Core Insights - Thomson Reuters Corporation (NASDAQ:TRI) is recognized as one of the promising stocks in the QQQ index according to hedge funds, with an Outperform rating reaffirmed by CIBC's Robert Bek, although the price target has been lowered from $198 to $183 [1] Group 1: Product Developments - To enhance its compliance sector, Thomson Reuters launched ONESOURCE Sales and Use Tax AI on January 16, aimed at automating sales and use tax compliance for US firms [2] - The company made significant advancements in legal AI by introducing CoCounsel Legal in the UK on January 26, integrating agentic AI capabilities into its Westlaw and Practical Law offerings, following its US launch last year [3] Group 2: Company Operations - Thomson Reuters operates as a content and technology company across various regions including the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print [4]

Economic Performance - In 2025, Shanghai's GDP reached 56,708.71 billion RMB, reflecting a year-on-year growth of 5.4%, surpassing the national growth rate of 5% and improving by 0.4 percentage points compared to 2024 [1] - The three leading industries (integrated circuits, biomedicine, and artificial intelligence) have become significant engines for Shanghai's economic development during the 14th Five-Year Plan period (2021-2025) [1] Industry Growth - The manufacturing output of the three leading industries in Shanghai grew by 9.6% year-on-year, outpacing the overall industrial output growth by nearly 5 percentage points [1] - The integrated circuit manufacturing and artificial intelligence sectors saw production value increases of 15.1% and 13.6%, respectively [1] - The output of strategic emerging industries in Shanghai grew by 6.5% year-on-year [1] Service Sector - The added value of Shanghai's tertiary industry increased by 6% year-on-year, exceeding the national level, with the information service sector being a key driver, growing at 15.3% [1] - The software and information technology services sector's revenue increased by 24.2% year-on-year from January to November 2025, driven by the growth in computing power services and the acceleration of integrated circuit design projects [2] - The research and experimental development services sector's revenue grew by 15.1% year-on-year during the same period, supported by innovation in drug development [2] Consumer and Trade Performance - Shanghai's total retail sales of consumer goods reached 16,600.93 billion RMB in 2025, with a year-on-year growth of 4.6%, showing a 0.3 percentage point increase from the first three quarters [2] - The total import and export volume for Shanghai reached 4.51 trillion RMB, marking a year-on-year increase of 5.6%, with exports at 2.02 trillion RMB (up 10.8%) and imports at 2.49 trillion RMB (up 1.8%) [2] - Exports of "new three types" products, including electric passenger vehicles, lithium batteries, and solar cells, reached 160 billion RMB, growing by 17.4%, with electric passenger vehicle exports increasing by 13.8% [2]

Core Insights - MARA Holdings, Inc. (MARA) stock has increased by over 7% in the past month, while the industry has seen a decline of 2% [2][9] - The company's third-quarter performance indicates a shift beyond Bitcoin mining, with the introduction of AI inference infrastructure and enhanced energy partnerships [2][3] Diversification and Growth Strategy - MARA is transitioning from traditional cryptocurrency mining to a more integrated digital infrastructure that supports both blockchain and AI computing workloads [3] - The installation of the first AI inference racks at the Granbury site demonstrates the company's readiness to support operations for both Bitcoin and AI inference [3] - MARA is expanding its energy control footprint through partnerships in West Texas, aiming for 50% of total revenues from international markets by 2028, which enhances geographic diversification [4] Future Outlook - The company plans to integrate energy generation, blockchain validation, and AI processing into a single operational ecosystem, focusing on cost-efficient, high-capacity energy infrastructure [5] - Innovations in data center design, such as direct-to-chip cooling, are being emphasized to improve scalability and reduce long-term maintenance costs, positioning MARA to leverage its energy expertise in high-performance computing applications [6]

Core Viewpoint - Thomson Reuters is set to release its fourth-quarter and full-year 2025 earnings on February 5, 2026, with a conference call and webcast scheduled for 8:30 a.m. EST to discuss the results and potentially forward-looking information [1]. Group 1 - The conference call will be hosted by Steve Hasker, president and CEO, and Mike Eastwood, CFO [1]. - The webcast can be accessed through the Investor Relations section of the Thomson Reuters website, with registration currently open [2]. - An archive of the webcast will be available after the presentation [2]. Group 2 - Thomson Reuters provides trusted content and technology to professionals in various sectors, including legal, tax, accounting, compliance, government, and media [3]. - The company's products combine specialized software and insights to empower professionals with necessary data and solutions for informed decision-making [3]. - Reuters, as part of Thomson Reuters, is recognized as a leading provider of trusted journalism and news [3].

