Harbor Funds, an investment management company, released its Q2 2026 investor letter for "Harbor Mid Cap Value Fund". The letter can be downloaded here. Global equities experienced a sharp rally in Q2 2026, with the S&P 500 returning 15.2%, its strongest quarter since 2020, driven by a shift from software to hardware in the Artificial Intelligence capital spending cycle. Small caps outperformed large caps, with the Russell 2000® gaining 21.5% compared to the Russell 1000's 15.1%. Growth stocks led within large caps, while Information Technology rose about 33%, contributing significantly to the S&P 500's return. The Harbor Mid Cap Value Fund returned 13.99%, outperforming its benchmark, the Russell Midcap Value Index. Strong stock selection in Consumer Discretionary, Real Estate, and Financials contributed positively, although an underweight in Information Technology negatively impacted results. Despite ongoing economic uncertainties, the investment philosophy remains committed to a disciplined value approach. Check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted Garrett Motion Inc. (NASDAQ:GTX) as a material contributor to performance. Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On September 04, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -3.58%, and its shares gained 111.73% over the past 52 weeks. Garrett Motion Inc. has a market capitalization of $4.97 billion.
Harbor Mid Cap Value Fund stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"The top contributors in the second quarter included three Information Technology holdings, as well as Garrett Motion Inc. (NASDAQ:GTX) in the Consumer Discretionary sector and State Street in Financials. Garrett Motion was up nearly 100% after a strong first quarter earnings report significantly exceeded ***** ysts' expectations and provided improved guidance going forward. The company has continued to generate good cash flow and buys back stock aggressively."
Garrett Motion Inc. (NASDAQ:GTX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 49 hedge fund portfolios held Garrett Motion Inc. (NASDAQ:GTX) at the end of the second quarter, up from 46 in the previous quarter. While we acknowledge the potential of Garrett Motion Inc. (NASDAQ:GTX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#garrett #fund

Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
French energy distributor Rubis just proved that expensive oil does not have to mean ugly numbers. First-half profits jumped, guidance went up and investors rewarded the French energy distributor with a roughly 5% share-price pop.
Rubis shares climbed after the French energy distribution and renewables group delivered a strong first half and upgraded its full-year outlook.
Revenue rose 24% to €4.07 billion (about $4.8 billion) in the six months to June, while EBITDA increased 18% to €434 million from €369 million a year earlier.
Net income attributable to shareholders climbed 17% to €191 million, with diluted earnings per share also rising 17% to €1.85.

#rubis #distributor #half

Harbor Funds, an investment management company, released its Q2 2026 investor letter for "Harbor Mid Cap Value Fund". The letter can be downloaded here. Global equities experienced a sharp rally in Q2 2026, with the S&P 500 returning 15.2%, its strongest quarter since 2020, driven by a shift from software to hardware in the Artificial Intelligence capital spending cycle. Small caps outperformed large caps, with the Russell 2000® gaining 21.5% compared to the Russell 1000's 15.1%. Growth stocks led within large caps, while Information Technology rose about 33%, contributing significantly to the S&P 500's return. The Harbor Mid Cap Value Fund returned 13.99%, outperforming its benchmark, the Russell Midcap Value Index. Strong stock selection in Consumer Discretionary, Real Estate, and Financials contributed positively, although an underweight in Information Technology negatively impacted results. Despite ongoing economic uncertainties, the investment philosophy remains committed to a disciplined value approach. Check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted TD SYNNEX Corporation (NYSE:SNX) as a top contributor. TD SYNNEX Corporation (NYSE:SNX) is a leading distributor and solutions aggregator for the information technology (IT) ecosystem. On September 04, 2026, TD SYNNEX Corporation (NYSE:SNX) closed at $262.64 per share. Over the past month, TD SYNNEX Corporation (NYSE:SNX) returned 3.51%, and its shares are up 74.64% over the past year. TD SYNNEX Corporation (NYSE:SNX) has a market capitalization of $21 billion.
Harbor Mid Cap Value Fund stated the following regarding TD SYNNEX Corporation (NYSE:SNX) in its Q2 2026 investor letter:
"The top contributors in the second quarter included three Information Technology holdings: TD SYNNEX Corporation (NYSE:SNX), Arrow Electronics, and Hewlett Packard Enterprise. TD Synnex was up more than 50%, benefiting from surging demand for AI infrastructure and cloud computing. The company reported strong earnings and easily beat ******* ysts' consensus. Management also came out with increased guidance for the coming quarters."
TD SYNNEX Corporation (NYSE:SNX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 60 hedge fund portfolios held TD SYNNEX Corporation (NYSE:SNX) at the end of the second quarter, up from 50 in the previous quarter. While we acknowledge the potential of TD SYNNEX Corporation (NYSE:SNX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#technology #letter

It's been a busy last twelve months for Craig Carton. Following the cancellation of his FS1 program, Breakfast Ball, in July, many speculated about where Carton's path would lead after his network television debut. The results of that journey to today shouldn't be surprising.
First, Carton remained a partner with FOX and worked with Red Seat Ventures to develop a one-hour daily program **** led The Craig Carton Show. His return to WFAN followed, with the official announcement coming in early December. Earlier this year, Carton added another layer to his growing media presence by teaming with Lil Wayne for The Joint Venture podcast. Beginning today, Carton elevates that initial project by bringing The Craig Carton Show to a rebranded and growing OutKick digital platform.
"I have been a frequent guest on OutKick as well as FOX News. So, there's some familiarity that I have with them, and they have with me," said Carton about the early discussions surrounding bringing The Craig Carton Show to OutKick. "I was a guest with Dan [Dakich] about six months ago. Afterwards, they reached out and inquired about my deal with FOX expiring. The interest was mutual."
With Carton's FOX contract coming to an end earlier this summer, the network made an offer to keep him in tow along with The Craig Carton Show podcast. However, the network allowed Carton to retain the podcast and shop it around to other distributors outside of his prior arrangement with SportsGrid.
"I had the ability to go look for other partners, but they [OutKick] had an interest in me. It sort of came together at the same time. I have great respect for FOX as a company. They've been great to me on the sports side. Then to take that and evolve our relationship under the FOX News umbrella was a no-brainer," explained Carton, who co-owns the IP for The Craig Carton Show with FOX. "We're partners in every sense of the word."

