To The Moon

Autonomous vehicles (AV) have been hitting the news in recent times following major updates. Gartner Technology defines an autonomous vehicle as thefollowing: Anautonomous vehicleis one that can drive itself from a starting point to a predetermined destination in “autopilot” mode using various in-vehicle technologies and sensors, including adaptive cruise control, active steering (steer by wire), anti-lock braking systems (brake by wire), GPS navigation technology, lasers and radar. Most of us will automatically tie AV to changes in how we commute. The disruptions will go beyond mobility (moving from one point to another). This is not just about driving or being driven. Before we explore the impact, let us look at the state of its implementation in the major cities around the world. Without a doubt, one of the biggest benefits from AV will be the safer roads, improved traffic conditions and hopefully, more time for personal and professional pursuits. In essence, AV will u

From the latest China Caixin Manufacturing Purchasing Managers Index (PMI).  Taken from investing  Though the actual figure of 49.4 came out to be better than the forecast of 48.9, it falls below 50 that implies contraction of the manufacturing economy.  Production looks to tick downwards though at a lesser magnitude. This does give an insight for global demand.  Let us monitor as China battle Covid19. Hopefully, the market will get better.  $FTSE China H50 Index - Dec 2022(FCH2212)$  

Snowflake has released its earnings.  Source from Twitter user EconomyApp From Twitter user App Economy Insights Snowflake Q3 FY23: Beat but soft raise. Key metrics: • Customers +34% Y/Y to 7,292. • NRR 165% (-7pp Y/Y). • RPO +66% Y/Y to $3.0B. • Revenue +67% Y/Y to $557M ($18M beat). • Non-GAAP EPS $0.11 ($0.06 beat). • OCF margin 14% (+9pp Y/Y). • FY23 Guidance +$12M. My muse I need the business to turn black before shortlisting. Potential alone could not be the sole reason for investing ~ every business has potential. With the downturn & layoffs, software companies should expect a reduction in their revenue & net income (especially those with user subscription models). Watch out for businesses with high debt. With the coming interest rate hikes, some are unlikely to survive. @TigerStars   $Snowflake(SNOW)$  

AMC is planning to lay off about 20% of its U.S. employees, a sign of further disruption at a company that earlier Tuesday announced its chief executive had stepped down less than three months after taking the reins. $AMC Entertainment(AMC)$  

This is not a post about investing but rather my muse on Social Media. With excessive sensory simulations, sugar & information, we live from one high to another. Let us make time to enjoy art, music, nature, travel, food, reading & people. Let us slow down our pace of life because time & space are luxuries too. Let's not end up becoming digital junkies as there's more to this life. There is much more to this life than swiping and tapping on our digital devices. Maybe it is time for us to redefine luxury. Maybe it is time for us to review the simulation, info and sugar we take. What is adequate & needful for us to survive, live and thrive? For a start, let us look into Social Media. Social Media Forbes Feb 2022 article about social media content overload Here is another extract from the same article: It almost goes without saying that the world would not be any better without social media. We’ve experienced a constant increase in social media channels since th

Looks like Elon may have started a "war" with $Apple(AAPL)$ from his latest tweet. We have $44 billion business taking on a $2,239 billion empire.  Does it not feel like David versus Goliath?

Market Outlook 28Nov22 (S&P500) 1D chart of S&P500 as of 26Nov22 From the 1D chart above, here are my observations: The stochastics indicator is trending upwards, forming a double-top pattern. This implies a decline in the coming days. The MACD indicator is trending upwards with a possibility of peaking in the coming days. Volume is dropping over the week ~ a strength that the current (uptrend) is weakening and thus, we should see a reversal soon. Moving Averages (MA). MA50 looks to be going sideways and thus, a reversal maybe take place in the mid-term. MA200 is pointing downwards and thus the downtrend is expected for the long term. The candles are above MA50 and lower than MA200. Thus, there is an uptrend in the midterm. Exponential Moving Averages (EMA). The EMA lines are still on an uptrend and are not converging as yet. This implies it is still on an uptrend. From the technical indicators above, we are still expecting an uptrend with a reversal happening soon.

News and my muse <Oilprice> Policy, profits and the lack of investments may send US refining capacity into further decline. <WSJ> HP would slash up to nearly 10% of its workforce with a sharp slump in demand for personal computers expected to stretch into next year. When I am bullish on a stock, my bias doubles when I am invested. Thus, it becomes even more needful for me to hear all considerations, including that of bears. Objectivity is needed for investing. Most developments & innovations are engineered toward omnipotence, omniscience and omnipresence. This reflects our cravings for power, knowledge and presence. What does due diligence mean following the recent crypto debacle? This has involved sovereign funds, investing institutions & retail investors. What are the lessons and more importantly, what are the preventive & corrective actions we are applying? The more models and variants we have, the more spares and logistics costs will be incurred unless thes

Earnings for the week starting 28Nov22 Earnings for the week starting 28Nov22 This week’s earnings have a few notable companies. HP has just announced a layoff for 10% of its workforce. Does this imply that the coming earnings will be lower than expectations?There are a few other tech companies that include Crowdstrikle, Salesforce and Snowflake. Will they be able to come forth stronger following the earnings?The other company that I monitor is Kroger which has commanded both the interest & investment of notable investors like Berkshire. Kroger Kroger has recovered from the recent decline in October 2022. The stock has hit a 52-week high of 62.78 and has left the 52-week low of 40.18. This stock has gained 13.68% from a year ago and looks to be on a rise from the chart above. Kroger has a forecast of 0.8136 and 34.05B for its EPS and revenue respectively. Will Kroger be able to continue its rise?

Economic Calendar Economic Calendar starting 28Nov22 Some updates to look out for: China’s PMI. This will be an indicator of global production in response to demand. CB Consumer Confidence. If this falls below the forecast, this would represent how the consumers have incorporated recession expectations into their spending. Pending Home Sales (MoM, Oct). This is a barometer of the housing market that has been affected by mortgage rate increases. Though there was some relief as mortgage retreated from its recent high of over 7%, the current rates remain heightened. ADP Nonfarm Employment Change (Nov), JOLTs Job Openings (Oct), Initial Jobless Claims, Unemployment Rate (Nov) & Nonfarm payrolls (Nov). These are important data points that the Fed will need to incorporate before deciding on the next interest rate hike. While some have anticipated a Fed pivot, it is still possible that the Fed maintain a 75 basis points rate hike. Crude Oil inventories. This is a forward indicator of pro