# ![@TradingFactsX Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1825019076139175936.png) @TradingFactsX TFX

TFX posts on X about $crm, $sap, ai, sap the most. They currently have [--] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

### Engagements: [---] [#](/creator/twitter::1825019076139175936/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1825019076139175936/c:line/m:interactions.svg)

- [--] Week [---] -94%
- [--] Month [------] +676%
- [--] Months [------] +20,920%

### Mentions: [--] [#](/creator/twitter::1825019076139175936/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1825019076139175936/c:line/m:posts_active.svg)

- [--] Week [--] -75%
- [--] Month [--] +175%
- [--] Months [--] +4,850%

### Followers: [--] [#](/creator/twitter::1825019076139175936/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1825019076139175936/c:line/m:followers.svg)

- [--] Week [--] +1.40%
- [--] Month [--] +311%
- [--] Months [--] +1,750%

### CreatorRank: [---------] [#](/creator/twitter::1825019076139175936/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1825019076139175936/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  73% [technology brands](/list/technology-brands)  50% [finance](/list/finance)  24% [cryptocurrencies](/list/cryptocurrencies)  6% [travel destinations](/list/travel-destinations)  4% [luxury brands](/list/luxury-brands)  3% [automotive brands](/list/automotive-brands)  3% [countries](/list/countries)  3% [financial services](/list/financial-services)  3%

**Social topic influence**
[$crm](/topic/$crm) #88, [$sap](/topic/$sap) #7, [ai](/topic/ai) 23%, [sap](/topic/sap) #163, [$now](/topic/$now) #104, [$docn](/topic/$docn) #12, [target](/topic/target) 13%, [$lrcx](/topic/$lrcx) 12%, [$asml](/topic/$asml) 12%, [$klac](/topic/$klac) 12%

**Top accounts mentioned or mentioned by**
[@qualityinvest5](/creator/undefined) [@stockmktnewz](/creator/undefined) [@stocksavvyshay](/creator/undefined) [@nanalyzetweets](/creator/undefined) [@simonepaglia75](/creator/undefined) [@willbiddy](/creator/undefined) [@manuinvests](/creator/undefined) [@davidmarcus](/creator/undefined) [@therealjunto](/creator/undefined) [@deebosa](/creator/undefined) [@alighodsi](/creator/undefined) [@digitalocean](/creator/undefined) [@crm](/creator/undefined) [@mmatters22596](/creator/undefined) [@thomasjames1](/creator/undefined) [@tradingpulsex](/creator/undefined) [@tbpn](/creator/undefined) [@cathiedwood](/creator/undefined) [@wintonark](/creator/undefined) [@jimmyinvest](/creator/undefined)

**Top assets mentioned**
[Salesforce Inc (CRM)](/topic/$crm) [SAP SE (SAP)](/topic/$sap) [Now Coin (NOW)](/topic/$now) [DigitalOcean Holdings, Inc. (DOCN)](/topic/$docn) [Lam Research Corporation (LRCX)](/topic/$lrcx) [KLA Corp (KLAC)](/topic/$klac) [JPMorgan Chase (JPM)](/topic/$jpm) [Applied Materials, Inc. (AMAT)](/topic/$amat) [Taiwan Semiconductor (TSM)](/topic/$tsm) [Adobe, Inc. (ADBE)](/topic/$adbe) [Ferrari N.V. (RACE)](/topic/$race) [Palantir Technologies Inc. (PLTR)](/topic/$pltr) [Telcoin (TEL)](/topic/$tel) [ZetaChain (ZETA)](/topic/$zeta) [CoreWeave, Inc (CRWV)](/topic/$crwv) [Genius Sports Limited (GENI)](/topic/$geni) [IBM (IBM)](/topic/ibm) [Msci Inc (MSCI)](/topic/$msci) [Microsoft Corp. (MSFT)](/topic/microsoft) [ServiceNow Inc (NOW)](/topic/servicenow) [Dell Technologies, Inc. (DELL)](/topic/dell) [PepsiCo, Inc. (PEP)](/topic/$pep)
### Top Social Posts
Top posts by engagements in the last [--] hours

"@WillBiddy_ Maybe because past performance doesnt matter if you are buying $RACE today and they guided for revenues an EPS growing 4.9% and 6.4% CAGR (half of what you quoted there as if it was a good yardstick going forward) through 2030"  
[X Link](https://x.com/TradingFactsX/status/2017382947020562751)  2026-01-30T23:42Z [--] followers, [---] engagements


"Not forgetting anything. Not getting in some premiums valuation debate here. The original post framed past growth rates indicative of future growth rates and thought that readers may find $RACE s own outlook more informative. The stock is down a lot since then so valuation wise might be good now I dont know. I dont really care. But 4.9% revenue CAGR over the medium term is incredibly low just dont do a CMD day if thats what you have to show. Ive seen tens of CMD medium term guidances and Ive never seen worst numbers. Managements usually beat those targets but not by 2x. If $RACE grows 1.3-2x"  
[X Link](https://x.com/TradingFactsX/status/2017552922519674969)  2026-01-31T10:57Z [--] followers, [--] engagements


"$NOW - 4.3x revenue slightly lower GMs 2x top line growth higher retention rates only 2.57x in market cap. In all fairness terminal R&D and CAC intensity must be much lower for a business like $MSCI so the valuation gap is not as striking as if you only read the first part. But retention rates at businesses like $MSCI just shows how strong $NOW s (current and future in our opinion) value proposition is in the market. https://twitter.com/i/web/status/2018015843196522558 https://twitter.com/i/web/status/2018015843196522558"  
[X Link](https://x.com/TradingFactsX/status/2018015843196522558)  2026-02-01T17:37Z [--] followers, [---] engagements


"Who is the most exposed WFE vendor when it comes to NAND lines upgrades $LRCX. Largest installed base for NAND systems. Will probably capture 2/3 of the $40 billion upgrade cycle over the next [--] years. Interesting developments in WFE. Wrapping up our thoughts but our now [--] year old assumptions (attached 🔽) look more out of touch (to baseline upside) going forward for at least $ASML and $LRCX. $ASML $LRCX and $KLAC opportunity WFE intensity stable through [----] from: Tailwinds - Leading edge node current utilization @ 100% - Designs boom transistor architecture transitions (GAA and BSP) lack"  
[X Link](https://x.com/TradingFactsX/status/2018293046643769694)  2026-02-02T11:58Z [--] followers, [---] engagements


"@TheRealJunto In an agentic world where complexity increases more buyers will flock to early adopting incumbents who will develop orchestration at scale as a core competence. $SAP $CRM $NOW What happens to $SAP $CRM and $NOW ("SaaS" in this post) if Anthropic or any other well funded frontier LLM developer offers agents as labour directly to these SaaS customers They counter by offering own discounted (still very profitable) agents from a different LLM What happens to $SAP $CRM and $NOW ("SaaS" in this post) if Anthropic or any other well funded frontier LLM developer offers agents as labour"  
[X Link](https://x.com/TradingFactsX/status/2018840181621792979)  2026-02-04T00:13Z [--] followers, [---] engagements


"$DOCN is a cloud provider catering mostly to digital native SMEs and individual developers. Not software that should be grouped with your list there. Different business model differed economics nothing to do with software hence why $CRWV and other neo clouds not there either. https://twitter.com/i/web/status/2021583640421969923 https://twitter.com/i/web/status/2021583640421969923"  
[X Link](https://x.com/TradingFactsX/status/2021583640421969923)  2026-02-11T13:54Z [--] followers, [---] engagements


