Chevron received an additional 13.21% interest in the Petroindependencia joint venture, increasing its total stake to 49%. The U.S. firm's other two joint ventures include Petropiar (in which a Chevron subsidiary holds a 30% interest and has the rights to develop the adjacent Ayacucho 8 area in the Orinoco Oil Belt), and Petroindependiente (in which it has a 25.2% non-operated interest in the west of the country). Looking ahead, Bonner added that Chevron expects its production across Venezuela to rise by 50% between now and the end of 2028, which would bring the total up to 420,000 bpd. Across the country as a whole, July saw average crude oil production by Venezuelan state oil company PDVSA and its foreign partners increase by 20,000 bpd to 1.21 million bpd, according to Ministry of Hydrocarbons data. Nearly all of this is now exported, compared to an average of 847,000 bpd in 2025. That said, back in the early 2000s, Venezuela's crude production was running at over 3 million barrels per day.

#crude #past #joint

Greenhaven Road Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund achieved an approximate 11% net return in the second quarter, indicating progress from the first quarter. Key changes to the portfolio will include lower concentration and increased investments with near-term catalysts, alongside a proactive stance on profit-taking. The focus will remain on owning strong businesses and conducting research that challenges consensus views, as several major investments are poised for significant events within the year. Despite declines in market multiples, underlying businesses continue to grow, suggesting a favorable positioning for returns. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Greenhaven Road Capital highlighted Burford Capital Limited (NYSE:BUR). Burford Capital Limited (NYSE:BUR) is a leading legal finance company that offers litigation finance, ****** et recovery and ****** et management services. On August 14, 2026, Burford Capital Limited (NYSE:BUR) closed at $4.37 per share, reflecting a market capitalization of $959.58 million. Burford Capital Limited (NYSE:BUR) posted a one‑month return of 8.71%, while its shares lost 67.89% over the past 52 weeks."
Greenhaven Road Capital stated the following regarding Burford Capital Limited (NYSE:BUR) in its Q2 2026 investor letter:
"Burford Capital Limited (NYSE:BUR) is the 800-pound gorilla of litigation finance. It sees the most cases and has the best settlement data, giving it an advantage in selecting and funding cases profitably. More than 285 funded cases have concluded; 90% ended in a win or profitable settlement. Those investments produced an 82% return on invested capital over a weighted average life of 2.6 years, resulting in a 25% IRR.
As outlined in previous letters and the presentation sent last quarter, Burford has invested more than $150M in price-fixing cases involving proteins—chicken, beef, turkey, and pork. For much of that capital, Burford retains all of the upside rather than sharing it with a client, and it controls when the cases settle.

#capital #limited #road

Greenhaven Road Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund achieved an approximate 11% net return in the second quarter, indicating progress from the first quarter. Key changes to the portfolio will include lower concentration and increased investments with near-term catalysts, alongside a proactive stance on profit-taking. The focus will remain on owning strong businesses and conducting research that challenges consensus views, as several major investments are poised for significant events within the year. Despite declines in market multiples, underlying businesses continue to grow, suggesting a favorable positioning for returns. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Greenhaven Road Capital highlighted Kingsway Corporation (NYSE:KWY). Kingsway Financial Services Inc. changed its name to Kingsway Corporation (NYSE:KWY) in May 2026. Kingsway Corporation (NYSE:KWY) is a Chicago-based holding company that operates in extended warranty and business services. On August 14, 2026, Kingsway Corporation (NYSE:KWY) closed at $9.94 per share, reflecting a market capitalization of $284.54 million. Kingsway Corporation (NYSE:KWY) posted a one‑month return of 4.85%, while its shares lost 29.50% over the past 52 weeks.
Greenhaven Road Capital stated the following regarding Kingsway Corporation (NYSE:KWY) in its Q2 2026 investor letter:
"With no sell-side coverage and roughly 60% insider ownership, Kingsway Corporation (NYSE:KWY) is effectively ignored by the market. The free float is small, and the business is genuinely hard to **** yze. It is transforming from a messy conglomerate into an N of 1 public company built around the search model. A legacy warranty business still has to be sold, but the signs of progress are tangible: management has **** embled a portfolio of nine companies.
In the first two years after an acquisition, earnings are typically depressed while capital goes into professionalizing the business and building out sales. Even so, the ramp in quarterly EBITDA for the KSX (Search) segment is already visible. Eight quarters ago, segment EBITDA was $1.4M. It nearly doubled to $2.6M two quarters ago, and last quarter it reached $3.5M, in a seasonally slow period. Given guidance for organic growth and the strength of the underlying businesses, there is a credible path to segment EBITDA of $6M+ per quarter this year..." (Click here to read the full text)

