Every Sunday · Since 2020

Cut through the Wall Street noise.
Identyfying fundamental change before it becomes consensus.

We monitor thousands of companies and research the few that are actually changing. What survives becomes the LongVol Research List — each name with its catalysts, company notes and risk level, which are all available on The LongVol Terminal.

Start with a free 14-day trial of everything. Unsubscribe in one click.

  • 0readers weekly
  • 0market-wide monitors
  • 0years on the desk
  • As quoted inBUSINESS INSIDER

Inside the desk

The LongVol Report is a working research desk — the screens, the notes, the flows and the alerts — and any investor is welcome to pull up a chair and see what the desk sees.

The LongVol Research List: a table of qualified companies with situation, LongVol Score, status, thesis trend, what matters now and next catalyst for each name.

The LongVol Research List

Qualified ideas. Continuously monitored.

Companies earn Research List status only after passing the LongVol research process. Each idea is continuously tracked for thesis progression, catalysts, valuation, fundamental changes, risk and LongVol Score.

  • Earned, not added

    Ideas must qualify. The bar is intentionally high.

  • Continuous monitoring

    We track what matters and update when it changes.

  • Thesis trend

    Direction matters. We show whether the thesis is improving, weakening or stable.

  • Focus on what matters

    Catalysts, key risks and the next meaningful events that could change the thesis.

  • Material updates

    You are notified when something important changes.

This is not a static watchlist. It is a living list of our highest-conviction research ideas — maintained every single week.

Stock Research Monitors: Turnaround, Fundamental Momentum, Event-Driven and Buyback monitors, each with companies scanned, new this week and top candidates.

Stock Research Monitors

Four monitors running across the whole market, all week.

Before anything reaches the Research List it has to be found. Our four monitors scan continuously for the kinds of change that move earnings power or valuation:

  • Turnaround Monitor — businesses approaching fundamental inflection.
  • Fundamental Momentum Monitor — improving fundamentals confirmed by price and earnings momentum.
  • Event-Driven Monitor — restructurings, management changes, strategic reviews, asset sales, spin-offs, activist activity and other thesis-changing events.
  • Buyback Monitor — material buyback announcements and execution.

What the monitors surface is a candidate, not a recommendation. Appearing here does not make a stock an official Research List idea — but it is where they start.

The Research Dashboard: active research, what changed, average LongVol Score, upcoming catalysts and research updates, with a table of situations, scores, status, thesis trend and what matters now for each ticker.

Research Dashboard

Start with what matters now.

The Research Dashboard gives you the quickest view of the LongVol research universe. See what changed this week, which companies deserve attention, current LongVol Scores, thesis progression, and upcoming catalysts — before you go deeper.

  • What changed

    See what moved this week and why it matters.

  • Research status

    Track each idea's status and thesis progression.

  • LongVol scores

    Real-time conviction scores across the universe.

  • Upcoming catalysts

    Spot near-term catalysts before the market does.

The week's most important research, distilled into one view.

Market Commentary and Dan's Cliff Notes: this week's key calls, with tickers colour-coded and a short line of reasoning against each.

Weekly Cliff Notes

The whole week, in ten minutes.

Our team curates the current equity coverage. Then Dan goes through it and writes down what he is actually watching — the market commentary, the week's key calls, and the names on his own screen.

Read it over coffee on a Sunday and you are current. Or use it as the door into the full report on the one line that stops you.

Market Flows Chat: a live Discord-style channel where members and Dan discuss liquidity, breadth and positioning, with pinned focus notes and recent alerts.

Market Flows Chat

Real-time flow dialogue. Context that moves with the market.

Market Flows Chat is where members and Dan discuss what the flows are telling us right now. Get instant color, share what you're seeing, and ask questions as the tape evolves.

  • Live conversations

    Real-time discussion around market flows, liquidity, positioning and catalysts.

  • Dan + member dialogue

    Ask questions, challenge ideas and get Dan's take as the market moves.

  • Flow context

    Understand what the tape, breadth, sentiment and liquidity are signaling right now.

