2 days ago
Search for Tom Holland's car collection and you'll find a dozen sites promising a seven-figure garage. Ask any of them for a photo, a registration or one post from Holland himself, and the list gets short fast. Here is the sorted version: what is confirmed, what is movie marketing, and what is internet filler.
The one car with real evidence behind it is the Porsche Taycan Turbo S. In April 2022 Holland came back to Instagram with a photo beside a new Taycan, and the post was widely reported as a Turbo S.
A Porsche Taycan Turbo S, the model reported in Holland's 2022 post. Photo: Rutger van der Maar / Wikimedia Commons / CC BY 2.0
It is a smart pick for an actor who plays a kid from Queens. The Turbo S makes roughly 750 horsepower on overboost, runs on an 800-volt electrical system that fast-charges quicker than most electric cars, and uses a two-speed rear transmission that nearly every other EV skips. Pricing starts north of $180,000 before options. It is also dead quiet, which makes speed easy to miss, a lesson Richard Hammond learned the expensive way.
Audi partnered with Marvel on Spider-Man: Homecoming in 2017. The centerpiece was a short film in which Tony Stark lends Peter Parker a brand-new A8 for his driving test, with J.B. Smoove as the instructor losing a fight with the dashboard.
#turbo #fast #speed
The one car with real evidence behind it is the Porsche Taycan Turbo S. In April 2022 Holland came back to Instagram with a photo beside a new Taycan, and the post was widely reported as a Turbo S.
A Porsche Taycan Turbo S, the model reported in Holland's 2022 post. Photo: Rutger van der Maar / Wikimedia Commons / CC BY 2.0
It is a smart pick for an actor who plays a kid from Queens. The Turbo S makes roughly 750 horsepower on overboost, runs on an 800-volt electrical system that fast-charges quicker than most electric cars, and uses a two-speed rear transmission that nearly every other EV skips. Pricing starts north of $180,000 before options. It is also dead quiet, which makes speed easy to miss, a lesson Richard Hammond learned the expensive way.
Audi partnered with Marvel on Spider-Man: Homecoming in 2017. The centerpiece was a short film in which Tony Stark lends Peter Parker a brand-new A8 for his driving test, with J.B. Smoove as the instructor losing a fight with the dashboard.
#turbo #fast #speed
14 days ago
A woman from a low-income family in China crossed over into Hong Kong to get to a concert she had spent months saving up for.
It was a trip that Beijing’s vast surveillance apparatus didn’t miss. Now her family face the prospect of losing their government benefits for splurging on “high-end consumption.”
The incident has sparked massive debate across Chinese social media over whether those receiving benefits are also entitled to small luxuries. It’s also a reminder of the staggering extent of the Chinese government’s surveillance system, one turbocharged by advances in AI and the embrace of digital payments.
The story first surfaced in a post on popular site Red Note in early September by a user who said they were the young woman’s cousin.
The woman, surnamed Huang, had “worked hard doing manual labor and saved up from the subsidies” to pay for the concert ticket and expenses of traveling to Hong Kong, around 235 miles (380 kilometers) from her home in Jiangxi province, the post said.
#hong #family #government #benefits
It was a trip that Beijing’s vast surveillance apparatus didn’t miss. Now her family face the prospect of losing their government benefits for splurging on “high-end consumption.”
The incident has sparked massive debate across Chinese social media over whether those receiving benefits are also entitled to small luxuries. It’s also a reminder of the staggering extent of the Chinese government’s surveillance system, one turbocharged by advances in AI and the embrace of digital payments.
The story first surfaced in a post on popular site Red Note in early September by a user who said they were the young woman’s cousin.
The woman, surnamed Huang, had “worked hard doing manual labor and saved up from the subsidies” to pay for the concert ticket and expenses of traveling to Hong Kong, around 235 miles (380 kilometers) from her home in Jiangxi province, the post said.
#hong #family #government #benefits
19 days ago
ARCC yields nearly 10% with 17 years of stable dividends, while VICI's 7% yield comes with 100% occupancy and 40-year inflation-linked leases.
Pfizer yields 6% at a forward P/E of 10, delivering five straight EPS beats while prioritizing its dividend over buybacks in 2026.
Roth IRA placement turbocharges all four picks since their distributions are taxed as ordinary income in taxable accounts.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Altria didn't make the cut. Enter your email to see the names that beat MO. The report is free. Enter your email and see if any of your stocks made the cut.
Roth IRAs let dividends compound tax-free forever, which makes them the ideal wrapper for names that spit out ordinary-income distributions taxed at your marginal rate outside the account. The four below yield well above the S&P 500 average, and each brings a different flavor of durable cash flow: a business development company, a gaming net-lease REIT, a tobacco cash machine, and a large-cap pharma. As one reference point, Ares Capital (NASDAQ:ARCC) alone reports $1.92 in annualized dividends per share, a payout policy backed by 17 years of stable or increasing regular quarterly dividends.
#dividends #arcc #four
Pfizer yields 6% at a forward P/E of 10, delivering five straight EPS beats while prioritizing its dividend over buybacks in 2026.
Roth IRA placement turbocharges all four picks since their distributions are taxed as ordinary income in taxable accounts.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Altria didn't make the cut. Enter your email to see the names that beat MO. The report is free. Enter your email and see if any of your stocks made the cut.
Roth IRAs let dividends compound tax-free forever, which makes them the ideal wrapper for names that spit out ordinary-income distributions taxed at your marginal rate outside the account. The four below yield well above the S&P 500 average, and each brings a different flavor of durable cash flow: a business development company, a gaming net-lease REIT, a tobacco cash machine, and a large-cap pharma. As one reference point, Ares Capital (NASDAQ:ARCC) alone reports $1.92 in annualized dividends per share, a payout policy backed by 17 years of stable or increasing regular quarterly dividends.
#dividends #arcc #four
19 days ago
Costco has raised the price of its Kirkland Signature full-synthetic motor oil and begun limiting how much any one member can purchase, as a global lubricant shortage tied to the ongoing Middle East conflict pushes crude oil toward $100 a barrel.
That 10-quart case — two 5-quart bottles, enough for a typical V6 or V8 oil change — has jumped to $57.99, compared with the roughly $30 price members had grown accustomed to paying, according to The Drive. Stores are capping purchases at two units per customer per week. The retailer has also imposed a five-per-member limit on Mobil 1, with six quarts of that brand running $44.
The rationing reflects pressure from multiple directions. The connection to fuel prices runs through the refinery: base oil shares its crude-oil origins with gasoline and diesel, so when margins on finished fuel are strong, refiners have a financial reason to favor fuel production over lubricant stock, according to The Auto Wire. EIA data showed the gasoline crack spread sitting roughly a dollar per gallon higher than where it stood at the same point in 2025, a gap that has squeezed base oil availability and pushed its price upward.
Regulatory and licensing costs add a separate layer of expense. The Kirkland 5W-30 displays the dexos1 Gen 3 certification, GM's proprietary specification, and earning that mark is not free — manufacturers must put their formulation through GM's independent testing protocol and obtain a license from the automaker, paying separately for each product and each unit sold, according to The Auto Wire. Layered on top of that is an industry-wide burden: when the API SP category took effect around 2020, it introduced seven additional laboratory tests with no equivalent in the previous standard, among them a procedure targeting low-speed pre-ignition, the knock-like detonation problem **** ociated with modern turbocharged, direct-injection engines.
The supply squeeze is unfolding against a backdrop of a worsening global oil deficit. The International Energy Agency cut its 2026 global oil supply forecast to 102 million barrels per day in August, projecting a deficit of 1.8 million barrels per day in the third quarter — more than double its prior estimate. **** ulative global inventory draws since the start of the U.S.-Iran conflict have reached more than 500 million barrels, and Chevron CEO Mike Wirth said last week that the cushions that had softened earlier price increases have been exhausted. U.S. diesel prices crossed $6 per gallon for the first time, sitting at $6.06 as of Monday, an 8-cent increase from Sunday and 21 cents above week-earlier levels, according to AAA.
