Offshore
Video
App Economy Insights
🔥 Holy sh*t Black Friday is here!
📊 How They Make Money Premium.
👀 50% off — $199 → $99/year today.
Unlock thousands of visuals.
Weekly breakdowns and deep dives. https://t.co/hPl4bDyAoo
tweet
🔥 Holy sh*t Black Friday is here!
📊 How They Make Money Premium.
👀 50% off — $199 → $99/year today.
Unlock thousands of visuals.
Weekly breakdowns and deep dives. https://t.co/hPl4bDyAoo
tweet
Offshore
Photo
WealthyReadings
🚨 $NVO hits a new yearly low after disappointing data from its Alzheimer’s trial.
Everyone told you to buy the dip. At $90. At $80. They’ll keep saying it. They'll evetually be right. Broken clocks are right twice a day.
At what costs? Financially and mentally?
Cheap usually gets cheaper. And nobody tells you to be patient.
These trials were supposed to be the next big catalyst, the lever of growth many were banking on. That wasn’t analysis… that was investing on hope. Now many are hoping their shares will magically bounce.
Impatience is expensive. Discipline isn’t.
I'll buy $NVO one day. I am convinced of it. But it isn't today and won't be tomorrow. It will be when we can invest on data and an uptrend, not hope.
tweet
🚨 $NVO hits a new yearly low after disappointing data from its Alzheimer’s trial.
Everyone told you to buy the dip. At $90. At $80. They’ll keep saying it. They'll evetually be right. Broken clocks are right twice a day.
At what costs? Financially and mentally?
Cheap usually gets cheaper. And nobody tells you to be patient.
These trials were supposed to be the next big catalyst, the lever of growth many were banking on. That wasn’t analysis… that was investing on hope. Now many are hoping their shares will magically bounce.
Impatience is expensive. Discipline isn’t.
I'll buy $NVO one day. I am convinced of it. But it isn't today and won't be tomorrow. It will be when we can invest on data and an uptrend, not hope.
$NVO is NOT cheap and NOT a buy right now.
GLP-1 was supposed to drive growth but market share is slipping in favor of competition. Growth guidance was cut twice and there are no near-term catalysts nor clarity on what the future will be like.
Lower growth → lower cash generation → lower multiples.
This is how the market works. Comparing today's valuation to the last two years' is like comparing apples to bananas. Conditions changed.
$NVO is a fantastic company. Just not a great stock, yet. There are no reasons to rush any purchase, better be patient. tweet
Offshore
Photo
WealthyReadings
$BABA new AI-centric app just crossed 10M+ downloads in its first week.
If $BABA manages to convert retail momentum into B2C monetization with subscriptions, in-app purchases & co within its massive ecosystem, well…
Then let’s just say: I’m very happy to be invested.
tweet
$BABA new AI-centric app just crossed 10M+ downloads in its first week.
If $BABA manages to convert retail momentum into B2C monetization with subscriptions, in-app purchases & co within its massive ecosystem, well…
Then let’s just say: I’m very happy to be invested.
🚨Just in: $BABA is building its own “everything AI app” powered by its in-house model, Qwen.
This app should be fully AI-powered and integrate all features of Chinese super-aps, with similar ambition to American companies but much bigger potential due to this centralisation.
Chinese super apps already include social media, e-commerce, banking, entertainment & more. This gives $BABA access to more data & agentic capabilities than what can be done in the west with a decentralised ecosystem.
The focus is the same though: to tap on consumers and build profitable B2C AI services and not only monetize their AI models and capacities through compute usage or API calls.
As a reminder, Qwen is widely used aronud the enterprise world and known as one of the best opened source AI model. tweet
Offshore
Photo
EndGame Macro
Dallas Manufacturing Shows a Surge on Paper, Weakness Underneath
The Dallas manufacturing report looks upbeat on the surface with production jumps, capacity use jumps, shipments jump. If you only skim the headline, you walk away thinking Texas factories are gearing up for a real expansion. But when you actually read through the details, a very different story appears. Firms can push out more product, sure, but almost every signal tied to demand, sentiment, and financial health is pointing the other way. It’s the kind of pattern you see late in a cycle, not at the beginning of one.
Production at 20.5 is a real move, no denying it. But new orders at 4.8, only barely above their long run average, don’t support a story of booming demand. And the growth rate of orders is still negative at –1.3 which tells you order books are shrinking, just at a slower pace. Inventory levels keep falling (–14.3), which isn’t what you see when firms expect strong demand ahead. And the backlog is still firmly negative (–6.6), meaning companies are clearing more than they’re getting. That’s not expansion pressure, that’s slack.
What really gives the game away is sentiment. General business activity drops deeper into the red (–10.4) and the company outlook index falls again (–6.3). It’s hard to call something a pickup when the people running the businesses say the environment is getting worse.
