Key Takeaways Lennar is down 20.6% in 2025 as incentives hurt margins, but its tech-driven model targets efficiency gains.Marvell has fallen 23.8% amid delayed customer spending despite key exposure to AI and cloud infrastructure.Snap is down 29.2% as ad growth slowed, but AI features and a $400M Perplexity deal aim to diversify revenue.Market leadership in any given year often leaves a long list of laggards behind. In 2025, several well-known stocks have fallen more than 20% year to date as investors punis ...

Group 1: Market Overview - The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have seen year-to-date gains of 14%, 16%, and 20% respectively as of December 12, 2025 [1] - The focus of investing should be on future opportunities rather than past performance [2] Group 2: Investment Strategy - The company has increased cash reserves for future investments while maintaining a long-term focus on 36 positions, with the top 10 holdings accounting for over 81% of invested assets [3] Group 3: Company Highlights - **SSR Mining**: The stock has gained 219% year-to-date, driven by rising gold and silver prices and potential reinstatement of its environmental license at the Copler mine [5][6] - **Teva Pharmaceutical Industries**: The company is shifting focus to high-margin drug development, with the drug Austedo expected to generate over $2 billion in sales for 2025 [7][8] - **iShares 0-3 Month Treasury Bond ETF**: This ETF is used to manage cash reserves, offering a yield around 4% compared to a negligible yield on uninvested cash [9][10] - **Meta Platforms**: The company has significant ad-pricing power and closed September with approximately $44.5 billion in cash, on track to generate over $100 billion in cash from operations in 2025 [11][13] - **Bank of America**: The bank has been a long-term holding, facing challenges from recent Federal Reserve rate cuts but still generating profitable loans [15][16] - **PubMatic**: Positioned well in digital advertising, with connected TV ad growth exceeding 50% year-over-year and positive operating cash flow [17][19] - **First Majestic Silver**: The company has seen profit projections rise due to higher silver prices, but management struggles with mining costs have led to a reduction in holdings [21][22] - **Pinterest**: The platform has reached 600 million monthly active users and has potential for improved monetization, with a forward P/E ratio of 13 [24][26] - **PayPal Holdings**: Despite stalling active account growth, payment transactions per account have increased by 41%, and the company has initiated a quarterly dividend program [29][30] - **Alphabet**: The company maintains a dominant market share in internet search and is expected to see growth from its Google Cloud platform, particularly with AI integration [31][33]

LOS ANGELES, Dec. 18, 2025 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO), an award-winning creator-first music, entertainment, and technology platform, has today announced the renewal of its audio advertising partnership with DAX, a pioneering digital advertising platform owned by Global, the Media & Entertainment group. The exclusive contract, originally signed in 2015, has been expanded to include DAX US selling brand new in-car audio opportunities. With more connected vehicles on the road, and drivers stream ...

Warren Buffett's Berkshire Hathaway bought stock in Google-parent Alphabet during the third quarter.Warren Buffett's Berkshire Hathaway (BRK.A 1.29%) (BRK.B 1.17%) had about $267 billion invested across 41 U.S. stocks as of the third quarter. Those totals changed very little from the previous quarter, but Buffett (and his fellow investment managers) made some trades worth exploring:Berkshire sold 41.7 million shares of Apple (AAPL +0.34%). it remains the largest holding at 21% of the portfolio, but Buffett ...

Nvidia and Meta Platforms are still safe buys in this frothy market.Over the past seven years, the market capitalizations of several top tech companies soared past the $1 trillion mark. Those gains were largely driven by the secular expansion of the cloud, artificial intelligence (AI), digital advertising, and chipmaking markets.Two of those high-flying trillion-dollar stocks were Nvidia (NVDA +0.99%) and Meta Platforms (META +1.49%). Investors might be reluctant to invest in these two stocks after their ga ...

Core Viewpoint - Viewbix Inc. has entered into a definitive share purchase agreement to acquire up to 100% and not less than 85% of Quantum X Labs Ltd.'s share capital, which includes Quantum's proprietary intellectual property portfolio and innovative patents related to AI-Quantum Error Correction [1][3]. Group 1: Acquisition Details - The acquisition will include Quantum's four portfolio companies, each focusing on different quantum segments such as transportation, drug discovery, and security [2]. - Quantum's intellectual property includes a patent for quantum error correction, which can reduce computational overhead by up to 50% compared to traditional methods, thus supporting scalable fault-tolerant quantum computing [3]. - The completion of the acquisition is expected within 90 calendar days, subject to final due diligence, regulatory approvals, and the approval of Viewbix's stockholders [5]. Group 2: Financial Considerations - At closing, Viewbix will issue shares of its common stock and pre-funded warrants representing up to approximately 40% of the Company's issued and outstanding capital stock as of the date of the Definitive Agreement [9]. - Additional consideration of up to approximately 25% of the Company's issued and outstanding capital stock may be issued upon Quantum achieving certain milestones post-closing [9]. Group 3: Company Background - Viewbix operates in the field of digital advertising through subsidiaries Gix Media Ltd. and Metagramm Software Ltd., focusing on automation and optimization of internet campaigns and grammatical error correction software [7].

