Q1 2024: Smashing Expectations I believe Meituan-W continues to present an intriguing opportunity in the Chinese e-commerce sector. The company recently released its Q1 2024 results, and the numbers are nothing short of impressive. Meituan reported a robust revenue growth of 26.3% year-over-year, reaching a whopping RMB 75.4 billion. This exceeded market expectations, showing that $MEITUAN-W(03690)$ is adept at maintaining strong momentum even in a competitive landscape. Meituan riders exemplify the company's expansive delivery network Profitability on the Rise What's particularly noteworthy is Meituan's improved profitability. The company's adjusted EBITDA for Q1 2024 increased by 39.7% year-over-year to RMB 7.2 billion, with an adjusted EBITDA
Case closed friends, Wall Street's old guard is just too patriotic to let the markets fall around Independence Day.Looking back at the S&P 500's price action in July, I noticed every major selloff was clustered in mid or late June, perfectly avoiding the early July 4th period. Any declines in July were just routine pullbacks within broader uptrends - leaving patriotism as the only plausible explanation.This latest June bloodletting also solely targeted chip stocks, especially Nvidia. How can a trend of opening high and selling off not qualify as a pullback?Whether July sees further downside remains to be seen ahead of earnings season. If no pre-earnings pullback, we'll likely get the nausea-inducing post-earnings sell-off again, just like last quarter.Yesterday's SPY put buying reflect
I opened $TSLA 20240705 195.0 PUT$ ,The buying hype is back for Tesla after the result beats expectation, with an expected increase in volatility. Gonna secure some premium income since it is unlikely to drop back below 200, given the increased bullish view.
$Tesla Motors(TSLA)$ The Man & His fans. To his many fans, Mr CEO, Elon Musk is the future. Whether that future means: - Self-driving cars (ha, ha, ha), - Brain chip implants (he should volunteer to prove his vision), - To colonized Mars (he should lead by example), or - All of the above. The fans believe in the billionaire’s ambitions and, more importantly, his capability to bring them to fruition. Why ? Doesn’t his uneven track record as both innovator and entrepreneur mean anything? If there is anything he has done “right”; that is his ability to maintains a reputation for high-tech triumph, it’s in part because he’s been a relentless self-promoter, announcing new projects at such a clip that headl
Tesla released Q2 delivery data and jumped 5% pre-market, reaching $220.The company produced approximately 411,000 vehicles and delivered around 444,000 vehicles, exceeding analysts' expectations of 436,000 vehicles.In addition to the Q2 delivery numbers exceeding expectations, Tesla has several upcoming events.More details of Optimus and FSD on World AI Conference?At the World AI Conference from July 4th to 6th, Tesla will showcase the Cybertruck, the Optimus humanoid robot, and the latest advancements in FSD (Full Self-Driving).Tesla's Optimus humanoid robot is now capable of performing tasks in the factory, and by 2025, it is expected that more than 1,000 Optimus robots will be working in Tesla factories.Earnings coming this month!On July 23th, Tesla will release its earnings report, wh
Summary of the Last Session Market movements were led by significant fluctuations in major indexes. The Dow Jones Industrial Average saw a modest rise of 0.1%, while the $S&P 500(.SPX)$ increased by 0.3%. The Nasdaq Composite stood out with a robust 0.8% gain, hitting yet another record close. In contrast, the Invesco S&P 500 Equal Weight ETF fell by 0.8%, indicating a lack of breadth in market gains. A total of 382 S&P 500 stocks closed lower, with only four sectors rising and one remaining flat. $RSP The bond market saw rising yields after a slight decline in a key U.S. manufacturing indicator for June, which fell below expectations. This increase in yields adversely affected rate-sensitive sectors such as materials and real estate,
Overview: The broader markets continue to grapple with mixed signals as McDonald's $McDonald's(MCD)$ faces supply chain disruptions due to avian influenza outbreaks in Australia. The fast-food giant's recent decision to shorten breakfast service by 1.5 hours, driven by an egg shortage, underscores the ongoing challenges within the retail and agricultural sectors. The impact on McDonald's stock and the broader market dynamics provides a snapshot of how companies navigate supply constraints and adapt their operations to maintain stability and growth. Market Dynamics and McDonald's Performance: McDonald's Stock Amidst Supply Chain Challenges McDonald's recent announcement to cut breakfast service timings is a direct response to the egg sho
Overview: Shell's $SHELL PLC SPON ADS EACH REPR 2 ORD SHS(SHEL)$ recent decision to pause construction on its biofuels facility in the Netherlands is a significant move under CEO Wael Sawan's strategy to enhance the energy company's returns. This development, aimed at producing sustainable aviation fuel and renewable diesel, highlights Shell's adaptive approach to evolving market conditions. The broader markets have seen Shell shares rise by over 11% this year, reflecting investor confidence in the company's shift towards focusing on its most profitable oil and gas operations. Energy Sector: Shell's Strategic Shift Shell's pause on its 820,000-ton-a-year biofuels project, initially greenlit in 2021 and set to begin production in 2025, unders
Bank or SaaS: Which Record-High Stock to Add to Your Watchlist?
