Latest news with #SteveWagner
Yahoo
06-06-2025
- Business
- Yahoo
Rocket Lab Corporation (RKLB): A Bull Case Theory
We came across a bullish thesis on Rocket Lab Corporation (RKLB) on Steve Wagner's Substack. In this article, we will summarize the bulls' thesis on RKLB. Rocket Lab Corporation (RKLB)'s share was trading at $26.79 as of 30th May. A rocket launching into the night sky, carrying a satellite payload. Rocket Lab (RKLB) has taken a transformative step beyond its core business of launching rockets by acquiring GEOST, a company specializing in advanced sensor payloads for satellites—particularly those used in missile tracking and intelligence operations. This strategic acquisition positions Rocket Lab as a vertically integrated, end-to-end provider for national security space missions, expanding its role from launch provider to full-spectrum defense contractor. GEOST's technology is vital to space-based surveillance and defense, and by bringing this capability in-house, Rocket Lab enhances its ability to serve U.S. government agencies with complete mission solutions. The move is especially significant as it allows RKLB to challenge entrenched industry players like Lockheed Martin and Northrop Grumman in the lucrative and strategically important national security space. Despite the game-changing nature of this acquisition, the market has largely overlooked its disruptive potential, creating a compelling opportunity for forward-looking investors. With rising geopolitical tensions and growing demand for space-based defense infrastructure, this expansion into sensor payloads provides Rocket Lab with a differentiated edge and deeper entrenchment in defense budgets. It also signals RKLB's ambition to capture more of the value chain and become a critical national asset, not just a launch service. The company's ability to innovate across both hardware and mission services could significantly enhance its long-term growth trajectory. F or investors focused on strategic inflection points and underappreciated catalysts, this bold move into payload manufacturing makes RKLB one to watch closely as it matures into a next-generation aerospace and defense powerhouse. Previously, we have covered RKLB in May 2025 wherein we summarized a by the same author. Rocket Lab (RKLB) began 2025 with strong momentum, reporting a 32% year-over-year revenue increase to $122.6 million, driven by five successful launches and robust growth in its high-margin Space Systems segment. The company's $1.07 billion backlog, expanding defense contracts, and the upcoming Neutron rocket positioned it as a credible, vertically integrated space and defense partner. Despite short-term losses from R&D, RKLB's diversified business and solid liquidity made it a compelling long-term investment. Since our last coverage, the stock is up 23% as of 30th May. Rocket Lab Corporation (RKLB) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held RKLB at the end of the first quarter which was 37 in the previous quarter. While we acknowledge the potential of RKLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
06-06-2025
- Business
- Yahoo
Rocket Lab Corporation (RKLB): A Bull Case Theory
We came across a bullish thesis on Rocket Lab Corporation (RKLB) on Steve Wagner's Substack. In this article, we will summarize the bulls' thesis on RKLB. Rocket Lab Corporation (RKLB)'s share was trading at $26.79 as of 30th May. A rocket launching into the night sky, carrying a satellite payload. Rocket Lab (RKLB) has taken a transformative step beyond its core business of launching rockets by acquiring GEOST, a company specializing in advanced sensor payloads for satellites—particularly those used in missile tracking and intelligence operations. This strategic acquisition positions Rocket Lab as a vertically integrated, end-to-end provider for national security space missions, expanding its role from launch provider to full-spectrum defense contractor. GEOST's technology is vital to space-based surveillance and defense, and by bringing this capability in-house, Rocket Lab enhances its ability to serve U.S. government agencies with complete mission solutions. The move is especially significant as it allows RKLB to challenge entrenched industry players like Lockheed Martin and Northrop Grumman in the lucrative and strategically important national security space. Despite the game-changing nature of this acquisition, the market has largely overlooked its disruptive potential, creating a compelling opportunity for forward-looking investors. With rising geopolitical tensions and growing demand for space-based defense infrastructure, this expansion into sensor payloads provides Rocket Lab with a differentiated edge and deeper entrenchment in defense budgets. It also signals RKLB's ambition to capture more of the value chain and become a critical national asset, not just a launch service. The company's ability to