MORAM Capital
@moramcapital.bsky.social
Independent Equity Research on actionable L/S situations
https://moram.eu
https://moram.eu
⛵️ The Week in the Markets 🎯
🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬
🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬
April 26, 2025 at 6:09 AM
⛵️ The Week in the Markets 🎯
🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬
🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬
⛵️ The Week in the Markets 🎯
🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬
🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬
April 26, 2025 at 6:07 AM
⛵️ The Week in the Markets 🎯
🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬
🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬
⛵️ The Week in the Markets 🎯
🟢 Europe 🇪🇸🇮🇹🇩🇪🇫🇷
🟢 Russell 2000 🇺🇸
🟢 China & Japan 🇨🇳🇯🇵
🟢 Oil & European gas 🛢️
🟢 Gold 🥇
🟢 GBP 🇬🇧
🔴 S&P 500 & Nasdaq 100 🇺🇸
🔴 Mag7 🇺🇸
🔴 US Dollar 🇺🇸
🔴 VIX
🟢 Europe 🇪🇸🇮🇹🇩🇪🇫🇷
🟢 Russell 2000 🇺🇸
🟢 China & Japan 🇨🇳🇯🇵
🟢 Oil & European gas 🛢️
🟢 Gold 🥇
🟢 GBP 🇬🇧
🔴 S&P 500 & Nasdaq 100 🇺🇸
🔴 Mag7 🇺🇸
🔴 US Dollar 🇺🇸
🔴 VIX
April 19, 2025 at 6:21 AM
⛵️ The Week in the Markets 🎯
🟢 Europe 🇪🇸🇮🇹🇩🇪🇫🇷
🟢 Russell 2000 🇺🇸
🟢 China & Japan 🇨🇳🇯🇵
🟢 Oil & European gas 🛢️
🟢 Gold 🥇
🟢 GBP 🇬🇧
🔴 S&P 500 & Nasdaq 100 🇺🇸
🔴 Mag7 🇺🇸
🔴 US Dollar 🇺🇸
🔴 VIX
🟢 Europe 🇪🇸🇮🇹🇩🇪🇫🇷
🟢 Russell 2000 🇺🇸
🟢 China & Japan 🇨🇳🇯🇵
🟢 Oil & European gas 🛢️
🟢 Gold 🥇
🟢 GBP 🇬🇧
🔴 S&P 500 & Nasdaq 100 🇺🇸
🔴 Mag7 🇺🇸
🔴 US Dollar 🇺🇸
🔴 VIX
⛵️ The Week in the Markets 🎯
🟢 10Y Treasury Yield 🇺🇸
🟢 Gold 🥇
🟢 Euro 🇪🇺
🟢 S&P 500 , Nasdaq 100 🇺🇸
🟢 Technology📱
🔴 VIX
🔴 China 🇨🇳
🔴 Commodities 🛢️
🔴 Europe 🇩🇪🇫🇷🇮🇹🇪🇸
🟢 10Y Treasury Yield 🇺🇸
🟢 Gold 🥇
🟢 Euro 🇪🇺
🟢 S&P 500 , Nasdaq 100 🇺🇸
🟢 Technology📱
🔴 VIX
🔴 China 🇨🇳
🔴 Commodities 🛢️
🔴 Europe 🇩🇪🇫🇷🇮🇹🇪🇸
April 12, 2025 at 7:24 AM
⛵️ The Week in the Markets 🎯
🟢 10Y Treasury Yield 🇺🇸
🟢 Gold 🥇
🟢 Euro 🇪🇺
🟢 S&P 500 , Nasdaq 100 🇺🇸
🟢 Technology📱
🔴 VIX
🔴 China 🇨🇳
🔴 Commodities 🛢️
🔴 Europe 🇩🇪🇫🇷🇮🇹🇪🇸
🟢 10Y Treasury Yield 🇺🇸
🟢 Gold 🥇
🟢 Euro 🇪🇺
🟢 S&P 500 , Nasdaq 100 🇺🇸
🟢 Technology📱
🔴 VIX
🔴 China 🇨🇳
🔴 Commodities 🛢️
🔴 Europe 🇩🇪🇫🇷🇮🇹🇪🇸
An interesting chart for moments of panic like the current one
April 5, 2025 at 3:00 PM
An interesting chart for moments of panic like the current one
⛵️The Week in the Markets 🎯
🩸A week for the history books🩸
🟢 VIX
🟢 Euro € 🇪🇺
🔴 S&P500,Nasdaq100,Russell 🇺🇸
🔴 Eurozone markets 🇮🇹🇫🇷🇩🇪🇪🇸
🔴 Nikkei 🇯🇵
🔴 Oil & Gas 🛢️
🔴 Mag7
🔴 10Y Yield 🇺🇸
🔴 Gold 🎖️
🩸A week for the history books🩸
🟢 VIX
🟢 Euro € 🇪🇺
🔴 S&P500,Nasdaq100,Russell 🇺🇸
🔴 Eurozone markets 🇮🇹🇫🇷🇩🇪🇪🇸
🔴 Nikkei 🇯🇵
🔴 Oil & Gas 🛢️
🔴 Mag7
🔴 10Y Yield 🇺🇸
🔴 Gold 🎖️
