Sean D. Emory
Founding Partner & CIO of Avory & Co., Avory Foundational ETF (AVRY)
OneSpan's subscription and recurring-revenue growth add operating evidence for its place among the identity-security picks. Revenue beat expectations at $63.9M, and full-year revenue, ARR and adjusted EBITDA guidance rose. Mitek and Clear Secure also look attractive. Financial institutions in Korea and India reported breaches; CrowdStrike says the Korean attacker used an AI penetration-testing tool. Binance had not confirmed the suspected hot-wallet hack. x.com x.comÂ
Long airport wait times seem to have driven a lot of Clear Secure signups in 2026. Its revenue and EPS have improved a lot over the last four years, and it is a high-gross-margin business. The setup has the feel of Sphere Entertainment's breakout from a multi-year base at $60. x.comÂ
Clear Secure will be a great short once the federal budget passes and the current TSA disruption is cleared up. @realEstateTrent is promoting TSA PreCheck plus CLEAR as the way around the TSA chaos; budget approval is the signal to sell. x.comÂ
Clear Secure could be printing money while TSA is unfunded, as security lines this week were packed with angry travelers, and Clear likely also earns fees from PreCheck enrollment. Its terrible engagement on X is probably as good a buy signal as investors will get. x.comÂ