Hello and welcome to Market Domination. I'm Josh Lipton live from our New York headquarters. There's just an hour to go now until the closing bell and stocks. They are extending gains from Wednesday's rally. Our very own Jared Blickery standing by with all the headlines. Jared? >> Yes, Josh. We have now recovered most of those losses from earlier in the week. And let's check out what the Dow is doing here. Uh we can see it's been in the green the entire day. Here is the entire week. So we are now 4 days in. ...

Summary of Tesla Inc 4Q25 Preview Conference Call Company Overview - **Company**: Tesla Inc (TSLA) - **Industry**: Autos & Shared Mobility - **Market Cap**: $1,478,276 million - **Stock Rating**: Equal-weight - **Price Target**: $425.00 - **Current Price (as of Jan 20, 2026)**: $419.25 - **Fiscal Year Ending**: December 2024, 2025, 2026, 2027 Key Financial Metrics - **Deliveries**: Estimated at 1.6 million units in 2026, which is 9% below consensus and represents a -2.5% year-over-year decline. Breakdown includes: - North America: -13% Y/Y - Europe: -5% Y/Y - China: +0.5% Y/Y - Rest of World: +19% Y/Y [6][8] - **Auto Gross Margin (ex-ZEV credit)**: - 4Q25: 14.2% (vs. consensus of 14.8%) - 2026: 14.2% (vs. consensus of 15.0%) [6][8] - **Energy Volume Growth**: Expected to grow by 37% Y/Y to 64 GWh in 2026, with energy gross margins declining by 50 bps Y/Y to 30% [6][8]. - **Free Cash Flow**: Estimated to burn $1.5 billion in 2026, contrasting with consensus expectations of a positive $3.1 billion. This is attributed to a significant increase in capital expenditures [6][8]. - **FSD (Full Self-Driving)**: Anticipated global attach rate to increase to 17.5% by year-end 2026, up from approximately 12% currently. Key drivers include approvals in Europe and China, and the launch of Unsupervised FSD [6][8]. Strategic Updates 1. **Robotaxi Rollout**: - Expecting 1,000 vehicles in the fleet by year-end 2026. - Critical updates on the public launch in Texas and safety improvements from the robotaxi fleet in Austin are anticipated [6][8]. 2. **Unsupervised FSD**: - Significant increase in FSD miles driven from ~90 million in 2022 to ~7.4 billion by 2025. - The rollout of a more enhanced "eyes off" experience is expected throughout 2026 [6][8]. 3. **AI5 Chip Design**: Updates on Tesla's AI5 chip design and future compute efforts are expected [9]. 4. **Optimus Gen 3**: Initial unveil planned for February/March 2026, which is becoming increasingly important for Tesla's valuation [9]. 5. **Convergence of Ventures**: Updates on how Elon Musk's other ventures may synergize with Tesla's operations are anticipated [9]. Risk Factors - **Market Competition**: Increased competition from traditional OEMs, startups, and large tech firms in both the automotive and robotics sectors [30]. - **Execution Risks**: Risks associated with the rollout of robotaxi, FSD, and humanoid robots [30]. - **Regulatory Risks**: Potential regulatory challenges, particularly in China [30]. Conclusion Tesla Inc is navigating a complex landscape with significant challenges in delivery growth and margin pressures, while also pursuing ambitious technological advancements in AI and autonomous driving. The upcoming earnings call is expected to provide critical updates that could influence stock performance and investor sentiment.

Core Insights - The article highlights the rapid development of the robotics industry in Guangdong, showcasing its transformation into a world-class industrial cluster, particularly in humanoid robots and automation solutions [1][2][6] Group 1: Industry Growth and Market Position - Guangdong holds approximately 63% of the global humanoid robot supply chain, with significant contributions from local manufacturers [1] - The region has over 160,000 robotics-related enterprises, leading the nation in this sector [1] - The speed of innovation in the Greater Bay Area is reportedly 30 times faster than Silicon Valley, with costs being only a fraction of those in the U.S. [2] Group 2: Technological Advancements and Ecosystem - Companies in Guangdong have achieved breakthroughs in core technologies and key components for robotics, enabling rapid prototyping and order fulfillment [2][4] - The unique mechanism of talent flow between academia and industry fosters innovation, allowing for effective commercialization of intellectual property [4] Group 3: Strategic Development Plans - Guangdong aims to develop "Artificial Intelligence + Robotics" into a high-tech, high-growth, and large-scale industrial cluster, targeting the creation of multiple trillion-yuan and hundred-billion-yuan industry clusters [7]

Nvidia stock climbed around 2% on Wednesday, outperforming the broader market as US stocks rebounded following remarks by President Donald Trump that eased fears of a geopolitical escalation over Greenland. The rally came after Trump told the World Economic Forum in Davos, Switzerland, that he would not use military force to acquire the Danish-controlled territory, reversing a key concern that had rattled markets and triggered a sharp "sell America†trade a day earlier. The reassurance helped restore risk ap ...

