Some highlights from this weekend’s Event Driven Monitor
Have a friend with an ED (“Event-Driven”) problem? Forward this newsletter to them and they can sign up for their own ED fix right to their inbox:
NEW USERS RECEIVE A FREE 4-WEEK TRIAL
The Event of the Week
Regular KEDM readers have likely picked up on our growing bullishness for some specific EMs. We all know the chart by now but the US is stretched as NVDA and MSTR prop up the whole market. And as DMs become EMs, emerging markets should see a flip in fund flows with EMs finally “emerging.”
We finally got around to updating our website. With step one complete, step two is to get these reports 100% digitized to allow you all to manipulate the data rather than a static pdf each week. In the meantime, the slight improvements on the frontend are additional searchability on the commentary and videos, and a new AI chatbot overlay on the video section to allow you to ask questions and pull interesting nuggets from each Happy Hour (KEDM is now an AI play!)
Head over to a full “paid” video and check it out in action. And let us know if you are experiencing any issues with the new site at in**@ke**.com…
Subscribe Now To Keep Reading…
Kuppy’s Tweet of the Week
Chart and Kliff Note of the Week
Activist Campaign monitor: AGCO’s largest shareholder Tractors and Farm Equipment (16.3% stake) wants the company to separate the board chair and CEO roles. Remember, TAFE is one of the largest tractor manufacturers in the world and second in market share in India. AGCO and TAFE have an intricate relationship. AGCO distributes some of TAFE’s tractors under Massey Ferguson Brand. Mallika Srinivasan, who is the Chairman and Managing Director of TAFE, is currently a member of the AGCO’s Board of Directors. AGCO also has a minority equity interest in TAFE. TLDR, the activist has been pushing for changes in AGCO since 2020 without success, and now they want a new Chairman, worth a look at this name before ag. equipment space gets unf*ked.
Cluster Insider Buy Monitor: Not a cluster, but the CEO at Sprott, Inc. (SII CN) bought ~$1.45 million worth. Sprott is a publicly owned asset management company. Amongst other financial services, Sprott manages popular precious metal ETF’s, such as the Sprott Physical Gold Trust (PHYS) and the Sprott Physical Silver Trust (PSLV). Management fees (a source of revenue for Sprott) have been growing YOY since 2019.
Subscribe Now for More Event-Driven Opportunities
Friends of KEDM
- Goehring & Rozencwajg published new Q3 research: Copper and Uranium: The Coming Divergence.
- Our old KEDM Happy Hour guest Michael Kao was interviewed on Forward Guidance: “Why The Fed Rate Cuts Were A Mistake”
-
Previous Happy Hour guest Bob Robotti (link to Happy Hour here) held its 2024 Annual Meeting and the full recording is available here.
Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.” One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!