8 days ago
SEOUL, Sept 20 (Reuters) - North Korea launched two missiles off its eastern coast on Sunday, its second set of tests in roughly a week and days after Pyongyang accused the US of driving tensions on the Korean Peninsula through a series of military drills.
Just three hours after launching a short-range ballistic missile (SRBM) toward the East Sea on Sunday afternoon, North Korea fired another short-range ballistic missile, according to South Korea's defence ministry.
If the subsequent launch is confirmed to be a ballistic missile, it will mark two consecutive ballistic missile tests by North Korea within a three-hour window.
South Korea's Joint Chiefs of Staff said it detected the first test firing from the Wonsan area around 3 p.m. (0600 GMT), identifying the weapon as a ballistic missile. ***** an's defence ministry also said it appeared to be a ballistic missile.
Japanese public broadcaster NHK said the projectile had come down outside ***** an's exclusive economic zone.
#sunday
Just three hours after launching a short-range ballistic missile (SRBM) toward the East Sea on Sunday afternoon, North Korea fired another short-range ballistic missile, according to South Korea's defence ministry.
If the subsequent launch is confirmed to be a ballistic missile, it will mark two consecutive ballistic missile tests by North Korea within a three-hour window.
South Korea's Joint Chiefs of Staff said it detected the first test firing from the Wonsan area around 3 p.m. (0600 GMT), identifying the weapon as a ballistic missile. ***** an's defence ministry also said it appeared to be a ballistic missile.
Japanese public broadcaster NHK said the projectile had come down outside ***** an's exclusive economic zone.
#sunday
9 days ago
Elon Musk's ***** eX has been talking, internally, about buying the leftover customer files of startups that already went under. Not licensing data from companies that are still operating and can say no. Buying the digital estate of companies that no longer exist to say anything at all.
The discussions are happening inside ***** eXAI, the artificial intelligence division born in February when ***** eX merged with xAI. People familiar with the talks told Bloomberg they're informal and might go nowhere. But the idea makes sense from the perspective of an AI lab racing for the frontier.
The goal is basically cheap fuel for Grok. AI models learn from training data—the text, code, and records an algorithm studies to get better at predicting what comes next—and the good stuff, real business records instead of scraped web pages, is getting expensive. A dead company's file cabinet is apparently a bargain by comparison.
Google already did the same. The search giant paid $10 million in a bankruptcy auction for the internal records of Spirit Airlines, the discount carrier that shut down for good this year. They got around 100 million emails, 500 million Microsoft Teams messages, decades of employee files, all headed into an AI training pipeline.
That data belonged to real employees who signed up for a job, not an AI experiment. A flight attendants' union objected in bankruptcy court, arguing that scrubbing names off records—what companies call "de-identifying" data—doesn't stop someone from piecing together who said what in a decade of internal chats. The court fight is still ongoing.
#million #buying #still #training
The discussions are happening inside ***** eXAI, the artificial intelligence division born in February when ***** eX merged with xAI. People familiar with the talks told Bloomberg they're informal and might go nowhere. But the idea makes sense from the perspective of an AI lab racing for the frontier.
The goal is basically cheap fuel for Grok. AI models learn from training data—the text, code, and records an algorithm studies to get better at predicting what comes next—and the good stuff, real business records instead of scraped web pages, is getting expensive. A dead company's file cabinet is apparently a bargain by comparison.
Google already did the same. The search giant paid $10 million in a bankruptcy auction for the internal records of Spirit Airlines, the discount carrier that shut down for good this year. They got around 100 million emails, 500 million Microsoft Teams messages, decades of employee files, all headed into an AI training pipeline.
That data belonged to real employees who signed up for a job, not an AI experiment. A flight attendants' union objected in bankruptcy court, arguing that scrubbing names off records—what companies call "de-identifying" data—doesn't stop someone from piecing together who said what in a decade of internal chats. The court fight is still ongoing.
#million #buying #still #training
11 days 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
11 days 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
11 days 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
11 days 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
12 days 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
12 days 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
12 days 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
12 days 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
14 days ago
Philippine authorities said it could take weeks or months to identify victims of a ferry fire that killed 76 people last week.
"Most of them are already in a charred condition," Richard Allan Mangalip, a forensic specialist from the Philippine National Police, told reporters on Sunday. Family members have been asked to help identify victims with personal items or DNA samples.
The MV June Aster was heading from Manila to Coron in Palawan province, a popular holiday destination, when a fire started in its cargo hold and spread rapidly throughout the vessel.
Forty-three people survived the disaster, while 13 people remain unaccounted for, authorities said.
Mangalip said they were "trying [their] best to collect the possible identifying marks" from victims' remains.
#mangalip #authorities #national
"Most of them are already in a charred condition," Richard Allan Mangalip, a forensic specialist from the Philippine National Police, told reporters on Sunday. Family members have been asked to help identify victims with personal items or DNA samples.
The MV June Aster was heading from Manila to Coron in Palawan province, a popular holiday destination, when a fire started in its cargo hold and spread rapidly throughout the vessel.
Forty-three people survived the disaster, while 13 people remain unaccounted for, authorities said.
Mangalip said they were "trying [their] best to collect the possible identifying marks" from victims' remains.
#mangalip #authorities #national
14 days ago
A month after the death of Hayden Panettiere, the investigation into how the "Heroes" and "Nashville" actress died now reportedly spans two coasts.
Panettiere died Aug. 16 at an apartment complex in Greenville, South Carolina, police confirmed to USA TODAY, while a 911 call obtained by Reuters, TMZ and other outlets revealed the "Scream" franchise actress was in cardiac arrest after a possible overdose. Days after her death, the Drug Enforcement Adminstration joined the investigation.
Now, investigators in both Los Angeles and South Carolina are focused on identifying what drugs may have contributed to her death and where those drugs came from, according to ABC News, citing unnamed sources.
#panettiere #south #actress #drugs
Panettiere died Aug. 16 at an apartment complex in Greenville, South Carolina, police confirmed to USA TODAY, while a 911 call obtained by Reuters, TMZ and other outlets revealed the "Scream" franchise actress was in cardiac arrest after a possible overdose. Days after her death, the Drug Enforcement Adminstration joined the investigation.
Now, investigators in both Los Angeles and South Carolina are focused on identifying what drugs may have contributed to her death and where those drugs came from, according to ABC News, citing unnamed sources.