Core Viewpoint - The A-share market showed positive momentum with the ChiNext 50 Index increasing by 4%, driven by strong performance in the storage chip sector and significant trading volume in the ChiNext 50 ETF [1] Group 1: Market Performance - The ChiNext 50 Index opened lower but turned positive, with a maximum increase of 4.29% for the ChiNext 50 ETF (588000) [1] - The trading volume for the ChiNext 50 ETF reached 4.643 billion yuan [1] Group 2: Sector Highlights - The storage chip sector was particularly active, with Longxin Zhongke hitting the daily limit, Haiguang Information rising by 16.05%, and other companies like Lanke Technology and Zhongkong Technology also showing significant gains [1] - The electronic industry constitutes 70.35% of the holdings in the ChiNext 50 Index, aligning well with the development of advanced sectors such as artificial intelligence and robotics [1] Group 3: Future Outlook - Open Source Securities anticipates that TSMC's increased capital expenditure will boost expectations for advanced process capacity expansion [1] - High-end advanced packaging, essential for AI chips, is expected to see significant demand growth as manufacturing capacity is released [1] - Investors optimistic about China's hard technology development are encouraged to continue monitoring the sector [1]

Core Insights - Ark Invest has introduced its "big ideas" for 2026 through a series of custom images called "ARKmoji," inviting followers to interpret the themes behind each image [1][2] Group 1: AI Agents - The first ARKmoji represents agentic AI, with user interpretations divided among AI Agent Takeover (37.5%), AI Consumer Op System (32.2%), and Build-Your-Own-Agent (25.7%) [3] - Relevant holdings in Ark's portfolio include Palantir Technologies Inc. (NASDAQ:PLTR), Tempus AI Inc. (NASDAQ:TEM), and Shopify Inc. (NASDAQ:SHOP) [3] Group 2: Genomics - The second ARKmoji, depicting a DNA helix, suggests a focus on genomics, with votes split among molecular diagnostics (34.7%), aging backwards (21.3%), multiomics (25.2%), and the software layer of biology (18.8%) [4] - Key stocks in this area include Crispr Therapeutics AG (NASDAQ:CRSP), 10x Genomics Inc. (NASDAQ:TXG), and Illumina Inc. (NASDAQ:ILMN) [4] Group 3: The Space Race - The third ARKmoji features a rocket, with 55% of users voting for reusable rockets, while 27.5% favored the broader theme of "The Space Race" [5] - Holdings in this sector are primarily found in Ark's Space & Defense Innovation ETF (BATS:ARKX), including Rocket Lab Corp. (NASDAQ:RKLB), Iridium Communications Inc. (NASDAQ:IRDM), and Intuitive Machines Inc. (NASDAQ:LUNR) [5] Group 4: Cryptocurrencies / Tokenization - The fourth ARKmoji shows a dollar note on a blockchain, indicating a focus on cryptocurrencies and tokenization, with 36.1% voting for cryptocurrencies and 41.1% for tokenization [6][7] - Relevant stocks include Coinbase Global Inc. (NASDAQ:COIN), BitMine Immersion Technologies Inc. (NYSEAMERICAN:BMNR), Bullish (NYSE:BLSH), and Robinhood Markets Inc. (NASDAQ:HOOD) [7] Group 5: Robotics - The fifth ARKmoji, depicting a robot, received 59% of votes for "Robotics," while 25.6% chose "I, Robot" [8] - Prominent holdings in this theme include Tesla Inc. (NASDAQ:TSLA), Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS), and AeroVironment Inc. (NASDAQ:AVAV) [8] Group 6: The Great Acceleration - The final ARKmoji shows a cluster of arrows, suggesting exponential growth, with "The Great Acceleration" receiving 55.8% of votes, followed by "S-Curves Feeding S-Curves" at 26% [9] - The specific stock or idea related to this theme remains unclear, but it may involve the convergence of various technologies and ideas [10]

Group 1 - The Robot ETF (562500) opened strong but experienced a decline, with a peak increase of 1.26% and a latest price of 1.107 yuan, down 0.45% from the opening price. Among the 66 constituent stocks, 38 showed a decline, with Hongxun Technology dropping by 7.35% [1] - The trading volume of the Robot ETF reached 409 million yuan, with a turnover rate of 1.54%, indicating a high level of trading activity [1] - A new autonomous ophthalmic surgery robot system has been developed by a research team at the Chinese Academy of Sciences, which enhances the precision and safety of retinal injections, minimizing iatrogenic damage [1] Group 2 - The Robot ETF (62500) is the only robot-themed ETF in the market with a scale exceeding 20 billion yuan, covering various segments such as humanoid robots, industrial robots, and service robots, allowing investors to easily access the entire robot industry chain [2] - Following the adjustment of constituent stocks, the humanoid robot content in the index tracked by the Robot ETF has increased to nearly 70%, successfully removing underperforming stocks and including quality ones, achieving a "retain the strong, remove the weak" strategy [2]

