Podcast Episodes
Back to SearchStaples: Selective in a Tepid Tape
A pre-Q3 deep dive on consumer staples in a no-volume-growth world. The setup: muted US volumes, a pressured low-end consumer, pricing largely exhaus…
6 days, 7 hours ago
RTX Q3 Deep Dive: Anatomy of a Beat — Tariff Refunds and the $130B Raytheon Backlog
A companion deep dive on RTX's Q3 2026 print. Adjusted EPS of $2.26 beat consensus of $1.78 by 27% — but roughly $410 million of tariff cost recovery…
6 days, 7 hours ago
Blackstone: The Private Markets Machine Meets Its Liquidity Test
Alpha Brands Research initiates on Blackstone at 107 dollars, 46 percent below its high. The fee engine is intact: 1.35 trillion in assets, record in…
6 days, 8 hours ago
Schwab Q3 2026: Record Flows, a Funding Debate
Charles Schwab's Q3 2026 (reported Oct 15) was a record quarter the market chose to argue with: revenue of $7.17B (+17% YoY), adjusted EPS of $1.69 (…
6 days, 8 hours ago
Salesforce Buys Braze: Completing the Agent Stack
Salesforce announced a definitive agreement to acquire customer-engagement platform Braze for ~$5.66B in cash ($47.50/share, a ~58% premium), its fou…
6 days, 8 hours ago
GE Aerospace Q3 2026: Beat, Raise, and a $170 Billion Services Backlog
GE Aerospace beat Q3 2026 expectations and raised full-year guidance on every line: adjusted EPS of $2.25 (up 36%), adjusted revenue up 18%, orders u…
6 days, 8 hours ago
RTX Q3 2026: Beat, Raise, Repeat — a Record $340B Backlog
RTX cleared the highest bar on the board: adjusted EPS of $2.26 vs $1.78 expected (+33% YoY), sales of $24.97B (+11%, +12% organic), a record $340B b…
6 days, 8 hours ago
Axon: Owns Every Link in the Chain — Now It Has to Turn Growth Into Cash
An initiation on Axon Enterprise (AXON), from Alpha Brands Research's Oct 19 report: the company owns every link in the public safety chain — TASER, …
6 days, 17 hours ago
The Full-Cycle AI 30: Own the Scarce Inputs, Overweight the Adopters
A portfolio construction episode: 31 names in 5 sleeves built from the Flaningam, Noren/Apollo, and Hosking letters. Own the scarce inputs (the full …
6 days, 20 hours ago
Private Flight or Cell Phones? The Unit Economics of AI
Trevor Noren (Sage Road Research) and Apollo ask the demand-side question: the marginal cost of compute exceeds its marginal benefit, corporate token…
1 week ago