Core Insights - Amazon has experienced a remarkable growth of over 230,000% since its IPO nearly 30 years ago, evolving from an online bookstore to a technology-driven powerhouse across multiple industries [1][12]. Group 1: Business Operations and Market Position - Amazon is recognized as a dominant player in e-commerce, with expectations for continued growth as online shopping penetrates the retail sector [5]. - The company has diversified into streaming services with Prime Video, capitalizing on the decline of traditional cable TV [5]. - Amazon's advertising revenue grew by 24% year-over-year to $17.7 billion in Q3, positioning it as a leader in the digital advertising market [6]. - The company holds a strong position in cloud computing and artificial intelligence, primarily through the success of Amazon Web Services (AWS) [6]. Group 2: Competitive Advantages - Amazon's economic moat is reinforced by a powerful network effect in its marketplace, cost advantages in logistics, switching costs for AWS, and strong brand recognition [7]. - The company's operational efficiencies have significantly improved its margins, contributing to its competitive strength [11]. Group 3: Financial Performance and Valuation - Amazon's shares are currently trading at 18.8 times trailing-12-month operating cash flow, the lowest multiple in a decade, presenting an attractive valuation for investors [10]. - The company has shown a dramatic turnaround in earnings, moving from a $241 million net loss in 2014 to a projected $59 billion net income in 2024, with a compound annual growth rate of 20% expected from 2024 to 2027 [11]. Group 4: Investment Considerations - Long-term investors are encouraged to consider Amazon due to its favorable combination of secular trends, economic moat, valuation, and earnings growth potential [13]. - Despite its historical success in creating millionaire investors, the company's size may limit future explosive growth [13].

E-commerce Industry - MercadoLibre operates the largest online marketplace in Latin America, projected to account for 30% of online retail sales in the region next year, up from 28.5% last year [1] - Amazon runs the largest online marketplace in North America and Western Europe, leveraging generative AI tools for customer service, inventory placement, and last-mile delivery [5][6] - Wall Street estimates MercadoLibre's earnings will increase at 32% annually over the next three years, with a median target price of $2,842 per share, implying 41% upside from the current share price of $2,015 [10] Cloud Computing - Amazon Web Services (AWS) is the largest public cloud provider, recently adding new platform services like Bedrock for generative AI application development and custom AI chips for cost-effective training and inference workloads [3] - Wall Street estimates Pure Storage's adjusted earnings will grow at 26% annually through fiscal 2027, with a median target price of $100 per share, implying 41% upside from the current share price of $71 [18] Advertising Industry - Amazon is the third-largest ad tech company and the largest retail advertiser, developing generative AI tools for brands to create multimedia content and campaigns [4][6] - MercadoLibre has achieved impressive scale in advertising, being the largest retail advertiser in Latin America [8] Financial Technology - Circle Internet Group mints the USDC stablecoin, which is the largest regulatory-compliant stablecoin in the U.S. and Europe, preferred by financial institutions [11] - Circle expects its USDC volume to increase at 40% annually, with Wall Street estimating revenue growth of 32% annually through 2027, making its current valuation of 8.2 times sales attractive [13][14] Market Outlook - Wall Street anticipates the S&P 500 will increase to 7,968 in the next year, implying about 17% upside from its current level of 6,827 [7] - Analysts expect between 32% and 43% upside in selected stocks, including MercadoLibre and Circle Internet Group [7]

Core Viewpoint - Analysts predict significant rebounds for certain S&P 500 stocks, with potential gains of 49% or more by 2026, despite recent underperformance in the market [1]. Group 1: Charter Communications - Charter Communications provides broadband, cable TV, mobile, and voice services across 41 U.S. states, owning over 30 local TV news and digital networks [3]. - The stock has seen a decline of approximately 50% from its peak, with a current price of $206.60 and a market cap of $27 billion [4][5]. - Despite the downturn, analysts project a 49% upside in the next 12 months, with a low forward price-to-earnings ratio of 4.8 and $1.6 billion in free cash flow reported in the latest quarter [6][6]. Group 2: Oracle - Oracle has transitioned from a relational database platform to a leading provider of cloud applications and services [7]. - The stock has faced pressure due to concerns over debt for AI expansion and disappointing fiscal Q2 results, yet it remains up double digits year-to-date [8]. - The consensus price target suggests a potential increase of around 70%, with 30 out of 43 analysts rating it as a "buy" or "strong buy" [9][10]. Group 3: The Trade Desk - The Trade Desk operates a leading platform for digital ad buyers, but its stock has dropped over 65% in 2025 due to slowing growth and competitive pressures [11][12]. - The current price is $36.65, with a market cap of $18 billion, and analysts forecast a potential upside of around 67% in the next 12 months [13][14]. - The connected TV market is expected to drive growth, along with opportunities outside North America [14].

Core Insights - The Trade Desk enters 2026 with a strong business foundation but faces increased scrutiny regarding future performance and competitive pressures [2][14] - The company has experienced a shift in competitive dynamics, particularly due to Amazon's growing influence in the digital advertising space [8][11] Company Performance - The Trade Desk has maintained a strong track record with over 30 consecutive quarters of revenue beats and customer retention above 95% [4][5] - However, the company reported its first revenue miss in years by the end of 2024, which altered investor sentiment despite a rebound in growth [5][6] Competitive Landscape - Amazon Ads surpassed $50 billion in annual revenue, reshaping the competitive landscape, especially with partnerships with Netflix, Disney, and Roku [8][9][10] - Google and Meta have also strengthened their ecosystems, leveraging AI-driven personalization and first-party data, which poses challenges for independent platforms like The Trade Desk [11] Strategic Positioning - The Trade Desk's commitment to the open internet remains its key advantage, focusing on neutrality and cross-platform reach [12] - However, the fragility of the open internet was highlighted in 2025, as more consumption shifts to streaming platforms, potentially limiting The Trade Desk's supply access [13] Future Outlook - The company heads into 2026 with a robust product roadmap and loyal customer base, but must navigate a more competitive environment and maintain execution excellence [14][16] - Investors are advised to approach 2026 with heightened expectations and a clearer understanding of the evolving landscape [16]