BlackRock warned investors that bonds can no longer be relied on as a stabilizing force in portfolios, as rising debt levels and stubborn inflation pressures undermine the asset class's traditional role as a safe haven. The world's largest asset manager said recent volatility in global bond markets underscores a structural shift driven by heavier government borrowing and a "higher-for-longer" rate...
BlackRock warned investors that bonds can no longer be relied on as a stabilizing force in portfolios, as rising debt levels and stubborn inflation pressures undermine the asset class's traditional role as a safe haven. The world's largest asset manager said recent volatility in global bond markets underscores a structural shift driven by heavier government borrowing and a "higher-for-longer" rate environment. That dynamic has left long-duration sovereign debt more exposed to sudden selloffs, particularly when fiscal and trade policy risks flare up. "In this environment, bonds no longer provide the same level of portfolio ballast," strategists led by Jean Boivin at BlackRock Investment Institute, said in a note. "Any spike in long-term bond yields can heighten debt sustainability concerns, repeatedly leading to a moderation of policy extremes over the past year." The firm remains tactically underweight long-term Japanese government bonds since 2023 and long-dated U.S. Treasurys since December 2025. BlackRock pointed to last week's turbulence as a global phenomenon rooted in U.S. tariff threats, with the impact magnified in Japan's government bond market by technical factors including new fiscal concerns following a snap election and weak demand at a long-dated bond auction. "Yet U.S. trade policy again ran into an immutable economic law: the U.S.'s need for sizeable foreign investment to finance its debt in a world shaped by greater bond supply and higher-for-longer interest rates," the firm said.
A look at the weighted underlying holdings of the WisdomTree New Economy Real Estate Fund (WTRE) shows an impressive 10.2% of holdings on a weighted basis have experienced insider buying within the past six months. Lineage Inc (Symbol: LINE), which makes up 1.46% of the WisdomTree New Economy Real Estate Fund (WTRE), has seen 6 directors and officers purchase shares in the past six months, accordi...
A look at the weighted underlying holdings of the WisdomTree New Economy Real Estate Fund (WTRE) shows an impressive 10.2% of holdings on a weighted basis have experienced insider buying within the past six months. Lineage Inc (Symbol: LINE), which makes up 1.46% of the WisdomTree New Economy Real Estate Fund (WTRE), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $224,155 worth of LINE, making it the #18 largest holding. The table below details the recent insider buying activity observed at LINE: LINE — last trade: $36.19 — Recent Insider Buys: Purchased Insider Title Shares Price/Share Value 08/08/2025 Kevin Patrick Marchetti CO-EXECUTIVE CHAIRMAN 23,540 $42.28 $995,216 08/08/2025 Sudarsan V. Thattai See Remarks 3,563 $42.45 $151,238 08/19/2025 Kevin Patrick Marchetti Co-Executive Chairman 12,345 $40.44 $499,254 11/07/2025 Robert Crisci Chief Financial Officer 10,000 $34.56 $345,630 11/10/2025 Adam Matthew Schwartz Forste Co-Executive Chairman 74,000 $33.83 $2,503,250 11/10/2025 Kevin Patrick Marchetti Co-Executive Chairman 14,500 $33.72 $489,010 11/13/2025 Robb A. Lemasters Chief Financial Officer 30,000 $33.74 $1,012,197 11/21/2025 Abigail S. Fleming Chief Accounting Officer 500 $33.56 $16,782 And Gogo Inc (Symbol: GOGO), the #58 largest holding among components of the WisdomTree New Economy Real Estate Fund (WTRE), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $26,367 worth of GOGO, which represents approximately 0.17% of the ETF's total assets at last check. The recent insider buying activity observed at GOGO is detailed in the table below: GOGO — last trade: $4.68 — Recent Insider Buys: Purchased Insider Title Shares Price/Share Value 08/08/2025 Christopher John Moore Chief Executive Officer 10,000 $12.11 $121,100 11/17/2025 Charles C. Townsend Director 110,009 $7.08 $778,672 11/19/2025 Charles C. Townsend Director 89,991 $6...
Investors should dial down their exposure to US equities as the dollar’s slide burnishes the appeal of stocks in Europe and other regions, according to Pictet Wealth Management. Concerns around the dollar’s purchasing power outside the US and the impact of fiscal stimulus make European stocks a more appealing prospect, Geraldine Sundstrom , head of investment offering at the firm, said at a media ...
