As a way to end 2024 on a high...here's a big thread with 24 of the highest quality stocks in the market. 

And my investment thesis for each one🧵

1. NuBank | $NU 

- $NU is my highest conviction investment over the next 3-5 years and quickly becoming a top position of mine. 
- An EPS of $0.80 is the forecast for 2026. At a PE of 25x (below the lows of today) you have a $20 stock. At a 30x PE you have a $24 stock.
- Geographically, they've acquired a big portion of Brazil but almost nothing in Mexico and Colombia. 
- They have one of the lowest cost operations out of all fintechs which has allowed them to go from -47% net income margin in 2022 to 36% today. 
- ARPAC is being weighted down by customer acquisitions but there's evidence it almost doubles from today's average for those mature accounts. 
- Macro headwinds in Brazil are the biggest bear case today, but $NU have managed these difficulties well in the past and I don't see this changing in the future.