Group 1 - The Value Lab focuses on long-only value investment ideas, targeting a portfolio yield of approximately 4% and has performed well over the last five years by engaging in international markets [1][2] - Evercore (NYSE: EVR) is an advisory firm with significant exposure to large-ticket deals and sponsors, indicating a strong position in the advisory market [2] - The Valkyrie Trading Society consists of analysts sharing high-conviction investment ideas that are expected to yield non-correlated and outsized returns in the current economic environment [3]

Core Viewpoint - A stand-off between China and the Netherlands regarding chipmaker Nexperia could lead to significant disruptions in automotive production in the near future, as indicated by Germany's VDA industry association [1] Group 1 - The conflict over Nexperia is expected to have a direct impact on the automotive industry [1] - Germany's VDA industry association has raised concerns about the potential consequences of this stand-off [1]

Core Viewpoint - Standard Lithium Ltd. announced a $120 million underwritten public offering of common stock, leading to a 13.73% decline in share price during after-hours trading [1]. Offering Details and Underwriters - The public offering will be managed by Morgan Stanley and Evercore ISI as co-lead book-running managers, with BMO Capital Markets as the book-running manager for the underwriter syndicate [2]. - Underwriters will have a 30-day option to purchase an additional 15% of the offered shares at the same price [2]. Capital Allocation Strategy - The net proceeds from the offering will be allocated to capital expenditures for the South West Arkansas Project and Franklin Project in East Texas, as well as for working capital and general corporate purposes [3]. Project Development Context - The funding aligns with a Definitive Feasibility Study for the South West Arkansas Project, targeting 22,500 tonnes per year of battery-grade lithium carbonate production, with construction expected to start in 2026 [4]. Stock Performance - Year-to-date, Standard Lithium has gained 269.18% and 308.33% over the past six months, with a market capitalization of 1.48 billion CAD and an average daily trading volume of about 4.21 million shares [5]. - The stock has fluctuated between $1.08 and $6.40 over the past year, closing at $5.39, up 5.27% on Thursday [5].

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Evercore (EVR) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Evercore is expected to report quarterly earnings of $2.87 per share, reflecting a year-over-year increase of +40.7% [3]. - Revenues are projected to be $899.29 million, which is a 21.6% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.2% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Evercore is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +12.21%, suggesting a bullish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Evercore currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Evercore exceeded the expected earnings of $1.78 per share by delivering $2.42, resulting in a surprise of +35.96% [13]. - Over the past four quarters, Evercore has consistently beaten consensus EPS estimates [14]. Conclusion - Evercore is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [17].

Market Overview - U.S. stocks experienced significant gains in Q3 2025, with the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average rising by 11.2%, 7.8%, and 5.2% respectively [1] - The growth was fueled by expectations of further Federal Reserve rate cuts, strong Q2 earnings, and optimism surrounding artificial intelligence (AI) [2] Recommended Growth Stocks - Five growth stocks are recommended for Q4 2025: Micron Technology Inc. (MU), Workday Inc. (WDAY), Exact Sciences Corp. (EXAS), Evercore Inc. (EVR), and Coeur Mining Inc. (CDE) [2] - These stocks exhibit strong revenue and earnings growth potential, with positive earnings estimate revisions in the past 30 days [3] Micron Technology Inc. (MU) - Micron is a leader in the AI infrastructure boom, driven by high demand for its high-bandwidth memory (HBM) solutions and record sales in the data center market [6][9] - The company is capitalizing on the growing adoption of AI servers, which require more memory than traditional servers, boosting demand for DRAM [7] - Micron's expected revenue and earnings growth rates are 42.4% and over 100% respectively for the current year, with a 27% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [10] Workday Inc. (WDAY) - Workday's diversified product portfolio and cloud-based business model are key growth drivers, with strong customer traction in international markets [11] - Significant investment from Elliott Investment Management is expected to enhance innovation, particularly in AI and machine learning [12] - Workday's expected revenue and earnings growth rates are 12.6% and 21.1% respectively for the current year, with a 0.3% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [13] Exact Sciences Corp. (EXAS) - Exact Sciences benefits from strong adoption of its Cologuard product, with the recent introduction of Cologuard Plus gaining Medicare coverage [14] - The launch of Oncodetect has advanced MRD testing, with secured Medicare reimbursement opening access for cancer patients [15] - Exact Sciences has an expected revenue and earnings growth rate of 14.4% and over 100% respectively for the current year, with a 9.1% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [16] Evercore Inc. (EVR) - Evercore is expanding its advisory client base and diversifying revenue sources, which is expected to support top-line growth [17] - The company has a strong liquidity position, allowing for capital distribution through dividend hikes and share repurchase programs [17] - Evercore's expected revenue and earnings growth rates are 17.4% and 34.4% respectively for the current year, with a 2.1% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [18] Coeur Mining Inc. (CDE) - Coeur Mining operates as a primary silver and gold producer with mines in the Americas, including properties in Mexico, Bolivia, Nevada, and Alaska [19] - The company has an expected revenue and earnings growth rate of 88.3% and over 100% respectively for the current year, with a 3.8% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [20]

