One analyst covering the solar-inverter maker $Enphase Energy(ENPH)$ believes it is time for investors to grasp at a “falling knife.” It sounds like a bad idea, but it might not be as dangerous as it sounds.Monday, Raymond James analyst Pavel Molchanov upgraded shares of $Enphase Energy(ENPH)$ to Buy from Hold. He says the price could rise to $225 a share, while he didn’t have a price target when he rated the stock at Hold.The bullish call lifted Enphase stock by about 1.4% to $186.19 in premarket trading on Monday. Futures on the S&P 500SPX +0.89% and Nasdaq CompositeCOMP +0.39% were both down about 0.1%.“We are turning positive on Enphase for the first time since 2013, i.e., ancient history by
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Enphase Stock Gains as Analyst Tries to ‘Catch a Falling Knife’ in Solar Power
Enphase Stock Gains as Analyst Tries to ‘Catch a Falling Knife’ in Solar Power
$Daqo New(DQ)$ Many Chinese stocks have done 2-4X from bottom lows. Probably because of the FUD created by recent poly prices correction. Some of these analysts crooks are talking as if DQ will make losses for years to come but the fact is that DQ is the lowest cost + highest quality producer and will be the last to lose money should things get substantially worse. It will resume upwards journey once poly prices stabilize. This one is lagging but will catch up any time soon.
The Best Singapore Blue-Chip Stocks
Oftentimes, investors tend to look at the past when searching for investment opportunities. Solid track records can provide assurance that a business has done well over time. However, it’s also important to cast an eye to the future to see if the company can continue to grow its business. The same practice applies toblue-chip companiesas well. While many proved resilient in the last two years despite the challenges faced, investors need to tease out those that can continue to do well moving forward. Those that can benefit from newtrendsor latch on to the nascent global recovery are poised to do well. Let’s review some of the best blue-chip candidates. $KEPPEL DC REIT(AJBU.SI)$ The pandemic caused numerous businesses and people to head online, resu
The Best Singapore Blue-Chip Stocks
3 Stocks Traded by the Most Active U.S. Politician on Wall Street
Rohit Khanna, the House Representative from California’s 17th Congressional District, was the most active politician trading in the U.S. stock markets in the past 30 days. The Democrat traded in 147 companies, which included 19 mega U.S. stocks. A close track of his transactions in the past month reveals that the Congressman traded actively in these three mega-cap companies: $Alphabet(GOOGL)$, $Microsoft(MSFT)$, and $Meta Platforms, Inc.(META)$.For prospective investors, it is worth mentioning that shares of GOOGL increased 11.6% in the last 30 days. While MSFT stock rose 15.1% in the past month, META stock advanced 7.3% in the same period.In addition to these techn
3 Stocks Traded by the Most Active U.S. Politician on Wall Street
SIA’s upcoming quarterly update could be ‘positive surprise’
UOB Kay Hian analyst Roy Chen is maintaining his “hold” call for $SINGAPORE AIRLINES LTD(C6L.SI)$, with passenger volume recovering and strong airfares returning.Chen has also kept his target price unchanged at $4.88.“Our target price is pegged to [an] FY2023 P/B of 1.12x, which is 2.0 standard deviation above SIA’s historical average of 0.96x during the pre-pandemic years. SIA’s current price of $5.23 implies an FY2023 P/B of 1.20x,” he says.In his report dated July 14, Chen says SIA, which is scheduled to announce its 1QFY2023 ended June 2022 business update on July 28 after trading hours, is likely to have turned a profit in this past quarter.“We deem the street’s current FY2023 full-year net profit forecast of $316 million, comp
SIA’s upcoming quarterly update could be ‘positive surprise’
Sembmarine Opportunities: Large Order, Renewables Sector, Merge
UOB Kay Hian (UOBKH) research team views mainboard-listed $SEMBCORP MARINE LTD(S51.SI)$ as a "turnaround story" with its recent large order win, indicating possible positives when it comes to new order wins, especially when it comes to the renewables sector. The research team continues to project a slight loss for Sembmarine in 2022, versus Bloomberg consensus estimates, which are projecting much larger losses. That being said, some of these loss forecasts have been scaled back the past 2 months, UOBKH noted. "Should the company win more orders, the earnings turnaround story for 2023 could become more compelling over the next 6 months," UOBKH added. It believes that much of Sembmarine's corporate-level risk has dissipated due to the completion of t
Sembmarine Opportunities: Large Order, Renewables Sector, Merge
Does Singapore Airlines Have A Healthy Balance Sheet?
