Core Insights - First Majestic Silver Corp. (AG) is trading at a forward 12-month P/E ratio of 55.84X, significantly higher than the Zacks Mining - Silver industry's 20.03X, indicating potential valuation concerns [1][7] - The current valuation exceeds its five-year median of 29.91X, with peers Hecla Mining Company (HL) and Pan American Silver Corp. (PAAS) trading at 41.03X and 15.25X respectively, raising further concerns about AG's premium valuation [2][7] Valuation and Performance - First Majestic's stock has gained 29.4% over the past three months, underperforming the industry's 36.1% growth and the S&P 500's 6.4% return [5] - The company faces rising costs, with cost of sales increasing by 52.8% year-over-year to $390 million and general and administrative expenses rising by 27.3% to $35.9 million [9] - Long-term debt has increased by 3.5% year-over-year to $216.8 million, which could impact margins and profitability if it continues to rise [11] Production and Financial Performance - In Q3 2025, First Majestic achieved total production of 7.7 million silver-equivalent ounces, including a record 3.9 million silver ounces, marking a 39% year-over-year increase [13] - The company reported a record quarterly free cash flow of $98.8 million, a 67.5% increase year-over-year, with liquidity reaching $682 million [14] - Silver prices have risen significantly due to strong demand, geopolitical tensions, and supply deficits, benefiting the company's performance [14][15] Challenges and Market Position - First Majestic is dealing with ongoing taxation and regulatory challenges in Mexico, which pose financial and operational risks despite healthy production [10] - The company operates in a competitive market with peers like Hecla Mining and Pan American Silver, which have established positions in the silver and gold sectors [12] - The Zacks Consensus Estimate for First Majestic's 2025 earnings remains stable at 25 cents per share, while the estimate for 2026 has decreased by 2.9% to 34 cents per share [16]

Core Viewpoint - Tapestry (NYSE: TPR) has been downgraded from Buy to Hold by Jefferies, with a revised price target of $138, down from $142, reflecting a more balanced risk-reward profile after a recent stock price increase [1] Group 1: Financial Estimates and Valuation - Jefferies raised its second-quarter estimates above consensus due to accelerating alternative data through December, but reduced longer-term projections due to risks associated with average unit retail-driven slowdown [1] - Tapestry is currently trading in the low-20s on a price-to-earnings basis, significantly above its historical average of approximately 12x and peer multiples near 16x, indicating a premium valuation compared to the retail ETF benchmark [2] Group 2: Risks and Strengths - Risks identified include challenging average unit retail comparisons, potential slowing fashion cycles, and increased discounting in the U.S. market, particularly among younger consumers [3] - The company's nearly 90% direct-to-consumer mix and customer-focused innovation strategy are considered long-term strengths, although the valuation should trade at a discount due to Tapestry's more fashion-oriented portfolio [3] Group 3: Potential Catalysts - A strong December 2025 quarter and potential tariff repeal could serve as near-term catalysts for Tapestry, although the upside appears largely reflected in the current valuation [2] - The estimated earnings boost from tariff repeal is approximately $0.40 per share, but this impact is seen as less incremental for Tapestry compared to some peers due to its strong margins and mitigation strategies [4]

Core Insights - The article discusses the expertise of an independent investor in the Indian and US equity markets, highlighting their qualifications and research focus in various financial areas [1]. Group 1: Investor Profile - The investor holds a CFA Charter and a PhD in Finance from the University of Durham, U.K. [1] - They are an Honorary Associate Professor in Finance and Corporate Governance at Brunel University London [1]. - The investor runs a YouTube and Podcast channel titled "The Stock Doctor," where they share insights on the US and Indian markets weekly [1]. Group 2: Research Focus - The investor actively conducts quantitative research in US equities, Behavioral Finance, Corporate Governance, Activist Hedge Funds, Cryptocurrencies, and M&A [1]. - Their research has been published in top-ranked peer-reviewed journals, indicating a strong academic and professional background [1].

