Research Report | October 2025 Axum Group of Companies - Investment Research Division Executive Summary As the United States faces its first government shutdown in seven years, investors are asking: is this a buying opportunity or a cause for caution? Our historical review suggests buying volatility during shutdowns has consistently offered long-term rewards. 86% of government shutdowns led to positive 12-month stock market returns, averaging 12.7%—well above typical annual p

Research Report | September 2025 Axum Group of Companies - Investment Research Division Executive Summary Ethereum stands as the world's premier blockchain platform for decentralized applications and smart contracts, establishing itself as the foundational infrastructure for the emerging digital economy. With over a decade of continuous development and innovation, Ethereum has evolved from an experimental blockchain into a mature, institutional-grade settlement layer that pow

Executive Summary Amazon (NASDAQ: AMZN) represents the most compelling value opportunity among the Magnificent 7 technology stocks, trading at a significant discount despite exceptional fundamental growth. Over the past five years, Amazon's stock has delivered the weakest performance in its peer group with just 38.5% returns, dramatically underperforming Nvidia's 1,264%, Tesla's 400%, and Microsoft's 200% gains. This underperformance appears fundamentally unjustified. From 20

Despite exceptional growth and transformational potential, Palantir trades at historically extreme valuations that echo the cautionary tale of Shopify's multi-year sideways performance following its 2021 peak. Executive Summary Palantir Technologies has delivered one of the most remarkable stock performances in recent market history, gaining 971% from January 2024 to September 2025. However, with a current price-to-earnings ratio of approximately 592 and trading at 120 times

Strategic Market Position Creates Resilience Despite recent stock declines and AI-related concerns, Salesforce maintains a compelling case for long-term success through its deeply entrenched market position and strategic AI integration. The company's stock has fallen approximately 24-27% year-to-date in 2025, largely due to investor anxiety about AI disruption rather than fundamental business deterioration. [1] [2] [3] Salesforce commands a dominant 23.2% CRM market share, si

Adobe Inc. (NASDAQ: ADBE) has always been a name synonymous with creativity and innovation. From its humble beginnings in 1982 to its current status as a cloud-based software giant, Adobe has transformed the way professionals and businesses create, manage, and deliver digital content. After a rough patch with its stock price dropping over 21% this year and more than 40% since late 2023, Adobe is showing signs of a strong comeback. Here’s why I believe Adobe is an exciting inv

SBET is emerging as one of the most compelling short- to mid-term trades for investors seeking leveraged exposure to Ethereum adoption, combining strategic positioning, cycle-sensitive timing, and world-class management expertise that sets it apart from traditional crypto investments and even most ETH-focused treasury companies. [1] [2] [3] The Ethereum Treasury Revolution: SBET Leading the Charge SharpLink Gaming (SBET) has boldly transformed itself from a gaming company int

An increasingly compelling part of the long-term Treasury investment thesis in 2025 is the meteoric rise of USD-denominated stablecoins within the crypto market, and its profound effect on demand for U.S. Treasuries. Stablecoins: The New Engine of Global Dollar Demand Stablecoins like USDT and USDC are digital tokens pegged 1:1 to the U.S. dollar, now critical infrastructure for global crypto transactions. To maintain this peg, issuers are required—by both market discipline a

Bullish's IPO is confirmed to begin trading on Wednesday, August 13, 2025 . That’s tomorrow, with the offering priced tonight, August 12, and the stock listed on the New York Stock Exchange under the ticker symbol BLSH . The deal is oversubscribed and has attracted immense institutional interest, with adjustments to both the share count and pricing, now set at 30million shares at $32–$33 each , valuing Bullish at approximately $4.82billion. Beyond the headlines and eye-cat