2026 has kicked off at a breakneck pace for market watchers. Global tensions and financial uncertainty loom over the dollar and its place as the key currency for much of the world's markets.
Global Net Lease's positive Q3 results and FFO guidance raise short-term optimism, but operational concerns persist. Significant asset writedowns, especially in office properties, and a history of declining cash flows undermine investor confidence. An 8% dividend yield is insufficient to offset the REIT's deteriorating fundamentals and exposure to struggling asset classes.
SPDW charges a slightly lower expense ratio and barely edges out VXUS on recent performance and yield. VXUS covers both developed and emerging markets, while SPDW excludes emerging economies.
U.S. futures and Asian markets were higher, while most European indexes drifted lower following Trump's about-turn on tariff threats over Greenland.
In Q4 2025, Polen Capital initiated a new position in Tencent Holdings and Spotify and sold its positions in Sage Group, Willis Towers Watson, ICON Plc, and Workday. Eli Lilly was the top performing relative contributor in Q4. The primary drag for the quarter was Oracle, accounting for almost all of the Portfolio's relative underperformance in Q4.
PICK: Downgrading Global Miners ETF On Surging Price And Valuation
Village Farms International (VFF) is rated Strong Buy due to a fundamental dislocation: lowest unit cost production and highest-margin global distribution (EU-GMP). VFF's Q3 results show 56% Canadian cannabis gross margin and 31% adjusted EBITDA margin, driven by international sales up 758% year-over-year. Valuation at sub-5x EBITDA and a strong balance sheet offers a margin of safety against regulatory delays in Germany and the Netherlands.
M2i Global Inc (OTC:MTWO) CEO Alberto Rosende talked with Proactive about strengthening the US titanium supply chain through a new agreement with Australia-based Titanium X, alongside the company's broader critical minerals strategy. M2i Global Inc CEO Alberto Rosende explained that the agreement with Titanium X is designed to help rebuild domestic titanium processing capacity in the United States, an area he noted has been largely absent for some time.
DiDi Global is initiated at overweight, targeting a 55% upside. This is driven by robust growth and margin potential. The market undervalues long-term optionality, with autonomy (robotaxi) and platform adjacencies offering meaningful upside while near-term investments and competitive noise weigh on sentiment. Core China's mobility franchise remains strong and cash-generative, supported by scale, diversified service tiers, and technology-led features.
Prenetics Global Limited is rated a buy, with a projected 150% upside based on forward EV/S and robust revenue growth from IM8. PRE has been working to reduce its direct costs, with a sequential improvement of 9% (QoQ) while increasing IM8's gross margin by 8 percentage points on a sequential basis. My calculation shows that Prenetics Global has a cash runway of about 18 months with a net burn rate of about $25 million in nine months.
“The battle royale between Saks and Amazon has only begun," said bankruptcy attorney David Wander.
Saudi Arabia is officially opening its capital markets more broadly to foreign investors. Effective February 1, 2026, foreign individuals and institutions will be able to participate directly in the Main Market (Tadawul) without needing to qualify under a special investor regime.