To The Moon

In a few weeks’ time, $Meta Platforms, Inc.(META)$ is set to be hit with its first EU antitrust fine for tying classified advertisements service Marketplace with its Facebook social network, according to people with direct knowledge of the matter. The move by the European Commission will come more than a year and a half after it accused the US tech giant of giving its classified ads service Facebook Marketplace an unfair advantage by bundling the two services together. The EU competition watchdog also said Meta abused its dominance by unilaterally imposing unfair trading conditions on competing online classified ads services that advertise on Facebook or Instagram. Penalty & Fines. Meta could face a fine of as much as $13.4 billion or 10% of

Bloodbath Wednesday. 24 July 2024 will go down US stock market history as one of the bloodiest trading day. Most tech stocks took it on the chin as investors faced a reality check on their artificial intelligence (AI) bets after tech earnings. By the time the 4:00pm clock chimed: (see above) DJIA: -1.25% (-504.22 TO 39,853.87). Its fall has undercut the 40,000 level and 21-day moving average. S&P 500: -2.31% (-128.61 TO 5,427.13). It has sunk -2.0% to just below its 50-day average, a first time in 354 trading sessions. Nasdaq: -3.64% (-654.94 to 17,342.41). It’s worst day since October 2022. Nasdaq’s “Accolades”: Nasdaq, which has seen 27 record highs in 2024 so far, is still more than 500 points away from entering its own correction territory. Although, Wednesday might be its bigge

$Tesla Motors(TSLA)$ It Is Confirmed ! Tesla finally showed its cards on Tue, 23 Jul 2024 after the bell chimed at 4:00pm US time. As per my post dated 23 Jul 2024, the car maker was a disappointment. It looks set to tumble “big” on Wed, 24 Jul 2024 as reality of a 2nd consecutive quarter “loss” sets in. Based on market’s futures - Tesla looks set to open -7.76% lower @ $227.25, -$19.13 lower than tuesday closing. Q2 Earnings (Actuals) Very quickly. - Earnings per share: $0.52 cents (adjusted) vs $0.62 cents expected, per LSEG consensus estimates. - Revenue: $25.50 billion vs. $24.77 billion expected by LSEG. Total revenue has increased by a negligible +2% YoY (from Q2 2023’s $24.93 billion). Its au

What’s The Situation? Is a bounce in the making for the Nasdaq Composite for week beginning 22 Jul 2024, following: The worst one-day percentage drop since mid-December 2022 on Wed, 17 Jul 2024. An almost equally bad fall the next day, 18 Jul 2024. Yet another disappointing trip to round off the week, 19 Jul 2024. Quite certain this is a major rotation out of its biggest companies; after getting amped by concerns that US would hit tech companies with more China restrictions. The above were courtesy of Mr B, Mr T & the newly minted Mr V. Given earnings season has just begun, just as summer vacations starting to beckon, the market may struggle to lure fresh money to push it higher. Rubner’s Warnings. $Goldman Sachs(GS)$’ tactical strategist Sco

What’s The Situation? Is a bounce in the making for the Nasdaq Composite for week beginning 22 Jul 2024, following: The worst one-day percentage drop since mid-December 2022 on Wed, 17 Jul 2024. An almost equally bad fall the next day, 18 Jul 2024. Yet another disappointing trip to round off the week, 19 Jul 2024. Quite certain this is a major rotation out of its biggest companies; after getting amped by concerns that US would hit tech companies with more China restrictions. The above were courtesy of Mr B, Mr T & the newly minted Mr V. Given earnings season has just begun, just as summer vacations starting to beckon, the market may struggle to lure fresh money to push it higher. Rubner’s Warnings. $Goldman Sachs(GS)$’ tactical strategist Sco

So far, $Palantir Technologies Inc.(PLTR)$ shares have added more than $27 billion in market value this year. On Tue, 16 Jul 2024, it moved lower following a downgrade from a Wall Street analyst. This comes about as Palantir inches closer to its Q2 2024 earnings reporting in 3 weeks’ time on 05 Aug 2024. Co-founded by billionaire investor Peter Thiel in 2003, investors have continued to bet that the data-analysis software provider's foothold in artificial-intelligence (AI) technologies would drive faster earnings growth. Key to Palantir’s outlook is the group's AIP Logic platform, that enables companies to build specific functions that leverage its large language models (LLMs) without having to use complex computer coding. Palantir