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Granahan Investment Management, an investment management company, released its second-quarter 2026 investor letter for its “Focused Growth Strategy”. The letter can be downloaded here. In the quarter, the portfolio returned +37.3%, outperforming the Russell 2000 Growth benchmark’s +25.7% return. Declining oil prices, easing tensions in Iran, and strong momentum in AI stocks drove equity markets […]
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match. The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
A number of restaurant stocks declined in Tuesday's morning session, pressured by a report showing a nationwide contraction in dining foot traffic.
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