On September 14, Radiant Logistics (NYSEAMERICAN:RLGT) held its fourth fiscal quarter earnings call, and the headline numbers landed harder than a typical logistics update. Net income jumped 53.1% to $7.5 million for the quarter ended June 30, while revenue climbed 18.5% to $261.4 million. Look past that one quarter, though, and the picture gets more complicated, because full-year adjusted profitability actually fell. That gap between a blowout quarter and a softer year is what makes this name worth a closer look.
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.

#quarter #revenue

York Water holds the longest dividend streak in US public markets at 27 consecutive years, while WTW's $1.775B operating cash flow dwarfs its $358M dividend obligation.
Amdocs and Ituran both run near-recession-proof revenue models, with DOX posting near-100% managed services renewal rates and ITRN carrying zero debt alongside $103.7M in net cash.
All five stocks fund dividends from contracted or recurring revenue streams such as regulated rates, fee income, or subscriptions, insulating payouts from economic cycles.
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Income investors heading into the fourth quarter want payouts that don't wobble with the business cycle. The five names below share one thing: dividends funded by recurring, contracted, or fee-based revenue streams that keep flowing whether or not the macro cooperates. Each has raised its payout recently, and each trades on Nasdaq. As a grounding data point, Willis Towers Watson (NASDAQ:WTW) alone generated $360 million of first-half free cash flow, roughly double the prior-year period, giving the broker ample room to keep funding both dividends and buybacks.

#revenue #NASDAQ #Dividend

Spring, Texas-based Hewlett Packard Enterprise Company (HPE) develops intelligent solutions in the United States, the Americas, and internationally. The company has a market cap of $74.2 billion and operates in five segments: Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other, and offers general-purpose servers, workload-optimized servers, and integrated systems, among others.
Companies with a market cap of $10 billion or more are typically called "large-cap stocks." HPE fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the communication equipment industry.
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#packard

Parnassus Investments, an investment management company, released the "Parnassus Growth Equity Fund" second-quarter 2026 investor letter. The letter can be downloaded here. During the quarter, the Fund (Investor Shares) returned 17.49% (net of fees), outperforming the Russell 1000 Growth Index's 16.74%. Holdings in Information Technology and Consumer Discretionary sectors boosted relative returns, while Communication Services and Financials holdings detracted. For the year-to-date period, the Fund returned 6.17% (net of fees), outperforming the Russell 1000 Growth's 5.33%. The firm remains constructively bullish on U.S. equities and continues to be selective, valuation-sensitive, and focused on disruptive growth opportunities through active stock selection. Growth stocks advanced during the second quarter, as the Russell 1000 Growth Index generated strong double-digit returns driven by increased confidence in the durability of the ongoing artificial intelligence (AI) infrastructure build-out. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Brown & Brown, Inc. (NYSE:BRO). Brown & Brown, Inc. (NYSE:BRO) is a leading insurance brokerage firm operating through Retail and Specialty Distribution segments. On September 15, 2026, Brown & Brown, Inc. (NYSE:BRO) closed at $67.23 per share, reflecting a market capitalization of $22.5 billion. Brown & Brown, Inc. (NYSE:BRO) posted a one‑month return of -6.29%, while its shares lost 27.35% over the past 52 weeks.
Parnassus Growth Equity Fund stated the following regarding Brown & Brown, Inc. (NYSE:BRO) in its Q2 2026 investor letter:
"We sold Brown & Brown Inc. during the quarter. Brown & Brown, Inc. (NYSE:BRO) remains a high-quality business, but we see rising near term risks as the company navigates an industry downturn, integrates a large acquisition and works to close an AI capability gap versus larger peers."
Brown & Brown, Inc. (NYSE:BRO) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 44 hedge fund portfolios held Brown & Brown, Inc. (NYSE:BRO) at the end of the second quarter, compared to 41 in the previous quarter. While we acknowledge the potential of Brown & Brown, Inc. (NYSE:BRO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#quarter #letter

"I am the house now," Treasury Secretary Scott Bessent told traders last week, as he defended the administration's increasingly interventionist approach to the bond market. He added that he had "asymmetric information" about what policymakers would do next and dared investors: "bet against me if you want."
On Wednesday, Federal Reserve chair Kevin Warsh might effectively take the other side of the bet.

