Can 2026 Build on 2025’s Market Gains?
Examining the factors behind 2025’s double-digit gains is instructive as a starting point for thinking about next year.
November 30, 2025
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Examining the factors behind 2025’s double-digit gains is instructive as a starting point for thinking about next year.
“In contrast to the situation at Walmart, incoming CEO Michael Fiddelke is tasked with a turnaround,” said Quo Vadis Capital president and founder John Zolidis. “We assume he has new ideas to rebuild Target’s brand equity, refresh the merchandise and reignite sales growth, but these have to be articulated.”
“Partnering in China absolves management of some operational complexity and geopolitical exposure while freeing resources to focus on a nascent turn in the North American business,” said John Zolidis, president and founder of Quo Vadis Capital.
The average restaurant stock has dropped 13% since the start of the third quarter. In contrast, the S&P 500 is up 8% over the same period. This is a big spread. Why are restaurant stocks being sold off?
Weakness in the first quarter, however, has “thrown some doubt” on whether the firm can achieve its goals, wrote John Zolidis, president of Quo Vadis Capital, in a Thursday note. At a minimum, he wrote, the timeline has been pushed out.