Core Viewpoint - Lake Street Capital Markets raised its price target on Velo3D to $18 from $6 while maintaining a Buy rating, highlighting long-term structural tailwinds and improved balance sheet visibility [1] Group 1: Market Dynamics - The firm believes that despite the stock's recent rebound, investors have not missed the opportunity, citing sustained tailwinds such as manufacturing reshoring, America-First policy initiatives, rising defense spending, and a focus on securing domestic supply chains, which create a long growth runway for the company [2] - Velo3D has exposure to reshoring, aerospace and defense spending, and growth metrics that exceed peer averages, indicating meaningful upside potential from current valuation levels [4] Group 2: Management and Strategy - Many institutional investors are familiar with Velo3D by name, but fewer have fully appreciated the changes under the new management team, the revised strategy, or the accelerating momentum in aerospace, defense, and space end markets [3] - Recent financing activity has alleviated prior balance sheet concerns, supporting valuation expansion despite the firm adopting more conservative estimates [3]

Core Insights - The reshoring trend and the push for supply-chain independence are significantly transforming U.S. manufacturing, driven by factors such as post-pandemic vulnerabilities, trade disputes, and recent tariff policies [1][2]. Industry Overview - The imposition of import tariffs on various products has made offshore production costly, prompting companies to relocate manufacturing back to the U.S. to stabilize supply chains and avoid tariffs [2]. - Favorable U.S. government policies, including the CHIPS & Science Act and the Inflation Reduction Act (IRA), are encouraging investments in sectors like semiconductors and clean energy, which in turn is boosting demand for related industries [3]. Company Focus: Caterpillar Inc. (CAT) - Caterpillar has shifted its construction equipment production from Japan to Georgia and Texas, enhancing its supply chain efficiency and reducing transit times [6]. - The company plans to invest $725 million in its engine manufacturing facility in Lafayette, IN, to improve workforce skills and meet rising demand for power generation engines [6]. - CAT's shares have increased by 60.6% over the past year, with earnings growth expected to be 19% in 2026 [8]. Company Focus: EnerSys (ENS) - EnerSys is relocating battery production to Kentucky to avoid tariffs and leverage IRA tax credits, ceasing operations in its Mexican facility [10]. - The company anticipates benefiting from the IRA, expecting its products to qualify for tax credits, which will support its high-density battery portfolio expansion [11]. - ENS shares have risen 62.6% in the past year, with projected earnings growth of 20.7% for fiscal 2027 [12]. Company Focus: GE Aerospace - GE Aerospace is investing $1 billion in U.S. manufacturing to enhance production capabilities and meet growing demand for engines and services [13][16]. - This investment is expected to create approximately 5,000 jobs in the U.S. and focuses on improving engine quality and delivery [16]. - GE's shares have surged 87.5% over the past year, with earnings growth projected at 13.1% for 2026 [17].

Core Insights - TCW Concentrated Large Cap Growth Fund reported a return of +4.11% in Q3 2025, underperforming the Russell 1000 Growth Index which returned +10.51% [1] - The fund highlighted Eaton Corporation plc (NYSE:ETN) as a key holding, noting its significant market capitalization of $126.005 billion and a share price of $323.67 as of December 24, 2025 [2] Company Overview - Eaton Corporation plc is described as an intelligent power management company serving various markets including data centers, utilities, and aerospace [3] - The company has transitioned from a cyclical industrial conglomerate to a higher growth, higher margin entity focused on electrical and aerospace sectors, benefiting from trends like electronification and AI datacenter buildouts [3] Financial Performance - Eaton Corporation plc reported quarterly earnings of $7 billion for Q3 2025, with a margin increase of 70 basis points to reach 25% [4] - The stock experienced a one-month return of -5.27% but gained 5.23% over the last 52 weeks [2] Market Position - As of the end of Q3 2025, Eaton Corporation plc was held by 72 hedge fund portfolios, a slight decrease from 74 in the previous quarter [4] - The company has a substantial backlog of multi-year megaprojects, providing visibility into future cash flows [3]

All right, joining us now to talk technicals ahead of a shortened uh trading week, Chris Lone, partner and chief market strategist at Strategus uh research partners. How's Trener. >> He's doing much better.>> He is. >> Yeah, really. So, >> give him our best.>> I certainly will. >> Christmas. Um >> interesting stuff.Yeah. That that you're talking about here. We you you say that the rotational tape has been persisting which makes you think 2026 this could be a a sign of it continuing which would be >> really ...

This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Dive Brief: Manufacturers are planning to pass along cost increases and raise sales prices as input costs rise due to tariffs, according to the Institute for Supply Management’s December 2025 Supply Chain Planning Forecast published Tuesday. Among the manufacturing leaders surveyed for the forecast, 32% said they plan to pass on all of their tariff-re ...

Nearshoring, Mexico investment and tightening truck capacity could reshape North American freight flows next year. Uber Freight’s latest market outlook points to a U.S. freight market that is quietly stabilizing and setting up for tighter conditions in 2026, with cross-border trade with Mexico emerging as one of the most important structural drivers. Uber Freight is a part of San Francisco-based Uber Technologies Inc. (NYSE: UBER), which operates three platforms: Uber (ride-hailing), Uber Eats (food and ...