It's been a hot American summer. Oil is hot, hovering around $110 a barrel. Bond yields are hot, too: the 10-year Treasury yield has pushed above 5%, around its highest level since 2007. Credit markets are running hot as well: U.S.-dollar debt issuance to finance AI and data-center development reached $308 billion through July. And all that borrowing is competing with U.S. national debt, which crossed $40 trillion less than a month ago. Stocks, despite a rough few days, are still up roughly 11% this year. Inflation, meanwhile, remains above 3%.
Put all that heat together, and the Federal Reserve is staring down a question it hasn't seriously confronted in three years: Is the U.S. economy actually overheating? Markets are betting the Fed thinks the answer is at least "maybe." Traders have priced a quarter-point hike Wednesday with near certainty.
But whether Wednesday amounts to a one-time course correction or the beginning of a new tightening cycle depends on what, exactly, is making the American economy hot. The last time the Fed began raising rates, in March 2022, Jerome Powell's Fed ultimately raised its benchmark rate by 525 basis points over 16 months.
Mohamed El-Erian, Wharton professor of practice and chief economic adviser at Allianz, parsed the current fervor and anxiety into four questions on X Tuesday: whether oil-supply disruptions persist, with China potentially acting as a "swing consumer"; whether Treasury Secretary Scott Bessent intervenes again to influence long-end yields; whether this week's hike proves "one and done" or the beginning of a cycle; and how markets balance AI's enormous promise against its enormous risks.

#secretary #federal #american

The dollar index (DXY00) climbed to a 2-week high today and is up by +0.09%. The dollar is climbing today on signs of US economic growth after Aug retail sales rose more than expected. The dollar also has support on expectations that the Fed will raise interest rates by 25 bp at today's FOMC meeting.
Higher stocks today have curbed demand for dollar liquidity. Also, the larger-than-expected decline in the Sep NAHB housing market index is negative for the dollar. In addition, today's -2% decline in WTI crude oil lowers inflation expectations and is dovish for Fed policy and bearish for the dollar.
Dollar Rises on Surging Crude Prices and T-Note Yields
Dollar Supported by Higher Crude Prices and T-Note Yields
Dollar Soars as Fed Hikes Rates and Signals More to Come

#today #higher #note #rates

Billionaire Ray Dalio's Bridgewater ******* ociates and Cathie Wood's ARK Invest follow sharply different investment philosophies. Bridgewater generally runs a diversified, macro-driven portfolio that balances exposure across ******* ets, countries and economic environments. ARK concentrates on companies it believes can benefit from disruptive innovation.
Still, Insider Monkey's ******* ysis of their second-quarter 13F filings shows that the two firms shared exposure to several stocks. Among the largest common holdings were Eli Lilly (LLY) and Nvidia (NVDA).
Bridgewater held 87,023 Eli Lilly shares worth about $104.4 million at the end of the second quarter, after increasing its position by 16,211 shares. ARK held 77,254 shares valued at about $92.7 million, after adding 64,578 shares.
Bridgewater's Nvidia stake was much larger, comprising 3.87 million shares worth about $773.6 million. However, it reduced the position by 826,808 shares during the quarter. ARK moved in the other direction, adding 345,821 Nvidia shares to end the quarter with 1.38 million shares valued at about $276.4 million.
Let's focus on LLY.

#shares #quarter #exposure

Welltower and Ventas posted SHOP NOI growth of 20.5% and 16.3%, respectively, as senior occupancy rates climb and new supply starts remain at record lows.
Roughly 2 million people turn 80 in 2026, and Ventas CEO Debra Cafaro says the senior population growth rate will more than double over the next decade.
OHI's 5.68% yield carries real tenant risk: Genesis Healthcare is in Chapter 11 with $148 million in loans outstanding and the CEO is retiring.
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Senior housing and skilled nursing REITs are riding a demographic tide that shows up in the operating data. Roughly two million people will turn 80 in 2026 alone, and Ventas Chair and CEO Debra A. Cafaro told investors that "the leading edge of the nearly 70 million baby boomers has just begun turning 80 this year, ushering in a decade where the growth rate of the senior population more than doubles, yet new starts remain at record lows." Four US-listed equity REITs sit squarely in that trade. Dividend safety leads the **** ysis, so every payout is measured against FFO or AFFO, not GAAP earnings.