"@dee_bosa @alighodsi Glad we see the same story with $SAP. Our thoughts 🔽 Revenues 🔼 67% underpinned by time-bound onPrem to Cloud migrations that enable growth multipliers across [--] vectors. Vector 1: 2-3X contract value expansion SAP will end software maintenance for 55% of on-premise customers by [----] with the remaining 45% supported until [----] https://t.co/YXtx7dNJ4C Revenues 🔼 67% underpinned by time-bound onPrem to Cloud migrations that enable growth multipliers across [--] vectors. Vector 1: 2-3X contract value expansion SAP will end software maintenance for 55% of on-premise customers"  
[X Link](https://x.com/TradingFactsX/status/2021007800164356133)  2026-02-09T23:46Z [--] followers, [---] engagements


"Your ultimate guide against software bears. Bear case 1: agents demonetize seats Either: - Agentifiable workflows replace whole seats and software sells those agents at high margins (FTE costs saved too high for companies to worry about how much $CRM is making out of it especially when the alternative is leaving the platform - see below) - Or workflows cannot/should not be agentified and software keeps monetizing seats. Hence only downside for software occurs where workflows exit the platform altogether. Keep this point in mind. Bear case 2: LLM charged coding frenzy creates more alternatives"  
[X Link](https://x.com/anyuser/status/2016169070131880364)  2026-01-27T15:18Z [--] followers, [----] engagements


"ES = Enterprise Software throughout. Enjoy🔽 "Losing seats" reminder. if the workflow is agentifiable software monetizes the agent. If the workflow is not agentifiable software monetizes the seat. Software only loses if the workflow exits the platform. $MSFT ERP revenue +17% calendar Q1 guide up high teens Stay/leave the platform is the only question For agents to be effective they need to be grounded in enterprise data and knowledge that means connecting agents to systems of record operational data and analytical data AI (not) eating seats Microsoft [---] Copilot seeing larger commercial"  
[X Link](https://x.com/TradingFactsX/status/2017366117010784585)  2026-01-30T22:35Z [--] followers, [----] engagements


"$DOCN went from [--] new feature launches in Q1 [----] to 60+ per quarter in [----] with stable R&D expenses (incredible management execution) and built what seems to be the best cost-performance inference platform in the world. This announcement shows incredible speed to market complemented by production requirements awareness (security focus for Clawdbot/Moltbot/OpenClaw). Great job @digitalocean. Clawdbot is a breakthrough for agentic AI but running agents with arbitrary code execution on your local machine can bring security concerns. 🔒🤖🦞 We built a hardened 1-click image that introduces"  
[X Link](https://x.com/anyuser/status/2017599977808183470)  2026-01-31T14:04Z [--] followers, [---] engagements


"Timing correction on the post below. [----] $DOCN convertible holders can convert if share price is $50.92 or higher for at least [--] trading days in the [--] trading days leading up to March [--]. They can convert the following quarter - Q2 [----]. We think they trigger that option. Dilution analysis below still applies but we think $DOCN refinances the excess at very favorable conversion prices probably with the same counterparties to avoid any dilution. $DOCN is [--] trading days away (including today) from having at least [--] trading days of at least $50.92 in a continued 30-day period after January"  
[X Link](https://x.com/anyuser/status/2018256789536395751)  2026-02-02T09:34Z [--] followers, [---] engagements


"Just incredible what we are hearing from the $PLTR call. Super good for the right SaaS. For example one of the main obstacles slowing down ECC (previouson-prem ERP generation) to S4/HANA (cloud based latest generation) migrations for $SAP customers is that it is a multi-year manual intensive and expensive journey. So the transition gets slowed despite servicing deadlines. [--] billion are left to be transitioned (Software Support revenue line) and each on-premise becomes [---] in S/4 Hana. Churn is low single digits (cant change ERPs). $PLTR just said that their Agent (AI FDE) is now reducing"  
[X Link](https://x.com/anyuser/status/2018458706510278715)  2026-02-02T22:57Z [--] followers, [---] engagements


"What happens to $SAP $CRM and $NOW ("SaaS" in this post) if Anthropic or any other well funded frontier LLM developer offers agents as labour directly to these SaaS customers They counter by offering own discounted (still very profitable) agents from a different LLM provider bundling with wider offerings. E.g. SAP already offers bundle discounts of up to 70% - not new to them. Result = new entrant unable to match holistic platform value new entrant loses any relationship with SaaS. SaaS retains relationship and regains pricing power as alternative fails to offer a viable alternative. Most"  
[X Link](https://x.com/TradingFactsX/status/2018838951004663961)  2026-02-04T00:08Z [--] followers, [----] engagements


"For the record it is incredible how naive the big SaaS companies have been. They let Sam Altman and Amodei scare them (and probably their very ignorant consultants) into thinking that developing an LLM to run commercial workflows was too expensive for them. Meanwhile the Chinese are throwing out frontier LLMs meant to solve cancer (not double entry accounting) with a few hundreds millions of $ in training. $SAP $CRM $NOW and $TEAM could have done it individually or as a joint venture. $1B/year in training costs split across [--] companies [--] employees per company to create agents that can"  
[X Link](https://x.com/TradingFactsX/status/2020173410035216772)  2026-02-07T16:30Z [--] followers, [---] engagements


"Our SaaS positions and cost bases: $SAP: $245.16 $CRM: $236.27 $NOW: $108.6 Group portfolio weight: 27.6% Group performance: -14.9% Added today. Targeting up to 30% of portfolio weight. Will sell only on fundamentals changes. Working on our full thesis for the group. $NOW preview: https://twitter.com/i/web/status/2022065520556527645 https://twitter.com/i/web/status/2022065520556527645"  
[X Link](https://x.com/TradingFactsX/status/2022065520556527645)  2026-02-12T21:49Z [--] followers, [---] engagements


"Story Key: +30% CY2026 Repricing on Revenue Upside - 2026E Revenue: $45.4B vs. Street at $44.9B - 2026E EPS: $9.86 (Street GAAP not provided) Salesforce will accelerate in [----] as enterprise IT spending improves and large customers discard DIY attempts at agentic workflows (e.g. Dell PepsiCo). Most investors - far removed from actual enterprise operations - underestimate the difficulty of replacing purpose-built production-grade software with homegrown solutions or novice approaches that add little value. As Salesforce delivers revenue and earnings beats in [----] the repricing follows"  
[X Link](https://x.com/TradingFactsX/status/1994483717059088735)  2025-11-28T19:09Z [--] followers, [--] engagements


"AI works because of SalesForce not instead of SalesForce. If Im wrong tell me why. If Im right you know where this goes. Like and follow if you would like the Excel model"  
[X Link](https://x.com/TradingFactsX/status/1994483719206572321)  2025-11-28T19:09Z [--] followers, [--] engagements


"Christmas party: [--] talks with Big [--] integrators. [--] question. [--] answers. Is GenAI the death of enterprise software 15-yr project manager: I think it is Chat GPT is very impressive isn't it As long as it has the data ERP designers & implementation leads: Whats to replace/automate Core enterprise workflows are already automated. At scale consistency reliability controls determinism are what clients look for. LLMs could seat on top as assistants or execute some workflows - not replace the underlying systems. Long $SAP and $CRM. It's a renaissance. Pick your side"  
[X Link](https://x.com/TradingFactsX/status/1996323683975983157)  2025-12-03T21:00Z [--] followers, [--] engagements


"Christmas party: [--] talks with Big [--] integrators. [--] question. [--] answers. Is GenAI the death of enterprise software 15-yr project manager: I think it is Chat GPT is very impressive isn't it As long as it has the data ERP designers & implementation leads: Whats to replace/automate Core enterprise workflows are already automated. At scale consistency reliability controls determinism are what clients look for. LLMs could seat on top as assistants or execute some workflows - not replace the underlying systems. Long $SAP and $CRM. It's a renaissance. Pick your side"  
[X Link](https://x.com/TradingFactsX/status/1996323763344871715)  2025-12-03T21:00Z [--] followers, [--] engagements