#craig #network #program

On August 13, Applied Industrial Technologies (NYSE:AIT) reported fiscal fourth-quarter and full-year results for the period ended June 30, and the numbers were the best in company history. Quarterly sales climbed 10.4% year over year to $1.4 billion, with organic growth of 9.7% marking the strongest pace in more than three years. Yet in the same release, the industrial distributor guided fiscal 2027 sales growth to just 4.0% to 6.5%, a sharp step down that leaves investors wondering whether the acceleration is fading or just getting started.
Applied Industrial's fourth quarter showed growth spreading rather than concentrating in one corner of the business. The Engineered Solutions segment grew 12.9% while the Service Center segment grew 7.9%, both accelerating well past the pace either had shown earlier in the fiscal year. Full-year net sales reached $5.0 billion, up 8.8% year over year, with organic growth of 5.4%, meaning the fourth quarter alone ran at nearly double the full-year organic rate.
Profitability grew even faster than revenue. Fourth-quarter EBITDA rose 16.1% year over year to $177.6 million, and EBITDA margins expanded by more than 60 basis points, evidence that the extra sales reached the bottom line rather than getting discounted away. Net income for the quarter climbed 13.2% to $118.6 million, or $3.17 per share, while full-year earnings per share reached $10.95, up 8.2%. Management also pointed to an estimated 7% organic sales increase in the first quarter of fiscal 2027 to date, suggesting the demand that showed up in the June quarter has not cooled off since.
The company used that strength to raise its own long-term bar, lifting its intermediate targets to $7 billion in sales and 14% EBITDA margins over the next five years, and pointing to an active M&A pipeline as another lever beyond organic growth.
The same release that celebrated record results also set a noticeably slower pace for the year ahead. Fiscal 2027 guidance calls for total sales growth of only 4.0% to 6.5%, well below the 9.7% organic growth just posted, and EBITDA margins are guided to 12.5% to 12.8%, short of the 14% margin the company now targets down the road. Management explicitly cited tougher comparisons as fiscal 2027 plays out, language that suggests the fourth quarter's growth rate was closer to a peak than a new baseline.

#year #quarter #sales #full

On July 1, QXO Inc. (NYSE:QXO) finalized its cash-and-stock acquisition of TopBuild Corp. for a $17 billion consideration. This makes QXO North America's largest distributor and installer of insulation, the largest distributor of waterproofing products, and the second-largest distributor of roofing products.. Chairman and CEO, Brad Jacobs, noted that the acquisition will enable QXO to explore rapidly expanding end markets such as data centers and broaden its product portfolio. Let's explore QXO's acquisitive growth strategy within the building products distribution segment and what potential does it offer to the company going forward.
QXO's acquisition of TopBuild is anticipated to be a highly accretive deal, with the company expecting at least $300 million of annual synergies by 2030. These will be linked with pricing, procurement, and cross-selling opportunities. Along with previous transactions involving $2.25 billion purchase of Kodiak Building Partners back in April and $11 billion acquisition of Beacon Roofing Supply in 2025, it makes QXO one of the top names across roofing, insulation, waterproofing, and building materials categories within North America.
The company's financials also appear encouraging. On August 13, QXO announced its second quarter results. The company posted $3.25 billion in revenue compared to $1.91 billion during Q2 2025. Adjusted EBITDA clocked in at $272 million, exhibiting 33% year-on-year growth. Adjusted net income came in at $130 million, up by more than 19% relative to the same period last year. The comparison, however, is influenced by acquisition timing. This is because the 2026 quarter included Kodiak and a full quarter of Beacon, while the prior-year period included Beacon only from its April 29, 2025 acquisition date.
CEO and Chairman acknowledged the company's technological progress and financial growth during the quarter. He stated:
"We are focused on our plan to more than double EBITDA by 2030 and reach $50 billion in revenue within the decade."

#building

There is a reason Matt Campbell wanted to bring Rocco Becht from Iowa State to Penn State once he took over as the head coach in Happy Valley. Becht gave Campbell and Penn State an experienced starter at the most important position on the football field, and that veteran presence was shining in the season opener against Marshall.
Becht passed for 271 yards and four touchdowns to four different wide receivers in Penn State's 45-0 victory over the Thundering Herd. With Becht leading the offense, Penn State put points on the scoreboard on each of their first three possessions in the first quarter. Becht took advantage of his existing chemistry that carried over with a handful of former Iowa State teammates like Brett Eskildsen, Chase Sowell, and tight end Ben Brahmer (all three caught one of Becht's touchdown passes), and he may have found a new favorite go-to target in Koby Howard, who had a game-high 161 receiving yards.
"I thought Rocco was really efficient today in terms of, you were getting eight, nine guys in the box, you were getting a lot of pressure," Campbell said when discussing Becht's performance in Week 1. "I didn't know exactly what to expect, and I think for Rocco to be able to handle that and distribute the ball, sometimes being a great quarterback is like being a great point guard, you got to be a great distributor of where the ball needs to go, and I thought he was outstanding today."
The success of the passing game, including when backup quarterback Alex Manske came in to relieve Becht in the second half, helped make up for a pretty slow start for the running game. Penn State had just 62 rushing yards at halftime and never seemed to find cracks for some big gains on the ground. The rushing yardage piled up a bit more in the second half as the bench started getting some time on the field. Carson Hansen led the Nittany Lions with 48 rushing yards and Cam Wallace picked up 47 yards once he got some playing time in the second half with the game well in hand.
A slow day on the ground from the starters didn't seem to bother Campbell too much in his postgame press conference, although it will certainly be something to watch in the coming weeks. But as long as the football is moving down the field, Campbell seems satisfied with the end result.

