Summary sale / purchase by Ms Cathie Wood : Sold - 139,642 Tesla shares at $192.22 per share. Total sales proceeds - $26.84 Million. Bought - 268,928 Coinbase shares at $66.30 per share. Total purchase costs - $17.83 Million. Bought - 320,557 Block shares at $61.88 per share. Total purchase costs - $19.84 Million. Ark funds forked out additional $10.83 Million to complete above 2 purchases. A few things came to mind when I came across above news article.. The obvious question is “Why did Ms Cathie Wood sell $Tesla Motors(TSLA)$ and used the proceeds to fund additional purchase of $Coinbase Global, Inc.(COIN)$ and $Block(SQ)$ ? Before examining each reason under the

US market on Wed (22 Mar) traded directionlessly until 2:00pm when the FOMC meeting was over with the press conference by Mr Powell, hot on the heels. When the 0.25% interest hike was confirmed, market “reacted positively” initially. It was afterall the much anticipated 0.25% and not the much feared 0.5%. The “euphoria” proved to be short-lived as the press conference pressed on with Mr Powell further confirming that there would be no let down from the central bank in their fight to bring inflation down. Personally I think, it is commendable that the Fed Reserves provides a clear direction of where they are heading without being ambiguous. Doing so minimizes “speculations” of any sorts to be postulated by Wall Street to smoke-screen and “fool” the general public. Agree ? By The Time Market

It was just last week, that I shared a post on Palantir’s strategic move to migrate from the S&P 500 index to Nasdaq. (click here ! to read and repost to share) And the potential of its value (and stock price) rising further if it is selected to join the $NASDAQ 100(NDX)$ index. Even before this piece of good news has thoroughly filtered through, I am sharing another piece of celebratory (hopefully) news. With the unveil of ChatGPT in November 2022, artificial intelligence has taken the world by storm. Software companies are touting how AI-powered services can yield higher productivity levels in the w

The FAANG stocks, which comprise some of the most influential and profitable tech companies in the world, have disappointed their investors in the latest quarter of 2023. Despite their remarkable growth in previous quarters, the FAANG have: Failed to meet the high expectations of the market. Reported less than perfect earnings results. This has wrong footed many investors who were: Betting on the continued dominance of these tech giants in the post-pandemic era. Hoping that the FAANG’s fantastic results could lift up the US market, given a depressing Sep and Oct 2023. $Meta Platforms, Inc.(META)$, formerly known as Facebook, has “better” its earnings estimates. The company reported: Earnings per share (EPS) of $4.39, well above consensus estimate

Of late, the internet has been flooded with posts by “veterans” dishing out negative news about the US —economy and stock market are on the verge of collapse (see below). When you come across such posts, how do you make sense of them? Personally, it depends who is dishing out such news? For instance, Mr Marko Kolanovic from JP Morgan is high profile when it comes to the US market. How could he not be, coming from $JPMorgan Chase(JPM)$, US #1 international bank. Sometimes he makes sense but many a times, he,…. (fill in the blanks yourself ok).. LOL! Then you have Mr Robert Kiyosaki, accidental writer of best seller “Rich Dad, Poor Dad”. Listen to him is akin to listening to Ms Cathie Woods. Why would anyone listen to him when: He professed that his

The Comeback Kid ? $SUPER MICRO COMPUTER INC(SMCI)$ stock have staged a ‘remarkable recovery’ of sort since Fri, 15 Nov 2024. On Tue, 19 Nov 2024, it soared as the server maker’s plan to stay listed on the Nasdaq exchange appeared to soothe investors. In just over 2 days, it has re-gained $9.69 or +52.15% to $28.27 per share: (see below) By end Monday, it rose by +15.93% ($2.96). By end Tuesday, it rose by +31.24% ($6.73). SMCI bottomed last Thu, 14 Nov 2024 at $18.01 per share. By Fri, 15 Nov 2024, it added $0.57 to its Thursday closing price. When trading resumed this week, it climbed exponentially. According to Dow Jones Market Data, SMCI shares were on pace for their largest percentage increase since Feb. 22. Based on Tuesday performance, the

$Tesla Motors(TSLA)$ released its Q2 2023 earnings on Wed 19 Jul 2023 after US market closed. This was followed by a press conference to answer queries that analysts, wall street professionals may have. Reactions on the following 2 days - Thu, 20 Jul & Fri, 21 Jul best summed up Wall Street sentiments. They did not like all the negatives stemming from the clarifications session. Does this signal the beginning of another Tesla correction? Below are some possible catalysts that I think might spur decline: (1) Q3 2023 EV volume will be reduced. During Q2 earnings press conference, mr musk announced that in Q3 2023, the giga factories will shutdown for factory improvements. (see above). Meaning output and delivery will be affected. Coupled with co