The Labor and Margin Picture Is the Tell
Employment is basically flat (1.2). Firms aren’t hiring into this so called surge, they’re stretching the people they already have. Hours worked jump (9.9), and the special questions show something even more telling…only 27% of businesses plan to hire, the lowest share since this question was introduced. And the number of firms saying they’re overstaffed is the highest yet. That’s not a labor shortage. That’s hesitation. That’s a sector unsure if demand will justify the payroll six months from now.
Margins underline the same fragility. More firms saw margin declines than increases over the last six months, and that weakness was sharpest for retailers (53% reported declines). Raw material costs keep climbing (35.3) while prices received for finished goods (10.8) aren’t keeping up. Wage growth is stable but not strong. This is what it looks like when inflation is slowing on the surface but cost pressures haven’t really gone away and pricing power has.
You also see the strain in the comments. Some firms say demand has fallen in half, others describe distributors going out of business, project delays into 2026, imported parts undercutting domestic production, and a consumer market stuck in uncertainty. None of that sounds like an economy gaining strength. It sounds like firms bracing.
And yet, future expectations look positive on paper. Future production at 33.7, future orders at 39.2, future activity at 11 all green. But look at future capital expenditures: they collapse from 26.8 to 12.9, far below average. That’s the part executives can’t talk up. If they really believed the next six months would be strong, capex would be moving the other way. It’s not.
Where This Leaves Us
If you put the whole thing together, the jump in output, the flat employment, the soft orders, the margin pressure, the cautious comments, and the collapsing capex plans you end up with a pretty clear picture. This isn’t a sign of a manufacturing revival. It’s a sign of firms squeezing what they can out of existing capacity while the underlying demand picture stays weak. They’re hoping things get better in 2026, but they’re not betting on it.
And that’s the contradiction in this report. The headline says acceleration, but the internals point to a system that’s still slowing, one that’s leaning heavily on productivity gains, longer hours, and leaner inventories to keep numbers in the green. It’s late cycle behavior dressed up as momentum.
tweet
Dallas Manufacturing Shows a Surge on Paper, Weakness Underneath
The Dallas manufacturing report looks upbeat on the surface with production jumps, capacity use jumps, shipments jump. If you only skim the headline, you walk away thinking Texas factories are gearing up for a real expansion. But when you actually read through the details, a very different story appears. Firms can push out more product, sure, but almost every signal tied to demand, sentiment, and financial health is pointing the other way. It’s the kind of pattern you see late in a cycle, not at the beginning of one.
Production at 20.5 is a real move, no denying it. But new orders at 4.8, only barely above their long run average, don’t support a story of booming demand. And the growth rate of orders is still negative at –1.3 which tells you order books are shrinking, just at a slower pace. Inventory levels keep falling (–14.3), which isn’t what you see when firms expect strong demand ahead. And the backlog is still firmly negative (–6.6), meaning companies are clearing more than they’re getting. That’s not expansion pressure, that’s slack.
What really gives the game away is sentiment. General business activity drops deeper into the red (–10.4) and the company outlook index falls again (–6.3). It’s hard to call something a pickup when the people running the businesses say the environment is getting worse.
The Labor and Margin Picture Is the Tell
Employment is basically flat (1.2). Firms aren’t hiring into this so called surge, they’re stretching the people they already have. Hours worked jump (9.9), and the special questions show something even more telling…only 27% of businesses plan to hire, the lowest share since this question was introduced. And the number of firms saying they’re overstaffed is the highest yet. That’s not a labor shortage. That’s hesitation. That’s a sector unsure if demand will justify the payroll six months from now.
Margins underline the same fragility. More firms saw margin declines than increases over the last six months, and that weakness was sharpest for retailers (53% reported declines). Raw material costs keep climbing (35.3) while prices received for finished goods (10.8) aren’t keeping up. Wage growth is stable but not strong. This is what it looks like when inflation is slowing on the surface but cost pressures haven’t really gone away and pricing power has.
You also see the strain in the comments. Some firms say demand has fallen in half, others describe distributors going out of business, project delays into 2026, imported parts undercutting domestic production, and a consumer market stuck in uncertainty. None of that sounds like an economy gaining strength. It sounds like firms bracing.
And yet, future expectations look positive on paper. Future production at 33.7, future orders at 39.2, future activity at 11 all green. But look at future capital expenditures: they collapse from 26.8 to 12.9, far below average. That’s the part executives can’t talk up. If they really believed the next six months would be strong, capex would be moving the other way. It’s not.
Where This Leaves Us
If you put the whole thing together, the jump in output, the flat employment, the soft orders, the margin pressure, the cautious comments, and the collapsing capex plans you end up with a pretty clear picture. This isn’t a sign of a manufacturing revival. It’s a sign of firms squeezing what they can out of existing capacity while the underlying demand picture stays weak. They’re hoping things get better in 2026, but they’re not betting on it.
