29 days ago
Home Depot (HD) has dropped 15% year to date, yet even the model's conservative one-year price target of $319 sits above today's $285.
A 3.75% dividend yield anchors the buy threshold at $243, requiring a further 15% decline from current levels before reassessment.
The 52-week low of $277 sits just 3% below today's price, making it too thin a margin to serve as a meaningful buy trigger.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Shares of Home Depot (NYSE:HD) traded at $285.10 as of 10:01 AM ET on October 7, 2026, down 0.55% in Wednesday's session. The stock has fallen 15.33% year to date and 24.68% over the past twelve months. Most of the damage is recent. Shares are down 11.2% over the past month.
#down
A 3.75% dividend yield anchors the buy threshold at $243, requiring a further 15% decline from current levels before reassessment.
The 52-week low of $277 sits just 3% below today's price, making it too thin a margin to serve as a meaningful buy trigger.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Shares of Home Depot (NYSE:HD) traded at $285.10 as of 10:01 AM ET on October 7, 2026, down 0.55% in Wednesday's session. The stock has fallen 15.33% year to date and 24.68% over the past twelve months. Most of the damage is recent. Shares are down 11.2% over the past month.
#down
2 months ago
On August 6, James Hardie Industries (NYSE:JHX) reported results for the quarter ended June 30 and beat its own numbers by enough to raise guidance just three months into the fiscal year. Net sales jumped 64% year over year to $1.475 billion, adjusted EBITDA climbed 79% to $422.1 million, and both figures came in ahead of what management had originally guided investors to expect. For a company that closed a transformative acquisition less than a year earlier, that kind of overshoot forces a reassessment of the growth story ahead.
The headline growth number is inflated by the AZEK Exteriors deal folded into the base, so the more telling figure is the 12% pro forma net sales growth, which also beat original guidance. Siding & Trim, the core fiber cement business, posted organic net sales growth of 20% as North American fiber cement volumes returned to growth for the first time in several quarters. CEO Aaron Erter tied that to share gains against vinyl and other competing materials, along with programs like ColorPlus and Expanded Statement drawing more of the higher-end repair and remodel market. Adjusted EBITDA margin in that segment expanded 140 basis points to 33.5%, powered by favorable pricing, cheaper raw materials, and continued savings from the company's Hardie Manufacturing Operating System even as freight costs rose.
Management also said cost synergies from the AZEK integration are running ahead of schedule and revenue synergies are on track, evidenced by newly expanded nationwide distribution partnerships with Boise Cascade and other regional distributors. In Deck, Rail & Accessories, sell-through accelerated every month of the quarter and outpaced shipments, pulling channel inventory back to normal levels and setting up a cleaner back half of the year. Free cash flow more than doubled to $254.2 million, and the company used the cash to pay down $400 million of senior unsecured notes.
Erter was careful to frame the beat as execution rather than a healthier market, telling investors the company is "not ***** uming a housing market improvement" for the rest of fiscal 2027. Part of the quarter's strength came from an easy comparison, since channel inventory was deliberately reduced a year earlier, and management said that benefit is expected to moderate as the year goes on. Deck, Rail & Accessories net sales actually fell 5% on a pro forma basis because the company intentionally cut production to work down channel inventory, leaving the segment with an operating loss of $3.3 million for the quarter.
#Growth #sales #management
The headline growth number is inflated by the AZEK Exteriors deal folded into the base, so the more telling figure is the 12% pro forma net sales growth, which also beat original guidance. Siding & Trim, the core fiber cement business, posted organic net sales growth of 20% as North American fiber cement volumes returned to growth for the first time in several quarters. CEO Aaron Erter tied that to share gains against vinyl and other competing materials, along with programs like ColorPlus and Expanded Statement drawing more of the higher-end repair and remodel market. Adjusted EBITDA margin in that segment expanded 140 basis points to 33.5%, powered by favorable pricing, cheaper raw materials, and continued savings from the company's Hardie Manufacturing Operating System even as freight costs rose.
Management also said cost synergies from the AZEK integration are running ahead of schedule and revenue synergies are on track, evidenced by newly expanded nationwide distribution partnerships with Boise Cascade and other regional distributors. In Deck, Rail & Accessories, sell-through accelerated every month of the quarter and outpaced shipments, pulling channel inventory back to normal levels and setting up a cleaner back half of the year. Free cash flow more than doubled to $254.2 million, and the company used the cash to pay down $400 million of senior unsecured notes.
Erter was careful to frame the beat as execution rather than a healthier market, telling investors the company is "not ***** uming a housing market improvement" for the rest of fiscal 2027. Part of the quarter's strength came from an easy comparison, since channel inventory was deliberately reduced a year earlier, and management said that benefit is expected to moderate as the year goes on. Deck, Rail & Accessories net sales actually fell 5% on a pro forma basis because the company intentionally cut production to work down channel inventory, leaving the segment with an operating loss of $3.3 million for the quarter.
#Growth #sales #management
2 months ago
Auxier ******* et Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints and strong demand, while enterprise software remained under pressure as investors reassessed AI disruption risks and compressed valuations. In the quarter, Auxier Focus Fund's Investor Class gained 8.82% and 10.70% for the six months ended June 30, 2026. Despite strong earnings growth across the broader market, Auxier highlighted concerns around rising margin debt, increased leverage, and elevated capital flows into high-growth technology areas that could amplify future volatility. The firm continues to focus on identifying enduring businesses with strong competitive advantages, resilient cash flows, and sustainable long-term growth potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted UnitedHealth Group Incorporated (NYSE:UNH) as a material contributor. UnitedHealth Group Incorporated (NYSE:UNH) is a multinational health benefits company based in Eden Prairie, Minnesota. On September 14, 2026, UnitedHealth Group Incorporated (NYSE:UNH) closed at $383.55 per share. Over the past month, UnitedHealth Group Incorporated (NYSE:UNH) declined 4.38%, while its shares gained 10.86% over the past 52 weeks. UnitedHealth Group Incorporated (NYSE:UNH) has a market capitalization of $344.27 billion with a 52-week trading range between $255.97 and $461.62.
Auxier ******* et Management stated the following regarding UnitedHealth Group Incorporated (NYSE:UNH) in its Q2 2026 investor letter:
"UnitedHealth Group Incorporated (NYSE:UNH) Leads the Way in Reshaping the Insurance Industry with AI UnitedHealth Group is among the companies that have successfully integrated AI into various parts of their operations. One of the most significant benefits has been in administrative functions, where AI has helped save tens of thousands of hours through increased automation and efficiency. As an example, automated transcription of patient encounters has contributed to lower levels of clinician burnout. Management reports that they are generating about $2 of value for every $1 spent on AI due to reductions in manual labor. We like this measured approach to implementing AI where it can provide clear operational benefits and attractive returns, which has been a key strategy of current CEO Stephen Hemsley. UnitedHealth's success in AI use highlights the technology's potential on the user side where companies can benefit without the high upfront cost of building the infrastructure. Cigna Group is projecting $200 million in
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted UnitedHealth Group Incorporated (NYSE:UNH) as a material contributor. UnitedHealth Group Incorporated (NYSE:UNH) is a multinational health benefits company based in Eden Prairie, Minnesota. On September 14, 2026, UnitedHealth Group Incorporated (NYSE:UNH) closed at $383.55 per share. Over the past month, UnitedHealth Group Incorporated (NYSE:UNH) declined 4.38%, while its shares gained 10.86% over the past 52 weeks. UnitedHealth Group Incorporated (NYSE:UNH) has a market capitalization of $344.27 billion with a 52-week trading range between $255.97 and $461.62.
Auxier ******* et Management stated the following regarding UnitedHealth Group Incorporated (NYSE:UNH) in its Q2 2026 investor letter:
"UnitedHealth Group Incorporated (NYSE:UNH) Leads the Way in Reshaping the Insurance Industry with AI UnitedHealth Group is among the companies that have successfully integrated AI into various parts of their operations. One of the most significant benefits has been in administrative functions, where AI has helped save tens of thousands of hours through increased automation and efficiency. As an example, automated transcription of patient encounters has contributed to lower levels of clinician burnout. Management reports that they are generating about $2 of value for every $1 spent on AI due to reductions in manual labor. We like this measured approach to implementing AI where it can provide clear operational benefits and attractive returns, which has been a key strategy of current CEO Stephen Hemsley. UnitedHealth's success in AI use highlights the technology's potential on the user side where companies can benefit without the high upfront cost of building the infrastructure. Cigna Group is projecting $200 million in
2 months ago
Auxier ******* et Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints and strong demand, while enterprise software remained under pressure as investors reassessed AI disruption risks and compressed valuations. In the quarter, Auxier Focus Fund's Investor Class gained 8.82% and 10.70% for the six months ended June 30, 2026. Despite strong earnings growth across the broader market, Auxier highlighted concerns around rising margin debt, increased leverage, and elevated capital flows into high-growth technology areas that could amplify future volatility. The firm continues to focus on identifying enduring businesses with strong competitive advantages, resilient cash flows, and sustainable long-term growth potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted The Kroger Co. (NYSE:KR). The Kroger Co. (NYSE:KR) is a leading supermarket chain that operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. On September 14, 2026, The Kroger Co. (NYSE:KR) closed at $60.91 per share. Over the past month, The Kroger Co. (NYSE:KR) returned 10.12%, but its shares are down 7.06% over the past year. The Kroger Co. (NYSE:KR) has a market capitalization of $37.32 billion, and its stock has traded within a 52-week range of $54.15 to $76.58.
