$GOOGL First time the average price target on Alphabet has been lower than the current share price in the last 10 years.

$V Visa to pause efforts on US Open Banking for now. Interesting context below, from the Goldman Sachs Communacopia + Technology Conference

Historic lows at $LULU for P/E and EV/EBIT

$BRBY It's 1 year to the day since it was announced Burberry would exit the FTSE 100, being removed later that month on the 20th Sep. Today, it was announced they'd be rejoining the FTSE 100, taking effect on Sep 22nd. Since falling out last year, the stock is +111%.

United Kingdom Job Vacancies (718k) vs. Unemployed Persons (1.7m)

The $GOOG is +6.5% pre-market.

The UK vs. Poland in GDP per Capita (PPP) over the last few decades.

$GRG Interesting that Greggs is being priced at <1x sales here. It briefly dipped below that during the depths of the pandemic, but before that hadn't been below 1x sales since 2014.

For the past few years, I've been writing down all of my favourite recipes. This is primarily for my benefit. It allows me to accurately record good recipes and keep a running log of my favourites for future meal planning. Here are 12 of my absolute favourite bangers:

The US Dollar is gaining a little bit of wind back in its sales.

Not seeing this discussed a lot, but the $IBIT Bitcoin spot ETF is getting pretty close to the AUM of the world's largest Gold ETF $GLD

One of my favourite rituals is the ~1.5 hours I get to spend every morning reading and sipping coffee, uninterupted.

The US Dollar is worth 9.2% less than it was at the beginning of the year.

EuroStoxx* is crushing the S&P 500 YTD. (Converted the returns to USD)

UK Inflation is on the rise, with latest reading of headline CPI at 3.6%

Dollar decline in motion. If you are a UK investor and previously owned the UK's equivalent of the $SPY ETF, you would be down 4% this year while the US version is up 6%.

Context on Champagne demand: "Champagne is a true barometer of consumer sentiment, and the current climate is not one of celebration - amid inflation, global conflicts, economic uncertainty, and a political wait-and-see attitude in some of Champagne's biggest markets".

We used to be a real continent

*2022: Elon buys Twitter, says priority is to fix bots Users: Plz fix the bots Linda: We are 'X' now Users: Plz fix the bots Linda: 'Long articles!' Users: Plz fix the bots Linda: 'Job boards!' Users: Never asked, Plz fix bots Linda: 'TRADE STOCKS!'

The absolute cesspit of excrement that is Motley Fool news

$SBUX CEO, Brian Niccol, is looking to sell a piece of the Starbucks China business and has succumbed to the idea that Starbucks can't pursue a premium strategy in China. Starbucks is slashing prices to compete with Luckin and other big players in the region.

I don't think we are that far away from an AI-generated video moving the stock market (on false pretences).

Banger, no notes.

$META Meta's CTO, Boz, offers his perspective on why Apple's Vision Pro was a flop.

Something exciting we're working on at Koyfin is desktop alerts. • Side panel to view live alerts coming through via feed • Feed is interactive (click notif ➝ directed to document, news, etc) • Set notes on alerts • Set alerts on watchlists • Technicals, Valuation, etc

Klarna is launching a debit card that supports BNPL but with a physical swipe.

Lotta people out there who invest in the stock market religiously but won't invest in their body & health. Wild.

feel like pure shit, just want [decade-long rates at 25bps] back x

Australia, once a first-world country, is moving forward with a bill that will tax unrealised gains within superannuation accounts exceeding $3 million. 'Supers' are a long-term, tax-advantaged retirement savings account. Dangerous precedent right there.

Reading the $BRBY Burberry call, some callouts I liked: • Removal of the app in app stores • Slashing ~20% of office roles • Emphasis on investment in UK manufacturing • Promise to keep trench production UK based • Emphasis on improving scarcity • Further outlet closures

2020-2022 was a defining era for VC slop.

Everyone is trying to figure out how close to Thanksgiving the Google Search turkey is. (I don't think it will be a cliff edge decline, it's just a tweet please calm yourself)

The British have rich history The French have fine wine & culture The Japanese have discipline The Spaniards have incredible cuisine The Italians have the finest espresso The Greeks have glorious olive oil The Americans have none of that, but they have the S&P 500

TikTok fined €530mn for sending EU user data to China No way would never have guessed this was happening. "TikTok eventually admitted that “limited” European user data had been stored in servers in China, having initially denied that was the case".

This is the insider trading history of $SNAP CEO, Evan Spiegel. Not a single purchase, $1.7 billion in sales. Snap's lifetime total return since becoming public in 2017? Negative 67%, compounding at a 12.8% annual decline. Thanks for playing.

$SBUX Here are the quarterly and trailing revenues for Starbucks China. Would it shock you to hear that over this period the store count in China has grown by 90% from 4,100 ➝ 7,758 ? After 5 years and almost a doubling of stores, revenue is flat.

Interestingly, in their latest quarter, Starbucks $SBUX decided not to disclose the number of US Reward members for the first time in many years, as they look to convert from a "coupon program" to a classic rewards program. Must have been really bad...

More signs that $GOOGL is winning at AI

Who are some of the best 'old school fintwit' follows? People who share commentary, ideas, are thoughtful, and less of those who are political, engagement baity, bootlickers, etc. Recommendations are welcome, I want to improve my feed.

Back in August, as a fun attempt at creating a 'crowdsourced portfolio that doesn't suck', I asked people who read my newsletter to submit suggestions for a portfolio. One entry, stocks only, vote-weighted at inception, no rebalancing, USD base. It's done well so far.

$CMG Chipotle comparable sales witnessed the first decline since the second quarter of 2020, and before that the E. coli scandal. Stock is down 24% from the ATH in June 2024.

$KRUS I think if Kura can maintain 20% unit growth at the minimum, it's reasonable to assume ~200 stores in the US by 2030.

Just copped a POLIWHIRL DESK FAN

Say what you will about Trump, but he is clearly focused on solving the hard-hitting problems that Americans face day in and day out

$ARKK Since its inception ten years ago, I estimate the ARKK fund has: • Collected ~$$422 million in fees • Lost ~$6.25 billion of investors' cash Around $362 million of those fees have been generated since February 2021, while the share price of the fund declined 68%.

Yesterday saw the Magnificent 7 gain 14.8%, the highest 1D change in the basket's history.

A fun game I like to play re: stocks that become popular out of nowhere, and then suddenly nobody is talking about them anymore. 9 times out of 10, they have charts that look like this.

$CPR Campari Milano • Lowest valuation percentiles in decades • Dankest margin profile in decades Così non va bene, amico mio