Wilson Research seeks to provide investors with focused insights on predominantly exchange-traded funds, or ETFs, with a blend between growth potential and dividend yield. The analysis provided emphasizes fundamental analysis while including macro-level factors such as industry trends, economics, geopolitics, and a variety of other influential factors. Wilson Reseach includes an MBA graduate and independent financial coach who seek to provide actionable information for long-term investors who value diversif ...

Group 1: Market Performance - The U.S. stock market has had a challenging start in 2026, with the S&P 500 index down 0.1% year to date and the Nasdaq-100 index down 2.2% [1] - The Vanguard Total Bond Market ETF (NASDAQ: BND) has outperformed both indices, showing an increase of 0.8% year to date [1] Group 2: Investment Insights - Historically, U.S. bonds have not outperformed U.S. stocks over any 25-year period, according to Deutsche Bank Research Institute [2] - Vanguard's 2026 economic and market outlook is optimistic about bonds, projecting average annual returns of 3.8% to 4.8% for U.S. bonds over the next 10 years, compared to 4% to 5% for U.S. equities [5] - Vanguard emphasizes that high-quality U.S. bonds have the strongest risk-return profile among public investments for the next five to ten years, followed by U.S. value stocks and developed market international stocks [5] Group 3: Technology Sector Outlook - Vanguard suggests that while tech stocks may continue to perform well, there are increasing risks associated with this sector, indicating that more attractive investment opportunities are emerging elsewhere [6] - The forecast from Vanguard serves as a reminder of the importance of diversification, especially given the uncertainty surrounding the continuation of high growth in the tech-heavy stock market [6] Group 4: Bond Investment Strategy - Vanguard's outlook does not specify a particular bond fund but highlights the Vanguard Total Bond Market ETF as a suitable option for accessing high-quality U.S. bonds, which includes 11,444 investment-grade bonds [8]

Renowned economist Mohamed El-Erian has signaled a major structural shift in global finance as China's share of the U.S. Treasury market plummeted to a 15-year low, raising concerns over future demand for American debt.Great RetreatData shared by El-Erian reveals that China's holdings of U.S. Treasuries now represent just 7% of the total market share—a staggering drop from the 28% peak recorded 15 years ago. The total holdings have fallen to approximately $682.6 billion, the lowest level since 2008.“As illu ...

Market Overview - Rotation and diversification have been key strategies in the market recently, with yield plays and value stocks outperforming the flat S&P 500 year-to-date through Valentine's Day 2026 [1] Fund Performance - A specific fund has benefited from the influx of money into these outperforming sectors, indicating a shift in investor preferences towards yield and value investments [1] Investment Strategy - The focus on thematic investing and macro drivers of various asset classes such as stocks, bonds, commodities, currencies, and crypto is emphasized, showcasing a comprehensive approach to market analysis [1] Content Creation - The importance of creating engaging and educational financial content is highlighted, with a focus on using empirical data and charts to communicate investment narratives effectively [1]

Core Insights - The article discusses the expertise of Labutes IR as a Fund Manager/Analyst in the financial sector, highlighting over 18 years of experience in financial markets and portfolio management [1] Group 1 - Labutes IR specializes in the financial sector and has extensive experience working on the buy side [1] - The analyst has been associated with various institutions, focusing on portfolio management [1] Group 2 - There is a potential for initiating a beneficial long position in CIB through stock purchases or call options within the next 72 hours [2] - The article expresses the author's personal opinions and does not involve compensation from companies mentioned [2]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Coinbase (NASDAQ:COIN) CEO Brian Armstrong is no longer among the world's 500 richest people, according to Bloomberg. Armstrong dropped out of the ranking as his wealth has fallen by over $10 billion in the past seven months, from a peak of $17.7 billion in July to about $7.5 billion, the outlet reported Tuesday. The majority of Armstrong’s wealth is tied to his Coinbase stake. The company’s stock closed ...

To say Elon Musk is a polarizing figure will be one of the biggest understatements you’ll read today. His sheer wealth makes him one of the most influential people on Earth, but does that influence translate to the average American investor, and are the plans contained in his wealth-building blueprint practical to anyone but billionaires? Let’s take a look at what you can and can’t learn from Musk’s financial strategies. Also see how much money Musk makes in a day. What the Average Investor Can Learn ...

Market Overview - The Nasdaq 100 has declined by more than 1.5%, with significant losses from major companies like Apple, Applovin, and Cisco [2] - A notable drop in a closely watched software ETF, down nearly 3%, indicates a reversal of recent gains [2] - Bitcoin has also seen a decline of 3%, approaching $65,000 per token, reflecting a broader sell-off in risk assets [2] Technology Sector - The tech sector experienced a sell-off due to profitability concerns, which has raised alarms about potential broader risks in the market [3] - Cisco's recent quarterly report revealed a weak margin outlook, contributing to Wall Street's anxiety regarding the tech industry's future [4][91] Commodities and Energy - Precious metals, including gold, have fallen, attributed to traders liquidating positions to cover equity losses [5] - Oil prices have been volatile, influenced by developments in U.S.-Iran relations and ongoing tensions in the energy market [6][7] - U.S. Energy Secretary Chris Wright's visit to Venezuela highlights potential opportunities for U.S. companies like Chevron to expand operations, with expectations of increased production over the next 18 to 24 months [20][104] U.S. Government and Venezuela Relations - The U.S. government is engaging with Venezuela to improve business conditions, with discussions around new licenses for oil companies to operate in the country [18][19] - The U.S. aims to reduce the influence of adversarial nations like China and Russia in Venezuela, promoting a more favorable environment for American companies [24][25] Banking Sector - The banking sector is facing pressure, with regional banks trading lower despite a strong year-to-date performance [71] - There is a narrative around AI's impact on the banking industry, with banks viewing it as a potential tailwind rather than a headwind [76] - M&A activity in the banking sector is expected to continue, driven by the need for scale to compete with non-bank competitors [81][84] Cisco's Performance - Cisco's stock has dropped significantly due to a weak profit margin outlook, overshadowing previous strong performance [91][100] - The company faces challenges from high memory prices, which have impacted margins more than anticipated [93] - Analysts suggest that Cisco's position in the public sector remains strong, despite potential cutbacks in government spending [97]

