Key Takeaways PSKY is slated to report Q4 results on Feb. 25, with the Zacks Consensus Estimate pegged at $8.17B in revenue.PSKY's DTC segment is expected to sustain momentum on strong CBS and Paramount content.PSKY's unsolicited all-cash tender offer for WBD was rejected, adding complexity to the quarter.Paramount Skydance Corporation (PSKY) is scheduled to report its fourth-quarter 2025 results on Feb. 25.The Zacks Consensus Estimate for PSKY’s fourth-quarter revenues is currently pegged at $8.17 billion, ...

Core Insights - The Vanguard S&P 500 Growth ETF (VOOG) and the iShares Russell 2000 Growth ETF (IWO) target U.S. growth stocks but differ significantly in their focus, with VOOG emphasizing large-cap established companies and IWO focusing on smaller, fast-growing firms [2] Cost & Size Comparison - VOOG has a lower expense ratio of 0.07% compared to IWO's 0.24% - As of January 25, 2026, VOOG's one-year return is 16.16%, while IWO's is 15.31% - VOOG has a dividend yield of 0.49% and IWO has a yield of 0.56% - VOOG has a five-year beta of 1.08, indicating lower volatility compared to IWO's beta of 1.45 - VOOG's assets under management (AUM) stand at $22 billion, while IWO's AUM is $13 billion [3][4] Performance & Risk Comparison - Over the past five years, VOOG experienced a maximum drawdown of -32.74%, while IWO faced a more severe drawdown of -42.02% - An investment of $1,000 in VOOG would have grown to $1,880, whereas the same investment in IWO would have grown to $1,097 [5][8] Portfolio Composition - IWO tracks 1,098 small-cap growth stocks, with significant allocations in healthcare (26%), technology (23%), and industrials (20%) - The largest positions in IWO include Bloom Energy, Credo Technology Group, and Kratos Defense & Security Solutions, each under 2% of total assets - VOOG is concentrated in large-cap U.S. growth stocks, with technology making up nearly 50% of its assets, followed by communication services and financial services - Top holdings in VOOG include Nvidia, Microsoft, and Apple, which collectively account for over 30% of its assets [6][7] Investor Implications - Growth ETFs cater to various investor preferences, with VOOG focusing on larger, more stable companies that may better withstand market volatility compared to smaller firms in IWO [10]

Core Insights - The SPDR S&P 500 ETF Trust (SPY) and the iShares Russell 2000 ETF (IWM) serve distinct purposes in a diversified investment strategy, with SPY focusing on large-cap U.S. companies and IWM on small-cap domestic stocks [1][2] Cost & Size Comparison - SPY has a lower expense ratio of 0.09% compared to IWM's 0.19%, making it more attractive for fee-conscious investors [3] - As of December 31, 2025, SPY has a one-year return of 16.57% while IWM's is 12.04% [3] - SPY also offers a slightly higher dividend yield of 1.06% compared to IWM's 0.97% [3] - SPY has significantly higher assets under management (AUM) at $701 billion versus IWM's $72 billion [3] Performance & Risk Comparison - Over the past five years, SPY has shown stronger cumulative growth, with a growth of $1,843 from an initial investment of $1,000, compared to IWM's $1,259 [4] - SPY has a max drawdown of -24.50%, while IWM's max drawdown is -31.91%, indicating that SPY has experienced shallower losses during downturns [4] - IWM has a higher beta of 1.30 compared to SPY's beta of 1.00, reflecting greater volatility associated with small-cap stocks [3][4] Holdings Composition - SPY tracks the S&P 500 Index, holding 503 large-cap U.S. stocks, with a significant sector tilt towards technology (35%), financial services (13%), and communication services (11%) [5] - The top three holdings in SPY—Nvidia, Apple, and Microsoft—account for over 20% of its assets [5] - IWM, on the other hand, holds 1,961 small-cap stocks, with no single stock dominating its portfolio; its largest sectors are healthcare, financial services, and technology [6] - The top holdings in IWM—Credo Technology Group, Bloom Energy, and Fabrinet—represent less than 3% of total assets [6] Investment Implications - Large-cap stocks, represented by SPY, tend to be more stable during market volatility, while small-cap stocks, represented by IWM, can offer greater potential for explosive growth but come with higher volatility [8][9] - The recent performance of large companies, such as Nvidia, has led to SPY outperforming IWM in both 12-month and five-year total returns [10] - Investing in both large-cap and small-cap segments can help diversify a portfolio, although small-cap stocks may be more susceptible to price fluctuations [11]

