Special Situations 🌐 Newsletter (Jay Singh III)
*ERICSSON SHARES EXTEND DECLINE TO 11% TO LOWEST SINCE MARCH 2020, ON WEAK EARNINGS / MARGINS

DNB expects estimates for 2023 EPS to fall 8%-10%

Cevian owns 4.9% of co & says valuation embarrassingly low. But does valuation matter in ST on such a sharp EPS miss & uncertainty? https://t.co/t82FSDV19e
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Special Situations 🌐 Newsletter (Jay Singh III)
Fastenal $FAST not only declined 7% after the industrial distributor called out slowing demand in May/June, it pulled down peers $GWW and $MSM as well...

Wait for earnings before calling bottoms! The declines have barely begun!
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Special Situations 🌐 Newsletter (Jay Singh III)
Earnings: JPMorgan $JPM, Morgan Stanley $MS and Cintas $CTAS are among the U.S. companies expected to report results on July 14th. Looking forward to listening to $JPM webcast at 830am et https://t.co/RGwR8AeZxD
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Special Situations 🌐 Newsletter (Jay Singh III)
Germany will stop importing Russian coal from August 1 and crude oil from December 31, the country's deputy finance minister, Joerg Kukies said today, as quoted by Reuters. Good luck and God bless this winter! $LNG
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Special Situations 🌐 Newsletter (Jay Singh III)
US equities barely moved on CPI day, but S&P 500 futures now down 1%, Russell down 1.3%, and WTI crude down 2.5% this morning. Good luck out there today! https://t.co/IZtvyqWJ5K
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Special Situations 🌐 Newsletter (Jay Singh III)
*JPMORGAN $JPM 2Q EPS MISS $2.76, EST. $2.88
*JPMORGAN TEMPORARILY SUSPENDS SHARE BUYBACKS AFTER STRESS TEST
*JPMORGAN 2Q INVESTMENT BANKING REV. $1.35B, EST. $1.92B
STANDARDIZED CET1 RATIO 12.2%, EST. 12%
**Adj revenue $31.63B, est $31.97B
Return on equity 13%, estimate 13.5%
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Frank Taber
Thread/

My portfolio returns since inception & my reflection on my investing approach so far.

I indexed for ~6 years before active investing. These are my results as an active investor.

CY20: +65.4% (inception May)
CY21: +23.3%
YTD: -7.3%

Annualised Return: 31% https://t.co/nmhMsL5btI
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10-K Diver
Folks, here’s our latest Money Concepts episode with @Gautam__Baid.

For about an hour and 20 minutes, we spoke about The Joys Of Compounding, investing in India, and how to manage other peoples’ money successfully.

Link: https://t.co/Rw6kcFkcl2

My notes from the episode: https://t.co/2rpi6N4DZV
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Special Situations 🌐 Newsletter (Jay Singh III)
Another bank miss...

*MORGAN STANLEY $MS MISS 2Q NET REV. $13.1B, EST. $13.33B VS. $14.8 Y/Y
*MORGAN STANLEY 2Q ADJ EPS $1.44, EST. $1.57 VS. $1.85 Y/Y
*MORGAN STANLEY 2Q EQUITY NET FLOWS -$7.4 BILLION
*MS 2Q INSTITUTIONAL INVESTMENT BANKING REV. $1.07B, EST. $1.27B
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Ramneek
We’ve begun subtracting 9.1 already. Dayum, Fintwit’s quick and longterm. https://t.co/XCUuhzZ07b
No meaningful bounce for S&P 500’s real earnings yield, which remains near lowest on record https://t.co/RYqxaFlz9J - Liz Ann Sonders
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Special Situations 🌐 Newsletter (Jay Singh III)
How does the Fed's soft landing look right now...? We have just started earnings season...
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Paul Graham
RT @JohnDCook: "In general you [become successful] not by knowing what the experts know but by learning what they think is beneath them." -- George Gilder
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