⁠Stock Analysis Compilation
Clearbridge on MSCI $MSCI US

Thesis: MSCI’s strong market position in ESG and indexing, combined with recurring revenue and robust demand, positions it for sustained profit growth.

(Extract from their Q3 letter) https://t.co/IRdKcFYar8
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⁠App Economy Insights
$RDDT Reddit's Daily Active Uniques. https://t.co/0AAAdt0LEW
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⁠App Economy Insights
$MSFT Microsoft Q1 FY25 (ending in Sept.):

☁️ Azure +34% Y/Y fx neutral (vs. 30% in Q4).

• Revenue +16% Y/Y to $65.6B ($1.0B beat).
• Gross margin 69% (-2pp Y/Y)
• Operating margin 47% (-1pp Y/Y).
• EPS $3.30 ($0.19 beat). https://t.co/7Q8Eapr8ks
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⁠Librarian Capital
"Columbia Threadneedle closes standalone UK small stocks unit" (FT)

"Remaining UK equity managers will run larger stocks"
"Will combine its responsible investment research team with ... global fundamental research division"
"A handful of job cuts"

Columbia Threadneedle closes standalone UK small stocks unit https://t.co/EkjeR9okxp - Financial Times
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⁠Librarian Capital
Trump supporters are mis-quoting President Biden

No surprise to people who are familiar with FOX news, but Elon Musk and Bill Ackman have also jumped in

The full Biden quote from the Zoom tonight, which is being taken out of context: https://t.co/fHT9PvVjiO - Jonathan Lemire
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⁠Librarian Capital
FT: "European equal-weight products ... gathered record net flows in September of €2.9bn, bringing inflows for the quarter to €3.9bn ... Now asset managers are looking to capitalise on the surge in inflows"

"Pull up your flowers and water your weeds"

https://t.co/yPsFEsHUN1
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⁠Librarian Capital
RT @KamalaHQ: Trump brags about throwing paper towels at Puerto Ricans who were devastated by a hurricane that killed thousands: “It was fun” https://t.co/0h6ztcVvcC
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⁠Librarian Capital
RT @nytimes: Barbara Bush, whose father and grandfather were the last two Republican presidents before Donald Trump, said she was backing his opponent, Vice President Kamala Harris. https://t.co/u9N2YL5lJd https://t.co/OY7tCORwZc
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⁠Librarian Capital
$OTIS 24Q3 results (Non-GAAP)

Q3 EBIT +1.3% ex-FX, +0.7% in $
Net Income -2.5%, EPS +1.1%

Service sales +7.7% organic
Maintenance units +4.2%
EBIT +7% (+$37m)

NE sales -8.2% organic
Orders -3% ex-FX, incl. >20% decline in China
EBIT -19% (-$20m)

YTD EBIT +4.1%, EPS +8.2% https://t.co/ht50GeagSp
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⁠Librarian Capital
Estée Lauder names Stéphane de La Faverie as CEO

Effective 1-Jan; at $EL since 2011
"I am grateful to Fabrizio for his strategic guidance"

William Lauder (63) moves from executive chair to chair
"Our family’s long-standing day-to-day mgmt. of (EL) is evolving"

Shares -52% L5Y https://t.co/dUH33FCACh
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⁠Librarian Capital
RT @mattyglesias: Musk’s closing message — you’ll be worse off with Trump! https://t.co/9PNAPyjFVu
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