Auxier ******* et Management stated the following regarding The Kroger Co. (NYSE:KR) in its Q2 2026 investor letter:
"Consumer staples underperformed during the quarter. Elevated inflation, high interest rates and rising gas prices contributed to lower consumer spending, impacting companies like The Kroger Co. (NYSE:KR) and PepsiCo. Although Kroger's stock has been weak, its new CEO Greg Foran brings exceptional leadership that promises positive change. While he was President of Walmart US from 2014-2019, the company achieved 20 consecutive quarters of same-store sales growth and scaled its online grocery pickup. Since joining Kroger he has aggressively reduced prices and boosted the growth in private label and organic offerings. The stock trades at a mere 12 times earnings which is a significant discount to both Costco and Walmart."
#Growth #asset
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted The Kroger Co. (NYSE:KR). The Kroger Co. (NYSE:KR) is a leading supermarket chain that operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. On September 14, 2026, The Kroger Co. (NYSE:KR) closed at $60.91 per share. Over the past month, The Kroger Co. (NYSE:KR) returned 10.12%, but its shares are down 7.06% over the past year. The Kroger Co. (NYSE:KR) has a market capitalization of $37.32 billion, and its stock has traded within a 52-week range of $54.15 to $76.58.
Auxier ******* et Management stated the following regarding The Kroger Co. (NYSE:KR) in its Q2 2026 investor letter:
"Consumer staples underperformed during the quarter. Elevated inflation, high interest rates and rising gas prices contributed to lower consumer spending, impacting companies like The Kroger Co. (NYSE:KR) and PepsiCo. Although Kroger's stock has been weak, its new CEO Greg Foran brings exceptional leadership that promises positive change. While he was President of Walmart US from 2014-2019, the company achieved 20 consecutive quarters of same-store sales growth and scaled its online grocery pickup. Since joining Kroger he has aggressively reduced prices and boosted the growth in private label and organic offerings. The stock trades at a mere 12 times earnings which is a significant discount to both Costco and Walmart."
#Growth #asset
2 months ago
Auxier ******* et Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints and strong demand, while enterprise software remained under pressure as investors reassessed AI disruption risks and compressed valuations. In the quarter, Auxier Focus Fund's Investor Class gained 8.82% and 10.70% for the six months ended June 30, 2026. Despite strong earnings growth across the broader market, Auxier highlighted concerns around rising margin debt, increased leverage, and elevated capital flows into high-growth technology areas that could amplify future volatility. The firm continues to focus on identifying enduring businesses with strong competitive advantages, resilient cash flows, and sustainable long-term growth potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted Caterpillar Inc. (NYSE:CAT). Caterpillar Inc. (NYSE:CAT) is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. On September 14, 2026, Caterpillar Inc. (NYSE:CAT) closed at $784.00 per share. Over the past month, Caterpillar Inc. (NYSE:CAT) declined 7.12%, but its shares are up 77.23% over the past year. Caterpillar Inc. (NYSE:CAT) has a market capitalization of $360.39 billion, and its stock has traded within a 52-week range of $423.32 to $1,073.46.
Auxier ******* et Management stated the following regarding Caterpillar Inc. (NYSE:CAT) in its Q2 2026 investor letter:
"Industrials were the strongest performing sector during the quarter. Tech-facing industrial players benefited from a shift in investor focus toward AI buildout rather than the development of AI models. Caterpillar Inc. (NYSE:CAT) and Gates also benefited indirectly from the expansion of AI infrastructure, particularly through increased demand for energy generation and cooling capacity in data centers."
Photo from Hycroft Mining website
#letter
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted Caterpillar Inc. (NYSE:CAT). Caterpillar Inc. (NYSE:CAT) is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. On September 14, 2026, Caterpillar Inc. (NYSE:CAT) closed at $784.00 per share. Over the past month, Caterpillar Inc. (NYSE:CAT) declined 7.12%, but its shares are up 77.23% over the past year. Caterpillar Inc. (NYSE:CAT) has a market capitalization of $360.39 billion, and its stock has traded within a 52-week range of $423.32 to $1,073.46.
Auxier ******* et Management stated the following regarding Caterpillar Inc. (NYSE:CAT) in its Q2 2026 investor letter:
"Industrials were the strongest performing sector during the quarter. Tech-facing industrial players benefited from a shift in investor focus toward AI buildout rather than the development of AI models. Caterpillar Inc. (NYSE:CAT) and Gates also benefited indirectly from the expansion of AI infrastructure, particularly through increased demand for energy generation and cooling capacity in data centers."
Photo from Hycroft Mining website
#letter
2 months ago
Auxier ******* et Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints and strong demand, while enterprise software remained under pressure as investors reassessed AI disruption risks and compressed valuations. In the quarter, Auxier Focus Fund's Investor Class gained 8.82% and 10.70% for the six months ended June 30, 2026. Despite strong earnings growth across the broader market, Auxier highlighted concerns around rising margin debt, increased leverage, and elevated capital flows into high-growth technology areas that could amplify future volatility. The firm continues to focus on identifying enduring businesses with strong competitive advantages, resilient cash flows, and sustainable long-term growth potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted Gates Industrial Corporation Ltd. (NYSE:GTES). Gates Industrial Corporation Ltd. (NYSE:GTES) is a leading manufacturer of engineered power transmission and fluid power solutions. On September 14, 2026, Gates Industrial Corporation Ltd. (NYSE:GTES) closed at $25.42 per share. Over the past month, Gates Industrial Corporation Ltd. (NYSE:GTES) declined 6.17%, and its shares gained 0.77% over the past 52 weeks. Gates Industrial Corporation Ltd. (NYSE:GTES) has a market capitalization of $6.44 billion, and its stock has traded within a 52-week range of $20.88 and $30.34.
Auxier ******* et Management stated the following regarding Gates Industrial Corporation Ltd. (NYSE:GTES) in its Q2 2026 investor letter:
"Industrials were the strongest performing sector during the quarter. Tech-facing industrial players benefited from a shift in investor focus toward AI buildout rather than the development of AI models. Caterpillar and Gates Industrial Corporation Ltd. (NYSE:GTES) Ltd. (NYSE:GTES) also benefited indirectly from the expansion of AI infrastructure, particularly through increased demand for energy generation and cooling capacity in data centers."
Gates Industrial Corporation Ltd. (NYSE:GTES) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Gates Industrial Corporation Ltd. (NYSE:GTES) at the end of the second quarter which was 37 in the previous quarter. While we acknowledge the potential of Gates Industrial Corporation Ltd. (NYSE:GTES) 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
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted Gates Industrial Corporation Ltd. (NYSE:GTES). Gates Industrial Corporation Ltd. (NYSE:GTES) is a leading manufacturer of engineered power transmission and fluid power solutions. On September 14, 2026, Gates Industrial Corporation Ltd. (NYSE:GTES) closed at $25.42 per share. Over the past month, Gates Industrial Corporation Ltd. (NYSE:GTES) declined 6.17%, and its shares gained 0.77% over the past 52 weeks. Gates Industrial Corporation Ltd. (NYSE:GTES) has a market capitalization of $6.44 billion, and its stock has traded within a 52-week range of $20.88 and $30.34.
Auxier ******* et Management stated the following regarding Gates Industrial Corporation Ltd. (NYSE:GTES) in its Q2 2026 investor letter:
"Industrials were the strongest performing sector during the quarter. Tech-facing industrial players benefited from a shift in investor focus toward AI buildout rather than the development of AI models. Caterpillar and Gates Industrial Corporation Ltd. (NYSE:GTES) Ltd. (NYSE:GTES) also benefited indirectly from the expansion of AI infrastructure, particularly through increased demand for energy generation and cooling capacity in data centers."
Gates Industrial Corporation Ltd. (NYSE:GTES) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Gates Industrial Corporation Ltd. (NYSE:GTES) at the end of the second quarter which was 37 in the previous quarter. While we acknowledge the potential of Gates Industrial Corporation Ltd. (NYSE:GTES) 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
2 months ago
Auxier ****** et Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints and strong demand, while enterprise software remained under pressure as investors reassessed AI disruption risks and compressed valuations. In the quarter, Auxier Focus Fund's Investor Class gained 8.82% and 10.70% for the six months ended June 30, 2026. Despite strong earnings growth across the broader market, Auxier highlighted concerns around rising margin debt, increased leverage, and elevated capital flows into high-growth technology areas that could amplify future volatility. The firm continues to focus on identifying enduring businesses with strong competitive advantages, resilient cash flows, and sustainable long-term growth potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Auxier ****** et Management highlighted UnitedHealth Group Incorporated (NYSE:UNH) as a material contributor. UnitedHealth Group Incorporated (NYSE:UNH) is a multinational health benefits company based in Eden Prairie, Minnesota. On September 14, 2026, UnitedHealth Group Incorporated (NYSE:UNH) closed at $383.55 per share. Over the past month, UnitedHealth Group Incorporated (NYSE:UNH) declined 4.38%, while its shares gained 10.86% over the past 52 weeks. UnitedHealth Group Incorporated (NYSE:UNH) has a market capitalization of $344.27 billion with a 52-week trading range between $255.97 and $461.62.