Core Insights - The Federal Reserve is currently facing scrutiny, with Jerome Powell indicating that the Department of Justice is investigating the Fed's interest rate decisions [1] Group 1: Federal Reserve and Interest Rates - The investigation by the DOJ is a direct consequence of the Federal Reserve's actions regarding interest rates [1] Group 2: Investment Philosophy - The focus is on long-term investment strategies in U.S. and European equities, emphasizing undervalued growth stocks and high-quality dividend growers [1] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is highlighted as a more reliable driver of returns than valuation alone [1]

Core Insights - Lindsay Corporation reported earnings per share (EPS) of $1.54, exceeding the estimated $1.46, while revenue was approximately $155.8 million, slightly below the estimated $163 million [1][6] Financial Performance - During Q1 2026 earnings call, the company noted a decline in revenues in both North American and international markets, but improved its irrigation operating margin, indicating efficient cost management [2] - The infrastructure segment experienced a 17% increase in revenues, driven by higher sales of road safety products, showcasing the company's ability to meet market demand [3] Strategic Initiatives - Lindsay Corporation secured an $80 million irrigation contract, which further strengthens its financial performance and market position [3] Valuation Metrics - The company has a price-to-earnings (P/E) ratio of approximately 18.41, a price-to-sales ratio of about 2.06, and an enterprise value to sales ratio of around 1.95, reflecting favorable market valuation [4] Financial Health - Lindsay Corporation maintains a strong liquidity position with a current ratio of 3.42, indicating its ability to cover short-term liabilities with short-term assets [5] - The debt-to-equity ratio stands at 0.25, suggesting a relatively low level of debt compared to equity, indicating financial stability [5] - The company's earnings yield is 5.43%, providing insight into the return on investment for shareholders [5]

Core Viewpoint - Apple Inc. (AAPL) is currently rated as a Hold by the Seeking Alpha Quant rating system, with a consensus Hold rating from 11 analysts in the last 30 days and a Buy rating from 49 analysts over the last 90 days [3]. Valuation - The company has a market capitalization of $4 trillion and operates in the Information Technology sector, specifically in the Technology Hardware Storage and Peripherals industry [4]. - The Valuation grade is an F, with a PEG ratio of 1.60 compared to the sector average of 0.97, indicating a premium valuation [5]. - The EV-to-EBITDA Forward ratio stands at 25.21, significantly higher than the sector's 15.25, and the price-to-cash flow ratio is 28.34 versus the sector's 19.43 [5]. Growth - The Growth grade is currently a D-, with a forward EPS diluted growth of 14.55%, slightly above the sector's 13.13% [6]. - Year-over-year revenue growth is reported at 6.43%, below the sector average of 9.19% [6]. Profitability - The Profitability grade is an A+, with a net income margin of 26.92%, vastly outperforming the sector's 4.83% [7]. - The one-year price performance of 11.14% significantly exceeds the sector's 0.36%, and the three-month price performance of 5.40% also outperforms the sector median, which is down 6.39% [7]. Revisions - The Revisions grade is B-, with 32 up revisions and 6 down revisions for earnings per share, and 35 up revisions and 2 down revisions for revenue numbers in the last three months [8]. Dividend - Apple Inc. is a dividend-paying stock with a yield of only 0.38% and a five-year growth rate of 4.99% [9]. - The dividend safety is rated A, with dividend growth rated A+, but the dividend yield is rated D- and underperforms the market due to capital allocation towards a significant share buyback program [9].

Company Performance - Texas Instruments (TXN) closed at $185.71, reflecting a -3.33% change from the previous day, underperforming the S&P 500's loss of 0.34% [1] - The stock has increased by 7.01% over the past month, outperforming the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.19% [1] Upcoming Earnings - Texas Instruments is set to release its earnings on January 27, 2026, with an expected EPS of $1.28, indicating a 1.54% decline compared to the same quarter last year [2] - Revenue is anticipated to reach $4.42 billion, representing a 10.38% increase from the year-ago quarter [2] Full Year Estimates - Analysts project earnings of $5.46 per share and revenue of $17.69 billion for the full year, reflecting changes of +5% and 0% respectively from the previous year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Texas Instruments are crucial as they often indicate short-term business trends and can influence stock performance [4] - Upbeat changes in estimates suggest a favorable outlook on the company's health and profitability [4] Zacks Rank and Performance - The Zacks Rank system, which incorporates estimate changes, currently rates Texas Instruments as 2 (Buy), with a 0.67% upward shift in the consensus EPS estimate over the past month [6] - Historically, 1 ranked stocks have returned an average of +25% annually since 1988 [6] Valuation Metrics - Texas Instruments has a Forward P/E ratio of 31.97, which is a premium compared to the industry average of 31.88 [7] - The company also has a PEG ratio of 3.1, compared to the Semiconductor - General industry's average PEG ratio of 3.39 [7] Industry Context - The Semiconductor - General industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 20, placing it in the top 9% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Insights - Centene Corporation is showing early signs of stabilization after a challenging first half of 2025, with shares rising 16.3% over the past three months, outperforming the industry's 7.3% decline [1][8] - The company faces ongoing challenges, including increased operating expenses and a rising health benefits ratio, which has impacted profitability [6][7] Financial Performance - Operating expenses increased by 5.5% in 2023, 5.8% in 2024, and surged by 26.5% in the first nine months of 2025, primarily due to higher medical costs [6] - The health benefits ratio rose from 87.7% in 2023 to 92.7% by the end of Q3 2025, indicating a squeeze on margins [6] - Adjusted net margin fell from 2.3% to 0.5% in Q3 2025, highlighting profitability challenges [7] - Long-term debt stands at $17.5 billion, with a debt-to-capital ratio of 45.51%, above the industry average of 40.23% [7] Market Position and Membership Trends - Centene's commercial membership is growing, with a 29.5% increase in marketplace membership in the first nine months of 2025, which typically offers better margins than government programs [11] - However, declines in Medicare and traditional Medicaid enrollment are weighing on total membership, and competition in government-sponsored programs is intensifying [9] Earnings Estimates and Projections - The Zacks Consensus Estimate for 2025 earnings is $2 per share, reflecting a 72.1% year-over-year decline, but a rebound to $2.94 is expected in 2026, representing a 46.6% recovery [10] - Revenues are projected to rise by 18.5% in 2025 before a slight decline of 0.3% in 2026 [10] Valuation and Future Outlook - Centene trades at a forward P/E of 15.11X, slightly below the industry average of 16.16X, indicating a balanced valuation [12] - Management anticipates improvements in Medicare Star ratings and benefits from demographic trends, such as an aging population and rising chronic disease prevalence [14] - Despite near-term pressures, the company's expanding commercial business and expectations of earnings recovery in 2026 support a longer-term positive outlook [15]

