Podcasts about financials

In this week's episode, Ian and Kevin discuss how metals and mining are off to a good start this year, the Russell 2000 with a nice setup again, international equities, areas of Financials that are performing well, a mixed bag from semiconductors, and crypto miners. 

After a volatile first half and another year of strong headline returns, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist at Carson Group, step back to assess what actually shaped markets in 2025 and what that foundation means heading into 2026.They revisit why early-year turbulence caught so many investors off guard, how companies navigated tariffs and margin pressure more effectively than expected, and why earnings growth remained the quiet backbone of the rally. The conversation then turns forward, covering their 2026 outlook for stocks and bonds, the role of AI-driven capital spending, global market leadership, and why sentiment continues to lag reality even as breadth improves. Along the way, they discuss inflation stickiness, labor market crosscurrents, policy tailwinds, and where diversification still matters most as the cycle matures.Key Takeaways: • Earnings did the heavy lifting: Profit growth and margin resilience, not valuation expansion, powered market gains • Volatility followed the script: Early-year drawdowns fit historical patterns despite widespread surprise • Global leadership expanded: International markets and cyclicals outpaced expectations as breadth improved • AI spending surged: Capital expenditures accelerated across major tech platforms, reinforcing long-term growth trends • 2026 outlook remains constructive: Above-average equity returns and modest bond gains hinge on steady growth without recessionJump to:0:00 — Setting The Stage For 20251:48 — Tariffs, Liberation Day, And Market Bottom4:30 — Sentiment, Concentration Myths, And Breadth9:45 — Speculation Falls, AI Leaders Repriced14:45 — Small Caps, Transports, And Rate Cuts22:30 — IPO Drought, Private Markets, And Valuations27:20 — Media Moments, Gold, And Diversifiers32:20 — Fed Cuts, Dots, And Labor Revisions40:10 — 2026 Playbook: Mid Caps, Financials, Healthcare46:30 — Global Vs. U.S., EM Tilt, And PolicyConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Sonu:• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/• X: https://x.com/sonusvarghese?lang=enQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com

The trading day doesn't start when the opening bell rings. In this inaugural episode of 2026, Mark Longo is joined by a powerhouse panel to dissect a wild 2025 and forecast the trends shaping the European derivatives landscape in the year ahead. Inside This Episode: 2025 Retrospective: Why European financials and defense sectors outperformed the US mega-cap tech narrative. The Defense Boom: A look at the unprecedented returns in European defense indices (some up nearly 100%) and whether the momentum can survive potential geopolitical shifts. Banking on Europe: Why the STOXX Europe 600 Banks index returned a staggering 76% in 2025 and how the diversification of European mega-caps offers a unique play compared to US financials. Volatility Outlook: Russell Rhoads breaks down the VIX vs. VSTOXX and explains why the US remains the primary source of global "anticipatory" volatility. New Product Alert: Sophie Granchi (Eurex) discusses the shift toward Industry Futures and the demand for thematic trading in a de-globalizing world. The Red Phone: Listener Q&A The panel answers your burning questions on: Relative Value Trades: How to play the narrow calendar spreads in VSTOXX vs. the wider spreads in VIX. Institutional Rotation: Is the heavy volume in European Bank futures a "higher for longer" play or a flight from US markets? The Divergence Myth: Is the gap between the S&P 500 and STOXX cyclical or a permanent shift in global equity performance? Featured Guests: Mark Longo: Founder & CEO, The Options Insider Media Group Russell Rhoads: Kelly School of Business, Indiana University (a.k.a. Dr. VSTOXX) Sophie Granchi Head of Equity & Index Sales (EMEA), Eurex Arun Singhal: Global Head of Index Product Management, STOXX

Carl Quintanilla, Sara Eisen, & David Faber kicked off the hour with some reasons to be optimistic about markets and growth into 2026 - before breaking down the bear case with Cantor Fitzgerald's Chief Equity Strategist who's warning of a drawdown ahead. Plus: what comes next in Venezuela as the President says the U.S. could reimburse energy companies to rebuild there... with one expert who says that's no easy task - and UBS's top picks within the financials as the group kicks off 2026 with a big rally to fresh all-time highs.  Also in focus: the state of the AI race and how demand is holding up - with the CEO of AMD, who sat down with the team for a wide-ranging interview, live from one of tech's biggest conferences of the year. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

For years, business owners have been told to follow a familiar playbook when it comes to hiring: Take your time. Be selective. Hire slow, fire fast. But more and more owners are discovering that those rules don't fit the reality they're facing right now. This week, William Vanderbloemen says employers can no longer indulge the luxury of hiring slow. “The shortest sermon I've got,” says the former pastor, “is candidates are more fickle than ever, and owners need to realize that.” Paul Downs says he's trying to figure out what's gone wrong with his hiring process: Is it the way he uses Indeed? The way he approaches candidates? Or the differences between hiring white-collar and blue-collar employees? Jaci Russo believes companies should always be marketing their brand as an employer and always be on the lookout for good people—even when they're not actively hiring. Plus, in a wide-ranging, end-of-year discussion recorded in December, the three owners talk about whether they hit their numbers in 2025, whether they use a formal budgeting process, what they expect in the year ahead, and how far out they can realistically see when they try to plan for the future.

Our CIO and Chief U.S. Equity Strategist Mike Wilson discusses key catalysts that investors may be missing, but that are likely to boost U.S. equities in 2026.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing the converging market forces bolstering our bullish outlook for 2026. It's Monday, January 5th at 11:30am in New York. So, let's get after it. The New Year is usually a time to look forward. But today, I want to take a step back and talk about what the market is missing. A series of bullish catalysts are lining up at the same time, and the market is still underestimating their collective impact. There's been a lot of focus on individual positives—solid earnings growth, further Fed easing—but in our view, the real story is how these forces are reinforcing one another. Deregulation, positive operating leverage, accommodative monetary policy, and increasingly supportive fiscal policy are all working in the same direction. And as we head into mid-term elections later this year, these policy levers are likely to stay supportive.Importantly, this isn't a market that's already priced for the outcomes I envision. Positioning in cyclical trades remains relatively light, and sentiment in economically sensitive areas is far from exuberant. That combination—of improving fundamentals with cautious positioning—is exactly what tends to characterize the early stages of a recovery. I continue to believe these tailwinds are most underappreciated in cyclical areas like Consumer Discretionary Goods, Financials, Industrials, and small- and mid-cap stocks. Many of the indicators we track are only just beginning to turn higher. This doesn't look late-cycle to me—it looks early in what I have deemed to be a rolling recovery. One reason investors have been hesitant is the sluggishness of traditional business-cycle indicators, particularly the ISM Manufacturing Purchasing Managers Index. There's been a reluctance to press cyclical trades until those gauges clearly re-accelerate; and beneath that hesitation is a lingering anxiety that the U.S. economy could even slip back into a growth scare. My view is different. I believe a three year rolling recession ended with Liberation Day. If that's true, then the moderate softness we're now witnessing in lagging labor data is constructive for equities because it keeps the Fed leaning dovish for longer and more aggressive—a positive for equities. I see the second half of 2025 as the bottoming process for key macro indicators; with 2026 shaping up as a year of re-acceleration. Longer-cycle analysis supports this. Specifically, the 45-month cycle of the ISM Manufacturing Purchasing Managers Index points to a rebound. That recovery has been delayed—but not cancelled. Another tailwind that doesn't get nearly enough attention is energy prices. Gasoline prices in particular are sitting near five-year lows, which is providing real economic relief for lower- and middle-income consumers. That cushion matters, especially as other parts of the economy firm. This past weekend's events in Venezuela argue for lower oil prices for longer. From a sector standpoint, Financials stand out as the key beneficiary of deregulation and these stocks have been great performers over the past year in anticipation of these changes. I think there is more to go in 2026. Housing could be another important piece of the recovery. Subdued wage growth and falling rents may pressure home prices, while some builders are prioritizing volume over margins. While that may cap profitability for the builders, it could unlock housing velocity and feed into a more dovish inflation backdrop. Of course, there are also risks. Liquidity has been our top concern since September, and markets have reflected that through weakness in speculative assets. The good news is that the Fed has responded by ending quantitative tightening early and restarting asset purchases through the Reserve Management Program. This effectively adds liquidity to a system that was showing signs of stress this past several months. Another risk is a renewed slowdown in AI CapEx, particularly as markets demand clearer payback from debt-funded spending. And geopolitically, the U.S. intervention in Venezuela raises new questions. Strategically, it reinforces U.S. influence in the Western Hemisphere and supports our ‘Run It Hot' thesis—but the key wildcard remains whether China chooses to react. Net-net, we think the balance of risks and rewards still favor leaning into this early-cycle recovery and our bullish outlook for US equities in 2026. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Scott Ladner lays out his big picture themes for 2026, arguing for small and mid cap financials will rise on the back of deregulation. He also likes electricity and utilities that support AI infrastructure. He believes AI will create jobs but says speed and timing could create “confusion” within the job market. He argues that the U.S.'s moves around Venezuela are “irrelevant” to the market narrative. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

When new people find the Nutritional Therapy and Wellness Podcast, they ask, "Where do I start?" While we'd love for you to go back to the beginning and take them all in, this is for those who need a quick catch-up. We're doing a Rapid Replay Series of condensed episodes, including the most popular episodes according to streams and downloads, as well as a few of our team's personal favorites.  This episode is a condensed version of Episode 004: Bioindividuality - A Freedom You've Never Known. (Click ⁠HERE⁠ for the full, original version instead.) In this episode, host Jamie Belz, FNTP, MHC, explains what "bioindividuality" is and how it entails the understanding, acceptance, and embodiment of the truth. There is no "one-size-fits-all" cookie-cutter approach to health and well-being. Each person is unique and, accordingly, in their approach to and pursuit of optimal wellness. Jamie then walks you through:  1.) Finding a trusted health liaison 2.) Doing a personal audit/health audit using the prompts (below) 3.) Setting goals 4.) Making an action plan/determining action steps 5.) Documenting what you're doing and tracking your findings This episode offers an alternative approach to traditional "New Year's resolutions" and the endless pit of programs, packages, and purchases you can make in pursuit of your wellness goals. This is so simple, it sounds complicated. Don't let it be! Grab a pen and paper, hit PLAY, and get started.  _______________ Your Personal Health Inventory / Health Audit (Listen to the audio first) Areas of Consideration Prompts Health Physical Mental/Emotional Spiritual Relationships Spouse/Significant Other/Life Partner Children Parents Siblings Extended Family Friends Neighbors Coworkers/Colleagues/Professional Associates Children's Networks (Teachers, Coaches, Friends' Parents) Environment Home Clean-Tidy Clean-Toxic (Mold, Cleaners, Off-Gassing, Wildfires, etc.) Enjoyable Comfortable Safe Lonely Overwhelming Affordable Hard Work Work Neighborhood Community Digital Space Finances Stability Relationship with money Debt Income Assets Retirement Insurance Charitable giving/Generosity Ability to Provide Career As Employee Job - Satisfaction, Enjoyment, Feel Appreciated, Feel Challenged, Income, Stress, Hours, Coworkers, Supervisor, Purpose, Challenge, Longevity, etc. Confidence, Satisfaction, Quality of Life Impact, Financials, Progress, etc. Education Exercise Diet Sleep Stress Sex Time Management Confidence Physically, Intellectually, Life Stage/Progress/Accomplishments, Productively, Relationally, etc.   Points of Consideration/Questions (for everything!) What's going well? What's not? How does it impact my energy? Is it draining or energizing? Does this increase or decrease stress? What am I proud of? What do I need more of? Less of? How am I feeling about that? What brings me the most joy? What seems to come naturally? Do I still need some healing in that area? Why do I avoid that? How satisfied am I with my performance on that? Is something too time consuming? What's the ROI on that? What feels unsettled? Where and when do I feel welcome? Appreciated? Loved? Encouraged? What should I be doing? What should I stop doing? Where am I seeing patterns? Why does that prompt negative self-talk? Who is getting the best of me? Worst of me? Why does that subject draw anxiety? When do I feel most inspired? ...now replace the "what" with "WHO" in these. ____________________ Please remember to subscribe, leave a review, and connect with us! We appreciate you!  

Ryan Detrick, Chief Market Strategist at Carson Group, flies solo for this new episode of Facts vs Feelings, joined by longtime chart-watchers Chris Kimble, former CEO of Kimble Charting Solutions, and Scott Brown, Founder of Brown Technical Insights, for a wide-ranging conversation on what the market is signaling as 2025 comes to a close.They dig into market breadth, sector leadership, financials, commodities, and metals that have gone nowhere for over a decade, along with gold's role, sentiment disconnects, and why certain “boring” areas may be setting up for something much bigger. The discussion blends technical analysis, long-term market history, portfolio construction, and the psychological side of investing, offering context for what could matter most heading into 2026.Chris and Scott are not affiliated with CWM, LLC. Opinions expressed by these individuals may not be representative of CWM, LLC.Jump to:0:00 — Opening and guest introductions1:41 — Market surprises and leadership shifts6:05 — Financials, tech, and market breadth12:10 — Gold, metals, and long-term breakouts18:40 — Sentiment, seasonality, and market signals26:10 — China, Fibonacci levels, and global setup34:20 — Research, portfolio construction, and the 2026 outlookConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Scott:• LinkedIn: https://www.linkedin.com/in/scott-brown-cmt-22b62891/• X: https://x.com/scottcharts?lang=enConnect with Chris:• LinkedIn: https://www.linkedin.com/in/chris-kimble-708b4681/• X: https://x.com/KimbleChartingQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com

In this episode, we look back at our year as a studio and talk honestly about what happened behind the scenes. We share why our monthly recaps quietly stopped, how guest interviews took over our schedule, and how 2025 became the year of internal projects. We also talk about highs and lows, hiring our first assistant, and building community through Discord and events.

