business

Desk Notes: Watchlist Upgrades & Downgrades (August 2026)

This is an overdue update to the Watchlist, reflecting how the investment landscape has continued to evolve throughout the year. The revisions incorporate changes in the macroeconomic environment, industry fundamentals,…

axb August 6, 2026

Coverage Notes

Desk Notes: Accenture to AI Narrative, Didn’t Hear No Bell

In recent months, shares of Accenture (NYSE:ACN) have come under pressure as investors debate whether artificial intelligence could fundamentally disrupt the consulting industry. The argument appears straightforward: if generative AI…

axb March 15, 2026

Coverage Notes

Desk Notes: Rocket Lab, Let Them Cook

Rocket Lab (NASDAQ:RKLB) presents an intriguing investment opportunity in the rapidly evolving space economy, offering significant upside for investors willing to watch the story develop. The company has grown into…

axb March 2, 2026

Coverage Notes

Desk Notes: Pinterest Fumbling Its Data Moat

Pinterest’s trajectory tells a story that many investors may find puzzling. The platform has grown into one of the largest visual discovery engines in the world, with a deeply engaged…

axb February 14, 2026

Coverage Notes

Desk Notes: The Beginning of the End for PayPal?

PayPal’s stock tells a story few long term investors expected. After trading above $300 during the pandemic driven surge in digital payments, the shares now sit below $50 as growth…

axb February 3, 2026

Coverage Notes

Desk Notes: The Great SaaS Misunderstanding

Enterprise software has been sold off as investors assume AI, agents, and “vibe coding” will replace platforms like Salesforce, ServiceNow, and even Palo Alto Networks. The narrative suggests AI can…

axb February 1, 2026

Market Commentary

The Week Ahead: Week of 1/19-1/23

Earnings remain in focus this week, with several Watchlist names set to report. Netflix (NASDAQ:NFLX) reports Tuesday after the close, and its results and commentary could influence sentiment across both…

axb January 19, 2026

Coverage Notes

Desk Notes: Watchlist Upgrades & Downgrades

The Watchlist is getting a refresh for the start of 2026. This update includes a series of upgrades and downgrades that reflect meaningful shifts in the underlying investment theses. The…

axb January 12, 2026

Market Commentary

The Week Ahead: Week of 1/12-1/16

The first earnings season of 2026 kicks off this week, with several major financial institutions leading the way. Keep an eye on JPMorgan (NYSE: JPM), Bank of America (NYSE: BAC), Citigroup (NYSE: C),…

axb January 11, 2026

Market Commentary

The Week Ahead: Week of 9/22-9/26

Markets have entered a quieter stretch for earnings, leaving economic data as the primary driver of direction. Rate-sensitive stocks rallied following last week’s Fed decision, and that momentum could extend…

axb September 21, 2025