April 5, 2025 at 5:56 AM
⛵️The Week in the Markets 🎯
🩸A week for the history books🩸
🟢 VIX
🟢 Euro € 🇪🇺
🔴 S&P500,Nasdaq100,Russell 🇺🇸
🔴 Eurozone markets 🇮🇹🇫🇷🇩🇪🇪🇸
🔴 Nikkei 🇯🇵
🔴 Oil & Gas 🛢️
🔴 Mag7
🔴 10Y Yield 🇺🇸
🔴 Gold 🎖️
🩸A week for the history books🩸
🟢 VIX
🟢 Euro € 🇪🇺
🔴 S&P500,Nasdaq100,Russell 🇺🇸
🔴 Eurozone markets 🇮🇹🇫🇷🇩🇪🇪🇸
🔴 Nikkei 🇯🇵
🔴 Oil & Gas 🛢️
🔴 Mag7
🔴 10Y Yield 🇺🇸
🔴 Gold 🎖️
The YTD of the Mag7 is disastrous
🟢 META - 2.50%
🟡 S&P 500 - 8.86%
🔴 Microsoft - 10.13%
🔴 Amazon - 12.16%
🔴 Apple - 12.99%
🔴 NVIDIA - 18.37%
🔴 Alphabet - 18.47%
🔴 Tesla - 34.66%
In fact, compared to the S&P 500 Equal Weight (-1.86% YTD) , it’s clear that they are the ones dragging down the indices
🟢 META - 2.50%
🟡 S&P 500 - 8.86%
🔴 Microsoft - 10.13%
🔴 Amazon - 12.16%
🔴 Apple - 12.99%
🔴 NVIDIA - 18.37%
🔴 Alphabet - 18.47%
🔴 Tesla - 34.66%
In fact, compared to the S&P 500 Equal Weight (-1.86% YTD) , it’s clear that they are the ones dragging down the indices
March 30, 2025 at 2:54 PM
The YTD of the Mag7 is disastrous
🟢 META - 2.50%
🟡 S&P 500 - 8.86%
🔴 Microsoft - 10.13%
🔴 Amazon - 12.16%
🔴 Apple - 12.99%
🔴 NVIDIA - 18.37%
🔴 Alphabet - 18.47%
🔴 Tesla - 34.66%
In fact, compared to the S&P 500 Equal Weight (-1.86% YTD) , it’s clear that they are the ones dragging down the indices
🟢 META - 2.50%
🟡 S&P 500 - 8.86%
🔴 Microsoft - 10.13%
🔴 Amazon - 12.16%
🔴 Apple - 12.99%
🔴 NVIDIA - 18.37%
🔴 Alphabet - 18.47%
🔴 Tesla - 34.66%
In fact, compared to the S&P 500 Equal Weight (-1.86% YTD) , it’s clear that they are the ones dragging down the indices
⛵️Analysis of the Italian Superyacht companies🇮🇹
• Sanlorenzo SL.MI
• The Italian Sea Group TISG.MI
• Ferretti YACHT.MI
💎Downloadable DCF models, backlog analysis, order intakes, geographic insights, M&A activity, financials…
🎯Our thoughts on an industry we have been covering for the last 4 years
• Sanlorenzo SL.MI
• The Italian Sea Group TISG.MI
• Ferretti YACHT.MI
💎Downloadable DCF models, backlog analysis, order intakes, geographic insights, M&A activity, financials…
🎯Our thoughts on an industry we have been covering for the last 4 years
March 16, 2025 at 8:30 PM
⛵️Analysis of the Italian Superyacht companies🇮🇹
• Sanlorenzo SL.MI
• The Italian Sea Group TISG.MI
• Ferretti YACHT.MI
💎Downloadable DCF models, backlog analysis, order intakes, geographic insights, M&A activity, financials…
🎯Our thoughts on an industry we have been covering for the last 4 years
• Sanlorenzo SL.MI
• The Italian Sea Group TISG.MI
• Ferretti YACHT.MI
💎Downloadable DCF models, backlog analysis, order intakes, geographic insights, M&A activity, financials…
