Market Overview - Market indices are retreating from all-time highs due to uncertainty surrounding technology markets and the impact of AI on businesses [1] Investment Strategy - The company emphasizes the importance of a solid base of classic dividend growth stocks, complemented by Business Development Companies, REITs, and Closed End Funds to enhance investment income [1] - A hybrid investment system that balances growth and income can achieve total returns comparable to traditional index funds like the S&P [1]

Core Viewpoint - The article discusses the potential for a market bubble to burst, highlighting concerns among investors regarding current market conditions and valuations [1]. Group 1: Author Background - The author has 28 years of experience as a professional trader, analyst, and portfolio manager, previously managing the equity trading desk at Northern Trust Co. in Chicago [1]. - The author is now a private investor and the founder of a nonprofit investor advocacy firm, providing coaching and stock picks to subscribers [1]. - The author's average annual return is reported at 17.2% from January 2009 to the end of 2024 [1]. Group 2: Investment Strategy - The author publishes stock picks in a newsletter format, sending updates directly to subscribers on a weekly basis [1]. - For comprehensive market outlooks and model portfolio updates, the author directs readers to visit zeninvestor.org [1].

Market Overview - Rotation and diversification have been key strategies in the market recently, with yield plays and value stocks outperforming the flat S&P 500 year-to-date through Valentine's Day 2026 [1] Fund Performance - A specific fund has benefited from the influx of money into these outperforming sectors, indicating a shift in investor preferences towards yield and value investments [1] Investment Strategy - The focus on thematic investing and macro drivers of various asset classes such as stocks, bonds, commodities, currencies, and crypto is emphasized, showcasing a comprehensive approach to market analysis [1] Content Creation - The importance of creating engaging and educational financial content is highlighted, with a focus on using empirical data and charts to communicate investment narratives effectively [1]

Core Insights - eBay is transitioning from a traditional marketplace to a high-margin advertising platform, indicating a shift in its business model and market perception [1][7] - The upcoming quarterly results are expected to show earnings per share of approximately $1.35 and revenue around $2.87 billion, reflecting continued growth despite economic challenges [2][3] Financial Performance - In the most recent quarter, eBay's revenue increased by about 9% year over year, while gross merchandise volume (GMV) rose by 8%, demonstrating resilience in its marketplace operations [3] - Advertising revenue reached $525 million in the third quarter, accounting for 2.6% of GMV, highlighting the rapid growth of eBay's advertising business [5] Business Model Evolution - eBay's advertising segment is growing faster than its core business, which enhances the quality of its earnings as it does not rely on inventory or shipping [5][7] - The company is evolving into a monetization platform that leverages AI-driven tools and promoted listings to maximize transaction value [7] Investment Considerations - The stock is viewed as a long-term investment opportunity rather than a short-term trade, with consistent share buybacks and dividends contributing to its appeal as a cash-generating platform [8] - Potential investors are advised to consider buying eBay only if they are prepared to hold for years, focusing on the long-term impact of its advertising and platform shift [10]

Core Viewpoint - Globalstar (GSAT) has shown significant appreciation of 104% since the initial recommendation of a Strong Buy in January 2025, indicating a potential undervaluation of the stock [1]. Group 1: Company Performance - The stock price of Globalstar has increased by 104% since the initial coverage, suggesting strong market performance and investor confidence [1]. Group 2: Investment Strategy - The investment approach involves deep research into companies before making investment decisions, categorizing positions as "hold," "sell," or "long" based on market conditions [1].

Core Viewpoint - A class action lawsuit has been filed against Ultragenyx Pharmaceutical Inc. for allegedly providing misleading information regarding the efficacy of its drug setrusumab during clinical trials, leading to inflated stock prices for investors who purchased shares between August 3, 2023, and December 26, 2025 [1][5][6]. Group 1: Lawsuit Details - The lawsuit claims that Ultragenyx's management made overly positive statements about setrusumab's ability to reduce fracture rates in Osteogenesis Imperfecta patients while concealing material adverse facts about the drug's actual efficacy [5][6]. - It is alleged that the Phase III Orbit and Cosmic studies were less likely to demonstrate the claimed benefits than management suggested, which misled investors [6]. Group 2: Investor Information - Investors who purchased Ultragenyx common stock during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors can visit the provided link or contact the law firm for more information [3][7]. Group 3: Law Firm Credentials - The Rosen Law Firm, which is leading the class action, has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [4].

