Manu Invests

Mark Mulhern - Manu Invests - Fundamentally Sound Substack. Quality investment insights. Breaking down financial statements & simplifying complex concepts.

[Manu Invests @ManuInvests]

👏🏻👏🏻👏🏻

[Wall St Engine @wallstengine]

S&P Dow Jones Indices will not change its eligibility rules to fast-track megacap IPOs into the S&P 500 or S&P MidCap 400.

That means companies like SpaceX or Anthropic would still need to meet the existing requirements, including profitability, seasoning period, & minimum IWF.

[Dmitry Polishchuk @dmitriyap]

We have completed over 60,000 trips for Uber riders and doubled our service area in Dallas since launch in Dec last year. Our fleet of 200+ cars (including R&D and Uber robotaxis) has driven over 1.3 million miles, with a million miles covered in the first five months of 2026.

[Adam Miller @_AdamMiller_]

Dara is so impressive

- Family fled Iran when he was 9 and they lost their fortune, seized in the revolution
– Very principled and values driven
- Took Uber from deeply loss-making to nearly $10 billion of free cash flow a year
- Incredible communication skills
- Extremely responsive to market opportunities and challenges
- Still has a huge chip on his shoulder

What a blessing it is for a $150b public company to have a leader that both feels like a seasoned executive as well as a hungry founder

[Manu Invests @ManuInvests]

Can I just turn “for you” off? Get these dumb Tik tok videos off my feed.

Mute button about to be on overdrive.

[TechCrunch @TechCrunch]

Uber to put 500 data-collection vehicles on the road this year https://t.co/zNJ5ktdz06

[Manu Invests @ManuInvests]

@SixSigmaCapital SixSigmAI

[Manu Invests @ManuInvests]

$META

[NoLimit @NoLimitGains]

Jensen Huang: "Nobody uses AI better than Meta."

[Manu Invests @ManuInvests]

@dissectmarkets 😂😂😂 it was a long travel day

[Manu Invests @ManuInvests]

$UBER on their convenience game.

Plane touched down and got the pop-up notification. 👌🏻

[Manu Invests @ManuInvests]

@TacticzH $SPCE isn’t forgotten. It went up 100% last week…. 😂

[Manu Invests @ManuInvests]

$META valuation is extremely attractive here.

Capex growth investment has a lag, waiting for the FCF rebound to buy risks missing the opportunity.

🐂🐂🐂

[Halal Stock Network @HalalSN]

How I'm positioning my portfolio.

Rotate into companies with strong fundamentals picking up momentum (solid earnings and cash flow, less speculative). @ManuInvests
Is good here.

Later in the year crypto will probably be a really solid play, not yet. @benjamincowen
Is good here for timings.

Holding onto more the spec plays that I really believe are winners (like $AUR, $HIMS and $TEM).

AI infra trade is a secular trend but don't buy everything, find the winners and buy on dips. @daniel_koss and @aleabitoreddit is good here for finding winners.

[Manu Invests @ManuInvests]

@DividendMil 🔥🔥🔥

[Manu Invests @ManuInvests]

@TheWiseIC If I recall correctly this is a screenshot from you… 😂

[Asymmetric Opportunities @Stock_Inf0]

The overall message from the monthly leaderboard is clear:

Momentum was concentrated in technology, AI infrastructure, compute, software recovery, space, crypto-linked equities, and frontier innovation.

That is a risk-on leadership profile.

$HYLN $RDW $RKLB, and $DELL where the best performers in each market cap bucket in the month of May.

[Stone Mountain Research @StoneMountain29]

A year ago I'd have told you to find investing ideas on X or Value Investors Club. Not anymore.

Substack has quietly become the best place on the internet for this stuff. Nowhere else gets you trading, long-term investing, and macro all in one feed, written by people who actually put their reasoning on the page.

The downside of all that quality is competition. More serious finance writers arrive every week, the feed gets noisier, and good work no longer rises on its own - a real problem if self-promotion isn't your strong suit.

If that's your world too, I'd love to have you here. I write long-form deep dives on individual companies, plus educational pieces that break down how to actually analyze a business - the kind of stuff I wish I'd had when I started.

A few other Substacks worth subscribing to:

@floebertus
@aurelionresearch
@hiddengemsinvesting
@atomicalcapital
@underhood
@unemployedvaluedegen
@speedwellresearch1
@manuinvests
@bearstone2023
@stonksvalue
@philipreschke

I'm sure I've left off far too many. Who am I missing?

[Manu Invests @ManuInvests]

@ruchernchong You are wise beyond your years my friend 🫡

[Manu Invests @ManuInvests]

The sector rotations in this market are wild.

[Manu Invests @ManuInvests]

@ClaudeNaggar Love to see it

[Manu Invests @ManuInvests]

$UBER is the only global competitor.

🤖🚕

It is going to be an exciting 2H’26

[Andrew Macdonald @andrewgordonmac]

The future of mobility is becoming reality. Excited by the momentum as we expand autonomous vehicles globally on the @Uber platform - creating more reliable, affordable, and sustainable transportation for millions 🌍🇪🇺🚗

https://t.co/ckUkV7bKwD

[Manu Invests @ManuInvests]

@ClaudeNaggar 🙌🏻🙌🏻🙌🏻

[Manu Invests @ManuInvests]

$META valuation is extremely attractive here.

Capex growth investment has a lag, waiting for the FCF rebound to buy risks missing the opportunity.

🐂🐂🐂

[Manu Invests @ManuInvests]

9/ By calculating actual Owner’s Earnings, a Warren Buffet favorite, we see can attempt to see through the Capex Cycle.

(NOPAT + D&A - Maintenance CapEx)

Around these prices, you're paying just 15x 2028 Owner Earnings for a clear path to $41/share.

That’s a ~6.76% forward FWD OE Yield for a company growing the top line at 30%+.

Cross-checked against our multi-scenario target models, and I am convinced $META is one of the best buys in the market:

2028 Base PT (18x EV/EBIT): $963

2028 12x EV/EBITDA: $1010

2028 Avg P/E (Consensus 18% Growth): $1,000+