To The Moon

$Palantir Technologies Inc.(PLTR)$   What To Know Ahead of PLTR's Earnings ? Palantir Technologies (PLTR) is set to report first-quarter earnings after the bell on Mon,6 May 2024. Investors would be watching for PLTR: -    Commercial revenue gains. -    Whether it can show that its artificial intelligence (AI) growth is sustainable. Q1 2024 Earnings Expectations. Wall Street's expectations -   Revenue: $615.32 million vs $525.19 (Q1 2023); gain of +17.16% YoY. -   Earnings per share - diluted (EPS): $0.03 per share vs $0.01 per share, gain of +300% YoY. -   Net income: $83.94 million vs $19.15 million; gain of +338.33% YoY.  Key Metric - Commercial Growth.

Prominent Bitcoin detractor Peter Schiff took to social media “X” (Twitter) to predict that the price of Bitcoin (BTC), the largest cryptocurrency, will plunge back to the $20,000 level. The gold bug argues that despite the plunge, it would still be a "high" price for the crypto leader. If price really falls, he estimates that business intelligence company $MicroStrategy(MSTR)$, which is known as the largest corporate holder of Bitcoin, will have to face an unrealized loss of $3.25 billion.  Schiff has also accused MicroStrategy, that owns a total 214,400 Bitcoins of manipulating the largest cryptocurrency.  The gold bug's recent comment came after the price of Bitcoin slipped to an intraday low of $60,065 after the seemingly underw

Wall Street analysts’ attention shifted back to fundamentals? Maybe the Mega cap companies quarterly earnings are still very much in focus but for the rest, it seems like despite their commendable Q1 earnings, their weaker outlook for current Q2 seems to have spooked market overall. This brings to my post’s probing question. ADP Employment report. On Wed, 01 May 2024 the ADP Non Farm employment report was released. This report measures the monthly change in non-farm, private employment, based on the payroll data of approx 400,000 US business clients. It is a good predictor of the Bureau of Labour Statistics's non-farm payroll report. For April 2024, private sector employment increased by 192,000 jobs, a fall of -7.69% from March data. Although it came in +7.26% higher than Analysts consen

Conditional Approval? The Federal Trade Commission (FTC) is close to approving $Exxon Mobil(XOM)$ acquisition of $Pioneer Natural Resources(PXD)$ for $60 billion. The approval is contingent on the condition that Pioneer's founder, Scott Sheffield, will not join Exxon's board. This decision comes amidst ongoing legal challenges and allegations of collusion among oil producers in the Permian Basin. What Came to Mind? Reading the news, I immediately thought: "Could the approval boost ExxonMobil's stock price”? It's been dropping since their first quarter earnings report came out last Friday morning (26 Apr)." XOM - Q1 2024 Earnings. Below is XOM’s first quarter compared to its YoY performance and Wall Street e

On Thu, 18 Apr 2024, IPO shares of digital marketing firm Ibotta soared +33% on their debut on the NYSE. This gave the $Wal-Mart(WMT)$ -backed company a market valuation of $3.55 billion. $Ibotta Inc.(IBTA)$ sold 6.6 million shares at $88 apiece, raising $577.3 million. Earlier its estimated price range was $76-$84 apiece. In 2024, it looks like Tech offerings are leading the charge as the US IPO market rebounds, after a sluggish two years, fueled by hopes of a soft landing in the economy. Ibotta's stellar listing follows recent successful debuts by: Social media platform Reddit, $Reddit(RDDT)$. Chip firm Astera Labs, $Aster

Replying to @ICECREAM:Hi, tks for reading my post... It's between the devil and the deep blue sea//@ICECREAM:The Fed has got to raise interest rates and kill some jobs.. Other choice is stagflation.

Replying to @CornerSteve:Hi, didn't u know that Mr Powell was nominated by ex Mr Trump? Now u r implying the ex made a mistake in this too? How many mistakes must a president make in order to be classified useless?//@CornerSteve:This fed chair need to go away, playing politics, manipulating the narrative and markets. Trump will fire this guy

Saturday. In my post, dated 25 Apr 2024, I have listed 3 factors that caused market to dip. (click here ! to read) In my parting words, I believed US market will be jittery on Tues (30 Apr) & Wed (01 May). Guess what? US market fell and fell badly on Tuesday: (see above) DJIA: -1.49% (-570.17 TO 37,815.92). S&P 500: -1.57% (-80.48 to 5,035.69). Nasdaq: -2.04% (-325.26 to 15,657.82). Market trended lower throughout the day and “plunged” 30 mins before 4pm closing. CB Consumer Confidence Index. Besides market being jittery about FOMC meeting (just like in the past), the Consumer Confidence report out on Tuesday, depressed the market. (se

Q1 2024 Earnings On Mon, 29 Apr 2024, $SoFi Technologies Inc.(SOFI)$ reported its Q1 2024 results. They did not disappoint: (see below) Earnings per share: $0.02 adjusted vs. $0.01 expected. Revenue (GAAP): gained +37% YoY at $645 million vs $472 million (2023), vs $556 million expected. 2nd Quarter reporting Profits. Q2 2024 Forecast. Earnings per share: revised higher at between $0.08 & $0.09 vs $0.08 expected. Revenue: estimated between $555 to $565 million, vs $581 million expected. As a result of having an outlook “lower” than Wall Street’s, it suffered the same fate as $Intel(INTC)$. SoFi stock price fell by -10.48% to closse at $7.05 per share. Earnings Analysis SoFi’s revenue stream comes

On Thu, 25 Apr 2024, $Intel(INTC)$ announced its much anticipated Q1 2024 earnings. This comes hot on the heels of Wall Street stretching its necks out and hoping for a feel-good alibi to pump Intel’s stock price higher. And the results ? Q1 2024 Earnings. In summary, Intel first-quarter earnings has beaten Wall Street expectations for earnings per share (Yay!). Unfortunately, sales came up light (uh-oh!). Then the bomb, Intel gave a weak forecast for current quarter - Q2 2024. (ka-boom!) Intel earnings vs LSEG consensus expectations: Earnings per share: $0.18 adjusted vs. $0.14 expected. Revenue: gained +9% at $12.72 billion vs $11.7 billion YoY, vs $12.78 billion expected. Q2 2024 Forecast. Earnings per share (forecast) : $0.10 vs $0.25