Abu Hanifah/iStock via Getty Images Performance Drivers Geopolitical tension exploded in Q1, threatening to undercut the robust earnings backdrop in the United States. Amid the chaos, value stocks advanced in Q1; large cap stocks lagged small and mid-cap. Fear and uncertainty fueled dividend payers even as interest rate expectations turned higher. The strategy's focus on lower beta, dividend payer...
Abu Hanifah/iStock via Getty Images Performance Drivers Geopolitical tension exploded in Q1, threatening to undercut the robust earnings backdrop in the United States. Amid the chaos, value stocks advanced in Q1; large cap stocks lagged small and mid-cap. Fear and uncertainty fueled dividend payers even as interest rate expectations turned higher. The strategy's focus on lower beta, dividend payers was a welcome tailwind. Top Contributors/Detractors Sector allocation had a positive impact on the Fund's relative results, while stock selection was a headwind during the quarter. Contributors The sectors with the highest contribution to relative return in Q1 were health care (+129 bps) and financials (+114 bps). Health care benefited from positive stock selection, partially offset by an overweight allocation. Financials benefited from an underweight allocation and positive stock selection. The holdings with the highest contribution to active return were Royalty Pharma PLC (CI A) ( RPRX ), Williams Companies, Inc. ( WMB ), and Kinder Morgan, Inc. (CI P) ( KMI ). Detractors The sectors with the lowest contribution to relative return in Q1 were information technology (-92 bps) and consumer staples (-44 bps). Both sectors suffered from negative stock selection, partially offset by overweight allocations. The holdings with the lowest contribution to active return were Salesforce, Inc. ( CRM ), Paycom Software, Inc. ( PAYC ), and Accenture PLC (CI A) ( ACN ). Positioning Update As of March 31, the Fund was not meaningfully overweight (>5%) in any sector but meaningfully underweight (>-5%) in two. The largest overweight allocations were energy and utilities. The largest underweight allocations were communication services and financials. At quarter-end, cash in the Fund was 0.7%, a decrease from 1.1% held at the end of Q4. Cash averaged 0.9% throughout the quarter. Outlook ▶ The war in Iran is only one of several meaningful risks facing investors in 2026. We expect markets to f...
In the UK – and across the west - incendiary language and white supremacist policies are entering the political mainstream What qualifies as too rightwing these days? It’s a question I’ve considered often in recent years. But it takes on even greater urgency when contemplating the rise of Restore Britain. Founded by multimillionaire businessman and former Reform MP Rupert Lowe, the party enjoys th...
In the UK – and across the west - incendiary language and white supremacist policies are entering the political mainstream What qualifies as too rightwing these days? It’s a question I’ve considered often in recent years. But it takes on even greater urgency when contemplating the rise of Restore Britain. Founded by multimillionaire businessman and former Reform MP Rupert Lowe, the party enjoys the active support of far-right tech bro Elon Musk, the world’s richest man. If Nigel Farage strikes you as a wet liberal, then Restore Britain may be the party you’ve been waiting for. Its mission, it says, is to “reverse mass migration”. That means deporting not just undocumented migrants but “legally resident foreign nationals” who live in social housing, claim benefits or supposedly “fail to integrate” – a strikingly elastic category. Lowe himself declares that “millions and millions” need to leave or be made to leave. Officials and politicians “who knowingly placed dangerous third world savages in our communities” will be imprisoned . Owen Jones is a Guardian columnist Continue reading...
Some remains found in Diamantina fracture zone date back more than 5m years and reveal species and ecosystems unknown to science The oldest, deepest and most extensive whale graveyard yet discovered has been found in the south-eastern Indian Ocean, with fossils dating back more than 5m years. Whale falls – the term for dead whales that sink to the ocean floor – are not uncommon, but most have been...
Some remains found in Diamantina fracture zone date back more than 5m years and reveal species and ecosystems unknown to science The oldest, deepest and most extensive whale graveyard yet discovered has been found in the south-eastern Indian Ocean, with fossils dating back more than 5m years. Whale falls – the term for dead whales that sink to the ocean floor – are not uncommon, but most have been found at depths of less than 4km (2.5 miles). By contrast, the newly discovered necropolis reaches depths of more than 7km, and extends hundreds of miles across the sea floor. Continue reading...
