Rachel Warren

If we see, for example, the AI in space narrative hit a snag,

subscriber growth for Starlink slow down.

If the company reaches that premium valuation while public, we could see that compress quickly.

That could have a real impact on those who bought the initial pop.

So, it's important to understand that as we go into an expected IPO.

But I think there's going to be a lot of exciting news for investors to watch here.

Yeah, there's a few.

I mean, I have to talk about a company from the retail space, which I cover a lot, and that's Lululemon.

I mean, they're trading at about 11 times trailing earnings now.

And the stock's been under pressure for a while.

There's been, you know, obviously concerns about its maturation and of its growth in North America.

There's been a few execution misses on product launches.

But the underlying engine, I would argue, is still a very high-quality business.

I mean, you're looking at a brand with industry-leading margins, massive untapped runway in international markets like China, which they are

rapidly expanding.

And so that's a company I look at, I think of a dominant consumer brand, high customer loyalty, it's trading and evaluation that's often reserved for sort of those average slow growth retailers.

One more I'll mention, or maybe a couple more is Microsoft and Alphabet, right?

In the tech space.

I mean, Microsoft is sort of in this rare position, right?

I personally view it as actually cheap relative to its earnings potential in the AI era.