Inflows to equities accelerated to +$12.88bn (largest in 2 months) this week.
via BofA
Deckers Outdoor acquired the Hoka brand roughly a decade ago.
At the time, Hoka’s annual sales were around $3 million. In the past year, sales topped $1.8 billion. And since the acquisition, Decker’s stock has risen by more than 2,000%... (btw I love these shoes !!!) Source: Jon Erlichman
2024 Global Equity Returns...
Source: Charlie Bilello
Nvidia is bigger than entire German stock market, the entire Australian market or the entire Korean market.
Canada and Saudi are within reach. Source: Bloomberg
Some great one pager on stocks by The Ray Myers!
📉 $RACE -6% Since earnings 🎯Ferrari Q1 One Pager🧐 by @TheRayMyers 🚨Ferrari pricing power in play🚨 0% Shipment Growth +20% Americas Revenue +13.5% EMEA Revenue +10.9% Total Revenue +19% Net Income +20% FCF €1.58B Revenue €352M Net Income €423M FCF Here is the Ferrari Bull Case in4⃣sentences! 🛍️Lifestyle brand attracts new younger fans, amplifying brand power and customer loyalty! 💰Exclusivity allows for higher prices thus enhancing profitability! 🗺️Geographic expansion to India and the rest of APAC supports a slow volume growth! 🚗Strong brand power will support growth for decades! Would you rather have a Ferrari or $RACE stock? NB: This is NOT an investemnt recommendation
Solar stocks are rallying, with a boost from China.
China's Solar Industry Group calls on members to crack down on low-price competition to stop a price war. Invesco Solar ETF (TAN) jumped almost 9%. Source: HolgerZ, Bloomberg
BREAKING: TANGIBLE SIGN OF US CONSUMER WEAKNESS?
Target stock, $TGT, falls 8% after reporting weaker than expected earnings with a 3% revenue decline due to consumer weakness. Target's CEO said the decline reflects “continued soft trends in discretionary categories.” The company's store traffic fell by 1.9% less quarter and the average amount spent by customer also fell 1.9%. Consumers bought fewer everyday items like groceries along with fewer discretionary goods. Another sign that consumers are struggling. Source: The Kobeissi Letter
A POSITIVE contrarian signal >>>
EQUITY mutual funds are working on their 82nd straight month of OUTFLOWS. Source: Bloomberg, Eric Balchunas