Luka Modric and friends are aiming for one last hurrah but a Tottenham defender is providing hope for the future for England’s group opponents This article is part of the Guardian’s 2026 World Cup Experts’ Network , a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the t...
Luka Modric and friends are aiming for one last hurrah but a Tottenham defender is providing hope for the future for England’s group opponents This article is part of the Guardian’s 2026 World Cup Experts’ Network , a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 11 June. Continue reading...
More customers are seeking out meticulous e-file manicures, but there are concerns about the risk of infection with the cuticle-raising beauty treatment A drill with a speed of 35,000 revolutions per minute sits on Alina Huck’s orderly work station. The drill bit is the length of an almond, and as soon as it touches the client’s nail it whips up a fine dust of dead skin. “It’s definitely a satisfy...
More customers are seeking out meticulous e-file manicures, but there are concerns about the risk of infection with the cuticle-raising beauty treatment A drill with a speed of 35,000 revolutions per minute sits on Alina Huck’s orderly work station. The drill bit is the length of an almond, and as soon as it touches the client’s nail it whips up a fine dust of dead skin. “It’s definitely a satisfying experience,” says Huck, a Sydney-based nail technician who has spent nearly a decade specialising in e-file manicures, also known as Russian manicures. Continue reading...
We just covered Forget AI: Legendary Value Investor Seth Klarman Is Buying These 10 Value Stocks in 2026. DNOW Inc. (NYSE:DNOW) ranks #10 (see Seth Klarman Is Buying These 5 Value Stocks in 2026). Baupost’s Stake: $43,174,000 DNOW Inc. (NYSE:DNOW) is a distributor of energy and industrial products, spun off from National Oilwell Varco in […]
We just covered Forget AI: Legendary Value Investor Seth Klarman Is Buying These 10 Value Stocks in 2026. DNOW Inc. (NYSE:DNOW) ranks #10 (see Seth Klarman Is Buying These 5 Value Stocks in 2026). Baupost’s Stake: $43,174,000 DNOW Inc. (NYSE:DNOW) is a distributor of energy and industrial products, spun off from National Oilwell Varco in […]
The Pentagon’s newly expanded blacklist of Chinese military-linked companies has tested the fragile stability reached at last month’s summit, highlighting that intense competition persists despite recent efforts to ease bilateral tensions. On Monday, the US Defence Department released its updated Section 1260H list as required by American law, expanding the roster to 188 entities, up from 134 last...
The Pentagon’s newly expanded blacklist of Chinese military-linked companies has tested the fragile stability reached at last month’s summit, highlighting that intense competition persists despite recent efforts to ease bilateral tensions. On Monday, the US Defence Department released its updated Section 1260H list as required by American law, expanding the roster to 188 entities, up from 134 last year. Many of China’s technology and industrial giants were targeted. E-commerce giant Alibaba,...
iQIYI (NASDAQ:IQ) sits in an unusual spot. The Chinese streaming giant is leaning hard into AI content production while its core membership business shrinks. Shares trade at $1.17, near 52-week lows. CEO Yu Gong is doubling down on overseas growth and Nadou Pro, the company’s AI creator platform that signed 10,000 active creators in its ... Can iQIYI Stock Double in 2027? The AI Turnaround Case
iQIYI (NASDAQ:IQ) sits in an unusual spot. The Chinese streaming giant is leaning hard into AI content production while its core membership business shrinks. Shares trade at $1.17, near 52-week lows. CEO Yu Gong is doubling down on overseas growth and Nadou Pro, the company’s AI creator platform that signed 10,000 active creators in its ... Can iQIYI Stock Double in 2027? The AI Turnaround Case
Tappy is a tiny wireless remote that doesn’t look like one. Following the launch of the surprisingly popular Kobo Remote , Boox has released its own device to ease the burden of reaching for an e-reader’s touchscreen that’s an arm’s length away. The Tappy isn’t Boox’s first page-turning remote , but its design takes a much different approach to the company’s slim but boring B.T. Remoter . The Tapp...
