Author | Lightnews

MORAM Capital @moramcapital.bsky.social · Apr 26

⛵️ The Week in the Markets 🎯

🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬

1

MORAM Capital @moramcapital.bsky.social · Apr 26

⛵️ The Week in the Markets 🎯

🟢 Mag7 🇺🇸
🟢 Europe 🇮🇹🇪🇸🇫🇷🇩🇪🇬🇧
🟢 China & Japan 🇨🇳🇯🇵
🟢 Bitcoin
🟢 Emerging Countries 🇧🇷🇲🇽🇨🇳
🔴 VIX
🔴 10Y Yield 🇺🇸
🔴 Oil & Gas 🛢️
🔴 Consumer Staples 🥬

1

MORAM Capital @moramcapital.bsky.social · Apr 19

⛵️ The Week in the Markets 🎯

🟢 Europe 🇪🇸🇮🇹🇩🇪🇫🇷
🟢 Russell 2000 🇺🇸
🟢 China & Japan 🇨🇳🇯🇵
🟢 Oil & European gas 🛢️
🟢 Gold 🥇
🟢 GBP 🇬🇧
🔴 S&P 500 & Nasdaq 100 🇺🇸
🔴 Mag7 🇺🇸
🔴 US Dollar 🇺🇸
🔴 VIX

1

MORAM Capital @moramcapital.bsky.social · Apr 12

⛵️ The Week in the Markets 🎯

🟢 10Y Treasury Yield 🇺🇸
🟢 Gold 🥇
🟢 Euro 🇪🇺
🟢 S&P 500 , Nasdaq 100 🇺🇸
🟢 Technology📱
🔴 VIX
🔴 China 🇨🇳
🔴 Commodities 🛢️
🔴 Europe 🇩🇪🇫🇷🇮🇹🇪🇸

1

MORAM Capital @moramcapital.bsky.social · Apr 5

An interesting chart for moments of panic like the current one

2

MORAM Capital @moramcapital.bsky.social · Apr 5

⛵️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 🎖️

1

MORAM Capital @moramcapital.bsky.social · Mar 30

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

3

MORAM Capital @moramcapital.bsky.social · Mar 16

⛵️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

1

MORAM Capital @moramcapital.bsky.social · Mar 8

⛵️The Week in the Markets 🎯

🟢 Europe 🇫🇷🇩🇪
🟢 China 🇨🇳
🟢 VIX
🟢 Gold
🟢 10Y Yields
🟢 Henry Hub
🔴 S&P 500, #Nasdaq , Russel 🇺🇸
🔴 UK 🇬🇧
🔴 US Dollar
🔴 Oil
🔴 Mag7

Note: MSCI Country index performance is impacted by US dollar devaluation

#Finance #Markets #Economy

MORAM Capital @moramcapital.bsky.social · Mar 1

⛵️ The Week in the Markets 🎯

🟢 VIX
🟢 Europe 🇪🇸🇮🇹🇩🇪🇬🇧
🟢 TLT
🟢 Value
🟢 Financials, Real Estate, Health
🟢 US Dollar
🔴 Mag7 🇺🇸
🔴 #Nasdaq100 🇺🇸
🔴 #Bitcoin
🔴 #Ethereum
🔴 Natural gas 🇺🇸🇪🇺
🔴 Technology
🔴 Japan 🇯🇵

3

MORAM Capital @moramcapital.bsky.social · Feb 28

⛵️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%

1 1

MORAM Capital @moramcapital.bsky.social · Feb 24

🇮🇹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

2

MORAM Capital @moramcapital.bsky.social · Feb 15

🎯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

1

MORAM Capital @moramcapital.bsky.social · Feb 15

⛵️ The Week in the Markets 🎯

🟢 Nasdaq 100
🟢 Europe 🇪🇺
🟢 China 🇨🇳
🟢 Natural gas 🇺🇸
🟢 Mag7
🔴 VIX
🔴 Natural gas 🇪🇺
🔴 US Dollar
🔴 Small Caps

1

MORAM Capital @moramcapital.bsky.social · Feb 3

🍹 Guide to the Beverage industry 🍷

MORAM Capital @moramcapital.bsky.social · Feb 2

⛵️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

MORAM Capital @moramcapital.bsky.social · Feb 1

⛵️ The Week in the Markets 🎯

🟢 #VIX + 10.64%
🟢 #Gold + 1.93%
🟢 #EuroStoxx +1.3%
🟢 US #Dollar +0.89%
🔴 #S&P 500 -1%
🔴 #Mag7 -1.19%
🔴 #Nasdaq 100 -1.36%
🔴 #Brent -2.52%
🔴 #Bitcoin -3%
🔴 Henry Hub -23.5%

1

MORAM Capital @moramcapital.bsky.social · Jan 31

⛵️Magnificent 7 - Jan’25 Performance🎯

🟢 META + 17.71%
🟢 Amazon + 8.34%
🟢 Alphabet + 7.78%
🟡 S&P 500 + 2.62%
🔴 Tesla + 0.29%
🔴 Microsoft -1.53%
🔴 Apple - 5.76%
🔴 NVIDIA - 10.59%

• S&P equal weight +3.43%

#Markets #Finance #Tesla #Apple #NVIDIA #META

3

MORAM Capital @moramcapital.bsky.social · Jan 28

🍔 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

MORAM Capital @moramcapital.bsky.social · Jan 26

The weakness of the #dollar has turned our currency one-pager green this week

🟢Remarkable strength of the 🇷🇺 Ruble helped by comments of the new administration #Trump

🟢The 🇵🇱 #stock #market stands out at the beginning of this year

MORAM Capital @moramcapital.bsky.social · Jan 25

⛵️The Week in the Markets 🎯

🟢 Equities 🇪🇺🇺🇸🇬🇧🇯🇵🇨🇳
🟢 Gold
🟢 Natural Gas

🔴Oil
🔴US Dollar
🔴Crypto
🔴India

#Stock #Market #Finance #Bitcoin #Nasdaq #FinSky

1

MORAM Capital @moramcapital.bsky.social · Jan 23

🍷🇮🇹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…

Special Equity Research Recap - Italian Wine Brands

IWB FY24 results are going to be extraordinary

open.substack.com

1

MORAM Capital @moramcapital.bsky.social · Jan 23

✈️ American Airlines - 4Q24 Earnings Season 🎯

🟢As we did with Netflix and will try to continue doing throughout the 4Q24 earnings season, we have published the earnings preview for AAL

• Revenue $ 13.12 Bn

• EPS $ 0.39

#Stocks #Markets #Airlines

MORAM Capital @moramcapital.bsky.social · Jan 20

🇺🇸 Main reactions to Trump's inaugural speech:

🟢 Russell 2000
🟢 Euro Stoxx 50
🔴 Bitcoin
🔴 US Dollar
🔴 Oil
🔴 Gold
🔴 10Y Yields

#Stocks #Markets #Trump #US

MORAM Capital @moramcapital.bsky.social · Jan 20

🟢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

1