Real-time reactions to earnings, macro events and market moves — what actually happened, what the numbers show, and what we’re doing about it in our own positions. Not price predictions, a working read on the stocks and events moving the market this week.
$10,000 in Costco at $895 earns about $222 a year, a 2.2% earnings yield at 45 times trailing EPS. What return does the stock need from growth and a 30x to 50x exit multiple over…
Visa earns about $73 million of operating income every day, and revenue still grows 11% a year. Instant payments and stablecoins are real bypasses, but the quarterly numbers, and a 31 P/E, say the toll…
I wrote that the Fed would cut on September 16. It did not: a Sept. 17 headline reads ‘first hike in 3 years.’ The framework held, and SPY sits 2.0% below its high while small…
JPMorgan set its record close of $365.18 on August 12 and now sits 4.6% below it, at 15 times earnings. It looks fairly priced against banks, yet 2.7 times book is far above its own…
Lilly’s quarterly revenue now annualizes to $92B, 3.2x fiscal 2022, while its P/E sits at 38.7 against a five-year average of 67.5. We work backwards from the $1,153 price to the revenue needed to justify…
Alphabet’s P/E of 17.5 is the lowest of the five big tech names, but trailing net income runs $96.6 billion above operating profit. Priced on operating profit it ranks third, behind Meta and Microsoft. Here…
Chips are no longer the scarce input for AI. Grid capacity is: PJM’s auctions clear at the price cap, turbine slots are booked into 2029, and the stocks have started to price it. Here is…
Microsoft spent $115.9 billion on property and equipment in fiscal 2026, 2.6 times fiscal 2024, and free cash flow fell for a second year while profit rose. Here is what depreciation, Azure and a 27.5…
Broadcom grew revenue 85.5% last quarter and the stock still fell 2.7%, now 27.6% below its high. We tested the case for chip stocks beyond Nvidia on today’s data: one name holds up, four need…
Amazon spent 92% of its operating cash flow on equipment last year and Oracle spent 174%. That gap decides which tech stocks are worth buying carefully in Q4. Here is who covers the AI bill,…