Economic Outlook - Cathie Wood, founder and CEO of ARK Invest, predicts a sharp rebound in the U.S. economy, describing it as a "coiled spring" ready to bounce back after a rolling recession [1] - Wood believes that easing interest rates and rising productivity could unlock significant growth potential, likening the next three years to "Reaganomics on steroids," which may lead to a "golden age" for the U.S. stock market [2] Historical Context - Wood draws parallels between current economic policies and those of the Reagan era, highlighting how deregulation, tax cuts, and sound monetary policy contributed to a long bull market in the 1980s and 1990s [3] - She notes that the Trump Administration's policies reflect early Reaganomics, which previously led to a significant appreciation of the dollar [3] Investment Performance - The Ark Innovation ETF, known for its focus on emerging high-tech companies, achieved a remarkable 153% return in 2020 and has seen a 35.49% increase in 2025, outperforming the S&P 500's 17.88% return during the same period [4] - However, the ETF has experienced significant volatility, with a decline of over 60% in 2022, resulting in a five-year annualized return of -10.31%, compared to the S&P 500's 14.66% [6] Wealth Impact - From 2014 to 2024, the Ark Innovation ETF has reportedly wiped out $7 billion in investor wealth, making it the third-largest wealth destroyer among mutual funds and ETFs according to Morningstar's analysis [7] Top Holdings - As of January 16, 2026, the top holdings of the Ark Innovation ETF include Tesla (10.14%), CRISPR Therapeutics (5.29%), and Roku (5.09%), among others [5]

Core Insights - The SPDR S&P Kensho New Economies Composite ETF (KOMP US) targets U.S.-listed equities in "New Economies" subsectors such as robotics, AI, automation, and connectivity [1] - The underlying index employs a systematic screening process for investability and liquidity, with a modified equal weighting approach and semi-annual rebalancing [1] - Each subsector is weighted by its trailing Sharpe ratio, allowing faster-maturing themes to receive higher weight while early-stage themes are still represented [1] Portfolio Construction Methodology - The Composite aggregates all eligible subsector indices, with issuer weights derived from underlying subsector memberships and caps [1] - Country and sector exposures are determined by the taxonomy breadth rather than market-cap dominance [1] - The methodology includes lifecycle-aware subsector weighting, periodic reconstitution, and semi-annual rebalances to balance diversification, capacity, and turnover control [1]

Core Viewpoint - Mullen Group Ltd. anticipates 2026 will be a record year, driven by a comprehensive analysis of supply and demand fundamentals across its business segments and a focus on cost management and technology investment [2][3]. 2025 Update - The year 2025 was challenging due to trade disputes and tariff issues, leading to a soft private sector capital investment environment and minimal growth in the Canadian economy. Mullen Group's consolidated revenues for 2025 are expected to be around $2.1 billion, with an adjusted OIBDA of approximately $323 million, lower than planned due to various market pressures [3][6]. 2026 Business Plan - Mullen Group aims to achieve consolidated revenues between $2.3 billion and $2.4 billion in 2026, with an adjusted OIBDA target of $365 million, representing 15.7% of consolidated revenues. The business plan includes capital expenditures of $85 million [7][8]. Segment Highlights - The business segments are projected to perform as follows: - Less-Than-Truckload: Revenue of $800 million, adjusted OIBDA of $140 million, operating margin of 17.5%, and capital expenditures of $30 million - Logistics & Warehousing: Revenue of $840 million, adjusted OIBDA of $145 million, operating margin of 17.3%, and capital expenditures of $20 million - Specialized & Industrial Services: Revenue of $450 million, adjusted OIBDA of $85 million, operating margin of 18.9%, and capital expenditures of $20 million - U.S. & International Logistics: Revenue of $230 million, adjusted OIBDA of $15 million, operating margin of 6.5%, with no capital expenditures planned [8]. Balance Sheet and Liquidity Highlights - Mullen Group ended 2025 with $144.6 million in cash and $525 million in undrawn bank lines, positioning the company well for future growth. The 2026 plan includes generating cash in excess of operating needs, with expected cash commitments totaling approximately $235 million [12][13]. Strategic Priorities - The company has established key priorities for 2026, including: 1. Prioritizing margin over market share 2. Pursuing acquisitions to enhance growth 3. Investing in technology to improve operational efficiency [9][11].