Total Eclipse. It has been a while since I last posted on NIO. This Chinese EV maker is due to release its earnings report card today before US market trading begins, I thought I share a post on them. If not, NIO’s spotlight will be ‘stolen’ and eclipsed by $NVIDIA Corp(NVDA)$ quarterly earnings that have already been hogging the limelight for the past few days and into Wednesday evening (US time). Stock Take. For October 2024, Chinese luxury electric vehicle maker $NIO Inc.(NIO)$ stock reported deliveries of 20,976 vehicles; that is roughly flat versus September. Comparatively speaking, Nio’s deliveries has been up +30% YoY. Deliveries for the first 10 months of 2024 came in at 170,257 vehicles. This is u

This is how I see the US “bigger” banks in the coming months and into 2024. It is based off an accumulation of: March 2023 US banking debacle that has brought down 3 US banks - (a) Signature Bank, (b) Silicon Valley Bank (SVB) and finally, (c) First Republic. News articles that I have come across in recent months. Extract of Mr Powell’s testimony with Senate Banking Committee on Thu, 22 Jun. This is how I see it. Summary. US banking sector is facing a challenging outlook in the second half of 2023 and into 2024, as it: Grapples with the aftermath of the March banking debacle. Adheres to the FDIC's latest levy. Explores the Fed's new credit requirement and Enforces credit tightening within the industry. Below is analysis of each factor and its implications to the US bigger banks. (1) Th

When I came across the above article, I sat up quickly, click on it and savour the article in one sitting. When the world’s largest assets manager, $BlackRock(BLK)$ CEO, Mr Larry Finks said something so “profound”, we need to pay close attention especially when distilled to its essence, it is about money & investments. My usual prelude before deep diving into the main content. What is Environmental, Social & corporate Governance (ESG)? It is an approach to investing that recommends taking (a) environmental issues, (b) social issues and (c) governance issues into account when deciding which companies to invest in. It has become increasing

On the eve of Chinese New Year’s Eve (Thu, 08 Feb 2024), US stocks were moving in different directions. There were some outsized gains seen in semiconductor stocks, as investors looked ahead to the annual consumer-price index revision due on Fri, 09 Feb 2024. As noted by Morgan Stanley economist Diego Anzoategui: Last year’s revision was large, showing much weaker disinflation throughout 2022 and added uncertainty ahead. However, do not expect another big change for impending release. By the clock chimed at 4:00pm US time: DJIA: +0.13% (+48.97 to 38,726.33). S&P 500: +0.06% (+2.85 to 4,997.91). Shy of the 5,000 market. Nasdaq: +0.24% (+37.07 to 15,793.72). Stocks that bolstered the Indexes included: Monolithic Power Systems, Inc. (MPWR): +14.20% Walt Disney (DIS): +11.50%. ON Semicondu

Looking back, the S&P 500 index has had a strong performance in 2023. As of Fri, 14 Jul 2023, it has gained +17.82% year-to-date (YTD), see below. S&P 500 - YTD performance Of the index’s 500 companies, Technology sector has been the best performing sector; rising by +21.65% by Q1 2023. Some of the biggest gainers include: $NVIDIA Corp(NVDA)$. $Meta Platforms, Inc.(META)$. $Tesla Motors(TSLA)$. $Salesforce.com(CRM)$. These companies have benefitted from: Strong earnings. Semiconductor industry performance. Artificial intelligence (AI) applications. Cloud computing services. However, analysts are sounding alarms on

In my post on Tue, 02 May 2023 (click here to read ! and give a “Like”), I have shared my worries about US debt limit impasse may further weaken US stock market, that is still reeling from the US regional bank crisis contagion. US Debt clock Above is the latest snapshot of US debt clock: Figures in “red” represent expenses / money spent. Figures in “green” represent revenue / money received. So many red items and so few greens ! Latest Development: President Biden has invited Republican House Speaker Kevin McCarthy to meet at the White House on Tue, 9 May 2023. This will be the first meeting between the two leaders to discuss the issue since it first surfaced on 13 Jan 2023 when US Treasury Secretary, Ms Janet Yellen sent

