To The Moon

SAP is one of the few software companies base in Europe, by virtue of its European local identity, enterprise software leadership, to become the core beneficiary of the impact of tariffs in Europe.In the short term, customer budget shifts and alternative demand will directly drive the growth of its cloud business; long-term need to pay attention to its ability to iterate technology and the sustainability of the European policy landing. $SAP SE(SAP)$ Q1 earnings performanceQ1 of FY25 was a strong performance.Overall revenue and profit beat market expectations.Total revenues of €9.01bn, +12.1% y-o-y (+11% at constant exchange rates), were slightly below analysts' expectations of €9.08bn, but the cloud business shone with €4.99bn, +27% y-o-y (+26% at

$Netflix(NFLX)$ has shown notable strength recently, delivering a YTD return of +9.5%, significantly outperforming the S&P 500 (.SPX), which is down -8.25%.Last week's rally could be attributed to the market's belief that Netflix is relatively immune to tariff-related headwinds. This week's strength, however, appears more related to heightened earnings expectations. What's surprising is that NFLX rose 6.31% in the week leading up to its earnings, despite its Monday-implied volatility (IV) pricing in a ±10% move post-earnings.More interestingly—perhaps coincidentally or by design—the anticipated earnings gap (post-earnings gap-up/down) will not impact the weekly options expiring on April 17, as the market is closed on April 18 due to a holiday

Recently $ Jingdong (JD) $ takeaway heat, Liu Qiangdong a takeaway business for the internal speech "no surprise" to "accidentally" out, alluding to the United States group profits are too high.But look carefully at the full version, this is just Liu Qiangdong down the PUA, outside the persona of the marketing strategy.Do takeaway according to Liu Qiangdong this line of thinking, is unable to pose any threat to the United States group.His three core ideas have logical problems.First, the control of profit margins, to maintain net profit within 5%, in order to ensure that the merchant profitsJingdong gives the public a preconceived illusion that takeout can be very simple to achieve "very high profits", but Jingdong "good intentions" convergence, delibe

In its report, JPMorgan noted that the time it takes for gold to break through the $1,000 round number each time has shortened exponentially:$1,000 (2008): 38 years2000 (2020): reduced to 12 years$3000 (March 2025): just under 5 yearsFollowing this pattern, $4,000 could take only a third of the time of the previous period (5 years), i.e. about 1.5-2 years, corresponding to mid-late 2026 .$SPDR Gold ETF (GLD)$ $ S&P 500 (.SPX)$Key DriversCentral bank gold purchases and the dollar credit crisisGlobal central banks continue to increase their gold holdings at a rate of 80-109 tons per month (2022-2025 data), well above historical averages, and with IMF data showing the share of US dollar reserves falling to 57.4

Don't All in.After the tariffs landed, the U.S. stock market is a little bit back to the soul of the meaning of fluctuations, a lot of people began to get excited, think the opportunity to come.But I'll be honest, don't get too excited, now this wave of rebound, more like a technical repair, not a trend reversal, at best, is a "dead cat jump".Simply put, the fundamentals did not keep up.The S&P 500 earnings per share estimate (EPS) for the coming year has been cut by Wall Street from +14.1% at the beginning of the year to +10.5%.That's not the worst of it, if U.S. GDP does fall between 0 and 1% as many now expect, then EPS will have to continue to be chopped to less than 5% to be reasonable, and right now the market isn't even reflecting that pessimism.Looking more closely at the secto

Yesterday the arithmetic chain plunged because of reports of $Microsoft(MSFT)$ data center lease cancellations and extensions, but instead $NVIDIA(NVDA)$ was down more (-5.74%).NVDA's current but a bit may not be the same, because the arithmetic efficiency improvement and the concern of lower demand for GPUs, in fact, in January DeepSeek wave has been embodied, it makes no sense that the same subject matter once again hype wave.But NVDA's own Blackwell series may become a more worrying point for the market:GB200 supply chain challenges, which have been reported on quite a bit before.Included:Deployment complexity: the deployment of GB200 required 5-7 days of installation time, with frequent instability an

After reading the earnings report of $POP MART(09992)$ today, I was simply shocked by this "money printing machine"!Labubu's The Monsters series, 2024 annual revenue of more than 3 billion, and the first half of only 600 million, second only to Molly, but the second half of the wildly overtaken.Although there is absolutely no business, industry, technology attributes to compare the two, but the two share the underlying code of "super growth stocks": monopoly market segments, globalization and expansion, product iteration crushes the questioning, but there have been questions on the road to growth.Specifically two aspects:High valuation - high faith, the scarcity of the leading "pricing power" premiumNVDA: with AI arithmetic monopoly, the dynamic

The Fed's March FOMC focus:First, the economic forecast and dot plot.The market wants to know if officials are revising growth, inflation and unemployment up or down, and what changes in the number of rate cuts this year, which can judge the committee's stance preference.Currently, the market is pricing in the expectation of two rate cuts by the end of 2025, and it would be best for the market if it remained unchanged.The problem, however, is that the market's interpretation could be "negative" - an increase in the number of cuts could be perceived as heightening concerns about the economy; a decrease in the number of cuts could be seen as "hawkish", with fears of making theThe future of the economy worse, how to look at it is not favorable.The second is Powell's press conference.Investors

Last week's unusual volume selloff in $Apple(AAPL)$ is also now down to last July's levels.While there is some degree of skepticism about the reduction (liquidation) of positions by LO investors such as Warren Buffett $Berkshire Hathaway(BRK.B)$ this can only be verified in next quarter's 13F.Fundamentally several events affecting the medium term are enough to change investor expectations.Apple Intellegence delayMany of Siri's new features, such as analyzing screen content and controlling apps with precision, were shown off at WWDC, listing them as selling points for the iPhone 16 and putting them into a marketing push, but the features shown off were only "half-finished prototypes."However, the original

$Intel(INTC)$ announced Lip-Bu Tan to take over as the new CEO, the entire Chinese circle can not restrain the excitement, after all, $NVIDIA(NVDA)$ $Advanced Micro Devices(AMD)$ $Broadcom(AVGO)$ are now Chinese CEOs. Lip-Bu Tans background, qualifications, but also fully worthy of the current position, because he was previously a director of Intel, but because of the concept of different in August 24 resigned from the post.Why the market for think Lip-Bu Tan really can change Intel?The main reason for the board's resignation was dissatisfaction with the organization's structure and "conservative and outdated" corporate c