Economic Overview - The S&P 500 has reached a new record, indicating a positive outlook for a potential Santa Claus rally [1] - Recent economic data shows strong GDP growth, with Q3 at 4.3% and Q2 at 3.8%, suggesting robust economic fundamentals [2][3] - Average growth in the US economy over the past six months is 4%, indicating solid economic performance [3] Consumer Sentiment and Spending - Despite strong economic indicators, consumer sentiment remains low, which could impact holiday shopping behavior [4][5] - Household consumption increased by 3.5% in Q3, raising questions about the relationship between consumer sentiment and actual spending [6] Earnings and Market Performance - Earnings growth for the broader S&P 500 companies is projected at around 9% for the year, with the "Magnificent 7" driving higher growth rates [10][11] - The overall earnings growth for the S&P 500 is expected to be around 12% for 2025, indicating a healthy market environment [10] - Companies' earnings reports will be crucial in determining market trends and investor sentiment moving into 2026 [9] Investment Strategies - Investors are advised to consider trimming positions in high-performing equities, particularly in big tech, and reallocating to sectors that have underperformed [12][13] - A focus on international equities and companies outside the "Magnificent 7" is suggested for portfolio rebalancing [13][14] Company-Specific Developments - Hut 8 is set to significantly increase its value through a $7 billion deal to develop an AI data center in Louisiana, backed by Google [27][31] - The deal includes a financial backing that allows Hut 8 to secure substantial financing for the project, which is expected to transform the company's business model [32][34] - Hut 8's growth potential is further supported by its ownership of Bitcoin and its strategic partnerships with major financial institutions [34][36]

Core Viewpoint - DXS International plc has provided an update regarding a cyber security incident that affected its office servers, confirming that the situation has been contained and additional security measures are being implemented to enhance monitoring and protection [2]. Group 1: Incident Update - The cyber security incident was reported on December 18 and has since been contained [2]. - The company is taking proactive steps by implementing additional monitoring and security measures to ensure ongoing vigilance [2]. Group 2: Company Overview - DXS International plc operates in the healthcare information sector, providing digital clinical decision support systems [2]. - The company delivers up-to-date treatment guidelines and recommendations from trusted NHS sources to healthcare professionals, aiming to improve healthcare outcomes and contribute to NHS efficiency savings [4].

Core Technology & Solution - Enigma Protocol is developing a next-generation privacy infrastructure where visibility equals vulnerability, aiming to provide invisible security and absolute sovereignty [3][8] - Enigma's Ravid framework (Randomized Adaptive Virtual Infrastructure Defense) randomizes everything to keep applications private, making the infrastructure invisible to the outside world and quantum-ready [9][10] - Enigma's technology eliminates the reconnaissance phase of cyber attacks by randomizing and abstracting the infrastructure, making it a moving target [12][13] - Enigma offers an ecosystem spanning EPN (Enigma Private Network), Vault for storage, and Echo for messaging, creating an adaptive shield for digital life [9] - Enigma's EPN provides an invisible network presence with identity-based access and identity-controlled microparameters, unlike traditional VPNs [18][19] - Vault offers zero-knowledge storage with files encrypted, charted, and scattered, recoverable only through verified keys in Ravid's fabric, ensuring maximum security for digital assets [19][20] Market Positioning & Strategy - Enigma aims to make its advanced network technology accessible to everyone, technology previously reserved for elite entities, with components already integrated into eight of the top 10 US banks [14] - Enigma's go-to-market strategy targets both Web2 and Web3, integrating with existing platforms and offering a solution agnostic to cloud or network providers [30][32] - Enigma is partnering with projects in the Web3 space and aims to protect approximately 52 million terminals worldwide through a partnership in Europe [32][33] - Enigma differentiates itself by having no seed, private, or public token sale, backed by a leadership and advisory board with exceptional credentials [34] Team & Credibility - Enigma's founding team combines private sector experience with deep public sector credentials, including privacy and security specializations from the US Marines and advisory roles at the White House [25]

Core Viewpoint - DXS International plc has reported a cyber security incident affecting its office servers, which was discovered on December 14. The company is actively managing the situation with minimal impact on its services and does not expect a material adverse effect on its financial position or forecasts for FY 30 April 2026 [2][4][5]. Group 1: Incident Details - The security incident was contained quickly through collaboration between DXS's internal IT security teams and NHS England [3]. - An external cyber security specialist agency has been appointed to investigate the nature and extent of the incident [3]. - The company has notified relevant regulators, authorities, and law enforcement agencies, including the Information Commissioner's Office and various NHS bodies, and is cooperating with their investigations [4]. Group 2: Impact on Operations - There was minimal impact on the company's services, and its front-line clinical services remain operational [4]. - The company does not anticipate that the incident will have a material adverse impact on its financial position or market forecasts for FY 30 April 2026 [5]. Group 3: Company Overview - DXS International provides healthcare information and digital clinical decision support systems, delivering up-to-date treatment guidelines and recommendations to healthcare professionals [7]. - The company's services aim to improve healthcare outcomes cost-effectively, contributing to NHS efficiency savings [7].

