Irrobuxtiamo la strategia 19 Settembre 2017

Cari buxiti,

- Visa ha vari vantaggi e tra questi abbiamo il basso livello di debito e il forte CFC (Free Cash
Flow). Con la crescita degli earnings, si dovrebbe ottenere un interessante aumento dei margini.
http://bit.ly/2jKDpdM
- Berkshire poterbbe essere leggermente sovraprezzato, usnado metodi di valutazione
conservativi. Lautore di questo articolo sostiene chesia comunque un buon momento per
detenere Berkshire nel portfolio.
http://bit.ly/2ycW8RD
- Facebook dovrebbe poter entrare nel mercato cinese dallanno prossimo.
http://bit.ly/2xda7dG
- Facebook sta crescendo grazie a Messenger, che diventa una risorsa per le compagnie e
unottima alternativa a Snapchat, oltre che unaddizionale piattaforma per advertising e
revenues. Deutsche Bank stima che le revenues combinate potrebbero essere di $10 miliardi
allanno, ovvero $2,5 miliardi in piu a trimestre. Unaltra acquisizione importante e stata quella
di Instagram che ha generato $750 milioni di revenues nel 2016 e potrebbe raggiunere $9,5
miliardi nel 2021 (+1000% di crescita). Senza contare Oculus e il market da quasi $22miliardi in
cui Facebook sta aumentando la propria quota.
http://bit.ly/2f9mo81
- Secondo questanalisi, nonostante una prospettiva di lungo termine positive, Apple potrebbe
perdere persino un 15/20% nel breve termine, a causa dei mercati non positivi.
http://bit.ly/2fhMA4m
E ce chi, invece, sulla base di puri dati tecnici, sostiene che Apple sia ancora un buon
investimento nel breve periodo.
http://bit.ly/2hgQmHQ
Riduzione dei margini per Apple, il cui Iphone X vede un aumento dei prezzi di produzione.
Alcuni numeri: lihpone 7 offre un margine lordo del 61,8%, mentre lIphone X solo un 41,8%.
http://bit.ly/2xQrscT
Dallaltro lato, Morgan Stanley aumento il TP a $194.
http://bit.ly/2fa9Op0
- Chi disprezza compra. Dopo le accuse di Jamie Dimon, JPMorgan compra Bitcoin. Chissa se le
dichiarazioni sono state strategicamente fatte prima di un rande acquisto.
http://bit.ly/2xe4BHx
- Esce il dividendo di Mastercard a $0,44 (yield molto basso) per inizio Ottobre.
http://bit.ly/2hgTeEQ
- Articolo non troppo positivo su Amazon, che potrebbe essere destinato a grandi successi, ma
non per forza profitability. Questo articolo sostiene che Jeff Bezos cerchi innovazione al punto di
non preoccuparsi troppo del profitto, in unindustry gia di per se molto competitiva. In effetti
risulta difficile giustificare una vlautazione di $471miliardi a fronte di vendite per $150miliardi.
In effetti, ancora, il book value per azione e di $48 dollari, quando il titolo viaggia a $950 circa.
per questo motivo, io personalmente, penso che Alibaba possa essere un acquisto gia piu
azzeccato.
http://bit.ly/2hg38Kw

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 Irrobuxtiamo la strategia 19 Settembre 2017
- Per chi piace rischiare poco, sembra che Microsoft possa essere ancora linvestimento giusto per
voi. Potenziale di crescita di crica il 15%, un potenziale ritorno annuale del 8/10% e un buon
valore PE.
http://bit.ly/2yozXsN
- Per gli appassioanti di Tesla: Jefferies si aspetta eprdite fino al 2020.
http://bit.ly/2favRvS
- Ebay si conferma un potenziale acquisto: 25 milioni di venditori attivi e 171milioni di ocmpratori
attivi e acquisizioni interessanti, come quella di StubHub
http://bit.ly/2hhTgwg

Trading ideas:

- Sembra veramente che il H+S pattern si stia compiendo con Amazon.

https://www.tradingview.com/chart/AMZN/rLXYcokf-Amazon-is-forming-a-huge-top-
pattern/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_pu
blish
- Si conferma il BUY su Alibaba.
https://www.tradingview.com/chart/BABA/ETzCh7gJ-Targets-on-BABA-from-
here/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publi
sh
- Facebook vicino al breakout.
https://www.tradingview.com/chart/FB/u4d9VlPm-FB-Approaching-Buy-
Setup/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publ
ish
-

Up/downgrade di oggi.