#barrels #wire
That 10-quart case — two 5-quart bottles, enough for a typical V6 or V8 oil change — has jumped to $57.99, compared with the roughly $30 price members had grown accustomed to paying, according to The Drive. Stores are capping purchases at two units per customer per week. The retailer has also imposed a five-per-member limit on Mobil 1, with six quarts of that brand running $44.
The rationing reflects pressure from multiple directions. The connection to fuel prices runs through the refinery: base oil shares its crude-oil origins with gasoline and diesel, so when margins on finished fuel are strong, refiners have a financial reason to favor fuel production over lubricant stock, according to The Auto Wire. EIA data showed the gasoline crack spread sitting roughly a dollar per gallon higher than where it stood at the same point in 2025, a gap that has squeezed base oil availability and pushed its price upward.
Regulatory and licensing costs add a separate layer of expense. The Kirkland 5W-30 displays the dexos1 Gen 3 certification, GM's proprietary specification, and earning that mark is not free — manufacturers must put their formulation through GM's independent testing protocol and obtain a license from the automaker, paying separately for each product and each unit sold, according to The Auto Wire. Layered on top of that is an industry-wide burden: when the API SP category took effect around 2020, it introduced seven additional laboratory tests with no equivalent in the previous standard, among them a procedure targeting low-speed pre-ignition, the knock-like detonation problem **** ociated with modern turbocharged, direct-injection engines.
The supply squeeze is unfolding against a backdrop of a worsening global oil deficit. The International Energy Agency cut its 2026 global oil supply forecast to 102 million barrels per day in August, projecting a deficit of 1.8 million barrels per day in the third quarter — more than double its prior estimate. **** ulative global inventory draws since the start of the U.S.-Iran conflict have reached more than 500 million barrels, and Chevron CEO Mike Wirth said last week that the cushions that had softened earlier price increases have been exhausted. U.S. diesel prices crossed $6 per gallon for the first time, sitting at $6.06 as of Monday, an 8-cent increase from Sunday and 21 cents above week-earlier levels, according to AAA.
#barrels #wire
24 days ago
Harbor Funds, an investment management company, released its Q2 2026 investor letter for "Harbor Mid Cap Value Fund". The letter can be downloaded here. Global equities experienced a sharp rally in Q2 2026, with the S&P 500 returning 15.2%, its strongest quarter since 2020, driven by a shift from software to hardware in the Artificial Intelligence capital spending cycle. Small caps outperformed large caps, with the Russell 2000® gaining 21.5% compared to the Russell 1000's 15.1%. Growth stocks led within large caps, while Information Technology rose about 33%, contributing significantly to the S&P 500's return. The Harbor Mid Cap Value Fund returned 13.99%, outperforming its benchmark, the Russell Midcap Value Index. Strong stock selection in Consumer Discretionary, Real Estate, and Financials contributed positively, although an underweight in Information Technology negatively impacted results. Despite ongoing economic uncertainties, the investment philosophy remains committed to a disciplined value approach. Check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted Garrett Motion Inc. (NASDAQ:GTX) as a material contributor to performance. Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On September 04, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -3.58%, and its shares gained 111.73% over the past 52 weeks. Garrett Motion Inc. has a market capitalization of $4.97 billion.
Harbor Mid Cap Value Fund stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"The top contributors in the second quarter included three Information Technology holdings, as well as Garrett Motion Inc. (NASDAQ:GTX) in the Consumer Discretionary sector and State Street in Financials. Garrett Motion was up nearly 100% after a strong first quarter earnings report significantly exceeded ***** ysts' expectations and provided improved guidance going forward. The company has continued to generate good cash flow and buys back stock aggressively."
Garrett Motion Inc. (NASDAQ:GTX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 49 hedge fund portfolios held Garrett Motion Inc. (NASDAQ:GTX) at the end of the second quarter, up from 46 in the previous quarter. While we acknowledge the potential of Garrett Motion Inc. (NASDAQ:GTX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#garrett #fund
In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted Garrett Motion Inc. (NASDAQ:GTX) as a material contributor to performance. Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On September 04, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -3.58%, and its shares gained 111.73% over the past 52 weeks. Garrett Motion Inc. has a market capitalization of $4.97 billion.
Harbor Mid Cap Value Fund stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"The top contributors in the second quarter included three Information Technology holdings, as well as Garrett Motion Inc. (NASDAQ:GTX) in the Consumer Discretionary sector and State Street in Financials. Garrett Motion was up nearly 100% after a strong first quarter earnings report significantly exceeded ***** ysts' expectations and provided improved guidance going forward. The company has continued to generate good cash flow and buys back stock aggressively."
Garrett Motion Inc. (NASDAQ:GTX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 49 hedge fund portfolios held Garrett Motion Inc. (NASDAQ:GTX) at the end of the second quarter, up from 46 in the previous quarter. While we acknowledge the potential of Garrett Motion Inc. (NASDAQ:GTX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#garrett #fund
25 days ago
Elon Musk's estranged eldest daughter Vivian Wilson is front and centre in a bold anti-AI campaign for Spanish fashion label Desigual.
The campaign, helmed by directing trio PSG (made up of Yukihiro 'Sho' Shoda, Pau López and Gerardo del Hierro - formerly known as TURBO), sees the transgender model, acitvist and social media personality take a stand against artificial intelligence.
Illustrating the campaign's ****** le, 'Born to Disobey', one clip sees the 22-year-old using a robot as a golf tee, walking it like a dog on a leash, and trying to teach it to say "Desigual". Throughout, the robot malfunctions, leading Vivian to the conclusion: "Some things aren't meant to be fixed."
Per a press release, the campaign aims to "send a clear message: the greatest rebellion is no longer about fighting against the system but about refusing to be part of it. When everything invites you to obey, the answer is attitude, irony and the freedom to be yourself."
Wilson told People that it was important to her to take a stance on the impact of AI on the fashion industry "because it takes jobs away from talented creatives while being detrimental for the environment."
#wilson
The campaign, helmed by directing trio PSG (made up of Yukihiro 'Sho' Shoda, Pau López and Gerardo del Hierro - formerly known as TURBO), sees the transgender model, acitvist and social media personality take a stand against artificial intelligence.
Illustrating the campaign's ****** le, 'Born to Disobey', one clip sees the 22-year-old using a robot as a golf tee, walking it like a dog on a leash, and trying to teach it to say "Desigual". Throughout, the robot malfunctions, leading Vivian to the conclusion: "Some things aren't meant to be fixed."
Per a press release, the campaign aims to "send a clear message: the greatest rebellion is no longer about fighting against the system but about refusing to be part of it. When everything invites you to obey, the answer is attitude, irony and the freedom to be yourself."
Wilson told People that it was important to her to take a stance on the impact of AI on the fashion industry "because it takes jobs away from talented creatives while being detrimental for the environment."
#wilson
30 days ago
Lewis Hamilton just brought the Monza paddock to an absolute standstill by arriving for Thursday's media day behind the wheel of his freshly restored Ferrari F40. Ahead of the 2026 Italian Grand Prix, the seven-time world champion proved exactly why he is F1's ultimate style icon, blending a rare piece of automotive history with a perfectly tailored vintage aesthetic.
The viral video captures the sheer aura of the moment as Hamilton pulls the iconic wedge-shaped supercar into the paddock, sporting a custom "44" license plate on the front ****** per.
While the screaming twin-turbo V8 engine was enough to draw a massive crowd of photographers and paddock personnel, Hamilton's exit from the car was pure cinematic perfection.
Stepping out of the low-slung bucket seats, Hamilton delivered a masterclass in vintage styling. The Scuderia driver emerged wearing a crisp black suit and tie, a black Kangol beret, and vintage shades, all layered under a heavy, tan overcoat draped over his shoulders. Clutching a leather briefcase, he paused to secure the F40's lightweight door before effortlessly striding through the sea of flashing cameras.
But this wasn't just a PR stunt using a random museum piece; this F40 is a deeply personal project for the Formula 1 legend.
#hamilton #lewis #Ferrari #ahead
The viral video captures the sheer aura of the moment as Hamilton pulls the iconic wedge-shaped supercar into the paddock, sporting a custom "44" license plate on the front ****** per.
