$SINGAPORE AIRLINES LTD(C6L.SI)$Scheduled May 18 financial report should show an uptick in earnings - the question is by much & whether more (& how much more) would be expected for the airline, going forward. Under normal circumstances, there would be unbridled optimism for much higher earnings, especially if we're moving up from a bottom (with COVID apparently becoming just a bad memory). Nonetheless, high inflation rate, followed by the prospect of higher US interest rates, and higher petroleum costs, are things airlines would have to contend with, which might put a dampener on the extent & rate of an uptick movement. Still a win-win situation as any drop in stock price would present a good buying opportunity while invest
$Polestar Automotive(PSNY)$the only way for the stock price to go below the base price of 10 is either (a) panic selling or (b) shareholders having bought the stock at below 10 (& then selling it off for marginal profit) or both. In the case of (b), it has been reported that GGPI Sponsors & PIPE investors have purchased the shares before-merger at 9.09 apiece. Since the lowest price for PSNY stock reached about 8.60+, there's speculation that there could be shares floated out in the market that was bought at a lower price than 9.09 pre-merger. Let's not forget that about the 25% share redemption that occurred before merger, which could also be floated out there for below 10 apiece as well.Referencing the number of publicly floate
Options Trading During Times of Uncertainty - A Rookie's Perspective.
If you've read my previous post on "The Truth About Investing - What I've Learned Since Sep 2021", you will recall that my portfolio is currently worth 25-30% of what it was valued back in late 2021 when I first started serious investing in the stock market formally. Of course, every investor and trader will know that the dip in value of someone's portfolio currently may be attributed to rising interest rates (to tame inflation), which leads to concerns about the onset of economic recession. The peculiar thing about such a high interest rate environment is that typically good news such as a lower unemployment rate is taken negatively and the market trends downwards while typically bad news such as higher unemployment claims have the opposite effect. To season
$Polestar Automotive(PSNY)$for those of us who wonder why isn't the stock price moving & then staying up, one possible reason that was already stated is the (relatively small) trading volume, including who were the likely ones to be engaging in those trades (refer my previous post).So why is PSNY trading volume low, especially when compared to similar stocks like LCID, RIVN, NIO, etc.? This is because PSNY has not yet been covered by analysts, particularly since its official inception into NASDAQ on Jun 24. Normally, stocks would see an increase in trading volume after coverage by analysts - the higher the numbers & reputation of those analysts, the more likely we'll see a bump (& subsequent maintenance) in trading volume.If the a
$Amazon.com(AMZN)$ Bearish cos the Fed's move to slow the pace of interest rate increase going forward doesn't equate to stopping interest rate increase altogether. Inflation remains high even as it went down to the 7s - interest rates will continue to go up well into 2023 until the Fed achieves its target of 2% inflation. During this process, recessionary pressures will mount and in Biden's own words, the US might experience a "mild" recession. Whether this will materialize, and if it does, how "mild" it would be, no one can really tell. Should we adopt a cautious approach or be more more adventurous in buying the dip? I've been told that "fortune favors the brave" but I choose caution and a
$Tiger Brokers(TIGR)$when I anticipated that the market would go down cos of the Fed's minutes, nothing happened. When i didn't expect anything, Powell opened his mouth & things quickly went south. Screwed both ways by the Fed. Wth...[Spurting]
$ARK Innovation ETF(ARKK)$Cathie Wood appears to be like Cinderella - a princess in a bull market (before midnight) & a pauper in a bear market (after midnight) ๐
$Polestar Automotive(PSNY)$As I've shared before, PSNY share price will see an upward movement when the stock is covered by analysts from reputable institutions that also buy into the stock as well. The time, and evidence, for this has arrived.After analyst coverage for PSNY was started by Duestch Bank, another analyst coverage has been initiated, this time by Citibank (reported in media also on 3 Aug) - the former's target price was 10 while the latter's was 13. An immediate impact on stock price was seen, with PSNY closing at 9.27 (post-market) on 4 Aug and 9.36 (post-market) on 5 Aug, helped definitively by a new position started by Citigroup Inc. in PSNY that paralleled its stock coverage.As long as it continues to deliver (as it said it would
$Palantir Technologies Inc.(PLTR)$ Bearish as long as Alex Karp can't describe and explain the value of PLTR at a level that's clear and easily understood by the average person. Commentators have pointed out how convoluted Karp's words can get, which doesn't help sell the company as much as they should. This is especially crucial for growth companies that have yet to consistently demonstrate profitability. All these give PLTR's detractors ammo to bring the company down.
