Straight from the Desk

Syz the moment

Live feeds, charts, breaking stories, all day long.

4 Aug 2023

The Euro is now overvalued against the Dollar for the 1st time in 2 years, says the Big Mac index.

Source: The Economist

4 Aug 2023

Bonds and equities re-correlate...The recent acceleration in yields appears to have had an effect on long-duration risk-assets...

Source: Bloomberg, www.zerohedge.com

4 Aug 2023

Amazon reported second-quarter earnings on Thursday that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth

The stock rose more than 10% in extended trading. AMZN Amazon Q2 FY23: • Revenue +11% Y/Y to $134.3B ($3B beat). • Operating margin 6% (+3pp Y/Y). • FCF $7.9B TTM. • EPS $0.65. AWS: • Revenue +12% Y/Y to $22.1B. • Operating margin 24% (-4pp Y/Y). Q3 FY23 Guidance: • Revenue ~$140B ($2B beat). Source: App Economy Insights, CNBC

4 Aug 2023

Apple beat earnings estimates but fell after-hours

Apple reported fiscal third-quarter results that beat Wall Street expectations for both earnings and sales, driven by stronger services sales that grew 8% on an annual basis. Overall sales still fell 1% year over year, however, and revenue in the company’s iPhone, Mac, and iPad lines were all down from a year earlier. Apple shares fell more than 2% in extended trading. $AAPL Apple Q3 FY23: • Revenue -1% Y/Y to $81.8B (in-line). 💳 Services +8% Y/Y to $21.2B. 📱 Products -4% Y/Y to $60.6B. • Operating margin 28% (flat Y/Y). • EPS $1.26 ($0.07 beat). • Over 1B paid subscriptions. Source: App Economy Insights, CNBC

4 Aug 2023

Top 6 Cash flow ratios

Source: Compounding Quality, Chris Quinn

4 Aug 2023

MSCI World long-term performance by style

Quality outperforms by far with a lower standard deviation (NB: past returns are not a guarantee for future returns). Source: Invest In Assets | Stock Market Investing

4 Aug 2023

BlackRock's Circular Economy Fund invests in companies that focused on ♻️sustainability and reducing waste.

The fund's diverse portfolio includes waste management companies such as Waste Management and Republic Services, beverage company Coca-Cola, and manufacturer ASML, among others. Chart by Genuine Impact

3 Aug 2023

“.. when the S&P 500 is +10% or better YTD at the July-end mark.”

Source: Carl Quintanilla, Bloomberg

Thinking out loud

Sign up for our weekly email highlighting the most popular posts.

Follow us

Thinking out loud

Investing with intelligence

Our latest research, commentary and market outlooks