Harmony's (HMY) headline earnings per share for the full year ended June 30 sank 49% to 4.99 rand (~$0.296) from 9.87 rand a year ago.The miner swung to a full-year net loss of 1.05 billion rand ($62.3M) from a net profit of 5.09B for FY 2021, including a 4.43B rand ($263.1M) impairment due to a reserve downgrade at its Tshepong operations, which significantly affected their valuation.Full-year revenues rose 2% Y/Y to 42.65B rand from 41.73B rand, but gold production edged lower to 1.49M oz vs. 1.54M oz a year earlier, and all-in sustaining costs increased 3% during the year to $1,749/oz from $1,515/oz, as a result of the lower production but also due to higher costs for labor, electricity and consumables.Harmony's (HMY) board declared a final dividend of 22 South African cents per share,

The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world:Returning to an in-person conference for the first time since the pandemic spread in 2020, the heavyweight lineup is headlined by Fed Chair Jerome Powell with a speech on Friday morning, at 10 a.m. Washington time.Investors will be listening closely for any clues about how the US central bank is thinking about the pace of interest rate increases ahead of its Sept. 20-21 policy meeting, after raising its benchmark rate by three-quarters of a percentage point at each of its last two meetings.Kansas City Fed President Esther George, who is hosting the conference thi

Payrolls seen climbing 298,000; hourly wages forecast up 5.3%Data follow mostly firmer recent readings on labor marketThe hotly anticipated US jobs report has the potential to tip the scales toward a third jumbo-sized hike in interest rates later this month after a wave of data that point to a resilient consumer and high labor demand.Friday’s report is one of the last marquee releases Fed officials will have in hand before the mid-September policy meeting to help them decipher a complex economic and inflationary puzzle.Forecasts call for a healthy, yet more moderate 298,000 gain in August payrolls and for the unemployment rate to hold steady at 3.5%, matching the lowest in five decades. Solid wage growth is also expected amid a persistent mismatch between labor demand and supply.Such figur

After Q2 earnings, I updated my price target for Tesla (NASDAQ:TSLA) stock to $765 pre-split, which implies 14% downside from the current price. As I've shared in past articles (1,2), the key assumption inmy model is that Tesla grows at a 25% CAGR over the next decade primarily due to growth in electric vehicle sales. While the upcoming Tesla stock split isn't material to my thesis, investors may have questions about how the split works, and I'll attempt to answer some of the common ones in this article.Stock Split FAQsI covered Tesla's stock split in my last article, but I'll recap a few of the key questions and answers about the split here. Those who read my previous article or are experienced with stock splits can skip to the next section.How Do Stock Splits Impact Your Investment?The t

Bitcoin's blow-off top at $25k on August 14th signifies the end of a reflexive rally, representing the "return to normal" stage of a bubble.We anticipate Bitcoin is entering "phase 2" of its first-ever bear market, which can decrease BTC by another 60% to 80%.Tight monetary conditions, regulatory encroachment into crypto, pending collapses/insolvencies, and the spread of Monkeypox can push Bitcoin to $13k, $11k, or $8k - $5k by November 2022.rayisaBitcoin: This Time Is Different!As opposed to the grassroots movement it once was, institutional fund flows primarily drove Bitcoin's (BTC-USD) most recent bull trend. In 2020, the US Federal Reserve lowered interest rates to 0 and provided over $2.3 trillionin loans to support the economy. This, combined with Covid-19 stimulus checks given direc

There's no beating about the bush: It's been a trying year for investors. The combination of historically high inflation, a weakening U.S. economy, and heightened geopolitical tensions (e.g., Ukraine war), pushed both the broad-based S&P 500 and technology-centric Nasdaq Composite firmly into a bear market.However, you wouldn't know the stock market is suffering through one of its worst years in decades by the actions of Wall Street's most-successful investors. Instead of retreating to the sideline, billionaire money managers have been actively buying stocks as the market dips. In particular, billionaires have really taken a liking to tech stocks focused on forward-looking innovation.What follows are four next-generation tech stocks billionaires simply can't stop buying.Image source: G

