| Position | Last | Day | Thesis | Chart | Beta | Spread Z | 1Y · levels | Next catalyst | In |
|---|---|---|---|---|---|---|---|---|---|
| $212 | +0.8% | 0.73 | -0.27 | Est. Q3 earningsOct 20 | 55d | ||||
ValuationQ2 sales$24.7B Q2 backlog$289B Q2 free cash flow$2.9B Last$212 SectorIndustrials Market reference levels52W low$150 Aug 25 close$210 52W high$225 Trading +1% versus August 25 close RTX is a commercial-aerospace and defense backlog-conversion position. Collins, Pratt & Whitney, and Raytheon must turn a $289 billion backlog into durable organic growth and free cash flow while supply-chain disruption, fixed-price execution, and the GTF powder-metal fleet plan stay controlled. | |||||||||
| $5.61 | -6.7% | 1.79 | -1.36 | Est. Q3 earningsNov 10 | 76d | ||||
ValuationMarket cap$5.6B P/B3.5× RevenuePre-commercial Last$5.61 SectorReal Estate / Infrastructure Intrinsic entry levelsBear$4.47 Base$7.26 Bull$15.00 Trading -23% versus base case A development-stage bet on Project Matador becoming a scarce, gigawatt-scale powered AI campus. Commercial agreements and funded delivery—not headline capacity—must validate it. | |||||||||
| $108 | +2.6% | 1.05 | +0.38 | Est. fiscal Q4 earningsOct 28 | 63d | ||||
ValuationFiscal Q3 revenue$9.3B Global comparable sales+7.9% GAAP operating margin10.5% Last$108 SectorConsumer Discretionary Market reference levels52W low$76.51 Aug 20 close$104 52W high$108 Trading +4% versus August 20 close Starbucks is a turnaround-expectations short. Better transactions and margins are real, but the short requires Back to Starbucks labor and restructuring spend, China economics, and one-off benefits to keep durable earnings below what the near-high valuation implies. | |||||||||
| $125 | -0.1% | 0.46 | +0.49 | Est. fiscal Q1 earningsSep 30 | 35d | ||||
ValuationFY26 revenue$6.51B FY26 operating income$2.51B FY27 adj. EPS guide+7%–9% Last$125 SectorIndustrials Market reference levels52W low$83.61 Aug 18 close$120 52W high$135 Trading +4% versus August 18 close Paychex is a payroll and human-capital-management compounder with Paycor integration upside. Fiscal 2027 organic growth, cross-selling, and margin expansion must outrun acquisition amortization, debt costs, labor-market softness, and an expensive recurring-revenue multiple. | |||||||||
| $237 | +1.5% | 1.63 | +1.00 | Est. Q3 earningsNov 4 | 70d | ||||
ValuationQ2 Marketplace GOV$33.1B Q2 revenue$4.5B Q2 adjusted EBITDA$914M Last$237 SectorConsumer Discretionary Market reference levels52W low$147 Aug 18 reference$216 52W high$282 Trading +10% versus August 18 market reference DoorDash is a local-commerce network position. Order and GOV growth, DashPass engagement, Deliveroo integration, and grocery/retail unit economics must compound faster than insurance, regulation, autonomy investment, and international complexity consume the margin upside. | |||||||||
| $183 | -2.2% | 0.88 | +0.00 | Est. Q3 earningsOct 29 | 64d | ||||
