Wook Capital Management

Wook Capital is a private investment fund specializing in crowdsourced research.

[Rod Alzmann @RodAlzmann]

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Join @RodAlzmann and @Toast on Wednesday @ 7PM EST for an Open Mic discussion on personal finance, credit card hacks, & more.

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[Wook Capital Management @WookCapital]

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[Wook Capital Management @WookCapital]

Live in 15 minutes!

[Wook Capital Management @WookCapital]

As always, we invite all to join in the discussion during our live Wook in Review space at the close today! 📣

https://t.co/ypMG0PZTCY

[Wook Capital Management @WookCapital]

As always, we invite all to join in the discussion during our live Wook in Review space at the close today! 📣

https://t.co/ypMG0PZTCY

[Wook Capital Management @WookCapital]

WOOK(in)REVIEW #65 🗞️
https://t.co/ko5rzPe27o

Today we'll be covering:
- Zuck Sells $META 💻
- $BABA Buy Backs 🛍️
- $HOOD Leases in Seattle 🏙️
- Optimism on Wall St 🥳
- Manufacturing in a Slump ⚙️

🧵 (Show this thread) to read more…

[Wook Capital Management @WookCapital]

U.S. manufacturing contracted further in December, though the pace of decline slowed amid a modest rebound in production and improvement in factory employment. ⚙️

The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI increased to 47.4 last month after being unchanged at 46.7 for two straight months. 🗓️

It was the 14th consecutive month that the PMI stayed below 50, which indicates contraction in manufacturing. That is the longest such stretch since the period from August 2000 to January 2002. 🫧

Economists polled by Reuters had forecast the index rising to 47.1. According to the ISM, a PMI reading below 48.7 over a period of time generally indicates a contraction of the overall economy. The ISM and other factory surveys, however, likely overstate the weakness in manufacturing. 👨‍🏭

The so-called hard data suggest that manufacturing, which accounts for 10.3% of the economy, is plodding along. Orders for long-lasting manufactured goods were up strongly on a year-on-year basis in November. Though factory production has been weak, the magnitude of the drop has gotten smaller in recent months. 🌋

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[Wook Capital Management @WookCapital]

@GMEdd @RodAlzmann @toast References:

Here’s (Almost) Everything Wall Street Expects in 2024: https://t.co/yL0lG32eor

‘Everyone Got Burned’: Wall Street Missed the Great Stock Rally of 2023: https://t.co/3nvUdGqqN9

[Wook Capital Management @WookCapital]

As we conclude in our last note of the year, below we share a brief lookback provided by J.P. Morgan's Madison Faller on the year that was: the bright spots and the tribulations.

So long 2023. We will see you in 2024! 🎉

[Wook Capital Management @WookCapital]

Wookies, the time has come to reflect on the journey of the past year; a rollercoaster of events, both uplifting and challenging.

The world of investing is dynamic; companies have either exceeded our expectations, leaving us pleasantly surprised, or have fallen short, humbling us. Yet, through it all, we've been kept on our toes, enlightened by the twists and turns of the market.

Crowdsourcing our research has proven to be a constant source of golden nuggets of knowledge, with something interesting always being discovered. However, the past year has posed unique challenges, marked by one of the fastest interest rate hiking cycles our country has witnessed.

Investing is an art of navigating against the tide. Wook Capital firmly believes in the mantra of having little regard for how we march towards truth; we only care that we get there. 

We believe that collaborating with retail investors—tapping into their boundless passion, creativity, and expertise—provides an opportunity to uncover what that the market has missed and achieve alpha together.

We aim to be ready for whatever the future holds. Thank you, Wookies.

[Wook Capital Management @WookCapital]

WOOK(in)REVIEW #64 🗞️
https://t.co/ko5rzPe27o

Today we'll be covering:
- Our reflection on the year 🪩
- 40 events that shaped ‘23 🎊

🧵 (Show this thread) to read more…

[Wook Capital Management @WookCapital]

https://t.co/xBTYUiuf5R

[Wook Capital Management @WookCapital]

As always, we invite all to join in the discussion during our live Wook in Review space at the close today! 🎙️

https://t.co/xBTYUiuMVp

[Wook Capital Management @WookCapital]

WOOK(in)REVIEW #63 🗞️
https://t.co/ko5rzPe27o

Today we'll be covering:
- $TSLA Recalls ⚡️
- Fed Ends Hikes 💰
- Google Loses, Epic Wins 🕹️
- Ohtani's $700M Baseball Deal ⚾️

🧵 (Show this thread) to read more…

[Wook Capital Management @WookCapital]

Shohei Ohtani just signed the largest contract in the history of American professional sports. The superstar will earn an astonishing $700 million over 10 years. That translates to an otherworldly $70 million per season. 🤯

But not all of that goes to him. He's subject to loads of taxes and other fees that dilute the value. He'll be paid that $70 million, but not all of it will land in his account. 🤔

Reports claim Shohei Ohtani will receive just $20 million of his $700 million contract with the Los Angeles Dodgers over the next 10 years, with $680 million payable from 2034-43. 😳

Ohtani's deal, agreed to Saturday, calls for annual salaries of $70 million, according to details obtained by The Associated Press. Of each year's salary, $68 million is deferred with no interest, payable in equal installments each July 1 from 2034-43. 💵

By receiving the vast majority of the money when he presumably will not be living in the United States, Ohtani also figures to have a tax benefit. 🧐

https://t.co/8I7NzK62CJ