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%.
Tapestry Inc (TPR) Q3 2026 Earnings Call Transcript
Tapestry reported a 23% pro‑forma revenue increase in Q3 2026, driven by double‑digit growth across Coach, Greater China, and Europe, while operating margin expanded by 490 basis points to 76.9% gross margin. Earnings per share rose 62% to $1.66, and the company lifted full‑year revenue guidance to $7.95 billion and EPS guidance to $6.95. Coach added 2 million new customers, with North America sales up 27% and digital sales climbing 25%. Despite an 11% revenue dip at Kate Spade, margins improved, and Tapestry pledged $231 million in shareholder returns this quarter.
Howmet Aerospace Inc (HWM) Q1 2026 Earnings Call Transcript
Howmet Aerospace reported record Q4 2025 results, posting $2.17 billion in revenue—a 15% quarter‑over‑quarter increase and 11% year‑over‑year growth. EBITDA rose 29% to $653 million, delivering a 30% margin, while free cash flow hit $1.43 billion, representing a 93% conversion of net income....
OUTFRONT Media Inc (OUT) Q1 2026 Earnings Call Transcript
Outfront Media reported first‑quarter 2026 revenue up 10%, propelled by a 22% surge in transit and a 7% rise in billboard sales. Consolidated OIBDA jumped 56% to roughly $100 million and AFFO more than doubled to $61 million, aided by $13.5 million of...
Alarm.com Holdings Inc (ALRM) Q1 2026 Earnings Call Transcript
Alarm.com reported Q1 2026 revenue of $265.2 million, up 11% YoY, driven by 10.8% growth in SaaS and license revenue to $181.5 million and 11.5% growth in hardware. The company posted adjusted EBITDA of $49.6 million with an 18.7% margin and generated $49.7 million...
Sempra (SRE) Q1 2026 Earnings Call Transcript
Sempra reported Q1 2026 GAAP earnings of $1.37 billion and adjusted earnings of $991 million, reaffirming its full‑year EPS guidance. The company secured key regulatory approvals, including Oncor’s Texas base‑rate case with a 9.75% ROE and a $4.4 billion UTM filing, and an...
Planet Fitness Inc (PLNT) Q1 2026 Earnings Call Transcript
Planet Fitness reported Q1 2026 net new membership of over 700,000, falling short of internal targets despite a 3.5% same‑club sales increase driven largely by rate growth. Adjusted EBITDA rose 20% to $140 million, though margin slipped to 41.5%, while total...
Payoneer Global Inc (PAYO) Q1 2026 Earnings Call Transcript
Payoneer reported Q1 2026 revenue of $262 million, a 6% year‑over‑year increase, with revenue ex‑interest climbing 11% and total transaction volume surpassing $22 billion. B2B volume surged 44% YoY, while checkout volume jumped 53% following the completion of its Stripe migration. Adjusted...
Strattec Security Corp (STRT) Q3 2026 Earnings Call Transcript
Strattec Security reported a 4.5% year‑over‑year revenue decline in Q3 2026, driven mainly by EV program cancellations and lower sales to Ford and Hyundai Kia. Gross margin improved to 16.5%, up 50 basis points, helped by restructuring savings and tariff recoveries....
Xponential Fitness Inc (XPOF) Q1 2026 Earnings Call Transcript
Xponential Fitness reported 3,137 open studios at quarter end, with 66 new openings and 26 closures, driven by 43 new North American and 23 international locations. The company added a robust Club Pilates pipeline, securing agreements for roughly 160 future...
Warner Music Group Corp (WMG) Q2 2026 Earnings Call Transcript
Warner Music Group reported a 12% rise in total revenue for Q2 2026, propelled by double‑digit growth in recorded music, publishing and physical sales. Adjusted OIBDA surged 24% with margin expanding 230 basis points, while adjusted EPS climbed 38% to...
Analyst Triples Target on Terra Metals to 84c, Tipping 205pc Upside
East Coast Research has tripled its price target for Australian PGM junior Terra Metals to 84 cents, implying a 205% upside from the current 32c price. The upgrade follows a high‑grade Southwest discovery at the Dante project, which returned a peak...
