In a speech today at the NABE Annual Meeting, Fed Chair Jerome Powell said, “The outlook for employment and inflation does not appear to have changed much since our September meeting,” which investors have interpreted to support additional rate cuts.Most stock indexes rallied to record highs last week on optimism that growth in the AI sector and spending on artificial intelligence will translate into corporate profits. Stocks are also underpinned by hopes that a resilient US economy and additional Fed easin ...

Core Viewpoint - The domestic markets have remained stable despite challenges such as US tariffs and significant foreign institutional investor selling, supported by favorable monsoon conditions and expected recovery in domestic demand [1][2]. Market Analysis - The Nifty is valued at a 15-year average P/E multiple of 19.2x, with a 12-month target of 28,781, reflecting an increase from the previous target of 27,609. In a bull case scenario, the target rises to 30,220, while in a bear case, it drops to 25,903 [3]. Sector Performance - Domestic-oriented sectors are expected to outperform, with banks, NBFCs, auto, retail, consumer staples, defense, metals, and select durables identified as key outperformers [4]. Earnings Forecast - Strong growth is anticipated for Q2FY26, with a projected 9.7% rise in sales, 11.2% growth in EBIDTA, and a 9.9% increase in Profit Before Tax (PBT) [5]. Growth Drivers - The growth trajectory is expected to be driven by commodities such as metals, cement, and oil and gas, along with sectors like telecom, AMC, and EMS. Conversely, banks, Housing Finance Companies, media, and travel sectors are projected to see a decline in PBT [6]. Stock Recommendations - Preferred large-cap stocks include Adani Ports, Apollo Hospitals, Britannia, HAL, ICICI Bank, and ITC. Mid/small-cap picks include Amber Enterprises, DOMS Industries, Eris Lifesciences, and Voltamp Transformers. Recent additions to conviction picks are Mahindra & Mahindra, Tata Steel, State Bank of India, Amber Enterprises India, and Latent View Analytics, while Bharti Airtel, Aster DM Healthcare, Crompton Greaves Consumer Electricals, and Ingersoll Rand (India) have been removed [7].

British retailer Marks & Spencer said on Tuesday it is extending Archie Norman's tenure as its chair for three more years from September 2026. ...

Market Overview - U.S. equities showed upward momentum in Q3, with the S&P 500 Index increasing by 8.1% and the Russell Midcap Growth Index rising by 2.8% [2] - Investor optimism was driven by favorable tariff outcomes, the passing of the One Big Beautiful Bill Act, anticipated interest rate cuts, and strong corporate earnings [2] Strategy Performance - The ClearBridge Growth Strategy outperformed its benchmark for the second consecutive quarter, supported by diversified growth contributors [3] - Key themes driving performance included artificial intelligence (AI) and cryptocurrency, with significant gains from holdings like Broadcom, AppLovin, Palantir, and Robinhood [3][4] Sector Contributions - Strong stock selection and strategic sector positioning were pivotal, with Broadcom's announcement of a new customer for its AI-focused XPU chips highlighting its market leadership [4] - L3Harris benefited from increased demand in defense spending, while TKO secured a lucrative deal with Paramount for UFC rights, showcasing the value of premium content [5] Portfolio Positioning - The strategy maintained a disciplined approach by trimming winners and reallocating capital into new opportunities, adding four new positions during the quarter [8] - Notable additions included On Holding, a premium footwear designer, and Roblox, a leading user-generated gaming platform, both expected to drive strong revenue growth [9][10] Individual Stock Performance - Leading contributors to performance included AppLovin, TE Connectivity, Broadcom, Robinhood, and L3Harris, while detractors were Vertex Pharmaceuticals, Chipotle, and HubSpot [20] - The strategy closed positions in Paylocity and Ultragenyx Pharmaceutical, reflecting a focus on evolving investment theses [20] Outlook - The strategy aims to maintain a balanced portfolio to capture upside in strong markets while providing downside protection during volatility [16] - The focus remains on monitoring stock-specific and sector allocations, reallocating capital to opportunities with attractive risk-reward profiles [17]

