Stock Research Archive

Netflix has been derated roughly 40% from its June 2025 high of $133.91 to $81.72, yet the underlying business has not deteriorated commensurately. Q2 2026 revenue hit a record $12.6B (+13% YoY), operating margin sits near 33%, and the company is on pace for its most profitable year ever while execu...

McDonald's is a best-in-class franchised royalty/rent business trading at its cheapest valuation in five years (~20.5x forward earnings vs. a five-year average closer to 25x), just 2% above its 52-week low after a 22.5% drawdown. The market's concern is legitimate: U.S. same-store sales slowed to 0....

Disney is a wide-moat franchise machine trading at multiyear-low valuation (forward P/E ~15) despite delivering 7% revenue growth, 3pp margin expansion, $3B quarterly FCF, and reaffirmed double-digit adjusted EPS growth guidance through FY2027. The market is pricing DIS as a no-growth value stock af...

Shopify just delivered its strongest quarter in years: Q2 2026 revenue grew 34% to $3.58B, GMV grew 32% to $115.6B, operating income rose 68%, and free cash flow grew 55%. Critically, the company debunked the 'AI loser trade' thesis that had cut the stock in half earlier in 2026 — AI-referred traffi...

Marvell sits at a genuine inflection point: record Q2 FY27 revenue of $2.739B (+37% YoY), a transformative Google custom-silicon deal (potentially $120B over seven years, with a warrant for up to 59M shares), a raised FY28 revenue guide of ~$18B (~50% growth), and a $2B Nvidia partnership. The funda...

Coca-Cola is executing exceptionally well — Q2 2026 delivered 7% revenue growth, 6% organic growth, 5% volume growth across every segment, 90bps of comparable margin expansion, and a raised full-year EPS growth guide of 9-10%. The business quality is not in question: it is out-executing PepsiCo on t...

Palantir is executing at a level few software companies in history have matched: Q2 2026 revenue of $1.94B grew 93% YoY (fastest at this scale), US commercial revenue grew ~150%, operating margin hit 62%, net margin hit 55%, and net retention reached 157%. The business is genuinely exceptional — thi...

Visa has rallied ~27% since our April bull call ($300.8 → $381.6), vindicating the prior thesis but exhausting the easy upside. The stock now sits within 1% of its 52-week high at ~27x forward earnings (above its own historical discount zone), while the fundamental picture shows deceleration: Q3 FY2...

Mastercard is executing exceptionally well — Q2 2026 EPS of $5.04 beat consensus by 5.7%, net revenue grew 14%, and Value-Added Services (23% growth, now 41% of revenue) is transforming the company from a pure toll-collector into a data/AI/stablecoin infrastructure business. The stock's flat-to-down...

My bear thesis from February and April 2026 has now been fully validated — and then some. Walmart has fallen from $131 to $103, a 21% decline, after the Q2 FY27 report delivered the company's biggest miss in years: U.S. comp sales growth of just 2.6% (vs. 4.6% a year ago, slowest since 2020), Q3 EPS...

Micron has transformed from a cyclical commodity memory maker into what is effectively a contracted AI infrastructure supplier. Q3 FY26 revenue of $41.5B (up ~4x YoY), net income of $28.2B, record 84.9% gross margins, and Q4 guidance of ~$50B revenue at 86% gross margin are numbers no memory company...

Broadcom has fallen 25% from its June high of $495 to $368.79, yet the fundamental trajectory has accelerated, not deteriorated. AI semiconductor revenue hit $10.8B in fiscal Q2 2026 (+143% YoY), Q3 AI revenue is guided to ~$16B, and management reaffirmed its FY2027 target of $100B+ in AI chip reven...

SpaceX is an extraordinary business wrapped in an indefensible valuation. The company grew revenue 92% YoY to roughly $18.7B annualized, Starlink is adding 500k+ subscribers monthly with 86% EBITDA growth, and the launch business remains a global monopoly. But at $1.87T market cap, the stock trades ...

Amazon has fundamentally re-rated since our April neutral call. Q2 2026 was a blowout: revenue of $200.61B beat estimates, adjusted EPS of $1.97 crushed the $1.82 consensus, and AWS grew 37% YoY — its fastest growth since 2021 and a sharp acceleration from 28% in Q1 and 24% in Q4 2025. Andy Jassy's ...

My April bull call has largely played out: MSFT rallied from $429 to $513 (+20%) after Q4 FY2026 results decisively refuted the bear thesis. Microsoft beat on both lines ($90.01B revenue vs $87.62B expected; $4.74 EPS vs $4.24), Azure re-accelerated rather than decelerated, capex plans for FY2026 we...

Alphabet remains one of the best-run businesses in the market — Q2 2026 revenue of ~$119.8B grew 24% YoY with operating income up 34%, and Google Cloud accelerated to 82% growth with 35.6% margins. But the investment equation has changed: management raised 2026 capex guidance to $195-205B (with Gold...

Apple has rallied ~18% since our April review ($270.71 → $319.70), driven by a blowout fiscal Q3: revenue of $109.4B (+16.4%), iPhone +22%, Mac +29%, EPS $1.91-2.02 beating estimates, and record Services revenue. Yet the market's reaction was telling — the stock shed $426B in market cap in two days ...

Nvidia just delivered one of the most extraordinary quarters in corporate history — $96.2B revenue (+106% YoY), $89B data center revenue (+117%), 75% gross margins, and guidance of $108B for Q3. Management then stunned the Street by guiding fiscal 2028 growth to ~70%, implying ~$673B in revenue. Yet...

Credo Technology is a high-conviction AI infrastructure play executing exceptionally well, but trading near 52-week highs with material concentration risk. Q3 FY26 results were extraordinary — $407M revenue (+201.5% YoY, +52% QoQ), 68.6% non-GAAP gross margin, 49.6% non-GAAP operating margin, and $1...

GE Vernova has been one of the most spectacular industrial re-ratings of the past two years, with the stock up ~133% from its 52-week low and trading at roughly 11.7% below its all-time high of $1,181. The thesis is well-known and now well-priced: gas turbine backlogs sold out through 2030, electrif...