Core Insights - Clarivate has launched its Cortellis Regulatory Intelligence AI Assistant, aimed at aiding life sciences professionals in navigating safety and compliance complexities [1][2] - The AI assistant is built on over 30 years of regulatory expertise and is designed to provide actionable insights from global regulatory requirements [2][3] Product Features - The AI assistant includes multilingual capabilities and can summarize documents in seconds, offering customized takeaways [3] - It allows users to ask complex questions in natural language and provides precise, contextually relevant answers [2][3] - The tool can compare draft and final guidance documents instantly, significantly reducing manual labor and accelerating decision-making [3] Company Overview - Clarivate operates as an information services provider across various regions, including the Americas, Middle East, Africa, Europe, and Asia Pacific [4] - The company functions through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property [4]

分组1 - The article discusses fundamentally strong penny stocks that analysts recommend for investment, highlighting their potential despite the general volatility associated with such stocks [1] - The broader economic sentiment is shifting towards optimism, with executives reporting the brightest near-term expectations seen this year, driven by a focus on customer needs and technology investments [2][3] - A recent McKinsey Global Survey indicates that 63% of executives expect their companies' profits to increase in the next six months, the highest share since December 2024 [4] 分组2 - The methodology for selecting penny stocks involved filtering for stocks trading under $5, with market capitalizations over $2 billion and an upside potential of at least 20% [6] - The article emphasizes the importance of hedge fund holdings, suggesting that imitating top stock picks from hedge funds can lead to market outperformance [7] - The quarterly newsletter strategy has achieved a return of 427.7% since May 2014, significantly outperforming its benchmark [8] 分组3 - Clarivate Plc (NYSE:CLVT) has an upside potential of 20.34% as of December 19, 2025, with a market capitalization of $2.27 billion and 25 hedge fund holders [9] - Morgan Stanley downgraded Clarivate to Underweight, citing struggles in its turnaround and limited growth potential due to funding pressures and competition [9][11] - Analyst sentiment on Clarivate is mixed, with 30% of analysts rating it as a Buy and a wide range in consensus price targets, indicating uncertainty [13] 分组4 - Coty Inc. (NYSE:COTY) has an upside potential of 22.70% as of December 19, 2025, with a market capitalization of $2.84 billion and 30 hedge fund holders [15] - Coty sold its remaining 25.8% stake in Wella for $750 million, intending to use the proceeds to pay off debt amid challenges in the mass beauty segment [15][16] - Citi has reduced Coty's price target to $3.50 from $4.25, maintaining a Neutral rating, reflecting a revised outlook for the beauty sector [18]

Core Viewpoint - The article highlights five non-tech large-cap stocks that are currently trading on the dip from their 52-week highs, presenting attractive investment opportunities for 2026 [2][4]. Group 1: Market Overview - On December 11, 2025, the Dow and S&P 500 indexes advanced by 1.3% and 0.2%, respectively, reaching new all-time high closings, while the tech-heavy Nasdaq Composite fell by 0.3% [2]. - The recent Federal Reserve rate cut and high valuations in the technology sector have prompted a shift in market focus towards rate-sensitive cyclical sectors such as utilities, industrials, financials, energy, materials, and healthcare [3]. Group 2: Featured Stocks On Holding AG (ONON) - On Holding specializes in footwear and sports apparel, with an expected revenue growth rate of 20.6% and earnings growth rate of 79.3% for the next year [5]. - The Zacks Consensus Estimate for next year's earnings has improved by 22% over the last 30 days, and ONON is currently trading at a 22.7% discount from its 52-week high [5]. Lennar Corp. (LEN) - Lennar is involved in homebuilding and financial services, benefiting from a tech-enabled manufacturing platform aimed at improving efficiencies and reducing costs [6]. - The company has an expected revenue growth rate of 1.9% and earnings growth rate of 11.1% for the next year, with a 21.2% discount from its 52-week high [8]. Jefferies Financial Group Inc. (JEF) - Jefferies has gained market share in investment banking without significantly expanding its balance sheet, which is expected to drive top-line growth [9]. - The expected revenue growth rate is 16.5% and earnings growth rate is 59.5% for the next year, with a 23.7% discount from its 52-week high [11]. Omnicom Group Inc. (OMC) - Omnicom's diverse portfolio across traditional and digital marketing segments enhances revenue stability [12]. - The expected revenue growth rate is 3.1% and earnings growth rate is 8.8% for the next year, currently trading at a 13.2% discount from its 52-week high [14]. Thomson Reuters Corp. (TRI) - Thomson Reuters provides value-added information and technology across various sectors, including law, tax, and financial services [15]. - The expected revenue growth rate is 7.6% and earnings growth rate is 12.4% for the next year, with a significant 39.6% discount from its 52-week high [16].

