Independent Research, US Dominant Players, Investment Talk

Investment Talk

Independent Research, US Dominant Players

Investment Talk is for readers who wish to learn about companies that are potentially outside of their own circle of research, as well as those who are longing to become part of a community of like-minded investors and learn more about investment research. I would describe myself as a long-term investor who typically takes a 3Y to 5Y outlook, before reassessing once that period matures. I follow the adage that one should research, reach a conclusion, and then verify and continue to hold so long as the thesis remains intact. My own investing style is one that seeks to find dominant players within their respective market who have shown signs of monopoly or oligopolistic behaviour, unlikely to be disrupted, in tandem with discovering market disruptors who have a high likelihood of disrupting their respective market. Equally (and weighted accordingly) I seek to discover more nuanced, misunderstood, situations with a shorter time frame.

Thematic (Sector/Industry)

<ul><li>You might have heard the news that Nasdaq Inc announced1 a “special rebalance” for the Nasdaq 100; an index which tracks the largest technology stocks across a range of America’s sectors.</li><li>This reshuffle seeks to “address overconcentration in the index by redistributing the weights”; specifically the weightings of the Big 7 (Google, Microsoft, Apple, Nvidia, Amazon, Tesla, and Meta) who, together, account for ~54% of the index.</li><li>The rebalance will be based on the shares outstanding as of July 3rd, and changes are expected to be announced on July 14th; taking effect by July 24th2.</li></ul>

You might have heard the news that Nasdaq Inc announced1 a “special rebalance” for the Nasdaq 100; an index which tracks the largest technology stocks across a range of America’s sectors.This reshuffle seeks to “address overconcentration in the index by redistributing the weights”; specifically the weightings of the Big 7 (Google, Microsoft, Apple, Nvidia, Amazon, Tesla, and Meta) who, together, account for ~54% of the index.The rebalance will be based on the shares outstanding as of July 3rd, and changes are expected to be announced on July 14th; taking effect by July 24th2.

The Nasdaq's Special Rebalance Is Not So Special

CEO, ByteTree Asset Management

ByteTree Asset Management

Specialising in Bitcoin, Gold and Digital Assets

Investment Manager specialising in bitcoin, gold and digital assets

Equity Bottom-Up

<ul style="list-style-type: disc;"><li>Apple is the most perfect company, with huge cashflow and a dominant market position. It can do no wrong.</li><li>UK institutional investors and regulators have turned the FTSE into a “Jurassic Index”, as Paul Marshall described it, which is dominated by banks, oil and mining while lacking technology stocks.</li><li>And since oil and mining have become pariahs, what will be left?</li></ul>

Apple is the most perfect company, with huge cashflow and a dominant market position. It can do no wrong.UK institutional investors and regulators have turned the FTSE into a “Jurassic Index”, as Paul Marshall described it, which is dominated by banks, oil and mining while lacking technology stocks.And since oil and mining have become pariahs, what will be left?

Independent Investment Research & Investor, Maverick Equity Research

Maverick Equity Research

Independent Investment Research & Investor

Independent Investment Research & Investor: value, dividend and growth stocks. Risk management & hedging for an all weather portfolio.

<ul><li>1st chart shows us the 2023 % returns &amp; the holdings weightings while the 2nd table is a return attribution analysis which tells us exactly that 10.25% (1025 b.p basis points) are due to just 7 stocks, the M7 (Magnificent Seven) tech stocks: Apple, Microsoft, Nvidia, Amazon, Tesla, Meta/Facebook &amp; Google/Alphabet. Let that sink in!</li><li>The laggard are the following top 7 stocks: their weight is small in the index, but note the individual returns which are materially negative in 2023</li><li>To continues smoothly here, the S&amp;P 500 with the stocks above their 52-week lows &amp; below their 52-week highs: tech, AI, semiconductors and consumer discretionary are leading and hot, while energy, cruises &amp; travel cooled off in the last year</li></ul>

1st chart shows us the 2023 % returns &amp; the holdings weightings while the 2nd table is a return attribution analysis which tells us exactly that 10.25% (1025 b.p basis points) are due to just 7 stocks, the M7 (Magnificent Seven) tech stocks: Apple, Microsoft, Nvidia, Amazon, Tesla, Meta/Facebook &amp; Google/Alphabet. Let that sink in!The laggard are the following top 7 stocks: their weight is small in the index, but note the individual returns which are materially negative in 2023To continues smoothly here, the S&amp;P 500 with the stocks above their 52-week lows &amp; below their 52-week highs: tech, AI, semiconductors and consumer discretionary are leading and hot, while energy, cruises &amp; travel cooled off in the last year

The S&P 500 Report: Performance, Profitability, Valuation & Key Metrics - Ed #2

Concise Playbook for the Week, Global Markets Playbook

Kevin George

Concise Playbook for the Week

Global Markets Playbook

I am an active trader in stocks, FX and commodities with over 15 years' market experience. I hold a master's degree in finance and have developed a strong skill base in technical analysis. 