Original Release Date: November 19, 2025Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why he continues to hold on to an out-of-consensus view of a growth positive 2026, despite near-term risks.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today I'll discuss our outlook for 2026 that we published earlier this week. It's Wednesday, Nov 19th at 6:30 am in New York. So, let's get after it. 2026 is a continuation of the story we have been telling for the past year. Looking back to a year ago, our U.S. equity outlook was for a challenging first half, followed by a strong second half. At the time of publication, this was an out of consensus stance. Many expected a strong first half, as President Trump took office for his second term. And then a more challenging second half due to the return of inflation. We based our differentiated view on the notion that policy sequencing in the new Trump administration would intentionally be growth negative to start. We likened the strategy to a new CEO choosing to ‘kitchen sink' the results in an effort to clear the decks for a new growth positive strategy. We thought that transition would come around mid-year. The U.S. economy had much less slack when President Trump took office the second time, compared to the first time he came into office. And this was the main reason we thought it was likely to be sequenced differently. Earnings revisions breadth and other cyclical indicators were also in a phase of deceleration at the end of 2024. In contrast, at the beginning of 2017—when we were out of consensus bullish—earnings revisions breadth and many cyclical gauges were starting to reaccelerate after the manufacturing and commodity downturn of 2015/2016. Looking back on this year, this cadence of policy sequencing did broadly play out—it just happened faster and more dramatically than we expected. Our views on the policy front still appear to be out of consensus. Many industry watchers are questioning whether policies enacted this year will ultimately lead to better growth going forward, especially for the average stock. From our perspective, the policy choices being made are growth positive for 2026 and are largely in line with our ‘run it hot' thesis. There's another factor embedded in our more constructive take. April marked the end of a rolling recession that began three years prior. The final stages were a recession in government thanks to DOGE, a rate of change trough in expectations around AI CapEx growth and trade policy, and a recession in consumer services that is still ongoing. In short, we believe a new bull market and rolling recovery began in April which means it's still early days, and not obvious—especially for many lagging parts of the economy and market. That is the opportunity. The missing ingredient for the typical broadening in stock performance that happens in a new business cycle is rate cuts. Normally, the Fed would have cut rates more in this type of weakening labor market. But due to the imbalances and distortions of the COVID cycle, we think the Fed is later than normal in easing policy, and that has held back the full rotation toward early cycle winners. Ironically, the government shutdown has weakened the economy further, but has also delayed Fed action due to the lack of labor data releases. This is a near-term risk to our bullish 12-month forecasts should delays in the data continue, or lagging labor releases do not corroborate the recent weakness in non-govt-related jobs data. In our view, this type of labor market weakness coupled with the administration's desire to ‘run it hot' means that, ultimately, the Fed is likely to deliver more dovish policy than the market currently expects. It's really just a question of timing. But that is a near-term risk for equity markets and why many stocks have been weaker recently. In short, we believe a new bull market began in April with the end of a rolling recession and bear market. Remember the S&P [500] was down 20 percent and the average S&P stock was down more than 30 percent into April. This narrative remains underappreciated, and we think there is significant upside in earnings over the next year as the recovery broadens and operating leverage returns with better volumes and pricing in many parts of the economy. Our forecasts reflect this upside to earnings which is another reason why many stocks are not as expensive as they appear despite our acknowledgement that some areas of the market may appear somewhat frothy. For the S&P 500, our 12-month target is now 7800 which assumes 17 percent earnings growth next year and a very modest contraction in valuation from today's levels. Our favorite sectors include Financials, Industrials, and Healthcare. We are also upgrading Consumer Discretionary to overweight and prefer Goods over Services for the first time since 2021. Another relative trade we like is Software over Semiconductors given the extreme relative underperformance of that pair and positioning at this point. Finally, we like small caps over large for the first time since March 2021, as the early cycle broadening in earnings combined with a more accommodative Fed provides the backdrop we have been patiently waiting for. We hope you enjoy our detailed report published earlier this week and find it helpful as you navigate a changing marketplace on many levels. Thanks for tuning in. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

2025 kept investors off balance, and Sonu Varghese, VP, Global Macro Strategist, and Ryan Detrick, Chief Market Strategist at Carson Group turned to Art Hogan, Chief Market Strategist at B. Riley Wealth Management, to make sense of what actually drove the year. They dig into the gap between perception and reality on market breadth, why speculative pockets unraveled even as leadership widened, and how steady rate cuts, shifting Fed signals, and a softer labor backdrop shaped sentiment. Art also brings decades of perspective on small caps, mid caps, financials, healthcare, and the global forces that may matter most as investors position for 2026.Art Hogan, nor B. Riley Wealth Management, are affiliated with CWM, LLC.Key Takeaways:• Market leadership broadened: More sectors and stocks contributed to gains than investors realized• Speculative areas reset: High-risk themes sold off sharply despite broader market strength• Fed signals stayed mixed: Cuts continued while disagreements inside the committee grew• Labor data softened: Slower hiring and revisions added pressure beneath the surface• Cyclicals built momentum: Financials, healthcare, industrials, and global markets carried meaningful strengthJump to:0:00 — Setting the Stage for 20255:20 — Breadth, Sentiment, and Concentration Fears9:30 — Speculative Shakeout and AI Valuations13:45 — Pullbacks, Psychology, and Market Stats17:15 — The Everything Rally in Context20:40 — Small Caps, Transports, and Quality Leadership34:30 — Fed Cuts, Labor Signals, and the 2026 OutlookConnect with Art• LinkedIn: https://www.linkedin.com/in/arthogan/• X: https://x.com/ArthurHoganIIIConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Sonu:• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/• X: https://x.com/sonusvarghese?lang=enQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com

4 Ways to Get HOA Docs Before You Close

The big things you need to know:First, we are upgrading S&P 500 Health Care to overweight from market weight.Second, we are upgrading S&P 500 Communication Services to overweight from market weight.Third, our other S&P 500 recommendations are unchanged. We remain overweight Financials and Materials, underweight Consumer Discretionary, and market weight all other sectors. Among our market weights, we have a preference for sectors that look attractively valued on our quant analysis (Consumer Staples, Energy, REITs) over those that look expensive (Utilities, Tech, and Industrials) which have been the early beneficiaries of the AI trade.We also close with a quick thought on the biggest macro takeaways from our 4Q25 global analyst outlook survey.

US equity markets advanced for a third consecutive session to open the holiday-shortened week - Dow rose +228-points or +0.47%, with Merck & Co (up +3.59%) the leading performer in the 30-stock index. Honeywell International fell -1.58% after the aerospace and industrial-automation company lowered its full-year earnings outlook and updated investors on its expectations surrounding the Flexjet lawsuit. Nike Inc -2.54%.The broader S&P500 gained +0.64%, with Materials (up +1.35%), Financials (+1.25%), Industrials (+1.11%) and Energy (+1.08%) all rising over >1% to lead ten of the eleven primary sectors higher. Consumer Staples (down -0.41%) was the only primary sector to settle in the red.

#RHOP #EddieOsefo #WendyOsefo #CynthiaBailey #PeterThomas #RHOA Thank you for your support of this channel

Rancho Mesa's Alyssa Burley and Account Executive of the Surety Department Josh Hill talk about how utilizing reviewed financials can help contractors improve their surety program.Show Notes: ⁠⁠Subscribe to Rancho Mesa's Newsletter⁠⁠.Director/Host: ⁠⁠Alyssa Burley⁠⁠Guest: ⁠⁠Josh HillProducer/Editor: Megan LockhartMusic: "Home" by JHS Pedals, “Breaking News Intro” by nem0production© Copyright 2025. Rancho Mesa Insurance Services, Inc. All rights reserved.

Seize the day with the freshest news you can use to help you conquer another active business day - from the team at BizNews and our global partners. This episode features an analysis of the Tshwane 2025 financial report released on the JSE Stock Exchange News Service yesterday. Donald Trump takes to the US national airwaves to praise Donald Trump; Institutional cash holdings at a record low (Buffett's is at a record high); hope for Arcelor Mittal and Hulamin shareholders; and more.

What's SHE Up To Now Day 2878? Roundup, Financials, Skool, Supersize And Be A Better You! Drop in to get the real scoop--the good, the bad, the ugly, the truth (well my truth anyway). https://facebook.com/beme2thrive #beabetteryouannualchallenge #supersizebusiness #skoolcommunity #supersizeyou #roundup #lessonslearned #wins #nextyearplans #financial