#panettiere #south #actress #drugs
14 days ago
September 14, 2010: Security workers reportedly stop Apple CEO Steve Jobs at **** an's Kansai International Airport. The reason? Jobs supposedly tried to bring ninja throwing stars onto his private plane while heading home from vacation. The "Steve Jobs ninja stars" story quickly becomes one of the most bizarre Apple stories ever.
The company, however, quickly spoils the internet's fun. Cupertino issues a statement describing the reports as "pure fiction" (although Apple acknowledges that Jobs visited **** an over the summer).
Few Steve Jobs stories sound more perfectly tailored to his larger-than-life persona than the tale of him being stopped at a **** anese airport with ninja throwing stars in his luggage. The problem: Apple said it never happened. Still, the story endured — perhaps because a notoriously intense, famously unconventional CEO carrying ninja weapons just feels like the kind of thing people want to believe.
Both Bloomberg and **** anese tabloid magazine Spa! covered the story prominently. Authorities stopped Jobs during a security scan at Kansai International Airport, the reports said, after detecting the ninja weapons in his carry-on luggage.
The stories cited unidentified airport officials and sources within **** an's transportation ministry. An airport spokesperson confirmed that the incident took place, but stopped short of identifying the individual involved.
#stars
The company, however, quickly spoils the internet's fun. Cupertino issues a statement describing the reports as "pure fiction" (although Apple acknowledges that Jobs visited **** an over the summer).
Few Steve Jobs stories sound more perfectly tailored to his larger-than-life persona than the tale of him being stopped at a **** anese airport with ninja throwing stars in his luggage. The problem: Apple said it never happened. Still, the story endured — perhaps because a notoriously intense, famously unconventional CEO carrying ninja weapons just feels like the kind of thing people want to believe.
Both Bloomberg and **** anese tabloid magazine Spa! covered the story prominently. Authorities stopped Jobs during a security scan at Kansai International Airport, the reports said, after detecting the ninja weapons in his carry-on luggage.
The stories cited unidentified airport officials and sources within **** an's transportation ministry. An airport spokesperson confirmed that the incident took place, but stopped short of identifying the individual involved.
#stars
16 days ago
R&B singer Bilal is facing allegations from Jamila Raegan, the mother of his adult son Bashir, who claims the artist has left her to handle their son's care alone. In an emotional Instagram post, Raegan also accused Bilal, whose full name is Bilal Oliver, of abuse and said she had protected him for more than half her life. "I'm not okay because I've spent over half of my life protecting an abuser," she wrote before identifying the singer by name.
Raegan said Bashir has multiple disabilities, including autism and bipolar disorder, and claimed Bilal has shown "complete disregard" while she manages their son's needs. "I am caring for him alone while his father continues to live his life," she wrote.
Raegan did not detail what **** istance she believes Bilal has withheld or provide specific information about her abuse allegation in the post.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
Bashir is a frequent presence on Raegan's Instagram page, where she has shared photos, videos, and personal updates about their life together over the years. In her latest message, she credited relatives, friends, and members of her community with helping support her.
#bilal #Instagram #shop
Raegan said Bashir has multiple disabilities, including autism and bipolar disorder, and claimed Bilal has shown "complete disregard" while she manages their son's needs. "I am caring for him alone while his father continues to live his life," she wrote.
Raegan did not detail what **** istance she believes Bilal has withheld or provide specific information about her abuse allegation in the post.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
Bashir is a frequent presence on Raegan's Instagram page, where she has shared photos, videos, and personal updates about their life together over the years. In her latest message, she credited relatives, friends, and members of her community with helping support her.
#bilal #Instagram #shop
17 days ago
Bayern Munich and SSV Ulm 1846 are continuing their partnership focused on developing the next generation of footballers.
The two clubs have extended their cooperation agreement for another year, meaning the partnership will now run through June 2027 per iMiaSanMia. Bayern Munich and Ulm have been working together in youth development since the beginning of 2021, with both clubs aiming to create better opportunities and pathways for young players.
The extension is another indication of Bayern Munich's continued focus on building relationships with clubs that can contribute to the development of young talent.
For SSV Ulm 1846, working alongside one of Germany's biggest clubs provides an opportunity to benefit from Bayern Munich's experience and expertise in youth football. For Bayern Munich, partnerships such as this can help strengthen its scouting and development network while identifying players with the potential to progress further.
The relationship has now lasted more than five years, and both clubs clearly see value in continuing it.
#munich #continuing #partnership #Youth
The two clubs have extended their cooperation agreement for another year, meaning the partnership will now run through June 2027 per iMiaSanMia. Bayern Munich and Ulm have been working together in youth development since the beginning of 2021, with both clubs aiming to create better opportunities and pathways for young players.
The extension is another indication of Bayern Munich's continued focus on building relationships with clubs that can contribute to the development of young talent.
For SSV Ulm 1846, working alongside one of Germany's biggest clubs provides an opportunity to benefit from Bayern Munich's experience and expertise in youth football. For Bayern Munich, partnerships such as this can help strengthen its scouting and development network while identifying players with the potential to progress further.
The relationship has now lasted more than five years, and both clubs clearly see value in continuing it.
#munich #continuing #partnership #Youth
18 days ago
Hayden Panettiere's boyfriend, Brian Hickerson, has met with federal investigators as authorities continue looking into the circumstances surrounding the actress' death.
Hickerson, 37, has spoken with the DEA, according to a report TMZ published on Thursday, September 10, citing sources with direct knowledge of the investigation. Local and federal authorities are focusing on identifying the person who may have supplied Panettiere, 36, with substances that could have contributed to her death, with one source explaining that investigators are "zeroing in on a potential drug dealer."
No arrests have been made, and investigators are still awaiting toxicology results that could determine Panettiere's official cause of death, according to the outlet.
MEGA
The Nashville star was found unresponsive at a short-term rental in Greenville, South Carolina, on August 16. Despite efforts to revive her, Panettiere was ******* ounced dead. She left behind a daughter, Kaya, 11, whom she shared with ex-fiancé Wladimir Klitschko.
#panettiere #federal
Hickerson, 37, has spoken with the DEA, according to a report TMZ published on Thursday, September 10, citing sources with direct knowledge of the investigation. Local and federal authorities are focusing on identifying the person who may have supplied Panettiere, 36, with substances that could have contributed to her death, with one source explaining that investigators are "zeroing in on a potential drug dealer."
