To The Moon

$Tesla Motors(TSLA)$ released its Q2 2023 earnings on Wed 19 Jul 2023 after US market closed. This was followed by a press conference to answer queries that analysts, wall street professionals may have. Reactions on the following 2 days - Thu, 20 Jul & Fri, 21 Jul best summed up Wall Street sentiments. They did not like all the negatives stemming from the clarifications session. Does this signal the beginning of another Tesla correction? Below are some possible catalysts that I think might spur decline: (1) Q3 2023 EV volume will be reduced. During Q2 earnings press conference, mr musk announced that in Q3 2023, the giga factories will shutdown for factory improvements. (see above). Meaning output and delivery will be affected. Coupled with co

My investing muse - when an earnings beat does not imply that the business is getting better, interest rate, PCE & Tesla The above is the recent history of earnings forecast of AMD covering EPS and revenue. For the history above, we can notice that the single best quarter for AMD was the quarter ending June 2022 when the earnings beat both EPS and revenue forecast. In fact, it was the recent quarterly high for revenue at 6.55B and one of the highest quarterly EPS at 1.05. For the following quarters, the forecast for both EPS and revenue has not matched this Q2/2022 peak. This means that a double beat does not always mean that it is doing better than previous earnings. Bringing down the estimate is one of the ways to achieve an earnings beat. Ideally, we are hoping that there will be a

Five of the Magnificent Seven are in my portfolio Currently the portfolio is up 54.9% year-to-date, although at the beginning of the month it peaked at 59.1%. I do own 5 of the Magnificent Seven stocks, where Meta & Microsoft are the best performers in my portfolio, they are around fair value right now. I have divested from Apple on the run up, as it is about 26% over valued. As for Amazon & Alphabet, they are still undervalued and I will add more shares if they fall after earnings. As for Nvidia & Tesla, they are way over valued, so that won't be a consideration as the downside is more than the upside. One of the underdogs that has surprised me was Salesforce, I did not expect them to launch their AI product at all. The sole black sheep is Disney, which is down by 20% on