Today's Stock Investing Pulse
Devon Energy’s $8B Marcellus Asset Offer Signals Aggressive Growth Post-Merger
Devon Energy completed its merger with Coterra, creating a larger diversified oil and gas operator. Stone Ridge Asset Management has signaled an $8 billion opening offer for Devon’s Marcellus assets, and the combined company expects to lift its dividend by roughly 30%.
Cherry Picks: Why the Equal-Weight S&P 500 Is Beating the Market-Cap Index
The Invesco S&P 500 Equal‑Weight ETF (RSP) has outperformed the market‑cap heavyweight SPY over the last six months as the so‑called “Mag 7” mega‑caps lagged. February recorded a record inflow into RSP, reflecting growing investor interest in a more balanced exposure to the 500‑stock universe. RSP’s implied volatility sits roughly 24% lower than SPY’s, suggesting a modest risk advantage. However, over a five‑year horizon SPY still leads, and RSP’s options remain far less liquid than those on SPY.
Investing Is Cooking: Show the Full Flavor, Not Ingredients
A Stock Picker is a Chef Envision you are a Chef hosting a dinner. Mise en place is the French term for having all ingredients measured, chopped, and arranged before cooking. Your guests haven't been told what you are making. They only see the...
Egg Brand Doubles Whole Foods Share, Expands SKUs
"We're at an average of 9 egg SKUs per door at Whole Foods... We've grown to about half the dollar value of egg sales at Whole Foods; at the IPO, we were about 1/3 of their egg sales... We're at...
3 Oil & Gas Drilling Stocks Backed by Strong 2026 EPS Growth
Zacks’ latest industry overview highlights three oil‑and‑gas drilling companies—Noble Corporation, Nabors Industries and Transocean—with projected 2026 EPS growth ranging from 48.6% to 400%. Despite a bearish Zacks Industry Rank and a 74% drop in 2026 earnings estimates, the sector has...
Equal‑Weighted Index Holds, Cap‑Weighted Faces 10% Risk
At the same time, the equal-weighted price index remains in a solid uptrend and unlike its cap-weighted sibling is not over its skis from a trend perspective. The broader market is well-grounded from a price, breadth, earnings, and valuation perspective. It’s the...
Nvidia Overtakes Apple at TSMC, Plus Market Highlights
Today's FREE Edition has more interesting things than can reasonably be expected to fit in a Honda Odyssey: 616: Nvidia Dethrones Apple at TSMC, Coase Conjecture and AI Lab Profits, Boots on the Ground vs Panopticon, BART Applied Economics, Apple’s 2025...
Never Sell: MBI Interviews Asianometry
MBI’s “Never Sell” podcast featured a conversation with Asianometry, the popular YouTube educator known for deep dives into semiconductor technology. The episode explored the entire semiconductor value chain, from design through testing, and highlighted the creator’s ability to simplify complex...
Software Oversold; Quality Stocks Near Bottom, Ready to Rise
Software is *very* oversold and likely bottoming $IGV Our portfolio has exposure to quality software stocks which have been unfairly caught in the selloff and appear poised for a multi-month run. https://t.co/9W3aDdLK3Q https://t.co/Ursw6tsRqw
Oversold AI, Cybersecurity, Infra Stocks Poised for Rally
AI, cybersecurity and infrastructure software stocks are *very* oversold. When the market volatility subsides, these growth stocks likely to embark on multi-month rally.
Solar Flare: A Perfect Storm for Solar Stocks
Solar stocks rallied sharply as SolarEdge and Enphase posted strong Q4 2025 results. SolarEdge reported a 70% revenue jump, 23.3% non‑GAAP gross margin and $43.3 million free cash flow, while Enphase delivered EPS of 71 cents and a 46.1% margin. Both...
Markets Face Redemptions, Housing Woes, and AI Optimism
Animal Spirits: A Wave of Redemptions Geopolitics vs the stock market vs AI Is inflation risk back? Is it time for a correction? The optimistic view on AI The most broken housing market in America The private credit crisis of confidence & more https://t.co/3VV58HRcdq https://t.co/V5eIvRDjMe
HBO Reached 54 Million Domestic Subscribers in 2017
Time Warner FY17 10-K: "At December 31, 2017, Home Box Office had approximately 54 million domestic subscribers, including subscribers to HBO NOW and through Home Box Office’s digital distribution partners." https://t.co/4lw2HM9qU0
Truist Initiates This Homebuilder at a Buy Rating, Citing Strength in the Luxury Housing Market
Truist initiated Toll Brothers (TOL) with a buy rating and a $190 price target, implying roughly 24% upside. The firm highlighted the builder’s focus on the luxury segment as a key differentiator that insulates it from broader affordability challenges. Analyst...
Repeatable Alpha Strategies Eventually Lose Edge
"Any repeatable process that generates significant alpha in fundamental investing is going to get competed away." - @GavinSBaker (EP.489) With thanks to @AlphaSenseInc, @MorningstarInc, and Ridgeline.