Core Insights - The company has experienced a challenging start to the year, with fourth quarter numbers reflecting a slump in the crypto market, which was somewhat anticipated [1][2] - Despite the overall downturn, there are positive indicators within Coinbase's performance, particularly in its institutional platform and stablecoin revenues [2][4] Institutional Performance - The institutional platform saw a 37% increase in revenues quarter over quarter, primarily driven by crypto derivatives following the acquisition of Deribit [3] - This growth in the institutional segment is expected to positively impact the company's future performance [3] Stablecoin Revenue - Revenues from stablecoins increased by 3% sequentially, indicating a beneficial position for the company regarding earnings from the underlying float of the USDC stablecoin [4] Diversification Strategy - There is a pressing need for the company to diversify its revenue streams beyond retail trading, especially as trading fees may trend towards zero like traditional brokerages [6] - The company is already exploring diversification into traditional equity trading and prediction markets, similar to Robinhood [7][6] Business Valuation - The stock price of the company is closely correlated with crypto prices, but the underlying value of its business is not, suggesting potential for growth through its base layer two blockchain once monetization occurs [8] - The anticipated earnings from this blockchain development could serve as a significant growth driver in the future [9]

Financial Data and Key Metrics Changes - In 2025, the company achieved record financial results with Distributable Earnings before realizations of $5.4 billion, representing an 11% increase over the prior year, and total Distributable Earnings of $6 billion [7][15] - The total net income for the year was $3.2 billion, with Distributable Earnings per share of $2.27 before realizations and $2.54 including realizations [15] - The company raised $112 billion of capital during the year, with fee-bearing capital increasing by 12% to over $600 billion, driving a 22% increase in Fee-Related Earnings to $3 billion [15][16] Business Line Data and Key Metrics Changes - The Asset Management business generated $2.8 billion of Distributable Earnings, or $1.17 per share, reflecting strong investor demand for fund offerings [15] - The Wealth Solutions business delivered $1.7 billion of Distributable Earnings, a 24% increase over the prior year, driven by $20 billion of annuity sales and improved profitability in the P&C business [16][24] - Operating businesses generated Distributable Earnings of $1.6 billion, supported by strong fundamentals across the platform, with Renewable Power and Transition and Infrastructure businesses seeing a 14% increase in Operating Funds from Operations [17] Market Data and Key Metrics Changes - The market environment showed strong business fundamentals, with improved capital markets and increased transaction activity, leading to expectations that real assets will continue to outperform [8][11] - In the real estate sector, nearly 17 million square feet of office leases were signed globally, with net rents averaging 18% higher than expiring leases [18] - The company’s Super Core and Core Plus portfolios finished the year with over 95% occupancy, poised for robust NOI growth in 2026 [19] Company Strategy and Development Direction - The company is focused on streamlining and consolidating its market capitalizations, with plans to merge Brookfield Corporation with its sister insurance entity, BNT, to enhance growth potential [12][13] - The strategic initiatives advanced in 2025 are expected to fuel meaningful momentum, with a strong capital base of $180 billion and significant access to capital [22][14] - The company aims to maintain a long-term focus on value creation, emphasizing the importance of avoiding disruption to the compounding process [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver financial results and compound value for shareholders, anticipating 2026 to be another strong year [14] - The company highlighted the importance of maintaining excess capital to navigate market cycles and capitalize on investment opportunities [10] - Management noted that the current market sentiment is beginning to realign with strong underlying fundamentals, particularly in real estate [11] Other Important Information - The company returned $1.6 billion to shareholders in 2025 through dividends and share buybacks, repurchasing over $1 billion of Class A shares at a significant discount to intrinsic value [21] - A 17% increase in the quarterly dividend to $0.07 per share was declared, reflecting a commitment to returning capital to shareholders while maintaining a low payout ratio [23][66] Q&A Session Summary Question: Scaling the P&C business and its profitability - Management discussed the repositioning of the P&C business to generate strong profits and the potential for M&A opportunities as markets soften, with a target of $20 billion-$25 billion of float by the end of the decade [32][35] Question: Decision to simplify the structure and collapse BNT - Management explained that the decision to streamline and simplify the structure is based on the evolution of public markets and the growth potential of the insurance business, aiming to fully benefit from the broader capital base [38][41] Question: Outlook for the Carry into 2026 - Management indicated a strong pipeline for monetizations and expects an increase in Carry realizations in the second half of the year, with good valuations for assets being brought to market [62][63] Question: Dividend increase and its implications - Management clarified that the 17% dividend increase is not a shift in strategy but a result of share splits and a low payout ratio, maintaining a focus on reinvesting capital back into the business [66][67]