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Sabre Arc Capital ended the month of January at a record $910,175.12!
Dividends & Interest
The fund received $833.43 in dividends and interest thanks to Nike, Disney, and Alibaba. We may be down $26K on our Alibaba Position, but we at least received $252.84 in dividends!
Securities Purchased
I succumbed to a moment of weakness and purchased another $2,000 of PayPal. The Company is by far the worst position in our portfolio; however, I remain bullish on the economic outlook of the Company. It’s funny how much your cost basis and market sentiment affect your general deposition towards a security. This position also reminds me of the perils of chasing security during periods of FOMO.
Lastly is a snapshot of the portfolio: Berkshire, Amazon, and Disney continue to make up more than 55% of total holdings.
I hope that this July, I’ll be in theaters watching Deadpool with a smile on my face, knowing that our Disney position is finally in the green.
Now, let’s get to some earnings!
January 2024 Earnings
JPMorgan Chase
The bank generated nearly $50 billion of profit in 2023, $4.1 billion of which came from First Republic.
“The U.S. economy continues to be resilient, with consumers still spending, and markets currently expect a soft landing.”
Wells Fargo
The bank’s provision for credit losses was $1.28 billion, compared with $957 million in the same period last year. The increase was driven by higher allowances for credit losses on credit cards and commercial real estate loans.
“As we look forward, our business performance remains sensitive to interest rates and the health of the U.S. economy, but we are confident that the actions we are taking will drive stronger returns over the cycle.”
Netflix
The company added 13.1 million new subscribers in the quarter, bringing its worldwide total to 260.3 million.
Profits were $1.976 billion.
Tesla
Total revenue increased 3% from $24.3 billion a year earlier. Operating margin for the quarter came in at 8.2%, down from the year-ago quarter’s figure of 16% and slightly higher than 7.6% in the prior quarter.
“two major growth waves.” Wave one was the commercialization of mass-market battery-electric vehicles. Wave two is partly predicated on self-driving cars and energy-storage applications.
Visa
-Visa reported a 9% increase in payment volume and a 10% increase in processed transactions for both Q4 and the full fiscal year.
Alphabet
Google recorded $65.5 billion of total advertising sales in the fourth quarter, an increase of 11% from the same period last year.
Sales in Google’s cloud-computing business climbed 26%
Starbucks
China, the company’s second-largest market, reported same-store sales growth of 10%.
$3.6 Billion was loaded onto gift cards during the holidays.