https://www.gngresearch.com/articles Expert financial research, stock analysis, and portfolio tools from GNG Research. en-us Wed, 03 Jun 2026 14:18:37 GMT https://www.gngresearch.com/articles/6cc99c41-b4c2-481d-8a6d-9c4df174b727 https://www.gngresearch.com/articles/6cc99c41-b4c2-481d-8a6d-9c4df174b727 Tue, 02 Jun 2026 14:25:37 GMT research@gngresearch.com (GNG Research) INTU down ~56% to ~$331 from >$800, trading well below the 200-day at $554 - thesis: market priced collapse, but business intact; staged Strong Buy, blended fair value $480, 12-month target $430, margin of safety ~31% Buy schedule - start a partial near $331, add on a defended retest low $300s, commit final tranche after reclaiming mid-$360s and the $385-$405 confirmation zone, position size 1% t… https://www.gngresearch.com/articles/203f7103-b31b-4147-bae9-0425cc2270ca https://www.gngresearch.com/articles/203f7103-b31b-4147-bae9-0425cc2270ca Mon, 01 Jun 2026 20:01:01 GMT research@gngresearch.com (GNG Research) I recently showed how the AI boom has the potential to generate $5 trillion in annual revenue and justify up to $5.3 trillion in annual capex spending by 2030. While that is not the base-case (Jensen's forecasts are 65% of the max potential) here's what it means for Nvidia's likely and possible returns through 2031. In the short-term (12 to 24 months) 122% to 185% returns are justified (57% to 69… https://www.gngresearch.com/articles/bc0fc7d2-bd80-4978-ae9f-d4fcf3b33127 https://www.gngresearch.com/articles/bc0fc7d2-bd80-4978-ae9f-d4fcf3b33127 Mon, 01 Jun 2026 12:41:05 GMT research@gngresearch.com (GNG Research) Policy not cheap money, persistent fiscal deficits lift the term premium, keeping 10-year and 30-year mortgage rates elevated - unlikely to return to a 3%-4% mortgage era Bipartisan ROAD to Housing Act targets a 4-million-unit gap via a 350-home cap on for-profits and up to 25% lower single-family construction costs through deregulation and block grants Homeowner lock-in of sub-4% mortgages freez… https://www.gngresearch.com/articles/4ab1efbb-7c9b-4882-82dc-5b8f99051477 https://www.gngresearch.com/articles/4ab1efbb-7c9b-4882-82dc-5b8f99051477 Sat, 30 May 2026 18:37:44 GMT research@gngresearch.com (GNG Research) Hedge a portfolio with a single index put sized to portfolio beta - portfolio beta is the dollar-weighted average of single-name betas; example book beta 1.15 on $500k. Size by dollar-beta then delta-adjust - $500k x 1.15 = $575k exposure, delta-one equals ~8 SPY contracts at $752, a -0.30 delta put scales that to 26 SPY puts. Delta dynamics and convexity matter - put delta rises toward -1 as the… https://www.gngresearch.com/articles/9ba8c558-38d9-46dd-86f3-20b559697bd7 https://www.gngresearch.com/articles/9ba8c558-38d9-46dd-86f3-20b559697bd7 Thu, 28 May 2026 13:36:06 GMT research@gngresearch.com (GNG Research) Model-weighted December Top 10 returned ~34% over six months, equal-weight ~36% vs S&P 10.5%; eight of ten winners, two losers (NICE, BABA); top performers ~+130%, TSM +42% Thesis update - chokepoints widened from compute and networking to high-bandwidth memory and optical interconnects; chips are now stacked, memory-heavy systems demanding more process intensity, prompting three swaps Micron (MU… https://www.gngresearch.com/articles/cb70b7ed-40bd-4221-9a1f-09a453c5aec1 https://www.gngresearch.com/articles/cb70b7ed-40bd-4221-9a1f-09a453c5aec1 Thu, 28 May 2026 12:15:37 GMT research@gngresearch.com (GNG Research) Consumer staples face an "elasticity cliff" - broad CPG is under pressure from price-sensitive consumers, weak confidence, and fixed-cost deleveraging, with CAG, KHC, CPB among notable victims McCormick yields just over 4.0% and trades near a 10-year price low ex-dividends, presenting a deep-value income opportunity relative to weakened peers McCormick manufactures a large share of