#road #letter #business

HIVE Digital Technologies (NASDAQ:HIVE) has secured a $350 million AI cloud services agreement through its BUZZ HPC subsidiary, adding about $70 million in annualized revenue under a five-year contract with an investment-grade enterprise customer.
The deal increases BUZZ HPC's total annualized revenue to approximately $180 million and commits HIVE to deploying a new 2,016-GPU AI infrastructure cluster later in 2026, making execution and financing of that buildout key areas for investors to monitor.
The $350 million AI cloud services agreement provides BUZZ HPC with five years of contracted revenue visibility from an investment-grade enterprise customer.
HIVE (NASDAQ:HIVE) says the contract adds approximately $70 million of ARR, taking total BUZZ HPC annualized revenue to roughly $180 million.
Around $145 million of BUZZ HPC's total contracted ARR is expected to come online through Q4 2026, compared with approximately $35 million of active, realized ARR today.

#approximately #NASDAQ #cloud #Services

On August 6, Nature's Sunshine Products (NASDAQ:NATR) held its second-quarter earnings call, and the numbers told two very different stories at once. Net sales hit $117 million, the strongest second quarter in the company's history. Gross margin climbed to 73.7%, the highest level in over four years. Yet management also cut its full-year sales and profit guidance, pointing to currency swings and a sudden reversal in China. The tension between a record quarter and a lowered forecast defines where this stock stands today.
North America digital sales grew 26% year-over-year in the quarter, and new customers acquired through the digital channel rose by the same amount. Autoship subscriptions made up 36% of website orders, while the newer social commerce channel jumped 177%, with autoship accounting for 60% of that revenue. Management noted that subscription customers carry a lifetime value more than three times higher than other buyers. The digital business overall is on pace to reach $50 million in sales by the end of 2026, just five years after it launched.
Growth outside China held up too. ****** an sales jumped 50%, and the company's Synergy Eagle system, which operates in ****** an, Taiwan and Korea, grew sales 11% with China excluded from the Asia Pacific total. Europe sales rose 4% to $26.7 million. The company also strengthened its leadership bench, naming Ruth Perkins, a finance veteran of Ford, Estee Lauder and PepsiCo, as CFO effective September 1, and Janine Weber, who helped build Rodan + Fields into a $1 billion skin care brand, as President of North America effective August 10.
China sales fell 20% in the quarter, a sharp reversal from growth that had exceeded 30% over the prior year, which management attributed to unspecified operational issues. That slowdown, combined with currency headwinds, pushed the company to lower its full-year net sales guidance to a range of $490 million to $500 million, down from $500 million to $515 million, and to cut its EBITDA guidance to $48 million to $52 million from $50 million to $54 million. SG&A expenses rose to $44.9 million from $43.7 million a year earlier, and management expects that figure to run between $45 million and $47 million for the rest of the year as growth investments ramp up. Volume incentives climbed to 30.6% of net sales from 29.9%.
The company also spent part of the quarter without a permanent CFO after Shane Jones departed in June, and executives acknowledged that the North American direct selling business has been under pressure for some time, with a planned overhaul not arriving until early 2027.

#sales #digital

At least one Wall Street ******* yst is skeptical that private equity firm Silver Lake will pull off a deal to acquire software maker Workday (WDAY). Workday stock popped on Feb. 13 amid reports of Silver Lake's interest but has cooled off the next two trading sessions.
In early 2026, Workday Cofounder and Executive Chairman Aneel Bhusri returned as chief executive officer. Slowing subscription revenue growth has pressured Workday stock. UBS ******* yst Karl Keirstead in a report on Monday said that private equity firm Silver Lake in unlikely to buy out the enterprise software maker.
"From the perspective of Workday, the founder only returned to the CEO role in February with an apparent mission to invest in the AI suite and accelerate growth," Keirstead said. "For him (and the board) to turn around in a matter of months and negotiate a sale, at a historically depressed free cash flow multiple and before any material time for Workday to realize any upside from these investments, strikes us as very surprising."
Second-quarter earnings are due for Workday stock on Aug. 27.
Other software stocks, including SAP (SAP) and Oracle (ORCL), climbed last week amid speculation over a Workday buyout. There has been growing investor concern that software-as-a-service companies could be disrupted by artificial intelligence-driven competition, an event referred to as a" SaaSpocalypse."

