To The Moon

$Rivian Automotive, Inc.(RIVN)$ has been downgraded by analysts over its disappointing business outlook, as the EV maker is heavily reliant on its investor and sponsor Amazon that has fallen short of its orders in its plan to electrify its delivery fleet. The EV startup has so far not yet been able to generate sufficient operating cash flows, so that it has to continue depleting its cash reserves to sustain operations. However, with just under $8 billion cash balance today, it is projected that Rivian has only sufficient cash to last through another 3 years at most. Meanwhile, its Tesla-wannabe peer $Faraday Future Intelligent Electric Inc.(FFIE)$

$SATS LTD.(S58.SI)$ SATS - I think 4th quarter most probably also likely profitable and hopefully cum Final dividend payout that would certainly bring back market confidence and boost the price higher! Do take note! Jeep a bit today at 2.50 for their turning around success in making the company profitable and declaring Final dividend! Pls dyodd. SATS - Wow! 3rd quarter results swing back into profit with 38.1m PATMI. SATS 3QFY2024 earnings improve by 41.9% q-o-q to $31.5 mil. Q on Q basis, revenue increase 6.3 percent to 1.4b. Awesome! I think good improvement in the company financial results boosted by strong seasonal demand. Finally, we can see lights at the end of the tunnel!. 3rd quarter Editda increased 18.3%. Cash Flow i

Brewing storm in the horizon? $Apple(AAPL)$ , $Meta Platforms, Inc.(META)$ and $Alphabet(GOOG)$ are rumoured to be investigated for potential violations of the European Union's Digital Markets Act (DMA). This could lead to hefty fines by end 2024, according to people with direct knowledge of the matter. The European Commission will likely announce the investigations soon and issue decisions before EU antitrust chief Margrethe Vestager's term ends in November 2024. Ironically, the Commission declined to comment. Neither did Apple, Meta and Google (immediately) respond to requests for comment. What have taken place so far? In a recent interview with Reuters, Ms Ves

Public Holidays This is a short week with Singapore, the USA, and Hong Kong celebrating Good Friday on 29 March 2024. Here is wishing all Christians a blessed Good Friday. The Significance of Good Friday and Easter in Christian Tradition Economic Calendar (25 Mar 2024) Notable Highlights Core PCE would be the most watched macro data for the coming week. This is the main indicator news by the Federal Reserve to understand inflation in the economy. Should the PCE index outcome be unexpected, this should lead to some volatility in the market. New home sales is a good reference pertaining to the real estate industry. CB Consumer Confidence and durable good orders will share insight into the sentiments of consumers in the US economy. Chicago PMI will be a good indicator of the manufacturing sec

Finally. After approximately 2 years and 3 months, Bitcoin finally recovered its lost grounds. On 14 Mar 2024, it even broke through it past peak and conquered a new high, touching $72,227. It has since come off its new peak - still at a enviable $66 466.30 per bitcoin, as of 22 Mar 2024 3:00pm Singapore time. Two questions on my mind really: Will Bitcoin remain elevated at this price range or will it scale even higher come April’s halving exercise? Are companies holding Bitcoin at an advantage or at risk? It’s a mistake ! All along I had assumed that only Tesla have benefitted from Bitcoin. It was only until I researched on this topic that I realized my oversight. (see below) Bitcoin - world’s largest corporate holders. Above are top publicly traded companies that hold the most Bitcoins.

Last Session The $NASDAQ(.IXIC)$ achieved another record close, albeit with minimal gains of just 0.16%, while the Dow Jones Industrial Average declined by 0.8%, and the $S&P 500(.SPX)$ fell by 0.1%. Trading activity was notably subdued, with the lowest volume observed since November across major exchanges. Low vol The muted performance was attributed to the absence of significant economic data and earnings reports… Key Events of the Session Record Highs and Low Volume: The Nasdaq's record close contrasted with the declining performance of other major indexes, underscoring the disparity in market activity. Despite limited gains, the Nasdaq's achievement highlights continued bullish sentiment in the t

The initial public offering (IPO) of Reddit has drawn attention to IPO ETFs.The "American subreddit" Reddit made its debut on the New York Stock Exchange under the ticker symbol "RDDT". The stock was initially priced at $34 per share, but opened at $47 on its first day of trading, marking a 38.2% increase.By the close of trading, Reddit's stock soared by 48% on its first day, marking the first IPO for a social media company since Pinterest's debut in 2019. Reddit's performance upon listing will serve as a significant window into observing the state of the IPO market's recovery within the tech industry.What are IPO ETFs?IPO ETFs are exchange-traded funds primarily invested in stocks of companies that have recently gone public through an IPO. These ETFs provide investors with diversified por

Brewing storm in the horizon? $Apple(AAPL)$ , $Meta Platforms, Inc.(META)$ and $Alphabet(GOOG)$ are rumoured to be investigated for potential violations of the European Union's Digital Markets Act (DMA). This could lead to hefty fines by end 2024, according to people with direct knowledge of the matter. The European Commission will likely announce the investigations soon and issue decisions before EU antitrust chief Margrethe Vestager's term ends in November 2024. Ironically, the Commission declined to comment. Neither did Apple, Meta and Google (immediately) respond to requests for comment. What have taken place so far? In a recent interview with Reuters, Ms Ves

Public Holidays This is a short week with Singapore, the USA, and Hong Kong celebrating Good Friday on 29 March 2024. Here is wishing all Christians a blessed Good Friday. The Significance of Good Friday and Easter in Christian Tradition Economic Calendar (25 Mar 2024) Notable Highlights Core PCE would be the most watched macro data for the coming week. This is the main indicator news by the Federal Reserve to understand inflation in the economy. Should the PCE index outcome be unexpected, this should lead to some volatility in the market. New home sales is a good reference pertaining to the real estate industry. CB Consumer Confidence and durable good orders will share insight into the sentiments of consumers in the US economy. Chicago PMI will be a good indicator of the manufacturing sec