innovate across both hardware and mission services could significantly enhance its long-term growth trajectory. F or investors focused on strategic inflection points and underappreciated catalysts, this bold move into payload manufacturing makes RKLB one to watch closely as it matures into a next-generation aerospace and defense powerhouse. Previously, we have covered RKLB in May 2025 wherein we summarized a by the same author. Rocket Lab (RKLB) began 2025 with strong momentum, reporting a 32% year-over-year revenue increase to $122.6 million, driven by five successful launches and robust growth in its high-margin Space Systems segment. The company's $1.07 billion backlog, expanding defense contracts, and the upcoming Neutron rocket positioned it as a credible, vertically integrated space and defense partner. Despite short-term losses from R&D, RKLB's diversified business and solid liquidity made it a compelling long-term investment. Since our last coverage, the stock is up 23% as of 30th May. Rocket Lab Corporation (RKLB) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held RKLB at the end of the first quarter which was 37 in the previous quarter. While we acknowledge the potential of RKLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
DLocal Limited (DLO): A Bull Case Theory
We came across a bullish thesis on DLocal Limited (DLO) on Substack by Steve Wagner. In this article, we will summarize the bulls' thesis on DLO. DLocal Limited (DLO)'s share was trading at $11.77 as of May 16th. DLO's trailing and forward P/E were 24.51 and 20.96 respectively according to Yahoo Finance. A customer making a purchase at a modern retail store terminal, showing the ubiquity of the company's payment solutions. dLocal (DLO) began 2025 with record-breaking results, affirming its position as a vital payments enabler connecting global merchants to consumers across emerging markets. The Uruguay-based fintech processed $8.1 billion in Total Payment Volume (TPV), up 53% year-over-year (72% in constant currency), and generated $216.8 million in revenue, growing 18% YoY despite a slight dip in take rate. The shift toward higher-margin cross-border transactions and tight cost controls drove a 35% increase in gross profit to $84.9 million, with gross margins expanding to 39.2%. Adjusted EBITDA surged 57% to $58 million (27% margin), while net income more than doubled to $46.7 million. Strong cash flows allowed dLocal to declare a special dividend of $0.525 per share, totaling $150 million, and commit to annual dividends going forward—signaling confidence in sustainable growth and shareholder alignment. Operationally, dLocal deepened partnerships with key global players like Temu, Rappi, and Zepz, demonstrating its unique ability to support both pay-in and pay-out use cases across over 30 countries. Temu now uses dLocal to reach 15+ emerging markets, Rappi expanded its integration including Pix in Brazil, and Zepz is leveraging dLocal to streamline remittances. While profitability in Latin America benefited from inflation-driven volumes and FX spreads, Brazil's shift to Payment Orchestration pressured take rates temporarily. Competition impacted Mexico results, and FX headwinds weighed on Africa and Asia. Nonetheless, dLocal's geographic and sector diversification, scale advantages, and margin expansion highlight a durable growth story. With expanding verticals and growing transaction complexity, the company remains well-positioned to unlock further value. DLocal Limited (DLO) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 19 hedge fund portfolios held DLO at the end of the fourth quarter which was 21 in the previous quarter. While we acknowledge the risk and potential of DLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DLO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
AST SpaceMobile, Inc. (ASTS): A Bull Case Theory
We came across a bullish thesis on AST SpaceMobile, Inc. (ASTS) on Substack by Steve Wagner. In this article, we will summarize the bulls' thesis on ASTS. AST SpaceMobile, Inc. (ASTS)'s share was trading at $26.24 as of May 15th. A close up of a satellite in space, showing the advanced technology of communications systems. AST SpaceMobile (ASTS) is transitioning from a developmental phase to a potential commercial breakthrough, following a solid first quarter that emphasized progress over profit. Despite minimal revenue of $0.6M—mainly from early-stage gateway sales and government milestones—the lack of service income is expected, as commercial deployment remains targeted for late 2025. Operating losses widened to $63.6M due to ramped-up R&D and satellite production, but ASTS's strengthened balance sheet, boasting $874M in cash after a $460M convertible note and $55M share offering, provides a clear funding runway through at least 2025. The dilution risk is real but muted near-term given the $27/share conversion price. The company projects $50M–$75M in 2025 revenue, tied to commercial service activation. A promising $13.6M in Q1 ground infrastructure orders from telecom partners is expected to recur quarterly, signaling network readiness. ASTS also benefits from $63M in government contracts, validating both commercial and defense potential. With six satellites already in orbit and a goal of 60 by end-2026, the company plans to begin monthly launches by July 2025, supported by vertically integrated manufacturing capable of producing six satellites per month. Most critically, ASTS recently completed a historic milestone: the world's first successful two-way voice and video calls over 4G LTE via satellite to unmodified smartphones, in partnership with telecom giants like AT&T, Vodafone, and Rakuten. With 40+ mobile network operator agreements covering 2.4B subscribers, ASTS is gaining momentum. The coming quarters are critical; if services launch and gain user traction, ASTS could transform into a commercially viable disruptor in satellite communications. AST SpaceMobile, Inc. (ASTS) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held ASTS at the end of the fourth quarter which was 18 in the previous quarter. While we acknowledge the risk and potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ASTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
28-04-2025
- Business
- Yahoo
Lockheed Martin Corporation (LMT): A Bull Case Theory
We came across a bullish thesis on Lockheed Martin Corporation (LMT) on Substack by Steve Wagner. In this article, we will summarize the bulls' thesis on LMT. Lockheed Martin Corporation (LMT)'s share was trading at $466.81 as of April 24th. LMT's trailing and forward P/E were 20.12 and 17.15 respectively according to Yahoo Finance. Copyright: scanrail / 123RF Stock Photo Lockheed Martin (LMT) delivered an impressive first-quarter 2025 performance, reinforcing its reputation as a reliable and well-managed defense compounder. Revenues grew 4% year-over-year to $18 billion, while net earnings climbed to $1.7 billion, translating to an EPS of $7.28 compared to $6.39 in Q1 2024. All four of the company's business segments saw improved operating margins, with Missiles & Fire Control notably increasing its margin from 10.4% to 13.8%, helping drive a 19% boost in segment operating profit. Free cash flow stood at a strong $955 million, and Lockheed's order backlog remained at a formidable ~$173 billion—equivalent to more than two years of revenue—underscoring the resilience of its long-term demand pipeline. Alongside earnings, Lockheed reaffirmed its full-year 2025 guidance, expecting ~$74 billion in sales and $27 in EPS, demonstrating management's confidence in navigating what it described as a "highly dynamic geopolitical and technical environment." Recent contract wins provide concrete support for that optimism, with the company securing major new awards across its missile systems portfolio—including Precision Strike, THAAD, and JASSM/LRASM programs—as well as a significant Trident II award. These contracts, totaling up to $10 billion in potential future revenue, add further strength to the already robust backlog and enhance visibility into long-term growth. In a move that underscores its commitment to maintaining technological leadership, Lockheed also announced the acquisition of Amentum's Rapid Solutions business. This bolt-on acquisition expands Lockheed's capabilities in intelligence, surveillance, and reconnaissance (ISR), advanced communications, and tactical systems—particularly through assets like electronically steered array technologies. Though not transformational in size, the acquisition is strategically sound, providing Lockheed with niche technical capabilities that align well with its broader defense technology portfolio. The integration of Rapid Solutions into the Space segment will deepen Lockheed's ISR expertise and further support its mission to deliver next-generation solutions for high-priority defense applications. Taken together, Lockheed's first quarter results and its strategic acquisition strengthen the company's investment case. Execution remains tight, the balance sheet is healthy, and guidance is solid. Management's focus on backlog conversion, operational discipline, and incremental innovation suggest a durable growth trajectory. While not flashy, the Amentum acquisition adds depth to Lockheed's ISR suite and marginally widens its long-term runway in advanced defense technology. For investors, this is a clear reaffirmation of Lockheed's strength as a steady compounder with a growing technological edge. Lockheed Martin Corporation (LMT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held LMT at the end of the fourth quarter which was 58 in the previous quarter. While we acknowledge the risk and potential of LMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LMT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