Core Insights - Women We Admire has announced The Top 50 Women Leaders of New York for 2025, highlighting the city's role as a cultural and commercial powerhouse with over 20 million residents [1] Group 1: Honorees - Shilpa Bangera, President and Global Head of Payments at Adyen, is recognized for her leadership in fintech, focusing on growth, innovation, and teamwork [2] - Emma Andrews, Vice President of Global Patient Advocacy at Pfizer, is honored for her efforts in embedding the patient perspective in company initiatives, aiming to improve patient outcomes [3] - Vynessa Alexander, Senior Vice President at Infor, is acknowledged for her extensive experience in technology and operations management, guiding young professionals in their career growth [4] Group 2: Additional Honorees - The list includes notable leaders from various industries such as Sherry Cassano (Pfizer), Jennifer Remling (Warner Bros. Discovery), and Marissa Tracey (Deutsche Bank), showcasing a diverse range of sectors represented [6] Group 3: Organization Overview - Women We Admire aims to recognize and inspire women leaders across various fields, circulating content to over 70,000 individuals and businesses [7]

Core Insights - TimesSquare Capital Management's "U.S. Mid Cap Growth Strategy" reported a gross return of 13.13% and a net return of 12.91% for Q2 2025, underperforming the Russell Midcap® Growth Index which returned 18.20% [1] - The fund's performance was influenced by double-digit returns in equities due to improved global economic activity [1] Company Overview: Evercore Inc. (NYSE:EVR) - Evercore Inc. is an independent investment banking and research provider based in New York [3] - The stock of Evercore Inc. experienced a one-month return of 7.23% and a 52-week gain of 35.71%, closing at $340.64 per share with a market capitalization of $13.216 billion on September 29, 2025 [2] - Adjusted net revenues for Evercore in Q2 2025 were reported at $839 million, marking a 21% increase from Q2 2024 [4] Investment Thesis - TimesSquare Capital began acquiring shares in Evercore due to a recovery in M&A activity, which is expected to positively impact the company's performance [3] - Evercore's advisory business is noted for being less dependent on performance fees, providing better visibility for future earnings [3] - Despite the potential of Evercore, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [4]

Core Insights - The investment banking industry is experiencing a rebound, with Evercore Inc. (EVR) and The Goldman Sachs Group Inc. (GS) gaining investor attention due to their services in mergers and acquisitions (M&A), capital markets, and wealth management [1] Group 1: Market Context - The year 2025 began positively, driven by expectations of a business-friendly Trump administration and potential deregulation, although proposed tariffs initially caused market volatility [2] - Deal-making activities have shown promise due to clarity on taxes, tariffs, deregulation, and corporates' pursuit of scale and competitiveness [2] Group 2: Goldman Sachs (GS) Overview - Goldman Sachs maintains a leadership position in global banking and markets, with investment banking revenues increasing by 24% year-over-year to $7.73 billion in 2024, continuing into the first half of 2025 [3][4] - The company is focusing on core businesses, retreating from underperforming consumer banking ventures, and exploring acquisitions to expand its asset and wealth management (AWM) footprint [5][6] - Goldman is expected to see revenue growth of 6.8% and 6.3% in 2025 and 2026, respectively, with earnings increasing by 15.1% and 14% in the same years [18] Group 3: Evercore (EVR) Overview - Evercore generates 94% of its revenues from Investment Banking and Equities, with a compound annual growth rate (CAGR) of 8.6% from 2017 to 2024, continuing into 2025 [7] - The company is actively increasing its staff to strengthen its investment banking footprint, with a focus on boosting its client base and diversifying revenue sources [8] - Evercore's revenue growth estimates for 2025 and 2026 are 17.4% and 25.4%, respectively, with earnings expected to rise by 34.5% and 76.9% [20] Group 4: Comparative Performance - Over the past six months, Evercore's shares surged by 72%, outperforming Goldman Sachs' 46.7% increase and the industry's 31.8% growth [10][11] - In terms of valuation, Goldman is trading at a forward price-to-earnings (P/E) ratio of 15.6X, while Evercore's is at 17.2X, indicating that Goldman is relatively less expensive [13][15] - Both companies pay dividends, with Goldman offering a yield of 1.99% compared to Evercore's 0.98%, giving Goldman an edge in dividend payout [15] Group 5: Investment Outlook - Evercore is positioned as a compelling upside play due to its pure-play advisory focus, aggressive hiring, and impressive growth trajectory, especially if M&A activity strengthens [23] - Despite a premium valuation and lower dividend yield, Evercore's superior growth potential justifies its valuation compared to Goldman [24] - Evercore holds a Zacks Rank 1 (Strong Buy), while Goldman has a 3 (Hold), indicating a stronger investment case for Evercore in the current market environment [25]