#private

On August 7, Hawaiian Electric (NYSE:HE) reported second-quarter net income of $123.2 million, or $0.71 per share, numbers that look strong at first glance. Much of that gain traces back to a non-cash Maui wildfire settlement adjustment, not the underlying business, and core net income actually dropped once it's stripped out. The quarter tells the story of a utility making real regulatory progress on wildfire recovery and grid investment while its day-to-day operating costs keep climbing.
Hawaiian Electric has cleared several regulatory hurdles this year. In June, the Public Utilities Commission approved recovery of roughly $350 million in Wildfire Mitigation Plan spending, and the company now plans to finance that spending through securitization under Act 258 rather than the more limited Exceptional Project Recovery Mechanism, a move it says lowers the cost to customers.
The commission also accepted the company's rate rebasing methodology in June, and Hawaiian Electric resubmitted its request last month seeking a total base rate increase of $170 million phased in over two years, with $125 million taking effect in 2027 if the commission issues an interim decision by December 18. On the generation side, the company submitted a request for proposals on July 17 ahead of the August 7 issuance date, seeking nearly 1,650 gigawatt-hours of renewable energy, one of the largest competitive procurements in state history. Credit agencies have taken notice, with S&P upgrading Hawaiian Electric one notch in July, following Moody's upgrade in April.
The cost side of the ledger tells a rougher story. Core net income and earnings per share fell to $22.5 million and $0.13 in the quarter, down from $35.4 million and $0.20 a year earlier, and utility core net income slipped to $32.6 million from $42.5 million. Higher interest expense from last September's high-yield debt issuance is part of the drag, along with increased spending on vegetation management, generation overhauls, and inspection and maintenance. The company also lost a deferral it used last year for roughly $28 million in wildfire-related expenses, including insurance premiums, and it is now absorbing storm response costs from the severe flooding that hit Hawaii in February and March.
Management expects to hit the maximum penalty under its Fuel Cost Risk Sharing Mechanism this year and to book a loss under its performance incentive mechanisms. Regulators are also pushing back in places. On August 5, the commission told Hawaiian Electric it needs to demonstrate a clear need before it can proceed with a proposed request for up to 500 megawatts of additional firm generation capacity on Oahu.

#million #wildfire #august #core

TORONTO — Kelsey Mitchell left the Indiana Fever's bench and headed to the locker room in the fourth quarter of the win over the Toronto Tempo because she started overheating, Fever coach Stephanie White said.
Scotiabank Arena, which is not the Tempo's typical home arena, was atypically warm on Tuesday night. It's the second-straight game the Fever have played in a warmer-than-usual arena, as State Farm Arena in Atlanta (not the Dream's typical home venue, either) was also unseasonably warm compared to the chilly Gainbridge Fieldhouse in Indianapolis — all three NBA arenas, too.
"It seems like she just got overheated," White said. "I mean, this is two games in a row where we played in really, really hot environments, so all indications right now is that she was just overheated."
The Fever star, who tied a WNBA record with her 20th straight games scoring 20 or more points, checked out of the game for the final time with 24 seconds remaining in the third quarter. She went back to the locker room in the fourth quarter and did not return to the bench for the rest of the game. She finished with 29 points on 11-of-16 shooting.
Buy 2026 Indiana Fever tickets!

#fever #quarter #toronto

KBW kept its Market Perform rating and $4.50 price target on HIVE (NASDAQ: HIVE) on Monday after the operator posted better-than-expected EBITDA and expanded its contracted AI cloud revenue. The target implies about 67% upside from the $2.69 share price cited in the note.
Analyst Stephen Glagola said HIVE generated fiscal first-quarter 2027 revenue of $79.1 million, above KBW's $77.9 million estimate but below the $82.2 million consensus. Gross margin reached 30.6%, compared with KBW's 29.7% forecast.
KBW-defined EBITDA was $15.2 million, topping the bank's $13.2 million estimate and the $11.7 million consensus. Cash G&A declined 4% sequentially to $9 million, versus KBW's $9.9 million estimate, while HIVE's adjusted EBITDA was $13.4 million.
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HIVE's AI cloud subsidiary has secured two multi-year reserved GPU contracts in British Columbia since its previous earnings call. The agreements carry combined annual recurring revenue of about $143 million, modestly above KBW's $135 million model and prior management guidance.

