Kicking off the short holiday trading week with gains and a broad-based rally. Everything from AI names to banks to retailers, industrials getting a bump. Can this broadening out continue into 2026.Well, joining us now, Carol Schlife from Beimo Private Wealth and Bob Dah from Cross Market Global Investments. It's great to have you both here. And Carol, I will start this conversation with you.How does this set us up for 2026. Well, clearly markets seem to be indicating that there's a lot of things going on u ...

I think for the near-term and near-term in this context, May being 2026, I think we should expect more M&A. And one of the reasons why I say that is because on one hand, you're seeing reasonably strong equity markets and some stability in rates. And, you know, you look at Treasury volatility, that's much lower.Rates may not be as low as some would like, but the rate volatility is lower. It sets a better platform. But I think the other sort of overarching theme here is that, you know, we have this k-shaped e ...

I wanted to title this article "The American Bubble", which seems to be the most commonly used term at present and in the last few months. It’s simple, everybody knows how to use it when they need to; every time stocksI’m a Portfolio manager (flexible equity funds and private clients), fundamental equity research, macro and geopolitical strategy.Over 10 years across global markets, managing multi-asset strategies and equity portfolios at a European asset manager.I combine top-down macro, bottom-up stock sel ...

Core Insights - FedEx reported fiscal second-quarter results that exceeded Wall Street expectations for both earnings and revenue, raising its full-year guidance due to stronger package pricing, higher U.S. volumes, and ongoing cost-cutting initiatives [1] Financial Performance - Adjusted earnings for the quarter were $4.82 per share, surpassing analysts' expectations of $4.11 [1] - Revenue increased to $23.5 billion, exceeding the consensus estimate of $22.78 billion [1] Operational Highlights - Consolidated operating performance improved with strengthened pricing across U.S. domestic and International Priority services, alongside growth in U.S. domestic package volumes [2] - Structural cost reductions remained on track, although gains were partially offset by higher wage and transportation expenses, global trade policy changes, and costs related to grounding the MD11 aircraft fleet [2] Segment Performance - The FedEx Express segment showed stronger operating results, with operating margin expanding by 100 basis points to 7.7%, exceeding the consensus expectation of 6.4% [3] - FedEx Freight segment results declined due to lower shipment volumes and rising wage expenses, incurring $152 million in one-time spin-off-related costs during the quarter [4] Future Outlook - For fiscal 2026, FedEx raised its revenue growth forecast to 5%–6% from a prior range of 4%–6% and increased its adjusted earnings outlook to $14.80–$16.00 per share before mark-to-market pension adjustments, compared to the previous range of $14.20–$16.00 [5] - The planned spin-off of FedEx Freight is on schedule for June 1, 2026, with the business expected to trade on the New York Stock Exchange under the ticker symbol FDXF [4]

Let's get to the broader markets. Our next guest is bullish about the new year. Says worries about tech's high valuations are misplaced.Joining us here this morning at Post9 is Tally Leisure, chief market strategist at the Wealth Consulting Group. Nice to have you in T. Welcome.>> Thank you. Good to be here. At least to have you, Dad.>> You're uh you're pretty constructive on next year. >> Yes. And I'm glad we're sitting down for that conversation because we see the S&P 500 achieving 85 8500 >> 8500 driven ...

Core Viewpoint - Wall Street strategists are largely optimistic about S&P 500 earnings growth, projecting earnings per share in 2026 to be between $300 and $320, indicating a year-over-year growth of 11% to 19% from the expected levels of this year [1] Valuation Perspectives - Some strategists believe the elevated forward price-earnings (P/E) ratio is justified and sustainable, which could lead to above-average market returns in 2026 [2] - Conversely, others view the high P/E as a potential headwind for the market, suggesting that it may revert to historical averages, which could limit returns [3] Market Timing and Valuation - Evidence indicates that the forward P/E ratio does not effectively predict stock market performance over a one-year period, with a weak correlation of -0.12 observed [4] - Analysts from Schwab emphasize that valuation is not a reliable market-timing tool, noting that high forward P/E ratios have historically been associated with both negative and positive returns [5] Market Trends - The stock market generally trends upward, even during periods of high P/E ratios, as indicated by the greater number of data points on the right side of the y-axis in historical charts [6] - The increase in earnings expectations is a significant driver of stock prices, contributing to the market rally observed this year despite flattening P/E ratios [7] Earnings Growth vs. Valuation - Falling valuations do not necessarily lead to declining stock prices; stocks can appreciate if earnings grow at a faster rate than prices [8]

Obviously the cut was not a surprise. They don't tend to buck market expectations, especially when they are particularly dominant in one direction or another. We did expect what could be defined as a hawkish cut where they certainly didn't lay out any promises for the glide path going forward.And that's what happened. And just before I came on, you were talking about increasing dissents on the Fed. I agree.I think that that is a good thing. I think it also helps to temper some of the concerns about independ ...

Uh, meantime, Lululemon earnings are out. Courtney Reagan has details from the report. Court.>> Yeah, John. And before I give you the details from the report, I have to let you know that CEO Kevin McDonald will be stepping down from Lululemon. There is going to be an extensive search, but in the meantime, the current CFO and chief commercial officer will step in to run as effective co-CEOs until a permanent successor has been named.McDonald has been with the company since 2018. And of course, as we've talke ...

Core Insights - Oracle reported revenue of $16.06 billion for the quarter ended November 2025, reflecting a year-over-year increase of 14.2% and an EPS of $2.26, up from $1.47 in the same quarter last year, although the revenue fell short of the Zacks Consensus Estimate by 0.55% [1] Financial Performance - Revenue growth was driven by a 17.2% increase in the Americas, reaching $10.47 billion, while Asia-Pacific saw a 4.9% increase to $1.83 billion, and Europe, the Middle East, and Africa reported an 11.2% increase to $3.76 billion [4] - Hardware revenue was $776 million, exceeding estimates of $713.6 million, marking a 6.6% year-over-year increase, while services revenue reached $1.43 billion, surpassing the $1.36 billion estimate with a 7.4% increase [4] - Software license revenue was $939 million, below the $1.18 billion estimate, and total software revenue was $5.88 billion, also below the $6.06 billion estimate [4] - Cloud revenue totaled $7.98 billion, slightly below the $8.01 billion estimate, with cloud applications revenue at $3.9 billion, a decrease of 18.5% year-over-year, and cloud infrastructure revenue at $4.08 billion, down 32.3% year-over-year [4] Stock Performance - Oracle's shares have returned -6.2% over the past month, contrasting with the Zacks S&P 500 composite's +1.8% change, and the stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

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