Focus On Risk

30/07/2024

👉SUNx (StartUp Networking Experience) @ Stanford

Really good group of investors and founders!

with Sophia Nguyen & Mitch Keamy

07/01/2024

I'm hosting an event called FOCUS ON STOCKS on Feb 15th at the Multiverse in Palo Alto.

Join us to hear about thematic investing with Pantheon Insights founder Dimitri Zabelin. Gain in-depth knowledge by listening to a discussion on thematic investing in AI, defense, energy, and the geopolitical forces driving these multi-sector changes.

Focus On Risk

04/03/2022

Decentralized crypto?

A group of ConsenSys shareholders are demanding an audit of a deal that saw JPMorgan win significant stakes in Ethereum's Infura and MetaMask.

12/02/2022

NFTs are just beanie babies.

10/07/2020

32% of U.S. households missed their July housing payments; either full or partial

24/02/2020

Earnings After the Close: INTU, HPQ, OKE, PANW, KEYS, GH, BWXT, TREX, EPR, TNDM, MEDP, CSOD, THC, ITRI, AWR, APLE, HALO, SHAK, HTZ, SAIL, MMSI, KTOS, ARGO, NSA, KAMN, PLOW, EVER, OFIX

Earnings BMO Tomorrow: HD, AMT, BMO, TRI, LNG, STWD, SRC, M, RHP, FCN, TREE, BLD, IRDM, CBRL, MIC, INVR, ICPT, INSM, FRPT, WWW, LGIH, AMWD, WBT, PRFT, BCC, AVNS, RLGY, NPO, PRIM, PGTI, OPRA, HSKA, USC

24/02/2020

Parker Hannifin (PH) with a rare large options trade on 2/21 as the May $230 calls bought 2,350X to open $4.90 to $5.30, a name lacking other notable open interest outside of 1200 March $220 calls sold on 1/30 in a buy-write. PH shares broke out of a two-year basing pattern near $190 that targets a move up to $240 and showing relative strength recent moving to new highs above 2018 levels last week. The $27.8B industrial has been active with acquisitions with LORD Corp. CLARCOR and Exotic Metals Forming Co. adding $3B in revenues the past five years. PH has exposure to Hydraulics, Pneumatics, Electro-Mechanical, Filtration, Fluid & Gas Handling, Climate Control, Process Control and Engineered Materials. PH’s space is motion control, estimated at $130B and sees a lot of opportunity for growth while having significant competitive advantages to peers with its 8 motion control technologies. PH will be discussing its Win Strategy 3.0 at its Investor Day on 3-12-20. It sees the coronavirus and Boeing 737 MAX as short-term headwinds. PH shares trade 18.35X Earnings, 20.45X FCF and 14X EBITDA with a 1.65% dividend yield. Operating margins have expanded to 17.2% from 14.8% the last three years and is targeting 20%+ margins. Analysts have an average target of $218 and short interest at 1.2% of the float is near multi-year lows. Goldman raised to Buy from Sell in December with a $230 target, noting the company's multiple has historically re-rated meaningfully within one year of the ISM bottoming. Stifel upgraded to Buy in December with a $229 target, expecting the industrial economy to return to growth in Q2 2020 and sees positives in synergies and growth from recent acquisitions. Hedge Fund ownership fell 11.2% in Q4 filings, Vulcan Value exiting a position.

20/02/2020

GSX is very interesting name here. Chinese tutoring space has a massive runway and the name just released earnings this week and they are stunning.

Revenue +413%YOY
Gross billing +396%YOY
Gross margin 79% (vs. 68% in Q4 '18)
Income from operations +604%YOY
Adj. net income +617%YOY
Adj. diluted EPS +384%YOY
Total enrolments 1.12m (+290%YOY)

20/02/2020

Stone-Co (STNE) , a Brazilian Fin-Tech growth name, working out of a weekly range and on 1/30 the June $45 calls were bought 7000X for $3.5M and another 3000 bought on 2/18.

Also a rare tech name that Warren Buffet holds. $45 seems like clear resistance the name needs to break. Name has held up incredibly well last 3-5 months. Worth a look here imo.