private-label… https://www.gngresearch.com/articles/f7dbd53d-fb50-44dd-bccd-f69c58f5a1f2 https://www.gngresearch.com/articles/f7dbd53d-fb50-44dd-bccd-f69c58f5a1f2 Wed, 27 May 2026 14:03:44 GMT research@gngresearch.com (GNG Research) The capex spending from hyperscalers has been accelerating for 3 consecutive years despite growth spending that is now greater than the US government's (from 4 companies). For 3.5 years growth capex estimates keep climbing and investors probably would like to know "What is the maximum hyperscalers could spend without risking their credit ratings?" This weekend our research team dove deep to model… https://www.gngresearch.com/articles/74999b91-6ab1-4e63-96d7-f1dd5d7fea1c https://www.gngresearch.com/articles/74999b91-6ab1-4e63-96d7-f1dd5d7fea1c Wed, 27 May 2026 13:56:06 GMT research@gngresearch.com (GNG Research) Investors understandably hear CEOs like Jensen Huang (Nvidia) talk about $3 to $4 trillion in annual AI spending by 2030 and ask "is this the mother of all bubbles?!" The capex spending keeps rising every quarter and investors worry about a 1990s style telecom oversupply that lead to an 82% tech crash and 3 years of bear market and a mild recession. This weekend I worked with our research team to… https://www.gngresearch.com/articles/c4b3cdb5-df43-45e0-afd7-35f477a5a6c3 https://www.gngresearch.com/articles/c4b3cdb5-df43-45e0-afd7-35f477a5a6c3 Tue, 26 May 2026 19:05:45 GMT research@gngresearch.com (GNG Research) Hedging secures realized gains by converting open-ended losses into a known, survivable worst-case, preserving compound returns - insurance with an explicit, quantifiable cost and strong regime dependence Options suit hedging due to asymmetry - limited premium downside with open-ended protective payoff, precision of strike and expiry selection, and capital efficiency where small premiums hedge la… https://www.gngresearch.com/articles/3f5785ff-e8e0-49bc-bc45-b64eb3d8ac92 https://www.gngresearch.com/articles/3f5785ff-e8e0-49bc-bc45-b64eb3d8ac92 Mon, 25 May 2026 18:46:50 GMT research@gngresearch.com (GNG Research) Market prices T-Mobile at utility multiples - ~11-12x this year's guided FCF, EV ≈10x EBITDA and 8.6% FCF yield, implying ~1% annual FCF growth need vs management's 2026 service-revenue guide near 8%. Operational quarter: postpaid net adds 217k (+6%), ARPA $151.93 (+3.9%), service revenue +11% to $18.8bn, broadband adds >500k; core adj EBITDA $9.2bn (+12%), OCF $7.2bn (+5%), adj FCF $4.6bn (+5%).… https://www.gngresearch.com/articles/f969c56c-53d7-42d3-b384-ecd8c81f70fc https://www.gngresearch.com/articles/f969c56c-53d7-42d3-b384-ecd8c81f70fc Mon, 25 May 2026 13:48:46 GMT research@gngresearch.com (GNG Research) Healthcare has hit a 26-year relative low, but weakness alone does not make the sector a buy. AI-led capital flows, patent cliffs, IRA pricing pressure, and GLP-1 disruption explain much of the selloff. I prefer selective exposure: picks-and-shovels, AI-driven platforms, and discounted turnarounds over broad healthcare ETFs. TMO, WST, LLY, ISRG, and PFE stand out as stocks to watch, each with dif… https://www.gngresearch.com/articles/254d5214-aeb1-48dd-abaf-ab1fcffd8e17 https://www.gngresearch.com/articles/254d5214-aeb1-48dd-abaf-ab1fcffd8e17 Thu, 21 May 2026 12:03:22 GMT research@gngresearch.com (GNG Research) Colorado River overallocated under the 1922 Compact, Lake Mead and Lake Powell are roughly 75% below peak volumes, and Lake Powell faces its lowest inflow since 1963, raising federal intervention risk and forced cuts Federal intervention and allocation cuts will force SoCa municipal and industrial users to pursue alternative baseload supplies, underground banking and private water infrastructure,… https://www.gngresearch.com/articles/1f98bc51-1d96-4ca5-976b-4b6692716df2 https://www.gngresearch.com/articles/1f98bc51-1d96-4ca5-976b-4b6692716df2 Wed, 20 May 2026 20:26:50 GMT research@gngresearch.com (GNG Research) BXDC is not a proven REIT yet. It is a Blackstone-backed call option on powered, stabilized, hyperscaler-leased data centers, aka the real estate where AI actually lives. 