1. Blackstone has gained +182% since late December 2022, significantly outperforming the financial/banking sector and S&P 500 index. 2. The stock's valuation has become extreme, with a forward P/E of 44x and price to sales ratio above 15x, indicating investor caution. 3. Blackstone's potential reward proposition is a total failure compared to safer investments like Treasury securities. 4. Today's valuation is unsustainable, especially if a recession hits during 2025, focusing on a more reasonable price target range of $100 to $130 over the next 12 months.

1. ServiceNow is upgraded to a neutral rating due to strong Q3 results; 2. The company's stock is overvalued with a forward revenue multiple of ~16x and a forward P/E ratio of ~64x; 3. Risks include limited operating margin expansion and competition from major companies.

1. NVIDIA surpassed Q3 FY2025 expectations with $35.1B in revenue and $0.81 EPS, driven by strong Data Center segment performance. 2. Concerns remain over supply constraints for Hopper and Blackwell GPUs, and ongoing gross margin contraction. 3. Nvidia's stock remains overvalued at $145 per share, with a 5-year expected CAGR of ~3.4%, falling short of the investment hurdle rate.

1. JPMorgan's Q3 earnings exceeded expectations with significant beats in key metrics like net revenue, net interest income, and EPS, leading to a 4.44% stock price increase. 2. Year-over-year, NII growth was modest at 3%, and net income decreased by -1%. However, non-interest revenue saw a strong 12% growth. 3. Despite the CEO's belief that the stock multiple is inflated, the author believes it is fairly valued and justifies a buy rating due to the bank's strong positioning.

1. Lockheed Martin is benefiting from the current geopolitical environment; 2. The company shows strong technical and fundamental performance; 3. The article justifies a buy rating despite high valuation multiples.

1. Despite Spotify's strong performance in 2024, its valuation remains high, requiring significant growth to justify. 2. The company's profitability has improved through layoffs and lower royalties, but the rising valuation suggests higher growth targets that may be challenging to meet. 3. Analysts expect Spotify's sales to grow 38.4% over two years, but it is uncertain whether the company can maintain high profit margins while outperforming larger rivals like Apple and Amazon.

1. Micron's 4Q FY2024 earnings report led to an 18% stock rebound, driven by +80% YoY revenue growth and a positive industry outlook; 2. The company expects to generate 583% YoY non-GAAP EPS growth in FY2025; 3. Management anticipates high-margin products will increase revenue mix and reduce exposure to China, with robust capital investments in HBM3e and next-gen HBM4 and HBM4E.

1. Super Micro Computer, Inc. is facing increased scrutiny as the DoJ probes the company following recent allegations. 2. Despite the market's pessimism, SMCI's AI thesis remains intact due to its market leadership in AI rack servers. 3. The author explains why SMCI's risk/reward profile is still favorable for buyers willing to endure recent market volatility.

1. Starbucks' premium brand image and pricing power are challenged as consumer spending slows, impacting earnings and comparable store sales. 2. Q3 FY24 results show a 0.6% YoY revenue decline and a 4.2% drop in operating income, indicating economic pressures on consumer spending. 3. Despite opening 526 new stores, revenue growth remains weak, and the stock appears fairly valued with significant growth expectations already priced in.

1. Philip Morris International has raised its dividend by 3.8% to $5.40/share annually, but the author rates the stock as a Hold due to limited upside potential. 2. Despite $49.15 billion in debt, PM's dividend is safe, supported by strong free cash flow. 3. Smoke-free products now contribute 38.3% of revenues, with a goal of over two-thirds by 2030, driving future growth.

1. Initiated coverage on Kinross Gold with a 'Hold' rating due to its strong fundamentals and operational performance, despite a 76% surge in stock price over the past year. 2. The stock is attractively valued with potential for 30%-40% upside, supported by strong financials including $480M cash and $2.1B liquidity. 3. Concerns remain about production growth in the next 24-36 months, necessitating potential asset acquisition or merger to boost reserves and production.

1. Nvidia's revenue growth is slowing significantly; 2. Delays in the release of new Blackwell chips could impact growth and stock valuation; 3. Hedge fund Elliott Investment Management labels Nvidia as a 'bubble', raising concerns about future demand and growth potential.

1. ACCO Brands has been experiencing declining revenue, profits, and cash flows. 2. Despite the financial downturn, the company's stock remains attractively priced compared to peers. 3. Management anticipates an improvement in the second half of the year, suggesting potential share appreciation.

1. DiDi Global reported Q2 earnings with record high transactions and GTV, but domestic transaction volume growth has slowed. 2. The company's profitability and operational efficiency continue to improve, particularly in the China Mobility segment. 3. Despite short-term headwinds, DiDi's turnaround is progressing well, with the stock offering over 55% upside potential from fair value estimate.

1. Palo Alto Networks' Q4 earnings exceeded expectations, but the stock is overvalued at 29x forward free cash flow for mid-teen growth rates. 2. The author upgraded the stock from sell to hold, suggesting better opportunities in the cybersecurity sector. 3. SentinelOne, with faster growth and better valuation, is considered a more attractive investment compared to Palo Alto Networks.

1. Palantir's intrinsic value continues to increase, supported by robust core business growth. 2. The company demonstrates strong sales efficiency and is rewarded in the market for it. 3. Despite being the most expensive SaaS company, Palantir is not overvalued and is fairly priced based on its intrinsic value.

1. Ranpak Holdings Corp. has shown revenue, profit, and cash flow improvements, but its stock is now overvalued compared to peers. 2. The company has introduced innovative sustainable packaging products, which could drive future growth. 3. Given the current valuation and expected challenges in profitability, a 'hold' rating is recommended.

1. Grab Holdings, often referred to as the 'Uber of Southeast Asia', has seen its shares drop by over 72% since its IPO in 2021. 2. Despite this, the company's financials are improving, with a path to profitability expected by late this year or early 2025. 3. With a more reasonable valuation and potential for a re-rating due to improved profitability, the stock could see significant upside, similar to Uber's trajectory.

1. Amazon's Q2 2024 earnings are expected to exceed market expectations due to strong Q1 performance and raised EPS estimates. 2. Despite Jeff Bezos' share sales, Amazon's fundamentals remain robust with potential for growth in various sectors. 3. The stock may still be undervalued by ~23.7% based on DCF fair value calculations, prompting a reiteration of the 'Buy' rating.