Market Performance - The Russell 2000 is the only major index showing gains, up by 0.70%, indicating small caps may be catching up amid recent economic reports [2] - The S&P 500 has experienced its first back-to-back decline of 2026, with declines of 0.53% [2] - The Nasdaq has also faced significant declines, down 1.00%, primarily due to the downturn in tech and financial sectors [2][12] Sector Performance - Health care, certain industrials, energy stocks, and utilities are among the bright spots in the market [1] - The financial sector has been under pressure, with the SPDR Financials ETF declining by 2.33% over the last five sessions [3] - Software stocks are leading decliners, with notable drops from companies like neobank Dave (-10.6%) and Unity Software (-8.99%) [9] Company Earnings - Major banks, including JPMorgan, Bank of America, Wells Fargo, and Citigroup, reported earnings that met expectations but received a lukewarm market response [4][24] - The SPDR Financial Select ETF is down about 1% for the second consecutive day, reflecting market sentiment towards bank earnings [25] Notable Movers - Critical Metals Corp saw a significant increase of 33.84% after announcing high-grade results from its Greenland mining project [6] - InfoSys rose by 9.16% after raising its revenue expectations, indicating positive sentiment in India's IT sector [7] - Biotech stocks are performing well, with Viking Therapeutics up 14.8% due to speculation around a weight loss drug [8]

Company Overview - Defiance ETFs has launched two new single-stock leveraged funds: Defiance Daily Target 2X Long RKT ETF (BATS:RKTL) and Defiance Daily Target 2X Long LUNR ETF (BATS:LUNL) [1][2] - RKTL targets Rocket Companies, a financial technology firm known for its digital mortgage origination platform, offering a range of mortgage and personal finance services [3] - LUNL provides leveraged exposure to Intuitive Machines, a company focused on lunar access and services, including the design and operation of lunar landers [5] Market Dynamics - Rocket Companies' stock is sensitive to macroeconomic factors such as housing affordability, interest rates, and mortgage demand, leading to significant price volatility [4] - Intuitive Machines is positioned in the emerging lunar economy, attracting attention due to mission milestones and developments related to NASA, as well as broader investor interest in space and defense [5] Investment Trends - The launches of RKTL and LUNL reflect a growing demand among active traders for exchange-traded products that allow for short-term directional views on individual stocks without the use of margin accounts or derivatives [6] - Single-stock leveraged ETFs have gained popularity among sophisticated retail traders seeking transparent, exchange-listed vehicles tied to volatile equities [6][7] - Defiance continues to expand its suite of leveraged ETFs, catering to investor appetite for tactical tools in fast-moving sectors such as fintech, housing, and space exploration [7]

Fundsmith Equity Fund Performance - Fundsmith Equity Fund's T Class Accumulation shares returned 0.8% in 2025, underperforming the MSCI World Index which returned 12.8% [1] - Since inception, the fund has outperformed the index by 1.7% per annum [1] - Underperformance in 2025 attributed to index concentration, growth of assets in Index Funds, and dollar weakness [1] Investment Focus and Strategy - Fundsmith Equity Fund highlighted Zoetis Inc. (NYSE:ZTS) as a key investment in its fourth-quarter 2025 letter [2][3] - The fund sold stakes in Brown-Forman and PepsiCo, and began purchasing Zoetis, EssilorLuxottica, Intuit, and Wolters Kluwer [3] - Zoetis is recognized as a leading veterinary pharmaceutical company, benefiting from long-term growth in pet healthcare spending [3] Zoetis Inc. Overview - Zoetis Inc. reported a market capitalization of $56.36 billion [2] - The company generated revenue of $2.4 billion in Q3 2025, reflecting a 1% increase on a reported basis and 4% on an organic operational basis [4] - Zoetis's share price faced challenges due to concerns over side effects from its drug Librela, although it remains prescribed by veterinarians [3] Hedge Fund Interest - Zoetis Inc. was held by 72 hedge fund portfolios at the end of Q3 2025, a slight decrease from 75 in the previous quarter [4] - Despite its potential, the company is not among the 30 most popular stocks among hedge funds [4]

Core Viewpoint - Intuit Inc. (INTU) is positioned as a strong investment opportunity over the next one to two years, driven by double-digit growth in its most recent quarter and a substantial base of ongoing users [1] Company Performance - The company has demonstrated double-digit growth in its latest quarterly results, indicating robust financial performance [1] User Base - Intuit benefits from a large and ongoing user base, which supports its growth trajectory and market stability [1]

Intuit Inc. ( INTU ) looks like a good buy over the next year or two. The company posted double-digit growth in its most recent quarter and benefits from a large base of ongoing users acrossWith over 15 years of experience in the markets and a degree in economics, I focus on breaking down companies with clarity and discipline. My goal is to give individual investors a straightforward, honest view—what’s working, what isn’t, and where the risks and opportunities actually are. I don’t chase narratives. I foll ...