#ventas #welltower

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A Federal Reserve rate hike is largely priced in for Wednesday, but JPMorgan says the S&P 500 could still swing anywhere from 1% higher to 2% lower depending on how Chair Kevin Warsh frames the move.
A surprise decision to hold rates steady could prove painful. JPMorgan Chase & Co. (NYSE:JPM) estimates the index could fall 1.25% to 1.75% if the Fed leaves rates unchanged.
Polymarket traders put the chance of a 25-basis-point hike at 89% Wednesday morning, compared with 11% for no change, with roughly $193 million traded on the decision.
JPMorgan argues that an unexpected hold could raise doubts about the Fed's willingness to contain inflation, potentially pushing longer-term Treasury yields higher as investors demand more compensation for inflation risk.

#wednesday #hike #higher #finance

The Nasdaq 100 has rallied slightly to show signs of life as we head toward that crucial Federal Reserve interest rate decision later today. A hike of 25 basis points is expected. This is perhaps the market coming to terms with the new reality as we hold the consolidation.
The question will be whether or not Kevin Warsh sounds extraordinarily hawkish during this press conference, or if it is a situation where it is one and done. I think that probably comes into play here as well. Rates are backing off the 5% level in the 10-year at the moment, at least, but it is worth noting that the market has been extraordinarily resilient.
The Dow Jones 30 is rising a bit in the early part of the session as well. It is in the oversold part of the stochastic oscillator. It is kind of a messy look for the stochastic oscillator at the moment, but it is worth noting that the area right around 52,250 has been important and so far seems to be holding up. The 50-day EMA near the 52,700 level offers pretty significant resistance, so it could be worth watching.
The S&P 500 continues to hang around the 7,600 level. That is an area that had previously been significant resistance and now is offering a significant amount of support over the last 4 or 5 trading sessions. We also have the 50-day EMA there as well. So, a bounce from here and a recovery just means more consolidation.
It will be interesting to watch how this plays out during that press conference. It could be a volatile and ******* py session, but ultimately, the stock market has been rather resilient. The earnings calendar treated us fairly well, and the resiliency of the U.S. economy continues.

#significant #extraordinarily

With aviation often a prohibitively costly industry for individual players without major backing, several smaller and charter carriers did not survive the spike in jet fuel prices that came at the start of 2026 following the U.S.-Israeli strike on Iran.
Major recent news in this ***** e includes the collapse of Spirit Airlines and the bankruptcy filing of Latvian flag carrier AirBaltic. Smaller carriers that shut down in 2026 include Mexican holiday airline Magnicharters, Finnish charter airline Jetflite, and most recently in September 2026, French charter carrier AirAiles.
And in Colorado, charter broker and indirect air carrier OneFlight International is reportedly pausing all flights for 30 days as a long string of financial problems catches up with it.
The company does not own any aircraft but functions as a broker, organizing chartered flights by private jet and jet card subscriptions.
A jet card is a membership in which customers book flight hours on a private plane at fixed rates. Along with fractional ownership, it is one of two main ways that passengers who fly private book their flights.

#carrier #card

The pre-market for Amazon looks a bit bullish, although I wouldn't call it overly bullish. We are in an area that should be interesting for technical traders, though, as the last earnings call produced a massive gap and we find ourselves at the 61.8% Fibonacci retracement level.
We are getting close to an oversold condition in the stochastic oscillator, and the 10-year yield is now at 5% again, so that has its own part to play here.
I do think we have a situation where traders continue to look at this as a potential value play, but it is also going to be heavily influenced by the U.S. consumer and how it is feeling. Interest rates rising and inflation rising are not good things, but so far it looks like we are at least finding some type of support.
Walmart is doing very little in pre-market trading. It is currently finding the 50-day EMA as a potential barrier, and as a result, it might be worth looking at this through the prism of whether or not we can get above there. We are in the overbought condition in the stochastic oscillator, so maybe a little bit more consolidation. That would not be overly surprising because after all, most of the day is going to be waiting around for the Federal Reserve interest rate decision, and perhaps more important than that will be the press conference.
Target looks as if it is going to basically open up where it closed during the previous session, which was pretty ugly for Target. We are sitting just above the 50-day EMA, and it is in a nice uptrend. We are oversold in the stochastic oscillator now, so I'll be looking for some type of bounce.