Buffett's amazing investing track record has led to a greater than 3,600,000% return for his company's shareholders since 1965.Due to an acquisition in 1998, Buffett has a "hidden" portfolio with $5.9 billion in assets under management.The latest round of 13F filings revealed three brand-new growth stocks added to Berkshire's secret portfolio during the second quarter.There are few investors who command the attention of a room quite like Berkshire Hathaway CEO Warren Buffett. Since taking the reins in 1965, he's led his company's Class A shares (BRK.A) to an average annual gain of 20.1%, which translates into an aggregate return of 3,641,613%, as of the end of 2021. Though no investor is infallible, Buffett's knack for picking winners has earned him a captive audience.The easiest way for i

All eyes were on Netflix, Inc.(NASDAQ:NFLX) earlier this week ahead of its earnings release on Tuesday after the market close.The analyst community was calling for earnings of $2.96 per share on revenue of $8.0 billion and for a 1.9 million drop in paid subscribers. This follows the 200,000 paying subscribers Netflix lost in the first quarter and its guidance for a two million loss in the second quarter.The reason for the drop?Experts cite inflation and competition from services like The Walt Disney Company’s (NYSE:DIS) Disney+ are to blame.

The S&P 500 has fallen sharply in recent days, as the dovish pivot has vanished.An FOMC meeting and a slew of economic data will make September very volatile.Rising rates and uncertainty could put the June lows in play.Stocks are off to a turbulent start in September, as the Fed crushed all hopes of a dovish pivot at the Jackson Hole meeting last Friday. To make matters worse, September will hold several key economic data points and an FOMC meeting which could create even more volatility in a seasonally lousy time.Today's job report appeared a bit weaker on the surface due to the rising unemployment rate. However, the jobs data showed that the pace of hiring in the economy is still strong, and wage growth remains elevated, despite rising slower than inflation.The increase in unemployme

SummaryOver the last 5 days, the market has reached a consensus of sorts on Alibaba's valuation; its value is somewhere between $90.78 and $100.88/share.Alibaba has repeatedly traded at high volumes near both value extremes in the last 5 days, sometimes on the same day.Alibaba's volatility makes it a great stock for short-term day or swing trading.Money in losing positions is often called "dead money". However short-term trading around a losing position can, if executed successfully, lower a position's cost basis and generate return.The Young Bull and the Older, Wiser BullRecently, I observed an old bull and a young bull grazing in a green pasture on a beautiful, sunny day. The young bull gazed towards a nearby watering hole and noticed a herd of cows had gathered there. The youngster said

The 15% minimum corporate tax under the Inflation Reduction Act could help in addressing tax loopholes and generate billions of dollars to fund clean energy and healthcare initiatives. The minimum tax rate specifically targets certain large corporations, including Nike and Amazon, which have often been criticized for avoiding taxes despite raking in billions of dollars in profits.After much delay, the U.S. Senate recently passed the $430 billion climate, healthcare, and tax bill called the Inflation Reduction Act. If signed into law, the Inflation Reduction Act aims to fight climate change and lower healthcare costs. The significant investments under the bill will be partly funded by a 15% minimum corporate tax imposed on large corporations with an average book income exceeding $1 billion

misses.GE $(GE)$ is scheduled to report earnings for the quarter through June on July 26, before the opening bell.The company, which will be losing its industrial conglomerate status given its plan to split into three independent companies by early 2024, has beat profit expectations the past five quarters, while at the same time missing revenue forecasts.Investors have been especially disappointed in the past two quarterly reports, as the stock tumbled 10.3% the day the company reported first-quarter results and slumped 6.0% after fourth-quarter 2021 results.Perhaps that's why Wall Street has been preparing for another disappointing report.The stock inched up 0.1% to $68.19 on Friday to log a sixth straight gain. Although it has run up 11.6% during its win streak, the streak started after

This year has served as a kick-in-the-pants reminder that the stock market doesn't rise in a straight line -- even if 2021 gave off the impression that it did. Since hitting their respective all-time highs between mid-November and the first week of January, the iconic Dow Jones Industrial Average, benchmark S&P 500, and growth-focused Nasdaq Composite, plunged by as much as 19%, 24%, and 34%. The greater than 20% declines in the S&P 500 and Nasdaq firmly placed both indexes in a bear market.To not beat around the bush, bear markets can be scary. The velocity and unpredictability of downside moves can truly test the resolve of investors. But if history has a say, bear markets are also the perfect time to put your money to work. That's because every major stock market decline through