No arrests have been made, and investigators are still awaiting toxicology results that could determine Panettiere's official cause of death, according to the outlet.
MEGA
The Nashville star was found unresponsive at a short-term rental in Greenville, South Carolina, on August 16. Despite efforts to revive her, Panettiere was ******* ounced dead. She left behind a daughter, Kaya, 11, whom she shared with ex-fiancé Wladimir Klitschko.
#panettiere #federal
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18 days ago
In a Fox News exclusive interview, Democratic Senate candidate James Talarico came out in favor of banning gender surgery for minors and opposed transgender-identifying men competing in women's sports.
Talarico also backtracked on several of his more controversial claims, including saying there are six genders and that "God is nonbinary."
This comes as the Texas Senate race, which is surprisingly close according to recent Fox News polling, enters its final months. The race is considered critical to both parties' chances of securing a Senate majority. Talarico is facing Texas Attorney General Ken Paxton, a Republican who has faced controversies of his own. A Republican loss in Texas would significantly impact President Donald Trump's ability to implement his agenda.
Fox News spoke with Talarico at a food drive campaign event in Dallas on Tuesday. Talarico's event took place as the first-ever GOP midterm convention kicked off just miles away in downtown Dallas.
Talarico Campaigns With Surgeon Who Operated On Transgender Minors: 'Wolf In Sheep's Clothing'
#talarico #transgender #democratic
Talarico also backtracked on several of his more controversial claims, including saying there are six genders and that "God is nonbinary."
This comes as the Texas Senate race, which is surprisingly close according to recent Fox News polling, enters its final months. The race is considered critical to both parties' chances of securing a Senate majority. Talarico is facing Texas Attorney General Ken Paxton, a Republican who has faced controversies of his own. A Republican loss in Texas would significantly impact President Donald Trump's ability to implement his agenda.
Fox News spoke with Talarico at a food drive campaign event in Dallas on Tuesday. Talarico's event took place as the first-ever GOP midterm convention kicked off just miles away in downtown Dallas.
Talarico Campaigns With Surgeon Who Operated On Transgender Minors: 'Wolf In Sheep's Clothing'
#talarico #transgender #democratic
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20 days ago
It is Week 1, and the last thing I want to do is incite panic among a group of fantasy football managers who have been waiting all offseason for this moment. We drafted these teams, talked ourselves into these players and have been waiting for real football to finally get here. The last thing you want to hear before setting your first lineup is somebody telling you to worry about one of the players you drafted.
Join or create a Yahoo Fantasy Football league for the 2026 NFL season
But think about it this way. There are some legitimate concerns heading into Week 1, and I would much rather know about those concerns now and set my expectations accordingly than find out when the games start. So these are panics, but they are loose panics. We are not burying anybody before the season starts. This is simply about identifying where there may be a little more risk than we anticipated when we drafted these players.
Let's start with Dak Prescott because this one caught my attention immediately. Tyler Smith is going to have surgery on his thumb and is expected to miss 4-6 weeks. Smith is one of the best guards in football, and Dallas is going to open the season against the Giants, Commanders, Ravens and Texans without arguably the best player on its offensive line.
Then, you look at the rest of that offensive line and there are reasons to be concerned. Terence Steele allowed 52 pressures last season, which is not good, and now T.J. Bass is being asked to step into Smith's spot. Dallas has some difficult defensive fronts coming up early, so I understand why people may look at this situation and wonder whether Dak should be downgraded.
#players #week #thing
Join or create a Yahoo Fantasy Football league for the 2026 NFL season
But think about it this way. There are some legitimate concerns heading into Week 1, and I would much rather know about those concerns now and set my expectations accordingly than find out when the games start. So these are panics, but they are loose panics. We are not burying anybody before the season starts. This is simply about identifying where there may be a little more risk than we anticipated when we drafted these players.
Let's start with Dak Prescott because this one caught my attention immediately. Tyler Smith is going to have surgery on his thumb and is expected to miss 4-6 weeks. Smith is one of the best guards in football, and Dallas is going to open the season against the Giants, Commanders, Ravens and Texans without arguably the best player on its offensive line.
Then, you look at the rest of that offensive line and there are reasons to be concerned. Terence Steele allowed 52 pressures last season, which is not good, and now T.J. Bass is being asked to step into Smith's spot. Dallas has some difficult defensive fronts coming up early, so I understand why people may look at this situation and wonder whether Dak should be downgraded.
#players #week #thing
20 days ago
The Philadelphia Eagles are less than ten days away from opening up the 2026 regular season, and it wouldn't be shocking to see the defense far ahead of a revamped offensive unit. Vic Fangio's defense is among the NFL's best, and his personnel will change with the situation, making a traditional 11-player depth chart less useful than identifying his primary packages.
Jalen Carter, Jordan Davis, and Moro Ojomo should anchor the defensive line, with Ty Robinson and Byron Young rotating heavily enough to receive meaningful snaps. Carter will remain the interior pass-rush centerpiece, while Davis' conditioning should allow him to handle another substantial workload.
Nolan Smith is projected to start on one edge. Jonathan Greenard was acquired to start opposite him, but his uncertain Week 1 availability could push Jalyx Hunt into the opening lineup. Epenesa and Ebiketie provide experienced rotational depth. Zack Baun and Jihaad Campbell give the Eagles two linebackers capable of rushing, covering, and defending the run. Trotter should remain involved, particularly in packages that allow Campbell to move toward the line of scrimmage.
Riq Woolen and Quinyon Mitchell project as the outside cornerbacks, with Cooper DeJean operating from the slot. DeJean's versatility also allows Fangio to move him to safety and insert Carter into the nickel role. Mukuba and Epps are the projected starting safeties, but Philadelphia's actual secondary could contain six defensive backs on obvious passing downs.
The depth gives Fangio several options. The primary Week 1 question is whether Philadelphia can generate enough edge pressure if Greenard is unavailable.
#fangio
Jalen Carter, Jordan Davis, and Moro Ojomo should anchor the defensive line, with Ty Robinson and Byron Young rotating heavily enough to receive meaningful snaps. Carter will remain the interior pass-rush centerpiece, while Davis' conditioning should allow him to handle another substantial workload.
