Amerx
AmerX is the trade name of Lucid Capital Markets, LLC, a New York-based self-clearing broker-dealer and NYSE floor broker. Its equity research, launched in May 2026, focuses on physical AI, lidar and autonomous systems, with coverage of technology services companies added later.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 312M
- Actions
- 412M
- Ratings / Price targets
- 4 / 0
- Buy-rated
- 33%of 3 rated
- On record
- May 2026 – Aug 2026
Overview
AmerX launched its research service on May 5, 2026, with one senior technology analyst. Its inaugural report initiated coverage of eight physical AI companies working in lidar, radar and software for autonomous systems.
The firm was formed in New York in June 2015, operated as Americas Executions, LLC under chief executive Fady Tanios, and has held an NYSE trading license since August 3, 2015, succeeding a predecessor member organization registered in 2006. It built floor brokerage, direct market access, algorithmic trading, self-clearing, prime brokerage and securities lending businesses. The broker-dealer distributes research through two divisions: Lucid, focused on fundamental research, and AmerX.
Milestones
- 2006
Predecessor entity registers as NYSE member organization
- 2015
Americas Executions formed; obtains NYSE trading license
- 2026
AmerX launches equity research focused on physical AI
Firm facts
- Legal name
- Lucid Capital Markets, LLC (dba AmerX)
- Type
- Boutique
- Founded
- 2015
- Headquarters
- New York, United States
- Chief Executive Officer
- Fady Tanios
- Rating scale
- BuyOverweightHoldUnderweightSell12 months
- Website
- amerx.com
Research philosophy
Our work is centered on providing fresh, relevant analysis — not summaries of current market positioning.
AmerX says its New York Stock Exchange floor presence and order flow let it pair market color with real-time trading dynamics, grounding its research in observed market behavior. At the May 2026 launch, chief executive Fady Tanios said markets reward better insight rather than more information, and senior analyst Casey Ryan said coverage would focus on emerging trends that matter to institutional investors seeking alpha.
Rating methodology
AmerX uses a five-tier rating system based on expected 12-month total returns: Buy (35% or more), Overweight (at least 15%), Hold (within ±14%), Underweight (−15% to −35%) and Sell (−35% or worse). It does not set price targets for Hold-rated stocks.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Hesai GroupHSAI | Hold | — |
 AEye, Inc.LIDR | Buy | — |
 MicroVision, Inc.MVIS | Hold | — |
Recent actions
| Date | Stock | Rating action | Rating |
|---|---|---|---|
| Aug 20 | Hesai GroupHSAI | Reiterate | Hold |
| May 20 | Hesai GroupHSAI | Reiterate | Hold |
| May 14 | AEye, Inc.LIDR | Reiterate | Buy |
| May 14 | MicroVision, Inc.MVIS | Reiterate | Hold |