Investors should dial down their exposure to US equities as the dollar’s slide burnishes the appeal of stocks in Europe and other regions, according to Pictet Wealth Management. Concerns around the dollar’s purchasing power outside the US and the impact of fiscal stimulus make European stocks a more appealing prospect, Geraldine Sundstrom , head of investment offering at the firm, said at a media roundtable event in London. Look for “less US, more of the rest,” Sundstrom recommended. The coming wave of European defense and infrastructure investing means “there’s money to be made there,” she said. A gauge of dollar strength fell to a near four-year low this week before rebounding slightly on Wednesday, as US tariff threats, unpredictable policymaking and attacks on the Federal Reserve deterred foreign holders of US assets. European stocks have climbed 38% since the start of last year in dollar terms, double the gains in the S&P 500 over the same period. The outlook for European stocks remains upbeat as Germany has promised to spend hundreds of billions of euros on defense and infrastructure. Analysts expect Stoxx 600 profits to rise by about 10% this year after near-zero growth in 2025, according to data compiled by Bloomberg Intelligence. US stocks make up more than 70% of the MSCI World index, a share that investors should potentially bring down by roughly 10%, according to Sundstrom. That money can be shifted mainly into Europe but also emerging markets, which benefit from the dollar weakness, she said.
(RTTNews) - Wednesday, Data Link Solutions, a joint venture between BAE Systems plc (BA.L) and Collins Aerospace, announced that the company has secured a $248 million production contract to deliver hundreds of Multifunctional Information Distribution System Joint Tactical Radio System to the U.S. Navy. Under the contract, the Cedar Rapids, Iowa-based company will provide hundreds of MIDS JTRS rad...
(RTTNews) - Wednesday, Data Link Solutions, a joint venture between BAE Systems plc (BA.L) and Collins Aerospace, announced that the company has secured a $248 million production contract to deliver hundreds of Multifunctional Information Distribution System Joint Tactical Radio System to the U.S. Navy. Under the contract, the Cedar Rapids, Iowa-based company will provide hundreds of MIDS JTRS radio terminals for more than 45 U.S. and international platform types, including unmanned aerial vehicles and armored C2 ground vehicles. Notably, the work on the MIDS JTRS program takes place in Wayne, New Jersey, and Cedar Rapids, Iowa. Currently, BAE's stock is moving down 1.27 percent, to 1,986.50 pence on the London Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Danaher shares dropped on Wednesday because Wall Street was not giving the supplier of tools and equipment to drugmakers and hospitals credit for beating its rosy earnings guidance from earlier this month. Revenue for Danaher's fourth quarter 2025 rose 4.6% year over year to $6.84 billion, exceeding the LSEG-compiled analyst consensus estimate of nearly $6.81 billion. Adjusted earnings per share i...
Danaher shares dropped on Wednesday because Wall Street was not giving the supplier of tools and equipment to drugmakers and hospitals credit for beating its rosy earnings guidance from earlier this month. Revenue for Danaher's fourth quarter 2025 rose 4.6% year over year to $6.84 billion, exceeding the LSEG-compiled analyst consensus estimate of nearly $6.81 billion. Adjusted earnings per share increased 4.2% to $2.23, also beating the LSEG estimate of $2.15. Why we own it Danaher is a best-in-class life sciences and diagnostics company, with a track record of finding new ways to grow and wisely reshuffling its business portfolio. Danaher's products are used to develop and manufacture therapeutics, as well as diagnose diseases. With the growth in medical spending, the health-care market is an attractive place to be over the long term. Competitors : Sartorius and Thermo Fisher Scientific Portfolio weight: 2.35% Most recent buy: Sept. 25, 2025 Initiated : Jan. 3, 2022 Bottom line Not only do invetors seem to be discounting the beat of the preannouncement numbers at the JPMorgan Healthcare Conference on Jan. 12, but they appear apprehensive about this year's outlook. While core revenue growth guidance for the full year was better-than-expected at the midpoint, segment guidance signals the lower end of the range is more likely. The higher end could come into play if there were an improvement in the life sciences end market; if increased biotech funding leads to more orders, and if things get better in China. With EPS guidance only in-line, we were not too surprised to see some profit takers step in on a stock that reported results near a 52-week high. Price action aside, we saw a lot to like. Fourth-quarter organic revenue came in ahead of expectations, as did the company's overall operating margin. While cash flow results did miss expectations, the misses were minor, not nearly enough to cause concern given the positive dynamics elsewhere, particularly in Bioprocessin...
The Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) has delivered exceptional returns, surging 42% over the past year to reach $28.10 as of January 27, 2026. This performance significantly outpaced the S&P 500’s 16% gain and slightly edged out the iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) with its 46% return. The rally reflects renewed appetite for ... Invesco’s $1.7 Billion Emerging Marke...
The Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) has delivered exceptional returns, surging 42% over the past year to reach $28.10 as of January 27, 2026. This performance significantly outpaced the S&P 500’s 16% gain and slightly edged out the iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) with its 46% return. The rally reflects renewed appetite for ... Invesco’s $1.7 Billion Emerging Markets Fund Rides China Tech and Banks To Huge Gains
champc/iStock via Getty Images As the first month of 2026 comes to an end this week and earnings season accelerates, below is a list of the top 10 information technology stocks above $10B market cap, ranked by their one-month price performance percentage. The list is dominated by Applied Digital ( APLD ), which recorded an impressive 71.93% one-month performance. Micron Technology ( MU ) is the se...
champc/iStock via Getty Images As the first month of 2026 comes to an end this week and earnings season accelerates, below is a list of the top 10 information technology stocks above $10B market cap, ranked by their one-month price performance percentage. The list is dominated by Applied Digital ( APLD ), which recorded an impressive 71.93% one-month performance. Micron Technology ( MU ) is the second-best performer with a 44.05% gain and holds the highest Quant Rating among the top five, earning a Strong Buy rating of 4.99. MKS ( MKSI ), Entegris, ( ENTG ), and Western Digital Corporation ( WDC ) complete the top five performers. Many stocks on the list, including MKS ( MKSI ), Entegris, ( ENTG ), Lam Research ( LRCX ), and Applied Materials ( AMAT ), belong to the Semiconductor Materials & Equipment industry. Onto Innovation Inc. ( ONTO ) is another notable performer that received a strong assessment, earning a Buy Quant Rating of 4.47. Here is the list: Applied Digital Corporation ( APLD ), 1 month performance percentage: 71.93% Micron Technology, Inc. ( MU ), 1 month performance percentage: 44.05% MKS Inc. ( MKSI ), 1 month performance percentage: 39.84% Entegris, Inc. ( ENTG ), 1 month performance percentage: 39.57% Western Digital Corporation ( WDC ), 1 month performance percentage: 39.18% Lam Research Corporation ( LRCX ), 1 month performance percentage: 33.91% GlobalFoundries Inc. ( GFS ), 1 month performance percentage: 32.39% Onto Innovation Inc. ( ONTO ), 1 month performance percentage: 29.84% Applied Materials, Inc. ( AMAT ), 1 month performance percentage: 27.04% KLA Corporation ( KLAC ), 1 month performance percentage: 26.32% Tech ETFs: ( VGT ), ( XLK ), ( IYW ), ( FTEC ), ( IXN ), and ( RSPT ) More on information technology stocks Technology Is Losing Momentum, But FTEC Does Not Lose My Interest VGT: A Glorious Vanguard Big-Tech ETF For The American AI Trade Applied Digital: AI Infrastructure Play At A Sensitive Juncture Microsoft earnings: Kalshi odd...
Angola is weighing plans to issue a $1.7 billion bond on international capital markets this year, joining a list of prospective issuers across the continent from Kenya to the Democratic Republic of Congo. The third-largest oil producer in Africa needs $16 billion in extra financing this year, according to the Angolan government. It plans to raise $8.4 billion through external funding sources, with...
