Market Overview - U.S. equities showed upward momentum in Q3, with the S&P 500 Index increasing by 8.1% and the Russell 3000 Index rising by 8.2% due to improved tariff outcomes, the passing of the One Big Beautiful Bill Act, anticipated interest rate cuts, and strong corporate earnings [2] - Growth stocks outperformed, with the Russell 3000 Growth Index up by 10.4%, surpassing its value counterpart by nearly 500 basis points [3] Sector Performance - The ClearBridge Select Strategy outperformed its benchmark for the second consecutive quarter, driven by contributions from consumer staples, communication services, IT, and industrials sectors [4] - Performance Food Group (PFGC) was a key contributor in consumer staples, boosted by activist investor interest and market share gains [5] - Reddit's advertising revenue surged by 84% year-over-year, leading to a higher valuation in communication services [6] - AppLovin's shares doubled due to strong earnings and optimism around its e-commerce business, expected to launch in Q4 [7] - L3Harris Technologies benefited from increased defense spending, while Comfort Systems saw steady demand from AI data center projects [8] Challenges and Detractors - Consumer discretionary and financials sectors faced headwinds, with MercadoLibre's stock declining due to competitive pressures and profit-taking [9] - Shift4 Payments experienced a negative reaction to disappointing Q2 results but raised its full-year guidance [10] - Concerns over generative AI impacting application software companies like ServiceNow and Fortinet led to losses, despite strong quarterly results [11] Portfolio Positioning - The company initiated eight new positions, including Regeneron Pharmaceuticals and Vertex Pharmaceuticals, while exiting five others [12][13] - Vistra, a major power generator, is well-positioned to benefit from tightening market conditions and potential federal subsidies [14] - Participation in the IPOs of Firefly Aerospace and Figma reflects confidence in growth prospects [15] Outlook - The market's rally is supported by improving trade sentiment, with expectations for gradual normalization of interest rates and clarity on tariffs [19] - The Russell 2000 Index showed significant outperformance, indicating a broadening of market leadership [20] - The macro backdrop is expected to remain volatile, but the portfolio is positioned for various market scenarios [24] Portfolio Highlights - The ClearBridge Select Strategy outperformed the Russell 3000 Index, with contributions from eight of the eleven sectors [25] - Stock selection in consumer staples and communication services, along with an overweight in IT, drove positive results [26] - Key contributors included AppLovin, Reddit, and L3Harris Technologies, while MercadoLibre and ServiceNow were notable detractors [27]

Key Takeaways DPZ's Q3 EPS of $4.08 topped estimates, while revenues rose 6.2% year over year to $1.15B.U.S. comps climbed 5.2% with strong gains from stuffed-crust innovation and key promotions.Domino's opened 214 new stores, boosted global retail sales 6.3% and declared a $1.74 dividend.Domino's Pizza, Inc. (DPZ) reported third-quarter fiscal 2025 results with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line fell from the prior-year q ...

天眼查App显示，近日，宜宾市翠屏区赵贰姐卤菜店（个体工商户）成立，法定代表人为罗记忠，注册 资本3万人民币，经营范围为许可项目：小餐饮；食品销售。（依法须经批准的项目，经相关部门批准 后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）一般项目：食品销售（仅销 售预包装食品）；外卖递送服务。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Insights - During the National Day and Mid-Autumn Festival holiday, Hunan Province's monitored retail and catering enterprises achieved a total retail sales of 2.527 billion yuan, marking a year-on-year increase of 0.34% [1] Retail Sector - The retail sector generated sales of 2.487 billion yuan, reflecting a year-on-year growth of 0.2% [1] Catering Sector - The catering sector reported sales of 40.061 million yuan, which is a significant year-on-year increase of 11% [1]

Sodexo has appointed Thierry Delaporte as its new group CEO, effective from 10 November 2025, as part of a strategic governance restructure. This governance shift is positioned as a response to what Sodexo describes as "a new phase of development" following Sophie Bellon's four-year tenure as CEO. The French foodservice company has separated the role of chairwoman of the board of directors from that of CEO. Bellon will transition to the role of non-executive chairwoman during her mandate, facilitating th ...

Core Insights - Happy Belly Food Group Inc. has secured a new prime real estate location in Toronto for a combination store featuring iQ Food Co. and Heal Wellness, marking the second such pairing in their portfolio [1][2] - The new location is strategically positioned at a high-traffic intersection, targeting a young, urban, health-conscious demographic [5][7] - This expansion follows the successful performance of the first combo store, indicating the scalability of the company's business model [2][8] Company Overview - Happy Belly Food Group is a leader in acquiring and scaling emerging food brands across Canada [13] - The company currently has 626 contractually committed retail franchise locations across its portfolio, with plans for significant expansion in the latter half of 2025 and into 2026 [8] Brand Details - iQ Food Co. is known for its healthy food options, including bowls, smoothies, and sandwiches, and is expanding its presence in Ontario's Greater Toronto Area [7][11] - Heal Wellness focuses on providing quick, fresh wellness foods, including smoothie bowls and superfood ingredients, catering to an active lifestyle [10][11]

Lynch, remaining in reflective mode, talked about something else he has been quoted as having said: that investors have lost far more money preparing for corrections or trying to anticipate corrections than in actual corrections. Similarly, in the economy, everyone, including the experts, is often wrong — for instance, two years back, in widely forecasting a recession in 2024 . “I think,” Lynch joked, “economists have predicted 33 of the last 11 recessions.”“Play the market is not what you do. You buy good ...

Core Insights - Cold Stone Creamery is planning to expand its franchise presence in the Greater Houston Area, targeting the opening of 10 new outlets by 2030 [1][3] - The expansion will focus on cities such as Baytown, Humble, Missouri City, Pasadena, Rosenberg, and Tomball, indicating a strategic approach to market penetration in diverse communities [1][3] Company Strategy - The brand leader emphasizes Houston's diverse market, highlighting the strong consumer base that appreciates Cold Stone Creamery's products and services [2] - The expansion is expected to create new job opportunities and contribute to economic growth in Houston, which is characterized as a city full of opportunities for business ownership [3] Franchise Opportunities - Cold Stone Creamery is actively seeking franchise candidates, ranging from first-time operators to multi-unit owners, indicating a broad appeal for potential investors [4] - The initial franchise fee for a traditional Cold Stone Creamery outlet is set at $27,000, which may attract a variety of franchisees [5] Current Operations - Cold Stone Creamery currently operates multiple locations in the Greater Houston area and has a total of 51 outlets across Texas, showcasing its established presence in the state [3]

Over 1,000 children fall ill from free school lunches in Indonesia https://t.co/iRGLZU4oeB ...

天眼查App显示，近日，娄底市娄星区糖汀物语蛋糕屋（个体工商户）成立，法定代表人为袁秦春，注 册资本20万人民币，经营范围为许可项目：餐饮服务；食品销售。（依法须经批准的项目，经相关部门 批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）一般项目：食品销售 （仅销售预包装食品）。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...