1. The Nasdaq reached 20,000 points for the first time, driven by the November inflation report meeting expectations, which strengthened predictions of Fed rate cuts. 2. Major indices declined as investors assessed higher producer prices and unemployment claims, while tech stocks showed mixed performance. 3. China launched an antitrust probe into Nvidia following U.S. chip restrictions, causing share prices to fall 2% on Monday. 4. The November CPI rose 2.7% year-over-year, with core inflation remaining at 3.3%. 5. Crypto markets experienced significant momentum, with Bitcoin surpassing $100,000 again on Wednesday.

1. Agnico Eagle Mines' stock price has not risen recently due to weak gold prices; 2. Despite this, AEM's fundamentals remain strong, with upgraded projections and competitive market multiples; 3. The recent acquisition of O3 Mining may drag on earnings next year, but it is not enough to weaken the case for AEM.

1. The market rarely offers 10%+ yielding common equities with low risk of cuts; 2. The author shares two such opportunities; 3. The market seems to be overlooking these opportunities.

1. David Tepper's 13F portfolio value increased from ~$6.18B to ~$6.73B, with the number of holdings rising from 35 to 36. 2. New stakes include Vistra Corp, NRG Energy, Las Vegas Sands, and Wynn Resorts, while United Parcel Service and Boeing were disposed of. 3. Significant stake increases were made in PDD Holdings, JD.com, and Lyft, while Alibaba, Amazon, Microsoft, and Meta Platforms saw reductions. 4. The top five positions—Alibaba, PDD Holdings, Amazon, Microsoft, and Meta Platforms—comprise ~47% of the portfolio.

1. Despite the U.S. economy's resilience, the S&P 500's heavy reliance on international revenues poses significant risks. 2. China's real estate crisis and trade tensions threaten key S&P 500 companies. 3. Europe's economic troubles and political instability could weaken the euro, affecting U.S. exports and S&P 500 companies' revenues. 4. The high valuation of the S&P 500 and potential global economic headwinds suggest a conservative EPS growth rate and a possible 12% decline in 2025.

1. Realty Income's recent underperformance is attributed to higher interest rates, tenant-related issues, and unfavorable lease terms; 2. Despite challenges, free cash flow remains stable and tenants show positive metrics; 3. Realty Income is undervalued with a price-to-AFFO ratio of 13.34x and an intrinsic value of $66.12 per share; 4. The REIT's issues are seen as temporary with expectations of interest rates falling and retail spending recovering.

1. APA Corp. is a $8.2 billion market cap US and international oil & gas producer with a 4.5% dividend yield. 2. Current operations are primarily in the US and Egypt, with declining volumes offshore UK. 3. APA is still suffering from low Permian gas prices. 4. APA’s acquisition of Callon Petroleum reinforces its Permian Basin position with oilier reserves.

1. The quantum computing market is experiencing significant growth, boosting stocks like Quantum Computing Inc. (QUBT); 2. QUBT has the opportunity to be an early adopter in the new market with AWS's structured services; 3. The company may need to raise additional funds in the next 2 quarters due to cash constraints and CAPEX at the TFLN foundry; 4. QUBT is expected to be unprofitable for at least 2-3 years due to low base revenue; 5. The company's technology holds long-term potential but poses short-term risks, making it a speculative investment.

1. The article discusses the historical optimism in January for investors, especially after the market rally following Donald Trump's election win and a strong dollar. 2. It highlights the potential challenges investors may face with incoming administration's proposed tariffs and fiscal policies. 3. The author suggests that dividend-paying stocks can help offset potential losses in a volatile market, and provides three stock recommendations from August 2024.

1. The re-election of President Trump has pushed US stocks to new heights, but his nomination of RFK Jr. for Health and Human Services Secretary has excluded certain pharma and biotech stocks from the 'Trump Bump'.; 2. Market jitters surrounding the next four years of healthcare policy have created buying opportunities for value investors.; 3. The Quant Team has identified two stocks with solid investment fundamentals that present attractive value opportunities in the current sell-off.