Supply Constraints Decide Winners in Compute Boom
You’d think no one would be surprised we can’t make enough chips. Three earnings prints in 48 hours just confirmed the same story that compute demand has lapped supply, and capacity is the binding constraint across silicon, optics, and IP....
65 Companies That Ate Their Own Shares
"Pay close attention to the cannibals – the businesses that are eating themselves by buying back their stock" -Charlie Munger Here are 65 Stocks that have bought back 10%+ of their outstanding shares in the last decade:
Corporate America Shrugging Off Economic Uncertainty as Earnings Deliver
Corporate America delivered a robust Q1 earnings season, with 84% of S&P 500 companies topping estimates—well above the five‑year average of 78%. Winners such as Uber, Disney, CVS Health and Novo Nordisk posted strong top‑line growth and raised guidance, while all...
APP Appears 50% Undervalued with Explosive Growth
I think $APP does at least 56% revenue growth in 2026 and at least 42% revenue growth in 2027... which gets them to $12B+ revenues in 2027... assuming 84% ebitda margins... $APP now trading at less than 16x 2027 ev/ebitda...
Tesla’s Trillion‑dollar Valuation Already Bets on Robotaxis
In the last four quarters, Tesla produced $3.86 billion in profit. The market cap of the company is $1.5 trillion. It’s hard to argue the market isn’t already giving Tesla significant credit for Robotaxi progress. As the service continues to...
THE GOLD MINERS FREE CASH FLOW REVOLUTION: The Unprecedented Profitability, the Discovery Deficit, Historic Ownership Lows, Digital Age, & Why...
Gold miners are now generating record free cash flow, eclipsing profitability levels seen in the 1970s and early‑2000s. Despite this cash surge, their equity valuations remain deeply compressed, with EV/EBITDA multiples far below those of tech and the broader S&P...
Miners Undervalued; Operating Leverage Drives Upside
Early breakout in the miners. Amazes me how the miners-to-gold ratio still sits at historically undervalued levels. This move is likely to accelerate to the upside. Operating leverage in mining companies during a secular cycle is one of the most powerful dynamics in...
Power‑rich Bitzerodotcom Draws Investors with Stable Nordic Assets
My investment thesis was that @bitzerodotcom has power and other investors are definitely coming to this theme. They have power contracts at very attractive prices. So a company like @bitzerodotcom that has power, land, permits, and fiber, becomes very attractive...
Warner Bros. Discovery Posts $2.91 Billion Q1 Net Loss Due to Paramount Skydance Transaction Costs
Warner Bros. Discovery reported a staggering $2.91 billion net loss for Q1, a sharp rise from the $453 million loss a year earlier. The loss stems primarily from refundable transaction costs tied to the pending Paramount‑Skydance merger. Total revenue slipped 1% to...
Merger Costs Add up as Warner Bros. Discovery Posts $2.9-billion Quarterly Loss
Warner Bros. Discovery reported a $2.9 billion first‑quarter loss, largely driven by a $1.3 billion restructuring charge and a $2.8 billion termination fee to Netflix after the streaming rival withdrew from the Paramount Skydance takeover. Revenue slipped 3% to $8.9 billion, with streaming EBITDA up...
Data Center Surge Makes Optics a New Bottleneck
$COHR delivered a clean BEAT and RAISE on every line that mattered, and the data center business is now the entire story. Record revenue, expanding margins, accelerating bookings, a structural tailwind from CPO. The stock is selling off post-print due...
Arm's Data Center Royalties Double, Silicon Demand Soars
$ARM delivered a clean BEAT and RAISE on every line that mattered, and the data center business doubled YoY. The story is no longer pure IP licensing. It is now also silicon with AGI, and the silicon business is ramping...
Honey Badger Silver (5/6/2026)
Don Durrett’s newsletter outlines a framework for evaluating gold and silver mining stocks and applies it to Honey Badger Silver (HBSD). The junior miner holds about 12 million ounces of combined proven and probable reserves and operates at roughly $5 per...