ServiceNow's Potential Acquisition - ServiceNow's stock is down 115% amid reports of talks to acquire cyber firm Armis for $7 billion [1] - The potential acquisition of Armis, a cybersecurity firm, is viewed as a positive strategic move for ServiceNow, aligning with their desired presence in the cybersecurity sector [2] Stock Performance & Market Trends - ServiceNow's stock momentum does not appear favorable, with year-to-date and one-year performance indicating difficulties [2][3] - Software companies are currently underperforming relative to semiconductor companies in the technology sector [3] Other Companies Mentioned - Citigroup (City) is favored [4] - Lidos is investing in AI with a new CTO [4] - Industrials, excluding electrification, present opportunities [5]

It's time now for the big three. Three stocks, three charts, and three trades. Rick Ducat will take us through the charts. And here to take us through the trades is Scott Bower, the CEO of Prosper Trading Academy.Great to have you both with us. Scott, I'd love to start with a big picture thought on this market action that we're seeing to start the week. As I'm checking the board, we are still entirely in the red.>> Yeah. And you know, you guys were just discussing all of the eco data coming out and there's ...

Core Viewpoint - The investment strategy involves rotating out of overvalued AI and technology stocks into sectors that are seen as undervalued but still related to technology, such as utilities and emerging markets [4][5][10]. Group 1: AI and Technology Trends - The belief is that there are still years of growth potential in AI and related technologies, including cybersecurity and digital assets [2][3]. - AI is expected to complement other technologies and enhance daily life, indicating a long-term trend rather than a short-term spike [3]. Group 2: Sector Rotation Strategy - In August, the company reduced exposure to communication services due to perceived overvaluation and shifted investments into utilities, which have a lower price-to-earnings (PE) ratio [4]. - By the end of October, a similar strategy was applied to information technology, with funds redirected towards emerging markets, particularly in chip and hardware manufacturing [5]. Group 3: Investment Approaches - Investors are encouraged to either seek undervalued fundamental stories in these sectors or consider ETFs and mutual funds that track these trends [7]. - A small allocation to a diversified basket of emerging markets is suggested as a way to capitalize on growth similar to the tech sector's rise in the U.S. [8]. Group 4: Current Market Dynamics - There has been a rotation away from technology stocks towards more defensive sectors, with consumer stocks performing well recently [10]. - Healthcare stocks have also seen significant attention, and the strategy involves adjusting allocations back to market weight while favoring utilities, industrials, and financials [11]. Group 5: Financial Sector Insights - Financials are viewed as an attractive investment due to expectations of falling short-term interest rates while longer-term rates remain stable or increase, benefiting banks [12][14]. - The expansion of technology companies through debt is also seen as a potential opportunity within the financial sector, providing diversification away from a heavy reliance on technology [15].

Core Points - Radware, a leader in application security and delivery solutions, will hold its 2025 Annual General Meeting on December 22, 2025, at 9:00 a.m. (EST) [1] - The record date for shareholders to participate in the meeting is November 18, 2025 [1] - The agenda includes the presentation of financial statements for the year ended December 31, 2024, and the auditors' report [2] Proposals - The meeting will include proposals to elect three Class II directors until the 2028 annual meeting [8] - Approval of the renewal of the Company's Compensation Policy for Executive Officers and Directors is on the agenda [8] - Compensation terms for non-employee directors, including equity-based awards, will be proposed [8] - The reappointment of Kost Forer Gabbay & Kasierer as auditors and authorization for the Board to fix their remuneration will be discussed [8] Voting Requirements - All proposals require a simple majority of shares voted, with specific conditions for Proposals 2 and 3 regarding disinterested shareholders [3] - The company currently has no controlling shareholder as defined by Israeli law [3] Quorum and Adjournment - If a quorum is not present, the meeting will be adjourned to the same time and place the following week [4] Additional Information - Shareholders will receive a proxy statement detailing the proposals and a proxy card for voting [5] - The proxy statement will also be filed with the U.S. Securities and Exchange Commission [5] Company Overview - Radware specializes in cybersecurity and application delivery solutions for various data center environments [6] - The company aims to provide infrastructure and IT protection to enhance business continuity and productivity while managing costs [6]

For more, let's bring in Jeff Kilberg, KKM Financial founder and CEO, a CNBC contributor. It's almost like having this shopping list and thinking, "Oh, I can't afford that. I can't afford it." And waiting for it to go on sale. >> You're absolutely right, contestant.I wouldn't say the damage is done necessarily in some of these AI themed big tech names. I think just some profit taking has occurred. We've seen two consecutive weeks of profit taking.The jitters really were spurred by the uncertainty what the F ...

Core Insights - Arog's earnings have significantly increased, with shares rising by 26-27% following the announcement [1] - Adjusted earnings per share (EPS) came in at 22 cents, surpassing estimates of 16 cents [1] - Revenue also exceeded expectations, reported at $137 million compared to the anticipated $128 million [1] - The company provided optimistic fourth-quarter guidance for both EPS and revenue, with EPS guidance set at 18 to 20 cents, again above the 16 cents estimate [1] Industry Context - Cybersecurity challenges in the market are influencing Arog's performance, as the company plays a role in securing software amidst these challenges [2]