ITZ 2020 PIX portfolio return was amazing, in part to SNAP & AMZN. For 2021, to recap buying 5 stocks $100,000 and holding for the year, ITZ is holding onto SNAP & AAPL returns from 2019 portfolio. The portfolio favors tech, but bias to a second-half Covid-19 recovery. Dem’s will continue to flood the market with cash, ITZ sees a lower US Dollar, the consumer will return as the spend and travel again. Here are the five pix for 2021—– AAPL One of ITZ 2019 Pix is now back in the line up…. Apple’s long-term thesis remains intact, on expanding addressable market in Services/ Wearables, improving replacement cycles from a 5G launch, and robust free cash flow aiding growth initiatives/shareholder return. ITZ see a Super Cycle as consumers upgrade from 100’s of millions of older iPhones. Buy reflects the view of AAPL’s ecosystem, high customer retention rates, and free cash flow generation partly offset by near term economic concerns surrounding Covid-19. While acknowledgement iPhone replacement cycles are extending, a rising and older installed phone base approaching 1 billion (1.5 billion plus total active base) creates the potential for stabilization/growth in this category given 5G launch in October. Investors should be encouraged by margin expansion within Services and that this business can sustainably grow at a mid-teens pace over the next two years while Wearables can sustain a 15%-20% growth pace. On top of that recent news that Apple could possibly enter the autonomous vehicle market will push the stock higher. 12-month target of $160 is based on a P/E of 35x FY 22 EPS estimate of $4.60, above peers and the 5-year forward historical average of 14.8x. NCLH As Norwegian is relatively smaller than its North American cruise peers, it has the ability to deploy its assets more quickly once cruising resumes. Lower fuel prices could help benefit the cost structure to a greater degree than initially expected, thanks to Norwegian's partially floating energy prices (with more than 50% of fuel costs hedged). Norwegian has capitalized on leisure industry knowledge from its prior sponsors as well as the addition of high-end Regent Seven Seas and Oceania brands, gathering best practices and leverage with vendors. As the industry resumes operations, opportunities to improve Norwegian's operating margins should exist; this includes increased scale as the full fleet sails, improved brand awareness via the implementation of higher safety measures, and the favoring of a differentiated product (freestyle cruising), which should restore adjusted EBITDA margins to a mid-20% range in 2029 (from 30.6% in 2019). Norwegian can also improve profitability by stringently managing its expenses when sailing resumes, thanks to a young fleet and more cost-efficient ships. Norwegian's adjusted ROICs including goodwill approximated our estimated 10.4% weighted average cost of capital in 2017, but given setbacks stemming from COVID-19, won't be able to do so until 2029. NCLH is primed for a huge turnaround in 2021-2022,
12 month price target $50 PAAS Pan American Silver Corp (NASDAQ:PAAS) most recently reported unaudited results for its fiscal third quarter (ended September 30, 2020), which featured revenue of $300.4 million, primarily reflecting lower quantities of metal sold, partially offset by strong realized precious metal prices. The company also noted that it recorded a $79.8 million increase in inventories during Q3 2020, of which approximately $25.0 million was in the form of ore and finished inventories. As per BofA, we have seen $1.3 billion in asset purchases by central banks every hour since March. Every hour, another $1.3 billion. That’s nearly a trillion a month. US treasury has issued nearly $3.5 trillion in US government bonds in 2020. The potential for an inflationary cyclical boom as pent-up demand thunders back out into the economy following vaccine-driven herd immunity – a weak dollar, too much money creation, and inflationary cyclical activity could add up to a big year for metals. Nice Bull Flag setting up technically, ITZ year end PT $50 SNAP Snap's Spotlight product, updated ad campaign objectives & bid types, Unity Ads' inclusion into the Snap Audience Network (SAN), have the potential to drive further momentum in engagement growth as well as provide valuable scale to advertisers, look for a strong Q4. Latest consensus estimate is calling for revenue of $839.86 million, up 49.74% from the prior-year quarter. Consensus Estimates are projecting earnings of -$0.10 per share and revenue of $2.44 billion, which would represent changes of +37.5% and +42.21%, respectively, from the prior year. ITZ has a $70 PT, faster revenue growth, improving profitability, and the potential for social media companies to experience multiple expansion. SQ This is a transformative company in a sector that’s going to post enormous growth in coming years. The pandemic is only going to accelerate the existing move to cashless solutions. Square is a cryptocurrency play as well. Now... SQ stock has almost quadrupled in 2020...and yes, relative to next year’s earnings, the stock does look expensive. But it shouldn’t look cheap. This is a company that is going to grow for several years. It has the potential to expand into new market segments. The potential from crypto alone has real value. And, again, next year’s earnings, at least using current Wall Street estimates, are somewhat depressed by the pandemic. The company's Q3 Seller revenue still provided 5% year over year growth despite the challenging circumstances. In part to Square's software, which helped businesses develop omnichannel strategies (combining online and brick-and-mortar operations) to keep things going during shutdowns. As our economy moves beyond the coronavirus, businesses that survived should be set to thrive again, benefiting Square. New up and coming businesses are seeing the value in the services Square provides. The new year will drive the stock higher.. as the Cash App segment retains its users, and the Seller segment surges. ITZ 2021 PT $290