  • Timely alerts

    Important flow shifts and market developments shared as they happen.

Stay connected to the market in real time with a community focused on high-quality discourse and actionable perspective.

On the record

“Losing her is like the Warriors losing Steph Curry.”

Daniel X. Bustamante in Business Insider — on Lululemon losing its chief product officer

The call ran opposite Michael Burry’s bullish bet. Lululemon fell nearly 50% that year on slowing growth, competition and tariffs. That is the whole job: a clear, early, falsifiable view — in public, with a name attached to it.

Business Insider

“The hedge-fund CIO who won big in his short bet against Carvana last year is now betting millions that the housing market will slow significantly” — calling for 15–20% declines in home prices ahead.

Opening Bell Daily

“A top investment chief is betting this iconic industrial stock can jump 48% by 2026” — Bustamante’s single best idea for the year, written up by Phil Rosen.

Bloomberg Television

On D.R. Horton’s rent-to-own pivot: “They have been focusing more on single-family rental development versus actual homes for sale, while investing over $1 billion in that arm the last three years.”

One reader found the letter the same way: “I found the report in 2022 when I was long Carvana and saw a video about it being a short. Sure enough, he was right.”

How the research desk works

Four steps from the whole market
to what actually matters.

01

We find stocks worth researching

Our research process searches for turnarounds, improving fundamentals, major corporate changes, large buybacks, restructurings, asset sales, management changes and other catalysts that can materially change a company’s earnings power or valuation.

02

We do the fundamental research

Screens only find candidates. We analyse the business, earnings, valuation, catalysts, risks and what the market may be missing before an idea earns deeper LongVol coverage.

03

We maintain & monitor a living research list

LongVol isn’t a static list of stock picks. Companies enter and leave as opportunities change, and we continuously track the thesis for material developments, upgrades/downgrades, earnings, guidance, catalysts and risks.

04

We tell you what actually matters

Instead of dumping more information on you, every report distils the research into what changed, why it matters, what deserves your attention and what we’re watching next — with the key takeaways designed to be understood in about five minutes.

Daniel X. Bustamante
Daniel X. Bustamante Futures trader → equity analyst → PM, long/short hedge fund.
Today: Bustamante Capital Management.

The seat this is written from

Not a normal Wall Street path.
That is rather the point.

It started at nine, selling fruit out of a backyard and reinvesting it into buying and selling golf clubs on eBay. In college it was class during the morning and working at Charles Schwab in the afternoon and evenings. Then the twenties on Wall Street: a futures desk, then equity research, then portfolio manager at a long/short hedge fund.

Four things survived all of it. They are the spine of every letter.

  1. Have a process.

    Short-term trader or long-term investor, it does not matter. Markets are made of uncertainty; a repeatable process keeps you spending your attention on the part you control.

  2. Have a plan for every position.

    Underwrite it and know where you are getting out before you are in. That is what makes the risk/reward — and therefore the size — an answer rather than a guess.

  3. Know what you own, and why.

    A turnaround and a short-term event trade are not the same instrument. Defining which one you hold sets both the size and the expectation.

  4. Learn bet sizing.

    There is a time to push the whole stack in, and it is rare. A portfolio of ideas beats a bet on one, because there is always something you could not have accounted for.

Yours in profits,
Daniel X. Bustamante

The archive

Recent letters

Read the full archive

Readers

Nine people, unprompted,
on what they actually use.

