Intuitive Surgical's share repurchases add capital return to its case as one of the highest-quality compounders in medical robotics. It bought back $4.45B of shares in the first nine months of 2026, including $2.94B in Q3, while kicking off an early Stage 2 uptrend after reclaiming its 200-day SMA. x.com 

Netflix's growing free cash flow leaves room to keep returning capital to shareholders. It repurchased about $4.8 billion of shares in Q3 and nearly $13 billion over the past 12 months, supporting long-term bullishness. x.com 

Freshworks is a good stock, but liquidity has flowed to AI, so SaaS names like it may stay depressed. x.com 

TeamSpirit's recurring-revenue growth and improving operating margin make its earnings look great. NNARR grew over 30% and ARR is growing in the teens. Management is refocusing on the stock and starting its first buyback beyond purchasing shares sold by the founder; partnerships with Nomura, Workday, SAP and Oracle are starting to inflect. x.com 

Okta, Salesforce and Atlassian look insanely expensive at nine times forward revenue against roughly 10% year-over-year growth. Many SaaS firms also have high sales and marketing costs. A commenter flags inference spending, which SaaS investors worry could compress margins; if free cash flow, growth, retention or gross margins weaken, their price-to-sales multiples could collapse. x.com  x.com  x.com  x.com 

HubSpot could have bottomed because its business held up through the stock's collapse while buybacks cut its share count. Q2 revenue grew 19.8% and free cash flow 44% year over year; net shares fell 4.4% last quarter. Shares trade at 17.5x free cash flow versus a two-year mean of 45x. All four models now agree. The 12-month bear, base and bull paths are $274, $317 and $360, respectively; November 4 Q3 results are the next test. x.com 

Toast's revenue growth and profitability should eventually lift its shares, but stock compensation has diluted shareholders despite those gains. Revenue has grown 250% since the IPO; shares outstanding rose from 502.5 million to 578 million, or 15%, with an estimated $2.4-3 billion in stock compensation. Management needs to deliver a 30% net profit margin ASAP to prove it can turn revenue growth into earnings for shareholders. Buybacks are now reducing the share count, which should help a lot. … Show more

Some software stocks had gotten stupid cheap, including monday.com, Wix, Cellebrite, Adobe, Salesforce and Workday, which makes the sector's rebound welcome. x.com  x.com 

Salesforce's $25 billion accelerated share repurchase, starting Monday, March 16, and syndicated out over months, should provide at least a short-term floor for the stock. x.com 

Software and consumer discretionary stocks such as Booking, Shopify, Zoom and Amazon are where the AI payoff could show up strongest first. AI chip stocks are just the pickaxes, and their demand exists only because companies expect massive efficiency gains, margin expansion and revenue growth from that compute, gains that have yet to show up in the stocks using it. x.com  x.com  x.com