The Magnificent 7 have a higher weighting in the MSCI World Index than all of the stocks in the UK, China, France and Japan combined
Source: MSCI AllSpring Global Investments
The average market strategist's 2024E S&P 500 target is 4837 with EPS of $237 for a return of 2.5% (excluding dividends) and a P/E of 20.4
Source: Julian Klymochko
Quartr just created this infographic that illustrates the 12 largest luxury companies by market cap
Four fun facts: → $LVMH's market cap is 50% larger than the bottom 10 companies *combined*. → $RMS is by far the largest single-brand company on the list, 3.5x the size of $RACE for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, $KER's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #7 on this list. Source: Quartr Activate to view larger image,
The pain trade in one chart: Most shorted US stocks gained 11.3% this week. Performance YTD now on par w/S&P 500
Source: Bloomberg, HolgerZ
The Fed just triggered the biggest stock-buying program since Nov 2022...
Source: Bloomberg, www.zerohedge.com
The Nasdaq 100 total return index closed at a new all-time high yesterday for the first time since December 27, 2021 (715 days)
S&P 500 total return index is 3 bps away from a new all-time closing high. Source: Charlie Bilello
10 Timeless Stock Picking Lessons
Investment Books (Dhaval)
The net long positioning on the Nasdaq 100 by asset managers and leveraged funds is at a record high
When a trade becomes this crowded, how long until things reverse course? Source: Rosenberg Research
