Offshore
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Finding Compounders
Came across this Goldman Sachs Recommended reading list
I’ve seen some great books in this list https://t.co/8VuxQOXsFF
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Came across this Goldman Sachs Recommended reading list
I’ve seen some great books in this list https://t.co/8VuxQOXsFF
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Offshore
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The Kobeissi Letter
BREAKING: The Nasdaq will soon offer 24-hour trading on its equities exchange, per Bloomberg. https://t.co/AELHcHwWNP
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BREAKING: The Nasdaq will soon offer 24-hour trading on its equities exchange, per Bloomberg. https://t.co/AELHcHwWNP
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Offshore
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Alvin
RT @sondesix: Get your Samsung Galaxy S25 Series here and save up to $1020 on your purchase. 👀
✅️ Galaxy S25: https://t.co/BvMPERu17L
✅️ Galaxy S25+: https://t.co/FtJIANio0i
✅️ Galaxy S25 Ultra: https://t.co/XYOQvERSpB
That also includes double storage upgrade for select models, an instant discount, and a trade-in cashback!
(SamsungPartner)
(US Only)
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RT @sondesix: Get your Samsung Galaxy S25 Series here and save up to $1020 on your purchase. 👀
✅️ Galaxy S25: https://t.co/BvMPERu17L
✅️ Galaxy S25+: https://t.co/FtJIANio0i
✅️ Galaxy S25 Ultra: https://t.co/XYOQvERSpB
That also includes double storage upgrade for select models, an instant discount, and a trade-in cashback!
(SamsungPartner)
(US Only)
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Offshore
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Finding Compounders
Growth and ROIC grow Value
Source: Valuation by McKinsey and Company https://t.co/7QpJNj8fFO
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Growth and ROIC grow Value
Source: Valuation by McKinsey and Company https://t.co/7QpJNj8fFO
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Offshore
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The Kobeissi Letter
The market's reaction to the jobs report is very telling:
S&P 500 futures surged as much as +40 points on a jobs report that was almost directly in-line with expectations.
Why?
Because markets have become increasingly emotional with elevated levels of fear.
Therefore, any jobs report that wasn't a complete disaster would result in a similar reaction.
Interest rate futures have also pushed rate cut expectations back to June 2024.
Fear is a powerful emotion.
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The market's reaction to the jobs report is very telling:
S&P 500 futures surged as much as +40 points on a jobs report that was almost directly in-line with expectations.
Why?
Because markets have become increasingly emotional with elevated levels of fear.
Therefore, any jobs report that wasn't a complete disaster would result in a similar reaction.
Interest rate futures have also pushed rate cut expectations back to June 2024.
Fear is a powerful emotion.
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Offshore
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Quiver Quantitative
JUST IN: Representative Tim Burchett has introduced a bill to ban stock trading by members of Congress, and their families.
Burchett does not own any stock, per our portfolio tracking. https://t.co/QjI1zyiqgO
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JUST IN: Representative Tim Burchett has introduced a bill to ban stock trading by members of Congress, and their families.
Burchett does not own any stock, per our portfolio tracking. https://t.co/QjI1zyiqgO
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The Investing for Beginners Podcast
ROIC > WACC for value creation
Measure using EVA (Economic Value Added)
EVA = NOPAT - (IC × WACC)
Where:
NOPAT = Net Operating Profit After Taxes
IC = Invested Capital
WACC = Weighted Average Cost of Capital
$MSFT example:
MSFT EVA = $71.8B - ($290.7B x 10%) = $42.7B
The formula can be interpreted as follows:
If EVA > 0: The company is creating value for shareholders
If EVA = 0: The company is breaking even
If EVA < 0: The company is destroying value for shareholders
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ROIC > WACC for value creation
Measure using EVA (Economic Value Added)
EVA = NOPAT - (IC × WACC)
Where:
NOPAT = Net Operating Profit After Taxes
IC = Invested Capital
WACC = Weighted Average Cost of Capital
$MSFT example:
MSFT EVA = $71.8B - ($290.7B x 10%) = $42.7B
The formula can be interpreted as follows:
If EVA > 0: The company is creating value for shareholders
If EVA = 0: The company is breaking even
If EVA < 0: The company is destroying value for shareholders
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Offshore
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The Kobeissi Letter
BREAKING: The Nasdaq 100 has officially ended its streak of 497 trading days above its 200-day average, the second-longest streak in history.
Yesterday, the Nasdaq 100 index closed below its 200-day moving average for the first time since March 12th, 2023.
After the previous stretch of ~450 days finished in January 2022, the Nasdaq 100 lost -5.7% over the next 2 weeks and -22.0% over the next year.
Every time the index has closed below its 200-day moving average after a long run and subsequently dropped over -3.5% within 2 weeks, a bear market followed, according to Sentimentrader.
On the other hand, when the decline was less than -3.5% within 2 weeks, the index saw positive returns over the next year.
History suggests the next 2 weeks are key for the market.
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BREAKING: The Nasdaq 100 has officially ended its streak of 497 trading days above its 200-day average, the second-longest streak in history.
Yesterday, the Nasdaq 100 index closed below its 200-day moving average for the first time since March 12th, 2023.
After the previous stretch of ~450 days finished in January 2022, the Nasdaq 100 lost -5.7% over the next 2 weeks and -22.0% over the next year.
Every time the index has closed below its 200-day moving average after a long run and subsequently dropped over -3.5% within 2 weeks, a bear market followed, according to Sentimentrader.
On the other hand, when the decline was less than -3.5% within 2 weeks, the index saw positive returns over the next year.
History suggests the next 2 weeks are key for the market.
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