#estimate #price #cloud

Waltham, Massachusetts-based Thermo Fisher Scientific Inc. (TMO) provides life sciences solutions, ****** ytical instruments, specialty diagnostics, and laboratory products and biopharma services internationally. The company has a market cap of $217.5 billion and operates through four segments: Life Sciences Solutions, ****** ytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services.
Shares of Thermo Fisher have slightly lagged behind the broader market over the past year, surging 20.3% compared to the S&P 500 Index's ($SPX) 20.4% surge. Moreover, in 2026, the stock has grown by nearly 1.5%, also underperforming SPX's 13.7% gain.
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#specialty

Voya Investment Management, an investment management company, released its second-quarter 2026 investor letter for its "Voya MI Dynamic Small Cap Fund." A copy of the letter can be downloaded here. US Equity markets rebounded strongly in the second quarter of 2026, recovering from geopolitical tensions that nearly pushed the S&P 500 Index into correction territory. Technology dominated the landscape, powered by increasing AI adoption, while industrials benefited from strong capital expenditure. Small-cap and growth stocks outperformed; investors grew selective amid concerns about returns, competition, and regulation. The Fund outperformed the Index, benefitting from stock selection in energy, consumer discretionary, and health care sectors. Overall market performance could become more volatile due to rising costs and increased supply from IPOs and secondary issuances. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Voya MI Dynamic Small Cap Fund highlighted Tronox Holdings plc (NYSE:TROX), which accounted for 0.40% of the portfolio, detracted from performance during the quarter. Incorporated in 2018, Tronox Holdings plc (NYSE:TROX) is a vertically integrated mining company and leading manufacturer of TiO2 pigment. On August 14, 2026, Tronox Holdings plc (NYSE:TROX) closed at $5.96 per share. The one-month return of Tronox Holdings plc (NYSE:TROX) was 0.17%, and its shares gained 46.08% over the past 52 weeks. Tronox Holdings plc (NYSE:TROX) has a market capitalization of $951.8 million.
Voya MI Dynamic Small Cap Fund stated the following regarding Tronox Holdings plc (NYSE:TROX) in its Q2 2026 investor letter:
"The overweight position in Tronox Holdings plc (NYSE:TROX), a **** anium dioxide pigment producer, was primarily driven by risk management reasons and had a negative impact on performance. The stock was pressured by softer earnings guidance, high leverage concerns, and competitive headwinds including elevated Chinese export volumes."
Tronox Holdings plc (NYSE:TROX) 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 Tronox Holdings plc (NYSE:TROX) at the end of the first quarter, compared to 32 in the previous quarter. While we acknowledge the potential of Tronox Holdings plc (NYSE:TROX) 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.

#voya #small #letter

The dollar index (DXY00) fell to a 2.25-month low today and is down by -0.18%. The dollar extended last week's losses today after a raft of weaker-than-expected US economic news dialed back expectations of tighter Fed policy. The chance of a Fed rate hike next month has dropped to 31% from about 75% in late July.
The dollar is also being undercut by reduced safe-haven demand as President Trump appears to have given up on plans for any new major military attack on Iran for the time being, favoring economic pressure instead. Treasury Secretary Bessent said last Friday that the administration will soon announce unprecedented economic measures against Iran that "have never been seen in the history of economic isolation of a country." Yet, the military conflict continues as there were reports that Iran attacked two Abu Dhabi oil vessels in the Strait of Hormuz on Thursday night.
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#economic #Iran #silver #soon

After spending roughly a quarter-century working in technology, James Strawn never expected his next career move would involve getting behind the wheel of a 40-foot school bus.
Strawn, a Colorado resident who spent most of his career in tech, worked at Adobe for 25 years, including as a senior software quality engineer. But after he was laid off in 2025, he found himself facing a job search that proved far more difficult than he had anticipated.
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#dave

Charter operator Global Crossing Airlines has dismissed a breach-of-contract lawsuit against Ascent Global Logistics, its one-time largest shareholder, and terminated their exclusive brokerage agreement, ending a saga that contributed to the carrier's persistent difficulty generating business for its cargo fleet.
Miami-based Global Crossing, or GlobalX, sued Ascent Global Logistics on June 4 for $30 million in damages, alleging the former investment partner failed to honor an agreement to steer air cargo business its way and instead ******* igned charter work to USA Jet Airlines, its expedited on-demand freighter subsidiary with a large roster of automotive clients.
Signs quickly emerged that GlobalX (OTCQB: JETMF) got cold feet over fighting a larger partner, but an agreement to drop the lawsuit and settle differences wasn't made official until last week. The companies said they have ended their 2023 exclusive brokerage agreement. GlobalX has also agreed to payment terms for amounts owed to Ascent, according to a joint news release.
Payment terms were not disclosed, but it was publicly known that Ascent demanded the remaining $1.94 million balance of a $2.5 million prepayment to GlobalX to provide cargo flights to its customers. GlobalX claimed that Ascent, headquartered in Belleville, Michigan, only referred a handful of flights over a three-year period.
Most of GlobalX's business comes from contract flying for professional and college sports teams, the Department of Homeland Security, and other groups. But the startup company also controls four Airbus A321 narrowbody converted freighters that have never been able to deliver consistent cargo business, partly due to Ascent's efforts to stymie GlobalX in the North American regional market.

