Special Report
Will the U.S. Dollar Continue to Decline?
In the first half of 2025, the US Dollar Index (DXY) experienced its most pronounced semiannual drop since 1973, falling from 110.18 in January to 96.76 by the end of June, a cumulative decline of 12.18%, officially ending the 14-year bull market from 2010 to 2024. During that period, the index had
The moat of semiconductor equipment leader WFE
Applied Materials is the world's largest supplier of semiconductor wafer fabrication equipment. We believe the company has the broadest product portfolio, which should enable it to maintain its leading market share. We believe Applied Materials' extensive experience in chip manufacturing enables it
Rithm's acquisition proposal: Has the real estate industry recovered?
Recently , Rithm Capital Corp. announced plans to acquire real estate investment trust Paramount Group, Inc. The $1.6 billion deal would see the company acquire all of PGRE's shares for $6.60 per share, a 38% premium to the price at the time of its strategic review (May 16), but down from
MAGY's covered call strategy and a viable income portfolio
Roundhill Investments, an investment firm that launched a series of niche income funds, such as zero-day maturity ETFs, is now a familiar name to most ETF investors. Of particular interest to investors is the Roundhill Magnificent Seven ETF; not the fund itself, which is more of a price-capture ETF
Global AI Expenditure Soars, Driving a New Growth Phase in Semiconductors
In 2025, global AI spending is projected to reach $1.5 trillion, up significantly from $987.9 billion in 2024. This growth is largely driven by the expansion of AI infrastructure, including sustained investments by major cloud service providers in AI-optimized hardware and GPUs.
Smiths Group is developing a new technology blueprint for industrial technology
Smiths Group is reinventing itself as a focused industrial technology company. Its core business includes two world-class companies, John Crane and Flex-Tek, specializing in engineered fluid and thermal management solutions. Both companies focus on attractive, non-commoditized market segments where
Lemonade powered by AI: Profitability turning point and market revaluation
Lemonade has established a solid foundation for growth by leveraging AI algorithms, such as AI Jim, to resolve over 40% of claims within minutes. For example, the AI Maya chatbot service guides users through the policy purchase process through an intuitive and user-friendly experience. As a result
Santos capital allocation logic: Currently relying on pure oil production to achieve growth balance
Santos is Australia's second-largest pure-play oil and gas exploration and production company (after Woodside Petroleum (ASX:WPL)). Its interests cover all of Australia's oil and gas producing regions, as well as Papua New Guinea. Santos is currently one of Australia's largest coal seam methane prod
Fed Resumes Easing Cycle: Widening Global Monetary Policy Divergence and Impacts
On September 17, 2025, the Federal Open Market Committee (FOMC) announced a 25-basis-point reduction in the target range for the federal funds rate to 4.00% - 4.25%. This decision marks the formal resumption of the Fed’s easing cycle, following three consecutive rate cuts in December 2024 (totaling
SGH's EBITDA growth: WestTrac is the core growth engine
SGH's industrial equipment businesses, WesTrac Australia and Coates, provide solid income and cash flow through investments in local government, civil engineering, and mining. Boral, a wholly owned building products and materials company, strengthens its infrastructure focus. Demand for mining
McDonald's MCD: Return to Value and Long-Term Growth Blueprint
McDonald's strategy emphasizes its competitive advantages through MCD: relevant marketing, core menu development, and the "Four Ds": digital, drive-thru, delivery, and growth. Recently, amidst a challenging consumer economic environment, the company has focused on leveraging scale-driven cost advan
Collaboration, M&A, and Platformization: BioNTech's "De-Single Track"
Founded in 2008 and headquartered in Germany, BioNTech has become a key player in the development of personalized mRNA cancer therapies. The emerging biotech company's first commercial vaccine for COVID-19 was licensed in December 2020. Its early-stage pipeline and mRNA technology platform have
Jackson Hole: From Volcker Taming Inflation in 1982 to Powell Navigating Risks in 2025
Jackson Hole, Wyoming, originally a vacation town known for its cowboy culture, has gained international prominence since 1982 as the host of the annual global central banking conference. It has become a key venue for observing the direction of monetary policy worldwide.
Cipher Mining: The Transformation from Bitcoin Miners to Hashrate Infrastructure
In 2020, an obscure Texas-based computing power company emerged: Cipher Mining. Backed by the North American presence of mining giant Bitmain, Cipher Mining quickly went public via a SPAC. Many initially anticipated its ability to build a nearly unbeatable moat around energy costs by leveraging
Bullish to go public: the first batch of cryptocurrency stocks in the first year of compliance
Bullish's IPO application comes at a crucial time. The US Congress is in a critical window for digital asset legislation, and the advancement of the CLARITY Act is seen as a sign that the crypto industry has officially entered the "Year of Compliance." Over the past few years, the US Securities and
American Water Works: Long-Term Growth and Defensive Value from a Dividend King
American Water Works is a regulated public utility company with water and electric subsidiaries in California. It also provides water supply and wastewater treatment services to many military bases across the United States through long-term contracts. The current dividend yield is approximately 2.7%
Here are five consumer staples leaders that investors should care about
Sometimes, Wall Street can be overly pessimistic about high-quality companies that are temporarily in trouble, and this can create opportunities for dividend investors. Although some industry sectors have long been home to leading companies with stable operations, market sentiment always fluctua
Salesforce: AI, SaaS, and long-term value
The SaaS model is usually understood as a "software subscription system", but in Salesforce's business practices, its revenue structure and customer binding strategy are more diverse and systematic. The company's core business is based on "modular stacking" and "customer data locking", and mainl
Apple: Winning Wall Street's $3 trillion market value with "no story"
As all the tech giants scramble to tell AI stories and restructure their valuations, Apple's performance seems particularly "boring": The iPhone has not undergone any qualitative upgrade, Mac and iPad have declined for several consecutive quarters, and revenue for the entire year of 2024 is expecte
These Facts Confirm AMD Is Still Not the Next Nvidia
Fueled by a surge of capital into artificial intelligence infrastructure, Advanced Micro Devices (AMD) has become one of the most closely watched AI-related stocks over the past year. As its AI GPU lineup gradually comes to market, investors have at times viewed AMD as a viable challenger to NVIDIA’
