At Holdings Channel, we have reviewed the latest batch of the 44 most recent 13F filings for the 12/31/2025 reporting period, and noticed that McDonald's Corp (Symbol: MCD) was held by 21 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good
At Holdings Channel, we have reviewed the latest batch of the 44 most recent 13F filings for the 12/31/2025 reporting period, and noticed that McDonald's Corp (Symbol: MCD) was held by 21 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good
jetcityimage/iStock Editorial via Getty Images Introduction Johnson Controls International plc ( JCI ) recently reported decent Q1 ’26 numbers with amazing growth in orders, which blew past estimates, leading to a decent share price increase since the report. I wanted to take a look at the numbers in more detail and give some comments on the outlook and why my stance on the company has somewhat ch...
jetcityimage/iStock Editorial via Getty Images Introduction Johnson Controls International plc ( JCI ) recently reported decent Q1 ’26 numbers with amazing growth in orders, which blew past estimates, leading to a decent share price increase since the report. I wanted to take a look at the numbers in more detail and give some comments on the outlook and why my stance on the company has somewhat changed since the last time I covered it back in January. I then said to hold onto your position, as data center tailwinds will help its share price in the future. Since then, the stock has been up 25%. Now, since the company’s orders grew so much, I believe we will see a decent multiple contraction due to increased profitability, so I view JCI as a Buy going forward and still a decent diversified play once the AI data center hype passes. By the Numbers First quarter sales came in at around $5.8B, which were up 6.8% y/y, and beat estimates by $160m. The American segment increased 6% to $3.84B, EMEA 9% to $1.26B, and APAC 8% to $693m. So, not that impressive; however, what is a lot more impressive is that the company’s Q1 orders increased 39% y/y organically. Now the backlog stands at around $18.2B, which increased 20%. This impressive increase was fueled by the need for advanced cooling solutions in data centers. I don’t think that was a surprise at all, considering how much the hyperscalers are looking to spend going forward on their AI dreams over the next few years. Americas saw orders surge 56% y/y, heavily weighted toward applied HVAC and Controls for data centers. Let’s take a look at the company’s profitability this past quarter. The American segment saw its gross margin increase 6% to $1.375B, which translates to close to 36% in GM. Adjusted EBITA margin is around 16.4%, up 20bps y/y. The EMEA gross margins improved 13% to $448m, giving us a 35.5% margin, while adjusted EBITA improved 21% to $164m, giving us a 13% margin, which is up 120bps y/y. APAC showed the best p...
⚽ Minute-by-minute updates from the 8pm (GMT) kick-off ⚽ Preview | Live scores | Follow us on Bluesky | Email Sarah Fridolina Rolfo is not available for Manchester United this evening, here is the manager Marc Skinner on why: “Only Frido had a little knock from the weekend, so she’ll miss out on this game. Leah [Galton] and Tooney [Ella Toone] are the only other absentees.” The team news is in. At...
⚽ Minute-by-minute updates from the 8pm (GMT) kick-off ⚽ Preview | Live scores | Follow us on Bluesky | Email Sarah Fridolina Rolfo is not available for Manchester United this evening, here is the manager Marc Skinner on why: “Only Frido had a little knock from the weekend, so she’ll miss out on this game. Leah [Galton] and Tooney [Ella Toone] are the only other absentees.” The team news is in. Atletico Madrid make no changes from their 1-0 win over Levante on Sunday. Continue reading...
Sprawling medical device s and technology company Baxter International (NYSE: BAX) looked like it needed some medicine and a little rest on Thursday. The company's shares were down 17% in mid-session trading, on the back of an earnings report that many investors found lackluster. Baxter's fourth quarter of 2025 saw total sales rise 8% year over year to $2.97 billion. The company's net income from ...