While the screaming twin-turbo V8 engine was enough to draw a massive crowd of photographers and paddock personnel, Hamilton's exit from the car was pure cinematic perfection.
Stepping out of the low-slung bucket seats, Hamilton delivered a masterclass in vintage styling. The Scuderia driver emerged wearing a crisp black suit and tie, a black Kangol beret, and vintage shades, all layered under a heavy, tan overcoat draped over his shoulders. Clutching a leather briefcase, he paused to secure the F40's lightweight door before effortlessly striding through the sea of flashing cameras.
But this wasn't just a PR stunt using a random museum piece; this F40 is a deeply personal project for the Formula 1 legend.
#hamilton #lewis #Ferrari #ahead
1 month ago
Costco did not even sell merchandise on its website until 1998, and in those days, the selection was very limited.
Sure, Costco Travel lived there, but the website was more about advertising ancillary services such as TurboTax access than about selling anything to members.
In recent years, however, Costco has offered a greatly expanded selection, and it allows members to use Instacart and Shipt to order select items directly from its warehouses.
It had also been building on that with its digital-only program, Costco Next, which lets members access items the warehouse club does not stock. It's not a new service; it has technically been around since 2017. But Costco does not promote the offering, and it's something I, and many other members, did not know about.
Now, that service has been shut down with no notice.
#website #selection #travel
Sure, Costco Travel lived there, but the website was more about advertising ancillary services such as TurboTax access than about selling anything to members.
In recent years, however, Costco has offered a greatly expanded selection, and it allows members to use Instacart and Shipt to order select items directly from its warehouses.
It had also been building on that with its digital-only program, Costco Next, which lets members access items the warehouse club does not stock. It's not a new service; it has technically been around since 2017. But Costco does not promote the offering, and it's something I, and many other members, did not know about.
Now, that service has been shut down with no notice.
#website #selection #travel
1 month ago
Costco did not even sell merchandise on its website until 1998, and, in those days, the selection was very limited.
Sure, Costco Travel lived there, but the website was more about advertising ancillary services, like TurboTax access than selling anything to members
In recent years, however, Costco has a greatly expanded selection, and it allows members to use Instacart and Shipt to order select items directly from its warehouses.
It had also been building on that with its digital-only program, Costco Next, which lets members access items the warehouse club does not stock. It's not a new service; it has technically been around since 2017. But Costco does not promote the offering, and it's something I, and many other members, did not know about.
Now, that service has been shut down with no notice.
#service
Sure, Costco Travel lived there, but the website was more about advertising ancillary services, like TurboTax access than selling anything to members
In recent years, however, Costco has a greatly expanded selection, and it allows members to use Instacart and Shipt to order select items directly from its warehouses.
It had also been building on that with its digital-only program, Costco Next, which lets members access items the warehouse club does not stock. It's not a new service; it has technically been around since 2017. But Costco does not promote the offering, and it's something I, and many other members, did not know about.
Now, that service has been shut down with no notice.
#service
1 month ago
Brennan **** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#tigo #asset #letter #market
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#tigo #asset #letter #market
1 month ago
Brennan ***** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan ***** et Management highlighted Garrett Motion Inc. (NASDAQ:GTX). Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On August 28, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -12.70%, and its shares gained 105.66% over the past 52 weeks. Garrett Motion Inc. (NASDAQ:GTX) has a market capitalization of $4.97 billion.
Brennan ***** et Management stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"TIGO and Garrett Motion Inc. (NASDAQ:GTX) operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#asset
In its second-quarter 2026 investor letter, Brennan ***** et Management highlighted Garrett Motion Inc. (NASDAQ:GTX). Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On August 28, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -12.70%, and its shares gained 105.66% over the past 52 weeks. Garrett Motion Inc. (NASDAQ:GTX) has a market capitalization of $4.97 billion.
Brennan ***** et Management stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"TIGO and Garrett Motion Inc. (NASDAQ:GTX) operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#asset
1 month ago
Joey King's Practical Magic 2 LA premiere look wasn't just about the dramatic Ilya Mingmoon gown. Her softly textured waves were created by celebrity hairstylist Rena Calhoun, who took inspiration from Victorian and Pre-Raphaelite hair to complement the romantic, slightly eerie mood of the look.
Calhoun used HONEYQUE throughout the process, with maintaining Joey's hair health a priority midway through a press tour that has required near-daily heat styling.
"I first prepped her hair with the HONEYQUE Deep Repair Moisturizing Shampoo + Hair Treatment. Joey is about midway through press, and with her hair being heat-styled almost every day, maintaining its health and integrity is key. The combination of Manuka honey and proteins helps moisturise, repair and strengthen while keeping the hair soft, airy and lightweight," Calhoun explained.
After towel-drying, she applied the HONEYQUE Deep Repair Honey + Protein Hair Mist to damp hair for hydration and heat protection.
Rather than creating perfectly uniform waves, Calhoun wanted to retain Joey's natural texture. Flat-setting clips were placed around the front to sculpt the hair around her face, while the rest was diffused with an Ion Luxe Turbosonic Hair Dryer.
#look
Calhoun used HONEYQUE throughout the process, with maintaining Joey's hair health a priority midway through a press tour that has required near-daily heat styling.
"I first prepped her hair with the HONEYQUE Deep Repair Moisturizing Shampoo + Hair Treatment. Joey is about midway through press, and with her hair being heat-styled almost every day, maintaining its health and integrity is key. The combination of Manuka honey and proteins helps moisturise, repair and strengthen while keeping the hair soft, airy and lightweight," Calhoun explained.
After towel-drying, she applied the HONEYQUE Deep Repair Honey + Protein Hair Mist to damp hair for hydration and heat protection.
Rather than creating perfectly uniform waves, Calhoun wanted to retain Joey's natural texture. Flat-setting clips were placed around the front to sculpt the hair around her face, while the rest was diffused with an Ion Luxe Turbosonic Hair Dryer.
#look
1 month ago
The Kansas City Fed's annual gathering of central bankers, economists, and academics kicked off on Thursday in Jackson Hole, Wyo. The stakes are high for new Fed Chairman Kevin Warsh — and for markets.
In the closely watched speech Friday, Warsh said inflation is running too high and should be the focus for the central bank, while laying out a strong ****** sment of the economy for the first time. But he held to his pledge not to provide forward guidance.
"We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do," Warsh said in his first speech as chairman in Jackson Hole, Wyo. "It is the Fed's job to deliver stable prices."
Markets are likely to put a great deal of emphasis on Warsh's words as they remain on edge after a bond sell-off earlier this month. A subsequent Treasury intervention has raised questions about whether the market can tighten financial conditions in place of the Fed. Following the speech Friday morning, 55% of bond traders expect the Fed to raise rates at its September meeting, a jump from roughly a third on Thursday.
Federal Reserve Chairman Kevin Warsh suggested Friday that artificial intelligence could turbocharge the economy and that the central bank is closely monitoring its impact.
#thursday
In the closely watched speech Friday, Warsh said inflation is running too high and should be the focus for the central bank, while laying out a strong ****** sment of the economy for the first time. But he held to his pledge not to provide forward guidance.
"We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do," Warsh said in his first speech as chairman in Jackson Hole, Wyo. "It is the Fed's job to deliver stable prices."
Markets are likely to put a great deal of emphasis on Warsh's words as they remain on edge after a bond sell-off earlier this month. A subsequent Treasury intervention has raised questions about whether the market can tighten financial conditions in place of the Fed. Following the speech Friday morning, 55% of bond traders expect the Fed to raise rates at its September meeting, a jump from roughly a third on Thursday.
Federal Reserve Chairman Kevin Warsh suggested Friday that artificial intelligence could turbocharge the economy and that the central bank is closely monitoring its impact.
#thursday
1 month ago
Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost 44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion.
SGA Global Growth Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We liquidated our position in Intuit Inc. (NASDAQ:INTU) during the quarter. Following the company's fiscal third quarter results, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. As a result, we exited the position and reallocated the capital to a new position in Arista Networks.