Core Viewpoint - The article discusses predictions for annual dividend increases for long-term dividend growth companies, emphasizing the effectiveness of investing in dividend growth stocks for wealth accumulation over time [1]. Group 1: Investment Strategy - The company has a history of exploring various investment styles over 25 years, ultimately finding that buying dividend growth stocks and reinvesting dividends is a straightforward method for long-term wealth growth [1]. - The company operates a blog, HarvestingDividends.com, which provides insights on S&P Dividend Aristocrats and other dividend growth stocks [1]. Group 2: Analyst Position - The analyst has a beneficial long position in Walmart (WMT) shares, either through stock ownership, options, or other derivatives [2]. - The article reflects the analyst's personal opinions and is not influenced by compensation from any company mentioned [2].

Core Insights - Bitcoin and Ethereum experienced negative returns in 2025, but investor optimism for long-term growth remains strong [1][6] - The iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA) provide direct exposure to Bitcoin and Ethereum, respectively, and are compared based on fees, returns, risk, and portfolio composition [2] Group 1: Cost & Size - Both IBIT and ETHA have an expense ratio of 0.25% and are equally priced [3] - As of February 14, 2026, IBIT has an AUM of $51.53 billion, while ETHA has an AUM of $6.29 billion, indicating a significant difference in scale [3] Group 2: Performance & Risk Comparison - Over the past year, IBIT had a return of -29.35% and ETHA had a return of -23.90% [3] - The maximum drawdown for IBIT was -49.36%, while ETHA experienced a larger drawdown of -61.57% [4] - A $1,000 investment in IBIT would have grown to $720, while the same investment in ETHA would have grown to $753 over one year [4] Group 3: Fund Composition - IBIT, launched on January 5, 2024, exclusively holds Bitcoin, while ETHA, launched six months later, exclusively holds Ether [5] - Both funds are characterized by high volatility and provide direct exposure to the cryptocurrency market [5] Group 4: Market Context - The negative performance of Bitcoin and Ethereum in 2025 marks the first annual decline since 2022, highlighting the volatility of the crypto market [6] - Despite ongoing investments from governments and institutions in the crypto space, the market is expected to experience fluctuations similar to the stock market [6] Group 5: Long-term Outlook - Historically, IBIT has increased nearly 40%, while ETHA has decreased by 41%, suggesting a potential advantage for IBIT in the long term [8] - IBIT is associated with a cryptocurrency that has greater institutional and governmental support compared to Ethereum [8]

Group 1 - The CEF/ETF Income Laboratory manages portfolios targeting safe and reliable yields of approximately 8% to facilitate income investing [2] - Micro- and small-cap stocks have surged at the beginning of the year, with mid-cap stocks also showing strong performance, while major indexes like Nasdaq 100, S&P 500, and Dow Jones Industrial Average did not participate to the same extent [2] - The service provided by the CEF/ETF Income Laboratory includes managed portfolios, actionable income and arbitrage recommendations, and in-depth analysis of closed-end funds and exchange-traded funds [2] Group 2 - The community associated with the CEF/ETF Income Laboratory consists of over a thousand members focused on finding the best income ideas, catering to both active and passive investors [2] - The majority of holdings in the portfolios are monthly-payers, which aids in faster compounding and smoothing income streams [2]

Core Insights - Raine Group is experiencing a leadership transition in its India office, with three senior bankers, including the country head Gaurav Mehta, set to leave to establish a new investment banking firm [10] - The firm is actively restructuring its business in India to enhance cross-border transaction capabilities and sees significant opportunities in advisory and investment mandates in the region [3][10] - Raine Group manages over $3.1 billion in assets and provides advisory services including mergers and acquisitions, divestitures, and private capital raising [6][10] Company Developments - Gaurav Mehta, the head of Raine in India, along with managing directors Naveen Asopa and Girish Punjabi, are departing to form a new investment banking entity [10] - Jeff Sine, co-founder of Raine, is now leading the Mumbai office and is focused on building a team to advance a significant pipeline of deals [2][10] - The firm has notable deals in India, including an $8.5 billion joint venture between The Walt Disney Co. and Reliance Industries Ltd. [7][10] Industry Context - The Indian market for first-time share sales is experiencing a slow start in 2026, following two years of record fundraising [7][10] - M&A activity in India has seen a significant decline, with deal volumes dropping more than 60% compared to the same period last year [7][10]