Core Viewpoint - Jianghua Youjia Lighting Business has recently been established as a sole proprietorship with a registered capital of 20,000 RMB, indicating a new player in the lighting and related products market [1] Company Summary - The legal representative of Jianghua Youjia Lighting Business is Yu Jia [1] - The business scope includes general projects such as lighting sales, sales of lighting appliances, and internet sales (excluding items requiring licenses) [1] - The company is involved in the manufacturing of semiconductor discrete devices, semiconductor lighting devices, and specialized equipment for semiconductor devices [1] - Additional sales categories include daily necessities, leather products, maternal and infant supplies, daily consumer goods, cosmetics, clothing and accessories, luggage, toys, animation and gaming supplies, furniture, and furniture accessories [1]

Market Overview - Japan's Nikkei index fell by 2.2% or 1061 points to 47,027 after a national holiday [2][4] - The Hang Seng index in Hong Kong decreased by 0.1% to 25,839, while Shanghai's Composite index increased by 0.2% to 3,897.56 [2][4] - South Korea's Kospi index saw a slight increase of 0.02% to 3,585 [2][4] U.S.-China Relations - President Trump reassured that the U.S. wants to help China, stating that Xi Jinping "doesn't want Depression for his country" [2][4] - Trump's comments followed a turbulent week for markets, including his criticism of China and threats of higher tariffs [2][4] - Despite tough rhetoric, Trump indicated a potential meeting with Xi Jinping later this month, leaving trade talks uncertain [2][4] Stock Performance - Broadcom experienced a significant gain of 9.9% after announcing a partnership with OpenAI to develop AI accelerators for ChatGPT [3][4] - Fastenal reported a 7.5% drop, marking the largest loss in the S&P 500 due to slightly weaker-than-expected quarterly profits [3][4] - Investors are focusing on the upcoming earnings season, with major companies like JPMorgan Chase, Johnson & Johnson, and United Airlines set to report [3][4] Commodities and Currency - U.S. crude oil prices increased by 20 cents to $59.69 per barrel, while Brent crude rose by 21 cents to $63.53 per barrel [3][4] - In currency markets, the dollar fell to 152.13 Japanese yen from 152.29 yen, while the euro strengthened to $1.1581 from $1.1569 [3][4]

Amazon will once again beef up its workforce in the fourth quarter to handle the expected shopping surge that comes with the holidays. This year, though, it could be responsible for nearly half of all seasonal hiring in the retail sector. Most Read from Fast Company The retail giant says it plans to create 250,000 jobs in the U.S. That’s on par with the number of people it hired last year—and in 2023. That not only underscores Amazon’s standing among shoppers, but it also puts a spotlight on expected slo ...

Market Overview - U.S. equities experienced a significant rebound on October 13, 2025, recovering from substantial losses due to improved investor sentiment following President Trump's softened trade rhetoric towards China [1][3] - Major U.S. stock indexes, including the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, all posted robust gains in afternoon trading, with the S&P 500 up 1.6%, Nasdaq up 2.1%, and Dow up 1.3% [2] Sector Performance - The technology sector led the market recovery, with the Technology Select Sector SPDR (XLK) showing significant gains, while other sectors such as Materials (XLB), Energy (XLE), Consumer Discretionary (XLY), Communication Services (XLC), Financial (XLF), and Industrial (XLI) also registered advances [4] - The Consumer Staples Select Sector SPDR (XLP) was the only sector in negative territory, down approximately 0.22%, as investors shifted towards more cyclical sectors [5] Upcoming Market Events - The U.S. earnings season is set to begin, with major banks like JPMorgan Chase scheduled to report quarterly results, alongside other notable companies such as Johnson & Johnson and United Airlines [6] - The ongoing U.S. government shutdown is delaying the release of key economic data, including inflation figures and retail sales data, which could introduce uncertainty for the Federal Reserve's monetary policy decisions [7] Corporate Developments - Broadcom shares surged approximately 10% following a collaboration announcement with OpenAI to design custom AI accelerators, highlighting strong investor interest in the AI sector [12] - Other chipmakers, including Advanced Micro Devices and Micron Technology, also saw gains of 3.4% and 4.9% respectively, while Nvidia gained close to 3% [12] - Fastenal shares fell between 4.8% and 6.4% after reporting third-quarter profits that narrowly missed analysts' expectations [12] - HCL Technologies is set to announce its Q2 FY26 results, with investors focused on management's commentary regarding deal pipelines and demand outlook [12] - Avenue Supermarts reported a steady Q2 FY26 performance, with a nearly 4% year-on-year increase in consolidated net profit and a 15.5% rise in revenue [12] - Bharat Petroleum Corporation Limited announced a strategic partnership with Reliance BP Mobility Ltd to expand its city gas distribution and compressed natural gas network [12]

