Market Overview - U.S. stock markets, including NYSE and Nasdaq, were closed on November 27, 2025, for Thanksgiving, but market sentiment remained positive due to expectations of a Federal Reserve interest rate cut in December and optimism surrounding artificial intelligence [1] - The Dow Jones Industrial Average closed at 47427.12, up 314.67 points (0.6679%), indicating positive momentum in the market [1] Key Performers - Major gainers among Dow components included Boeing (BA), which rose by 2.46%, Walmart (WMT) with a 2.07% increase, and Microsoft (MSFT) adding 2.04% [2] - Other notable gainers were Goldman Sachs (GS) up 1.71% and JPMorgan Chase (JPM) increasing by 1.64%, reflecting broad-based strength across various sectors [2] Decliners - Salesforce (CRM) was the biggest laggard among Dow components, falling by 2.51% [3] - Merck & Co. (MRK) decreased by 0.73%, while 3M (MMM) saw a modest decline of 0.43% [3] - Other companies with slight pullbacks included Honeywell (HON) down 0.43% and IBM (IBM) with a 0.41% loss [3]

Group 1 - Boeing's stock experienced a 2.5% increase, closing around $187, following a month-long decline of 18% [1] - The company secured over $7 billion in new U.S. defense contracts, including a $4.7 billion deal for 96 AH-64E Apache helicopters for Poland and a $2.47 billion contract for 15 KC-46A Pegasus tankers [2] - The new contracts provide Boeing with predictable revenue, reducing reliance on commercial jet timing and certification issues [3] Group 2 - Technically, Boeing's stock is below major moving averages, with an RSI of 36.77 indicating it is nearing oversold conditions, prompting interest from dip-buyers [4] - NASA's decision to reduce Boeing's Starliner crew missions from six to four has negatively impacted sentiment, with the contract value now at approximately $3.73 billion [5] - The current market sentiment is mixed, with defense contracts seen as a positive driver, while issues in the space and commercial sectors remain concerns [5][6]

Group 1 - The article highlights significant announcements in the stock market, including "suspension and resumption of trading, shareholding changes, investment wins, acquisitions, performance reports, unlocks, and high transfers" [1] - Important announcements are marked in red to assist investors in identifying investment hotspots and preventing various black swan events [1] - The article emphasizes the importance of timely information for investors to discern and find suitable listed companies [1] Group 2 - A company is noted for its technological reserves in the 6G field, possessing self-developed aerospace-grade chips that have been successfully applied [1] - Another company is recognized for its products related to storage chips and PCB, with a self-developed liquid cooling solution already supplied to Alibaba [1] - A company associated with Huawei has achieved mass supply of its electronic skin products [1]

Core Insights - Prosper Stars & Stripes achieved a net return of +9.8% in Q3 2025, outperforming its peer group which returned +3.8% and the Russell 2000 Index which returned +12.4% [1] - Year-to-date, the fund returned +8.6%, lagging behind the HFRI's +13.6% and the Russell's +10.4% [1] - The fund's long book performed well, while the short book negatively impacted overall performance [1] Company Highlights: Park Aerospace Corp. (NYSE:PKE) - Park Aerospace Corp. had a one-month return of 2.78% and a 52-week gain of 28.52%, with a market capitalization of $390.154 million as of November 26, 2025 [2] - The company was the second-best contributor in the fund's long book during Q3 2025, focusing on advanced composite materials for aerospace and defense [3] - Park has a sole-sourced agreement for producing composite materials for the LEAP-1A engine, which powers 60-70% of the A320 family of aircraft [3] - Airbus plans to increase production from 50 to 78 planes per month, benefiting Park's operations [3] - Park is involved in the Valkyrie loyal wingman program with Kratos and has historically achieved EBITDA margins above 20% in the aerospace and defense sectors [3] - The company announced a significant investment to expand production capacity for components used in missile systems, responding to increased demand from the US Army [3] - Military sales accounted for 42% of FY25 sales, with expectations for growth in the coming years [3] - The stock is valued at 25x FY26 EBITDA, with projections to reach the mid to high $20s within the next 12 months [3]

Market Overview - The U.S. stock market is closed on November 27, 2025, for Thanksgiving, with trading resuming on November 28, 2025, in a shortened session [1] - The latest market data reflects performance from November 26, 2025, where the Dow Jones Industrial Average rose by 314.67 points (0.6679%) to reach 47,427.12 [1] Market Drivers - Investor optimism regarding potential interest rate cuts by the Federal Reserve in December and renewed enthusiasm for the artificial intelligence (AI) sector drove the market rally [2] - This positive sentiment contributed to a four-day winning streak for benchmark indices, helping to recover earlier losses in November [2] - Global markets also benefited from the anticipation of rate cuts, despite the U.S. markets preparing for the holiday closure [2] Stock Performance - Boeing (BA) led the Dow components with a gain of 2.46%, reaching $186.92 [3] - Walmart (WMT) increased by 2.07% to $109.10, and Microsoft (MSFT) rose by 2.04% to $485.50 [3] - Financial institutions performed well, with Goldman Sachs (GS) climbing 1.71% to $816.01 and JPMorgan Chase (JPM) up 1.64% to $307.64 [3] - Conversely, Salesforce (CRM) was the biggest laggard, down 2.51% to $228.15, followed by Merck (MRK) down 0.73% to $104.63, and Honeywell (HON) decreasing 0.43% to $189.99 [3]