Tappy is a tiny wireless remote that doesn’t look like one. Following the launch of the surprisingly popular Kobo Remote , Boox has released its own device to ease the burden of reaching for an e-reader’s touchscreen that’s an arm’s length away. The Tappy isn’t Boox’s first page-turning remote , but its design takes a much different approach to the company’s slim but boring B.T. Remoter . The Tappy feels like a mashup of wireless remotes, fidget toys, and macro pads, with a healthy dash of retro charm. While the Kobo Remote looks like a streaming dongle accessory with a design that prioritizes ergonomics, the Tappy can be best described as a miniature keyboard distilled to just two buttons that draws its design inspiration from a retro typewriter. It’s not as comfortable to hold as Kobo’s accessory, but it’s small enough to sit discreetly in your hand. There are also four rubber feet on its underside so it won’t slide around if used on a desk, and it’s available in two very glossy color options: olive green and a bright orange that I tested. Tappy’s two round buttons don’t use actual keyboard switches but they have about a quarter-inch of travel and are satisfying to press when you’re in need of something to fidget with. Out of the box, the buttons are labeled with a pixelated heart and steaming mug of coffee, which I just don’t understand. I immediately switched to the included alternatives that are instead labeled with an X and an O, but more customizability, even if it was just a sheet of stickers I had to apply myself, would be preferred. Forward and back arrows, or even just a plus and minus, would be welcome alternatives to what’s included. Pairing the Tappy to a Boox device is easy, but don’t misplace the fold-out quick start guide that walks you through the process. After powering it on using a sliding metal switch on the side, you put the remote into pairing mode by holding down both buttons for about two seconds until a single LED on the side flashes blue....
Dilok Klaisataporn/iStock via Getty Images I previously rated GigaCloud Technology Inc. ( GCT ) as a Buy in February 2026, thanks to their ability to monetize the vertically integrated marketplace in the EU at a time of softer demand in the US. In this article, I shall discuss why GCT remains a Great Buy here, with the ongoing macro uncertainties already triggering an excellent dip buying opportun...
Dilok Klaisataporn/iStock via Getty Images I previously rated GigaCloud Technology Inc. ( GCT ) as a Buy in February 2026, thanks to their ability to monetize the vertically integrated marketplace in the EU at a time of softer demand in the US. In this article, I shall discuss why GCT remains a Great Buy here, with the ongoing macro uncertainties already triggering an excellent dip buying opportunity. GCT Suffers Perfect Storm of Headwinds GCT 1Y Stock Price ( TradingView ) 1. Overly Done Meltdown From Macro Pessimism For now, GCT has corrected as posited in my last article, albeit breaching my Buy Zones of $38s and even the prior 200-day moving averages to retest the $31s at the time of writing. Part of the meltdown may be attributed to the potentially higher inflationary pressure / impacted consumer discretionary spending from the ongoing Iran conflict and the elevated oil prices, with it triggering downward pressure on many commerce-related stocks, GCT included. This is especially since the US still comprises the lion's share of its revenues at $218.35M in FQ1'26 (+14.5% YoY after including the benefit of acquisition, otherwise, organically at +2% YoY), albeit at a moderating ratio of 60.7% (-9.4 points YoY). This naturally exposes GCT to growth risks in Q2'26, if not through H2'26, as more "consumers also reported intentions to pull back spending across most discretionary categories" : Big-ticket retail segments could face the greatest pressure. Consumers reported the greatest net negative intent to spend on accessories, jewelry, and home décor , while intent to spend on sports and outdoor equipment, furniture , and short-term apartment rentals dropped the most from the previous quarter. ( McKinsey ) This is on top of the likely to remain higher borrowing costs as the " odds of a Fed hike this year jump on prediction markets," with the US home buying/upgrading cadence likely to be impacted as observed in Redfin's May 2026 report . The same is likely to be report...
AI coding agent startup Niteshift has raised a $7 million seed round from a who's who of angels. It's betting companies will want power over, not lock-in, with model makers.
AI coding agent startup Niteshift has raised a $7 million seed round from a who's who of angels. It's betting companies will want power over, not lock-in, with model makers.