My Investing Muse

Public Holidays There are no public holidays for Hong Kong, Singapore & the US in the coming week. China is closed on 29 Sep 2023 (Friday) for Mid-Autumn Festival. Hong Kong will be closed on the following Monday (02 Oct 2023) for Mid-Autumn Festival. Economic Calendar (25Sep2023) Notable Highlights Fed’s Chair will speak on 28 Sep 2023. This speech could cause some volatility in the market. GDP (QoQ) will be confirmed this week as we conclude the USA’s GDP for Q2. CB consumer confidence and core durable goods orders present good reference for consumption. PCE is the Fed’s preferred reference for inflation. This will be the most-watched economic indicator for the week. A higher-than-expected Core PCE can trigger concerns as this could strengthen the need for a more hawkish interest rate stand. PMI - China’s manufacturing PMI will be released, a good barometer on the manufacturing sector for China and the demand for consumption of the rest of the world. Building Permits, New ...

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...

Micron $MU beat the market forecast in both EPS and revenue from their 29 Mar 2022 earnings. EPS 2.14 (actual) vs 1.98 (forecast) Revenue 7.79B (actual) vs 7.53B (forecast) In fact, Micron has been beating the forecast (of both EPS and revenue) for the last 5 previous consecutive quarters.  On the day of earning (29 Mar 2022), the stock opened with a price of $84.30 and closed the trading day at $$79.16.  As of 01 Apr 2022, the stock closed with a price of $76.18, a fall of 9.6% since 29 Mar 2022's opening price. MU revenue & EPS beat market forecast for results released on 29Mar22 Highlights (extracted from Micron's presentation deck): Delivered excellent performance in FQ2 with results above the high end of our guidance; grew revenue and margins sequentially SSD products achieved record revenue; auto market revenues also reached an all-time high Industry-leading 1-alpha DRAM and 176-layer NAND technology node ramps delivering strong cost reductions Portfolio transformati...

Some of the most anticipated earnings for the week starting 28Mar2022 Earnings for week starting 28 Mar 2022 EV will get some updates from Xpeng and Lucid.  Micron's earnings are interesting with the recent hype about chip makers being key in our digital age.  Thursday will see Blackberry reporting their earnings.   The market remains nervy with dark clouds of the Ukraine crisis, the next waves of Russian sanctions and also China's Covid outbreak ready to spook the market. Interesting company to watch out for - $PATH $PATH 1D chart as per 27 Mar 2022 Another company of interest is UiPath $PATH which was recently recognised as a leader in the IDC (market intelligence).  Here is the news extract dated 23rd March 2022: News article from Yahoo Finance dated 23 Mar 2022 "a leading enterprise automation software company, today announced that it has been named a Leader in the IDC MarketScape: Worldwide Cloud Testing 2022 Vendor Assessment – Empowering Business Velocity...