Market Overview - Overseas stock markets showed mixed results, with the Euro Stoxx 50 down by -0.40%, China's Shanghai Composite up by +0.05%, and Japan's Nikkei Stock 225 down by -0.02% [1] - The S&P 500 Index closed down -1.57%, the Dow Jones Industrial Average down -1.34%, and the Nasdaq 100 Index down -2.04% [6] Earnings Reports - Over two-thirds of S&P 500 companies have reported earnings, with 76% beating expectations. S&P earnings growth is projected to increase by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth [2] - Excluding the Magnificent Seven technology stocks, Q4 earnings are expected to rise by +4.6% [2] - Cisco Systems fell more than -12% after indicating that higher memory-chip prices would impact profitability [5][14] - ICON Plc closed down more than -39% due to an internal investigation into accounting practices, suggesting revenue may have been overstated by less than 2% [13] - Tyler Technologies reported Q4 total revenue of $575.2 million, below the consensus of $590.8 million, leading to a decline of more than -15% [14] Sector Performance - The Magnificent Seven technology stocks experienced a sell-off, with Apple down more than -5% and Amazon, Meta, and Tesla down more than -2% [10] - Trucking and logistics companies faced significant declines amid concerns over AI disruption, with Landstar Systems down more than -15% and CH Robinson down more than -14% [11] - Cryptocurrency-exposed stocks fell after Bitcoin declined by more than -3%, with Coinbase down more than -7% [12] Economic Indicators - US January existing home sales fell -8.4% month-over-month to a 16-month low of 3.91 million, below expectations of 4.5 million [3] - Lower bond yields supported stocks, with the 10-year T-note yield falling to a 2.25-month low of 4.10% [4][7] - UK Q4 GDP rose by +0.1% quarter-over-quarter and +1.0% year-over-year, which was weaker than expected [8]

Good afternoon everyone. I'm Charles Payne. This is making money.Okay. So, investing around a title wave of misinformation in the information age folks and the battle between narrative and existing trends. We're talking factual trends.It is tough. I'm going to dive into this on several levels throughout today's show because it's obviously creating uh an environment of anxiety and and that could actually eventually give way to an environment of broad-based fear and we want to make sure that we're prepared fo ...

Core Insights - The company reported a 12.0% year-over-year revenue growth in Q3, achieving GAAP profitability for the fourth consecutive quarter with a net profit of $2.7 million [2] - The company has a strong cash reserve of $374.3 million and is experiencing a recovery in its business operations [2] - The company is significantly increasing its investment in conversational AI, launching new products aimed at enhancing voice interaction experiences [3] Financial Performance - In Q3, the company's revenue reached $35.37 million, reflecting a 12.0% increase year-over-year [2] - The net profit for the quarter was $2.7 million, marking the fourth consecutive quarter of GAAP profitability [2] - The company projects Q4 total revenue to be between $37 million and $38 million, representing a year-over-year growth of 7.2% to 10.1% [2] Business Development - The founder stated that the company is significantly increasing its investment in conversational AI, with the recent launch of Conversational AI Engine 2.0 and Conversational AI Studio [3] - Early adoption by global customers has been positive, and the company expects the number of related use cases and potential customers to continue growing by 2026 [3] Project Progress - At the 2025 Real-time Internet Conference, the company announced that its annual service minutes have surpassed 1 trillion for the first time, indicating a new phase of large-scale application in real-time interaction [4]

Core Viewpoint - Elastic is set to announce its third quarter fiscal 2026 earnings results on February 26, 2026, after the U.S. market closes, followed by a conference call to discuss the financial results and business outlook [1]. Group 1: Earnings Announcement - The financial results for the third quarter fiscal 2026, which ended on January 31, 2026, will be released after market close on February 26, 2026 [1]. - A conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET on the same day to review the financial results and business outlook [1]. Group 2: Company Overview - Elastic, known as the Search AI Company, integrates search technology with artificial intelligence to transform data into actionable insights [1]. - The Elastic Search AI Platform supports various solutions, including search, observability, and security, and is utilized by over 50% of Fortune 500 companies [1].

