All right, let's talk about some calls. Uh, speaking of upgrades, city today has initiated on aerospace and defense. Lidos by 218.Weiss, that's you. >> Yeah, look, I I love the sector. It's a difficult sector to invest in because it's obviously dependent on government contracts.Sometimes companies that are well positioned don't get it. Lidos, I like in particular because they they really have multiple legs of the stool. It's been a great stock for me and I have no interest in selling any of it.Management's ...

Aerospace and Defense Sector - The Aerospace and Defense ETF (ITA) is experiencing its second-best year ever, indicating strong sector performance [2] - Lidos is highlighted as a strong investment due to its diversified operations and solid stock performance [1] - Boeing is no longer viewed as a turnaround story, with new management successfully focusing on quality and safety, leading to a positive outlook [2][3] - Lockheed Martin has faced challenges, including losing the F-47 contract to Boeing and a significant classified charge, but the F-35 remains a highly sought-after product [3][4] Company-Specific Insights - Lockheed Martin is expected to rebound by 2026, with attractive valuations and strong product offerings [4] - QXO is seen as a compelling investment opportunity, with management's recent guidance indicating strong future performance [5] - Spotify is positioned for growth with a price target of $805, driven by the introduction of ad pricing and improved margins [6] Oil and Gas Sector - Chevron's target price is set at $206, reflecting a 36% upside from current levels, with expectations of revenue growth exceeding overall oil demand [7][8] - Chevron is recognized for its capital discipline, which has recently improved after a period of deviation from this strategy [8]

Group 1 - The article emphasizes the investment philosophy focused on small cap companies, highlighting the importance of identifying mispriced securities through understanding financial drivers and utilizing DCF model valuation [1] - The methodology allows for a flexible approach to investing, not confined to traditional categories such as value, dividend, or growth investing, but rather assessing all prospects of a stock to evaluate risk-to-reward [1]

Core Viewpoint - The company aims to establish itself as the most premium global sportswear brand, with a focus on strong product momentum in the Asia-Pacific region [1] Company Strategy - The CEO of On Holding emphasizes the strategy to build a premium sportswear brand [1] Market Performance - The company's products are experiencing strong momentum specifically in the Asia-Pacific market [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Market Overview - U.S. equities showed upward momentum in Q3, with the S&P 500 Index increasing by 8.1% and the Russell Midcap Growth Index rising by 2.8% [2] - Investor optimism was driven by favorable tariff outcomes, the passing of the One Big Beautiful Bill Act, anticipated interest rate cuts, and strong corporate earnings [2] Strategy Performance - The ClearBridge Growth Strategy outperformed its benchmark for the second consecutive quarter, supported by diversified growth contributors [3] - Key themes driving performance included artificial intelligence (AI) and cryptocurrency, with significant gains from holdings like Broadcom, AppLovin, Palantir, and Robinhood [3][4] Sector Contributions - Strong stock selection and strategic sector positioning were pivotal, with Broadcom's announcement of a new customer for its AI-focused XPU chips highlighting its market leadership [4] - L3Harris benefited from increased demand in defense spending, while TKO secured a lucrative deal with Paramount for UFC rights, showcasing the value of premium content [5] Portfolio Positioning - The strategy maintained a disciplined approach by trimming winners and reallocating capital into new opportunities, adding four new positions during the quarter [8] - Notable additions included On Holding, a premium footwear designer, and Roblox, a leading user-generated gaming platform, both expected to drive strong revenue growth [9][10] Individual Stock Performance - Leading contributors to performance included AppLovin, TE Connectivity, Broadcom, Robinhood, and L3Harris, while detractors were Vertex Pharmaceuticals, Chipotle, and HubSpot [20] - The strategy closed positions in Paylocity and Ultragenyx Pharmaceutical, reflecting a focus on evolving investment theses [20] Outlook - The strategy aims to maintain a balanced portfolio to capture upside in strong markets while providing downside protection during volatility [16] - The focus remains on monitoring stock-specific and sector allocations, reallocating capital to opportunities with attractive risk-reward profiles [17]