Auxier ****** et Management stated the following regarding UnitedHealth Group Incorporated (NYSE:UNH) in its Q2 2026 investor letter:
"UnitedHealth Group Incorporated (NYSE:UNH) Leads the Way in Reshaping the Insurance Industry with AI UnitedHealth Group is among the companies that have successfully integrated AI into various parts of their operations. One of the most significant benefits has been in administrative functions, where AI has helped save tens of thousands of hours through increased automation and efficiency. As an example, automated transcription of patient encounters has contributed to lower levels of clinician burnout. Management reports that they are generating about $2 of value for every $1 spent on AI due to reductions in manual labor. We like this measured approach to implementing AI where it can provide clear operational benefits and attractive returns, which has been a key strategy of current CEO Stephen Hemsley. UnitedHealth's success in AI use highlights the technology's potential on the user side where companies can benefit without the high upfront cost of building the infrastructure. Cigna Group is projecting $200 million in me
In its second-quarter 2026 investor letter, Auxier ****** et Management highlighted UnitedHealth Group Incorporated (NYSE:UNH) as a material contributor. UnitedHealth Group Incorporated (NYSE:UNH) is a multinational health benefits company based in Eden Prairie, Minnesota. On September 14, 2026, UnitedHealth Group Incorporated (NYSE:UNH) closed at $383.55 per share. Over the past month, UnitedHealth Group Incorporated (NYSE:UNH) declined 4.38%, while its shares gained 10.86% over the past 52 weeks. UnitedHealth Group Incorporated (NYSE:UNH) has a market capitalization of $344.27 billion with a 52-week trading range between $255.97 and $461.62.
Auxier ****** et Management stated the following regarding UnitedHealth Group Incorporated (NYSE:UNH) in its Q2 2026 investor letter:
"UnitedHealth Group Incorporated (NYSE:UNH) Leads the Way in Reshaping the Insurance Industry with AI UnitedHealth Group is among the companies that have successfully integrated AI into various parts of their operations. One of the most significant benefits has been in administrative functions, where AI has helped save tens of thousands of hours through increased automation and efficiency. As an example, automated transcription of patient encounters has contributed to lower levels of clinician burnout. Management reports that they are generating about $2 of value for every $1 spent on AI due to reductions in manual labor. We like this measured approach to implementing AI where it can provide clear operational benefits and attractive returns, which has been a key strategy of current CEO Stephen Hemsley. UnitedHealth's success in AI use highlights the technology's potential on the user side where companies can benefit without the high upfront cost of building the infrastructure. Cigna Group is projecting $200 million in me
2 months ago
Auxier ***** et Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints and strong demand, while enterprise software remained under pressure as investors reassessed AI disruption risks and compressed valuations. In the quarter, Auxier Focus Fund's Investor Class gained 8.82% and 10.70% for the six months ended June 30, 2026. Despite strong earnings growth across the broader market, Auxier highlighted concerns around rising margin debt, increased leverage, and elevated capital flows into high-growth technology areas that could amplify future volatility. The firm continues to focus on identifying enduring businesses with strong competitive advantages, resilient cash flows, and sustainable long-term growth potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Auxier ***** et Management highlighted The Kroger Co. (NYSE:KR). The Kroger Co. (NYSE:KR) is a leading supermarket chain that operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. On September 14, 2026, The Kroger Co. (NYSE:KR) closed at $60.91 per share. Over the past month, The Kroger Co. (NYSE:KR) returned 10.12%, but its shares are down 7.06% over the past year. The Kroger Co. (NYSE:KR) has a market capitalization of $37.32 billion, and its stock has traded within a 52-week range of $54.15 to $76.58.
Auxier ***** et Management stated the following regarding The Kroger Co. (NYSE:KR) in its Q2 2026 investor letter:
"Consumer staples underperformed during the quarter. Elevated inflation, high interest rates and rising gas prices contributed to lower consumer spending, impacting companies like The Kroger Co. (NYSE:KR) and PepsiCo. Although Kroger's stock has been weak, its new CEO Greg Foran brings exceptional leadership that promises positive change. While he was President of Walmart US from 2014-2019, the company achieved 20 consecutive quarters of same-store sales growth and scaled its online grocery pickup. Since joining Kroger he has aggressively reduced prices and boosted the growth in private label and organic offerings. The stock trades at a mere 12 times earnings which is a significant discount to both Costco and Walmart."
#NYSE #quarter #Growth #strong
In its second-quarter 2026 investor letter, Auxier ***** et Management highlighted The Kroger Co. (NYSE:KR). The Kroger Co. (NYSE:KR) is a leading supermarket chain that operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. On September 14, 2026, The Kroger Co. (NYSE:KR) closed at $60.91 per share. Over the past month, The Kroger Co. (NYSE:KR) returned 10.12%, but its shares are down 7.06% over the past year. The Kroger Co. (NYSE:KR) has a market capitalization of $37.32 billion, and its stock has traded within a 52-week range of $54.15 to $76.58.
Auxier ***** et Management stated the following regarding The Kroger Co. (NYSE:KR) in its Q2 2026 investor letter:
"Consumer staples underperformed during the quarter. Elevated inflation, high interest rates and rising gas prices contributed to lower consumer spending, impacting companies like The Kroger Co. (NYSE:KR) and PepsiCo. Although Kroger's stock has been weak, its new CEO Greg Foran brings exceptional leadership that promises positive change. While he was President of Walmart US from 2014-2019, the company achieved 20 consecutive quarters of same-store sales growth and scaled its online grocery pickup. Since joining Kroger he has aggressively reduced prices and boosted the growth in private label and organic offerings. The stock trades at a mere 12 times earnings which is a significant discount to both Costco and Walmart."
#NYSE #quarter #Growth #strong
2 months ago
Auxier ****** et Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints and strong demand, while enterprise software remained under pressure as investors reassessed AI disruption risks and compressed valuations. In the quarter, Auxier Focus Fund's Investor Class gained 8.82% and 10.70% for the six months ended June 30, 2026. Despite strong earnings growth across the broader market, Auxier highlighted concerns around rising margin debt, increased leverage, and elevated capital flows into high-growth technology areas that could amplify future volatility. The firm continues to focus on identifying enduring businesses with strong competitive advantages, resilient cash flows, and sustainable long-term growth potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Auxier ****** et Management highlighted Caterpillar Inc. (NYSE:CAT). Caterpillar Inc. (NYSE:CAT) is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. On September 14, 2026, Caterpillar Inc. (NYSE:CAT) closed at $784.00 per share. Over the past month, Caterpillar Inc. (NYSE:CAT) declined 7.12%, but its shares are up 77.23% over the past year. Caterpillar Inc. (NYSE:CAT) has a market capitalization of $360.39 billion, and its stock has traded within a 52-week range of $423.32 to $1,073.46.
Auxier ****** et Management stated the following regarding Caterpillar Inc. (NYSE:CAT) in its Q2 2026 investor letter:
"Industrials were the strongest performing sector during the quarter. Tech-facing industrial players benefited from a shift in investor focus toward AI buildout rather than the development of AI models. Caterpillar Inc. (NYSE:CAT) and Gates also benefited indirectly from the expansion of AI infrastructure, particularly through increased demand for energy generation and cooling capacity in data centers."
Photo from Hycroft Mining website
#quarter #asset #management #focus
In its second-quarter 2026 investor letter, Auxier ****** et Management highlighted Caterpillar Inc. (NYSE:CAT). Caterpillar Inc. (NYSE:CAT) is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. On September 14, 2026, Caterpillar Inc. (NYSE:CAT) closed at $784.00 per share. Over the past month, Caterpillar Inc. (NYSE:CAT) declined 7.12%, but its shares are up 77.23% over the past year. Caterpillar Inc. (NYSE:CAT) has a market capitalization of $360.39 billion, and its stock has traded within a 52-week range of $423.32 to $1,073.46.
Auxier ****** et Management stated the following regarding Caterpillar Inc. (NYSE:CAT) in its Q2 2026 investor letter:
"Industrials were the strongest performing sector during the quarter. Tech-facing industrial players benefited from a shift in investor focus toward AI buildout rather than the development of AI models. Caterpillar Inc. (NYSE:CAT) and Gates also benefited indirectly from the expansion of AI infrastructure, particularly through increased demand for energy generation and cooling capacity in data centers."
Photo from Hycroft Mining website
#quarter #asset #management #focus
2 months ago
Auxier ******* et Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints and strong demand, while enterprise software remained under pressure as investors reassessed AI disruption risks and compressed valuations. In the quarter, Auxier Focus Fund's Investor Class gained 8.82% and 10.70% for the six months ended June 30, 2026. Despite strong earnings growth across the broader market, Auxier highlighted concerns around rising margin debt, increased leverage, and elevated capital flows into high-growth technology areas that could amplify future volatility. The firm continues to focus on identifying enduring businesses with strong competitive advantages, resilient cash flows, and sustainable long-term growth potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted Gates Industrial Corporation Ltd. (NYSE:GTES). Gates Industrial Corporation Ltd. (NYSE:GTES) is a leading manufacturer of engineered power transmission and fluid power solutions. On September 14, 2026, Gates Industrial Corporation Ltd. (NYSE:GTES) closed at $25.42 per share. Over the past month, Gates Industrial Corporation Ltd. (NYSE:GTES) declined 6.17%, and its shares gained 0.77% over the past 52 weeks. Gates Industrial Corporation Ltd. (NYSE:GTES) has a market capitalization of $6.44 billion, and its stock has traded within a 52-week range of $20.88 and $30.34.