Bank of America Upgrades Tesla, Calls It the Clear Leader in Autonomous Driving
Bank of America reinstated coverage of Tesla with a buy rating and a $460 price target, implying about 17% upside. The analyst highlighted Tesla’s camera‑only autonomous driving stack as a cost‑effective edge over LiDAR‑based rivals. Robotaxi services, already operating in...
Distinguish Initial Large Bets From Growing Positions
New Article There is a massive difference between taking a large initial position and allowing a position to become large. Few investors understand this distinction. https://t.co/hxHNHYqor8
DHS: Dividend ETF With Balanced Portfolio, But Average Results
The WisdomTree U.S. High Dividend Fund (DHS) holds 322 dividend‑paying U.S. stocks and delivers a 3.43% yield. Its portfolio is weighted toward financials, consumer staples, healthcare and energy while underweighting technology. Compared with the Russell 3000 benchmark, DHS trails in total...
Prediction: The Current Bull Market Will End When This Happens
The article warns that the AI‑driven bull market, which has lifted the S&P 500 88.5% since early 2023, could end if AI data‑center spending wanes. It highlights more than $600 billion in cloud‑infrastructure capex this year and the resulting boost to GDP...
Is NuScale the Smartest Investment You Can Make Today?
NuScale Power’s small modular reactor (SMR) stock is trading near its 52‑week low, down more than 75% from its October 2025 peak. The company retains a unique first‑mover advantage as the sole NRC‑approved SMR design, bolstered by a partnership with...
CORD's 3.9% Yield Positions It as Income Play
ShareScope has #CORD on a Forward Dividend Yield of 3.9%; it might work as an Income Portfolio stock. I don't hold.
Geopolitics Threaten Chinese Firms' Access to Western Markets
What I don’t understand is the position of PRC companies. Do they want the headache of dealing with geopolitics? They’re competitive in their own right. If this goes on, Chinese products will be shut out of Western markets.
Stick to What You Know
The article warns investors that geopolitical crises, such as the current Middle East conflict, trigger instinctive, emotion‑driven actions that clash with sound investing. It highlights the impossibility of forecasting short‑ and long‑term market reactions to such events. Instead, it reminds...
Most Miss KOSPI’s Memory Chip and Reform Narrative
Pretty much 100% of my timeline is people freaking out about KOSPI KOSPI is a memory chip story. There’s a great structural reform story, too, and it feels like nobody except @smartkarma and shareholder activists are paying attention
US Kills Iran Leaders; War Persists, Oil Spikes
The US just killed Iran's top leaders, but the war isn't ending. The Revolutionary Guard is still fighting, and oil has spiked past $85. 🔒 Members-Only https://t.co/oiXuHGPp3W
How Nvidia Turned a Steal of a Deal Into Its Secret Weapon
Nvidia leveraged its 2020 $7 billion acquisition of Mellanox to transform its networking business into a major growth engine. In the most recent fiscal quarter the company reported $11 billion in networking revenue, a 263 % increase year‑over‑year, positioning it as the world’s...
GRV
$GRVY going negative EV again despite governance reform & an activist at majority owner GungHo may lure me back in as Kospi gets gutted https://t.co/G956qY7aXY
Long Reinvestment Runways Fuel Powerful Wealth Compounding
"Reinvestment runway defines long-term compounding potential." The biggest investing edge isn’t timing the market — it’s owning long reinvestment runways. 🚀 Reinvestment runway defines how long a business can compound capital at high returns. The longer the runway, the more powerful the...
Stocks in Turmoil, but Attractive Setups Emerge (META, GOOGL, AMZN)
Market volatility driven by Middle‑East tensions has pushed equities lower across regions, but the pullback has created attractive entry points for high‑quality mega‑cap tech. The author highlights Alphabet, Meta Platforms, and Amazon as the most compelling opportunities within the Magnificent...
Record Volume Hits ACWI After 2% Dip, Model Rotation Suspected
Intriguing, $ACWI (and $28b old dog ETF I rarely think about) saw record volume today. Maybe bc it fell 2%, which is bad but not Code Red.. my guess is a model rotated out of it. We've seen a lot...
Deal Sets Us Up as DTC Market Leader
David Ellison: “This deal positions us to be one of the leading competitors in the DTC space, to really accelerate our growth and to achieve scale in DTC… It is a primary goal for the business.”
Why Do Experts Think Emerging Markets Will Outperform?
Emerging market equities delivered a 33.6% return in 2025, the strongest since 2017, outpacing the MSCI World’s 21.1% gain. Analysts cite continued dollar weakness, lower valuations, and AI exposure as catalysts for further outperformance into 2026. Inflows are expected as...
US Valuation Premium Shrinks as Global Earnings Surge
Global markets are at or near all-time highs, supported by strong earnings growth around the world. The rest of the world is outperforming the US on a combination of better earnings growth, competitive payout ratios, and lower valuations. As such,...