ValuationQ2 revenue$7.7B Q2 adjusted OI$817M Event deferred revenue$6.4B Last$183 SectorCommunication Services Market reference levels52W low$126 Aug 18 reference$181 52W high$188 Trading +1% versus August 18 market reference Live Nation is a live-events demand and venue-capacity position. Record ticket sales and deferred revenue must convert into double-digit adjusted operating income and cash flow while legal remedies, capital intensity, weather, and artist or fan affordability do not impair the flywheel. | |||||||||
| Thesis | Last | Day | Thesis | Chart | Beta | Spread Z | 1Y | Next catalyst | In |
|---|---|---|---|---|---|---|---|---|---|
| $28.05 | +1.0% | -1.48 | -1.23 | Est. July NAV updateAug 30 | 4d | ||||
ValuationJune 22 NAV/share$8.92 June 22 total assets$192.5M Est. annual expenses3.98% Last$28.05 SectorSee full thesis Market reference levels52W low$21.01 Aug 17 close$32.49 52W high$41.74 Trading -14% versus Aug 17 close | |||||||||
| $116 | -1.7% | 1.07 | -0.93 | Confirmed fiscal Q2 earningsSep 3 | 8d | ||||
ValuationFiscal Q1 revenue$2.5B Fiscal Q1 gross margin54.2% FY26 revenue guide$11.0–11.15B Last$116 SectorSee full thesis Market reference levels52W low$105 Aug 20 close$116 52W high$216 Trading +1% versus August 20 close | |||||||||
| $38.59 | -2.3% | 0.95 | -1.70 | Confirmed annual meetingSep 8 | 13d | ||||
ValuationFY26 revenue$46.4B Q4 NIKE Direct-9% CC May 31 inventory$7.5B Last$38.59 SectorSee full thesis Market reference levels52W low$40.51 Aug 14 close$40.73 52W high$77.06 Trading -5% versus Aug 14 close | |||||||||
| $147 | -0.4% | 2.20 | -1.46 | Est. fiscal Q1 earningsSep 9 | 14d | ||||
ValuationFY26 revenue$1.977B Funded backlog$1.2B FY27 revenue guide$2.125–2.225B Last$147 SectorSee full thesis Market reference levels52W low$137 Aug 20 close$160 52W high$410 Trading -8% versus August 20 close | |||||||||
| $62.43 | +0.6% | 0.28 | +0.52 | Confirmed EIA STEOSep 9 | 14d | ||||
ValuationAug 17 NAV$62.57 Fund AUM$41.06B Gross expense ratio0.08% Last$62.43 SectorSee full thesis Market reference levels52W low$41.24 Aug 18 close$63.68 52W high$63.68 Trading -2% versus August 18 close | |||||||||
| $82.88 | -0.2% | 0.38 | -0.25 | Confirmed investor daysSep 15 | 20d | ||||
ValuationQ2 net sales$6.38B Q2 operating EBITDA$2.26B FY26 EBITDA guide$4.1–4.3B Last$82.88 SectorSee full thesis Market reference levels52W low$60.56 Aug 18 reference$78.07 52W high$90.51 Trading +6% versus August 18 market reference | |||||||||
| $346 | -3.2% | 0.51 | +0.09 | Confirmed Investor DaySep 17 | 22d | ||||
ValuationFiscal Q3 revenue$8.6B Online ecosystem growth+19% Consumer growth+8% Last$346 SectorSee full thesis Market reference levels52W low$254 Aug 20 close$362 52W high$709 Trading -4% versus August 20 close | |||||||||
| $24.17 | -0.2% | 1.02 | +0.07 | Est. Q3 earningsOct 28 | 63d | ||||
ValuationQ2 revenue$319.7M Q2 adjusted EBITDA$136.7M Net revenue retention108% Last$24.17 SectorSee full thesis Market reference levels1Y low$17.31 Aug 13 close$25.08 1Y high$40.89 Trading -4% versus Aug 13 close | |||||||||
| $24.16 | -0.5% | 0.86 | +0.67 | Est. Q3 earningsNov 3 | 69d | ||||
ValuationQ2 revenue$2.8B Q2 adjusted EBITDA$407M Q2 free cash flow-$153M Last$24.16 SectorSee full thesis Market reference levels1Y low$19.82 Aug 12 close$22.60 1Y high$31.04 Trading +7% versus Aug 12 close | |||||||||
| $36.97 | +0.5% | 1.29 | +0.68 | Est. Q3 earningsNov 3 | 69d | ||||