Nolan Smith is projected to start on one edge. Jonathan Greenard was acquired to start opposite him, but his uncertain Week 1 availability could push Jalyx Hunt into the opening lineup. Epenesa and Ebiketie provide experienced rotational depth. Zack Baun and Jihaad Campbell give the Eagles two linebackers capable of rushing, covering, and defending the run. Trotter should remain involved, particularly in packages that allow Campbell to move toward the line of scrimmage.
Riq Woolen and Quinyon Mitchell project as the outside cornerbacks, with Cooper DeJean operating from the slot. DeJean's versatility also allows Fangio to move him to safety and insert Carter into the nickel role. Mukuba and Epps are the projected starting safeties, but Philadelphia's actual secondary could contain six defensive backs on obvious passing downs.
The depth gives Fangio several options. The primary Week 1 question is whether Philadelphia can generate enough edge pressure if Greenard is unavailable.
#fangio
20 days ago
An exciting African star is ready to make his move to Liverpool.
The Reds are without a sporting director at the moment after Richard Hughes left the club. But it doesn't mean they are in disarray.
Behind him, Liverpool have a lot of experienced key decision makers when it comes to recruitment. Pedro Marques has done a brilliant job identifying young talent and bringing them to Anfield.
Meanwhile, Julian Ward and David Woodfine have been essential to the club's brilliant recruitment behind the scenes for many years now.
Liverpool may look to promote from within in order to fill Hughes' vacancy or they could look to bring in an external candidate.
#reds
The Reds are without a sporting director at the moment after Richard Hughes left the club. But it doesn't mean they are in disarray.
Behind him, Liverpool have a lot of experienced key decision makers when it comes to recruitment. Pedro Marques has done a brilliant job identifying young talent and bringing them to Anfield.
Meanwhile, Julian Ward and David Woodfine have been essential to the club's brilliant recruitment behind the scenes for many years now.
Liverpool may look to promote from within in order to fill Hughes' vacancy or they could look to bring in an external candidate.
#reds
22 days ago
The St. Louis Cardinals' nine-game road trip is off to a strong start. They took two of three from the Los Angeles Dodgers this past week, and followed that by winning two of three against the Colorado Rockies. It was an interesting week. The Cardinals lost a game in the ninth, won a game in the ninth, and, sandwiched between that, a home-plate umpire who seemingly thought he owned Coors Field. You never quite know what you may see when you go to the ballpark.
Following this 4-2 week, it is time once again to look at the Cardinals' standouts of the week.
Herrera seems to like hitting out West. In six games this week, the All-Star recorded 11 hits, hit two home runs, and drove in nine runs. Except for Wednesday's game, he recorded at least two hits. Furthermore, he drove in runs in seven of the nine games.
His biggest moment, however, came in the ninth inning on Friday. Trailing 6-4, with all the Doug Eddings' chaos happening just minutes before, Herrera hit a three-run home run to give the Cardinals a lead they would not relinquish. It was a chaotic night, and it certainly would have stung had the team failed to win. However, Herrera's blast reminded Cardinal Nation the most important thing about the 2026 Cardinals- they never stop fighting. Crooked ballcaps, pitch-clock violations, and an overzealous umpire were not enough to derail the team on Friday. It is a win many Cardinals fans will remember from this season, and Herrera provided the home run that made the difference—well deserving of a spot as one of the Cardinals' standouts.
What makes identifying the weekly Cardinals standouts interesting t is that we sometimes come across a player we did not expect to have such an impact. Saggese is one of those players this week.
#week #home #nine #standouts
Following this 4-2 week, it is time once again to look at the Cardinals' standouts of the week.
Herrera seems to like hitting out West. In six games this week, the All-Star recorded 11 hits, hit two home runs, and drove in nine runs. Except for Wednesday's game, he recorded at least two hits. Furthermore, he drove in runs in seven of the nine games.
His biggest moment, however, came in the ninth inning on Friday. Trailing 6-4, with all the Doug Eddings' chaos happening just minutes before, Herrera hit a three-run home run to give the Cardinals a lead they would not relinquish. It was a chaotic night, and it certainly would have stung had the team failed to win. However, Herrera's blast reminded Cardinal Nation the most important thing about the 2026 Cardinals- they never stop fighting. Crooked ballcaps, pitch-clock violations, and an overzealous umpire were not enough to derail the team on Friday. It is a win many Cardinals fans will remember from this season, and Herrera provided the home run that made the difference—well deserving of a spot as one of the Cardinals' standouts.
What makes identifying the weekly Cardinals standouts interesting t is that we sometimes come across a player we did not expect to have such an impact. Saggese is one of those players this week.
#week #home #nine #standouts
22 days ago
Is Seattle Seahawks defensive tackle Byron Murphy II the gold standard at his position in the NFL?
Murphy emerged as a breakout star last season after recording seven sacks on the year, up from the 0.5 that he recorded the year prior, and helping the Seahawks win the Super Bowl at the end of the season. Murphy may not have been named an All-Pro in 2025, but he is not far off from reaching a level that few other defensive tackles in the league are at in 2026.
Fox Sports' Bucky Brooks named Murphy to his All-22 preseason dream team for the 2026 season, identifying him as one of the top two DTs slated to excel in the league.
"Murphy's activity and aggression force interior defenders to pay close attention to his whereabouts, particularly on pivotal downs where the Seahawks are known to crank up the pressure," Brooks said. "As an emerging standout coming off a season with seven sacks and 13 quarterback hits, the 6-foot-0, 306-pounder is ready to take his game up a notch as an All-Pro-caliber defender at the line."
Murphy is a defensive tackle to watch yet again in 2026. Another huge year-over-year jump from last season to the present one from Murphy will not come as a shocker. Over 10 sacks registered and additional contributions across the stats sheet make him a player with the potential to be one of the two best defensive tackles in the league when the season is said and done.
#league #brooks #last
Murphy emerged as a breakout star last season after recording seven sacks on the year, up from the 0.5 that he recorded the year prior, and helping the Seahawks win the Super Bowl at the end of the season. Murphy may not have been named an All-Pro in 2025, but he is not far off from reaching a level that few other defensive tackles in the league are at in 2026.
Fox Sports' Bucky Brooks named Murphy to his All-22 preseason dream team for the 2026 season, identifying him as one of the top two DTs slated to excel in the league.
