Rina Sherbel

And about 1 in 5 said they use them to get news.

And in the Wall Street research corner, tech bull Tom Lee said he's seen another possible sign of a bottom in software stocks.

The Fundstrat head of research pointed to a post about unusually heavy trading volume in the iShares expanded tech software ETF IGV, which is down about 25% year to date.

The post from Cyclesfan noted that IGV saw its largest volume day on February 4th.

the second largest on the fifth, the third largest on February 23rd, and the fourth largest on February 24th, calling those repeated spikes clear signs of capitulation.

IGV's top five holdings are Microsoft, Palantir, Oracle, Salesforce, and Intuit.

Good afternoon.

Today is Monday, January 26.

I'm your host today, Rina Sherbel, filling in for Kim Kahn.

Our top story so far.

The largest restaurant chain in the world by number of locations isn't McDonald's or Starbucks.

It's China-based Mishue Ice Cream and Tea, trading under tickers MXUBY and MXUGF.

The beverage and dessert chain was founded in 1997 as a small ice cream stall near a university targeting students and budget-conscious consumers with ultra-low-priced treats.

Over time, Mishwa expanded its menu to bubble tea, fruit tea, milk tea, coffee, and other value-focused drinks, leaning on a franchise model that drove rapid store growth.

More recently, it has pushed aggressively overseas, especially in Southeast Asia, where it now operates thousands of locations in Indonesia, Vietnam, Thailand, Malaysia, and the Philippines.

Growth plans now center not just on opening more shops, but on strengthening its supply chain backbone, including new production facilities in Henan and Henan and an international supply chain platform in Southeast Asia to support franchisees.

In the U.S., Mishwe entered the market with its first store in Los Angeles in December, marking its formal North American debut, followed by two locations in New York.

Among active stocks, Applovin, under ticker APP, is higher after Needham upgraded the mobile software company to buy from hold.

Analyst Bernie McTernan said additional work on its e-commerce business has given the firm more confidence in the trajectory of e-commerce revenue growth in 2026, just as the stock has pulled back from its highs a month ago.

USA Rare Earth, ticker USAR, is surging after the company said it entered into a non-binding letter of intent with the U.S.