#agreement #Logistics

On August 10, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang unveiled what he calls his "big concept" for AI financing on CNBC, standing alongside leaders from Goldman Sachs, BlackRock, Blackstone, KKR, Apollo, and Brookfield. Together, the group says it will raise $500 billion, and potentially more, from outside investors to build new AI data centers.
KKR & Co. Inc. (NYSE:KKR)'s head of digital infrastructure, Waldemar Szlezak, described the shift plainly: "You can think about it as a revenue stream."
NVIDIA Corporation (NASDAQ:NVDA) already tried a similar move once before. Almost 11 months ago, it announced a plan to invest up to $100 billion in OpenAI for data centers needing 10 gigawatts of power, but that investment never fully materialized.
That history raises a real question: does this new $500 billion plan mark a genuine shift in how AI gets financed, or another ambitious announcement that outruns the actual contracts behind it?
Nvidia's chips seem to hold real value over time, since customers keep using older-generation GPUs long after a newer model ships. NVIDIA Corporation (NASDAQ:NVDA) also gets the option to backstop 25% of any loan made under the plan, which should help borrowers land better rates than relying on their own credit alone. Big Tech has already shown this kind of financing works at scale: Alphabet, Amazon, Meta, Microsoft, and Oracle together raised more than $150 billion in debt and equity this year, and Intel raised its own stock offering from $15 billion to $20 billion.

#billion #NVIDIA #together

Valued at a market cap of $220.6 billion, Seagate Technology Holdings plc (STX) is a pioneer in mass-capacity data storage, delivering advanced solutions that help hyperscale cloud providers, enterprises, and consumers unlock the full value of their data. With more than 45 years of innovation, Seagate continues to drive sustainable, high-performance storage solutions that support digital transformation and growth at scale.
Shares of the electronic storage maker have significantly outpaced the broader market over the past 52 weeks. STX stock has climbed 539.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.6%. Moreover, shares of the company have surged 258.7% on a YTD basis, compared to SPX's 13.6% gain.
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#seagate #shares #valued

Latest 13F filings show that billionaire Stanley Druckenmiller's Duquesne Family Office increased its holding in United Airlines Holdings, Inc. (NASDAQ: UAL) by over 200%, ending the June quarter with 794,795 shares.
United Airlines Holdings, Inc. (NASDAQ: UAL) recent quarterly results showed revenue jumped 16% year over year. EPS also beat expectations, despite declines due to fuel cost pressures. Management said the company sees a recovery in fuel cost pressure in fiscal Q3, with full recovery by Q4.
Valuation
UAL trades at a forward P/E of 12.10, a 43% discount to the industrials sector median of 21.24. The stock looks even cheaper on a growth-adjusted basis: its forward PEG ratio of 0.68 is well below the sector median of 1.69, meaning the market is pricing in far less earnings growth than ****** ysts actually expect. Consensus estimates put UAL's P/E falling to 8.11 by 2027 and 6.93 by 2028, as EPS growth is projected to jump 49% in 2027 and another 17% in 2028, after a flat 2026. If the company hits those targets, the stock would look severely underpriced at today's $124.50, and that gap is what would eventually push the price higher as investors catch on.
Bull Case

#Growth #cost

Voya Investment Management, an investment management company, released its second-quarter 2026 investor letter for its "Voya MI Dynamic Small Cap Fund." A copy of the letter can be downloaded here. US Equity markets rebounded strongly in the second quarter of 2026, recovering from geopolitical tensions that nearly pushed the S&P 500 Index into correction territory. Technology dominated the landscape, powered by increasing AI adoption, while industrials benefited from strong capital expenditure. Small-cap and growth stocks outperformed; investors grew selective amid concerns about returns, competition, and regulation. The Fund outperformed the Index, benefitting from stock selection in energy, consumer discretionary, and health care sectors. Overall market performance could become more volatile due to rising costs and increased supply from IPOs and secondary issuances. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Voya MI Dynamic Small Cap Fund highlighted Flowserve Corporation (NYSE:FLS), which accounted for 1.38% of the portfolio, detracted from performance during the quarter. Flowserve Corporation (NYSE:FLS) is an industrial company that focuses on industrial flow management equipment. On August 14, 2026, Flowserve Corporation (NYSE:FLS) closed at $80.87 per share. The one-month return of Flowserve Corporation (NYSE:FLS) was 21.17%, and its shares gained 51.95% over the past 52 weeks. Flowserve Corporation (NYSE:FLS) has a market capitalization of $10.28 billion.
Voya MI Dynamic Small Cap Fund stated the following regarding Flowserve Corporation (NYSE:FLS) in its Q2 2026 investor letter:
"Our position in non-benchmark stock Flowserve Corporation (NYSE:FLS). was driven by the machine learning models' positive view of its valuation (earnings before interest, taxes, depreciation, and amortization (EBITDA)) and short interest features. Flowserve, a supplier of industrial pumps and valves, had a negative impact on performance. Shares weakened after declining organic sales, reduced growth outlook, and activist investor pressure questioning management execution."
Flowserve Corporation (NYSE:FLS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 48 hedge fund portfolios held Flowserve Corporation (NYSE:FLS) at the end of the first quarter, compared to 51 in the previous quarter. While we acknowledge the potential of Flowserve Corporation (NYSE:FLS) 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.

