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Stock Analysis Compilation
Harding Loevner on Meituan $3690 HK
Thesis: Meituan is a leading Chinese super-app that has improved its financial performance in 2024 by consolidating its food delivery and local services, launching a premium membership to attract cost-conscious users, and focusing on optimizing its core businesses amidst economic challenges.
(Extract from their Q4 letter)
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Harding Loevner on Meituan $3690 HK
Thesis: Meituan is a leading Chinese super-app that has improved its financial performance in 2024 by consolidating its food delivery and local services, launching a premium membership to attract cost-conscious users, and focusing on optimizing its core businesses amidst economic challenges.
(Extract from their Q4 letter)
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The Kobeissi Letter
BREAKING: The S&P 500 falls to a new low of 2025, now in correction territory, as President Trump says he not going to "change [his] mind" on April 2nd tariffs.
Trump says the US does not need Canadian cars, energy or lumber. https://t.co/tEjnb5nQ1G
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BREAKING: The S&P 500 falls to a new low of 2025, now in correction territory, as President Trump says he not going to "change [his] mind" on April 2nd tariffs.
Trump says the US does not need Canadian cars, energy or lumber. https://t.co/tEjnb5nQ1G
It's very clear what's happening:
President Trump now believes "short term pain" is his ONLY option to lower inflation and refinance $9+ trillion of US debt.
We have seen over -$5 TRILLION erased from US stocks with the goal of LOWERING rates.
Will it work?
(a thread) https://t.co/QlQYU65AZT tweet
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Quiver Quantitative
Representative Mike Collins just filed another purchase of the Ski Mask Dog meme coin.
Look at his recent trade page on Quiver.
Deep in the trenches: https://t.co/BDd5UuHAtz
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Representative Mike Collins just filed another purchase of the Ski Mask Dog meme coin.
Look at his recent trade page on Quiver.
Deep in the trenches: https://t.co/BDd5UuHAtz
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The Kobeissi Letter
Institutional selling has rarely been greater:
Hedge funds sold global stocks at their fastest pace in 4 years on March 7th and 10th.
Not even the 2022 bear market recorded such a sharp reduction in exposure.
The majority of transactions were selling of long positions in single stocks, according to Goldman Sachs data.
As a result, the S&P 500 declined -9% from its all-time high in less than 3 weeks.
This marks the fastest drop of such magnitude since the 2020 pandemic crash.
Institutional exits are moving markets.
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Institutional selling has rarely been greater:
Hedge funds sold global stocks at their fastest pace in 4 years on March 7th and 10th.
Not even the 2022 bear market recorded such a sharp reduction in exposure.
The majority of transactions were selling of long positions in single stocks, according to Goldman Sachs data.
As a result, the S&P 500 declined -9% from its all-time high in less than 3 weeks.
This marks the fastest drop of such magnitude since the 2020 pandemic crash.
Institutional exits are moving markets.
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The Kobeissi Letter
BREAKING: President Trump says "I think the annexation of Greenland will happen."
"We are going to have to make a deal on Greenland." https://t.co/iW42rni8KU
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BREAKING: President Trump says "I think the annexation of Greenland will happen."
"We are going to have to make a deal on Greenland." https://t.co/iW42rni8KU
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Hidden Value Gems
Just an observation: US Steel $X is up 24% YTD while Warrior Met $HCC is down 14%. I understand US Steel benefits from tariffs, at least in the short term, but I would have thought that HCC would benefit indirectly as well. Unless they have a lot of exports?
As much as I don't like coal, its buyback, dividends and valuation make it more appealing, especially as the share price continues to decline.
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Just an observation: US Steel $X is up 24% YTD while Warrior Met $HCC is down 14%. I understand US Steel benefits from tariffs, at least in the short term, but I would have thought that HCC would benefit indirectly as well. Unless they have a lot of exports?
As much as I don't like coal, its buyback, dividends and valuation make it more appealing, especially as the share price continues to decline.
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Finding Compounders
Have you ever wondered why Warren Buffett find the insurance business so attractive .
The answer lies in “insurance float”
Checkout my latest newsletter post on the insurance business and the advantages of insurance float that have result in Berkshire’s Success
Link in bio https://t.co/CkM1V44Uam
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Have you ever wondered why Warren Buffett find the insurance business so attractive .
The answer lies in “insurance float”
Checkout my latest newsletter post on the insurance business and the advantages of insurance float that have result in Berkshire’s Success
Link in bio https://t.co/CkM1V44Uam
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The Kobeissi Letter
BREAKING: The Nasdaq 100 is now down -400 points today, less than 6% away from our first bear market since 2022.
Buckle up. https://t.co/g9autBJkWA
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BREAKING: The Nasdaq 100 is now down -400 points today, less than 6% away from our first bear market since 2022.
Buckle up. https://t.co/g9autBJkWA
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