$SoundHound AI Inc(SOUN)$ In regards to the price pop, my hunch, just an opinion, there is an authorised ATM registration, so this is the market makers pumping up the price to so that momentum traders will provide them with the liquidity needed to sell some shares and collect cash for the company coffers. Of course this dilutes the existing shareholders but who cares about them.
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From investing U.S. NOVEMBER CORE PPI INFLATION RISES 6.2% Y/Y; EST. 5.9%; PREV. 6.8%taken from investing websiteWhat could be the implications of a higher than expected PPI? Producer Price Index (PPI) precedes Consumer Price Index (CPI) as it is the inflationary cost impact faced by the producer during their production.These inflation are likely passed on to the consumer pending on the price inelasticity of the goods.This can imply that the inflation can continue its climb, thus, the Fed can remain hawkish with this news. The next important data is CPI next week before the Fed concludes their last rate hike for 2022.While the market expects a Fed pivot with a 50 basis points increase but we should not be surprised by a 75 basis points hike. Should the Fed feels that the inf
$JUMBO GROUP LIMITED(42R.SI)$ It has been a while since Jumbo has been under the radar. Before the pandemic, it was struggling with strong competition within the industry, and when the pandemic struck, it suffered months of revenue decline, as dine-in was banned. On Dec 7, SAC Capital has initiated its coverage on Jumbo with a “buy” and a target price of 38 cents. During its 2HFY2022 ended September results, the group registered an 81.3% h-o-h increase in revenue to $6.6 million, bringing net profit to $4.4 million, turning around from a loss of $7.5 million. Gross profit margin is also at its highest at 66.3%, an increase of 3.2 percentage points (ppt) h-o-h, as higher footfall from no cap in the number of diners translates to higher revenue per table. For the FY2022 period, revenue incre