#quarter

Voya Investment Management, an investment management company, released its second-quarter 2026 investor letter for its "Voya MI Dynamic Small Cap Fund." A copy of the letter can be downloaded here. US Equity markets rebounded strongly in the second quarter of 2026, recovering from geopolitical tensions that nearly pushed the S&P 500 Index into correction territory. Technology dominated the landscape, powered by increasing AI adoption, while industrials benefited from strong capital expenditure. Small-cap and growth stocks outperformed; investors grew selective amid concerns about returns, competition, and regulation. The Fund outperformed the Index, benefitting from stock selection in energy, consumer discretionary, and health care sectors. Overall market performance could become more volatile due to rising costs and increased supply from IPOs and secondary issuances. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Voya MI Dynamic Small Cap Fund highlighted Mueller Water Products, Inc. (NYSE:MWA). Headquartered in Atlanta, Georgia, Mueller Water Products, Inc. (NYSE:MWA) is an infrastructure company that produces and markets products and services for the transmission, distribution, and measurement of water. On August 14, 2026, Mueller Water Products, Inc. (NYSE:MWA) closed at $25.54 per share. One-month return of Mueller Water Products, Inc. (NYSE:MWA) was -5.95%, and its shares gained 3.78% over the past 52 weeks. Mueller Water Products, Inc. (NYSE:MWA) has a market capitalization of $3.98 billion.
Voya MI Dynamic Small Cap Fund stated the following regarding Mueller Water Products, Inc. (NYSE:MWA) in its Q2 2026 investor letter:
"The overweight position in Mueller Water Products, Inc. (NYSE:MWA), a water infrastructure equipment manufacturer, was driven by was driven by the machine learning models' positive view of its volatility and short interest features and had a negative impact on performance. Despite strong operational results, shares lagged due to broader investor concerns over water infrastructure spending and regulatory scrutiny affecting the sector."
Mueller Water Products, Inc. (NYSE:MWA) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held Mueller Water Products, Inc. (NYSE:MWA) at the end of the first quarter, the same as in the previous quarter. While we acknowledge the potential of Mueller Water Products, Inc. (NYSE:MWA) 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.

#NYSE #small #quarter

Microsoft (MSFT) shareholders got another reminder this week that even the biggest tech players are watching expenses but are pouring billions into AI investments. The company's social network site LinkedIn is reported to be shutting down its research and development center in Israel and laying off nearly all the center's roughly 50 employees.
The Tel Aviv center opened only in 2022 when Microsoft acquired the Israeli ******* ytics startup Oribi for an estimated $80 million to $90 million and incorporated the company's technology into LinkedIn Marketing Solutions. This number laid off is small compared to Microsoft's huge workforce, but the timing is rather interesting. On the one hand, Microsoft is increasing the budget for AI infrastructure. But on the other hand, the company is trying to find areas where expenses can be cut. That is why the move to shut down the LinkedIn center is not so much a signal about the lack of demand, but an example of resource allocation by Big Tech.
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#Linkedin #reported #down

