SSR Mining is a global precious metals producer with operations spanning gold, silver, and base metals across four continents.What happenedAccording to a Feb. 17, 2026, SEC filing, Condire Management, LP, fully exited its position in SSR Mining (SSRM +4.64%), selling 3,353,891 shares in a trade estimated at $81.90 million based on quarterly average pricing. The fund now reports zero shares held.What else to knowCondire fully liquidated its SSR Mining stake; the position now represents n/a of 13F assets unde ...

With high-occupancy and long-term lease terms, this REIT is built for stability. But, is it still a buy?Realty Income (O +0.92%) just expanded into Mexico and secured a $1.5 billion joint venture while maintaining a 5% monthly dividend. With 98.7% occupancy and long-term leases, this REIT is built for stability, but the real opportunity may lie in its new growth runway. The question is whether investors should act before momentum builds further in 2026.Stock prices used were the market prices of Feb. 13, 20 ...

The Direxion Daily Financial Bear 3X Shares is still useful for some traders, but don't expect it to act like 2008 is back.Lost in the commotion of the Global Financial Crisis was the fact that, back then, exchange-traded funds (ETFs) were young. They still are in financial market terms, but in 2008, the State Street SPDR® S&P 500 ETF Trust, which was the first ETF to trade in U.S., was just 15 years old. Yet even with that relative youth, one of the "stars" of the crisis was an ETF: The Direxion Daily Fina ...

Core Insights - The transportation industry is experiencing a significant shift towards autonomous vehicle (AV) technology, with electric vehicles gaining market share, primarily led by Tesla [1] - Investors may need to recalibrate their expectations for Tesla, especially in light of comments from competitors regarding the future of AVs [2] Group 1: Tesla - Tesla's current market cap stands at $1.5 trillion, with a price-to-earnings ratio of 382, indicating high investor expectations [8] - The company aims to launch a global robotaxi fleet to generate high-margin, recurring revenue, but faces numerous technical, regulatory, and safety challenges [6][7] - As of the end of last year, Tesla's robotaxis were operational in limited areas, suggesting that significant progress is still required to meet ambitious AV goals [7] Group 2: Uber - Uber is the leader in the ride-hailing market, boasting 202 million monthly active users and completing 3.8 billion trips in Q4 [4] - The CEO of Uber, Dara Khosrowshahi, predicts that by 2029, the company will be the largest facilitator of AV trips globally, although he cautions that AVs will remain a small part of the rideshare market for years [5] - Uber's partnerships and extensive user base provide a competitive advantage, allowing it to scale quickly in the AV space [9] - Khosrowshahi envisions a hybrid system of AVs and driver-enabled rides, which aligns with fluctuating demand and benefits Uber's business model [10]

Core Insights - Palo Alto Networks is experiencing significant growth as it addresses the increasing threats in the cybersecurity landscape, with severe cyberattacks occurring four times faster than a year ago [2][4] - The company is integrating artificial intelligence into its cybersecurity products to enhance efficiency and effectiveness in combating cyber threats [6][10] Financial Performance - In the fiscal 2026 second quarter, Palo Alto generated $2.6 billion in total revenue, marking a 15% increase year-over-year, with its next-generation security (NGS) portfolio growing over twice as fast [12][13] - The annual recurring revenue (ARR) for NGS reached $6.3 billion, reflecting a 33% growth [12] - The company has raised its full-year revenue forecast to $11.3 billion, a 23% increase from the previous year, with NGS ARR expected to grow by 54% to $8.6 billion [13] Product and Market Strategy - Palo Alto's Cortex XSIAM platform automates security operations, allowing 60% of its customers to remediate threats in under 10 minutes, a significant improvement from previous response times [7] - The company emphasizes "platformization," encouraging businesses to consolidate their cybersecurity needs with a single vendor to fill security gaps effectively [9][10] - As of the end of the fiscal 2026 second quarter, 1,550 customers were considered "platformed," a 35% increase from the previous year, with a net revenue retention rate of 119% [14][15] Competitive Positioning - Palo Alto's stock is currently trading at a price-to-sales (P/S) ratio of 11.1, which is 50% lower than its main competitor, CrowdStrike [16] - The NGS segment of Palo Alto generates more ARR than CrowdStrike's entire business, which is around $4.9 billion, and Palo Alto's NGS ARR grew by 33% compared to CrowdStrike's 23% [18] - Management believes there is potential for significant growth, aiming to triple NGS ARR to $20 billion by fiscal 2030, indicating a strong long-term investment opportunity [19]

