Stock Club

With all the talk of IPOs and upstarts, it’s a great time to remember that legacy players can still pack a punch. This week, we look at two companies that have been on public markets for decades and have been all over the headlines lately: Intel(NASDAQ: INTC) and Berkshire Hathaway (NYSE: BRK.B).
Intel has been on the Stock Club radar for about nine months, when it was first pitched by Clem Chambers. Since then, it’s up more than 270%, driven by many of the factors he predicted like outsized chip demand, a push to deconsolidate manufacturing capacity, and increased government investment. It’s a pretty monumental occasion, considering this is the first time Intel has reached an all-time high since the dot-com bubble.
In its most recent quarter, Intel reported revenue of $13.6 billion, well above estimates of $12.4 billion, while also delivering a significant expansion in gross margins and raising its revenue forecast. Definitely a stock worth a look if you can get past the valuation.
Berkshire is in the news for a completely different reason: its new CEO, Greg Abel. While Abel assumed the role in January, this will be his first annual meeting – arguably Berkshire’s most beloved tradition.
Compared to Warren Buffett, Abel is expected to take a more hands-on approach, often touring facilities across the company’s many subsidiaries and favoring direct involvement in operations.
So far in his tenure, he’s accomplished four notable things:
First, on his first day as CEO, he closed Berkshire’s $9.7 billion acquisition of OxyChem, Occidental’s chemical subsidiary.
Second, on March 4th, Berkshire resumed share buybacks for the first time since May 2024, repurchasing about $226 million of stock. Clearly, Abel sees Berkshire itself as a buy and wouldn’t deploy that kind of capital otherwise.
Third, he personally invested his entire $15.3 million after-tax salary into Berkshire Class B shares.
Finally, he invested $1.8 billion into Tokio Marine, taking Berkshire’s total Japanese equity exposure above $46 billion.
We’ll certainly be tuning in to the annual meeting on May 2nd.
We wrap by telling you which one we’d invest $10K in.

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00:00 Intro01:53 Two Legacy Picks03:29 Intel Turnaround Setup05:05 CHIPS Act Boost08:14 Q1 Earnings Surge15:00 Buy Sell Or Regret17:45 Berkshire AGM Story20:05 Succession To Greg Abel and32:48 Operator Versus Investor40:34 Warren Buffet’s Japan Trade Playbook42:03 10k Pick

In light of Allbirds’ (NASDAQ: BIRD) head-scratching transition to an AI compute infrastructure company, Mike and Emmet break down some of the market’s best and worst business pivots.
In simple terms, a pivot is when a business decides to stop doing what it’s known for and pursue something else. This can be proactive, like Slack giving up its gaming business to develop its internal communication tool, or reactive, like Netflix opting to move into streaming in response to digital competition.
Emmet kicks things off with Nokia (NYSE: NOK). It started as a paper mill in Finland back in 1865. In the early ’90s, it exited its legacy businesses to focus entirely on mobile phones and network equipment, eventually ending up in a cell phone duopoly with Ericsson. However, Nokia is also a key example of how quickly market leadership can be lost when a company fails to anticipate major shifts – in this case, the move to smartphones. Luckily, it pivoted again, going all in on infrastructure and investing heavily in 5G, and it currently has a market cap of more than $50 billion.
Saab started out building fighter jets for the Swedish military in the 1930s before expanding into cars after the war. In 1989, GM came in, bought half of the car company, and split it away from the aerospace division. By 2008, it was struggling and eventually went under. However, Saab AB (SAAB-B.ST) is thriving, with record backlog and profitability.
Another post-war success story, Hyundai started as a civil engineering company helping Korea rebuild, eventually pivoting to car manufacturing in the 1960s. During the Asian financial crisis, Hyundai made a deliberate decision to move upmarket, investing heavily in design, engineering, and quality. Over time, it transformed from producing low-quality vehicles into a reliable, stylish, and increasingly desirable automaker.
Finally, one of the market’s most infamous pivot stories: MicroStrategy (NASDAQ: MSTR). It was initially focused on information systems in the ’90s, rising and collapsing during the dot-com bubble. While its stock never fully recovered, its core business continued generating cash over the next 20 years. In 2020, CEO Michael Saylor decided to go all in on Bitcoin, and the stock is up 15x since. Today, the company holds $61.5 billion in Bitcoin on its balance sheet – about 4% of the current supply – at an average price of $75,527. Unfortunately, if Bitcoin falls below this price, it could trigger a massive sell-off of both MSTR and Bitcoin – not ideal.
We wrap with Follow Prophet.
Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month.
Click here to join now or email [email protected] for a deal.
Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/
Become a successful investor by checking out all the content MyWallSt has to offer:
📩 Email us: [email protected]
📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7
💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/
🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/
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(adjust these after intro)
00:00 Intro02:40 Allbirds Goes AI07:34 What Is a Pivot12:05 Nokia Reinvents Itself18:52 Saab Cars to Defense28:09 Hyundai From Construction to Cars34:03 MicroStrategy Bitcoin Bet43:22 Follow Prophet Picks

