I’m Laura Baker, Associate PM on the Pender Equity Team. Value-based. Ideas-driven. Long-term focused. Disclaimer: https://xitter.cf/t.co/Nf4Zbwc2Ts
Vancouver
Joined May 2016
- Tweets42
- Following1.2K
- Followers77
- Likes68
Laura Baker retweeted
One of the most overlooked charts in markets right now 👀
Goldman expects Russell 2000 EPS growth near 40% in both 2026 and 2027.
That’s well above:
• S&P 500 around 20%
• Nasdaq roughly 25–30%
If those estimates actually hold, small caps could quietly become one of the biggest earnings growth stories of the next cycle.
Interesting part?
Almost nobody is positioned for that narrative yet.
Laura Baker retweeted
NARRATIVE VIOLATION: despite all the hand wringing, yes, OpenAI still has the largest adoption and wallet share in enterprise.
What’s also true: since our last survey in May 2025, Anthropic posted the largest share increase of any frontier lab, up 25% in enterprise penetration.
@shangdaxu @justin_kahl and I have some fresh data on the state of play in enterprise AI among the Global 2000, and honestly: It’s complicated.
a16z.news/p/leaders-gainers-…
Laura Baker retweeted
Kind of incredible. Reading through the Blue Owl earnings call, how different what they're saying is vs. how the market is behaving.
Laura Baker retweeted
My favorite morning email is now available for public consumption! This is something we’ve been working on for the past few months, where we’ll share themes, ideas, and how our equity team is thinking about markets.
Subscribe here: thependerpulse.substack.com/