Core Insights - TransUnion has launched an enhanced Device Risk solution that improves device recognition, anomaly detection, and adaptive machine learning to help businesses combat fraud more effectively [1][4] - The rise in fraud is significant, costing businesses an average of 7.7% of annual revenue, which totals approximately $534 billion [2] - Financial institutions face challenges in identifying new or unfamiliar devices that match known fraud patterns, complicating early detection efforts [3] Device Risk Solution Enhancements - The Device Risk solution analyzes thousands of device attributes and behavioral signals in real time to create a unique device fingerprint, evaluating key risk indicators such as device integrity and behavioral patterns [5] - By utilizing adaptive machine learning, the solution continuously refines risk scoring and fraud detection strategies, allowing businesses to make instant decisions and enhance customer experiences [6] - Key features include cross-session device identification, advanced anomaly detection, and improved fraud detection rates by up to 50% compared to static recognition methods [7] Industry Impact - The enhanced Device Risk capabilities are crucial for industries where trust and security are paramount, such as financial services, retail, and digital platforms [7] - The solution helps organizations proactively block suspicious behaviors, thereby maintaining trust in digital interactions and protecting brand integrity [7][6]

Labor Market Overview - The White House announced the likely absence of the October Bureau of Labor Statistics jobs report due to a government shutdown, casting doubt on the previously reported strong September data [1] - The ADP private sector jobs report, based on anonymized payroll data from over 26 million U.S. private-sector employees, is a trusted non-government source for labor data [3] Job Losses and Sector Performance - Private employers cut 32,000 jobs in November, with significant losses in construction, manufacturing, professional/business services, and information services [5] - Job declines were uneven across sectors, with construction losing 9,000 jobs, manufacturing losing 18,000, and professional/business services losing 26,000, while natural resources and mining added 8,000 jobs [7] Regional Job Trends - The Northeast and South experienced steep job losses, with New England laying off 50,000, the Mid-Atlantic cutting 49,000, and the South Atlantic losing nearly 80,000 jobs; in contrast, the Midwest and West reported job gains of 45,000 and 67,000, respectively [9]

Group 1: Employment Data - The ADP monthly jobs report indicates a decline of -32K private-sector payrolls for November, falling short of expectations for +40K and the previous month's revised figure of +47K, marking the fourth negative month in the last six [1][2] - The four-month trailing average of private-sector payrolls is currently at -4K, the first negative average since the early months of the Covid pandemic in 2020 [2] - Small businesses (fewer than 50 employees) accounted for all job losses, with a significant drop of -120K jobs, representing a post-Covid low [2][3] Group 2: Job Loss Breakdown - Job losses were concentrated in small businesses, with -46K jobs lost among companies with fewer than 20 employees and -74K among firms with 20-49 employees [3] - Sectors such as Manufacturing lost -18K jobs, while Information Services and Professional/Business Services saw declines of -20K and -26K jobs, respectively [4] Group 3: Wage Trends - Job Stayers experienced an average wage increase of +4.4%, while Job Changers saw a higher average increase of +6.3%, indicating a tightening labor market [5] Group 4: Import and Export Prices - Import and export prices remained unchanged in September, with imports at 0.0% and exports also unchanged, reflecting a lack of significant price movement [6][7] - Year-over-year, imports increased by +0.3%, while exports rose by +3.8%, the highest in nearly three years, suggesting challenges in absorbing tariffs within the economy [8] Group 5: Market Reaction - Following the release of the ADP jobs data, pre-market futures showed muted reactions, with larger indexes shifting from positive to negative territory, indicating a potential market response to the economic reports [9][10]