Offshore
โ Dimitry Nakhla | Babylon Capitalยฎ RT @DimitryNakhla: Lam Research $LRCX Q3 Earnings Report๐ฏ Rev: $4.72B vs $4.59B estโ
| +24% YoY EPS: $1.04 vs $0.98 est โ
| +33% YoY Q4 Guidance โฌ๏ธ Rev: $5.00B est (+/- $300M) EPS: $1.20 est (+/- $0.10) https://t.co/BYYvCiYITKโฆ
๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ฏ๐ข๐๐ ๐ญ๐จ ๐ฆ๐๐๐ญ ๐ญ๐ก๐ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ง๐๐๐๐ฌ ๐จ๐ ๐๐ง๐ฒ ๐ข๐ง๐๐ข๐ฏ๐ข๐๐ฎ๐๐ฅ ๐จ๐ซ ๐ฌ๐ข๐ญ๐ฎ๐๐ญ๐ข๐จ๐ง. ๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐ ๐ข๐ฌ ๐ง๐จ ๐ ๐ฎ๐๐ซ๐๐ง๐ญ๐๐ ๐จ๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐ซ๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ.
๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ญ๐ฐ๐๐๐ญ ๐ก๐๐ฌ ๐๐๐๐ง ๐จ๐๐ญ๐๐ข๐ง๐๐ ๐๐ซ๐จ๐ฆ ๐ฌ๐จ๐ฎ๐ซ๐๐๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐๐ ๐ญ๐จ ๐๐ ๐ซ๐๐ฅ๐ข๐๐๐ฅ๐, ๐๐ฎ๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐ ๐ฎ๐๐ซ๐๐ง๐ญ๐๐๐ ๐๐ฌ ๐ญ๐จ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐๐ง๐๐ฌ๐ฌ ๐จ๐ซ ๐๐๐๐ฎ๐ซ๐๐๐ฒ. - Dimitry Nakhla | Babylon Capitalยฎ tweet
๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ญ๐ฐ๐๐๐ญ ๐ก๐๐ฌ ๐๐๐๐ง ๐จ๐๐ญ๐๐ข๐ง๐๐ ๐๐ซ๐จ๐ฆ ๐ฌ๐จ๐ฎ๐ซ๐๐๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐๐ ๐ญ๐จ ๐๐ ๐ซ๐๐ฅ๐ข๐๐๐ฅ๐, ๐๐ฎ๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐ ๐ฎ๐๐ซ๐๐ง๐ญ๐๐๐ ๐๐ฌ ๐ญ๐จ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐๐ง๐๐ฌ๐ฌ ๐จ๐ซ ๐๐๐๐ฎ๐ซ๐๐๐ฒ. - Dimitry Nakhla | Babylon Capitalยฎ tweet
Offshore
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โ The Kobeissi Letter
What type of goods does the US import from China?
63% of imported goods from China are final products such as clothing and electronics purchased by US consumers.
37% of US imports are intermediate goods that are exploited in US production.
These goods are particularly used in the machinery, tool, and auto industries.
Meanwhile, US small and medium businesses account for 41% of imports from China.
Therefore, a significant surge in tariffs on China will increase not only the prices of imported goods, but also the production costs for domestic companies.
We expect to see price increases if tariffs are sustained.
tweet
What type of goods does the US import from China?
63% of imported goods from China are final products such as clothing and electronics purchased by US consumers.
37% of US imports are intermediate goods that are exploited in US production.
These goods are particularly used in the machinery, tool, and auto industries.
Meanwhile, US small and medium businesses account for 41% of imports from China.
Therefore, a significant surge in tariffs on China will increase not only the prices of imported goods, but also the production costs for domestic companies.
We expect to see price increases if tariffs are sustained.
tweet
Offshore
Photo
โ The Kobeissi Letter
BREAKING: US Treasury funds posted a record ~$19 billion in net inflows last week.
This surpassed the previous high of ~$14 billion seen during the 2020 pandemic.
As a result, the 4-week moving average jumped to ~$7 billion, the highest since March 2023.
Meanwhile, the 30-year Treasury yield is down nearly 30 basis points from its April high.
The US bond market is stabilizing.
tweet
BREAKING: US Treasury funds posted a record ~$19 billion in net inflows last week.
This surpassed the previous high of ~$14 billion seen during the 2020 pandemic.
As a result, the 4-week moving average jumped to ~$7 billion, the highest since March 2023.
Meanwhile, the 30-year Treasury yield is down nearly 30 basis points from its April high.
The US bond market is stabilizing.
tweet