Amkor Technology FY Conference Summary Company Overview - **Company**: Amkor Technology (NasdaqGS:AMKR) - **Date**: December 09, 2025 Key Industry Insights - **Industry**: Semiconductor Packaging - **Trend**: Reshoring of semiconductor manufacturing to the U.S. is gaining momentum due to government and customer pressures to maintain control over core technologies, especially with the rise of AI applications [3][5][34] Strategic Initiatives - **Arizona Facility**: - Investment increased to **$7 billion** across two phases to enhance U.S. manufacturing capabilities [3][7] - Focus on advanced technology for AI applications in data centers and edge devices [5][6] - Government support includes **$400 million** from CHIPS funding and a **35% investment tax credit**, totaling nearly **$3 billion** in support [8] Customer Engagement - **Key Customers**: Apple, NVIDIA, TSMC - Ongoing discussions about capacity, technology requirements, and product families for U.S. manufacturing [4] - Collaboration with TSMC on technology alignment and capacity planning [12][13] Financial Performance - **Revenue Growth**: - Compute revenue increased by mid-teens in 2024 and 2025, driven by AI proliferation [9] - Smartphone business showed recovery with a record quarter in Q3 and a projected **20% year-on-year growth** in Q4 [19][20] - **Gross Margins**: - Current gross margin at **15%**, down from **20%** three years ago, with plans to return to historical levels through improved utilization and advanced packaging [26][28] Market Dynamics - **AI Market**: - Early-stage growth with significant opportunities in ASICs and partnerships with hyperscaler companies like Microsoft and Google [16][17][18] - **Smartphone Market**: - Anticipated impact from rising memory prices, particularly affecting low and mid-range segments [21][22][23] Operational Efficiency - **Manufacturing Utilization**: - Underutilization of mainstream manufacturing lines has pressured margins, but improvements are expected as demand recovers [26][27] - **Vietnam Factory**: - Expected to break even in early 2026, providing an alternative to China manufacturing and contributing positively to gross margins [27][28] Future Outlook - **Long-term Strategy**: - Focus on technology innovation, regionalization of manufacturing, and strengthening customer relationships to support growth in AI and edge devices [33][34][35][36] - **Positioning**: - Amkor is well-positioned for above-average growth due to its established industry presence and strategic investments [36] Conclusion - Amkor Technology is navigating a transformative period in the semiconductor industry, with significant investments in U.S. manufacturing, strong customer relationships, and a focus on advanced technologies to capitalize on the growing demand for AI and edge computing solutions [3][34][36]

Core Viewpoint - The rare earths sector has transitioned from a niche mining focus to a critical geopolitical battleground, particularly as China tightens its control over strategic metals essential for various technologies, prompting the U.S. to seek an independent supply chain [1]. Company Summaries MP Materials Corp (NYSE:MP) - MP Materials operates one of the few scaled rare-earth mines and processing facilities in the U.S., with significant year-over-year increases in the production of critical NdPr magnet materials as it expands its refining and magnet-making capabilities [3]. - The company has secured a major agreement with the U.S. Defense Department, positioning itself as a key player in national security infrastructure rather than merely a mining entity [3][4]. - MP Materials is characterized by its revenue generation, output, and geopolitical significance, making it a solid investment choice in the current landscape [4]. USA Rare Earth Inc (NASDAQ:USAR) - USA Rare Earth is focused on building a fully integrated mine-to-magnet supply chain, generating excitement around its Oklahoma magnet plant and strategic partnerships, although it remains pre-revenue and requires significant capital [5]. - The company represents speculative upside potential, viewed as a high-risk investment with the possibility of substantial rewards if it successfully executes its plans [6]. - USAR is seen as a conviction bet, appealing to investors looking for high-risk, high-reward opportunities in the reshoring and magnet supply sectors [7].

Core Insights - The article highlights the expertise of Fred Piard, a quantitative analyst with over 30 years in technology, focusing on data-driven systematic investment strategies since 2010 [1]. Group 1: Expertise and Background - Fred Piard has authored three books and runs an investing group called Quantitative Risk & Value, which focuses on quality dividend stocks and tech innovation companies [1]. - He provides various market strategies, including market risk indicators, real estate, bond, and income strategies in closed-end funds [1].

Economic & Social Strategy - Addressing social issues requires broad-based prosperity, not just for those with advanced degrees [1] - Manufacturing is the largest segment of the economy and has been offshored for too long (20 years) [1] - Re-industrialization of the United States is crucial for economic recovery [3] Industrial & Technological Opportunity - The AI industrial revolution presents an opportunity to bring manufacturing back [2] - Companies like Nvidia are enabling a large ecosystem of suppliers [2] International Partnership - Encouraging partnerships with companies, including those from Taiwan, to support US re-industrialization [3] - Taiwan's support in the re-industrialization effort deserves recognition [3]