Analysis & Explainers
Longer reads on stocks, crypto and markets - the context behind the headlines.
Amazon: How Retail and Cloud Build the Profit Loop
Amazon's profit story rests on retail and cloud, and this analysis explains what holds them together.
Microsoft: Cloud, AI, and the Durable Windows Franchise
Microsoft's earnings rest on cloud infrastructure, subscription software, and a powerful ecosystem. Here's what drives the stock.
Alphabet: How the Search Machine Powers Everything Else
Google's parent makes money from search ads, then spends it on cloud, AI, and moonshots. Here is the full business story.
Salesforce: The CRM Leader's Business and Valuation
How Salesforce makes money from cloud subscriptions, what supports its moat, and what could break the story.
Coca-Cola: The Brand Behind the Bottle
How Coca-Cola earns from concentrate and brand power, and the structural threats to its premium valuation.
UnitedHealth Group: The Business Behind the Premium Rating
UnitedHealth's paired insurance and health-services engines earn a premium rating, but the risks are real.
Exxon Mobil: How the Integrated Oil Major Earns and Is Valued
An integrated oil major whose earnings hinge on crude prices and whose valuation reflects expectations for the next cycle and the long-term energy transition.
Oracle: Can the database giant win the cloud war?
Oracle's database lock-in funds a costly cloud bet, and the market is skeptical.
Broadcom's Profitable Pivot: Custom Silicon Meets Stickier Software
How Broadcom's mix of custom AI silicon and infrastructure software drove a rerating on Wall Street.