Core Insights - Optimist Fund reported a +9.1% return in Q3 2025, outperforming the benchmark return of 7.9% [1] - The fund is focusing on cyclical holdings that have been in multi-year downswings while also paying attention to developments in AI [1] Company Analysis: Fiverr International Ltd. (NYSE:FVRR) - Fiverr International Ltd. experienced a one-month return of -5.50% and a 52-week loss of 26.53%, closing at $22.18 per share with a market capitalization of $819.172 million on October 30, 2025 [2] - The fund's position in Fiverr was reduced to a 4% weight after the company's results fell short of expectations, despite an earlier increase in position due to the launch of a new AI product [3] - Fiverr is not among the 30 most popular stocks among hedge funds, with 18 hedge fund portfolios holding its stock at the end of Q2 2025, up from 17 in the previous quarter [4]

Core Points - Tesla reported a fourth consecutive decline in quarterly profit despite an increase in sales, leading to a drop in shares during after-hours trading [1][3] - The company's third-quarter earnings fell 37% to $1.4 billion, or 39 cents per share, compared to $2.2 billion, or 62 cents per share, a year earlier [2] - Revenue increased to $28.1 billion from $25.2 billion, driven by a 7% rise in electric vehicle sales and growth in battery storage and electric charging businesses [4] Financial Performance - Earnings excluding certain charges decreased to 50 cents per share from 72 cents per share a year ago, falling short of the 56 cents forecast by analysts [6] - Gross margins reached 18%, the highest for the year, but declined from the previous year and from 25% four years ago due to discounts and incentives [5] Strategic Focus - Elon Musk emphasized diversifying the business beyond car sales, highlighting initiatives like the driverless robotaxi service, AI products, and Optimus robots [3] - Musk expressed confidence in the robotaxi service, planning to remove safety monitors from the driver's seat by year-end in Austin, Texas, with expansion to other metro areas [3]

Company Overview - SEMrush Holdings, Inc. (SEMR) shares increased by 8.2% to close at $9.8, supported by strong trading volume, significantly higher than normal [1] - The stock has shown a modest gain of 0.3% over the past four weeks [1] Financial Performance - SEMrush is projected to report quarterly earnings of $0.08 per share, reflecting a year-over-year increase of 33.3% [2] - Expected revenues for the upcoming quarter are $108.9 million, which is a 19.7% increase compared to the same quarter last year [2] Earnings Estimates and Trends - The consensus EPS estimate for SEMrush has been revised 8.3% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [3] - The company is advised to be monitored closely for potential continued strength following the recent stock price increase [3] Industry Context - SEMrush operates within the Zacks Internet - Software industry, where another company, Reddit Inc. (RDDT), has a consensus EPS estimate of $0.19, representing a significant year-over-year change of 416.7% [4] - Reddit Inc. also holds a Zacks Rank of 3 (Hold), similar to SEMrush [4]