ArmandoFoschini @ArmandoFoschini: "📌📌 𝐀𝐮𝐠𝐮𝐬𝐭 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐮𝐩𝐝𝐚𝐭𝐞: 𝐚..."

Italy

📌📌 𝐀𝐮𝐠𝐮𝐬𝐭 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐮𝐩𝐝𝐚𝐭𝐞: 𝐚 𝐫𝐨𝐥𝐥𝐞𝐫-𝐜𝐨𝐬𝐭𝐞𝐫 𝐦𝐨𝐧𝐭𝐡 Dear investors, during the last weeks we saw a lot of volatility on our portfolio with the most influential events being the Yen carry trade flash crash, the rate cate announcement and the earning season. We cannot be satisfied for closing the month down half a percentage point but our stocks fastly recovered the major loss suffered at the beginning of the month and, in the last trading sessions, are gaining momentum compared to US indexes. Moreover, the mega-cap stocks run appears to be losing part of the traction as valuations are already rich and investors are starting to look more at the rest of the market. Looking at the macroeconomic scenario, long-term perspectives are becoming more brighter but we can still expect a lot of incertitude for the rest of the year. On one side we have a growing US economy (with a lot of variances) and a looser monetary policy coming which could drive higher stock markets, on the other side we can expect a lot of incertitude coming from US elections and even more, from geopolitical tensions in middle-east, Ukraine, East Asia and also South America which could affect global dynamics on unpredictable ways. Let's also check on some of our stocks that were the biggest movers in our portfolio during the last 30 days: - $NU (Nu Holdings Ltd.) reported another quarter of stellar growth in all their most important metrics and now it's the second biggest position on our portfolio. Despite the current valuation becoming a little bit higher in the short term, I plan to hold our position for a long time as they have plenty of opportunity to expand both in new and existing markets. - $SE (Sea Ltd-ADR) is starting to accelerate the revenue growth in all the business lines and investors reacted very positively to the last report. I didn't liked particularly the notable growth in costs too but it was preannounced. Similarly to Nu, I'm planning to keep steady our position despite the gains as I see a lot of untapped potential for the long term. - $SMCI (Super Micro Computer, Inc) had a very bad month as profits disappointed and bears published a new short report that furtherly sank the stock. While our investment timing was a huge mistake, I am still confident for the future and I think we can recover the losses and make good gains. Looking at the track record of the short report author we can see questionable results and the unconfirmed accountment issues he is talking about are related to many years ago and are not directly related to the AI-sales era. - $PUBM (PUBMATIC INC-CLASS A) had a particularly disappointing quarter and looks unable to sustain the growth rate of the most virtuous companies in the sector. We need more time to evaluate their business but for now, I have to say that our investment thesys is proving severely wrong. On the other side, I see many catalysts ahead as political spending on ads rumps up for the rest of the year and the economy moves to a lower rate environment. - $SHOP (Shopify Inc.) on the other side, is able to shine even with a tighter spending of e-commerce consumers and the improving ability to onboard big brands as customers, gives strong expectations of growth for the coming years. 💡💡 𝑰𝒇 𝒚𝒐𝒖 𝒂𝒓𝒆 𝒕𝒉𝒊𝒏𝒌𝒊𝒏𝒈 𝒕𝒐 𝒐𝒑𝒆𝒏 𝒂 𝒏𝒆𝒘 𝒄𝒐𝒑𝒚 𝒐𝒓 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒊𝒏𝒈 𝒂𝒏 𝒆𝒙𝒊𝒔𝒕𝒊𝒏𝒈 𝒐𝒏𝒆, 𝒕𝒉𝒊𝒔 𝒊𝒔 𝒂 𝒈𝒐𝒐𝒅 𝒎𝒐𝒎𝒆𝒏𝒕 𝒕𝒐 𝒔𝒕𝒂𝒓𝒕 Optimal copying strategy: -Minimal amount to see real benefits is 1000 $ /always copy open trade. -Minimum copy time to see benefits is between 6 months and 1 year. $NSDQ100 Feel free to ask in the comments if you have any questions.

6 Mentioned Show all

Nu Holdings Ltd.

Sea Ltd-ADR

SMCI

Super Micro Computer, Inc

PUBM

PUBMATIC INC-CLASS A

SHOP

Shopify Inc.

NSDQ100