"Murphy's activity and aggression force interior defenders to pay close attention to his whereabouts, particularly on pivotal downs where the Seahawks are known to crank up the pressure," Brooks said. "As an emerging standout coming off a season with seven sacks and 13 quarterback hits, the 6-foot-0, 306-pounder is ready to take his game up a notch as an All-Pro-caliber defender at the line."
Murphy is a defensive tackle to watch yet again in 2026. Another huge year-over-year jump from last season to the present one from Murphy will not come as a shocker. Over 10 sacks registered and additional contributions across the stats sheet make him a player with the potential to be one of the two best defensive tackles in the league when the season is said and done.
#league #brooks #last
23 days ago
BUCHAREST, Romania (AP) — Thousands of young Orthodox Christians gathered in Romania's capital for a candlelit procession that illuminated a trail from the giant National Cathedral to Patriarchate Hill, a historic site considered sacred to Romanian Orthodoxy.
The Procession of Lights was part of a four-day program for the eighth edition of the International Meeting of Orthodox Youth in Bucharest. The annual gathering brings together 2,400 people aged 16 to 35, many from Romania and its diaspora and other Orthodox churches.
Pilgrims from dozens of countries carried candles and flags through Bucharest's streets as they made their way to Patriarchate Hill, home to the headquarters of the Romanian Patriarchate, and the Patriarchal Residence and Cathedral.
Romania is one of the most pious countries in the European Union, with around 85% of the population identifying as religious. The Romanian Orthodox Church is a powerful institution that plays a central role in many people's lives.
In his opening speech Tuesday, Patriarch Daniel said the gathering provides "a concrete opportunity to intensify the mission of young people in the life of the Church today" in what he described as a "rapidly secularizing society."
#cathedral
The Procession of Lights was part of a four-day program for the eighth edition of the International Meeting of Orthodox Youth in Bucharest. The annual gathering brings together 2,400 people aged 16 to 35, many from Romania and its diaspora and other Orthodox churches.
Pilgrims from dozens of countries carried candles and flags through Bucharest's streets as they made their way to Patriarchate Hill, home to the headquarters of the Romanian Patriarchate, and the Patriarchal Residence and Cathedral.
Romania is one of the most pious countries in the European Union, with around 85% of the population identifying as religious. The Romanian Orthodox Church is a powerful institution that plays a central role in many people's lives.
In his opening speech Tuesday, Patriarch Daniel said the gathering provides "a concrete opportunity to intensify the mission of young people in the life of the Church today" in what he described as a "rapidly secularizing society."
#cathedral
24 days ago
From identifying major life changes like a shopper's marriage or a recent pay ******* p, artificial intelligence is enabling marketers to learn more about consumers in a way that is almost too intimate.
A new report from Coresight Research offers a glimpse into how extensive data gathering has become for brands and retailers, and how the latest advancements in AI can further expand insights.
More from WWD
What If Behind Every Successful Fortune 500 Executive Is An AI 'Super Agent'?
Better Cotton, Avalo Bring AI-Assisted Breeding to Texas Farms
#every #fortune #agent
A new report from Coresight Research offers a glimpse into how extensive data gathering has become for brands and retailers, and how the latest advancements in AI can further expand insights.
More from WWD
What If Behind Every Successful Fortune 500 Executive Is An AI 'Super Agent'?
Better Cotton, Avalo Bring AI-Assisted Breeding to Texas Farms
#every #fortune #agent
24 days ago
Key Takeaways
Polymarket says it is strengthening its systems for identifying insider trading and other suspicious activity ahead of the US midterm elections.
Nearly $12 million has been traded on whether the CLARITY Act will become law in 2026, although traders currently give it only a 15% chance.
Rival Kalshi has permanently banned former congressman George Santos over trades linked to his own State of the Union attendance.
Polymarket has pledged to intensify its crackdown on insider trading and other market misconduct as millions of dollars flow into politically sensitive prediction markets.
#nearly #george #santos
Polymarket says it is strengthening its systems for identifying insider trading and other suspicious activity ahead of the US midterm elections.
Nearly $12 million has been traded on whether the CLARITY Act will become law in 2026, although traders currently give it only a 15% chance.
Rival Kalshi has permanently banned former congressman George Santos over trades linked to his own State of the Union attendance.
Polymarket has pledged to intensify its crackdown on insider trading and other market misconduct as millions of dollars flow into politically sensitive prediction markets.
#nearly #george #santos
26 days ago
Mumbai/New Delhi: The future of Rohit Sharma and the shape of India's ODI team for the next World Cup cycle are set to dominate discussions when the BCCI's top brass meets in Mumbai on Thursday for a wide-ranging performance review.
While recent defeats in Ireland, England and Sri Lanka will be ***** sed, board officials are understood to be more concerned about the lack of a clearly defined ODI roadmap at a time when preparations for the 2027 World Cup should be taking shape.
BCCI secretary Devajit Saikia, president Mithun Manhas, head coach Gautam Gambhir, chief selector Ajit Agarkar and Centre of Excellence chief VVS Laxman will attend the meeting, with ODI and Test captain Shubman Gill and T20I skipper Shreyas Iyer also expected to be present.
At the centre of the discussions lies the most sensitive issue facing Indian cricket: Rohit's future. Though there is immense respect for the veteran opener's stature and achievements, selectors and members of the team management are increasingly aware of the need to prepare for a post-Rohit era.
According to sources, one option under consideration is to evaluate Rohit's role on a series-by-series basis rather than committing to a long-term plan through the entire World Cup cycle.
"It's very tough on a young captain like Shubman Gill when there is no clear direction. The dressing-room environment in the ODI team hasn't been the best, especially when it comes to dealing with stalwarts," a BCCI source said.
The uncertainty around Rohit reflects a broader concern. Of India's three national teams, the ODI side is regarded as the least settled. Injuries and workload management have prevented selectors from identifying a stable core, leaving several key positions unresolved.
The fast-bowling allrounder's role remains a particular headache. Hardik Pandya continues on a managed workload programme after recurring fitness issues, while Nitish ***** ar Reddy is yet to receive full clearance following rehabilitation.
"Hardik, at the moment, has been cleared to bowl six overs in a day. Reddy is still to clear his fitness tests. The ODI team doesn't have even half of the core ODI team ready. It has to be a joint effort between the CoE and the team management to zero in on players and formulate a roadmap to get them all on the park as soon as possible," the source said.
