Core Insights - Euna Solutions has launched Euna Marketplace, a Workday Certified Integration, now available on the Workday Marketplace [1] - This integration allows organizations using Workday to utilize Euna Marketplace's functionality within its procurement platform, enhancing purchasing, compliance, and analytics [1] Company Overview - Euna Solutions is recognized as a leading provider of purpose-built cloud solutions specifically designed for the public sector [1] - The introduction of Euna Marketplace signifies a strategic enhancement in Euna's offerings, aimed at streamlining procurement processes [1]

Core Viewpoint - The article provides an update on Workday (WDAY), emphasizing a bullish outlook on its AI products, partnership strategy, and WorkdayGO, while advocating for a fundamentals-based approach to value investing [1]. Group 1: Investment Philosophy - The company disagrees with the notion that low multiple stocks are inherently cheap, focusing instead on long-term durability and affordability [1]. - There is a preference for companies with steady long-term growth, no cyclicality, and a strong balance sheet [1]. - The article acknowledges the risks of investing in successful companies, particularly the potential to overpay, highlighting the importance of valuation [1]. Group 2: Market Potential - The company believes that in certain situations, the vast development runway of a company can make immediate price considerations less critical [1].

Core Viewpoint - The declaration of December 26 as a federal holiday by President Trump has blurred the lines between holiday and regular business operations, creating a unique situation for various sectors of the economy [1][8]. Banking Sector - Most major commercial banks, including Chase, Bank of America, and Wells Fargo, are open and operating under normal business hours despite the federal holiday [2][9]. - The Federal Reserve is processing transactions, ensuring the core banking system remains functional [2][9]. - Some smaller community banks or credit unions may have opted to close in alignment with the federal holiday, but the majority of financial institutions are back to business [3][9]. Federal Services - Non-essential federal offices are closed on December 26 due to the presidential order, affecting services such as the Social Security Administration and passport agencies [5][9]. - Individuals needing to visit federal offices or handle IRS-related business will have to wait until the following Monday [5]. Postal and Delivery Services - The US Postal Service is fully operational on December 26, as it is an independent establishment not required to follow the same closure schedule as federal agencies [6][9]. - Private delivery companies, including FedEx and UPS, have resumed normal operations after closing on Christmas Day [7][9]. Stock Market - The New York Stock Exchange and Nasdaq are open, returning to a full trading schedule after a shortened session on Christmas Eve and a full closure on Christmas Day [7][9].

Core Viewpoint - Workday Inc. shares are currently trading at $216.85, reflecting a slight increase of 0.65% in the current session, but a decline of 18.55% over the past year, raising questions about potential undervaluation despite the company's performance [1]. Group 1: P/E Ratio Analysis - The P/E ratio is a critical metric for long-term shareholders to evaluate a company's market performance against historical earnings and industry benchmarks [5]. - Workday Inc. has a P/E ratio of 90.9, which is lower than the software industry average of 96.03, suggesting that shareholders may perceive the stock as underperforming compared to its peers or potentially undervalued [6]. - A low P/E ratio can indicate undervaluation but may also reflect weak growth prospects or financial instability, necessitating a cautious approach when using this metric [9][10].

Core Insights - AI is no longer just a buzzword; it is actively redefining the finance sector, with CFOs focusing on real-world applications to enhance forecasting, financial planning, and strategic decision-making [1][2] - The year 2026 is anticipated to be pivotal for enterprise-scale AI, as pilot programs transition to full-scale deployments, with CFOs expecting measurable value from AI in terms of faster decisions and predictive insights [3] Group 1: CFO Perspectives - Zane Rowe, CFO of Workday, emphasizes the shift from exploring AI capabilities to building a scalable foundation, highlighting the importance of data governance and process redesign for successful AI integration [4] - Mandy Fields, CFO of e.l.f. Beauty, notes that AI enhances both macro and micro perspectives in finance, aiding in global growth and aligning with the company's teamwork culture [4] Group 2: Economic Outlook - Bank of America CEO Brian Moynihan projects a strong U.S. economy for 2026, with growth expected to rise from approximately 2% this year to about 2.4% next year, driven by AI investments and corporate spending [8][9] - Moynihan indicates that AI spending is increasing, with a notable shift in capital towards AI, which supports the bank's optimistic economic forecast [9] Group 3: Industry Trends - The finance industry is witnessing a transformation where AI is expected to play a crucial role in enhancing operational efficiency and providing competitive advantages [3][11] - CFOs across various sectors are increasingly recognizing the potential of AI to tackle complex challenges and drive value creation [11]

