Travis Hoium

I don't see them buying a bunch of cryptocurrencies.

So again, all moving in the right direction there for me.

But in my mind, I worry about Toast conceptually because of where they sit in the value chain, because we've seen other companies unsuccessfully

perform there.

And I worry also, of course, about take rates for fees.

Payment processing in general is seeing a lot of pressure in terms of take rates.

So it's possible that part of the reason why Toast is seeing share price pressure is because there's an expectation that their take rates, despite adding all the stuff onto their platform, is only going to fall.

I actually wish I had more picks.

Can I give some honorable mentions here?

Two that I'm not running with, but I do really like, Adobe and PayPal.

Both of these companies, I think, have been fairly or unfairly hit by markets.

PayPal

It's done incredible things with their branded checkout experience.

The reason it's not making my list right now is obviously they're dependent upon consumer spending in the near term.

That could be a headwind.

Adobe, I think a lot of the fears around AI are maybe overblown with this company.

They still have the go-to software solution for creative professionals.

I worry about seat pricing and pricing pressure in that regard, which is why it's not making my cut in this exact moment.

But the stock that is making the cut, I will say, is ServiceNow.

And the reason why ServiceNow is making my cut is because I cannot believe...