"FQ3 earnings call - @CRM AI Revenue @ $1.4B revenue 114% YoY. Enterprise software is how large corps get AI. [----] re-rating incoming. Dont sleep on this"  
[X Link](https://x.com/TradingFactsX/status/1996346977886560685)  2025-12-03T22:33Z [--] followers, [--] engagements


"2030 Revenues Margins and EPS - Revenues: up between [--] to 63% vs [----] - Margins: up [--] to 6% on GMs stability from favorable mix shift towards leading edge nodes - EPS: up [--] to 107% on above + strong buyback potential from higher FCFs and a gradual shift towards greater debt ratios to reverse the current multi-year low as interest income enticement (from high rates) dissipates"  
[X Link](https://x.com/TradingFactsX/status/1998800687207940561)  2025-12-10T17:03Z [--] followers, [--] engagements


"$SAP: BUY [----] Price Target: $500/Share [----] to [----] CAGR: 19.3% [--]. AI risk overblown: Enterprise Software vendors not "disruptors" will own data workflow execution and enterprise-grade agents. SAP is the natural control layer. [--]. Revenue growth locked in: 67% revenue growth from structural price increases on cloud migrations [--]. Margin expansion: [----] restructuring + AI-driven productivity unlock sustained double-digit operating leverage. Full Thesis 🧵🔽"  
[X Link](https://x.com/TradingFactsX/status/1993807349145063709)  2025-11-26T22:21Z [--] followers, [---] engagements


"Heading into $CRM earnings with [---] shares @ $240.58 cost basis. Too cheap to ignore. Repricing imminent. Thesis 🔽 Revenues: purposely conservative Up 50% from CY25 with AI contributing 44% of that growth. AI penetration among existing Salesforce cloud customers jumped from 3.7% (2024) to 13.7% (2025) with 150% higher ACVs when agentic capabilities are included. Assuming a steady +10% annual penetration plus a 40% (only) AI uplift cumulative 2026-2030 AI-driven revenue = $35.6B"  
[X Link](https://x.com/TradingFactsX/status/1994483708053917701)  2025-11-28T19:09Z [--] followers, [---] engagements


"Operating Margins: expanding (still conservative) We hold gross margins flat through [----] despite likely improvement from lower engineer intensity and AI-driven efficiencies. (AI risk Covered in our $SAP post) Operating expenses to grow at 90% of revenue implying 10% annual operating leverage - extremely conservative given Salesforces historical margins on the existing cost structure and the far leaner AI-enabled cost base ahead. Result: Operating margins expand by 3.2% by [----] (including Depreciation Amortization and SBC)"  
[X Link](https://x.com/TradingFactsX/status/1994483712051089775)  2025-11-28T19:09Z [--] followers, [--] engagements


"Alright - our WFE plays [----] PTs - $ASML $1427 +58% vs current - 9.6% CAGR - $LRCX $249 +56% and 9.3% CAGR - $KLAC $1578 +34% and 6% CAGR Thesis 🔽 Strength even on moderate AI Capex estimate - DC spend up 2x by [----] - [----] visibility locked in. Remaining period estimates more conservative than most others in the market"  
[X Link](https://x.com/TradingFactsX/status/1998800681847644316)  2025-12-10T17:03Z [--] followers, [---] engagements


"$ASML $LRCX and $KLAC opportunity WFE intensity stable through [----] from: Tailwinds - Leading edge node current utilization @ 100% - Designs boom transistor architecture transitions (GAA and BSP) lack of used equipment and NAND upgrades Headwinds - Fabs focus on tool re-utilization and line adaptability - Short term: China in digestion mode"  
[X Link](https://x.com/TradingFactsX/status/1998800684599144736)  2025-12-10T17:03Z [--] followers, [---] engagements


"Product strength anchors Revenue CAGR visibility $DOCN accelerating growth with large customers is directly correlated to their offering technical strength which management understands well and emphasizes constantly. Very important - back in April/May when we started buying the stock we were particularly attracted by this exact dynamic: DOCN growing ability to attract (faster customer count growth) and retain (raising NDR) the largest customers. Intuitively success with the most technically demanding and complex customers points to R&D and distribution operations that can compete (profitably)"  
[X Link](https://x.com/TradingFactsX/status/2000967577359593845)  2025-12-16T16:33Z [--] followers, [--] engagements


"Margins and Capex Margins: $DOCN relays on a wide network (in the millions) of developers to drive customer acquisition which has kept relative CAC costs the lowest among market cap and sector peers for years. Capex: DC technical configuration is geared for traditional and 100% Inference workloads (no training) enables their cost per MW to be 33% of that of hyperscalers and recognizable Neo-clouds As a result we see GAAP Margins expanding towards 29% by [----] and Capex intensity slightly higher vs [----] at 26% as they turn on 30MW of capacity"  
[X Link](https://x.com/TradingFactsX/status/2000967579859378392)  2025-12-16T16:33Z [--] followers, [---] engagements


"$DOCN [----] EPS and Share Pricing expectations - GAAP Net Income up 366% to $526M - Share count down from continued SBC discipline (which we like a lot) - EPS up to $6.21 - Rule of [--] score of 49% (see below) supports an exit PE of [----] - Expected [----] pricing for each share $215.88 vs $45 today (380% upside)"  
[X Link](https://x.com/TradingFactsX/status/2000967582761799967)  2025-12-16T16:33Z [--] followers, [---] engagements


"$ASML $LRCX $KLAC 🔽 https://x.com/tradingfactsx/status/1998800681847644316s=46 $ASML CEO: Why is $ASML going to be an important player for the next decade - Demand for AI remains significantly high and we will see more players more companies designing chips and designing AI products - The high production and the new players will drive demand for https://t.co/nsEaev3Yii https://x.com/tradingfactsx/status/1998800681847644316s=46 $ASML CEO: Why is $ASML going to be an important player for the next decade - Demand for AI remains significantly high and we will see more players more companies"  
[X Link](https://x.com/TradingFactsX/status/2001110173385916516)  2025-12-17T02:00Z [--] followers, [---] engagements


"Tracks well with our WFE SAM (TAM less restrictions) assumptions for $ASML $LRCX and $KLAC. SEMIs [----] expectations for total TAM look beatable. Check out more here 🔽 https://x.com/tradingfactsx/status/1998800684599144736s=46 SEMI: Global semiconductor equipment sales will hit US$145 billion in [----] after rising 13.7% to a record high $133 B this year driven by AI-related spending in leading-edge logic and memory chip manufacturing as well as advanced semiconductor packaging. Growth is seen hitting https://t.co/9I8zI0sLgC https://x.com/tradingfactsx/status/1998800684599144736s=46 SEMI:"  
[X Link](https://x.com/TradingFactsX/status/2001283410145202384)  2025-12-17T13:28Z [--] followers, [---] engagements


"Wrapping up [----] at +47.5% no Mag7 held. [--] parts for this one - 1/2: thoughts on current market valuations - 2/2: our holdings and [----] thoughts 1/2 To our fellow retail investors: don't let simplistic "professional" P/E watchers like Chanos Burry and many others scare you away in this market. US valuations are well deserved and if anything they have room to grow. Always adjust PEs for profitability and growth. If you don't and you watch too many Bloomberg "experts" they may actually convince you that among other nonsense Europe is somehow more attractive because of "valuation". But is it"  
[X Link](https://x.com/TradingFactsX/status/2003594619691409779)  2025-12-23T22:32Z [--] followers, [---] engagements


