My Investing Muse

Public Holidays None - Singapore, Hong Kong, China & the USA Earnings Calendar In. the coming week, the above will be some of the earnings of interest on 29 Sep 2022 (Thursday). Personally, both Micron and Nike will be interesting. Micron Micron's 1-year overview Micron has fallen 32.34% from a year ago after hitting a 52-week high of 98.45.  Unfortunately, it remains close to the 52-week low of 48.46.  The company seems to be on a downtrend.  With the coming earnings, will Micron's slide continue given the bearish market outlook following Fed's recent hawkish rate hikes?  The forecast of its earnings and revenue stood at $1.32 and $6.71B respectively. Nike Nike's 1-year overview Nike has fallen 35.14% from a year ago.  It once scaled the height of 179.10 but now was ranging sideways with potential for further slip.  Currently, the stock lingers near the 52-week low of 95.35 and with the recent outlook, we could foresee potential volatility and downside...

Public Holidays Nil for China, Hong Kong, USA and Singapore Earnings Calendar FedEx's worrisome market outlook (about recession) has brought the market down. Apart from FedEx, the other one of interest is for Costco.  Costco's earning will be released on 22nd Sep 2022.  Being one of the big discount stores in the zector(s) of Consumer Defensive, they employ 288,000 full time employees. Yahoo Finance Costco overview For the last one year, the price fluctuation was between 406 and 612.  The price rose 9% from a year ago and is currently on a downtrend as per chart above. Analyts recommendations (Yahoo Finance) From the 29 analysts (above), Costco remains a buy rating (2.1 out of 5 as per above) with the following recommendations: 7 - strong buy 11 - buy 11 - hold Investing dot com - Forecast for earnings of Costco For the coming earnings, the market forecast is 4.15 and 71.64B for EPS and revenue accordingly.   On 26 Jul 2022, the nation's largest retailer Walmart...

Public Holidays China and Hong Kong will be closed on 12 Sep 2022 as they celebrate Mid Autumn Festival. Earnings Calendar - Adobe Adobe will share its earnings report this coming week on 15 Sep 2022 . Adobe stock has fallen 40.36% from a year ago.  Within the last 52 weeks, it reached a height of 699.54 and a recent low of 338.   The forecast of its earnings is 3.34 and 4.44B for EPS and revenue accordingly.  The other factor which can affect the stock movement is the outlook provided by the company.  Will the company continue to beat the forecast and break out from its recent lows? With Adobe be able to break out from the downtrend?   Economic Calendar Economic Calendar for the week starting 12 Sep 22 There are a few important updates in the coming week: US will share the important CPI (Aug) figure - this will be an important data point for Fed's coming interest rate adjustment plans.  With the falling pump prices, we should be able to...

CHEAP U.S. STOCKS ??? Cheapest P/Es over $10BN market cap (with 1 year total returns) The list is compiled by a Twitter user named: "Special Situations" Fred_McFeely Source: https://twitter.com/Fred_McFeely/status/1566470329807011840?s=20&t=e9jl10DVVeQhkequ06z5ew Before we start buying,   let us not forget to qualify the fundamentals of the businesses first .   It is one thing to be on sale.  It could also be there the sale was due to the business not doing well.    After shortlisting the companies, some of us may use technicals to take up our positions. I think there is room for downside in the market; thus, we can start by shortlisting great companies. Cheap US stocks??? Let us live within our means, and invest with what we can afford to lose.  Let us set aside (some) "cash for crash" so that we can purchase great companies at good discounts.

It is not all bad news for BYD amidst Berkshire sales Source: CnEVPost Buffett sells additional 1.7 million BYD shares after first move late last month Berkshire reduced its stake in BYD to 18.87 percent on September 1 after cutting its holdings by 1.176 million BYD H shares. BYD overtakes LG Energy Solution to become world's No. 2 battery maker in July From January to July, BYD's global share remained lower than LG Energy Solution, with the two at 12.6 percent and 14.2 percent respectively. BYD denies it will raise prices after rumor sparked widespread buzz. BYD's pure electric vehicle models will increase in price by RMB 10,000 and plug-in hybrid models will rise by RMB 6,000, local media reported earlier. Denza is the joint investment between BYD and Mercedez Benz targeting the luxury market Denza D9 MPV expected to start deliveries at end of Sept, exec expects 10,000 deliveries in Dec The Denza D9 is expected to deliver more than 3,000 units in October and 5,000-7,000 u...

Public Holidays Labour Day - 05 Sep 22 at the USA Economic calendar The initial jobless claims will be another important consideration for the Fed as they muse over the rate of interest rate increase expected in the latter half of September 2022.   The non-manufacturing PMI (Aug) will cast an important outlook on the non-manufacturing or service industries.  If the actual PMI is much lesser than expected, it could have a bearish impact on the market. Fed Chair Powell will speak this week and should bring some insights into the coming steps of the Federal Reserve. As for Crude oil inventories, it is a "forward-looking" indicator coming to consumption of the market.  Crude oil inventories must be consumed first before they will eventually enter the market as products.  Thus, if the producers are consuming lesser now, it is a sign that they are expecting the consumption to be reduced. News & my Muse Global food crisis.  Maybe we are just too fa...