Paycom Q3 2025: When Product Excellence Meets Market Reality
Paycom delivered Q3 results that met guidance but failed to inspire. Despite management’s evangelizing about IWant AI and Beti’s game-changing capabilities, revenue growth of 10.6% continues to lag competitor Paylocity’s…
The $100k Stock Market Shopping List (November 2025 Edition)
Google went from $143 to $300 in months after appearing in my April shopping list. The narrative shifted from ‘Search is dead’ to ‘full-stack AI solution.’ Same company, different story….
What PayPal CEO Revealed at Citi’s Conference That Spooked the Markets
PayPal CEO Alex Chriss laid out three specific challenges at Citi’s FinTech Conference that sent the stock lower. But the presentation also contained significant progress that the market completely ignored.
Trade Desk Q3 2025: When Self-Inflicted Wounds Meet External Pressures
Trade Desk delivered solid Q3 results with 22% growth ex-political, but the competitive landscape has fundamentally changed. While management dismisses Amazon as “not really competing,” Digiday data shows advertiser preference…
Sea Limited Q3 2025: Ridiculous Results with a Few Raised Eyebrows
Sea Limited delivered spectacular Q3 results—bookings up 51%, GMV up 28%, loan book up 70%. But the headline numbers mask some concerning underlying trends that warrant close attention. Here’s what…
PayPal Q3 2025: The Transformation Playbook is Working
After releasing Q3 earnings and announcing a ChatGPT partnership, PayPal’s stock jumped 15%—then erased all gains in two days. The company delivered exactly what management promised: Braintree’s return to profitable…
Meta Q3: Why Mr. Market Hates a 26% Revenue Grower
Meta delivered 26% revenue growth and 49% operating margins, yet the stock dropped 15%. Here’s my complete analysis of their $106 billion AI infrastructure bet, why it might actually make…
The Expanding Pie: Why Google’s Q3 Proves AI Isn’t Zero-Sum
Alphabet’s Q3 2025 validates the contrarian bet: $102.3B revenue (+16%), first $100B quarter ever. Search accelerated to 15% growth despite AI competition. Cloud margins hit 23.7%. AI Mode has 75M…
Netflix: Record Engagement Masks a Market Share Problem
Sony Pictures spent over $100 million creating KPop Demon Hunters. They then sold it to Netflix for a guaranteed profit, choosing certainty over potential billions in franchise value. It’s now…
Trip Holdings: The Vacation May Be Over
When Titans Clash Over Food Delivery Competition in China is immensely brutal, way more brutal than what we’ve seen in the West. Most recently, we’ve seen JD.com, one of the…
Portfolio Update: Shifting Sands in China
JD.com has entered the travel business with guns blazing. They’re offering hotels zero commission for three years and Richard Liu says he’s willing to lose money for years to win….
[8 Sep 2025] Portfolio Update: Lululemon Letdown
This report is a continuation from my Q2 2025 report: Lululemon: From Turnaround to Letdown (LINK). Let me cut to the chase: I’m trimming my Lululemon position by 50%. The…