I’m thinking about investing around $700 in $HLT (+0,67 %) and $CMG (-0,82 %)
I have a lot of pretty risky stocks like $BA (-0,46 %) and $INTC (+1,8 %) so I’m trying to add some stocks with consistent growth
Postes
53I’m thinking about investing around $700 in $HLT (+0,67 %) and $CMG (-0,82 %)
I have a lot of pretty risky stocks like $BA (-0,46 %) and $INTC (+1,8 %) so I’m trying to add some stocks with consistent growth
Good morning everyone!
Do you think one can still invest in $RHM (-0,78 %) at the current price? Or do you think the share price is too overvalued? $BKNG (-1,19 %) , $COST (-1,09 %) and $CMG (-0,82 %) are also interesting stocks, but I'm not sure whether the prices are currently too high to invest in them. How do you see these shares developing in the long term? In $UBER (-0,14 %) I am actually in it for the long term and will soon increase my position, as I think that the price is currently very fair and I have a lot of confidence in the company in the future.
Have a nice start to the day everyone!
Chart technology from the picture book IV
+ fairy tale
Starbucks
It's not just coffee. It's Starbucks.
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The technical chart of Starbucks shows mixed signals depending on the time perspective.
The short-term and medium-term indicators and oscillators are currently pointing to a buying trend. There was also a golden cross at the end of September 24, for example.
The support levels seem to be holding well.
Over the last 2 years or so, Starbucks has tended to move sideways with ups and downs. (Beta 0.90)
I have not researched the reasons, but I can think of a few points off the top of my head that could have been partly responsible for the poor performance.
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A look at the annual candles shows a bullish candle with a long shadow for 2024. This could be a bullish reversal signal. The CEO change was received very positively by the market and has also led to increased buying volume again.
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If you look at the chat with monthly candles, on the other hand, you can see a bullish flag in my opinion, but it could still turn bearish.
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Conclusion:
In my opinion, Starbucks is currently not an attractive investment in view of the market uncertainty that can be seen in the chart, the negative equity and the high level of debt. Starbucks could be more interesting for a trader. As always, just my opinion and a lot of gut feeling 🤓
Barclays Lowers PT on $AMD (-0,35 %) to $170 from $180 - OW
Analyst Comments: "The MI300 ramp remains on track with another raise to >$5B (from >$4.5B), but an unseasonably high Client in December sets up a tougher starting point for 2025, where we model Client down more than seasonal (-15%)."
Barclays Raises PT on $CMG (-0,82 %) to $60 from $55 - EW
Analyst Comments: "Chipotle shares have outperformed recently, rebounding after the surprise CEO departure in August '24. Heading into 3Q24 earnings, there was pressure on the company with new leadership in both the CEO and CFO roles, and any shortfall in results or outlook was likely to be attributed to the transition. However, 3Q24 results were in-line with expectations, with no material surprises."
Citi Raises PT on $GOOGL (+0,94 %) to $216 from $212 - Buy
Analyst Comments: "We emerge from Alphabet’s 3Q24 earnings incrementally positive on shares. Google Search & YouTube revenue growth of +12% Y/Y highlight continued advertiser adoption of its monetization tools as query growth evolves with AI Overviews and broader GenAI search tools."
BofA Lowers PT on $FSLR (+1,24 %) to $269 from $321 - Buy
Analyst Comments: "Following First Solar’s Q3 earnings, we reiterate our Buy rating, viewing the recent challenges as situational rather than structural. The reduced volume guidance was primarily due to three contract terminations and modules initially expected to be sold this year, which we see as largely idiosyncratic issues."
"FSLR’s 73.3 GW contracted backlog reflects strong demand, enabling the company to be selective in securing new bookings at favorable ASPs. With plans to expand capacity to over 14 GW in the U.S. and 25 GW globally by 2026, FSLR is well-positioned to capitalize on U.S. policy tailwinds—regardless of the election outcome, in our view."
