Gleaning Macro Insights From Earnings Reports: CPB and Inflation, PLAY and Economic Reopening, GME and The Reddit Army, May CPI

Gleaning Macro Insights From Earnings Reports: CPB and Inflation, PLAY and Economic Reopening, GME and The Reddit Army, May CPI

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The Brutal Economics of Food Delivery: The Case of DASH

The Brutal Economics of Food Delivery: The Case of DASH

Almost a decade ago, when DoorDash (DASH) was just getting started, I needed money and took a temp job at their small headquarters at the corner of Page Mill Road and El Camino in Palo Alto, CA. My job was to call local restaurants to get their hours for an upcoming holiday and enter that information into a spreadsheet. It was mind numbing work and it didn’t pay much.

PANW, DE & AZO Earnings

PANW, DE & AZO Earnings

As a generalist macro investor I focus on mega caps or stocks in the S&P 100. I look for high quality, reasonably valued stocks that express my macro views. This morning I feel like digging into a few stocks that recently reported earnings to see if any might be prospects for my portfolio as well as for the light they might shed on the market as a whole.

Is The Bubble Popping?

Is The Bubble Popping?

There is a debate among economists about whether we are on the verge of one of the greatest economic booms in history or whether the current market rally is the bubble of all bubbles. The consensus view reflected in market prices is the former. The latter is the correct one in my opinion…

The Case For (And Against) COIN: Fundamental, Technical and Philosophical Considerations

The Case For (And Against) COIN: Fundamental, Technical and Philosophical Considerations

Those who know me will be surprised to learn that I bought shares in Coinbase (COIN), the leading cryptocurrency broker, on Friday in the wake of its 1Q21 Earnings Report Thursday afternoon. That’s because my intellectual roots are in Ayn Rand, Ludwig von Mises, The Austrian School of Economics and therefore the gold standard. As a consequence, I’ve tended to be of the mindset of Warren Buffet toward Bitcoin and cryptocurrencies in general when he called the former “rat poison squared” at Berkshire’s 2018 Annual Meeting. However, that doesn’t mean I can’t trade it profitably.