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In light of Allbirds’ (NASDAQ: BIRD) head-scratching transition to an AI compute infrastructure company, Mike and Emmet break down some of the market’s best and worst business pivots. In simple terms, a pivot is when a business decides to stop doing what it’s known for and pursue something else. This can be proactive, like Slack giving up its gaming business to develop its internal communication tool, or reactive, like Netflix opting to move into streaming in response to digital competition. Emmet kicks things off with Nokia (NYSE: NOK). It started as a paper mill in Finland back in 1865. In the early ’90s, it exited its legacy businesses to focus entirely on mobile phones and network equipment, eventually ending up in a cell phone duopoly with Ericsson. However, Nokia is also a key example of how quickly market leadership can be lost when a company fails to anticipate major shifts – in this case, the move to smartphones. Luckily, it pivoted again, going all in on infrastructure and investing heavily in 5G, and it currently has a market cap of more than $50 billion. Saab started out building fighter jets for the Swedish military in the 1930s before expanding into cars after the war. In 1989, GM came in, bought half of the car company, and split it away from the aerospace division. By 2008, it was struggling and eventually went under. However, Saab AB (SAAB-B.ST) is thriving, with record backlog and profitability. Another post-war success story, Hyundai started as a civil engineering company helping Korea rebuild, eventually pivoting to car manufacturing in the 1960s. During the Asian financial crisis, Hyundai made a deliberate decision to move upmarket, investing heavily in design, engineering, and quality. Over time, it transformed from producing low-quality vehicles into a reliable, stylish, and increasingly desirable automaker. Finally, one of the market’s most infamous pivot stories: MicroStrategy (NASDAQ: MSTR). It was initially focused on information systems in the ’90s, rising and collapsing during the dot-com bubble. While its stock never fully recovered, its core business continued generating cash over the next 20 years. In 2020, CEO Michael Saylor decided to go all in on Bitcoin, and the stock is up 15x since. Today, the company holds $61.5 billion in Bitcoin on its balance sheet – about 4% of the current supply – at an average price of $75,527. Unfortunately, if Bitcoin falls below this price, it could trigger a massive sell-off of both MSTR and Bitcoin – not ideal. We wrap with Follow Prophet. Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month. Click here to join now or email [email protected] for a deal. Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt (adjust these after intro) 00:00 Intro02:40 Allbirds Goes AI07:34 What Is a Pivot12:05 Nokia Reinvents Itself18:52 Saab Cars to Defense28:09 Hyundai From Construction to Cars34:03 MicroStrategy Bitcoin Bet43:22 Follow Prophet Picks

This week, we’re discussing one of the most significant IPOs of all time: SpaceX. While space travel began as a government-led effort, over the past few decades it has increasingly become the domain of the private sector. For those who need a refresher on the business of space—and SpaceX specifically—Emmet has you covered with a detailed preamble. SpaceX consists of three core businesses: rocket launches and space haulage, Starlink internet, and government and defense communications infrastructure known as Starshield. The long-term goal across all three is to drive down the cost of space launches and become the go-to provider for space infrastructure companies. However, SpaceX has also recently acquired xAI, bringing Twitter, Grok, and their associated costs into the picture. For Mike, this is key to understanding why the company may pursue an IPO. You might think that after years of sparring with investors, Musk would want to avoid public markets—especially given how well the business is performing privately. But with xAI now in the mix, SpaceX needs significant capital to build out data centers and attract top engineering talent. This creates tension for investors who are primarily interested in the company’s core space business. As of this recording, SpaceX is targeting a $1.75 trillion valuation, implying it would go public at 56x revenue and 109x EBITDA. That’s extremely lofty—even with the Musk premium. Interestingly, the NASDAQ has also made aggressive rule changes to fast-track SpaceX’s inclusion in the NASDAQ-100, which would prompt a number of passive funds (such as QQQ) to purchase shares upon debut. This could further inflate the stock’s valuation, and Mike worries it may leave retail investors holding the bag while providing a liquidity event for private investors. Emmet agrees, comparing SpaceX’s unconventional path to market to the SPAC boom of 2020. Overall, both believe that while SpaceX is a once-in-a-generation company, it may not be a once-in-a-generation investment. Porter & Co came to Ireland to film a documentary about Prophet, if you’d like to get an exclusive first look, drop an email to [email protected] Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet”. This week, he’s adding a new stock that has passed 3 AI screeners and got a shout out from Porter Stansbury. Lucky for Stock Club listeners, they can claim as exclusive offer by emailing: [email protected]. Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt (adjust these after intro) 00:00 Intro04:08 SpaceX IPO Hype Begins07:50 Space Race to Moon Landing22:51 IPO Filing Details and Why Now27:41 NASDAQ Rule Changes34:22 SpaceX Three Businesses45:08 Launch Costs Collapse47:56 Would You Buy on IPO?

