To The Moon

Thursday (05 Sep) market showed a mixed reaction. NASDAQ settled slightly higher with +0.25% which is boosted by gains in some mega-cap constituents. But S&P 500 went below ts 50-day moving average (5,506) to settle -0.30% lower. There have been mixed action seen persistently throughout the trading session which is due to the lack of conviction ahead of August Employment Situation Report on Friday (06 Sep) at 8:30 ET. The market's recent focus has been on labor market conditions, but Thursday labor data did not gather significant responses from equities or bonds. Economic Data Shows Expansion With Layoff Tame We saw the labor data released on Thursday with August ADP Employment Change coming in at 99K while consensus was at 150K), with the previous revised to 111K from 122K. Weekly In

As demand for AI services increases, there is a growing need for infrastructure supporting inference workloads. As we already know that $NVIDIA Corp(NVDA)$ GPUs is dominating the AI training space, rivals are focusing on inference-focused hardware. $Advanced Micro Devices(AMD)$ have launched new products aimed at the booming inference market. As we can see that Nvidia has better revenue opportunity in AI training than AI inferencing, the recent stock price decline could signal a shift. The AI infrastructure market is witnessing a significant shift in focus from the training of massive AI models to optimizing their inference—i.e., the process of applying trained models in real-world scenarios. As the deman

$Docusign(DOCU)$ is scheduled to report their quarterly result on 05 Sep 2024 after market close. DocuSign met analysts’ revenue expectations last quarter, reporting revenues of $709.6 million, up 7.3% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ ARR (annual recurring revenue) estimates and a solid beat of analysts’ billings estimates. Market are expecting DocuSign’s revenue to grow 5.8% year on year to $727.8 million, slowing from the 10.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.80 per share. DocuSign (DOCU) Falling Net Retention Rate - A Big Red Flag DocuSign informed in Q1 2024 that they do not provide the gross retention, this is a met

We saw the stock market remained relatively unchanged from Tuesday's close. The S&P 500 did an early test at the level 5,506 but eventually dropped below the level in the afternoon session. S&P 500 settled with a market breadth that showed a lack of conviction on either side, resulting in lackluster action and choppy movement in some mega cap names. The uptick in imports, which will act as a drag on Q3 GDP forecasts but is a reassuring demand signal for the U.S. economy. We also saw business spending languished in July. The market was digesting the JOLTS report, which showed that job openings fell to 7.673 million from 7.910 million in July, reaching their lowest level since early 2021. Here are the economic data that we will be expecting on Thursday (05 Sep 2024). Thursday’s cal

$UiPath(PATH)$ is scheduled to report their quarterly results for period ending 31 July 2024 on 05 September 2024 after the market close. UiPath is expected to report a 5.7% increase in revenue to $303.673 million from $287.31 million a year ago. UiPath has provided a revenue guidance on 29 May 2024 for the period ended 31 July, to be between $300.00 million and $305.00 million. The consensus EPS forecast for this upcoming earnings is 3 cents. 2024 Gartner® Magic Quadrant™ for Robotic Process Automation Organizations do not need to employ an expensive LLM for every automation. Many robots just need to execute a workflow with high reliability at the lowest cost. Though UiPath is leading in the RPA space but we need to understand that a new era of

$Broadcom(AVGO)$ was down more than 6% when $NVIDIA Corp(NVDA)$ and other semiconductor stocks fell on 03 September (Tuesday) amid reports of industry sales weakness and an economic slowdown in China. The Philadelphia semiconductor index, known as SOX, plunged 7.8%. The SOX includes the 30 largest semiconductor stocks traded in the U.S. Broadcom is scheduled to report its quarterly earnings on 05 Sep 2024 after market close and is expected to report a 46.0% increase in revenue to $12.96 billion from $8.88 billion a year ago. Earnings per share consensus estimate is for $1.22 per share. Broadcom stock price might be affected by how investors would be adjusting their portfolio exposure to semiconductor

The new month saw the stock market started sharply lower with the major US indices plunged to kick off a shortened trading week after Labor Day as the latest Purchasing Managers Index (PMI) data indicated a contraction in manufacturing activity in August. There was a brief plateauing around mid-day. Selling picked up again in the afternoon trade, leading the Dow Jones Industrial Average to settle more than 600 points lower. The Nasdaq Composite closed nearly 600 points lower, the S&P 500 declined more than 100 points, and the Russell 2000 shed 3.1%. Economic data gives investors concerns for worries as contraction seen in manufacturing. With August S&P Global US Manufacturing PMI - Final came in at 47.9 lower than the previous value of 48.0. August ISM Manufacturing Index was 47.2%

$NIO Inc.(NIO)$ is scheduled to report its quarterly earnings on 05 September 2024 before market open. NIO is expected to report a 141.9% increase in revenue to $17.378 billion from $7.19 billion a year ago. This is inline with with the company's guidance on 06 June 2024 for the period ended 30 June, was for revenue between CNY16.59 billion and CNY17.14 billion. Market consensus EPS estimate for NIO Inc is for a loss of $2.21 per share or 31 cents per share. Lower Price and Subsidies Escalate the EV Price War. But Does It Work? Chinese EV producer Nio, whose sales surged by 31pc year-on-year to 160,000 units in 2023, on 1 April began offering a 1bn yuan ($138mn) package of subsidies to encourage gas-fuelled car owners to trade in their cars for a

On last friday, we saw another set of economic data which has the Fed policymakers getting new confirmation that inflation is continuing to ease, clearing the way for a first interest rate reduction this month as they shift their focus to preventing further cooling in the labor market. The personal consumption expenditures (PCE) price index rose 2.5% in July from a year earlier, the Commerce Department reported, matching the gain in June. Over the most recent three months, the annualized reading on the Fed's preferred gauge of inflation is well below its 2% goal. As seen now we are at around 70% for a rate cut in September, so the question now is when? in this article I would like to share which sectors and stocks we might want to look at to take advantage once the rate cut happen. Relati

$Hewlett Packard Enterprise(HPE)$ is scheduled to report its quarterly result for period ending 31 July 2024 on 04 September 2024 after market close. HPE is expected to show a 9.4% increase in revenue to $7.661 billion from $7 billion a year ago. This is within the guidance provided by HPE on 04 June 2024 for period ended 31 July that was for revenue between $7.40 billion and $7.80 billion. The consensus EPS forecast for the upcoming quarterly result is 47 cents, this is inline with the EPS guidance that HPE has provided on 04 June 2024 for the period ending 31 July which was between $0.43 and $0.48. This is driven by strong sequential growth in CPU/GPU servers and networking equipment. HPE To Benefit From Increased Investment In Enterprise AI Inf