Stymbol

What’s on your mind? We provide insights to help you navigate markets and stay ahead. Not Financial Advice (NFA).

[Stymbol @stymbol789]

Current mood. $ZETA is just getting started. Long, NFA.

[Stymbol @stymbol789]

Added $ZETA today. When the stock hits my target price... Long, NFA. #mood

[Stymbol @stymbol789]

@Vivek4real_ One of the reasons to be long $ZETA, NFA.

[Stymbol @stymbol789]

@wealthmatica A $10B takeout sounds big until you realize $ZETA management has framed $10B as the revenue opportunity from existing clients alone. And David has said marketing is where Zeta started, “not where we expect to finish.” So $10B isn’t the exit price. It’s the first act. Long, NFA.

[Stymbol @stymbol789]

10/10 $ZETA bottom line: the discussion strengthened the bull case around data, Athena, wallet share, and operating leverage. OpenAI is the biggest new disclosure, but financial materiality is undefined. Long, NFA.

[Stymbol @stymbol789]

1/10 $ZETA presented at JPM TMC on May 18, 2026. CEO @dsteinberg10000 framed Zeta as an AI-driven business intelligence company that started in marketing because it is a trillion-dollar TAM, with the goal of becoming the operating system for enterprise marketing.

[Stymbol @stymbol789]

9/10 $ZETA also highlighted AI-driven productivity. Management said 75% of internal new code was generated automatically using SPADE and ZAPI workflows. Over 4 years, Zeta has grown organic revenue 30%+ CAGR while headcount grew ~10%.

[Stymbol @stymbol789]

@dsteinberg10000 / @DivesTech chat reiterated the Q1 Athena story (7x agentic volumne, 60% Athena-driven, ~75% less labor). New info: Q1 NRR was well above 115% in what mgmt called their seasonally lowest NRR quarter. Suggests the FY25 120% isn't rolling off. Long $ZETA, NFA.

[David A Steinberg @dsteinberg10000]

Always the best sitting down with @DivesTech . We covered earnings, the real-world use cases driving AI adoption, and what’s ahead for @ZetaGlobal . $zeta

Watch here:
LG 🚀🚀🚀

https://t.co/EhAGY2OJB0

[Stymbol @stymbol789]

@Sam_Badawi $ZETA

[Stymbol @stymbol789]

@Sergeant991 Expect $35 by EOY, NFA.

[Stymbol @stymbol789]

When $ZETA hits my target price I won’t openly tell you that I’m rich, but there will be signs. Long, NFA.

[Stymbol @stymbol789]

Absent some clarification from management, $TMDX will struggle as long as oil prices remain elevated. NFA.

[Stymbol @stymbol789]

Oil rose on reports that Iran struck a major LNG facility in Qatar, one of several energy assets Tehran has pledged to target following strikes on its South Pars gas field. This is heightening concerns about sustained disruption to critical energy infrastructure across the region.

I believe today’s $TMDX sell-off is tied to this move. The company operates a fleet of 22 owned aircraft, and fuel is a direct operating cost. No hedging program is disclosed. There is partial pass-through on third-party flights only, while fuel for the owned fleet flows directly through the P&L, creating uncertainty around both margins and customer willingness to absorb higher logistics costs.

It is also worth noting that TMDX had no owned aircraft as recently as 2022. The fleet was built following the 2023 Summit Aviation acquisition, meaning the company has limited operating history managing this cost base through a meaningful fuel price shock. The realized margin impact of a sustained oil spike remains largely untested.

The 2025 10-K highlights the risk clearly:

p. 33: “Although the cost of flights is paid by our customers, a substantial increase in the cost of flight services, due to prolonged increases in fuel prices... may require us to incur additional costs to identify and obtain alternative flights... and customers may be unwilling or unable to incur higher costs... and therefore forgo use of our services and products.”

p. 38: “Significant increases in aviation fuel costs could have a material adverse effect on our business, financial condition and results of operations... Fuel costs are a key component of our operating expenses for our aircraft operations.”

p. 66: Cost of service revenue includes “labor costs for pilots, aircraft depreciation, aircraft costs, fuel, crew travel, maintenance and third-party flight costs and ground transportation that support organ delivery.”

Net, this is a classic setup where a macro shock feeds directly into a key cost driver, with limited near-term visibility on how much can be passed through versus absorbed.

[Stymbol @stymbol789]

$ZETA launched Athena for general availability today, arguably the most important product catalyst to date, yet the stock sold off amid a broader software pullback following an $AMZN internal automation headline. That AWS headline actually reinforces the thesis: enterprises are replacing human workflows with AI agents, which is exactly the buying psychology Zeta needs to accelerate its replacement cycle against legacy marketing clouds.

Athena is not a new narrative but the productization of a strategy built over the past year, grounded in the empirical precedent that ZOE adopters spent 200-225% more on the platform, with Athena potentially driving a higher ceiling by layering execution and interface on top of decisioning.

None of this is in FY26 guidance, the stock is not pricing it, and Marigold is simultaneously feeding high-value enterprise logos into a platform that just became meaningfully more compelling. Long $ZETA, NFA.

[Stymbol @stymbol789]

Oil rose on reports that Iran struck a major LNG facility in Qatar, one of several energy assets Tehran has pledged to target following strikes on its South Pars gas field. This is heightening concerns about sustained disruption to critical energy infrastructure across the region.

I believe today’s $TMDX sell-off is tied to this move. The company operates a fleet of 22 owned aircraft, and fuel is a direct operating cost. No hedging program is disclosed. There is partial pass-through on third-party flights only, while fuel for the owned fleet flows directly through the P&L, creating uncertainty around both margins and customer willingness to absorb higher logistics costs.

It is also worth noting that TMDX had no owned aircraft as recently as 2022. The fleet was built following the 2023 Summit Aviation acquisition, meaning the company has limited operating history managing this cost base through a meaningful fuel price shock. The realized margin impact of a sustained oil spike remains largely untested.

The 2025 10-K highlights the risk clearly:

p. 33: “Although the cost of flights is paid by our customers, a substantial increase in the cost of flight services, due to prolonged increases in fuel prices... may require us to incur additional costs to identify and obtain alternative flights... and customers may be unwilling or unable to incur higher costs... and therefore forgo use of our services and products.”

p. 38: “Significant increases in aviation fuel costs could have a material adverse effect on our business, financial condition and results of operations... Fuel costs are a key component of our operating expenses for our aircraft operations.”

p. 66: Cost of service revenue includes “labor costs for pilots, aircraft depreciation, aircraft costs, fuel, crew travel, maintenance and third-party flight costs and ground transportation that support organ delivery.”

Net, this is a classic setup where a macro shock feeds directly into a key cost driver, with limited near-term visibility on how much can be passed through versus absorbed.