Core Insights - IREN Limited (IREN) shares fell 12.4% after reporting weaker-than-expected earnings for Q1 fiscal 2026, with earnings of 1 cent per share missing the Zacks Consensus Estimate of 14 cents [1] - The company achieved net earnings of $384.6 million, a significant recovery from a loss of $176.9 million in the previous quarter [1] - Total revenues increased by 28.3% sequentially to $240.3 million, surpassing the consensus estimate by 8.83% [1] Financial Performance - Bitcoin revenues reached $232.9 million, up 29.1% sequentially, while AI Cloud Services revenues slightly increased to $7.3 million from $7.0 million [3] - Adjusted EBITDA was $91.7 million, down from $121.9 million in the previous quarter, with the adjusted EBITDA margin contracting to 38% from 65% [4] - Operating expenses rose to $236 million due to higher SG&A expenses and depreciation costs related to the expanded data center platform [4] Balance Sheet Strength - As of September 30, 2025, IREN had $1.03 billion in cash and cash equivalents, up from $564.5 million at the end of the previous quarter [5] - The company secured $400 million in total GPU financing and issued $1 billion in zero-coupon convertible notes in October 2025 to enhance liquidity and support growth initiatives [5] Future Outlook - IREN is targeting an annualized AI Cloud revenue run-rate of $3.4 billion by the end of 2026, with approximately $1.9 billion expected from its Microsoft contract and $1.5 billion from GPU deployments in British Columbia [6][7] - The company is transitioning its operations in British Columbia from bitcoin mining to AI, including the deployment of liquid-cooled data centers [6]

Core Insights - The Vanguard Russell 2000 ETF has underperformed the S&P 500 over the past decade, generating a total return of 148% compared to the S&P 500's 295% [7][8] - The ETF provides broad diversification, with its largest holding accounting for only 0.74% of the portfolio, minimizing the impact of any single stock's performance [6] - Valuation metrics suggest that the Russell 2000 may be undervalued compared to the S&P 500, with a price-to-earnings ratio of 18.3 versus 28.9 for the S&P 500 [9] ETF Performance - The Vanguard Russell 2000 ETF has generated a total return of 148% as of October 21, 2023, meaning a $10,000 investment in October 2015 would be worth $24,760 today [7] - The ETF has an expense ratio of 0.07%, which is low and allows investors to retain more capital over time [8] Sector Exposure - The top sector in the Vanguard Russell 2000 ETF is industrials, which makes up 18.9% of the portfolio, contrasting with the S&P 500's 34.8% allocation to information technology [4] Market Conditions - Small-cap stocks, represented by the Russell 2000, are often seen as a bet on the overall U.S. economy, and potential interest rate cuts by the Federal Reserve could serve as a catalyst for these stocks [10] Investment Strategy - While the Vanguard Russell 2000 ETF may not be the primary investment vehicle, it could be a valuable component of a diversified portfolio, providing exposure to small-cap stocks without overly concentrating assets [13]

Core Insights - Credo Technology Group reported third-quarter earnings of 25 cents per share, exceeding the analyst consensus estimate of 18 cents, with quarterly revenue of $135 million, significantly up from $53.05 million a year ago, and above the consensus estimate of $120.06 million [1][2] - The company anticipates fourth-quarter revenue between $155 million and $165 million, surpassing the consensus estimate of $137.43 million [1] Financial Performance - The revenue beat was driven by a substantial increase in sales to its largest customer, Amazon, which accounted for 86% of third-quarter revenue, reflecting a sequential growth of 388% [2][4] - Management expects Amazon's revenue contribution to remain strong in the fourth quarter, while other customers are projected to account for approximately 33% of total revenue [3][4] Customer Diversification - Credo is planning to diversify its customer base, with expectations that 3-4 customers will exceed the 10% revenue threshold starting in the fourth quarter of fiscal 2025 and continuing into fiscal 2026 [4][6] - The company has ramped AECs (Application-Specific Integrated Circuits) at three hyperscalers, including Microsoft and Amazon, and is in qualification with two additional hyperscalers for fiscal 2026 [6][7] Future Outlook - Management reiterated expectations for over 50% growth in fiscal 2026, despite a more robust second half of fiscal 2025 than previously anticipated [5] - Analysts have responded positively, with Needham and Roth MKM maintaining a Buy rating on Credo, both setting a price target of $80, while Susquehanna lowered its price target from $80 to $60 [8] Stock Performance - Following the earnings report, CRDO stock experienced a decline of 15.4%, trading at $45.87 [9]