Group 1 - The Data Driven Investor has achieved significant returns, with a Long Term Growth Portfolio up nearly 194% since 2018, driven by disciplined strategy and risk-aware execution [1] - The service focuses on uncovering alpha in the AI revolution while managing downside risk in a volatile tech landscape [2] - The investment approach includes Options Ideas for short-term income generation, Quantitative Stock Strategies, stock picking algorithms, Macro analysis, and tactical ETF strategies [2] Group 2 - Andres Cardenal, CFA, leads The Data Driven Investor, bringing over 25 years of experience in investment research and strategy development [2] - The company emphasizes a transparent approach to investing, with a 4.9-star average rating [1]

Core Insights - Howard Marks emphasizes the importance of balancing risk and reward in investment strategies, particularly for retail investors [1] - Oaktree Capital Management, led by Marks, is noted for its prudent investment approach, especially in late-stage markets [2] Company Summaries - **Nu Holdings**: Oaktree initiated a new position in Nu Holdings worth approximately $72 million, representing over 1.5% of its overall portfolio. The investment is significant due to Nu's international growth potential and modest valuation, despite Berkshire Hathaway's exit from its stake [3][4] - **Performance Metrics**: Nu Holdings has a forward price-to-earnings (P/E) multiple of 19.8, following strong earnings growth in Q3, making it an attractive option for investors seeking emerging market opportunities [4][7] - **Sea Limited**: Oaktree also added Sea Limited to its portfolio in Q3, which serves the Southeast Asian market. This investment provides diversification and growth potential similar to that of Nu Holdings [6][7]

Core Insights - Howard Marks is recognized as an influential investor with valuable insights for retail investors [1] Group 1 - Marks shares wisdom that can benefit average retail investors [1]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Nu Holdings Ltd. (NU) - Nu Holdings Ltd. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - Over the past week, NU shares increased by 0.44%, while the Zacks Banks - Foreign industry declined by 2.46% [5] - In the last quarter, NU shares rose by 7.36%, and over the past year, they increased by 14.23%, outperforming the S&P 500, which moved 4% and 12.33% respectively [6] Trading Volume - NU's average 20-day trading volume is 37,445,536 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for NU have been revised upwards, increasing the consensus estimate from $0.56 to $0.58 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, NU is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]

Core Insights - Nu Holdings (NYSE: NU) is a leading digital banking platform operating in three Latin American countries, showing significant growth potential for investors [1][3] Company Performance - Nu's share price has increased by 268% over the past 36 months, turning a $10,000 investment into over $36,790 [3] - The company has experienced a remarkable growth in customer base, reaching 127 million customers as of September 30, which is an 81% increase from three years ago [4] - Revenue has surged by 219% during the same period, with a net margin of 18.8% reported last quarter, indicating strong profitability [5] Investment Considerations - Despite the impressive past performance, analysts suggest that potential investors should consider other stocks that may offer better returns, as Nu Holdings was not included in a recent list of top stock recommendations [6][7]

Core Insights - Nu Holdings Ltd. reported better-than-expected earnings for Q3, with earnings of 17 cents per share, surpassing the analyst estimate of 16 cents [1] - Quarterly revenue reached $4.17 billion, exceeding the analyst consensus estimate of $3.8 billion and showing a significant increase from $2.94 billion in the same period last year [1] Growth and Customer Engagement - In Q3'25, Nu Holdings expanded its customer base to 127 million, adding over 4 million net customers, while maintaining an activity rate above 83% [2] - The company achieved record revenues exceeding $4 billion and net income of $783 million, indicating strong growth and deeper customer engagement [2] Future Vision - The CEO of Nubank, David Vélez, emphasized the company's vision to become AI-first, integrating foundation models into operations to enhance customer banking experiences [2] Stock Performance and Analyst Ratings - Following the earnings announcement, Nu Holdings shares rose 3.3% to $16.10 in pre-market trading [3] - Analysts have adjusted their price targets for Nu Holdings, with Susquehanna maintaining a Positive rating and raising the target from $17 to $19, while Keybanc maintained an Overweight rating and increased the target from $15 to $19 [5]

Market Overview - U.S. stock futures declined following a significant sell-off on Thursday, with major indices showing lower futures despite the government reopening [1][2] - The Nasdaq 100 index, typically strong in November, was down 3.34% month-to-date, contrasting with its historical average gain of 2.64% since 1985 [1] Treasury Yields and Market Projections - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.58%, with a 49.6% likelihood of the Federal Reserve cutting interest rates in December [2] Stocks in Focus - Warner Bros Discovery Inc. rose 3.34% amid acquisition interest from Comcast, Netflix, and Paramount, maintaining a strong price trend [5] - Nu Holdings Ltd. gained 2.98% after exceeding earnings expectations and adding 4.3 million new customers in Q3 [5] - Globant SA fell 3.31% after reporting earnings of $1.53 per share, missing estimates, although sales of $617.143 million exceeded expectations [5] - Applied Materials Inc. declined 4.82% despite better-than-expected Q4 results, impacted by a drop in China revenue [5] - Fluent Inc. dropped 6.93% after reporting disappointing Q3 results [5] Sector Performance - Consumer discretionary, information technology, and communication services sectors recorded the largest losses, while energy stocks closed higher [6] Analyst Insights - The current economic environment is described as a "K-shaped economy," with high-income consumers benefiting while low-income households face challenges [8] - Optimism for a potential economic reversal by 2026 is noted, driven by tax cuts, deregulation, and lower interest rates [9] - Investment opportunities are highlighted in technology-related trends, particularly in artificial intelligence [9] - The Financials sector is rated as most favorable, along with Industrials and Utilities [10]