Voya Investment Management, an investment management company, released its second-quarter 2026 investor letter for its "Voya MI Dynamic Small Cap Fund." A copy of the letter can be downloaded here. US Equity markets rebounded strongly in the second quarter of 2026, recovering from geopolitical tensions that nearly pushed the S&P 500 Index into correction territory. Technology dominated the landscape, powered by increasing AI adoption, while industrials benefited from strong capital expenditure. Small-cap and growth stocks outperformed; investors grew selective amid concerns about returns, competition, and regulation. The Fund outperformed the Index, benefitting from stock selection in energy, consumer discretionary, and health care sectors. Overall market performance could become more volatile due to rising costs and increased supply from IPOs and secondary issuances. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Voya MI Dynamic Small Cap Fund highlighted Extreme Networks, Inc. (NASDAQ:EXTR), a cloud‑driven enterprise networking company that develops and markets network infrastructure equipment and related software. Representing 1.10% of the portfolio, Extreme Networks, Inc. (NASDAQ:EXTR) contributed positively to the Fund's performance during the quarter. On August 14, 2026, Extreme Networks, Inc. (NASDAQ:EXTR) closed at $24.41 per share, reflecting a market capitalization of $3.20 billion. Extreme Networks, Inc. (NASDAQ:EXTR) posted a one-month return of -19.39%, while its shares gained 22.85% over the past 52 weeks.
Voya MI Dynamic Small Cap Fund stated the following regarding Extreme Networks, Inc. (NASDAQ:EXTR) in its Q2 2026 investor letter:
"The overweight position in Extreme Networks, Inc. (NASDAQ:EXTR), a provider of enterprise networking solutions, had a positive impact on performance. The stock gained after delivering solid earnings with double-digit revenue growth and expanding margins driven by momentum in AI-enabled networking platforms. The overweight was driven by the machine learning models' positive view of its quality (research and development (R&D), capital efficiency), and short interest features."
Extreme Networks, Inc. (NASDAQ:EXTR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 41 hedge fund portfolios held Extreme Networks, Inc. (NASDAQ:EXTR) at the end of the first quarter, up from 37 in the previous quarter. While we acknowledge the potential of Extreme Networks, Inc. (NASDAQ:EXTR) 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.

#voya

Dublin, Ireland-based Aon plc (AON) operates as a professional services firm in the United States and internationally. Valued at a market cap of $75.5 billion, the company operates through Risk Capital and Human Capital segments and offers commercial risk solutions comprising retail and insurance brokerage, specialty solutions, global risk consulting, captives management, and more.
AON stock has lagged behind the broader market over the past year, declining 2.9% compared to the S&P 500 Index's ($SPX) 20.4% surge. Moreover, in 2026, the stock has grown by nearly 1%, underperforming the SPX's 13.7% rise.
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#Stock #dublin #ireland

Voya Investment Management, an investment management company, released its second-quarter 2026 investor letter for its "Voya MI Dynamic Small Cap Fund." A copy of the letter can be downloaded here. US Equity markets rebounded strongly in the second quarter of 2026, recovering from geopolitical tensions that nearly pushed the S&P 500 Index into correction territory. Technology dominated the landscape, powered by increasing AI adoption, while industrials benefited from strong capital expenditure. Small-cap and growth stocks outperformed; investors grew selective amid concerns about returns, competition, and regulation. The Fund outperformed the Index, benefitting from stock selection in energy, consumer discretionary, and health care sectors. Overall market performance could become more volatile due to rising costs and increased supply from IPOs and secondary issuances. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Voya MI Dynamic Small Cap Fund highlighted TTM Technologies, Inc. (NASDAQ:TTMI), a US-based global manufacturer of mission systems, radio frequency (RF) components, RF microwave/microelectronic ******* emblies, and printed circuit boards (PCBs). Accounting for 1.39% of the portfolio, TTM Technologies, Inc. (NASDAQ:TTMI) contributed to the Fund's performance during the quarter. On August 14, 2026, TTM Technologies, Inc. (NASDAQ:TTMI) closed at $140.00 per share, reflecting a market capitalization of $14.75 billion. TTM Technologies, Inc. (NASDAQ:TTMI) posted a one‑month return of 5.13%, while its shares gained 234.77% over the past 52 weeks."
Voya MI Dynamic Small Cap Fund stated the following regarding TTM Technologies, Inc. (NASDAQ:TTMI) in its Q2 2026 investor letter:
"The overweight position in TTM Technologies, Inc. (NASDAQ:TTMI), a manufacturer of advanced printed circuit boards, had a positive impact on performance and was primarily driven by risk management reasons. Shares advanced on strong quarterly results and guidance as the company benefited from accelerating AI data-center and defense demand for high-performance computing hardware."
TTM Technologies, Inc. (NASDAQ:TTMI) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge fund portfolios held TTM Technologies, Inc. (NASDAQ:TTMI) at the end of the first quarter which was 54 in the previous quarter. While we acknowledge the potential of TTM Technologies, Inc. (NASDAQ:TTMI) 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.

#ttmi #voya #quarter #performance

Aug 17 (Reuters) - U.S. home builder sentiment unexpectedly ticked higher in August, but residential construction firms' confidence remains weak overall, weighed down by economic uncertainty, high mortgage rates and steep building costs ‌aggravated by the U.S.-led war with Iran, a survey showed on Monday.
The National ****** ociation of Home ‌Builders/Wells Fargo Housing Market index rose one point to a reading of 35 this month from July's unrevised level of 34. Economists polled by Reuters had forecast the index would decline for a third straight month to 33.
A NAHB subindex measuring current sales of single-family homes ticked up to 39, the highest since May, from 37 in July, while measures of future sales and prospective buyer foot traffic were both unchanged.
On a regional basis, sentiment edged up in the Northeast, South and West ‌and was unchanged in the Midwest.
The national ⁠index level in August marked the 16th straight month it has remained below 40, the longest such stretch since 2012. Indeed, the index has not breached the 50 level demarking ⁠business conditions that builders consider to be positive in more than two years.