Paramount+ Gains 700,000 Subscribers in Q1, D2C Revenue Up 11%
Paramount Skydance Corp (PSKY) announced a net addition of 700,000 Paramount+ subscribers in the first quarter, lifting D2C revenue 11% to $2.4 bn. The growth came despite a loss of about one million bundled users, and it nudges the company closer...
India’s Retail and HNI Investors Pivot to Mutual Funds as Direct Stock Holdings Hit Five‑Year Low
Retail and high‑net‑worth investors in India reduced direct equity stakes to a five‑year low of 9.11% of listed‑company shares, while mutual fund ownership climbed to an all‑time high of 11.46% in the March 2026 quarter. The shift reflects growing investor...
AI-Driven Mac Demand Fuels Growth, Cost Pressures Loom
Prediction: When people start getting cowork and codex rockin on their laptops, these gonna a run to upgrade laptops. Good for Macs I’m FY27. Street is looking for 7% growth. Question is how they’ll handle the increased component costs....
Broadcom Climbs to Comerica Bank’s Ninth‑largest Holding, Underscoring AI Chip Confidence
Comerica Bank trimmed its Broadcom stake by 4.7% in Q4 yet still owns 950,377 shares worth $328.9 million, making the semiconductor giant its ninth‑largest holding. The move comes amid a wave of institutional buying and analyst upgrades that push Broadcom’s price...
Schwab US Large‑Cap ETF Hits 12‑Month High, Institutional Buying Accelerates
Schwab's U.S. Large‑Cap ETF (SCHX) surged 0.8% to a new 12‑month high, trading near its 50‑day moving average of $26.80. The rally coincided with fresh buying from several hedge funds and advisory firms, underscoring growing demand for broad large‑cap exposure.
EA Posts Record FY26 Net Bookings of $8.0 B, Driven by Battlefield 6 Launch and Live‑service Growth
Electronic Arts announced FY26 net bookings of $8.026 billion, its highest ever, thanks to the launch of Battlefield 6 and expanding live‑service titles. The results come as a consortium led by Saudi Arabia’s Public Investment Fund moves to acquire EA in an...
Bumble's Q1 Woes Mask 30% Earnings Yield
I wrote an update on Bumble after Q1. Still a messy setup: users are down, the stock is hated, and the new loan is expensive. But bumble remains highly cash generative and I get to a near 30% owner earnings...
Staying the Course: TMDX’s Long‑Term Thesis Remains Intact
Excellent post (below) on $TMDX, I'll do another detailed post in the next few days however in the meantime I'm doing calls with sell-side analysts and management. Here's what I'll say for now... Today is obviously frustrating for long-term shareholders but I...
Onsemi Q1 2026 Revenue $1.513 Billion, Core Metrics Beat Expectations
onsemi reported Q1 2026 revenue of $1.513 billion, topping the midpoint of its guidance, with GAAP and non‑GAAP gross margins steady at 38.5%. GAAP operating margin fell to 3.5% while non‑GAAP margin held at 19.1%, and diluted EPS was $0.08 GAAP...
Viemed Healthcare Q1 2026 Update – VMD
Viemed Healthcare posted Q1 2026 revenue of $75.4 million, up 27% from a year ago, and gross profit of $42.8 million. Adjusted EBITDA reached $14.3 million, though margin fell to 19% as capex declined to $5.5 million and debt was trimmed to $8.3 million. Strong...
Diageo Springs a Surprise, Sales Climb on Africa, Latin America
Diageo reported a surprise uptick in organic net sales, which rose 0.3% in the latest quarter, beating analysts' expectations of a 2.3% decline. Growth in Africa and Latin America offset a pronounced slump in the United States, where health‑driven moderation...
Model Portfolio Performance Through 1Q26
New Constructs released its Q1 2026 model‑portfolio results, showing that several of its strategies outperformed their respective benchmarks. The small‑cap short strategy beat the short Russell 2000 by 7%, while the large‑cap long portfolio topped the S&P 500 by 4%. The Focus List...