🎯Our thoughts on an industry we have been covering for the last 4 years
⛵️ The Week in the Markets 🎯
🟢 VIX
🟢 Europe 🇪🇸🇮🇹🇩🇪🇬🇧
🟢 TLT
🟢 Value
🟢 Financials, Real Estate, Health
🟢 US Dollar
🔴 Mag7 🇺🇸
🔴 #Nasdaq100 🇺🇸
🔴 #Bitcoin
🔴 #Ethereum
🔴 Natural gas 🇺🇸🇪🇺
🔴 Technology
🔴 Japan 🇯🇵
🟢 VIX
🟢 Europe 🇪🇸🇮🇹🇩🇪🇬🇧
🟢 TLT
🟢 Value
🟢 Financials, Real Estate, Health
🟢 US Dollar
🔴 Mag7 🇺🇸
🔴 #Nasdaq100 🇺🇸
🔴 #Bitcoin
🔴 #Ethereum
🔴 Natural gas 🇺🇸🇪🇺
🔴 Technology
🔴 Japan 🇯🇵
March 1, 2025 at 1:27 PM
⛵️ The Week in the Markets 🎯
🟢 VIX
🟢 Europe 🇪🇸🇮🇹🇩🇪🇬🇧
🟢 TLT
🟢 Value
🟢 Financials, Real Estate, Health
🟢 US Dollar
🔴 Mag7 🇺🇸
🔴 #Nasdaq100 🇺🇸
🔴 #Bitcoin
🔴 #Ethereum
🔴 Natural gas 🇺🇸🇪🇺
🔴 Technology
🔴 Japan 🇯🇵
🟢 VIX
🟢 Europe 🇪🇸🇮🇹🇩🇪🇬🇧
🟢 TLT
🟢 Value
🟢 Financials, Real Estate, Health
🟢 US Dollar
🔴 Mag7 🇺🇸
🔴 #Nasdaq100 🇺🇸
🔴 #Bitcoin
🔴 #Ethereum
🔴 Natural gas 🇺🇸🇪🇺
🔴 Technology
🔴 Japan 🇯🇵
⛵️Magnificent 7 - YTD’25 Performance🎯
🟢 META + 14.12%
🟡 S&P 500 - 0.35%
🔴 Amazon - 3.38%
🔴 Apple - 3.60%
🔴 Microsoft - 5.82%
🔴 NVIDIA - 7.06%
🔴 Alphabet - 10.05%
🔴 Tesla - 27.43%
• S&P equal weight +2.82%
🟢 META + 14.12%
🟡 S&P 500 - 0.35%
🔴 Amazon - 3.38%
🔴 Apple - 3.60%
🔴 Microsoft - 5.82%
🔴 NVIDIA - 7.06%
🔴 Alphabet - 10.05%
🔴 Tesla - 27.43%
• S&P equal weight +2.82%
February 28, 2025 at 10:14 PM
⛵️Magnificent 7 - YTD’25 Performance🎯
🟢 META + 14.12%
🟡 S&P 500 - 0.35%
🔴 Amazon - 3.38%
🔴 Apple - 3.60%
🔴 Microsoft - 5.82%
🔴 NVIDIA - 7.06%
🔴 Alphabet - 10.05%
🔴 Tesla - 27.43%
• S&P equal weight +2.82%
🟢 META + 14.12%
🟡 S&P 500 - 0.35%
🔴 Amazon - 3.38%
🔴 Apple - 3.60%
🔴 Microsoft - 5.82%
🔴 NVIDIA - 7.06%
🔴 Alphabet - 10.05%
🔴 Tesla - 27.43%
• S&P equal weight +2.82%
🇮🇹Campari – Deep dive $CPR.MI
One of the top players in premium spirits, down ~60% in 18 months (industry headwinds & internal issues)
🍹Aperol (25% of sales) 19% CAGR since 2003
📊 Available to download the full spreadsheet with all the data
💎One of our most detailed analysis in the last 5 years
One of the top players in premium spirits, down ~60% in 18 months (industry headwinds & internal issues)
🍹Aperol (25% of sales) 19% CAGR since 2003
📊 Available to download the full spreadsheet with all the data
💎One of our most detailed analysis in the last 5 years
February 24, 2025 at 6:28 PM
🇮🇹Campari – Deep dive $CPR.MI
One of the top players in premium spirits, down ~60% in 18 months (industry headwinds & internal issues)
🍹Aperol (25% of sales) 19% CAGR since 2003
📊 Available to download the full spreadsheet with all the data
💎One of our most detailed analysis in the last 5 years
One of the top players in premium spirits, down ~60% in 18 months (industry headwinds & internal issues)