The day we’ve been hoping for is finally here. The Irish government has announced a new investing scheme to provide people in Ireland with an easy, tax-efficient way to access the markets. There are hundreds of billions of euros sitting in Irish current accounts, and it’s time they get to work. Back by popular demand, Dave Quinn from Investwise joins us to break down why these accounts are being introduced, how they’ll work, and what they might look like. Simon Harris has stated that Ireland will follow the Swedish model, allowing users to invest up to $28K tax-free, with anything above that taxed at 1% annually. Dave believes Revolut and other “new banks” are unlikely to initially enter this market, as they may not want to handle the tax reporting and administrative burden. Instead, it will likely be life insurance companies, such as Zurich, offering insurance-wrapped ETFs (not be ideal). He also believes that pensions remain the best option for most long-term investors. However, the introduction of these accounts could eventually lead to the removal of deemed disposal. Mike and Dave agree on the most important thing the government needs to get right: investor education. Ireland hasn’t had generations of investors to help young people understand the power of compounding and the importance of protecting their money from inflation so we have to get this right via accessible education. Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet”. This week, he’s adding a new stock that has passed 3 AI screeners and got a shout out from Porter Stansbury. Lucky for Stock Club listeners, they can claim as exclusive offer by emailing: [email protected]. Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro 07:22 EU Push to Mobilize Cash 13:53 How the Account Works 15:15 Swedish Model Explained 19:19 Who Will Offer It 21:08 Funds Only Limited Choice? 25:48 Pensions Versus Liquidity 28:45 Financial Literacy Rollout 35:28 Tax Treatment Uniformity

We normally talk about the characteristics we love to find in stocks. But this week, we bring you all the things we hate. We’ve all gotten caught in a hype cycle or seen an investment thesis degrade, so having a list of red flags to look for is a great way to check in with your portfolio. They include: Over-promising. It can be hard to spot fraud in the early days, but if a company is hyperbolic in its language, give it some time. Pre-revenue companies are especially prone to talking big, and they’re a hard pass for Mike. Management woes. Referencing Good to Great by Jim Collins, Emmet reminds us a great CEO is someone with fierce resolve and a degree of humility. The inverse can be very damaging and often looks like prioritizing short-term gains and selling significant stock during all-time highs. A revolving door of CEOs is also a huge red flag. Creative accounting. If you see a big difference between net profit and cash flows, or an overuse of adjusted EBITDA, you might want to think twice. These can indicate profits are tied up in unpaid bills or outsized stock-based compensation, which dilutes investors over time. Deteriorating fundamentals. Slowing revenue growth, compressed margins, bland return on equity (ROE), or rising customer acquisition costs can all signal a business entering decline. However, if you think you’ve spotted a potential turnaround play, these may also be present. Unforeseen circumstances. Significant, world-changing disruption is also hard to predict, which is why diversification is key. SaaS businesses being upended by AI is a good example. Valuation. You can buy great businesses, but at extreme prices they can be bad investments. Don’t completely avoid stocks at 25x earnings, as a company can keep delivering, but stay within the realms of reality. Customer concentration. Reliance on a single client can be a huge risk. It’s particularly prevalent among small businesses that serve enterprises. Progyny (PGNY) vs Amazon (AMZN) is a good case study. High dividend yield. Yields of 8–10% are often too high. If the payout ratio is above 100%, the company may be borrowing money to pay investors. That won’t last long. Binary outcomes. For example, pharmaceutical companies waiting for regulatory approval. If they fail, the business can collapse. After all that, Emmet brings us Follow Prophet, talking about its recent addition, SPX Technologies (SPXC). Finally, we celebrate Ireland’s new investing accounts. Simon Harris has announced that we will follow the Swedish model, with a launch expected in 2027. We’ll break down the full announcement next week. Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet”. This week, he’s adding a new stock that has passed 3 AI screeners and got a shout out from Porter Stansbury. Lucky for Stock Club listeners, they can claim as exclusive offer by emailing: [email protected]. Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt (adjust these after intro) 00:00 Intro04:31 Shorting Stocks Talk10:35 Founder CEOs vs Insider Selling17:35 Creative Accounting22:35 Deteriorating Fundamentals30:59 Valuation Reality Check32:27 Customer Concentration34:20 High Dividend Yield37:25 Following Prophet43:24 Ireland’s New Investment Scheme

Investor Down Under — g’day. We’ve long loved hunting for underappreciated stocks abroad, and over the years we’ve realized Australia is a particularly great place to find them. With its investing culture on the rise, this week we’re highlighting some of our local favorites. Emmet brings you a “high-quality moonshot with revenue.” Out of character for him, it’s Telix Pharmaceuticals (ASX: TLX). He normally avoids pharma and fashion, mostly because it rhymes. Telix develops and sells radiopharmaceuticals, including diagnostic tools (“theranostics”), primarily in oncology. Its annualized revenue growth is a thing of beauty. It went from generating $4 million in revenue in 2020 to $800 million in 2025. That growth is driven entirely by its diagnostic technology, not treatment, which is still in development. This makes it a potentially less risky cancer-curing play. If you’re a fan of Aussie stocks and want to hear Mike’s all-time favorite, you’ll need a Nexus 3 subscription. But his second favorite is Supply Network Limited (SNL), a provider of bus and truck parts. It’s a classic Mike, and Peter Lynch, type of play. Its moat lies in its depth of inventory and expertise in parts interpreting. It also has strong local market knowledge. Trucking is huge in Australia, but fleets are aging and often consist of vehicles from dozens of manufacturers, many concentrated in different parts of the country. Knowing what parts will be needed and where is a major advantage. The company has also grown revenue at a 17% CAGR over the past decade. Modernization could pose a threat through automation or electrification, but it’s unlikely to play out meaningfully over the next decade. We wrap up with Mike and Emmet sharing how they would invest $10K across these stocks. If you’re a new investor looking to start off on the right foot, we think Stock of the Month is the service for you. Every month, we pitch you one accessible, long-term stock we love, with a comprehensive write-up. We’ve been lucky to have some big winners, like Shopify which has returned more than 2600% since we picked it in 2017. Head to https://www.mywallst.com/stock-of-the-month to get all the details. Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro01:40 Kalashi and predictive markets rant 06:41 Why Focus on Australia14:39 Telex Pharmaceuticals 18:32 Why Telex Excites Investors20:44 Moat and Market Expansion21:52 Risks26:30 Supply Network Limited (ASX: SNL)28:40 Moat Through Parts Expertise and Market Outlook37:57 10K Split and Wrap Up

This week, Emmet and Mike are digging into one of the hottest trends of our futuristic world: human longevity. We’ve all seen Bryan Johnson on our social feeds, but the business of living longer is more than just a meme. Today, new-age pharmaceutical companies are leveraging AI to reinvent the drug development process—making it faster, cheaper, and more customizable. If they’re successful, it could become one of the most important scientific innovations of all time. This raises the question: how do you invest in it? Emmet sees four categories: Metabolic longevity — Eli Lilly, Novo NordiskEarly disease detection — Guardant Health, Exact SciencesLongevity infrastructure — Thermo Fisher, Danaher CorpMoonshots — Recursion Pharmaceuticals IncBut which stocks are the lads’ favorites? Mike favors Tempus AI (TEM) for its two-pronged business model, composed of diagnostics and data. The diagnostics side is similar to Guardant Health, focusing on hereditary and