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Hidden Value Gems
This latest piece by IEA as well as other oil market analyses suggest that the oil demand is quite weak this (+0.8mb/d in 1H24) with OPEC playing the key role in balancing the market. Non-OPEC supply is c. +1.5mb/d with more production expected next year (driven by Brazil and Guyana).
Even though I try to avoid macro forecasts, it looks like more downside for oil prices.
Would not rush to add to the oil holdings on recent correction, better to be cautious.
PS: I know IEA is often wrong and there is tension in the Middle East, but still ...
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This latest piece by IEA as well as other oil market analyses suggest that the oil demand is quite weak this (+0.8mb/d in 1H24) with OPEC playing the key role in balancing the market. Non-OPEC supply is c. +1.5mb/d with more production expected next year (driven by Brazil and Guyana).
Even though I try to avoid macro forecasts, it looks like more downside for oil prices.
Would not rush to add to the oil holdings on recent correction, better to be cautious.
PS: I know IEA is often wrong and there is tension in the Middle East, but still ...
tweet
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Librarian Capital
They don’t ring a bell at the top, governance edition
Campari $CPR: "(New) plan … allows the dominant shareholder to sell half their shares (or more) without losing control of the company” (7-Aug-23)
Shares have since fallen ~40%
CEO Matteo Fantacchiotti has just resigned https://t.co/o4hk28PuDd
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They don’t ring a bell at the top, governance edition
Campari $CPR: "(New) plan … allows the dominant shareholder to sell half their shares (or more) without losing control of the company” (7-Aug-23)
Shares have since fallen ~40%
CEO Matteo Fantacchiotti has just resigned https://t.co/o4hk28PuDd
Some comments on Campari corporate governance.
https://t.co/rCZtoGgZrf tweet
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Hidden Value Gems
Such a weird statement with all due respect to the company.
$GAW.L https://t.co/uVIQ6NhbvE
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Such a weird statement with all due respect to the company.
$GAW.L https://t.co/uVIQ6NhbvE
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Stock Analysis Compilation
Smithson on Melexis $MELE BB
Melexis’ low-cost, high-functionality sensors are poised to ride the wave of growing automotive and smart technology demand
(Extract from their Q1 letter) https://t.co/dixSsuUOTf
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Smithson on Melexis $MELE BB
Melexis’ low-cost, high-functionality sensors are poised to ride the wave of growing automotive and smart technology demand
(Extract from their Q1 letter) https://t.co/dixSsuUOTf
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Librarian Capital
J Stern & Co World Stars Global Equity performance
L5Y +14.1% p.1. (gross) vs. MSCI World +13.1%
Aug YTD +19.0% vs. MSCI World +16.7%
YTD biggest contributor: IT
YTD biggest detractor: Consumer Staples
Consumer names include Pernod Ricard $RI, Diageo $DGE, L'Oréal $OR https://t.co/Dg2AkprBy5
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J Stern & Co World Stars Global Equity performance
L5Y +14.1% p.1. (gross) vs. MSCI World +13.1%
Aug YTD +19.0% vs. MSCI World +16.7%
YTD biggest contributor: IT
YTD biggest detractor: Consumer Staples
Consumer names include Pernod Ricard $RI, Diageo $DGE, L'Oréal $OR https://t.co/Dg2AkprBy5
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Librarian Capital
No real answers to this - I don't think there is one
That's the point. An interest rate differential of 25 bps makes no difference to business fundamentals
Trading stocks on your view of rate decisions is betting on being right on TWO things - the decision and how market reacts
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No real answers to this - I don't think there is one
That's the point. An interest rate differential of 25 bps makes no difference to business fundamentals
Trading stocks on your view of rate decisions is betting on being right on TWO things - the decision and how market reacts
Suppose you and a friend were to meet a deity
The deity offers to give you each a special power:
Both of you can predict Fed rate a year from now
You will be accurate to 25bps; your friend to 50bps
Equities only; no derivatives
Can you make more money than your friend? How? tweet
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: 20 Stocks ROIC >20% & Have More Cash and Equivalents to Long-Term Debt 💵
📈 Nvidia $NVDA
🏢 NVR Inc $NVR
🚗 Copart $CPRT
🤖 Fortinet $FTNT
🔩 Fastenal $FAST
💵 Paychex $PAYX
📐 Graco Inc $GGG
🚿 A O Smith $AOS
☁️ Microsoft $MSFT
🖱️ Alphabet $GOOG
📲 Taiwan Semi $TSM
🖨️ Lam Research $LRCX
💽 ASML Holding $ASML
🎥 Meta Platforms $META
💾 Applied Materials $AMAT
✈️ Booking Holdings $BKNG
🏥 Medpace Holdings $MEDP
🫀 Edwards Lifesciences $EW
🚛 Old Dominion Freight $ODFL
🧬 Vertex Pharmaceuticals $VRTX
#stocks #investing
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RT @DimitryNakhla: 20 Stocks ROIC >20% & Have More Cash and Equivalents to Long-Term Debt 💵
📈 Nvidia $NVDA
🏢 NVR Inc $NVR
🚗 Copart $CPRT
🤖 Fortinet $FTNT
🔩 Fastenal $FAST
💵 Paychex $PAYX
📐 Graco Inc $GGG
🚿 A O Smith $AOS
☁️ Microsoft $MSFT
🖱️ Alphabet $GOOG
📲 Taiwan Semi $TSM
🖨️ Lam Research $LRCX
💽 ASML Holding $ASML
🎥 Meta Platforms $META
💾 Applied Materials $AMAT
✈️ Booking Holdings $BKNG
🏥 Medpace Holdings $MEDP
🫀 Edwards Lifesciences $EW
🚛 Old Dominion Freight $ODFL
🧬 Vertex Pharmaceuticals $VRTX
#stocks #investing
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Stock Analysis Compilation
Greenhaven Road on Burford $BUR LN
Burford’s $6.2B judgment against Argentina, with interest accruing daily, presents a highly attractive risk/reward opportunity as the company works through its backlog of cases
(Extract from their Q2 letter) https://t.co/GX7LSFfQE7
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Greenhaven Road on Burford $BUR LN
Burford’s $6.2B judgment against Argentina, with interest accruing daily, presents a highly attractive risk/reward opportunity as the company works through its backlog of cases
(Extract from their Q2 letter) https://t.co/GX7LSFfQE7
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Librarian Capital
$HAYPP: I am disappointed to be misunderstood by so many of you, especially as we have been publishing our thoughts on Tobacco stocks since 2019 https://t.co/b9FW2Hk2im
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$HAYPP: I am disappointed to be misunderstood by so many of you, especially as we have been publishing our thoughts on Tobacco stocks since 2019 https://t.co/b9FW2Hk2im
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