Meta Platforms announced a multi year partnership with NVIDIA to deploy NVIDIA CPUs, GPUs, and networking gear across its global AI infrastructure. The company is launching one of its largest data centers and has started work on a major new AI focused facility in Indiana. The build out is part of a multi billion dollar AI investment plan that Meta expects to ramp into 2026. Meta Platforms, NasdaqG...
Meta Platforms announced a multi year partnership with NVIDIA to deploy NVIDIA CPUs, GPUs, and networking gear across its global AI infrastructure. The company is launching one of its largest data centers and has started work on a major new AI focused facility in Indiana. The build out is part of a multi billion dollar AI investment plan that Meta expects to ramp into 2026. Meta Platforms, NasdaqGS:META, is tying this AI expansion to its core social platforms and emerging products, aiming...
Alison Roman is a cult figure in the world of food media. Several of her recipes have gone viral. She's written multiple hit cookbooks. And her newsletter is incredibly popular. Now, she's putting her name on consumer goods, recently launching a new line of high-end jarred tomato sauce called, appropriately, A Very Good Sauce, which she sells direct online. So what has she learned about the consum...
Alison Roman is a cult figure in the world of food media. Several of her recipes have gone viral. She's written multiple hit cookbooks. And her newsletter is incredibly popular. Now, she's putting her name on consumer goods, recently launching a new line of high-end jarred tomato sauce called, appropriately, A Very Good Sauce, which she sells direct online. So what has she learned about the consumer goods industry and its supply chain? On this episode, she explains why she entered the space, how she thinks about carving out a niche, and everything she's learned from figuring out shipping to co-packing to designing a recipe that can be cooked in high volume. We also talk generally about the world of food and food media and how she thinks about bridging content and commerce. (Source: Bloomberg)
Commotion Inc., the leading AI-native enterprise startup backed by Tata Communications, today introduced a new AI Operating System (AI OS) built in collaboration with NVIDIA. Leveraging NVIDIA Nemotron™ open models along with the NVIDIA Riva library for advanced speech capabilities, the platform is designed to help enterprises move AI from pilots to production and complete business tasks autonomou...
Commotion Inc., the leading AI-native enterprise startup backed by Tata Communications, today introduced a new AI Operating System (AI OS) built in collaboration with NVIDIA. Leveraging NVIDIA Nemotron™ open models along with the NVIDIA Riva library for advanced speech capabilities, the platform is designed to help enterprises move AI from pilots to production and complete business tasks autonomously backed by strong governance and measurable outcomes. Together, they enable enterprises to move b
M. Suhail/iStock Editorial via Getty Images Winmark ( WINA ) is a shareholder-friendly company that licenses thrift shop brands to franchisees. It could be a good dividend growth stock at a lower price, but right now, I think it’s overvalued. You might not have heard about Winmark before because its revenue is very low for a publicly traded company, even though it has nearly 1,400 stores. Winmark ...
M. Suhail/iStock Editorial via Getty Images Winmark ( WINA ) is a shareholder-friendly company that licenses thrift shop brands to franchisees. It could be a good dividend growth stock at a lower price, but right now, I think it’s overvalued. You might not have heard about Winmark before because its revenue is very low for a publicly traded company, even though it has nearly 1,400 stores. Winmark doesn’t operate its thrift stores directly; it collects royalties from the franchise owners, so it also has very high margins. And it pays out a large percentage of its royalty income as special dividends. You might not be surprised to hear that a company that licenses thrift shop brands is doing great in the current economy. In Q4 2025 , Winmark’s revenue rose 7.9% to $21.1 million. Its full-year 2025 revenue rose 5.9% to $86.1 million, so it performed better in Q4 2025 than it did earlier in the year. But its main expense, SG&A, also rose 22.2% to $7.3 million. So, Winmark’s EPS rose 3.5% to $2.69, which isn’t as high of a growth rate. Winmark also has a forward P/E of 38. In my previous article, I said that I thought it was overvalued, and I think it’s still overvalued now. This company is still on trend because the clothing resale market is rising in popularity, and it’s likely to report strong results in 2026 because the consumer is still under pressure. And the growth of the clothing resale market will support rising special dividend payouts for Winmark as well. But I don’t think this company’s growth rate justifies its current valuation. Online Thrift Stores Are Rapidly Growing The market research firm Future Market Insights says that the second-hand apparel market was worth $24.8 billion in 2025 and it was growing at a 12.9% CAGR. But most of this growth is coming from peer-to-peer resale websites. The brick-and-mortar resale market is growing at a slower pace, which explains why Winmark’s revenue growth rate isn’t as high as the online platforms’ growth rates. Winm...
