Stock Picking with Fexingo: Individual Equities, Research, and Building a Concentrated Portfolio

In this episode, Lucas and Luna unpack the hidden implications of corporate America's $2.4 trillion cash hoard — cash that now earns next to nothing as the Federal Reserve holds rates steady. They examine why companies like Apple and Berkshire Hathaway keep piling up cash despite zero interest income, and what this means for stock pickers looking for disciplined capital allocation. With the S&P 50...

Lucas and Luna examine how the recent megacap tech selloff is creating opportunities for value investors. With NVIDIA down 7.7% in five days and Apple falling 4.5%, they discuss how a concentrated portfolio might benefit from rotating into undervalued sectors like energy and financials. They reference Berkshire Hathaway's 2% gain as a signal of shifting sentiment, and debate whether the old playbo...

With the Nasdaq down 3.3% in the last five days and NVIDIA falling 7.7%, Lucas and Luna explore why energy stocks like ExxonMobil and Chevron are becoming a surprising anchor for concentrated portfolios. They discuss the dividend yield gap between energy and tech, the impact of AI-driven electricity demand on oil and gas producers, and how the S&P 500's energy weighting has doubled since 2020. The...

This week, SpaceX was fast-tracked into the Nasdaq-100, triggering massive ETF buying demand. Lucas and Luna break down what this means for index funds, active managers, and the growing tension between passive inflows and valuation discipline. They examine the mechanics of forced buying, the precedent set by Tesla's inclusion, and how stock pickers can exploit index rebalancing. Along the way, the...

SpaceX is joining the Nasdaq-100 in a fast-tracked process starting July 2026, triggering massive ETF buying from funds that track the index. Lucas and Luna break down the mechanics of index inclusion, the estimated $12 billion in forced buying from passive funds, and what it means for active stock pickers. They discuss how the inclusion could boost SpaceX's stock price by 5-8% in the first week,...

In this episode of Stock Picking with Fexingo, Lucas and Luna explore the resurgence of net-net stocks — a deep-value strategy popularized by Benjamin Graham that targets companies trading below net current asset value. With the S&P 500 at 7,354 and retail investors chasing momentum, net-nets offer a contrarian alternative. Lucas breaks down how a small industrial company, Electro-Scientific Indus...

With the S&P 500 at 7,373 and the Nasdaq down nearly 3% in a week, Lucas and Luna debate the case for concentrated stock picking. Lucas walks through how Berkshire Hathaway and Nvidia exemplify the trade-off between deep conviction and diversification. Luna questions whether the typical retail investor should hold just 10-15 stocks. They cite Jeremy Grantham's warning about the most expensive mark...

Lucas and Luna examine the recent surge in dividend-focused equity ETFs, which has pushed inflows to the highest level in three years even as the S&P 500 yield hits a 25-year low. They explore what this hunt for yield says about investor sentiment and why buying high-dividend stocks today may signal a defensive posture that could backfire. The episode digs into one specific case: the pitfalls of c...

The Nasdaq just had its worst week in months, with Apple, Microsoft, and NVIDIA each down over 7 percent in five days. Lucas and Luna unpack why this rotation out of megacap tech is exactly the kind of environment where concentrated stock picking outperforms. They zero in on two specific numbers: the S&P 500's top-ten-concentration at 34 percent and the fact that the equal-weight S&P 500 is actual...

Pfizer's stock has fallen 7.3% in five days and the dividend yield is over 10%. Lucas and Luna examine how the pharma giant's post-Covid revenue collapse has turned what looked like a stable income stock into a high-risk value trap. They walk through the numbers: the dividend payout ratio, the patent cliff, and the pipeline risks. Plus, they contrast Pfizer with JPMorgan's $50 billion buyback anno...

Lucas and Luna dive into the latest meme stock frenzy: Wendy's surged 30% in a single day on June 24, 2026, with multiple trading halts. They break down what happened—citing the catalyst of a Reddit post about the chain's new breakfast menu and potential franchise buyback—and compare it to classic meme stock behavior. Lucas notes that unlike GameStop or AMC, Wendy's actually has solid fundamentals...

In this episode of Stock Picking with Fexingo, Lucas and Luna explore the massive rotation happening in June 2026. With NASDAQ down 7.3% in a week while the Russell 2000 is up 1.2%, they drill into why Alphabet and Microsoft are getting crushed—and how disciplined stock pickers can find bargains among the rubble. They examine the specific case of Alphabet, trading at 22 times forward earnings, ver...

