U.S. spot Bitcoin ETFs began the first full trading week of 2026 with a powerful capital rotation, absorbing a net inflow of approximately $697 million on Monday, January 5. Data from multiple sources, including SoSoValue, confirms that this is the largest single-day inflow since October 7, 2025, indicating a decisive return of institutional appetite after a stagnant final quarter. Bitcoin Breaks Out as ETF Demand Jumps The demand surge coincided with a sharp move in the underlying asset, with Bitcoin ...

Key Points Stocks have had quite a run in the past three years and become quite expensive relative to the economy. Investors should consider rebalancing their portfolios and looking for those diamonds in the rough. Most of all, it's essential to remain optimistic and continue investing through the market's ups and downs. These 10 stocks could mint the next wave of millionaires › Billionaire investor Warren Buffett is renowned for his discipline on stock valuations. He famously developed what has ...

High-profile managerial cuts draw notice when it is a high-profile manager, yet headline-sized trades do not necessarily correlate with broken companies. Even long-term names can feel vulnerable on the tape when portfolio rebalancing and changes in thematic conviction make even the names look vulnerable in a choppy growth market and tech-proximate market. The same dynamic is being enacted with DraftKings (DKNG) following the sale by Cathie Wood’s ARK Invest last week. After holding DraftKings for a long ...

Core Viewpoint - Harbour Energy has announced a $3.2 billion acquisition of LLOG Exploration Company LLC, marking its entry into the U.S. deepwater Gulf, referred to as the "Gulf of America" following a federal naming change in 2025 [1] Financial Details - The acquisition consideration includes $2.7 billion in cash and $0.5 billion in Harbour voting shares, with LLOG Holdings expected to own approximately 11% of Harbour's listed voting ordinary shares upon completion [2] - The transaction is anticipated to close in late Q1 2026, pending customary conditions including U.S. antitrust clearance under the HSR Act [2] Operational Insights - LLOG is a well-established private deepwater operator with a portfolio that includes operated hubs such as Who Dat, Buckskin, and the Leon-Castile developments, which provide Harbour with significant operational control and future drilling opportunities [3] - LLOG's current output is about 34,000 barrels of oil equivalent per day (boe/d), with plans to potentially double production by 2028, primarily through activities in the Lower Tertiary Wilcox trend and infrastructure-led drilling [3] Strategic Rationale - The acquisition is positioned as a portfolio rebalancing and durability strategy for Harbour, with financing comprising a $1 billion underwritten bridge, a $1 billion term loan, and existing liquidity, which will increase leverage in the short term but is aligned with maintaining an investment-grade trajectory [4] - The deal aligns with a broader industry trend where independent operators with mature-basin exposure seek to secure longer-life, higher-margin offshore barrels with established infrastructure [5] Industry Context - The acquisition underscores the Gulf's ongoing significance in global supply, despite naming politics, as U.S. agencies have adopted "Gulf of America" while many international entities continue to use "Gulf of Mexico" [6] - The purchase is expected to add substantial 2P reserves and enhance Harbour's group reserve life, supporting production levels around 500,000 boe/d throughout the decade [6] - Management anticipates free cash flow per share accretion starting in 2027 and plans to adjust its distribution framework towards a payout-ratio approach in 2026, combining base dividends with buybacks to align with international peers [6] - LLOG's oil-weighted deepwater barrels and the U.S. fiscal structure are expected to support margins and Harbour's effective tax rate [6]

Core Viewpoint - The cryptocurrency market remains highly volatile, with Bitcoin experiencing significant price fluctuations in 2025, peaking above $125,000 before dropping over $40,000 from its record high, currently trading near $88,000 [1][3]. Investment Strategies - Investors are advised to carefully size their crypto portfolio, with recommendations suggesting a modest allocation of no more than 5% for most, while some may opt for 1% to 3% [4]. - It is important to align the risk level of other holdings in a portfolio, potentially reducing exposure to high-growth stocks to maintain overall volatility [5][6]. - Diversification within the crypto asset class is encouraged, with suggestions to include assets like Ether and Solana alongside Bitcoin to capture various trends [7][8]. - Advisors caution that many non-Bitcoin digital assets may still behave like tech stocks, making it uncertain how their trading will evolve over time [9][10]. ETF and Index Fund Opportunities - The crypto ETF landscape has expanded significantly, with 11 spot Bitcoin ETFs approved in January 2024, attracting billions in institutional inflows [11][12]. - Investors can now consider index-based crypto funds, such as the Grayscale CoinDesk Crypto 5 ETF, which holds a basket of top crypto assets and automatically rebalances based on market capitalization [13][14]. - New ETFs are expected to launch, providing additional options for diversification and income components similar to traditional bonds [18]. Financial Advisory and Management - Engaging with a crypto-friendly financial advisor can help investors create a diversified portfolio that includes crypto, as the asset class gains traction [15][17]. - Some firms view Bitcoin as a hedge against inflation, emphasizing its potential to retain value as the purchasing power of the U.S. dollar declines [16]. - Dollar cost averaging and regular rebalancing are recommended strategies to manage volatility in crypto investments [19][20][21]. Downside Protection Products - Investors seeking downside protection may consider principal protected notes or downside protection ETFs, such as the Calamos Bitcoin Structured Alt Protection ETF, which offers varying levels of downside protection [24][25][26].

New analysis suggests Bitcoin’s four-year cycles have been replaced — and the world’s biggest cryptocurrency could rebound to $140,000 at some point in the next 180 days. According to Copper, the arrival of exchange-traded funds tracking BTC’s spot price have changed this digital asset’s behavior, and given way to what it calls the “cost-basis returns cycle.” “Across 2024/2025, Bitcoin has exhibited the same repeatable pattern: price breaks to new all-time highs, corrects sharply, and then finds support ...