Sprawling medical device s and technology company Baxter International (NYSE: BAX) looked like it needed some medicine and a little rest on Thursday. The company's shares were down 17% in mid-session trading, on the back of an earnings report that many investors found lackluster. Baxter's fourth quarter of 2025 saw total sales rise 8% year over year to $2.97 billion. The company's net income from continuing operations not in accordance with generally accepted accounting principles (GAAP), however, slumped by 24% to $225 million ($0.44 per share). Image source: Getty Images. Continue reading
Whether you’re considering a 16-inch gaming laptop, or a more compact 14-inch model, there’s a deal with your name on it happening right now at Best Buy. The 2025 models of Acer’s Predator Helios Neo 16S and the Asus ROG Zephyrus G14 are hundreds off, although it’s the model with the bigger screen that is currently the cheaper of the two. The sale on the Neo 16S will expire at the end of the day, ...
Whether you’re considering a 16-inch gaming laptop, or a more compact 14-inch model, there’s a deal with your name on it happening right now at Best Buy. The 2025 models of Acer’s Predator Helios Neo 16S and the Asus ROG Zephyrus G14 are hundreds off, although it’s the model with the bigger screen that is currently the cheaper of the two. The sale on the Neo 16S will expire at the end of the day, while the Zephyrus G14 discount will likely be available through President’s Day. Starting with the popular Zephyrus G14, which has a 3K resolution Pantone-validated OLED that can display up to a 120Hz refresh rate, you can get a high-end configuration at Best Buy for $1,899.99, down from its original price of $2,399.99. In addition to great screen specs, it has AMD’s Ryzen AI 9 HX 370 processor — one of the fastest available on a laptop — plus Nvidia’s RTX 5070 Ti GPU with 12GB of VRAM, 32GB of LPDDR5 RAM clocked at 8,000MHz and a 1TB SSD. This model is ideal for those who want to be able to play any 2026 title at great frame rates without any (or many) compromises to visual fidelity. For context on the price, Best Buy is offering the step-down configuration for $100 less, with a slightly worse CPU, a significantly less capable GPU (the RTX 5060), and half the RAM. You’re getting a lot of extra power with the discounted model at $1,899.99. Asus ROG Zephyrus G14 Where to Buy: $2399.99 $1899.99 at Best Buy The Acer Predator Helios Neo 16S is bigger and has a larger OLED screen, yet on the whole it’s still fairly thin for a gaming laptop. And, it starts at $1,469.99, down from $1,899.99 at Best Buy . It has comparable specs to the Zephyrus G14 — a capable processor in the Intel Core Ultra 9 275HX, the RTX 5070 Ti, 32GB of DDR5 6,400MHz RAM, a 1TB SSD — but its 16-inch screen is slightly lower res at 2560 x 1600 (albeit with a 240Hz refresh rate) versus 2880 x 1800 in the Zephyrus G14. Either way, you’ve got two great potential upgrades to consider. Acer Predator Helios Neo 16...
sankai/iStock via Getty Images Pessimism among individual investors about the short-term outlook for stocks increased in the latest AAII Sentiment Survey. Meanwhile, both optimism and neutral sentiment decreased. Bullish sentiment, expectations that stock prices will rise over the next six months, decreased 1.1 percentage points to 38.5%. Bullish sentiment is above its historical average of 37.5% ...
sankai/iStock via Getty Images Pessimism among individual investors about the short-term outlook for stocks increased in the latest AAII Sentiment Survey. Meanwhile, both optimism and neutral sentiment decreased. Bullish sentiment, expectations that stock prices will rise over the next six months, decreased 1.1 percentage points to 38.5%. Bullish sentiment is above its historical average of 37.5% for the 11th consecutive week. Neutral sentiment, expectations that stock prices will stay essentially unchanged over the next six months, decreased 8.0 percentage points to 23.3%. Neutral sentiment is below its historical average of 31.5% for the 82nd time in 84 weeks. Bearish sentiment, expectations that stock prices will fall over the next six months, increased 9.1 percentage points to 38.1%. Bearish sentiment is above its historical average of 31.0% for the fourth time in 11 weeks. The bull-bear spread (bullish minus bearish sentiment) decreased 10.3 percentage points to 0.4%. The bull-bear spread is below its historical average of 6.5% for the first time in 11 weeks. This week’s special question asked AAII members how many quarter-point (0.25%) interest rate cuts they think the Federal Reserve will make this year. Here is how they responded: None: 6.3% One: 27.6% Two or three: 53.4% Four or more: 4.1% Not sure/no opinion: 8.6% This week’s Sentiment Survey results: Bullish: 38.5%, down 1.1 percentage points Neutral: 23.3%, down 8.0 percentage points Bearish: 38.1%, up 9.1 percentage points Historical averages: Bullish: 37.5% Neutral: 31.5% Bearish: 31.0% The AAII Sentiment Survey has been conducted weekly since July 1987. The survey and its results are available online . If you want to become an effective manager of your own assets and achieve your financial goals, consider a risk-free 30-day Trial AAII Membership .
Comments on the ‘colonisation of the UK’ by the co-owner of Manchester United were erroneous, crass and a gift to divisive forces in British society In 2020, the year Sir Jim Ratcliffe moved his huge fortune to Monaco, migrants in the United Kingdom made tax contributions estimated to be worth around £20bn. Sir Jim, by jetting off to a tax haven on the French Riviera, saved himself an estimated £4...
Comments on the ‘colonisation of the UK’ by the co-owner of Manchester United were erroneous, crass and a gift to divisive forces in British society In 2020, the year Sir Jim Ratcliffe moved his huge fortune to Monaco, migrants in the United Kingdom made tax contributions estimated to be worth around £20bn. Sir Jim, by jetting off to a tax haven on the French Riviera, saved himself an estimated £4bn. It took some brass neck for the expat owner of Ineos and co-owner of Manchester United football club to lecture the country, using inflammatory and offensive language, on the perils of immigration. Where to begin? The statistics used by Sir Jim to back his claim that Britain was being “colonised” by migrants, in an interview with Sky News, were flatly wrong. They were also astonishingly crass, coming from a man who presides over a sporting institution famous for and proud of its global fanbase and international connections. Continue reading...
aluxum/iStock via Getty Images Fund performance The Fund rose by 4.59% over the quarter, lagging the benchmark slightly by 18 basis points. Some performance was given back in December due to weakness in China, but we ended the year in positive territory, thanks to a strong turnaround in the second half that saw the portfolio outperform by over 300 basis points. 1 In Taiwan, the AI-driven tech rall...
aluxum/iStock via Getty Images Fund performance The Fund rose by 4.59% over the quarter, lagging the benchmark slightly by 18 basis points. Some performance was given back in December due to weakness in China, but we ended the year in positive territory, thanks to a strong turnaround in the second half that saw the portfolio outperform by over 300 basis points. 1 In Taiwan, the AI-driven tech rally continued, lifting local tech stocks that are at the epicentre of the US AI infrastructure buildout. Stock selection was positive. ASE Technology shares rose as the company increased capacity for its advanced packaging and testing and won new orders by tapping into rising AI-driven demand. Index heavyweight Taiwan Semiconductor Manufacturing Co was another contributor to performance. South Korea also did well. The market and our holdings there are beneficiaries of both the US AI infrastructure build as well as the local "Value-up" programme – a government-led initiative to push Korean corporates to improve shareholder returns. AI plays such as memory chip producers SK Hynix and Samsung Electronics outperformed, alongside power equipment maker Hyundai Electric. 'Value-up' play Samsung C&T also delivered strong returns. In Indonesia, easing concerns around the government and its policies saw investors return to the market, which boosted our holdings, Bank Negara Indonesia and Telkom Indonesia. Telkom was further helped by increased clarity around its efforts to refocus the business, boost profitability and return cash to shareholders. Total Returns (as of 12/31/25) Class Aw/o sales charges Class A with sales charges Institutional Class MSCI Emerging Markets Index (Net TR) 10 Years (p.a.) 6.59 5.96 7.02 8.42 5 Years (p.a.) 0.22 -0.96 0.56 4.20 3 Years (p.a.) 13.35 11.13 13.66 16.40 1 Year 32.02 24.42 32.39 33.57 Year to Date 32.02 24.42 32.39 33.57 3 Months 3.79 -2.17 3.89 4.73 1 month 2.17 -3.71 2.22 2.99 Click to enlarge PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. ...