Core Insights - TransUnion has appointed Sayan Chakraborty and Charlotte Yarkoni to its Board of Directors, effective January 5, 2026, to enhance its product and technology innovation [1][2] Group 1: Appointments - Sayan Chakraborty, 58, previously served as President of Workday, where he was responsible for Product and Technology from 2024 to 2025, and Co-President starting in 2023 [2] - Charlotte Yarkoni, 56, most recently served as President of Commerce, Ecosystems, Cloud and AI at Microsoft from 2022 to 2025, leading the company's digital commerce infrastructure and customer engagement platforms [4] Group 2: Experience and Expertise - Chakraborty has a strong background in technology, having held multiple senior roles at Workday and previously co-founding an AI/ML analytics company, GridCraft, which was acquired by Workday [3] - Yarkoni has held leadership positions at major companies including Telstra, VMware, and EMC, and currently serves on the Board of Directors of Fiserv [5] Group 3: Strategic Importance - The appointments are expected to drive innovation and growth at TransUnion, with Chakraborty's experience in product development and Yarkoni's expertise in cloud adoption being pivotal for the company's future in AI-enabled solutions [6]

Core Perspective - The proposed Right to Disconnect Bill (RTD) in India raises questions about work-life balance and its implications for productivity and economic structure [1][7]. Group 1: Global Context and Comparisons - Australia implemented RTD in 2024, with 58% of surveyed employers reporting increased employee engagement and productivity, though only 39% noted improvements in work-life balance [3]. - Among the 11 countries with effective RTD laws, only Ireland and Belgium rank in the top 10 by GDP per hour, suggesting that RTD may not directly correlate with productivity or economic success [4]. Group 2: Challenges in India - India's labor market is characterized by a high share of informal workforce and a protective employer policy, complicating the implementation of RTD [5]. - The BFSI sector, contributing about 27% to India's GDP, may face operational challenges if RTD is enforced, particularly in relation to global client demands [5]. - Family-owned businesses, which account for 79% of India's GDP and employ over 60% of the workforce, are currently not investing significantly in capital expenditures, raising concerns about the impact of new legislation on operational costs [6]. Group 3: Economic Implications - The average monthly income for salaried and self-employed Indians has decreased after adjusting for inflation compared to six years ago, indicating economic strain [6]. - The introduction of RTD could necessitate cultural shifts and operational redesigns, potentially affecting service continuity in manpower-sensitive sectors [6][7]. - The question remains whether India's current productivity levels and economic structure are prepared for the implementation of RTD [7]. Group 4: Potential Trial and Sector-Specific Considerations - A suggestion is made to trial RTD in specific sectors, such as IT, which has already adapted to remote working, but concerns exist about the sector's vulnerability to AI threats [8].

Group 1 - HRSoft, Inc. has joined the Workday Partner Program and launched the HRSoft: Compensation Platform Marketplace App [1] - The partnership aims to enhance the Workday ecosystem by providing solutions for financial-services organizations to manage complex compensation programs [1] - HRSoft's compensation lifecycle platform offers integration that emphasizes precision, transparency, and scalability [1]

Core Insights - M&A activity has rebounded in 2025, with 10,333 deals valued at $1.6 trillion, marking a 45% increase in total deal value from the previous year, the second-highest ever recorded [1][4] - The AI boom and revitalized private equity (PE) activity are significant drivers of this growth, particularly in the technology sector, where 74 megadeals (valued at $5 billion or more) were recorded, with over 20% driven by AI [4][5] - PE deal volume increased by 4% to 1,484 transactions, while M&A value surged by 54% to $536 billion [5] Middle Market Trends - The middle market has seen a decline in M&A activity, projected to reach a decade low with only 496 deals, impacted by macroeconomic factors [6] - Despite this slump, PE firms are increasingly targeting the middle market for opportunities, although challenges related to valuation gaps remain [6] Future Outlook - Looking ahead to 2026, there is a mix of pressure and momentum, with potential opportunities arising from interest rates, AI development, and energy infrastructure [7] - PwC anticipates that if trade policy stabilizes and interest rates decrease, the M&A market could build on the gains made in 2025, encouraging both middle-market corporates and PE firms to re-enter the M&A space [9]

Core Insights - Automatic Data Processing, Inc. (ADP) is a leading company in the human resources and payroll services industry, providing services such as payroll processing, talent management, and benefits administration [1] - ADP's stock is currently trading at $264.96, with a recent price target set by Jefferies at $230, indicating a potential downside of approximately -13.19% [1] - The company has a market capitalization of approximately $107.16 billion, reflecting its significant position in the industry [5] Integration and Innovation - ADP's recent integration with Thatch, an Individual Coverage Health Reimbursement Arrangement (ICHRA) platform, is a notable development that benefits over 900,000 small businesses by offering flexible health coverage and automating payroll processes [2][6] - The strategic investment in Thatch by ADP Ventures in April 2025 highlights the company's focus on partnering with startups to drive innovation and enhance service offerings [3][6] - Matt Farwell, ADP's president of small business, retirement, and insurance, emphasized that this integration enhances agility and flexibility for small businesses, aligning with ADP's strategy to provide comprehensive solutions [3] Stock Performance - ADP's stock price has experienced fluctuations, with a current price of $264.96, reflecting a slight decrease of $1.14 or approximately -0.43% [4] - The stock has seen a high of $329.93 and a low of $247.18 over the past year, indicating volatility in its performance [4] - Today's trading volume for ADP is 1,678,732 shares, showing active investor interest despite the recent price target set by Jefferies [5]