In today’s briefing:
- No April Fools! April 2024 Was the Hottest Month in 175 Years. Is Weather the Largest Black Swan?
- Themes of India: The Evolution of Senior Care- Trends and Opportunities
- #10 India Insight: Repo Rate Unchanged, Adani Ports LOI,Tata Steel, Air India-Vistara Merger
- [Blue Lotus Daily]:NIO US/LI US/XPEV US/1211 HK/1810 HK
- A trading framework: Calling the recoil
- #14Business Buzz: Microsoft FTC Probe, TXSE Group Challenges NYSE, Aramco Aids Saudi Transformation
- AUCTUS ON FRIDAY – 07/06/2024
No April Fools! April 2024 Was the Hottest Month in 175 Years. Is Weather the Largest Black Swan?
- April marked the record-breaking streak of eleventh consecutive month of record-high global temperatures and the 48th consecutive April above the 20th-century average.
- NOAA predicts a 61% chance that 2024 will be the warmest year on record and a 100% chance it will rank in the top five.
- One hundred national records have been broken for extreme heat since 2014. Death Valley in US holds record at 54.4C. Competition to break that is not too far.
Themes of India: The Evolution of Senior Care- Trends and Opportunities
- Rapid growth in India’s senior living sector, fueled by demographic changes and preferences for quality elderly care and lifestyle options.
- India’s rising needs of senior care and startups and listed companies growing in the space
- Under penetrated market, evolving needs and preferences of seniors; underscores investment potential in senior living; emphasizes the importance of specialized care for ageing populations.
#10 India Insight: Repo Rate Unchanged, Adani Ports LOI,Tata Steel, Air India-Vistara Merger
- RBI keeps the repo rate at 6.5% for the eighth consecutive meeting.
- Adani Ports & Special Economic Zone (ADSEZ IN) secured a Letter of Intent for Kolkata Port’s container terminal.
- Tata Steel Ltd (TATA IN) in talks with Dutch government for €3 billion decarbonisation funding.
[Blue Lotus Daily]:NIO US/LI US/XPEV US/1211 HK/1810 HK
- NIO US: NIO’s losses expanded in the first quarter of 2024, and C2Q likely will see better numbers.(/)
- NIO US: Nio plans to launch the 3rd brand in December to target low end market.(/)
- LI US: LI L6 production capacity ramps up and delivery cycle shortens(+)
A trading framework: Calling the recoil
- Regular readers of this blog may know that I love tinkering with setups.
- Recent profitable ideas of late have come from identifying mispriced situations primed for profit e.g. TDS-PV and FF .
- Whilst a lot of focus in investing is on deep diving the fundamentals, the first easy pennies are often acquired via identification of a profitable set-up and thus, being able to identify profitable patterns is an important skill to hone.
#14Business Buzz: Microsoft FTC Probe, TXSE Group Challenges NYSE, Aramco Aids Saudi Transformation
- Microsoft’s $650 million investment in Inflection under FTC investigation for potential undisclosed acquisition.
- Texas introduces TXSE Group, backed by BlackRock, challenging NYSE and Nasdaq dominance.
- Saudi Aramco’s $11.2 billion stock offering supports Saudi Arabia’s economic transformation.
AUCTUS ON FRIDAY – 07/06/2024
- Criterium Energy (CEQ CN) C: target price of C$0.35 per share: Re-iterating production guidance – 1Q24 production was 802 bbl/d with average realized price of US$82/bbl.
- This is in line with our expectations.
- Operating netbacks for the period stood at C$2.2 mm, also in line with our expectations.
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