Core Insights - Investors in the Retail - Discount Stores sector should consider Dollar General (DG) and Ross Stores (ROST) for potential value opportunities [1] Valuation Metrics - Dollar General has a Zacks Rank of 2 (Buy), while Ross Stores has a Zacks Rank of 3 (Hold), indicating a stronger earnings outlook for DG [3] - DG has a forward P/E ratio of 16.61 compared to ROST's forward P/E of 25.02, suggesting DG is more attractively priced [5] - The PEG ratio for DG is 2.14, while ROST's PEG ratio is 2.97, indicating DG's expected earnings growth is more favorable [5] - DG's P/B ratio is 2.8, significantly lower than ROST's P/B of 8.78, further supporting DG's valuation advantage [6] - Based on various valuation metrics, DG holds a Value grade of A, while ROST has a Value grade of C, reinforcing DG as the superior value option [6]

Group 1 - AutoNation (AN) is a notable stock in the Retail-Wholesale sector, currently outperforming its peers with a year-to-date return of approximately 27.1% compared to the sector average of 5.1% [4] - The Zacks Rank system indicates that AutoNation holds a Zacks Rank of 2 (Buy), reflecting improved analyst sentiment and a stronger earnings outlook, with a 5.2% increase in the consensus estimate for full-year earnings over the past 90 days [3] - AutoNation is part of the Automotive - Retail and Wholesale industry, which includes 10 companies and is currently ranked 18 in the Zacks Industry Rank, outperforming the industry's average gain of 1.2% this year [5] Group 2 - Dollar General (DG) is another strong performer in the Retail-Wholesale sector, with a year-to-date return of 34.4% and a Zacks Rank of 2 (Buy), supported by a 6.4% increase in the consensus EPS estimate over the past three months [4][5] - The Retail - Discount Stores industry, to which Dollar General belongs, is ranked 32 and has seen a gain of 3.5% this year, indicating a relatively weaker performance compared to AutoNation [6]

Core Points - VINCI SA has conducted share buybacks from October 06 to October 10, 2025, under the authorization granted by its General Meeting on April 17, 2025 [2] - A total of 428,475 shares were purchased during this period, with an average price of €116.5266 per share [2] Summary by Category Share Buyback Transactions - On October 06, 2025, VINCI purchased a total of 121,594 shares across three markets, with average prices ranging from €114.7809 to €115.1832 [2] - On October 07, 2025, the company bought 89,711 shares, with average prices between €114.9115 and €115.0490 [2] - On October 08, 2025, VINCI acquired 62,844 shares, with average prices from €116.8095 to €116.9887 [2] - On October 09, 2025, the total shares purchased were 61,838, with average prices between €118.3213 and €118.3532 [2] - On October 10, 2025, the company bought 92,488 shares, with average prices ranging from €118.3292 to €118.6809 [2] Market Information - The transactions were executed across multiple markets, including XPAR, CEUX, and TQEX, indicating a diversified approach to share buybacks [2] - The highest average price recorded during this period was €118.6809 on October 10, 2025 [2]

Core Points - VINCI SA has conducted share buybacks from September 29 to October 03, 2025, under the authorization from the General Meeting held on April 17, 2025 [2] - A total of 536,879 shares were repurchased during this period, with an average purchase price of €117.6289 [2] Summary by Category Share Buyback Transactions - On September 29, 2025, VINCI purchased 100,000 shares at an average price of €116.461084 [2] - On September 30, 2025, another 100,000 shares were bought at €117.197862 [2] - On October 1, 2025, 100,000 shares were acquired at €118.028409 [2] - On October 2, 2025, VINCI bought 77,132 shares at €117.936600, 36,804 shares at €118.276400, and 5,995 shares at €118.300300 across different markets [2] - On October 3, 2025, the company repurchased 75,442 shares at €117.895100, 35,601 shares at €118.807700, and 5,905 shares at €118.691400 [2] Market Information - The transactions were executed on various markets, including XPAR, CEUX, and TQEX [2] - The detailed information regarding these transactions is available on VINCI's official website [3]

Core Insights - Dollar General (NYSE: DG) is considered undervalued despite a recent recovery, supported by resilient financials and strong expansion plans both domestically and internationally [1] Company Analysis - The analyst has over 10 years of experience researching companies, having analyzed more than 1000 companies across various sectors including commodities and technology [1] - The focus of the analysis is on Dollar General, which is highlighted for its potential growth and value in the market [1] Industry Perspective - The analyst has transitioned from writing a blog to a value investing-focused YouTube channel, indicating a shift in how investment insights are shared [1] - The analyst expresses a preference for covering metals and mining stocks, while also being comfortable with other sectors such as consumer discretionary/staples, REITs, and utilities [1]