😉 The no-demand AI bear case is getting wrecked: token usage, AI revenue, cloud backlog, and hyperscaler capex are all screaming that compute demand is real. This is not "AI vibes." Data centers need power, land, water, cooling… https://www.gngresearch.com/articles/66dc33ae-e1a3-4d34-b62c-79bf4ab84bc9 https://www.gngresearch.com/articles/66dc33ae-e1a3-4d34-b62c-79bf4ab84bc9 Wed, 20 May 2026 13:45:03 GMT research@gngresearch.com (GNG Research) Historical map, quantified - S&P midterm-year avg +4.7% since 1931 vs +9.5% non-midterm, October vol 19.9% vs 12.3%, post-election 12m avg +15.4% since 1950, 19 consecutive positive cycles Terrain divergence - Brent above $100 on Hormuz headlines, Fed uncertain on oil-driven inflation, defense and midstream trading at premiums, federal interest expense higher than any of prior six midterms Risk t… https://www.gngresearch.com/articles/0f118bfc-f1d9-43f3-9770-48f1d6d34cb7 https://www.gngresearch.com/articles/0f118bfc-f1d9-43f3-9770-48f1d6d34cb7 Tue, 19 May 2026 23:07:38 GMT research@gngresearch.com (GNG Research) ZEUS just bought a 1% starter speculative position in Blackstone's data center REIT (full report coming tomorrow in the 2nd part of this report). The reason is that data centers are the ultimate utility for the accelerating growth in AI demand (170X over the last 2 years overall & 320X over the last year for OpenAI enterprise). This report shows why the "insanely unsustainable" capex spend estima… https://www.gngresearch.com/articles/f3f8d40e-8e94-49a8-a15f-96d94ffd2083 https://www.gngresearch.com/articles/f3f8d40e-8e94-49a8-a15f-96d94ffd2083 Mon, 18 May 2026 18:14:07 GMT research@gngresearch.com (GNG Research) Market punished CRM - 41% off 52-week high, ~24% below 200-day - yet trailing 12-month free cash flow was $14.4B on $41.5B revenue, FCF margin 34.7% and cash conversion ~96% Execution metrics support resilience - 3-yr FCF CAGR 31.6%, 5-yr revenue CAGR 14.3%, 3-yr EPS CAGR 26%, last 8 quarters 88% beat rate, avg surprise 7.6% Shareholder-friendly capital allocation - dividend raised to $0.44, $25B… https://www.gngresearch.com/articles/a83a564b-0971-4ab2-832e-ae6efa2d26b3 https://www.gngresearch.com/articles/a83a564b-0971-4ab2-832e-ae6efa2d26b3 Mon, 18 May 2026 11:49:02 GMT research@gngresearch.com (GNG Research) The market is shifting to machine-speed, agentic dynamics, so traditional 20th-century behavioral frameworks are insufficient for generating alpha in this structural AI-led regime QQQ rallied ~30% in under two months, top 10 stocks now represent roughly 40% of the S&P 500, Q1 profits jumped 27% vs ~12% consensus, trailing 12-month margins hit 13.9% The Passive Arbitrage Trap - market-cap weighted… https://www.gngresearch.com/articles/51b74bde-52bb-44a9-be0f-8409d53b7cc1 https://www.gngresearch.com/articles/51b74bde-52bb-44a9-be0f-8409d53b7cc1 Fri, 15 May 2026 13:37:07 GMT research@gngresearch.com (GNG Research) 8-name barbell built for 2026 midterms and geopolitics - each position has a defined job, no revenue overlap, and at least two names should perform in any of three stress regimes Backtest demonstrates the construction's asymmetry - ~27.5% CAGR over five years with quarterly rebalance, outperformed the index in three crisis windows, and made money in 2022 while the S&P fell 19% Conventional "defen… https://www.gngresearch.com/articles/4f438602-6654-4392-87cf-b88ad517f08b https://www.gngresearch.com/articles/4f438602-6654-4392-87cf-b88ad517f08b Thu, 14 May 2026 13:40:17 GMT research@gngresearch.com (GNG Research) QXO is executing a generational rollup via the $17B TopBuild acquisition, repositioning the company as a vertically integrated