Angola is weighing plans to issue a $1.7 billion bond on international capital markets this year, joining a list of prospective issuers across the continent from Kenya to the Democratic Republic of Congo. The third-largest oil producer in Africa needs $16 billion in extra financing this year, according to the Angolan government. It plans to raise $8.4 billion through external funding sources, with the rest to be mobilized through domestic sources, according to a debt borrowing plan unveiled Tuesday by the finance ministry. Angola last issued bonds in October and raised $1.75 billion . It has six dollar-denominated bonds, which rallied Wednesday and led gains across emerging markets. The yield on the $750 million note maturing in 2035 fell 13 basis points to 9.80%. About 80% of Angola’s external debt stock is denominated in U.S. dollars, with the remainder in other currencies. Read More: Africa Taps Eurobonds as Demand for Riskier Assets Jumps The country will stagger future foreign-currency-denominated debt issuance “so there is no longer a concentration of debt maturities in back-to-back years,” said Dorivaldo Teixeira, director of the Angolan Treasury’s Debt Management Unit. Angola has dollar-bond repayments due in 2028 and 2029, he added. African debt is becoming increasingly attractive to global investors seeking high yields. Questions about US policy and dollar weakness are also boosting demand for emerging-markets assets, which is helping African issuers. “As long as the US administration is OK with a weaker dollar, investors will be OK with emerging-market FX assets,” said Simon Quijano-Evans, an emerging markets economist. Benin and Cameroon have already sold bonds this year. Kenya, which received a Moody’s Ratings upgrade on Tuesday , may seek a $2 billion bond, according to a news report . The Democratic Republic of Congo plans a maiden $750 million bond in April, the nation’s finance minister said in a recent interview. Although oil prices have lagged oth...
Highlights of Q4 2025 results The quarter results were shaped by challenging external conditions. Revenue amounted to EUR 201.4 million, decreasing by EUR 25.8 million or 11.4% compared with the fourth quarter of 2024. Volume in Liner decreased by 6.1% during the quarter. There was a significant year-over-year increase in imports to Iceland, driven primarily by a sharp rise in vehicle imports. Thi...
Highlights of Q4 2025 results The quarter results were shaped by challenging external conditions. Revenue amounted to EUR 201.4 million, decreasing by EUR 25.8 million or 11.4% compared with the fourth quarter of 2024. Volume in Liner decreased by 6.1% during the quarter. There was a significant year-over-year increase in imports to Iceland, driven primarily by a sharp rise in vehicle imports. This was offset by a decline in exports from Iceland due to substantially lower volume of industrial cargo. Volume in Trans-Atlantic were solid, although lower than the exceptionally strong levels in Q4 2024. Reduced capacity in Norway also impacted volumes, as one out of four reefer vessels was out of operation for the entire quarter due to docking. Volume in Trans-Atlantic were solid, although lower than the exceptionally strong levels in Q4 2024. Reduced capacity in Norway also impacted volumes, as one out of four reefer vessels was out of operation for the entire quarter due to docking. A substantial decline in global freight rates affected international forwarding during the quarter, but the segment still delivered acceptable results. Other logistics performed well, with continued improvement in Iceland domestic trucking, which was a focus area throughout the year. Operating expenses amounted to EUR 188.6 million, down EUR 11.4 million or 5.7% year over year, mainly due to lower global freight rates and reduced fuel consumption. Salary expenses increased by EUR 1.9 million, or 4.7%, a smaller year-over-year rise than in recent quarters. The increase was mainly driven by contractual wage increases and currency effects. EBITDA for the quarter amounted to EUR 12.7 million, compared with EUR 27.1 million in the same period of 2024, a decrease of 53%. Significant wage increases in recent years, cost increases from major suppliers, and lower unit prices in the sailing system were the main drivers of the EBITDA decline, as the higher costs have not been reflected in unit prices....
Helstu atriði í afkomu fjórða ársfjórðungs Rekstur félagsins litaðist af krefjandi ytri aðstæðum. Tekjur námu 201,4 milljónum evra og lækkuðu um 25,8 milljónir evra eða 11,4% samanborið við fjórða ársfjórðung 2024.
Helstu atriði í afkomu fjórða ársfjórðungs Rekstur félagsins litaðist af krefjandi ytri aðstæðum. Tekjur námu 201,4 milljónum evra og lækkuðu um 25,8 milljónir evra eða 11,4% samanborið við fjórða ársfjórðung 2024.
Date: January 28, 2026 Introduction As the sun sets on January 28, 2026, Apple Inc. (NASDAQ: AAPL) stands at a critical juncture in its five-decade history. Tomorrow, the Cupertino giant will release its fiscal first-quarter earnings for 2026—a report that investors hope will justify the company's aggressive pivot toward generative artificial intelligence and clarify the future of its hardware lin...