In this episode of the Oracle University Podcast, hosts Lois Houston and Nikita Abraham dive into Oracle Fusion Cloud Applications and the new courses and certifications on offer. They are joined by Oracle Fusion Apps experts Patrick McBride and Bill Lawson who introduce the concept of Oracle Modern Best Practice (OMBP), explaining how it helps organizations maximize results by mapping Fusion Application features to daily business processes. They also discuss how the new courses educate learners on OMBP and its role in improving Fusion Cloud Apps implementations.   OMBP: https://www.oracle.com/applications/modern-best-practice/ Oracle University Learning Community: https://education.oracle.com/ou-community LinkedIn: https://www.linkedin.com/showcase/oracle-university/ X: https://x.com/Oracle_Edu   Special thanks to Arijit Ghosh, David Wright, Kris-Ann Nansen, Radhika Banka, and the OU Studio Team for helping us create this episode.   -----------------------------------------------------   Episode Transcript: 00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started! 00:25 Nikita: Hello and welcome to the Oracle University Podcast! I'm Nikita Abraham, Team Lead of Editorial Services with Oracle University, and with me is Lois Houston, Director of Communications and Adoption with Customer Success Services.   Lois: Hi everyone! Thanks for joining us for this Best of 2025 series, where we're playing you four of our most popular episodes of the year.   Nikita: Today's episode is #3 of 4 and is a throwback to a conversation with our friends and Oracle Fusion Apps experts Patrick McBride and Bill Lawson. We chatted with them about the latest courses and certifications available for Oracle Fusion Cloud Applications, featuring Oracle Modern Best Practice and the Oracle Cloud Success Navigator.  01:08 Lois: We kicked things off by asking Patrick to help us understand what Oracle Modern Best Practice is, and the reasons behind its creation. Patrick: So, modern best practices are more than just a business process. They're really about translating features and technology into actionable capabilities in our product. So, we've created these by curating industry leading best practices we've collected from our customers over the years. And ensure that the most modern technologies that we've built into the Fusion Application stack are represented inside of those business processes. Our goal is really to help you as customers improve your business operations by easily finding and applying those technologies to what you do every day.  01:53 Nikita: So, by understanding this modern best practice and the technology that enables it, you're really unlocking the full potential of Fusion Apps.  Patrick: Absolutely. So, the goal is that modern best practice make it really easy for customers, implementers, partners, to see the opportunity and take action. 02:13 Lois: That's great. OK, so, let's talk about implementations, Patrick. How do Oracle Modern Best Practice support customers throughout the lifecycle of an Oracle Fusion Cloud implementation? Patrick: What we found during many implementers' journey with taking our solution and trying to apply it with customers is that customers come in with a long list of capabilities that they're asking us to replicate. What they've always done in the past. And what modern best practice is trying to do is help customers to reimage the art of the possible…what's possible with Fusion by taking advantage of innovative features like AI, like IoT, like, you know, all of the other solutions that we built in to help you automate your processes to help you get the most out of the solution using the latest and greatest technology. So, if you're an implementer, there's a number of ways a modern best practice can help during an implementation. First is that reimagine exercise where you can help the customer see what's possible. And how we can do it in a better way. I think more importantly though, as you go through your implementation, many customers aren't able to get everything done by the time they have to go live. They have a list of things they've deferred and modern best practices really establishes itself as a road map for success, so you can go back to it at the completion and see what's left for the opportunity to take advantage of and you can use it to track kind of the continuous innovation that Oracle delivers with every release and see what's changed with that business process and how can I get the most out of it. 03:43 Nikita: Thanks, Patrick. That's a great primer on OMBP that I'm sure everyone will find very helpful. Patrick: Thanks, Niki. We want our customers to understand the value of modern best practices so they can really maximize their investment in Oracle technology today and in the future as we continue to innovate. 03:59 Lois: Right. And the way we're doing that is through new training and certifications that are closely aligned with OMBP. Bill, what can you tell us about this? Bill: Yes, sure. So, the new Oracle Fusion Applications Foundations training program is designed to help partners and customers understand Oracle Modern Best Practice and how they improve the entire implementation journey with Fusion Cloud Applications. As a learner, you will understand how to adhere to these practices and how they promise a greater level of success and customer satisfaction. So, whether you're designing, or implementing, or going live, you'll be able to get it right on day one. So, like Patrick was saying, these OMBPs are reimagined, industry-standard business processes built into Fusion Applications. So, you'll also discover how technologies like AI, Mobile, and Analytics help you automate tasks and make smarter decisions. You'll see how data flows between processes and get tips for successful go-lives. So, the training we're offering includes product demonstrations, key metrics, and design considerations to give you a solid understanding of modern best practice. It also introduces you to Oracle Cloud Success Navigator and how it can be leveraged and relied upon as a trusted source to guide you through every step of your cloud journey, so from planning, designing, and implementation, to user acceptance testing and post-go-live innovations with each quarterly new release of Fusion Applications and those new features. And then, the training also prepares you for Oracle Cloud Applications Foundations certifications.                   05:31 Nikita: Which applications does the training focus on, Bill? Bill: Sure, so the training focuses on four key pillars of Fusion Apps and the associated OMBP with them. For Human Capital Management, we cover Human Resources and Talent Management. For Enterprise Resource Planning, it's all about Financials, Project Management, and Risk Management. In Supply Chain Management, you'll look at Supply Chain, Manufacturing, Inventory, Procurement, and more. And for Customer Experience, we'll focus on Marketing, Sales, and Service. 05:59 Lois: That's great, Bill. Now, who is the training and certification for?  Bill: That's a great question. So, it's really for anyone who wants to get the most out of Oracle Fusion Cloud Applications. It doesn't matter if you're an experienced professional or someone new to Fusion Apps, this is a great place to start. It's even recommended for professionals with experience in implementing other applications, like on-premise products. So, the goal is to give you a solid foundation in Oracle Modern Best Practice and show you how to use them to improve your implementation approach. We want to make it easy for anyone, whether you're an implementer, a global process owner, or an IT team employee, to identify every way Fusion Applications can improve your organization. So, if you're new to Fusion Apps, you'll get a comprehensive overview of Oracle Fusion Applications and how to use OMBP to improve business operations. If you're already certified in Oracle Cloud Applications and have years of experience, you'll still benefit from learning how OMBP fits into your work.  If you're an experienced Fusion consultant who is new to Oracle Modern Best Practice processes, this is a good place to begin and learn how to apply them and the latest technology enablers during implementations.  And, lastly, if you're an on-premise or you have non-Fusion consultant skills looking to upskill to Fusion, this is a great way to begin acquiring the knowledge and skills needed to transition to Fusion and migrate your existing expertise. 07:29 Have you mastered the basics of AI? Are you ready to take your skills to the next level? Unlock the potential of advanced AI with our OCI Generative AI Professional course and certification that covers topics like Large Language Models, the OCI Generative AI Service, and building Q&A chatbots for real-world applications. Head over to mylearn.oracle.com and find out more.  07:58 Nikita: Welcome back! Bill, how long is it going to take me to complete this training program? Bill: So, we wanted to make this program detailed enough so our learners find it valuable, obviously. But at the same time, we didn't want to make it too long. So, each course is approximately 5 hours or more, and provides folks with all the requisite knowledge they need to get started with Oracle Modern Best Practice and Fusion Applications.  08:22 Lois: Bill, is there anything that I need to know before I take this course? Are there any prerequisites? Bill: No, Lois, there are no prerequisites. Like I was saying, whether you're fresh out of college or a seasoned professional, this is a great place to start your journey into Fusion Apps and Oracle Modern Best Practice. 08:37 Nikita: That's great, you know, that there are no barriers to starting. Now, Bill, what can you tell us about the certification that goes along with this new program?  Bill: The best part, Niki, is that it's free. In fact, the training is also free. We have four courses and corresponding Foundation Associate–level certifications for Human Capital Management, Enterprise Resource Planning, Supply Chain Management, and Customer Experience. So, completing the training prepares you for an hour-long exam with 25 questions. It's a pretty straightforward way to validate your expertise in Oracle Modern Best Practice and Fusion Apps implementation considerations. 09:11 Nikita: Ok. Say I take this course and certification. What can I do next? Where should my learning journey take me? Bill: So, you're building knowledge and expertise with Fusion Applications, correct? So, once you take this training and certification, I recommend that you identify a product area you want to specialize in. So, if you take the Foundations training for HCM, you can dive deeper into specialized paths focused on implementing Human Resources, Workforce Management, Talent Management, or Payroll applications, for example.  The same goes for other product areas. If you finish the certification for Foundations in ERP, you may choose to specialize in Finance or Project Management and get your professional certifications there as your next step. So, once you have this foundational knowledge, moving on to advanced learning in these areas becomes much easier. We offer various learning paths with associated professional-level certifications to deepen your knowledge and expertise in Oracle Fusion Cloud Applications. So, you can learn more about these courses by visiting oracle.com/education/training/ to find out more of what Oracle University has to offer. 10:14 Lois: Right. I love that we have a clear path from foundational-level training to more advanced levels. So, as your skills grow, we've got the resources to help you move forward.  Nikita: That's right, Lois. Thanks for walking us through all this, Patrick and Bill. We really appreciate you taking the time to join us on the podcast. Bill: Yeah, it's always a pleasure to join you on the podcast. Thank you very much. Patrick: Oh, thanks for having me, Lois. Happy to be here. Nikita: We hope you enjoyed that conversation. Join us next week for another throwback episode. Until then, this is Nikita Abraham...      Lois: And Lois Houston, signing off!   10:47 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.  

Werbung | Exklusives Angebot für unsere Hörer: Testet Handelsblatt Premium 4 Wochen für 1 € und bleibt zu den Entwicklungen an den Finanz- und Aktienmärkten informiert. Mehr zum Vorteilsangebot der Handelsblatt-Fachmedien erfahrt ihr unter: www.handelsblatt.com/mehraktien Dow auf Rekordkurs – Rotation raus aus Tech, rein in Value, Financials, Health Care und Industrials. Broadcom trotz starkem AI-Ausblick unter Druck, der Markt nimmt Gewinne im AI-Trade mit. Lululemon springt nach CEO-Rücktritt und Q3-Beat zweistellig nach oben, RH legt nach gemischten Zahlen vorbörslich zu. Tilray explodiert, nachdem Berichte über eine Lockerung der US-Marihuana-Regeln kursieren. S&P 500 und Dow auf Allzeithoch, der Nasdaq hinkt hinterher – die „Magnificent 7“ verlieren etwas an Zugkraft. Kleinkapitalisierte Werte drehen auf: Der Russell 2000 markiert ein neues Rekordhoch und führt die Wochenerholung an. Der dritte Fed-Zinsschnitt des Jahres befeuert die Hoffnung auf eine breitere Jahresendrally jenseits der großen Tech-Namen. Die große Frage: Setzt sich die Marktbreite durch – oder holen sich die Anleger die AI-Highflyer schneller zurück, als viele denken? Ein Podcast - featured by Handelsblatt. +++ Alle Rabattcodes und Infos zu unseren Werbepartnern findet ihr hier: https://linktr.ee/wallstreet_podcast +++ +++ Hinweis zur Werbeplatzierung von Meta: https://backend.ad-alliance.de/fileadmin/Transparency_Notice/Meta_DMAJ_TTPA_Transparency_Notice_-_Ad_Alliance_approved.pdf +++ Der Podcast wird vermarktet durch die Ad Alliance. Die allgemeinen Datenschutzrichtlinien der Ad Alliance finden Sie unter https://datenschutz.ad-alliance.de/podcast.html Die Ad Alliance verarbeitet im Zusammenhang mit dem Angebot die Podcasts-Daten. Wenn Sie der automatischen Übermittlung der Daten widersprechen wollen, klicken Sie hier: https://datenschutz.ad-alliance.de/podcast.html Impressum: https://www.360wallstreet.de/impressum

Jason Jessup, CEO and Director of Magna Mining (TSX.V: NICU) (OTCQX: MGMNF), joins us for a Q3 financial and operations review at their producing McCreedy West copper mine, located in Sudbury, Ontario, Canada.  We also review the continued high-grade drill results across copper, nickel, platinum, palladium, gold, and silver in more recent assays returned from the ongoing exploration and development work at the Levack Mine. Additionally, we get a nice update on the development pathway at the Crean Hill Project to round out the discussion.   Q3 Financial and Operational Highlights:   The three months ended September 30, 2025 (“Q3 2025”) was Magna's second full quarter of production at the McCreedy West copper-precious metals Mine. Total ore processed in Q3 2025 was 75,215 tons from the 700 Footwall Copper Zone at a grade of 2.64% copper equivalent (“CuEq”). Quarterly production of 2.7 million pounds (“lbs”) CuEq at cash costs of US$5.10/lb CuEq was impacted by the previously disclosed compressed air system failure and power related delays, which delayed access to higher grade stopes and has since been rectified. Sustaining capital expenditures at McCreedy West totalled $4.1 million during the quarter, a 123% increase from Q2 of 2025, including $2.7 million towards critical capital development and $1.4 million in fixed and mobile machinery upgrades, focused on improving asset reliability moving forward. Underground development during the quarter totaled 1,796 feet and continues to be prioritized in Q4 to provide increased production optionality and flexibility to support a more robust operating plan in 2026. Ended Q3 2025 with a cash balance of $63.1 million and subsequent to September 30 the Company issued 14,933,518 common shares upon the exercise of warrants for proceeds of $6.0 million.   Next our conversation with Jason shifted over the workstreams building towards a mine restart plan at Levack Mine in 2026; based on the recently released resource estimate. We reviewed the steady stream of drill assays reported this year from Levack with high-grade copper, nickel, platinum, palladium, gold, and silver intercepts.  Jason highlights the optionality the different zones give the company as far as potential mine sequencing, and he notes growing value of precious metals as contributing metals credits to the project.   We discuss some of the critical zones of mineralize in areas like the No.1 to No. 2 Main area, the Morrison Footwall Cu-PGE deposit, the Keel Zone, and the footwall environment between the No.2 and No. 3 Ni-Cu Zone.  However, another newer discovery area, the R2 Zone, is quickly growing in importance as to how it could impact the early stages of mining in a development scenario; but being earlier-stage it still requires much more drilling.   Levack Exploration Highlights from the R2 Zone, released December 9th include:   FNX6083-W3   12.9% Cu, 140.7 g/t Pt+Pd+Au and 78.0 g/t Ag over 0.3 metres, And 18.6% Cu, 38.5 g/t Pt+Pd+Au and 105.0 g/t Ag over 0.6 metres FNX6083-W4   12.3% Cu, 22.2 g/t Pt+Pd+Au and 78.9 g/t Ag over 1.3 metres, FNX2026-W1    4.5% Cu, 12.4 g/t Pt+Pd+Au and 30.0 g/t Ag over 0.3 metres, FNX2026-W2   24.8% Cu, 26.3 g/t Pt+Pd+Au and 153.0 g/t Ag over 0.3 metres,  And  25.0% Cu, 34.7 g/t Pt+Pd+Au and 151.0 g/t Ag over 0.4 metres   Wrapping up we widened the scope beyond just the currently producing McCreedy West mine, and development of the Levack Mine into an upcoming production decision next year, into another flagship asset in their portfolio at Crean Hill. Jason reviews some work being completed at present by a contract with regards to water treatment, and that there are further development initiatives at Crean Hill ongoing in the background where they will be summarized for investors in the middle of 2026.      With a number of government grants and initiatives available at both the provincial and federal levels, targeting the development of critical minerals projects, Jason highlights that there could be a pathway for dual development of Crean Hill in concert with Levack over the next couple years if they were able to secure some of this non-dilutive capital, or at least an attractive cost of capital.  He reiterated that the Company maintains its ambition to become a multi-mine producer in the Sudbury Basin.   If you have questions for Jason regarding Magna Mining, then please email me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time.    Click here to follow along with the news at Magna Mining   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

In this enlightening episode, we sit down with Kelly Flowers, owner and financial coach at Eleven 14 Financials. Based out of Clarks Green and serving clients nationwide, Kelly specializes in helping individuals, couples, and professionals manage, keep, and multiply their money. We dive deep into the impact of financial education from childhood, sharing experiences, and understanding what influences our financial decisions. Kelly also discusses her transition from a 30-year nursing career to financial coaching. Tune in to learn practical advice on managing finances, the importance of teaching kids about money, and the keys to financial freedom and fulfilling life goals.If you or someone you know wants to be featured in our next podcast, message us on Facebook!

