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1) S&P 500 Welcomes Super Micro & Deckers Outdoor —

In a notable index shake-up, tech firm Super Micro and footwear company Deckers Outdoor ascend to the S&P 500, promising fresh investor interest. #IndexRebalance
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Hidden Value Gems
Interesting study showing that the merger of equals often leads to poor results for shareholders:

✅"Following the announcement of a merger of equals, the stock price of the average acquirer lags behind industry peers by more than 7 percentage points cumulatively over the following two years."

✅"It is twice as likely a so-called value stock — one trading at a low valuation compared with its assets or fundamental performance — will target a merger of equals than a growth stock that has earnings above the market average."

✅"Lower quality companies — which we define on a range of factors such as dividend payments, profitability and credit risk metrics — tend to engage more in mergers of equals, with only 40 companies we rank as high quality involved in the past 20 years."

✅"If the initial market reaction to the announcement is poor in the first week, the stock of the merged company suffers another 10 percentage points of underperformance against its industry group on average over the next two years."

via @FT
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Hidden Value Gems
Some dose of optimism:

"February was the 7th strongest on record since World War II. In previous years since 1945 when the market was up at least 6% in the first two months, it gained an average of 11.9% through the remainder of the year."

- Birinyi Associates
h/t @SamanthaMcLemor
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Hidden Value Gems
As your weekend fitness session approaches - focus on Zone 2.

➡️"It broadly means exercising at a relatively low effort for a long time (c. 60% of your max heart rate)."

➡️"This type of training helps us produce energy more efficiently by stimulating our cells’ powerhouses, the mitochondria [battery packs in our cells that convert fats and carbohydrates into energy]."

➡️"Over time, this translates to better health and athletic performance."

via @WSJ
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The Long Investor
RT @TheLongInvest: My Performance over the last 12 months: $AMZN: 74% Largest holding (37% of portfolio) $AMD: 98% $ABNB: 88% $ADA: 100% $ETH: 70% $DAL: 68% $GOOG: 24% $SQ: 16% $PYPL: 10% $BABA: 5% $OXY: 3% $BIDU: 0% $NIO: -37% $FSR: - 40% Smallest holding (2% of port)

All buy alerts for this portfolio were added to my group.
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The Long Investor
RT @TheLongInvest: $AMD I am reminded that I give away too much on X but for me, everyone deserves to make money and everyone needs to start somewhere.

I know from personal experience that I benefited greatly from the free content that I received from X and I hope I am somewhat paying it back now.
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The Long Investor
The S&P 500 has never failed to make new ATH's.
The S&P 500 has never failed to make new ATH's.
The S&P 500 has never failed to make new ATH's.
The S&P 500 has never failed to make new ATH's.
The S&P 500 has never failed to make new ATH's.
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The Long Investor
There are only 2 companies with an ROE over 50% and a PE under 10 in the S&P 500 right now.

One of them is $DAL.
PE: 5
FWD PE: 5

All 20 analysts on Wall Street recommend this as a Buy
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AkhenOsiris
Bubbles in following:

- SMCI *
- AMD *
- NVDA *
- Markets Are Broken
- Blow Off Top

*Criteria: up a lot
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AkhenOsiris
Markets are broken bloomberg.com/news/articles/…
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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BizToc
4) Fed Talks Balance Normalization —

Federal Reserve lays out plans for balance sheet normalization, impacting ON RRPs, MBS, and reserves. #FederalReserve
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