"2/2 Holdings by size + [----] comments: $DOCN - re-rating to continue from faster revenue and EPS growth. [----] target @$60-$75. $SAP and $CRM - revenues acceleration to cut quash AI worries. [----] targets 20-30% higher. $GENI - betting revenues beat ads inflect and price follows as markets see no practical overlap between sport gamblers and odds traders (prediction markets). [----] target @$14-$16. $ASML $LRCX $KLAC - revenues higher but largely reflected in share pricing. Could be a flat year. $JPM - higher NIM to drive NII beat as rates likely drop faster from H2 in [--] (new Fed chair). Loan"  
[X Link](https://x.com/TradingFactsX/status/2003594622027681905)  2025-12-23T22:32Z [--] followers, [---] engagements


"@MMatters22596 $DOCN see for yourself. $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added revenue will https://t.co/FomwKuusF5 $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added"  
[X Link](https://x.com/TradingFactsX/status/2003642642358583354)  2025-12-24T01:43Z [--] followers, [---] engagements


"@Thomas_james_1 $DOCN $60-$75 in 26.🔽 $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added revenue will https://t.co/FomwKuusF5 $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added"  
[X Link](https://x.com/TradingFactsX/status/2003941258927264210)  2025-12-24T21:30Z [--] followers, [---] engagements


"@ManuInvests Hey check $DOCN $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added revenue will https://t.co/FomwKuusF5 $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added revenue will"  
[X Link](https://x.com/TradingFactsX/status/2005458171842969811)  2025-12-29T01:57Z [--] followers, [---] engagements


"+46.34% YTD. No Mag [--]. Current holdings cost return: - $DOCN DigitalOcean - $26.81 +80.16% - $SAP - $247.85 -0.24% - $CRM SalesForce - $240.58 +8.31% - $GENI Genius Sports - $6.60 +64.09% - $ASML - $692.12 +58.8% - $KLAC KLA - $662.25 +83.38% - $LRCX Lam Research - $88.06 +80.2% - $JPM JP Morgan - $179 +76% Will post my thesis for each one. Like and follow. https://twitter.com/i/web/status/1997088961085268059 https://twitter.com/i/web/status/1997088961085268059"  
[X Link](https://x.com/TradingFactsX/status/1997088961085268059)  2025-12-05T23:41Z [--] followers, [---] engagements


"Fee engine stability and growth gets priced in $JPM runs some of the finest fee earnings businesses in the world. We expect continued expansion from current 30%+ operating margins and topline growth of 8.8% per year to $133B in [----] as double digit growers become a larger part of the fee base. Graph below does not include fees from treasury services payments and others. https://twitter.com/i/web/status/2008639990075453769 https://twitter.com/i/web/status/2008639990075453769"  
[X Link](https://x.com/TradingFactsX/status/2008639990075453769)  2026-01-06T20:41Z [--] followers, [--] engagements


"Minimal Reserve Builds on normalized Credit Losses Exiting [----] $JPM (and others) reserved for a Fed induced slow down and 5.1% unemployment. However as the economy accelerates and stabilizes following the fastest rate hike cycle in more than [--] decades we see minimal reserve build going forward with modest releases in some years leading to credit loss provisions averaging at 0.71% of loans vs 0.57% pre-covid. https://twitter.com/i/web/status/2008639993255002357 https://twitter.com/i/web/status/2008639993255002357"  
[X Link](https://x.com/TradingFactsX/status/2008639993255002357)  2026-01-06T20:41Z [--] followers, [--] engagements


"Expenses - upward bias on [----] surprise [----] outlook surprised to the upside indicating that $JPM will keep investing in talent and real-estate to take market share. Included are some one-off items related to region headquarters upgrades (e.g. London Canary Wharf). https://twitter.com/i/web/status/2008639996723343429 https://twitter.com/i/web/status/2008639996723343429"  
[X Link](https://x.com/TradingFactsX/status/2008639996723343429)  2026-01-06T20:41Z [--] followers, [--] engagements


"Sold our last block of $JPM yesterday. +70% over [--] years. Will comment on earnings + APR cap and other points in the coming days. Sold to build up cash now almost 10% of our portfolio"  
[X Link](https://x.com/TradingFactsX/status/2011218372432957520)  2026-01-13T23:26Z [--] followers, [---] engagements


"$LRCX and $KLAC are much more exposed to leading edge fab ramps (which is 70-80% of $TSM capex). For anyone seeing this always play Semicaps as a sector and buy all [--] of the main ones (+ Tokyo Electron if you can): $ASML $AMAT $LRCX $KLAC $TEL. I.e. dont just buy $ASML because people here think its the only machine in a fab. As a reminder our $ASML position is up 92.37% but our $KLAC position is +133% and $LRCX is 147% since the trough last year when everyone here was just talking about $ASML. Just play the group lower risk and higher returns. Will update our model after earnings season"  
[X Link](https://x.com/TradingFactsX/status/2011916338806005813)  2026-01-15T21:40Z [--] followers, [----] engagements


"Your daily reminder to not be a simplistic P/E watcher. Should overlay ROE operating margins and expected forward 3-5 year revenue growth over that PE graph because alone is meaningless. Question for Michael: How much should anyone owning of one of the top [--] S&P stocks (36% of the index) sell you a business that on average has grown and is expected to grow double digits at 37% ROEs and 40%+ operating margins [--] times earnings [--] times earnings I wouldnt sell it to you for that much and neither should anyone else. Very happy to hold the group at 33-34x EPS. The S&P [---] PE is in line with your"  
[X Link](https://x.com/TradingFactsX/status/2012293051373293929)  2026-01-16T22:37Z [--] followers, [---] engagements


"@StockMKTNewz Software needs to get their act together with stock based comp. $CRM and $ADBE not good but still print a lot of excess cash. $TEAM is the worst. The issue with software names like $CRM and others is that they just cant stop ripping off shareholders with obscene stock-based compensation packages for average employees (including execs). You cant have SalesForce doing more SBC than $JPM at 1/5th of the net income 1/5th The issue with software names like $CRM and others is that they just cant stop ripping off shareholders with obscene stock-based compensation packages for average"  
[X Link](https://x.com/TradingFactsX/status/2012712737298604220)  2026-01-18T02:24Z [--] followers, [----] engagements


"@StockMKTNewz As we always say - just buy the group: $ASML $AMAT $LRCX $KLAC. Not just the litho maker. @StockSavvyShay $LRCX and $KLAC are much more exposed to leading edge fab ramps (which is 70-80% of $TSM capex). For anyone seeing this always play Semicaps as a sector and buy all [--] of the main ones (+ Tokyo Electron if you can): $ASML $AMAT $LRCX $KLAC $TEL. I.e. dont just buy $ASML @StockSavvyShay $LRCX and $KLAC are much more exposed to leading edge fab ramps (which is 70-80% of $TSM capex). For anyone seeing this always play Semicaps as a sector and buy all [--] of the main ones (+ Tokyo"  
[X Link](https://x.com/TradingFactsX/status/2012714764103774484)  2026-01-18T02:32Z [--] followers, [---] engagements


"To this extent we own $SAP and $CRM. $NOW - increasingly more attractive. @davidmarcus True Im sure companies cannot wait to finally spend their time trying to save 4-5% (at best) in operating expenses to migrate all their data and workflows out of their production grade software that gets constantly updated and maintained for them rather than focusing on an @davidmarcus True Im sure companies cannot wait to finally spend their time trying to save 4-5% (at best) in operating expenses to migrate all their data and workflows out of their production grade software that gets constantly updated"  
[X Link](https://x.com/TradingFactsX/status/2013930831392161986)  2026-01-21T11:05Z [--] followers, [---] engagements