Intuit was a detractor from performance during the quarter. The company reported fiscal third quarter results that included a modest revenue beat and a full-year guidance increase, though results were overshadowed by weaker than expected Consumer Tax performance. TurboTax revenue grew 7%, below guidance, with notable weakness in the DIY segment. Management cited pressure among lower income, price sensitive filers and a contraction in total IRS filers of roughly 30 basis points. Despite double-digit revenue growth and ongoing margin expansion above 40%, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. Given these factors, we chose to exit the position and
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost 44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion.
SGA Global Growth Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We liquidated our position in Intuit Inc. (NASDAQ:INTU) during the quarter. Following the company's fiscal third quarter results, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. As a result, we exited the position and reallocated the capital to a new position in Arista Networks.
Intuit was a detractor from performance during the quarter. The company reported fiscal third quarter results that included a modest revenue beat and a full-year guidance increase, though results were overshadowed by weaker than expected Consumer Tax performance. TurboTax revenue grew 7%, below guidance, with notable weakness in the DIY segment. Management cited pressure among lower income, price sensitive filers and a contraction in total IRS filers of roughly 30 basis points. Despite double-digit revenue growth and ongoing margin expansion above 40%, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. Given these factors, we chose to exit the position and
1 month ago
Guinness Global Innovators, an investment management company, recently released its Q2 2026 quarterly investor update for its "Guinness Global Innovators Fund". You can download the letter here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In the second quarter of 2026, the Guinness Global Innovators Fund returned 13.8% in GBP, compared with 13.0% for the MSCI World Index and 13.1% for the IA Global sector average. Easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence helped reverse much of the caution seen earlier in the year, with investors rotating back toward growth stocks and AI infrastructure beneficiaries. The Fund benefited from its overweight position in the Information Technology sector, while its overweight position in Communication Services detracted. Avoiding weaker Utilities, Materials, and Energy also supported relative performance. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost -44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion with a 52-week trading range between $252.84 - $705.08.
Guinness Global Innovators Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We initially bought Intuit Inc. (NASDAQ:INTU) for its market-leading position in mission-critical tax and accounting software, a deeply embedded QuickBooks platform with significant switching costs, and a strong consumer brand in TurboTax. QuickBooks' c.80% market share, high customer retention and accountant-led distribution created a durable competitive advantage, while Intuit's expanding ecosystem across payments, payroll, lending, Mailchimp, and tax services provided a clear runway for long-term growth and further monetisation. Toward the end of 2025 and in early 2026, markets became increasingly concerned with the 'Saaspocalypse', the implications of AI disruption of the software sector, causing sentiment on the stock to sour. While Intuit continued to deliver resilient results overall, its most recent earnings print changed the thesis for us. Revenue and earnings were modestly ahead of consensus, but the quarter was overshadowed by disappointing TurboTax performance, where revenue growth of 7% fell short of expectations (c.8%) and paid DIY returns declined sharply, particularly among price-sensitive, lower-income filers. This reignited concerns that Intuit's pricing power
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost -44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion with a 52-week trading range between $252.84 - $705.08.
Guinness Global Innovators Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We initially bought Intuit Inc. (NASDAQ:INTU) for its market-leading position in mission-critical tax and accounting software, a deeply embedded QuickBooks platform with significant switching costs, and a strong consumer brand in TurboTax. QuickBooks' c.80% market share, high customer retention and accountant-led distribution created a durable competitive advantage, while Intuit's expanding ecosystem across payments, payroll, lending, Mailchimp, and tax services provided a clear runway for long-term growth and further monetisation. Toward the end of 2025 and in early 2026, markets became increasingly concerned with the 'Saaspocalypse', the implications of AI disruption of the software sector, causing sentiment on the stock to sour. While Intuit continued to deliver resilient results overall, its most recent earnings print changed the thesis for us. Revenue and earnings were modestly ahead of consensus, but the quarter was overshadowed by disappointing TurboTax performance, where revenue growth of 7% fell short of expectations (c.8%) and paid DIY returns declined sharply, particularly among price-sensitive, lower-income filers. This reignited concerns that Intuit's pricing power
1 month ago
Cerebras Systems (CBRS) is giving investors another reason to pay attention to its ambitions in the rapidly expanding artificial intelligence (AI) accelerator market. On Aug. 18, the company unveiled its new CS-4 rack-scale platform, which it says can deliver up to 30 times faster AI inference than comparable GPU-based systems. Built around three new WSE-3 Turbo processors, CS-4 delivers 750 petaflops of AI compute, 7.2 terabits per second of I/O bandwidth, and 129.6 petabytes per second of memory bandwidth.
The launch comes at a critical time for Cerebras. The company is seeking to establish itself as a credible alternative to Nvidia (NVDA) in AI inference, where demand is rising as businesses deploy increasingly sophisticated generative AI and agentic applications. Cerebras says CS-4 can support models exceeding 50 trillion parameters and reduce wafer-to-wafer latency to as little as two microseconds, potentially giving customers a significant speed advantage for latency-sensitive workloads.
Soros Fund Management Opened a New Position in Nebius During Q2. What This Means for NBIS Stock.
Ahead of Nvidia Earnings, Here's What Barchart Data Says Comes Next for NVDA Stock
Nvidia Earnings, Jackson Hole and Other Key Things to Watch this Week
#earnings
The launch comes at a critical time for Cerebras. The company is seeking to establish itself as a credible alternative to Nvidia (NVDA) in AI inference, where demand is rising as businesses deploy increasingly sophisticated generative AI and agentic applications. Cerebras says CS-4 can support models exceeding 50 trillion parameters and reduce wafer-to-wafer latency to as little as two microseconds, potentially giving customers a significant speed advantage for latency-sensitive workloads.
Soros Fund Management Opened a New Position in Nebius During Q2. What This Means for NBIS Stock.
Ahead of Nvidia Earnings, Here's What Barchart Data Says Comes Next for NVDA Stock
Nvidia Earnings, Jackson Hole and Other Key Things to Watch this Week
#earnings
1 month ago
Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost 44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion.
SGA Global Growth Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We liquidated our position in Intuit Inc. (NASDAQ:INTU) during the quarter. Following the company's fiscal third quarter results, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. As a result, we exited the position and reallocated the capital to a new position in Arista Networks.
Intuit was a detractor from performance during the quarter. The company reported fiscal third quarter results that included a modest revenue beat and a full-year guidance increase, though results were overshadowed by weaker than expected Consumer Tax performance. TurboTax revenue grew 7%, below guidance, with notable weakness in the DIY segment. Management cited pressure among lower income, price sensitive filers and a contraction in total IRS filers of roughly 30 basis points. Despite double-digit revenue growth and ongoing margin expansion above 40%, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. Given these factors, we chose to exit the position and
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost 44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion.
SGA Global Growth Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We liquidated our position in Intuit Inc. (NASDAQ:INTU) during the quarter. Following the company's fiscal third quarter results, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. As a result, we exited the position and reallocated the capital to a new position in Arista Networks.
Intuit was a detractor from performance during the quarter. The company reported fiscal third quarter results that included a modest revenue beat and a full-year guidance increase, though results were overshadowed by weaker than expected Consumer Tax performance. TurboTax revenue grew 7%, below guidance, with notable weakness in the DIY segment. Management cited pressure among lower income, price sensitive filers and a contraction in total IRS filers of roughly 30 basis points. Despite double-digit revenue growth and ongoing margin expansion above 40%, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. Given these factors, we chose to exit the position and
1 month ago
Guinness Global Innovators, an investment management company, recently released its Q2 2026 quarterly investor update for its "Guinness Global Innovators Fund". You can download the letter here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In the second quarter of 2026, the Guinness Global Innovators Fund returned 13.8% in GBP, compared with 13.0% for the MSCI World Index and 13.1% for the IA Global sector average. Easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence helped reverse much of the caution seen earlier in the year, with investors rotating back toward growth stocks and AI infrastructure beneficiaries. The Fund benefited from its overweight position in the Information Technology sector, while its overweight position in Communication Services detracted. Avoiding weaker Utilities, Materials, and Energy also supported relative performance. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost -44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion with a 52-week trading range between $252.84 - $705.08.