sequencing tests. The data side consists of vast libraries of medical data that are licensed to other pharma and biotech companies, enabling things like trial design, pre-validation, and patient enrollment. They also have some impressive stats: net revenue retention sits at 126%, and they have over a billion dollars in backlog. Emmet goes with a stock he previously added to his watchlist, but later removed due to its complexity: Recursion Pharmaceuticals. It has a validated, full-stack platform for AI-driven drug discovery, but currently licenses data from Tempus AI. It recently achieved its first patented result from its AI system, which is considered a major breakthrough. They wrap up by sharing which stock they would invest in today. In celebration of St. Patrick’s Day, all of our services are on sale. From Horizon to Prophet, it’s a great time to find your next life-changing investment (at a discount). Importantly, our Insider Bot lives inside Horizon so if you want to invest like a CEO or CFO now is the time. To lock in your special rate, email [email protected] Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro01:31 Why Longevity Matters07:31 Demis Hassabis on the Future of AI15:08 Longevity Investing Archetypes24:16 Tempus AI Overview31:39 Recursion Pharma Pitch45:07 10K Portfolio Split

We’ve pitched you businesses and described graphs, but this week Mike and Emmet put the power in your hands and teach you how to find multibagger stocks. And it can be as simple as one metric: insider ownership. Inspired by the beloved book Investment Intelligence, we show you how to monitor and understand insider buying. This includes which executives to pay special attention to, how much is considered a meaningful purchase, and how to distinguish between virtue signalling and genuine investment. Overall, insiders are great at identifying when stocks are undervalued, especially when that undervaluation is driven by poor market sentiment. They might not be the best at timing the absolute bottom (to be fair, who is?), but they often reap the rewards over the long term. Emmet also reveals that the insider signal with the greatest historical returns is when a CEO buys shares after a large decline. If they’re willing to stake both their reputation and cold hard cash on better days ahead, it’s worth paying attention. It’s also an apt time for the topic, as there has been a flurry of insider buying recently, so Mike walks you through some of the biggest headlines. Anthony Noto, CEO of SoFi Technologies (SOFI), bought roughly $1 million worth of shares on March 2nd, almost calling the bottom to the cent. Scott Nuttall and Joseph Bae, Co-CEOs of KKR & Co. (KKR), also stepped in to buy shares despite growing concerns about the private credit market. With the stock down roughly 40% since July, the pair each purchased 100,000 shares across two rounds of buying. The cluster buying suggests leadership sees an opportunity. Greg Abel, Vice Chairman of Berkshire Hathaway (BRK.A, BRK.B) and Warren Buffett’s designated successor, has committed his $15 million salary to buying Berkshire shares. This appears to be as much a cultural signal as an investment decision, reinforcing Berkshire’s long-standing emphasis on alignment between management and shareholders. Jeff Green, CEO of The Trade Desk (TTD), bought nearly $150 million in shares at the beginning of the month. The stock has fallen significantly from its highs amid concerns that Amazon (AMZN) is building its own competing advertising platform. However, news broke on March 5th that The Trade Desk may partner with OpenAI on advertising opportunities and the stock soared. But everyone thinks the timing is a little suspicious. Andrew Robinson, CEO of Skyward Specialty Insurance (SKWD), has also been buying shares. The company recently caught Emmet’s eye so he was excited to see the disclosure. We wrap with Follow Prophet. In celebration of St. Patrick’s Day, all of our services are on sale. From Horizon to Prophet, it’s a great time to find your next life-changing investment (at a discount). Importantly, our Insider Bot lives inside Horizon so if you want to invest like a CEO or CFO now is the time. To lock in your special rate, email [email protected] Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro05:23 Why Insider Buying Matters17:09 Cluster Buys And Timing20:21 Insider Bot Alerts Explained22:10 SoFi Buys26:56 ServiceNow CEO Buys29:17 Trade Desk Mega Buy36:45 CFO Buys Matter41:18 Follow Prophet