🍹Aperol (25% of sales) 19% CAGR since 2003
📊 Available to download the full spreadsheet with all the data
💎One of our most detailed analysis in the last 5 years
🎯So far, the #Mag7 ‘s earnings season has been great, but the gap with the rest of the S&P 500 is narrowing dramatically
The sectors that contribute most to closing the gap this Earning Season are:
🟢 Financials
🟢 Health care
🟢 Real Estate
The sectors that contribute most to closing the gap this Earning Season are:
🟢 Financials
🟢 Health care
🟢 Real Estate
February 15, 2025 at 2:04 PM
🎯So far, the #Mag7 ‘s earnings season has been great, but the gap with the rest of the S&P 500 is narrowing dramatically
The sectors that contribute most to closing the gap this Earning Season are:
🟢 Financials
🟢 Health care
🟢 Real Estate
The sectors that contribute most to closing the gap this Earning Season are:
🟢 Financials
🟢 Health care
🟢 Real Estate
⛵️ The Week in the Markets 🎯
🟢 Nasdaq 100
🟢 Europe 🇪🇺
🟢 China 🇨🇳
🟢 Natural gas 🇺🇸
🟢 Mag7
🔴 VIX
🔴 Natural gas 🇪🇺
🔴 US Dollar
🔴 Small Caps
🟢 Nasdaq 100
🟢 Europe 🇪🇺
🟢 China 🇨🇳
🟢 Natural gas 🇺🇸
🟢 Mag7
🔴 VIX
🔴 Natural gas 🇪🇺
🔴 US Dollar
🔴 Small Caps
February 15, 2025 at 6:50 AM
⛵️ The Week in the Markets 🎯
🟢 Nasdaq 100
🟢 Europe 🇪🇺
🟢 China 🇨🇳
🟢 Natural gas 🇺🇸
🟢 Mag7
🔴 VIX
🔴 Natural gas 🇪🇺
🔴 US Dollar
🔴 Small Caps
🟢 Nasdaq 100
🟢 Europe 🇪🇺
🟢 China 🇨🇳
🟢 Natural gas 🇺🇸
🟢 Mag7
🔴 VIX
🔴 Natural gas 🇪🇺
🔴 US Dollar
🔴 Small Caps
🍹 Guide to the Beverage industry 🍷
February 3, 2025 at 7:43 AM
🍹 Guide to the Beverage industry 🍷
⛵️New Fortress Energy – Special Update
• With Fast LNG 1 producing at 120% nameplate capacity, and delays in some assets (plus others still not operating at 100%), $NFE is once again taking huge advantage of the TTF-HH Trade
🎯Link on bio
• With Fast LNG 1 producing at 120% nameplate capacity, and delays in some assets (plus others still not operating at 100%), $NFE is once again taking huge advantage of the TTF-HH Trade
🎯Link on bio
February 2, 2025 at 4:18 PM
⛵️New Fortress Energy – Special Update
• With Fast LNG 1 producing at 120% nameplate capacity, and delays in some assets (plus others still not operating at 100%), $NFE is once again taking huge advantage of the TTF-HH Trade
🎯Link on bio
• With Fast LNG 1 producing at 120% nameplate capacity, and delays in some assets (plus others still not operating at 100%), $NFE is once again taking huge advantage of the TTF-HH Trade
🎯Link on bio
🍔 Opportunities & Value Traps in the US Restaurant (Franchisors) Industry 🍕
• We observe very different situations among the 6 companies