#looks #overly

Wasatch Global Investors, an **** et management company, released its "Long/Short Alpha Fund" Q2 2026 investor letter. The letter can be downloaded here. Small- and mid-cap growth stocks posted significant gains in Q2, led primarily by AI-related companies. The Russell 2500 Index rose 20.26%, while the Wasatch Long/Short Alpha Fund—Investor Class increased by 8.29%. However, the fund faced challenges due to the outperformance of lower-quality companies, which negatively impacted its long positions. Despite trailing the benchmark and some losses in short positions, the fund remains confident in its long portfolio's fundamentals, which have not deteriorated. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Wasatch Long/Short Alpha Fund highlighted Real REMAX Group Inc. (NASDAQ:REAX). Real REMAX Group Inc. (NASDAQ:REAX) is a real estate technology company that provides **** le, mortgage, wallet, and franchising and ancillary services. The Real Brokerage, Inc. changed its name to Real REMAX Group Inc. (NASDAQ:REAX) in August 2026. On September 15, 2026, Real REMAX Group Inc. (NASDAQ:REAX) closed at $19.27 per share. Over the past month, Real REMAX Group Inc. (NASDAQ:REAX) declined 30.93%, but its shares are down 61.84% over the past year. Real REMAX Group Inc. (NASDAQ:REAX) has a market capitalization of $422.42 million, and its stock has traded within a 52-week range of $15.50 to $52.50.
Wasatch Long/Short Alpha Fund stated the following regarding Real REMAX Group Inc. (NASDAQ:REAX) in its Q2 2026 investor letter:
"Among shorts, contributors to Fund performance were those stocks that declined in price. One of our largest contributors was REMAX Group Inc. (NASDAQ:REAX). The company operates a cloud-based real estate platform operating across the U.S. and Canada. Real Brokerage's stock was down due to concerns about how AI may disrupt its business model."
Real REMAX Group Inc. (NASDAQ:REAX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 25 hedge fund portfolios held Real REMAX Group Inc. (NASDAQ:REAX) at the end of the second quarter, compared to 21 in the previous quarter. While we acknowledge the potential of Real REMAX Group Inc. (NASDAQ:REAX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#real #remax #NASDAQ #long

Alluvium **** et Management, an **** et management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here. The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Liberty Capital Corporation (NASDAQ:GLIBK). Liberty Capital Corporation (NASDAQ:GLIBK) is a communication services company that provides a range of data, wireless, video, voice, and managed services. GCI Liberty, Inc. rebranded to Liberty Capital Corporation (NASDAQ:GLIBK) in May 2026. On September 15, 2026, Liberty Capital Corporation (NASDAQ:GLIBK) closed at $25.55 per share. Over the past month, Liberty Capital Corporation (NASDAQ:GLIBK) declined 1.50% and its shares lost 27.02% over the past 52 weeks. Liberty Capital Corporation (NASDAQ:GLIBK) has a market capitalization of $1.02 billion, and its stock trades within a 52-week range of $19.30 and $41.18.
Conventum – Alluvium Global Fund stated the following regarding Liberty Capital Corporation (NASDAQ:GLIBK) in its Q2 2026 investor letter:
"GCI Liberty, the Alaskan cable business that was spun out of Liberty Broadband, has been renamed Liberty Capital Corporation (NASDAQ:GLIBK) (to reflect a future which is expected to include a broader array of businesses, and with its legacy GCI Alaska cable business being the solid "cash cow"). It fell 40.6%. There was plenty of news. Most notable was its USD 360m acquisition of Quintillion, which owns around 3,000 kilometres of fibre cable and plans to expand it by a further 2,500 kilometres or so. This perfectly aligns with Liberty's GCI operations. We understand Quintillion generates around USD 55-60m in revenue and USD 30m in free cash. We would expect significant synergies (reportedly around USD 20m) so we have little doubt that the deal adds value. And in fact, when we incorporate it into our model, the valuation uplift is around 35%. Management also decided to retreat from the competitive and low margin video business. And finally, Liberty Capital had intended to acquire an interest in Liberty Latin America by striking a deal for an initial 6% stake and building on that by buying John Malone's interest. For some reason this did not proceed which perhaps spooked the market. With the share price falling (to levels approximating half our valuation), and encouraged by its CEO buying shares, we increased our