Aftermarket after quarterly figures
+17% Reddit $RDDT (+0 %)
+5% Snap $SNAP (+0,45 %)
+4% Alphabet $GOOGL (+0,94 %)
$GOOGL (+0,94 %)
+4% Stryker $SYK (+1,48 %)
+2% Visa $V (-0,14 %)
+1% Unum $UNM (+0,86 %)
+0% Chubb $8240
+0% Mondelez $MDLZ (-1,01 %)
-2% Chipotle Mexican Grill $CMG (-0,82 %)
-3% Caesars Entertainment $CZR (-2,02 %)
-3% First Solar $FSLR (+1,24 %)
-7% AMD $AMD (-0,35 %)
-15% Qorvo $QRVO (+2,62 %)
$CMG (-0,82 %) | Chipotle Mexican Grill Q3'24 Earnings Highlights
🔹 Adjusted EPS: $0.27 (Est. $0.25) 🟢; UP +17.4% YoY
🔹 Revenue: $2.79B (Est. $2.82B) 🔴; UP +13% YoY
🔹 Net Income: $387.4M; UP +23.7% YoY
🔹 Comparable Restaurant Sales Growth: 6.0%, driven by +3.3% Transaction Growth
2024 Outlook:
🔹 Comparable Restaurant Sales Growth: Mid to high-single digits
🔹 New Restaurant Openings: 285-315 company-operated locations (80% with Chipotlanes)
🔹 Full Year Tax Rate: 24%-26%
Margins and Costs:
🔹 Operating Margin: 16.9% (Prev. 16.0%)
🔹 Restaurant Level Operating Margin: 25.5% (Prev. 26.3%)
🔹 Food, Beverage, and Packaging Costs: 30.6% of revenue (Prev. 29.7%)
🔹 Labor Costs: 24.9% of revenue (Flat YoY)
🔹 Other Operating Costs: 13.8% of revenue (Prev. 14.0%)
2025 Outlook:
🔹 New Restaurant Openings: 315-345 company-operated locations (80% with Chipotlanes)
Operational Highlights:
🔹 New Restaurants Opened: 86 company-operated locations (73 with Chipotlanes)
🔹 Digital Sales: 34% of total food and beverage revenue
🔹 Stock Repurchase: $488.1M repurchased at an average price of $54.55 per share; $1.1B authorized for future buybacks
Key Com:
🔸 Scott Boatwright, Interim CEO: "Our focus on exceptional people, food, and throughput, alongside the return of Smoked Brisket, drove strong results. We are committed to expanding our North American presence to reach 7,000 restaurants and further our global ambitions."
🔸 Cost Pressures: Higher food costs driven by inflation in avocados, dairy, and protein mix changes were partially offset by prior menu price increases.
🔸 Operational Efficiency: Lower delivery expenses and improved sales leverage contributed to a reduction in other operating costs.
Strategic Initiatives and Long-Term Goals:
🔸 Chipotlanes are enhancing guest convenience, driving higher margins and returns.
🔸 Management remains focused on expanding the Chipotle brand, targeting over 7,000 locations across North America and further international expansion.
Chipotle Q3 2024 $CMG (-0,82 %)
Financial performance
Chipotle reported a 13.0% increase in sales to $2.8 billion in the third quarter of 2024, driven by new store openings and a 6.0% increase in comparable restaurant sales. The latter was driven by a 3.3% increase in transactions and a 2.7% increase in average cash receipts.
Balance sheet analysis
As of September 30, 2024, Chipotle's total assets amounted to USD 9.01 billion, compared to USD 8.04 billion at the end of 2023. The increase is mainly due to higher cash and cash equivalents, which increased from USD 560.6 million to USD 698.5 million. Liabilities increased to USD 5.40 billion, with long-term lease liabilities accounting for a significant proportion.
Income statement
For the nine months ended September 30, 2024, Chipotle's net income was USD 1.20 billion, compared to USD 946.7 million in the previous year. The operating margin increased to 16.9% (previously 16.0%), while the restaurant margin decreased slightly to 25.5% (previously 26.3%).
Cash flow analysis
Net cash inflow from operating activities amounted to USD 1.58 billion for the first nine months of the year, compared with USD 1.52 billion in the previous year. The company invested USD 701.5 million, mainly in expansions and investments. Cash outflow from financing activities amounted to USD 734.9 million, due to share buybacks.
Key figures and profitability
Diluted earnings per share (EPS) increased by 21.7 % to USD 0.28. Adjusted diluted EPS rose by 17.4% to USD 0.27. The effective tax rate amounted to 22.9 % and was thus slightly below the previous year's figure of 24.2 %.
Competitive analysis
Chipotle's focus on quality people, products and efficiency, along with the reintroduction of Smoked Brisket, contributed to the strong results. The company plans to increase the number of restaurants in North America to 7,000, indicating a focused expansion strategy.
Forecasts and comments from management
Management emphasized the importance of its five key strategies to ensure current success and long-term growth. The priority remains to offer guests exceptional value and a customizable culinary experience.
Risks and opportunities
Summary and strategic implications
Chipotle's strong financial performance in the third quarter of 2024, characterized by significant sales growth and improved profitability, illustrates the effectiveness of its strategic actions. The company's expansion plans and focus on customer experience through Chipotlanes and menu innovations position the company well for future growth. However, managing raw material cost inflation remains a key challenge. Overall, Chipotle's strategic direction is consistent with its long-term goals of expanding its restaurant footprint and strengthening its brand presence globally.
