Magellan Asset Management, an investment management company, released the third quarter 2025 investor letter for “Magellan Global Fund”. A copy of the letter can be downloaded here. The fund focuses on outstanding companies at attractive prices and, at the same time, leverages a deep understanding of the macroeconomic landscape to manage risk. As measured by the MSCI World Index in USD, the global equities rose 7.3% in the September quarter. The portfolio underperformed the index in the quarter due strong p ...

Core Insights - Wasatch Global Investors reported a significant rally in US small-cap equities during Q3 2025, driven by the Federal Reserve's interest rate cut, but the Wasatch Small Cap Growth Strategy underperformed, with a decline of -3.17% compared to a 12.19% gain for the Russell 2000 Growth Index [1] Company Performance - Shake Shack Inc. (NYSE: SHAK) experienced a one-month return of -4.53% and a 52-week decline of 36.80%, closing at $83.16 per share with a market capitalization of $3.55 billion as of December 12, 2025 [2] - Shake Shack reported total revenue of $367.4 million in Q3 2025, reflecting a year-over-year increase of 15.9% [4] Investment Outlook - Despite Shake Shack's stock performance, the fundamentals of the company are considered strong, with a favorable outlook for growth as it expands its national footprint and attractive unit economics for new restaurants [3] - The company is not among the top 30 most popular stocks among hedge funds, with 33 hedge fund portfolios holding its shares at the end of Q3 2025, a slight decrease from 34 in the previous quarter [4]

Chipotle (NYSE:CMG) recently authorized a $1.8 billion share buyback program. The stock has responded with a modest bounce, and the company has also crossed the 4,000-store milestone. With these developments in play, investors are asking whether the recent strength is worth chasing. To answer that, it's important to step back and assess where Chipotle sits within its Adhishthana cycle and what that implies for the road ahead.Analyzing Chipotle's Cakra StructureAccording to the Adhishthana Principles, stocks ...

McDonald’s Corporation (NYSE:MCD) is among the 12 Best Performing Dow Stocks in 2025.  Barclays Analyst A Buy Rating On McDonald’s Corporation (MCD) Barclays analyst Jeff Bernstein kept a Buy rating on McDonald’s Corporation (NYSE:MCD) on December 6 and set a price goal of $358. According to a December 8 CNBC report, starting on January 1, 2026, McDonald’s Corporation (NYSE:MCD) will evaluate franchisees worldwide based on how well their prices provide value in accordance with revised global franchising ...

Group 1 - Alamo Group Inc. (ALG) designs and manufactures high-quality agricultural equipment and provides infrastructure maintenance, with a nearly 10% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Azenta, Inc. (AZTA) offers life sciences solutions, including sample management and laboratory automation, experiencing an 11.8% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Chipotle Mexican Grill, Inc. (CMG) is a restaurant chain that has seen a 2.5% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Toronto, Ontario--(Newsfile Corp. - December 15, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands, is pleased to announce that it has signed an area development agreement for the province of Alberta for the contractual opening of ten (10) franchised Via Cibo Italian restaurants ("Via Cibo"), serving fast-casual Italian foods crafted with the finest traditional ingredients, offering a chef-driven culinary ...

Core Viewpoint - McDonald's China has announced another price increase for certain menu items, effective December 15, 2025, citing ongoing cost pressures as the primary reason for the adjustments [1][4]. Price Adjustments - The price increase will range from 0.5 to 1 yuan for various breakfast items, burgers, and snacks, with slight variations across different cities [1][3]. - For example, in Guangzhou, the price of the ham and egg muffin combo (member price) will rise from 6.9 yuan to 7.8 yuan, the double cheeseburger meal from 32.5 yuan to 33.5 yuan, and the Big Mac from 26 yuan to 26.5 yuan [3]. - This marks the fourth price increase for McDonald's China since January 2023, with previous adjustments attributed to rising operational costs influenced by the pandemic [4]. Historical Context - In January 2023, McDonald's raised the price of its popular "Anytime Meal 1+1" from 12.9 yuan to 13.9 yuan, with other breakfast and burger meals seeing increases of 0.6 to 1 yuan [4]. - On December 27, 2023, further price adjustments were made, with increases ranging from 0.5 to 2 yuan, averaging around 3% [4]. Delivery Service Changes - In addition to menu price adjustments, McDonald's delivery service "McDelivery" will also see a fee change, reducing the delivery charge from 9 yuan to 6 yuan, along with new packaging fees based on the number of items ordered [4]. Market Performance - McDonald's has not disclosed detailed operational results for the Chinese market in its financial reports, but its latest quarterly report indicated a 4.7% increase in same-store sales across international markets, including China [4]. - As of August 1, 2023, McDonald's China operates over 7,100 stores [4].