Date: January 28, 2026 Introduction As the sun sets on January 28, 2026, Apple Inc. (NASDAQ: AAPL) stands at a critical juncture in its five-decade history. Tomorrow, the Cupertino giant will release its fiscal first-quarter earnings for 2026—a report that investors hope will justify the company's aggressive pivot toward generative artificial intelligence and clarify the future of its hardware lineup. Following a year of record-breaking revenues in 2025, the market is currently digesting a "two-speed" reality: the runaway success of the iPhone 17 Pro series and the unexpected commercial struggle of the ultra-thin iPhone 17 Air. With rumors of a leadership transition and a historic partnership with Google to power Siri, Apple is no longer just a hardware company; it is an AI ecosystem in the making. Historical Background Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple’s journey from a garage in Los Altos to a multi-trillion-dollar entity is the definitive narrative of the Silicon Valley era. The company’s trajectory has been defined by three distinct "acts." Act One was the Macintosh and the democratization of personal computing. Act Two, spearheaded by the iPod and iPhone, redefined consumer electronics and mobile connectivity. Act Three, under the leadership of Tim Cook, transitioned the company into a Services-led powerhouse, capitalizing on a "walled garden" that now encompasses over 2.2 billion active devices. By early 2026, Apple has entered what analysts call "Act Four": the era of Spatial Computing and On-Device Intelligence. Business Model Apple’s business model remains one of the most resilient "moats" in global finance. It rests on two pillars: Hardware as the Entry Point: The iPhone remains the primary revenue driver (approx. 50-55% of revenue), supported by the iPad, Mac, and a robust "Wearables, Home, and Accessories" segment (Apple Watch, AirPods, Vision Pro). Services as the Profit Engine: Once a user enters the ecosystem, Apple ...
Abby Joseph Cohen, Columbia Business School professor and retired Goldman Sachs partner, discusses the outlook for AI-related stocks, investing amid a weakening US dollar and her concerns about the "erratic nature" on US policies on "Bloomberg Open Interest." (Source: Bloomberg)
Abby Joseph Cohen, Columbia Business School professor and retired Goldman Sachs partner, discusses the outlook for AI-related stocks, investing amid a weakening US dollar and her concerns about the "erratic nature" on US policies on "Bloomberg Open Interest." (Source: Bloomberg)
Microsoft’s (MSFT) ambitions to achieve an end-to-end AI infrastructure received a boost when they announced Maia 200, an inference accelerator that will help the company deploy AI at scale. The new chip is built on TSMC’s (TSM) 3nm process and is the most efficient inference system the Windows maker has ever deployed, offering 30% better performance per dollar than the existing infrastructure. As...
Microsoft’s (MSFT) ambitions to achieve an end-to-end AI infrastructure received a boost when they announced Maia 200, an inference accelerator that will help the company deploy AI at scale. The new chip is built on TSMC’s (TSM) 3nm process and is the most efficient inference system the Windows maker has ever deployed, offering 30% better performance per dollar than the existing infrastructure. As a reaction to the news, BNP Paribas came out with a list of stocks that could benefit from this major development. Among these stocks, two caught our eye: Broadcom (AVGO) and Marvell (MRVL). This is a classic pick-and-shovel play. Broadcom and Marvell are the two biggest names when it comes to custom chipmaking. Irrespective of whether Microsoft is able to profitably deploy AI at scale, these two benefit. In fact, if Microsoft fails, it is more likely that some other hyperscaler will require the same services from these two companies. Maia 200 deployments are set to be executed in the second half of the calendar year. If all goes well, that’s when these two companies will see the impact of these new chips on their financial statements. AI Stock #1: Broadcom (AVGO) Broadcom is an industry leader when it comes to making complex custom chips for AI workloads. In the past, it has developed chips in collaboration with Google and META as well. The company is headquartered in Palo Alto, California. After a poor start to the year, AVGO is down about 3% year-to-date (YTD); the company’s stock is finally picking up pace. The Maia 200 developments are likely going to help it catch up to the iShares Semiconductor ETF (SOXX), which has already gained 18% so far this month. Broadcom’s forward P/E went up significantly at the end of its previous fiscal quarter, but it now trades at a forward P/E of 33.22x. The Price to Sales ratio has similarly dropped to a more reasonable 25.28x. This is partly due to the recent stock price dip. It may not be fair to say that the stock is undervalued. H...
Microsoft’s (MSFT) ambitions to achieve an end-to-end AI infrastructure received a boost when they announced Maia 200, an inference accelerator that will help the company deploy AI at scale. The new chip is built on TSMC’s (TSM) 3nm process and is the most efficient inference system the Windows maker has ever deployed, offering 30% better performance per dollar than the existing infrastructure. As...
