Investment Themes - The world needs to invest trillions of dollars in AI infrastructure and lower-carbon energy sources, alongside addressing the retirement-income gap due to an aging population [1][2] Brookfield Corporation - Brookfield Corporation is positioned at the intersection of AI infrastructure, wealth products, and real estate recovery, launching its first AI infrastructure fund targeting $100 billion in assets [4][5] - The company anticipates 25% annual earnings growth over the next five years, with a projected $7 trillion investment needed in AI infrastructure over the next decade [5] Kinder Morgan - Kinder Morgan operates the largest natural gas infrastructure platform in the U.S., transporting 40% of the country's gas production, and is well-positioned to meet the growing demand for gas [7][8] - The company expects gas demand to rise by 28 billion cubic feet per day by 2030, with $10 billion in new capital projects planned to enhance its growth outlook [8] Meta Platforms - Meta Platforms is investing heavily in AI, aiming to build personal superintelligence and has launched several AI products, including a popular AI chatbot and AI glasses [9][11] - The company is in the early stages of its AI potential, with significant upside expected for existing apps and new products [12] NextEra Energy - NextEra Energy is a leader in clean energy infrastructure, partnering with AI companies for power supplies and estimating investments of $295 billion to $325 billion in clean power and data centers through 2032 [12][14] Realty Income - Realty Income is a major REIT focusing on income-generating properties, benefiting from the $50 trillion need for U.S. retirement investment and the $14 trillion in corporate real estate [15][17] - The REIT aims to unlock real estate value through sale-leaseback transactions to support its high-yielding monthly dividend [17] Prologis - Prologis focuses on industrial real estate and is leveraging its expertise in energy to develop data centers, with a power pipeline of up to 5.7 gigawatts [18][19] - The company has strong momentum in logistics and digital infrastructure, signing a record 228 million square feet of leases last year, which is expected to drive earnings and dividend growth [19]

Core Viewpoint - Danone has announced a targeted recall of a limited number of infant formula batches in specific markets due to adjustments in regulatory guidance from food safety authorities in various countries [1][2] Group 1: Company Actions - Danone is implementing a recall of specific batches of infant formula products in response to the current overall situation in the infant formula industry [1] - The company has previously taken measures to withdraw or suspend sales of certain infant formula batches in individual markets based on local regulatory requirements [2] Group 2: Industry Context - The recall comes amid heightened scrutiny and reports of recalls across multiple European countries, affecting several international dairy companies due to risks associated with bacterial toxins [2] - Regulatory agencies and consumers are increasingly concerned about the safety of infant formula products following these recent developments [2]

Core Viewpoint - Danone is proactively recalling specific batches of infant formula products in response to evolving food safety guidance from local authorities, emphasizing its commitment to food safety and consumer trust [1][2]. Group 1: Recall Announcement - Danone will withdraw a limited number of specific batches of infant formula products from targeted markets to comply with the latest food safety guidance [2]. - The company reassures that its products are safe and fully compliant with all applicable safety regulations [1][2]. Group 2: Company Overview - Danone is a leading global food and beverage company focused on health-oriented categories, including Essential Dairy & Plant-Based products, Waters, and Specialized Nutrition [4]. - The company generated €27.4 billion in sales in 2024 and operates in over 120 markets with a workforce of more than 90,000 employees [4]. - Danone's portfolio includes well-known international brands such as Actimel, Activia, and evian, as well as strong local brands [4].

Core Insights - Brookfield and Blackstone are major players in the alternative investment sector, each managing over $1 trillion in assets [1] - Both firms have provided substantial returns to shareholders, with Blackstone achieving a 26.5% annualized total return over the past decade and Brookfield at 18.3%, both outperforming the S&P 500's 15.9% return [2] Company Overview - Blackstone operates a straightforward business model focused on alternative asset management, including private equity, credit & insurance, real estate, and hedge funds, generating steady management and performance fees [4] - Brookfield combines alternative asset management with a wealth management platform and a portfolio of operating companies, managing capital for investors while also investing directly in its funds and businesses [5] Growth Projections - Brookfield anticipates annual earnings growth exceeding 25% over the next five years, an increase from its previous five-year growth rate of 22% [6] - Despite its growth potential, Brookfield's current stock price of approximately $47 per share is significantly below its estimated intrinsic value of $68 per share [6] Investment Outlook - While Blackstone is expected to continue enriching its investors, Brookfield's undervalued stock and strong earnings growth outlook position it for greater potential returns in the future [7] - Both companies have been effective in creating wealth, with Blackstone returning most of its rising earnings to investors through dividends and share repurchases, while Brookfield allocates capital to enhance shareholder value [8]