Alongside technical setups I will provide earnings analysis, company valuation analysis and macroeconomic studies for the key market releases.

<ul>
<li>Apple's stock reached an all-time high ahead of the 2023 Worldwide Developer Conference.</li>
<li>The company unveiled its mixed-reality headset, Apple Vision Pro, which could revolutionize communications and be a game-changer for the metaverse.</li>
<li>McKinsey predicts that the headset could be a $5 trillion opportunity by 2030.</li>
</ul>


Apple's stock reached an all-time high ahead of the 2023 Worldwide Developer Conference.
The company unveiled its mixed-reality headset, Apple Vision Pro, which could revolutionize communications and be a game-changer for the metaverse.
McKinsey predicts that the headset could be a $5 trillion opportunity by 2030.


History Could Repeat For Apple With A Hardware High

Invesco QQQ Trust Series 1 / Equity Bottom-Up

<ul><li>First of all, let’s see how the Nasdaq-100 (QQQ) did in 2023 along with the S&amp;P 500 (SPY) and the Dow Jones (DIA): QQQ with a big 21.64% return in 2023 &amp; outperforming by a big margin the other 2 main indices.</li><li>For an even broader perspective, US indices 2023 performance shown in this order: Nasdaq 100 (NDX) &gt; S&amp;P 500 (SPX) &gt; S&amp;P Midcap 400 MID &gt; Russel 2000 (RTY) &gt; Russell Microcap (RMICRO).</li><li>In short, from Megacaps &gt; to Microcaps: Nasdaq 100 (NDX) leading by a big margin.</li></ul>

First of all, let’s see how the Nasdaq-100 (QQQ) did in 2023 along with the S&amp;P 500 (SPY) and the Dow Jones (DIA): QQQ with a big 21.64% return in 2023 &amp; outperforming by a big margin the other 2 main indices.For an even broader perspective, US indices 2023 performance shown in this order: Nasdaq 100 (NDX) &gt; S&amp;P 500 (SPX) &gt; S&amp;P Midcap 400 MID &gt; Russel 2000 (RTY) &gt; Russell Microcap (RMICRO).In short, from Megacaps &gt; to Microcaps: Nasdaq 100 (NDX) leading by a big margin.

Getting Tactical with Nasdaq-100 NDX ($QQQ): Valuation Disconnected Via Its Cost of Capital

United States

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related accessories. The Company also offers payment, digital content, cloud and advertising services. Apple Inc.'s customers are primarily in consumer, small & mid-sized business, education, enterprise and government markets worldwide.

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Apple (AAPL US)

The Nasdaq's Special Rebalance Is Not So Special

The rebalance will be based on the shares outstanding as of July 3rd, and changes are expected to be announced on July 14th; taking effect by July...

Investment Talk

Apple Is Worth More Than the FTSE 100

UK institutional investors and regulators have turned the FTSE into a “Jurassic Index”, as Paul Marshall described it, which is dominated by banks,...

ByteTree Asset Management

The S&P 500 Report: Performance, Profitability, Valuation & Key Metrics - Ed #2

The laggard are the following top 7 stocks: their weight is small in the index, but note the individual returns which are materially negative in 2023

Maverick Equity Research

History Could Repeat For Apple With A Hardware High

The company unveiled its mixed-reality headset, Apple Vision Pro, which could revolutionize communications and be a game-changer for the metaverse.

Kevin George

Getting Tactical with Nasdaq-100 NDX ($QQQ): Valuation Disconnected Via Its Cost of Capital

Gap opened up possibilities: Hedge, Sell, Trim, Short Sell, Collar. First of all, let’s see how the Nasdaq-100 (QQQ) did in 2023 along with the S&P...

Maverick Equity Research

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