To The Moon

$NVIDIA Corp(NVDA)$   Watching the Fibonacci retracement levels: ($75.61 - $140.76) - 23.6% ($125.38)  - 38.2% ($115.87) - 50.0% ($108.19) ✔️ - 61.8% ($100.50) ✔️ - 78.6% ($89.55) ✔️ (this is not an invitation to trade) 25 Jul 2024

$NIO Inc.(NIO)$ > NIO had a Q4/22 loss that was much wider than expected and a guidance for Q1/23 which is well below what Wall Street had expected. • NIO reported a Q4/22 loss of 51cts a share on revenue of $2.33bn, versus Wall Street expectation for a loss of 26cts a share and $2.5bn in sales. • Q4/22 results also fell short in comparison with the loss of 36cts a share and sales of $1.8bn in Q3/22. • For Q1/23, NIO expects to deliver between 31,000-33,000 vehicles. It has delivered 20,663 vehicles in January and February, leaving some 11,000-12,000 vehicles to be delivered in March. That’s a huge disappointment as NIO delivered more than 40,000 vehicles in

> Intel Corp Q4/22 - The Big Miss • Q4 revenue down 32% y-o-y. • Q4 net loss of $664m vs $4.62bn profit y-o-y. • Q4 EPS 10cts per share vs 20cts analysts' forecasts. • 4th consecutive quarter of sales decline. • Full-year 2022 revenue down 20% vs 2021. • Full-year earnings $1.94 per share vs $4.86 per share in 2021. • Full-year net income $8bn, less than half the $19.9bn in 2021. More Pain To Come? • Intel is forecasting more pain for the coming quarter. In its Q1/2023 guidance, it’s guiding for a net loss of 15cts per share on revenue of between $10.5bn - $11.5bn, versus Wall Street’s forecast of 24cts per share on revenue of $13.93bn. • Intel is not offering any full-year guidance given “uncertainty i

> Here's how Apple did versus Refinitiv consensus estimates: • EPS $1.29 vs. $1.27 est. • Gross margin: 42.3% vs. 42.1% est. • Revenue. $90.15bn vs. $88.90bn est, up 8.1% yoy • iPhone revenue: $42.63bn vs. $43.21bn est, up 9.67% yoy • Mac revenue: $11.51bn vs. $9.36bn est, up 25.39% yoy • iPad revenue: $7.17bn vs. $7.94bn est, down 13.06% yoy • Other Products revenue: $9.65bn vs. $9.17bn est, up 9.85% yoy • Services revenue: $19.19bn vs. $20.10bn est, up 4.98% yoy

> Google's Q3 Performance Slowdown in Ad sales, missing analyst expectations. • Total revenue was $69.09bn vs $65.12bn yoy. Analysts on average expected revenue to be $70.58bn. • Net income fell to $13.91bn, or $1.06 per share, from $18.94bn, or $1.40 per share yoy. Net income missed analyst expectations of $1.25 per share. • Operating margin declined to 25% vs 32% yoy. • Ad revenue was $54.48bn vs $53.13bn yoy, but came in below analysts' expectations. • Ad sales on YouTube declined to $7.07bn from $7.2bn yoy. • Revenue from Google Cloud rose to $6.9bn from $5bn yoy. Alphabet is facing a slowdown in advertiser spending on YouTube and the cooling of adspend by financial services sectors on Google, and plans to cu

> Here are the topline results: • EPS: $3.10 vs. $2.13 per share, according to Refinitiv. • Revenue: $7.93 billion vs. $7.837 billion, according to Refinitiv survey. • Expected global paid net subscribers: Addition of 2.41 million subscribers vs projected 1.09 million subscribers, according to StreetAccount estimates. The majority of Netflix’s net subscriber growth during the quarter came from the Asia-Pacific region, which accounted for 1.43 million subscribers. The U.S.-Canada region had the smallest growth of Netflix’s regions, contributing just 100,000 net subscribers. > Plans In the pipeline: • Netflix will begin to crack down on password sharing next year, opting to allow people who have been borrowing accounts to create their own. • The compa

> Nomura analysts are expecting the Federal Open Market Committee to likely raise its short-term interest rate target by a full percentage point at its policy meeting next week on Sep 20-21, because of the emergence of upside inflation risks.Nomura predicted that the U.S. central bank would raise its fed funds target rate by 50 basis points at both the November and December meetings.Nomura also said it was raising its forecast for the terminal rate by 50 basis points to 4.50%-4.75% by February 2023.The market sees the policy rate reaching the 4.00%-4.25% range by the end of this year, and 4.25%-4.5% by March.CPI climbed 0.1% last month from July, and gained 8.3% in the 12 months through August, the Labor Department reported on Tuesday.

Hiring in July was far better than expected, defying signs that the economic recovery is losing steam.Payrolls increased 528,000 in July, much better than expected in a sign of strength in the jobs marke and unemployment rate was 3.5%, - easily topping the Dow Jones estimates of 258,000 and 3.6% respectively.Wage growth also surged higher, as average hourly earnings jumped 0.5% for the month and 5.2% from a year ago, higher than estimates.Traders are now pricing in a higher likelihood of a 0.75 percentage point hike for the next Federal Reserve meeting in September.

> STI closed the week of June 13-17 at 3,098, down 83 pts.The index shows a falling trend channel in the short term with strong negative momentum, and has broken the floor of the rising trend channel in the medium long term.A double-top formation has been formed by the two peaks of 3.440 and 3,442 reached in Feb and April this year, and it has since broken through the neckline support of 3,160 and key support of 3,132. The index is between support level of 3,060 and resistance at 3,130. A definitive break through of one of these levels predicts the new direction.Overall the index trend is technically negative for the short and medium term. The charts are signaling negative, and indicate further decline may be expected. On the downside, a retracement to 2,900 or below may be a possible o

> For the week ended June 17, US equity markets continued to fall as the Dow and Nasdaq declined 4.8%, while the S&P 500 contracted 5.8%. Declines were led by growth stocks and procyclical stocks, mainly in the technology sector and travel industry.Growing concerns weighed on markets that the U.S. economy could fall into a recession as the Federal Reserve raised its benchmark rate by 75 bps, its largest rate hike since 1994. U.S. Treasury notes rose to its highest level since 2011, reaching a high of 3.49% before closing the week at 3.23%. Crude oil prices recorded their first weekly decline since April, as concerns over a global growth slowdown led to reduced demand for oil. West Texas Intermediate crude closed the week at $109 per barrel.Next week will be a shortened trading week