Quality Small Caps Outperform Junkier Russell 2000 Over
This chart plots the ratio of the S&P 600 Index divided by the Russell 2000 Index from the early 1990s to today. Russell 2000 = 2000 “small caps” by market cap, inclusion rules are mostly mechanical and allow many...
Mutual Funds Take a Shine to Bank Stocks
Mutual funds have markedly increased their stakes in Indian banks, lifting holdings by more than one percentage point in fifteen institutions between December 2024 and December 2025. The Nifty Bank Index climbed 24 percent over the past year, reflecting low NPAs, robust credit growth...
Energy Cheap and Underweight; Oil Upswing Could Boost Index
This chart shows Energy’s weight in the S&P 500 over time in two dimensions: * Blue line = Energy’s market cap share * Red line = Energy’s forward earnings share Current readings (Mar 2): * Market cap share ≈ 3.4% * Forward earnings share ≈...
MEBISODE: Even Berkshire Underperformed
In this episode the hosts use Warren Buffett’s retirement and Berkshire Hathaway’s historic performance as a lens to examine why even top‑tier investments can underperform for years. They focus on the Cambria Shareholder Yield ETF (SYLD), showing its long‑term outperformance...
Submit by March 5 to Unlock Simplified, Tax‑Efficient US Equity ETF
Final Call: Advisors must submit portfolios & tax lot data by March 5 to participate in the launch of the Alpha Architect U.S. Equity 3 ETF (AAUA) Don’t miss the opportunity to: - Simplify complex client portfolios - Reduce tax friction through a...
Overlooked Tharisa, a PGM Bull Market Bridesmaid
Tharisa Resources has seen a 105% year‑on‑year rally but still lags larger PGM peers, trading at a deep discount despite strong fundamentals. The market penalises the stock for liquidity constraints and uncertainty around financing the Karo Platinum project. Spot PGM...
Only Log in to Buy, Not to Watch
Don’t even bother logging into your investment accounts if you’re not buying more stocks. You’re just going to make yourself feel worse and selling will only hurt you in the long term.
Ignore Market Noise; Stick to Long‑term Plan
If you're not retired: > stop obsessing over share prices, it's just noise > stop stressing about daily market moves, they don't matter > stop panicking over short term drops, they are normal Just stick to your long term plan. Stick to your allocation....
The Dividend Safe Harbor: 2 Stocks to Watch
Rising geopolitical tensions and soaring oil prices are heightening market volatility, prompting investors to seek defensive, income‑generating equities. The article highlights Pfizer (PFE) as a healthcare stalwart offering a 6.3% dividend, strong institutional inflows and a forward P/E near 9.6,...
Financials Surge, Magnetizing 2024‑25 First‑Half Pivot
Financials rally back to the underbelly of the 2024 and 2025 1H pivot. So far it’s acting like a magnet... $XLF https://t.co/jXBzQnKMxZ
Turned Defensive Tactics Against Misaligned Controllers
"Prophylactic measures" are typically what boards use to defend against activists (e.g., poison pills, staggered boards, etc). With $MAPS I flipped the script. In the presence of controllers with misaligned incentives, I had to deploy prophylactic defenses to box the board...
Frontier AI Economics
Frontier AI model developers operate under highly speculative economics, with valuations suggesting they will capture strong net‑profit margins over time. The range of possible outcomes remains broad, from modest profitability to potential monopoly power, as illustrated by a hypothetical Anthropic...
Limited Borrowing? Rethink Sharpe Ratio for Fund Selection
Selecting mutual funds is one of the most important jobs investors face. But using sharpe ratio may not be the answer if you have a limited ability to borrow. By @ebasilico https://t.co/x4TGFkaBHH https://t.co/d7tayubSd2
AI Capex Boom Outpaces Global GDP, Prompting US Shift
“There’s just not enough GDP to support all of them.” @dampedspring returns to @excessreturnpod to break down the funding test behind the AI Capex boom, how the Iran conflict is being priced, and why he’s shifted away from US assets. https://t.co/wooKnQeQKH
VITL's Low-Return Claim Clashes with $100M Buyback
A slide from the $VITL December 2025 Investor Day, which ranked capital returns as their lowest investment priority; two months later, announced a $100 million repurchase authorization, which would require debt issuance. https://t.co/IAg2QWKbrE
Weekly Safety Checklist for New Buying Decisions
a weekly glance at our "Is It Safe for New Buying?" checklist... $TSX $QQQ $SPX $IWM https://t.co/ryem6Ua7LX
Stocks Outpace Inflation, Preserve Purchasing Power
In my opinion, this is the most compelling chart for being a stock market investor. Over the last 50 years: -US Inflation: up 6x -S&P 500 dividends: up 21x -S&P 500 total return: up 265x Over the long run, stocks trounce inflation and protect your...
Wholesale Options Signals Reveal Crucial Market Fundamentals
Even if you're not an active single name options market participant, ignoring wholesale the signals & pricing in those markets can be tantamount to ignoring fundamental developments.