Market Overview - The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced double-digit percentage growth and reached multiple record-closing highs in 2024 [1] Sirius XM Holdings - Sirius XM is a legal monopoly as the only licensed satellite-radio operator, giving it significant subscription pricing power [2] - The company updated its pricing structure in November 2024, moving away from discounting practices and focusing on subscription simplicity [2] - Sirius XM is valued at less than 8 times forward-year earnings and is approaching a 5% dividend yield [3] - The company generated nearly 77% of its net sales from subscriptions in the first nine months of 2024, making it more resilient during economic downturns compared to traditional radio companies [14] Pfizer - Pfizer's shares have been negatively impacted by declining sales of its COVID-19 therapies, Comirnaty and Paxlovid, but this presents an opportunity for long-term investors [4] - The company has a forward P/E ratio of 9 and a historically high yield of 65% [5] - Pfizer's acquisition of cancer-drug developer Seagen for $43 billion in December 2023 significantly expanded its oncology pipeline and is expected to positively impact EPS and result in cost savings starting in 2025 [16] - Despite a decline in COVID-19 therapy sales, Pfizer's net sales have risen by 46% over the last four years, driven by growth in key operating segments such as oncology and specialty care [22] Alibaba - Alibaba dominates China's online retail market with Taobao and Tmall accounting for almost 51% of online sales in 2023 [6] - The company closed the September quarter with $619 billion in cash, equity securities, short-term investments, and restricted cash, providing flexibility for stock repurchases and growth initiatives [18] - Alibaba is the leading cloud infrastructure service platform in China with a 39% market share entering 2024 and is leveraging the AI revolution to drive margins and sustained double-digit growth [24] PubMatic - PubMatic's management decision to build its own cloud-based infrastructure instead of relying on third-party providers is expected to result in superior operating margins as the company scales [8] - The company is focused on digital advertising, particularly in video, mobile, and connected TV, positioning it well for long-term growth given the disproportionate length of economic expansions compared to recessions [19] - PubMatic ended the third quarter with $1404 million in cash, cash equivalents, and marketable securities, and has no debt, with a valuation of 18 times forward-year earnings and the potential for sustained double-digit EPS growth [26] Johnson & Johnson - Johnson & Johnson is one of only two publicly traded companies with a AAA credit rating from Standard & Poor's and has sufficient operating cash flow and cash on its balance sheet to cover potential legal settlements [27] - The company has a forward P/E ratio of 137, a low-water mark over the last decade, and a yield of 34%, nearly at its highest point in 10 years [28] - Johnson & Johnson's shift to novel drug development provides a path to faster growth and substantially higher margins despite the finite sales exclusivity of brand-name drugs [21]

Investment Strategy - The company focuses on avoiding overhyped and overvalued stocks while targeting battered stocks with significant upside recovery potential [2] - The strategy is designed for investors seeking growth stocks with robust fundamentals, buying momentum, and turnaround plays at highly attractive valuations [3] - The company identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500 [4] Sector Focus - The company specializes in identifying high-potential opportunities across various sectors, focusing on ideas with strong growth potential and well-beaten contrarian plays [5] - The investment approach combines sharp price action analysis with fundamentals investing, targeting growth investing opportunities with the most attractive risk/reward upside potential [6] Analyst Recognition - The company's analyst is recognized by TipRanks as a Top Analyst and by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, Internet, Growth, and GARP [1]

Alibaba Stock Analysis - Alibaba's stock price increased from $75 at the beginning of 2024 to $85, indicating significant growth potential [1] - The analyst maintains a beneficial long position in Alibaba through stock ownership, options, or other derivatives [1] MMMT Wealth Background - MMMT Wealth is managed by Oliver, a CPA with expertise in private equity, hedge funds, and asset management [2] - Oliver focuses on investment strategies and stocks, utilizing insights from investor calls, presentations, financials, and news [2] - The investment horizon for MMMT Wealth is typically 3-5 years, emphasizing long-term value creation [2] - Oliver has 5 years of investing experience and 4 years as a CPA, demonstrating a strong foundation in financial analysis [2]

Group 1 - Alibaba is reportedly establishing a new online shopping venture with South Korean retailer E-Mart, which could be valued at approximately $4 billion [1][2] - The joint venture is set to launch next year, with both platforms, AliExpress Korea and Gmarket, operating independently and forming a 50-50 partnership [3][6] - This announcement follows Alibaba's recent decision to merge its domestic and international eCommerce businesses into a single unit, creating the Alibaba eCommerce Business Group [4] Group 2 - Shinsegae Group, the parent company of E-Mart, anticipates that collaboration with Alibaba will enhance its Gmarket services and improve customer experience in the competitive eCommerce landscape [3] - The eCommerce industry is entering a new era, with global supply chain capabilities and consumer service capabilities becoming critical for future competitiveness [7]