Airbnb - Airbnb's management is focusing on integrating AI across its app to enhance user experience and service offerings, aiming for a fully AI-powered platform for trip planning and booking [2][3] - The company has launched an AI customer support assistant that has reduced the need for human agents by 15%, with plans to expand its capabilities to over 50 languages by 2026 [4][6] - AI search functionality is set to roll out in 2026, allowing users to interact with the app in a conversational manner to personalize their travel experiences [7][10] - Airbnb's approach to AI emphasizes real-world connections, aiming to attract users away from screens and towards authentic experiences [8][9] - The management believes that Airbnb's unique capabilities in travel will allow it to benefit more from AI compared to other travel companies, as it does not rely on standardized products [10][11] - The company is cautious about integrating with platforms like ChatGPT, preferring to maintain its unique brand identity and avoid being seen as a commodity [11][12] - Airbnb is delaying the introduction of an advertising business until after the successful implementation of AI search, indicating a strategic approach to new revenue streams [14][15] Arista Networks - Arista Networks is positioned to benefit from the growing demand for AI networking solutions, with a target of $2.75 billion in AI-related revenue for 2026 [19][20] - The company is actively involved in creating open ecosystems for AI networking, collaborating with major players like NVIDIA and Oracle [17][22] - Arista's Etherlink distributed switch fabric is designed to enhance the performance of AI accelerators, showcasing its strength in AI networking [16][19] - Management sees a significant market opportunity in AI build-outs, with a total addressable market exceeding $100 billion [20] - The company is experiencing strong demand for its networking solutions, particularly in large AI data center projects, and is involved in multiple AI accelerator projects [26][29] - Arista's management acknowledges the challenges of maintaining margins with cloud and AI customers but remains optimistic about overall growth [25][32] - The convergence of front-end and back-end networking is seen as advantageous for Arista, allowing it to offer comprehensive solutions across its infrastructure [34][35] Coupang - Coupang is focused on building its internal AI computing infrastructure to enhance operational efficiency and service quality [42] - The company is testing the potential for third-party usage of its AI infrastructure but is primarily concentrating on internal applications [42] - AI is delivering tangible benefits in areas such as demand forecasting and fulfillment automation, contributing to cost savings and improved customer satisfaction [42] Datadog - Datadog has seen strong revenue growth from AI native customers, with a notable increase in the number of companies spending significantly on its services [43][44] - The management is optimistic about the future growth of AI usage across various industries, indicating a broadening customer base [44] - Datadog's Bits AI agents are generating high customer interest, with positive feedback on their efficiency and effectiveness in operations [45][46]

Core Insights - Nu Holdings Ltd. reported a revenue of $4.17 billion for the quarter ended September 2025, marking a 41.8% increase year-over-year and exceeding the Zacks Consensus Estimate of $4.04 billion by 3.36% [1] - The company's earnings per share (EPS) was $0.17, up from $0.12 in the same quarter last year, and also surpassed the consensus EPS estimate of $0.15 by 13.33% [1] Financial Performance Metrics - Active customers reached 105.9 million, exceeding the average estimate of 104.45 million from two analysts [4] - Revenue from fee and commission income was $595.24 million, slightly above the average estimate of $587.06 million, representing a year-over-year increase of 26.8% [4] - Revenue from interest income and gains (losses) on financial instruments was $3.58 billion, surpassing the average estimate of $3.45 billion and reflecting a 44.6% increase compared to the previous year [4] Stock Performance - Nu's shares have returned +6.6% over the past month, outperforming the Zacks S&P 500 composite's +4.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Insights - Nu Holdings Ltd. reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.15 per share, and showing an increase from $0.12 per share a year ago, resulting in an earnings surprise of +13.33% [1] - The company achieved revenues of $4.17 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.36%, and up from $2.94 billion year-over-year [2] - Nu shares have increased approximately 56.2% year-to-date, significantly outperforming the S&P 500's gain of 16.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $4.27 billion, and for the current fiscal year, it is $0.56 on revenues of $15.22 billion [7] - The estimate revisions trend for Nu was favorable prior to the earnings release, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Banks - Foreign industry, to which Nu belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]