• We analyse restaurant growth, evolution of their business model, capital allocation, contract structures, valuations.. & share the spreadsheet with all data
• We observe very different situations among the 6 companies
• We analyse restaurant growth, evolution of their business model, capital allocation, contract structures, valuations.. & share the spreadsheet with all data
January 28, 2025 at 4:09 PM
🍔 Opportunities & Value Traps in the US Restaurant (Franchisors) Industry 🍕
• We observe very different situations among the 6 companies
• We analyse restaurant growth, evolution of their business model, capital allocation, contract structures, valuations.. & share the spreadsheet with all data
• We observe very different situations among the 6 companies
• We analyse restaurant growth, evolution of their business model, capital allocation, contract structures, valuations.. & share the spreadsheet with all data
🍷🇮🇹We have just published an update on one of our key companies including:
• Revised projections for the upcoming earnings and 2025
• Discussed the sales data for Italian wines (and exports to each country) in 2024
• The expected impact on € devaluation
• Their new wine non-alcoholic line…
• Revised projections for the upcoming earnings and 2025
• Discussed the sales data for Italian wines (and exports to each country) in 2024
• The expected impact on € devaluation
• Their new wine non-alcoholic line…
Special Equity Research Recap - Italian Wine Brands
IWB FY24 results are going to be extraordinary
open.substack.com
January 23, 2025 at 9:25 PM
🍷🇮🇹We have just published an update on one of our key companies including:
• Revised projections for the upcoming earnings and 2025
• Discussed the sales data for Italian wines (and exports to each country) in 2024
• The expected impact on € devaluation
• Their new wine non-alcoholic line…
• Revised projections for the upcoming earnings and 2025
• Discussed the sales data for Italian wines (and exports to each country) in 2024
• The expected impact on € devaluation
• Their new wine non-alcoholic line…
🟢During this earnings season, we’ll try to share each day a preview of a company reporting the next day
🎯We start with Netflix, reporting on 21/01
• Revenue Est: $10.15Bn
• EPS Est: $4.21
😉Feel free to ask us to add any data
💎You will have the transcripts & data on our website
#Stocks #Market
🎯We start with Netflix, reporting on 21/01
• Revenue Est: $10.15Bn
• EPS Est: $4.21
😉Feel free to ask us to add any data
💎You will have the transcripts & data on our website
#Stocks #Market
January 20, 2025 at 12:34 PM