Stock futures are higher after two days of losses for major indexes as traders await the Federal Reserve's decision on interest rates; the Fed is widely expected to raise its benchmark interest rate for the first time in three years to tame inflation; the European Union could add Canada as an "associate member" amid the country's growing trade war with the Trump administration; shares of SK Hynix and Intel are climbing following a report that the companies could partner to build chips in the U.S.; and retail sales data is due this morning. Here's what you need to know today.
Stock futures are rising this morning ahead of the highly anticipated Federal Reserve decision on interest rates. Dow Jones Industrial Average and S&P 500 futures were each up 0.3% in recent trading while futures tracking the tech-heavy Nasdaq added 0.6%. The major indexes fell Tuesday for the second straight session as oil prices and government bond yields rose. WTI crude oil futures were recently down more more than 2% at $103.50 per barrel after hitting a fresh four-month high yesterday. The yield on the 10-year Treasury note was at 4.97%, after jumping as high as 5.04% in yesterday's session, the highest point since the financial crisis of 2007. Bitcoin was holding steady at $76,100, after the cryptocurrency slumped yesterday as the Clarity Act failed to pass through a cloture vote in the Senate. Gold futures were up 1% to $4,390 an ounce.
The Federal Reserve's policy committee will wrap up its two-day meeting this afternoon amid expectations that the central bank will hike its benchmark rate for the first time in three years to address mounting inflationary pressure. The Federal Open Market Committee's decision is scheduled to be released at 2:00 p.m. ET, along with quarterly economic projections from FOMC members. Fed Chair Kevin Warsh, who took over the top position in May, has said repeatedly the Fed is squarely focussed on bringing inflation down to the Fed's target. Recent inflation data has confirmed that price pressures persist as oil prices rise owing to the Iran war. Investors will be looking for additional insights from Warsh, who is scheduled to speak at a press conference half an hour after the decision is announced. A rate hike is meant to raise borrowing costs, slowing economic activity such that inflation moderates. The challenge the Fed faces is that it can't address the underlying causes of the inflation, including the Iran war, tariffs and rampant corporate spending on AI.

#interest

The choice between established ****** ans and digital-first challengers defines many modern portfolios. In the financial realm, investors must decide if JPMorgan Chase (NYSE:JPM) or SoFi Technologies (NASDAQ:SOFI) is the better buy for long-term growth.
JPMorgan Chase operates as a global financial heavyweight, offering everything from wealth management to retail branches. Conversely, SoFi Technologies focuses on an integrated mobile app to help members borrow, save, and invest. While one relies on massive scale, the other bets on fintech innovation to capture a younger, tech-savvy demographic.
JPMorgan Chase functions as a cornerstone of the global economy, managing a vast array of services including ****** et management and investment banking. In its latest annual report, filed for 2025, the firm highlighted its reach through more than 5,000 branches across the 48 contiguous states. It serves a diverse client base ranging from individual consumers and small businesses to large corporations and governments. The firm provides a comprehensive range of financial services, including transaction processing and commercial banking on a global scale.
Financial performance remained robust in FY 2025, with revenue reaching nearly $182.4 billion. This represented a growth rate of approximately 3.3% compared to the previous year, contributing to a net income of close to $57.0 billion. The net margin, which measures the percentage of revenue kept as profit after all expenses, sat at roughly 20.4% for the period. This consistent profitability underscores the scale of its operations across diverse global markets.
As of its December 2025 balance sheet, the firm reported a debt-to-equity ratio of nearly 2.6x. This ratio measures total debt against shareholder equity, with a higher number indicating more reliance on borrowed funds to finance growth. The current ratio, which compares short-term ****** ets to short-term liabilities, was approximately 0.5x, while free cash flow reached a negative $147.8 billion. Free cash flow is the cash a company generates after accounting for cash outflows to support operations and maintain its capital ****** ets.

