Presented by Decentralized Masters: Tan Gera, CFA Charterholder and ex-Wall Street investment banker, took $57k and turned it into $1.87M using BlackRock's system. Learn the exact three-phase framework he reverse-engineered →

The market is not grading quarters this morning, it is grading outlooks. Three of the day's biggest decliners beat on the quarter and still got taken apart for what they said about the next one, and the damage is running mid-to-high double digits across ad tech, storage, and design software. A fourth name proved the same point from the other direction, where a beat could not outrun a shrinking subscriber base.

What is working looks almost quaint by comparison: a raised full-year forecast, a cost-cutting plan, a regulatory approval, and a revenue line that came in ahead. Tell investors the next twelve months look better than they feared, and you are up. Tell them anything else, and you are down 19%.

Dear Reader,

I took $57,000 and turned it into $1.87 million in 18 months.

Not by trading. Not by luck.

By copying the three-phase system BlackRock uses to manage $14 trillion.

I'm Tan Gera, CFA Charterholder and ex-Wall Street investment banker.

I spent two years reverse-engineering BlackRock's exact playbook.

The same framework that generates them $16.1 billion in fees annually.

This system wasn't built for retail investors. It required millions in capital. It required institutional access.

So I rebuilt it for digital assets:

Protection when markets crash.

Income whether they go up or down.

Access to opportunities before they go public.

Over 4,500 investors are using this system now.

It works in any market conditions.

Bill turned $100k into $932k in 18 months. Mark paid off his entire membership in 90 days. Jeff made six figures on a single opportunity.

I call it the ABN System…

BlackRock's three-phase framework adapted for everyday investors with $50k+.

If you already hold digital assets, this system could multiply what you're sitting on right now.

Watch how to copy BlackRock's $14 trillion playbook →

To your wealth,

Tan Gera, CFA Decentralized Masters

P.S. I took $57k and turned it into $1.87M using BlackRock's system. Learn the exact three-phase framework I reverse-engineered →

Versant Media (VSNT): +11%

The media company beat on both the top and bottom lines and raised its full-year outlook, a combination that resets expectations rather than just meeting them. Guidance is what the market prices in a business like this, so management pointing higher carries more weight than the quarter itself.

Diageo (DEO): +6%

The world's biggest spirits company put a $1 billion cost-cutting plan on the table, and the market read it as the turnaround signal it has been waiting for. Net sales for the year ending in June still declined, but adjusted operating profit rose, which suggests management can defend margins while the top line stabilizes. For a business that has spent a long stretch losing the premium-spirits narrative, a credible self-help plan is worth more right now than a growth story.

Moderna (MRNA): +4%

The FDA approved the company's mRNA flu vaccine, mFlusiva, for adults 50 and older. Regulatory clearance turns a pipeline asset into a revenue line, and for a company whose valuation rests on what its platform can do next, that distinction matters more than the size of the market on day one.

DoorDash (DASH): +4%

Quarterly revenue came in ahead of what the street was modeling while earnings landed in line, a split that says growth is still outrunning the cost base. For a delivery platform this far into its scale story, the top line is what investors are grading, and it delivered.

AppLovin (APP): -19%

Third quarter projections came in below what Wall Street wanted, and the market did not wait around to debate it. Second quarter revenue also landed narrowly short, which turns a guidance miss into a pattern rather than a one-off. For a stock priced as a compounding machine, even a small crack in the growth story gets repriced violently.

Western Digital (WDC): -16%

Traders judged the company's current-quarter outlook underwhelming, and in a storage market running hot on AI demand, that reads as a statement about the cycle rather than the company. The stock has been carried by the assumption that data center appetite is insatiable, so anything that questions the slope of that curve does outsized damage.

Figma (FIG): -16%

Second quarter results beat estimates, but full-year guidance for adjusted operating income came in soft, and that is the line the market chose to trade. When a company is valued on the path to profitability rather than current profits, the operating income outlook is the entire argument.

Peloton (PTON): -8%

Earnings landed in line and revenue topped expectations, but the subscriber line did the talking: the active paying base shrank 8.8% from a year ago. For a business built on recurring revenue, a contracting subscriber count is the number that defines the story, and no quarterly beat outweighs it.

Open your portfolio.

How much of it is in the same 5 stocks everyone owns?

In Q2 2026, that concentration risk is growing.

Meanwhile, most investors are still hiding in the same mega-caps.

That’s not an edge.

We screened the sub-$20 universe using three strict filters:

Only three stocks made the cut.

All under $20.

All fundamentally screened.

Not hype.

Not penny-stock gambling.

If market rotation accelerates, these are the types of names that historically benefit first.

👉 Access the free report here

DraftKings (DKNG)

Michael Burry disclosed Wednesday evening that he sold out of DraftKings entirely while more than doubling his stake in FanDuel parent Flutter Entertainment, which had just posted its worst session since February. Retail traders have been dissecting the reversal ever since, because Burry's original position in both names was built on a single thesis: that regulators would eventually rein in prediction-market platforms and push that volume back toward licensed sportsbooks.

DraftKings reports second quarter results after the close today, and the stock is down roughly 38% on the year. Traders seem to be treating tonight's print as the thing that either validates Burry's exit or makes it look early.

✌️That’s it for today.