And that’s the contradiction in this report. The headline says acceleration, but the internals point to a system that’s still slowing, one that’s leaning heavily on productivity gains, longer hours, and leaner inventories to keep numbers in the green. It’s late cycle behavior dressed up as momentum.
tweet
Offshore
Photo
WealthyReadings
Investing $10,000 in $NVDA or $BTC a decade ago would leave you with ~$2.5M today.
What assets will have comparable returns in the next decade? https://t.co/ODdWW0Tysi
tweet
Investing $10,000 in $NVDA or $BTC a decade ago would leave you with ~$2.5M today.
What assets will have comparable returns in the next decade? https://t.co/ODdWW0Tysi
tweet
Offshore
Photo
EndGame Macro
If I were a New Jersey state pensioner, I’d be livid. This isn’t some bold, visionary allocation, it’s the kind of reach for return move pensions make when the math quietly stops working. And let’s be honest…it’s more likely than not that almost every major pension fund in the country is underfunded, and the only way they make the books look stable is by smoothing the gaps with aggressive actuarial assumptions and unrealistically high expected returns. When you start sliding into private equity, venture exposure, or speculative high beta names like this, it’s usually the result of pressure. They need big returns just to stay solvent, and that should worry the people depending on these systems the most.
tweet
If I were a New Jersey state pensioner, I’d be livid. This isn’t some bold, visionary allocation, it’s the kind of reach for return move pensions make when the math quietly stops working. And let’s be honest…it’s more likely than not that almost every major pension fund in the country is underfunded, and the only way they make the books look stable is by smoothing the gaps with aggressive actuarial assumptions and unrealistically high expected returns. When you start sliding into private equity, venture exposure, or speculative high beta names like this, it’s usually the result of pressure. They need big returns just to stay solvent, and that should worry the people depending on these systems the most.
JUST IN: $95 billion U.S. New Jersey State Pension Fund increased its position in Strategy $MSTR to $16 million. https://t.co/9e4PmIcbts tweet
Offshore
Photo
WealthyReadings
$TMDX above $150 means $TMDX above $180.
tweet
$TMDX above $150 means $TMDX above $180.
🚨 $TMDX is dirt cheap, and I don’t say that often.
Financials are strong. Growth is strong. Multiples are reasonable. And we’re set up for a Q4 beat.
Here’s why $TMDX will go higher, why they’ll likely beat FY expectations and why it is one of the best buy on the market 👇
Quarter flight numbers so far.
🔹October: 773 flights → 24.9 per day
🔹November to date: 317 flights → 26.4 per day
🔹Q4 to date: 1,090 flights → 25.3 per day
As of today, not even halfway through Q4, $TMDX has generated around $74.4M in revenue, roughly half of what’s needed to hit the low end of its FY guidance - which has already been raised three times this year.
This comes after just 43 days, with 49 days left in the quarter.
At the current pace of 25.3 flights per day, they’re on track for.
≈ 2,330 flights total in Q4
≈ $159M in revenue
That would push FY25 revenue toward the high end of their guidance without any acceleration in flight frequency.
And december is historically the strongest month of the quarter, and the second strongest of the year in terms of transplant activity and flight data for $TMDX.
So if they simply maintain this rhythm, they’ll hit the high end of their guidance and if flights accelerate - as history suggests, we're up for a beat.
That being said, my calculations aren't perfect, nothing really is, but there are reasons to expect a strong quarter based on today data for $TMDX.
All while the stock trades at its lowest multiples in years, with many bullish catalysts ahead.
🔹 Rapid growth & expanding margins
🔹 Recession proof business model
🔹 Multiple short-term growth verticals
🔹 Strong winter seasonality
🔹 Competition acquirerd 20×+ sales
You'll find everything you need to build your convictions just below 👇 tweet
Offshore
Photo
Quiver Quantitative
Wow.
This summer, a stock trade by Representative Robert Bresnahan caught our eye.
We posted this report.
$CRDO has now risen 104% since his trade.
tweet
Wow.
This summer, a stock trade by Representative Robert Bresnahan caught our eye.
We posted this report.
$CRDO has now risen 104% since his trade.
BREAKING: Representative Robert Bresnahan just filed dozens of new trades.
One of them stood out:
A purchase of Credo Technology Group stock, $CRDO.
Credo build infrastructure for data centers. This is the first time we have seen Bresnahan buy it.
Full trade list on Quiver. https://t.co/9W13csSee9 tweet
Offshore
Video
Quiver Quantitative
BREAKING: The Department of War has said that it may recall Senator Mark Kelly to active duty for a court martial for appearing in this video. https://t.co/VIW2BJvVWa
tweet
BREAKING: The Department of War has said that it may recall Senator Mark Kelly to active duty for a court martial for appearing in this video. https://t.co/VIW2BJvVWa
tweet