The review was initially planned after the Ireland and England tours but was postponed because of the subsequent Sri Lanka ***** ignment. It will now cover India's performances across multiple tours, including Zimbabwe and Sri Lanka.
India's 2-0 T20I series defeat in Ireland and the 4-0 drubbing in England raised alarm bells, with the 125-run loss at Nottingham viewed internally as one of the team's poorest performances in recent years. Gill's ODI side also lost the England series 2-1.
However, officials insist the exercise will focus on solutions rather than ***** igning blame, with particular emphasis on recurri
While recent defeats in Ireland, England and Sri Lanka will be ***** sed, board officials are understood to be more concerned about the lack of a clearly defined ODI roadmap at a time when preparations for the 2027 World Cup should be taking shape.
BCCI secretary Devajit Saikia, president Mithun Manhas, head coach Gautam Gambhir, chief selector Ajit Agarkar and Centre of Excellence chief VVS Laxman will attend the meeting, with ODI and Test captain Shubman Gill and T20I skipper Shreyas Iyer also expected to be present.
At the centre of the discussions lies the most sensitive issue facing Indian cricket: Rohit's future. Though there is immense respect for the veteran opener's stature and achievements, selectors and members of the team management are increasingly aware of the need to prepare for a post-Rohit era.
According to sources, one option under consideration is to evaluate Rohit's role on a series-by-series basis rather than committing to a long-term plan through the entire World Cup cycle.
"It's very tough on a young captain like Shubman Gill when there is no clear direction. The dressing-room environment in the ODI team hasn't been the best, especially when it comes to dealing with stalwarts," a BCCI source said.
The uncertainty around Rohit reflects a broader concern. Of India's three national teams, the ODI side is regarded as the least settled. Injuries and workload management have prevented selectors from identifying a stable core, leaving several key positions unresolved.
The fast-bowling allrounder's role remains a particular headache. Hardik Pandya continues on a managed workload programme after recurring fitness issues, while Nitish ***** ar Reddy is yet to receive full clearance following rehabilitation.
"Hardik, at the moment, has been cleared to bowl six overs in a day. Reddy is still to clear his fitness tests. The ODI team doesn't have even half of the core ODI team ready. It has to be a joint effort between the CoE and the team management to zero in on players and formulate a roadmap to get them all on the park as soon as possible," the source said.
The review was initially planned after the Ireland and England tours but was postponed because of the subsequent Sri Lanka ***** ignment. It will now cover India's performances across multiple tours, including Zimbabwe and Sri Lanka.
India's 2-0 T20I series defeat in Ireland and the 4-0 drubbing in England raised alarm bells, with the 125-run loss at Nottingham viewed internally as one of the team's poorest performances in recent years. Gill's ODI side also lost the England series 2-1.
However, officials insist the exercise will focus on solutions rather than ***** igning blame, with particular emphasis on recurri
26 days ago
Baron Capital, an investment management company, released its second-quarter 2026 investor letter for its "Baron Fifth Avenue Growth Fund". The letter can be downloaded here. The fund achieved a strong quarter, gaining 24.6% (Institutional Shares), outperforming the Russell 1000 Growth Index (16.7%) and the S&P 500 (15.2%). Year to date, it's up 11.7%, surpassing its benchmarks. The first half of 2026 mirrored the previous year, with a 10.4% drawdown in Q1 due to geopolitical tensions, similar to last year's tariff-related decline. However, the fund rebounded with a 24.6% gain in Q2 after a cease-fire and declining oil prices. Stock selection drove the outperformance, contributing 940bps, while sector allocation detracted 152bps. In a volatile market, the firm remains focused on identifying high-quality, competitively advantaged companies and is optimistic about long-term prospects, investing when prices align with intrinsic values. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Baron Fifth Avenue Growth Fund highlighted Coupang, Inc. (NYSE:CPNG). Coupang, Inc. (NYSE:CPNG), a Korean technology and e-commerce platform that operates through Product Commerce and Developing Offerings segments, detracted from the fund's performance this quarter. On August 31, 2026, Coupang, Inc. (NYSE:CPNG) closed at $16.06 per share. Over the past month, Coupang, Inc. (NYSE:CPNG) declined 4.29%, and its shares are down 43.47% over the past year. Coupang, Inc. (NYSE:CPNG) has a market capitalization of $28.87 billion, and its stock has traded within a 52-week range of $14.92 to $34.08.
Baron Fifth Avenue Growth Fund stated the following regarding Coupang, Inc. (NYSE:CPNG) in its Q2 2026 investor letter:
"Coupang, Inc. (NYSE:CPNG), Korea's largest e-commerce platform, detracted from performance with shares down 7.7%. The stock came under pressure following first-quarter results, where in-line revenue was overshadowed by softer second-quarter guidance as capacity and supply chain investments made ahead of Coupang's 2025 data breach weighed on margins while customer volumes recovered. Sentiment was further weighed down by a record KRW 624.7 billion (about US $430 million) privacy fine stemming from an investigation into the breach, while a rotation of fast money into AI and semiconductor names added to the weakness. Despite these headwinds, our conviction remains intact. We view the margin pressure as temporary, and the fine removes a key overhang and reinforces our belief that the breach does not reflect a structural loss of market share. By the end of April, Coupang recovered roughly 80% of the post-breach decline in WOW Membership (its paid subscription program), with returning members resuming prior spending levels. We continue to view Coupang as a competitively advantaged e-commerce business gaining share in its core market while scaling Taiwan operations."
#fund #baron
In its second-quarter 2026 investor letter, Baron Fifth Avenue Growth Fund highlighted Coupang, Inc. (NYSE:CPNG). Coupang, Inc. (NYSE:CPNG), a Korean technology and e-commerce platform that operates through Product Commerce and Developing Offerings segments, detracted from the fund's performance this quarter. On August 31, 2026, Coupang, Inc. (NYSE:CPNG) closed at $16.06 per share. Over the past month, Coupang, Inc. (NYSE:CPNG) declined 4.29%, and its shares are down 43.47% over the past year. Coupang, Inc. (NYSE:CPNG) has a market capitalization of $28.87 billion, and its stock has traded within a 52-week range of $14.92 to $34.08.
