Portefeuille Découvert

je viens d'avoir une belle discussion avec @StockMarketNerd. Je voulais savoir utilisé vous le non-GAAP ou le GAAP afin de calculer le PEG ?

@StockMarketNerd @grok d'accord, donc vous dites que le Non-GAAP est clairement plus bas. Merci beaucoup de la précision et des réponses !

@portedecouvert @grok That's GAAP EPS. Includes a lot of help from lapping a one-off tax charge from last year and a lot of non-structural noise. Non-GAAP accounts for that.

Updated Mag7 PEG Ratio Comp Sheet:

@StockMarketNerd @grok voici ce que j'ai sur VJN.ai, yahoo finance et qualtrim

@portedecouvert @grok Grok is wrong

Les ventes au détail aux États Unis en mai: +0.9% MoM vs +0.6% MoM attendu +6.9% YoY vs 4% Yoy attendu Les consommateurs américains adorent leurs cartes de crédit.

Pourquoi se compliquer la vie quand on peut faire simple ? Microsoft $MSFT en dessous de 400 $ US est une aubaine. Voici mes prévisions pour les 4 prochaines années. Bear case : 13,5 % / année. EPS CAGR de 14 % et P/E de 23x. Base case : 19 % / année. EPS CAGR de 16 % et P/E de 22x. Bull case : 25,5 % / année. EPS CAGR de 18 % et P/E de 30x. Sachant que Microsoft prévoit une croissance annuelle moyenne des bénéfices par action de 18,6 % entre 2026 et 2029. Également, le P/E moyen des 5 dernières années est de 33x. Je crois fortement que mon bull case est réalisable étant donné que j'ai inscrit des chiffres conservateurs. Microsoft est très sous-évalué selon moi et fait également partie de mes entreprises chou chou. 🚀

Il y a encore de belles opportunités sur le marché, surtout dans le secteur des SaaS. Mes entreprises chou chou : Zeta ($ZETA) et AppLovin ($APP).

Meta $META fait partie de mes entreprises chou chou. Voici mon bear, base et bull case. Bear case : 16 % / année. EPS CAGR de 18 % et P/E de 22x. Base case : 20,2 % / année. EPS CAGR de 20 % et P/E de 22x. Bull case : 25,4 % / année. EPS CAGR de 22 % et P/E de 25x. Sachant que Meta prévoit une croissance annuelle moyenne des bénéfices par action de 21,8 % entre 2026 et 2029. Également, le P/E moyen des 5 dernières années est de 26x. Je crois fortement que mon bull case est réalisable étant donné que j'ai inscrit des chiffres conservateurs. Je suis très très bullish sur Zuck. 🚀

SpaceX $SPCX est en hausse de plus de 40 % depuis son IPO. Mais il ne faut pas oublier une chose : Seulement 4 % du supply est disponible au grand public. J’ai bien hâte de voir le prix de l’action dans quelques mois. Prochaine date à surveiller : le 11 août.

@crypt0_n0va la croissance ne sera pas toujours linéaire pour $SPCX

@portedecouvert impressive growth trajectory

SpaceX a surpassé Amazon en termes de capitalisation boursière, devenant ainsi la 5e plus grande entreprise au monde en matière de valeur boursière. Valorisation de SpaceX : 2,5 billions $ Valorisation d’Amazon : 2,56 billions $ Revenus de SpaceX : 18 milliards $ Revenus d’Amazon : 742,78 milliards $ Selon moi, la correction va être brutale dans quelques mois. Voyons ce que l’avenir nous réserve !

ZETA ANALYSIS $ZETA represents 17% of my portfolio. why ? Zeta turns profitable this year. For a company growing this fast, 50% yoy last quarter, that's the kind of inflection point that tends to re-rate a stock hard. The people saying AI will replace Zeta are missing the point entirely. Zeta is AI. Their platform, the Zeta Data Cloud, sits on one of the largest proprietary consumer data assets in the world, 240M+ Americans, billions of behavioral signals processed in real time. You don't replace that with ChatGPT. You can't replicate it overnight. That's the moat. The 6:1 ROI speaks for itself. Customers spend $1 on Zeta and get $6 back in measurable return. That's not a product you churn off of. And the OpenAI partnership isn't a press release, it's Zeta embedding the best models available directly into advertising operations, making the platform smarter with every dollar that flows through it. FWD P/E 20.3× PEG at 0.77. FCF yield of 4.4%. FCF margin expanding. SBC declining. Weighted return: 16.9%/yr with a 20% margin of safety. This one feels early. Really early. Not financial advice. DYOR.