Group 1: Cisco and AI Impact - Cisco is experiencing margin compression despite a strong sales outlook, with a noted 200 basis point erosion in margins [2][4][15] - The company is a leading global provider of equipment for corporate and data centers, playing a significant role in powering AI workloads [3][15] - Investors are questioning the implications of heavy infrastructure buildout and the potential for stronger productivity and margins over time [5][6] Group 2: Apple and Siri Challenges - Apple is facing delays in the rollout of new Siri features, originally planned for launch in June 2024, with some capabilities now pushed to September [17][18] - Despite these setbacks, iPhone sales remain strong, with $84 billion in sales reported, although manufacturing challenges could have impacted higher sales [19] - The competitive landscape is shifting, with companies like OpenAI and Google potentially advancing faster in AI capabilities [20] Group 3: Wealth Management and AI Disruption - The introduction of a new AI tax planning tool by Altruist has led to significant declines in wealth management stocks, with market capitalization potentially wiped out in the tens of billions [28][29] - Altruist aims to enhance wealth management accessibility and efficiency, reducing the time required for tasks that previously took multiple people hours to complete [31][32] - The market reaction indicates a strong sentiment against traditional wealth management firms, as AI tools are seen as equalizers in the industry [30][31] Group 4: Cryptocurrency Market Trends - Bitcoin has seen a continuous decline, impacting trading volumes and revenues for exchanges like Coinbase, which are heavily reliant on transaction fees [85][86] - The overall sentiment in the crypto market is bearish, with expectations of lower revenues due to decreased trading activity [88] - Coinbase is attempting to diversify its revenue streams, including launching prediction markets, but these initiatives are still in early stages [89]

Market Overview - U.S. stocks experienced a significant decline on February 12th, 2026, with the Dow Jones Industrial Average falling 1.03% to 49,605.19, the S&P 500 down 1.13% to 6,862.95, and the Nasdaq Composite dropping 1.61% to 22,695.23, driven by concerns over artificial intelligence's impact on corporate profits and anticipation of inflation data [1][2] Corporate Movers - Cisco Systems (CSCO) saw its stock drop approximately 10% despite exceeding earnings expectations, primarily due to disappointing forward guidance that raised growth concerns [3] - AppLovin (APP) experienced a dramatic sell-off, with shares tumbling around 18.3% despite reporting stronger-than-expected profits, reflecting market anxieties about AI disrupting software business models [4] - Micron Technology (MU) had a positive stock movement following optimistic comments from its CFO regarding next-generation HBM4 memory production, a key component for AI infrastructure [5] - McDonald's (MCD) shares rose after reporting stronger-than-anticipated profits, while Walmart (WMT) also performed well, contributing positively to the S&P 500 [6] - Tenet Healthcare Corporation (THC) surged after a strong earnings report, and T-Mobile US, Inc. (TMUS) rose after beating earnings estimates, while Shopify Inc. (SHOP) and Moderna, Inc. (MRNA) faced declines due to missing earnings expectations and FDA decisions, respectively [7] Sector Movements - In the energy sector, coal stocks like Peabody Energy (BTU) and Hallador Energy (HNRG) gained momentum following executive orders from the Trump administration aimed at supporting the coal industry [8] Economic Outlook - The upcoming U.S. Consumer Price Index (CPI) release is expected to significantly influence market direction, with investors closely monitoring it for signs of inflationary pressures, which will impact the Federal Reserve's interest rate decisions [9]

Core Insights - SPS Commerce achieved its 100th consecutive quarter of revenue growth, with fourth quarter 2025 revenue increasing by 13% to $192.7 million compared to $170.9 million in the fourth quarter of 2024 [5][7] - The company announced the planned retirement of its Chief Financial Officer, Kim Nelson, and the appointment of Joseph Del Preto as the new Chief Financial Officer effective March 16, 2026 [6][9] - An increase in the share repurchase program was approved, raising the total authorized repurchase amount to $300 million [10] Financial Highlights - Fourth quarter 2025 recurring revenue grew by 14% compared to the fourth quarter of 2024 [7] - Net income for the fourth quarter of 2025 was $25.8 million, or $0.68 per diluted share, up from $17.6 million, or $0.46 per diluted share in the fourth quarter of 2024, reflecting a 47% increase in net income [7] - Adjusted EBITDA for the fourth quarter of 2025 increased by 22% to $60.5 million compared to the fourth quarter of 2024 [7] - For the fiscal year 2025, total revenue was $751.5 million, an 18% increase from $637.8 million in 2024 [7] - Recurring revenue for the fiscal year 2025 grew by 20% compared to the previous year [7] - Net income for the fiscal year 2025 was $93.3 million, or $2.46 per diluted share, a 21% increase from $77.1 million, or $2.04 per diluted share in 2024 [7] Executive Changes - Kim Nelson will remain with SPS Commerce through a customary transition period following her retirement announcement [8] - Joseph Del Preto brings over 20 years of experience in finance and operational strategy, having previously served as CFO and Treasurer of Sprout Social, Inc. [6][9] Share Repurchase Program - The Board of Directors approved an additional $200 million in repurchase authority under the existing share repurchase program, which was initially set for $100 million [10]

