Spencer Platt/Getty Images News Cathie Wood’s ARK Invest actively rotated out of large-cap technology, crypto-linked equities, and consumer internet names during the last week, while only selectively adding a few names. The firm’s flagship ARK Innovation ETF ( ARKK ), Next-Generation Internet ETF ( ARKW ), Fintech Innovation ETF ( ARKF ) and Genomic Revolution ETF ( ARKG ) collectively executed br...
Spencer Platt/Getty Images News Cathie Wood’s ARK Invest actively rotated out of large-cap technology, crypto-linked equities, and consumer internet names during the last week, while only selectively adding a few names. The firm’s flagship ARK Innovation ETF ( ARKK ), Next-Generation Internet ETF ( ARKW ), Fintech Innovation ETF ( ARKF ) and Genomic Revolution ETF ( ARKG ) collectively executed broad-based selling, led by Nvidia ( NVDA ), Roku ( ROKU ), Recursion Pharmaceuticals ( RXRX ) and Bullish, Ark funds were heavy net sellers of semiconductor and AI-linked names, offloading a combined over 213K shares of Nvidia ( NVDA ) worth over $37M across ARKK ( ARKK ), ARKW ( ARKW ), and ARKF ( ARKF ). Advanced Micro Devices ( AMD ) saw over 57K shares sold, while Taiwan Semiconductor Manufacturing ( TSM ) recorded more than 18K shares sold during the last week. Broadcom ( AVGO ) also saw a minor reduction. The moves suggest profit-taking and rebalancing within the AI supply chain, alongside decreasing exposure to Teradyne ( TER ), with sell trades totaling a little less than 82K shares, worth close to $24M. In large-cap internet and platform names, ARK sold over 90K shares of Meta Platforms ( META ), worth close to $50M, while trimming 9K shares of Alphabet ( GOOG ). The fund manager further downsized its stake in Netflix ( NFLX ), Spotify Technology ( SPOT ) and Pinterest ( PINS ). Ark pared holdings in Block ( XYZ ), about 107K shares worth over $6M, while stakes in Sea ( SE ) and DoorDash ( DASH ) were also trimmed modestly. These moves indicate a broad-based de-risking across consumer internet and digital platform equities. Ark also aggressively lightened its exposure to high-beta and speculative innovation names, including Recursion Pharmaceuticals ( RXRX ) 631K shares. Archer Aviation ( ACHR ) saw 899K shares offloaded, and Roku ( ROKU ) recorded a large multi-day sell program totaling over 234K shares. The fund reduced its holdings in Beam Therapeutics ( BEAM ) a...
KenWiedemann Aldi launched a revamped website and mobile app in the U.S. through a partnership with Instacart ( CART ). The goal is to make online grocery shopping simpler, more personalized, and easier to navigate for Aldi customers. The new digital experience is powered by Instacart’s Storefront Pro commerce platform and fulfillment tools, and Instacart is now Aldi's exclusive fulfillment partne...
KenWiedemann Aldi launched a revamped website and mobile app in the U.S. through a partnership with Instacart ( CART ). The goal is to make online grocery shopping simpler, more personalized, and easier to navigate for Aldi customers. The new digital experience is powered by Instacart’s Storefront Pro commerce platform and fulfillment tools, and Instacart is now Aldi's exclusive fulfillment partner across its website and mobile app. Highlights from the update were noted to include better product recommendations, improved product discovery, and shoppable recipes for meal planning. Aldi said the partnership helps customers save both time and money by offering a more convenient way to shop online while preserving the brand’s value-focused experience. Customers can continue to receive delivery and curbside pickup, with fulfillment designed to be fast and reliable. Notably, Aldi and Instacart ( CART ) have worked together since 2017, and Instacart ( CART ) has powered fulfillment for Aldi since 2019. The companies said the new platform supports Aldi's digital expansion across its more than 2,600 U.S. stores. Globally, Aldi is based in Germany, where the company originated and where its two major divisions—Aldi Nord and Aldi Süd—are headquartered in Essen and Mülheim an der Ruhr, respectively. In the U.S., Aldi’s headquarters is in Batavia, Illinois, about an hour west of Chicago. Aldi has a dual corporate structure, split in 1961 into the separate family-owned Aldi South and Aldi Nord businesses, which operate in different geographic regions. The company has its U.S. headquarters located in Batavia, Illinois. Aldi management has consistently signaled that it can fund its expansion plans without public equity, so analysts do not expect an IPO announcement. More on the retail sector Retail Sector Recap: Consumers Pull Back On Weak Outlook Retail Sector Steps Into The Earnings Spotlight, What To Watch For In Q4 Reports Meet Wonder: The company that wants to be the Amazon of...
Dzmitry Skazau/iStock via Getty Images Key Takeaways Markets: In the fourth quarter of 2025 (Q4), new issuance of municipal (muni) bonds increased 14% year-over-year compared to 2024, culminating in a new annual record with tax-exempt issuance surpassing $500 billion. By quarter end, the yield on the benchmark 10-year United States Treasury (UST) note moved two basis points (bps) higher to 4.17%, ...
