Core Insights - Adcore Inc. has been appointed by Selfie Leslie to lead its performance marketing initiatives, which includes media mix modeling [1] - The collaboration aims to enhance Selfie Leslie's digital marketing strategy and improve engagement across all channels [1] Company Overview - Adcore Inc. is a global leader in marketing technology, specializing in empowering businesses to maximize their digital marketing potential through its AI-powered platform known as "Marketing Cloud" [1] - Selfie Leslie is identified as a leading boutique apparel brand that will benefit from Adcore's expertise in digital marketing [1]

Core Viewpoint - Adidas shares experienced a significant decline, becoming the worst-performing stock among Europe's top 600 stocks following a rare double-downgrade from a brokerage [1] Group 1 - The stock performance of Adidas was notably poor on Tuesday, indicating a negative market reaction [1] - The downgrade from the brokerage is characterized as rare, suggesting a significant shift in analyst sentiment towards the company [1]

Core Insights - The podcast discusses three companies that underperformed in 2025: Super Micro Computer, Lululemon, and Nike, and evaluates their potential for recovery in 2026 [3][12]. Super Micro Computer - Super Micro Computer has faced significant challenges, including a loss of confidence from auditors Ernst & Young, which stated they were "unwilling to be associated with the financial statements prepared by management" [3][4]. - The company has taken on $4.4 billion in debt and increased inventory by $3.3 billion, which could pose risks if they cannot sell the inventory at favorable prices [3][4]. - Despite a backlog of $36 billion in expected revenue for fiscal 2026, concerns remain about the company's ability to execute and the potential slowdown in AI demand [7][4]. Lululemon - Lululemon's stock has underperformed the market by approximately 60% year-to-date, attributed to inventory issues and a 5% decline in same-store sales in Q3 2025 [8][9]. - The brand faces competition from emerging brands like HOKA and On, which are gaining popularity among consumers [8][10]. - While Lululemon's price-to-earnings ratio appears attractive, concerns about its long-term brand momentum and potential value trap for investors are raised [10][11]. Nike - Nike has underperformed the market by about 25% year-to-date, facing revenue declines and increased competition from brands like HOKA and On [12][13]. - The company's strategy to withdraw from wholesale customers has not yielded the expected results, leading to difficulties in regaining shelf space with retailers [12][13]. - Analysts express skepticism about Nike's ability to recover in 2026, citing a challenging market environment and a shift in consumer behavior towards direct-to-consumer brands [13][14].

Core Viewpoint - Shares of Under Armour Inc. experienced an increase in after-hours trading following Fairfax Financial Holdings' continued investment in the company, which has faced stock struggles over the past year [1] Company Summary - Under Armour Inc. has seen its stock performance decline over the past year, indicating challenges in the market [1] - Fairfax Financial Holdings is actively building a significant stake in Under Armour, suggesting confidence in the company's future prospects [1]

U.S. multinational corporations will be exempted from paying more corporate taxes overseas in a deal finalized by the Organization for Economic Cooperation and Development. The OECD announced Monday that nearly 150 countries have agreed on the plan, initially crafted in 2021, to stop large global companies from shifting profits to low-tax countries, no matter where they operate in the world. The amended version excludes large U.S.-based multinational corporations from the 15% global minimum tax after ne ...

Core Insights - On, a Swiss performance sportswear brand, will participate in the 2026 ICR Conference with CEO and CFO Martin Hoffmann scheduled for a fireside chat on January 12, 2026 [1] - A live webcast of the fireside chat will be available on the Company's investor relations website, and a replay will be accessible afterward [2] Company Overview - On was founded in 2010 in the Swiss Alps with a mission to ignite the human spirit through movement, which continues to guide the brand [3] - Sixteen years post-launch, On offers innovative premium footwear, apparel, and accessories for various activities including high-performance running and outdoor training [3] - The brand's CloudTec® and LightSpray™ innovations, along with its commitment to purposeful design and the circular economy, have garnered a rapidly growing global fan base [3] - On operates in over 80 countries and maintains a digital community through its website [4]

Group 1 - Oxford Industries, Inc. will present at the ICR Conference 2026 on January 12, 2026, at 9:00 a.m. Eastern Time [1] - The presentation will be accessible via webcast on the Oxford website [1] Group 2 - Oxford Industries, Inc. is a leader in the apparel industry, owning brands such as Tommy Bahama®, Lilly Pulitzer®, and Johnny Was® [2] - The company's stock has been traded on the New York Stock Exchange since 1964 under the symbol OXM [2]

Core Viewpoint - Ralph Lauren (RL) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - For the fiscal year ending March 2026, Ralph Lauren is expected to earn $15.29 per share, with a 3.3% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - Ralph Lauren's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Viewpoint - Under Armour Inc. (NYSE:UA) has experienced a significant increase in share prices, rising by 14.44% week-on-week, reaching a new four-month high, driven by increased investment from Fairfax Holdings [1][2]. Group 1: Share Price Movement - Under Armour's share price surged by 14.44% week-on-week, marking a new four-month high [1]. - The rally in share prices was influenced by Fairfax Holdings, which increased its stake in Under Armour [2]. Group 2: Investment Activities - Fairfax Holdings, a Canada-based financial services firm, raised its stake in Under Armour through a series of acquisitions, becoming a 10% owner [2]. - On December 30, Fairfax acquired $67 million worth of additional shares, including over 11.5 million Class A shares and 1.67 million Class C shares, at average prices of $5.1408 and $4.9474, respectively [3]. - Prior to this, from December 22 to 29, Fairfax purchased an additional 15.68 million Class A and C common shares at average prices of $4.6133 and $4.4055 [4]. Group 3: Company Performance - Under Armour reported a net loss of $18.8 million for the second quarter of fiscal year 2026, a decline from a net income of $170.38 million in the same period the previous year [5]. - Revenues decreased by 5% year-on-year, falling to $1.33 billion from $1.40 billion, primarily due to lower revenues from North America, wholesale, and apparel segments [5].

Core Viewpoint - Lululemon is currently facing a power struggle, primarily instigated by founder Chip Wilson, who is attempting to reshape the company's board of directors amid dissatisfaction with current leadership and strategic direction [1][2]. Group 1: Board Dynamics - Chip Wilson has nominated three candidates for the board, including former executives from On, ESPN, and Activision, indicating a push for significant changes in governance [1]. - Calvin McDonald, the current CEO, will step down on January 31, 2026, following Wilson's public criticism of both McDonald and the board's performance [2]. - Wilson's dissatisfaction stems from perceived poor decision-making that has eroded brand value and shareholder interests, suggesting a disconnect between the board and the company's core customer base [2]. Group 2: Shareholder Influence - Despite being a significant shareholder with approximately 9% ownership, Wilson's ability to influence the board is questionable due to his relatively limited stake compared to other investors [3]. - Notably, activist investor Elliott Management has acquired over $1 billion in Lululemon shares and is advocating for new leadership, which could further complicate the board's dynamics [3]. Group 3: Market Performance - Lululemon's performance in the Americas has been troubling, with net revenue declining by 2% to $1.7 billion, representing 68% of total revenue, and comparable sales down by 5% [3]. - In contrast, the Chinese market has shown robust growth, with net revenue increasing by 46% to $465.4 million, accounting for 18% of total revenue, and comparable sales up by 24% [4]. - The company is facing intense competition in China, and any governance changes may impact its strategic approach in this critical market [4].