#sofi #global #term

The Fed raised rates 25 basis points today, pushing the funds rate to 4% as major indices sold off in anticipation.
Brent Crude surged to $109 and WTI hit $106 as renewed Middle East fighting and a Saudi pipeline shutdown drove energy prices higher.
Bitcoin dropped nearly 4% to $76,180 after the Clarity Act crypto regulation bill failed in the Senate by a single vote, 50-49.
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Futures are trading higher as the Federal Reserve's reckoning day has arrived. Interest rate futures tracked by CME FedWatch show a 92% chance of a 25-basis-point increase in the Fed funds rate today. That will push the funds rate to 3.75% to 4%. In addition, market watchers expect two more rate hikes over the next year to tackle sticky inflation, exacerbated by the war with Iran and rising oil prices.

#funds

Alluvium ******* et Management, an ******* et management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here. The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block, and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted HCA Healthcare, Inc. (NYSE:HCA). HCA Healthcare, Inc. (NYSE:HCA) owns and operates hospitals and related healthcare entities. On September 15, 2026, HCA Healthcare, Inc. (NYSE:HCA) closed at $423.04 per share. HCA Healthcare, Inc. (NYSE:HCA) returned 3.93% over the past month, and its shares are up 5.92% over the past year. HCA Healthcare, Inc. (NYSE:HCA) has a market capitalization of $91.76 billion.
Conventum – Alluvium Global Fund stated the following regarding HCA Healthcare, Inc. (NYSE:HCA) in its Q2 2026 investor letter:
"Our two healthcare companies had a poor quarter (in terms of share price performance, not business fundamentals). HCA Healthcare, Inc. (NYSE:HCA), the hospital operator, fell 17.5%. The share price fell 8.8% immediately following its first quarter results (despite management reaffirming its 2026 guidance). We suspect this is a (over) reaction to poorer than expected respiratory volumes due to a mild flu season. With the shares trading at a discount to our valuation we bought a little more to bring the Fund's position to 6.4%."
HCA Healthcare, Inc. (NYSE:HCA) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 75 hedge fund portfolios held HCA Healthcare, Inc. (NYSE:HCA) at the end of the second quarter which was 70 in the previous quarter. While we acknowledge the potential of HCA Healthcare, Inc. (NYSE:HCA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#quarter #fund #alluvium #conventum

Dow Jones futures rose modestly early Wednesday, along with S&P 500 futures and Nasdaq futures. The Federal Reserve is expected to raise interest rates amid soaring oil prices and Treasury yields.
The stock market saw further losses Tuesday with the Nasdaq and S&P 500 dropping below their 50-day moving averages. The 10-year Treasury yield is at 5% while crude oil prices jumped amid global conflicts.
Salesforce (CRM) fell slightly amid its annual Dreamforce conference but is still near entries. ServiceNow (NOW) rose within a buy zone while Twilio (TWLO) and Dynatrace (DT) reclaimed buy points. Cybersecurity plays Qualys (QLYS), Fortinet (FTNT) and Palo Alto Networks (PANW) flashed buy signals.
Outside of software, Energy play APA Corp. (APA) and Guardant Health (GH) are actionable.
Guardant Health and Twilio are on Leaderboard. Twilio stock, Salesforce and Guardant are on SwingTrader. Salesforce stock is on the IBD 50. Fortinet stock, Salesforce and Dynatrace are on the IBD Big Cap 20.

#Stock #futures

Financial infrastructure provider Fin.com has "emerged from stealth" with $20m in seed funding.
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.