I am a student of the FOPT lectures and subscribe to the report and both are incredible. The FOPT is so well done and in depth that it talked about concepts I never even thought to consider. I spent time as an analyst in my twenties at a hedge fund and we never used the ideas discussed in there — so this was an eye opener for me.
ChristianUnited Kingdom
I found the report in 2022 when I was long Carvana and saw a video about it being a short. At first I was not sure, but sure enough he was right, and from there I was sold. It’s so well done that sometimes I wish they didn’t sell it — but I get it.
DarrenDenver, CO
I’ve been a stock and commodity investor since the late 80s, when I used to get my charts mailed on the weekends — so that tells you how long I’ve been at this. This is one of the top 3 reports I have ever subscribed to over those years.
FrankParadise Valley, AZ
My background was in economics and some investing, really in Forex and stocks. I have read this report for about a year now and it is very thorough and filled with ideas to use. The best part for me is the weekly commentary — that’s where I get a feel for what to look at myself.
RobertSwitzerland
The LongVol Report is incredible. He is so straight-forward and the analysis is rarely wrong. My favorite part is the highlighted ideas, because it gives me confidence to pay attention to those over my own analysis, which I’m still working on.
WouterDubai, UAE
I took Dan’s classes when he was with another company during Covid and he was one of the best teachers I have ever met — and I spent a lot of time and money at Online Trading Academy, so believe me. Three years in, it only gets better.
BryanMiami
Been a long time reader and it has helped me make a good deal of money over the years. What I like most is the highlighted ideas each week — when I’m in a rush I can just read those, set some alerts, then manage it when I’m on the road.
BradSan Diego, CA
I’ve been with you a long time and came back after these years because your takes were always unique. I have made more money with the report and the FOPT Lectures than anything I’ve done previously.
Ron S.Wisconsin
Just wanna say, the FOPT you put together is REALLY good. So much in there that I want to learn, and it’s right there. Looking back at the old stuff and the stuff now — WOW. It’s obvious how much you have grown.
MattChicago

Membership

Pick the seat you want.

All three tiers land Sunday. The difference is depth — Lite is the setups, Report is the research publication, and Professional is the research platform behind it.

LongVol Lite

For the DIY investor who wants the setups.

$150 /month

Includes a free 14-day trial

  • Weekly LongVol Lite Letter
  • Complete trade setups with entries, exits and risk levels
  • Biweekly Educational Webinars with Live Q&A
  • A quick market breakdown of the need-to-know info for the week ahead
  • Educational insights to help you learn
  • Market Flows Chat
Start free 14-day trial
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LongVol Report

The premium research publication.

$300 /month

Includes a free 14-day trial

  • Core research monitors — Turnaround, Fundamental Momentum, Corporate Catalyst and Share Repurchase
  • Our best new ideas as they earn coverage
  • The LongVol Research List, maintained and monitored
  • Material thesis updates as the story changes
  • Deep dives on the names that warrant them
  • The 5-minute briefing — what changed and why it matters
  • Member webinars and education
  • LongVol Lite included
Start free 14-day trial
Most complete

LongVol Professional

The full research platform, for desks and serious operators.

Contact us

Everything in Report, plus the platform behind it

  • Expanded screening across the full market
  • Estimate-revision monitoring
  • Catalyst tracking
  • Company dashboards
  • Thesis-change alerts
  • Models and underlying data
  • Custom monitoring built around your mandate
  • Analyst access
  • Team and multi-user licensing
Contact us

Prices in USD. Cancel any time — the trial ends before it bills.

Before you join

Questions we get asked.

When is The LongVol Report published?

The LongVol Report is published almost every weekend, approximately 48 times per year, giving members a consistent research update on the ideas, developments and opportunities that matter.

What do I actually receive as a member?

Members get the LongVol Research List, our market-wide research monitors, valuation and catalyst analysis, clear Buy/Add/Hold/Watch/Reduce conclusions, material thesis updates, trade alerts, and member research and education webinars.

How does LongVol find new research ideas?

Our research stack systematically searches the market using Turnaround, Fundamental Momentum, Event-Driven and Share Buyback monitors. These help us identify companies undergoing meaningful change, which we then research before deciding what deserves members’ attention.

How does LongVol save me time and money?

Think of LongVol as your outsourced research desk. Instead of paying for multiple research tools and spending hours screening stocks, reading filings, tracking earnings and searching for catalysts, our research stack does the heavy lifting. We find what changed, research why it matters and distil it into what deserves your attention — so you can spend your time making decisions instead of searching for information.

Do you offer institutional, desk or multi-user access?

Yes. Institutional, trading desk and multi-user licences are available for firms that need access across multiple team members. Contact us directly for pricing and access options.

The next letter goes out Sunday.

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