Avi Pinsky on Making Your Financials Track Client Value Creation, Five Key Business Drivers That Never Appear on Statements, and Why Smart Service Providers Still Struggle With Business Finances (The Price and Value Journey, Episode 155) Smart service providers often run profitable businesses, even very profitable ones, but often do not understand the dynamics and […]

Mike Wilson, our CIO and Chief U.S. Equity Strategist, and Dan Skelly, Senior Investment Strategist at Morgan Stanley Wealth Management, discuss the outlook for the U.S. stock market in 2026 and the most significant themes for retail investors. Read more insights from Morgan Stanley.----- Transcript -----Mike Wilson: Welcome to Thoughts on the Market. I'm Mike Wilson. Morgan Stanley's CIO and Chief U.S. Equity Strategist. Daniel Skelly: And I'm Dan Skelly, Senior Investment Strategist for Morgan Stanley Wealth Management. Mike Wilson: Today we're going to have a conversation about our views on the U.S. stock market in 2026, and what matters most to retail investors in particular. It's Monday, December 8th at 9am in New York. So, let's get after it. Dan, it's great to see you. We always talk about the markets together. I think this is a great opportunity for us to share those thoughts with listeners. Our view coming into this year is still pretty bullish for 2026. We've been bullish on [20]25 as you have, probably for, you know, similar – maybe some slightly different reasons. I think one of our differentiating views is that we do think inflation is still a major risk for individual investors. And institutional investors, quite frankly, which is why stocks have done so much better. A concept, I think you're well aware of. And I think, you know, the risk for retail is that there's going to be; it's going to be volatile. So, point-to-point, we're still bullish as you are. How are you thinking about managing that point-to-point path? And how are you structuring your portfolio as we go into 2026 with a bullish outlook – but understanding that it's not always going to be smooth. Daniel Skelly: So, like you said, we've also shared this view that next year's going to be positive, albeit there's going to be more volatility. And when I think about the two main risks that retail investors are facing today, one of them is definitely inflation. We're seeing that in services. We're seeing that in housing. We've had the labor market shrink over the recent couple of quarters, so who knows if wage inflation pops up again. But there are ways to definitely hedge against that in an equity portfolio. We think, for instance, owning parts of the AI infrastructure cohort is one of the ways of hedging, whether that be in utilities, pipelines, energy infrastructure in general. These are areas that we think are a necessary hedge against inflation risk. And number two are a positive diversifier. And second key point, Mike, just thinking about that diversification comment. Look, we all know that in many ways the Mag 7 – and the technology strength that we've seen this past year – has driven a fairly concentrated market. I think what people, particularly on the individual side, are recognizing less is just how much AI cuts across many other sectors in parts of the market. And again, we think that risk of over concentration is still out there. And we like the idea of thinking of embedding natural diversification into the equity portfolio. Mike Wilson: Yeah. I mean, it's interesting. Inflation, you know, is part of that story too because AI is somewhat disinflationary or deflationary. I think, you know, investing in things that can drive higher productivity even away from AI can mitigate some of that risk in the economic outlook. But if I think about, you know, the Mag 7 dominance, and just this concentrated market risk, which you spoke about. If inflation re-accelerates next year, which, you know, is one of our core views as the economy improves – doesn't that broaden out the opportunity set? And you know, like there's been this idea that, ‘Oh, you have to own these seven stocks and nothing else.' I mean, part of our view for next year is that we think the market's going to broaden out. How are you set up for that broadening out? And how are you thinking about picking stocks and new themes that can work – that maybe people aren't paying attention to right now? Daniel Skelly: Yeah, it's a great point, Mike. And so, on the first topic, we do think there's broadening, and that's a combination of factors. Number one is just the market becoming more convicted about the Fed cutting path, which we've talked about, and the firm's view reaffirms for next year. Number two is starting to see some of the benefits of deregulation, right, which should impact maybe some of the more cyclical sectors out there – Financials, Energy being two of them. Maybe seeing more M&A activity too as a byproduct of deregulation. And that should bode better for mid- and maybe small caps as well as they receive a M&A premia in the valuations. And I know you've talked about small caps recently in your commentary. But last point I'll make Mike, and it comes back to AI. It almost feels like AI is this huge inflationary ramp at first to get to that deflationary nirvana down the road – with productivity. I think one of the key factors we think about, in terms of a bottom-up perspective, which is what we focus on in across the portfolio, is definitely pricing power. Who owns the pricing power and the key data and the key AI adoption outlook in order to absorb all the different tools and technology diffusion we've seen in the last three years. And that's going to play out, Mike, as you well know, across a variety of sectors and themes. So, agreed, we should see broadening for all those varying reasons. Mike Wilson: So, I mean, there are a couple areas I think, where we overlap. Financials…Daniel Skelly: Yep. Mike Wilson: Industrials, Healthcare, some of the themes that I think we both; we share our bullish views. And what do you think those areas are, within those sectors? You think that you have a differentiated view maybe than the consensus being Financials, Industrials, Healthcare? That the market may be missing, which offers more upset? Daniel Skelly: Sure. I'll start with Financials, which has been an overweight call for us for some time, as I know it has for you as well. And I think that kind of cyclical re-acceleration in the economy is one part. I think the Fed cutting is another part. I think deregulation is clearly another driver. Fourth Capital Markets recovery, which we have seen now. We had a little bit of a technical lull with the government shutdown in terms of filings and issuance, but we see all of the pipeline indicators, indicating green lights for next year in terms of recovery. I think the one thing I would argue that I've observed in looking at all of our vast data sets is that despite all these different bullish factors, this still maybe has been a theme or a sector that investors have traded in and out of, right? I don't think I've even seen like a real strong, consistent overweight. So, I think number one, that's an opportunity. And last point is, listen, there's different sub-sector bifurcation going on, as you know, within the industry, whereas money centers and large banks are performing really well. The same is not the case of regionals and alts managers. And there are varying reasons for that. But we would even argue, Mike, there could be catchup trades within the sector next year. Mike Wilson: Yeah, I would agree on that. I mean, the regional over money centers and actually regionals over alt managers, because I mean – I think the Treasury Secretary has talked about this, you know. Trying to get the regulated banking system kind of back in the game may actually be an opportunity to take share back from some of those alt managers, which have actually done quite well. What about on Healthcare? We upgraded that back in the summer. I think you've been constructive on parts of Healthcare, right. Wwhat do you think people are missing there and why could that be a good sector for next year? Daniel Skelly: Yeah. We were definitely, I'll say, earlier than you and wrong. You had really good timing in terms of your Healthcare upgrade last summer. And look, the sector was out of favor for two years. What we think we observed in the kind of July-August period is: First and foremost, I think we got past the point of maximum policy concern and risk. And ironically, we saw some kind of nominal or surface level deal signed with the government around most favored nation pricing. And it was really, not a lot to write home about. It wasn't as egregious as a policy inflection as some had feared. So, I think that was the first key catalyst. Second, we just saw a really good revisions breadth. And I know this is a comment you make a lot in your work. But we saw across big pharma, tools and life science, medical technology, and devices. We saw really good positive earnings revisions coming out of third and even starting the second quarter. Thirdly, I think if you're talking about an M&A in capital markets recovery, you can't not talk about Healthcare. I think that's a space that'll be ripe for deal making. And then just fourth, right? Look, as the market broadens out, and as people are stopping or maybe slowing the crowding and the key leadership, they're going to go again from AI enablers to AI adopters. And we think AI is going to be a vector that cuts across the Healthcare industry in a really positive way. Mike Wilson: Yeah, I mean, the efficiencies that are, you know, possible in the Healthcare sector seem immense. I mean, it, it appears to me that that's going to be an area where there's probably some new solutions, some new companies we don't even know about yet. So, to me that's a very exciting area that's been dormant for quite a while. What about Consumer, Dan? It's been this K economy. It's been very bifurcated, you know, high-end versus middle-income, lower-income. I mean, what are the themes within consumer that you're finding in putting to work in your portfolio? Daniel Skelly: Yeah. We've talked a lot, Mike, in the last year or so about playing Consumer platforms, particularly domestically oriented versus global consumer brands. And there's a couple of key drivers behind that. But first, when you look at what's going on in consumer land, and Simeon Gutman's been a really good, kind of, analyst looking at this theme over time. In many ways it's starting to resemble the Mag 7 in terms of winner take all phenomena. If you look at some of the major consumer big box platforms, they're taking 50- 60 percent of share of total retail sales. Just a couple of companies. So, number one, we're really focused on platforms where market share gains, free cash flow and revenue – recurring revenue – in particular, are leading to even stronger competitive moats, particularly in a capital-intensive industry. And what we've observed about retail is that as those leaders in big box areas take more share, they can reinvest that winning capital in their advertising growth in their online channel and widen their moats even more. Secondly though, in order to have a positive theme, I've always said you got to fund it from somewhere. And so, what we've observed again over the last year or so is – when I think about some of the even highest quality global brands they've suffered seeing less traction in China. And that's amid less of a willingness from Chinese consumers to own American and European brands. There's a lot to that, but I think culturally, obviously the trade war, the AI war for prominence leading to maybe some of that lack of cultural traction. Secondly, we've also, I think, started to see the growth of AI tools start to weigh on established brands. I think what makes a brand cool and the barriers to entry in terms of creating brands is going to go down in the future because of AI influencing and advertising tools. And so, simply put, we continue to like, Mike, the big box consumer platforms across, clothing and food, housing, across e-commerce. That continues to be one of our higher conviction themes. Mike Wilson: All right, Dan, I want to come back to, kind of, AI infrastructure. I mean, AI spending has been the big, big theme. But there's other types of infrastructure spend and CapEx. It's been dormant, quite frankly, and with the [One] Big Beautiful Bill [Act] perhaps incentivizing some of that. How does that play into your thought process around other industrial stocks that could benefit? Daniel Skelly: Absolutely, Mike. You cited the AI infrastructure spending. We think continues kind of unimpeded going into next year. Number two, we think the Fed cutting, just creating better financing conditions in terms of bigger projects. You mentioned as well, the fiscal incentives. And look, I think Chris Snyder has been spot on the last year or so talking about reshoring production wins coming back to the U.S. I don't think this is certainly as cognizant on the – or on the minds of individual investors. Maybe not even institutional investors. But the U.S. is winning manufacturing production share and has been for some time. And we've seen that no doubt ramp up post the announcement of the [One] Big Beautiful Bill {Act]. No doubt. But we think that has implications, Mike, for stocks and stock picking within what we would call, kind of, shorter cycle themes. And I think whether that be in Logistics and Transports or HVAC or some of the Non-Resi, Non-Datacenter related verticals. There are a whole bunch of stocks that have been kind of dormant for two to three years as we've been in this ISM recession that we think could certainly wake up next year as things broaden out. Mike Wilson: Yeah, we would agree with that. And I guess lastly, you know, there's always this Johnny come lately, you know, fear factor of, ‘Well … stocks are up a ton. My neighbor's bragging how much money they're making. So, I must have missed it all.' And I think embedded within that is this fear of valuation. The valuations are now very rich. What's your response to individual clients about – it's not too late, they haven't missed it. It's still a bull market. In fact, we would argue a new bull market began in April with a new economic cycle. What is your response to those folks who have that angst? Daniel Skelly: Two things. One is the market today looks totally different than it did in the past, and AI is no doubt one big part of that. The composition of the market in many ways is higher quality, less debt, more recurring revenue. Big call option on productivity coming from AI earnings, power, et cetera. So, we think the market should trade at richer levels than it did in the past, point number one. Point number two, we would say whereas most people say time is your friend – for individual investors, they would also say valuation is no short term or short run indicator, but it's the best long run indicator. And looking at today's, again, extended levels of valuation relative to history – they would say that's not going to play out well over the long run. I would actually take the other side of that. I think that the earnings and the economic potential unleashed not just from AI, but some of these fiscal and monetary policies could create tremendous margin earnings potential in the long run. And so, I think today we're looking at a level of multiples that appears artificially high. And based on what could be a big earnings inflection point in that multi-year timeframe could frankly just be superficially high. Mike Wilson: Well, Dan, it's always great to get your perspective. I always enjoyed chatting with you. Daniel Skelly: Likewise. Mike Wilson: Thanks for coming on the show and sharing it with our listeners. It's great to see you. Daniel Skelly: Thanks Mike. Mike Wilson: And thanks to our listeners. Thanks for tuning in and let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out.