Baron Fifth Avenue Growth Fund stated the following regarding Coupang, Inc. (NYSE:CPNG) in its Q2 2026 investor letter:
"Coupang, Inc. (NYSE:CPNG), Korea's largest e-commerce platform, detracted from performance with shares down 7.7%. The stock came under pressure following first-quarter results, where in-line revenue was overshadowed by softer second-quarter guidance as capacity and supply chain investments made ahead of Coupang's 2025 data breach weighed on margins while customer volumes recovered. Sentiment was further weighed down by a record KRW 624.7 billion (about US $430 million) privacy fine stemming from an investigation into the breach, while a rotation of fast money into AI and semiconductor names added to the weakness. Despite these headwinds, our conviction remains intact. We view the margin pressure as temporary, and the fine removes a key overhang and reinforces our belief that the breach does not reflect a structural loss of market share. By the end of April, Coupang recovered roughly 80% of the post-breach decline in WOW Membership (its paid subscription program), with returning members resuming prior spending levels. We continue to view Coupang as a competitively advantaged e-commerce business gaining share in its core market while scaling Taiwan operations."
#fund #baron
26 days ago
Baron Capital, an investment management company, released its second-quarter 2026 investor letter for its "Baron Fifth Avenue Growth Fund". The letter can be downloaded here. The fund achieved a strong quarter, gaining 24.6% (Institutional Shares), outperforming the Russell 1000 Growth Index (16.7%) and the S&P 500 (15.2%). Year to date, it's up 11.7%, surpassing its benchmarks. The first half of 2026 mirrored the previous year, with a 10.4% drawdown in Q1 due to geopolitical tensions, similar to last year's tariff-related decline. However, the fund rebounded with a 24.6% gain in Q2 after a cease-fire and declining oil prices. Stock selection drove the outperformance, contributing 940bps, while sector allocation detracted 152bps. In a volatile market, the firm remains focused on identifying high-quality, competitively advantaged companies and is optimistic about long-term prospects, investing when prices align with intrinsic values. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Baron Fifth Avenue Growth Fund highlighted Shopify Inc. (NASDAQ:SHOP). Shopify Inc. (NASDAQ:SHOP), a Canada-based e-commerce technology company that provides a cloud-based platform for individuals and companies to create and manage their operations, detracted from performance in the quarter. On August 31, 2026, Shopify Inc. (NASDAQ:SHOP) closed at $147.37 per share. Over the past month, Shopify Inc. (NASDAQ:SHOP) returned 19.52%, but its shares are up 5.99% over the past year. Shopify Inc. (NASDAQ:SHOP) has a market capitalization of $189.59 billion, and its stock has traded within a 52-week range of $94.00 to $182.19.
Baron Fifth Avenue Growth Fund stated the following regarding Shopify Inc. (NASDAQ:SHOP) in its Q2 2026 investor letter:
"Shopify Inc. (NASDAQ:SHOP), a leading global commerce platform serving merchants across online and offline channels, detracted from performance in the second quarter with the stock down 3.7%. The decline was driven by multiple compression (its P/E was down 8.5%11) rather than any deterioration in the underlying business or fundamental outlook. Shopify continued to post healthy growth in gross merchandise volume and revenue, which were up 30% and 32% year-on-year, respectively. Instead, the pressure reflected investor concerns about the company's long-term positioning in a future state of e-commerce that may rely more heavily on AI-driven applications than traditional websites. We view those concerns as misplaced and see Shopify as an AI winner. Two decades of proprietary data across millions of merchants provide Shopify with a strong foundation for AI tools that improve merchant outcomes. Recent product releases also embed the platform more deeply within the emerging agentic commerce ecosystem while creating new monetization opportunities. We continue to believe that Shopify is the category-defining platform for modern commerce, benefiting from durable secular growth
In its second-quarter 2026 investor letter, Baron Fifth Avenue Growth Fund highlighted Shopify Inc. (NASDAQ:SHOP). Shopify Inc. (NASDAQ:SHOP), a Canada-based e-commerce technology company that provides a cloud-based platform for individuals and companies to create and manage their operations, detracted from performance in the quarter. On August 31, 2026, Shopify Inc. (NASDAQ:SHOP) closed at $147.37 per share. Over the past month, Shopify Inc. (NASDAQ:SHOP) returned 19.52%, but its shares are up 5.99% over the past year. Shopify Inc. (NASDAQ:SHOP) has a market capitalization of $189.59 billion, and its stock has traded within a 52-week range of $94.00 to $182.19.
Baron Fifth Avenue Growth Fund stated the following regarding Shopify Inc. (NASDAQ:SHOP) in its Q2 2026 investor letter:
"Shopify Inc. (NASDAQ:SHOP), a leading global commerce platform serving merchants across online and offline channels, detracted from performance in the second quarter with the stock down 3.7%. The decline was driven by multiple compression (its P/E was down 8.5%11) rather than any deterioration in the underlying business or fundamental outlook. Shopify continued to post healthy growth in gross merchandise volume and revenue, which were up 30% and 32% year-on-year, respectively. Instead, the pressure reflected investor concerns about the company's long-term positioning in a future state of e-commerce that may rely more heavily on AI-driven applications than traditional websites. We view those concerns as misplaced and see Shopify as an AI winner. Two decades of proprietary data across millions of merchants provide Shopify with a strong foundation for AI tools that improve merchant outcomes. Recent product releases also embed the platform more deeply within the emerging agentic commerce ecosystem while creating new monetization opportunities. We continue to believe that Shopify is the category-defining platform for modern commerce, benefiting from durable secular growth
26 days ago
Baron Capital, an investment management company, released its second-quarter 2026 investor letter for its "Baron Fifth Avenue Growth Fund". The letter can be downloaded here. The fund achieved a strong quarter, gaining 24.6% (Institutional Shares), outperforming the Russell 1000 Growth Index (16.7%) and the S&P 500 (15.2%). Year to date, it's up 11.7%, surpassing its benchmarks. The first half of 2026 mirrored the previous year, with a 10.4% drawdown in Q1 due to geopolitical tensions, similar to last year's tariff-related decline. However, the fund rebounded with a 24.6% gain in Q2 after a cease-fire and declining oil prices. Stock selection drove the outperformance, contributing 940bps, while sector allocation detracted 152bps. In a volatile market, the firm remains focused on identifying high-quality, competitively advantaged companies and is optimistic about long-term prospects, investing when prices align with intrinsic values. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Baron Fifth Avenue Growth Fund highlighted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as a notable contributor to performance. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world's leading contract chip manufacturer, producing advanced semiconductors for major global technology companies. On August 31, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed at $415.32 per share. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) fell 0.44% over the past month, while its shares gained 81.85% over the past 52 weeks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a market capitalization of $1.97 Trillion.
