To The Moon

News and my thoughts from the last week (05 Feb 2024) - BYD, Red Sea & CRE

• Three US Army soldiers were killed and more than 30 service members were injured in a drone attack overnight on a small US outpost in Jordan - CNN

• More bombs are not the answer to bombs. Don't feed the black Swan.

• Nearly one-third (32%) of respondents are worried their business will not survive through the end of the year and 38% saying they are more concerned about their company heading into this year than last. - Fox Business

BYD's net profit attributable to shareholders is expected to be between RMB 29 billion ($4 billion) and RMB 31 billion in 2023, up 74.46 percent to 86.49 percent year-on-year, according to its earnings preview released today.

• The right and timely response following good or bad news is more important than having an accurate outlook.

• let us not forget that twitter, X has laid off 80% of their staff. Twitter has yet to collapse. Are the tech companies having excesssive resources? What are the VC & LP thinking as Twitter steers away from excess towards profits?

• The Red Sea conflict has put profits back into logistics industry, starting with the shipping lines as Red Sea diversions rise. This has strengthen the financials of a weakening supply chain despite operational complexity. - FreightWaves

• The bustling ports of Los Angeles and Long Beach, California, gateways to the American consumer market, have become notorious for chronic congestion. But in January 2024, the logjam will reach a new level. - FreightWaves

• There is a difference between a tech company and tech enabled company.

• Are we seeing port congestion again? how will this affect inflation and supply chain?

• Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc after being invited last year - Straits Times

• 70% of executives saying their businesses are suffering financially because their workforces lack the right competencies. - Yahoo Finance

• Applications for a mortgage to purchase a home fell 11% last week from the previous week & were 20% lower than the same week a year ago. Low existing housing supply is limiting options for prospective buyers & is keeping home-price growth elevated. - CNBC

NVDA is the only Magnificent 7 stock seeing an increase in earnings revisions. The company is almost the sole beneficiary of the recent AI advancements, contrasting sharply with others that have only experienced hype without any fundamental improvement. From Twitter user Octavia Costa

• "Hold cash maybe more rewards in the coming months" - advice from my friend Mr Chow.

• The lithium market is being shaken up by a sharp, sustained slump in prices and a demand slowdown, which has disrupted projects and forced miners to cut production and look for cost-cutting measures, including layoffs. - Mining

• When the average household in the USA is unable to afford an average home in the USA, the cost of living is too high.

• Robert Kiyosaki thinks that America will be America's biggest adversary in the next 10-15 years because the country is coming apart at the seams.

• Higher losses tied to commercial real estate office exposure, increase in criticized loans tied to multi-family CRE [commercial real estate] are a reminder of ongoing credit normalization that we are likely to witness across the industry,” - CNBC

• Complexity can imply mastery. Simplicity is not the absence of mastery. Mastery can be found in the seemingly simple delivery of complex items. Same for music, same for life.

@TigerStars

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$NVIDIA Corp(NVDA)$