Massive slowdown in the Gaming business is affecting Nvidia’s revenue prospects.Revenue guidance for FQ3 was a real shocker as the outlook underperformed estimates by $1.0B.Nvidia’s FY 2023 revenue estimates are set for a major downward revision.Nvidia (NASDAQ:NVDA) finally released highly anticipated earnings for its second fiscal quarter of FY 2023. Part of the earnings report card was the outlook for Nvidia's third fiscal quarter, which was significantly worse than expected. Nvidia is seeing a massiveslowdown in its Gaming business due to weakening demand and pricing for graphics processing units which have supported the chip maker's results last year. Because of the size of the expected revenue drop-off in FQ3'23, Nvidia's shares are likely set to correct further to the downside!Nvidia

SummaryRates are rising to new cycle highs.The dollar is rising to new cycle lows.Which means the QQQ ETF may soon be sinking to a new low.The economic data of the last couple of trading sessions has confirmed no recession here in the US. Has growth slowed? Sure, but slowing growth is not the same as a recession. Yes, we have had two quarters of negative GDP, but that's primarily due to the higher prices and the adverse effects on the calculations.Today's ISM service data was solid and suggested the US economy is growing at a healthy2.5% annualized rate. This growth seems very strong, especially given the high prices in the economy and the aggressive tightening of financial conditions.The strong data is sending yields and the dollar sharply higher. The dollar index is now at its highest po

Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down.The Nasdaq Composite Index—home to the big tech stocks that propelled the market’s decadelong rally—has fallen 21% in 2022.Yet many of those stocks remain the most popular among individual investors who say they are confident in a rebound and expect the companies to continue powering the economy.In late July, purchases by individual investors of a basket of popular tech stocks hit the highest level since at least 2014, according to data from Vanda Research. The basket includes the FAANG stocks—Facebook parent Meta Platforms Inc., Amazon, Apple Inc., Netflix Inc, Alphabet Inc.. Tesla Inc., Microsoft Corp..

Brace yourself. This week, the world’s largest tech companies all report their September-quarter financial results. And I mean all of them—Alphabet, Microsoft, Meta Platforms, Apple, Amazon.com, and Intel, with special guest appearances from SAP, Shopify, Spotify, Seagate, ServiceNow, and Corning. Every one of these companies reports results in a three-day span, from Tuesday to Thursday. At least 25% of the S&P 500’s market value will be reporting during the stretch. It will be the last full read on the sector’s fundamental performance before the end of the year, and the wave of reports could determine the next swing in stock prices. The tech sector continues to face fierce headwinds from the strong dollar, softening consumer spending, rising interest rates, stubbornly high inflation,

oRisk in ChinaThe implied argument here is that the BABA thesis does not depend much on its business fundamentals. Instead, the Chinese government is a central part (or even all) of the thesis.As just mentioned, it is a 100% valid argument to me, and I am not here to dismiss it or prove it wrong. I am here to provide my perspective for a full view. And I invite BABA investors or potential BABA investors to consider the following aspects.First, I feel the argument is border-lining a political or ideological discussion. Not say political or ideological considerations are not important in investment decisions – to the contrary, they are very important. However, they are difficult to quantify. To me, investing is pretty much all about PRICING risks. It is hard to put a price tag on risks that

Shares of electric-vehicle maker Nio surged 18% in Hong Kong on Tuesday morning, following positive analyst coverage, even as domestic stocks opened on a mixed note.The benchmark Hang Seng was up 0.03% in morning trade. Shares of Alibaba rose over 1.7%, while Meituan, Li Auto and JD.com shares lost over 1%.Nio-Positive: Deutsche Bank analyst Edison Yu has named Nio his top pick among Chinese EV makers, while BofA Securities reiterated its 'buy' rating and raised its price target, based on healthy momentum for its offerings.Macro News: Investors and traders are keenly eyeing the U.S. inflation data set to be released later today.Company News: A barrage of pre-orders for the new iPhone 14 series smartphones in China has crashed Apple Inc’s online services and has pushed shipments out five to