Pinned Tweet
Dejo por aquí mi cartera actual ordenadas por peso. En la primera imagen descendente y en la segunda imagen, ascendente, que no cabían en la misma.
Sobre la primera imagen:
En Alphabet, Meta y ASTS vendí la mitad cuando llegué al 200% de rentabilidad. Grave error en Alphabet sobre todo.
La posición de las cuatro primeras la fui construyendo haciendo compras cada cierto tiempo. Me llevó más de 3 años.
Nintendo igual, voy comprando en ciertos niveles y seguiré hasta que empiece a volar, que lo hará.
Amazon, Transmedic y Space X son posiciones hechas este año. Un grave error no haber comprado más Amazon, uno de muchos fallos, pero esto es así, no siempre se acierta.
En Space X veremos cómo sale el tema.
Respecto a la segunda imagen:
Son inversiones con muy bajo peso de inicio, si salen bien, me sirven para aumentar el peso que tengo en un fondo indexado sobre todo, aunque alguna vez uso las ganancias para aumentar posiciones también en acciones.
Obviamente, de las actuales, solo FormFactor me ha dado alegrías, ya que vendí la mitad con un 300% y dejé esta otra mitad porque confío en que siga subiendo. Sky Habour me gusta mucho y pronto creo que dará sus frutos.
Lantern Pharma fatal y Terrestrial Energy peor aún. La primera la descubrí trasteando con Grok, es sobre IA y tratamientos de ciertos tipos de cáncer y la segunda es una apuesta por la energía nuclear de desarrollo y comercialización de reactores modulares pequeños (SMR) de cuarta generación basados en sal fundida.
Son inversiones bajas, ¿sigo confiando? La tesis en ellas no ha cambiado. Por eso las mantengo.
Y hasta aquí el resumen de mis acciones directas.
Otro día os cuento que fondo tengo y por qué solo uso un fondo de inversión.
Me resulta curioso que @PabloIglesias no haya dicho ni mu de lo ocurrido hoy. Muy curioso.
Y como siempre, la @guardiacivil dándolo todo para poder identificar a los cuerpos e investigando qué ha pasado.
Además, la gente de España siempre dándolo todo, ayudando en todo lo que pueden.
Somos un gran país con una gente excelente pero con muy malos políticos.
BANCO DE CANADA: El BoC (b.c.) sube tipos (+25p.b.) hasta 2,50%, en línea con lo esperado. Decisión lógica teniendo en cuenta que la inflación (+3,1% a/a vs +2,8% a/a en junio) se aleja del objetivo (+2,0%).
Manu retweeted
AMD market cap is 25% bigger than SK Hynix
SK Hynix operating income is 20x bigger than AMD operating income.
Is this what they can an efficient market? 😂
SK Hynix crushed it!!!
Q3 revenues of $78.9B vs $74.8B est
Q3 revenues up +328% YoY
Q3 revenues up 32% QoQ
Q3 operating income of $62.8B vs $58.5B est
Q3 operating income up +632% YoY
Q3 operating margins of 79.7% vs 78.2% est
Q3 operating income up 38% QoQ
- will return at least $75B to shareholders in CY2026 through buybacks and dividends, fwiw 'm expecting this number to be $150B in CY2027
- LTAs signed with 14 key customers including all major hyperscalers on 5+ year terms
- expect demand to outpace supply through 2030
Just an insane quarter from SK Hynix... now that Q3 is in the rear view mirror, the stock is officially trading below 3x NTM EPS which is just absurd.
I'm not sure what the stock does tonight on the Kospi but I'll sleep good tonight after this report.
LONG MEMORY STOCKS!!!!!!!!!!!!!
$SKHY $000660.ks
Manu retweeted
Horrible gestión del COVID - 2020
Subida descontrolada de la luz - 2021
Inflación de la cesta de la compra - 2022
Escándalo del caso Koldo y Abalos - 2024
Desgracia de la DANA de Valencia - 2024
Apagón eléctrico masivo en España - 2025
Mala gestión en incendios forestales-2025
Aumento de la inmigración irregular - 2025
Amaño de Santos Cerdan - 2025
Tragedia ferroviaria de Adamuz - 2026
Tragedia ferroviaria de Gelida - 2026
Tragedia ferroviaria de Toledo - 2026
Vivienda inaccesible - 2020-2026
Listas de esperar interminables para la sanidad pública - 2024-2026
Me parece surrealista que si criticas algo sobre esto te llamen facha
Efectivamente, es una impresora de cash
Woah, stellar earnings from and AI market projections...
1. SK Hynix: "Memory supply shortage to persist through 2030".
2. There's the $4.8B operating profit beat ($62.8B vs. ~$58B est)... 80% operating margins.
So you had:
- Revenue: $78.84B vs. $74.02B
- Operating profit: $62.80B vs. $58.00B
- Operating margin: 79.7% vs. 78.3%
With forward projections of
3. "Our DRAM and HBM volumes through 2029 are effectively sold out."
4. Signed LTAs covering 50%+ of 2027–2028 capacity, while retaining pricing flexibility
5. The company intends to fulfill its commitment to return 50%+ of cumulative FCF for 2025-2027
6. "We have included deposits and other practical enforcement mechanisms" (LTAs have actual enforcement)
7. "We expect the profitability gap between HBM and conventional DRAM to narrow significantly" (hello broader memory industry)
8. SK Hynix announced $75B in shareholder returns (dividends/buybacks) for CY2026.
I'm not sure what there isn't to like here?