Core Viewpoint - Amazon's stock has been declining, down 12% over the past year, despite strong performance and significant investment in artificial intelligence (AI), creating potential buying opportunities for investors [1][8] Investment in AI - Amazon plans to invest $200 billion in AI this year, the highest among major competitors, with CEO Andy Jassy emphasizing the company's expertise in understanding demand signals and generating returns on invested capital [3] - The company's cloud division, Amazon Web Services (AWS), has a run rate of $142 billion, with a 24% year-over-year sales increase in the fourth quarter, marking the highest growth rate in years [3][6] Market Position and Growth - Amazon is transitioning clients from on-premises solutions to cloud services, positioning itself to capitalize on this shift [4] - The company continues to lead in e-commerce, launching services like Amazon Now for rapid delivery, which has significantly increased shopping frequency among Prime members in markets like India [6] Advertising and Future Growth - The advertising segment is experiencing high growth, with a 22% year-over-year sales increase in the fourth quarter, and Prime Video ads attracting 315 million viewers [7] - Amazon is also advancing in its satellite business and other areas, providing additional avenues for future growth [7] Market Sentiment - Despite current market challenges, Wall Street analysts largely view Amazon as a buy, with a consensus target suggesting a potential 42% gain over the next 12 to 19 months, and one analyst predicting a 79% increase [1][8]

Core Insights - Nio is a leading Chinese electric vehicle manufacturer known for its smart SUVs and sedans, utilizing proprietary battery swapping technology and integrated service solutions to differentiate itself in the competitive EV market [5][8] Financial Performance - For the trailing twelve months (TTM), Nio reported revenue of $10.50 billion and a net income loss of $3.30 billion [3] - As of February 13, 2026, Nio's stock price was $4.95, reflecting a one-year price change of 16.20% [3] Recent Developments - In 2025, Nio introduced two new brands, Firefly and Onvo, which contributed to record sales and helped the company achieve significant EV delivery milestones [6] - Nio recorded its two highest monthly unit deliveries in October and December, surpassing 40,000 deliveries in each month [7] Investor Insights - RWC Asset Advisors sold its entire stake in Nio, amounting to 10,467,320 shares, with an estimated trade value of $79.76 million [2] - The decision to sell may have been influenced by a sharp increase in Nio's stock price, which rose over 25% in late Q3 due to a surge in vehicle deliveries [9] - Nio issued a "profit alert" indicating expectations of achieving its first-ever adjusted operational profit in Q4, projected between $100 million and $172 million, excluding share-based compensation expenses [10]

Core Viewpoint - Medtronic is highlighted as an attractive investment primarily due to its impressive dividend track record, having increased dividends for 48 consecutive years, positioning it to potentially join the ranks of Dividend Kings [1][3]. Dividend Program - The company has a remarkable history of increasing dividends, which is a strong indicator of its reliability and business stability [3][7]. - Achieving 48 years of consecutive dividend increases is a significant accomplishment, suggesting that Medtronic is a steady and reliable business that performs well regardless of economic conditions [4][7]. Financial Performance - Medtronic's revenue growth is consistent, supported by its extensive portfolio in the healthcare industry, although it may not be exceptionally high [6]. - The company has a gross margin of 67.46% and a dividend yield of 2.92%, indicating strong financial health [6]. Business Strategy - Management is divesting from its low-margin diabetes-care business, which is expected to enhance operating margins and profits [8]. - New product launches, such as the Hugo robot-assisted surgery system and pulse-field ablation treatment, are anticipated to drive sales growth in the medium term [9]. Market Position - Medtronic is one of the largest medical device companies globally, with a market capitalization of $124 billion [10]. - The stock is particularly appealing to income-seeking investors rather than those looking for high-growth opportunities [9].

Core Insights - Consumer staples are currently outperforming the S&P 500, which is near all-time highs, indicating a potential market warning sign [1][4][11] - Historically, when consumer staples lead the market, it often coincides with downturns in the S&P 500, suggesting a possible correction ahead [8][9][12] Consumer Staples Performance - The consumer staples sector, represented by the State Street Consumer Staples Select Sector SPDR ETF (XLP), has shown a significant increase relative to the S&P 500 [4][6] - This trend has been observed during previous market downturns, such as the tech bubble, financial crisis, and the 2022 bear market [6][9] Market Context - In 2026, despite the S&P 500 being near all-time highs, tech stocks are underperforming, while sectors like energy, consumer staples, and utilities are leading [2][11] - The current market dynamics suggest a risk-off sentiment, with a notable decline in the 10-year Treasury yield by approximately 20 basis points since February [12] Historical Correlation - The relationship between consumer staples and the S&P 500 is typically inversely correlated; when consumer staples outperform, it often precedes a correction in the S&P 500 [8][9] - Past instances of consumer staples leading the market have consistently resulted in corrections of 10% or more for the S&P 500 [9][11] Future Outlook - For the current market relationship to align with historical norms, either consumer staples must reverse their upward trend, or the S&P 500 is likely to face a correction [11][12]

Core Insights - D-Wave Quantum is transitioning from a speculative hardware company to a recurring revenue model, indicated by a significant Fortune 100 contract that suggests enterprise adoption [1] - There are concerns regarding insider selling and extreme valuation, which may create tension for investors [1] - If execution improves and Quantum Computing as a Service (QCaaS) scales, the long-term upside potential for the company could be substantial [1] Company Developments - The recent Fortune 100 contract represents a critical step in D-Wave's strategy to enhance its market position and credibility [1] - The shift towards a recurring revenue model is a strategic move to stabilize income and attract more investors [1] Market Concerns - Insider selling raises questions about the confidence of current stakeholders in the company's future [1] - The company's current valuation is considered extreme, which may deter potential investors despite the positive developments [1]