Core Insights - The article reflects on the investment landscape of 2025, discussing successful strategies and areas of failure, while providing guidance for preparation for 2026 [1] - The author emphasizes a long-term investment strategy focused on quality and diversification, avoiding high-risk, quick-return approaches [1] Investment Strategy - The investment strategy includes maintaining an updated portfolio, investing in quality assets, and diversifying across various sectors and asset classes [1] - Specific investment vehicles mentioned include broad market ETFs like DIA, VOO, QQQM, and sector-specific funds such as XLE and IXC [1] Sector and Asset Focus - The article highlights a focus on alternative investments such as Bitcoin, Gold, and Silver, alongside traditional stocks like JPM, MCD, and WMT [1] - The author also mentions a specialization in macro analysis within the CEF/ETF Income Laboratory, targeting safe and reliable yields around 8% [1] Income Generation - The investment approach includes a focus on high-yield opportunities in the CEF and ETF fund space, with an emphasis on monthly-paying holdings for steady income streams [1]

Group 1 - McDonald's has increased the prices of most menu items by 0.5 to 1 yuan, including various burgers, snacks, and meal sets, effective from December 15, 2025 [1][3] - The company stated its commitment to providing high-quality meals and value options for consumers, while currently running a promotional event called "Ten Yuan Eat Burger" [1][3] - Specific price increases include a 1 yuan rise for classic burgers like the Big Mac and Double Fillet-O-Fish, while some snacks and desserts have also seen a 0.5 yuan increase [1][3] Group 2 - The "1+1 Flexible Combo," humorously referred to as the "poor man's meal," remains priced at 13.9 yuan, but certain combinations may incur an additional 1 yuan cost due to ingredient price increases [3] - For example, if a customer chooses the Double Cheeseburger in the combo, the total price would rise to 14.9 yuan [3]

Core Insights - Warren Buffett has spent nearly $78 billion on stock repurchases since July 2018, indicating a strong belief in the intrinsic value of Berkshire Hathaway [1][21] - Buffett is set to retire at the end of the year after 60 years of leadership, during which he has achieved a cumulative return of almost 5,942,000% for Berkshire Hathaway's Class A shares [2] - Despite a historically expensive stock market, Buffett has been selective in his investments, focusing on companies with sustainable competitive advantages and strong capital-return programs [5][7] Investment Strategy - Buffett's investment philosophy emphasizes value; he only buys when he believes he is getting a good deal [5] - In recent years, Buffett has sold more stocks than he has purchased, totaling nearly $184 billion in net selling over the last 12 quarters [6] - Notable recent purchases include 17,846,142 Class A shares of Alphabet (GOOGL), reflecting confidence in the company's advertising and cloud services [9][10][11] Company Performance - Alphabet holds a dominant position in global internet search, capturing 89% to 93% of the market share, which enhances its advertising pricing power [10] - Google Cloud is expected to drive significant sales and cash flow growth, with an annual sales growth rate exceeding 30% [11] - Domino's Pizza has been a consistent investment for Buffett, with a focus on brand trust and transparency, alongside a strong growth strategy [13][14][15] Share Repurchase Activity - Berkshire Hathaway's board amended buyback rules in July 2018, allowing for unlimited repurchases if the company maintains at least $30 billion in cash and believes its stock is undervalued [19] - Between July 2018 and June 2024, Buffett has repurchased shares for 24 consecutive quarters, although there has been a 16-month period without any purchases due to high share premiums [21][22] - The share premium to book value has increased to between 60% and 80% during the period of inactivity, indicating a cautious approach to valuation [22] Long-term Confidence - Buffett has consistently expressed confidence in Berkshire Hathaway as a long-term investment, emphasizing the company's ability to thrive in various economic cycles [23][24]