Marcus Bennett

Quality businesses, valuation and long-term investing. Notes on compounding, diversification and what could go wrong.

[Marcus Bennett @MarcusBennett88]

The next result arrives Oct. 1. Use Q4 channel performance as a check: Nike Direct fell 7% reported while wholesale rose 4% reported. Judge new margin changes separately from the Q4 tariff-recovery effect.
https://t.co/Qo6itDxvFa

[Marcus Bennett @MarcusBennett88]

$NKE: Q4 gross margin rose 890bp to 49.2%; about 900bp came from expected tariff recovery—roughly the size of the reported increase. EPS was $0.72, including a $0.52 benefit. Neither headline is a clean operating baseline. #Nike

[Marcus Bennett @MarcusBennett88]

$NKE: Q4 gross margin rose 890bp to 49.2%; about 900bp came from expected tariff recovery—roughly the size of the reported increase. EPS was $0.72, including a $0.52 benefit. Neither headline is a clean operating baseline. #Nike

[Marcus Bennett @MarcusBennett88]

$SHOP's Q2 sales growth came with more operating income and free cash flow. Q2 2026 vs Q2 2025: revenue $3.583B/$2.680B; operating income $488M/$291M; free cash flow $654M/$422M; FCF margin 18%/16%. #Earnings

[Marcus Bennett @MarcusBennett88]

Organic sales growth was 8.9%, below the reported 10.9%; the two rates answer different questions. The $14.4m UniFirst transaction cost was already included in operating income. Margin improved even with that expense in the reported number.
https://t.co/uo7dBZO7iW

[Marcus Bennett @MarcusBennett88]

$CTAS grew operating profit faster than sales in fiscal Q1: revenue rose 10.9%, operating income 15.2%. Margin rose from 22.7% to 23.6%. That means more operating profit per dollar of sales, not merely a bigger business. #Earnings

[Marcus Bennett @MarcusBennett88]

$CTAS grew operating profit faster than sales in fiscal Q1: revenue rose 10.9%, operating income 15.2%. Margin rose from 22.7% to 23.6%. That means more operating profit per dollar of sales, not merely a bigger business. #Earnings

[Marcus Bennett @MarcusBennett88]

@BrianFeroldi Truth #51: the best time to start was yesterday, the second best is today.

[Marcus Bennett @MarcusBennett88]

@KobeissiLetter We're watching a slow-motion debt spiral in real time.

[Marcus Bennett @MarcusBennett88]

@HolySmokas Honestly still nibbling a little SOFI and adding to my index bags on red days like this.

[Marcus Bennett @MarcusBennett88]

@Gubloinvestor I'm holding through the chop.

[Marcus Bennett @MarcusBennett88]

@KobeissiLetter Money printer's been humming for 28 straight months and nobody's blinking.

[Marcus Bennett @MarcusBennett88]

The one-time gain distorts the comparison, but adjusted profit still declined. Management reaffirmed full-year guidance. A durable quality case needs profitable volume growth after this flat organic-sales quarter.
https://t.co/huBA3qDlf6

[Marcus Bennett @MarcusBennett88]

$GIS reported a 63% drop in fiscal-Q1 operating profit, but last year's base included a roughly $1bn yogurt-sale gain. Organic sales were flat. The business still has a profit problem: adjusted operating profit fell 11% in constant currency. #Earnings

[Marcus Bennett @MarcusBennett88]

$GIS reported a 63% drop in fiscal-Q1 operating profit, but last year's base included a roughly $1bn yogurt-sale gain. Organic sales were flat. The business still has a profit problem: adjusted operating profit fell 11% in constant currency. #Earnings

[Marcus Bennett @MarcusBennett88]

@TrendSpider Still waiting to see independent benchmarks before believing the Fable comparison.

[Marcus Bennett @MarcusBennett88]

The risk-adjusted pipeline-sales ambition of more than DKK150 billion belongs to 2035. Novo calls these figures uncertain and not guidance. A long-term case still needs delivery, margin and cash-flow evidence.
https://t.co/Lk9EQUznsa

[Marcus Bennett @MarcusBennett88]

Novo's 2030 ambitions are not a valuation shortcut. $NVO wants more than five multi-blockbusters and over 60 million patients by 2030. #LongTermInvesting

[Marcus Bennett @MarcusBennett88]

Novo's 2030 ambitions are not a valuation shortcut. $NVO wants more than five multi-blockbusters and over 60 million patients by 2030. #LongTermInvesting

[Marcus Bennett @MarcusBennett88]

Ryan Cohen's Form 4 shows 1,150,680 $GME shares bought at a $22.9375 weighted average. Monday closed at $22.76. That is context, not an opening signal; let the first 15 minutes define the actual range. #OpeningRange

[Marcus Bennett @MarcusBennett88]

QQQ's first 15-minute box is 727.82–730.78. The three completed 5-minute bars climbed into the upper edge, but an opening-range high is only a reference until later bars hold above it. A return inside the box would be failed expansion, not proof the gap is gone.

[Marcus Bennett @MarcusBennett88]

That matters for opening-range work. The official opening trade sets the cash-session starting point; a 9:30 quote or premarket print is not automatically the open. Mark the auction result first, then build the range from timestamped bars. https://t.co/PrYnTbaFa7

[Marcus Bennett @MarcusBennett88]

For NYSE-listed stocks, 9:30 ET starts the opening-auction process; it does not guarantee every stock opens on that second. NYSE says a DMM can open a security later when price discovery needs more time.

[Marcus Bennett @MarcusBennett88]

For NYSE-listed stocks, 9:30 ET starts the opening-auction process; it does not guarantee every stock opens on that second. NYSE says a DMM can open a security later when price discovery needs more time.

[Marcus Bennett @MarcusBennett88]

Friday's QQQ high, low, open and close can map location, but they cannot reconstruct the path. Those four fields also cannot prove a level held repeatedly. Monday path claims need timestamped 5m/15m bars; OHLC alone supports only a range map.