Netflix banked a $2.8 billion termination fee after walking away from the Warner Bros. Discovery deal. The share price rebounded strongly, supporting the thesis in our last report. But the market didn’t like something in the latest numbers, with renewed pressure on the share price. Is that an opportunity?
McCormick’s proposed merger with Unilever Foods may be a show of faith in the McCormick platform and relationships, but it’s also a nasty reality check around the valuation multiple for the group. With organic volumes under pressure, can things get even worse for the share price?
NIKE’s share price is trading at 2014 levels. The dividend yield is the highest ever. The market has severely punished this story, but have they overdone it? NIKE has a very long road to run and the macroeconomic conditions look tough. This turnaround is a marathon, not a sprint. At what point could investors consider joining this race?
As one of the world’s three scaled memory manufacturers, Micron Technology finds itself playing a core role in the AI boom. In similar vein to what we’ve seen in chips, this means unprecedented demand and much stronger margins than expected.
Despite logical arguments that could be made about the risks to FedEx in this global trade environment, the share price has performed spectacularly. The company’s adoption of data intelligence is evidenced by the decision to train over 400,000 employees in AI literacy. The market is strongly supporting the Network 2.0 strategy - and the margins show exactly why.
A tough Chinese market with new competitors. A hostile US approach with tariffs. Little or no real growth in Europe. And of course, the debate around EV adoption. Things are hard for Volkswagen. Very hard. Margins have come off and even Porsche is faltering. Can they get anywhere close to their 2030 ambitions?
Rolls-Royce gets bundled in with the defence names in Europe, but the much bigger underlying exposure is civil aviation and the substantial improvement in profitability of maintenance contracts. This makes the company an interesting choice and well worth a look, especially given the recent momentum.
Intuit has suffered one of the sharpest sell-offs on the market this year. Despite solid underlying performance, investors are punishing the stock and valuing it as though the golden age of SaaS is dead. Is that the case, or is this one of the most interesting speculative plays on the market in 2026?
Walmart is perhaps the world’s most famous retailer, but can they take the fight to Amazon as the go-to online choice? It’s a clash of the titans, as omnichannel comes up against digital-first. And with Walmart showing the world how strong the omnichannel economics can be, there’s much at stake.
Shopify is synonymous with eCommerce. The group boasts clients ranging from SMEs through to global enterprises. And with innovation in areas like agentic commerce, they are preparing for the future. But as margins dip and the shine comes off SaaS names, how will Shopify’s famously expensive valuation withstand the pressure?
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