This week, we’re heading to safer shores — trading moonshots for mailboxes — and bringing you Emmet and Mike’s favorite dividend stocks. We’re growth investors at heart and would usually rather see smart R&D spending than dividend distributions. But for many investors, especially those approaching retirement, a few value stocks can be a smart addition to a portfolio. Emmet walks us through why a company might start offering a dividend — and why it might not. The decision can come down to a mix of cash availability, tax laws, pressure from large shareholders, and a desire to stay in the market’s good graces over the long term. He kicks things off with the Dividend Aristocrats (NOBL) ETF, an index of US companies that have increased their dividends for 25 consecutive years and meet certain size and liquidity requirements. Emmet calls it “the most solid investment in the world.” He then revisits the pitch from recent Stock Club guest Porter Stansberry and makes the case for Altria Group Inc (MO). He finishes his list with Verizon (VZ), a wireless giant with a healthy moat and a 6%+ dividend. But it’s also staring down the looming threat of satellite internet providers. Mike returns to familiar territory with Investor AB (STO: INVE-B), the “Swedish Berkshire Hathaway”, it's a holding company with stakes in public companies, medtech firms, and smaller private businesses. It’s a lovely way to snag a piece of the Swedish economy and is currently Mike’s largest position. He then heads east with Tokio Marine (TYO: 8766), a Japanese insurance company riding the wave of the country’s stock market recovery. He shocks no one by pitching a stock that made last week’s portfolio as well: Waste Management (WM). At least this time, you get the reassurance that it’s also this month’s Stock of the Month. We wrap up by checking in on Finance Minister Simon Harris’s recent comments about deemed disposal and the avenues available for investing in Ireland. With €170 billion sitting in Irish bank accounts, it’s clear that at least some of it could be put to work. Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ To celebrate our 300th episode, Stock of the Month is on sale for $149 for 2 years or $99 for one year. Grab your deal at https://www.mywallst.com/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro 02:16 Dividend Stocks Setup 11:33 Why Dividends Stick 17:09 Modern Era Buybacks 21:34 Dividend Aristocrats ETF 25:46 Investor AB 29:45 Altria 34:33 Tokio Marine 37:58 Verizon 44:56 Waste Management 46:32 Irish Investing Law and Deemed Disposal

To celebrate Stock Club’s 300th episode, Emmet and Mike attempt to find the next Nvidia. The idea spawned from a portfolio Emmet assembled back in 2019 in our early episode: “13 Stocks That Could Be the Next Netflix or Dell.” These represent the golden gooses of his investing career and prove it only takes one great stock to change your life. The original lineup included Shopify (SHOP), iRobot (IRBT), The Trade Desk (TTD), Veeva Systems (VEEV), Twilio (TWLO), Arista Networks (ANET), Tesla (TSLA), Baozun (BZUN), Duluth Trading (DLTH), Stitch Fix (SFIX), and H World Group (HTHT). Over the last seven years, there have been losers, but the winners more than made up for them. The total portfolio has returned 227% vs. the S&P 500’s 100%. So this week, Mike and Emmet attempt to recapture the magic and assemble a list of six stocks that could be future compounders. Mike starts conservatively with Waste Management (WM), the indisputable, undisruptable king of bins. It’s a dirty business, but someone has to do it, and it seems no one else is willing — giving this long-time Wall Street favorite a considerable moat. Emmet follows this up with a riskier stock, to say the least. He opted for Rocket Lab (RKLB), which was also a buy-and-hold pick of David Gardner on his recent Stock Club episode. It’s clear the race for space is heating up, and it’s arguably the best option on the market. Mike stays in the futuristic lane, picking Uber (UBER). He’s betting that it will be the great aggregator and the gateway between consumers and the somewhat segmented autonomous vehicle market. But it could get disrupted by a provider going straight to the people. Emmet then pitches one of his investing regrets, MercadoLibre (MELI), as he let these shares go too soon. It’s a slice of Latin America’s e-commerce and banking sectors and has an undersaturated market. In Brazil alone, its market share has doubled since 2020. They then wrap up with long-discussed CRISPR Therapeutics (CRSP), the leading provider of gene therapy, and Constellation Software (CSU), the great acquirer down in the dumps. Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/ To celebrate our 300th episode, Stock of the Month is on sale for $149 for 2 years or $99 for one year. Grab your deal at https://www.mywallst.com/ Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro04:31 Time Machine Setup05:27 2019 Picks Recap19:20 Growth Portfolio Takeaways24:11 Waste Management26:36 Rocket Lab30:12 Uber33:56 Mercado Libre40:15 CRISPR43:10 Constellation Software52:40 Podcast Favorites Recap

There are three princes in the autonomous taxi race: Google’s Waymo, Tesla, and Amazon’s Zoox. But who will win and claim the crown? All the smartest investors want to know. Luckily for them, this week Derek Reilly drops by Stock Club, fresh off the CES trade show, where he saw the latest self-driving tech. Derek believes Waymo is the gold standard, having achieved Level 4 autonomy thanks to its use of lidar, radar, cameras, and sophisticated mapping. With its expansion focused on dense urban areas, he thinks adoption will look like a hockey stick. But hot on its heels is Zoox, Amazon’s purpose-built autonomous vehicle (imagine a fridge on wheels). While Tesla may have been first to market, Derek feels its decision to forgo lidar could undermine its safety and performance. Skipping lidar may have made its system cheaper, easier to scale, and sleeker in design—but using multiple sensors helps ensure performance regardless of conditions. When it comes to seeing any of these providers on the streets of Ireland, it will likely be a few years yet. The United States is an easier testing ground, with standardized road signs and lenient regulations. The same cannot be said for the EU. Beyond taxis, NVIDIA’s “Alpamayo” chip could help all car manufacturers work toward autonomy, making it a compelling pick-and-shovel play in the space. But telling someone NVIDIA is a great stock isn’t exactly breaking news. Derek does highlight, however, a slew of autonomous-driving stocks focused on software, processors, data storage, and lidar sensors—for those looking for names outside the Magnificent Seven. Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet”. For a limited time, 30 new subscribers to Horizon will get Nexus I, II, and III included for $1500. To claim your offer, email [email protected] Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month. Click here to join now or email [email protected] for a deal. Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro04:33 Autonomous Driving 10106:27 Why Waymo Leads13:13 NVIDIA’s ‘AlphaMayo’16:48 Tesla FSD Debate22:56 Zooxs33:44 Beyond Robotaxis: Where Autonomous is Going38:32 Pick-and-Shovel Stock Plays

Salesforce, Workday, HubSpot, Atlassian, ServiceNow, Adobe, and more are all down in the dumps. Is the age of B2B software supremacy at an end? Long favored for their revenue growth and strong margin profiles, many of these stocks have benefited from (and struggled with) lofty valuations. But AI—and the advent of “vibe coding”—is putting their moats under threat, so Mike and Emmet dig in to determine which software giants are oversold and which may be entering terminal decline. The one thing they agree on: being mission-critical makes all the difference. Software that provides systems of record, essential workflows, or cybersecurity is unlikely to be disrupted by internal tools built with Claude Code. As Emmet puts it, “outsiders are confusing creation with responsibility.” Most large organizations have complex, layered tech stacks that must be consistently maintained and cannot be readily replaced. It’s far more likely that existing providers will add AI capabilities. This argument has made CrowdStrike, Adobe, and Atlassian appealing to Emmet. Beyond this, Mike believes software specialists creating tools for tight verticals and peculiar niches are unlikely to be upended by AI newcomers, as their markets are too small to attract meaningful attention. This has kept Constellation Software on his watchlist. However, both agree that non-essential business software, like Notion or Typeform, could be on the chopping block. We wrap with an edition of Follow Prophet. Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet”. For a limited time, 30 new subscribers to Horizon will get Nexus I, II, and III included for $1500. To claim your offer, email [email protected] Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month. Click here to join now or email [email protected] for a deal. Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro03:52 The SaaS Apocalypse09:37 Mission Critical Software: Winners and Losers25:33 Switching Costs: The Underappreciated Moat28:28 Vertical Software and Niche Markets35:12 Resilient Software Companies49:55 Follow Prophet

This week, Emmet is joined by a legend in financial publishing, Porter Stansberry. Porter is a master at recognizing and managing financial risk—and educating the public along the way. He even delivered positive returns during the 2008 financial crisis. Porter shares his bull and bear case for America, weighing freedom of opportunity against excessive borrowing. He’s wary of U.S. Treasuries and worries the country could face a technical default similar to those in 1933 and 1971. He also outlines his views on the A.I. bubble, drawing lessons from the Dot-Com era. Tune in to hear why Porter believes corporate spinoffs are underappreciated investments, the role of gold in your portfolio, and which psychological traits differentiate successful investors. We wrap up with Buy, Hold, or Sell and an edition of Desert Island Stocks. Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month. Click here to join now or email [email protected] for a deal. Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro 04:56 The Bull and Bear Case for America12:23 Navigating the AI Investment Landscape17:00 The Value of Corporate Spinoffs22:08 Psychological Traits of Successful Investors24:23 Investing in Essential Services31:39 Quickfire Round: Buy, Hold, or Sell36:30 Desert Island Stocks

If you are one of the 800,000 people in Ireland who do not have a workplace pension, your paycheck may be a bit lighter this month. This week, Ireland’s Auto-Enrolment Pension Scheme (a.k.a. MyFutureFund) launched, aiming to address the shortcomings of the State Pension. If you are part of this cohort, 1.5% of your gross salary is now being directed into a retirement account. Luckily for Stock Club listeners, we’re joined by Ralph Benson from MoneyCube to walk you through all the details. With an ageing population and inflation on the rise, auto-enrolment is a key way Europeans can help ensure their comfort in retirement — but there’s a lot to unpack. One especially important point: if you’re in the highest tax bracket in Ireland, you may be leaving money on the table by relying solely on auto-enrolment. Additionally, fund selection is fairly limited, giving you little control over where your money is invested. Some questions we answer: What should I do if I’m an employer?Will I be enrolled if I’m self-employed?My employer hasn’t spoken to me about auto-enrolment or MyFutureFund — should I ask them about it?Should I start my own personal pension or stick with auto-enrolment?Can I have both a personal pension and auto-enrolment?Is auto-enrolment good for Ireland’s overall pension market?Will it have a positive knock-on effect on Ireland’s investing culture?If you find yourself in auto-enrolment, you won’t want to miss this episode. For more information head to: MyFutureFund.ie Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month. Click here to join now. Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro01:42 Details and Impact of Auto-enrolment06:39 Unknowns of the scheme, withdrawals and fees16:16 Auto-enrolment vs Private Pensions (Tax benefits)24:04 What should I do if I’m an employer? 24:58 Will I be enrolled if I’m self-employed? 25:36 My employer hasn’t spoken to me about auto-enrolment , should I ask them about it? 27:12 Should I start my own personal pension or stick to auto-enrolment? 29:00 Can I have both a personal pension and auto-enrolment? 31:02 Is auto-enrolment good for Ireland’s overall pension market? 32:32 Impact on the Irish investing landscape40:43 One thing every Irish investor should know

