hapabapa/iStock Editorial via Getty Images HubSpot exited 2025 with solid double-digit growth, better retention, better billings, higher margins, and strong cash generation. It also showed improvements in upmarket selling, multi-product adoption, and AI usage. If the question is whether HubSpot has improved operationally, my answer is yes. If the question is whether the recent price decline has tu...
hapabapa/iStock Editorial via Getty Images HubSpot exited 2025 with solid double-digit growth, better retention, better billings, higher margins, and strong cash generation. It also showed improvements in upmarket selling, multi-product adoption, and AI usage. If the question is whether HubSpot has improved operationally, my answer is yes. If the question is whether the recent price decline has turned the stock into a clear value opportunity, my answer is still no. That distinction matters. The stock is clearly less expensive than it used to be, but I still do not see a wide enough margin of safety for a disciplined value investor, especially when the company still faces short contract duration, meaningful stock-based compensation, and uncertainty around how AI may reshape software pricing and seat economics over time. Business and market overview HubSpot provides a customer platform as Software-as-a-Service (SaaS) including marketing, sales, service, content, operations, commerce, CRM, and AI-powered tools. As of December 31, 2025, it had almost 290,000 customers in more than 135 countries. The company generated $3.064 billion of subscription revenue in FY2025, representing 98% of total revenue, while professional services and other revenue accounted for $67.3 million, or 2% of the total revenue. Which means HubSpot remains primarily a recurring software business where seat and subscription numbers are very important. Profitability has improved at the same time. In Q4 2025, GAAP operating margin increased to 5.7% from -1.5% in Q4 2024 . For the full year, HubSpot reported GAAP operating income of $7.4 million, compared with a GAAP operating loss $67.7 million in FY2024. This also marked the company's first full year of positive earnings based on GAAP. Operationally, the company appears to be getting more effective at expanding customer relationships. Management highlighted that 62% of new Pro Plus customers landed with multiple hubs in 2025, while 40% of the Pro Pl...
Roman Tiraspolsky/iStock Editorial via Getty Images Introduction It has been a while since I last reviewed Intel ( INTC ), which was at one point the most interesting story in the stock market. Since my last Buy rating , the company has lost around 2% of its value, actually beating the broad S&P 500. It has continued on its turnaround and I’ll dive into the current dynamics to see if Intel can cla...
Roman Tiraspolsky/iStock Editorial via Getty Images Introduction It has been a while since I last reviewed Intel ( INTC ), which was at one point the most interesting story in the stock market. Since my last Buy rating , the company has lost around 2% of its value, actually beating the broad S&P 500. It has continued on its turnaround and I’ll dive into the current dynamics to see if Intel can claw its way back to the top. Current Dynamics I’ll first start with a review of Lip-Bu Tan’s leadership as I believe that he is the right man for the job, considering that he was recruited to solve the execution gaps that had negatively impacted Intel for more than a decade. He is essentially capacity-gating, which is a refusal to build speculative factory space without firm external customer commitments. More so, the firm is even more tilting toward a service-based foundry model with examples in the data center and AI segment, in which Tan focuses resources on the 16-channel Diamond Rapids and accelerates the introduction of Coral Rapids, which reintroduces multi-threading back into the server roadmap. In all, Tan is essentially betting on bringing back the engineering-first environment that made Intel so dominant to begin with. 2026 is also centered on the 18A process node, which has officially moved into high-volume manufacturing in Arizona and Oregon, and this node will be key to the company’s turnaround. It will introduce new tech like RibbonFET gate-all-around transistors as well as PowerVia backside power delivery. These are not set to be deployed by TSMC ( TSM ) until the end of the year or even 2027. The commercial use, Panther Lake , is designed to deliver a 50% multi-threaded performance leap and massive gains in its NPU for local AI workloads. This platform is set to power over 200 designs from global OEMs, making it the most broadly adopted AI pc platform in the company’s history. Though right now, Intel is surfing on a normalization phase in terms of yields, as ...