AMAZON ANALYSIS $AMZN represents 18% of my portfolio why? AWS is reaccelerating, robotics is just starting to flow into margins and the advertising segment is growing at a pace most people still haven't fully priced in. Ads is quietly becoming one of the highest-margin businesses Amazon runs and the market treats it like an afterthought. The moat here is unlike almost anything else. Amazon is embedded in daily life in a way that's hard to replicate: Prime membership, Music, Pharmacy, Fresh, Kindle, Audible, Ring, Alexa, and Clinic. That's not a company that's infrastructure. Profitability is improving quarter after quarter. Gross margins expanding, SBC declining, FCF building as the CapEx cycle matures. The numbers aren't there yet on FCF, but the direction is clear and the operating leverage is real. At current multiples : FWD P/E 28.6× vs a 36x average EV/EBITDA 15.3× vs a 20.6× average, P/S 2.7× vs 3.5× historical this looks like a business trading at a discount to what it's becoming, not what it is today. Weighted return: 14.1%/yr with a 20% margin of safety baked in. Not financial advice. DYOR.

@033Stocker that is not really a problem. Great video tho.

@miloinvests But here's the problem — unlike Google or Microsoft, Meta has NO cloud business to monetize it. 100% of revenue still comes from ads and Gadgets If things go as planned, then $1200ish by end of 2027 youtu.be/drXcbi1WFkI

META ANALYSIS: $META represents 24% of my portfolio. why ? The valuation doesn’t really match the growth profile here. I honestly struggle to build a convincing bear case. With 3.5B daily active users, Meta sits on one of the strongest attention moats in history, full stop. And the monetization story is still compounding. Subscriptions are scaling, WhatsApp is finally starting to contribute in a real way, and ARPP is growing at a 13.5% CAGR, with signs it could accelerate from here. Yet you’re getting all of this at: 18x forward earnings PEG < 0.80 On top of that, you still get a fortress balance sheet. On a 5 year view, that setup points to something like ~17.9% annualized returns. And that is while being really conservative. The one thing I’m watching is SBC. It’s gone from 17% → 22% of revenue over the last 3 years. Not ideal, but not thesis breaking. And I don’t care about Capex Not financial advice. DYOR.

𝙋𝙊𝙍𝙏𝙁𝙊𝙇𝙄𝙊 𝙐𝙋𝘿𝘼𝙏𝙀 June Milo YTD: 25.28% S&P500 YTD: +8.34% NASDAQ YTD: +16.3% TSX YTD: +8.24% TOTAL RETURNS (Jan 2026) Milo’s portfolio: +25.28% S&P500: +8.34% NASDAQ: +16.3% TSX: +8.24% MY POSITIONS: 25.79% | Meta Platforms $META 19.17% | Zeta Global Holding $ZETA 16.19% | Amazon $AMZN 13.11% | VanEck Semiconductors $SMH 11.62% | Vanguard FTSE ETF $VCN 8.91% | Celsius Holding $CELH 5.08% | Nbius Group $NBIS - - - - - - - - - - - - - - - - - - - 𝘐'𝘮 𝘯𝘰𝘵 𝘢 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘴𝘰𝘳 and all the 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘦𝘥 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦.

𝙋𝙊𝙍𝙏𝙁𝙊𝙇𝙄𝙊 𝙐𝙋𝘿𝘼𝙏𝙀 Milo YTD: 25.28% S&P500 YTD: +8.34% NASDAQ YTD: +16.3% TSX YTD: +8.24% TOTAL RETURNS (Jan 2026) Milo’s portfolio: +25.28% S&P500: +8.34% NASDAQ: +16.3% TSX: +8.24% MY POSITIONS: 25.79% | Meta Platforms $META 19.17% | Zeta Global Holding $ZETA 16.19% | Amazon $AMZN 13.11% | VanEck Semiconductors $SMH 11.62% | Vanguard FTSE ETF $VCN 8.91% | Celsius Holding $CELH 5.08% | Nbius Group $NBIS - - - - - - - - - - - - - - - - - - - 𝘐'𝘮 𝘯𝘰𝘵 𝘢 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘴𝘰𝘳 and all the 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘦𝘥 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦.

$NU is quietly one of the most undervalued stocks on the market right now. Fwd PE of 12.9 PEG of 0.3 Revenue growth in 2026: 24% EPS growth in 2026: 32% That math does not make sense. In a good way. Currently in my watchlist.

Mastercard $MA base case is really simple. FCF growth : 16% P/FCF : 24.3x (current) In 5 years : Stock price: $1012 annual return : 16%

@CarsonTalkMoney i will be reducing my $SMH position, but certainty not to buy Space X.

I feel like a lot of people are going to sell $SMH and Semi names to buy into Space X They need to get the money from somewhere, and I doubt people sitting in money markets are selling to buy this IPO Is anyone selling stocks to buy SpaceX? I'm 100% not touching it! I already don't understand $TSLA evaluation, I think this will be similar