Should we be looking at Korea's Amazon - Coupang (CPNG)?
Who is Coupang? Coupang, Inc. is an e-commerce company based in Seoul, South Korea, and Seattle, WA, and incorporated in Delaware, United States. Founded in 2010 by Bom Kim, the company expanded to become the largest online marketplace in South Korea. Why the interest in Coupang? I was first intrigued when Bill Gates bought the shares. The following is a screenshot of a 2021 news article. Here are a list of other top investors who bought CPNG: Stanley Druckenmiller’s recent 13F (14 Feb 2024) saw him adding additional shares of CPNG, making this the 2nd biggest holding in his portfolio. What is the hype about this company? Let us look at Coupang in detail. Summary of Coupang The company stock has fallen from a height of $50+ to the recent price in the mid-teens. Based on 23 Feb 2024,
How can Tesla benefit from the AI boom? Do you remember Dojo?
Nvidia is one of the top AI hardware companies in the world. Even if Nvidia stops its R&D, a few years may not be enough for other players to catch up. Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during the Hon Hai Tech Day in Taipei on October 18, 2023. (Photo by I-Hwa Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) From a recent Yahoo article: Nvidia's rivals are circling, but they're still years from catching up“Software continues to be Nvidia's strategic moat,” explained Gartner VP analyst Chirag Dekate. “These ... turnkey experiences enable Nvidia to be at the forefront of mindshare, as well as adoption.”Nvidia’s lead didn’t happen overnight. It’s been working on AI products for years, even as investors questioned the move.“Nvidia, to its
My investing muse - Government, Layoffs & Recession (26 Feb 2024)
My investing muse - Government, Layoffs & Recession Layoff news continues into the week Google has initiated significant layoffs across its various teams as part of Google’s broader effort to streamline operations and align resources with its most significant product priorities. The total number is in the thousands. - Yahoo Finance Social media giant TikTok has announced it will be laying off Irish staff as part of global restructuring plans. A few hundred Irish-based roles will be impacted but TikTok has not confirmed how many jobs will be lost. - Irish Examiner Rivian is laying off 10% of its salaried workforce in a bid to cut costs in an increasingly tough market for electric vehicles. - Techcrunch Vice plans to lay off hundreds of employees next week and stop publishing on Vice.co
News and my thoughts from the last week (26 Feb 2024) - BYD, CRE, Bond & Red Sea
News and my thoughts from the last week (26 Feb 2024) - BYD, CRE, Bond and Red Sea BYD reportedly to launch lower-priced NEVs on Feb 20 to further offensive against ICE models Trump-loving truckers refusing to drive to NYC after his $355 million fraud ruling New York governor seeks to quell business owners’ fears after Trump ruling - The Guardian Wall Street giants like JPMorgan, State Street, and Pimco recently exited Climate Action 100+ - Business Insider Timing the market and time in the market. If we are waiting for a certain price before taking action, is it not considered timing the market? Bad commercial real estate loans have overtaken loss reserves at the biggest US banks after a sharp increase in late payments linked to offices, shopping centres and other properties. - FT T
Market outlook (26 Feb 2024) - S&P500 using 22 technical indicators
Market Outlook - 26 Feb 2024 Technical observations of the S&P500 1D chart: The MACD indicator is showing an uptrend having completed another top crossover. Chaikin Money Flow advises an uptrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long-term and mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are moving in a fanned-out pattern, thus implying an uptrend. I have replaced Stochastic with CMF as I wish to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. From the 1D technical indicators above, there are a total of 22 (Buy), 0 (Sell)
Earnings Calendar (26 Feb 2024) This week has several earnings of interest that include Baidu, Zoom, Dell, Salesforce and HP. Let us look at the recent performance of Salesforce Observations: Revenue grew from $4B (2014) to $31.3B (TTM 2023) - almost 8x. Gross Profit grew from $3.1B (2014) to $22.9B (TTM 2023) - almost 7x. Operating profits grew from a loss of $286M (2014) to $1,858M (TTM 2023). Salesforce has laid off about 700 workers recently. Will this translate to improved profits in the coming months? For the coming earnings, the forecast of its EPS and Revenue are $2.27 and $9.22B respectively. Can Salesforce reach a new high following its earnings? @TigerStars$Hewlett Packard Ent
Economic Calendar (26 Feb 2024) - PCE data is key data for interest rate changes
Public Holidays No holidays for Singapore, China, the USA, or Hong Kong. Economic Calendar (26 Feb 2024) Notable Highlights PCE. Core PCE Index. This is the main inflation reference used by the Federal Reserve. An elevated PCE can turn the market bearish as the Fed may have to push back the rate cuts because of this. However, a falling PCE can bring relief to the market as the Fed inches closer to a Fed pivot. GDP Q4. This will finalize the GDP from Q4. New Home Sales. This provides a good insight into the real estate market. CB Consumer Confidence. This is an indicator of the consumer and their coming consumption. The more confidence they have, it is likely that they can maintain or increase their consumption. PMI. Chicago's PMI and China’s Manufacturing PMI will be
Preview of the week starting 26 Feb 2024 - is Salesforce still a force?
Public Holidays No holidays for Singapore, China, the USA, or Hong Kong. Economic Calendar (26 Feb 2024) Notable Highlights PCE. Core PCE Index. This is the main inflation reference used by the Federal Reserve. An elevated PCE can turn the market bearish as the Fed may have to push back the rate cuts because of this. However, a falling PCE can bring relief to the market as the Fed inches closer to a Fed pivot. GDP Q4. This will finalize the GDP from Q4. New Home Sales. This provides a good insight into the real estate market. CB Consumer Confidence. This is an indicator of the consumer and their coming consumption. The more confidence they have, it is likely that they can maintain or increase their consumption. PMI. Chicago's PMI and China’s Manufacturing PMI will be released in the co
Dungeons & Dragons (2000) - IMDb Source: IMDb When we spoke about D&D, some may refer to Dungeons and Dragons. For some, it could be Dinner and Dance. Personal photo collection (BeerFest Asia) For this season, it is about Delinquency and Defaults. Delinquency and defaults are terms that kept popping up in recent news. News about default News about Delinquency The following is the explanation provided by Investopedia about delinquency and default. What are the differences between delinquency and default? Delinquency vs. Default Implications & views of Default and Delinquency (D&D) This can happen to debts for the consumer, corporation, and government (state, federal, local, etc). While most of the macro data focus on GDP, inflation, interest rate, and unemployment, D&