Today, we are breaking down one of the more impressive B2B media businesses I have come across, Doximity. It's been called “the LinkedIn for doctors.”  Jim Jones, partner and analyst at William Blair Asset Management, helped explain exactly how Doximity works as a business. Jim gets into the community engine that works for and around medical professionals. And yes, there is a social network, but it's the add-ons, such as the required continued education that doctors can complete on the platform, including script signing, and all of those little tools that make a doctor's or medical professional's life much easier. The revenue engine is advertising, and Jim delves into the nuances of how that spend works, explaining why this is the business model they've chosen. Please enjoy this Breakdown of Doximity.  For the full show notes, transcript, and links to the best content to learn more, check out the episode page⁠⁠⁠⁠⁠ here.⁠⁠⁠⁠⁠ —- This episode is brought to you by⁠⁠ ⁠Portrait Analytics⁠⁠⁠ - your centralized resource for AI-powered idea generation, thesis monitoring, and personalized report building. Built by buy-side investors, for investment professionals. We work in the background, helping surface stock ideas and thesis signposts to help you monetize every insight. In short, we help you understand the story behind the stock chart, and get to "go, or no-go" 10x faster than before. Sign-up for a free trial today at⁠⁠ ⁠portraitresearch.com⁠⁠⁠ — Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit⁠⁠⁠⁠⁠ joincolossus.com/episodes⁠⁠⁠⁠⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠). Show Notes (00:00:00) Welcome to Business Breakdowns (00:02:52) Overview of Doximity (00:03:46) Doximity's Business Model and Revenue Streams (00:07:25) History and Evolution of Doximity (00:08:33) Competition and Market Position (00:13:27) Advertising Trends and Digital Shift (00:20:20) Doximity's Financials and Profitability (00:22:39) AI Integration and Future Prospects (00:29:32) Valuation and Market Perception (00:32:40) Lessons From Doximity

At Summit, we believe salon professionals should be able to retire on their own terms. In this last episode in our Financials 101 series with CPA Chris Wittich from Boyum Associates, Chris explains why you should be saving for retirement now, even if you're working your very first job. Chris and Blake discuss retirment investment accounts for individuals like IRAs, Roth IRAs, and 401Ks. Also, did you know you can create an online account with the Social Security Administration and see how much you've been contributing in your working life so far? (We didn't!)From the salon owner perspective, we have advice on providing retirement plans for employees, and how to encourage your staff members to contribute. Find Chris Wittich and his team of salon accounting pros at salon.cpa.  Follow Summit Salon Business Center on Instagram @SummitSalon, and on TikTok at SummitSalon. SUMM IT UP is now on YouTube! Watch extended cuts of our interviews at www.youtube.com/@summitunlockedFind host Blake Reed Evans on Instagram @BlakeReedEvans and on TikTok at blakereedevans. His DM's are always open! You can email Blake at bevans@summitsalon.com. Visit us at SummitSalon.com to connect with others in the industry.

Despite disappointing economic data, treasury yield dynamics, particularly the widening 2-10 spread, are supporting financial and industrial stocks, making a year-end market grind higher plausible. Justin Bergner notes that a hawkish Federal Reserve rate cut is likely, conditioning the market for less frequent cuts. He highlights regional banks and short-cycle industrial stocks as potential opportunities, given their underperformance and improving macro indicators.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

De beursgang van OpenAI is aanstaande, maar het bedrijf wordt mogelijk ingehaald door een concurrent. AI-reus Anthropic maakt zich klaar voor een beursgang. Volgens de Financial Times heeft het bedrijf een advocatenkantoor in de arm genomen die dat moet regelen. Dat betekent voor aartsrivaal OpenAI hoor je in deze aflevering. We duiken ook op Eutelsat. Dat moest dé Europese concurrent van Starlink worden, het satellietbedrijf van Elon Musk. Beleggers hadden daar dit voorjaar nog het volste vertrouwen in: toen schoot het aandeel liefst 600 procent omhoog. Maar de Japanse investeerder Softbank zegt nu het vertrouwen op: ze verkopen de helft van hun belang. Met hun nog veel meer beleggers, want van die stijging in maart is weinig meer over. Of Eutelsat óóit nog in de buurt komt van Starlink, gaan we bespreken. Vertellen we je ook nog over de spijkerbroekenoorlog die gaande is in de Verenigde Staten. American Eagle, Levi Strauss en GAP halen alles en iedereen uit de kast om klanten te trekken. Spotjes met actrice Sydney Sweeney, zelfs een Levi's-liedje van Beyoncé: bedrijven trekken er miljoenen voor uit. En je hoort waarom de topman van een Nederlands biotechbedrijf een bonus van 205 miljoen euro op zijn bankrekening mag bijschrijven. De op één na grootste beloning voor een bestuurder van een Nederlands bedrijf ooit.See omnystudio.com/listener for privacy information.

In this company introduction, we chat with Michael Dehn, Executive Chairman of Total Metals (TSX.V:TT | OTCQB:TTTMF | Frankfurt:04N). Michael introduces the newly listed company and its portfolio of high-grade gold and VMS projects in the prolific Red Lake District. We discuss the upcoming $9 million financing designed to launch an aggressive 2026 drill program, starting in January at the Electrolode VMS project, and accelerating exploration on the newly acquired High Lake and West Hawk Lake gold assets. Multi-Asset Exploration Strategy Electrolode Project (VMS): Located strategically between Kinross's Great Bear and First Mining's Springpole. The project hosts an Inferred resource with a high-grade core of 0.5M tonnes @ 17.87% Zinc (plus Au, Ag, Cu). Drilling to test the Arrow Zone and new targets is planned to start in January 2026. High Lake / West Hawk Lake (Gold): Two high-grade gold assets recently acquired. The strategy is to leverage shallow historic drilling and high-grade resources. Operational Advantage: The projects benefit from low operating risk due to their proximity to major mining centers (Red Lake, Winnipeg) and existing infrastructure, with six mills within trucking distance for potential toll milling. Financials & Corporate Goals Financing: The Company is set to close a total financing of up to $9 million (flow-through and hard dollar) to fund the exploration budget of at least $5.5 million for 2026. Corporate Plan: Plans are in place to move to the TSX Main Board and pursue a potential dual listing on the ASX in 2026.   Click here to visit the Total Metals website to learn more about the Company.    ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Is IBC with Lafayette a good choice? In this videos, Caleb Guilliams and Alden Armstrong review Lafayette Life Insurance Company for Infinite Banking, breaking down the companies COMDEX ratings, dividend performance, best policy designs, pros and cons, and more! Want a Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity Want FREE Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vault Want Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review Want the IBC Company Guide Book: Click Here: https://bttr.ly/ibc-guide 00:00 Introduction 01:06 Lafayette Life Company Overview (History, Structure, and Financials) 02:14 Key Financial Metrics 06:00 Lafayette Life and Infinite Banking (IBC) Positioning 07:21 Lafayette Life's Product and Design Strategy 08:44 Cash Flow Design 13:24 Front-Load Design 16:30 How Loans Work with Lafayette Life 18:30 Paid-Up Additions (PUA) Flexibility 21:34 Summary of Lafayette Life (Advantages and Disadvantages) 26:22 Agent Perspective and Conclusion ______________________________________________ Learn More About BetterWealth: https://betterwealth.com ==================== DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Are you looking to save time, make money, and start winning with less risk? Then head to https://www.ovtlyr.com.Today was one of those rare trading days where everything finally lined up. After sitting in cash and waiting patiently, the portfolio goes nearly all-in across nine different stocks, all driven by market trend, sector strength, and precise options execution. This video walks you through exactly how that transition happens, step by step, in real time.It all starts at the top with the broader market. The S&P 500 trend, market breadth, and the fear and greed readings are the first gates that must open before any capital moves. Once those signals align, the focus shifts to sector rotation. Financials, real estate, and utilities rise to the top while weaker sectors get filtered out. From there, individual stocks are screened using buy signals, price location relative to order blocks, and clean technical structure.Instead of tying up massive capital in shares, this portfolio uses deep in-the-money call options as stock replacement. That allows broad diversification without overexposing the account to one ticker. ATR is used to size positions properly, so volatility controls risk instead of emotion. Every trade has defined risk before the order is ever placed.✅ How market, sector, and stock filters stack together✅ Why deep ITM calls can replace stock✅ How ATR controls position size and stops✅ Why rolling at half ATR reduces downside risk✅ How to stay disciplined when fully invested✅ Why losers are built into every winning systemYou also get a real look at how rolling works in practice. At half ATR, partial risk is removed by rolling contracts forward, which lowers exposure while keeping the trade alive. This is where the strategy becomes truly defensive. It is not about guessing where price will go next. It is about managing risk while letting probability work.This video also pulls back the curtain on what trading really looks like behind the scenes. There is no flashy shortcut here. It is spreadsheets, position sizing, stops, and rules being followed without hesitation. Managing nine positions at once is real work, and you see exactly what that workload looks like. This is the side of trading most people never show.Backtesting confirms the reality. The system includes losers by design. The power comes from cutting losses quickly while allowing winners to expand. The goal is not to win every trade. The goal is to stay consistent when emotions try to get in the way.If you have ever wondered what it actually looks like to go from sitting in cash to being fully deployed with confidence and structure, this video shows the entire process from start to finish. Everything is built around the OVTLYR ecosystem and the tools that support it.Stick around, watch how the entries unfold, and see how exits and rolling protect the portfolio after the fact. This is what trading looks like when a plan is actually being executed.Gain instant access to the AI-powered tools and behavioral insights top traders use to spot big moves before the crowd. Start trading smarter today

Nvidia has just announced a $2 billion purchase of Synopsys stock, tightening the relationship between the AI hardware giant and the leading Electronic Design Automation (EDA) company. In this video, we break down why Nvidia is betting big on its upstream partner and what this means for the future of the semiconductor supply chain.We explore the strategic reasoning behind the deal, including the acceleration of chip design using Nvidia CUDA libraries and the expansion of Digital Twin technology for factory and automotive simulations. We also analyze the impact of the Synopsys and Ansys merger, which positions the combined company as a leader in engineering simulation and Physical AI—critical for robotics and industrial equipment.Despite the bullish news, Synopsys stock has faced headwinds. We review the recent earnings challenges, including export restrictions and issues at major foundry customer Intel, which have impacted Free Cash Flow. Is Synopsys ready to return to growth? Watch our full analysis before their next earnings report.Join us with Semiconductor Insider, sign up on our website: www.chipstockinvestor.com/membershipSupercharge your analysis with AI! Get 15% of your membership with our special link here: https://fiscal.ai/csi/Sign Up For Our Newsletter: https://mailchi.mp/b1228c12f284/sign-up-landing-page-short-formChapters:00:00 - Nvidia Invests $2B in Synopsys 01:13 - The EDA Supply Chain Role 02:50 - Digital Twins & CUDA Libraries 03:40 - Ansys Merger & Physical AI 05:54 - Is Synopsys a Quantum Play? 07:44 - Financials & Intel Headwinds 08:50 - Valuation & Future OutlookIf you found this video useful, please make sure to like and subscribe!*********************************************************Affiliate links that are sprinkled in throughout this video. If something catches your eye and you decide to buy it, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction!Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.#Nvidia #Synopsys #Semiconductors #StockMarket #Investing #DigitalTwins #AI #QuantumComputing #EDA #TechStocks #Ansys #FinanceNick and Kasey own shares of Nvidia and Synopsys

Mark Brennan,  Founder, CEO, and Director of Cerrado Gold Inc (TSX.V: CERT) (OTCQX: CRDOF), joins me to review their Q3 2025 financial and operational metrics at the producing Minera Don Nicolas (MDN) gold mine in Argentina. We discuss the aggressive 70,000 meter exploration program on tap for MDN into 2026, and unpack the key upcoming development catalysts at the Lagoa Salgada VMS Project in Portugal and the Mont Sorcier Iron-Vanadium project in Quebec.   Q3 2025 Financial Highlights Gold equivalent production of 13,832 Gold Equivalent Ounces (“GEO”) vs 11,437 GEOs in Q2 2025 (+21%) at an AISC of $1,915/oz Adjusted EBITDA of $11.8 million for Q3 2025, and Cash at $16.5 million Partial hedge expires end December increasing future gold sale prices Full year guidance of 50,000-55,000 GEO maintained: Heap leach production growing as expanded crushing capacity and improved recoveries result in another record of quarterly production of 10,429 GEO (+33% vs Q2) Q4 Underground mining production ramping up with underground development at Paloma advancing, and three access portals targeted to reach production stopes by year-end. CIL plant starting to receive ore from underground development, production expected to ramp up in Q4/2025 as higher-grade underground material supplants lower grade stockpile feed in the mill 20,000 meter exploration program expanded by 50,000 meters to a 70,000 meter surface program, with additional rigs to arrive in the fourth quarter   Mark and I review their Minera Don Nicolas producing gold project in Argentina, and the record heap leach gold equivalent ounce production for the quarter. There is expanded and improved crushing capacity at the heap leach, from the newly installed secondary crusher, and this will continue to be impactful on a move-forward basis in Q4 and beyond, with the quantity of ore being placed on the pad having increased, and with it helping to reduce down unit costs in the latter part of H2 2025.   Next we unpacked the growing value proposition at the Lagoa Salgada VMS Project  in Portugal, with a Post-tax NPV of US$147 million and a 39% IRR in the current Feasibility Study. This Project adds both substantial precious metals resources along with critical minerals exposure (42 % Gold & Silver, 24% zinc, 14% copper, and 5% tin) to the future production profile.  We also discuss the various work streams leading to optimized Feasibility Study in Q4, a construction decision by mid-2026, and with first production slated for early 2028.   We wrap up discussing the underappreciated value and ongoing derisking work that is moving towards a Bankable Feasibility Study which has been moved back to Q2 of 2026 at the Mont Sorcier Iron Project in Quebec. Recent metallurgical test work, has reaffirmed the potential to produce high-grade and high-purity iron concentrate grading in excess of 67% iron with silica and alumina content below 2.3%.     If you have questions for Mark regarding Cerrado Gold, then please email those to me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Cerrado Gold at the time of this recording, and may choose to buy or sell shares at any time.   Click here to see the latest news from Cerrado Gold.   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this episode of "Ag Credit Set It," host Phil Young dives deep into the intricacies of year-end financial preparation with special guest Nathan Buzard, a seasoned credit analyst at AgCredit. Discover why year-end financials are crucial for farmers and lenders alike, and learn how to effectively prepare your balance sheets, earning statements, and year-end questionnaires. Nathan shares expert insights on the importance of accurate financial reporting, the difference between cash and accrual accounting, and common pitfalls to avoid. Whether you're a seasoned farmer or new to the field, this episode offers valuable strategies to enhance your financial acumen and ensure a prosperous future for your farm. Tune in to gain a comprehensive understanding of how detailed financials can influence loan approvals and credit limits, and why regular communication with your lender is key to financial success.   Show Notes:   Connect with AgCredit on Facebook, Twitter and Instagram Share questions and topic ideas with us:Email podcast@agcredit.net

NASCAR's Antitrust case explodes: leaked texts, insults, secret plans, and money numbers NASCAR definitely didn't want anyone to see. We dig through the newly released documents from the NASCAR lawsuit. Plus: team and sponsor news.The Rundown:- Lawsuit Bombshells:- Spire's Jeff Dickerson looks suspiciously like NASCAR's inside man- Richard Childress gets called out in a few hilarious ways- Put a knife in SRX? ESPN did that, instead- Owners as stupid, short sighted, and self-serving. One of those things they actually should be- RTA explored launching its own SRX-style breakaway series- Financials release - including Chicago Street Race losses, and Team balance sheets- Charter Sales: from $1M in 2016 to $40M in 2024- NASCAR tries to block MJ, Hamlin & Polk from being in the room- Silly Season & Sponsor News:Find the latest episodes at InTheDraftShow.com, follow on Bluesky and Instagram @InTheDraftShow – and like the show on Facebook at facebook.com/InTheDraftShowThanks for listening!

