Equity research · Cyclicals · Through-cycle valuation

Reading markets, writing it down.

Hi, I'm Brandon. I publish equity research on cyclicals — memory, semis, energy — built on an audited DCF pipeline I wrote myself. My team won the 2023 CFA Institute Research Challenge for the Americas. I write because the work is the point — everything on this site is free.

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Live prices via Yahoo Finance. Targets and theses are mine — not investment advice. Disclaimer.

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Coming up · Q2 2026

MU — Through-cycle long

The first published pitch: HBM contribution to the next cycle peak, mid-cycle EBIT margin normalisation, what today's price implicitly requires via reverse-DCF, and the bear-case kill shot.

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