Auxier ******* et Management stated the following regarding Gates Industrial Corporation Ltd. (NYSE:GTES) in its Q2 2026 investor letter:
"Industrials were the strongest performing sector during the quarter. Tech-facing industrial players benefited from a shift in investor focus toward AI buildout rather than the development of AI models. Caterpillar and Gates Industrial Corporation Ltd. (NYSE:GTES) Ltd. (NYSE:GTES) also benefited indirectly from the expansion of AI infrastructure, particularly through increased demand for energy generation and cooling capacity in data centers."
Gates Industrial Corporation Ltd. (NYSE:GTES) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Gates Industrial Corporation Ltd. (NYSE:GTES) at the end of the second quarter which was 37 in the previous quarter. While we acknowledge the potential of Gates Industrial Corporation Ltd. (NYSE:GTES) 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
In its second-quarter 2026 investor letter, Auxier ******* et Management highlighted Gates Industrial Corporation Ltd. (NYSE:GTES). Gates Industrial Corporation Ltd. (NYSE:GTES) is a leading manufacturer of engineered power transmission and fluid power solutions. On September 14, 2026, Gates Industrial Corporation Ltd. (NYSE:GTES) closed at $25.42 per share. Over the past month, Gates Industrial Corporation Ltd. (NYSE:GTES) declined 6.17%, and its shares gained 0.77% over the past 52 weeks. Gates Industrial Corporation Ltd. (NYSE:GTES) has a market capitalization of $6.44 billion, and its stock has traded within a 52-week range of $20.88 and $30.34.
Auxier ******* et Management stated the following regarding Gates Industrial Corporation Ltd. (NYSE:GTES) in its Q2 2026 investor letter:
"Industrials were the strongest performing sector during the quarter. Tech-facing industrial players benefited from a shift in investor focus toward AI buildout rather than the development of AI models. Caterpillar and Gates Industrial Corporation Ltd. (NYSE:GTES) Ltd. (NYSE:GTES) also benefited indirectly from the expansion of AI infrastructure, particularly through increased demand for energy generation and cooling capacity in data centers."
Gates Industrial Corporation Ltd. (NYSE:GTES) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Gates Industrial Corporation Ltd. (NYSE:GTES) at the end of the second quarter which was 37 in the previous quarter. While we acknowledge the potential of Gates Industrial Corporation Ltd. (NYSE:GTES) 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
2 months ago
A major consumer company is considering a move that could put several familiar household brands on the market.
The move comes as the company reassesses parts of its portfolio and seeks to strengthen performance in a key market. If completed, the sale could reshape a personal care business that includes well-known products used by consumers for decades.
The potential sale follows a trend of other large companies reshaping their portfolios amid shifting consumer spending, rising costs, and intensifying competition.
Founded in 1806 in New York City, Colgate-Palmolive is an American multinational consumer products company that owns multiple familiar brands in oral health, pet health, personal care, and home care.
Colgate-Palmolive (CL) is exploring the potential sale of certain mass-market personal care brands, including Softsoap, Irish Spring, and Speed Stick, according to sources familiar with the matter cited by Reuters.
#care #palmolive
The move comes as the company reassesses parts of its portfolio and seeks to strengthen performance in a key market. If completed, the sale could reshape a personal care business that includes well-known products used by consumers for decades.
The potential sale follows a trend of other large companies reshaping their portfolios amid shifting consumer spending, rising costs, and intensifying competition.
Founded in 1806 in New York City, Colgate-Palmolive is an American multinational consumer products company that owns multiple familiar brands in oral health, pet health, personal care, and home care.
Colgate-Palmolive (CL) is exploring the potential sale of certain mass-market personal care brands, including Softsoap, Irish Spring, and Speed Stick, according to sources familiar with the matter cited by Reuters.
#care #palmolive
2 months ago
Leave it to Elon Musk to say, essentially, I've been right all along.
The **** eX (SPCX) and Tesla (TSLA) CEO agreed with Anthropic (ANTH.PVT) CEO Dario Amodei on his essay arguing for pacing AI advances.
The crux of Amodei's argument is that AI using recursive self-improvement "could outrun our ability to understand and control these systems, and so must be pursued very carefully, if at all."
In order to prevent future harms, Amodei said frontier AI companies should commit to embedding third-party evaluators in their organizations that can **** s their AI models and confirm the labs' "adherence to safety practices and commitments, report incidents, and help **** s the alignment of not just completed AI models but training pipelines and processes."
Musk replied on X.com, "Dario is right," but also added later that he's been "sounding the alarm" over AI for some time now, linking back to a post he made back in 2023, when he wrote, "AGI is significantly higher risk than nuclear weapons, in my opinion. Super smart humans have trouble imagining something vastly smarter than themselves."
#assess
The **** eX (SPCX) and Tesla (TSLA) CEO agreed with Anthropic (ANTH.PVT) CEO Dario Amodei on his essay arguing for pacing AI advances.
The crux of Amodei's argument is that AI using recursive self-improvement "could outrun our ability to understand and control these systems, and so must be pursued very carefully, if at all."
In order to prevent future harms, Amodei said frontier AI companies should commit to embedding third-party evaluators in their organizations that can **** s their AI models and confirm the labs' "adherence to safety practices and commitments, report incidents, and help **** s the alignment of not just completed AI models but training pipelines and processes."
Musk replied on X.com, "Dario is right," but also added later that he's been "sounding the alarm" over AI for some time now, linking back to a post he made back in 2023, when he wrote, "AGI is significantly higher risk than nuclear weapons, in my opinion. Super smart humans have trouble imagining something vastly smarter than themselves."
#assess
2 months ago
Assessing
🚨🇧🇷 Richarlison will not join Vasco da Gama and he’s now ******* sing his options for future after Trabzonspor deal off two weeks ago — it was his priority.
Spurs still consider Richarlison out of the project. pic.twitter.com/h1FLHix7mX
Most
Most chances created on MD1 of the Champions League this season. 🔑 https://t.co/ZOYlDx1GpM pic.twitter.com/6TbMUsckNj
Doubtful but sure
#SPURS
🚨🇧🇷 Richarlison will not join Vasco da Gama and he’s now ******* sing his options for future after Trabzonspor deal off two weeks ago — it was his priority.
Spurs still consider Richarlison out of the project. pic.twitter.com/h1FLHix7mX
Most
Most chances created on MD1 of the Champions League this season. 🔑 https://t.co/ZOYlDx1GpM pic.twitter.com/6TbMUsckNj
Doubtful but sure
#SPURS
2 months ago
Tottenham manager Roberto De Zerbi refused to say if Richarlison would remain with the club after reports that the Brazil striker wants to end his contract.
Richarlison is reportedly in a dispute with Tottenham over the remaining nine months on his current deal.
The 29-year-old was linked with a move to his former club Everton, but the deal collapsed just before the September 1 transfer deadline in the Premier League.
Richarlison is reported to want Tottenham to agree a loan switch that would allow him to join Brazilian side Vasco da Gama before reassessing his options in January.
Vasco da Gama director of football Admar Lopes has confirmed they are in talks about a move for Richarlison.
#richarlison #move
Richarlison is reportedly in a dispute with Tottenham over the remaining nine months on his current deal.
The 29-year-old was linked with a move to his former club Everton, but the deal collapsed just before the September 1 transfer deadline in the Premier League.
Richarlison is reported to want Tottenham to agree a loan switch that would allow him to join Brazilian side Vasco da Gama before reassessing his options in January.
Vasco da Gama director of football Admar Lopes has confirmed they are in talks about a move for Richarlison.
#richarlison #move
2 months ago
Chinese e-commerce giants such as Shein and Temu have reshaped the retail landscape amid economic uncertainty, higher prices, and cautious consumer spending by offering shoppers a wide range of products at extremely low prices.
Their growth has prompted established companies such as Amazon, Target, and Walmart to invest in strategies like third-party marketplaces, supply chain infrastructure, and digital tools to keep pace with changing consumer habits.
Now, one online-first fashion retailer is taking a different approach. While many established brands have been reassessing their physical footprints and closing underperforming stores, this e-commerce fashion company is moving in the opposite direction by expanding its brick-and-mortar presence in the U.S.
Founded in 2020 as an online-first womenswear brand, Cider has built its business around affordable, trend-driven fashion and a digital-focused shopping experience.
Cider opened its second permanent U.S. retail location on September 4, 2026, at Westfield Valley Fair in San Jose, California. The 11,269-square-foot store is located at 2855 Stevens Creek Blvd., ****** e No. 2411.
#fashion #cider #prices #first
Their growth has prompted established companies such as Amazon, Target, and Walmart to invest in strategies like third-party marketplaces, supply chain infrastructure, and digital tools to keep pace with changing consumer habits.
Now, one online-first fashion retailer is taking a different approach. While many established brands have been reassessing their physical footprints and closing underperforming stores, this e-commerce fashion company is moving in the opposite direction by expanding its brick-and-mortar presence in the U.S.
Founded in 2020 as an online-first womenswear brand, Cider has built its business around affordable, trend-driven fashion and a digital-focused shopping experience.
Cider opened its second permanent U.S. retail location on September 4, 2026, at Westfield Valley Fair in San Jose, California. The 11,269-square-foot store is located at 2855 Stevens Creek Blvd., ****** e No. 2411.
#fashion #cider #prices #first
2 months ago
The move represents a sharp reversal from the yen's weakness earlier in the summer, when the USD/JPY approached 165 and forced **** anese authorities to intervene in the foreign-exchange market.
