7/31/24 :: VROCKSTAR :: 
META
I'm a buyer into print
- low 20s PE for CAGR'ing close to 20% for the N2Y seems reasonable
- 4% fcf yield growing DD is way better than T's/ cash
- Llama and it's internal applications are transformative, and I suspect we'll hear a LOT about this
- Read this post and it pushed me over the edge in terms of what the main customers (ad buyers) are thinking:
x.com/RihardJarc/status/1818290913048993797
- Has held up better among the mag7's in this recent dippity dip. Furthermore, after see'ing MSFT's print, reaction and re-bid (cloud miss b/c they couldn't meet demand that's coming 2H) gives me more confidence in the compute story and specifically for those who are monetizing the app layer > infra deployments i.e. META
lmk what you think. I've got a 50 bps position (trading) but willing to make it 1% over the day as we see how risk evolves and fed drives overall risk (remember the majority of moves are dictated by broader risk/ liquidity).
fwiw - i will be selling down some of my nvda/ tsm today after piling into it y/day. will still hold some exposure but will be taking some gains for being the odd one out and necking out. perhaps more to go, but prefer to remain nimble raising a bit more cash.
V
METAI'm a buyer into print
- low 20s PE for CAGR'ing close to 20% for the N2Y seems reasonable
- 4% fcf yield growing DD is way better than T's/ cash
- Llama and it's internal applications are transformative, and I suspect we'll hear a LOT about this
- Read this post and it pushed me over the edge in terms of what the main customers (ad buyers) are thinking:
x.com/RihardJarc/status/1818290913048993797
- Has held up better among the mag7's in this recent dippity dip. Furthermore, after see'ing MSFT's print, reaction and re-bid (cloud miss b/c they couldn't meet demand that's coming 2H) gives me more confidence in the compute story and specifically for those who are monetizing the app layer > infra deployments i.e. META
lmk what you think. I've got a 50 bps position (trading) but willing to make it 1% over the day as we see how risk evolves and fed drives overall risk (remember the majority of moves are dictated by broader risk/ liquidity).
fwiw - i will be selling down some of my nvda/ tsm today after piling into it y/day. will still hold some exposure but will be taking some gains for being the odd one out and necking out. perhaps more to go, but prefer to remain nimble raising a bit more cash.
V
Note
sized it up this am as i've rotated out of nvda (closed). about 2% meta into print. 15% absolute downside and i'd probably take it to 5% there all else equal, so it's a situation where i can confidently buy the dip. any rip and i'm probably under exposed for the continuation esp if papa powell continues to pump our bags. quite cashy again (40% from probably 30% y day), so willing to take some of these event plays with larger size tn.
V
Note
still haven't re-bot 
NVDA, but have sized up META here +5% near $500 to a 7% position (which is pretty high conviction in the face of this melting market). given the CC y'day, META is the one that has the best roadmap in terms of monetizing AI even if it's going to take some time. huge cash gen. back hitting on all cylinders. remains cheapest of mag 7 and product is "free" (which keeps engagement high-ish), tools for advertisers remain best in class.do we go higher today? idk
lower? same thing... idk
but among all the larger cap stocks, this one will have the strongest bid. today is the best example of that and i think you can use it as the most outperforming currency into YE at this pt all else equal.
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.