James Anderson, CEO of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF), joins me to highlight their recently announced transformational acquisition of the Bolanitos Gold-Silver Mine from Endeavour Silver, and to review the key takeaways from Q3 2025 operations and financials.  We also end the discussion getting his technical outlook on the recent price action, and supply/demand fundamentals for silver.     On November 24th Guanajuato Silver announced that it had entered into a definitive agreement to acquire the Bolanitos gold-silver located in Guanajuato, Mexico, from Endeavour Silver Corp. (TSX:EDR) for total consideration of up to US$50 million, consisting of (i) upfront consideration at closing of US$40, which is comprised of US$30 million in cash and US$10 million of Guanajuato Silver common at a deemed price of US$0.2709413 (Cdn$0.3815) per share. (ii) In addition to the Upfront Consideration, Guanajuato Silver will make two contingent payments to Endeavour, each being US$5 million, upon achieving production of two million ounces of silver-equivalent and four million ounces of silver-equivalent, respectively. Each Contingent Payment will be satisfied 50% in cash and 50% in Guanajuato Shares.   Bolanitos Acquisition Highlights   Bolanitos will be Guanajuato Silver's 5th producing precious metals mine in Mexico. Upon the completion of the Transaction, the Company will operate three primary silver mines (Topia, Valenciana, and El Cubo) and two primary gold mines (Bolanitos and San Ignacio). 2024 Production at Bolanitos totaled 2,471,027 silver-equivalent (AgEq) ounces from 427,646 tonnes grading 39 g/t silver and 1.98 g/t gold for 452,627 ounces of silver and 25,230 ounces of gold. Silver and gold recoveries were 84.4% and 92.7% respectively. AgEq calculated at 80:1 silver to gold ratio (see Endeavour MD&A for the year ended December 31, 2024). The acquisition of Bolanitos significantly increases Guanajuato Silver's resource base, adding in approximately 25 million silver equivalent ounces. The incorporation of the San Ignacio Mine into the Bolanitos Mines Complex is expected to rapidly generate improved economics and expanded mine life; mineralized material mined at San Ignacio will now be transported to the nearby 1,600 tonnes per day Bolanitos flotation plant; as Bolanitos and San Ignacio are contiguous to one another, this is expected to dramatically reduce transportation costs and increase utilization at the Bolanitos mill. The Transaction also includes the acquisition of the historic Cebada mine, which is located contiguous and to the north of theCompany's Valenciana Mines Complex (VMC). The Company intends to reactivate Cebada, which is currently on care and maintenance, as an important exploration and development project.   Selected Q3 2025 Operational and Financial Highlights:    Working capital improved over the quarter by $11.3M or 168% compared to Q2; working capital for Q3 2025 was $4.6M compared to negative $6.7M in Q2 2025. The Company reported positive operating cash flows of $3,065,567 for the first nine months of 2025; in Q3 the Company generated positive cash flow from mining operations of $712,271 with realized metal prices of $39.03 for Silver and $3,441 for gold. Production for the quarter of 457,525 silver-equivalent ounces (AgEq) comprising 245,369 ounces of silver, 2,025 ounces of gold, 597,269 pounds of lead and 741,595 pounds of zinc. Silver equivalents are calculated using an 87.70:1 (Ag/Au), 0.02:1 (Ag/Pb) and 0.03:1 (Ag/Zn) ratio for Q3 2025. Increased capital expenditures over the quarter are expected to generate improved efficiencies into 2026. Capital expenditures were 97% higher in Q3 over Q2. The investments included additions to the mining fleet, relining of Mill 3 at El Cubo, continued work to install a Falcon gravity concentrator at the Topia plant designed to further increase gold recoveries in concentrates, pre-development work at Pinguico, and dewatering programs at both Valenciana and El Cubo.   Wrapping up James and I discuss the continued bullish technical setup in the silver price, closing this last Friday at an all-time high, and breaking well above long-term resistance at $50, and even more intermediate-term resistance around $54.   James lays out the fundamental supply/demand environment for silver, and why the framework is there to keep seeing elevated silver prices moving forward.   James also gives listeners an update on the gold:silver ratio, putting current pricing in the context of historical patterns.       If you have any follow up questions for James on Guanajuato Silver, then please email them into me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Guanajuato Silver at the time of this recording and may choose to buy or sell shares at any time.   Click here to follow the latest news from Guanajuato Silver   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

As promised in the last episode, I turn the tables on my client and fellow business owner Jen McAllister to explain how her team of CPAs and Accountants deliver everything for small to medium sized businesses. She's passionate about helping businesses clean up the books, get more tax efficient and grow.  Listen in to see if this tremendous team is right for your business.   Highlights Preparing assets for sale Value by strategic design The role of family and business in the U.S. Evolving with client needs Year-round business immersion Bookkeeping vs. strategy Financials: not just numbers When to bring in external help Scaling with flexible teams The importance of exit planning Helping businesses grow up Maintaining quality of life in ownership Hiring strategically for growth   Links and Resources from this Episode Connect with Gary Pinkerton https://www.paradigmlife.net/  gpinkerton@paradigmlife.net https://garypinkerton.com/  https://clientportal.paradigmlife.net/WealthView360  Connect with Jen McAllister https://riseaccountingllc.com/about/  https://exit-planning-institute.org/about-us  jen@riseaccountingllc.com  Review, Subscribe and Share If you like what you hear please leave a review by clicking here   Make sure you're subscribed to the podcast so you get the latest episodes. Subscribe with Apple Podcasts Follow on Audible Subscribe with Listen Notes Subscribe with RSS  

Send us a textIn this deep-dive episode, Lauren Torres gives a break down on the exact process we use to review an asset's monthly financial package. Whether you're an owner, asset manager, or investor wanting to sharpen your financial oversight, this episode gives you a clear framework for understanding what the numbers are really telling you. You'll learn how to interpret each component of the financial package, including what makes a variance material on the budget vs. actual, how to quickly calculate  key performance indicators, identify trends on the T-12, and spot potential cash issues on the balance sheet. We'll cover what healthy trends to look for, which red flags deserve immediate attention, and what "story" the financials are telling you. 

New reports say Meta is in talks with Alphabet to use Google's AI chips in its data centers. Another catalyst for the company which is gaining traction in the AI trade. Then growing chances of a December rate cut. How comments from Fed officials are changing market sentiment. And Nvidia pushing back against claims of a shorter shelf life for its chips. A look at a private memo sent to wall street analysts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of “At Your Convenience,” CSP Editor Rachel Gignac talks to Abigail Cerra, director of marketing at Chestnut Market, New Paltz, New York. They talk during CSP's C-Store Women event, which was held Nov. 3-5 in San Antonio.Cerra talks about the importance of understanding the financials behind business decisions. She and Gignac discuss how leaders in the convenience-store industry can read early financial signals, leverage data to make smarter choices and navigate the evolving landscape of digital payments, self-checkout and delivery. Cerra also shares practical advice for emerging leaders on strengthening their financial intuition and spotting the story behind the numbers in their own organizations.

Is it time to look past the AI bubble and focus on the infrastructure actually securing it? Today, we're pivoting to a top secular growth trend: Cybersecurity.With the industry projected to grow 12% annually and hit $215 billion in spending by 2025, Palo Alto Networks (PANW) is making aggressive moves to dominate the landscape. We discuss their M&A strategy—including the purchase of Chronosphere and the pending CyberArk deal—and what this means for their entry into the cloud observability market against competitors like Datadog and Dynatrace.In this video, we cover:-- AI-Native Security: Why AI agents and cloud workloads are driving the next wave of IT spending.--The Financials: a breakdown of PANW's cash pile, revenue acceleration, and rising stock-based compensation.-- Valuation Check: With the stock trading around 30-33x Free Cash Flow, is Palo Alto Networks a buy, a hold, or just fair value?.We analyze whether this cybersecurity giant can execute on its "platformization" strategy and if the recent sell-off offers a prime entry point for investors.Tickers mentioned: PANW,CYBR,DT,DDOG#PaloAltoNetworks #Cybersecurity #StockMarket #Investing #PANW #CloudSecurity #AIStocksJoin us on Discord with Semiconductor Insider, sign up on our website: www.chipstockinvestor.com/membershipCharts & Data provided by fiscal.ai. Get 25% off any paid plan (Nov 26 - Dec 1) using our link: https://fiscal.ai/csi/Sign Up For Our Newsletter: https://mailchi.mp/b1228c12f284/sign-up-landing-page-short-formIf you found this video useful, please make sure to like and subscribe!*********************************************************Affiliate links that are sprinkled in throughout this video. If something catches your eye and you decide to buy it, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction!Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.Nick and Kasey own shares of Palo Alto Networks

 In this week's episode, Ian McMillan and Kevin Firari discuss the price action following Nvidia earnings, reinforcement of key price levels for the S&P 500, rotation into later-cycle sectors like Healthcare, Energy, and Financials, Fund Manager Survey cash levels, the VIX, and what we could see play out to end 2025. 

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why he continues to hold on to an out-of-consensus view of a growth positive 2026, despite near-term risks.Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today I'll discuss our outlook for 2026 that we published earlier this week. It's Wednesday, Nov 19th at 6:30 am in New York. So, let's get after it. 2026 is a continuation of the story we have been telling for the past year. Looking back to a year ago, our U.S. equity outlook was for a challenging first half, followed by a strong second half. At the time of publication, this was an out of consensus stance. Many expected a strong first half, as President Trump took office for his second term. And then a more challenging second half due to the return of inflation. We based our differentiated view on the notion that policy sequencing in the new Trump administration would intentionally be growth negative to start. We likened the strategy to a new CEO choosing to ‘kitchen sink' the results in an effort to clear the decks for a new growth positive strategy. We thought that transition would come around mid-year. The U.S. economy had much less slack when President Trump took office the second time, compared to the first time he came into office. And this was the main reason we thought it was likely to be sequenced differently. Earnings revisions breadth and other cyclical indicators were also in a phase of deceleration at the end of 2024. In contrast, at the beginning of 2017—when we were out of consensus bullish—earnings revisions breadth and many cyclical gauges were starting to reaccelerate after the manufacturing and commodity downturn of 2015/2016. Looking back on this year, this cadence of policy sequencing did broadly play out—it just happened faster and more dramatically than we expected. Our views on the policy front still appear to be out of consensus. Many industry watchers are questioning whether policies enacted this year will ultimately lead to better growth going forward, especially for the average stock. From our perspective, the policy choices being made are growth positive for 2026 and are largely in line with our ‘run it hot' thesis. There's another factor embedded in our more constructive take. April marked the end of a rolling recession that began three years prior. The final stages were a recession in government thanks to DOGE, a rate of change trough in expectations around AI CapEx growth and trade policy, and a recession in consumer services that is still ongoing. In short, we believe a new bull market and rolling recovery began in April which means it's still early days, and not obvious—especially for many lagging parts of the economy and market. That is the opportunity. The missing ingredient for the typical broadening in stock performance that happens in a new business cycle is rate cuts. Normally, the Fed would have cut rates more in this type of weakening labor market. But due to the imbalances and distortions of the COVID cycle, we think the Fed is later than normal in easing policy, and that has held back the full rotation toward early cycle winners. Ironically, the government shutdown has weakened the economy further, but has also delayed Fed action due to the lack of labor data releases. This is a near-term risk to our bullish 12-month forecasts should delays in the data continue, or lagging labor releases do not corroborate the recent weakness in non-govt-related jobs data. In our view, this type of labor market weakness coupled with the administration's desire to ‘run it hot' means that, ultimately, the Fed is likely to deliver more dovish policy than the market currently expects. It's really just a question of timing. But that is a near-term risk for equity markets and why many stocks have been weaker recently. In short, we believe a new bull market began in April with the end of a rolling recession and bear market. Remember the S&P [500] was down 20 percent and the average S&P stock was down more than 30 percent into April. This narrative remains underappreciated, and we think there is significant upside in earnings over the next year as the recovery broadens and operating leverage returns with better volumes and pricing in many parts of the economy. Our forecasts reflect this upside to earnings which is another reason why many stocks are not as expensive as they appear despite our acknowledgement that some areas of the market may appear somewhat frothy. For the S&P 500, our 12-month target is now 7800 which assumes 17 percent earnings growth next year and a very modest contraction in valuation from today's levels. Our favorite sectors include Financials, Industrials, and Healthcare. We are also upgrading Consumer Discretionary to overweight and prefer Goods over Services for the first time since 2021. Another relative trade we like is Software over Semiconductors given the extreme relative underperformance of that pair and positioning at this point. Finally, we like small caps over large for the first time since March 2021, as the early cycle broadening in earnings combined with a more accommodative Fed provides the backdrop we have been patiently waiting for. We hope you enjoy our detailed report published earlier this week and find it helpful as you navigate a changing marketplace on many levels. Thanks for tuning in. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Today we are breaking down GE Aerospace. We did cover GE several years ago, but that episode focused on Larry Culp's turnaround of the conglomerate.  Ramesh Narayanaswamy, co-founder and portfolio manager of Tourbillon Partners, joins me to explore what is now a pure-play aerospace business. We discuss the unique dynamics of the aerospace supply chain and the long-cycle nature that differentiates this industry. We also explore the complexity of aircraft engine manufacturing and how GE exemplifies the powerful model of selling services attached to equipment. Please enjoy our conversation on GE Aerospace. For the full show notes, transcript, and links to the best content to learn more, check out the episode page⁠⁠⁠⁠⁠ here.⁠⁠⁠⁠⁠ —- This episode is brought to you by⁠⁠ ⁠Portrait Analytics⁠⁠⁠ - your centralized resource for AI-powered idea generation, thesis monitoring, and personalized report building. Built by buy-side investors, for investment professionals. We work in the background, helping surface stock ideas and thesis signposts to help you monetize every insight. In short, we help you understand the story behind the stock chart, and get to "go, or no-go" 10x faster than before. Sign-up for a free trial today at⁠⁠ ⁠portraitresearch.com⁠⁠⁠ — Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit⁠⁠⁠⁠⁠ joincolossus.com/episodes⁠⁠⁠⁠⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠). Show Notes (00:00:00) Welcome to Business Breakdowns (00:01:52) Overview of GE Aerospace (00:04:01) Commercial Jet Engines: Market and Segments (00:08:16) Military and Defense Applications (00:10:07) Financials and Revenue Streams (00:15:57) The Legacy and Transformation of GE (00:20:31) Jet Engine Industry and GE's Role (00:22:04) Challenges and Partnerships in Jet Engine Manufacturing (00:28:39) Revenue Models and Customer Segments (00:30:29) Understanding the OE and Aftermarket Revenue Models (00:31:50) The Profitability of Aftermarket Services (00:34:25) Revenue Models in the Aftermarket (00:36:11) Growth Strategies and Market Dynamics (00:39:38) Impact of Economic Cycles and Resilience (00:43:33) Capital Intensity and Return on Capital (00:47:12) Competitive Landscape and Technological Risks (00:55:07) Valuation Approaches and Market Perception (00:57:39) Key Takeaways and Lessons from GE