Core Insights - Research Solutions, Inc. reported a 14% increase in Annual Recurring Revenue (ARR) to $21.8 million, with a net income of $547,000 and a 36% year-over-year growth in Adjusted EBITDA for the fiscal second quarter of 2026 [1][2] Financial Performance - Total revenue for the second quarter was $11.8 million, slightly down from $11.9 million in the prior year, primarily due to a decline in transaction revenue [1] - Platform revenue increased by 14% to $5.2 million, accounting for 44% of total revenue compared to 39% in the prior-year quarter [1] - Gross profit rose by 6% to $6.2 million, with total gross margin improving by 350 basis points to 52.4% [1] - Net B2B ARR growth was $560,000, marking the best organic second quarter performance in the company's history [1] - Adjusted EBITDA reached $1.3 million, up 36% from the previous year, with a trailing twelve-month Adjusted EBITDA of $5.8 million, representing 11.8% of revenue [1] Customer Metrics - The company achieved 47 net new deployments in the quarter, reflecting strong momentum in B2B customer acquisition [1] - The total number of active transaction customers decreased to 1,321 from 1,384 in the prior-year quarter [1] Operating Expenses - Total operating expenses decreased to $5.4 million from $5.7 million in the prior-year quarter, driven by reduced general and administrative costs [1] - Sales and marketing expenses increased by 22.7% year-over-year, indicating a focus on growth initiatives [1] Market Position - Research Solutions is positioned as a leading AI-powered research workflow platform, serving academic institutions, life science companies, and research organizations globally [2] - The company combines AI tools with access to both open access and paywalled research, enhancing the efficiency of scientific literature management [2]

Core Viewpoint - Microsoft (MSFT) stock has experienced a decline of -18% since the last analysis, and it is down over -20% from its all-time high, prompting the initiation of a starter tranche [1] Summary by Relevant Sections - Stock Performance - The stock has declined by -18% in price since the last analysis [1] - It is down over -20% from its all-time high [1] - Analyst Position - The analyst has initiated a starter tranche in Microsoft shares [1] - The analyst holds a beneficial long position in MSFT through stock ownership, options, or other derivatives [1]

Market Overview - US stocks experienced a significant decline, with the Dow Jones Industrial Average falling approximately 1.3% (over 650 points), the S&P 500 dropping 1.6%, and the Nasdaq Composite decreasing by over 2% as investors reacted to fears of AI-driven disruption in technology shares [2][4] - Gold futures decreased by 3%, and Bitcoin's value fell to around $65,000 as investors adopted a risk-off approach [2] Sector Impact - The recent sell-off in software stocks has led investors to identify sectors vulnerable to AI disruption, with trucking, logistics, and real estate services stocks being notably affected [3] - Cisco Systems saw its stock decline over 12% due to a pessimistic profit outlook despite an increase in sales, while other major tech companies like Nvidia, Meta, Amazon, and Apple also experienced significant losses, with Apple dropping around 5% [4] Economic Indicators - The weekly jobless claims report indicated a smaller decline than expected, following a strong nonfarm payrolls report that showed the US economy added twice as many jobs as anticipated in January, complicating expectations for Federal Reserve policy [5] - The upcoming Consumer Price Index report is anticipated, with a softer reading potentially easing inflation concerns while maintaining economic growth [4] Earnings Reports - McDonald's shares increased after the company reported earnings that exceeded expectations [6] - Upcoming earnings reports from Coinbase, Applied Materials, and Rivian are expected to be significant, with all three scheduled to be released after market close [6]