#state #campbell #getting

On July 1, QXO Inc. (NYSE:QXO) finalized its cash-and-stock acquisition of TopBuild Corp. for a $17 billion consideration. This makes QXO North America's largest distributor and installer of insulation, the largest distributor of waterproofing products, and the second-largest distributor of roofing products.. Chairman and CEO, Brad Jacobs, noted that the acquisition will enable QXO to explore rapidly expanding end markets such as data centers and broaden its product portfolio. Let's explore QXO's acquisitive growth strategy within the building products distribution segment and what potential does it offer to the company going forward.
QXO's acquisition of TopBuild is anticipated to be a highly accretive deal, with the company expecting at least $300 million of annual synergies by 2030. These will be linked with pricing, procurement, and cross-selling opportunities. Along with previous transactions involving $2.25 billion purchase of Kodiak Building Partners back in April and $11 billion acquisition of Beacon Roofing Supply in 2025, it makes QXO one of the top names across roofing, insulation, waterproofing, and building materials categories within North America.
The company's financials also appear encouraging. On August 13, QXO announced its second quarter results. The company posted $3.25 billion in revenue compared to $1.91 billion during Q2 2025. Adjusted EBITDA clocked in at $272 million, exhibiting 33% year-on-year growth. Adjusted net income came in at $130 million, up by more than 19% relative to the same period last year. The comparison, however, is influenced by acquisition timing. This is because the 2026 quarter included Kodiak and a full quarter of Beacon, while the prior-year period included Beacon only from its April 29, 2025 acquisition date.
CEO and Chairman acknowledged the company's technological progress and financial growth during the quarter. He stated:
"We are focused on our plan to more than double EBITDA by 2030 and reach $50 billion in revenue within the decade."

#year

On the September 2 episode of Mad Money, Jim Cramer called Cardinal Health, Inc. (NYSE:CAH) one of his "absolute favorites" and mentioned its growing exposure to specialty pharmaceuticals and higher-margin healthcare services.
Cardinal's been running circles around McKesson and Cencora. They consistently put up the best numbers because this company has gradually become less of a commoditized service provider and more of a specialized player.
Cardinal Health, Inc.'s (NYSE:CAH) fiscal fourth-quarter revenue rose 6% to $63.7 billion but missed estimates, while adjusted earnings per share came in at $2.91. Excluding a $0.31 per share tariff refund benefit, adjusted EPS was $2.60. Management forecast fiscal 2027 non-GAAP EPS of $12.40 to $12.60, a 13% to 15% growth, while adjusted free cash flow is expected at $3.5 billion to $4 billion.
The revenue miss is less significant if the company continues converting pharmaceutical volume into earnings. Lower branded-drug prices, including those affected by Medicare negotiations, can reduce reported sales without a proportional decline in distributor fees. The shift toward generics can have a similar effect because lower-priced drugs generate less revenue but can support attractive margins and high volumes. As Cramer said:
Remember, volume is where Cardinal really makes the money, volume, okay? That's why I keep shrugging off the revenue misses.

#cardinal #less #billion #NYSE

With a market cap of $138.2 billion, Bristol-Myers Squibb Company (BMY) is a global biopharmaceutical company that discovers, develops, manufactures, and markets innovative medicines worldwide. Its portfolio spans key therapeutic areas including oncology, hematology, immunology, cardiovascular disease, and neuroscience, with well-known products such as Opdivo, Eliquis, Revlimid, and Yervoy.
Companies valued at $10 billion or more are generally classified as "large-cap" stocks, and Bristol-Myers Squibb fits this criterion perfectly. The company serves patients through a broad commercial network that includes wholesalers, distributors, specialty pharmacies, hospitals, clinics, and government agencies.
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential ***** eX Deal Could Meaningfully Accelerate Growth for Technip Stock

#company #bristol #squibb #Stock

Kala Bio, Inc. (NASDAQ:KALA) and Virotek Inc. have finalised an exclusive distribution and reseller agreement covering Virotek's ophthalmology genomic testing and screening programme in the United States.
Under the agreement, which took effect on September 4, 2026, Kala will serve as the sole U.S. distributor of the programme and will have the right to market, promote, distribute and resell Virotek's ophthalmology genetic testing services.
The agreement has an initial one-year term, with continued exclusivity dependent on Kala achieving agreed commercial milestones. It follows a non-binding letter of intent announced on September 1, 2026.
Virotek will remain responsible for the programme's infrastructure, supply of testing kits, specimen processing and clinical reporting. The company will also provide training and supporting materials to Kala's channel partners.
The companies have agreed to a profit-sharing arrangement that will take effect after Virotek recovers its programme costs. No additional financial terms were disclosed.