Guinness Global Innovators Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We initially bought Intuit Inc. (NASDAQ:INTU) for its market-leading position in mission-critical tax and accounting software, a deeply embedded QuickBooks platform with significant switching costs, and a strong consumer brand in TurboTax. QuickBooks' c.80% market share, high customer retention and accountant-led distribution created a durable competitive advantage, while Intuit's expanding ecosystem across payments, payroll, lending, Mailchimp, and tax services provided a clear runway for long-term growth and further monetisation. Toward the end of 2025 and in early 2026, markets became increasingly concerned with the 'Saaspocalypse', the implications of AI disruption of the software sector, causing sentiment on the stock to sour. While Intuit continued to deliver resilient results overall, its most recent earnings print changed the thesis for us. Revenue and earnings were modestly ahead of consensus, but the quarter was overshadowed by disappointing TurboTax performance, where revenue growth of 7% fell short of expectations (c.8%) and paid DIY returns declined sharply, particularly among price-sensitive, lower-income filers. This reignited concerns that Intuit's pricing power
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost -44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion with a 52-week trading range between $252.84 - $705.08.
Guinness Global Innovators Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We initially bought Intuit Inc. (NASDAQ:INTU) for its market-leading position in mission-critical tax and accounting software, a deeply embedded QuickBooks platform with significant switching costs, and a strong consumer brand in TurboTax. QuickBooks' c.80% market share, high customer retention and accountant-led distribution created a durable competitive advantage, while Intuit's expanding ecosystem across payments, payroll, lending, Mailchimp, and tax services provided a clear runway for long-term growth and further monetisation. Toward the end of 2025 and in early 2026, markets became increasingly concerned with the 'Saaspocalypse', the implications of AI disruption of the software sector, causing sentiment on the stock to sour. While Intuit continued to deliver resilient results overall, its most recent earnings print changed the thesis for us. Revenue and earnings were modestly ahead of consensus, but the quarter was overshadowed by disappointing TurboTax performance, where revenue growth of 7% fell short of expectations (c.8%) and paid DIY returns declined sharply, particularly among price-sensitive, lower-income filers. This reignited concerns that Intuit's pricing power
1 month ago
Mercedes has officially decided its championship leader Kimi Antonelli will start from the back of the grid at the upcoming Italian Grand Prix after it decided to give the Italian a new power unit, exceeding his allowance for the year.
Drivers are allowed to use up to four power units for the season, but Mercedes' reliability woes over the first half of the campaign meant it has always been a question of when, not if, its drivers were going to exceed that allowance and take a grid penalty. Antonelli is currently already at the limit with his V6 and exhaust system, while Russell has no more room for either a combustion engine or turbocharger.
Antonelli had been in line for a grid drop at his home race in Monza in two weeks' time, and Mercedes has now officially confirmed it will change the ******* le favourite's engine. The 19-year-old is set for a full power unit switch, which sets him up for a back-of-the-grid start.
"With Kimi we are taking the full thing," Wolff confirmed, dismissing the notion that Mercedes could have been tempted to take into account Monza being Antonelli's home race.
"In theory, our calculations say that that's the best track to take it. Obviously, our algorithms don't take nationality into consideration. But we are here to fight for a championship and not get the most PR. So, that's what we are going to do."
#officially
Drivers are allowed to use up to four power units for the season, but Mercedes' reliability woes over the first half of the campaign meant it has always been a question of when, not if, its drivers were going to exceed that allowance and take a grid penalty. Antonelli is currently already at the limit with his V6 and exhaust system, while Russell has no more room for either a combustion engine or turbocharger.
Antonelli had been in line for a grid drop at his home race in Monza in two weeks' time, and Mercedes has now officially confirmed it will change the ******* le favourite's engine. The 19-year-old is set for a full power unit switch, which sets him up for a back-of-the-grid start.
"With Kimi we are taking the full thing," Wolff confirmed, dismissing the notion that Mercedes could have been tempted to take into account Monza being Antonelli's home race.
"In theory, our calculations say that that's the best track to take it. Obviously, our algorithms don't take nationality into consideration. But we are here to fight for a championship and not get the most PR. So, that's what we are going to do."
#officially
1 month ago
Indycar takes to the streets around Washington, DC. (Photo by Chris Graythen/Getty Images)
First things first. I am a car enthusiast, a motor racing fan and an active race competitor, having competed in the Nurburgring 24-hours in Germany and countless other domestic races in ****** an over the last 25 years. I've also been to watch numerous F1 races, the 24-Hours of Le Mans, the Indy 500, World Rally Championship events in the middle of nowhere, and even street F1 races from Monaco to Melbourne. So yes, I love cars and racing. But what President Trump did last weekend by staging his Freedom 250 IndyCar Grand Prix race in Washington DC was, well, let's just call it excessive, disruptive, inappropriate and tone-deaf.
Over the weekend, the distinct, ear-splitting whine of 2.2-liter twin-turbocharged V6 engines echoed off the marble facades of federal buildings as IndyCar made its highly controversial debut on the streets of the nation's capital.
The event, billed as the "Washington Grand Prix," saw open-wheel Indy race cars speeding at over 150 mph down Pennsylvania Avenue, transforming the historic corridor between the U.S. Capitol and the White House into a 1.7-mile long temporary, high-octane racetrack. The narrow, angular cars blasted past the US Capitol, made sharp turns around the National Archives, and pass the Smithsonian Air and ****** e Museum for a total of 147 laps, a number which equals a race distance of 250-miles. Yes, you guessed it. That 250 number had to relate to the nation's 250th anniversary celebration.
Penske Corporation CEO Roger Penske (R) and IndyCar series champion Alex Palou (L) presents U.S. President Donald Trump (C) with a race helmet during a Freedom 250 Grand Prix showcase in Washington, DC. (Photo by Andrew Harnik/Getty Images)
#washington #grand #races #images
First things first. I am a car enthusiast, a motor racing fan and an active race competitor, having competed in the Nurburgring 24-hours in Germany and countless other domestic races in ****** an over the last 25 years. I've also been to watch numerous F1 races, the 24-Hours of Le Mans, the Indy 500, World Rally Championship events in the middle of nowhere, and even street F1 races from Monaco to Melbourne. So yes, I love cars and racing. But what President Trump did last weekend by staging his Freedom 250 IndyCar Grand Prix race in Washington DC was, well, let's just call it excessive, disruptive, inappropriate and tone-deaf.
Over the weekend, the distinct, ear-splitting whine of 2.2-liter twin-turbocharged V6 engines echoed off the marble facades of federal buildings as IndyCar made its highly controversial debut on the streets of the nation's capital.
The event, billed as the "Washington Grand Prix," saw open-wheel Indy race cars speeding at over 150 mph down Pennsylvania Avenue, transforming the historic corridor between the U.S. Capitol and the White House into a 1.7-mile long temporary, high-octane racetrack. The narrow, angular cars blasted past the US Capitol, made sharp turns around the National Archives, and pass the Smithsonian Air and ****** e Museum for a total of 147 laps, a number which equals a race distance of 250-miles. Yes, you guessed it. That 250 number had to relate to the nation's 250th anniversary celebration.
Penske Corporation CEO Roger Penske (R) and IndyCar series champion Alex Palou (L) presents U.S. President Donald Trump (C) with a race helmet during a Freedom 250 Grand Prix showcase in Washington, DC. (Photo by Andrew Harnik/Getty Images)
#washington #grand #races #images
1 month ago
Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ******* umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products. On August 18, 2026, Intuit Inc. (NASDAQ:INTU) closed at $350.41 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was 23.18% and its shares gained -49.88% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $95.85 billion.
Eagle Capital Management stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"Software is controversial due to fears of Al-driven disruption. Al makes it easier to build software and will change workflows in how it is used. We believe there will be heightened competition and greater separation between winners and losers over the coming years. The industry is deservedly trading at a higher risk premium, but within the market there are plenty of mispricings.
Intuit Inc.'s (NASDAQ:INTU) QuickBooks, the dominant bookkeeping software for small and midsize businesses in the U.S., exists in a market that is difficult to serve profitably, given the low average selling price. Intuit's brand, scale, and network effect through the accountant channel give it formidable competitive advantages. It is well-placed to deliver Al solutions to this hard-to-reach customer. TurboTax, a relatively smaller part of the business, will likely adapt its business model to an Al world, but we have more modest expectations for its growth. We expect EPS growth in the high teens, driven by revenue growth, operating leverage, and share buybacks."
