New habit: listening to earnings calls at the gym. Thanks Borsa Finance. Excited for following earnings over the next week or two and their respective macro+internal ops reasons. Below is a top-level one-liner on each but can dive deeper into each company and their long-term competitive advantages.
- TransDigm Group Inc. (strong cap investment conscious mgmt team, pricing power, supplier network)
- Brookfield Asset Management (strong cap investment conscious mgmt team, but complex corporate structure)
- PagSeguro PagBank (fintech in South America; fintech adoption is easier for relatively weaker financial system)
- Stone (fintech in South America)
- Home Depot (proxy for construction spending and more importantly, Americans holding their housing assets longer = lower turnover rate = more demand for housing improvement long-term given the depreciative nature of asset)
- Wix.com (indirect proxy for Shopify; one of the few I believe can direct take on Amazon.com over the next 10+ years if you study their few years of strategies…software company acquiring warehouse+build supply chain for their SMBs…to protect their brand dilution/erosion from Amazon private labels…same macro strategy since early 1900’s if you look at Sears in 1930s)
- Ross Stores, Inc. (proxy for growth wealth disparity in our country in both ends)
- Nordstrom (same as #7)
Intersection notepad 