$SINGAPORE AIRLINES LTD(C6L.SI)$ Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Singapore Airlines Limited does use debt in its business. But should shareholders be worried about its use of debt? When Is Debt A Problem? Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more common (but still pa
Does Singapore Airlines Have A Healthy Balance Sheet?
$Intuitive Machines(LUNR)$ "Despite the high redemptions, Intuitive Machines isn’t exactly without cash. In advance of the merger with SPAC Inflection Point Acquisition Corp., Intuitive Machines shareholders agreed to roll all of their existing equity holdings into the combined company at a value of $700 million. The transaction also came with $55 million of capital from an affiliate of Inflection Point and $26 million in PIPE, or private capital in public equity." They are projecting to more than double their revenue stream for 2024 to$759M
Didi's ride from the NYSE to OTC: 5 things to know
Didi Global's 11-month ride on the New York Stock Exchange came to an end last Friday as the company withdrew its listing in hopes of persuading Beijing to allow the ride-hailing operator to resume signing up new customers.Didi has been in the doghouse with Beijing since it went forward with its $4.4 billion initial public offering a year ago on the eve of the Chinese Communist Party's centenary celebrations -- despite officials' concern that the listing could give American regulators access to sensitive domestic data. The authorities responded to Didi's defiance by ejecting its apps from leading app stores and instituting the new client ban.Didi's shares, traded in the form of American depository receipts (ADRs), moved on Monday to the U.S. over-the-counter market, with its ticker changin
Didi's ride from the NYSE to OTC: 5 things to know
Is It Too Late to Buy Intel Stock?
KEY POINTS Intel’s stock recently hit a 52-week low. It looks cheap and pays a high dividend yield. However, Intel’s valuation will remain low until it proves its long-term turnaround plans can actually work. The chipmaker's long-shot plans aren't impressing investors$Intel(INTC)$ was once considered a reliable blue chip stalwart for long-term investors. As the world's largest producer of PC and data center CPUs, Intel had a strong brand, a captive market, and a wide moat.It remained resilient throughout previous economic downturns, and it generated plenty of cash to cover its share buybacks and dividends. But today, Intel's stock hovers near its 52-week low and trades at just 12 times forward earnings. That decline has boosted its forwarddividend yi
Is It Too Late to Buy Intel Stock?
XPeng to Report Second Quarter 2022 Financial Results on Tuesday, August 23, 2022
Earnings Call Scheduled for 8:00 a.m. ET onAugust 23, 2022-$XPeng Inc.(XPEV)$, a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its second quarter 2022 unaudited financial results on Tuesday, August 23, 2022, before the open of U.S. markets.The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 23, 2022 (8:00 PM Beijing/Hong Kong time on August 23, 2022).About XPengXPeng is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility e
Berkshire Hathaway’s Equity Portfolio Loses An Estimated $65 Billion So Far in This Quarter
$Berkshire Hathaway(BRK.B)$'s equity portfolio is suffering a $65 billion hit so far in the second quarter, led by losses in $Apple(AAPL)$,$Bank of America(BAC)$ and $American Express(AXP)$,Barron’s estimates.The paper losses so far this quarter are manageable for Warren Buffett’s big conglomerate, given its formidable balance sheet with more than $100 billion of cash and equivalents at the end of March, and projected net income of early $30 billion this year.The equity portfolio of Berkshire Hathaway (ticker BRK.A, BRK.B) totaled $390 billion at the end of the first quarter—and around $400 billion including a stake in
Berkshire Hathaway’s Equity Portfolio Loses An Estimated $65 Billion So Far in This Quarter
$Carvana Co.(CVNA)$ all the positive news are coming and will come all over this year It's foolish to think it won't go up to $180 at least this year. still 50% down from ATH and company hasn't changed only expanded since. you got all the possible bad news and more in last year there is nothing you can say because you already said. the good news are flowing in this year make it the best stock of 2023
$Pinduoduo Inc.(PDD)$ 4Q22 Preview: Expect Moderate Margin Beat"We expect PDD to deliver relatively moderate beat in the upcoming earning, in contrast of strong beats in the last two quarters. The company’s momentum in fundamentals remains robust." - Shawn Yang (Blue Lotus Research Institute)Key Points:* We expect PDD’s total revenue in C4Q22 to be in line with cons., and non-GAAP net income to beat cons. by 9%.* Faster-Than-Peers user growth, increase in brand product contribution and newly launched marketing program support PDD’s strong GMV trend and high take rate in the near term.* Temu is moving to increase order volume and ASP to improve scale and save logistics cost.