Core Viewpoint - The Zacks Investment Bank industry is poised to benefit from a shift towards easier monetary policy, which is expected to enhance client activity and deal flow, while investments in AI and technology will improve long-term efficiency despite short-term cost pressures [1][2]. Industry Overview - The Zacks Investment Bank industry comprises firms that provide financial products and services, including advisory-based financial transactions to corporations, governments, and financial institutions globally. The industry has evolved from focusing on IPOs and M&As to offering a broader range of services, including securities research and investment management [3]. Key Themes Driving the Industry - **Recovery in Underwriting and Advisory Businesses**: After a downturn in underwriting and deal-making since 2022, there has been a rebound in these areas, driven by expectations of a favorable investment banking environment [4][5]. - **Solid Trading Business**: Increased market volatility has led to heightened client activity in trading, suggesting that investment banks will continue to see strong trading income [6]. - **Technological Advancements**: Investments in technology and AI are expected to enhance operational efficiency, despite rising technology-related expenses in the short term [7]. Industry Performance and Valuation - The Zacks Investment Bank industry has outperformed both its sector and the S&P 500 over the past year, with a collective stock increase of 51.3% compared to 18.4% for the S&P 500 [12]. - The industry currently has a trailing 12-month price-to-tangible book ratio (P/TBV) of 3.06X, which is above the five-year median of 2.15X, indicating a relative valuation that is lower than the broader market [15][17]. Company Highlights - **Morgan Stanley (MS)**: With a market cap of $255.3 billion, MS is expected to benefit from a favorable macroeconomic backdrop and has seen its shares rise by 29.3% in the past six months. The Zacks Consensus Estimate for 2025 earnings indicates an 11.6% year-over-year growth [21][20]. - **Evercore Inc. (EVR)**: This firm has a market cap of $13.7 billion and has experienced a 63.4% increase in shares over the past six months. The Zacks Consensus Estimate for current-year earnings suggests a 34.5% year-over-year increase [24][22]. - **Moelis & Company (MC)**: With a market cap of $6.1 billion, MC has seen a 20.4% rise in shares over the past six months. The Zacks Consensus Estimate for 2025 earnings indicates a 37.9% year-over-year jump [28][26].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Evercore (EVR) - Evercore currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3]. - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4]. Performance Metrics - Over the past week, Evercore's shares increased by 7.24%, outperforming the Zacks Financial - Investment Bank industry, which rose by 3.17% [6]. - In a longer timeframe, Evercore's shares have risen by 13.27% over the past month, compared to the industry's 2.37% [6]. - Over the last quarter, Evercore's shares increased by 34.33%, and over the past year, they are up 42.51%, while the S&P 500 only moved 11.05% and 18.96%, respectively [7]. Trading Volume - Evercore's average 20-day trading volume is 377,659 shares, which serves as a baseline for price-to-volume analysis [8]. Earnings Outlook - In the past two months, two earnings estimates for Evercore have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $11.71 to $12.67 [10]. - For the next fiscal year, two estimates have also moved upwards, indicating positive sentiment [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, Evercore is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [12].