ASX tech was one of 2025’s worst places to hide. The question for 2026: is this a blip, or the start of a longer reset?WiseTech, Xero and NextDC didn’t lose their moats overnight. Leverage, pricing changes and “swing for the fences” M&A forced the market to reprice risk.For every news headline about AI bubbles and the Magnificent Seven taking over the S&P 500, ironically, the ASX technology index was punished. With a 21% drop in the Technology index, it was one of the worst places to hide on the ASX in 2025 ...

Core Insights - Stock splits increase the number of shares owned while proportionately decreasing the value of each share, which means the total value of the investment remains unchanged [3][5][7] - Companies typically execute stock splits when their share prices are perceived as too high for many investors, although splits are primarily an accounting event with little impact on actual investment value [6][7] Stock Split Candidates for 2026 - Potential candidates for stock splits in 2026 include companies with high recent share prices, such as: - Booking Holdings at $5,427 - Autozone at $3,399 - Eli Lilly at $1,080 - ASML Holding at $1,072 - Costco Wholesale at $866 - AppLovin at $694 - Intuit at $670 - Meta Platforms at $666 - Ulta Beauty at $607 - Microsoft at $487 - Tesla at $454 - Broadcom at $350 - Coinbase Global at $232 - While predictions cannot be made with certainty, these companies are considered good candidates for potential splits in the coming year [8]

Company Performance - Intuit's stock closed at $662.42, reflecting a -1.11% change from the previous day, underperforming the S&P 500, which lost 0.74% [1] - Prior to the recent trading session, Intuit's shares had increased by 5.39%, outperforming the Computer and Technology sector's gain of 0.14% and the S&P 500's gain of 0.79% [1] Upcoming Earnings - Intuit's upcoming earnings release is highly anticipated, with projected earnings per share (EPS) of $3.65, indicating a 9.94% increase year-over-year [2] - Revenue is expected to reach $4.53 billion, reflecting a 14.23% growth compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $23.1 per share and revenue at $21.12 billion, representing increases of +14.64% and +12.16% respectively from the prior year [3] - Recent revisions to analyst forecasts for Intuit are important, as positive estimate revisions can signal a favorable business outlook [3] Valuation Metrics - Intuit has a Forward P/E ratio of 29, which is higher than the industry average of 23.86, suggesting that Intuit is trading at a premium [6] - The company has a PEG ratio of 2.04, compared to the industry average PEG ratio of 1.95, indicating a higher valuation relative to expected earnings growth [7] Industry Ranking - The Computer - Software industry, to which Intuit belongs, ranks in the top 34% of all industries, with a current Zacks Industry Rank of 82 [7] - The Zacks Rank system, which evaluates stocks based on estimate changes, indicates that Intuit currently holds a Zacks Rank of 3 (Hold) [5]

Group 1 - Bristol Gate Capital Partners' Q3 2025 investor letter indicates that the US Equity Strategy underperformed the S&P 500® Total Return Index this quarter but achieved a 15% dividend growth over the trailing 12 months due to strong underlying fundamentals [1] - The underperformance is attributed to limited exposure to the AI/TMT sector and the Value sector, which benefited from the Federal Reserve's rate cut [1] - The fund's top five holdings are highlighted as key picks for 2025 [1] Group 2 - Accenture plc (NYSE:ACN) is noted as a significant stock in the investor letter, with a one-month return of 3.44% and a 52-week decline of 23.25%, closing at $270.00 per share with a market capitalization of $167.438 billion [2] - Accenture was identified as a main detractor in the portfolio due to disappointing results from Gartner, which raised concerns about the impact of GenAI on consulting services [3] - Despite the challenges, Accenture's revenue from advanced AI tripled to $2.7 billion in fiscal 2025, with Gen AI bookings nearly doubling to $5.9 billion, indicating strong growth potential [3]

Group 1: Company Performance - Bristol Gate Capital Partners' US Equity Strategy underperformed the S&P 500® Total Return Index in Q3 2025, primarily due to limited exposure to the AI/TMT and Value sectors, which benefited from the Federal Reserve's rate cut [1] - The portfolio achieved a 15% dividend growth over the trailing 12 months, supported by strong underlying fundamentals [1] Group 2: Carrier Global Corporation (NYSE:CARR) - Carrier Global Corporation's stock experienced a one-month return of -0.72% and a 52-week decline of 21.73%, closing at $53.43 per share with a market capitalization of $45.47 billion on December 30, 2025 [2] - Despite quarterly results meeting or exceeding consensus estimates, Carrier's stock fell due to concerns over weak US residential HVAC orders and negative product mix affecting margins [3] - CEO David Gitlin indicated a lower Q3 volume forecast at a Morgan Stanley industry conference, citing a nearly 30% reduction in industry volumes for July and similar declines projected for August and September, with high interest rates and dealer destocking as primary headwinds [3] Group 3: Hedge Fund Interest - Carrier Global Corporation was held by 48 hedge fund portfolios at the end of Q3 2025, a decrease from 53 in the previous quarter, indicating reduced interest among hedge funds [4] - While acknowledging Carrier's potential, the analysis suggests that certain AI stocks may offer greater upside potential and lower downside risk [4]