Enzo Finance⚡️

Biomechanics Engineer analyzing the anatomy of Wall Street. Tweets about Stocks, Options & Wealth. I'm documenting a public portfolio to beat the market

[Enzo Finance⚡️ @EnzoCDI]

@lukewj Yes, I used the term SaaS to make a generalization, but it's very simplistic.

Now, regarding its growth, I expect $NET to grow faster than $CRM, and that seems to be the case based on yesterday's results.

[Enzo Finance⚡️ @EnzoCDI]

$NET reports Q4 results after the close. This is the most expensive stock in SaaS (on a revenue multiple basis). Is the "Connectivity Cloud" gaining share, or is it just a really expensive CDN? Here is the setup. 👇

- THE NUMBERS
Revenue: ~$565M (+28% YoY). Anything under 25% growth is a disaster for this multiple.

Non-GAAP EPS: ~$0.22. Profitability is improving, but nobody buys NET for the earnings yet.

Net Retention: Needs to be >118%. If this ticks down, it means existing customers aren't expanding.

- THE GOOD SCENARIO
Developers are running inference on Cloudflare’s edge rather than paying AWS or waiting for centralized GPUs. If developpers adoption is vertical, the TAM (Total Addressable Market) just doubled.

They are ripping and replacing legacy VPNs (Zscaler, Palo Alto territory). Let's see if they take more market share.

-THE BAD SCENARIO
$NET is priced like Nvidia but grows like Salesforce. One slip-up on guidance, and the multiple compression will be violent (-20% overnight).

Last year, they had issues with sales productivity. Have they actually fixed the sales org, or is the macro still the excuse?

Is the core CDN business becoming a race to the bottom on pricing? Amazon CloudFront and Fastly are still lurking.

- THE CALL
AI Inference Revenue: Is Workers AI generating material revenue yet? If they say "it's early days" for the 4th quarter in a row, the AI premium evaporates.

In '24/'25, deals were getting stuck in procurement hell. If Prince says cycles are normalizing, that’s the green light for a rally.

Cloudflare used to burn cash to grow. Now they need to show operating leverage. If they guide for 20%+ FCF margins for FY26 it's a green light.

Buckle up. It’s going to be volatile.

Earning call: Today after the bell

[Enzo Finance⚡️ @EnzoCDI]

$GRAB reports results shortly. Anthony Tan has been promising steady margins and GAAP profitability. The Street believes the monopoly is secure, but is the consumer in Jakarta, Manila, and Bangkok still spending?

Here is the setup:

- THE NUMBERS
Revenue: ~$790M (+17% YoY).

Adj. EBITDA: ~$85M. This is the new floor. Anything lower is a thesis drift.

GAAP Net Income: The Holy Grail. Are we finally breaking even on a GAAP basis? Even a $0.01 EPS beat changes the institutional narrative forever.

- THE GOOD SCENARIO
Tourism in SEA is booming (Chinese tourists are fully back). High-margin airport rides are the golden goose for Mobility margins.

GXS (Singapore) and GXBank (Malaysia) have been cash drags. If management says, “Digital banks are approaching breakeven,” the stock rerates instantly.

Monopoly power: GoTo is busy fixing its own house. Grab has effectively won the subsidy war.

- THE BAD SCENARIO
Grab earns in IDR, THB, MYR, and VND but reports in USD. Forex headwinds could wipe out 3–5% of growth on paper.

Is Food Delivery growth stalling? With inflation hitting the SEA middle class, are people cooking at home? If GMV in Deliveries is flat, it’s a red flag.

- THE CALL
Grab sits on a mountain of cash (~$5B+). Are they launching a massive buyback program? In 2026, tech investors demand yield.

GrabAds: Advertising is pure margin. Penetration is still low (<2% of GMV). We need to see triple-digit growth here. If merchants aren’t paying for ads, the super-app monetization is failing.

- THE VERDICT
$GRAB is the only investable proxy for the Southeast Asian consumer right now.

