To The Moon

It’s A “Mistake” ! I made the “mistake” of buying the dip on Thu, 18 Apr 2024 to add to my existing holdings on Basic materials stock - $Vale SA(VALE)$. According to $Morgan Stanley(MS)$, Chief Investment Officer, Mike Wilson, currently the 3 “stable” sectors will be: Energy ( $Energy Select Sector SPDR Fund(XLE)$ ). Materials ( $Materials Select Sector SPDR Fund(XLB)$ ). Industrials ( $Industrial Select Sector SPDR Fund(XLI)$ ). As part of my diversification strategy in investment, I try my best to put my eggs in different baskets. I made the decision to “buy the dip” because I di

. LVMH Sales Slows. Sales growth for $LVMH-Moet Hennessy Louis Vuitton(LVMUY)$ (owner of Louis Vuitton, Tiffany, etc.) slowed to 3% in Q1 2024, on an organic basis to 20.69 billion Euros (US$22 billion), matching analyst expectations. This came in lower than last year, 2023 when sales boomed due to China’s reopening after a super stringent Covid lockdown. Rising prices and a global slowdown are causing some luxury shoppers to hold back on expensive purchases. LVMH, Europe's 2nd-largest listed company (with nearly 400 billion Euros net worth) is the first luxury brand to report earnings, setting the overall tone for the luxury industry. LVMH Q1 2024 Earnings. Sales in Asia (excluding Japan) were down -6%, while Europe and US saw a slight increa

US Market Summary The stock market is not holding up well. All 3 major indexes have broken below their 50-day moving averages. (see below) US 3 Composite Indexes - Past One Month performance On Wed (17 Apr) when market closed: DJIA: -0.12% (-45.66 to 37,753.31). At its worst level since late January 2024. S&P 500: -0.58% (-29.20 to 5,022.21). At its worst level in 2 months. Nasdaq: -1.15% (-181.88 to 15,683.37). Fell below the 16k level, its worst in 2 months. What Happened to Semiconductors? Chip stocks were big losers Wed, 17 Apr 2024. $ASML Holding NV(ASML)$ has become the poster scapegoat as a result of its disappointing earnings and guidance. ASML Q1 2024. Company missed its sales forecast, although it insists its on-target for its FY2

S&P 500 Index. The $S&P 500(.SPX)$ index comprises of the 500 biggest companies in the US. It is considered to be a reference point for overall health of US market, showing how the world's largest businesses are performing. For a company, getting inducted into the S&P 500 is a big milestone because it represents major validation for a company and its business. Eligibility requirements for inclusion into the index are no small feat. $Palantir Technologies Inc.(PLTR)$, a subject matter expert in Artificial Intelligence (AI) has been eligible for S&P 500 inclusion for quite some time. For reasons unknown, it has not been shortlisted yet. The next S&P 500 rebalancing will take place in J

The Big Mystery. The mystery concerning this FAANG & Magnificent 7 groupie Tech giant is (a) will it continue to languish in 2024 or (b) will it be able to turn things around, just like it had in the past. Investors’ main grouse about Apple Inc is its perceived lack of development in the AI-sphere. Practically, its peers eg. $NVIDIA Corp(NVDA)$ , $Amazon.com(AMZN)$ , $Alphabet(GOOG)$ etc…have jumped onto the AI-bandwagon and are humming the same tune. The synergy serves to reinforce each other, pulling all their stock prices up the ladder in the process. Even “ambitious” $Meta Platforms, Inc.(META)$ that harboured am

Even before my Sunday post on Tesla has fallen off the chart (click here ! to read), more bad news have emerged from the electric car maker. (see below) The Great Layoff. Based off an internal memo, Tesla is laying off > 10% of its workforce. As it grapples with falling sales and an intensifying price war for EVs. A war (price) that was kickstarted by Tesla (lest we forget). Still finding time to take to Twitter, the CEO said “about every 5 years, we need to reorganize and streamline the company for the next phase of growth“. The last job cut was back in 2022 after the CEO had a bad premonition - a "super bad feeling" about the US economy.

$Faraday Future Intelligent Electric Inc.(FFIE)$  When US market closed on Fri, 12 Apr 2024 - this is how Faraday Future stood from financial standpoint: Shares price - $0.08. 1-year low: $0.08. 1-year high: $117.36. Debt-to-equity ratio: 0.39. 50-day moving average price: $0.17. 200 day moving average price: $1.22. Market capitalization: $3.39 million. PE ratio: 0.00 Beta: 1.45. On Mon, 15 Apr 2024, Faraday Future is supposed to be reporting its Quarterly earnings. Is it true ? I dunno for sure. On the eve of a possible announcement, we could review its earnings so far. (see below) Since day 1, Faraday Future has never made a profit. Its losses increased in the first 3 years of operations. While it is usuall

Communications in the most abstract form. I admit. I have a difficult time writing this post. This is because it’s about looking at available inflation data quickly and making an “educated” high-level guess whether companies overall, will be reporting profits during quarterly earnings season. Below is my maiden attempt. Stay the course, with me? Hee hee. Inflation Definition. By definition: CPI - measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. PPI - measures the average change over time in the selling prices received by domestic producers for their output. Inflation Reports. US Consumer Price Index (CPI) report for March 2024, was released on Wed, 10 Apr 2024. Headline CPI: was 3.5% vs 3.4% expected vs 3.2% (F

$Tesla Motors(TSLA)$  Looking Back. On Fri, 05 Apr 2024 - Tesla CEO, Elon Musk tweeted to deny Reuters’ report that it (Tesla) is abandoning the plan to build the budget EV (Model 2). Hours later, (just before 5pm ET), he tweeted again to confirm that it will unveil its Robotaxis on 08 Aug 2024.  Tesla stock price - 8 April to 12 April By then, Tesla has ended the week falling -3.63% to $171.05 per share. (see above) Post tweet, its future price immediately rose by +1.65%.  The week of Apr 8 - 12, saw Tesla’s rollercoaster performance. It reached a high of $176.88 (on Tue, 09 Apr 2024), only to dip to the week’s low of $171.05 (on Fri, 12 Apr 2024). (see above) Now that the dusts of euphoria have settled,

$JPMorgan Chase(JPM)$  A very strange phenomena happened on Fri, 12 April 2024. US banking giant JP Morgan kick started Financial services sector companies’ Quarter earnings season. Q1 2024 Earnings. It posted profit & revenue that topped Wall Street estimates. Credit costs and trading revenue came in better than expected. Results, along with estimates from analysts surveyed by LSEG (Refinitiv): - Earnings: $4.44 per share, vs. $4.11 expected. Exceeding by +8.03%. - Revenue: $42.55 Billion, vs. $41.85 billion expected. YoY Comparison. Q1 2024 profit rose +6% to $13.42 billion or EPS of $4.44; boosted (of course) by its takeover of $First Republic Bank(FRC)$ &nb