Investment Philosophy - The investment approach of Van Geelen is inspired by George Soros's concept of reflexivity, emphasizing that narratives drive capital movements and can change reality [2] - Van Geelen's firm, Citrini Research, focuses on identifying stories that will influence capital flows before the market recognizes them [3][4] Performance and Strategy - Van Geelen's portfolio has increased by over 200% since May 2023, with successful trades including cheap Secured Overnight Financing Rate (SOFR) call options that yielded a 46x return [6] - He published a memo on Venezuelan sovereign bonds, predicting regime change, which materialized shortly after [7] Investment Opportunities 1. **Molina Healthcare** - Molina Healthcare operates with the lowest expense ratio in Medicaid, around 7%, and is positioned to benefit from potential margin recovery due to political gridlock [10][11] - The stock has declined by 40% over the past year, but Van Geelen projects significant earnings per share (EPS) growth based on expected margin improvements [12][14] 2. **WPP** - WPP is currently undervalued, trading at 0.2 times sales, as the market anticipates its extinction due to AI advancements [16] - The company has the potential to reduce its workforce significantly while maintaining revenue, indicating a turnaround opportunity [17] 3. **Choice Hotels** - With the upcoming 2026 World Cup in the U.S., Choice Hotels is expected to benefit from increased demand for budget accommodations [18][20] - The investment thesis is based on the certainty of millions of soccer fans needing hotel rooms, making it a straightforward opportunity [19] 4. **Tax-refund Beneficiaries** - Tax refunds for Americans in early 2026 are projected to be 30% to 50% larger than normal due to changes in the tax code, benefiting middle-income households [21][22] - Companies like Somnigroup International, Whirlpool, and Lithia Motors are positioned to capitalize on increased consumer spending from these refunds [23] Market Insights - Van Geelen emphasizes the importance of recognizing current realities rather than attempting to predict future events, highlighting that the World Cup and tax code changes are already established facts [24]

Core Viewpoint - U.S. stock futures are lower, with significant declines in several companies' shares during pre-market trading, particularly Exelixis Inc, which reported preliminary financial results for fiscal year 2025 [1]. Group 1: Exelixis Inc - Exelixis reported preliminary US net product revenue of $2.123 billion for fiscal year 2025 [1]. - The company projects net product revenue for 2026 to be between $2.325 billion and $2.425 billion [1]. - Exelixis shares fell 4.6% to $42.01 in pre-market trading following the announcement [1]. Group 2: Other Companies - Synchrony Financial shares dipped 9.5% to $78.61 in pre-market trading [3]. - Stoke Therapeutics Inc declined 8.7% to $30.00, announcing updates on enrollment timelines and Phase 3 data for zorevunersen [3]. - Capital One Financial Corp fell 8.4% to $228.35 in pre-market trading [3]. - Bread Financial Holdings Inc tumbled 8.3% to $73.72 [3]. - Himalaya Shipping Ltd dipped 5.7% to $8.72 [3]. - Mesoblast Ltd fell 5.1% to $19.90, despite a previous gain after reporting increased sales [3]. - American Express Co declined 5% to $357.00 [3]. - Lumentum Holdings Inc fell 4.7% to $335.00 [3]. - WPP PLC declined 4.5% to $22.63 [3]. - Citigroup Inc fell 4% to $116.50, with earnings results expected on January 14 [3].

Group 1 - WPP's share price has significantly declined this year, making it one of the worst performers in the UK stock market [1] - The share price reached a low of 265p in November, representing a 68% decrease from its peak level in 2024 [1]

Core Insights - Hotchkis & Wiley Mid-Cap Value Fund's third-quarter 2025 investor letter highlights strong equity market performance, with major indices reaching all-time highs driven by enthusiasm for AI, anticipated Federal Reserve rate cuts, and robust corporate earnings [1] - The fund outperformed the Russell Midcap Value Index, achieving a gain of 7.74% compared to the index's 6.18% [1] Company Analysis: WPP plc - WPP plc is identified as a leading ad agency holding company, experiencing pressure due to lower-than-expected revenue growth and disappointing Q2 earnings results [3] - The stock of WPP plc saw a one-month return of 8.57%, but it has lost 62.46% over the past 52 weeks, closing at $21.16 per share with a market capitalization of $4.575 billion as of December 09, 2025 [2] - The introduction of a new CEO with expertise in digital transformation and AI is viewed as a potential catalyst for the company's turnaround, with expectations of mid-teens returns from capital return and organic growth [3] Hedge Fund Interest - WPP plc was held by 11 hedge fund portfolios at the end of the third quarter, an increase from 8 in the previous quarter, indicating growing interest among institutional investors [4] - Despite recognizing WPP plc's potential, the company is not among the 30 most popular stocks among hedge funds, with certain AI stocks being perceived as offering greater upside potential and lower downside risk [4]

