Investment Strategy - Suggests a "buy the dip" strategy, implying a belief in a temporary price decline followed by a rebound [1]

Core Insights - Cathie Wood's ARK Investment Management has invested over $30 million in Robinhood shares during a period of stock price decline, viewing it as a buying opportunity [1][4] - Despite a recent 11% drop in value over the past month and a 14% decline in the past week, Robinhood's year-to-date performance shows a remarkable 217% gain [2] - The recent sluggishness in Robinhood's stock is attributed to decreased trading volumes and assets under custody, indicating reduced user activity [2] Company Performance - Robinhood reported record Q3 sales of $1.27 billion, a 100% increase year-over-year, with a net income of $556 million, marking its best quarter ever [6] - The earnings snapshot for the last four quarters shows consistent growth, with Q3 2025 EPS at $0.61 and revenue at $1.27 billion, both exceeding expectations [7] Investment Strategy - Wood's investment in Robinhood aligns with her broader strategy focused on digital infrastructure, software, and automation, which are seen as key areas for future growth [4] - The recent purchases of Robinhood shares reflect Wood's long-term conviction in the company's potential as a major disruptor in the finance industry, despite short-term market fluctuations [3][4]

The classic Friday afternoon dump on the markets.Yet again, presented to you, on a Friday, a dump of 5-10% on #Atcoins.It doesn't mean we're going to keep falling from here; it's still a tricky market with illiquid books, so I'll stretch some scenarios.There are some important levels which I'm monitoring:- $86K- Sweep of the lows at $78-80K- Break of $92K clearly.Yet again, losing $92K triggered a chain of liquidations across markets, and the entire market dropped substantially.Not great.I don't know whethe ...

Core Investment Overview - NIA Impact Advisors initiated a position in Core & Main by acquiring 66,437 shares valued at approximately $3.58 million after the stock dropped nearly 20% in a single day during Q3 2025 [1][2] - This new position represents 1.2% of NIA's total reportable U.S. equity holdings of $307.72 million as of September 30, 2025 [3] Company Performance Metrics - As of December 10, 2025, Core & Main's stock price was $55.19, reflecting a 3% increase over the past year, but underperforming the S&P 500 by 10 percentage points [3] - Core & Main has a market capitalization of $10.52 billion, with trailing twelve months (TTM) revenue of $7.74 billion and net income of $431 million [4][5] Industry Position and Strategy - Core & Main is a leading distributor of water, wastewater, and fire protection infrastructure products in the U.S., serving municipalities, private water companies, and contractors [5][7] - The company operates in a highly fragmented industry, with the top two players controlling one-third of the market, presenting acquisition opportunities [10] - Core & Main's strategic focus on essential utility markets and specialized services supports a resilient business model [8] Financial Metrics and Valuation - The company trades at a forward price-to-earnings ratio of 24 and an enterprise value to EBITDA multiple of 13, indicating a valuation that is cheaper than the broader market [3][12] - Core & Main's return on invested capital has consistently been above 10%, showcasing its effectiveness as a profitable acquirer and integrator of businesses [11]

Core Viewpoint - Recent market decline has been perceived by many investors as a buying opportunity, but two analysts argue that this strategy may not be optimal [1] Group 1 - Many investors are welcoming the market's recent decline as a chance to buy at lower prices [1] - Two analysts suggest that buying the dip may not be the best strategy in the current market conditions [1]

Company Overview - TFI International Inc. is a leading North American provider of transportation and logistics services, operating through multiple segments to deliver comprehensive freight and supply chain solutions [5] - The company leverages a large fleet and a network of independent contractors to maintain flexibility and scale across diverse markets [5] - TFI operates a diversified business model with both asset-based and asset-light segments, generating revenue from freight transportation, dedicated logistics, and brokerage services [7] Financial Performance - As of September 30, 2025, TFI International reported a revenue of $8.06 billion and a net income of $323.46 million [4] - The company has a dividend yield of 1.81% [4] - TFI shares were priced at $99.17 as of December 10, 2025, reflecting a decline of about 35% over the past year, underperforming the S&P 500 by 48 percentage points [3] Investment Activity - Dixon Mitchell Investment Counsel increased its position in TFI International by purchasing 93,705 shares, bringing its total holding to 912,039 shares valued at approximately $80.72 million [2][3] - The increased stake now represents 2.87% of Dixon Mitchell's assets under management (AUM) [3] - Dixon Mitchell has nearly doubled its shares in TFI since late 2024, indicating a belief in the company's potential as a buy-the-dip opportunity [9] Valuation and Growth Potential - TFI is currently trading at 26 times earnings and 12 times free cash flow (FCF), suggesting it trades at a discount to the broader market [10] - The company has an average cash return on invested capital (ROIC) of 14% over the last five years, showcasing a strong track record of profitable acquisitions [10] - TFI has been a significant performer since 2003, with sales growing by an average of 14% annually over the last decade, indicating its status as a top-tier compounder [11]