construction and home improvement supplier Deal financing is ~55% stock and 45% cash, creating immediate dilution and merger arbitrage shorts that flood supply until close in late 2026 The 45% cash funding raises leverage in a higher-for-longer rate regime, Apollo preferr… https://www.gngresearch.com/articles/56a07bc2-0a72-4587-83d7-026f0a15d092 https://www.gngresearch.com/articles/56a07bc2-0a72-4587-83d7-026f0a15d092 Mon, 11 May 2026 18:06:46 GMT research@gngresearch.com (GNG Research) Installed base of ~80,000 GE/CFM engines underpins a multi-decade aftermarket annuity - each engine yields 25-30 years of shop visits, parts and overhauls; Q1 engine deliveries +43% accelerates that revenue stream Q1 highlights: total revenue $12.4B (+25%), adjusted revenue $11.6B (+29%), operating profit $2.5B (+18%), adj EPS $1.86 (+25%, beat $1.60), FCF $1.7B (+14%), orders +87%, backlog $211.… https://www.gngresearch.com/articles/9effbbe6-6e33-4b37-93f7-feafcbf0bff3 https://www.gngresearch.com/articles/9effbbe6-6e33-4b37-93f7-feafcbf0bff3 Mon, 11 May 2026 13:31:03 GMT research@gngresearch.com (GNG Research) Market regime shift from 2021-22 Net Zero/ESG orthodoxy to explicit "Energy Pragmatism" - traditional energy assets are being structurally revalued and present material mispricing opportunities We are in a "Geopolitical Super-Volatility" era - almost a decade of underinvestment in supply plus rolling geopolitical shocks means prices won't self-correct via rapid new supply Portfolio imperative - a… https://www.gngresearch.com/articles/ffa1274f-affc-40ab-84ce-f8848af60615 https://www.gngresearch.com/articles/ffa1274f-affc-40ab-84ce-f8848af60615 Fri, 08 May 2026 22:28:09 GMT research@gngresearch.com (GNG Research) Mercado Libre just reported 49% sales growth and a big investment push and the market punished it with a 12% selloff. ZEUS bought 30% more MELI. Operating cash flow per share growth of 101% confirms management's claims that they are choosing to keep margins low to become the dominant retailer/financial company in Latin America. 36% EPS growth consensus and 40% CAGR operating cash flow growth mean… https://www.gngresearch.com/articles/c9c85e6a-9692-42c8-a026-855a9dbd78a6 https://www.gngresearch.com/articles/c9c85e6a-9692-42c8-a026-855a9dbd78a6 Fri, 08 May 2026 20:23:34 GMT research@gngresearch.com (GNG Research) Major portfolio update launched GNG Analyst now live for all users Performance tab now supports time-weighted return, simple return, and cost-basis metrics, with benchmark comparisons and re-basing charts to measure active value-add ETF look-through and overlap detection are live, alongside full transactions, tax-lot realized gains, dividend calendar, and portfolio fair-value blends from multiple… https://www.gngresearch.com/articles/3fcb1296-29a0-4223-aab9-45845b7afd2e https://www.gngresearch.com/articles/3fcb1296-29a0-4223-aab9-45845b7afd2e Thu, 07 May 2026 12:56:22 GMT research@gngresearch.com (GNG Research) The market is mistaking a temporary Iran/Hormuz shock for the end of a much bigger structural inflation regime. Deglobalization, AI infrastructure demand, and tighter commodity markets are driving a long-term “physical boom.” The old 60/40 portfolio struggles in a world of sticky inflation, scarce capacity, and rising real-asset demand. Energy royalties, grid infrastructure, industrial equipment,… https://www.gngresearch.com/articles/9e380bc3-500a-43de-90f1-134fe426e4de https://www.gngresearch.com/articles/9e380bc3-500a-43de-90f1-134fe426e4de Mon, 04 May 2026 21:26:10 GMT research@gngresearch.com (GNG Research) Shell’s $16.4B ARC deal signals easing Canadian bottlenecks and a coming volume-driven energy upswing, likely triggering more M&A and supporting long-term bullish energy fundamentals. Traditional E&Ps face heavy CapEx and cost pressures; I prefer royalty/infrastructure models that capture