Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

Equity Bottom-Up

Meta Platforms (Facebook) / Equity Bottom-Up

<ul>
<li>Despite the positives, we are worried about a potential nominal earnings decline and its effect on Meta's price multiples.</li>
<li>The company's second quarter financial results communicate robust growth.</li>
<li>However, risks remain, and we are concerned about the potential nominal Earnings decline and the effect onMeta's priceMultiples.</li>
</ul>


Despite the positives, we are worried about a potential nominal earnings decline and its effect on Meta's price multiples.
The company's second quarter financial results communicate robust growth.
However, risks remain, and we are concerned about the potential nominal Earnings decline and the effect onMeta's priceMultiples.


Meta: Making Sense Of Its Q2 Highs And Lows

Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

<ul><li>Facebook exceeded 3 Bn MAU for the first time, and MAP is now approaching 4 Bn.</li><li>DAU/MAU engagement looks steady across all regions.</li><li>While ARPU exhibited considerable strength, please note the material weakness in YoY comparison.</li></ul>

Facebook exceeded 3 Bn MAU for the first time, and MAP is now approaching 4 Bn.DAU/MAU engagement looks steady across all regions.While ARPU exhibited considerable strength, please note the material weakness in YoY comparison.

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>Qualcomm has announced a partnership with Meta to run the Llama 2 Large Language Model on mobile devices and PCs from 2024 on.</li>
<li>The deal could open up a new wave of LLM usage for everyday consumers on mobile, PC, and VR/AR headsets, potentially boosting Qualcomm's market position.</li>
<li>In the year’s artificial intelligence gold rush, Nvidia (NVDA) surged to a $1 trillion market cap.</li>
</ul>


Qualcomm has announced a partnership with Meta to run the Llama 2 Large Language Model on mobile devices and PCs from 2024 on.
The deal could open up a new wave of LLM usage for everyday consumers on mobile, PC, and VR/AR headsets, potentially boosting Qualcomm's market position.
In the year’s artificial intelligence gold rush, Nvidia (NVDA) surged to a $1 trillion market cap.


Qualcomm: A Sleeper Stock For Potentially Big AI Gains

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>So far in 2023, mega-cap growth names such as Meta, Nvidia, Microsoft, and Netflix have continued to provide market leadership resulting in a 41% YTD gain in the QQQ ETF.</li><li>However, last week saw notable rotation away from technology (XLK) to the healthcare, energy, and financial sectors.</li><li>This came off the backs of notable technology heavyweights Tesla and Netflix earnings reports and investors selling off these names after their earnings prints this week.</li></ul>

So far in 2023, mega-cap growth names such as Meta, Nvidia, Microsoft, and Netflix have continued to provide market leadership resulting in a 41% YTD gain in the QQQ ETF.However, last week saw notable rotation away from technology (XLK) to the healthcare, energy, and financial sectors.This came off the backs of notable technology heavyweights Tesla and Netflix earnings reports and investors selling off these names after their earnings prints this week.

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.

<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 <strong>“address overconcentration in the index by redistributing the weights”</strong>; specifically the weightings of the Big 7 <em>(Google, Microsoft, Apple, Nvidia, Amazon, Tesla, and Meta)</em> 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

United States

Meta Platforms Inc. operates as a social technology company. The Company builds applications and technologies that help people connect, find communities, and grow businesses. meta Platform is also involved in advertisements, augmented and virtual reality.

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Meta Platforms (Facebook) (META US)

Meta: Making Sense Of Its Q2 Highs And Lows

Despite the positives, we are worried about a potential nominal earnings decline and its effect on Meta's price multiples.

Pearl Gray Equity and Research

Meta 2Q'23 Earnings Update

Facebook exceeded 3 Bn MAU for the first time, and MAP is now approaching 4 Bn. DAU/MAU engagement looks steady across all regions.

MBI Deep Dives

Qualcomm: A Sleeper Stock For Potentially Big AI Gains

Qualcomm has announced a partnership with Meta to run the Llama 2 Large Language Model on mobile devices and PCs from 2024 on.

Kevin George

Weekly Stock Bullfinder - Week of 7/24

So far in 2023, mega-cap growth names such as Meta, Nvidia, Microsoft, and Netflix have continued to provide market leadership resulting in a 41%...

Weekly Stock Bull Finder

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

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