"Good question. We are not buying because we would like to keep our 8% cash position intact for now and we already have 21% software exposure through $SAP and $CRM. That said we dont see downside from here on a [--] year+ basis. We would determine a max allocation we are comfortable with start a 30% position (of that allocation) at todays level run more checks (mainly around recent M&A) buy 40-60% more based on conviction thereafter buy the rest if the price drops 10%+ plus from our entry point to average down our cost base. Then wed hold. We like $NOW because their workflows are highly"  
[X Link](https://x.com/TradingFactsX/status/2014076968677863585)  2026-01-21T20:45Z [--] followers, [--] engagements


"@TradingPulseX $DOCN will raise guidance again. Look out for the convertible getting triggered next month and wiping out the debt off the balance sheet. Our thoughts 🔽 $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added revenue will https://t.co/FomwKuusF5 $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in 2027"  
[X Link](https://x.com/TradingFactsX/status/2014722159352913960)  2026-01-23T15:29Z [--] followers, [---] engagements


"@tbpn @CathieDWood @wintonARK This is a US story only. Stay the course and ignore the noise. Data packed article below🔽 https://t.co/we9bGZhj74 https://t.co/we9bGZhj74"  
[X Link](https://x.com/TradingFactsX/status/2014723788030480796)  2026-01-23T15:35Z [--] followers, [---] engagements


"We like $CRM and $NOW but dont overlook $SAP. #1 ERP in the world 80%+ of global transactions go through at least one of their systems virtually impossible to leave. Revenue growth visibility anchored by on-prem support deadlines forcing conversions to cloud subscription revenues with 2.5x uplifts. Our thoughts below 🔽 $SAP: BUY [----] Price Target: $500/Share [----] to [----] CAGR: 19.3% [--]. AI risk overblown: Enterprise Software vendors not "disruptors" will own data workflow execution and enterprise-grade agents. SAP is the natural control layer. [--]. Revenue growth locked in: 67% revenue $SAP:"  
[X Link](https://x.com/TradingFactsX/status/2014735065993896236)  2026-01-23T16:20Z [--] followers, [---] engagements


"@jimmyinvest Add the #1 ITSM provider in the world $NOW and the #1 ERP maker $SAP. Both riddled with interlinked databases embedded data lineage data models to guarantee maximum accuracy and reliability. Best in class retention rates at 97%+ for both. $SAP thesis below🔽 $SAP: BUY [----] Price Target: $500/Share [----] to [----] CAGR: 19.3% [--]. AI risk overblown: Enterprise Software vendors not "disruptors" will own data workflow execution and enterprise-grade agents. SAP is the natural control layer. [--]. Revenue growth locked in: 67% revenue $SAP: BUY [----] Price Target: $500/Share [----] to [----] CAGR:"  
[X Link](https://x.com/TradingFactsX/status/2014736608449224995)  2026-01-23T16:26Z [--] followers, [---] engagements


"Just buy your top [--] sector convictions for us is $SAP $CRM and $NOW. Either of them will do well from here but you may underperform at slightly higher risk (could execute sub-optimally) if you just pick one. Real examples: if you only bought ASML last year rather than that + $LRCX $AMAT and $KLAC you would have underperformed by 20% plus (at higher risk). No need to just pick one when the whole sector is down. Our $CRM thoughts 🔽 Heading into $CRM earnings with [---] shares @ $240.58 cost basis. Too cheap to ignore. Repricing imminent. Thesis 🔽 Revenues: purposely conservative Up 50% from"  
[X Link](https://x.com/TradingFactsX/status/2014739430746001753)  2026-01-23T16:38Z [--] followers, [---] engagements


"American companies have grown earnings 2.4% faster than other developed economies (including the EU) for 30+ years. Up 143% pre-GFC peak vs 25% in other developed economies. And at 50% of earnings volatility (15% vs 27% for Europe). Dont add risk to underperform. Long America. Data packed article for added conviction🔽 https://t.co/we9bGZhj74 https://t.co/we9bGZhj74"  
[X Link](https://x.com/TradingFactsX/status/2014747026752168153)  2026-01-23T17:08Z [--] followers, [---] engagements


"@BourbonCap Look like older estimates for the WFE makers - $ASML $AMAT $LRCX $KLAC. Estimates will go up but pricing has already caught up. We were expecting sector revenue up 22%+ in [----]. $TSM capex increase adds a strong base to these assumptions. More thoughts🔽 $ASML $LRCX and $KLAC opportunity WFE intensity stable through [----] from: Tailwinds - Leading edge node current utilization @ 100% - Designs boom transistor architecture transitions (GAA and BSP) lack of used equipment and NAND upgrades Headwinds - Fabs focus on tool https://t.co/JYFWbrzUVC $ASML $LRCX and $KLAC opportunity WFE"  
[X Link](https://x.com/TradingFactsX/status/2014759586792603708)  2026-01-23T17:58Z [--] followers, [----] engagements


"@obsidiancap1 @k3ithmccullough Exactly our point. Long $SAP $CRM and $NOW. @davidmarcus True Im sure companies cannot wait to finally spend their time trying to save 4-5% (at best) in operating expenses to migrate all their data and workflows out of their production grade software that gets constantly updated and maintained for them rather than focusing on an @davidmarcus True Im sure companies cannot wait to finally spend their time trying to save 4-5% (at best) in operating expenses to migrate all their data and workflows out of their production grade software that gets constantly updated"  
[X Link](https://x.com/TradingFactsX/status/2014995051026215170)  2026-01-24T09:33Z [--] followers, [---] engagements


"After reading this a recap of high level segment performance I still dont know what is defensible about $ADBE product stack. Is it a proprietary database Workflows that benefit from data aggregation into one platform Is it deterministic outcomes required for high value processes (e.g. management or regulatory reporting) Not saying it doesnt just saying the post doesnt go into any of it. We like $SAP $CRM and $NOW. More thoughts🔽 Additional comments on AI "risk" "AI risk" - predictable but misplaced. Companies take years to migrate their highly fragmented data estates to purpose-built"  
[X Link](https://x.com/TradingFactsX/status/2015001942687158644)  2026-01-24T10:01Z [--] followers, [---] engagements


"@pvdhhdvp @EquityBrian We think backlog growth stays above 25% underpinning double digit revenue growth this year ahead of expectations. While we dont have a model to predict short term price reactions we think you would be buying shares at a higher price from here after they report next Thursday"  
[X Link](https://x.com/TradingFactsX/status/2015003945245045225)  2026-01-24T10:09Z [--] followers, [---] engagements


"That expense would be R&D not cost of sales. Which is why even $PLTR GMs have stayed the same for as far as we can tell. Gross margin expansion only happens if cost of sales is fixed enough (almost never the case for anyone) and $ZETAs 10-K says that their cost of sales is primarily made up of: - Platform/ops support employees (not R&D where your tech advancement & customer use case expansion investment would show up) and will stay relatively stable as% of revenue - Media and marketing costs (100% variable costs) that consist of: - Fees paid to 3P publishers - Media owners or managers -"  
[X Link](https://x.com/TradingFactsX/status/2015069740494979388)  2026-01-24T14:30Z [--] followers, [---] engagements


"My question was very specific. Why are $ZETA Gross Margins relative to others low. Their cost of sales structure is variable (fixed X$ amount required to create Y$ in revenues) as seen in their 10-K. Nothing you mentioned addresses how those expenses will stop behaving (mathematically) in a different way than they are today. Your [--] points: execution customer use case expansion AAV expansion wallet share expansion are just words that at best suggest better revenue growth but answer nothing on the GM expansion question because it ignores the cost structure. Either way I was genuinely interested"  
[X Link](https://x.com/TradingFactsX/status/2015093914508677257)  2026-01-24T16:06Z [--] followers, [---] engagements


