⁠The Kobeissi Letter
BREAKING: Nvidia, $NVDA, CEO Jensen Huang says the market's understanding of DeepSeek R1 is "completely wrong."

Huang says demand for computing remains "extremely high" and reasoning AI is increasing computing demand. https://t.co/eX60ODi3NH
tweet

⁠The Investing for Beginners Podcast
4 Profitability Ratios All Investors Need to Know

Let's dig in. https://t.co/SGfGBxoVts
tweet

⁠The Kobeissi Letter
Rate cut expectations are DROPPING again:

Heading into this week, prediction markets saw a base case of 3 interest rate cuts in 2025.

Now, the base case is falling sharply with a median forecast of just 2.6 cuts, per @Kalshi.

Odds of a rate cut before June 2025 are now back below 20%.

All eyes are on the Fed today.
tweet

⁠Stock Analysis Compilation
Highwood Value Partners on Protector Forsikring $PROT NO

Thesis: Protector Forsikring is a mid-cap Norwegian P&C insurer with strong growth, a valuable float from profitable earnings, and successful expansion into the UK and upcoming entry into France.

(Extract from their Q4 letter)
tweet

⁠Dimitry Nakhla | Babylon Capital®
Novo Nordisk stock trades near its lowest valuation in the last 5 years, almost hitting its bottom at the peak of pessimism during the 2020 stock market crash

This is despite strong double-digit EPS growth estimates through 2027

$NVO https://t.co/wGdJpfsVO3
tweet

⁠Investing visuals
$NVDA GTC keynote highlights:

🔹Blackwell Ultra chip set for H2 2025
🔹3.6M Blackwell units ordered by cloud giants in 2025
🔹$1T data center capEx by 2028 expected
🔹GROOT N1 model leads robotics, diversifies revenue
🔹GM partnership cements $NVDA's role in autonomy https://t.co/jUXczA6BoP
tweet

⁠Quiver Quantitative
JUST IN: Senator Tina Smith sold her full $250K position in Pepsi stock on February 11th.

This was just two days before RFK Jr. was confirmed to the cabinet.

Smith sits on the Senate Committee on Health.
tweet

⁠App Economy Insights
📺 US TV Time February 2025:

Streaming 43.5% (+5.8pp Y/Y).

• YouTube 11.6% (+2.3pp Y/Y).
• Netflix 8.2% (+0.4pp Y/Y).
• Disney apps 4.8% (+0.1pp Y/Y).
• Prime Video 3.5% (+0.7pp Y/Y).
• Roku Channel 2.1% (+0.9pp Y/Y).
$GOOG $NFLX $AMZN $DIS $ROKU
Source: Nielsen. https://t.co/GoFxk89jod
tweet

⁠The Investing for Beginners Podcast
Compounding machines.

We all want them, hard to find.

Look for those with high ROIC + reinvestment rates. https://t.co/prY2t76wvE
tweet

⁠The Kobeissi Letter
SUMMARY OF FED DECISION (3/19/2025):

1. Fed leaves rates unchanged for 2nd straight meeting

2. Fed says uncertainty around economy has increased

3. Median forecast shows 50 bps of rate cuts in 2025

4. Fed to slow balance sheet runoff beginning April 1st

5. Fed sharply reduces 2025 growth projections

6. Fed marks up their 2025 inflation forecast

The Fed PAUSE officially continues.
tweet