Today is Friday August 28th 2026. The major stock event of this week was Nvidia's earnings report. Though the company continued to grow at rates unprecedented for large companies and guided revenue growth of 70% next year, the stock failed to move meaningfully higher.

What Worked in Value:

My firm's equity portfolio had a great earnings report this week in JM Smucker, ticker SJM.

What didn't work?

Momentum stocks again failed to recapture the leverage-driven excitement of earlier this summer.

For the second time in three weeks, I found a compelling spinoff idea. I discussed the structural advantage spinoffs enjoy on the August 15th episode, and I am happy to increase our exposure in this area. Additionally, I bought another healthcare company, taking our total healthcare exposure to over 13%. ...