revenue upside without operational risk or capital intensity. Topaz Energy fits my TOLL framework: premium ac… https://www.gngresearch.com/articles/68010b18-78b2-4f33-970f-4948d45dec01 https://www.gngresearch.com/articles/68010b18-78b2-4f33-970f-4948d45dec01 Mon, 04 May 2026 13:43:57 GMT research@gngresearch.com (GNG Research) Microsoft ranked #1, Q3 revenue $82.9B (+18%), operating income $38.4B, Cloud $54.5B (+29%), AI run-rate $37B (+123%), 2026 capex ~$190B, stock $414.40, Vulcan flags ~32.6% discount to fair value Alphabet ranked #2, Q1 revenue $109.9B (+22%), operating income $39.7B, EPS $5.11, Cloud $20B (+63%) with ~$462B backlog, 2026 capex $180-190B, stock near 52-week high, ~14% discount, antitrust overhang… https://www.gngresearch.com/articles/1a9125d4-6860-4d94-a56b-6fc9e4c34ccd https://www.gngresearch.com/articles/1a9125d4-6860-4d94-a56b-6fc9e4c34ccd Fri, 01 May 2026 23:05:51 GMT research@gngresearch.com (GNG Research) The most important day in earnings history was Wed April 29th, when all 4 hyperscalers announced earnings at the same time. They all beat on the top and bottom line and announced higher capex spending. $660 billion in growth capex spending guidance went to $715 billion, or 2.2% of GDP. 88% of that is expected to be funded by cash flow and the AI cloud computing backlog grew 143% to $1.5 trillion.… https://www.gngresearch.com/articles/92ce5532-726f-4f79-9148-acaac67dd105 https://www.gngresearch.com/articles/92ce5532-726f-4f79-9148-acaac67dd105 Thu, 30 Apr 2026 15:29:18 GMT research@gngresearch.com (GNG Research) Roman Philosopher Seneca said "Luck is what happens when preparation meets opportunity." 2026 has been an incredible year of Fundamentally justified luck for ZEUS BUT I am always seeking ways to simplify or improve the ZEUS strategy (50% managed futures, 25% growth, 25% value) and Glenn recently found a new ETF that is extremely promising. IALT is the Blackrock Alts ETF that uses AI quant algos t… https://www.gngresearch.com/articles/8c2d1ffe-a16f-40b4-b8d2-3dd7c5df1194 https://www.gngresearch.com/articles/8c2d1ffe-a16f-40b4-b8d2-3dd7c5df1194 Thu, 30 Apr 2026 10:54:19 GMT research@gngresearch.com (GNG Research) Markets remain highly concentrated as AI dominates, but rising inflation risks and commodity pressures are creating a fragile, binary setup for the broader economy. I’m leaning toward economic reacceleration, which makes this an ideal time to hunt for overlooked compounders with durable, real-world moats. Badger Meter fits my TOLL framework perfectly - temporary weakness is timing-driven, while l… https://www.gngresearch.com/articles/f3775b1f-6ef0-4ed9-9919-001f94a55376 https://www.gngresearch.com/articles/f3775b1f-6ef0-4ed9-9919-001f94a55376 Wed, 29 Apr 2026 17:27:00 GMT research@gngresearch.com (GNG Research) WES declared $0.93 quarterly, $3.72 annual at ~$41.69, forward yield ~8.9%, 2026 DCF/unit guide $4.59-$5.08, distribution coverage 1.23x-1.37x, implying resilient payout support Permian produced water runs roughly 3-5 barrels per barrel of oil, volumes track activity not oil price, fees are often contracted and acreage-dedicated - cash flows resemble infrastructure Acquired Aris for roughly $2.0… https://www.gngresearch.com/articles/b2e55bf7-9379-4261-81f9-af753954f01d https://www.gngresearch.com/articles/b2e55bf7-9379-4261-81f9-af753954f01d Tue, 28 Apr 2026 20:22:21 GMT research@gngresearch.com (GNG Research) GNG Analyst is a portfolio-aware research partner that executes analyst workflows - it runs real data and math, shows charts and tables, and explains findings instead of offering chatty summaries Pulls live fundamentals, dividend history, earnings, insider trades, options and news, and delivers interactive charts, tables and automated peer comparisons with analyst-selected metrics Direct brokerag… https://www.gngresearch.com/articles/e2e7e6f6-e2af-438a-b03d-c572341df18c