Washout slate: TER and CGNX get buy-on-trigger calls

Thesis

Washout slate: TER and CGNX get buy-on-trigger calls

  • Type: thesis-shift (subtype: hardens)
  • event_id: 2026-07-08-washout-slate-ter-and-cgnx-get-buy-on-trigger-calls
  • parent_event: 2026-07-08-picks-and-shovels-washout-slate
  • Shift: The AI-hardware unwind washed out the pillar's test/vision durables while the fundamentals wire fired margin inflections on both — TER -21% on the week with no company event (Q1 rev +87%), CGNX EPS tripled over three quarters.
  • Effect on thesis: Both now carry on-the-record buy-on-trigger desk calls (TER >383, CGNX >66) with call-check watching nightly.
  • Per-ticker: TER ↑ (buy above 383; Jul 28 print catalyst). CGNX ↑ (buy above 66).
6 events
DateTypeEvent
Jul 8 ArticleThe Unwind Is Washing Out Our Picks-and-Shovels Lanes While Their Fundamentals Inflect Up Jul 11 ScanMonster Scan Jul 3 Peer ReviewSystematic peer review: crux_capital physical-AI conviction basket vs our engine Jul 2 Tweethis 5 conviction Physical AI names (40-50% of book): OUST/AMBA/CGNX/AEVA/VPG/CCXI Jun 25 ScanMonster Scan Jun 20 ScanMonster Scan

No direct external sources are attached to this read.