You have a memory company just printing... demand visibility super high from enforceable commitments... and now they're returning that via dividends/buybacks.
Tremendo. ¿La probabilidad era muy baja?
Entonces, ¿qué ha pasado?
La estadística no falla. ¿No será que estabas mintiendo @oscar_puente_?
Esto después del accidente de Adamuz es inadmisible, esto sí que es para manifestarse toda España.
Es que es una detrás de otra.
Está claro que no hay dinero para todo, o empiezan a gastar los impuestos bien o nos vamos a la mierda en breve.
#ÚLTIMAHORA | Colisionan dos trenes de pasajeros en Urda (Toledo) y caen por un terraplén dos vagones.
No puedo estar más de acuerdo. Es la gran infravalorada de la que nadie ha hablado.
$SKHY during earnings call:
"We believe our share price today is undervalued, not adequately reflecting our earnings and cash flow. That is why we decided that share acquisition and cancellation would be an effective way of raising the per share value.
The acquisition will continue every quarter within the annual size, and the size of the quarterly acquisition will be determined by the board of directors considering such factors as the share price, valuation, cash flow, and so forth."
Couldn't agree more.
It was undervalued even in June.
Manu retweeted
WOW! $SKHY just crushed it!!!
Revenue came in at $78.9bn against $74.8bn expected, and operating profit at $62.8bn against $58.5bn. That's an 80% operating margin for a freaking memory company. Memory prices didn't cool off either…DRAM was up 28% and NAND 25% in a single quarter.
The biggest number in the release isn't a beat imo though. SK hynix signed five year agreements with 14 major customers, covering more than half of its capacity for 2027 and 2028. Remember the debate we wrote about last week, that memory stocks always peak when price growth peaks.
When customers lock in supply five years out, they're telling you they can't get enough. Memory has stopped behaving like a cycle and started behaving like infrastructure.
The guide backs it up too fellas.
Q4 DRAM shipments are up 25% from Q3, and 2027 DRAM demand is up 25% year over year. Add $86.3bn of cash and the shareholder return question takes care of itself.
The memory king just got stronger. PT $400. Overweight. Limit up!!
SK hynix, $SKHY reports earnings tonight. The Street expects operating profit of ~₩77tn on margins near 80%. A year ago it was ₩11.4tn. That’s nearly 7x in twelve months (unreal growth btw).
The reason is HBM. Every Nvidia GPU needs it, SK hynix has about half the market and it’s first in line for HBM4 on Vera Rubin. Memory prices are still rising across the board DRAM up ~22% and NAND ~15% last quarter. The beat is mostly priced in. What moves the stock is what mgmt says about 2027 pricing and HBM4 volumes. PT $400. Overweight.
Manu retweeted
SK HYNIX $SKHY Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $78.9B (Est. $74.8B) 🟢; +328% YoY
🔹 Oper Profit: $62.8B (Est. $58.5B) 🟢; +632% YoY
🔹 Oper Margin: 80%; +3,300 bps YoY; record high
🔹 QoQ: Revenue +32% / Oper Profit +38%
Q4 Guide:
🔹 DRAM Bit Growth: Mid-20% QoQ
🔹 NAND Bit Growth: Mid-single% QoQ incl. Solidigm
Q3 Pricing & Volume:
🔹 DRAM ASP: High-20% QoQ; bits ~+10% QoQ
🔹 NAND ASP: Mid-20% QoQ; bits slightly lower QoQ
Profitability:
🔹 Gross Margin: 85.7% (Est. 85.2%) 🟢
🔹 EBITDA: $66.1B; 84% margin; +486% YoY
🔹 EPS: $41.07; +205% YoY
Financials:
🔹 Cash: $86.3B; +311% YoY
🔹 Interest-Bearing Debt: $11.9B; -34% YoY
🔹 Net Debt-to-Equity: -32%; -2,800 bps YoY
🔹 Operating Cash Flow: $41.3B; +281% YoY
🔹 Total Assets: $295.5B
2027 Market Outlook:
🔹 DRAM Demand Bit Growth: +mid-20% YoY
🔹 NAND Demand Bit Growth: +high-teens% YoY
🔹 2027 CapEx: To rise significantly vs 2026
🔸 Memory demand expected to outpace supply through 2030
Product & Technology:
🔹 HBM4: Expected to surpass HBM3E in HBM shipment and revenue share in Q4
🔹 2027 HBM: Negotiations finalized; profitability gap with conventional DRAM expected to narrow meaningfully
🔹 M15X: Ramp-up accelerating to full capacity by end-2026
🔹 321L NAND: Over 50% of domestic capacity in Q4
Business Highlights:
🔹 LTAs: Signed with 14 key customers incl. major global CSPs; standard 5-year term; over 50% of 2027-2028 capacity secured
🔹 Q3 Dividend: ~₩20,000/share (~$15.08), incl. a ₩10,000 special dividend from realized Kioxia gains
🔹 Share Acquisition: ₩20T (~$15.1B) for the quarter, incl. ~₩10T for executive & employee compensation
🔸 Quarterly revenue topped ₩100T for the first time
Note:
🔹 Net Profit: $30.0B; +216% YoY
🔸 Includes a $24.6B non-operating loss: a $17.3B investment-asset loss and an $8.8B FX loss as the won strengthened
FX used for USD conversion: $1 = ₩1,326 (mid-market; Oct 27, 2026)