#programme

On August 25, Electromed (NASDAQ:ELMD) reported fiscal fourth-quarter results that extended a streak few small-cap medical device companies can claim: fifteen consecutive quarters of year-over-year revenue and profit growth. Net revenue hit a record $19.4 million, up 11.6% from a year earlier, and diluted earnings per share climbed to $0.39 from $0.25. Those headline numbers look clean, but they arrive alongside a leadership change and a hospital business moving in the opposite direction, which makes the quarter more complicated than the growth streak suggests.
Home care is still the whole story here. Home care revenue reached $17.7 million in the quarter, up 15.2% year over year, and for the full fiscal year it grew 16.3% to $66.6 million. That growth is coming from efficiency, not just headcount: on an annualized basis, home care revenue worked out to $1,145,000 per rep, above the company's own target range of $1 million to $1.1 million. Electromed ended the year with 64 direct sales reps and is targeting 67 filled territories for fiscal 2027, including two hospital account liaisons meant to catch patients as they move from acute care into home-based therapy.
The addressable market behind that growth still looks large. Management estimates roughly 1 million people in the U.S. carry a bronchiectasis diagnosis, yet only about 16% currently use high-frequency chest wall oscillation therapy, leaving close to 800,000 diagnosed patients untreated, plus more than 4 million additional people who may have the condition without a diagnosis at all. Payer access has kept pace with that opportunity.
Electromed closed the fiscal year with 87% of US covered lives under contract after signing 40 new payer agreements and adding 6 million covered lives. Its Smart Order e-prescribing tool handled 45% of fourth-quarter orders and shipped them noticeably faster than fax submissions, which matters as CMS rules phase out fax-based ordering by May 2028. All of this sits on a debt-free balance sheet, with cash growing to $20.5 million even after $3.9 million in share repurchases during the year.
The weaker spots are easy to miss next to those numbers. Hospital revenue fell 29% in the fourth quarter, which CEO James Cunniff attributed to a sales cycle that is "inherently less predictable than our other channels." The distributor channel grew just 2% in the quarter, and combined, the non-home care business grew only 6.7% for the full year versus 16.3% in home care, meaning nearly all of Electromed's growth is coming from one channel. SG&A expenses rose 8.7% to $42.7 million for the year, driven mainly by higher sales, marketing, and reimbursement compensation, and accounts receivable climbed to $29.8 million from $24.7 million as the business scaled up.

#quarter #Growth #electromed #hospital

Shell has agreed to take full control of U.S. convenience store operator and fuel distributor Tri Star Energy, in a transaction that will more than double the energy major's company-owned convenience retail footprint in the United States.
Equilon Enterprises, which operates as Shell Oil Products US, will increase its ownership of Nashville-based Tri Star from 33% to 100%. The acquisition includes 320 fuel and convenience retail sites in Tennessee and surrounding states, along with fuel-supply agreements covering another 552 dealer-owned locations. Financial terms were not disclosed.
Shell is acquiring the remaining interest from The Parman Corporation, Kimbro Oil Company and their subsidiaries. The deal is expected to close by the end of 2026, subject to regulatory approval and customary closing conditions.
The transaction represents a substantial expansion of Shell's directly controlled retail operations. While Shell already has around 12,000 branded fuel and convenience sites across 49 U.S. states, the vast majority are operated by wholesalers or dealers rather than owned directly by the company. Shell says its U.S. network serves more than 7 million customers per day.
Following completion, Tri Star will be operated by Texas Petroleum Group, a wholly owned unit of Shell Mobility & Convenience US. Shell expects the combined business to have nearly 550 company-owned convenience retail locations and supply agreements with around 650 dealer-owned sites across the southern United States.
Tri Star, founded in 2000, operates convenience-store brands including Twice Daily, Sudden Service and Little General and also owns the White Bison Coffee brand. Its wholesale fuel operation reaches multiple states, giving Shell additional exposure to both fuel distribution and higher-margin convenience and food-and-beverage sales.

#shell #convenience #retail

It could only have come from the heart of the Massa. And so it was, amid the Street of Fire created by the supporters, that Galo's new third kit came to life last Tuesday (1st). Tattoo artist Thiago Scap and supporter Lucas Gusmão wore the kit for the first time among the Atlético fans who guided the Club bus's arrival at Arena MRV. Inside the stadium, rapper Djonga was also one of the first to wear the new shirt, straight from the stands. Now, Nike and Atlético officially present all the details of the new kit for the season. Inspired by one of the most striking traditions of Atlético supporters, the new shirt celebrates the 'Street of Fire,' the blazing human corridor of flares, pyrotechnics, and chants created by the Massa to welcome the team bus before major matches.
FROM THE FIRE OF THE STREETS TO THE OFFICIAL SHIRT
Born in the narrow streets around Horto, consecrated at Mineirão, and perpetuated at Arena MRV, the Street of Fire is the ultimate moment when the Atleticano's unshakable belief becomes unconditional support. It is the ritual in which the first goal starts being scored outside the stadium, building an unbreakable bond between supporters and players.
The new third shirt translates that energy burning in the streets and in the hearts of Atleticanos into high-performance design. The same flame that guides the bus's arrival now dresses the team on the pitch.
"The Street of Fire represents the connection between Atlético and the Massa: the ability to turn passion into strength for the team. The third shirt carries that flame beyond the streets and beyond matchdays, as a permanent symbol of the energy the supporters bring into the stadium," says Renato Aguiar, marketing director at Fisia, Nike's official distributor in Brazil.

#massa #tico #Third #first

A fuel supplier is suing a New Jersey distributor and its president, alleging they failed to pay for gasoline that was later sold through stations in the Trump-promoted Freedom Fuel Network.
Mansfield Oil Company filed the lawsuit against KRSM Inc. and its president, Syed Kazmi, on Aug. 19 in the U.S. District Court for the Eastern District of Pennsylvania. Mansfield alleges KRSM obtained approximately 150 loads of fuel from its account at the Twin Oaks terminal in Pennsylvania between May 21 and July 7, totaling roughly 1,124,594 gallons worth $3,998,868.46.
"KRSM sold a portion of such fuel to its stations that are part of the Freedom Fuel Network," Mansfield alleges in the complaint. The company further claims KRSM was able to sell some of the fuel at low prices because it had not paid Mansfield for it. Those allegations have not been adjudicated.
KRSM had been a Mansfield customer since 2022. A commercial credit application included with the complaint and signed by Kazmi states that if Mansfield extended credit and KRSM purchased fuel, KRSM would be responsible for paying for it. The agreement called for payment by electronic funds transfer within 10 days of receiving an invoice.
Venezuela Says Trump's Historic Oil Deal Targets 1.5M Barrels Per Day, Could Generate $200B

