Independent Research

Finding stocks upstream of major market moves

Independent research on overlooked public companies, second-order beneficiaries, and market narratives before they become consensus.

No hype. No price targets without math. Every thesis includes what could prove us wrong.
UA Watchlist
LPTH·Deep Dive
CODA·ShovelStock
RCAT·Rerate Watch
PDYN·Catalyst Map
KOPN·Deep Dive
ESTC·Rerate Watch
MPTI·ShovelStock
FEIM·Deep Dive
FPS·Catalyst Map
TATT·ShovelStock
LPTH·Deep Dive
CODA·ShovelStock
RCAT·Rerate Watch
PDYN·Catalyst Map
KOPN·Deep Dive
ESTC·Rerate Watch
MPTI·ShovelStock
FEIM·Deep Dive
FPS·Catalyst Map
TATT·ShovelStock
Six ways to find edge
before the crowd

Every piece starts from the same question: what's being mispriced, and why hasn't the market noticed yet?

Deep Dives

Company-specific research built from SEC filings, earnings transcripts, supply chain mapping, and competitive positioning. Not summaries — original analysis.

Catalyst Maps

Theme-based research maps: AI Infrastructure, Defense Autonomy, Space & ISR, Energy/Grid, Software Reversal. Who supplies what, and where the bottlenecks are.

Branded Column

ShovelStocks

The picks-and-shovels names behind larger narratives. The underfollowed suppliers sitting one layer below the headline winners.

Rerate Watch

Stocks where the market may still be valuing the company on the old story — while the new story is already showing up in the numbers.

Earnings Read-Throughs

What NVDA, LMT, RTX, and other large-cap reports tell us about demand flowing to second-order names. Bottleneck extraction from the transcripts.

Thesis Board

Structured community notes: bullish, bearish, neutral. Evidence, questions, and live debate. Think clearly, write publicly, update honestly.

Example: How we think
about supply chains
Research maps, not stock picks

We map emerging market narratives before they become consensus. Here's how.

01

Identify the Bottleneck

Every mega-trend creates supply constraints somewhere. We read large-cap earnings to find where demand is outrunning capacity.

02

Map the Stack

For every sector, we map the full supply chain and verify public company coverage at each layer — from prime contractor down to raw material.

03

Score the Catalysts

Twelve-factor scoring framework: backlog, revenue momentum, margin quality, customer validation, catalyst timeline, and hype/dilution risk.

04

Enter at Phase 2–3

Story ignored → first proof → proof repeats. We aim to be positioned when evidence begins compounding but before institutions get permission to buy.

Don't chase the obvious trade.
Find what's upstream.

Built for investors who want the map, not the hype — whether you're managing your own portfolio or just tired of reading the same consensus takes.

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