ValuationQ2 GPV$60.7B LocationsApprox. 180K Q2 net income$154M Last$36.97 SectorSee full thesis Market reference levels52W low$22.33 Aug 18 reference$35.44 52W high$45.10 Trading +4% versus August 18 market reference | |||||||||
| $308 | -0.8% | 3.46 | -1.70 | Est. Q3 earningsNov 4 | 70d | ||||
ValuationQ2 revenue$1.924B Q2 adjusted EBITDA$1.614B Q2 free cash flow$863.3M Last$308 SectorSee full thesis Market reference levels52W low$299 Aug 24 close$299 52W high$734 Trading +3% versus August 24 close | |||||||||
| $79.78 | +4.7% | 1.68 | -1.72 | Est. Q3 earningsNov 5 | 71d | ||||
ValuationQ2 net sales$627.0M Q2 gross margin24.3% Total backlog$2.0B Last$79.78 SectorSee full thesis Market reference levels52W low$71.77 Aug 13 close$87.67 52W high$148 Trading -9% versus Aug 13 close | |||||||||
| $15.79 | +0.6% | 0.74 | -0.38 | Est. Q3 resultsNov 5 | 71d | ||||
ValuationQ2 revenue$138.1M Q2 adjusted EBITDA$57.6M Average paying users1.4M Last$15.79 SectorSee full thesis Market reference levels52W low$9.85 Aug 17 close$15.81 52W high$17.94 Trading -0% versus Aug 17 close | |||||||||
| $31.24 | +1.0% | 1.03 | -0.02 | Est. Q3 resultsNov 5 | 71d | ||||
ValuationQ2 total revenue$4.88B Q2 medical loss ratio79.2% Q2 net income$361.8M Last$31.24 SectorSee full thesis Market reference levels52W low$10.85 Aug 17 close$31.55 52W high$32.76 Trading -1% versus Aug 17 close | |||||||||
| $9.50 | +1.1% | 1.79 | -0.15 | Est. Q3 earningsNov 9 | 75d | ||||
ValuationQ2 net sales$1.67M Q2 net loss$238.1M June 30 cash$215.5M Last$9.50 SectorSee full thesis Market reference levels52W low$7.06 Aug 18 reference$8.06 52W high$18.50 Trading +18% versus August 18 market reference | |||||||||
| $29.83 | -6.0% | 2.54 | -0.54 | Est. Q3 earningsNov 9 | 75d | ||||
ValuationQ2 revenue$753M Q2 subscribersNearly 2.9M FY26 revenue guide$3.1–3.3B Last$29.83 SectorSee full thesis Market reference levels52W low$14.52 Aug 18 reference$27.86 52W high$62.76 Trading +7% versus August 18 market reference | |||||||||
| $88.01 | -0.0% | 1.71 | -0.81 | Est. Q3 earningsNov 10 | 76d | ||||
ValuationQ2 revenue$2.575B Revenue backlog$104B Q2 net loss$626M Last$88.01 SectorSee full thesis Market reference levels52W low$60.82 Aug 18 reference$93.73 52W high$143 Trading -6% versus August 18 market reference | |||||||||
| $1.63 | -0.6% | 0.86 | +1.89 | Est. Q3 resultsNov 11 | 77d | ||||
ValuationAug 11 ZEC holdings323,394 Q2 net income$39.4M June 30 cash$7.6M Last$1.63 SectorSee full thesis Market reference levels52W low$0.24 Aug 17 close$0.71 52W high$2.97 Trading +130% versus Aug 17 close | |||||||||
| $37.08 | -9.9% | 2.07 | +0.88 | Est. Q3 earningsNov 12 | 78d | ||||
ValuationQ2 loan volume$4.3B Q2 net revenue$226M Q2 adjusted EBITDA$119M Last$37.08 SectorSee full thesis Market reference levels52W low$24.91 Aug 18 reference$35.60 52W high$73.91 Trading +4% versus August 18 market reference | |||||||||
| $10.79 | +0.3% | 0.34 | -1.09 | Est. fiscal Q4 earningsNov 19 | 85d | ||||
ValuationFiscal Q3 sales growth4.2% Fiscal Q3 adjusted EBITDA$78.3M Adjusted gross margin27.7% Last$10.79 SectorSee full thesis Market reference levels1Y low$7.90 Aug 12 close$10.85 1Y high$42.68 Trading -1% versus Aug 12 close | |||||||||