The latest appreciation is increasingly being driven by expectations that the Bank of **** an (BoJ) is preparing to raise interest rates at its September meeting, while investors are also reassessing the outlook for US monetary policy. The BoJ is scheduled to meet next Thursday and Friday, with markets now pricing in a high probability of a 25-basis-point increase. More importantly, investors will be looking for guidance on whether the central bank could accelerate the pace of subsequent tightening.
U.S. consumer-price data due on Friday will provide an important signal ahead of the Federal Reserve's September 15-16 meeting. The inflation figures have become particularly significant because the Fed's policy outlook remains unusually divided. Governor Christopher Waller has indicated that he could support keeping rates unchanged if inflation continues to moderate, while Fed Chair Kevin Warsh has stressed that insufficient progress on inflation could warrant tighter policy.
From a technical perspective, the weekly chart points to a clear deterioration in the USD/JPY trend. The pair has broken below its ascending trend structure and is trading beneath both the Tenkan-sen and Kijun-sen lines of the Ichimoku Cloud index. This suggests that the medium-term bullish structure has weakened. The weekly RSI has also fallen below the neutral 50 threshold and is moving lower, indicating that bearish momentum is becoming more established.
The fundamental backdrop is becoming increasingly challenging for the USD/JPY bulls because the interest-rate differential that supported the yen carry trade for years is gradually narrowing.
#Friday #rates
The latest appreciation is increasingly being driven by expectations that the Bank of **** an (BoJ) is preparing to raise interest rates at its September meeting, while investors are also reassessing the outlook for US monetary policy. The BoJ is scheduled to meet next Thursday and Friday, with markets now pricing in a high probability of a 25-basis-point increase. More importantly, investors will be looking for guidance on whether the central bank could accelerate the pace of subsequent tightening.
U.S. consumer-price data due on Friday will provide an important signal ahead of the Federal Reserve's September 15-16 meeting. The inflation figures have become particularly significant because the Fed's policy outlook remains unusually divided. Governor Christopher Waller has indicated that he could support keeping rates unchanged if inflation continues to moderate, while Fed Chair Kevin Warsh has stressed that insufficient progress on inflation could warrant tighter policy.
From a technical perspective, the weekly chart points to a clear deterioration in the USD/JPY trend. The pair has broken below its ascending trend structure and is trading beneath both the Tenkan-sen and Kijun-sen lines of the Ichimoku Cloud index. This suggests that the medium-term bullish structure has weakened. The weekly RSI has also fallen below the neutral 50 threshold and is moving lower, indicating that bearish momentum is becoming more established.
The fundamental backdrop is becoming increasingly challenging for the USD/JPY bulls because the interest-rate differential that supported the yen carry trade for years is gradually narrowing.
#Friday #rates
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
2 months ago
By Alun John and Rae Wee
LONDON/SINGAPORE, Sept 7 (Reuters) - The yen surged to a seven-month high on Monday as traders reassessed the battered currency's outlook, driven by expectations of faster Bank of ***** an policy tightening and growing bets that ***** anese investors could repatriate funds.
The main event this week is Friday's U.S. inflation report, which could shape the Federal Reserve's decision on whether to raise interest rates later this month and influence the dollar's direction.
The European Central Bank also meets on Thursday and is widely expected to raise euro zone interest rates.
Until then, the focus remains on the yen. The dollar fell to as low as 154.05 yen, its weakest level since February, and was last down 1.1% at 154.4. It has now broken below lows reached in August after Washington and Tokyo jointly intervened to support the ***** anese currency, which was then trading at 40-year lows.
#rates #john
LONDON/SINGAPORE, Sept 7 (Reuters) - The yen surged to a seven-month high on Monday as traders reassessed the battered currency's outlook, driven by expectations of faster Bank of ***** an policy tightening and growing bets that ***** anese investors could repatriate funds.
The main event this week is Friday's U.S. inflation report, which could shape the Federal Reserve's decision on whether to raise interest rates later this month and influence the dollar's direction.
The European Central Bank also meets on Thursday and is widely expected to raise euro zone interest rates.
Until then, the focus remains on the yen. The dollar fell to as low as 154.05 yen, its weakest level since February, and was last down 1.1% at 154.4. It has now broken below lows reached in August after Washington and Tokyo jointly intervened to support the ***** anese currency, which was then trading at 40-year lows.
#rates #john
2 months ago
Chelsea's interest in Lamine Camara has not gone away, and his latest display for Monaco has only intensified the feeling that this is a story with plenty left to run. According to TeamTalk, scouts from Chelsea and Liverpool were among a number of Premier League clubs in Paris on Friday night as Monaco claimed an eye-catching win over Paris Saint-Germain, with Camara playing a central part.
The backdrop made the performance even more significant. Camara had only just seen what was described as his "dream Deadline Day move to Chelsea collapse", after Monaco withdrew late despite an agreement having been reached. It left both player and buying club stunned, and it also left Chelsea needing to reassess after Enzo Fernandez's move to Manchester City earlier that same day created a major midfield vacancy.
Photo: IMAGO
There are moments when recruitment departments want to see a player's technical quality, and others when they want evidence of temperament. This appearance appeared to provide both. Camara returned to action under considerable emotional pressure and still delivered what was described as "a performance of real quality against one of Europe's strongest sides".
Against a PSG midfield featuring Fabian Ruiz, Joao Neves and Vitinha, "arguably one of the finest midfield trios in club football", Camara "was able to more than hold his own and play a significant role in Monaco's victory". That detail matters. Clubs at the top end of the Premier League are not only buying talent, they are buying resilience, personality and the ability to cope with elite opposition.
#buying #midfield #league
The backdrop made the performance even more significant. Camara had only just seen what was described as his "dream Deadline Day move to Chelsea collapse", after Monaco withdrew late despite an agreement having been reached. It left both player and buying club stunned, and it also left Chelsea needing to reassess after Enzo Fernandez's move to Manchester City earlier that same day created a major midfield vacancy.
Photo: IMAGO
There are moments when recruitment departments want to see a player's technical quality, and others when they want evidence of temperament. This appearance appeared to provide both. Camara returned to action under considerable emotional pressure and still delivered what was described as "a performance of real quality against one of Europe's strongest sides".
Against a PSG midfield featuring Fabian Ruiz, Joao Neves and Vitinha, "arguably one of the finest midfield trios in club football", Camara "was able to more than hold his own and play a significant role in Monaco's victory". That detail matters. Clubs at the top end of the Premier League are not only buying talent, they are buying resilience, personality and the ability to cope with elite opposition.
#buying #midfield #league
2 months ago
As of 11:46 AM ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) is up 1.35% to 26,572 as tech shares recover from earlier pressure. The Dow Jones Industrial Average (DJINDICES:^DJI) has climbed 1.20% to 53,699, and the S&P 500 (SNPINDEX:^GSPC) is trading 1.01% higher to 7,744 as traders eye falling Treasury yields.
Gold is up 2.34% to $4,489.99, and the 10-Year Treasury yield fell 5 basis points to 4.75%. Industrials lead sector gainers, with financial services and consumer cyclical stocks also seeing significant intraday strength as investors rotate into growth-oriented names.
Broadcom shares dropped, despite beating ******* yst expectations in yesterday's earnings. Snowflake's Q2 results were a different story: The stock soared over 20% this morning after a blowout quarter. Robinhood Markets gained following ******* yst upgrades. Nvidia gained on news that it will acquire artificial intelligence (AI) platform Hugging Face.
Major U.S. indexes gained this morning as markets reassessed the probability of a September rate hike. Federal Reserve Governor Christopher Waller said he'd lean toward holding rates steady unless there are any major inflation surprises. His stance, which seemed to contrast with Chairman Kevin Warsh's emphasis on reducing stubborn inflation, reduced some of the pressure on U.S. Treasuries.
Investors will be watching tomorrow's labor market report and further inflation data due next week closely, as both will impact the Fed committee's decision when they meet on Sept. 15 and 16. Interest rate decisions can cause short-term headwinds for the stock market, and volatility is likely to increase in the second half of this year. However, unchecked inflation can erode long-term value and do more damage to your portfolio than higher rates.
#major
Gold is up 2.34% to $4,489.99, and the 10-Year Treasury yield fell 5 basis points to 4.75%. Industrials lead sector gainers, with financial services and consumer cyclical stocks also seeing significant intraday strength as investors rotate into growth-oriented names.
Broadcom shares dropped, despite beating ******* yst expectations in yesterday's earnings. Snowflake's Q2 results were a different story: The stock soared over 20% this morning after a blowout quarter. Robinhood Markets gained following ******* yst upgrades. Nvidia gained on news that it will acquire artificial intelligence (AI) platform Hugging Face.
Major U.S. indexes gained this morning as markets reassessed the probability of a September rate hike. Federal Reserve Governor Christopher Waller said he'd lean toward holding rates steady unless there are any major inflation surprises. His stance, which seemed to contrast with Chairman Kevin Warsh's emphasis on reducing stubborn inflation, reduced some of the pressure on U.S. Treasuries.
Investors will be watching tomorrow's labor market report and further inflation data due next week closely, as both will impact the Fed committee's decision when they meet on Sept. 15 and 16. Interest rate decisions can cause short-term headwinds for the stock market, and volatility is likely to increase in the second half of this year. However, unchecked inflation can erode long-term value and do more damage to your portfolio than higher rates.
