Long · Diversified Industrials
XPEL, Inc. (NASDAQ: XPEL)
Quantifying a $24M base-case revenue opportunity from XPEL's existing installer network: an under-modeled dealer attach-rate dynamic driving 75% upside over 12–24 months.
Long · Capital Goods & Machinery
Advance Auto Parts (NYSE: AAP)
A turnaround story anchored to AAP's Blend-Box distribution transition, merchandising reset, and new management — driving a 112% implied upside on a 5:1 risk/reward skew.
Long · Consumer Internet
Sea Limited (NYSE: SE)
A three-segment flywheel — Garena acquires, Shopee monetizes, Monee underwrites — with proprietary SPX logistics, 52% SEA market share, and EBITDA-positive across all segments for the first time.
Short · Healthcare
Hims & Hers Health (NYSE: HIMS)
A GLP-1 growth engine masking material subscriber deceleration, marketing-driven ARPU sustainability concerns, and sell-side targets that imply 25% ARPU expansion to hit FY26 estimates.