#mansfield

MD Sass, a boutique ****** et management firm, published its second-quarter investor update for its flagship, the "MD Sass Concentrated Value Strategy." The letter can be downloaded here. In the first half of 2026, AI infrastructure stocks led the market, with the Russell 1000 Value increasing by 16.3%, outpacing the S&P 500 (10.2%) and Russell 1000 Growth (5.3%). This growth was fueled by semiconductor, memory, and hardware companies benefiting from AI development, even though they are considered cyclical. These sectors, representing only 7.7% of the Russell 1000 Value at the start of the year, contributed nearly 70% of its returns. The portfolio gained 10.0% in the second quarter, net of fees, compared to 13.9% for the Russell 1000 Value Index. Year-to-date, the strategy returned 6.6%, net of fees, versus 16.3% for the Index. The portfolio faced challenges due to limited exposure to companies with the greatest upside from AI infrastructure investments. It also lacked exposure to the Energy sector, which returned about 20% in the first half amid geopolitical tensions with Iran that increased commodity prices, affecting performance. The firm recognizes the importance of adapting its strategies while maintaining core investment principles as it explores future opportunities in emerging technological themes. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted TD SYNNEX Corporation (NYSE:SNX) as a new portfolio holding. TD SYNNEX Corporation (NYSE:SNX) is a leading distributor and solutions aggregator for the information technology (IT) ecosystem. On August 28, 2026, TD SYNNEX Corporation (NYSE:SNX) closed at $253.97 per share. Over the past month, TD SYNNEX Corporation (NYSE:SNX) returned -1.12%, while its shares have declined 69.50% in the last 52 weeks. TD SYNNEX Corporation (NYSE:SNX) has a market capitalization of $20.31 billion.
MD Sass Concentrated Value Strategy stated the following regarding TD SYNNEX Corporation (NYSE:SNX) in its Q2 2026 investor letter:
"During the quarter, we initiated a position in TD SYNNEX Corporation (NYSE:SNX), one of the world's largest IT distributors and a critical intermediary between technology vendors and more than 150,000 customers across over 100 countries. Its core Distribution business aggregates hardware, software, cloud products, and services while providing inventory, financing, configuration, and technical support to resellers and systems integrators. Distribution is a low-margin business, but scale matters, and SNX is increasingly benefiting as major vendors consolidate their channel relationships around a smaller number of global partners.
The crux of our thesis, however, is Hyve Solutions, a hidden growth engine that we believe the market continues to value as part of a traditional IT distributor. Hyve, a wholly owned subsidiary of SNX, designs, manufactures, integrates, and manages th

MD Sass, a boutique **** et management firm, published its second-quarter investor update for its flagship, the "MD Sass Concentrated Value Strategy." The letter can be downloaded here. In the first half of 2026, AI infrastructure stocks led the market, with the Russell 1000 Value increasing by 16.3%, outpacing the S&P 500 (10.2%) and Russell 1000 Growth (5.3%). This growth was fueled by semiconductor, memory, and hardware companies benefiting from AI development, even though they are considered cyclical. These sectors, representing only 7.7% of the Russell 1000 Value at the start of the year, contributed nearly 70% of its returns. The portfolio gained 10.0% in the second quarter, net of fees, compared to 13.9% for the Russell 1000 Value Index. Year-to-date, the strategy returned 6.6%, net of fees, versus 16.3% for the Index. The portfolio faced challenges due to limited exposure to companies with the greatest upside from AI infrastructure investments. It also lacked exposure to the Energy sector, which returned about 20% in the first half amid geopolitical tensions with Iran that increased commodity prices, affecting performance. The firm recognizes the importance of adapting its strategies while maintaining core investment principles as it explores future opportunities in emerging technological themes. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Henry Schein, Inc. (NASDAQ:HSIC) as a notable contributor. Henry Schein, Inc. (NASDAQ:HSIC) is a leading distributor of dental products and services. On August 28, 2026, Henry Schein, Inc. (NASDAQ:HSIC) closed at $89.52 per share. Over the past month, Henry Schein, Inc. (NASDAQ:HSIC) returned 3.48%, while its shares have gained 28.66% in the last 52 weeks. Henry Schein, Inc. (NASDAQ:HSIC) has a market capitalization of $9.98 billion, and its stock has traded within a 52-week range of $61.95 to $92.18.
MD Sass Concentrated Value Strategy stated the following regarding Henry Schein, Inc. (NASDAQ:HSIC) in its Q2 2026 investor letter:
"Henry Schein, Inc. (NASDAQ:HSIC), the world's largest provider of healthcare solutions to office-based dental and medical professionals, appreciated 13% in Q2. Strong earnings results and a positive outlook for the balance of the year created a very favorable setup for the company to exceed its full year guidance. We believe that significant cost reductions, combined with accelerating revenue growth, should lead to material positive earnings revisions as we move into Q4 and 2027. We met with HSIC's new CEO, Fred Lowery, and believe his track record, extensive distribution experience, and "outsider" mentality should translate into improved efficiencies and margins, a more profitable product mix, and market share gains. Our estimates remain well above consensus over the next several years, and we believe the stock remains attractively valued on both an abso

Brennan ***** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan ***** et Management highlighted Garrett Motion Inc. (NASDAQ:GTX). Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On August 28, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -12.70%, and its shares gained 105.66% over the past 52 weeks. Garrett Motion Inc. (NASDAQ:GTX) has a market capitalization of $4.97 billion.
Brennan ***** et Management stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"TIGO and Garrett Motion Inc. (NASDAQ:GTX) operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)