Baron Fifth Avenue Growth Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q2 2026 investor letter:
"Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world's largest contract chipmaker and the leading manufacturer of advanced logic semiconductors used in modern AI accelerators. Shares rose 41.6% during the quarter as the company continues to report stellar financial results underpinned by AI demand with revenue growth of 35% year-on-year and EPS growth of 58%, with 66% gross margins and 58% operating margins. High-performance computing now represents the majority of TSMC's business. AI demand is consuming so much leading-edge capacity that smartphone and PC production is increasingly shifting to older technology nodes, reversing a dynamic that defined the foundry industry for much of the past decade. Management also raised its full-year outlook and increased capital spending to support demand that remains well above available supply. We retain long term conviction in TSMC and view its leading-edge manufacturing monopoly, pricing power, and technology roadmap as durable advantages that support a long duration of growth."
#baron
In its second-quarter 2026 investor letter, Baron Fifth Avenue Growth Fund highlighted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as a notable contributor to performance. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world's leading contract chip manufacturer, producing advanced semiconductors for major global technology companies. On August 31, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed at $415.32 per share. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) fell 0.44% over the past month, while its shares gained 81.85% over the past 52 weeks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a market capitalization of $1.97 Trillion.
Baron Fifth Avenue Growth Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q2 2026 investor letter:
"Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world's largest contract chipmaker and the leading manufacturer of advanced logic semiconductors used in modern AI accelerators. Shares rose 41.6% during the quarter as the company continues to report stellar financial results underpinned by AI demand with revenue growth of 35% year-on-year and EPS growth of 58%, with 66% gross margins and 58% operating margins. High-performance computing now represents the majority of TSMC's business. AI demand is consuming so much leading-edge capacity that smartphone and PC production is increasingly shifting to older technology nodes, reversing a dynamic that defined the foundry industry for much of the past decade. Management also raised its full-year outlook and increased capital spending to support demand that remains well above available supply. We retain long term conviction in TSMC and view its leading-edge manufacturing monopoly, pricing power, and technology roadmap as durable advantages that support a long duration of growth."
#baron
26 days ago
Riverwater Partners, an investment management company, released its 'Small Cap Strategy' Q2 2026 investor letter. The letter can be downloaded here. The Small Cap Strategy underperformed the Russell 2000 in the second quarter as the benchmark experienced one of its strongest risk-on rallies in recent memory, although the strategy remained ahead year-to-date. The quarter was defined by accelerating AI investment, energy market disruptions, and renewed investor appetite for higher-beta stocks, creating headwinds for the firm's quality-focused approach and healthcare positioning. Despite this, stock selection contributed positively in energy, materials, and financials, while healthcare and consumer discretionary detracted due to the fund's disciplined avoidance of speculative businesses. Looking ahead, the firm remains cautiously optimistic, focusing on opportunities created by market dislocations, including AI infrastructure enablers, select consumer companies, healthcare innovators, and energy businesses trading below intrinsic value. The strategy continues to emphasize high-quality companies with strong management teams and attractive valuations, positioning the portfolio for a potential rotation away from speculative market leadership. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Werner Enterprises, Inc. (NASDAQ:WERN). The Fund added Werner Enterprises, Inc. (NASDAQ:WERN) which engages in transporting truckload shipments of general commodities in interstate and intrastate commerce, to its portfolio during the quarter. On August 31, 2026, Werner Enterprises, Inc. (NASDAQ:WERN) closed at $39.18 per share. The one-month return of Werner Enterprises, Inc. (NASDAQ:WERN) was 2.27% and its shares gained 37.43% over the past 52 weeks. Werner Enterprises, Inc. (NASDAQ:WERN) has a market capitalization of $2.35 billion with a 52-week trading range between $23.06 to $47.49.
Riverwater Partners Small Cap Strategy stated the following regarding Werner Enterprises, Inc. (NASDAQ:WERN) in its Q2 2026 investor letter:
"Late in the quarter we initiated Werner Enterprises, Inc. (NASDAQ:WERN), one of the largest truckload carriers. A landmark liability ruling now places responsibility for driver safety squarely on carriers with the balance sheets to insure it, a change we believe will force as much as a third of industry capacity, concentrated among small and marginal operators, to consolidate or exit. Large, well-capitalized carriers such as Werner should be the direct beneficiaries through pricing power and share gains. Only two of fifteen covering ****** ysts rated the stock a buy when we purchased it, which is precisely the setup we look for: identifying the inflection before the upgrade cycle begins."
#wern
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Werner Enterprises, Inc. (NASDAQ:WERN). The Fund added Werner Enterprises, Inc. (NASDAQ:WERN) which engages in transporting truckload shipments of general commodities in interstate and intrastate commerce, to its portfolio during the quarter. On August 31, 2026, Werner Enterprises, Inc. (NASDAQ:WERN) closed at $39.18 per share. The one-month return of Werner Enterprises, Inc. (NASDAQ:WERN) was 2.27% and its shares gained 37.43% over the past 52 weeks. Werner Enterprises, Inc. (NASDAQ:WERN) has a market capitalization of $2.35 billion with a 52-week trading range between $23.06 to $47.49.
Riverwater Partners Small Cap Strategy stated the following regarding Werner Enterprises, Inc. (NASDAQ:WERN) in its Q2 2026 investor letter:
"Late in the quarter we initiated Werner Enterprises, Inc. (NASDAQ:WERN), one of the largest truckload carriers. A landmark liability ruling now places responsibility for driver safety squarely on carriers with the balance sheets to insure it, a change we believe will force as much as a third of industry capacity, concentrated among small and marginal operators, to consolidate or exit. Large, well-capitalized carriers such as Werner should be the direct beneficiaries through pricing power and share gains. Only two of fifteen covering ****** ysts rated the stock a buy when we purchased it, which is precisely the setup we look for: identifying the inflection before the upgrade cycle begins."
#wern