#expa #camp

US stock futures moved higher on Wednesday as investors awaited the Federal Reserve's interest rate decision. Oil prices declined following an unexpected increase in US inventories, while developments involving Meta and OpenAI remained in focus.
At 07:12 GMT, Dow futures were up 129 points, or 0.3%. S&P 500 futures gained 21 points, or 0.3%, while Nasdaq 100 futures advanced 145 points, or 0.5%.
Wall Street's main indices had declined in the previous session as US government bond yields approached two-decade highs. Higher oil prices, linked to the widening conflict in the Middle East, contributed to concerns about inflation and further monetary policy tightening.
Analysts at Vital Knowledge described a feedback mechanism in which rising oil prices push bond yields higher, affect investor sentiment and increase pressure on central banks to raise interest rates.
Markets broadly anticipated a 25-basis-point interest rate increase at the conclusion of the Federal Open Market Committee's two-day meeting.

#higher #interest #prices #rate

Cardinal Health, Inc. (CAH), headquartered in Dublin, Ohio, operates as a healthcare services and products company. Valued at $54.6 billion by market cap, the company's services include pharmaceutical distribution, health-care product manufacturing, distribution and consulting services, drug delivery systems development, pharmaceutical packaging, automated dispensing systems manufacturing, and retail pharmacy franchising.
Companies worth $10 billion or more are generally described as "large-cap stocks," and CAH perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the medical distribution industry. As one of the top three U.S. pharma wholesalers, CAH holds a commanding market position. Its diversified pharmaceutical and medical distribution portfolio, broadens its customer base, adds resilience to market swings, and creates multiple revenue streams with cross-selling opportunities.
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#market #Health #Manufacturing #systems

By Anna Szymanski
Sept 16 (Reuters) - An unsettled few days set the scene for the week's main event: the Federal Reserve's policy decision. Markets overwhelmingly expect a quarter-point rate hike, the central bank's first since 2023, against the backdrop of resurgent oil prices and a 10-year Treasury yield that's recently breached the ‌important 5% mark.
A rate increase could put Fed Chair Kevin Warsh on a collision course with the White House, given President Donald Trump's continued preference for easing ‌policy. But given all the economic data supporting calls for a hike, Warsh risks losing credibility if the central bank stays on hold.
Today's decision - and the messaging surrounding it - will be a major test for Warsh. The Fed chair struck a hawkish tone at Jackson Hole last month and, with U.S. inflation still running above target and the unemployment rate still low, policymakers risk undermining their credibility if they don't follow through and lift the benchmark rate to the 3.75%-4.00% range.
That's as Donald Trump continues to push for the U.S. to have the lowest borrowing costs in the world. The U.S. president recently threatened to stop trading with some countries if the Fed does not cut rates, though markets have not taken that threat very seriously.

#rate #markets #president #decision

Akron, Ohio-based FirstEnergy Corp. (FE) engages in the generation, distribution, and transmission of electricity in the United States. The company has a market cap of $26.5 billion and operates through Distribution, Integrated, and Stand-Alone Transmission segments, and owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power-generating facilities.
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." FE fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the regulated electric utilities industry.
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#operates

President Trump reacted to Wednesday's Fed rate hike, saying "Interest Rates in the United States should be 1%, or less" and acknowledging he discussed with Kevin Warsh the Fed chair's plans for how to vote ahead of time.
"I talked to Kevin and I said, 'you might as well vote with the board because it's not going to matter,'" Trump told reporters Wednesday evening.
The Federal Open Market Committee voted unanimously Wednesday to raise rates by 25 basis points, its first hike in three years and the first under Warsh.
The president, who has spent more than a year calling for lower rates, first posted on Truth Social that rates should be dropping and that the trade deficit was a reason to "LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!" days after he threatened to stop trading with countries that have a trade deficit unless the Fed cuts rates.
Later Wednesday, when he was asked by reporters if he still has confidence in Warsh, Trump said he did, but said "he's got a very tough board." He called the FOMC "a bunch of politicians."