#asset

On August 28, Miniso Group Holding Limited (NYSE:MNSO) held its interim earnings call, and the numbers told two very different stories under one roof. In China, the company posted its fastest first-half growth in three years, built on a membership base that just crossed 130 million people. Overseas, the picture looked rougher, with profit contribution shrinking to a fraction of what it was three years earlier. Investors now have to weigh a booming home market against a global expansion still finding its footing.
Miniso's China business grew revenue 26.2% in the first half of 2026, a pace management called its fastest in three years and one that dwarfed the 1.3% growth in the country's broader retail sales over the same stretch. That gap matters because it points to market share gains rather than a rising tide lifting all boats. Behind the growth sits a membership program that reached 130 million people in China as of June 30, up 31% year over year and an all-time high. Members are no longer a side benefit either. Their spending accounted for 77% of total China sales in the first half, up sharply from 60% a year earlier, giving the company a more predictable base of demand to build on.
The company's push into proprietary intellectual property adds another layer to that story. Its YOYO brand, launched just over a year ago, has expanded into 53 countries and generated close to RMB 500 million in revenue during the first half, including a collaboration tied to Disney's Toy Story 5. MINISO said it hit its company-wide target of RMB 1 billion in proprietary IP sales by the end of July, weeks ahead of the original year-end schedule. The payoff shows up in loyalty too. Members acquired in 2025 through IP products were retained at a rate 80% higher than non-IP members in the first half of 2026, and they purchased twice as often. TOP TOY, the company's separate collectibles brand, grew revenue 32.7% over the same period, adding another growth lever beyond the core Miniso banner.
The costs of that expansion are showing up on the bottom line. Adjusted operating profit fell 6% year over year to RMB 1.49 billion in the first half, a decline management tied to a structural shift toward directly operated stores and away from higher-margin distributor revenue. Selling expenses climbed to 25.8% of revenue from 23.1% a year earlier, driven largely by higher rent and depreciation tied to those company-run locations. Adjusted net profit, excluding foreign exchange effects, slipped 1.7% to RMB 1.22 billion even as the top line grew by double digits.

#year #members

On August 14, RLX Technology (NYSE:RLX) reported second-quarter results that told two different stories at once. International sales climbed to roughly 70% of revenue as the company absorbed a new European distribution partner, even as trade normalization back home pulled growth down from where the year started. RLX is no longer just an e-vapor device maker. It is trying to become a diversified, direct-to-retail nicotine platform before its home market tightens further.
Net revenues reached RMB1.01 billion in the second quarter, up 14.8% year over year, powered by international volume growth and the contribution of a company RLX acquired in May 2025. Gross margin expanded to 35.4% from 27.5% a year earlier, a jump management credited to supply chain optimization and a better mix of products and geographies. Non-GAAP income from operations rose 28.8% to RMB149.6 million, marking the 11th straight quarter of positive non-GAAP operating profit.
In July 2026, RLX took a 51% controlling stake in a Western European distributor that reaches 30,000 retail endpoints and runs a digital ordering platform connecting 20,000 independent merchants, a deal management framed as the next step in building direct retail relationships rather than depending on layers of wholesalers. CEO Kate ****** argued that as vaping hardware becomes commoditized, "competition is shifting from pure product development to route-to-market execution."
The company is also leaning into modern oral nicotine pouches as a new growth line and is building a manufacturing hub in Southeast Asia to produce them at scale, all while sitting on RMB13.9 billion in total capital resources as of June 30, 2026.
The same quarter that produced margin expansion also produced warning signs closer to home. Mainland China revenue is now expected to be roughly flat for the full year, and Sam Tsang, the company's head of capital markets, said the "procedural time line for government approval has become more conservative" as domestic enforcement tightens. Revenue and margins both moderated sequentially from the first quarter, which had been inflated by a shipment pull-forward tied to regulatory export changes, and management flagged that the elevated 35.4% margin should settle into a lower range going forward.

#revenue #retail

Greenlight Capital is an investment management firm specializing in value-oriented strategies. The letter can be downloaded here. Greenlight Capital released its second-quarter 2026 investor letter, reporting a 4.3% decline for the Partnerships and a 1.9% year-to-date gain, net of fees and expenses, compared with gains of 15.2% and 10.2% for the S&P 500 Index. The funds entered the quarter conservatively, but costly trading decisions and macro positions, particularly in gold and U.S. interest rates, weighed on results. Long positions contributed roughly 9%, offset by similar losses from shorts. The letter also highlighted concerns over speculative market conditions, using ******* eX's $1.75 trillion IPO valuation and investment-grade rating as examples of excess. Looking ahead, Greenlight is more constructive on Fed Chairman Kevin Warsh's inflation stance and expects positions to recover if inflation moderates and rates remain unchanged. Additionally, reviewing the Strategy's top holdings could help identify its best ideas for 2026.
In its second-quarter 2026 investor letter, Greenlight Capital highlighted Versigent PLC (NYSE:VGNT). Versigent PLC (NYSE:VGNT) is an automotive wire harnesses distributor that designs, manufactures, and distributes low- and high-voltage power electrical architectures. On August 26, 2026, Versigent PLC (NYSE:VGNT) closed at $47.36 per share. Over the past month, Versigent PLC (NYSE:VGNT) returned 15.35%, and its shares have gained 9.07% over the past 3 months. Versigent PLC (NYSE:VGNT) has a market capitalization of $3.49 billion, and its stock has traded within a 52-week range of $26.34 to $50.89.
Greenlight Capital stated the following regarding Versigent PLC (NYSE:VGNT) in its Q2 2026 investor letter:
"Versigent PLC (NYSE:VGNT) is a leading supplier of automotive wire harnesses that recently spun out of Aptiv (APTV). Although the business was viewed as a lower-growth, lower-margin part of APTV's portfolio, we believe VGNT is a high-quality supplier. Its business should benefit from the shift toward hybrid and battery-electric vehicles, which require significantly more of the company's products than internal combustion engine (ICE) vehicles. VGNT also has a durable customer base, as its products are deeply embedded in customers' platform design and engineering. Post-spin, management has opportunities to improve margins through automation while further diversifying the business in commercial vehicles and non-automotive applications. By the end of 2028, VGNT is targeting $1 billion of ******* ulative free cash flow, or approximately one-third of its current market capitalization, with the majority expected to be returned to shareholders through buybacks. We acquired our shares at an average price of $29.20, or approximately 4x this year's expected earnings. VGNT ended the quarter at $42.01."

