Welcome to Fear and Greed, summer investing series brought to you by vant specialists in compliance led growth. I'm Sean Elmer. Everybody wants to know about Magnificent seven, the household names on Wall Street, But what are some of the other stocks on global markets that we should be looking at today. We've got an expert in the space to pick out stocks he thinks are worth watching. As always, this is general information amy and you should seek independent device before making investment decisions. William lou is a senior investment analyst at where Global. William, welcome back to Fear and Greed.

Welcome to Fear and Greed, summer investing series brought to you by vant specialists in compliance led growth. I'm Sean Elmer. Everybody wants to know about Magnificent seven, the household names on Wall Street, But what are some of the other stocks on global markets that we should be looking at today. We've got an expert in the space to pick out stocks he thinks are worth watching. As always, this is general information amy and you should seek independent device before making investment decisions. William lou is a senior investment analyst at where Global. William, welcome back to Fear and Greed.

Thanks Sean. Great to be here.

Thanks Sean. Great to be here.

We have about four minutes. I know there are six stocks. Let's jump into it. Trade Web that's trying to be quick.

We have about four minutes. I know there are six stocks. Let's jump into it. Trade Web that's trying to be quick.

The trade Web, they're better leading platform for fixed income, particularly US treasuries. They're a market leader in the space. They have a dominant position, particularly in US treasury. So we think the electronification of the fixed income market is a secular trend and there's no reason why trading should move electronics. So most of the trades are done through voice right now. We see with other asset classes as they move towards electronic trading get better liquidity, better price transparency, better workflows. So we think it's inevitable that fixed income trade will move electronic tradeer being a dumbinant player. They're doing extremely well in US treasuries, and they started to get a really strong handle in US corporate credit as well.

The trade Web, they're better leading platform for fixed income, particularly US treasuries. They're a market leader in the space. They have a dominant position, particularly in US treasury. So we think the electronification of the fixed income market is a secular trend and there's no reason why trading should move electronics. So most of the trades are done through voice right now. We see with other asset classes as they move towards electronic trading get better liquidity, better price transparency, better workflows. So we think it's inevitable that fixed income trade will move electronic tradeer being a dumbinant player. They're doing extremely well in US treasuries, and they started to get a really strong handle in US corporate credit as well.

Okay, Number two market access a double xit, yeses isn't it's an unusual spelling.

Okay, Number two market access a double xit, yeses isn't it's an unusual spelling.

Yes, it's actually quite so. Market access and trader to fit into a similar bucket. They both benefit from under electronification of fixed income markets trade Web, which I mentioned earlier. It's stronger in US treasuries. Market Access has a stronger foothold in corporate debt, both high grade and investment grade and high yields. So again it's a similar thematic with the long term secular driver of moving to electronic trading. As I said earlier, better price transparency, better workflows, better liquidity, and we can see that the unit economics typicalarly flow to the two dominant platforms, and where we're very convicted that there's there's a great long term opportunity for both tradeor and market access.

Yes, it's actually quite so. Market access and trader to fit into a similar bucket. They both benefit from under electronification of fixed income markets trade Web, which I mentioned earlier. It's stronger in US treasuries. Market Access has a stronger foothold in corporate debt, both high grade and investment grade and high yields. So again it's a similar thematic with the long term secular driver of moving to electronic trading. As I said earlier, better price transparency, better workflows, better liquidity, and we can see that the unit economics typicalarly flow to the two dominant platforms, and where we're very convicted that there's there's a great long term opportunity for both tradeor and market access.

Okay, we'll move out of the training space.

Okay, we'll move out of the training space.

SAP SAP. It's one we've held in the fund for a long time and where we're super convicted on and so we think it's a big beneficiary of AI. We've seen the AI beneficiaries in the infrastructure layer, so we talked about Nvidia and the hyperscalers, so clearly they're seeing the greatest amount investment dollars right now. We think for the productivity and e phishing gains of AI, a lot of that will actually move to the software application layer, and we think SAP is going to really benefit from that. So companies are their customers are realizing the most valuable data in their organizations, it's on the SAP system. So they can match the most valuable data for a company with a LED language model and really generate some really unique insights for business ar. On top of that, they're transitioning the business model from licensed to recurrent cloud based revenues, and we see a really good visibility for or earning thread the head.

SAP SAP. It's one we've held in the fund for a long time and where we're super convicted on and so we think it's a big beneficiary of AI. We've seen the AI beneficiaries in the infrastructure layer, so we talked about Nvidia and the hyperscalers, so clearly they're seeing the greatest amount investment dollars right now. We think for the productivity and e phishing gains of AI, a lot of that will actually move to the software application layer, and we think SAP is going to really benefit from that. So companies are their customers are realizing the most valuable data in their organizations, it's on the SAP system. So they can match the most valuable data for a company with a LED language model and really generate some really unique insights for business ar. On top of that, they're transitioning the business model from licensed to recurrent cloud based revenues, and we see a really good visibility for or earning thread the head.

Okay, we are racing through them Adobe one that we all know of, but why do you like Adobe?

Okay, we are racing through them Adobe one that we all know of, but why do you like Adobe?

A similar vein? Again, we think it's a benefictary of AI in the software application layer. We think they have the leading enterprise software provider for creative professionals and sophisticated marketers. We see Adobe as advantage given their superior product in the sense of design tools, capabilities, distribution, and its library of content. And we're encouragingly seeing lead indicators ar proliferation with significant engagement in its AI tools, generation capabilities, and the use of its tools such as Jenai Studio and Fireflight. We expect positive catalysts in FY twenty five as they monetize these capabilities and announce you pricing strategies.

A similar vein? Again, we think it's a benefictary of AI in the software application layer. We think they have the leading enterprise software provider for creative professionals and sophisticated marketers. We see Adobe as advantage given their superior product in the sense of design tools, capabilities, distribution, and its library of content. And we're encouragingly seeing lead indicators ar proliferation with significant engagement in its AI tools, generation capabilities, and the use of its tools such as Jenai Studio and Fireflight. We expect positive catalysts in FY twenty five as they monetize these capabilities and announce you pricing strategies.

Okay, we're changing sectories here. Expedia, We've all used that one. Why do you like Expedia?

Okay, we're changing sectories here. Expedia, We've all used that one. Why do you like Expedia?

Yes, so Expedia, as we are probably know, it's online travel agency based in the US. That's really three core brands, which is brand Expeedi, Verbo, which is its alternative accommodation business, and Hotels dot Com. So the reason we like Expedia is that we think that cossumers continue to prioritize experiences. While the cossumer sector has been quite volatile, cossumes are clearly being more discerning. It is clear travel and entertainment continue to be really resilient categories. The company also under took a difficult decision to re platform. It's entire technology stuck into a single platform, so they're coming out the other side of that now. Better ploy is to drive more efficient operations, more efficient advertising and marketing, driving customer loyalty across as different brands. We've been really impressed with the CEO, Arian Gooro. She previously led the B to B business fork Expedia, which has been an exceptional performer and it's still really undappreciated by market. So it's training at thirteen times PE for double digit EPs growth and we think that's really attractive.

Yes, so Expedia, as we are probably know, it's online travel agency based in the US. That's really three core brands, which is brand Expeedi, Verbo, which is its alternative accommodation business, and Hotels dot Com. So the reason we like Expedia is that we think that cossumers continue to prioritize experiences. While the cossumer sector has been quite volatile, cossumes are clearly being more discerning. It is clear travel and entertainment continue to be really resilient categories. The company also under took a difficult decision to re platform. It's entire technology stuck into a single platform, so they're coming out the other side of that now. Better ploy is to drive more efficient operations, more efficient advertising and marketing, driving customer loyalty across as different brands. We've been really impressed with the CEO, Arian Gooro. She previously led the B to B business fork Expedia, which has been an exceptional performer and it's still really undappreciated by market. So it's training at thirteen times PE for double digit EPs growth and we think that's really attractive.

Okay. The final one, William, it's a German ticketing and live entertainment company c TS Venum.

Okay. The final one, William, it's a German ticketing and live entertainment company c TS Venum.

Yes, in a similar vein to Expedia. CTS Venum is the dominant ticketing platform in Europe and the company is based in Germany. So again they benefit from consumers prioritizing experiences over goods and we can see a really good visibility into the twenty twenty five pipeline. The events pipeline remains strong and expected to be another strong year food industry and we expect the industry to grow high single digits in the coming years. We continue to see some of the long term secular growth drivers intact as well, including the online mobile migration of ticket sales, increased artists tune because they're replacing some of the declining recorded music sales, and more differentiated ticket pricing models, which has become a bit more dynamic. So it's tent twenty four times. It's a market leader in Europe. It's stuff that we really like.

Yes, in a similar vein to Expedia. CTS Venum is the dominant ticketing platform in Europe and the company is based in Germany. So again they benefit from consumers prioritizing experiences over goods and we can see a really good visibility into the twenty twenty five pipeline. The events pipeline remains strong and expected to be another strong year food industry and we expect the industry to grow high single digits in the coming years. We continue to see some of the long term secular growth drivers intact as well, including the online mobile migration of ticket sales, increased artists tune because they're replacing some of the declining recorded music sales, and more differentiated ticket pricing models, which has become a bit more dynamic. So it's tent twenty four times. It's a market leader in Europe. It's stuff that we really like.

Wow, plenty to think about. William, thank you for your time.

Wow, plenty to think about. William, thank you for your time.

Thanks Sean.

Thanks Sean.

That was William Louis and your investment analyst at WAYM Global. Remember to get your own independent advice before making investment decisions. This is for and Greed Summer Investing series brought to you by v Van to automates compliance for frameworks like ISO twenty seven one two CPS two three four in essentially eight saving time and money while building trust. Join over eight thousand companies like at Lasian, Dovetail and fire Ant managing real time risk. Get one thousand dollars off at Banta dot com, slash here and Greed. I'm Sean Elmer. Enjoy your day,

That was William Louis and your investment analyst at WAYM Global. Remember to get your own independent advice before making investment decisions. This is for and Greed Summer Investing series brought to you by v Van to automates compliance for frameworks like ISO twenty seven one two CPS two three four in essentially eight saving time and money while building trust. Join over eight thousand companies like at Lasian, Dovetail and fire Ant managing real time risk. Get one thousand dollars off at Banta dot com, slash here and Greed. I'm Sean Elmer. Enjoy your day,