"Appreciate it. So $ZETA GMs should go up from mix shift to direct channels. In that case not sure why for the first 3Qs of [----] direct mix was 68% and GMs were 60.4% and for the first 3Qs of [----] direct mix was 74.3% and GMs were 60.6%. If just the direct channel mix shift gets them higher margins then it should have showed up there. Either way Id be watching GMs for tangible signs of product superiority this year but thank you for the exchange and I hope it goes well for you"  
[X Link](https://x.com/TradingFactsX/status/2015150991662895456)  2026-01-24T19:53Z [--] followers, [--] engagements


"I dont think anyone fails to know that the biggest risk to $ADBE is seat dilution and they are reacting by charging for AI credits. What the $ADBE long community has failed to explain is what makes the platform sticky. Arguments here are just mainly around cheap valuation and revenue holding up so far. @ManuInvests identified the core operating and financials pieces for its $UBER hard for bears to argue with that. For us here is a glance into how we think about software we like. $SAP - controls through proprietary data base tech pre-packaged data models enterprise records user access and high"  
[X Link](https://x.com/TradingFactsX/status/2015192978944389165)  2026-01-24T22:40Z [--] followers, [---] engagements


"@TechFundies Prices will correct this year. We like $SAP $CRM and $NOW Our SAP thoughts🔽 Revenues 🔼 67% underpinned by time-bound onPrem to Cloud migrations that enable growth multipliers across [--] vectors. Vector 1: 2-3X contract value expansion SAP will end software maintenance for 55% of on-premise customers by [----] with the remaining 45% supported until [----] https://t.co/YXtx7dNJ4C Revenues 🔼 67% underpinned by time-bound onPrem to Cloud migrations that enable growth multipliers across [--] vectors. Vector 1: 2-3X contract value expansion SAP will end software maintenance for 55% of"  
[X Link](https://x.com/TradingFactsX/status/2015375857846517774)  2026-01-25T10:47Z [--] followers, [---] engagements


"This is simplistic nonsense. But please keep at it - helps the rest of us. Please explain to me why would [----] comparison to [----] or [----] hold up. The top [--] companies in [----] included AT&T GM and IBM and as a group they had an average return on equity of 17% and operating margins around 23% on average. The top [--] stocks in the S&P today run at 37% + ROEs with operating margins in the high 40s. The more profitable and higher quality a business (or a group of them) the more each $ of equity is worth. Nobodys selling you $MSFT $GOOG$AAPL $NVD$AMZN and $META for 20x earnings. US stocks are fine."  
[X Link](https://x.com/TradingFactsX/status/2015392132064821573)  2026-01-25T11:51Z [--] followers, [--] engagements


"Buying $NOW at the open. $SAP $CRM $NOW will be 23% of portfolio weight. Will add on any post earnings weakness that doesnt materially contradict our thesis. To this extent we own $SAP and $CRM. $NOW - increasingly more attractive. To this extent we own $SAP and $CRM. $NOW - increasingly more attractive"  
[X Link](https://x.com/TradingFactsX/status/2015763534701850892)  2026-01-26T12:27Z [--] followers, [--] engagements


"@QualityInvest5 True not both of them report revenues though which Im sure you know. Just some accounting humor from us. But to your point if $NVDA orders GPU cloud capacity from $CRWV (which they have done in the past) then you are right. Both report revenues from the same $2B"  
[X Link](https://x.com/TradingFactsX/status/2015809509965369852)  2026-01-26T15:30Z [--] followers, [---] engagements


"@SpacemanZN @DDBlakeFischer @QualityInvest5 Understood. Do you know what adopting $ADBE packages at large orgs looks like Is it a download and play tool or does it take months + external consulting teams to deploy"  
[X Link](https://x.com/TradingFactsX/status/2015818382948319263)  2026-01-26T16:05Z [--] followers, [--] engagements


"@QualityInvest5 Currently in $ASML $LRCX and $KLAC from $692.19 $88.06 $662.25 respectively. Exited $AMAT at $220-$230 from $169 to buy software. If you are buying buy the group. Not just the litho maker🔽 @StockSavvyShay $LRCX and $KLAC are much more exposed to leading edge fab ramps (which is 70-80% of $TSM capex). For anyone seeing this always play Semicaps as a sector and buy all [--] of the main ones (+ Tokyo Electron if you can): $ASML $AMAT $LRCX $KLAC $TEL. I.e. dont just buy $ASML @StockSavvyShay $LRCX and $KLAC are much more exposed to leading edge fab ramps (which is 70-80% of $TSM"  
[X Link](https://x.com/TradingFactsX/status/2016107128746840526)  2026-01-27T11:12Z [--] followers, [---] engagements


"@KrisPatel99 @chamath Dont overlook $SAP. Number [--] ERP globally most entrenched enterprise software use cases on-prem to cloud migrations anchor revenue growth visibility. We like $CRM and $NOW too but those are on everyones radar. Our take🔽 $SAP: BUY [----] Price Target: $500/Share [----] to [----] CAGR: 19.3% [--]. AI risk overblown: Enterprise Software vendors not "disruptors" will own data workflow execution and enterprise-grade agents. SAP is the natural control layer. [--]. Revenue growth locked in: 67% revenue $SAP: BUY [----] Price Target: $500/Share [----] to [----] CAGR: 19.3% [--]. AI risk overblown:"  
[X Link](https://x.com/TradingFactsX/status/2014726066317775214)  2026-01-23T15:45Z [--] followers, [----] engagements


"Why are gross margins so low $ZETA - 60% $TTD - 79% $ADBE - 90% $CRM - 80% $APP - 86% A bit strange for an asset light business. Is it because they have to straight up pay others for data and repackage it (unlike the others up there). In which case there is a reason the others are not doing it and no reason why they cant do that themselves. Product/service superiority shows up in Gross Margins. Let us know. https://twitter.com/i/web/status/2015046334496063497 https://twitter.com/i/web/status/2015046334496063497"  
[X Link](https://x.com/TradingFactsX/status/2015046334496063497)  2026-01-24T12:57Z [--] followers, [---] engagements


"Platforms strength = value from switching - switching costs. The lower the resulting number the stronger (stickier) the platform. $SAP $NOW and $CRM account for 2-3% of total costs at their average customer. No customer is going to have a go at replacing these (very good) platforms to save 1-2% (at best) in expenses. Pricing power is just a derivative of the above. Where there is scope for seat reducing agentic use cases the costs saved (employee salaries) will be large enough for companies to not really care how much margin software is making out of whichever LLM they use to power those"  
[X Link](https://x.com/TradingFactsX/status/2015694583343026451)  2026-01-26T07:53Z [--] followers, [---] engagements


"@wallstengine Each $10M/year customer is 1%+ top line growth. Our historically conservative large customer count growth assumptions gets us a $20B+ Market Cap stock by [----]. In since April at $26.82/share. More🔽 $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added revenue will https://t.co/FomwKuusF5 $DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141%"  
[X Link](https://x.com/TradingFactsX/status/2016105096765927774)  2026-01-27T11:04Z [--] followers, [---] engagements


"@wealthmatica True. Up 141% on our WFE play with $ASML $LRCX and $KLAC. Buying only $ASML would have yielded 110%. More🔽 @StockMKTNewz As we always say - just buy the group: $ASML $AMAT $LRCX $KLAC. Not just the litho maker. @StockMKTNewz As we always say - just buy the group: $ASML $AMAT $LRCX $KLAC. Not just the litho maker"  
[X Link](https://x.com/TradingFactsX/status/2016286955986632706)  2026-01-27T23:07Z [--] followers, [---] engagements