#sentiment

ANN ARBOR, Michigan – Throughout Annika Sorenstam's short career as a senior player, her son Will McGee has been at the forefront. Quick to give advice and a hug, Will has even taken center stage from time to time at the PNC Championship, where the outgoing teen teams up annually with his famous mom.
But on Tuesday at the U.S. Senior Women's Open, 55-year-old Sorenstam's mind was on her eldest child, daughter Ava, playing in her first high school golf match back home in central Florida for Lake Highland Prep.
"I want to make sure she survives nine holes," Sorenstam said with a smile at Barton Hills Country Club in Ann Arbor, Michigan. Sorenstam, a 72-time winner on the LPGA, is one of five past champions in the field this week at the Donald Ross design.
Toward the end of her junior year, 16-year-old Ava, a softball player, announced to the family that she wanted to try out for the golf team in her last year of high school. Ava likes to play more than practice, so if Sorenstam wanted to hang out with her daughter, she had to leave the range.
It's a new strategy for the 10-time LPGA major winner, who smoked the field by eight when she made her U.S. Senior Women's Open debut five years ago. Will was 10 back then, and already a golf nut who was well-versed in his mother's resume.

#golf #arbor #open

Hayden Panettiere's death this week, just five days before her 37th birthday, marks the latest tragic end for a child star. In recent months, Panettiere had become more transparent about the trauma, including **** ual exploitation, she endured as a young actress. The timing of her death is tragic both in light of her age and how recently she appeared to have been winning her fight against addiction. Her efforts to reclaim her autonomy should be acknowledged for what she overcame — and for what fame does to child stars.
Panettiere began appearing in commercials at just 11 months old; by age 5, she'd been in 50. Her breakout role came at age 10, playing a coach's spirited daughter in "Remember the **** ans." Her multiseason portrayals of an indestructible cheerleader on the television series "Heroes" and a troubled country music star on ABC's "Nashville" made her a cultural fixture to millennials.
For decades, the autonomy, safety and happiness of child stars were not a priority for insatiable audiences nor the Hollywood industrial complex. If Panettiere's accounts are any guide, they still aren't.
Off set, however, Panettiere struggled at basically every turn: with an onerous mother, from whom Panettiere was estranged for much of her adult life; drug addiction; alcoholism; depression; and multiple rehab stints. She had relationships with men 10 or more years older than her. She was plied with pills at 15, she revealed this year. Her child custody battle was just one of many traumas dissected in tabloid headlines.
This spring, Panettiere published a memoir, "This Is Me: A Reckoning," that is equal parts appalling and utterly sympathy-inducing. Panettiere bared all, describing her "shortcomings as a mother," her refusal to "blame" anyone else and her grief "for all the hours lost to addiction." The media campaign for the book pulled no punches. Panettiere gave audiences the one thing she refused to further compromise: truth.

#panettiere

Fever's Caitlin Clark continues a streak that has her thinking MVP originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Where it once seemed unlikely, Caitlin Clark is emerging as an MVP contender in her third WNBA season.
After an injury-plagued 2025 -- and an inconsistent start to 2026 -- Clark for the past month has been on a heater as the Indiana Fever steadily climbs the standings.
In Toronto for a game against the expansion Tempo on Tuesday night, Clark tied her own WNBA record for consecutive games with at least 20 points and five ***** ists.
MORE: WNBA MVP Ladder: Caitlin Clark kicks down the door in major update to award race

#source #indiana #tempo

Indianapolis Colts wide receiver Josh Downs may be headed for the most awe-inspiring season of his NFL career.
PFF named Downs the Colts' breakout candidate for the 2026 season, motioning toward an expanded opportunity following the offseason trade of Michael Pittman Jr. to the Pittsburgh Steelers.
"Michael Pittman's departure should create more opportunities for Josh Downs in a contract year," PFF's Gordon McGuinness wrote.
Downs has surpassed 500 receiving yards in each of his first three seasons and has dropped only 4.3% of his catchable targets during that span, according to PFF.
His most productive campaign came in 2024, when he caught 72 passes for 803 yards and five touchdowns. PFF credited him with 2.20 yards per route run that season.

#downs #yards #josh #pittsburgh