John M. Chase/iStock Unreleased via Getty Images My first coverage of CDW Corporation ( CDW ), back in July 2025, recommended a Hold on the stock. At the time, I felt that the numbers were flattered by slightly fortuitous timing dynamics. The business benefited from pull-forward demand and unexpected hardware strength, even though the outlook for federal spending was uncertain. All of those factor...
John M. Chase/iStock Unreleased via Getty Images My first coverage of CDW Corporation ( CDW ), back in July 2025, recommended a Hold on the stock. At the time, I felt that the numbers were flattered by slightly fortuitous timing dynamics. The business benefited from pull-forward demand and unexpected hardware strength, even though the outlook for federal spending was uncertain. All of those factors made it harder for me to be confident in its near-term earnings power. It’s now three full quarters since that article, and I think it’s fair to say that the feared unwind didn’t materialize, at least not in any dramatic way. The company’s operating engine is still steady, adaptable, and disciplined. That’s why it’s a bit difficult to understand why the stock has dipped by 30% in the same period. It’s cheaper now, and the question is whether the combination of modest growth, strong margins, and consistent cash generation is enough to be more constructive on the stock’s price. The Mix is Improving, Even if Growth is Not Exploding If you zoom out and look at the last fiscal year, the headline growth rate is not the story. The more interesting development is underneath the surface, in how CDW is generating its gross profit. Q4 FY25 and Full-Year FY25 Results Metric Q4 FY25 YoY Change FY25 YoY Change Net Sales ~$5.5B +5% ~$22.4B +7% Gross Profit ~$1.25B +9% ~$5B +6% Gross Margin ~22.8% +50 bps ~21.7% Stable Non-GAAP EPS ~$2.57 +4% ~$10.02 +5% Adjusted Free Cash Flow — — ~$1.09B Solid conversion Click to enlarge What stands out to me from these results is the relationship between revenue and gross profit. In Q4, the former grew faster than the latter, and the margin expanded by 50 basis points. This is in spite of the business environment that still includes hardware pricing volatility and uneven enterprise demand. That harks back to my statement about the mix doing the work. Management has been clear that software, cloud, and services are doing the heavy lifting here , and ne...
You might not realize it, but one of the most important data releases of the entire quarter took place last week. Feb. 17 marked the filing deadline for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission (SEC). A 13F provides a concise snapshot of the stocks Wall Street's savviest money managers, including high...
You might not realize it, but one of the most important data releases of the entire quarter took place last week. Feb. 17 marked the filing deadline for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission (SEC). A 13F provides a concise snapshot of the stocks Wall Street's savviest money managers, including high-profile billionaire investors, bought and sold in the latest quarter (i.e., the fourth quarter). Although artificial intelligence (AI) stocks have played a key role in lifting Wall Street to new heights, 13Fs show that select billionaire fund managers were active sellers of Nvidia (NASDAQ: NVDA) stock ahead of its fourth-quarter earnings report. Image source: Getty Images. Continue reading
German business confidence brightened more than anticipated in February, adding to hope that Europe’s largest economy is emerging from a yearslong malaise. An expectations index by the Ifo institute increased to 90.5 from a revised 89.6 in January. That’s above the median estimate of 90 in a Bloomberg survey. A measure of current conditions improved more than expected. “The German economy is showi...