Lucas and Luna examine the divergence between real estate stocks and the broader market in June 2026. With the S&P 500 hitting 7,400 and small caps surging 1.9% over five days, the Dow Jones U.S. Real Estate Index has dropped 2.3% this month. The hosts dig into rising cap rates, a slowing commercial property market, and how higher-for-longer interest rates are squeezing REITs and homebuilders. The...

The S&P 500 may be hovering near all-time highs, but beneath the surface a troubling divergence is emerging. Microsoft just reported its slowest Azure revenue growth in three years, and its stock is down 8% in the last five days. Lucas and Luna drill into what Microsoft's numbers reveal about enterprise cloud spending, AI monetization timelines, and whether the megacap tech trade is starting to cr...

The S&P 500's dividend yield has fallen to just 1.2 percent, the lowest in 25 years, as buybacks and AI-driven reinvestment crowd out cash payouts. Lucas and Luna examine the forces behind this shift — from the dominance of Big Tech's low-dividend weight to the rise of buyback-heavy capital return policies — and what it means for income-focused investors. They zero in on three concrete implication...

In an age of index funds dominating portfolios, Lucas and Luna make the case for active stock picking by drilling into two specific companies that have diverged dramatically in 2026: ExxonMobil and Apple. With the S&P 500 at 7,501 and the Nasdaq up 2.4% in the last five days, the hosts explain why Exxon has fallen 6.3% in the same period while Apple has rallied 2.4% — and what that tells us about...

In this episode of Stock Picking with Fexingo, Lucas and Luna explore a rotation that's been building for months: small-cap stocks are finally beating their large-cap peers. With the Russell 2000 up 1.2% in the past five days while the S&P 500 added 0.9%, the gap is widening. Lucas breaks down the macro catalysts—rate-cut expectations, a weaker dollar, and domestic revenue exposure—that are fuelin...

Lucas and Luna unpack the 6.3% slide in ExxonMobil stock over five days, tying it to the Strait of Hormuz closure and broader energy sector weakness. They explore how an integrated major like XOM is caught between geopolitical risk, refining margins, and the shift to a lower-carbon world. Lucas explains why the market is pricing in a structural de-rating, not just a headline scare, and why even bi...

In this episode, Lucas and Luna examine how stock buybacks have become a litmus test for corporate discipline in the mid-2026 market. With the S&P 500 at 7,501 and Apple buying back $110 billion annually, they dive into the data showing which companies use buybacks wisely and which destroy value. Using real examples like Apple, Tesla, and ExxonMobil, they break down the metrics that separate disci...

eBay has gone from forgotten marketplace to a top-performing large-cap value stock in 2026. This episode unpacks the turnaround: how eBay refocused on collectibles, slashed costs, and returned billions to shareholders. Lucas and Luna dive into eBay's unique position in the AI-driven commerce landscape, its disciplined capital allocation, and why a stock that seemed left for dead is now beating Ama...

In this episode, Lucas and Luna examine the rising scrutiny around stock buybacks in mid-2026. With the S&P 500 at 7,501 and the Dow at 51,565, companies are sitting on record cash, but investors are increasingly punishing those that repurchase shares at the wrong time or for the wrong reasons. The hosts zero in on two contrasting cases: a large tech firm whose buyback timing backfired, and a cons...

Lucas and Luna dig into the widening gap between traditional hotel stocks and Airbnb in mid-2026. With the S&P 500 near 7,500 and consumer spending shifting, Lucas argues that hotel REITs and legacy chains are facing a structural threat from Airbnb's expanding inventory and lower costs. They discuss how Airbnb's supply growth is pressuring occupancy rates at companies like Marriott and Hilton, and...

As the S&P 500 hovers near all-time highs and the Fed holds steady, one chipmaker is quietly riding a wave that's bigger than any single product cycle: memory. In this episode of Stock Picking with Fexingo, Lucas and Luna dig into Micron Technology — the only major US-based manufacturer of DRAM and NAND flash. We break down how the AI boom is transforming demand for high-bandwidth memory, why Micr...

Lucas and Luna dig into why consumer defensive stocks—think utilities, household goods, and healthcare—have quietly outperformed Big Tech over the past month. With the S&P 500 at 7,420 and the NASDAQ at 26,022, the rotation out of growth and into staples has accelerated after the Fed's latest rate decision. Lucas walks through specific names like Procter & Gamble and Johnson & Johnson, showing how...

Episode 58 of Stock Picking with Fexingo examines the growing dominance of index funds and what it means for active investors. Lucas and Luna discuss how passive flows are distorting stock prices, using the recent JPMorgan surge as a case study. They explore the concept of 'active share' and why concentrated portfolios may have a structural advantage in a market driven by ETF inflows. With the S&P...