Core Insights - Portfolio rebalancing is essential as 2025 ends, especially for those with capital gains and taxable losses, and consulting with financial advisors is highly recommended [1][6] - Investors heavily exposed to AI and growth stocks should consider diversifying their portfolios with fixed income ETFs, cash, gold, or alternative assets for better risk-adjusted returns [2][5] - The market dynamics in 2026 will significantly influence potential returns, emphasizing the importance of focusing on controllable factors [3] Investment Strategies - Investors should reassess their sector exposures and consider how their portfolios should be structured for the next five to ten years [9][8] - Reviewing insurance policies and fixed costs can lead to significant savings, making it a valuable year-end task [11] - Creating a budget for 2026 is crucial for managing income and expenses effectively, which is vital for long-term wealth growth [13] Long-Term Planning - The end of the year is an opportune time for updating estate planning documents, especially for those with dependents or health concerns [15] - Exploring additional income streams, such as side hustles, can have a substantial impact on financial goals [17] - Staying informed about macroeconomic developments can enhance long-term investment strategies [20] Goal Setting - Setting realistic and measurable goals for the new year can help investors achieve their financial objectives without overwhelming themselves [21]

Core Insights - Meros Investment Management sold 259,973 shares of Interface, reducing its position by approximately $4.1 million in the third quarter, leaving a remaining stake of 166,576 shares valued at $4.8 million as of September 30 [2][3][7] - The sale decreased Interface's representation in Meros's reportable assets under management (AUM) to 2.1%, down from 4.24% in the previous quarter [4] - Interface's stock price was $27.32, reflecting a 5% increase over the past year, but underperforming compared to the S&P 500, which rose 13% in the same period [4] Company Overview - Interface, Inc. has a market capitalization of $1.6 billion, with a trailing twelve months (TTM) revenue of $1.4 billion and a net income of $113 million [5] - The company specializes in modular flooring products, including carpet tiles, resilient flooring, and luxury vinyl tiles, serving both commercial and residential markets [6][9] Recent Performance - In the third quarter, Interface reported net sales of $364.5 million, a 5.9% increase year-over-year, and a GAAP EPS of $0.78, which is a 62.5% increase from the previous year [10] - Management raised full-year sales guidance to nearly $1.38 to $1.39 billion, indicating confidence in future performance [10] - The company generated $76.7 million in cash during the third quarter, highlighting strong cash flow and operational momentum [11] Sales Channels - Interface generates revenue through direct sales to end-users, indirect sales via contractors and distributors, and online channels, complemented by project management and maintenance services [12]

Core Insights - Meros Investment Management sold 259,973 shares of Interface, reducing its stake by approximately $4.1 million, leaving a remaining position of 166,576 shares valued at $4.8 million at quarter-end [2][3] Company Performance - Interface reported a 5.9% increase in net sales to $364.5 million for the third quarter, with GAAP EPS rising 62.5% year-over-year to $0.78 and adjusted EPS increasing by 27% to $0.61 [9] - The company raised its full-year sales guidance to nearly $1.38 to $1.39 billion, indicating improved operational performance and higher adjusted gross margins [9] Market Position - As of the latest filing, Interface's shares were priced at $27.32, reflecting a 5% increase over the past year, although this performance lags behind the S&P 500, which rose by 13% in the same period [3] - Interface's market capitalization stands at $1.6 billion, with a trailing twelve-month (TTM) revenue of $1.4 billion and a TTM net income of $113 million [4] Business Overview - Interface is a modular flooring company with a diverse product portfolio, including modular carpet tiles, resilient flooring, and luxury vinyl tile, serving both commercial and residential markets globally [6][8] - The company generates revenue through direct sales to end-users, indirect sales via contractors and distributors, and online channels, complemented by project management and maintenance services [8]

Core Insights - Canadian banks have reported strong quarterly earnings, generally exceeding estimates and resulting in significant stock price increases [1][2] - Despite challenges in the Canadian economy, banks are successfully generating higher revenues and profits, partly due to their substantial operations in the U.S. market [1] - The Canadian banking sector has shown impressive long-term performance, often outperforming the U.S. stock market [8] Earnings Performance - TD Bank reported a revenue decline to $15.49 billion, down 0.1% year over year, but adjusted earnings per share increased by 26.7% to $2.18 [8] - Royal Bank of Canada achieved revenue growth of $17.21 billion, up 14.2% year over year, with adjusted earnings per share rising by 25% to $3.85 [9] - Scotiabank's revenue grew to $9.8 billion, up 14.8% year over year, with adjusted earnings per share increasing by 22.9% to $2.56 [11][12] - Bank of Montreal reported revenue growth of $9.34 billion, up 4.2% year over year, and adjusted earnings per share surged by 72.6% to C$3.28 [14] - CIBC's revenue increased to $7.58 billion, up 14.5% year over year, with adjusted earnings per share rising by 16% to C$2.21 [16] - National Bank's revenue grew to $3.7 billion, up 25.9% year over year, with adjusted earnings per share increasing by 9% to C$2.82 [18] Market Performance - The Canadian banking sector ETF, ZEB-T, saw a weekly increase of 3.01% [7] - Individual bank stock performances for the week included CIBC up 4.78%, Royal Bank up 4.52%, TD Bank up 3.95%, Scotiabank up 2.66%, Bank of Montreal up 1.39%, and National Bank up 1.07% [10]