If you thought last week was a treat, Mike and Emmet are here to double your luck. They bring you six more stocks to fill out your portfolio across different tastes and risk factors. Check in with your needs and add to your shortlists. We’ll pitch you: A Magnificent Seven member on the up and up in 2026A biotech—reasonable or riskyA stock with nothing to do with AI (no bubbles here)Magnificent Seven Google (Alphabet) (NASDAQ: GOOG) He can’t pitch Tesla twice in the same month, so despite trying to avoid the AI bubble, Emmet couldn’t resist pitching Google—especially as Google Gemini appears to be gaining ground on OpenAI. It’s certainly the king of data, and its financial health is leaps and bounds ahead of most AI incumbents. Amazon (NASDAQ: AMZN) Diversification rules the day, and some speculative bets still bake growth into this mega-cap. With chips and automation in the works, Amazon could still manage a second (even a third) act. Biotech Danaher Corporation (NYSE: DHR) A major player in healthcare, diagnostics (its largest segment by revenue), and life sciences. Mike likes it for its diversification and razor-and-blade model, plus it has seen healthy improvement over the last few quarters. Emmet thinks it might be the best company you’ve never heard of. Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) An incredibly risky biotechnology company focused on discovering and developing drugs using AI. It targets orphan diseases—those affecting fewer than 250,000 people. Its revenue is lumpy, and it remains unprofitable. Nothing to Do with AI (Snooze City) Waste Management, Inc. (NYSE: WM) Trucks, bins, holes in the ground—a perfect Peter Lynch “disgusting” stock. It’s essential and unsexy, but a consistent performer with rock-solid fundamentals and a healthy dividend. Dutch Bros Inc. (NYSE: BROS) An easy-to-understand coffee chain in the midst of major expansion. Focused on the drive-thru market, it owns most of its locations (rather than franchising) and has posted solid 6% same-store sales growth. We wrap with Follow Prophet. Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month. Click here to join now. Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro04:23 Magnificent Seven: Google15:29 Amazon21:40 Biotech Stocks: Danaher28:14 Recursion Pharmaceuticals39:25 Not an AI Stock: Waste Management45:23 Dutch Bros55:47 Following Prophet

For investors looking to refresh their portfolios heading into the new year, we’ve got a list of stocks hot off the presses. Mike and Emmet unpack: A stock they love with a market cap under $1 billionA favorite European stockA stock down more than 30% from its all-time highsSmall Caps: Relais Group (HEL: RELAIS), a Finnish auto aftermarket specialist. Vertical Aerospace Ltd (NYSE: EVTL), a specialist in eVTOLs (electric vertical takeoff and landing aircraft). European Stocks: Camurus AB (STO: CAMX), a biotechnology company focused on improving treatments for opioid addiction. Vinci SA (EPA: DG), a French infrastructure giant that operates airports, toll roads, and construction companies worldwide. They also charge Mike tolls every month. A Fallen Warrior: Novo Nordisk (CPH: NOVO-B), the owner of Ozempic and Wegovy. Rivian (NASDAQ: RIVN), the 2021 EV darling that has yet to recapture the market’s love. Tune in to hear Mike and Emmet’s favorites—and which stocks they’d add to their personal portfolios. We wrap with a fresh edition of Follow Prophet. Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month. Click here to join now. Become a successful investor by checking out all the content MyWallSt has to offer: 📩 Email us: [email protected] 📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7 💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/ 🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/ 🎉 Follow MyWallSt on social: ❌ X: @MyWallStHQ 💃 TikTok: @MyWallSt 📸 Instagram: @MyWallSt 🖥️ Facebook: @MyWallSt 👔 LinkedIn: MyWallSt 00:00 Intro01:40 Stock Picks: Under a Billion Market Cap02:54 Relay Group: European autoparts08:25 Vertical Aerospace: High Risk, High Reward20:00 Camurus AB, a biotech innovator24:50 Vinci SA: The King of French Infrastructure29:26 Stock Downturns and Opportunities30:45 Investment Case for Novo Nordisk35:13 Rivian: The EV Truck Contender44:42 Follow Prophet