$Arista Networks(ANET)$ closed at $357.6 with a YTD increase of 51.46%. In addition to Arista, other SaaS companies like $Snowflake(SNOW)$ and $Cloudflare, Inc.(NET)$ also presented robust growth recently, benefitting from recent sector rotation. $Piper Sandler Companies(PIPR)$ closed at $231.98 and had a YTD gain of 32.66%; $JPMorgan Chase(JPM)$ closed at $205.45 with a YTD rise of 20.78%, After last week's stress tests and news of increased dividends, most banks have recently shown strong performance. For example, although $Bank of America(B
Both Bulls and Bears Love This Stock: Is Tesla's Future Brighter Than Its Past?
Do you know which stock has captured the attention of both bulls and bears alike? One investor shared a stunning single trade profit of $1284 through an options strategy. Curious about the logic behind this high return? Let's dive in!Congratulations to @Khooec for achieving an impressive $1284.7 return on buying TSLA calls. 🎉🎉🎉We also invite @Khooec to share his experience with this trade with everyone. 💪Despite numerous negative factors and weak sales prospects, Tesla's stock has shown remarkable resilience. As illustrated below, the stock price has soared over 46% since the profit announcement, significantly outperforming the $S&P 500(.S
[Trade Feed] @ZEROHERO: From 1000% Returns on SPACs to the Power of Compounding
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$Tesla Motors(TSLA)$ Oh boy, back on the topic of Tesla. If you follow me, you know I'm not on the Tesla fan base, for one... I love a V8. And batteries, well I don't mind them on a drill or a rattle gun but not on my drop saw or bench saw. But even though I cringe pretty much every time Elon posts anything, because it's words that don't get followed up with actions, I have to concede one overwhelming factor in Elon's favour. My father fought in WW2 he was a signal man on a British mine sweeping boat on D day, his ship was torpedoed, he was wounded but the ship was able to limp back to port. nothing close to what American soldiers faced that day though. Anyway my point is... regarding Americans (he called you guys yanks) he said "Yanks... wh
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of AAPL. We presented to members at the elliottwave-forecast. In which, the rally from 19 April 2024 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: AAPL 1-Hour Elliott Wave Chart From 6.23.2024 AAPL Perfect Reaction Higher From Blue Box Area Here’s the 1-hour Elliott wave chart from the 6.23.2024 weekend update. In which, the short-term cycle from the 5.23.2024 low ended in wave (3) at $220.20 high. Down from there, the stock made a pullback in wave (4
Hello everyone! Today i want to share some technical analysis with you!1. $SPDR S&P 500 ETF Trust(SPY)$ The mother of all wedges. 👀 2. $Tesla Motors(TSLA)$ closes back above its 200-Day SMA for the first time since January 10th...We are so incredibly back. 🔋 3. $Apple(AAPL)$ The bigger the base... 🍏4. $Snowflake(SNOW)$ Bull RSI divergence + Insider buying was a thing of beauty.5. $Marathon Digital Holdings Inc(MARA)$ Squeeze it 🍋 Follow me to learn more about analysis!!https://x.com/TrendSpider
SPX Daily Chart - Decline quickly bought recovering the 10DMA
$S&P 500(.SPX)$ The shooting star has not been invalidated yet, but as long as big tech keep soaring this market will remain in buy the dip mode and very risky to short.Breadth continued deteriorating today, which is consistent with tech driving the market. The SPX equal weight index fell 0.81% while SPX gained 0.27%.Some tech equities had weak performance but $TSLA continues validating long timeframes setups and $Microsoft(MSFT)$$Apple(AAPL)$$Amazon.com(AMZN)$ roared.July is a bullish month, so this week will be key to validate or invalidate topping setups brewing since mid June.I’m on vacation enjoying family tim
The forward P/E ratio of the S&P 500 is approaching levels seen during significant peaks
The forward P/E ratio for the $S&P 500(.SPX)$ index is the current price of the index divided by the estimated earnings per share for the next 12 months. It is used to assess the valuation of the S&P 500 index based on anticipated earnings.Currently, the forward P/E ratio of the S&P 500 is approaching levels seen during significant peaks.Not the case for the equal weighted index though.Something to be mindful about.Again: Approaching. $SPDR S&P 500 ETF Trust(SPY)$$NASDAQ(.IXIC)$$Invesco QQQ(QQQ)$$E-mini S&P 500 - main 2409(ESmain)$
Prepare for higher volatility, things are about to turn!After a relatively calm first half of the year, and overall a pretty good time for most markets — things might be about to get a bit mucky heading into H2.The historical pattern is for volatility to rise into the second half of the year.As a matter of fact, we are basically right on the cusp of the seasonal turning point (the average level of the VIX tends to rise from now through Oct/Nov).But seasonality is just that: an average of the past. The way I look at it you should bring in seasonal information once you have an existing strong thesis and have it help to round out and build conviction… or alternatively as a prompt to check out the bigger picture in the first place.So let’s look at the situation now:--Valuations: US large cap s
Nike has Fallen 57% from Its All-Time High. Don't Catch the Falling Knife.
Nike $Nike(NKE)$ has dropped 56.72% from its all-time high of USD 177.51 in 2021, with its current share price at USD 76.83, reflecting a 22.34% increase from its COVID-19 low of USD 62.80 in 2020. I maintain a neutral stance on Nike for several reasons: 1. Muted Growth: Revenue is projected to decline by 3% and 5% for FY2025 and FY2026, respectively, while Operating Income is expected to decrease by 7% and increase by 13% for the same periods. Nike anticipates a 10% year-over-year sales decline in the next quarterly earnings release due to a slowdown in the Chinese market and weakening global consumer demand. 2. Flaw in Direct-to-Consumer Strategy: Nike aimed for 60% of its revenue to come from direc