Da DailyTradeAlert:

Under Armour (UAA) downgraded by Wells Fargo from Market Perform to

Underperform
Nike (NKE) downgraded by Susquehanna from Positive to Neutral
Time Warner (TWX) downgraded by Credit Suisse from Outperform to Neutral

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 Irrobuxtiamo la strategia 19 Settembre 2017
Da Marketbeat.com

Vivendi SA (NASDAQ:VIVHY) was upgraded by analysts at HSBC Holdings plc from a

"hold" rating to a "buy" rating. Previous closing price of $24.90. Read More.
Inditex (NASDAQ:IDEXY) was downgraded by analysts at Morgan Stanley from an
"overweight" rating to an "equal" rating. Previous closing price of $19.48. Read More.
RWE AG (NASDAQ:RWEOY) was downgraded by analysts at BNP Paribas from a
"neutral" rating to an "underperform" rating. Previous closing price of $24.13. Read
More.
Under Armour, Inc. (NYSE:UAA) was downgraded by analysts at Wells Fargo &
Company from a "market perform" rating to an "underperform" rating. They now have a
$17.37 price target on the stock, up previously from $15.92. Read More.
Tesla Inc. (NASDAQ:TSLA) is now covered by analysts at Jefferies Group LLC. They
set an "underperform" rating and a $280.00 price target on the stock. They noted that
the move was a valuation call. 27.3% downside from the previous close of
$385.00. Read More.
Nike, Inc. (NYSE:NKE) had its price target lowered by analysts at Wells Fargo &
Company from $56.00 to $55.00. They now have a "market perform" rating on the stock.
2.8% upside from the previous close of $53.50. Read More.
Nike, Inc. (NYSE:NKE) had its price target lowered by analysts at Raymond James
Financial, Inc. from $71.00 to $67.00. They now have an "outperform" rating on the
stock. 25.2% upside from the previous close of $53.50. Read More.

Da 24/7WallStreet:

Apple Inc. (NASDAQ: AAPL) has seen several analysts opine about the iPhone 8 launch and the
implications, but Morgan Stanley reiterated its Overweight rating and raised its target price to
$194 from $182 (versus a $158.67 prior close). The firm feels the weaker dollar will allow it to
raise prices overseas without any penalty or impact, and that will drive up earnings. Apple has a
52-week trading range of $104.08 to $164.94, and it had a consensus analyst target price of
$172.35.

Nike Inc. (NYSE: NKE) was maintained as Hold at Jefferies, but the price target was cut to $49
from $60. The firm noted that sales data indicates Nike is losing to Adidas at in North America
and in Europe and in online sales. Its cautious stance came with expectations of downward
consensus revisions and the dreaded multiple compression. Nike was also downgraded to
Neutral from Positive with a $54 price target at Susquehanna.

Tesla Inc. (NASDAQ: TSLA) was started with an Underperform rating and assigned a
$280 price target at Jefferies. That target that is more than $100 under the current
share price of about $385. The firm noted that the coverage comes with a heavy heart as
its achievements to-date and vision are impressive, but the firm does not believe that

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 Irrobuxtiamo la strategia 19 Settembre 2017
Teslas vertically integrated business model can be scaled up as profitably and quickly as
the consensus thinks and valuation multiples imply.

Under Armour Inc. (NYSE: UAA) was downgraded to Underperform from Market
Perform at Wells Fargo. Its shares were down 2.4% at $17.37 on Monday and were
indicated down another 2.9% or so at 16.90 on Tuesday. Under Armour has a 52-week
range of $15.92 to $40.14, and it had a $19.81 consensus target price.

Time Warner Inc. (NYSE: TWX) was downgraded to Neutral from Outperform at Credit Suisse,
but that is ahead of its AT&T merger and close to its buyout price.

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