Research
Vertiv: Orders Doubled, Guidance Raised — Now the Multiple Has to Earn It
Vertiv opened its call with a rebuttal.
Altamira Capital
Money Flows
Insider & Smart-Money Digest — Nov 03, 2026
Top signal: forming (2 buyers): ACN.
Research
Microsoft: Azure Finally Has a Price Tag — $33 Billion, and Accelerating
Microsoft did the thing the market had stopped expecting: it made Azure bigger and faster at the same time. For the first time, Azure has a dollar figure — $33,170M in the quarter, up 48.2% year over year, after +42% in the June quarter on the restated basis.
Research
ASML vs AMAT: Head-to-Head Snapshot — 2026-11-01
ASML beats Applied Materials on growth, quality and momentum in our KPI-scored head-to-head — Total 61.3 vs 43.5 — but with no fair value on file for either name, valuation, income and risk go unjudged and confidence is low.
Research
Alphabet: The Engine Has Never Run Hotter — or Cost More — Q3 2026
The quarter in one line: Alphabet's operating engine posted its strongest verified quarter in this series — Search revenue +12% to $63,300M with query growth at a five-year high, and Google Cloud +103% to $30,700M at a 36.2% operating margin with a $561B backlog
Money Flows
Insider & Smart-Money Digest — Oct 30, 2026
Top signal: notable sale: CRWD $1.13M (C-suite sale of $1.13M); forming (2 buyers): ACN.
Research
Visa: A Clean Beat the Market Wouldn't Pay For
Visa beat on both lines — revenue $12,139M vs $12,091M expected (+0.4%), adjusted EPS $3.48 vs $3.44 expected (+1.2%) — expanded every margin, converted 114.8% of net income into free cash flow and returned $5,281M to shareholders in a single quarter.
Research
Waste Management: A Small Miss, a Big Drop — Q3 2026
The quarter in one line: Waste Management beat on revenue ($6,846M vs $6,813M, +0.5%) and grew operating income to $1,279M, but adjusted EPS of $2.15 missed the $2.18 estimate by 1.4%
Money Flows
Insider & Smart-Money Digest — Oct 28, 2026
Top signal: High-conviction buy: Sweet Julie Spellman bought $2.49M of ACN; forming (2 buyers): ACN.
Research
Cadence: Beat, Raise, Record Backlog — Q3 2026
The quarter in one line: Cadence beat on both lines (non-GAAP EPS $2.11 vs $2.05, revenue $1,633M vs $1,613M), lifted full-year guidance to 21% revenue growth, and took backlog to a record $8.2B — the exact raise-and-beat yesterday's preview said the multiple required.
Research
Cadence: Priced for the Supercycle — Q3 2026 Earnings Preview
The setup in one line: Cadence raised full-year guidance to 19% revenue growth in July on a record $8.1B backlog — and tonight's consensus ($2.05 EPS on $1,613M) sits almost exactly on the midpoint of the guidance Cadence itself gave for this quarter.
Research
Netflix: YouTube Pulls Away — Q3 FY26
Four takeaways: Growth keeps slowing at the top line — revenue grew 11.85% YoY, solid but no longer spectacular. Margins did the heavy lifting — operating margin expanded 641 bps YoY. The cash machine is real — $2.88B of free cash flow funded a $4.797B buyback in a single quarter.