Trade Secrets
Trade Secrets: Dailies 02.19.2026
US stock futures were little changed late Wednesday, following a solid advance across the major benchmarks during the regular session.
Jack of All Trades
"Picks and shovels" AI thesis validated: ADI's ATE monopoly (70-80% share) + data center infrastructure (power/optical) = durable $2B+ run-rate with 75-80% gross margins. 22nd consecutive dividend increase (+11%), fortress balance sheet (0.8x leverage), 45%→47-48% operating margin trajectory
Jack of All Trades
Analog Devices crushed Q1 (revenue $3.16B +30% YoY, EPS $2.46 +51% beat $2.33) with AI businesses (~20% revenue) accelerating—ATE +40%, data center +50%. Margins expanding (71.2% gross +240bps, 45.5% operating +500bps). Q2 guide $3.5B new ADI record. "Banner year" potential.
Jack of All Trades
PANW executing bold strategy ($25B CyberArk + $3B Chronosphere) to dominate identity/cloud/network/AI full-stack, platformization resonating (subscription +14%, software 45% products), but Q3 EPS guide -13% miss shows integration costs real—2-4 quarter headwind
Trade wars are often treated as temporary disruptions—policy disagreements that escalate, peak, and eventually resolve through negotiation. This interpretation misunderstands the nature of economic competition between states.
January kicked off on a strong note with the total digital asset market cap reaching ~$3.4T as BTC rallied to $97K. However, momentum faded mid-month as geopolitical developments, including the pursuit of Greenland and renewed tariff uncertainty with European nations weighed on risk assets
By the end of January 2026, the global economy appears stable on the surface but increasingly divergent underneath. Global growth remains near trend, supported by technology-driven capital expenditure, resilient U.S. demand, and strong momentum across India and parts of Southeast Asia.
Microsoft CEO Satya Nadella announced the “world’s most powerful AI datacenter” Fairwater on his Linkedin post in September 2025 dripped with techno-triumphalism, LinkedIn erupted in applause, but I didn’t.
Bob Dylan's song "The Times They Are A-Changin'" became an anthem for change and a commentary on the social upheavals of the 1960s. However, its message is timeless and can be applied to various periods of economic uncertainty, including those characterized by stagflation.
In late 2024, Michael Saylor, doubled down on his Bitcoin vision with an audacious plan. Saylor's strategy involved raising billions through convertible debt to purchase more Bitcoin. This bold move was met with excitement by many, but I saw the cracks in the strategy
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Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) announced its quarterly earnings results on Wednesday. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.65), FiscalAI reports. The business had revenue of $360.85 million
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) posted its quarterly earnings results on Wednesday. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76), FiscalAI reports. The business had revenue of $360.85 million during
The Niagara USA Chamber of Commerce is launching a formal search for its next permanent executive director. The position description was made available Wednesday on the chamber’s website and LinkedIn page, as the board of directors begins the process of... Read Full Article →
Australia’s biggest telco has recorded a mammoth profit for the six months till December, with mobile phones the major contributor. Read Full Article →
For a limited time only, stock up on must-have vitamins, supplements, proteins and more with a sweet 20% savings at iHerb. Read Full Article →
The planned share sale comes as India’s market for first-time public offerings slows after two consecutive years of record fundraising Read Full Article →
India's property market is witnessing a significant shift as warehouses emerge as the top real estate investment, surpassing offices. This trend is driven by robust leasing momentum, resilient occupier demand, and stable yields, indicating a structural transf… Read Full Article →
The case is seen as a test of social media's legal responsibility for platform design features that plaintiffs' lawyers say exacerbated mental health issues in young people. Read Full Article →
Rewards may be issued for tips that lead to enforcement actions worth at least $1 million in penalties. Read Full Article →
Transcript: Caroline WoodsStock market is shifting fast and not every opportunity is obvious. Joining us now to go through her top picks is Rebecca Walser, CEO of Walser Wealth Management. Rebecca, great to have you. Rebecca WalserThank you for having... Read Full Article →
The billionaire behind the retail empire that once blanketed shopping malls with names such as Victoria’s Secret and Abercrombie & Fitch is telling members of Congress that he was “duped by a world-class con man” — his close financial adviser... Read Full Article →
The Government will today reveal its back down on controversial Auckland housing intensification plans amid fierce public criticism. Read Full Article →