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With increasing investments in defense in many regions of the world, Embraer's KC390 airplane is ready to dominate the military mid-size transport airplane market worldwide, given its proven low-operational costs and high technological capabilities. Adding to that, Embraer has a large corp of highly capable young aeronatical-military engineers from the Instituto Militar de Aeronáutica (ITA), while adding to its current industrial expertise the partnership with Swedish SAAB, which includes the on-going tranference of technology on the manufacturing the Grippen fighters in Embraer's plants in Brazil.

Key Takeaways Exxon is on the wrong side of secular market trends that favor sustainable energy investing. Revenues are reliant on fossil fuels and are vulnerable to industry headwinds and a potential recession.

Key Takeaways The end of ACP will lead to a short-term revenue decline. Predictive AI is providing more valuable customer service experiences.

Key Takeaways KO can remain a reliable performer in a mature but growing category. Its diversified portfolio of beverages means it can handle shifting beverage preferences Its reduction of debt will help it endure any market volatility, like it has in the past Dividend payout ratio is rising and management will eventually have to address it.

Key Takeaways I expect JNJ to remain an established and mature market performer in a relatively stable sector. Some short-term company-related headwinds are cancelled out by long-term industry-related tailwinds Two main risks come from the talc-related litigation issue and patent expiration Most promising revenue growth opportunities are from cancer therapy drugs, with a TAM of $21.6b.

Key Takeaways A strong presence in stable regions puts Barrick Gold in a good position to benefit from the next commodity super-cycle. Barrick's investment in human capital should ensure qualified personnel are available for developing markets.

Key Takeaways BAC offers diverse services globally including banking, investments, risk management, and more to public and private clients. As a Big 4 US bank, it remains strong despite sector turmoil, poised for consolidation, and maintains a solid brand.

Key Takeaways TSMC is the current leader in chip manufacturing, boasting the most advanced technology and a strong customer base High-Performance Compute (HPC), AI, and EVs will drive growth, while the smartphone market slowly becomes saturated Their specialization strategy optimizes chips for specific use cases, allowing them to maintain their edge Peers are catching up, and a capital intensive industry will lower the bottom-line for investors TSMC has a high intrinsic value, but their exposure to China expands the risk to reward range Catalysts TSMC Will Remain Market Leader Key semiconductor competitors differ in their innovation and business approach. Roughly speaking, the quality of a semiconductor tends to be judged by its size, the smaller it is, the more transistors you can fit on a chip.

Key Takeaways Expanding the customer base with large brands via the Shopify Plus subscriptions is a profitable way to grow the business. In my view, Shopify has a $32B software, and $15.4B payments market opportunity.