Core Viewpoint - The "Magnificent 7" tech stocks have all experienced declines in share prices since the beginning of the year, despite their involvement in key technology sectors such as AI, mobile computing, chipmaking, and transportation [1][2]. Group 1: Stock Performance - As of now, none of the Magnificent 7 stocks have positive returns for 2026, with year-to-date performance showing significant declines [2]. - The individual year-to-date returns for the Magnificent 7 stocks are as follows: - Alphabet Inc. (GOOG): down 3.3% - Amazon.com, Inc. (AMZN): down 13.5% - Apple Inc. (AAPL): down 4.8% - Meta Platforms, Inc. (META): down 2.7% - Microsoft Corporation (MSFT): down 17.4% - Nvidia Corporation (NVDA): down 1.6% - Tesla, Inc. (TSLA): down 8.2% [3].

Core Viewpoint - Best Buy Co., Inc. (BBY) has shown mixed performance in the market, with recent positive quarterly results but a significant decline over the past year compared to broader indices [2][6]. Company Overview - Best Buy is valued at a market cap of $14.8 billion and offers a variety of products including computers, smartphones, televisions, home appliances, and accessories, along with services like installation, repair, and technical support [1]. Market Performance - Over the past 52 weeks, BBY shares have declined by 21%, while the S&P 500 Index has gained 15.6% [2]. - Year-to-date, BBY's stock has seen a marginal increase, contrasting with the S&P 500's rise of 1.7% [2]. Recent Financial Results - On November 25, BBY shares rose by 5.3% following better-than-expected Q3 results, with comparable sales growing by 2.7% and total revenue increasing by 2.4% year-over-year to $9.7 billion, surpassing consensus estimates [6]. - Adjusted EPS for the quarter advanced by 11.1% to $1.40, exceeding analyst expectations of $1.31 [6]. - BBY raised its fiscal 2026 outlook, projecting adjusted EPS guidance between $6.25 and $6.35 [6]. Analyst Expectations - For the current fiscal year ending in January, analysts expect BBY's EPS to decline slightly to $6.31 [7]. - BBY has a promising earnings surprise history, having topped consensus estimates in each of the last four quarters [7]. - Among 24 analysts covering BBY, the consensus rating is a "Moderate Buy," with seven "Strong Buy," 16 "Hold," and one "Moderate Sell" rating [7]. Analyst Ratings Update - The configuration of analyst ratings has become less bullish compared to a month ago, with eight analysts suggesting a "Strong Buy" rating [8]. - Evercore Inc. maintained an "In Line" rating on BBY but lowered its price target to $70, indicating a potential upside of 4.4% from current levels [8].

Core Viewpoint - The United States will reduce its punitive tariff on Indian imports from 25% to 18% as part of a new trade deal with India, which involves India ceasing its purchases of Russian crude oil and increasing imports from the U.S. [1][2][4] Trade Agreement Details - The agreement is framed as a significant geopolitical win, with India agreeing to stop buying Russian oil and to increase purchases from the U.S. and potentially Venezuela, contributing to efforts to end the war in Ukraine [2][4] - The deal is characterized by a deepening of U.S.-India trade and energy ties, marking a shift from previous tariff escalations [4][6] - The U.S. will cut its "reciprocal tariff" on Indian goods to 18%, while India will eliminate tariffs and non-tariff barriers on American products [8][10] Economic Impact - Following the announcement, India's Nifty 50 index futures surged by 3.8%, and the U.S.-listed iShares MSCI India ETF rose by 2.4%, indicating positive market sentiment [5] - The Indian rupee gained 1% against the dollar in offshore trading, reflecting investor confidence in the new trade dynamics [5] Energy Sourcing Challenges - India has been importing approximately 1.5 million barrels per day of Russian crude, and transitioning away from this sourcing will be complex and time-consuming [7] - Indian officials have previously defended these imports as essential for energy security, highlighting the challenges in shifting energy sourcing [7] Future Commitments - Modi has committed to a substantial "BUY AMERICAN" initiative, which includes over $500 billion in U.S. energy, technology, agriculture, coal, and other exports [8]

Core Insights - Berkshire Hathaway's investment portfolio, valued at over $300 billion, will reveal its final changes under Warren Buffett's leadership in the upcoming SEC Form 13F filing [2][3] - Buffett's investment principles are expected to continue influencing Berkshire Hathaway even after his departure as CEO at the end of 2025 [3][9] Berkshire Hathaway's Portfolio Changes - The upcoming SEC Form 13F will disclose changes made to Berkshire's investment portfolio during the fourth quarter, which will be particularly interesting as it marks Buffett's last days in control [2] - Buffett has been reducing his stake in Apple, selling down from 906 million shares at the end of 2023 to 238.2 million shares by the end of 2025, yet Apple still constitutes 19% of Berkshire's total portfolio [6][7] Key Holdings - Apple has been a cornerstone of Berkshire's portfolio, with Buffett expressing admiration for its products and customer loyalty [6] - American Express is a significant holding for Berkshire, with 151.6 million shares, reflecting Buffett's preference for companies with strong competitive advantages and loyal customer bases [8][10]