Roman Tiraspolsky/iStock Editorial via Getty Images Introduction It has been a while since I last reviewed Intel ( INTC ), which was at one point the most interesting story in the stock market. Since my last Buy rating , the company has lost around 2% of its value, actually beating the broad S&P 500. It has continued on its turnaround and I’ll dive into the current dynamics to see if Intel can cla...
Roman Tiraspolsky/iStock Editorial via Getty Images Introduction It has been a while since I last reviewed Intel ( INTC ), which was at one point the most interesting story in the stock market. Since my last Buy rating , the company has lost around 2% of its value, actually beating the broad S&P 500. It has continued on its turnaround and I’ll dive into the current dynamics to see if Intel can claw its way back to the top. Current Dynamics I’ll first start with a review of Lip-Bu Tan’s leadership as I believe that he is the right man for the job, considering that he was recruited to solve the execution gaps that had negatively impacted Intel for more than a decade. He is essentially capacity-gating, which is a refusal to build speculative factory space without firm external customer commitments. More so, the firm is even more tilting toward a service-based foundry model with examples in the data center and AI segment, in which Tan focuses resources on the 16-channel Diamond Rapids and accelerates the introduction of Coral Rapids, which reintroduces multi-threading back into the server roadmap. In all, Tan is essentially betting on bringing back the engineering-first environment that made Intel so dominant to begin with. 2026 is also centered on the 18A process node, which has officially moved into high-volume manufacturing in Arizona and Oregon, and this node will be key to the company’s turnaround. It will introduce new tech like RibbonFET gate-all-around transistors as well as PowerVia backside power delivery. These are not set to be deployed by TSMC ( TSM ) until the end of the year or even 2027. The commercial use, Panther Lake , is designed to deliver a 50% multi-threaded performance leap and massive gains in its NPU for local AI workloads. This platform is set to power over 200 designs from global OEMs, making it the most broadly adopted AI pc platform in the company’s history. Though right now, Intel is surfing on a normalization phase in terms of yields, as ...
⚽️ FA Cup updates from 5.15pm BST at Stamford Bridge ⚽️ Burslem Globetrotters plot another shock | Mail Emillia Right, time for some team news… Manchester City sailed through to the semi-finals with a huge 4-0 win over Liverpool earlier today. Erling Haaland scored a hat-trick to send his team through, with Antoine Semenyo getting on the scoresheet as well. Goalkeeper James Trafford also played a ...
⚽️ FA Cup updates from 5.15pm BST at Stamford Bridge ⚽️ Burslem Globetrotters plot another shock | Mail Emillia Right, time for some team news… Manchester City sailed through to the semi-finals with a huge 4-0 win over Liverpool earlier today. Erling Haaland scored a hat-trick to send his team through, with Antoine Semenyo getting on the scoresheet as well. Goalkeeper James Trafford also played a huge part by saving a penalty from Mohamed Salah in the second half. Continue reading...
Costco (NASDAQ: COST) is a club store, meaning its customers pay membership fees to shop at its stores. This changes the retailer's profit equation in a very important way. That's both a positive and a negative when you consider Costco as an investment. Costco's stock fell just shy of 20% in the back half of 2025, hitting a bottom just before the end of the year. That's a big drawdown, but one tha...
Costco (NASDAQ: COST) is a club store, meaning its customers pay membership fees to shop at its stores. This changes the retailer's profit equation in a very important way. That's both a positive and a negative when you consider Costco as an investment. Costco's stock fell just shy of 20% in the back half of 2025, hitting a bottom just before the end of the year. That's a big drawdown, but one that is fairly normal for this retailer. Over the past decade, the stock has fallen by 15% or more on multiple occasions. Given that Costco's share price is just 7% below its all-time high, each one of the drawdowns over the past decade was a buying opportunity. Image source: Getty Images. Continue reading
JD.com (NasdaqGS:JD) has partnered with Spanish food company BayMar to expand its premium imported food offerings in China. The company has launched an online "Spanish Food & Drinks Festival" to promote Spanish brands and products on its platform. The initiative focuses on premium international goods, using JD.com's logistics and marketing network to reach Chinese consumers. For JD.com, one of Chi...
