Subscription Renewal Franchises

Own businesses whose core products are sold through recurring subscriptions, spanning entertainment, creative tools and essential business software rather than a single AI application theme. Renewal relationships and embedded customer habits can support durable revenue, although competition and cancellations remain risks. Recent weakness in Netflix, Adobe and Intuit alongside stronger enterprise-software performance offers a differentiated entry point without requiring a fresh news catalyst. Launch basket (equal weight): NFLX, ADBE, INTU, CRM, NOW, WDAY Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.