INSTITUTIONAL RESEARCH

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SHOWING ALL RESEARCH
2Q23 Industrials Themes Mid-Quarter Update | Checking The Altitude Learn More
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Substantial enterprise values remain for the LCIDs, PLUGs, and LAZRs, many of which are on their way to being the next NKLA. Many of the most obviously challenged cyclicals are only...

CHH | CALL REPLAY – BEST IDEA SHORT Learn More
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The catalyst calendar is skewing negative for CHH, and we see downside of 20-25% from here. Hopefully, you can join us for a full deck and presentation of our thesis.

STLD, NUE, X, MP | Steel Update, Adding MP Back As Long | Frictions & Competitive Geographies Learn More
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We’ll review the outlook for MP, including IRA support and Stage II/III developments, and update our short view on the steel/industrial metals names in a black book today at 2PM ET. We see MP shares offering ...

MP, ALB, LTHM | MP Materials Corp. (MP) Thesis Learn More
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Materials thesis on rare earths outside of China...

OC | Removing As Best Ideas Long…For Now Learn More
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Our catalysts for a higher share price, including a disinflationary impulse, more resilient long-cycle demand, and IRA subsidies, are better recognized. We like the OC long-term thesis...

NEM, GOLD | The Long Case for Gold? Primer Learn More
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Gold Miner Divergence, Key Quad 4 risk off winners

CALL REPLAY | GLL Q1 EARNINGS PREP & BEST IDEAS REVIEW Learn More
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In the presentation we plan to address the latest on industry drivers, stock and industry specific data tracker updates, and importantly, model and estimate updates. Potential idea and bias shifts could occur. Please tune in.

Call Replay | Merchant Acquiring - Industry Overview & Positioning Learn More
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A wholesale review of the acquiring ecosystem and how we think the relative winners and losers will look in light of both secular and cyclical dynamics affecting the industry.

CALL REPLAY | SB & iC & DKNG – THE YEAR OF INFLECTION Learn More
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In the deck we address questions about sustainable levels of top line growth, the competitive landscape, the trajectory of new state launches, the path to profitability, and the stock drivers of the next 6-9 months. Tune in.

2Q23 Industrials Themes | Cyclicals Have Tipped Over Learn More
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While the profitless growth promotions have underperformed sharply since early 2022, the share prices of companies in cyclical industries have mostly held up well. Margins for many manufacturers are at or near all-time ...

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