German business confidence brightened more than anticipated in February, adding to hope that Europe’s largest economy is emerging from a yearslong malaise. An expectations index by the Ifo institute increased to 90.5 from a revised 89.6 in January. That’s above the median estimate of 90 in a Bloomberg survey. A measure of current conditions improved more than expected. “The German economy is showing first signs of recovery,” Ifo President Clemens Fuest said Monday in a statement. “Companies were more satisfied with their current business situation. Expectations also developed positively.” Germany’s economic prospects hinge on the success of vast government investments in infrastructure and defense, alongside reforms to boost competitiveness amid higher US tariffs and fiercer rivalry with Chinese manufacturers. While gross domestic product rose last year for the first time since 2022, growth was a modest 0.2%. The latest trade friction , after the US Supreme Court struck down the levies imposed by Donald Trump , highlight the risks still out there. There have been positive signs of late, however, including the first expansion since 2022 for Germany’s manufacturing sector. The Bundesbank, meanwhile, sees GDP growing “more dynamically” from the spring, after weak momentum this quarter. Germany to Find Out Whether Its Recovery Is Real: Eco Week Ahead German Manufacturing Sector Grows for First Time Since 2022 German Wage Growth Quickened at Year-End, Bundesbank Says
China called on the US to scrap tariffs after President Donald Trump imposed new levies to replace those struck down by the US Supreme Court. “China urges the United States to cancel its unilateral tariff measures on its trading partners,” the commerce ministry said in a statement on Monday. “There are no winners in a trade war and that protectionism leads nowhere.” New 15 per cent US levies are d...
China called on the US to scrap tariffs after President Donald Trump imposed new levies to replace those struck down by the US Supreme Court. “China urges the United States to cancel its unilateral tariff measures on its trading partners,” the commerce ministry said in a statement on Monday. “There are no winners in a trade war and that protectionism leads nowhere.” New 15 per cent US levies are due to come in on Tuesday and run for 150 days after Trump used a different legal route to tax...
Turkish bank stocks have more room to run after their recent rally, according to analysts at Goldman Sachs Group Inc., who expect weaker inflation and falling interest rates to boost the sector in 2027. “For 2026, we believe the risk-reward is fairly balanced, with much of the upside from the recent rally already priced in. However, for 2027, we see the risk-reward as skewed to the upside,” analys...
Turkish bank stocks have more room to run after their recent rally, according to analysts at Goldman Sachs Group Inc., who expect weaker inflation and falling interest rates to boost the sector in 2027. “For 2026, we believe the risk-reward is fairly balanced, with much of the upside from the recent rally already priced in. However, for 2027, we see the risk-reward as skewed to the upside,” analysts including Ashwath P T and Kazim Andac wrote in a report published Monday. Goldman economists expect disinflation to continue, supported by the Turkish central bank’s cautious approach to interest-rate cuts and favorable comparisons to prior time periods. The central bank expects annual price gains to slow to between 15% and 21% at the end of the year. “This environment should facilitate a downward rate trajectory, highly favorable for liability-sensitive Turkish banks, driving significant net interest margin expansion through 2026 and into 2027,” Goldman analysts said. Turkish bank stocks have rallied this year, benefiting from broad positive sentiment, especially among foreign investors. While the pace of gains slowed in February amid concerns over inflation, the sector is still up 22% year-to-date. The Borsa Istanbul Banks Index rose as much as 2.4% on Monday before pulling back slightly to trade up 2.2% at 11:57 a.m. in Istanbul. Read more on: Turkish Stocks Eye Best January Since ‘97 as Cash Pours In (1) The Goldman analysts said that a critical inflection point could be reached in 2026 if Turkish banks’ return on equity surpasses inflation for the first time in almost a decade. That would enable banks to grow profits and book value in dollar terms, they added. Goldman increased its earnings per share estimates by about 18% on average for the Turkish bank stocks it covers over 2026-2028. The firm maintained its buy recommendation on Yapi Kredi and Akbank, while upgrading its stance on Isbank to buy from neutral.