dilchahtahai

Tuesday, January 24, 2023

WEEK 1 2023 Important Financial News

January 4 2023:

Rivian Says Produced 10,020 Vehicles In Q4 2022
GM GENERAL MOTORS TO ADD 5,000 JOBS IN NORTHERN MEXICO
MSFT Microsoft And OpenAI Working On ChatGPT-Powered Bing In Challenge To Google
Chinese regulators have said e-commerce giant Alibaba’s (BABA) finance affiliate Ant Group can raise $1.5B for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure.
CRM Salesforce Inc - On January 4, 2023, Announced A Restructuring Plan salesforce Inc - Estimates That It Will Incur Approximately $1.4 BLN To $2.1 BLN In Charges In Connection With Plan- PLAN INCLUDES A REDUCTION OF CURRENT WORKFORCE BY ABOUT 10%
BMW More Than Doubles Fully-Electric Vehicle Sales In 2022
MSFT Microsoft to invest in autonomous trucking startup Gatik
Qualcomm launches auto chip to handle both assisted driving and entertainment

January 5 2023:

US WEEKLY JOBLESS CLAIMS AT 204,000 LAST WEEK; EST. 225,000
ADP RESEARCH INSTITUTE SAYS U.S. ADDED 235,000 JOBS IN DEC.
TSLA Tesla Dec China sales 55,796 units vs 100,291 units in Nov.
US Mortgage demand slumps 13% as home-loan rates turned higher at the end of a tough 2022
U.S. auto sales totaled 13.7 million vehicles in 2022, the lowest figure since 2011 and an 8% decrease from the prior year
AMZN Amazon to Lay Off Over 17,000 Workers,
T-Mobile Delivers Record Customer Growth, Adding an Expected Industry-Best 6.4 Million Postpaid Customers and 2.0 Million Broadband Customers in 2022
Shanghai Disneyland Increasing Ticket Prices Beginning in June 2023

January 6 2023:

US DEC. AVERAGE HOURLY EARNINGS RISE 0.3% M/M; EST. 0.4%
US DEC. PAYROLLS INCREASE 223,000; EST. 203,000
LUV SOUTHWEST AIRLINES CO - EXPECTS TO REPORT A NET LOSS IN Q4 2022
LMT Lockheed Martin secures $139.7M contract and $130.7M modification contract for US Navy
RTX Raytheon bags $208.7M Naval Sea Systems contract
TESLA MOTORS JAPAN TO CUT PRICES OF MODEL 3, MODEL Y BY AS MUCH AS 9.9%
ChargePoint and Mercedes-Benz enhance driver experience with fast charging network in North America
COST: today reported net sales of $23.80 billion for the retail month of December, the five weeks ended January 1, 2023, an increase of 7.0 percent from $22.24 billion last year.
Iridium, Qualcomm Collaborate to Support Satellite Messaging
Buffett-Backed BYD Trounces Tesla as China Reopens; BYD new-energy vehicle deliveries surpassed Tesla’s in 2022
Salesforce Inc. division Tableau was hit harder than other units in the company’s largest-ever round of jobs cuts this week.

WEEK 1 2023

Saturday, December 10, 2022

Robinhood Portfolio Recurring Buying list update

My set up in one of the Robinhood Accounts for fraction stocks. I buy 5$ each day in my top 20 stocks, 3$ in 30 other stocks, 2$ in next 30 stocks, 1$ in left over 60 stocks (Total of 140 Stocks) and 10 ETF's (another 35$ daily) ...Total comes around $345 on daily basis...(252 Trading days) so 345*252 = $86,940 each year. Planning to do this for 10 years (doing it since last 2, 8 more to go). I change stocks in this set up may be 3 times a year...For someone who wants to build an investment portfolio from the scratch...

Thursday, November 10, 2022

Relief Rally

If you look at YearoverYear inflation data, then we have a Down Trend from June.

9.05% in June, 8.52% in July, 8.26% in August, 8.19% in Sep and 7.74% in Oct. 4 months in a row, inflation % has went down.

If you look at MonthoverMonth data: Inflation was down from June high to July and August, but in Sep it rise 0.21% and Oct it rise 0.40%, so people can pick the data based on their bias. This seems like a relief rally, Fed will still raise rate in December (25, 50 or 75) to be decided based on other data.
Indexes are going to remain range bound, but individual stocks (based on the latest earnings they have posted), will outperform. We are still in the bear market.

Wednesday, November 2, 2022

FED RATE HIKE/CUT MOVEMENT EXPECTATION

Fed Movement Expectation: IMHO

Raise rate 75 basis point in Nov 22 (from 3.00 to 3.75).
Raise rate 50 basis point in Dec 22 (from 3.75 to 4.25).
Raise rate 25 basis point in Feb 23 (from 4.25 to 4.50).

Complete QT by June 2023.

Cut rate of 25 basis point in Sep 23 (rate from 4.50 to 4.25)
Cut rate of 25 basis point in Nov 23 (rate from 4.25 to 4.00)

This is inline with Jackson Hole comment that rates are going to be 4% by end of 2023.

Tuesday, November 1, 2022

Random Thought

The most difficult task to master is "Unlearning what you have learned". It will take years, if not months, when people realize, "Tech Trade" is gone and "Value is here to stay"...Smart money that has moved to "Energy, Financials, Pharma, Health Insurance, Utility, Other Insurance companies (such as Progressive) etc" is not going to come out , Sure some "Tech" will work - but new decade will have new leaders. Good to "Trade" some of these tech stocks, but it might be years, before they go back to their Glory days - some may not even make it...It is a hard task to master to differentiate between , "TRADING" vs "INVESTING" mentality...