#major
2 months ago
VinFast has reportedly suspended local manufacturing plans for three electric vehicle models in India, instructing suppliers to halt related work while the company reassesses costs.
Citing unnamed sources and an internal memo, Reuters reported that VinFast had asked suppliers to "hold all activities" on three programmes: the VF 3, a two-door SUV regarded as its most affordably priced offering for the Indian market, alongside the VF 6 and VF 7 SUVs.
The latter two are presently imported as kits from Vietnam for ******* embly within the country.
The development represents a setback roughly a year after VinFast, backed by Vietnamese conglomerate Vingroup, entered the Indian market in September 2025 with the launch of its VF 6 and VF 7 electric SUVs.
The company established its first factory outside Vietnam in southern India last year and committed to a $2bn investment as part of efforts to build a regional manufacturing hub serving South Asia, the Middle East and Africa.
#vinfast
Citing unnamed sources and an internal memo, Reuters reported that VinFast had asked suppliers to "hold all activities" on three programmes: the VF 3, a two-door SUV regarded as its most affordably priced offering for the Indian market, alongside the VF 6 and VF 7 SUVs.
The latter two are presently imported as kits from Vietnam for ******* embly within the country.
The development represents a setback roughly a year after VinFast, backed by Vietnamese conglomerate Vingroup, entered the Indian market in September 2025 with the launch of its VF 6 and VF 7 electric SUVs.
The company established its first factory outside Vietnam in southern India last year and committed to a $2bn investment as part of efforts to build a regional manufacturing hub serving South Asia, the Middle East and Africa.
#vinfast
2 months ago
Kalshi is pricing a 25-basis-point September rate increase at 59% against 42% for no change. Other reported measures put the probability at about 60% to 68% before the September 15-16 Federal Open Market Committee meeting. On the other hand, Fed rate-cut odds have dropped to just 1%, as all hope of a possible cut fades.
That range creates a clear question for risk ******* ets, including Bitcoin. If the Federal Reserve holds rates while market pricing continues to favor an increase, the difference between the expected outcome and the decision could prompt a reassessment of bearish positioning.
A hold alone would not establish a bullish outcome; the market response would also depend on the Fed's accompanying message. A hold, accompanied by a dovish speech from new SEC Chair Kevin Warsh, could provide a boost to the crypto market.
SOURCE: Kalshi
The repricing follows a public policy split. Trump said that US interest rates were too high and said he respected Kevin Warsh and his responsibility to make the necessary decision. He had previously said he would not have selected Warsh to lead the Fed if he wanted interest-rate increases.
#market #rate #kalshi
That range creates a clear question for risk ******* ets, including Bitcoin. If the Federal Reserve holds rates while market pricing continues to favor an increase, the difference between the expected outcome and the decision could prompt a reassessment of bearish positioning.
A hold alone would not establish a bullish outcome; the market response would also depend on the Fed's accompanying message. A hold, accompanied by a dovish speech from new SEC Chair Kevin Warsh, could provide a boost to the crypto market.
SOURCE: Kalshi
The repricing follows a public policy split. Trump said that US interest rates were too high and said he respected Kevin Warsh and his responsibility to make the necessary decision. He had previously said he would not have selected Warsh to lead the Fed if he wanted interest-rate increases.
#market #rate #kalshi
2 months ago
A major grocery chain continues to reduce its store footprint, with another location set to close in a key U.S. market.
The latest shutdown will eliminate one of the city's two remaining stores operated under the chain's banner, leaving shoppers with fewer options for groceries, pharmacy services, and other everyday essentials.
The closure will affect about 100 unionized workers and comes as the company's parent works to streamline its operations and reassess parts of its store portfolio.
Founded in 1922 in Portland, Oregon, by its namesake, the Fred Meyer grocery store chain was among the first to pioneer the one-stop-shop format. The Kroger Co. (KR) acquired Fred Meyer in 1999 and operates the banner alongside other brands.
Fred Meyer is closing its James Center store at 6901 S. 19th St. in Tacoma, Washington. The store is expected to remain open until Jan. 30, 2027, and approximately 100 unionized workers will be affected.
#grocery #banner #workers #portland
The latest shutdown will eliminate one of the city's two remaining stores operated under the chain's banner, leaving shoppers with fewer options for groceries, pharmacy services, and other everyday essentials.
The closure will affect about 100 unionized workers and comes as the company's parent works to streamline its operations and reassess parts of its store portfolio.
Founded in 1922 in Portland, Oregon, by its namesake, the Fred Meyer grocery store chain was among the first to pioneer the one-stop-shop format. The Kroger Co. (KR) acquired Fred Meyer in 1999 and operates the banner alongside other brands.
Fred Meyer is closing its James Center store at 6901 S. 19th St. in Tacoma, Washington. The store is expected to remain open until Jan. 30, 2027, and approximately 100 unionized workers will be affected.
#grocery #banner #workers #portland
2 months ago
What happened: Gold futures (GC=F) fell on Monday, but still closed out their best month since February.
What's behind the move: The precious metal rose roughly 10% in August, despite a recent pullback after Federal Reserve Chairman Kevin Warsh signaled that interest rate increases could be necessary to bring inflation under control.
US strikes on Iranian rocket launchers in the Strait of Hormuz region also reignited inflation fears as oil prices jumped.
Gold futures for December delivery hovered near $4,481 per troy ounce on Monday, extending declines of more than 3% on Friday after Warsh's commentary at Jackson Hole sent the precious metal tumbling as investors reassessed expectations for interest rates.
Read more: Gold prices today: Monday, Aug. 31: Gold sinks following U.S. strikes on Iran
#metal #interest #inflation
What's behind the move: The precious metal rose roughly 10% in August, despite a recent pullback after Federal Reserve Chairman Kevin Warsh signaled that interest rate increases could be necessary to bring inflation under control.
US strikes on Iranian rocket launchers in the Strait of Hormuz region also reignited inflation fears as oil prices jumped.
Gold futures for December delivery hovered near $4,481 per troy ounce on Monday, extending declines of more than 3% on Friday after Warsh's commentary at Jackson Hole sent the precious metal tumbling as investors reassessed expectations for interest rates.
Read more: Gold prices today: Monday, Aug. 31: Gold sinks following U.S. strikes on Iran
#metal #interest #inflation
2 months ago
Aristotle Capital Management, LLC, an investment management company, released its "Value Equity Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a 4.32% total return in Q2 2026, underperforming the 13.87% gain for the Russell 1000 Value Index and the 15.20% return for the S&P 500, while its 1.99% year-to-date return also lagged the Russell 1000 Value Index's 16.26% and the S&P 500's 10.21%. The Fund attributed the performance gap largely to limited exposure to the AI infrastructure spending boom, noting that the U.S. has about 4,000 existing data centers and nearly 3,000 more planned or under construction, while AI-related demand has created bottlenecks in processors and memory. The letter highlighted the scale of the cycle, with industry cash flows in key AI hardware areas rising sharply, while the Russell 1000 Value Index's top 10 contributors gained an average 182% year to date and accounted for 9.29 percentage points of the index's 16.23% return. Looking ahead, the fund expects investors to eventually reassess the sustainability of current AI infrastructure earnings and valuations. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Motorola Solutions, Inc. (NYSE:MSI). Motorola Solutions, Inc. (NYSE:MSI) provides mission-critical communications, public safety, video security, and enterprise security solutions. The one-month return of Motorola Solutions, Inc. (NYSE:MSI) was 11.66% while its shares traded between $359.36 and $493.57 over the last 52 weeks. On August 27, 2026, Motorola Solutions, Inc. (NYSE:MSI) stock closed at approximately $487.28 per share, with a market capitalization of about $80.52 billion.
Aristotle Value Equity Fund stated the following regarding Motorola Solutions, Inc. (NYSE:MSI) in its Q2 2026 investor letter:
Motorola Solutions, Inc. (NYSE:MSI), the provider of mission-critical communications and security systems, was one of the largest detractors during the quarter. Shares declined as higher memory and supply chain costs weighed on near-term margin expectations. While these factors affected near-term results, they do not change our long-term thesis. At the core of the company is its land mobile radio business, which provides the communication backbone used by police, fire, and emergency responders—particularly during natural disasters or other high-stress situations when commercial networks may become congested or unavailable. These systems are deeply embedded in public safety agencies, where reliability, control, and resiliency are non-negotiable, and customer relationships are often supported by long-term service agreements, predictable equipment refresh cycles, and decades of trust. Importantly, Motorola is using this installed base to broaden its platform, integrating radios with video security, body-worn cameras, and command center so
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Motorola Solutions, Inc. (NYSE:MSI). Motorola Solutions, Inc. (NYSE:MSI) provides mission-critical communications, public safety, video security, and enterprise security solutions. The one-month return of Motorola Solutions, Inc. (NYSE:MSI) was 11.66% while its shares traded between $359.36 and $493.57 over the last 52 weeks. On August 27, 2026, Motorola Solutions, Inc. (NYSE:MSI) stock closed at approximately $487.28 per share, with a market capitalization of about $80.52 billion.
Aristotle Value Equity Fund stated the following regarding Motorola Solutions, Inc. (NYSE:MSI) in its Q2 2026 investor letter:
Motorola Solutions, Inc. (NYSE:MSI), the provider of mission-critical communications and security systems, was one of the largest detractors during the quarter. Shares declined as higher memory and supply chain costs weighed on near-term margin expectations. While these factors affected near-term results, they do not change our long-term thesis. At the core of the company is its land mobile radio business, which provides the communication backbone used by police, fire, and emergency responders—particularly during natural disasters or other high-stress situations when commercial networks may become congested or unavailable. These systems are deeply embedded in public safety agencies, where reliability, control, and resiliency are non-negotiable, and customer relationships are often supported by long-term service agreements, predictable equipment refresh cycles, and decades of trust. Importantly, Motorola is using this installed base to broaden its platform, integrating radios with video security, body-worn cameras, and command center so
2 months ago
Aristotle Capital Management, LLC, an investment management company, released its "Value Equity Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a 4.32% total return in Q2 2026, underperforming the 13.87% gain for the Russell 1000 Value Index and the 15.20% return for the S&P 500, while its 1.99% year-to-date return also lagged the Russell 1000 Value Index's 16.26% and the S&P 500's 10.21%. The Fund attributed the performance gap largely to limited exposure to the AI infrastructure spending boom, noting that the U.S. has about 4,000 existing data centers and nearly 3,000 more planned or under construction, while AI-related demand has created bottlenecks in processors and memory. The letter highlighted the scale of the cycle, with industry cash flows in key AI hardware areas rising sharply, while the Russell 1000 Value Index's top 10 contributors gained an average 182% year to date and accounted for 9.29 percentage points of the index's 16.23% return. Looking ahead, the fund expects investors to eventually reassess the sustainability of current AI infrastructure earnings and valuations. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Danaher Corporation (NYSE:DHR). Danaher Corporation (NYSE:DHR) develops life sciences, diagnostics, and biotechnology products and technologies used across healthcare and research markets. The one-month return of Danaher Corporation (NYSE:DHR) was 10.62% while its shares traded between $160.93 and $242.80 over the last 52 weeks. On August 27, 2026, Danaher Corporation (NYSE:DHR) stock closed at approximately $215.36 per share, with a market capitalization of about $155.62 billion.
Aristotle Value Equity Fund stated the following regarding Danaher Corporation (NYSE:DHR) in its Q2 2026 investor letter:
We first invested in Danaher Corporation (NYSE:DHR), a company focused on biotechnology, life sciences and diagnostics, in the second quarter of 2016, attracted by its disciplined capital allocation, differentiated operating culture and consistent FREE cash flow generation. The business is distinguished by a portfolio of market-leading franchises and a high mix of recurring consumables revenue tied to a large installed base. Its differentiated operating culture, anchored by the Danaher Business System, has historically enabled the company to be a highly effective acquirer, consistently integrating new businesses, expanding margins and driving strong FREE cash flow generation. Over our decade-long holding period, Danaher successfully transformed itself from a diversified industrial company into a more focused healthcare business. This evolution included the spinoffs of Fortive, Envista, and Veralto, as well as the acquisition and integration of key ***** ets such as Pall, Cepheid and Cytiva. The company also increased the contribution from re
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Danaher Corporation (NYSE:DHR). Danaher Corporation (NYSE:DHR) develops life sciences, diagnostics, and biotechnology products and technologies used across healthcare and research markets. The one-month return of Danaher Corporation (NYSE:DHR) was 10.62% while its shares traded between $160.93 and $242.80 over the last 52 weeks. On August 27, 2026, Danaher Corporation (NYSE:DHR) stock closed at approximately $215.36 per share, with a market capitalization of about $155.62 billion.
Aristotle Value Equity Fund stated the following regarding Danaher Corporation (NYSE:DHR) in its Q2 2026 investor letter:
We first invested in Danaher Corporation (NYSE:DHR), a company focused on biotechnology, life sciences and diagnostics, in the second quarter of 2016, attracted by its disciplined capital allocation, differentiated operating culture and consistent FREE cash flow generation. The business is distinguished by a portfolio of market-leading franchises and a high mix of recurring consumables revenue tied to a large installed base. Its differentiated operating culture, anchored by the Danaher Business System, has historically enabled the company to be a highly effective acquirer, consistently integrating new businesses, expanding margins and driving strong FREE cash flow generation. Over our decade-long holding period, Danaher successfully transformed itself from a diversified industrial company into a more focused healthcare business. This evolution included the spinoffs of Fortive, Envista, and Veralto, as well as the acquisition and integration of key ***** ets such as Pall, Cepheid and Cytiva. The company also increased the contribution from re
2 months ago
Aristotle Capital Management, LLC, an investment management company, released its "Value Equity Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a 4.32% total return in Q2 2026, underperforming the 13.87% gain for the Russell 1000 Value Index and the 15.20% return for the S&P 500, while its 1.99% year-to-date return also lagged the Russell 1000 Value Index's 16.26% and the S&P 500's 10.21%. The Fund attributed the performance gap largely to limited exposure to the AI infrastructure spending boom, noting that the U.S. has about 4,000 existing data centers and nearly 3,000 more planned or under construction, while AI-related demand has created bottlenecks in processors and memory. The letter highlighted the scale of the cycle, with industry cash flows in key AI hardware areas rising sharply, while the Russell 1000 Value Index's top 10 contributors gained an average 182% year to date and accounted for 9.29 percentage points of the index's 16.23% return. Looking ahead, the fund expects investors to eventually reassess the sustainability of current AI infrastructure earnings and valuations. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Corteva, Inc. (NYSE:CTVA). Corteva, Inc. (NYSE:CTVA) provides advanced seeds, crop protection products, and agricultural technologies designed to improve farm productivity and resilience. The one-month return of Corteva, Inc. (NYSE:CTVA) was 4.69% while its shares traded between $60.54 and $90.97 over the last 52 weeks. On August 27, 2026, Corteva, Inc. (NYSE:CTVA) stock closed at approximately $82.88 per share, with a market capitalization of about $54.98 billion.
Aristotle Value Equity Fund stated the following regarding Corteva, Inc. (NYSE:CTVA) in its Q2 2026 investor letter:
Corteva, Inc. (NYSE:CTVA), the seed and crop protection company, was one of the largest detractors during the period. While fundamentals remained healthy, with first-quarter FREE cash flow supported by strength in both Seed and Crop Protection, the stock lagged a sharply rising market as investors focused on Corteva's more tempered outlook for the balance of the year. The management team cited potential second-half headwinds from tariffs, higher oil-related input costs, farmer fuel expenses, and competitive crop protection pricing in Latin America and Asia. We believe the market also weighed the near-term complexity of Corteva's planned fourth-quarter separation into New Corteva and Vylor, including potential dis-synergies from operating two public companies. Nevertheless, our investment thesis remains intact. Farmers continue to adopt Corteva's latest hybrids, varieties, and premium crop protection technologies, supporting Corteva's margin expansion. Meanwhile, the company's R&D-led innovation, disciplined cost management, and path toward net royalty income sho
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Corteva, Inc. (NYSE:CTVA). Corteva, Inc. (NYSE:CTVA) provides advanced seeds, crop protection products, and agricultural technologies designed to improve farm productivity and resilience. The one-month return of Corteva, Inc. (NYSE:CTVA) was 4.69% while its shares traded between $60.54 and $90.97 over the last 52 weeks. On August 27, 2026, Corteva, Inc. (NYSE:CTVA) stock closed at approximately $82.88 per share, with a market capitalization of about $54.98 billion.
Aristotle Value Equity Fund stated the following regarding Corteva, Inc. (NYSE:CTVA) in its Q2 2026 investor letter:
Corteva, Inc. (NYSE:CTVA), the seed and crop protection company, was one of the largest detractors during the period. While fundamentals remained healthy, with first-quarter FREE cash flow supported by strength in both Seed and Crop Protection, the stock lagged a sharply rising market as investors focused on Corteva's more tempered outlook for the balance of the year. The management team cited potential second-half headwinds from tariffs, higher oil-related input costs, farmer fuel expenses, and competitive crop protection pricing in Latin America and Asia. We believe the market also weighed the near-term complexity of Corteva's planned fourth-quarter separation into New Corteva and Vylor, including potential dis-synergies from operating two public companies. Nevertheless, our investment thesis remains intact. Farmers continue to adopt Corteva's latest hybrids, varieties, and premium crop protection technologies, supporting Corteva's margin expansion. Meanwhile, the company's R&D-led innovation, disciplined cost management, and path toward net royalty income sho
2 months ago
Aristotle Capital Management, LLC, an investment management company, released its "Value Equity Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a 4.32% total return in Q2 2026, underperforming the 13.87% gain for the Russell 1000 Value Index and the 15.20% return for the S&P 500, while its 1.99% year-to-date return also lagged the Russell 1000 Value Index's 16.26% and the S&P 500's 10.21%. The Fund attributed the performance gap largely to limited exposure to the AI infrastructure spending boom, noting that the U.S. has about 4,000 existing data centers and nearly 3,000 more planned or under construction, while AI-related demand has created bottlenecks in processors and memory. The letter highlighted the scale of the cycle, with industry cash flows in key AI hardware areas rising sharply, while the Russell 1000 Value Index's top 10 contributors gained an average 182% year to date and accounted for 9.29 percentage points of the index's 16.23% return. Looking ahead, the fund expects investors to eventually reassess the sustainability of current AI infrastructure earnings and valuations. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Alphabet Inc. (NASDAQ:GOOGL). Alphabet Inc. (NASDAQ:GOOGL) operates Google Search, YouTube, Google Cloud, and a broad portfolio of digital products and technology businesses. The one-month return of Alphabet Inc. (NASDAQ:GOOGL) was -4.35% while its shares traded between $206.20 and $408.61 over the last 52 weeks. On August 27, 2026, Alphabet Inc. (NASDAQ:GOOGL) stock closed at approximately $342.00 per share, with a market capitalization of about $4.17 trillion.