JD.com (NasdaqGS:JD) has partnered with Spanish food company BayMar to expand its premium imported food offerings in China. The company has launched an online "Spanish Food & Drinks Festival" to promote Spanish brands and products on its platform. The initiative focuses on premium international goods, using JD.com's logistics and marketing network to reach Chinese consumers. For JD.com, one of China's largest e commerce platforms, this move aligns with its focus on higher quality retail and...
Matthew Rodriguez, 18, was apprehended in Pennsylvania in connection to shooting that killed Kaori Patterson-Moore A second suspect in the stray-bullet killing of a seven-month-old baby on a Brooklyn street was arrested on Friday, investigators said, two days after a shooting the New York police department (NYPD) commissioner called “a tragedy that truly shocks the conscience”. Matthew Rodriguez, ...
Matthew Rodriguez, 18, was apprehended in Pennsylvania in connection to shooting that killed Kaori Patterson-Moore A second suspect in the stray-bullet killing of a seven-month-old baby on a Brooklyn street was arrested on Friday, investigators said, two days after a shooting the New York police department (NYPD) commissioner called “a tragedy that truly shocks the conscience”. Matthew Rodriguez, 18, was apprehended in Pennsylvania by NYPD detectives working with US marshals, according to authorities. Continue reading...
US President Donald Trump on Saturday said Iran had 48 hours left to make a deal on opening the vital Strait of Hormuz or face “Hell”. “Remember when I gave Iran 10 days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT,” Trump wrote on his Truth Social platform. The waterway is vital to the global oil and gas trade. “Time is running out – 48 hours before all Hell will reign (sic) down on them,” the pre...
US President Donald Trump on Saturday said Iran had 48 hours left to make a deal on opening the vital Strait of Hormuz or face “Hell”. “Remember when I gave Iran 10 days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT,” Trump wrote on his Truth Social platform. The waterway is vital to the global oil and gas trade. “Time is running out – 48 hours before all Hell will reign (sic) down on them,” the president said on Saturday, adding: “Glory be to GOD!” Trump had initially threatened on March 21 to...
FBI Arrests Eight Suspects In $60 Million LA County Over Hospice Fraud Authored by Madeline Shannon via The Center Square , The FBI made multiple arrests Thursday in Los Angeles County in connection with allegations over a total of $60 million in hospice-related Medicaid fraud. First Assistant U.S. Attorney Bill Essayli announced the arrests for Operation Never Say Die during a news conference . “...
FBI Arrests Eight Suspects In $60 Million LA County Over Hospice Fraud Authored by Madeline Shannon via The Center Square , The FBI made multiple arrests Thursday in Los Angeles County in connection with allegations over a total of $60 million in hospice-related Medicaid fraud. First Assistant U.S. Attorney Bill Essayli announced the arrests for Operation Never Say Die during a news conference . “Federal agents from multiple agencies descended on fraudsters throughout Southern California , executing multiple arrests and search warrants,” Essayli told reporters. Early this morning, the FBI and partners arrested 8 of 15 defendants charged in connection with 9 separate health care fraud investigations focusing on hospice fraud and other schemes. The arrests were made in and around Los Angeles County, as well as in Court d'Alene, Idaho.… pic.twitter.com/FAPVRNdtLy — FBI Los Angeles (@FBILosAngeles) April 2, 2026 Eight people were arrested, Essayli said, and charges will be brought against 15 individuals who are accused of defrauding $60 million in health care fraud in greater Los Angeles County, including allegedly operating fraudulent hospice care businesses. Lolita Minerd, 65, from Anaheim, ran Artesia-based Topanga Hospice Care, which ran a $9.1 million price tag over five years, Essayli said. According to Essayli, one couple said they were approached by Minerd at a grocery store to sign up as patients for her hospice care business. Essayli said they each received $300 a month from Minerd for allowing her to use their names as patients for her business. Medicare paid $8.5 million on fraudulent claims filed on this couple’s behalf, Essayli said. Another couple, Gladwin and Amelou Gill, who were both previously convicted of tax evasion charges, were barred by law from opening a hospice, so they used their daughter’s name to open the hospice care, Essayli said. He added their hospice received more than $4 million in Medicare reimbursement payments, and he noted they dis...