To The Moon

P/E ratio for Palantir (PLTR) P/E ratio as of October 2024 (TTM): 719 According to Palantir's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 718.833. At the end of 2022 the company had a P/E ratio of -33.8. Is Palantir undervalued? $Palantir Technologies Inc.(PLTR)$

Has the company broken even? 

My Investing Muse (07Oct24) Layoffs & Closure news The Ministry of Manpower (MOM) has met with consumer electronics giant Dyson to work on an ‘amicable solution’, after the company gave a labour union just one-day’s notice of its retrenchment exercise. - Straits Times Dyson conducted a round of layoffs in Singapore on Tuesday (Oct 1) in a “surprise” move. This comes about three months after a global restructuring that involved about 1,000 job cuts in Britain. - ChannelnewsAsia Samsung axes thousands of jobs in global layoff round, including Singaporean ones. - Vulcan Post Amazon may eliminate approximately 14,000 manager positions by early 2025, potentially saving up to $3 billion per year, according to a recent Morgan Stanley analysis - Times of India Flexport cut about 2% of its U.S

News and my thoughts from last week (07Oct24) - debt, supply chain issues & supply chain How long more before households are crushed under a 28% credit card interest rate? - Forbes US national debt JUMPED $345 BILLION in 3 days and hit a WHOPPING $35.7 TRILLION, a new all-time high. Since 2020, federal debt SKYROCKETED by $12.5tn while the US GDP by $7.1tn. Debt is rising almost TWICE as fast as the economy. - X user Global Markets Investor Debt is one of the likely culprits to bring down the economy. Avoid leverage. Real estate debt bubble in the US in 2007 looks almost cute in this chart. - X user Michael A. Arouet A staggering 75% of inbound containers return to their origin empty, illustrating the complexities of U.S. trade dynamics - QZ More than 20,000 shipping containers h

Market Outlook of S&P500 - 07Oct24 Observations: The MACD indicator has completed a top crossover. We should expect a downtrend in the coming days. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. Both MA50 and MA200 lines are below the last candle. Thus, it could be read as bullish for both the mid and the long term. The 3 Exponential Moving Averages (EMA) lines are on an uptrend. Chaikin’s Monetary flow (CMF) shows an uptrend. This implies a growing buying momentum. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. From investing dot com, they recommend a “STRONG BUY” based on 1D interval. 22 indicators point to a “BUY”

Earnings Calendar (07Oct24) Q4/2024 has started. There are some interesting earnings in the coming week namely, PEPSICO, Wells Fargo, and BlackRock. Let’s look Pepsico. The stock price grew 4.92% compared to a year ago. Investing dot com has a “Buy” rating from Analysts Sentiment, a price target of $182.71 that suggested an up side of 8.78%. Observations:  Revenue grew from $66.6 billion in 2014 to $91.4 billion in 2023.  Operating profit grew from $9.5 billion in 2014 to $12.9 billion in 2023.  The 10-year median margin for gross profit stands at a strong 54.5%.   The 10-year medium margin for free cash flow stands at a strong 15.0%   Earnings per share grew from $4.27 in 2014 to $6.56 in 2023.  The price earning P/E ratio stands at 24.2.&n

Public Holidays China is closed on 7th Oct 2024 - last day of the Golden Week holiday. Hong Kong is closed on 11th Oct 2024 - Chung Yeung Day. There are no public holidays in the coming week in America and Singapore. Economic Calendar (07Oct24) Notable Highlights The most watched macro-economic data will be that involving consumer price index (CPI) the market is expecting a year-on-year CPI of 2.3%. If the actual is better than the forecast, this should be bullish for the market.  The month on month PPI will be released in the coming week. This data reveals the price inflation that hits the producers. After hitting the producers, this inflation of cost would likely be passed on to consumers for price inelastic product.  The 10-year note auction an

Here are some recent news and posts about debts in the economy? Essentially, we are looking at debts affecting these 3 groups namely, consumer, corporation and governments. DEBTS IN A GLANCE HOUSEHOLD DEBT AND CREDIT REPORT (Q2 2024) Household Debt Ticks Up to $17.80 Trillion in Second Quarter; Mortgage Originations Remain Low   Total household debt rose by $109 billion to reach $17.80 trillion, according to the latest Quarterly Report on Household Debt and Credit. Mortgage balances were up $77 billion to reach $12.52 trillion, while auto loans increased by $10 billion to reach $1.63 trillion and credit card balances increased by $27 billion to reach $1.14 trillion. The volume of mortgage originations remained low, primarily due to subdued refinanc

Public Holidays China is closed on 7th Oct 2024 - last day of the Golden Week holiday. Hong Kong is closed on 11th Oct 2024 - Chung Yeung Day. There are no public holidays in the coming week in America and Singapore. Economic Calendar (07Oct24) Notable Highlights The most watched macro-economic data will be that involving consumer price index (CPI) the market is expecting a year-on-year CPI of 2.3%. If the actual is better than the forecast, this should be bullish for the market.  The month on month PPI will be released in the coming week. This data reveals the price inflation that hits the producers. After hitting the producers, this inflation of cost would likely be passed on to consumers for price inelastic product.  The 10-year note auction and the 30-year bond auction wil

The outlook of the companies reporting the earnings can be more significant than the earnings themselves.