Aristotle Value Equity Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q2 2026 investor letter:
Alphabet Inc. (NASDAQ:GOOGL), the parent company of Google and YouTube, was a primary contributor during the period. We initiated our position in the first quarter of 2025, when investors were concerned that generative AI tools would fundamentally alter search behavior and erode Google's advertising franchise. Since then, Alphabet has continued to demonstrate the strength of its ecosystem and the resilience of its core businesses. Google Search has remained strong, with AI-powered features increasing user engagement while supporting advertising growth, and Google Cloud has continued to benefit from robust enterprise demand for AI infrastructure and services. Importantly, Alphabet appears increasingly capable of monetizing these new experiences in a manner consistent with its historical strengths, through advertising, distribution, and integration across a broad user base rather than relying solely on paid subscriptions. YouTube also remains well positioned to benefit from continued growth in advertising and subscription revenues, including YouTube TV, as consume
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Alphabet Inc. (NASDAQ:GOOGL). Alphabet Inc. (NASDAQ:GOOGL) operates Google Search, YouTube, Google Cloud, and a broad portfolio of digital products and technology businesses. The one-month return of Alphabet Inc. (NASDAQ:GOOGL) was -4.35% while its shares traded between $206.20 and $408.61 over the last 52 weeks. On August 27, 2026, Alphabet Inc. (NASDAQ:GOOGL) stock closed at approximately $342.00 per share, with a market capitalization of about $4.17 trillion.
Aristotle Value Equity Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q2 2026 investor letter:
Alphabet Inc. (NASDAQ:GOOGL), the parent company of Google and YouTube, was a primary contributor during the period. We initiated our position in the first quarter of 2025, when investors were concerned that generative AI tools would fundamentally alter search behavior and erode Google's advertising franchise. Since then, Alphabet has continued to demonstrate the strength of its ecosystem and the resilience of its core businesses. Google Search has remained strong, with AI-powered features increasing user engagement while supporting advertising growth, and Google Cloud has continued to benefit from robust enterprise demand for AI infrastructure and services. Importantly, Alphabet appears increasingly capable of monetizing these new experiences in a manner consistent with its historical strengths, through advertising, distribution, and integration across a broad user base rather than relying solely on paid subscriptions. YouTube also remains well positioned to benefit from continued growth in advertising and subscription revenues, including YouTube TV, as consume
2 months ago
Aristotle Capital Management, LLC, an investment management company, released its "Value Equity Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a 4.32% total return in Q2 2026, underperforming the 13.87% gain for the Russell 1000 Value Index and the 15.20% return for the S&P 500, while its 1.99% year-to-date return also lagged the Russell 1000 Value Index's 16.26% and the S&P 500's 10.21%. The Fund attributed the performance gap largely to limited exposure to the AI infrastructure spending boom, noting that the U.S. has about 4,000 existing data centers and nearly 3,000 more planned or under construction, while AI-related demand has created bottlenecks in processors and memory. The letter highlighted the scale of the cycle, with industry cash flows in key AI hardware areas rising sharply, while the Russell 1000 Value Index's top 10 contributors gained an average 182% year to date and accounted for 9.29 percentage points of the index's 16.23% return. Looking ahead, the fund expects investors to eventually reassess the sustainability of current AI infrastructure earnings and valuations. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like QUALCOMM Incorporated (NASDAQ:QCOM). QUALCOMM Incorporated (NASDAQ:QCOM) develops wireless technologies and semiconductor solutions powering smartphones, automotive systems, and connected devices worldwide. The one-month return of QUALCOMM Incorporated (NASDAQ:QCOM) was 11.63% while its shares traded between $121.99 and $259.92 over the last 52 weeks. On August 27, 2026, QUALCOMM Incorporated (NASDAQ:QCOM) stock closed at approximately $163.72 per share, with a market capitalization of about $176.00 billion.
Aristotle Value Equity Fund stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q2 2026 investor letter:
QUALCOMM Incorporated (NASDAQ:QCOM), a leading semiconductor and communications technology company, was the largest contributor for the quarter. Shares recovered as management indicated that the inventory adjustments and production constraints resulting from higher memory costs were progressing largely as expected and that handset revenues from Chinese customers were expected to reach a bottom. As we noted last quarter, we believed these headwinds to be cyclical rather than structural and did not alter our long-term investment thesis. The company also continued to make progress on its long-term strategy of evolving from a handset-centric company into a broader provider of connected computing technologies. Automotive revenue reached another record high, while Internet of Things (IoT) and newer businesses such as AI-enabled PCs, industrial applications, and data center computing continue to represent a growing portion of the company and remain central to its long-term diversification strategy. We believe Qualco
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like QUALCOMM Incorporated (NASDAQ:QCOM). QUALCOMM Incorporated (NASDAQ:QCOM) develops wireless technologies and semiconductor solutions powering smartphones, automotive systems, and connected devices worldwide. The one-month return of QUALCOMM Incorporated (NASDAQ:QCOM) was 11.63% while its shares traded between $121.99 and $259.92 over the last 52 weeks. On August 27, 2026, QUALCOMM Incorporated (NASDAQ:QCOM) stock closed at approximately $163.72 per share, with a market capitalization of about $176.00 billion.
Aristotle Value Equity Fund stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q2 2026 investor letter:
QUALCOMM Incorporated (NASDAQ:QCOM), a leading semiconductor and communications technology company, was the largest contributor for the quarter. Shares recovered as management indicated that the inventory adjustments and production constraints resulting from higher memory costs were progressing largely as expected and that handset revenues from Chinese customers were expected to reach a bottom. As we noted last quarter, we believed these headwinds to be cyclical rather than structural and did not alter our long-term investment thesis. The company also continued to make progress on its long-term strategy of evolving from a handset-centric company into a broader provider of connected computing technologies. Automotive revenue reached another record high, while Internet of Things (IoT) and newer businesses such as AI-enabled PCs, industrial applications, and data center computing continue to represent a growing portion of the company and remain central to its long-term diversification strategy. We believe Qualco
2 months ago
Fluence Energy (NASDAQ:FLNC) shares jumped 8.7% in pre-market trading after UBS upgraded the energy storage company to Neutral from Sell and raised its price target to $12.00 from $9.00.
The change represents a significant shift in stance from one of the more bearish institutional ***** ysts covering Fluence. UBS reassessed its outlook following a period of heavy selling pressure that had pushed the stock sharply lower after the company's recent earnings.
A key factor behind the upgrade was UBS's revised financial model, which now forecasts Fluence Energy revenue growing at a five-year compound annual rate of 22% through 2030.
The bank expects increasing demand for battery storage, particularly within hybrid projects combining solar generation with energy storage, to support the company's longer-term expansion.
UBS also revised its adjusted EBITDA forecasts for fiscal 2026, 2027 and 2028. Importantly, the bank concluded that some revenue previously expected in the current financial year had been delayed into the following period rather than permanently lost.
#fluence #revenue
The change represents a significant shift in stance from one of the more bearish institutional ***** ysts covering Fluence. UBS reassessed its outlook following a period of heavy selling pressure that had pushed the stock sharply lower after the company's recent earnings.
A key factor behind the upgrade was UBS's revised financial model, which now forecasts Fluence Energy revenue growing at a five-year compound annual rate of 22% through 2030.
The bank expects increasing demand for battery storage, particularly within hybrid projects combining solar generation with energy storage, to support the company's longer-term expansion.
UBS also revised its adjusted EBITDA forecasts for fiscal 2026, 2027 and 2028. Importantly, the bank concluded that some revenue previously expected in the current financial year had been delayed into the following period rather than permanently lost.
#fluence #revenue
2 months ago
Liverpool have made a bid to sign an African star.
Richard Hughes' time at Liverpool appears to be drawing to a close, with his expected move to Al Hilal bringing an end to a relatively short but eventful spell as sporting director.
Assessing his tenure is difficult because it has contained such contrasting periods. Liverpool have enjoyed significant success during his time at the club, but that has been accompanied by several transfer windows in which the recruitment process has appeared increasingly uncertain.
Hughes' first summer was defined by the failure to land Martin Zubimendi, while his third has followed a similar pattern after Yan Diomande opted for Real Madrid. His second window was considerably more productive, with Liverpool securing a number of their primary targets. However, the performances of several of those signings have yet to consistently match the level of investment involved.
That context has inevitably shaped the perception of Hughes as he approaches the end of his tenure.
#hilal
Richard Hughes' time at Liverpool appears to be drawing to a close, with his expected move to Al Hilal bringing an end to a relatively short but eventful spell as sporting director.
Assessing his tenure is difficult because it has contained such contrasting periods. Liverpool have enjoyed significant success during his time at the club, but that has been accompanied by several transfer windows in which the recruitment process has appeared increasingly uncertain.
Hughes' first summer was defined by the failure to land Martin Zubimendi, while his third has followed a similar pattern after Yan Diomande opted for Real Madrid. His second window was considerably more productive, with Liverpool securing a number of their primary targets. However, the performances of several of those signings have yet to consistently match the level of investment involved.
That context has inevitably shaped the perception of Hughes as he approaches the end of his tenure.
#hilal
