Toast (NYSE: TOST) is at the intersection of three hard-hit sectors thus far in 2026: software, payments, and restaurants. The S&P North American Technology Software Index was down nearly 25% in the first quarter, while the Nasdaq CTA Global Digital Payments Index sank 20% and the S&P 500 Restaurants Sub-Industry Index fell 5%. Against that backdrop, it's not surprising the stock lost a quarter of...
Toast (NYSE: TOST) is at the intersection of three hard-hit sectors thus far in 2026: software, payments, and restaurants. The S&P North American Technology Software Index was down nearly 25% in the first quarter, while the Nasdaq CTA Global Digital Payments Index sank 20% and the S&P 500 Restaurants Sub-Industry Index fell 5%. Against that backdrop, it's not surprising the stock lost a quarter of its value in the first quarter, as it was hit from all sides. Continue reading
Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from the ministers to the EU Commission seen by Reuters on Saturday. The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in a letter dated Friday, saying such a measure would be a signa...
Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from the ministers to the EU Commission seen by Reuters on Saturday. The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in a letter dated Friday, saying such a measure would be a signal that “we stand united and are able to take action”. “It would also send a clear message that those...
iQoncept/iStock via Getty Images Mobileye Global Inc. ( MBLY ) is still struggling to transition from a leader in advanced driver assistance features for vehicles to fully autonomous driving. A prime issue is that the market has shifted to where passenger vehicles haven't moved forward with autonomous driving goals at the same speed as robotaxis, where Mobileye isn't as heavily involved. My invest...
iQoncept/iStock via Getty Images Mobileye Global Inc. ( MBLY ) is still struggling to transition from a leader in advanced driver assistance features for vehicles to fully autonomous driving. A prime issue is that the market has shifted to where passenger vehicles haven't moved forward with autonomous driving goals at the same speed as robotaxis, where Mobileye isn't as heavily involved. My investment thesis remains Neutral on the stock, looking for an inflection point in the market. Source: Finviz Robotaxi Struggles Mobileye is the global leader in technology and software for advanced driver assistance systems (ADAS), primarily focused on the EyeQ SoC offering. The company generally operates up to the L2 level while the market is looking to shift to L4 robotaxis. The company has a massive 8-year future expected automotive revenue pipeline of $24.5 billion , up 42% over the last couple of years. The pipeline amounts to ~$3 billion in annual revenue over the period compared to current annual revenues of nearly $2 billion. Source: Mobileye Global presentation Mobileye ships about 35 million EyeQ chips on an annual basis, but the issue is the transition from base ADAS services to AVs. The robotaxi world is moving full-speed ahead with Waymo, owned by Google ( GOOG ), WeRide ( WRD ), and potentially Tesla ( TSLA ), with Mobileye generally excluded from participating with the big players in this market. The company has announced multiple deals with AV programs, but most of these deals aren't with market leading players. Moia, owned by Volkswagen Group ( VWAGY ), is working on a robotaxi in the Los Angeles market, where Waymo has fully operated since November 2024 . Source: Mobileye Global presentation Mobileye likes to point out that Volkswagen Autonomous Mobility has plans to offer robotaxi services across 6 cities by the end of 2027 and target a fleet of 100,000 vehicles by 2033. Again, Mobileye has promising opportunities in the robotaxi space, but the technology and ...
Maskot/DigitalVision via Getty Images Investment Thesis Last July, I recommended buying shares of Check Point Software ( CHKP ), but since then the price has dropped by almost 35% . In my opinion, such dynamics are more likely to be related to indirect factors (for example, geopolitical ones) than to business affairs. The company's reports in the second half of 2025 were strong and ahead of consen...
Maskot/DigitalVision via Getty Images Investment Thesis Last July, I recommended buying shares of Check Point Software ( CHKP ), but since then the price has dropped by almost 35% . In my opinion, such dynamics are more likely to be related to indirect factors (for example, geopolitical ones) than to business affairs. The company's reports in the second half of 2025 were strong and ahead of consensus forecasts for revenue and EPS. At the same time, the Q4 report turned out to be slightly less successful—the market reacted negatively to the fact that Check Point did not beat the revenue consensus. In my opinion, all these factors are in no way the reason for such a strong drop in stocks. Demand for the company's solutions remains high, with the average annual business growth rate consistently above 5-6% over the past 5 years, while Check Point has a minimal debt burden, sponsoring business development through high free cash flow. In addition, the company is actively buying shares from the market to support EPS and shareholders. I revised my DCF model towards greater conservatism and got a fair share price in the base scenario of $160 with an upside of 10% to the current price ($145.76 at the time of writing). I keep the buy rating. Building an AI Security Platform via Targeted Acquisitions Before proceeding to the financial analysis of a business, I recommend that you read, among other things, my first article about Check Point Software. There, in addition to analyzing the financial statements, I also deeply analyzed the company's business model, described its development strategy, the strengths and weaknesses of this strategy, and the key growth drivers and risks inherent in the company. This will help you understand the business more deeply and better understand the reasons for the company's current financial situation. Investor Presentation In this chapter, I would like to mention some recent corporate and business events that have already had or will have an impa...
