The LongVol Show - Ep 19
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I’ve decided to start writing the WYMTW (What You Missed This Week) section here on this site going forward. It’s a little easier for me to use this format. It’s also easier for me to write about longer-term investments here and pieces that are worth longer reads.
That being said, this is Episode 19 so welcome back!
This week we finally had rate cuts from the ECB and CCB and it’s looking likely that Jerome & Co. cut in September which shifts some of my attention toward some new sectors – some of which there are small positions in already.
Quote of The Week
Favorite Articles This Week
Now on Spotify
The Market at Large
Bullish flow continues this week and $5500 SP500 futures target is still what I have modeled and a good close this week given all the data we’ve had.
Hard to be bearish – trying to call a top on the indices is usually a death wish and nobody sends you a trophy for getting it right.
Some notes from last weeks report below.
Shift4 Payments - Insider Buying
- Founded by Jared Isaacman – US billionaire and someone who lives an interesting life (worth googling)
- A lot insider buying from him as of recent
- Q1 revenue of $700 million which is a +29% YoY
- Expanding into Puerto Rico (nice) and US Virgin Islands
- On my radar next 2-3 quarters, $80-$85 will be a key technical inflection
Paypal - Back in The Mix
Back in the mix after a year or so of being off my radar after some positive notes the past few earnings and some other key material items.
- PayPal repurchased $1.5 billion of its own shares in Q1.
- It plans at least $5 billion in 2024 buybacks overall
- Accounting changes made in Q1 – less shady
- April earning were positive surprise
- “2024 is their turnaround year” with new CEO
- Paul Tudor Jones & Philippe Laffont both picked up shares in this name
Final Word.
- Look for the new issue of the Report Sunday – adding a video and updated section for more Swing/Position investments to the report.
- No Q&As from this week.
- Reminder: will be in NYC in July if anyone wants to meet up.
Next Lesson
Final Quarter of 2024 Stock Market
Stock Market Stimulus
The Main Event is Here
About the Author
Daniel Bustamante is the founder, managing partner, and CIO of Bustamante Capital Management L.L.C., a multi-strategy investment management firm based in San Juan, Puerto Rico. He has over 10 years of experience in the financial industry, specializing in equities, futures, and event-driven trading strategies.
He is also the founder of TheLongVol.com, a blog and newsletter that shares his insights on his investing process, travel, and other private investments. He has been featured in Bloomberg, Arizona Business Journal, Business Insider, Yahoo! Finance, Forbes, Seeking Alpha, and other publications over his career on Wall Street.