$ARK Innovation ETF(ARKK)$has Cathie Wood lost her midas touch? everyone's a winner in a bull market but a bear market is where scrap metal is separated from real steel. So what's Wood's true mettle? [Thinking]
Given the current macroeconomic environment, I'd tread with caution on going in hard & buying TSLA after the split, no matter how tempted I might be. Musk's antics on social media, as well as his real-life shenanigans (such as the Twitter saga & the alleged affair with his buddy's wife) also act as dampeners on bullishness about the stock. I'm not a TSLA bear but I'm not exactly feeling 100% bullish on TSLA either ๐คท
$Polestar Automotive(PSNY)$above 5 mil trading volume yesterday & the price stayed above US$10. Things could have gone the other way and the price might likely have trended southwards below US$10 in the face of the Jun CPI numbers, if not for Polestar's media release about their delivery numbers in the 1st half of 2022 and their confidence in getting the requisite delivery numbers in the 2nd half of 2022 to meet their 50000 total deliveries target. I firmly believe that if we were in a bull market, there'd have been a substantial pop in stock price beyond the current price but alas, the current bear market (with a potential recession in the horizon) has put a real dampener on any substantial upward price movement.Additionally, P
$Block(SQ)$will it be good news for it's earnings report on May 5 like it was for Tesla or bad news like it was for Netflix? Or would the ER not matter cos Powell's mouth will open again in May & the stock market will go to hell once more? [Thinking]
$Block(SQ)$ Bearish in view of potential recession that's largely expected to land in 2023. Block's stance/stake in crypto puts additional downward pressure on company performance, and subsequently, stock price, at least in the short-term - the crypto winter won't see the light of summer for quite a while, especially if/when a recession hits. Lowest price this year is about 51+. $PayPal(PYPL)$ Bullish as the OG payment platform, with somewhat more business stability - make no mistake, any recession will hit it as well but it's likely to take the hits better than Block. Lowest price this year is about 67+. The above represents the trajec
$Amazon.com(AMZN)$Bearish next 3-6 months will be crucial to have a clearer idea about where the US market is heading. Buy the dip now only if u can stomach the risk of prices dipping lower later. Just my opinion & not financial advice - please do your own DD before investing your own money. Good luck to us all ๐ฉ
$Apple(AAPL)$Bearish as long as macroeconomic conditions remain depressed, with the possibility of things getting potentially worse. Lowest that the stock has gone this year is about 129.04. If/When a recession hits the US or globally, I don't think anyone would bet against the price dipping below that. This is just my personal opinion and NOT professional financial advice - please always do your own DD before investing your money.
$Gores Guggenheim Inc(GGPI)$a sec filing has been submitted by ggpi on May 25, in which a special stockholders meeting on 22 Jun has been scheduled. Light at the end of the tunnel? ๐ค
$Gores Guggenheim Inc(GGPI)$votes are in - abt 60.1 million voted for merger while abt 1.7 million voted against & we had abt 133k who abstained. Merger is confirmed & ticker symbol change to PSNY scheduled to be on Jun 24. FINALLY ๐ฅณ
$PayPal(PYPL)$earnings report on May 27 might have ripple effects on other similar companies such as $Block(SQ)$, just like how Netflix caused other streaming services to bite the dust as well. For those invested, keep your fingers crossed for good news but brace yourselves for turbulence if it's bad news [Sweats]
$Amazon.com(AMZN)$ Bearish as these days it seems like good news is bad news, and bad news is worse news. For example, if unemployment goes up, it could mean a potential ceiling to Fed's interest rates hike...but at the same time, it could also mean a potential incoming recession. It's a case of "damned if I do, damned if I don't" - a can't win situation. With investors seemingly unable to catch a break from negative sentiments due to the spectre of higher interest rates going into 2023, plus a potential recession to boot, looming large in the horizon, I'm adopting a somewhat more cautious approach for now and buying the dip selectively. This is especially since my funds are tied up in the red within my current