Core Viewpoint - Jabil (JBL) is recognized as a strong buy with a Zacks Rank 1, indicating positive growth potential despite its valuation metrics suggesting caution for value-oriented investors [1]. Company Overview - Jabil, Inc. provides manufacturing services and solutions through its Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS) segments, focusing on various industries including aerospace and automotive [2]. Earnings Performance - Jabil has consistently exceeded earnings expectations, with the latest EPS reported at $2.85, surpassing the Zacks Consensus Estimate of $2.72 by 4.8% [4]. - The average positive earnings surprise over the last four quarters stands at 8.3% [4]. Earnings Estimates Revisions - Earnings estimates for Jabil have been revised upwards, with the fiscal year 2026 estimate increasing from $11.05 to $11.55 and fiscal year 2027 from $13.08 to $13.41 over the past 60 days [5]. Valuation Metrics - Jabil's forward earnings multiple is 20x, which is considered high given the expected growth rates of 8% for this year and 7% for the next [6]. - The price-to-book ratio is noted at 19x, which may deter value-focused investors, while the price-to-sales ratio is 0.83x, indicating limited market valuation on incremental sales [6]. Operating Margins - Operating margins have shown improvement, increasing from 3.1% to 3.3% and most recently to 3.4% [7].

Core Viewpoint - Valero Energy Corporation (VLO) is currently perceived as overvalued, trading at a trailing 12-month EV/EBITDA of 7.90x, significantly higher than the industry average of 4.42x and Par Pacific Holdings' (PARR) 4.45x [1] Group 1: Valuation and Market Position - The premium valuation of VLO compared to the industry raises questions about its justification, necessitating a thorough analysis of the company's fundamentals and business environment [3] - VLO's shares have increased nearly 40% over the past year, outperforming the broader refining industry, which saw an 18.5% improvement [12] - Despite the positive performance, VLO's premium valuation may be difficult to justify due to higher capital expenditure needs and a lower dividend yield of 2.73%, compared to the industry's 3.86% [15] Group 2: Refining Business and Oil Prices - VLO is expected to benefit from the current low oil price environment, with West Texas Intermediate (WTI) prices trading below $60 per barrel, significantly lower than a year ago [4] - As a leading refining company with a capacity to process 3.2 million barrels of oil daily, VLO can purchase oil at lower costs, enhancing its production of gasoline and distillates [5] - The U.S. Energy Information Administration (EIA) projects that global oil inventories will continue to rise, leading to soft crude prices, which will benefit VLO's refining activities [6] - VLO's high-complexity refineries allow it to process cheaper, heavier crude oil, which is advantageous as these types of crude trade at a discount [7][8] Group 3: Competitive Landscape - VLO's refining-heavy business model positions it well to capitalize on the pressure on crude oil prices, similar to competitors like PSX and PARR [9] - Over the past year, VLO's stock performance has outpaced that of PSX, which gained 17.7%, while PARR surged 112.6% [12]