"@QualityInvest5 Unfortunately there is a valuation consideration in there. $META trading at a lower (reported and normalized) P/E while growing and guiding for faster revenue growth than $NOW isnt sustainable. Other than that we agree. It was a good report - well comment once $CRM reports"  
[X Link](https://x.com/TradingFactsX/status/2016795893400269171)  2026-01-29T08:49Z [--] followers, [---] engagements


"@Champion_Stocks @WillBiddy_ All that glitters isnt gold. @WillBiddy_ Maybe because past performance doesnt matter if you are buying $RACE today and they guided for revenues an EPS growing 4.9% and 6.4% CAGR (half of what you quoted there as if it was a good yardstick going forward) through [----] https://t.co/xgU4FeXpgz @WillBiddy_ Maybe because past performance doesnt matter if you are buying $RACE today and they guided for revenues an EPS growing 4.9% and 6.4% CAGR (half of what you quoted there as if it was a good yardstick going forward) through [----] https://t.co/xgU4FeXpgz"  
[X Link](https://x.com/TradingFactsX/status/2017384962702406020)  2026-01-30T23:50Z [--] followers, [--] engagements


"Leaving these platforms makes no economic or strategic sense (numbers and rationale 🔽) and SaaS buyers are voting with their feet. Price action is making managements act on their best behavior re. SBC opex growth and R&D productivity. It will all work out for the big platforms if they keep executing. This isnt a Blackberry-IPhone moment with [--] switching costs no incumbents ability and/or willingness to match or surpass the new entrant. But these stocks are getting priced as such. SaaS buyers price vendors for reliability at scale. Not code superiority🔽 Your ultimate guide against software"  
[X Link](https://x.com/TradingFactsX/status/2017596322086269348)  2026-01-31T13:50Z [--] followers, [--] engagements


"@ReneSellmann @gokulr Wouldnt Buffet just not buy any of them And that makes him so remarkable Pick a side. What made Buffett so remarkable is that he wouldnt even think about Software stocks for even a second - not even in the current environment. What made Buffett so remarkable is that he wouldnt even think about Software stocks for even a second - not even in the current environment"  
[X Link](https://x.com/TradingFactsX/status/2017621862650392770)  2026-01-31T15:31Z [--] followers, [---] engagements


"We agree with that. We think SBC is a bigger issue when it comes to valuation for SaaS names with strong platforms that will not end up dead from AI. For instance $NOW s platforms are too good and expensive to leave but SBC is at 42.7% of FCF. $CRM much better in that regard but still not good enough. $SAP is by far the best of the bunch. Suggesting that SBC is probably just a US west cost cultural issue that is getting fixed. You cant have SalesForce doing more SBC than $JPM at 1/5th of the net income 1/5th of the employees with JPM running (by themselves) a software stack broader and deeper"  
[X Link](https://x.com/TradingFactsX/status/2017626961128939668)  2026-01-31T15:52Z [--] followers, [----] engagements


"The timing (everyone saying SaaS has no moat) and framing suggested you were praising his ability to spot SaaS weaknesses independently of market pricing didnt sound like a praise of his discipline virtues. If him being remarkable is due him to not liking SaaS fundamentals fine but then dont say that is not all doom and gloom for SaaS and that some will thrive in the AI age unless you want readers to be confused at what your position is. If him being remarkable is due to him staying in his circle of competence fine not sure how you would know that thats the case though. Berkshire bought SaaS"  
[X Link](https://x.com/TradingFactsX/status/2017640416741400821)  2026-01-31T16:45Z [--] followers, [--] engagements


"@nanalyzetweets Makes sense. Should have specified we were referring to $SAP $CRM and $NOW"  
[X Link](https://x.com/TradingFactsX/status/2018032069197066684)  2026-02-01T18:41Z [--] followers, [--] engagements


"@daniel_koss Who would have thought"  
[X Link](https://x.com/TradingFactsX/status/2018257884233019643)  2026-02-02T09:39Z [--] followers, [--] engagements


"EPS and Pricing $JPM can do (at least) $190B of buy backs retire 14% of shares outstanding and grow EPS at an 11.8% CAGR through [----]. On top of that we think its P/E grows to at least 17x which would still be lower than the median S&P500 stock while growing EPS 50%+ faster. https://twitter.com/i/web/status/2008640002859974713 https://twitter.com/i/web/status/2008640002859974713"  
[X Link](https://x.com/anyuser/status/2008640002859974713)  2026-01-06T20:41Z [--] followers, [---] engagements


"$DOCN is [--] trading days away (including today) from having at least [--] trading days of at least $50.92 in a continued 30-day period after January first [----]. If they keep that going for all of next week from Monday the second of February convertible holders can call the convert back for shares cash or a mix of both. Here is the worst case scenario: - Share count gets diluted between [----] and 8.7% depending on the last trading price next Friday - That is after the capped call kicks-in saving between 4% and 7.2% of dilution - Convertible goes away entirely halving total debt on the balance"  
[X Link](https://x.com/anyuser/status/2014782917046571307)  2026-01-23T19:30Z [--] followers, [----] engagements


"There is only [--] outcomes for software: [--]. Lose seats because of AI but sell that AI to execute workflows performed by former seats that are lost as a result of it. [--]. AI is not good enough to replace seats in which case software keeps monetizing the same number of seats. Therefore software only loses if workflows exit the platform altogether. Workflows exit the platform if the barriers to exit the platform are low enough. Platform strength = high barriers to exit = centralization requirement (wholistic view is the only view. E.g. cant have different systems for bookkeeping [--] GL accounts or to"  
[X Link](https://x.com/TradingFactsX/status/2015496681882521643)  2026-01-25T18:47Z [--] followers, [----] engagements


"We own $SAP. #1 ERP in the world most entrenched enterprise software use cases touches 80% of global transactions 96%+ customer retention in the midst of structural (2027-2033 servicing deadlines) on-prem to cloud migrations uplifting each $ migrated by 2.5x. 32x P/E down 30% from ATH we thinks its a double by [----]. More below🔽 Revenues 🔼 67% underpinned by time-bound onPrem to Cloud migrations that enable growth multipliers across [--] vectors. Vector 1: 2-3X contract value expansion SAP will end software maintenance for 55% of on-premise customers by [----] with the remaining 45% supported"  
[X Link](https://x.com/TradingFactsX/status/2014997725536829783)  2026-01-24T09:44Z [--] followers, [----] engagements


"Its a great question because the lack of responses really show that not many can articulate what is and isnt vulnerable to AI. For us is all about the strength of the platform (centralization requirement number of agentifiable workflows value of workflows current costs minus cost to switch). If you are a project management software margins will come down. Can just use a new tool for every new project (even big ones we do). Thinking of the $MNDY and $TEAM of this world. Not familiar enough with the losers to share more examples. We think $SAP $NOW and $CRM do very well. Read between the"  
[X Link](https://x.com/TradingFactsX/status/2017369593581351065)  2026-01-30T22:49Z [--] followers, [---] engagements


"Still cant understand where those numbers come from. To reiterate: The United States added $1.25T in real terms last year to itself and the world. Up 4.2% YoY China added $933B to itself and the world last year. Up 5% YoY So the US added 1.34x what China added in $ terms. And China grew 1.19x faster in % terms. But thats not a good measure of aggregate contribution as 5% is not wighted (unlike the $ number). So not sure how you got China contributing 2.7x more than the US to global growth. Gets even worse if forward looking for it to be true China needs to grow 9.6% (vs their own 5% target)"  
[X Link](https://x.com/TradingFactsX/status/2017642209873654118)  2026-01-31T16:52Z [--] followers, [----] engagements


