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Our Next Webinar:

Topic: How to Determine the Best Potential Investment Themes.

When: Oct 24,2024 11:00 AM Pacific Time

Register in advance for this webinar:

https://zoom.us/webinar/register/WN_nicbiSSlTwqTDXqOmfd1cA

Why Things Like Factors, Asset Classes, Styles, and Market Cap Diversification are Stupid.

Why most thematic ETFs suck.

How to use first-order, second-order, and third-order thinking to pick stocks and ETFs with the best potential upside.

One below-the-radar theme that could end up being extremely relevant regardless of who wins the election.

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There will be a recording sent out to those who register

 For Investment Pros Only

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Themes

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European Defense Stocks

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Select Stoxx Europe Aerospace & Defense ETF (EUAD) launches today.

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AI

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SAP, one of our long term AI related names, from Jefferies this morning on earnings.....

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SAP - (Buy) - Surprise Raise To Guidance - EBIT 10% ahead of VA consensus. 

Against broad based expectations for an in line quarter, SAP has soundly beaten 3Q24expectations and raised FY24 guidance.

A c€200mbeat at the EBIT line, with EBIT 10% ahead of VA consensus.

FCF guidance is raised from prior €3.5bn to €3.75bn at the mid point or c3% higher vs consensus which looks conservative.

What you like to see when AI related names report is raised guidance.

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AI Power

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Taiwan Signals Openness to Nuclear Power Amid Surging AI Demand-Bloomberg

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Everything Else

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No Reason to Pause Rate Cuts, Fed's Daly Tells WSJ Tech Live-WSJ

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Something to keep an eye on, what is the bond market telling the Fed?

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