1. Palantir Technologies Inc. is trading at an extremely high valuation, with a forward sales multiple of 57x and a market cap over $150 billion despite modest revenue growth. 2. The company's fundamentals are improving, but the current valuation is unsustainable, posing significant risk if growth stalls or estimates are missed. 3. Multiple expansion has driven recent gains, but comparisons to Snowflake and Zoom suggest potential for severe valuation contraction. Investors face the risk of minimal returns or substantial losses over the coming years.

1. Bridgewater Associates' 13F portfolio decreased to ~$17.66B; 2. Top holdings include Alphabet, Nvidia, Meta, Microsoft, and Procter & Gamble; 3. Significant stake increases in Apple, AMD, Lam Research, Broadcom, KLA Corp., Qualcomm, Vistra, and Applied Materials.

1. Microsoft's essential products and consistent revenue growth justify its premium valuation, making it a cautious buy despite a slim margin of safety. 2. Sustained growth driven by strong management and capital allocation, with a 10-year revenue CAGR of 10.9% and significant expansion in all business lines. 3. Current valuation reflects expected growth, but potential positive surprises in cloud revenue and AI integration could enhance returns. 4. Despite competition and regulatory risks, Microsoft's robust business model and diversified growth make it a reliable and a cautious buy.

1. ASML Holding has a near monopoly in EUV lithography machines, crucial for advanced semiconductors and AI data centers, driving its stock up 215% from late 2022 to July 2023. 2. The stock recently corrected by 40%, presenting a potential buying opportunity due to oversold conditions and stabilization. 3. Despite the drop, ASML remains in a strong market position with strong sales and profitability growth prospects.

1. CleanSpark, a bitcoin mining company, has not appreciated at the same rate as other crypto-related stocks like MicroStrategy or Coinbase. 2. The short float for CleanSpark is at 31% of their outstanding shares, causing concern among retail investors. 3. CleanSpark's significant bitcoin holdings and cost efficiency make it a strong mining investment opportunity. 4. The author has a Strong Buy rating for CleanSpark with a price target of $45 by Q3 2025.

1. Blackstone has gained +182% since late December 2022, significantly outperforming the financial/banking sector and S&P 500 index. 2. The stock's valuation has become extreme, with a forward P/E of 44x and price to sales ratio above 15x, indicating investor caution. 3. Blackstone's potential reward proposition is a total failure compared to safer investments like Treasury securities. 4. Today's valuation is unsustainable, especially if a recession hits during 2025, focusing on a more reasonable price target range of $100 to $130 over the next 12 months.

1. Generation Investment Management's 13F portfolio value reached $21.41B, with top holdings in Microsoft, Amazon, Becton, Dickinson, MercadoLibre, and Thermo Fisher Scientific. 2. New investments include Agilent Technologies and Visa, while 10x Genomics, Baxter International, and Carlisle Companies were divested this quarter. 3. Significant increases in stakes for Becton, Dickinson, Charles Schwab, Trimble Inc., and Nutanix, with notable decreases in Microsoft, Amazon, MercadoLibre, and Thermo Fisher Scientific.

1. Medical Properties Trust (MPW) is significantly undervalued, trading at $4.30 per share, 34% below its 52-week high, with a 7.44% dividend yield. 2. MPW has reduced its total debt to $9.2 billion through $2.9 billion in liquidity transactions but faces significant debt maturities in 2025. 3. The REIT's market cap of $2.55 billion is a 53% discount to its shareholders' equity of $5.44 billion, indicating a potential for price recovery.

1. Sonos has closed out a difficult FY24 with weaker product registrations and household additions. 2. The company is investing heavily in promotions to maintain market share, which has negatively impacted gross margins and adjusted EBITDA. 3. The stock is trading at a reasonable 14x adjusted EBITDA multiple, but it's advisable to wait out the current challenges.

1. Despite high gold prices, Barrick Gold's stock has underperformed, highlighting challenges in capital-intensive mining operations and rising costs. 2. The company's latest quarter disappointed with lower production and higher costs, likely missing its annual guidance. 3. The author recommends royalty companies and ore processors for better long-term returns due to their capital-efficient business models.