To The Moon

I am sharing a “hidden” gem that is neither a bank, semiconductor, energy or technology, none of the “hot & sizzling” sectors of the moment. The $CME Group Inc(CME)$ has just reported its Q3 2024 earnings. And it is not bad at all. (see below) Key Q3 2024 Earnings. Trailing 12-month (TTM) period Revenue: US$1.58 billion (up +19% YoY from 3Q 2023) and in line with analyst estimates. (see above) Earnings per share (EPS): US$2.54 (up +23.3% YoY from US$2.06, 3Q 2023) but missed analyst estimates by 1.0%. Profit margin: 58% (up from 56% in 3Q 2023). Increase in margin was driven by higher revenue. Net income: US$901.3 million (up +21.67% from $740.8 million, 3Q 2023). Past Earnings. Looking at its past 5 years performances, earnings have grown at +

I am sharing a “hidden” gem that is neither a bank, semiconductor, energy or technology, none of the “hot & sizzling” sectors of the moment. The $CME Group Inc(CME)$ has just reported its Q3 2024 earnings. And it is not bad at all. (see below) Key Q3 2024 Earnings. Trailing 12-month (TTM) period Revenue: US$1.58 billion (up +19% YoY from 3Q 2023) and in line with analyst estimates. (see above) Earnings per share (EPS): US$2.54 (up +23.3% YoY from US$2.06, 3Q 2023) but missed analyst estimates by 1.0%. Profit margin: 58% (up from 56% in 3Q 2023). Increase in margin was driven by higher revenue. Net income: US$901.3 million (up +21.67% from $740.8 million, 3Q 2023). Past Earnings. Looking at its past 5 years performances, earnings have grown at +

Shouldn’t Wall Street be celebrating after $SoFi Technologies Inc.(SOFI)$ reported a better-than-expected set of earnings on Tue, 29 Oct 2024 ? Unfortunately, it did not. By the time 4pm came around, the stock price lost about -7%. (see above) Q3 2024 Earnings. According to FactSet: Earnings per share (EPS) : $0.05 per share vs $0.04 expected vs -$0.29 (Q3 2023), a +117.24% YoY gain. Adjusted net revenue: $689 million vs analysts’ expectations of $632 million vs $530 million (Q3 2023), a +30% YoY gain. Total deposits : Grew to $24.4 billion (Q3 2024) vs $15.67 billion (Q3 2023). New customers: Added > 756,000 new customers and now has nearly 9.4 million customers, a +3.4% YoY growth. (see below) SoFi’s CEO Remarks CEO, Anthony Noto has remarked

Shouldn’t Wall Street be celebrating after $SoFi Technologies Inc.(SOFI)$ reported a better-than-expected set of earnings on Tue, 29 Oct 2024 ? Unfortunately, it did not. By the time 4pm came around, the stock price lost about -7%. (see above) Q3 2024 Earnings. According to FactSet: Earnings per share (EPS) : $0.05 per share vs $0.04 expected vs -$0.29 (Q3 2023), a +117.24% YoY gain. Adjusted net revenue: $689 million vs analysts’ expectations of $632 million vs $530 million (Q3 2023), a +30% YoY gain. Total deposits : Grew to $24.4 billion (Q3 2024) vs $15.67 billion (Q3 2023). New customers: Added > 756,000 new customers and now has nearly 9.4 million customers, a +3.4% YoY growth. (see below) SoFi’s CEO Remarks CEO, Anthony Noto has remarked

The Coffee Company. $Starbucks(SBUX)$ will officially be releasing its quarterly earnings on Wed, 30 Oct 2024, after market close. On Tue, 22 Oct 2024, for the first time in history, it posted its preliminary quarterly results that showed sales fell again as the coffee chain tries to execute a turnaround. Slumping Sales Analysis. For the 3rd consecutive quarter, Starbucks’ same-store sales fell. This quarter’s -7% decline in same-store sales was the company’s steepest drop since the Covid-19 pandemic. **Same-store sales is a metric used by retail companies that measures the growth in revenue from store locations that have been in operation for at least one year. The company attributed its soft sales on weaker demand in North America. In its home m

High Pressure Build Up Over US Market. The week beginning 27 Oct 2024 will be a highly ‘“stressful” week and a test, for both US market and investors. It is because both economic reports and quarterly earnings of US blue chips stocks will converge. Will it be a case of (a) each influencing factor reinforces each other’s outcome and propel US market higher OR (b) each factor canceling out each other, leading US market to falter ? The story will unfold over the course of the week. Economic Reports. Below are the more pertinent reports for the week: Consumer confidence report - Tue, 29 Oct 2024. Jobs opening & Labour turnover surveys (JOLTs) - Tue, 29 Oct 2024. ADP non-farm payroll - Wed, 30 Oct 2024. US Gross domestic product (GDP) preliminary for Q3 2024 - Wed, 30 Oct 2024. Personal con

The Special Bank. $Bank of America(BAC)$ holds a “special” place in my heart. It was one of the first few US stocks I bought, when I decided to “abandon” the HK market. It happened also after reading a post that Mr Buffett has bought into it at $24 a piece, back in late September 2020. Besides a healthy dose of dividend every quarter, the stock price at one time skyrocketed by > 100% and then consolidated. Of late, it has gradually climbed back to almost +76% of my buy-in price. While I am still holding out for a ‘possible’ +100% gain (harking back to January 2022), it did cross my mind on whether it is wishful thinking. It didn’t help to notice too that Mr Buffett has started to offload this bank’s stock since July 2024. Berkshire Hathaway’s ac

The Special Bank. $Bank of America(BAC)$ holds a “special” place in my heart. It was one of the first few US stocks I bought, when I decided to “abandon” the HK market. It happened also after reading a post that Mr Buffett has bought into it at $24 a piece, back in late September 2020. Besides a healthy dose of dividend every quarter, the stock price at one time skyrocketed by > 100% and then consolidated. Of late, it has gradually climbed back to almost +76% of my buy-in price. While I am still holding out for a ‘possible’ +100% gain (harking back to January 2022), it did cross my mind on whether it is wishful thinking. It didn’t help to notice too that Mr Buffett has started to offload this bank’s stock since July 2024. Berkshire Hathaway’s ac