#Trump #warsh #united #states

The House of Representatives on Tuesday passed a bipartisan bill aimed at shielding Americans from increased electricity costs **** ociated with data centers being built across the country.
The Ratepayer Protection Act, which passed with an overwhelming 417-3 majority, "ensures American families are not left footing the bill for the grid upgrades and new energy generation required to operate large data centers," Republican Rep. Gabe Evans, one of the bill's sponsors, said ahead of the vote.
The bill now moves to the Senate, where its prospects of passing are uncertain.
The Ratepayer Protection Act is the first major piece of legislation taken up by Congress to address the growing public discontent over the mass buildout of data centers among the American public. Even if it passes, though, it won't directly set the rates that data center operators pay for their electricity.
Congress doesn't have the power to compel utilities to set higher rates for the facilities. Only states have that authority. What the Ratepayer Protection Act would do is compel state utility regulators to consider adopting a federal standard under which large data centers would cover the extra costs of upgrades. The bill is comparable to a proclamation signed by President Trump earlier this year that established a similar voluntary pledge for tech companies.

#passed

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It doesn't look like a market crash is in our future.
A housing market crash happens when home values plummet due to a lack of demand for or an oversupply of homes. The factors leading to a housing market crash are varied, ranging from economic recessions to high mortgage rates that make it less affordable to buy a home. A housing crash can have upsides (low home prices) and downsides (losing built-up equity and tighter finances).

So, what's ahead for the housing market in 2026?
Read more: Want to buy a house in 2026? Here's what you need to know.
Despite 58% of Gen Z wanting a housing market crash, according to Clever, experts don't foresee one in 2026. If anything, they see a greater sense of normalcy following multiple years of twists and turns.

#market #crash #despite #offers

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
At the beginning of 2026, the biggest question surrounding the Federal Reserve and interest rates was whether the Fed would cut its target rate at some point this year. However, it's become increasingly clear that a rate cut won't happen any time soon. In fact, it's possible that the Fed may increase its benchmark rate before the year is over.
Following the Federal Open Market Committee (FOMC)'s most recent meeting in July, under the leadership of new Fed Chair Kevin Warsh, the committee announced its decision to maintain the target range for the federal funds rate at 3.50%-3.75%.
In its statement, the committee noted that "inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability."
The Fed has not cut rates since late 2025, yet interest rates on consumer loans and bank accounts steadily decreased throughout 2026 — at least, until recently. Recent rate increases are a sign that the market is already pricing in a rate hike. And with a few more Fed meetings on the calendar for the remainder of 2026, consumers are wondering how potential rate changes could impact their bottom lines.

#year

The U.S. fuel crisis stemming from the ongoing war in Iran has now reached the retail shelf, with Costco Wholesale (COST) nearly doubling the price of its Kirkland Signature full-synthetic motor oil from roughly $30 to $58 per 5-quart two-pack, while simultaneously capping purchases at two units per membership every seven days.
It's an extraordinary move for a retailer whose entire brand identity rests on bulk buying at deep discounts, and it signals that severe supply chain disruptions are spreading well beyond the gasoline pump.
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#supply #wholesale

Updated Sept. 15, 2026 3:48 pm ET
Listen
(3 min)
1546 ET – Treasury yields settle at new multi-year highs as markets price a Fed hike while facing an uncertain long-term outlook. Inflation expectations hover around 2.5%, as measured by one-year swap rates, according to LSEG, higher than the Fed’s 2% target. That’s up from below-target expectations in early August. A 20-year Treasury auction clears at the highest yield since 1986, shortly before the tenor was discontinued, and since it was reintroduced in 2020. Demand indicators in the sale come on the soft side. The 10-year yield rises 0.035 percentage point to 4.995%, the highest since July 2007. The two-year adds 0.028 points to 4.661%, highest since July 2024. (paulo.trevisaniwsj.com; ptrevisani)
1430 ET – Treasury yields tick higher as investors demand steeper returns to lend money to Washington long-term. A 20-year Treasury bond auction clears at a yield of 5.42%, the highest since 1986, when the tenor was discontinued, and since it was reintroduced in 2020. Still, demand indicators were on the soft side: the 2.57 bid-to-cover ratio was below the previous six-month average of 2.65, while indirect bidders, a group that includes foreign investors, took 52.5% of the bonds, also below average. The 20-year trades at 5.414%, up from 5.401% before the auction, while the 10-year rises to 5.014% from 4.996%. (paulo.trevisaniwsj.com; ptrevisani)

#treasury #highest #below #yield