The Long Investor
HSI is now up 15% in 2 weeks
This is not a normal situation to see an index increase by this amount over a short period of time
Inflows from the US is likely the cause of this aggressive buying and mainland China
If US institutions have not started adding already, they will shortly
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HSI is now up 15% in 2 weeks
This is not a normal situation to see an index increase by this amount over a short period of time
Inflows from the US is likely the cause of this aggressive buying and mainland China
If US institutions have not started adding already, they will shortly
tweet
Offshore
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Hidden Value Gems
Shared a table at a dinner with two engineers from the West Coast yesterday.
Naturally AI was the first topic we discussed.
Got more convinced that avoiding investments outside of your circle of competence is the right thing.
It is just too complicated with lots of innovation and changes to form a view for the next few years when most value is created.
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Shared a table at a dinner with two engineers from the West Coast yesterday.
Naturally AI was the first topic we discussed.
Got more convinced that avoiding investments outside of your circle of competence is the right thing.
It is just too complicated with lots of innovation and changes to form a view for the next few years when most value is created.
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The Long Investor
The questions need to be asked:
Why did $GOOG and $AAPL need to go so aggressive with buybacks and dividends?
and why did $AMZN not do either?
$AMZN is focused on growth and innovation and not focused on share holders short term value. (Which is a great approach for long term holders)
$GOOG and $AAPL were aware they needed to help their share price for this earning season but unfortunately, they can't use that same card for their next earnings report....ask $META how this went for them.
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The questions need to be asked:
Why did $GOOG and $AAPL need to go so aggressive with buybacks and dividends?
and why did $AMZN not do either?
$AMZN is focused on growth and innovation and not focused on share holders short term value. (Which is a great approach for long term holders)
$GOOG and $AAPL were aware they needed to help their share price for this earning season but unfortunately, they can't use that same card for their next earnings report....ask $META how this went for them.
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Offshore
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Hidden Value Gems
41-page free deep dive on $BRK by @BRK_Student
Lots of charts and tables, very useful!
https://t.co/9W7KFFCI3k https://t.co/bFY9qRgcgR
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41-page free deep dive on $BRK by @BRK_Student
Lots of charts and tables, very useful!
https://t.co/9W7KFFCI3k https://t.co/bFY9qRgcgR
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The Long Investor
$VICI now has a Net Profit Margin above 70%
One month ago we highlighted that it is the only company in the S&P 500 with a net profit margin above 60%.
Dividend is also at 5.7%
It is our belief that when interest rates come down, $VICI will likely benefit the most from this.
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$VICI now has a Net Profit Margin above 70%
One month ago we highlighted that it is the only company in the S&P 500 with a net profit margin above 60%.
Dividend is also at 5.7%
It is our belief that when interest rates come down, $VICI will likely benefit the most from this.
There is only one company in the S&P 500 with a Net Profit Margin above 60%
Dividend is also 5.7%
$VICI tweet
X (formerly Twitter)
The Long Investor (@TheLongInvest) on X
There is only one company in the S&P 500 with a Net Profit Margin above 60%
Dividend is also 5.7%
$VICI
Dividend is also 5.7%
$VICI
Offshore
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The Long Investor
Goldman likes Gold at $3000
Clearly that should have been their tag line!
“The PBOC has increased its gold reserves for 17 consecutive months, with a 16% rise in its gold holdings during this period, as reported by the World Gold Council. In March alone, the PBOC added 160,000 ounces of gold to its reserves.
Similarly, countries like Turkey, India, Kazakhstan, and some in Eastern Europe have been active gold buyers this year.
This accumulation reflects a broader trend among global central banks to diversify their reserves and lessen their dependence on the US dollar.”
- https://t.co/cRiDie7T7B
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Goldman likes Gold at $3000
Clearly that should have been their tag line!
“The PBOC has increased its gold reserves for 17 consecutive months, with a 16% rise in its gold holdings during this period, as reported by the World Gold Council. In March alone, the PBOC added 160,000 ounces of gold to its reserves.
Similarly, countries like Turkey, India, Kazakhstan, and some in Eastern Europe have been active gold buyers this year.
This accumulation reflects a broader trend among global central banks to diversify their reserves and lessen their dependence on the US dollar.”
- https://t.co/cRiDie7T7B
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Offshore
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Hidden Value Gems
My takeaway from the chart below:
Earnings growth is more important than valuation multiple.
Just be careful if the growth is “borrowed” from the future and comes on the back of tech changes concentrated in a few mega caps. https://t.co/hLV0sikfbJ
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My takeaway from the chart below:
Earnings growth is more important than valuation multiple.