Core Insights - Tractor Supply Company (TSCO) is a rural lifestyle retailer with a market cap of $28.7 billion, set to announce its fiscal Q3 earnings for 2025 on October 23 [1] Financial Performance Expectations - Analysts anticipate TSCO to report a profit of $0.48 per share for Q3 2025, reflecting a 6.7% increase from $0.45 per share in the same quarter last year [2] - For the current fiscal year ending in December, TSCO is expected to report a profit of $2.11 per share, up 3.4% from $2.04 per share in fiscal 2024, with an anticipated EPS growth of 11.4% year-over-year to $2.35 in fiscal 2026 [2] Stock Performance - TSCO's stock has declined by 10.6% over the past 52 weeks, underperforming the S&P 500 Index's 13.4% return and the Consumer Discretionary Select Sector SPDR Fund's 17.4% increase during the same period [3] Recent Quarterly Performance - In Q2, TSCO reported total revenue of $4.4 billion, a 4.5% year-over-year increase, surpassing consensus estimates, with an EPS of $0.81, which was 1.3% above analyst expectations [4] - The increase in SG&A as a percentage of net sales by 50 basis points from the previous year was attributed to planned growth investments and modest deleveraging of fixed costs, which may have negatively impacted investor sentiment despite the positive performance [4]

Core Insights - The AGIX index aims to capture the beta and alphas of the AGI era, which is expected to be a significant technological paradigm shift over the next 20 years, similar to the impact of the internet [2] - The article reflects on the progress of AGI and aims to document insights inspired by legendary investors like Warren Buffett and Ray Dalio [2] Market Performance Summary - AGIX experienced a weekly decline of 1.51%, but has a year-to-date return of 30.67% and a return of 91.04% since 2024 [5] - In comparison, major indices like S&P 500, QQQ, and Dow Jones saw declines of 2.79%, 3.00%, and 2.60% respectively [5] Sector Performance - The semi & hardware sector declined by 1.99%, while infrastructure and application sectors saw slight increases of 0.28% and 0.20% respectively [6] AI Investment Framework - The AI investment framework includes a roadmap that has only reached the first stage, "AI for Productivity," despite the emergence of tools like ChatGPT [10] - The second stage, defined as "Gaming as Training," highlights the role of gaming environments in training AI models, as they provide a controllable environment for agents to learn through interaction [10][11] Dreamer Research Insights - The Dreamer series from Google has shown significant advancements in enabling agents to learn through "imagination" in hidden state spaces, with Dreamer v4 achieving knowledge acquisition from unannotated offline video datasets [12][14] - Dreamer v3 demonstrated the ability to generalize across various tasks without extensive adjustments to algorithms, enhancing the applicability of reinforcement learning [13] Hedge Fund Activity - Hedge funds have been increasing their positions in global stocks, particularly in North America and Japan, with a notable focus on the TMT sector [16] - The overall leverage of long/short funds in North America has slightly decreased but remains near historical highs, indicating a cautious approach amidst market volatility [16] AI Stock Highlights - Nvidia's stock reached an all-time high following the approval of chip exports to the UAE, indicating strong demand and potential for growth in international markets [18][19] - Google launched "Gemini Enterprise" to compete with Microsoft and OpenAI, aiming to commercialize its AI investments [20] New AI Tools and Services - Amazon introduced "Quick Suite," an updated AI tool aimed at enhancing automation in office software, while Salesforce launched "Agentforce IT Service" to challenge ServiceNow in IT service management [21][22]