Today's cut · live Invite-only Ender online

Institutional equity research · for individuals

The whole market, read like the desk reads it.

Every US equity, scanned twice a day through investing lenses — Buffett, Lynch, Ender — cross-checked against what smart money is actually doing: insider buys, 13F accumulation, live options flow, short interest. Then written up by an AI analyst that cites every source.

CADENCE  9:45 AM · 3:30 PM ET UNIVERSE  ~6,000 US equities VERDICT  conviction over coverage
BUFFETTLYNCH✦ ENDER ACCUMULATIONFLOWDARK POOL
TickerLens scoreSmart moneyVerdictΔ 30dCatalyst
CRDO94INSIDER BUYDEEP DIVE+22.4%Hyperscaler capex
TPG8813F ACCUMDEEP DIVE+11.8%AUM inflection
RKLB81CALL FLOWWATCH+8.1%Neutron cadence
PTON37SHORT 24%FALLING KNIFE−14.6%Velocity warning
DJT12NOISE−3.2%No catalyst
The differentiator

Meet Ender — the analyst that shows its work.

Ender reads the same filings, flow, and fundamentals a buy-side desk reads — then writes the memo, answers your questions, and builds screens from a plain-English prompt. Every claim carries a citation.

Deep Dive memos

A full conviction thesis per name — bull case, bear case, and the catalyst that breaks the tie.

Ask anything

"Why did short interest jump on PTON?" — answered against primary sources, not vibes.

Custom Builder

"Profitable small-caps with insider buying under 15x earnings." Ranked results in seconds.

ENDER · DEEP DIVECONVICTION
The research hub

Ten ways to read the tape — grouped into four.

The hub runs ten screens. We organize them the way an analyst thinks: by lens, by preset screen, by what's live right now, and by what the AI surfaces.

Lenses

Buffett moat
Lynch growth
✦ Ender synthesis

Screens

Income yield
Accumulation 13F
Short Interest squeeze
Consensus overlap

Live

Flow options
Dark Pool prints
Movers catalysts

AI

✦ Builder prompt
✦ Deep Dive memo
✦ Ask Ender Q&A
Smart-money signals

What the filings say, before the headlines do.

Every name in the cut is cross-checked against the four signals that actually move ahead of price.

Insider buys · today
0
Form 4 cluster buys flagged
13F accumulators
0
Funds adding into strength
Unusual flow alerts
0
Live options sweeps · today
Squeeze candidates
0
High short interest · rising
The four verdicts

Every name gets one. No maybes.

We don't hand you a watchlist of 400. We hand you a verdict — and the reasoning behind it.

Deep Dive

Full memo. Conviction-backed thesis. The names worth your attention this cut.

Watch

Movement worth tracking. Background context that feeds the next deep dive.

Falling Knife

Moves where velocity itself is the warning. Don't catch it.

Noise

Movement without signal. Filtered out so it stops costing you attention.

Movers

What moved — and whether it means anything.

Every mover is graded by one question: is there a real catalyst, or is it just noise wearing a big number?

CRDO+12.6%
Real catalyst

Guided hyperscaler capex above consensus; insider cluster-buy two days prior. Ender: thesis intact.

SMCI−9.3%
Velocity warning

Down on volume with no filing, no flow confirmation. Graded Falling Knife — momentum, not signal.

GME+18.1%
No catalyst

Spike without filings, flow, or fundamentals. Graded Noise — surfaced, then filtered.

Methodology grades

Eight grades behind every verdict.

The score isn't a black box. Each name carries eight grade-cards you can audit — the same rubric, every time. See the rubric →

A
Moat
Durable edge
B+
Balance sheet
Net cash
A−
Execution
Beats & raises
C+
Valuation
Full, not cheap
A−
Insider
Cluster buying
B+
Institutional
13F adding
C
Short interest
Elevated
A
Catalyst
Dated & live
Receipts

Calls. And what followed.

The table grows as new calls clear their active window. Net alpha is measured against SPY over the same dates. We publish the misses too.

TickerCall dateVerdictEntry → peakDaysReturnSPY (same)Net alpha
CRDO04-02DEEP DIVE28.40 → 41.1034+44.7%+3.1%+41.6%
TPG03-19DEEP DIVE52.10 → 61.8041+18.6%+2.4%+16.2%
HIMS02-27WATCH→DD19.90 → 27.4052+37.7%+1.8%+35.9%
PTON03-08FALLING KNIFEflagged 9.80−21.3%+2.0%+23.3%
WBD04-15DEEP DIVE9.20 → 8.4029−8.7%+1.1%−9.8%
Field Notes · open research

Read the thinking. No login required.

The product is invite-only. The research isn't. Field Notes is where we work in the open — methodology, post-mortems, and what the tape is telling us this week.

All notes →
Invite-only

Conviction. Over. Coverage.

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