Microsoft’s (MSFT) ambitions to achieve an end-to-end AI infrastructure received a boost when they announced Maia 200, an inference accelerator that will help the company deploy AI at scale. The new chip is built on TSMC’s (TSM) 3nm process and is the most efficient inference system the Windows maker has ever deployed, offering 30% better performance per dollar than the existing infrastructure. As a reaction to the news, BNP Paribas came out with a list of stocks that could benefit from this major development. Among these stocks, two caught our eye: Broadcom (AVGO) and Marvell (MRVL). This is a classic pick-and-shovel play. Broadcom and Marvell are the two biggest names when it comes to custom chipmaking. Irrespective of whether Microsoft is able to profitably deploy AI at scale, these two benefit. In fact, if Microsoft fails, it is more likely that some other hyperscaler will require the same services from these two companies. Maia 200 deployments are set to be executed in the second half of the calendar year. If all goes well, that’s when these two companies will see the impact of these new chips on their financial statements. AI Stock #1: Broadcom (AVGO) Broadcom is an industry leader when it comes to making complex custom chips for AI workloads. In the past, it has developed chips in collaboration with Google and META as well. The company is headquartered in Palo Alto, California. After a poor start to the year, AVGO is down about 3% year-to-date (YTD); the company’s stock is finally picking up pace. The Maia 200 developments are likely going to help it catch up to the iShares Semiconductor ETF (SOXX), which has already gained 18% so far this month. Broadcom’s forward P/E went up significantly at the end of its previous fiscal quarter, but it now trades at a forward P/E of 33.22x. The Price to Sales ratio has similarly dropped to a more reasonable 25.28x. This is partly due to the recent stock price dip. It may not be fair to say that the stock is undervalued. H...
Stefan Watkins, who tracks ships and shares his findings on social media, has also recently tracked the arrival of a number of US early warning and "spy" aircraft which were in evidence during Operation Midnight Hammer – including RC-135s, and E-11A BACN and E-3G Sentry. He says that "might suggest" if strikes are "coming sooner rather than later".
Stefan Watkins, who tracks ships and shares his findings on social media, has also recently tracked the arrival of a number of US early warning and "spy" aircraft which were in evidence during Operation Midnight Hammer – including RC-135s, and E-11A BACN and E-3G Sentry. He says that "might suggest" if strikes are "coming sooner rather than later".
David Tran/iStock Editorial via Getty Images We're about to head into the Q4 earnings season, and the stock market remains incredibly volatile. Investors continue to bear major concerns about frothy valuations in the wake of potential macroeconomic disruption. And though no massive rotation has happened yet, my core strategy for managing a potential downturn is to bias my portfolio toward small- a...
David Tran/iStock Editorial via Getty Images We're about to head into the Q4 earnings season, and the stock market remains incredibly volatile. Investors continue to bear major concerns about frothy valuations in the wake of potential macroeconomic disruption. And though no massive rotation has happened yet, my core strategy for managing a potential downturn is to bias my portfolio toward small- and mid-cap stocks, particularly those that trade at great value despite having appealing growth catalysts to spark a rebound. Telos Corporation ( TLS ) is a stock that few investors have probably heard of, and yet through its supplier relationship with TSA PreCheck, it's a company that many U.S. travelers have likely interacted with. Primarily a government software provider, Telos has had a breakout year over the past year, rising ~80% and dramatically beating the S&P 500 - and with a small market cap still under $500 million and modest multiples, Telos still has a long way to go. Data by YCharts When it comes to my specific investing strategy for this year, Telos checks off many boxes. The company is off recent highs (as are most software stocks), giving us a decent entry point. Fundamentally, the company is showcasing rapid demand growth as it releases new products, diversifying its revenue base; and on top of this, the company has a healthy balance sheet with no debt. I'm initiating this stock at a "Buy" rating. Cybersecurity And Identity Platform, With Key Government Clients First, let's get a solid grounding on what exactly Telos does. Telos is admittedly old in software company years: it was founded 57 years ago in 1969, and its original products were centered around secure network administration. Today, however, the company has broadened. Its two main products, detailed in the chart below, are called Xacta.Ai and Telos ID. Telos products (Telos Q3 earnings deck) Xacta.ai falls into a realm of cybersecurity called "GRC" (governance, risk, and compliance). Its main use...