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ColumnsStill bearish on the S&P 500
30th May 2024 (Thurs) Daily Market Outlook
Summary - What Is Happening In The Markets
US equity markets saw further weakness last night as S&P 500 and NASDAQ futures both dropped by -1.01% and -1.08% respectively. This is due to weak US treasury sales, signalling concerns that funding the US deficit will continue to drive up yields. Further, at a conference, US Fed committee member, Raphael Bostic, commented that the "path to 2% inflation is not assured" and "infla...
Summary - What Is Happening In The Markets
US equity markets saw further weakness last night as S&P 500 and NASDAQ futures both dropped by -1.01% and -1.08% respectively. This is due to weak US treasury sales, signalling concerns that funding the US deficit will continue to drive up yields. Further, at a conference, US Fed committee member, Raphael Bostic, commented that the "path to 2% inflation is not assured" and "infla...
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MASTER has benefited from First Solar's orders, and YOY has been growing for 7 consecutive quarters. Master's revenue and net profit for the quarter reached RM42mil and RM7.2mil respectively. Compared to the same period last year, Master's growth was as high as 45.1%.
Despite a series of challenges facing the E&E industry, management said First Solar brought in an increase of MYR 2.3 million due to increased demand from existing customers, which partially offset the decline in other industries. This quarter's revenue declined compared to the previous quarter. The main reason was that solar sector deliveries were reduced by RM1.5 mils as a result of maintenance activities for solar energy customers and cost reduction measures provided to customers.
Currently, Master is improving the efficiency of the production line. Management expects the electronics industry to pick up this year, so he believes that deliveries will also increase this year. Master and L&PBHD are First Solar's main carton suppliers. I believe First Solar will benefit from the US tariff policy, and I believe First Solar will order more and more in the future. His suppliers will also benefit.
Master is one of the few cardboard companies that can maintain a profit margin of 12% or more. The current PE is 7.86 which is worth our attention. We'll keep watching. $MASTER(7029.MY$
Despite a series of challenges facing the E&E industry, management said First Solar brought in an increase of MYR 2.3 million due to increased demand from existing customers, which partially offset the decline in other industries. This quarter's revenue declined compared to the previous quarter. The main reason was that solar sector deliveries were reduced by RM1.5 mils as a result of maintenance activities for solar energy customers and cost reduction measures provided to customers.
Currently, Master is improving the efficiency of the production line. Management expects the electronics industry to pick up this year, so he believes that deliveries will also increase this year. Master and L&PBHD are First Solar's main carton suppliers. I believe First Solar will benefit from the US tariff policy, and I believe First Solar will order more and more in the future. His suppliers will also benefit.
Master is one of the few cardboard companies that can maintain a profit margin of 12% or more. The current PE is 7.86 which is worth our attention. We'll keep watching. $MASTER(7029.MY$
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$Tesla(TSLA.US$
The Supercharger network is arguably Tesla's crown jewel and an important reason why people choose a Tesla electric vehicle. Earlier reliability reports indicated that the Supercharger network offers one of the best experiences in the industry, thanks to an almost perfect uptime rate.
However, the 2023 Impact Report reveals that Tesla used a deceptive method to assess uptime, casting doubts a...
The Supercharger network is arguably Tesla's crown jewel and an important reason why people choose a Tesla electric vehicle. Earlier reliability reports indicated that the Supercharger network offers one of the best experiences in the industry, thanks to an almost perfect uptime rate.
However, the 2023 Impact Report reveals that Tesla used a deceptive method to assess uptime, casting doubts a...
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summary
Recent developments suggest that the company poses a major threat to other tech giants that previously seemed to be leading in the AI race.
Apple's commitment to innovation, including the upcoming WWDC2024 event and the launch of the powerful iPad Pro, has created a positive catalyst for the stock.
Product sales challenges are temporary, and sales will rebound as advanced economies approach inflation targets and monetary policies relax.
For stocks like Apple, the 15% discount makes it an obvious investment choice.
introductory
I had a positive view of Apple (NASDAQ: AAPL) since February. Since then, the stock has changed little, growing only 2%, while the S&P 500 is up 6%. As always, I'm prioritizing fundamental developments over short-term stock price fluctuations. Apple's brand and pricing capabilities are still intact. The company recently announced the new powerful iPad Pro, which is expected to release more AI-enabled innovations at the WWDC2024 event on June 10. The headwind in product sales is clearly temporary, but it is expected to rebound as the world's advanced economies approach their inflation targets and monetary policies relax.
Apple's current valuation is 15% off, which is a clear opportunity. Given all the positive catalysts, Apple is still an investment option worth considering.
Fundamental analysis
Over the past three months, Apple...
Recent developments suggest that the company poses a major threat to other tech giants that previously seemed to be leading in the AI race.
Apple's commitment to innovation, including the upcoming WWDC2024 event and the launch of the powerful iPad Pro, has created a positive catalyst for the stock.
Product sales challenges are temporary, and sales will rebound as advanced economies approach inflation targets and monetary policies relax.
For stocks like Apple, the 15% discount makes it an obvious investment choice.
introductory
I had a positive view of Apple (NASDAQ: AAPL) since February. Since then, the stock has changed little, growing only 2%, while the S&P 500 is up 6%. As always, I'm prioritizing fundamental developments over short-term stock price fluctuations. Apple's brand and pricing capabilities are still intact. The company recently announced the new powerful iPad Pro, which is expected to release more AI-enabled innovations at the WWDC2024 event on June 10. The headwind in product sales is clearly temporary, but it is expected to rebound as the world's advanced economies approach their inflation targets and monetary policies relax.
Apple's current valuation is 15% off, which is a clear opportunity. Given all the positive catalysts, Apple is still an investment option worth considering.
Fundamental analysis
Over the past three months, Apple...
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On May 7, a research team from the University of Science and Technology of China (USTC) made important progress in the research field of quantum states of matter and quantum computing.
The research team arranged the self-developed “photonic boxes” into arrays and realized the fractional quantum anomalous Hall state based on photons for the first time in the world, creating a new platform...
The research team arranged the self-developed “photonic boxes” into arrays and realized the fractional quantum anomalous Hall state based on photons for the first time in the world, creating a new platform...
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Good news but the price of a stock dipped could mean the stock is overpriced or the news were leaked before the news announced .
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