Core Viewpoint - Bill Ackman's investment strategy through Pershing Square Capital shows strong performance in 2025, with potential for continued success in 2026, focusing on building a diversified holding company similar to Berkshire Hathaway [1][2]. Group 1: Alphabet Inc. - Ackman's investment in Alphabet represents 22.6% of his marketable equities, driven by the belief that the market undervalues its AI capabilities and overestimates competition from AI chatbots [3][4]. - Alphabet's Google Cloud revenue grew by 34% year-over-year in Q3, with expanding operating margins and strong adoption of its AI accelerators, TPUs [4][5]. - The company has made significant advancements with its Gemini AI model, leading to a 15% growth in Google Search revenue in Q3 2025, and a partnership with Apple to enhance Siri, expected to generate billions in revenue [5][6]. Group 2: Brookfield Corp. - Brookfield Corp. accounts for 17.7% of Ackman's marketable equities, primarily driven by its subsidiary Brookfield Asset Management, which constitutes about 75% of its value [7][9]. - The company reported $154 million in net carried interest in Q3, a significant increase from $61 million year-over-year, with expectations of $25 billion in net carried interest over the next decade [10][11]. - Brookfield's Wealth Solutions insurance business is projected to double its assets in five years, with a 15% return on equity, leading to strong earnings growth [11]. Group 3: Uber Technologies - Uber Technologies makes up 15.5% of Ackman's marketable equities, facing concerns about competition from autonomous vehicles but positioned as a key partner for self-driving initiatives [12][13]. - The company has seen a 17% increase in monthly active users and a 4% rise in trips per user in Q3, contributing to strong top-line growth and 33% adjusted EBITDA growth [15][16]. - Despite significant investments in future technologies, Uber's stock is valued at around 22 times its trailing adjusted EBITDA, indicating strong growth potential [16].

Core Viewpoint - Brookfield Corporation has demonstrated strong historical performance with a 19% compound annualized total return over the past 30+ years, significantly outperforming the S&P 500's 11% annualized return, indicating potential for future growth [1][7] Growth Catalysts - The company is positioned to benefit from several megatrends, including the launch of the Brookfield AI Infrastructure Fund, which aims to acquire up to $100 billion in AI infrastructure assets [3] - Brookfield is expanding its wealth solutions platform and introducing new investment products for individual investors, alongside managing over $272 billion in real estate assets [3] - The company anticipates a 25% annualized growth in its distributable earnings per share over the next five years, projecting the intrinsic value of its stock to reach $140 by 2030 [4] Investment Potential - With the current stock price around $47, there is potential for the stock to triple in value by 2030, making it an attractive investment opportunity [4][5] - The global need for $7 trillion in AI infrastructure investment over the next decade, along with increasing demand for wealth products from aging populations and a recovering real estate market, supports Brookfield's growth outlook [8]

Core Viewpoint - Danone is investing $4 million to expand its yogurt production facility in Texas to meet the increasing demand for high-protein dairy products driven by the use of GLP-1 weight loss drugs, with the capacity upgrade expected to be completed by September this year [1]. Group 1: Investment and Expansion - The expansion will enhance production capacity for core brands such as Danimals, Activia, and YoCrunch in the North American market [3]. - The Texas facility currently employs approximately 210 staff, but the company has not disclosed the number of new jobs that will be created post-expansion [3]. Group 2: Market Demand and Growth Potential - Danone's North America yogurt business president, Rafael Acevedo, highlighted the significant growth potential in the yogurt category under the current market conditions, with the existing product portfolio being adaptable to changing consumer demands [4]. - The company's comparable sales in the North American market grew by 1.5% in the third quarter of last year, indicating both volume and product mix improvements [4]. - This marks the second expansion by Danone in the past six months, following an upgrade of the Minster facility in Ohio last August, which added production space and introduced a new production line [4]. Group 3: Response to Market Trends - The recent surge in popularity of high-protein yogurt has put pressure on the supply side, affecting the pace of new product development [4]. - The Texas facility expansion aims to alleviate capacity constraints and create room for future product innovation [4].

Group 1 - Brookfield Residential Properties ULC will release its 2025 fourth quarter and year-end results on February 12, 2026, after market closes [1] - The financial results will be available on the company's website [1] - A conference call to discuss the results and current business initiatives is scheduled for February 13, 2026, at 11:00 am (EST) [2] Group 2 - Brookfield Residential is a leading land developer and homebuilder in North America, involved in creating master-planned communities and conducting homebuilding operations [3] - The company also engages in strategic real estate opportunities, including infill projects and joint ventures [3] - Brookfield Residential is part of Brookfield Corporation, a global alternative asset manager [3]

Core Thesis - Brookfield Corporation is viewed as a powerful long-term compounding machine, often compared to Berkshire Hathaway, due to its vertically integrated model and focus on critical real assets [3][5] Company Overview - Brookfield Corporation operates as a multi-asset manager with a focus on real estate, credit, renewable power, infrastructure, venture capital, and private equity, managing over $1 trillion in third-party capital [2][3] - The company generates earnings through three interconnected engines: asset management, wealth solutions, and operating businesses [4] Financial Performance - Brookfield has a three-decade track record of approximately 19% annualized returns, with management guiding toward over 20% growth in distributable earnings [5] - The company's shares were trading at $47.29, with trailing and forward P/E ratios of 134.24 and 13.77, respectively [1] Market Position - Despite its strong performance and growth potential, Brookfield trades at a significant sum-of-the-parts discount, with the market undervaluing its Wealth Solutions, real estate, carried interest, and operating platforms [5] - The complexity of Brookfield's business model has kept many retail investors on the sidelines, but this complexity also conceals its potential for sustained compounding and multiple expansion [3][5]

Core Viewpoint - The focus is on identifying GARP (growth at a reasonable price) stocks while also exploring various investment opportunities across the market [1]. Group 1: Investment Strategy - The investment approach does not adhere to a specific time horizon; stocks are held as long as the investment thesis remains valid, with exits occurring when facts change [1]. - The use of market-beating algorithms developed with Python has been instrumental in identifying attractive investment opportunities within the portfolio [1]. Group 2: Professional Background - The individual has experience working at TipRanks as an analysis/news writer and editor, which has enhanced market awareness and understanding of reader interests [1]. - Attention to detail has been emphasized, with a recognition of the prevalence of misinformation in the market that needs correction [1].