JD.com Earnings Overview E-commerce giant JD.com reported its Q3 financial results after the close in Hong Kong. The results largely exceeded analysts’ expectations. In the press release, CEO Sandy Xu commented that the company is benefiting “as overall consumer sentiment continued to brighten.” JD is a direct beneficiary of government subsidies for home appliances, serving as the online “Best Buy of China.” CFO Ian Su Shan commented that “China’s government-backed trade-in programs in over 20 provinces and cities…have been launched on JD.com”. He also commented on the rise in revenues “resulting from a rebound in growth of electronics and home…

As we income investors roll into Trump 2.0, it’s time for us to “flip the script” on the trades that have worked for us over the past two years. Things have the potential to get wild. Fortunes made; retirements lost. Let’s re-calibrate to make sure we own the stocks that will benefit most from the Trump 2.0 presidency. Yes, I emphasized equities intentionally. Fifteen months ago, we contrarians started the bond bandwagon. It’s hard to believe now, but back then, the financial suits hated fixed income. We faded their fears, bought bonds and benefited. Now, however, the fixed income trade…

By Yiannis Zourmpanos Summary Meta’s Q3 2024 revenue grew 19% YoY to $40.6 billion, driven by strong ad performance across Facebook, Instagram, and WhatsApp. Ad revenue reached $39.9 billion, increasing 19% YoY, boosted by AI-driven ad targeting and improved ad impressions. Net income rose 35% YoY, with profit margins expanding to 43% due to disciplined cost management and operational efficiencies. Meta’s Reality Labs posted a significant loss as investments in metaverse technology continue, but core business profitability absorbed these costs. Meta’s fair value is estimated at $734, offering a 22.13% margin of safety based on DCF projections, despite high CapEx.…

Forbes InvestorInvesting NewslettersTaesik YoonForbes StaffForbes InvestorInvesting NewsletterView Full PortfolioNov 13, 2024,05:28pm ESTUpdated Nov 13, 2024, 05:28pm ESTPerdoceo Education (PRDO) had another fantastic quarter. Due to the expected lag impact from the 2023 operational changes at its American InterContinental […] Read the full article here

After a record surge brought the price of bitcoin above $90,000 for the first time and pushed the total value of all digital assets past $3.2 trillion, crypto’s wealthiest are seeing their net worth soar. Forbes estimates that 11 top crypto billionaires, whose holdings largely consist of liquid tokens and stocks, have collectively added $38 billion to their fortunes in 2024. Some $24 billion, or 63% of the total increase, occurred after September 1 as the industry became increasingly bullish on Donald Trump’s ultimate victory in the presidential election on November 5. Regarding percentage gains, the biggest winners were the…

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In a world where change happens gradually, then all at once, certain CEOs have demonstrated an extraordinary ability to not just navigate but thrive amid technological upheaval and market volatility. What distinguishes truly exceptional chief executives from their peers? There are four crucial criteria: building unassailable competitive advantages, successfully navigating existential challenges, developing strong leadership pipelines, and demonstrating superior capital allocation skills. Jeff Bezos and Satya Nadella exemplify these qualities in distinctly different ways. Bezos, though no longer CEO but still Amazon’s executive chairman, created perhaps the most formidable moat in modern business history. Amazon’s flywheel model combines Prime membership,…

Tencent Q3 Earnings Overview Tencent reported Q3 financial results after the Hong Kong close that met analysts’ Q3 revenue expectations while beating on adjusted net income and adjusted EPS. The company’s strong margins, profitability, and cash flow generation stand out. Results were driven by the strong year-on-year (YoY) growth of domestic game revenue +14% to RMB 37.3B versus international game revenue +9% YoY to RMB 14.5B. Marketing Services (formerly Online advertising) grew +17% to RMB 30B in a positive signal for the company but also for the Chinese economy. There is no reason to advertise if no one is buying.…

Team Name: The Stackman | Casriel Group Firm: UBS Private Wealth Management Senior Members: Scott Stackman, Lyle Casriel, Larry Evans, Matthew Klein Location: New York, NY Team Custodied Assets: $9.5 billion Background: Natives of Long Island and Manhattan, respectively, Scott Stackman and Lyle Casriel have worked together for nearly two decades. Stackman first got his chops as an advisor working at Lehman, where he spent a decade before leaving to join UBS in 2008. Casriel, meanwhile, joined Lehman as an intern in 2005 where he first met Stackman and joined UBS a few months after him. Now with 18 members…

Team Name: Oberlander Timmerwilke Group Firm: Merrill Wealth Management Senior Members: Sharon Oberlander, Andy Timmerwilke, Thomas Ratos Location: Chicago, IL Team Custodied Assets: $2.2 billion Background: Growing up in Canada, Sharon Oberlander always wanted to be a social worker, double majoring in psychology and sociology at the University of Manitoba. After moving to the United States, she took a job in banking as she looked for a role in social work. She quickly began to enjoy working with clients and decided to become a financial advisor, joining Merrill in 1978 as one of the early women in the industry. Her…