To The Moon

My investing Muse Student loan suspension ends on 31 Aug 2023. Payment of the student loan resumes in September 2023. The total student loan stands at USD$1.757 trillion ~ USD$1,757,000,000,000. This was one of the items implemented as Covid19 containment and with repayment to resume, we can expect some troubles to follow. This is $1.757 trillion that stems from 45.3 million who owe an average of $28,950 per pax. Unfortunately, an estimated 10.8 million student loans are at risk of default. With an increase in the cost of living (from sticky inflation), this will doubtless add to the burden when repayment resumes in 3 months. However, there is an alarming 10.8 million loans facing default. This should add to the waves of financial turmoil in the market and the larger economy. screenshot f

Let us review the earnings of the Big Tech ~ Apple, Amazon, Alphabet, Microsoft & Meta. I would prefer to have Tesla included in the group above but let us work based on the list. The following section is from Twitter user The Kobeissi Letter: About AI hype Here are the 7 stocks accounting for all of the S&P 500’s gain this year: $META, $AMZN, $MSFT, $AAPL, $GOOGL, $NVDA and $TSLA. The chart below really displays how important tech stocks have become. The S&P 500 has substantial exposure to the AI hype. The top 20 stocks in the S&P 500 carry 29% of the index’s weight. However, they are accounting for 95% of the S&P 500’s YTD performance. $AAPL and $MSFT alone drive nearly 25% of this year’s gain in the S&P 500. A diversified index is proving to be not so diversifie

what goes up, must come down. from 1951–2022, we have: Up Days % 53.6%  Down Days % 46.4% <data from Crestmont research on S&P500> $S&P 500(.SPX)$

My investing muse - Nvidia, PCE & Debt ceiling Nvidia Nvidia took off and made one of the biggest single one-day gains in recent times following its bullish outlook and earnings. The vibe about AI is real and the potential is great. Yet, I have mixed feelings towards the stock. The P/E of Nvidia is 222. If I can buy all the stocks of Nvidia right now, it will take me 222 years to recover my investment based on the current EPS. Yahoo Finance stated that its diluted TTM EPS is 1.75 While there is big potential, we should consider investing with a good margin of safety.  Personally, I think that I may have missed the window of opportunity for this season.  There is a chance that the price of the stock failing to go down significantly for weeks or longer, I did not buy beca

Market Outlook - 29 May 2023 S&P500 1D chart dated 28 May 2023 Technical observations of the S&P500 1D chart: The stochastic indicator is on track to complete a bottom crossover. With that, it could be on an uptrend soon. The MACD indicator is trending sideways and could break either way.  Moving Averages (MA). The MA50 line implies an uptrend in the mid-term. The MA200 line is turning upwards and implies an uptrend in the long term. With the last candle being above both the MA50 line and MA200 lines, this can be interpreted as an uptrend in the mid-term and the long term. Note that the MA200 line is turning horizontal. We need to watch out should the MA200 dip in the coming days.  Exponential Moving Averages (EMA). The lines are on an uptrend and imply an uptrend in the

News and my muse  <NYPost> The Minneapolis-based Target said its profit will be squeezed by “$500 million more than what we saw last year” – when the company lost as much as $800 million from “inventory shrink.” <Business Insider> Cloud major Oracle reportedly sacked over 3,000 employees at the electronic healthcare records firm Cerner which it acquired for $28.4 billion. <The Verge> After last November layoffs, Meta announced job cuts affecting an additional 10,000 workers by May. Meta slashed an additional 4,000 jobs in April. This latest round of layoffs is expected to affect workers in business-focused positions. <Wion News> The job cuts in the technology sector neared 90,000 in January 2023 & came down to 39,471 in February, 37,662 in March, 19,807 in

Earnings Calendar (29 May 20230) - Can Salesforce beat the expectations? Earnings Calendar for the week starting 29 May 2023 There are some interesting earnings coming up namely, HP, Dell and Salesforce. Let us look at the earnings of Salesforce. Earnings of Salesforce Here is the summary of their recent earnings provided by Google Bard. Earnings of Salesforce (2018 - 2022) Salesforce's earnings have grown significantly over the past 5 years. This is due to a number of factors, including: The growth of the cloud computing market, which has been a major driver of Salesforce's growth. The company's focus on innovation, which has helped it to maintain its competitive edge. The company's strong sales and marketing team, which has helped it to acquire new customers. Salesforce is expected to

Public Holidays The United States celebrates Memorial Day on 29 May 2023. I will like to give a shout-out to the veterans who have served the country. Singapore celebrates Vesak Day on 02 Jun 2023 No other public holidays for China & Hong Kong this week Economic Calendar (29 May 2023) Economic Calendar starting 29 May 2023 Notable Highlights Payroll & Jobless claims. There are a few important announcements like JOLTs Job Openings, ADP Nonfarm employment change, initial jobless claims, Average Hourly Earnings, Nonfarm Payrolls and Unemployment Rate. All these would form important data points for the Fed to decide on the next interest rate adjustment. <From investing> Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic

Public Holidays The United States celebrates Memorial Day on 29 May 2023. I will like to give a shout-out to the veterans who have served the country. Singapore celebrates Vesak Day on 02 Jun 2023 No other public holidays for China & Hong Kong this week Economic Calendar (29 May 2023) Economic Calendar starting 29 May 2023 Notable Highlights Payroll & Jobless claims. There are a few important announcements like JOLTs Job Openings, ADP Nonfarm employment change, initial jobless claims, Average Hourly Earnings, Nonfarm Payrolls and Unemployment Rate. All these would form important data points for the Fed to decide on the next interest rate adjustment. <From investing> Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It

$NVIDIA Corp(NVDA)$  The P/E of Nvidia is 222. If I can buy all the stocks of Nvidia right now, it will take me 222 years to recover my investment based on the current EPS. Yahoo Finance stated that its diluted TTM EPS is 1.75 While there is big potential, we should consider investing with a good margin of safety.  Personally, i think that I may have missed the window of opportunity for this season.  There is a chance that the price of the stock failing to go down significantly for weeks or longer,  I did not buy because I have not researched adequately too.  For now, I plan to monitor and will watch from th3 sidelines.