Preview of the week starting 04Sep23 - can C3 AI surge?
Public Holidays
No public holidays for Hong Kong, Singapore & China in the coming week.
The USA is closed on 4 September 2023 (Mon) for Labor Day. Thus, the USA market will be closed on Monday and open from 5th Sep 2023 onwards.
Economic Calendar (04Sep2023)
Notable Highlights
PMI. S&P Global US Services PMI and ISM Non-Manufacturing PMI will be released in the coming week. These will give us some insights on how non-manufacturing/services industries are doing in the USA.
ISM Non-Manufacturing Prices will also be released which we use as a reference for the inflationary pressures faced by non-manufacturing players in the USA.
Jobless claims. Initial jobless claims will be announced on Thursday. This would form critical data points for the Fed to decide on the next interest rate adjustment. This is part of the data consideration for the Fed in their coming interest rate decision.
Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, this implies demand erosion that can lead to reduced production & weakening consumer spending.
Earnings Calendar (03Sep2023)
For the coming week, there are a few company earnings of personal interest for me namely, Kroger, C3 AI & UI Path.
Let us look into C3 AI.
C3 has a “sell” rating as per the above but has made a 114% gain in 1 year.
Since 2019, we have seen a constant growth in revenue. However, the business remains unprofitable.
For the coming earnings, the forecast stands at -0.1732 and 71.56M for its EPS and revenue respectively. Will C3 AI be able to ride the AI hype to post good earnings?
@TigerStars
$Kroger(KR)$
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Will MS name C3 as an artificial intelligence winner next week? They've been aggressively buying C3 stock. As of June 30, MS owned 1.3m C3 shares. Obviously they like the stock.
With everyone and their brothers talking about Ai, and/or using Ai. I expect the announcement of new customers, earnings beat and great guidance moving forward. Get them while they're cheap and bank large.
AI is growing, on the path to profitability, strong, trusted, and praised for its many benefits by the many major world-class companies that utilize C3.AI.
Just more evidence at how pathetic the shorts quest to motivate C3.Ai investors to sell has been for the last few weeks. No one is selling their shares for the short side to cover with.
One to buy and hold for 10 years.... stop watching it.
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