Happy Friday! 

Dutch semiconductor equipment maker ASML recently raised its 2026 sales outlook for the second time this year amid a strong quarter. But what really stood out was its highly detailed production guidance. 

Meanwhile, average 401(k) balances rose, indicating savers continue to make contributions.

We will cover those topics and more in today’s edition of Weekly Digest…

In case you missed out, here are the articles we published over the past few days: 👇

➡️ ASML (ASML) recently announced that it’s raising its production guidance for the next two years. Since its machines are crucial in making semiconductors, a raised production guidance indicates that the AI infrastructure investment cycle still has room to run.

➡️ Financial services firm CBIZ (CBZ) has delivered strong returns in recent years by providing advisory, insurance, and technology solutions to small and medium-sized businesses (“SMBs”). That said, this firm is undervalued by the market.

➡️ Companies that stay ahead of the curve often anticipate changing customer needs and invest accordingly. This company shows how this approach can lead to long-term stability and growth.

➡️ Effective client communication requires more than simply reaching prospects and clients. That’s why financial advisors must learn how to communicate effectively through emails.

Meanwhile, here are other pieces of news and information that you might find interesting: 

• Average 401(k) and individual retirement account (IRA) balances rose to record highs in the second quarter of this year according to data from Fidelity Investments.
• Mortgage rates in the U.S. have risen to their highest level in over a year due to the rise in government bond yields.

That’s all for today’s Weekly Digest. See you next week!

Best regards,

Joel Litman & Rob Spivey
Chief Investment Officer &
Director of Research
at Valens Research

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