Adamas Trust: Why I Prefer The Preferred Shares To The Common Stock (Archive)
Neutral as rising rates are a headwind, but expanding business purpose loan originations are good as are the fixed-to-floating preferred stock conversions.
5-Minute Pitches
5-Minute Stock Pitches. Expect 10–20 pitches focused on core stock drivers every month.
Alphabet: Buy Before It Cashes In On Its TPUs (Archive)
Strong growth and margin tailwinds in Google Cloud and TPUs offsets the hiccups from European regulations on Search revenues.
Coinbase: The Bull Case Is Fading (Archive)
Headwinds are there with trading volume contraction and take rate compression, but the outlook for Stablecoin interest income is good with higher interest rates.
VWO: The AI Boom Isn't Enough To Offset China's Weakness (Archive)
AI & semiconductors exposure is favorable but offset by weakness in China, a mixed outlook for India and a potentially fading commodities bull run.
Infleqtion: Still Promising With Diversifying Revenue Streams, But Not As Clear A Buy (Archive)
The revenue progress is good but the valuations aren't compelling.
VICI Properties: I'm Flipping From Buy To Sell (Archive, Full Access)
A hawkish rate environment and rising inflation that exceeds the cap of annual rent escalators are a major headwind.
Calumet Has Powerful Favorable Macro And Industry Catalysts (Archive)
Calumet enjoys volume growth for higher priced products and favorable industry and energy macro conditions.