My pick is ASML, but only at a

My pick is ASML, but only at a sensible valuation.

The market is confusing short-term weakness with deteriorating fundamentals. ASML reported €11.66 billion in Q3 revenue, a 57.5% gross margin, and expects full-year sales of €44–45 billion. Customers are already discussing orders for 2029 and 2030, suggesting AI demand will endure.

Morgan Stanley is also impressive, with equity-trading revenue surging 41% and wealth-management revenue reaching a record $9.07 billion. However, trading income is cyclical, and strong quarterly results may not last.

My conclusion: ASML offers the stronger long-term advantage. Its EUV technology is extraordinarily difficult to replicate, creating a powerful competitive moat. But a great company isn't automatically a great investment at any price.

I'd scale in gradually rather than chase a falling market. The opportunity comes when fear creates a discount—not simply when a stock turns red.

@Tiger_Earnings [得意]

Earning Season

Follow the latest earnings releases, market reactions, analyst expectations, and community discussions—all in one place.Which company's earnings impressed you the most? Which one was the biggest disappointment?

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Its EUV technology is extraordinarily difficult to replicate, creating a powerful competitive moat. But a great company isn't automatically a great investment at any price.\nI'd scale in gradually rather than chase a falling market. The opportunity comes when fear creates a discount—not simply when a stock turns red.\n<a href=\"https://ttm.financial/U/3527667620927015\"> @Tiger_Earnings </a> [得意]<t-t type=\"img\" src=\"https://community-static.tradeup.com/news/a33b32490982d527d973b3c19a5a1dfb\"></t-t></body></html>","htmlText":"<html><head></head><body>My pick is ASML, but only at a sensible valuation.\n\nThe market is confusing short-term weakness with deteriorating fundamentals. ASML reported €11.66 billion in Q3 revenue, a 57.5% gross margin, and expects full-year sales of €44–45 billion. Customers are already discussing orders for 2029 and 2030, suggesting AI demand will endure.\nMorgan Stanley is also impressive, with equity-trading revenue surging 41% and wealth-management revenue reaching a record $9.07 billion. However, trading income is cyclical, and strong quarterly results may not last.\nMy conclusion: ASML offers the stronger long-term advantage. Its EUV technology is extraordinarily difficult to replicate, creating a powerful competitive moat. But a great company isn't automatically a great investment at any price.\nI'd scale in gradually rather than chase a falling market. The opportunity comes when fear creates a discount—not simply when a stock turns red.\n<a href=\"https://ttm.financial/U/3527667620927015\"> @Tiger_Earnings </a> [得意]<t-t type=\"img\" src=\"https://community-static.tradeup.com/news/a33b32490982d527d973b3c19a5a1dfb\"></t-t></body></html>","text":"My pick is ASML, but only at a sensible valuation. The market is confusing short-term weakness with deteriorating fundamentals. ASML reported €11.66 billion in Q3 revenue, a 57.5% gross margin, and expects full-year sales of €44–45 billion. Customers are already discussing orders for 2029 and 2030, suggesting AI demand will endure. Morgan Stanley is also impressive, with equity-trading revenue surging 41% and wealth-management revenue reaching a record $9.07 billion. However, trading income is cyclical, and strong quarterly results may not last. My conclusion: ASML offers the stronger long-term advantage. Its EUV technology is extraordinarily difficult to replicate, creating a powerful competitive moat. But a great company isn't automatically a great investment at any price. I'd scale in gradually rather than chase a falling market. 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