South Korean E-commerce Market Overview - The South Korean e-commerce market is one of the largest and most competitive globally, with key players including Coupang, Temu, and AliExpress [1] E-Mart and Alibaba Joint Venture - E-Mart, a subsidiary of Shinsegae Group, has agreed to form a joint venture with Alibaba to combine domestic distribution expertise with Alibaba's e-commerce and IT capabilities [2][6] - The joint venture, named Grand Opus Holding, will be equally owned by E-Mart's subsidiary Apollo Korea and Alibaba's AliExpress International (Netherlands) and is set to launch in 2025 [4] - The partnership aims to expand sales channels for domestic sellers' products globally and improve Gmarket's services and customer experience [2][9] - The announcement of the joint venture led to a 5.45% increase in E-Mart's shares, resulting in a market cap of 2.1 trillion won (approximately $1.4 billion) [2] Shinsegae Group Leadership and Acquisitions - Chung Yong-jin, a billionaire and member of the Shinsegae Group, was promoted to chairman in March 2023 [5] - Shinsegae Group acquired Gmarket as part of its $3 billion purchase of eBay's South Korean business in 2021 and also acquired South Korean fashion app W Concept for 265 billion won the same year [11] Gmarket Performance and Leadership - Gmarket, Shinsegae's online shopping platform, reported revenue of 1.2 trillion won and a loss of 11 billion won in the previous year [8] - Danny Chung, Gmarket's CEO, joined the company in July from Alibaba, where he served as Korea general manager [8]

Core Insights - The video discusses Alibaba (BABA) and two other Chinese companies that are considered good investment opportunities before 2025 [1] Company Analysis - Alibaba is highlighted as a key investment option, suggesting potential growth and value in the upcoming year [1] - The video encourages viewers to consider investing in these companies, indicating a positive outlook on their performance [1]

Group 1 - The article highlights the growing interest in Alibaba Group as a potential investment opportunity for 2025, with notable endorsements from prominent investors and analysts [1][5][20] - Alibaba's current stock price is $85.14, reflecting a 3.48% increase, with a 52-week range between $66.63 and $117.82, and a price target set at $114.07, indicating a potential upside of 35.3% [2][26] - Major investors, including Michael Burry and David Tepper, have significantly increased their positions in Alibaba, indicating confidence in the stock's future performance [5][11] Group 2 - Analysts are optimistic about Alibaba's valuation, with projections suggesting a potential price target of $145 per share from Macquarie, which would require a 72% rally [6] - Alibaba's management has announced a $25 billion share buyback program, signaling confidence in the company's future valuation [7] - The stock's P/E ratio of 17.1 is significantly lower than the retail sector's average of 108.9, suggesting it is undervalued [7] Group 3 - The article notes a divergence in Asia's bond market, with China's economy now perceived as having a better risk-to-reward ratio compared to Japan [3] - Institutional investors are increasingly bullish on Alibaba, with several analysts raising their ratings and valuations for the stock [9][12] - The iShares MSCI China ETF offers a dividend yield of up to 2.5%, which is higher than the current yield of China's ten-year bond, typically indicating a buying opportunity [25]

Group 1 - Alibaba stock (NYSE: BABA) experienced a significant bull run in late September to early October, aligning with previous market predictions [1] - The stock struggled to maintain its position above the psychological $100 level, indicating potential resistance [1] - The analysis emphasizes a focus on high-quality companies with reasonable valuations rather than seeking deep discounts, which may carry hidden risks [1] Group 2 - The investor profile highlights a blend of hands-on experience and academic background in corporate finance, with a focus on long-duration growth opportunities [1] - There is an emphasis on balancing a portfolio with low-volatility dividend-paying stocks to create a well-rounded investment strategy [1] - The analysis prioritizes fundamental business performance and strategic perspectives as key factors in evaluating investment opportunities [1]

Core Insights - The article discusses the author's perspective on various stocks, aiming to provide contrasting views to investors based on unique insights and knowledge [1]. Group 1 - The author expresses a beneficial long position in shares of major tech companies such as Amazon (AMZN), Microsoft (MSFT), and Google (GOOG) through stock ownership, options, or other derivatives [3]. - The analysis is intended for informational purposes and emphasizes the importance of conducting personal in-depth research before making investment decisions [4].

I believe true value is from growth, not cigar butts. Time is investors' best friend.  Evaluation matters but need to be viewed from a long-term perspective. Great businesses often offer tremendous value to society and are super durable. When your products and services are 10x better than others, you deserve to grow 10x (or people you to grow 10x) and stay dominant. Selection, convenience, and value are tremendous characteristics I am looking for.  Durability is a great multiplier of value (I don't buy a cy ...