This week, we’re discussing one of the most significant IPOs of all time: SpaceX.
While space travel began as a government-led effort, over the past few decades it has increasingly become the domain of the private sector. For those who need a refresher on the business of space—and SpaceX specifically—Emmet has you covered with a detailed preamble.
SpaceX consists of three core businesses: rocket launches and space haulage, Starlink internet, and government and defense communications infrastructure known as Starshield. The long-term goal across all three is to drive down the cost of space launches and become the go-to provider for space infrastructure companies. However, SpaceX has also recently acquired xAI, bringing Twitter, Grok, and their associated costs into the picture.
For Mike, this is key to understanding why the company may pursue an IPO.
You might think that after years of sparring with investors, Musk would want to avoid public markets—especially given how well the business is performing privately. But with xAI now in the mix, SpaceX needs significant capital to build out data centers and attract top engineering talent. This creates tension for investors who are primarily interested in the company’s core space business.
As of this recording, SpaceX is targeting a $1.75 trillion valuation, implying it would go public at 56x revenue and 109x EBITDA. That’s extremely lofty—even with the Musk premium. Interestingly, the NASDAQ has also made aggressive rule changes to fast-track SpaceX’s inclusion in the NASDAQ-100, which would prompt a number of passive funds (such as QQQ) to purchase shares upon debut. This could further inflate the stock’s valuation, and Mike worries it may leave retail investors holding the bag while providing a liquidity event for private investors. Emmet agrees, comparing SpaceX’s unconventional path to market to the SPAC boom of 2020.
Overall, both believe that while SpaceX is a once-in-a-generation company, it may not be a once-in-a-generation investment.
Porter & Co came to Ireland to film a documentary about Prophet, if you’d like to get an exclusive first look, drop an email to [email protected]
Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet”.
This week, he’s adding a new stock that has passed 3 AI screeners and got a shout out from Porter Stansbury. Lucky for Stock Club listeners, they can claim as exclusive offer by emailing: [email protected].
Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/
Become a successful investor by checking out all the content MyWallSt has to offer:
📩 Email us: [email protected]
📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7
💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/
🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/
🎉 Follow MyWallSt on social:
❌ X: @MyWallStHQ
💃 TikTok: @MyWallSt
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🖥️ Facebook: @MyWallSt
👔 LinkedIn: MyWallSt
(adjust these after intro)
00:00 Intro04:08 SpaceX IPO Hype Begins07:50 Space Race to Moon Landing22:51 IPO Filing Details and Why Now27:41 NASDAQ Rule Changes34:22 SpaceX Three Businesses45:08 Launch Costs Collapse47:56 Would You Buy on IPO?

The day we’ve been hoping for is finally here. The Irish government has announced a new investing scheme to provide people in Ireland with an easy, tax-efficient way to access the markets. There are hundreds of billions of euros sitting in Irish current accounts, and it’s time they get to work.
Back by popular demand, Dave Quinn from Investwise joins us to break down why these accounts are being introduced, how they’ll work, and what they might look like.
Simon Harris has stated that Ireland will follow the Swedish model, allowing users to invest up to $28K tax-free, with anything above that taxed at 1% annually.
Dave believes Revolut and other “new banks” are unlikely to initially enter this market, as they may not want to handle the tax reporting and administrative burden. Instead, it will likely be life insurance companies, such as Zurich, offering insurance-wrapped ETFs (not be ideal). He also believes that pensions remain the best option for most long-term investors. However, the introduction of these accounts could eventually lead to the removal of deemed disposal.
Mike and Dave agree on the most important thing the government needs to get right: investor education. Ireland hasn’t had generations of investors to help young people understand the power of compounding and the importance of protecting their money from inflation so we have to get this right via accessible education.
Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet”.
This week, he’s adding a new stock that has passed 3 AI screeners and got a shout out from Porter Stansbury. Lucky for Stock Club listeners, they can claim as exclusive offer by emailing: [email protected].
Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/
Become a successful investor by checking out all the content MyWallSt has to offer:
📩 Email us: [email protected]
📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7
💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/
🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/
🎉 Follow MyWallSt on social:
❌ X: @MyWallStHQ
💃 TikTok: @MyWallSt
📸 Instagram: @MyWallSt
🖥️ Facebook: @MyWallSt
👔 LinkedIn: MyWallSt