#management
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products. On August 18, 2026, Intuit Inc. (NASDAQ:INTU) closed at $350.41 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was 23.18% and its shares gained -49.88% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $95.85 billion.
Eagle Capital Management stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"Software is controversial due to fears of Al-driven disruption. Al makes it easier to build software and will change workflows in how it is used. We believe there will be heightened competition and greater separation between winners and losers over the coming years. The industry is deservedly trading at a higher risk premium, but within the market there are plenty of mispricings.
Intuit Inc.'s (NASDAQ:INTU) QuickBooks, the dominant bookkeeping software for small and midsize businesses in the U.S., exists in a market that is difficult to serve profitably, given the low average selling price. Intuit's brand, scale, and network effect through the accountant channel give it formidable competitive advantages. It is well-placed to deliver Al solutions to this hard-to-reach customer. TurboTax, a relatively smaller part of the business, will likely adapt its business model to an Al world, but we have more modest expectations for its growth. We expect EPS growth in the high teens, driven by revenue growth, operating leverage, and share buybacks."
#management
1 month ago
Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ****** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products. On August 18, 2026, Intuit Inc. (NASDAQ:INTU) closed at $350.41 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was 23.18% and its shares gained -49.88% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $95.85 billion.
Eagle Capital Management stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"Software is controversial due to fears of Al-driven disruption. Al makes it easier to build software and will change workflows in how it is used. We believe there will be heightened competition and greater separation between winners and losers over the coming years. The industry is deservedly trading at a higher risk premium, but within the market there are plenty of mispricings.
Intuit Inc.'s (NASDAQ:INTU) QuickBooks, the dominant bookkeeping software for small and midsize businesses in the U.S., exists in a market that is difficult to serve profitably, given the low average selling price. Intuit's brand, scale, and network effect through the accountant channel give it formidable competitive advantages. It is well-placed to deliver Al solutions to this hard-to-reach customer. TurboTax, a relatively smaller part of the business, will likely adapt its business model to an Al world, but we have more modest expectations for its growth. We expect EPS growth in the high teens, driven by revenue growth, operating leverage, and share buybacks."
#eagle #management #letter
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products. On August 18, 2026, Intuit Inc. (NASDAQ:INTU) closed at $350.41 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was 23.18% and its shares gained -49.88% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $95.85 billion.
Eagle Capital Management stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"Software is controversial due to fears of Al-driven disruption. Al makes it easier to build software and will change workflows in how it is used. We believe there will be heightened competition and greater separation between winners and losers over the coming years. The industry is deservedly trading at a higher risk premium, but within the market there are plenty of mispricings.
Intuit Inc.'s (NASDAQ:INTU) QuickBooks, the dominant bookkeeping software for small and midsize businesses in the U.S., exists in a market that is difficult to serve profitably, given the low average selling price. Intuit's brand, scale, and network effect through the accountant channel give it formidable competitive advantages. It is well-placed to deliver Al solutions to this hard-to-reach customer. TurboTax, a relatively smaller part of the business, will likely adapt its business model to an Al world, but we have more modest expectations for its growth. We expect EPS growth in the high teens, driven by revenue growth, operating leverage, and share buybacks."
#eagle #management #letter
2 months ago
One of AlexandrePantoja's coaches is excited about the former champ's Octagonreturn.
Nearly eight months after losing his Ultimate Fighting Championship flyweight ******* le to Joshua Vandue to an arm injury in the opening minute of their UFC 323 matchup, Pantoja will have an opportunity to reclaimthe belt when the two meet again in the UFC331 main event on Sept. 19 at Crypto.com Arena in LosAngeles.
According to American Top Team strength and conditioning coach EvertonOliveira, the injury hasn't impeded Pantoja's development.
Pantoja was a dominant champion going into his ******* le defenseagainst Van last year. However, after the challenger caught hiskick, "The Cannibal" used his forearm as a frame while falling tothe canvas. An awkward landing saw Pantoja immediately indicatethat his arm was injured, prompting the referee to step in.
"It was an extremely positive surprise the way Pantoja responded tothe injury," Oliveira told Sherdog. "It was a serious one, but hedidn't have to undergo surgery. The following week, he was alreadydoing physical therapy."
Oliveira believes Pantoja's recovery was going so well that theformer champion could have returned in May if needed.
"Thanks to his dedication and commitment, his recovery wasamazing," Oliveira added. "Let's say that if the UFC had needed himto return in May, he would have been ready."
The coach then emphasized that the additional time away from thecompetition after Pantoja recovered could ultimately benefit theformer 125-pound king.
"Before the injury, during his last camp, he was already goingthrough the best phase of his career," Oliveira said. "This timeaway from training only increased his motivation. I'm excited tosee this Pantoja 2.0 turbo version, with a performance above hisnormal level. He's more mature and at his physical and technicalprime."
#excited #title #coach #champion
Nearly eight months after losing his Ultimate Fighting Championship flyweight ******* le to Joshua Vandue to an arm injury in the opening minute of their UFC 323 matchup, Pantoja will have an opportunity to reclaimthe belt when the two meet again in the UFC331 main event on Sept. 19 at Crypto.com Arena in LosAngeles.
According to American Top Team strength and conditioning coach EvertonOliveira, the injury hasn't impeded Pantoja's development.
Pantoja was a dominant champion going into his ******* le defenseagainst Van last year. However, after the challenger caught hiskick, "The Cannibal" used his forearm as a frame while falling tothe canvas. An awkward landing saw Pantoja immediately indicatethat his arm was injured, prompting the referee to step in.
"It was an extremely positive surprise the way Pantoja responded tothe injury," Oliveira told Sherdog. "It was a serious one, but hedidn't have to undergo surgery. The following week, he was alreadydoing physical therapy."
Oliveira believes Pantoja's recovery was going so well that theformer champion could have returned in May if needed.
"Thanks to his dedication and commitment, his recovery wasamazing," Oliveira added. "Let's say that if the UFC had needed himto return in May, he would have been ready."
The coach then emphasized that the additional time away from thecompetition after Pantoja recovered could ultimately benefit theformer 125-pound king.
"Before the injury, during his last camp, he was already goingthrough the best phase of his career," Oliveira said. "This timeaway from training only increased his motivation. I'm excited tosee this Pantoja 2.0 turbo version, with a performance above hisnormal level. He's more mature and at his physical and technicalprime."
#excited #title #coach #champion
2 months ago
There are things in life that just seem to fit together perfectly. Macaroni and cheese. Thunder and lightning. Arnold Schwarzenegger and tanks.
Long before he was the "Governator" of California, prior to the "Austrian Oak" becoming the world-famous action star he is today, and even before he was winning Mr. Olympia bodybuilding ******* les, Arnold Alois Schwarzenegger was in the Austrian Army learning to drive tanks.
His fascination with the big armored combat vehicle started when he was a child growing up in Thal, Austria. During an interview with Graham Bensinger in 2016, he recalled that the British occupied the region near his home after WWII and routinely drove by his house in big trucks and tanks. Soldiers would jump out and scan the area with their binoculars making sure the coast was clear, then move along.
As the occupying force, these soldiers were trained to reach out to the Austrian community and treat them well so they wouldn't be considered enemies. Schwarzenegger said the British soldiers were always good to the kids. They gave them candy and put them up on top of the tanks so they could play around.
When he joined the Austrian Army at 18, Schwarzenegger naturally wanted to become a tanker. The one he trained in was the 1951 M-47 Patton with an 810-horsepower Chrysler V12 twin-turbo gas engine. According to Arnold, the 50-ton beast is 28 feet long and 11 feet high, and it was initially built for use in the Korean War before it was given to the Austrian Army.
#austrian #british #long
Long before he was the "Governator" of California, prior to the "Austrian Oak" becoming the world-famous action star he is today, and even before he was winning Mr. Olympia bodybuilding ******* les, Arnold Alois Schwarzenegger was in the Austrian Army learning to drive tanks.
