Equity Mates Investing Podcast All roads lead to Google, Mr. Beat-Up reviews WiseTech & Pimp my Portfolio with Luke Laretive
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Nov 5, 2025 Luke Laretive, an insightful investor and portfolio adviser, helps community member Sheridan refine her portfolio strategy. They discuss core-satellite investing, the impact of thematic bets, and the importance of maintaining a solid core. Simon (Mr. Beat Up) dives into WiseTech, examining its recent scandals and valuation concerns. He critically assesses its acquisition strategy and growth potential while raising red flags about governance and risks. The conversation explores whether WiseTech can rebound and sustain its competitive edge in the logistics software market.
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Big Tech Is Driving Earnings Strength
- Earnings season shows the S&P 500 with four consecutive quarters of double-digit earnings growth driven largely by Big Tech.
- Profit margins expanded to over 14%, explaining part of the market's all-time highs.
Alphabet Hits $100B Quarter
- Alphabet reported a record quarter with revenue over $100 billion led by search and YouTube ads.
- Google Cloud and Gemini adoption also contributed to the company's strong performance.
Four $10B Google Businesses
- Alphabet now has four businesses each generating $10B+ per quarter: Search, YouTube, Platforms & Devices, and Cloud.
- This diversification reduces reliance on any single revenue stream and highlights scale.