Core Viewpoint - Best Buy Co., Inc. (NYSE:BBY) is experiencing mixed sales trends, with recent improvements not fully offsetting earlier weaknesses, leading to a revised price target from Truist [2][3]. Group 1: Sales and Earnings Outlook - Truist analyst Scot Ciccarelli has reduced the price target for Best Buy from $77 to $73 while maintaining a Hold rating, citing a review of spending data and holiday checks [2]. - Best Buy's sales trends have shown improvement in recent weeks, although early December was notably weak based on card data [2]. - The company has raised its full-year sales and profit outlook due to stronger-than-expected holiday demand, particularly in computing and tablets, which account for about one-third of its revenue [3][5]. Group 2: Consumer Behavior and Digital Expansion - CEO Corie Barry noted that customers are still spending but are more deal-focused and prefer predictable shopping moments [4]. - Best Buy is expanding its digital presence, including the launch of a U.S. marketplace to enhance its product assortment and compete with major e-commerce players [4]. - Domestic online sales increased by 3.5%, while international comparable sales rose by 6.3% [4]. Group 3: Future Projections - The company now anticipates FY2026 comparable sales growth of 0.5% to 1.2%, an improvement from its previous forecast of a 1% decline to 1% growth [5].

Group 1 - Apple (AAPL) has experienced a decline of nearly 5% at the start of the year, but Evercore ISI has named it their top hardware pick for 2026 due to strong product cycles and healthy consumer demand [1] - The upcoming AI upgrade for Apple's Siri assistant aims for deeper integration of generative AI, enhancing contextual understanding to compete with models like Gemini and ChatGPT [2] - With the largest user base globally, Apple could unlock significant revenue potential by improving its AI capabilities, although past delays have made investors cautious [3] Group 2 - Over the past five years, AAPL stock has doubled, yet it underperformed in the last year, achieving only about half the gains of the S&P 500 Index, with a recent decline of nearly 7% in the last month [5] - AAPL is currently trading at a forward price-to-earnings multiple of 31.9, which is slightly above its five-year historic average, indicating a premium valuation that could change with the launch of the improved AI assistant [6]

Core Insights - Lenovo introduced significant innovations in Hybrid AI, including a new personal AI super agent, AI PCs, and smartphones at Tech World @ CES 2026 [1] - The company showcased proofs of concept for agentic-native wearables and next-generation enterprise AI infrastructure [1] - Lenovo emphasized its ongoing commitment to AI innovation across various domains, including devices, infrastructure, solutions, and services [1] Product Innovations - The new personal AI super agent is designed to enhance user experience and interaction with technology [1] - AI PCs and smartphones are part of Lenovo's strategy to integrate advanced AI capabilities into consumer devices [1] - The introduction of agentic-native wearables represents a forward-thinking approach to personal technology [1] Industry Collaborations - Lenovo announced breakthrough collaborations in the entertainment and sports sectors, indicating a strategic focus on industry partnerships [1] - These collaborations aim to leverage AI technology to create new experiences and solutions within these industries [1]

Group 1 - SGA's U.S. Large Cap Growth Strategy reported a portfolio return of -1.3% (Gross) and -1.4% (Net) in Q3, underperforming the Russell 1000 Growth Index which returned 10.5% and the S&P 500 Index which returned 8.1% [1] - The investment objective of SGA is to focus on high-quality growth businesses expected to achieve consistent mid-teens earnings growth, along with stable revenue and cash flow [1] - In Q3, lower-quality stocks and cyclical industries outperformed, negatively impacting SGA's investment style [1] Group 2 - Apple Inc. (NASDAQ:AAPL) was highlighted as a key stock in SGA's third-quarter investor letter, with a one-month return of -3.15% and a 52-week gain of 11.49% [2] - As of December 31, 2025, Apple Inc. closed at $271.86 per share, with a market capitalization of $4.035 trillion [2] - Apple contributed positively to portfolio returns in Q3, benefiting from strong performance across all geographies, including a rebound in China [3] Group 3 - Apple managed to navigate tariff impacts effectively, with continued demand for its products supported by subsidies in China [3] - Despite challenges in talent acquisition and AI development, Apple's results remained robust, with management guiding for mid to high single-digit top-line growth in the upcoming quarter [3] - Strong buyback activity and stable valuation further supported Apple's stock performance, even as investor attention shifted towards AI [3]

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RT BSCN (@BSCNews)🚨 This might just be the single BIGGEST announcement in @SeiNetwork's multi-year history...The project will integrate a pre-installed crypto wallet and discovery app on new Xiaomi smartphones (outside China and the US).Two things about this are exciting...#1 Xiaomi appears to have chosen $SEI as the partner to support its blockchain expansion.#2 This could mean REAL adoption for Sei's technology and its ecosystem.If there was an altcoin update to make sure you understand, this is it ⬇️http ...