Dzmitry Skazau/iStock via Getty Images Key Takeaways Markets: In the fourth quarter of 2025 (Q4), new issuance of municipal (muni) bonds increased 14% year-over-year compared to 2024, culminating in a new annual record with tax-exempt issuance surpassing $500 billion. By quarter end, the yield on the benchmark 10-year United States Treasury (UST) note moved two basis points (bps) higher to 4.17%, and the yield on the 30-year UST bond increased by 11 bps to 4.84%. The mid-November resolution of the US federal government shutdown supported sentiment through year-end. The Fed policy also drove overall returns, with three consecutive 25 bps rate cuts which were well received by the market. However, the future path of cuts grew ambiguous as Fed members were split on the need for further adjustments. Contributors: Underweight duration exposure. Detractors: Overweight allocation to AAA rated bonds. Outlook: Municipal bond valuations continue to appear attractive, particularly on a tax-adjusted basis. In a more challenging environment, strong bottom-up research and disciplined security selection will be essential to identifying relative value and preserving portfolio quality. Performance Review Over the quarter, Franklin Intermediate Municipal SMA Composite underperformed its benchmark (gross and net of fees), Bloomberg Managed Money Intermediate Index. The strategy's duration, which is shorter than that of the benchmark, aided relative returns for the period due to overweight to muni bonds with two or less years to maturity as muni yields in the longer-maturity portion of the muni yield curve increased. An overweight to AAA rated muni bonds, along with an underweight to AA rated munis, detracted from performance during the period as lower-rated issues modestly performed better than their higher-rated peers. Drawing on the expertise of our dedicated municipal research team, we remain focused on issuers that we believe possess strong fiscal underpinnings. Outlook While Q4 mu...
AIRO Group Holdings press release ( AIRO ): Q4 GAAP EPS of $0.00 misses by $0.09 . Revenue of $48.3M (+21.7% Y/Y) misses by $3.92M . Revenue for the fourth quarter of 2025 was $48.3 million, compared to $39.7 million in the fourth quarter of 2024, reflecting continued demand for the Company’s drone systems and deliveries incorporating upgraded capabilities for the RQ-35 Heidrun platform. Initiatin...
AIRO Group Holdings press release ( AIRO ): Q4 GAAP EPS of $0.00 misses by $0.09 . Revenue of $48.3M (+21.7% Y/Y) misses by $3.92M . Revenue for the fourth quarter of 2025 was $48.3 million, compared to $39.7 million in the fourth quarter of 2024, reflecting continued demand for the Company’s drone systems and deliveries incorporating upgraded capabilities for the RQ-35 Heidrun platform. Initiating 2026 outlook with expected year-over-year revenue growth of 15% - 25% Approximately $150 million of Drone segment backlog as of March 31, 2026, with meaningful conversion expected in 2026 More on AIRO Group Holdings AIRO: The Most Misread Defense Stock Historical earnings data for AIRO Group Holdings Financial information for AIRO Group Holdings
Walter Cicchetti/iStock Editorial via Getty Images Over the past few years, DoorDash ( DASH ) has fundamentally proven its ability to scale while maintaining a path toward massive profitability. The stock has sold down 45%+ from its all-time highs. I believe this is an opportunity to buy a hyper-growth platform at a bargain. The sell-off was caused by agentic disruption fears and new growth invest...
Walter Cicchetti/iStock Editorial via Getty Images Over the past few years, DoorDash ( DASH ) has fundamentally proven its ability to scale while maintaining a path toward massive profitability. The stock has sold down 45%+ from its all-time highs. I believe this is an opportunity to buy a hyper-growth platform at a bargain. The sell-off was caused by agentic disruption fears and new growth investments, then fueled by the general market correction and higher gas prices for drivers. These problems are either misunderstood or are short-term headwinds, while the fundamentals continue to improve. I rank DASH as a Strong Buy with a fair value of $175. The main concerns that the market had from its Q4 earnings came from its bias towards sacrificing short-term margin expansion for accelerated growth. Investments require execution and cause margins to be compressed. However, I believe DASH is positioning itself to have durable growth and margin expansion driven by geographic expansion, operating leverage, and its advertising business. Business Overview DoorDash runs at an incredible scale, completing 903 million orders last quarter, up 32% YoY. The recent spike in performance came from the inclusion of its Deliveroo acquisition. Quarterly Reports/Google Sheets DoorDash is more than just a restaurant delivery app. It is the infrastructure for local e-commerce. The market is underestimating their aggressive expansion into grocery and retail (G&R), with 30%+ of MAU using it and expected profitability later this year. DASH now consists of three main global pillars: DoorDash for North America and Australia, Wolt scaling throughout Central and Eastern Europe, and the massive $3.9 billion acquisition of Deliveroo for Western Europe and the Middle East. Then DASH drives higher frequency and retention with a monthly subscription, with over 35 million people holding DashPass and Wolt+. An underappreciated portion of DASH is their advertising business. Their apps are virtual real esta...
TOYO press release ( TOYO ): FY Non-GAAP EPS of $1.48. Revenue of $427.4M (+142% Y/Y) beats by $28.5M, surpassing the upper end of the Company's previously updated guidance range of $375–$400 million issued in September 2025. Net Income: $37.2 million, which includes a one-time non-cash share-based compensation charge of approximately $13.7 million. Non-GAAP Adjusted Net Income: $52.2 million, 769...
TOYO press release ( TOYO ): FY Non-GAAP EPS of $1.48. Revenue of $427.4M (+142% Y/Y) beats by $28.5M, surpassing the upper end of the Company's previously updated guidance range of $375–$400 million issued in September 2025. Net Income: $37.2 million, which includes a one-time non-cash share-based compensation charge of approximately $13.7 million. Non-GAAP Adjusted Net Income: $52.2 million, 769% increase from $6 million last year. Outlook for full year 2026 Solar cell shipments are expected to reach approximately 5.5-5.8 GW for the full year 2026, fueled by continued demand Solar module shipments are expected to reach approximately 1-1.3GW for the full year 2026 Adjusted net income for the full year 2026 is expected to reach approximately $90-100 million