Is NIO Stock a Buy Now?
KEY POINTS NIO’s stock has plunged nearly 80% from its all-time high. Macro headwinds have throttled its deliveries this year. Its stock looks cheap, but its valuations could remain depressed as long as dark storm clouds hang over Chinese stocks. The Chinese EV maker looks cheap relative to its industry peers.The Chinese electric vehicle maker NIO has taken investors on a wild ride since its IPO in Sept. 2018. It went public at $6.26 per share and surged to an all-time high of $62.84 last February, but subsequently stumbled back to about $14. Like many other EV makers, NIO initially attracted a stampede of bulls during the stimulus-induced rally in growth stocks, but quickly lost its luster amid rising interest rates and other macro headwinds.Yet NIO is already producing tens of thousands
Is NIO Stock a Buy Now?
$Walt Disney(DIS)$ Weekly Wyckoff chart. Looks like this may be trying to put in a spring here putting it in Phase C of it's accumulation phase. Still not 100% on my fib retracement and not completely convinced this is the durable bottom. Fibs based on Oct '11 low. This registered the lowest momentum numbers since the 70's last Summer during the peak of the downturn. It's been showing bullish divergence on HTF ever since. Redistribution is still very much a possibility here. This spring may also be an ST in B. However, the two hammers the weeks of Dec 19 & Dec 27 indicate buyers are stepping in. When you see large, red volume spikes you should see long red candles. Long legged hammers indicate larger interests are stepping in and we may see a c
$RLX Technology(RLX)$ gets a very poor rank from InvestorsObserver. The comprehensive analysis of fundamental and technical factors gives RLX a rank of 21. The methodology considers analysis of the company's financial situation and how it has traded recently. RLX rank of 21 means that it ranks below 79% of stocks.
$TOP GLOVE CORPORATION BHD(BVA.SI)$ booked a lower profit attributable to owners of the parent of 15.3 million ringgit ($3.5 million), or 0.0019 ringgit per share, in the fiscal third quarter, compared with 2.04 billion ringgit, or 0.2542 ringgit per share, a year ago.Revenue for the three months ended May 31 dropped 65% year over year to 1.47 billion ringgit from 4.16 billion ringgit a year ago, as the COVID-19 pandemic transitions into an endemic, resulting in lower demand for products.An increase in production cost amid global inflation and the Russia-Ukraine conflict that has driven the crude oil prices up were also cited as the reasons for lower revenue.The dual-listed glovemaker did not propose any dividend for the reporting period.
Disney: Unmatched entertainment in every medium
Disney has demonstrated a sustained recovery from the earlier stages of the pandemic, when its streaming services were the silver lining in a dark cloud of theme park closures and social distancing moves that sapped many of its other revenue streams. Now, it'swell-positioned as a leaderin all areas of entertainment, from its parks and products to its films, television networks, and streaming services.n Disney's fiscal third quarter, which ended July 2, revenue increased 26% year over year and surpassed the top line from Q3 2019. That growth was fueled by park reopenings, people returning to theaters, and an increase in streaming subscriptions that temporarily allowed it to displace $Netflix(NFLX)$ as the global streaming leader.I
OCBC appoints new Group Data Head as it intensifies digital transformation efforts
OCBC Bank has appointed Donald MacDonald as its first Head of Group Data Office with effect from 1 June 2022, a newly created role to drive the Bank’s data strategy and establish OCBC as a leading data-driven organisation in the region.MacDonald, who has been appointed the acting Head of Group Data Office since June 2021, will be reporting directly to the Group Chief Operating Officer (COO), Lim Khiang Tong.With close to 30 years of experience in the data and analytics field in various global and tech companies including PwC Consulting and IBM, MacDonald is recognised as one of the most experienced analytics practitioners in the world.He joined OCBC Bank in 2004 as the lead of a customer analytics team in the Consumer Financial Services division, before rising up the ranks over the years,
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