#quarter #market

Stock Spirits Group has secured a listing in the UK for some of its Sierra RTD Tequila ******* tails with local big-box retailer Morrisons.
The group sold its lime and strawberry-flavoured Tequila RTDs in UK Lidl stores last year for a limited period.
"Morrisons is our first full listing for the RTDs", Rob Curteis, managing director of Stock Spirits' UK distributor The Drinks Company, told Just Drinks.
The group's 6% abv Sierra Grapefruit Paloma and Lime Margarita RTDs will be available at 460 Morrisons supermarkets from 7 September, a statement from the Sierra brand said.
The 250ml ******* tail cans will be sold with an RRP of £2.60 ($3.54) per can. The drinks will also be part of the retailer's "multi-buy" deal of four drinks for £6.00 and five for £7.00.

#sierra #group #lime #listing

Orbis Investment Management, an investment management company, released its Q2 2026 investor letter for "Orbis Global Equity Strategy". The letter can be downloaded here. In the first half of 2026, the Global Equity Strategy returned 19.9%, surpassing the MSCI All Country World Index by 7.8%. The market faced narrow breadth in the quarter. The strategy focuses on AI investments categorized into four groups: "Core" (direct exposure), "Enablers" (supporting businesses), "AI Powered" (companies enhanced by AI), and "Overlooked" (misjudged resilient companies). The firm emphasizes maintaining strong but flexible convictions in a fluctuating market, prioritizing disciplined, evidence-based investment over emotional decision-making. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, Orbis Global Equity Strategy highlighted QXO, Inc. (NYSE:QXO). QXO, Inc. (NYSE:QXO) is a leading US-based roofing, waterproofing, and complementary building products distributor. On August 24, 2026, QXO, Inc. (NYSE:QXO) closed at $13.41 per share, reflecting a market capitalization of $13.91 billion. QXO, Inc. (NYSE:QXO) posted a one-month return of -5.89%, while its shares lost 35.93% over the past 52 weeks.
Orbis Global Equity Strategy stated the following regarding QXO, Inc. (NYSE:QXO) in its Q2 2026 investor letter:
"We think about AI through the same lens. Most early corporate AI adoption is a motor swap: existing workflows, existing structures, existing ***** umptions, with AI bolted on. The companies that compound the most value are those willing to redesign the floor. This is a question I ask of every management team I invest behind. QXO, Inc. (NYSE:QXO) is doing exactly that. As it consolidates the prosaic, low-tech business of building products distribution, it is rebuilding the operating model itself, from pricing and procurement to inventory and branch data, rather than bolting technology onto the old way of working."
QXO, Inc. (NYSE:QXO) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 83 hedge fund portfolios held QXO, Inc. (NYSE:QXO) at the end of the second quarter, up from 65 in the previous quarter. While we acknowledge the potential of QXO, Inc. (NYSE:QXO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#strategy

Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted W.W. Grainger, Inc. (NYSE:GWW). W.W. Grainger, Inc. (NYSE:GWW) is leading supplier of maintenance, repair, and operating products and services, serving customers across industries. On August 21, 2026, W.W. Grainger, Inc. (NYSE:GWW) closed at $1,312.24 per share, reflecting a market capitalization of $61.81 billion. W.W. Grainger, Inc. (NYSE:GWW) posted a one‑month return of -6.20%, while its shares gained 29.48% over the past 52 weeks.
Aoris Investment Management stated the following regarding W.W. Grainger, Inc. (NYSE:GWW) in its Q2 2026 investor letter:
"W.W. Grainger, Inc. (NYSE:GWW) is a leading distributor of maintenance, repair and operating (MRO) supplies in North America and ******* an. Around 80% of its revenue comes from high-touch service for large and complex organisations, while the remainder comes from an online-only offering for smaller purchases.
Grainger is using AI to improve the search functionality and depth of product information on its e-commerce platform, helping customers find the right part faster and with more certainty. Internally it's using AI to improve the speed and resolution of customer service queries and the effectiveness of its salespeople.…" (Click here to read the full text)

#NYSE #aoris #letter #management

Aug 22 (Reuters) - Paramount and California state officials are set to meet on Monday to ‌discuss a potential settlement path of the ‌state's lawsuit aimed at stopping Paramount's acquisition of Warner Bros. Discovery, the New York Times reported on Saturday citing sources familiar with the discussions. Here's what to know:
• The talks are preliminary, and there is no ‌assurance that they ⁠will lead to meaningful negotiations toward a settlement, the report said, adding that ⁠Paramount requested the meeting.
• Reuters couldn't immediately verify the report. Paramount didn't immediately respond to a request for comment outside regular business hours.
• The meeting, which will ‌include senior executives and lawyers from each side, has been in the works for a little over a week, NYT added, citing one of the people.
• Last month, California and 11 states sued ‌to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and ‌cable television, harming theaters and pay TV distributors.

#reuters #report

Aug 22 (Reuters) - Paramount and California state officials are set to meet on Monday to ‌discuss a potential settlement path of the ‌state's lawsuit aimed at stopping Paramount's acquisition of Warner Bros. Discovery, the New York Times reported on Saturday citing sources familiar with the discussions. Here's what to know:
• The talks are preliminary, and there is no ‌assurance that they ⁠will lead to meaningful negotiations toward a settlement, the report said, adding that ⁠Paramount requested the meeting.
• Reuters couldn't immediately verify the report. Paramount didn't immediately respond to a request for comment outside regular business hours.
• The meeting, which will ‌include senior executives and lawyers from each side, has been in the works for a little over a week, NYT added, citing one of the people.
• Last month, California and 11 states sued ‌to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and ‌cable television, harming theaters and pay TV distributors.