His fascination with the big armored combat vehicle started when he was a child growing up in Thal, Austria. During an interview with Graham Bensinger in 2016, he recalled that the British occupied the region near his home after WWII and routinely drove by his house in big trucks and tanks. Soldiers would jump out and scan the area with their binoculars making sure the coast was clear, then move along.
As the occupying force, these soldiers were trained to reach out to the Austrian community and treat them well so they wouldn't be considered enemies. Schwarzenegger said the British soldiers were always good to the kids. They gave them candy and put them up on top of the tanks so they could play around.
When he joined the Austrian Army at 18, Schwarzenegger naturally wanted to become a tanker. The one he trained in was the 1951 M-47 Patton with an 810-horsepower Chrysler V12 twin-turbo gas engine. According to Arnold, the 50-ton beast is 28 feet long and 11 feet high, and it was initially built for use in the Korean War before it was given to the Austrian Army.
#austrian #british #long
2 months ago
Cristiano Ronaldo posted two photos to his personal Instagram account this week captioned simply "My toys," and unlike most athlete garage flexes, the hardware in the frame actually holds up to scrutiny. The images, viewed directly on his verified account, show him perched on the fender of a low red Ferrari inside what looks less like a garage and more like a boutique dealership: polished stone walls, gallery-style track lighting, glass panels overlooking greenery, and cars parked on what appear to be rotating display turntables. It's built to be looked at, so let's actually look at it.
View the original "My toys" post on Cristiano Ronaldo's Instagram
Strip away the sunglasses-and-white-shirt theater and the hardware tells its own story. In the foreground of both shots sits a low, wide Ferrari with a sharply creased nose, integrated splitter, and shield badge consistent with the styling language of Maranello's hybrid hypercar flagship. Parked nose to tail with it is a second Ferrari that has no windshield at all, a dead giveaway for the Monza SP1 or SP2, Ferrari's "Icona" series barchetta. Ferrari's own spec sheet credits the Monza with 810 metric horsepower from a V12 borrowed directly from the 812 Superfast, and a "virtual wind shield" aero channel that redirects airflow over the driver's head instead of putting glass in front of their face.
Wedged in front of both Ferraris is a deep maroon Bugatti wearing the brand's oval "EB" badge and the round quad headlamps that mark it as one of the Veyron-generation cars rather than the sharper-edged Chiron that replaced it in 2016. ******* uming it's the roofless Grand Sport Vitesse the exposed targa panel suggests, that's the variant Bugatti's own press materials credit with a 408.84 km/h (254 mph) top speed set with the roof removed, a record for an open-top production car that stood specifically because Bugatti engineered the Vitesse's structure to stay rigid at that speed without a fixed roof tying the chassis together.
Further back, a black coupe wearing a towering, strut-mounted rear wing lines up with the unmistakable silhouette of a McLaren Senna, the track-focused hypercar McLaren built in a limited run of 500 examples, each hand-assembled over roughly 300 hours. McLaren's own figures put the Senna at 789 horsepower from a 4.0-liter twin-turbo V8, a 335 km/h (208 mph) top speed, and a 2.8-second run to 62 mph, with that enormous wing doing real aerodynamic work rather than just looking angry. A handful of other cars are visible deeper in the frame, including a pale, low-slung shape and a boxier silhouette, but neither is clear enough in the photos to identify with confidence.
#monza #bugatti
View the original "My toys" post on Cristiano Ronaldo's Instagram
Strip away the sunglasses-and-white-shirt theater and the hardware tells its own story. In the foreground of both shots sits a low, wide Ferrari with a sharply creased nose, integrated splitter, and shield badge consistent with the styling language of Maranello's hybrid hypercar flagship. Parked nose to tail with it is a second Ferrari that has no windshield at all, a dead giveaway for the Monza SP1 or SP2, Ferrari's "Icona" series barchetta. Ferrari's own spec sheet credits the Monza with 810 metric horsepower from a V12 borrowed directly from the 812 Superfast, and a "virtual wind shield" aero channel that redirects airflow over the driver's head instead of putting glass in front of their face.
Wedged in front of both Ferraris is a deep maroon Bugatti wearing the brand's oval "EB" badge and the round quad headlamps that mark it as one of the Veyron-generation cars rather than the sharper-edged Chiron that replaced it in 2016. ******* uming it's the roofless Grand Sport Vitesse the exposed targa panel suggests, that's the variant Bugatti's own press materials credit with a 408.84 km/h (254 mph) top speed set with the roof removed, a record for an open-top production car that stood specifically because Bugatti engineered the Vitesse's structure to stay rigid at that speed without a fixed roof tying the chassis together.
Further back, a black coupe wearing a towering, strut-mounted rear wing lines up with the unmistakable silhouette of a McLaren Senna, the track-focused hypercar McLaren built in a limited run of 500 examples, each hand-assembled over roughly 300 hours. McLaren's own figures put the Senna at 789 horsepower from a 4.0-liter twin-turbo V8, a 335 km/h (208 mph) top speed, and a 2.8-second run to 62 mph, with that enormous wing doing real aerodynamic work rather than just looking angry. A handful of other cars are visible deeper in the frame, including a pale, low-slung shape and a boxier silhouette, but neither is clear enough in the photos to identify with confidence.
#monza #bugatti
2 months ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Czechoslovak Group is setting up an advanced propulsion manufacturing facility in Stevens Point, Wisconsin, through its US subsidiary CSE USA and new unit Firecrest Aerospace. The project starts with up to $15 million of investment and is expected to create about 125 skilled jobs over three years. Initial ****** embly should begin within months, with full-scale manufacturing targeted for 2027. The goal is simple. Build small turbojet and turbofan engines closer to US and allied customers, because drones are no longer a side quest in defense.
CSG announced plans to establish a U.S. manufacturing base for advanced propulsion systems in Central Wisconsin.
The project will be developed and operated by Firecrest Aerospace, a wholly owned subsidiary of CSE USA, which is part of CSG. The facility will focus on small turbojet and turbofan engines used in unmanned aircraft systems, precision defense systems, target drones, loitering munitions and other next-generation aerospace applications.
The company expects to invest up to $15 million initially, with further expansion planned. The project is expected to create around 125 skilled jobs over the next three years.
#Manufacturing
Czechoslovak Group is setting up an advanced propulsion manufacturing facility in Stevens Point, Wisconsin, through its US subsidiary CSE USA and new unit Firecrest Aerospace. The project starts with up to $15 million of investment and is expected to create about 125 skilled jobs over three years. Initial ****** embly should begin within months, with full-scale manufacturing targeted for 2027. The goal is simple. Build small turbojet and turbofan engines closer to US and allied customers, because drones are no longer a side quest in defense.
CSG announced plans to establish a U.S. manufacturing base for advanced propulsion systems in Central Wisconsin.
The project will be developed and operated by Firecrest Aerospace, a wholly owned subsidiary of CSE USA, which is part of CSG. The facility will focus on small turbojet and turbofan engines used in unmanned aircraft systems, precision defense systems, target drones, loitering munitions and other next-generation aerospace applications.
The company expects to invest up to $15 million initially, with further expansion planned. The project is expected to create around 125 skilled jobs over the next three years.
#Manufacturing
2 months ago
After a punishing slide, Intuit's stock has landed on a price floor that has launched major rallies before, forcing investors to decide if history is a guide or a trap.
Intuit (INTU), the company behind TurboTax and QuickBooks, has seen its stock fall back to a familiar place. After a -25% return over the last three months, shares now trade inside a price zone between $279.13 and $308.51. More than a simple number on a chart, this is a level where buyers have forcefully stepped in three separate times before, sparking rallies that produced an average peak gain of 66%. History says this is where the selling stops. The question every investor watching this descent must answer is a simple one: will they show up again this time?
The historical precedent is strong. In May 2020, a defense of this level led to a 22% gain over the next 107 days. A test in September of that year produced a 10.6% bounce in just 28 days. The most dramatic defense came in October 2020, which became the launchpad for a huge 164% climb. The past performance at this level is not subtle, which is why the stock's return to it now creates such a palpable standoff.
