To The Moon

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 ‌ ‌$C3.ai, Inc.(AI)$ ‌ ‌$Kroger(KR)$ ‌ ‌$S&P 500(.SPX)$ ‌