https://www.gngresearch.com/articles/e2e7e6f6-e2af-438a-b03d-c572341df18c Mon, 27 Apr 2026 15:46:41 GMT research@gngresearch.com (GNG Research) Q1 clean quarter: Adjusted EPS $1.11, +90% YoY; NIM ex-OID 3.52% trending toward the 3.60%-3.70% guide, retail auto NCOs 1.97% inside the 1.8%-2.0% 2026 target Deposit and margin dynamics support guide - cumulative deposit beta 63% after a second 10bp cut, retail deposits $146B with 92% FDIC-insured, and record 4.4M applications underpin NIM trajectory Capital return and income profile improving… https://www.gngresearch.com/articles/22ad00f8-a430-4a6f-b850-35935cf727e4 https://www.gngresearch.com/articles/22ad00f8-a430-4a6f-b850-35935cf727e4 Mon, 27 Apr 2026 13:23:59 GMT research@gngresearch.com (GNG Research) I run a high-conviction, concentrated portfolio of 15 stocks built around wide-moat compounders and long-term capital appreciation over current income. The portfolio excels in quality, inflation resilience, and growth, but comes with elevated volatility due to sector concentration and cyclical exposure. Core themes include Permian landowners, logistics leaders, aerospace/defense, and “tollbooth”… https://www.gngresearch.com/articles/8fbb84fc-41a4-407c-aa1d-0fbf2b5f59c4 https://www.gngresearch.com/articles/8fbb84fc-41a4-407c-aa1d-0fbf2b5f59c4 Fri, 24 Apr 2026 20:33:13 GMT research@gngresearch.com (GNG Research) The most important earnings day in history is April 29th (Wed) when AMZN, MSFT, META, and GOOG announce (all hyperscale's at once) Earnings from TSMC, SK Hynix, and ASML prove that AI demand is still far above supply. Hyperscale's are going to report strong earnings, and likely higher capex. NVDA gets 50% of their capex spend with 55% FCF margins and 90% FCF/share growth this year (100% if China… https://www.gngresearch.com/articles/ac0032e0-86b8-4802-ba78-a6edc909e6d7 https://www.gngresearch.com/articles/ac0032e0-86b8-4802-ba78-a6edc909e6d7 Fri, 24 Apr 2026 13:32:14 GMT research@gngresearch.com (GNG Research) Structural disconnect - NTES trades ~14% below its 200-day MA at ~$115 while cash generation, buybacks and a rising dividend suggest the slide is market-driven, not a broken business. Operating engine intact - FY25 games revenue 92.1B RMB (~$12.9B), games 82% of sales; 5-year revenue up $12.85B to $16.51B, operating income 2.41B to 5.25B, FCF 3.20B to 7.14B. Pristine liquidity and shareholder ret… https://www.gngresearch.com/articles/7db053fe-16ba-4782-aa3e-16c6f571adef https://www.gngresearch.com/articles/7db053fe-16ba-4782-aa3e-16c6f571adef Thu, 23 Apr 2026 10:26:23 GMT research@gngresearch.com (GNG Research) RTX sits at the intersection of surging defense demand and a commercial aerospace aftermarket supercycle, benefiting from structural, inelastic B2B growth. Its business model (Pratt, Collins, Raytheon) creates deep moats via long-cycle revenues, high switching costs, and consumable defense demand. 1Q26 confirms acceleration: double-digit growth, record $271B backlog, strong book-to-bill, and risi… https://www.gngresearch.com/articles/1f953b33-f447-421a-9f61-73fd49f07533 https://www.gngresearch.com/articles/1f953b33-f447-421a-9f61-73fd49f07533 Tue, 21 Apr 2026 18:54:33 GMT research@gngresearch.com (GNG Research) Dual load test - CEO succession and AI credibility drove an ~8% pullback from the 52-week high ($288 to $265.97), but the selloff appears driven by transition optics, not a fundamental franchise breakdown Fiscal Q1 2026: revenue $143.8B (+16% YoY), diluted EPS $2.84 (+19%); GNG Safety 96.89, Quality 93.83, Piotroski F=8, interest coverage 502x, FCF margin 28.3%, 5y revenue CAGR 8.7% January 2026… https://www.gngresearch.com/articles/10b439a7-8352-4774-bd14-da0b43af9b83 https://www.gngresearch.com/articles/10b439a7-8352-4774-bd14-da0b43af9b83 Mon, 20 Apr 2026 17:06:16 GMT research@gngresearch.com (GNG Research) Celestica is the manufacturing foundry for cloud and AI hardware, converting hyperscaler orders into server platforms and networking blades, driving a 379% share price gain in 12 months without hype HPS momentum is the growth engine - Q4 2025 HPS revenue +72%, full-year 2025 revenue $12.39B, management raised 2026 guidance to ~ $17B, implying ~37% YoY growth on a large base Forensic financial str… https://www.gngresearch.com/articles/9f2a9d8a-4eb5-4549-afdd-264df4c2eb0b https://www.gngresearch.com/articles/9f2a9d8a-4eb5-4549-afdd-264df4c2eb0b Mon, 20 Apr 2026 14:20:23 GMT research@gngresearch.com (GNG Research) Global labor arbitrage is dead. The world is shifting to AI-driven production and “sovereignty,” forcing supply chains to localize and capital to move back into the real economy. The U.S. faces a stagflationary transition as it rewires supply chains, with policymakers likely letting the economy run hot to manage debt and fund industrial expansion. A multi-trillion-dollar manufacturing supercycle… https://www.gngresearch.com/articles/8a3a697b-ad23-49d4-9a13-eba87fe76b9f https://www.gngresearch.com/articles/8a3a697b-ad23-49d4-9a13-eba87fe76b9f Fri, 17 Apr 2026 20:11:46 GMT research@gngresearch.com (GNG Research) GNG Research isn't just building wealth — we're proving that AI and humans working together, guided by math and morality instead of fear and greed, can make life better for everyone it touches. Own the infrastructure every AI winner needs, not the apps, Five chokepoints: NVIDIA (chips), Microsoft & Amazon (cloud), Anthropic (models), SpaceX (launch), WTRG (water) SpaceX post-xAI merger is now a $… https://www.gngresearch.com/articles/7d5daa9e-ff1d-41c2-a905-ed8189bd2dee https://www.gngresearch.com/articles/7d5daa9e-ff1d-41c2-a905-ed8189bd2dee Thu, 16 Apr 2026 21:09:46 GMT research@gngresearch.com (GNG Research) Complete guide to the Articles experience on GNG How to find, search, filter, and browse articles by author, tag, or ticker Reading articles, sharing to social media, and understanding tier-based access Posting comments, replying, @mentioning users, and editing your comments Setting up reply notifications and following specific authors https://www.gngresearch.com/articles/1c9fc283-2ccf-4eb7-a80b-adf3f3897851 https://www.gngresearch.com/articles/1c9fc283-2ccf-4eb7-a80b-adf3f3897851 Thu, 16 Apr 2026 13:25:08 GMT research@gngresearch.com (GNG Research) A midstream infrastructure giant with 90% fee-based cash flows is delivering a near-8% yield that has grown at nearly 11% annually over three years, yet institutional ownership sits below 20% of float. The cash flow predictability here ranks in the 98th percentile across the entire Vulcan database. That number alone changes how you size and hold an income position. Most retail investors avoid thi… https://www.gngresearch.com/articles/3157802d-7722-4c8e-b4bc-49647d93bc1d https://www.gngresearch.com/articles/3157802d-7722-4c8e-b4bc-49647d93bc1d Thu, 16 Apr 2026 12:01:03 GMT research@gngresearch.com (GNG Research) The market looks fragile, but data points to a messy, inflationary growth acceleration driven by tight inventories, rising logistics demand, and AI-driven CapEx. While the consumer is weak, the physical economy is strengthening, creating a rare divergence that supports broader earnings growth beyond mega-cap tech. Pricing power is shifting to cyclicals like transportation and energy, as low inven… https://www.gngresearch.com/articles/dae70131-ef81-4caf-a04f-f475ded217a9 https://www.gngresearch.com/articles/dae70131-ef81-4caf-a04f-f475ded217a9 Wed, 15 Apr 2026 13:23:14 GMT research@gngresearch.com (GNG Research) The most valuable company in the global launch economy executed roughly half of all orbital launches in 2025. It's not publicly traded. The six names that are may be the next best allocation. One name in this basket carries an 8.36% free