Summary of Key Points from the Conference Call Industry or Company Involved - The conference call primarily discusses various companies within the **US Equity Market**, focusing on sectors such as **Consumer Discretionary**, **Information Technology**, **Industrials**, **Healthcare**, and **Financials**. Core Insights and Arguments Buy-Rated Ideas 1. **3M (MMM US)**: Expected improvement in organic growth and margins due to operational efficiency and innovation, with a target price of USD 175.00, implying a 12.2% upside from the current price of USD 155.93 [13][14] 2. **Broadcom (AVGO US)**: Anticipated to benefit from ASIC TAM expansion, with a target price of USD 400.00, representing a 19.2% upside from USD 335.49 [15][16] 3. **Booking Holdings (BKNG US)**: Positioned to leverage structural shifts in the travel sector, with a target price of USD 7,218.00, indicating a 33.2% upside from USD 5,419.87 [18][19] 4. **Hershey (HSY US)**: Strong pricing power and potential cocoa price normalization could lead to positive surprises, with a target price of USD 211.00, an 8.1% upside from USD 195.18 [20][21][22] 5. **Johnson & Johnson (JNJ US)**: Strong pipeline execution with three new blockbuster drugs, target price of USD 210.00, an 11.6% upside from USD 188.16 [24][25] 6. **Meta Platforms (META US)**: Growth driven by AI investments, target price of USD 905.00, a 26.5% upside from USD 715.66 [26][27][28] 7. **On Holding (ONON US)**: Fastest growing in luxury and sporting goods, target price of USD 65.00, a 52.7% upside from USD 42.57 [31][32][33] 8. **Oracle (ORCL US)**: Strong position in AI cloud market, target price of USD 371.00, a 27.2% upside from USD 291.59 [34][35][38] 9. **United Airlines (UAL US)**: Strong positioning in premium demand, target price of USD 116.00, a 19.5% upside from USD 97.07 [39][40][41] 10. **US Bancorp (USB US)**: Expected improved revenue momentum, target price of USD 63.00, a 32.0% upside from USD 47.72 [43][44] Reduce-Rated Ideas 1. **Fluence Energy (FLNC US)**: High tariffs and stagnant market conditions lead to a target price of USD 5.00, indicating a -67.2% downside from USD 15.26 [48][49][50] 2. **Tesla (TSLA US)**: Concerns over commercialization of pre-revenue businesses, target price of USD 131.00, a -71.1% downside from USD 453.25 [51][52][53] 3. **UnitedHealth Group (UNH US)**: High turnaround expectations with regulatory risks, target price of USD 260.00, a -27.5% downside from USD 358.77 [58][59] Other Important but Possibly Overlooked Content - The conference highlighted the importance of **sustainability of EPS beats**, **margin pressures**, and **AI capital expenditures** as key themes for the upcoming earnings season [9] - The **travel sector** is undergoing a tech-driven evolution, with Booking Holdings positioned to benefit from this shift due to its diversified portfolio and strong relationships with independent properties [18][19] - **Hershey's** ability to navigate high cocoa prices through pricing strategies and operational efficiency was emphasized, suggesting potential for earnings momentum [20][22] - **Oracle's** significant backlog of work and its position as a leading AI cloud vendor were noted as critical factors for future growth [35][38] This summary encapsulates the key insights and arguments presented during the conference call, providing a comprehensive overview of the companies and sectors discussed.

Uh, Bin, your final trade is what. Mic Microsoft. Everyone's focused on Oracle and Open AI, but make no mistake, Azure is OpenAI's core cloud computing partner.I think they're going to crush earnings, and Amy Hood and SA are the adults in the room in this AI race. All right, thank you very much, Farmer Jim on holdings. I think we all know the running shoes.I just recently reinitiated it right at about this price. It's got some nice momentum here, and the valuation is attractive. Man, we went the whole show ...

Core Insights - Nike Inc (NYSE:NKE) is identified as a trending stock with potential for significant upside, supported by a price target increase from $93 to $100 by JPMorgan's retail analyst Matt Boss [1] - The company is undergoing a strategic shift with a new team focusing on merchandising, inventory, and product development, which had been neglected in recent years [1] - Sands Capital Global Growth Strategy has exited its position in Nike, citing market saturation and operational challenges as reasons for their decision [2] Group 1 - JPMorgan's analyst believes Nike's stock has more upside due to improved company dynamics and a focus on merchandising [1] - The analyst highlights that Nike's margins could lead to earnings power exceeding $4 if revenue growth is sustained [1] - Sands Capital views Nike as a maturing business facing challenges, leading to their decision to sell the stock [2] Group 2 - The shift towards direct sales during the COVID era is noted as a self-inflicted misstep that impacted Nike's wholesale partnerships and product innovation [2] - The company is now attempting to reclaim shelf space that was lost during its previous focus on profitability and online sales [1] - There is a belief that while Nike has potential, other AI stocks may offer better returns with lower risk [3]

Group 1 - The article highlights that NIKE (NKE) is facing challenges in maintaining reasonable growth, while smaller brands like Deckers Outdoor's Hoka and On Holding are performing better [1] - The performance of smaller brands suggests a shift in consumer preferences towards niche and specialized athletic footwear [1]