Everything should start from$Micron Technology (MU) $Speaking of Tuesday's financial report.As the top memory chip manufacturer in the hardware industry, Micron continued to expand its losses in Q2 financial report for the 23 fiscal years ending March 2 this year. The EPS loss reached-1. 92 USD, which was worse than the market expectation of-0. 63 USD, while its revenue was nearly 3.69 billion USD, which decreased by more than half of the same period last year and was also worse than the expected 3.73 billion USD.This is a very poor performance, but the market sentiment is gradually improving, thinking that "the bottom may come".An improvement in supply and demandMicron has pulled back by over 40% since the beginning of 2022, and underperformed the mar
After the market on March 28, yoga sportswear brands$lululemon athletica (LULU) $The Q4 performance of fiscal year 22 ended January 29, 2023 was announced. Because Q3 Financial Reporting Company actively lowered Q4 performance, the stock price in the secondary market dropped by more than 12%. However, Q4 performance once again exceeded market expectations, which also showed that the company's previous lowering expectations were somewhat conservative. Therefore, the company also took the initiative to raise the guidelines for the next quarter, which also made the market re-enhance its performance expectations, and the stock price returned to the Q3 decline.OverviewOverall revenue was US $2.77 billion, up 30% year-on-year, exceeding the consensus of US
Is Block Investable under Hindenburg Short Report?
Block, formerly known as Square, is a company founded by Twitter co-founder Jack Dorsey. Initially, it provided payment and mobile banking services to merchants and consumers. The mobile internet accelerated its growth, making Cash App one of the most widely used Fintech applications. Company has also successfully expanded its business from payments to peer-to-peer lending, online credit cards, digital currencies, investment trading and other businesses.In Q4 2022, Cash App's MAU rose to over 50 million.March 23rd, Hindenburg Research released a short report titled "Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion," targeting the company
Banking Risk, High Interest Rate, and Potential Recession?
Risk events came in European and American banks recently. Both the Federal Reserve and the Swiss National Bank took immediate measures to deal with it. Although the market is questioning the methods appropriate, there are no obvious signs of system risk for now.Banking pressure increasedInterest rate hike in the past year has caused the problems of short-term borrowing and long-term mismatch in the banking industry to break out intensively. Recently, the capital outflow pressure of banks, especially small and medium-sized banks, is relatively high. However, from the overall situation, the pressure is still within the controllable range.According to th
$Meituan(03690)$ announced Q4 and full-year earning reports. Double beat as usual, investors should pay more attention to business segments. Margin increased again, scale effect in delivery helped a lot. However, Tencent’s dividends make it under selling pressure.Overview of Q4Revenuee 60.13 billion yuan, a year-on-year increase of 21.4%. It is one of the few Internet companies that maintains double-digit growth, which is higher than the market expectation of 57.92 billion yuan. In terms of business, the overall core local business revenue was 43.47 billion yuan, a year-on-year increase of 17.4%, higher than the market expectation of 41.44 billion
Stocks saw rare volatility yesterday. On one hand, the Federal Reserve raised interest rates by 25 basis points as expected at its FOMC meeting and expanded deposit protection measures to cope with banking crisis. On the other hand, Treasury Secretary Janet Yellen (former Fed chair) said I have not considered or discussed anything having to do with blanket insurance or guarantees of depositsMedia was sensitive, believe that Powell's words conflicted with Yellen's, and the market interpreted them as negative signals. Did Powell and Yellen's words clash?Let's check what they said.Powell spoke at conference after FOMC meeting. Federal Reserve, working with the Treasury Department and the FDIC, took decisive actions to protect the U.S. economy and to str
Tencent Q4 Earning: recovery is on the way, time to buy
$TENCENT(00700)$ released Q4 2022 and its full-year earnings after Mar,22. Sales slightly beat market consensus, the effect of reducing costs and increasing efficiency continues, and the margin promoted better than expected. Offline business still affected, while games and entertainment performed steadily. Fortunately, video content is entering an accelerated monetizing period, ads revenue growing strong recovery potential. We expect further recovery in 2023.Overview of Q4 performanceRevenue 144.95 billion yuan, up 1% year-on-year, higher than the market expectation of 144.50 billion yuan. Among them,The overall income of value-added services was 70.4 billion
Nike Q3, Double beat with heavy inventory and lower China sales
$Nike(NKE)$ reported FY23 Q3 earning after Mar.21,It is the first report for Greater China after pandemic (December 2022-February 2023).Overview Revenues: 12.39 billion US dollars, a year-on-year increase of 14%, better than the market expectation of 11.47 billion US dollars;By channel, NIKE Direct's revenue was 5.3 billion US dollars, a year-on-year increase of 17%, and an increase of 22% on the basis of currency neutrality; NIKE Brand Digita's revenue increased by 20% year-on-year and increased by 24% on the basis of currency neutrality; Wholesale revenue was 12% year-on-year and increased by 18% on the basis of currency neutrality;By brand, NIKE brand reven
Faced with the pressing forces of Open AI and $Microsoft(MSFT)$ , $Alphabet(GOOG)$ Google finally stopped sitting still.Today, Google announced the official opening of the public beta of its ChatGPT competitor Bard, which will first be launched for the United States and the United Kingdom. At present, users in these two countries can wait in line on bard.google.com. As the test progresses, Bard will gradually go online in other regions.However, compared to the complacent state of Open AI and Microsoft, Google, which had previously "turned over" in Bard, was obviously more cautious. Different from New Bing's large-scale open strategy, Bard's test quota will be gradually released, and the initial versi
Is it time to buy Tencent back, before Q4 earning?
$TENCENT(00700)$ is going release 22Q4 earnings report after close March 22. Previously, the market is expecting Pony Ma's "cost reduction and efficiency increase" , which would be boosted in the second half of 2022 Now the consensus goes,Revenue 144.5 billion yuan, which was basically the same year-on-year;Game revenue 41.8 billion yuan, -2.3% year-on-year;Social networks (live broadcast, videos, etc.) 29.2 billion yuan, which was flat year-on-year;Online advertising 22.1 billion yuan, a year-on-year increase of 2.6%;Financial and corporate income 50.2 billion yuan, a year-on-year increase of 4.8%;EBITDA 42.68 billion yu