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- MBGL
Middle Coast Investing, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Market breadth in Q3 2026 reviews shows dominance by a few sectors, with S&P 500 stocks averaging a 9.7% return and only 40.55% above their 200-day moving average. Key themes include AI, inflation, and the U.S.-Iran conflict, which, though temporary, affects energy security. Inflation is pressuring consumers, while market resilience is linked to AI spending amid higher rates. During the quarter, U.S., Core U.S., and European portfolios returned -2.4%, -3.9%, and -5.0%, respectively. Despite market headwinds, underlying U.S. portfolio holdings generated solid fundamentals with median revenue growth of 7.2% and earnings growth of 16.4%, supporting a cautious strategy focused on resilient, well-capitalized businesses. Also, check the strategy’s top five holdings to see its best picks in 2026.
In its Q3 2026 investor letter, Middle Coast Investing highlighted Mobility Global, Inc. (NYSE:MBGL). Previously known as S&P Global Mobility Holding Company, the company rebranded to Mobility Global, Inc. in February 2026. Mobility Global, Inc. (NYSE:MBGL) specializes in offering essential data and analysis throughout the entire vehicle lifecycle. On October 15, 2026, Mobility Global, Inc. closed at $18.72 per share. Over the past month, Mobility Global, Inc. returned -4.98%. Mobility Global, Inc. has a market capitalization of $5.52 billion.
Middle Coast Investing stated the following regarding Mobility Global, Inc. (NYSE:MBGL) in its Q3 2026 investor letter:
“I mentioned Mobility Global, Inc. (NYSE:MBGL) last quarter, briefly, as a spin-off from S&P Global. We indeed did buy more shares, and are not so far from our next buying target. Mobility Global owns Carfax and other automotive data business lines. It is targeting 7.5-10% revenue growth over the medium term, and after 150 basis points of initial new corporate costs, 50 basis points of margin improvement a year. If it gets close to that, I think it’s reasonable to expect the stock would be worth $25+/share, vs. the $19 we started paying for it (I’d really like to get in at $16). Can it grow that much? I am less concerned about AI threats – the AI has to be based on data, and Carfax etc. seem to have unique access to datasets that would protect its position. I am concerned about the automotive sector as a cyclical industry. But we should still benefit from market confusion over a newly public company for a few more quarters, giving us opportunities to decipher the story and buy in as merits.”