GAAP profit + buyback announcement = breakout to $6.00+. 📈

Weak Delivery GMV + forex excuse = range-bound forever ($3–$4 purgatory). 🦀

Earnings call: Tonight after the bell

[Enzo Finance⚡️ @EnzoCDI]

@Stocktwits The downfall is huge on $U

[Enzo Finance⚡️ @EnzoCDI]

@KobeissiLetter American isolationism strikes again

[Enzo Finance⚡️ @EnzoCDI]

@JesseCohenInv @Investingcom You know what happened the first time ! Don't fall back into the trap again

[Enzo Finance⚡️ @EnzoCDI]

@KobeissiLetter No waaaaay

[Enzo Finance⚡️ @EnzoCDI]

@fiscal_ai Sheesh, +$10M

[Enzo Finance⚡️ @EnzoCDI]

@unusual_whales After options, here is the new money destroyer of degens

[Enzo Finance⚡️ @EnzoCDI]

@JesseCohenInv @Investingcom And they end up buying duolingo shares

[Enzo Finance⚡️ @EnzoCDI]

Robinhood $HOOD reports Q4 results after the close. This is not a meme stock anymore.

Here is the setup for the earning call of tonight. 👇

- THE NUMBERS
Revenue: ~$620M (+14% YoY). Transaction revenue is volatile; we need subscription stability.

EPS: ~$0.14. Profitable GAAP earnings are now the expectation.

Net Deposits: ~$5B+. This is the truest measure of trust.

- THE GOOD SCENARIO
Robinhood Gold isn't just a tier anymore; with the 3% match on IRAs and the credit card, it’s an ecosystem. If Gold subs hit 2M+, the recurring revenue thesis is validated.

Q4 saw some spicy volatility in crypto. That means transaction volumes (and fees) should beat estimates.

The UK launch is fully underway. Early data suggests strong adoption among young Euro traders tired of legacy banking fees.

- THE BAD SCENARIO
A huge chunk of HOOD's profit was Net Interest Income (NII) from cash sweeps. If the Fed cut rates can organic growth replace the lost interest income?

The SEC isn't done with crypto. Any new Wells Notice or litigation chatter on the call kills the vibe instantly.

MAUs (Monthly Active Users) have been flat. Are they just holding bags, or are they actually trading?

- THE EARNING CALL
The credit card launched broadly last year. Is it a loss leader (CAC) or actually profitable? We need data on it. Are users making HOOD their primary bank?

International Velocity: We need numbers. How many funded accounts in the UK/EU? If global expansion is just a cash burn with no sticky users, the stock gets rerated lower.

They rolled out futures trading. This attracts the professional retail traders who generate massive volume. If this uptake is high, ARPU goes vertical.

- THE VERDICT

Beat on Transaction Revs + Gold Sub Growth = Bull scenario

Miss on NII (Interest Income) + Weak Guidance = Bloodbath

Conf call at 5:00 PM ET.

[Enzo Finance⚡️ @EnzoCDI]

@Billwywes @JesseCohenInv @Investingcom My jealousy ?

[Enzo Finance⚡️ @EnzoCDI]

@unusual_whales It's just a matter of time before this fiat does like the dollar. Even if it’s backed by gold

[Enzo Finance⚡️ @EnzoCDI]

@LongJoe1986 @JesseCohenInv @Investingcom I agree with him that PLTR is overhyped, but $50? Come on.

[Enzo Finance⚡️ @EnzoCDI]

@mister_theta @TheLongInvest I agree

[Enzo Finance⚡️ @EnzoCDI]

Japan's 10-year yield just hit ~2.3%.

If this "risk-free" asset keeps rising, Japanese investors who hold trillions in foreign assets will have growing incentive to bring that cash home.

This could trigger a sell-off in US and European bonds, unwind a massive carry trade, and drain global market liquidity.

We need to keep an eye on it

$SPY $QQQ