Long-Term Pick

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On Holding: 21.6% Growth for 17x Earnings
The fastest-growing sportswear brand fell 14% in one day. I read the report and I think the market read it wrong.
 • Dan
Reddit: 61% Growth, Priced for 20%
The stock fell 21% on the Q2 print and is down 30% year-to-date while revenue grew 61% for the eighth straight quarter. Here is my full analysis.
 • Dan
Microsoft: 43% Azure Growth, Priced for a Slowdown
The stock is down 11% in a year while Azure accelerated to 43% growth and EPS estimates rose 23%. Here is my full analysis.
 • Dan
NVIDIA at 21x: The Cheapest AI Leader in Five Years
NVDA is cheaper, relative to earnings, than at any point since 2021. Here is my updated analysis.
 • Dan
Big Tech's Fear Sale: 5 Giants I'm Buying
Amazon, Microsoft, Meta, Nvidia, and Uber - all trade below their own five-year multiples. Full theses, fair value estimates.
 • Dan
Micron at 6x Earnings: The Most Expensive Mistake
Every value screener in the world is flashing green on MU after a +650% year. Here's why the P/E is lying, and which two metrics tell the truth.
 • Dan
Quiet Energy Revolution: Companies to Watch
The companies I selected as the most interesting to watch during the energy revolution.
 • Dan
Quiet Energy Revolution
The market is still pricing energy on yesterday's costs. That gap is the opportunity.
 • Dan
Netflix: From Subscriber Growth to Profit Growth
A comprehensive analysis of Netflix (NFLX).
 • Dan
Toast: Platform Scale, Margin Expansion, and Long-Term Value Creation
A comprehensive analysis of Toast Inc. (TOST).
 • Dan
On Holding: High Gross Margin, Geographic Expansion, and Appealing Valuation
A comprehensive analysis of On Holding AG (ONON).
 • Dan
The Trade Desk: Be Greedy When Others Are Fearful
A comprehensive analysis of The Trade Desk (TTD).
 • Dan
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