According to the European Automobile Manufacturers’ Association, over 85 Million motor vehicles were built around the world in 2022, based off data from the World Trade Organization (WTO).. In below diagrams, text was added to make sense of the 85 million vehicles, by ranking the world’s 10 largest automotive exporters. It includes countries from nearly every corner of the world, highlighting the global nature of the industry. Before looking at the charts, below are the Criteria & Conditions used in the selection & ranking process. Criteria & Conditions: Above data represents a country’s share of the total export value of global automotive products. “Automotive products” — defined by WTO includes [1] motor vehicles, [2] parts and accessories for motor vehicles, and [3] internal

US banks in the spotlight once again! I have shared 3 posts about the Fed, US interest rates, next FOMC meeting and US banks: 29 May - US Debt, Stock Market, Interest Hike In Coming Week/s. 31 May - US Fed's Interest Hike In June ? 3 Factors To Decide.. 02 Jun - US Banks Not Out Of Woods Yet. Not By A Long Shot. To read, click on the post’s title. Please give a “Like”, “Share” or “Re-post” after reading ok. Thanks! As June, 13 - 14 draws closer by the day - the market is rift with a lot of uncertainties on whether the Fed will blindside it with a 0.25% interest hike. The concerns

It was a “pleasant” surprise to wake in the morning to find that US market has staged a 1-day rally where gains were quite “substantial”. As mentioned in my Tue, 16 May post’s opening paragrahs, “pointless” to celebrate because market will struggle thru this week, in a “confused” state. See what I mean? US market’s futures for Thu, 18 May is a “red” wash all over again. Without a national issue eg. Debt Limit, the US market is already “unpredictable” at times; let alone with one now, the US market is going to get even crazier. While trying to play the devil’s advocate on the US Debt Limit issue, I stumbled upon the article by The Council of Economic Advisors (CEA) on the economic impact based on different degrees of Debt L

I could not believe my eyes when I came across the news article with the contentious title (see below). This is especially so in view that the strike is into its 10th day since it commenced on 15 Sep 2023. Before jumping into the subject proper, I thought it is fitting to have a summary of events leading up to the strike. The strike did not just happen out of the blue, truth be told. It dated back to year 2008 where the economic recession took its toll on the auto industry. The labour union supported the auto industry heads by signing away some of the concessions with the understanding that they would be reinstated when the industry recovers. The promise remained unfulfilled until 14 Sep 2023 when the contract expires. {Is it naive to expect corporate America to do the right thing? LOL!} O

A few days ago, I have posted on Nvidia’s Q3 2024 earnings and its falling stock price. Nvidia is falling, time to Buy? - click to read, give a like. Thanks. Main drivers of Nvidia's stellar performance were strong demand for its (a) data center and (b) gaming products, that enable artificial intelligence (AI) and high-performance computing (HPC) capabilities. On Black Fri, 24 Nov 2023 when trading resumed for half a day, Nvidia continued to trend downwards. (see above) Based on its peak price of $505.48 as of 21 Nov 2023, Nvidia has fallen by -5.5% by the time trading ended on Black Friday. In contrast, the 3 US composite indexes, have been risi

It came as a “surprise” that China has decided to ban $Micron Technology(MU)$ chips from being imported into China, citing the “US often used alibi” of “national security” as the reason. This came about after a security review conducted by the Cyberspace Administration of China. The ban is on operators of “critical information infrastructure” in China from buying products from the US chip giant. China’s Top Semiconductor Chip Supplier: $Intel(INTC)$ Samsung SK Hynix Micron Technology - it is the 4th largest supplier of chips to the Chinese market. $Qualcomm(QCOM)$ What Is Unknown? With the announcement coming out of the blue, there are still many unknows: Duration

US market continued to rally to a new high, in part fueled by the 2 sets of official data released. When market closed on Thu, 13 July 2023: (see above) DJIA: +0.14 (+47.71 to 34,395.14). S&P 500: +0.85% (+37.88 to 4,510.04). Nasdaq: +1.58% (+219.61 to 14,138.57). Excelled again. The 2 sets of official data that help to fuel US market’s rally: Producer Price Index (PPI). US Weekly Jobless Claims. US June 2023’s PPI came in at 0.1%, way below the expected forecast 0.4%. It is also lower than last month’s 0.9%. US PPI has been falling consistently from Jan 2023 to Jun 2023 (latest). Unemployment claims fell to 237,000 versus 249,000 (previous week) and against Wall Street expected 250,000. Week to week jobless claims have not been consistently on the decline. The heavy weight stocks rele