My Investing Muse

Supply Chain is well said to be the blood of the economy.  To bring goods and services to the customers, this has to go through some supply chain services. For this to be appreciated, let us look at the import, export and balance of trade (export less import) for the USA. For June 2023, exports total $247.483B For June 2023, total import is $312.98B thus, the balance of trade for the month ending June 2023 stands at -$65.497B (negative). This implies that the value of imports is more than the value of exports. For Aug 2023, the PMI are 51.00, 47.00 and 50.40 for services, manufacturing and composite respectively. Composite PMI refers to the combination of both services and manufacturing PMI. This implies that the manufacturing sector is contracting whereas the services sector expands. From the LMI index and its detailed explanation, there is no "urgency" to hire for the coming peak season. This could imply either there are sufficient resources, a lack of demand or both . The ...

  Reuters reported the  following  news on 17 Feb 2023: China's oil refining capacity overtook the United States as the world's largest in 2022 , an industry official said on Thursday, though its production of fuel products lagged the United States due to low utilisation rates. Total refining capacity in China expanded to 920 million tonnes per year, or 18.4 million barrels per day (bpd), in 2022 Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Association, told reporters. That compares with U.S. refining capacity as of December at 17.6 million bpd, according to the International Energy Agency's latest oil market report. China's total refined products output last year was less than 700 million tonnes (5.1 billion barrels), at an average plant utilisation rate of around 70%, the association said, compared with more than 800 million tonnes in the United States, where average utilisation exceeded 90%. China has 32 refineries with at least 200,000 ...

Over the recent weeks, there are much news about new vehicle production plants in China, mainly Electric Vehicles (EV).  China seems to be attracting the biggest investments to build cars, especially EV in the coming years.  While there are more "players" in the EV industry, the competition will only be good for sustainability and the consumer.  With an annual car sales of approximately 78 million (as of 2020).  With the global car market expected to grow to about USD$9 trillion by 2030, China looks to benefit significantly with news of such investments. It is no surprise as the China auto market is the single biggest market in the world.  There are no better test beds with the sheer population size of 1.3 billion.  With China poised to take over USA as the #1 global economy within the next 15 years, such investments are strategic and simply logical. While Tesla has an unquestionable lead, there will be competition in this important industry.  More imp...

Tesla $TLSA fell over 12% following the market's gloomy global outlook and concerns about Elon selling Tesla shares to fund his  Twitter $TWTR  purchase of $44 billion.   India looks to ban made in China Tesla As per the news screenshot above, India does not allow China-made Tesla into the country. Union minister Nitin Gadkari says that there is no issue if Tesla is made in #India. Will India see the building of a new Tesla Gigafactory soon?  Given the population, it will be an attractive Gigafactory location. Technical analysis extracted on 27Apr2022 from investing.com Various concerns have been raised including that from Biden administration.  Some are concerned that extremist values would not be censored leading to "content misinformation".  Some investors are concerned that Elon may be distracted and thus, slowing the current growth of Tesla. From the technical analysis (as per screenshot), the 1D chart from investing.com shows a " STRONG SELL " re...