"@nanalyzetweets Seat cannibalization is a non-argument. The only question is whether workflows leave the platform.🔽 Your ultimate guide against software bears. Bear case 1: agents demonetize seats Either: - Agentifiable workflows replace whole seats and software sells those agents at high margins (FTE costs saved too high for companies to worry about how much $CRM is making out of it Your ultimate guide against software bears. Bear case 1: agents demonetize seats Either: - Agentifiable workflows replace whole seats and software sells those agents at high margins (FTE costs saved too high for"  
[X Link](https://x.com/TradingFactsX/status/2018010122555928767)  2026-02-01T17:14Z [--] followers, [---] engagements


"@nanalyzetweets We were referring to $CRM and $NOW. For those [--] in your list seat cannibalization is a non-argument (counter to your headline argument for $CRM getting cremated by AI). Per attached in previous reply"  
[X Link](https://x.com/TradingFactsX/status/2018039786481606684)  2026-02-01T19:12Z [--] followers, [--] engagements


"@TacticzH @StockSavvyShay @fiscal_ai Not quite either. Most of $ASML EUV ASP increase came from NXE:3800s (Low-NA) working through wafers 1.44x faster than the previous year. WPH in HVM now at [---] vs [---] in 2024"  
[X Link](https://x.com/TradingFactsX/status/2018049247866699894)  2026-02-01T19:50Z [--] followers, [--] engagements


"Indeed. Watched the $CRM and $NOW parts of your video and could not see much on seats. But our response was to the headline post which ran on a seat based argument on $CRM. Glad to hear that was an SME take. The writer of this is currently involved in the implementation of a leading EPM system at an $80B org. https://twitter.com/i/web/status/2018052657361887357 https://twitter.com/i/web/status/2018052657361887357"  
[X Link](https://x.com/TradingFactsX/status/2018052657361887357)  2026-02-01T20:03Z [--] followers, [--] engagements


"$PLTR may have some SaaS offering/s. But they also monetize corporate inefficiencies through solution diagnostics design build and deploy. Think about any large consulting business from Accenture to the big [--] and others like IBM. Palantir does the same but they do it faster cheaper and better. We are hearing unbelievable numbers on the ground from colleagues working with Palantir folks on system implementations. Thats hundreds of billions of $ a year. We dont own it. Unfortunately. But for sure they are not (just) another SaaS. If large companies start moving to agent based models like they"  
[X Link](https://x.com/TradingFactsX/status/2018765261793575047)  2026-02-03T19:15Z [--] followers, [---] engagements


"Revenues 🔼 67% underpinned by time-bound onPrem to Cloud migrations that enable growth multipliers across [--] vectors. Vector 1: 2-3X contract value expansion SAP will end software maintenance for 55% of on-premise customers by [----] with the remaining 45% supported until [----] (at higher maintenance fees). Each migration converts $1 of on-prem maintenance into $23 of recurring cloud revenue as SAP assumes full responsibility for the customers IT estate (hosting maintenance development). Vector 2: 50% uplift from AI attach rates Cloud customers are easier to bundle with SAPs AI offerings. Early"  
[X Link](https://x.com/anyuser/status/1993807351762108735)  2025-11-26T22:21Z [--] followers, [----] engagements


"$DOCN [----] Price Target: $216 (+380%) Thesis🔽 $2.16B in revenues by [----] up 141% Re-acceleration to 18-20% in [----] not in [----] (previous mgmt. guide) from $100k+/Yr ("Scaler+") customers traction and multiple $10M+/Yr wins. Post [----] Same story 2/3 of added revenue will come from largest customers based on: - Historically conservative Scaler+ customer count growth and ARPU change - Only [--] additional $10M+/Yr wins through [----] @ $10M ARPU (minimum very conservative) NDR of 104% vs 99% in 2025"  
[X Link](https://x.com/anyuser/status/2000967574054453596)  2025-12-16T16:33Z [--] followers, [----] engagements


"With $JPM ROE on par with the S&P500 receding regulatory uncertainty and higher EPS growth (at lower volatility) we think its current 16.4x P/E should gradually converge to the S&P's 22x multiple over the coming years. $JPM is a $611 stock by [----]. Thesis🔽 [----] NII (net interest income) of $122B up 27% from: - NIM (Net Interest Margin) expands to 2.23% from 1.95% in [----] as Yield Curves steepen - Commercial Loan growth accelerates starting next year from both supply side (stable to decreasing regulatory requirements) and demand side tailwinds (lower rates and 100% ITCs kicking-in). We think"  
[X Link](https://x.com/anyuser/status/2008639986858684643)  2026-01-06T20:41Z [--] followers, [----] engagements


"Regulatory capital - constant through [----] albeit loosening is more likely SCB SLR and LCR requirements will be loosened to promote loan growth for US households and companies as Treasury Sec. Bessent (correctly) sees these rules as overly tight"  
[X Link](https://x.com/anyuser/status/2008639999625892327)  2026-01-06T20:41Z [--] followers, [---] engagements


"Main takeaways from the $TSM call. First LLMs apps guide $TSM conversations: Seeing increased LLM adoption in consumer enterprise and government. Cloud customers signaling strong end market demand and good ROI - capex road-map conversations now for 2-3 years in advance. Expects AI accelerator wafer revenue CAGR through [----] of mid to high 50s (from 40% last Q). This underpins point 2: 3-4 year visibility into capex cycle: [----] and [--] focus on increasing utilization with significant step up in Capex planned for [----] and [--]. Very positive signal for Semicaps as [----] Capex guidance 30%+ higher"  
[X Link](https://x.com/anyuser/status/2012177760161092058)  2026-01-16T14:58Z [--] followers, [---] engagements


"The issue with software names like $CRM and others is that they just cant stop ripping off shareholders with obscene stock-based compensation packages for average employees (including execs). You cant have SalesForce doing more SBC than $JPM at 1/5th of the net income 1/5th of the employees with JPM running (by themselves) a software stack broader and deeper than any of these software players. $CRM SBC should be a fifth. That alone would push EPS and effective FCF up 22%. Doesnt take a genius to develop and support CRM ITSM and PMO solutions. Their advantage is in the switching costs from"  
[X Link](https://x.com/TradingFactsX/status/2012710692302803205)  2026-01-18T02:16Z [--] followers, [----] engagements


"As US markets keep raising and P/E watchers spike their cortisol over "high multiples" more and more commentators are vouching for Europe as a diversification play away from the US. In this article http://x.com/i/article/2013518822636937216 http://x.com/i/article/2013518822636937216"  
[X Link](https://x.com/TradingFactsX/status/2014111299446141379)  2026-01-21T23:02Z [--] followers, [----] engagements


"$DOCN is now 37% of our portfolio at a $26.81 cost basis. As the company gaps higher our rerate thesis has now mostly materialized. Convertible could be called next week. In Q4 earnings well be looking for one key data point: number of large customers added. Momentum there would allow management to raise guidance again and as long as were confident in our [----] estimates well hold. Interesting to see if AMD can channel some of those 6GW from OAI to $DOCN when they turn that on in H2. Would be strange given current compute capacity at DOCN but who knows - story not dependent in mega deals"  
[X Link](https://x.com/anyuser/status/2015796357051633991)  2026-01-26T14:37Z [--] followers, [----] engagements


"Snapshots from our ongoing $SAP 3-statement model update following the FY release. Not much changed from our previous update (post linked below) but interesting headcount movements going on. Will share more thoughts along the way but [----] FCF yield looking good. Revenues 🔼 67% underpinned by time-bound onPrem to Cloud migrations that enable growth multipliers across [--] vectors. Vector 1: 2-3X contract value expansion SAP will end software maintenance for 55% of on-premise customers by [----] with the remaining 45% supported until [----] https://t.co/YXtx7dNJ4C Revenues 🔼 67% underpinned by"  
[X Link](https://x.com/anyuser/status/2017689019811856676)  2026-01-31T19:58Z [--] followers, [---] engagements

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