Positive statements
Negative statements
Interim conclusion: my YTD performance in 2024
The third quarter of 2024 ended just over a week ago and the fourth and final quarter of the year has begun. Time to draw an interim conclusion on the performance of my portfolio. The aim of my portfolio is - as every year - to beat the MSCI World benchmark. However, I am also aware that it will not work every year and that the overall performance should rather be compared over a period of 3-5 years. Nevertheless, it is a way for me to analyze how my portfolio is performing compared to the benchmark.
The MSCI World, measured in euros on the ETF $IWDA (+0,23 %)has so far had a YTD performance of +19.24% so far. My portfolio is at +13.27%. So far this year I have underperformed the MSCI World underperformed.
The overall picture since June 2017 looks better:
With a TTWROR performance of +177.47%, I am well ahead of the MSCI World with +121.17%. That is an average outperformance of +3.68% per year since June 2017.
An important note at this point: I do not adapt my strategy to current circumstances, but invest in high-quality companies - regardless of whether AI stocks are performing or whether oil stocks are the hot shit on the market. In this respect, phases of underperformance are normal and predictable.
UNDERPERFORMER
Time to take a look at the YTD underperformers.
Dino Polska $DNP (-2,38 %)
-14.5%
As I have only been invested here since March 2024, I have chosen the total return since purchase as performance. I expect a significantly better performance here in the long term. The position will be held and not increased or sold.
ASML $ASML (-1,59 %)
-6.6%
Also a fairly new position. In July 2024 I started to build up a larger position in several tranches. I expect a significantly better performance here in the longer term.
Alphabet $GOOGL (+0,94 %)
+3.8%
This is also a position that I only built up in August 2024. The plan is to continue to build up the position at this valuation level using a savings plan.
OUTPERFORMER
If you have a number of underperformers in your portfolio, there should ideally also be a few outperformers. My top 3 YTD outperformers are:
KLA Corp $KLAC (+0,46 %)
+38.3%
I established this position in April 2023 at a price of €336.80 per share. I have not bought or sold since then.
Costco $COST (-1,09 %)
+35.43%
I have been a shareholder in this outstanding company since September 2022. Since then, the position has been increased several times through acquisitions - most recently in May 2023 at a price of €455.45 per share.
Philip Morris $PM (+0,48 %)
+27.9%
This year has so far been a very good year for the "Big Tobacco" stocks. So I am not only pleased about the performance of $PM (+0,48 %) but also about $BATS (-0,24 %)which I also have in my portfolio. I invest continuously in both via a savings plan and enjoy regular dividends.
CONCLUSION
My top 3 underperformers are all stocks that I only bought this year and will hopefully perform better over time. The top 3 outperformers are all stocks that I have had in my portfolio for a long time and have performed very well overall since then. One "honorable mention" is also deserved $CMG (-0,82 %)which, with a YTD performance of +25.9%, just failed to make it into the top 3.
How are things looking for you this year?
Stay tuned,
Yours Nico Uhlig
⚠️⚠️⚠️Breaking News⚠️⚠️⚠️
ATTENTION to all who have a deposit with Trade Republic, today more than 100 savings plans will be executed with me, the real offensive starts at 15.30 and can take up to 4 hours, as there may well be "massive" "failures" and "delays" during this time, I ask you to keep calm, take a deep breath and not to bombard Trade Republic customer support with inquiries. Thank you very much 😁
As far as the Ultimate Homer "ETF" is concerned, many new stocks were added in September 😁
In since September 2
🇺🇸Chipotle $CMG (-0,82 %)
🇺🇸Costco $COST (-1,09 %)
🇺🇸Domino's Pizza's $DPZ (-0,94 %)
🇺🇸Texas Roadhouse $TXRH (-1,52 %)
🇺🇸TransDigm $TDG (+0,66 %)
Newly launched today
🇺🇸Booz Allen Hamilton Holding
$BAH (+1,99 %)
🇺🇸Blackstone $BX (+1,05 %)
🇺🇸KKR & Co
$KKR (+1,07 %)
🇺🇸Vulcan Materials
$VMC (+0,8 %)
🇺🇸CSX $CSX (+0,23 %)
🇺🇸Carrier Global $CARR (+2,35 %)
🇺🇸Hilton Worldwide $HLT (+0,67 %)
🇺🇸Merck & Co $MRK (-1,77 %)
🇺🇸Moodys $MCO (+0,31 %)
🇺🇸Rollins $ROL (-0,24 %)
🇺🇸Toll Brothers $TOL (+0,38 %)
🇺🇸Watsco $WSO (-0,87 %)
🇺🇸Cardinal Health $CAH (+0,49 %)
🇺🇸Colgate Palmolive $CL (-1,99 %)
🇺🇸Emerson Electric $EMR (+0,81 %)
🇺🇸Nordson $NDSN (-0,22 %)
🇬🇧BAE Systems
$BA. (-0,57 %)
🇬🇧RELX
$REL (-1,58 %)
🇬🇧Bunzl
$BNZL (-0,1 %)
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