THE COMING URANIUM SQUEEZE: The 85M Lb Deficit, the A.I. Demand Shock, the Hollowed-Out U.S. Production Crisis & Why Uranium...
Uranium markets are entering a tight supply cycle, with global demand projected to outpace supply by roughly 85 million pounds, driven largely by AI‑powered data centers and grid modernization. The Sprott Physical Uranium Trust now holds over 81 million pounds—about two years...
Live Podcast Friday: Is Earnings Season Meeting Expectations?
The New Constructs team is hosting a live podcast on May 8 at 12 pm ET to dissect this earnings season’s results. While several heavyweight names reported, even a double‑beat by Palantir couldn’t lift its stock, underscoring how lofty expectations are baked...
Accept Market Returns: Use Total Market Index Funds
The Rolling Stones on investing: "You can't always get what you want But if you try sometime, you'll find You get what you need." We want to outperform, but it's very hard. So, when investing in stocks, at least earn a market return....
Free AMD Price Target Deep Dive – Subscribe Now
👉🏽 You can read my free Deepdive on $AMD here. Make sure to subscribe https://bdinvesting.substack.com/p/amd-price-target-deepdive?r=1fden7&utm_medium=ios&triedRedirect=true
LLMs Likely Mirror Mediocre Funds, Not Market Alpha
I respect the hustle but the concept that an LLM can beat the market, unless very carefully deployed, is, in my opinion, very dubious. Alpha in public markets follows a power law distribution. We see this in multiple dimensions: > 92% of...
Puma's Low Valuation Sparks Global Demand
I like the set-up in Puma here. Insides are buying. Int'l Google search queries are rising. 0.88x revenues is a dramatic discount to even Nike. And you'd think that Anta Sports should be able to push the brand domestically within...
Adjusted Q1 S&P 500 Earnings Growth Near 16%
This is great stuff from Goldman's Ben Snider. If you adjust for Amazon and Alphabet's investment gains, Q1 S&P 500 earnings growth is closer to 16%. https://t.co/1TY62XR8gF
AppLovin Q1 Revenue Jumps 59%, Net Income Surges 67%
AppLovin $APP released its Q1 2026 earnings: revenue of $1.842 BN (+59% y/y), Net Income from continuing operations of $1.206 BN (+67% y/y), Q2 revenue guidance of $1.915 BN - $1.945 BN.
Emerging Markets Set to Outpace Nasdaq 100 Gains
As impressive as the Nasdaq 100's charge is as it pushes fresh record highs, there is another asset class that is looking to outperform the market-cap dense/tech oriented index: emerging markets. Here's the EEM ETF overlaid with the EEM-NDQ ratio:...
Dutch Bros Posts 8.3% Same‑Store Sales Rise, Boosts Guidance
Dutch Bros same-store sales up 8.3%, including 5.1% transaction growth. Revenues up 31%. Company raises guidance on (checks notes) roughly everything. $BROS
Emerging Markets Still Undervalued—Diversify Now
Saw an ad from another firm that said: "Emerging Markets: the train has left the station, but you can still catch it" 10/10. Never too late to diversify. Especially with EM valuations *still* way below US and DM.
Telesat's GEO Business Falls 25%, Loss Triples
Seems like a lot. "Telesat’s Geostationary Orbit (GEO) satellite business declined 25% year-over-year in the first quarter of 2026" Net loss for the quarter was CA$151 million ($111 million) compared to a CA$51 million ($37 million) loss in the prior year, https://t.co/cluTNPsoHJ
SOFI's Strong Business Undervalued Amid Market Melt‑Up
$SOFI has a great business, and I remain convicted that the company's long-term valuation will eventually be appreciated by the market. However, the opportunity cost of owning SOFI right now is becoming massive as it has completely been absent from...
ARM Results Boost Growth and TAM for Agentic CPUs
$ARM results should continue to fuel the fire. Especially the expected order growth and TAM expansion for agentic CPUs. 💪