00:00 Intro
07:22 EU Push to Mobilize Cash
13:53 How the Account Works
15:15 Swedish Model Explained
19:19 Who Will Offer It
21:08 Funds Only Limited Choice?
25:48 Pensions Versus Liquidity
28:45 Financial Literacy Rollout
35:28 Tax Treatment Uniformity

We normally talk about the characteristics we love to find in stocks. But this week, we bring you all the things we hate. We’ve all gotten caught in a hype cycle or seen an investment thesis degrade, so having a list of red flags to look for is a great way to check in with your portfolio.
They include:
Over-promising. It can be hard to spot fraud in the early days, but if a company is hyperbolic in its language, give it some time. Pre-revenue companies are especially prone to talking big, and they’re a hard pass for Mike.
Management woes. Referencing Good to Great by Jim Collins, Emmet reminds us a great CEO is someone with fierce resolve and a degree of humility. The inverse can be very damaging and often looks like prioritizing short-term gains and selling significant stock during all-time highs. A revolving door of CEOs is also a huge red flag.
Creative accounting. If you see a big difference between net profit and cash flows, or an overuse of adjusted EBITDA, you might want to think twice. These can indicate profits are tied up in unpaid bills or outsized stock-based compensation, which dilutes investors over time.
Deteriorating fundamentals. Slowing revenue growth, compressed margins, bland return on equity (ROE), or rising customer acquisition costs can all signal a business entering decline. However, if you think you’ve spotted a potential turnaround play, these may also be present.
Unforeseen circumstances. Significant, world-changing disruption is also hard to predict, which is why diversification is key. SaaS businesses being upended by AI is a good example.
Valuation. You can buy great businesses, but at extreme prices they can be bad investments. Don’t completely avoid stocks at 25x earnings, as a company can keep delivering, but stay within the realms of reality.
Customer concentration. Reliance on a single client can be a huge risk. It’s particularly prevalent among small businesses that serve enterprises. Progyny (PGNY) vs Amazon (AMZN) is a good case study.
High dividend yield. Yields of 8–10% are often too high. If the payout ratio is above 100%, the company may be borrowing money to pay investors. That won’t last long.
Binary outcomes. For example, pharmaceutical companies waiting for regulatory approval. If they fail, the business can collapse.
After all that, Emmet brings us Follow Prophet, talking about its recent addition, SPX Technologies (SPXC).
Finally, we celebrate Ireland’s new investing accounts. Simon Harris has announced that we will follow the Swedish model, with a launch expected in 2027. We’ll break down the full announcement next week.
Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet”.
This week, he’s adding a new stock that has passed 3 AI screeners and got a shout out from Porter Stansbury. Lucky for Stock Club listeners, they can claim as exclusive offer by emailing: [email protected].
Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: https://www.investicon.ie/
Become a successful investor by checking out all the content MyWallSt has to offer:
📩 Email us: [email protected]
📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7
💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/
🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/
🎉 Follow MyWallSt on social:
❌ X: @MyWallStHQ
💃 TikTok: @MyWallSt
📸 Instagram: @MyWallSt
🖥️ Facebook: @MyWallSt
👔 LinkedIn: MyWallSt
(adjust these after intro)
00:00 Intro04:31 Shorting Stocks Talk10:35 Founder CEOs vs Insider Selling17:35 Creative Accounting22:35 Deteriorating Fundamentals30:59 Valuation Reality Check32:27 Customer Concentration34:20 High Dividend Yield37:25 Following Prophet43:24 Ireland’s New Investment Scheme