The Bull Case Rests On A Powerful Pivot To ***** isted Tax
A floor holds or breaks based on the health of the business arriving at it. Intuit lands on this level with several of its key initiatives firing on all cylinders. Management points to its designated growth engines, specifically "Assisted tax, money, portfolio and mid-market," as "all growing north of 30%." This is not a business standing still. The company is executing a deliberate pivot away from its traditional do-it-yourself tax software and into the much larger, more lucrative ***** isted tax preparation market.
#level
Intuit (INTU), the company behind TurboTax and QuickBooks, has seen its stock fall back to a familiar place. After a -25% return over the last three months, shares now trade inside a price zone between $279.13 and $308.51. More than a simple number on a chart, this is a level where buyers have forcefully stepped in three separate times before, sparking rallies that produced an average peak gain of 66%. History says this is where the selling stops. The question every investor watching this descent must answer is a simple one: will they show up again this time?
The historical precedent is strong. In May 2020, a defense of this level led to a 22% gain over the next 107 days. A test in September of that year produced a 10.6% bounce in just 28 days. The most dramatic defense came in October 2020, which became the launchpad for a huge 164% climb. The past performance at this level is not subtle, which is why the stock's return to it now creates such a palpable standoff.
The Bull Case Rests On A Powerful Pivot To ***** isted Tax
A floor holds or breaks based on the health of the business arriving at it. Intuit lands on this level with several of its key initiatives firing on all cylinders. Management points to its designated growth engines, specifically "Assisted tax, money, portfolio and mid-market," as "all growing north of 30%." This is not a business standing still. The company is executing a deliberate pivot away from its traditional do-it-yourself tax software and into the much larger, more lucrative ***** isted tax preparation market.
#level
2 months ago
L1 Capital, an investment management firm, released its "L1 Capital International Fund" (unhedged) second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter discusses the current investment environment as a 'two-speed' but resilient global economy, accompanied by an uncertain future. The letter explores the potential of an AI bubble, distinguishing between strong fundamentals and speculative momentum. Additionally, the market displays a 'narrow' character, marked by high exuberance and ****** ounced over-pessimism. Against this backdrop, the Fund returned +2.6% (net of fees) during the June 2026 quarter, compared to the benchmark return of +12.5% (all in A$). The underperformance was driven more by which investments were not held in the Fund. The Fund remains focused on quality, valuation and the avoidance of permanent capital loss, and believes the portfolio is positioned to deliver attractive risk-adjusted returns for patient investors. In addition, you can check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, L1 Capital International Fund highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) is a financial software company offering products and services for financial management, payments, capital, compliance, and marketing. On July 17, 2026, Intuit Inc. (NASDAQ:INTU) closed at $291.09 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was 12.93%, and its shares lost 61.88% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $79.62 billion.
L1 Capital International Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor update:
"Intuit Inc.'s (NASDAQ:INTU) Q3 2026 quarterly results were moderately below our – and the market's – expectations. The share price fell nearly 40% during the June 2026 quarter. While we consider the market's response excessive, it was not without reason. Intuit operates a number of software businesses. QuickBooks (accounting, payroll and payments) continues to perform solidly although growth rates are expected to slow. Credit Karma (personal finance) has performed exceptionally well, while Mailchimp (marketing) has struggled since acquisition although this is not new information. The core disappointment was the TurboTax business.
TurboTax is a tale of two cities. Intuit has been investing in AI for many years. TurboTax has developed a hybrid offering between AI driven software and a human tax expert called TurboTax Live which is rapidly disrupting the 'do it for me' tax filing industry. This part of TurboTax grew at a mid-30s growth rate and is now over 50% of total TurboTax revenue. However, the 'do it yourself' TurboTax product lost meaningful share amongst price sensitive, low-income filers, causing a modest downgrade to expected total TurboTax divisional growth from around 8% to around 7% for FY2026. On its surface the slightly lower revenue expectations look
In its Q2 2026 investor letter, L1 Capital International Fund highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) is a financial software company offering products and services for financial management, payments, capital, compliance, and marketing. On July 17, 2026, Intuit Inc. (NASDAQ:INTU) closed at $291.09 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was 12.93%, and its shares lost 61.88% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $79.62 billion.
L1 Capital International Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor update:
"Intuit Inc.'s (NASDAQ:INTU) Q3 2026 quarterly results were moderately below our – and the market's – expectations. The share price fell nearly 40% during the June 2026 quarter. While we consider the market's response excessive, it was not without reason. Intuit operates a number of software businesses. QuickBooks (accounting, payroll and payments) continues to perform solidly although growth rates are expected to slow. Credit Karma (personal finance) has performed exceptionally well, while Mailchimp (marketing) has struggled since acquisition although this is not new information. The core disappointment was the TurboTax business.
TurboTax is a tale of two cities. Intuit has been investing in AI for many years. TurboTax has developed a hybrid offering between AI driven software and a human tax expert called TurboTax Live which is rapidly disrupting the 'do it for me' tax filing industry. This part of TurboTax grew at a mid-30s growth rate and is now over 50% of total TurboTax revenue. However, the 'do it yourself' TurboTax product lost meaningful share amongst price sensitive, low-income filers, causing a modest downgrade to expected total TurboTax divisional growth from around 8% to around 7% for FY2026. On its surface the slightly lower revenue expectations look
3 months ago
Wall Street's biggest banks just posted a record first half, turbocharged by stock trading, dealmaking, and financing tied to the AI boom.
The country's five largest Wall Street banks — JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), and Morgan Stanley (MS) — collectively reported $114 billion of capital markets revenue in the first six months of 2026, up 31.5% from a year earlier. Stock trading accounted for more than half of the increase.
The windfall showed just how deeply the AI frenzy is feeding Wall Street's profit machine. It also raises the big question: How much does the sector's momentum depend on the AI revolution?
AI is the "No. 1 earnings driver" for big banks this year, Wells Fargo **** yst Mike Mayo said in an interview. He compares the capital demands from tech firms, utilities, and related industries to a "100-foot wave" lifting Wall Street.
"Big waves can cause big falls," Mayo said, but added he doesn't expect a wipeout over the next year.
The country's five largest Wall Street banks — JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), and Morgan Stanley (MS) — collectively reported $114 billion of capital markets revenue in the first six months of 2026, up 31.5% from a year earlier. Stock trading accounted for more than half of the increase.
The windfall showed just how deeply the AI frenzy is feeding Wall Street's profit machine. It also raises the big question: How much does the sector's momentum depend on the AI revolution?
AI is the "No. 1 earnings driver" for big banks this year, Wells Fargo **** yst Mike Mayo said in an interview. He compares the capital demands from tech firms, utilities, and related industries to a "100-foot wave" lifting Wall Street.
"Big waves can cause big falls," Mayo said, but added he doesn't expect a wipeout over the next year.
3 months ago
Audi Formula 1 chief Mattia Binotto says the German brand wants the series' future engine formula to remain "highly efficient" amid talk of ditching turbos.
F1 and its governing body the FIA are starting to lay down plans for the future power unit regulations for 2031. There is a broad consensus among the six power unit manufacturers over the principle to move to cheaper and simpler V8 engines with a smaller electric component, running on advanced sustainable fuels.
The stakeholders still have to sit down to discuss the finer details of the new engine configuration, with Audi known to be holding out for turbocharging to remain part of the new formula.
Audi uses turbocharging across a wide range of its road cars, with its recently revealed Audi Nuvolari concept car's twin-turbo V8 engine a hint of its vision for F1's future engine formula.
Read Also:
F1 and its governing body the FIA are starting to lay down plans for the future power unit regulations for 2031. There is a broad consensus among the six power unit manufacturers over the principle to move to cheaper and simpler V8 engines with a smaller electric component, running on advanced sustainable fuels.
The stakeholders still have to sit down to discuss the finer details of the new engine configuration, with Audi known to be holding out for turbocharging to remain part of the new formula.
Audi uses turbocharging across a wide range of its road cars, with its recently revealed Audi Nuvolari concept car's twin-turbo V8 engine a hint of its vision for F1's future engine formula.
Read Also:
