News
How much is too much?

Last week, banks, airlines, and other economically sensitive sectors felt the brunt of rising COVID cases across Europe. Major tech names and strong retail earnings did enough to counteract the negative pandemic sentiment with the S&P 500 and the NASDAQ finishing the week up 0.4% and 1.3%, respectively.
This week, sentiment looks to be against the stock market as it remains under pressure from a bond market that is looking increasingly jittery as the FED starts to wind down its asset purchases.
Sentiment Shift
'Travel, good - stay at home, bad' has been the default position for markets over recent months. The likes of Marriot International and Airbnb have been rewarded while stay-at-home names such as Peloton and Zoom have cratered. Peloton has fallen over 70% from its pandemic highs, while Zoom has already slipped another 20% this week alone as investors reacted to a further slowdown in revenue growth. However, with COVID cases now rising again and lockdown measures being put in place across Europe, our heightened need for these stay-at-home names may not be over. Don't write these pandemic darlings off just yet. While momentum is likely to remain negative over the short term, the new lower price point will make for a more compelling investment.
How much is too much?
Nvidia: +161% YTD
Last week, Nvidia continued its phenomenal run as the tech giant reported a 50% jump in Q3 sales.
Nvidia is now the seventh-largest company in America and could soon become just the sixth company to reach a Trillion-dollar Market Cap.
While Nvidia's valuation multiplies are astronomically high, fixating on trailing earnings multiples has not been a rewarding investment strategy over recent years.
"The best performing stocks in the current era have never given you an opportunity to own them at parity with the market's multiple or below. And why would they have? Shouldn't the highest quality, fastest growing, best positioned companies have stocks that sell at a premium to the stocks of lesser firms?" - Josh Brown
While much of the future growth is already priced in, and 'quality at any price' is a potential pitfall, there is no denying that Nvidia is perfectly positioned to maintain its market-leading position well into the future.
Almost every company in the world will need to incorporate a digital and virtual arm in years to come. It's not just the tech giants that will drive future order flow.
Nike, for example, just announced last week that it is entering the metaverse via the launch of a virtual world known as 'Nikeland' on Roblox. Nike will be building an online store for Roblox users to try on virtual apparel, and it will have an arena for playing games mimicking the likes of the Super Bowl and the World Cup. Nike is not alone in this digital push as more and more companies look for ways to appeal to a younger audience.
As we move closer to a virtual world and the mythical metaverse becomes a reality, Nvidia's hefty valuation may become a little easier to comprehend.
Learn how to invest today, go to theislandinvestor.com.
News
Massive Park Road housing development given green light
A private developer has been given planning permission to build 249 new residential units at Upper Park Road. The development, which will be built on a recently cleared site near […]

A private developer has been given planning permission to build 249 new residential units at Upper Park Road.
The development, which will be built on a recently cleared site near An Post’s sorting office, will include a variety of properties from five-bed houses to single apartments, along with a crèche and over 500 car spaces and over 300 bike spaces.
The development has been welcomed by local councillor Martin Grady.
“Killarney has a massive housing shortage so this is very positive. It will retain young families in the area, stimulating economic growth,” he said. “After 17 years of different planning applications it’s finally coming to fruition.”
News
Ballydribeen residents living in fear due to anti-social behaviour
Residents in the Ballydribeen are living in fear as a result of increased anti-social behaviour in the estate. Several serious incidents in the estate have resulted in several Garda visits […]

Residents in the Ballydribeen are living in fear as a result of increased anti-social behaviour in the estate.
Several serious incidents in the estate have resulted in several Garda visits in the last week.
Local councillor Martin Grady told the Killarney Advertiser that residents are “living in fear” as a result of very serious incidents in the last week alone.
One house in the estate was badly damaged when fire crackers were placed inside a letter box.
Another house had its windows smashed in over the weekend.
“It’s a major problem,” added Grady after meeting residents there earlier this week.
One of the most serious incidents occurred on Tuesday night.
A passing motorists had rocks thrown at his car while driving along the bypass whch is adjacent to the estate.
Taking to social media, local primary-school teacher Pádraig O’Sullivan posted:
“Travelling home tonight, at 11.05pm on the Killarney side of the bypass our car was hit by a rock – not a pebble – from the Ballydribben side , which hit the passenger door.
“It was centimetres away from hitting the window where my father, who is visually impaired, was sitting.
“This could have caused catastrophic permanent injury to him.
“The Killarney Garda were on the scene within three minutes.
“They can’t be patrolling the bypass all night.
“It comes down to parenting. You should know where your children are at this hour and be able to teach them what’s funny and what ruin a person’s life or cause a fatal crash.“
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