Core Insights - The recent decline in Bitcoin prices, dropping below $90,000, has created a potential buying opportunity for investors looking to capitalize on the dip [1][2]. Investment Opportunities - The Calamos Laddered Protected Bitcoin ETF (CBXL) offers a structured approach for investors to buy into Bitcoin while managing risk [3][6]. - CBXL's strategy includes a laddered selection of underlying ETFs that provide varying levels of downside protection, limiting total loss to no more than 10% [3][5]. Risk Management Features - Each underlying ETF in CBXL has an initial cap on returns exceeding 20%, with some reaching close to 30%, allowing for significant upside potential while maintaining downside protection [4]. - The laddered structure of CBXL provides access to different Bitcoin time horizons, which helps in diversifying risk exposure and enhancing return opportunities [5]. Market Context - The current market situation presents an inflection point for both long-term crypto enthusiasts and regular investors, raising questions about whether to buy the dip or brace for further declines [2].

Core Insights - Dogecoin remains the most successful meme coin, valued at approximately $25 billion as of December 3, despite a significant decline of 53% year-to-date in 2025 [1][6] - The cryptocurrency has been on a downward trend since reaching $0.48 in December 2024, raising concerns about its potential recovery [3][5] - Dogecoin lacks unique value propositions compared to other cryptocurrencies like Bitcoin and Ethereum, which may hinder its long-term viability [4][5] Market Performance - Dogecoin experienced a brief rally post-election but has predominantly been in the red throughout 2025 [1] - The coin peaked at an all-time high of $0.74 in May 2021, followed by a drastic decline of over 90%, reaching lows of $0.05 [5] - The current market sentiment suggests that Dogecoin may not have reached its bottom, indicating further potential declines [3] Investment Considerations - Analysts recommend caution when considering investments in Dogecoin, highlighting that it was not included in a list of the top 10 stocks for potential returns [6][7] - Historical performance of stocks recommended by analysts shows significant returns, contrasting with Dogecoin's recent losses [7][8] - The average return of the Stock Advisor is 991%, significantly outperforming the S&P 500, suggesting that there may be better investment opportunities than Dogecoin [8]

Core Viewpoint - Ferrari's stock experienced a significant decline following the October Capital Markets Day, dropping from above $500 to below $400, primarily due to new 2030 targets indicating slower growth than expected [1]. Group 1: Financial Guidance - Ferrari raised its 2025 guidance to at least 7.1 billion euros, with a long-term target of approximately 9 billion euros in net revenue by 2030, reflecting about 5% annualized revenue growth [4]. - The company expects earnings before interest (EBIT) to reach at least 2.75 billion euros by 2030, implying around 6% annual growth and an EBIT margin of at least 30% [4]. - Management plans to generate at least 3.6 billion euros of EBITDA and about 8 billion euros of industrial free cash flow from 2026 to 2030, with a commitment to return roughly 7 billion euros to shareholders through dividends and buybacks [5]. Group 2: Market Reaction and Performance - The stock's double-digit drop was triggered by investors' focus on slower growth targets, despite the company maintaining some of the best margins in the auto industry, with high-30s adjusted EBITDA margins and high-20s adjusted operating margins [2][6]. - The introduction of the new F80 supercar is expected to provide significant earnings support in the upcoming year [6]. Group 3: Management Strategy - Ferrari's conservative long-term targets may be viewed as a cautious approach, as the company has a history of outperforming its targets, being on track to exceed many of its 2026 profitability goals a year early [7].

Core Viewpoint - Wedbush Securities has upgraded Carvana (CVNA) stock from "Neutral" to "Outperform," raising the 12-month price target to $400, citing recent selloff as an opportunity for investors [1] Group 1: Company Performance - Carvana has delivered several quarters of strong growth, with expectations to surpass CarMax in used-car unit volume sooner than anticipated [2] - The company aims to reach 3 million annual retail sales by 2033 and expand adjusted EBITDA margins to 12% by 2027 [2] - Recent quarter saw record revenue and a 44% surge in vehicles sold, although margin pressure led to a temporary decline in shares [3] Group 2: Market Position and Innovations - Carvana operates as a fully online used-car retailer, allowing customers to browse, finance, purchase, trade in, and arrange delivery or pickup through its website or app [4] - The company has transformed the used-car market with innovations like car "vending machines," 360° virtual vehicle tours, and an integrated logistics, inspection, and reconditioning network [5] - Carvana's market capitalization currently stands at $86.7 billion [5] Group 3: Stock Performance and Market Trends - CVNA stock reached a 52-week high of $413.33 in late July but has since pulled back, currently sitting 4% below that peak and above the 52-week low of $148.25 [5] - The stock has shown a strong comeback throughout the year, reflecting renewed optimism in Carvana's business model despite volatility in the used-car and auto-credit markets [6]