Core Viewpoint - The Gross Law Firm is notifying shareholders of WPP plc regarding a potential class action lawsuit due to misleading statements made by the company that may have led to significant financial losses for investors [1][3]. Group 1: Allegations and Impact - The allegations state that WPP provided overly positive statements while concealing material adverse facts about its media arm's ability to handle macroeconomic challenges, resulting in a loss of market share [3]. - Following a trading update on July 9, 2025, which indicated a deterioration in performance, WPP's stock price dropped from $35.82 to $29.34, a decline of approximately 18.1% in one day [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 22, 2024, to July 8, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is December 8, 2025, and there is no cost or obligation to participate in the case [4]. Group 3: Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to false or misleading statements [5].

Core Viewpoint - The article discusses an investigation into WPP plc regarding potential violations of federal securities laws, specifically related to misleading statements about the company's expected revenue for fiscal year 2025 and the subsequent impact on its stock price [1][2]. Group 1: Allegations and Company Performance - The complaint alleges that WPP and its executives made false and misleading statements about the company's media division, claiming confidence in revitalization efforts while concealing the true challenges faced, including significant market share loss [2][3]. - WPP's trading update on July 9, 2025, indicated a deterioration in performance, attributing this to macroeconomic uncertainties and weaker new business, partly due to ongoing restructuring efforts [3][4]. Group 2: Stock Price Reaction - Following the negative trading update, WPP's stock price dropped from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% in one day [4]. Group 3: Legal Proceedings - The article outlines the process for investors to seek the role of lead plaintiff in the class action lawsuit, emphasizing that any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member [5]. - The law firm Faruqi & Faruqi encourages individuals with information regarding WPP's conduct to come forward, including whistleblowers and former employees [6].

Group 1 - WPP Plc has been underperforming compared to its peers, as major competitors are consolidating into a single major company, which is expected to create actual value in the buying space [2] - The Valkyrie Trading Society is a team of analysts focused on high conviction and obscure developed market ideas, aiming for downside-limited investments that can generate non-correlated and outsized returns in the current economic environment [2] - The Value Lab offers a portfolio with real-time updates, 24/7 chat support, regular global market news reports, feedback on member stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions [2]

Core Points - Rosen Law Firm is reminding investors of WPP plc who purchased American Depositary Shares (ADS) between February 27, 2025, and July 8, 2025, about the December 8, 2025, deadline to secure counsel for a securities class action lawsuit [1][2][5] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][5] - The lawsuit alleges that WPP provided misleading statements about its media arm's capabilities, leading to significant market share loss and subsequent damages to investors when the truth was revealed [5] Legal Action Details - A class action lawsuit has already been filed, and interested investors must act by December 8, 2025, to serve as lead plaintiff [3][6] - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4] - Investors can join the class action by visiting the provided link or contacting the firm directly for more information [3][6] Firm's Credentials - The Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company [4] - The firm has been ranked highly for its number of securities class action settlements and has recovered hundreds of millions for investors [4] - Founding partner Laurence Rosen has received recognition as a leading figure in the plaintiffs' bar [4]

Core Viewpoint - Rosen Law Firm is encouraging investors of WPP plc who incurred losses exceeding $100,000 during the specified class period to secure legal counsel before the December 8, 2025 deadline for a securities class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased WPP American Depositary Shares (ADS) between February 27, 2025, and July 8, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by December 8, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The complaint alleges that WPP's management provided overly positive statements while concealing material adverse facts about the company's media arm, which was reportedly unprepared for macroeconomic challenges and losing market share [5].

Core Points - Investors have until December 8, 2025, to file lead plaintiff applications in a securities class action lawsuit against WPP plc [1] - The lawsuit pertains to securities purchased or acquired between February 22, 2024, and July 8, 2025, inclusive [1] - The actions are currently pending in the United States [1]