And my mining stocks responded accordingly. Ba-boing.
Japan, HK, China…. At least not a boring market day 
Turns out I was wrong and actually was able to offload my baba bags before noon 
finally
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Why is the Taiwan market down?
Assumed it would follow the China markets rather than Japan’s.
Assuming the typhoon will interfere with chip making? Who knows? It’s the millennium.
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Could be this news? Or is the same for tsmc?
Ha— do they have a chance of replacing the NVDA chips with something comparable? This is market manipulation and most likely a buying opportunity for Taiwan chippers should numbskulls take the bait and sell.
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Hoping anyone can share their views the prospects of US stocks over the next 6 months? That is, through the US Presidential Election and the 3rd anniversary of the Ukraine War
NIKE (NKE US) - 12-month target US$92
- Shares of Nike surged following the announcement of Elliott Hill, a seasoned Nike veteran, as the new CEO
- This highly anticipated leadership change will inject a much-needed sense of urgency, focusing on product innovation, marketing, and wholesale partnerships
- The above identified areas were those that suffered under previous leadership resulting in material underperformance in profitability and shareholder returns.
- Notably, Mr. Hill’s strong internal and retail partner relationships should provide an immediate morale boost.
- While fundamentals remain weak, this will be largely overlooked in the near-term and the upcoming Investor Day (11/19) will offer a fresh new dynamic
- Overall, the latest appointment gives DB greater confidence that Nike is positioned for long-term growth, creating a positive catalyst for shares to move higher next 12-mths
- Recall, street analysts have been mooting the idea if Nike would consider replacing its CEO after seeing how well Starbucks shares reacted to the hiring of Brian Niccol.
United Health Group (UNH US) - 12-month target US$562
- UnitedHealth is a high-quality defensive name in the Large-cap healthcare services space, and as a best-in-class operator with a diversified earnings stream, is capable of delivering sustainable double-digit EPS growth through its cost reduction, vertical integration, and inorganic initiatives
- Fundamentally, UnitedHealth is a best-in-class operator with a diversified earnings stream, capable of delivering sustainable double-digit EPS growth
- Going forward, expect further upside to also come from cost reduction, vertical integration, and inorganic initiatives
Chipotle Mexican Grill (CMG US) - 12-month target US$67
- Shares of Chipotle Mexican have rallied from recent lows following news that its CEO had departed for Starbucks
- Buy on the recent outsized pullback post-CEO departure
- Admittedly, this latest CEO departure was surprising and likely adds some inherent uncertainty in the near-term
- That said, the appointment of COO Scott Boatwright as the Interim CEO is a positive testament to the internal talent pool and should enable a smooth leadership transition
- Jack Hartung, who recently announced his planned retirement effective Mar 2025, has agreed to remain indefinitely as President of Strategy, Finance and Supply Chain.
- All-in, Chipotle has built a deep bench of talent to drive the ongoing momentum so expectations are strong in the near-term and long-term growth outlook.
- A rare compounding growth story, well positioned for unit growth acceleration and margin expansion to support a 20%+ 3-year EPS CAGR.
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Oil/energy/ commodities
Middle eastern unrest is already driving oil up. Iran may finally have gotten everyone’s attention. BP/ XOM
Chinas stimulus plan will kickstart commodities and any kind of housing deal in the uS in particular will bump copper.
Oh and PLTR is unstoppable.
It’ll be great unless it all falls apart? Watch the next couple months unemployment and supplier numbers closely.
I like NKE - bought some at $80 (not a great buy-in) and got called on these $75 puts, but that’s obviously working out so far. Despite not performing that well recently, it’s a ridiculously strong brand.
Anecdotally, Chipotle seems to be getting less and less popular to me. Don’t know what they’d need to do to turn that around.
It is but they have some serious problems. The fact that they’ve taken their eye off the ball with the running market is telling. Now instead you have brands like On and Hoka eating their lunch. They’ve gotten complacent so may still be overpriced if they can’t turn things around.
Hoka is awesome (I have 3 pairs) but let’s get a sense of perspective here - their sales are ~$550M/qtr (growing nicely, but still. Decker brands, overall, is $825M), while Nike’s is $11.5B. Similar margins.
Your picking one brand I mentioned and missing the whole point.
The point is the market is becoming more fragmented and big players like Nike and Adidas are losing ground to smaller players.
During the quarter, Nike direct revenues came in at $5.1 billion, down 8% compared to the prior year period. Meanwhile, wholesale revenue was up 5% to $7.1 billion, reflecting Nike’s change of heart on direct selling.
According to some analysts, the company’s focus on building out its direct sales strategy led Nike to take its eyes off of innovation — the main attribute that had long made the company stand out.
As the retailer churned out more and more old favorites, such as the Air Force 1, upstarts like On Running and Hoka wowed runners with brand new designs — and snatched them up as customers.
No, I get it, but you have to maintain some perspective. Yes, Nike has challenges, which is why its stock is beat down, but they’re not really getting their lunches eaten by Hoka and the like (just yet). ;D
I’m trying to show you some perspective.
I’ve been in this business a long time, and know there is no too big to fail. Things can turn south very quickly. I’ve seen it happen to Adidas, Puma, Fila, Reebok and so on.
Nike essentially built the running category which is core to it’s business, but has not innovated in years. Instead it has relied on collabs with celeb designers and pumping out the same retro shoes. They’ve restructured which shows they recognize the problem.
…which may show they want to be seen to be doing something, not that they know what the problem is.
CEOs ‘restructure’ things all the time.
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Didn’t they essentially invent the entire supershoe category with the alphafly? I really like the zoomx foam shoes too (on Pegasus turbo - ain’t paying for no *fly shoes. 
)
This is a very American way to look at things, you can get giant ass foam sole shoes for years on Taobao.
China has all kinds of crazy cheap shoes for fraction.of these multinational brand prices.
Maybe the consumers have copped on that you can buy decent trainers in many cases between 30 and 70 bucks.
Not really an American thing - Nikes are pretty popular seemingly everywhere. It’s a little things make life better for those who can afford it thing… they’re not all actually the same despite similarities. Do different materials make much difference? No. Does it make a difference that I can feel? Yes. Am I willing to pay for small differences in things I use all the time? Yep. Cheap things get the job done, but sometimes paying for a slightly better experience is worth it if you can afford it, especially things you use every day. For me, this includes shoes, and basics such as nice sheets, a better shower head, and 2 ply toilet paper.