⁠The Kobeissi Letter
Lumber prices are surging:

Lumber futures prices jumped to $675 on Tuesday, now up +20% in 6 weeks to their highest since August 2022.

This comes after President Trump ordered an investigation into shipments of the commodity into the US.

The probe will scrutinize whether exporters like Canada, Germany, and Brazil are throwing lumber into US markets “at the expense of American economic prosperity and national security."

According to Bloomberg, Canada provides as much as 30% of US softwood lumber.

Lumber imports will be a key trade issue.
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⁠Quiver Quantitative
Marjorie Taylor Greene recently started buying up ServiceNow stock.

Now down 26% since her most recent purchase.

Friendly fire is on.

HUD completed the same audit. Initial findings on paid software licenses:

- 35,855 ServiceNow licenses on three products; only using 84
- 11,020 Acrobat licenses with zero users
- 1,776 Cognos licenses; only using 325
- 800 WestLaw Classic licenses; only using 216
- 10,000 Java licenses; only using 400

All are being fixed. - Department of Government Efficiency
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⁠The Kobeissi Letter
RT @TKL_Adam: I will be joining Charles Payne, @cvpayne, LIVE on Fox Business today at 2:50 PM ET.

Providing @KobeissiLetter's outlook on the market implications of tariffs and DOGE.

The S&P 500 has officially erased all post-election gains on trade concerns.

Tune in LIVE at 2:50 PM ET!
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⁠The Kobeissi Letter
BREAKING: President Trump is delaying tariffs on goods from Canada that comply with USMCA until April 2nd, per WSJ.

These tariffs are now delayed for 1 month on goods that qualify from both Mexico and Canada. https://t.co/dtMp2dDxBb
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⁠The Kobeissi Letter
BREAKING: President Trump says he is “not even looking at the stock market.” https://t.co/biAHhbolQJ
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⁠Stock Analysis Compilation
Giverny Capital on Ferguson $FERG US

Thesis: Ferguson is the largest plumbing-supplies distributor in the US, with strong market power, healthy profits, and potential for growth through acquisitions despite weak housing construction.

(Extract from their Q4 letter) https://t.co/didFWjKi0R
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⁠Dimitry Nakhla | Babylon Capital®
A correction occurs when the stock market declines by at least 10% to 20% 📉

We’ll officially enter a correction if / when the S&P 500 and Nasdaq drop to:

$SPY: 5,532
$IXIC: 18,184 (the Nasdaq is already in correction territory)

A bear market is defined as a stock market decline of 20% or more 📉

We’ll officially enter a bear market if the S&P 500 and Nasdaq fall to:

$SPY: 4,917
$IXIC: 16,164
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⁠Quiver Quantitative
RT @InsiderRadar: 🚨BREAKING: New Insider Purchase

The Chairman of the Board at $SBGI has reported purchasing $1.6m of the company's stock in two separate purchases this week.

These are the first insider purchases at the company in over a year.
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⁠Finding Compounders
Graph visualizing Total Shareholder Return.

Source : McKinsey Valuation https://t.co/czKfZO6pBc
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⁠Quiver Quantitative
BREAKING: President Trump just spoke on the cause of the stock market sell-off.

Do you agree with him? https://t.co/5P9M36lhl7
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⁠App Economy Insights
$COST Costco Q2 FY25.

• Revenue +9% Y/Y to $63.7B ($0.6B beat).
• EPS $4.02 ($0.09 miss).
• 897 warehouses (+22 Y/Y, +6 Q/Q).

Comparable sales Y/Y (adjusted):
• US +8.6%.
• Company +9.1%.
• E-commerce +22.2%. https://t.co/nsqKj4MXAE
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