Company Overview - Honeywell International Inc. (HON) has a market cap of $120.6 billion and operates in diversified sectors including aerospace, industrial automation, building automation, and energy and sustainability solutions worldwide [1] - The company is classified as a "large-cap" stock, delivering products and services across various industries from aviation to manufacturing and infrastructure [2] Stock Performance - Honeywell's shares have decreased 16.7% from its 52-week high of $228.04 and have fallen 9.5% over the past three months, which is a more significant decline compared to the Industrial Select Sector SPDR Fund's (XLI) marginal drop [3] - On a year-to-date (YTD) basis, HON stock is down 10.9%, lagging behind XLI's nearly 16% return, and has declined 12.6% over the past 52 weeks compared to XLI's 6.3% return [4] Recent Developments - On October 23, Honeywell shares climbed 6.8% after the company reported Q3 2025 sales of $10.4 billion and adjusted EPS of $2.82, exceeding guidance [5] - The company experienced strong orders growth of 22%, a record backlog, and raised its full-year 2025 adjusted EPS guidance to $10.60 - $10.70, along with an optimistic organic growth outlook [5] Segment Performance - Solid segment performance was noted, particularly a 12% organic growth in Aerospace Technologies and margin expansion in Building Automation [6] Competitive Landscape - Despite Honeywell's weak stock performance, it has lagged behind GE Vernova Inc. (GEV), whose shares surged 79.3% YTD and 74% over the past 52 weeks [6] Analyst Sentiment - Analysts maintain a moderately optimistic outlook for Honeywell, with a consensus rating of "Moderate Buy" from 22 analysts and a mean price target of $240.75, indicating a premium of 26.7% to current levels [7]

Core Points - XMax Inc. has invested approximately US$5.60 million to acquire a 99.82% interest in Preamble Capital I, which recently acquired a 39.7% interest in a fund holding shares of SpaceX [1] Company Overview - XMax Inc., formerly known as Nova LifeStyle Inc., is a distributor of contemporary residential and commercial furniture, headquartered in Commerce, California [2] - The company focuses on integrating popular design trends into its product lines, serving a global customer base through various retail and e-commerce channels [2]

Core Points - Boeing has secured a Foreign Military Sales contract from the U.S. Army to produce 96 AH-64E Apache helicopters for the Polish Armed Forces, valued at nearly $4.7 billion, marking the largest order of Apache aircraft outside the U.S. in the program's history [2][4] - Deliveries of the Apache helicopters are expected to begin in 2028, with the Polish Ministry of National Defence already training pilots and maintainers [3][4] - The agreement includes an offset arrangement that will involve local industry in maintenance and support of the Apache fleet, along with the establishment of training programs and a composite laboratory by Boeing [4] Company and Industry Insights - Boeing is recognized as a leading global aerospace company and a top U.S. exporter, developing and servicing commercial airplanes, defense products, and space systems for customers in over 150 countries [7] - The Apache helicopter has evolved into the most advanced configuration, providing unmatched lethality, survivability, connectivity, and interoperability on the battlefield, with over 1,300 Apaches currently operating worldwide [5][6] - Boeing recently celebrated the 50th anniversary of the Apache's first flight, highlighting its ongoing commitment to innovation and support for global customers, including recent deliveries to the Australian Army, Indian Army, and Royal Moroccan Air Force [5]

Market Overview - The Dow Jones Industrial Average closed on November 26th, 2025, with a gain of 314.67 points (0.6679%), reaching 47427.12, driven by investor optimism regarding a potential Federal Reserve interest rate cut in December [1] - Despite mixed economic data, the sentiment around monetary policy easing contributed to a broader rally in U.S. equities ahead of the Thanksgiving holiday [1] Contributing Factors - Expectations of a rate cut, a sustained AI-led rally, and solid corporate earnings reports were key contributors to the market's strong performance [2] - Technology companies experienced renewed interest, extending a multi-day winning streak for major indexes, with advancers significantly outnumbering decliners on the NYSE [2] Company Performance - Boeing (BA) led the Dow's components with a gain of +2.58%, followed by Walmart (WMT) at +2.29% and Microsoft (MSFT) at +1.96% [3] - Goldman Sachs (GS) and Home Depot (HD) also saw increases of +1.66% and +1.51%, respectively [3] - Salesforce (CRM) was the biggest laggard, dropping -2.68%, potentially due to company-specific news or sector rotation, with IBM (IBM) and Merck & Co. (MRK) also declining by -0.39% and -0.24% [3]

Core Insights - The U.S. Department of Defense awarded Boeing two contracts totaling over $7 billion, despite NASA reducing the scope of the Boeing Starliner program [2] Contract Details - The contracts include $4.69 billion for additional Apache helicopters for the U.S. Army and $2.47 billion for 15 more KC-46 Pegasus aerial refuelers for the U.S. Air Force [3] - The Apache helicopters will be produced at Boeing's facilities in Mesa, Arizona, with an estimated completion date of May 30, 2032 [4] - The KC-46 contract is scheduled for completion by June 30, 2029, with work performed in Seattle, Washington [5] Apache Helicopter Insights - The AH-64E Apache is the latest variant, with over 1,280 units in service and more than five million flight hours logged [6] - The Apache has been widely deployed in various conflicts, gaining recognition during the Gulf War in 1991 [7] - The new contract extends the Apache production program into the early 2030s, with expectations for service longevity into the 2060s [8] KC-46 Pegasus Insights - Development of the KC-46A Pegasus began in 2011, and it was selected to replace the aging KC-135 Stratotankers [9] - The new Lot 12 contract will not exceed the 183-aircraft cap imposed by Congress until design deficiencies are addressed [10] - There is speculation that the Air Force may cancel its Next Generation Aerial Refueler program in favor of the KC-46 once issues are resolved [11] Strategic Importance - The KC-46's advanced capabilities and increased reliability are seen as essential for meeting future operational demands [12]