Revamping your financials is as easy as … Kiera shows off her savvy financial skills by sharing what it takes to know what's being spent in your practice. Her spreadsheet tips will answer such questions as: What can be cut? How can you make sure your overhead is in check? What do you need to produce? And much more. Want a sample spreadsheet to get started? Email hello@thedentalateam.com.  Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: Kiera Dent (00:00) Hello, Dental A Team listeners, this is Kiera and I hope you're just having an amazing day. Like a great, great, great, incredible day. ⁓ just, today's topic is one that makes me excited and it's so dry and boring, ⁓ but I love it. And I'm like, that's probably a buzzkill for the podcast, but you know me, one of my core values is fun. And Dana, shout out to Dana, DanyDane over there.   ⁓ She gave me one of the best compliments. We do a thing on Wednesdays called core value shout out in our company. And I will tell you if you do not have this in your company, I would strongly advise you do this. What we do is every single Wednesday, our company goes and our whole team says that this is our favorite. You guys, we have gone from a very small team to a much larger team and we still do this. So just know small teams, big teams, it is doable and it is very   relevant and very essential. And I think it just goes so well. I am okay to take a little bit longer on this morning huddle because of how good it is. so core value shout out is where we just randomly will pick somebody and then it's popcorn after that. So they'll choose the next person. So for example, we would start and I would say, okay, Shelbi starting today and everybody chooses somebody on the team and they highlight them for a core value and it has to be a core value. It has to be something specific. And so Dana gave me one of the greatest compliments.   She said, Kiera, she said she wanted to give me the core value of fun, because fun is really one of our core values. And she said, I want to give it to you for fun, because she said a lot of times topics that are so hard ⁓ or things that people wouldn't necessarily find fun. She said, you just know how to sprinkle the fun and the confetti and the glitter and make things that are hard or something that teens wouldn't want to do or doctors wouldn't want to do.   you make them really fun. And honestly, that has stuck with me. It is a few days later since she gave me that compliment and I'm still remembering it. So not only is core value shout out day amazing, it also helps you just enjoy and to have like, to be happier. ⁓ It also infuses core values into your company. And I'm excited and grateful that I'm able to bring fun things to the podcast, a dry topic. I hope I've teed this up enough to where you're excited about it.   But this is, think, the discipline side of business of owning a dental practice that you need to do. And this is really, think, for office managers or billers and doctors. And this is something that I think will give you so much confidence. it came actually from our doctor mastermind. We have ⁓ a private doctor only mastermind that we run every single month. It's a virtual one. And then we do an in-person one ⁓ that's more for doctor and leadership teams. But our monthly one, call it Think Tank, and it's on the first Tuesday of every month. And a doctor was saying, she's like,   I just don't know where to cut. I said, send me your PNL and tips like, and she's going to want your credit card statement and she's going to want all your stuff. And while yes, I am obsessive on this. have helped family members. I've helped offices. I've helped myself. something that I will like toot my own horn on it. I actually think I'm very talented with money, with saving, with figuring out solutions and helping people understand where you can cut. This podcast also came about because this morning on my, ⁓ Shelbi Britt and I were meeting and we were literally going through.   our finances to see where could we maybe squeeze the tube of toothpaste a little bit more, where could we maybe change a few things. And I think that that's just so relevant and so helpful. And so this is something I do in my day in day out life. It's something that I think for you to go from chaos and lack of financial clarity to confidence is something that I really want to just bring to the table today on the podcast. If you're new to Dental A team, welcome. We are obsessed about helping you have your best life and ⁓ doing it in a fun, easy way through dentistry. And so   helping you with our yes model. So you as a person getting your life, your vision, all of that in place, then moving into earnings. So ⁓ financially, that's the piece today. And then using those financial pieces. So your analytics, your PNL, your overhead to also help us figure out what systems and team development need to go into place to make sure you have this thriving practice. Because honestly, I believe that being successful, being a successful dental practice does not have to be hard and it can actually be easy. So that's what we're here for today. ⁓ With that.   So today it's going to be like, how do you actually like figure out your costs? So I did this a long time ago and then I like met a lot of really smart financial people. I'm not a financial advisor. I will throw that out there. So just make sure you talk to them and you have your, ⁓ like you chat with them of what's best for your state, but I will teach you how I do it. This is annoying. It's a little cumbersome, but people love to hear like, how do you actually do this? I'm always like, how do people get like jacked? Like how do they work out? Like.   me like what time do you work out like what do you do for your nutrition and just so I understand the full landscape and then I'm going to pick and choose of what's going to work well for me that I'll actually implement so hopefully that will be effective for you today as well.   So this is what we do. I have a spreadsheet that I have for monthly costs. We do this with all of our clients too. So if you're like, this feels too hard, don't worry, join the Dental A Team. We'll help you get it put together. So we have a monthly cost. And what I do is on the monthly costs, and this is probably my most visited spreadsheet of my entire company. And I'm super excited because we're bringing in another team member who does financial.   Forecasting and has a whole background in finance. So my method might get revamped to 2.0 and there's always another layer. But what I have is I have on our monthly costs, I have all the salaries and all of the pay. Now for offices, I do include doctor pay. Again, I'm not a CPA and I do believe that doctors should be paid. So I put in either your W-2 salary and or your doctor compensation of 30%. Now I do lose numbers. So our consultants are paid very similar to how doctors are paid.   ⁓ And so you can get a general idea. So mine are general ideas. It's not my highest month. It's not my lowest month. It's the average is what I've selected to do for these costs. So again, this spreadsheet will not be absolutely perfect, but I think it's a really great tool to figure out what can I cut? How can I make sure my overheads in check? What do I need to produce? How do I basically figure out my BAM, my bare ACE minimum in a company? And so that's what we're gonna be looking at. So with that, I first list all the salaries and...   I want everything in there. And then what I have is a current. So I'm gonna have a current and then I'm also going to have like a future. So for example, if you're planning to hire somebody, but they're not hired yet, that's something that you're going to wanna know, what is my cost now? And what is going to be the future cost? Because those two things are actually different numbers. And so for me, it's really helpful so that I can look at you guys honestly.   When I started this, had like three team members and now we have tons of team members on there and outsource people and virtual assistants. And ⁓ the list just gets bigger and bigger and bigger. I can go back and I can look at things that we've done before. And so mine's on Google Sheets. And again, we've built one of these and I'm even happy to share, reach out, Hello@TheDentalATeam.com. But this is something, so I go through all the salaries. And then for me, ⁓ if you do health insurance or you do a health stipend or whatever it is, you add that in.   as well, but then what I do, and again, talk to your CPA, see what your payroll tax are. For me, I just estimate 10%. I always like to air higher. So you will notice in all of my projections and everything I do, I'm going to always air higher than it actually is rather than lower. And so just looking at that, just so you know, that's how I do. So my CPA told me 10%, we have business in four different states. I think we're actually up to five now.   So I estimate high, no matter what state they're in, I just do a 10%. So I'll do my total salaries of the month, an estimated 10 % payroll. And then I've got that in there, my total payroll. Then we have our health stipends or health insurance, our 401k costs in there, how much it costs me per user, what the 4 % is. I actually go grab people's salaries and their bonuses, put it in there. So I have a pretty good idea. Then what I do is I check every single month to see based what I have here, is that close?   to what I'm actually paying or is it not? I know some of you might be like, well, here, I just get it from my CPA, I get a P &L. I agree, but this is a good checks and balance between my CPA and myself. And also when I'm trying to project and forecast, can I add people in? How much is this gonna have? Where can I cut? If I can see it all line itemed out, it's actually for me at least much easier for me to see what are all my costs and where can I squeeze the tube of toothpaste to get a little bit more ⁓ toothpaste out of that tube or a little more juice out of the lemon.   So that's what I have. And then what I have down below is like outsource. So if you've got VAs or you've got ⁓ different people that are contractors or things like that, I have that in there and that one EBS and flows mostly that hangs in my marketing department. That's where I have a lot of those. And then also VAs and EAs that'll be in there that are virtual assistants that are through other companies. So they're not running on my payroll, but they are down there. Like I have some consultants on there. I've got some coaches on there that will be in that section for me. But those again are not up in that payroll section because I'm not paying that.   payroll tax on them and I'm also not 401k on them, but that helps me see how much am I paying in outsourced resources to see should I cut that, should I keep that, how much do I have on the top, is my payroll heavy. You also can break this down by department. So you can see how much am I paying in my hygiene department, are they offsetting, how much am I paying my doctor department, my front office department, all those different departments. If you want to get even more granular, you can. And then below that, I have all of the office expenses and this is something really great.   This year Britt she ⁓ 2.0'd us and she put in their end of year expenses because there's a lot of things that I just pay at the end of the year that are annual subscriptions that will save money on but the reality is I should probably be saving that money throughout the year, right? Because every single month there would be an expense allocated if I didn't pay it annually. So we should be adding that in so we're saving for that. We're preparing for that for the end of the year. We have different things in there. So like all of our subscriptions that we have you might have Netflix, you might have Audible, you might have   Canva for marketing, ⁓ ChatGPT if you're paying for those subscriptions, anything. And I'm constantly updating this like as you hear ChatGPT and how many do we have for that? ⁓ We use our project management software is on there. I also know that every single month I have a budget allotted for employee gifts and anniversaries. And so we have an allotment of how much we spend. I do double check this, but I try to break it down. Also I have in there my merchant fees and how much my merchant fees are on average.   ⁓ And I literally list everything out. So whether it's personal, because like Audible and my phone, I do have those on there. Those are personal things for me that do run through the business, but there's still business expenses that will need to be on there. ⁓ And then we've got our bookkeeping and our accounting or CPA, our lawyers, all of that in there. If you have vehicles that your CPA said is okay for you to run through, all of that, your rent, your mortgage, your supplies, your internet, all of that in there.   to where at the bottom of this list, you can get a complete grand total for the month. And what's really awesome about that, you can actually break it apart so you can have doctors where they're not in there. This then tells you basically your BAM, your bear ace minimum. And then what we can do from there is we can figure out what you need to produce to be able to hit. So hopefully all that was like not too much. just rattle, I'm like literally looking at my spreadsheet as I'm telling you this, all of that. Then below that, we're gonna wanna also add in debt services because debt services are also going to hit your cashflow side of it.   So when you have these two tools together, then you can figure out what's bam, my bare ace minimum, what's my overhead and then what can I cut and then what do I need to produce? Then we can figure out what we need to produce with block schedules. There's like a whole other zone, but back to the client's question. She said, I don't even know what to cut. So today me and our leadership team, we were going through this and we literally looked to see, okay, what's on our office expenses? And I know this sounds so dumb and so like trite.   but I think it's the discipline of knowing how to do this because you better believe when I'm looking at my monthly expenses, which are outlandish and they're very high. When I look at this, saving 40 bucks a month is not like, it's truly a literal spit in the bucket. But when I think about it, it's $40 here, it's $20 there. It's just like your credit card statement at the end of the month. I'm always shocked at how much is on there and it's $20 on Amazon here, $30 over here.   $20 there and all those $20, $30 purchases add up to multiple thousands of dollars every single month. So when we look at this, I look at every single office expense and I'm like, okay, is Adobe something that we need? And this was actually a catch that we had. I was like, we're paying $65 a month for Adobe. Do we still need the entire suite? The answer is no, we don't. We only need it for a small thing. And then we started thinking like, softwares are evolving. So we're like, does G Suite ⁓ actually cover that? Or...   does another one of our subscriptions cover it? Because so many times our subscriptions that we're paying are like duplicates of something else. G Suite has expanded and I'm like, do we still need to use boomerang? I use boomerang all the time. I love boomerang so much, but I'm like, has G Suite evolved to where they have something comparable to it that we could cut the boomerang is 120 bucks a month for us. And Shelbi was like, wait, not all of our team members, like our marketing team does not use boomerang. They're not doing client facing emails. They rarely are in their inbox. They're in Slack all the time.   she's like, what if we reduce the number of people on boomerang that would actually cut our costs down. So again, it's this like fine tuning revolving through it looking, do we need this? Could we reduce this? Do we need to, are all the people that were still on there, do we still need to pay for all those people? Could we change it to this? Are we still gonna be here for that? And you go through and you literally ask, is this a want, a need, or is there a better way that we could spend our money on this? And again, I know it sounds so dumb. Like this, this is not fun.   This is not something that I'm excited to share with you on a podcast, but I'm so excited because the discipline of doing this, the doctor, the reason it came up is because she wants to sign up for AI, ⁓ Pearl or Overjet. Back and forth, we talked about it at length of which one's better. This is why I love our Dr. Mastermind. And it's about $130 a month. And she just like, I'm so sick of these subscriptions. And I'm like, well, go get rid of Netflix or go get rid of one of these things or don't have all the beverages in the   in the refrigerator, maybe just choose one of them. Like there's so many things like, but this is where you look at your list because you have your entire list in front of you. And my office expenses right now, and this is where I look at my credit card. I look at every single thing on there. Right now we have 39 different things that we pay for of monthly subscriptions or annual subscriptions, different things. It's got our insurance policies on there. And then what I can do is I can come in and assess and say, okay, of all these high expenses, like if I need to cut expenses very quickly,   I could look to see, all right, my highest hitters are XYZ. This one's $500, this one's $1,000. Do I still need these? Are we still using them? Is there a cheaper competitor that I could switch to? Where am I at? And all these things. What I love about this is it helps you just look to see where your money's going because at the bottom it has a grand total. And then what's nice is I then can look to see, is this grand total what my CPA is telling me I'm spending every single month? Do they line up?   And if not, where's the discrepancy and where is it? I also can look at future things. if I'm going to be increasing or I'm going to be adding team members or we're going to be looking to add say another subscription or another piece, what is that going to change my monthly amount? And am I okay on my production and collection side to be able to afford it? So many people are like, I talked to my CPA to see if I can afford it. And I want to just say that yes, it's great to have a CPA there. It's also better to know instead of being like a parent child.   if you can spend it. I want my CPA to give me my books, my reconciliation. I want them to talk to me about my tax strategy, but I don't want them to be the ones telling me, can I afford something or can I not? I wanna go to them and say, I know I can afford this. This is what I think. Do you think it's a good idea? Then I'm counseling with them rather than being told. And this goes for all of my executive board. I want to know as much as I possibly can. So that way when I show up, like even financial advisors, even my...   My lawyers, like I do a lot of research before I go into those because I don't want to just blindly follow. I want to actively participate. So we're making the best decisions. I believe they're all in the best interest. I don't believe my CPA telling me to do something or not to do something is the end all be all. I feel like we are great at counseling together. They give me their opinion. I know the numbers. They know the numbers. We know where the business is going. And then my job is to make the best decision for the business and for myself.   So this is where I just really obsessed because right now I'm looking and I'm like, wow, what I'm currently paying based on bringing in some new hires, we're gonna do a $30,000 increase. And I look at that I wonder, is that wise? Is that what I wanna do? Is that what we as a business wanna do? Is that smart for the business? Or is it something like, then I get to sit here and I get to innovate and we get to think of like, what other ideas could we do? That's why I went down the list, because I wanna hire some more people. It's a little premature for these hires.   So I was like, okay, let's go back to the list. Let's look at the list. Like where could I like cut some costs to see, could I free up any cash in other areas or do we need to make different decisions? Or is it like, I need to put a pause on hiring that person for a little while until the business gets to X amount and then we can bring on those different hires. So when you look at this, that's how I do it. I use this spreadsheet. I'm not kidding. I I hold, I can tell you exactly because what's great on Google Sheets is they can literally tell you all the different versions. Okay.   So let's just go back to, I'm going to go, this is embarrassing. I'm going to go to June. Okay, so I'll just go back a few months for you guys. I logged into this spreadsheet of the monthly costs. June 5th, June 10th, June 16th, June 19th, June 24th, June 24th, again, June 25th, July 2nd, multiple times, July 7th, July 8th, July 9th, July 10th, 15th, 16th, 17th, 18th, 24.   The only reason it stopped there is because I went out of town August 3rd, August 6th, August 7th. As you can see, I'm in this spreadsheet almost daily. If not every other day. That's insane. I mean, I can go back to April. I can go back to March, February, January, December, December. I'm in here all the time. November, October of last year. I'm just going down. October. I was in there 10 because that's when I started to do projections. So you better believe I was in there a lot more during that time. October. There's about 20 entries September. So when I tell you this is a tool,   that I have found that works so insanely well. Clients love it. Cause then we're like, our overhead's high. We can go over to our costs and say, why is it high? What is causing this? I'm looking at people's loans that they have and I'm like, do you really use the Seric? Do we need to continue to use this? Are we using all these different like plan Mecca and all these other loans that we have on the practice? Are we still using that? And if so, that's fine. But let's at least know where our money's going.   so then we can make better decisions of do we wanna continue that? And so hopefully, like I said, it's not a fun topic. Like it is, this one, if you can't tell, the passion, the fun, like it's really fun for me to look to say like, okay, where is it? This is where I decided it was time for us to close our headquarters down in Reno. We used to have one, but I was looking for how can I cut costs? Where can I, because for me, I'd rather not spend it on a physical location. I'd rather buy, like spend that money on different softwares that are gonna make us more efficient, being able to hire better employees.   Like I'd rather reallocate those dollars to something that's gonna benefit the company more. And so for you, just feel like this is such a great tool to help you truly know where your money's going, know where you can cut. And like I said, I do this for personal. I'm like, all right, give me all your costs. Give me your credit card. We're gonna look at every single thing. And then like, what could we do differently? I mean, my cell phone, let alone, I used to pay almost a hundred bucks a month for my cell phone. It's now, hold please. I'll tell you the exact amount. Cause I can tell you it's literally right here.   Um, it is a telephone right here, $35 a month. And I used to pay 95, but that was once again, like Verizon got a competitor. have a sister company called visible. I could even get it down to 20, but I didn't want to like drop that far. But we went from 90 to 35 and there was no change or disruption. I watched it for several years. I had people do it, then made the change. Is there a better company out there for X, Y, or Z? Is there a better processing company? And I know again, this seems annoying.   But annually around September, October is when I start to do projections and I start to look at everything. Cause I'm looking at costs. What could I cut? But monthly, daily, I'm looking to see who can I hire? Where can I do things? Change it, adjust it. And what's amazing is when doctors and OMS have this tool available, now you're like, can we afford to hire this person? You can answer with confidence rather than hoping and praying you're going to be able to make it. Just like what I used to do. was like, let's just hope and pray we're going to hire them and hope it works out.   now I can have way more confident decisions. And like, think as a business owner, being able to have confident, like one of the strongest things you need to do as a business owner is be able to make decisions. And I think the second piece to that is being able to make more confident decisions, utilizing tools like this one that I'm sharing with you. So if you want help, reach out, Hello@TheDentalATeam.com. Like I said, I love to put this together for clients. I love to give them the tools and resources to where they can actually be here and know. And also I say if you're here,   Like go get your credit card, list everything out that you're spending money on. Look at your P &L, see if it matches up, see if you can figure it out. And this was something that's been evolved over the course of honestly, probably eight years. I started it when I was really new into the business. I made this myself because I'm like, I don't even know where my money's going. How am I supposed to be able to make decisions? And I could not figure out why my overhead was so high. Now I can tell you exactly this is what we're spending every month. This is why we're spending it. This is what we want to do. This is where we're going. These are the numbers that we need to do.   It just gives you so much confidence, clarity. And so that's why I just love to share it and to help you. ⁓ I believe, like we said in the yes model, you as a person need to know where your vision is. Then we need to have your earnings and your profit where it needs to be. And then we need to figure out the systems and team development to support all of those pieces. And that's what we love. It's what I'm obsessed with. So reach out, ⁓ even if you're like, I don't know. I don't know if I'm a good fit. Let's just have a call. It's literally no commitment, no stress.   just clarity and confidence to get you the momentum that you deserve. So reach out Hello@TheDentalATeam.com. Go fall in love with numbers and spreadsheets. And as always, thanks for listening. I'll catch you next time on the Dental A Team Podcast.  

Andrew Almeida argues that the current market is not in a bubble and thinks the AI story will continue and trickle into other sectors. He likes Cisco (CSCO) and thinks investors should be holding the Mag 7. In addition, he likes midcap financials and industrials, anticipating lower rates for the former and AI-fueled investment in the latter. He sees a Santa Claus rally ahead and thinks investors should stay in the market rather than sit on the sidelines.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

This week, in Episode 270, we dig into employee ownership with two people who've lived it: Kris Maynard and Justin Jordan of Cathedral Holdings, a 100-percent employee-owned ESOP since 2011. Kris and Justin are enthusiastic proponents of ESOPs, but they're also candid about what can go wrong. Yes, ESOPs come with big tax advantages. But the transaction can be complex. The debt can fundamentally change the risk profile of a business. And perhaps the most under-discussed challenge of all: not all employees embrace employee ownership. Some see it as little more than a glorified retirement plan. And here's the thing: an ESOP can be a far riskier retirement plan than many understand. They differ from 401(k)s in that there's no regulation requiring an ESOP to sequester its employees' retirement funds. If the company fails—and like all businesses, ESOPs do fail—those nest eggs can vanish. Kris and Justin explain how they've addressed these issues and what they might do differently if they were starting over. They also emphasize an important point: Not all ESOPs are created equal. “If you've seen one ESOP,” Justin likes to say, “you've seen one ESOP.”

Today we jump back 15 years to two back-to-back episodes of the PWTorch Livecast from Nov. 4 and Nov. 5, 2010.On the Nov. 4, 2010 episode, PWTorch assistant editor James Caldwell and PWTorch columnist Greg Parks included discussion with live callers on WWE's financial report covered from every angle, WWE's PPV business covered from every angle, WWE Films division, Vince McMahon missing the conference call, Impact tonight, and more. In the previously VIP-exclusive Aftershow, they discuss PPVs at bars, Sunday's TNA PPV, Eric Bischoff's odd quotes on "American Idol" being a power struggle, Linda wrap-up coverage, and more.On the Nov. 5, 2010 episode, PWTorch Livecast with host Wade Keller and Jason Powell of ProWrestling.net, they took live calls throughout the live one hour show on a variety of topics including Kevin Nash's latest Twitter posts and potential future in WWE, the difference between the late-'90s Monday Night Wrestling and today, Linda McMahon's campaign and Vince McMahon's presidential tease, and more. In the previously VIP-exclusive Aftershow they dive into detailed analysis of last Friday's Smackdown and last night's Raw. They open with some Randy Moss and Minnesota Vikings talk.Become a supporter of this podcast: https://www.spreaker.com/podcast/wade-keller-pro-wrestling-podcast--3076978/support.