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Featured post

Bull vs. Bear Case: Can Meta Justify Its Valuation?

Meta Platforms is one of those companies that makes investors sound slightly unwell. The bulls describe it as the greatest advertising machine ever assembled, now being upgraded with artificial intelligence and plugged into nearly half the planet. The bears describe it as a social-media empire pouring an industrial quantity of cash into data centers, virtual reality, superintelligence, smart glasses, and whatever Mark Zuckerberg becomes interested in after breakfast. The annoying part is that both sides are right. As of August 7, 2026, Meta shares traded around $592, giving the company a market value of roughly $1.52 trillion and a trailing price-to-earnings ratio near 22.3. That is not a bargain-bin valuation, but it is also not the kind of multiple normally attached to a company growing quarterly revenue by 28%. Meta sits in an uncomfortable middle: too expensive to call obviously cheap, too profitable to dismiss as hype, and too ambitious to value with a calm little spreadsheet that...
Recent posts

Bull vs. Bear Case: Is Domino’s Still a Reliable Growth Story?

Data and market prices in this article are current as of August 7, 2026. I have always considered Domino’s one of the easiest companies to understand at the dinner table and one of the more complicated companies to understand in a brokerage account. The dinner-table version is simple: people want pizza, Domino’s sells a lot of it, and nobody has ever responded to a chaotic Tuesday evening by saying, “You know what this family needs? A forty-five-minute debate about dinner.” Convenience wins. Cheese arrives. Civilization survives another night. The investment version requires more work. Domino’s Pizza is no longer the scrappy turnaround story it was years ago, when management openly admitted the pizza needed improvement and rebuilt the company around better food, digital ordering, delivery efficiency, and an unusual willingness to recognize reality. Today, Domino’s is the largest pizza company in the world, with more than 22,500 locations across over 90 markets as of June 14, 2026. Appr...

Bull vs. Bear Case: Has Microsoft Become Too Expensive?

Market data and company results used in this article are current through August 6, 2026. I have a recurring problem with Microsoft stock: every time I decide it looks expensive, the company produces another quarter that makes “expensive” sound less like analysis and more like a personal failure of imagination. This is the emotional trap of owning—or considering owning—a truly exceptional business. A mediocre company can be dismissed with a spreadsheet and a functioning sense of self-preservation. Microsoft forces me to argue with myself. The valuation looks demanding, the artificial-intelligence spending looks enormous, and the expectations look high enough to require supplemental oxygen. Then Microsoft reports 18% revenue growth on a base of more than $280 billion, Azure grows 43%, operating income rises 18%, and I am left staring at the numbers like a man who arrived at a duel carrying a strongly worded memo. As of August 6, Microsoft shares trade around $487. The market values the c...

Broadcom Earnings Preview: AI Revenue, VMware, and Margin Strength

What I’m watching when Broadcom reports fiscal third-quarter results on September 2, 2026 Broadcom is approaching the kind of earnings report that makes reasonable investors behave like unpaid detectives. The company will report fiscal third-quarter 2026 results after the market closes on September 2. Between now and then, I expect analysts to inspect cloud capital-expenditure plans, custom accelerator shipments, networking demand, VMware contract trends, margin assumptions, and possibly the tone of Hock Tan’s breathing. This is what happens when a company becomes one of the market’s most important artificial-intelligence suppliers: excellent execution stops being impressive and becomes the minimum cover charge. I understand the excitement. Broadcom’s latest results were extraordinary. Fiscal second-quarter revenue reached $22.2 billion, up 48% from a year earlier. AI semiconductor revenue hit $10.8 billion, an increase of 143%. Adjusted EBITDA was $15.2 billion, or 69% of revenue. Fre...