cash flow yield, a Piotroski score of 8 out of 9, and a 26% operating margin. Nobody calls it a space stock. The data disagrees. A satellite data company just re… https://www.gngresearch.com/articles/35950f27-578f-4ed2-98b4-4a1f348921cf https://www.gngresearch.com/articles/35950f27-578f-4ed2-98b4-4a1f348921cf Mon, 13 Apr 2026 21:45:04 GMT research@gngresearch.com (GNG Research) There is a 95% chance the market bottomed on March 23rd. Record highs are expected in the next 2 to 5 weeks. ZEUS achieved an 8% gain in the first quarter thanks to its focus on superior asset allocation...it was the 4th best performing hedge fund according to Bloomberg. Earnings growth is accelerating due to hyperscalers spending more on AI capex. FCF growth rates for the cloud giants are expect… https://www.gngresearch.com/articles/e3cb0480-d2c3-4ca4-85fb-48dd5fd6f847 https://www.gngresearch.com/articles/e3cb0480-d2c3-4ca4-85fb-48dd5fd6f847 Mon, 13 Apr 2026 13:06:56 GMT research@gngresearch.com (GNG Research) Founded in 1887 by Cecil Rhodes, (GFI) has survived wars, apartheid, and commodity crashes. Now it runs on one of the strongest free cash flow profiles in the gold sector. FY 2025 adjusted free cash flow of $2.97B and net debt/EBITDA of just 0.26x: this is the balance sheet of a miner that no longer needs to bet on the gold price to stay solvent. The dividend per share jumped from $0.16 in 2020 t… https://www.gngresearch.com/articles/b2c4efc9-c724-4e10-87c2-70196d6c8831 https://www.gngresearch.com/articles/b2c4efc9-c724-4e10-87c2-70196d6c8831 Mon, 13 Apr 2026 12:01:50 GMT research@gngresearch.com (GNG Research) The 60/40 portfolio is breaking as stocks and bonds move together, removing the diversification investors have relied on for decades. Commodity ETFs are a trap: contango and crowding erode returns, turning “inflation hedges” into momentum-driven risks. The solution is owning real assets: producers, infrastructure, and cash-flowing businesses—not paper exposure. Focus on TOLL + croupier models: pr… https://www.gngresearch.com/articles/ff8757da-a4da-4caa-be35-b2dc63804597 https://www.gngresearch.com/articles/ff8757da-a4da-4caa-be35-b2dc63804597 Sun, 12 Apr 2026 13:12:31 GMT research@gngresearch.com (GNG Research) TSM printed its strongest March ever at NT$415B (+45% YoY), pushing Q1 revenue to the top of guidance at ~$35.7B while the rest of semis flatlined Q4 2025 margins hit records: 62.3% gross, 54% operating, 48.3% net. Nearly half of every revenue dollar falls to the bottom line at $122B annual scale Raw trailing FCF looks expensive, but strip out growth capex and normalized FCF jumps from $32B to $6… https://www.gngresearch.com/articles/5335b31a-99ca-4830-9bea-024ca1ce0cb2 https://www.gngresearch.com/articles/5335b31a-99ca-4830-9bea-024ca1ce0cb2 Thu, 09 Apr 2026 13:30:03 GMT research@gngresearch.com (GNG Research) The Pentagon proposed $54.6B for autonomous warfare in FY2027. The prior year's budget for the same group was $225M. That gap is the investment thesis. One company in this basket tripled revenue in a single year and holds a compliance moat written directly into federal procurement law. The gap between what it earns and what that moat is worth is the entire thesis. The most profitable name in the… https://www.gngresearch.com/articles/d50bdbe8-8df8-4e46-9085-b46a583c3fca https://www.gngresearch.com/articles/d50bdbe8-8df8-4e46-9085-b46a583c3fca Thu, 09 Apr 2026 10:54:57 GMT research@gngresearch.com (GNG Research) Eli Lilly has evolved from legacy pharma into a tech-enabled biology platform, using its proprietary supercomputer and 24/7 robotic wet labs to engineer drugs in silico with NVIDIA AI. The 2026 launch of Foundayo (an oral GLP-1 pill) bypasses complex sterile injector supply bottlenecks, unlocking massive global scale and expanding Lilly's Total Addressable Market. Lilly is bypassing U.S. healthca…