#california #bros #discovery #citing

On August 13, Applied Industrial Technologies (NYSE:AIT) held its fiscal fourth-quarter earnings call, and the numbers surprised even the company's own leadership. Organic sales grew 9.7%, the fastest pace in more than three years and a sharp jump from the 6% growth reported just one quarter earlier. For a distributor whose fortunes track the health of American manufacturing, that kind of acceleration is not a small thing, and it set up a call that ended with management raising its long-term ambitions rather than just its short-term guidance.
The breadth of the improvement stood out as much as the headline number. Twenty of the company's top 30 end markets posted positive year-over-year sales growth in the quarter, up from 17 last quarter and just 15 a year earlier, with metals, technology, utilities and energy, machinery, rubber and plastics, and pulp and paper leading the way. Automation sales jumped more than 20% year-over-year, the strongest growth in over four years, as customers lean into robotics, machine vision, and what management called physical AI.
The technology vertical now makes up more than 15% of the Engineered Solutions segment, with semiconductor demand and data center buildouts both contributing. The Service Center segment grew organic sales 8%, up from 4% last quarter, with 27 of 30 verticals positive. That segment has averaged 8% organic sales growth and 13% EBITDA growth over the past five years, a track record management pointed to as evidence the business is more durable than investors might ***** ume. All of that flowed through to the bottom line. EBITDA margin expanded more than 60 basis points to above 13%, EBITDA grew 16%, and SG&A expense fell to 18.6% of sales. The company generated $461 million in free cash flow for the year, returned $317 million to shareholders through buybacks, raised its dividend 11%, and used the momentum to lift its five-year targets, pushing the sales objective to $7 billion from $5.5 billion and the EBITDA margin goal to 14% from 13%.
The guidance Applied issued for fiscal 2027 tells a more cautious story than the quarter it just posted. Full-year sales growth guidance sits at just 4% to 6.5%, well below the 9.7% just delivered, with management citing tougher comparisons in the back half of the year and limited visibility into how trade policy and geopolitical dynamics evolve. Inside Engineered Solutions, flow control sales growth was muted in the quarter, weighed down by a difficult prior-year comparison and softer MRO activity across process end markets like chemicals and refining, both of which also declined outright for the year alongside lumber and wood and transportation.

#ebitda #management #organic #years

Layoffs and facility closures are mounting across U.S. freight, distribution and manufacturing networks, with more than 7,000 jobs affected by recently announced workforce reductions involving companies ranging from Tyson Foods and FedEx to Ryder, CJ Logistics America and Daimler Truck.
The largest reduction comes from Tyson Foods, which is reportedly eliminating more than 3,000 jobs as it closes facilities in Joslin, Illinois, and Eagle Mountain, Utah. The food giant said it is shifting beef operations toward Nebraska, Kansas and Texas amid what it described as a historic cattle shortage.
Wholesale distributor Essendant also warned of sweeping cuts affecting more than 1,200 employees across six states as the company attempts to secure additional capital or find a buyer.
WARN notices show approximately 644 jobs affected in Illinois, 192 in Georgia, 150 in Pennsylvania, 136 in Texas, 103 in California and 53 in Arizona. The reductions are scheduled to begin Oct. 3. The company has warned that it could cease operations and liquidate if financing or a sale cannot be secured.
The announcements are part of a broader wave of restructuring hitting transportation, warehousing, fulfillment and manufacturing operations.

#Jobs #operations

The latest Consumer Price Index showed prices 3.4% higher in July than a year ago, well above the Federal Reserve's 2% target. Energy prices jumped 14.7%, electricity rose 4.2%, and food increased 3%. Producer prices, meanwhile, remained 4.7% higher than a year ago.
The Congressional Budget Office has specifically concluded that the Trump administration's policies have contributed to current inflationary pressure. Indeed, changes to trade, tax, spending, and immigration policy have all affected prices, demand, and labor supply. But this isn't about why inflation is getting worse. It's about how to position your portfolio to actually benefit from "Trumpflation."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
There are several ways to build and protect your wealth during inflationary times: bonds, gold, and energy stocks. Here, I want to share with you two specific stocks that are actually positioned to benefit if prices continue to rise: pharmaceutical distributors McKesson (NYSE: MCK) and Cencora (NYSE: COR).
McKesson isn't a pharmaceutical manufacturer. It's responsible for moving enormous quantities of drugs from manufacturers to pharmacies, hospitals, and healthcare providers.

#prices #flashing

Layoffs and facility closures are mounting across U.S. freight, distribution and manufacturing networks, with more than 7,000 jobs affected by recently announced workforce reductions involving companies ranging from Tyson Foods and FedEx to Ryder, CJ Logistics America and Daimler Truck.
The largest reduction comes from Tyson Foods, which is reportedly eliminating more than 3,000 jobs as it closes facilities in Joslin, Illinois, and Eagle Mountain, Utah. The food giant said it is shifting beef operations toward Nebraska, Kansas and Texas amid what it described as a historic cattle shortage.
Wholesale distributor Essendant also warned of sweeping cuts affecting more than 1,200 employees across six states as the company attempts to secure additional capital or find a buyer.
WARN notices show approximately 644 jobs affected in Illinois, 192 in Georgia, 150 in Pennsylvania, 136 in Texas, 103 in California and 53 in Arizona. The reductions are scheduled to begin Oct. 3. The company has warned that it could cease operations and liquidate if financing or a sale cannot be secured.
The announcements are part of a broader wave of restructuring hitting transportation, warehousing, fulfillment and manufacturing operations.

#affected