The cakes – usually baked in the shape of a lamb using a special pan – have a long history in Central Europe, from the German osterlamm, to the Polish baranek wielkanocny, to the Alsatian lammele. (Image credit: Charra Jarosz)
The cakes – usually baked in the shape of a lamb using a special pan – have a long history in Central Europe, from the German osterlamm, to the Polish baranek wielkanocny, to the Alsatian lammele. (Image credit: Charra Jarosz)
This leads Meta Platforms CEO Mark Zuckerberg to think smartglasses are finally ready to live up to their potential. Fortunately, there is a more direct way to play this particular vision: EssilorLuxottica the under-the-radar $100-billion company that manufactures the tech giant’s Ray-Ban smartglasses. The company’s shares, which trade in France, have shed more than a third of their value from rec...
This leads Meta Platforms CEO Mark Zuckerberg to think smartglasses are finally ready to live up to their potential. Fortunately, there is a more direct way to play this particular vision: EssilorLuxottica the under-the-radar $100-billion company that manufactures the tech giant’s Ray-Ban smartglasses. The company’s shares, which trade in France, have shed more than a third of their value from recent highs.
Brian Armstrong has put himself personally on the line for Bitcoin quantum resistance, pledging direct oversight of Coinbase’s post-quantum cryptography research and implementation efforts at a moment when the threat has moved from theoretical to time-stamped.The commitment signals that Coinbase is no longer treating quantum risk as a long-range problem ...
Brian Armstrong has put himself personally on the line for Bitcoin quantum resistance, pledging direct oversight of Coinbase’s post-quantum cryptography research and implementation efforts at a moment when the threat has moved from theoretical to time-stamped.The commitment signals that Coinbase is no longer treating quantum risk as a long-range problem ...
Wirestock/iStock via Getty Images Introduction The last time I covered Intrepid Potash ( IPI ), I reiterated their Buy rating, as the company continued to be in an exceptional financial position with virtually zero debt, highlighting their strategic importance in the face of macro uncertainty. Following a boost from the Iran conflict that might turn out to be short-lived, I am downgrading IPI to a...
Wirestock/iStock via Getty Images Introduction The last time I covered Intrepid Potash ( IPI ), I reiterated their Buy rating, as the company continued to be in an exceptional financial position with virtually zero debt, highlighting their strategic importance in the face of macro uncertainty. Following a boost from the Iran conflict that might turn out to be short-lived, I am downgrading IPI to a Hold now, as the stock is now trading around their well-deserved premium, and doesn’t offer an opportunity anymore, with macro pressure leading to higher near-term risks. Excellent Foundation Intact Intrepid Potash IR IPI reported another solid quarter, beating the market’s revenue and EPS expectations quite well, while the free cash flow reached about $25.54 million in 2025, lower than 2024 despite the drop in CAPEX, although a major reason behind this comes from the $11.37 million negative effect of accounts receivable, and they didn’t benefit from the deferred other income this time (related to the XTO Energy initial payment). Intrepid Potash IR As a result of the replacement of a continuous miner at their East Underground Mine alongside higher operating hours per shift, the company's Trio production is expected to increase to about 285,000 to 300,000 tons this year (for a ~7% increase ), while also deferring the decision regarding the AMAX cavern project until “at least 2027.” Intrepid Potash IR Meanwhile, their Wendover (Utah) lithium project continues to advance, further boosting the company's portfolio of vital commodities, with their latest study indicating estimated measured and indicated maiden mineral resources of ~119,000 tons of lithium carbonate equivalent and 1.5 million tons of magnesium, potentially boosting this project into an excellent, vital multi-commodity operation (on top of the potash produced there), adding long-term potential as they’re expanding it. As a note, they said this would come with a 25-year project life with a projected capacity of 5,0...