Micron Technology, Inc. ( MU ) is the largest US memory company and a leading global supplier of DRAM, NOR, and NAND memory, which turned out to be one of the best in its class in terms of shareholders' returns for thisA seasoned consulting specialist at a leading Central Asian bank. The author behind Novo Capital brings half a decade of experience delivering strategic insight and analysis for the bank's clientele within the private banking branch. Launching the career back in 2020 after graduating from a t ...

Core Insights - The importance of due diligence in investing is emphasized, distinguishing between informed investors and speculators [2][7] - Current earnings reports show strong growth across S&P companies, with an 83% beat rate on revenue and 76% on earnings, indicating overall corporate health [11][12] - Analysts have underestimated earnings growth, with overall earnings growing by 10% for three consecutive quarters [12][13] Group 1: Due Diligence Steps - Step one involves understanding the business model clearly, with examples like Apple, Coca-Cola, and Nvidia provided [3] - Step two focuses on financial analysis, including revenue growth, profit authenticity, and debt management [4] - Step three highlights the importance of management transparency and accountability [5] - Step four stresses the significance of valuation, comparing PE ratios with competitors [5] - Step five encourages identifying potential risks associated with investments [6] - Step six advises investors to define their investment time frame and strategy [6] Group 2: Market Trends and Opportunities - The energy sector is identified as undervalued, with its representation in the S&P 500 at below 3% [14] - Companies like Haloymes are highlighted for their innovative approaches in healthcare, trading at low forward earnings multiples [14][15] - The discussion includes the potential of small modular reactors and the need for energy infrastructure to support data centers [50][52] - The importance of HVAC services for data centers is noted as a growing market opportunity [51] Group 3: Earnings and Market Dynamics - The S&P 500's performance is driven by tech sector earnings growth, which is at 26% this quarter, surpassing expectations [30] - The equal-weight S&P 500 underperformed, suggesting a concentration of gains in larger tech stocks [28][29] - The conversation indicates a balanced investment approach, suggesting reallocating profits from tech into undervalued sectors like healthcare and energy [30][32] Group 4: Policy and Economic Outlook - The impact of recent policy changes and trade agreements on market clarity and corporate investment is discussed [36][37] - The labor market's evolution is highlighted, with new job creation expected in tech and energy sectors despite concerns about job displacement due to AI [41][42] - The potential for new construction and contracting services related to data centers and energy infrastructure is identified as a growth area [23][50]

Core Points - JPMorgan Chase & Co. is contesting a $115 million legal bill related to fraud committed by former associates Charlie Javice and Olivier Amar, who defrauded the bank of $175 million [1][3] - The legal representatives of Javice and Amar have billed JPMorgan approximately $60.1 million and $55.2 million respectively, contributing to the disputed total [2] - A Delaware court upheld a clause in JPMorgan's merger agreement with Frank, requiring the bank to cover the legal costs for the convicted founders despite their fraud convictions [3] Legal Context - JPMorgan is seeking to recover expenses as part of a $287.5 million restitution order, which includes other losses related to the merger [4] - The ongoing legal situation highlights the risks and liabilities financial institutions face when entering partnerships, emphasizing the need for thorough due diligence and legal safeguards [4]

“The due diligence appears almost comically absent.” How a virtually unknown trader burned Wall Street in a $2.6 billion trade that’s now at the heart of a London lawsuit https://t.co/aH3ergHS1E ...

Intel must reassure its investors and US taxpayers that it did its due diligence on whatever ties Lip-Bu Tan might have to China, @DaveLeeBBG says (via @opinion) https://t.co/zc384xGOff ...