Core Insights - Dollar General remains undervalued despite recent recovery, supported by resilient financials and strong expansion plans both domestically and internationally [1] Company Analysis - The analyst has over 10 years of experience researching companies, having analyzed more than 1000 companies across various sectors including commodities and technology [1] - The focus of the analysis is on Dollar General, indicating a potential for growth and investment opportunities in the retail sector [1] Investment Strategy - The analyst has transitioned from writing a blog to a value investing-focused YouTube channel, showcasing a commitment to in-depth research on various companies [1] - The analyst expresses a preference for covering metals and mining stocks, but is also comfortable with consumer discretionary, staples, REITs, and utilities [1]

Group 1 - The company is a French public limited company with a share capital of €1,467,334,437.50 [1] - As of September 30, 2025, the total number of shares is 586,933,775 [1] - The theoretical number of voting rights is also 586,933,775, including treasury stock [1] - The number of voting rights excluding treasury stock is 560,486,562 [1] Group 2 - This disclosure is available on the company's website [2]

Economic Indicators - US MBA mortgage applications fell by -12.7% in the week ended September 26, with the purchase mortgage sub-index down -1.0% and the refinancing sub-index down -20.6% [1] - The September ISM manufacturing index rose +0.4 to a 7-month high of 49.1, exceeding expectations of 49.0 [6] - The September ADP employment change unexpectedly fell by -32,000, marking the largest decline in 2.5 years, while August was revised lower to -3,000 from +54,000 [5] Market Reactions - Stocks initially moved lower due to the US government shutdown, but later recovered, with the S&P 500 and Nasdaq 100 reaching new all-time highs [2][4] - The dollar index fell to a one-week low, while gold prices climbed to a record high amid risk-off sentiment [2] - Rising corporate earnings expectations are a bullish backdrop for stocks, with over 22% of S&P 500 companies providing guidance for Q3 earnings that are expected to beat analysts' expectations [8] Sector Performance - Pharmaceutical stocks rallied, with AstraZeneca closing up more than +9% and Eli Lilly up more than +8%, driven by hopes from Pfizer's deal with the US government [15] - Chipmakers and AI-infrastructure stocks also saw gains, with Super Micro Computer closing up more than +9% and Micron Technology up more than +8% [16] - Grocery retailers declined after Amazon announced a new private-label food brand, leading to Dollar Tree and Dollar General closing down more than -4% and -3% respectively [22] Upcoming Economic Data - Weekly initial unemployment claims are expected to increase by +7,000 to 225,000, and August factory orders are expected to rise by +1.4% month-over-month [9] - September nonfarm payrolls are anticipated to increase by +51,000, with the unemployment rate expected to remain unchanged at 4.3% [9]

Core Points - VINCI SA has conducted share buybacks from September 22 to September 26, 2025, under the authorization granted by the General Meeting on April 17, 2025 [2] - A total of 500,000 shares were purchased during this period, with daily transactions of 100,000 shares each day [2] - The daily weighted average prices for the shares purchased ranged from €115.03 to €117.64 [2] Summary by Category Share Buyback Transactions - On September 22, 2025, VINCI purchased 100,000 shares at a weighted average price of €116.89 [2] - On September 23, 2025, another 100,000 shares were bought at €117.64 [2] - On September 24, 2025, the company acquired 100,000 shares at €116.26 [2] - On September 25, 2025, the purchase was made at €115.03 for 100,000 shares [2] - On September 26, 2025, the final 100,000 shares were bought at €116.51 [2] Regulatory Compliance - The transactions were conducted in accordance with Regulation (EU) No 596/2014 regarding market abuse [3] - Detailed information about these transactions is available on the VINCI website [3]

Core Points - VINCI, in collaboration with Fulton Hogan, WSP, and Aurecon, has been awarded a contract for a 12-kilometre section of a new four-lane highway in New Zealand [1][2] - The project, known as Ō2NL, is part of the Wellington Northern Corridor programme and aims to connect the towns of Ōtaki and Levin, reducing journey times and diverting heavy traffic from town centres [2][3] - The contract is valued at approximately €120 million (NZD 237 million) for VINCI's share, with construction scheduled to begin in the last quarter of 2025 and completion expected by the end of 2029 [2][5] Project Details - The works will involve earthworks of 1.8 million cubic meters and the construction of 37 major culverts, along with five single-span bridges and a 200-metre-long bridge over the Ōhau River [3] - The bridge over the Ōhau River will utilize pre-stressed concrete Super-Hi girders, a product developed by HEB Construction for longer spans [3] Company Overview - VINCI is a global leader in concessions, energy services, and construction, employing 285,000 people across more than 120 countries [3] - The company focuses on designing, financing, building, and operating infrastructure and facilities that enhance daily life and mobility, while committing to environmentally and socially responsible practices [3]