The Investors Who Think Hazelnuts Will Be the Next Pistachios
Listen to Odd Lots on Spotify
We're in an age where shocks can occur on both the supply side and the demand side. On the supply side, the causes are well known. Pandemics, trade wars, and climate disruption have exposed the frailty of supply chains in goods too numerous to list. On the demand side, the tendency for certain goods to suddenly go "viral" among consumers can be impossible to predict. Take Dubai chocolate. The craze for pistachio-filled candy came out of nowhere, in part thanks to social media. Our guests on this episode are super bullish on a different nut. Burton Flynn and Ivan Nechunaev are managing partners at Terra Nova Capital Advisors, where they look for unusual investments in frontier markets all around the world. On this episode, they tell us about their bull case for hazelnuts, including where they're grown, the economics of hazelnut agriculture, and the limited ways of playing this popular nut.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
35 minutes ago
- Forbes
Grab Partners With WeRide To Rollout Robotaxis Across Southeast Asia
Ride-hailing and delivery giant Grab Holdings is teaming up with WeRide to accelerate the deployment and commercialization of autonomous vehicles across Southeast Asia. Under the deal, Singapore-based Grab said it will make a strategic investment to support WeRide's commercial autonomous vehicle fleet in Southeast Asia and push AI-driven mobility. The transaction is set to be completed in the first half of 2026, it added, without disclosing financial details. 'We want everyone in Southeast Asia to have access to reliable transportation whenever they need it,' Grab Group CEO and co-founder Anthony Tan said in a joint statement on Friday. 'However, manpower constraints remain a challenge. We believe autonomous vehicles can complement our driver network and be deployed in cities with significant driver shortages.' The expanded partnership follows a preliminary agreement signed by both Nasdaq-listed companies in March this year to explore the technical feasibility and commercial viability of autonomous vehicles in Southeast Asia. Grab's investment will accelerate the deployment and commercialization of WeRide's level 4 autonomous vehicles (which are designed to operate in specific geographies and weather conditions without human intervention) in Southeast Asia, Guangzhou, China-based WeRide said in the statement. 'WeRide's vision for Southeast Asia is to deploy thousands of Robotaxis across the region,' Tony Han, founder and CEO of WeRide, said. 'Grab, our newest partner and investor, is a household name in Southeast Asia with unmatched regional expertise and scale in ride-hailing and digital services.' WeRide has permits to operate autonomous vehicles across China, France, Saudi Arabia, Singapore, United Arab Emirates and the U.S. It posted a net loss of 406.4 million yuan ($57 million) in the second quarter, slightly narrower than a year ago, as revenue jumped 61% to 127.2 million yuan. Grab swung to a $35-million net profit in the second quarter, compared with a $53 million net loss a year ago as sales climbed 23% to $819 million on the back of sustained demand for ride-hailing and delivery services in Southeast Asia. It added about two million monthly active users during the quarter, bringing its total to 46 million.
Yahoo
an hour ago
- Yahoo
Jim Cramer on Celestica: 'It is a Strong Buy'
Celestica Inc. (NYSE:CLS) is one of the stocks Jim Cramer recently discussed. When a caller inquired about the company, Cramer stated: 'Oh, Celestica is red hot. I like Celestica. I like Jabil. I like Sanmina. All three of these companies are, what they do is they contract manufacturing, and in a time of tariffs, you want to be where you can build something, that you have a lower tariff, and Celestica can really help you. It is a strong buy. I've been trying to figure out how to recommend it on the show, and I'm so glad you called… you just gave me the chance to do so.' Photo by Adam Nowakowski on Unsplash Celestica Inc. (NYSE:CLS) provides manufacturing and supply chain solutions, including design, engineering, assembly, testing, logistics, and after-market services. The company serves industries such as aerospace, defense, industrial, HealthTech, communications, and enterprise markets. Cramer commented on the stock in a February episode of Mad Money. He remarked: 'It has come into its own in a way that I cannot believe it, and everyone's piled in on it. And now, because of the fact that we got that downturn, you're gonna get a chance to buy it. It sells at 22 times earnings. I want you to wait till it's at 20 times earnings below the S&P and you can pull the trigger. I would probably put it at, I'd say $80.' Since Cramer made the above comment, the stock is up by nearly 90%. While we acknowledge the potential of CLS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
an hour ago
- Yahoo
TSMC to Phase Out 6-Inch Wafer Business to Improve Efficiency
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the best high-volume stocks to invest in. On August 12, TSMC announced a 2-year plan to phase out its 6-inch wafer manufacturing business. The company stated that this decision, made after a thorough evaluation of market conditions, is aligned with its long-term business strategy to improve efficiency. TSMC is also continuing to consolidate its 8-inch wafer production capacity. The company has only one 6-inch wafer fabrication plant and four 8-inch fabs in Taiwan, which are used for mature-node chip manufacturing. The production of advanced-node chips for major customers like Apple Inc. (NASDAQ:AAPL) and Nvidia Corp. (NASDAQ:NVDA) takes place in its 12-inch fabs. A close-up of a complex network of integrated circuits used in logic semiconductors. According to TSMC, this move will not affect its previously announced financial targets. The company is working with its customers to ensure a smooth transition and remains committed to meeting their needs during this period. In July, TSMC projected that its revenue would increase by about 30% for the year. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a technology company that manufactures, packages, tests, and sells ICs and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the US, and internationally. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
