To The Moon

My Investing Muse (22Jul24) Layoffs & Closure news Salesforce, a cloud-based software company, has reduced its workforce by around 300 employees, reports Bloomberg, citing sources. - Yahoo Finance Layoff & closure news continued into the week. Crowdstrike Saga News about the Crowdstrike Crowdstrike lost the falcon and it cost us billions ... and more. Spain said billions of dollars of productivity and commerce would have been lost across the world due to this outage. - NZ HeraldTelevision channels, airports and banks around the world have been knocked offline in a massive IT outage causing Windows computers to suddenly shut down. - Telegraph UKPlanes are grounded due to IT outage. - Sky News What other stocks should we look at after Crowdstrike tumbles? Keep away from Micro

News and my thoughts from the last week (22Jul24) Some are getting bullish with the recent market runs. Is America getting too big to fail or too big to save Why would we fund a failing business? Should this be applied to the government? Now that we realize the extent of censorship and misrepresentation from mainstream media, can we look at China again? China is more into collaboration than competition. There is no yearning to be the #1 superpower if they can not first take care of the citizens. Bangladesh is suffering a nationwide internet shutdown as students armed with sticks and hurling stones clash with police in protests against the government that reports said have left at least 39 people dead. - Bloomberg Maritime security firms reported yet another Houthi attack off Yemen. A Si

Market Outlook of S&P500 - 22Jul24 Observations: The MACD indicator has completed a top crossover that implies a current “bearish” run. Chaikin Money Flow (CMF) is below the zero line in the middle which implies a downtrend. From the volume, the bear is having momentum. 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 the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. 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, the S&P500 is on a downtre

Earnings Calendar (22Jul24) Q3/2024 starts and a few earnings are coming in the coming week. In the coming week, there are a few earnings of great interest as the earnings for The Magnificent 7 start. Some of the important earnings releases for the coming week will include the following: SAP, Tesla, Alphabet, UPS, General Motors, visa, Coca-Cola, Ford, Honeywell and Chubb. Let us look at the earnings of Tesla Tesla's share price fell about 9% from a year ago. Observations about Tesla's recent performances: Revenue grew from $3.2 billion in 2014 to $96.7 billion in 2023. The 10-year median margin for gross profit stands at 21.9%. Operating profit started with a loss of $187 million in 2014 and $8.89 billion in 2023. The price-earning P/E ratio stands at 58.4 These are some of the new

Public Holidays America, Hong Kong, Singapore and China do not have public holidays in the coming week. Economic Calendar (22Jul24) Notable Highlights The core PCE price index will be the most watched economic data in the coming week. This is the main reference preferred by the Federal Reserve coming to inflation. The year-on-year PCE price index is expected to be 2.6%. This will form a key consideration for the coming Federal Reserve interest rate decision. The other important economic data will be the GDP result for Q2 with a forecast of 2.0%. If the reported GDP is higher than reported, this should be bullish for the market in general. Existing home sales and new home sales data will be released in the coming week. This will be an important referenc

Public Holidays America, Hong Kong, Singapore and China do not have public holidays in the coming week. Economic Calendar (22Jul24) Notable Highlights The core PCE price index will be the most watched economic data in the coming week. This is the main reference preferred by the Federal Reserve coming to inflation. The year-on-year PCE price index is expected to be 2.6%. This will form a key consideration for the coming Federal Reserve interest rate decision. The other important economic data will be the GDP result for Q2 with a forecast of 2.0%. If the reported GDP is higher than reported, this should be bullish for the market in general. Existing home sales and new home sales data will be released in the coming week. This will be an important reference on the real estate market in Amer

My Investing Muse (15Jul24) Layoffs & Closure news Texas supply chain-related firms hit with 285 layoffs Packaging provider closes Houston plant; food supplier closes Dallas facility - FreightWaves Unilever plans to cut a third of all office roles in Europe by the end of 2025 under CEO's strategy to boost growth, with as many as 3,200 positions to be eliminated. - Economic Times ike has laid off about 20% of employees who worked primarily on its sustainability initiatives, The Oregonian/OregonLive and ProPublica found. Roughly another 10% left voluntarily or were transferred to other jobs. - Fast Company Vacuum cleaner manufacturer Dyson is planning to cut one-third of its workforce in the UK over the quarter as a part of global restructuring. - Live Mint Software developer UiPath wil

News and my thoughts from the last week (15Jul24) Bubbles pop. Image There was an assassination attempt on Trump. How would the market react on Monday? The jump in PPI appears to be an unwelcome development for the US economy and the fight to rein in high inflation after the BLS announced that consumer prices fell every month for the first time in four years. - CNN Elon Musk has said: The European Commission offered 𝕏 an illegal secret deal: if we quietly censored speech without telling anyone, they would not fine us. The other platforms accepted that deal. 𝕏 did not. - Elon Musk Russia's GDP grew by 5% in the first five months of this year, despite US sanctions. - BRICS News Image The growth of the S&P500 equal weighted is much lesser than the growth of the S&P500 - driven by

Market Outlook of S&P500 - 15Jul24 Observations: The MACD indicator has completed a bullish top crossover that implies a current “bull” run. Chaikin Money Flow (CMF) is above the zero line in the middle which implies an uptrend. This remains in the bullish region. Note the selling strength is gaining ground. 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 the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. 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. S&P500 conti

Earnings Calendar (15Jul24) Q3/2024 starts and a few earnings are coming in the coming week. There are a few earnings of interest: Goldman Sachs, BlackRock, Bank of America, ASML, United, TSMC, Nokia, Netflix, Intuitive Surgical and American Express. Let us look at BlackRock in detail. Observations: Revenue grew from $11.08B (2014) to $17.8B (2023) Operating Profit grew from $4.52B (2014) to $6.33B (2023) EPS grew from $19.17 (2014) to $36.51 (2023). The year with the best EPS is $38.22 (2021). Dividend per share grew from $7.72 (2014) to $20.00 (2023). Here is some recent news about BlackRock, listing their recent acquisition. At the same time, BlackRock is also in the Bitcoin sector, which has great potential. For the coming earnings, the forecast is $10.04 and $4.85B for EPS and R