Just be careful if the growth is “borrowed” from the future and comes on the back of tech changes concentrated in a few mega caps. https://t.co/hLV0sikfbJ
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Offshore
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The Long Investor
Global hedge funds are flowing into Hong Kong.
We are ahead of the hedge funds now.
$BABA $BIDU $JD $YINN $NIO https://t.co/6xZQybNAAN
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Global hedge funds are flowing into Hong Kong.
We are ahead of the hedge funds now.
$BABA $BIDU $JD $YINN $NIO https://t.co/6xZQybNAAN
Bullish Headlines have now arrived on China and hedge funds are piling back in 🇨🇳 🇭🇰
To start 2024, China was the MOST shorted investment theme in Fund Manager surveys
Later this year, I believe it will be the MOST crowded long investment theme.
$baba $kweb $pdd $hsi $jd https://t.co/N1f0J7xLFF tweet
The Long Investor
FED will cut before the elections
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FED will cut before the elections
❖ US Labor Apr Nonfarm Payrolls +175K; Consensus +240K
❖ US Apr Unemployment Rate 3.9%; Consensus 3.8%
❖ US Apr Average Hourly Earnings +0.20%, or +$0.07 to $34.75; Over Year +3.92%
❖ US Apr Private Sector Payrolls +167K and Government Payrolls +8K
❖ US Apr Average Workweek -0.1 Hour to 34.3 Hours
❖ US Apr Labor-Force Participation Rate 62.7%
❖ US Mar Payrolls Revised to +315K; Feb Revised to +236K tweet
X (formerly Twitter)
*Walter Bloomberg (@DeItaone) on X
❖ US Labor Apr Nonfarm Payrolls +175K; Consensus +240K
❖ US Apr Unemployment Rate 3.9%; Consensus 3.8%
❖ US Apr Average Hourly Earnings +0.20%, or +$0.07 to $34.75; Over Year +3.92%
❖ US Apr Private Sector Payrolls +167K and Government Payrolls +8K
❖…
❖ US Apr Unemployment Rate 3.9%; Consensus 3.8%
❖ US Apr Average Hourly Earnings +0.20%, or +$0.07 to $34.75; Over Year +3.92%
❖ US Apr Private Sector Payrolls +167K and Government Payrolls +8K
❖…
Offshore
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Dimitry Nakhla | Babylon Capital®
$ICE Intercontinental Exchange is one of those steady excellent compounders 📈📉
In the last 10 years:
•FCF CAGR +15.75%
•Net Income CAGR: +17.20%
#stocks #investing https://t.co/8zkmDBJlpv
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$ICE Intercontinental Exchange is one of those steady excellent compounders 📈📉
In the last 10 years:
•FCF CAGR +15.75%
•Net Income CAGR: +17.20%
#stocks #investing https://t.co/8zkmDBJlpv
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The Long Investor
So why do stocks bounce when jobs growth disappoints
A lot of people are confused by this
Slow jobs growth means a slowing down economy, meaning the Fed can rate cut sooner rather than later
The Feds job is to lower inflation, less jobs available means a weakening economy and in theory, a reduction to inflation
The Fed will ONLY pivot when they feel the economy is weakening
So why a bounce on this news?
When the Fed pivots, it’s time to get out of equities and into safe havens as earnings will likely decline….which is evident from this seasons lower guidance.
The bounce is exit liquidity
Smart money will do what they can not to get caught on the wrong side of the decline
Don’t be exit liquidity, let the suckers of history be caught on the wrong side of this, you are more aware
$SPY $QQQ
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So why do stocks bounce when jobs growth disappoints
A lot of people are confused by this
Slow jobs growth means a slowing down economy, meaning the Fed can rate cut sooner rather than later
The Feds job is to lower inflation, less jobs available means a weakening economy and in theory, a reduction to inflation
The Fed will ONLY pivot when they feel the economy is weakening
So why a bounce on this news?
When the Fed pivots, it’s time to get out of equities and into safe havens as earnings will likely decline….which is evident from this seasons lower guidance.
The bounce is exit liquidity
Smart money will do what they can not to get caught on the wrong side of the decline
Don’t be exit liquidity, let the suckers of history be caught on the wrong side of this, you are more aware
$SPY $QQQ
BREAKING: Stocks rally on news of disappointing job growth. tweet
X (formerly Twitter)
Douglas A. Boneparth (@dougboneparth) on X
BREAKING: Stocks rally on news of disappointing job growth.