To The Moon

NEER solidified its growth outlook this quarter with yet another strong origination, alongside two framework agreements signed with Fortune 50 companies. FPL executed well amidst the two hurricanes, demonstrating the high quality nature of the business and the management team. The fundamentals in Florida remain solid, which will likely continue to be a growth driver for the business. With the growing backlog that extends well into 2027, the visibility into their 2027 targets continue to improve, which makes me confident about the company's ability to exceed the high end of guidance. Justin Paget I see NextEra Energy’s (NYSE:NEE) 3Q24 results as reaffirming my investment thesis that the company is well positioned to benefit from the expected

While Microsoft's FY1Q25 revenue beat may sound positive, most of that beat came from the More Personal Computing segment, with Azure only coming in in-line with expectations. Azure's 34% growth in FY1Q25 is in-line with expectations, but management guided to Azure growth of 31% to 32% next quarter, missing expectations by 1 percentage point. The key reason for the miss was due to third-party infrastructure providers that are delaying the bringing online of data center capacity. In turn, because the AI services portion of Azure is largely supply constrained, I expect that in the second half of FY2025, with easing of supply constraints, Microsoft should see an reacceleration in growth due to Azure. Morsa Images Microsoft (NASDAQ:MSFT) poste

Summary CrowdStrike published revenue growth of 32%, free cash flow margin of 28%, achieving a Rule of 60 on a free cash flow basis. Guidance was revised down as expected, and the extent to which it was guided down was better than expected, alleviating fears of a more severe impact from the incident. Near-term temporary headwinds include extended sales cycles, more flexible payment terms, impact from customer commitment packages, but the long-term targets were once again reiterated. Customer conversations show that customers still see CrowdStrike as their top consolidation partner, and retention ratios continue to be strong even after the incident. CrowdStrike is seeding long-term partnerships with customers through the customer commitment packages, which provides customers affected by the

Summary Despite the weakness in the market environment, Aptiv showed strong cost control and flexibility by generating strong margins and profitability. The company is aggressively repurchasing shares, indicating confidence in its undervaluation and a focus on enhancing shareholder value. Despite the weak operating environment in the automotive industry, Aptiv managed to book $4.3 billion in new business awards in the quarter. This includes continued traction in ADAS and market share gains at Chinese local OEMs. Strong execution, margin resilience, and strategic share buybacks position Aptiv for upside in the second half of 2024. Michael Vi Aptiv (NYSE:APTV) reported 2Q24 earnings which was as good as I could ask for given the current indu

Summary MSCI reported results that beat expectations on both top and bottom-line after a challenging 1Q24 that left the market in doubts. The rebound in retention rates from the prior quarter was a positive, and there was no deterioration in the current 2Q24 quarter. That said, MSCI continues to expect cancels to be elevated in 3Q24 compared to the prior year and that longer sales cycles continue to persist. MSCI announced new partnerships, including with Moody's, new product launches and continued innovation in core and new businesses as MSCI embraces AI. littleclie MSCI (NYSE:MSCI) reported results that were in line with my base case for the company, reaffirming my thesis that the weakness we saw in the business in the first quarter was

Summary Google's efforts to durably reengineer its cost base, enabling it to expand operating margins even when it is investing in the future of the business. Google Cloud continues to benefit from cloud migration, and it is seeing market share gains and an increasing contribution from AI. AI will be a key long-term growth driver for Google, and the company is integrating generative AI into most parts of its business. Most of Google Cloud’s top 100 customers are already using its generative AI solution. While it is early days in terms of seeing the returns on investment on AI capital expenditures, management underscored that for Google, the risk of under-investing is dramatically greater than the risk of over-investing. da-kuk While the threat of OpenAI and generative AI has been a he

Summary NextEra Energy has two main businesses: FPL, the largest electric utility in Florida, and NEER, the world's largest generator of renewable energy. FPL has strong tailwinds arising from a positive regulatory environment and as Florida sees strong GDP and population growth. NEER's revenues mainly comes from long-term PPAs, with 93% of revenues coming from long-term contracts. NEER's prospects continue to improve given increasing power demand and higher renewables and storage additions in the next few years. FPL is executing well with low bills and high reliability for customers, setting itself well for the rate case filing in 2025. Justin Paget NextEra Energy (NYSE:NEE) is a very unique company, which has both a utility business and a

Summary Amazon's 2Q24 results beat expectations, with retail coming in mixed while AWS exceeded expectations. AWS saw acceleration for the third straight quarter, with management commentary skewing positive. Cost optimizations are likely a thing of the past and customers are now looking to add new projects and spend more on cloud migration and AI. Retail was mixed as Amazon continued to grow faster than the industry, but customers are reducing discretionary spend and trading down. There were also some encouraging announcements for Project Kuiper. Anderson Coelho While Amazon.com, Inc. (NASDAQ:AMZN) has fallen almost 20% from the peak to the trough, I am not worried about the company. In fact, I have a buy investment rating for Amazon and r

Summary Enovix is on track to produce its first battery samples with the EX-1M technology in Q2'24 and Fab-2 is expected to begin production in 2H24. Enovix has secured a development agreement with a top five smartphone OEM, representing a significant endorsement for the company. Enovix aims to launch multiple smartphones and IoT customers with the EX-1M battery by 2025. There is a clear product roadmap with continued innovation and improvement in battery attributes as the company continues to invest in research and development to stay ahead of the field. Enovix is extending cash runway through cost reductions, and it expects to have sufficient cash on hand to last through 2026. Daniel Grizelj Amidst depressed sentiment, the management team of Enovix (NASDAQ:

Summary indie Semiconductor has been the fastest-growing semiconductor company out of 224 others over the past two years. The company is expected to reach non-GAAP EBITDA breakeven in 4Q23, making it the only semiconductor company that IPO-ed in 2021 to achieve this. The strategic backlog grew from $4.3 billion in 2022 to $6.3 billion in 2023, demonstrating strength and momentum in the business even amidst a difficult macro. The recent wins suggest that business momentum continues to be strong and further validates indie Semiconductor's product portfolio and technology. The company continues to innovate and launch new products into the market to improve its competitive advantage and improve cross-selling within its customer base. SweetBunFactory indie Semiconductor (NASDAQ: