Category: Investing
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Xiaomi SU7 Ultra prototype achieves lap record for 4 door car at Nurburgring Nordschleife, 6’46″874
Xiaomi’s SU7 Ultra completed a record for 4 door car at the Nurburgring Nordschleife track, finished at 6’46″874 on October 28, 2024. British professional driver David Pittard drove the SU7 Ultra. His Wikipedia profile said he competes in the Nurburgring Endurance Series and was part of the Frikadelli Racing Team that won the 2023 24…
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Robinhood Q3 2024 earnings report, revenue up 36% yoy to $637M, net income $150M and acquisition of TradePMR
Robinhood on November 19, 2024 announced the acquisition of TradePMR. TradePMR is a portfolio management platform for Registered Investment Advisors (RIAs). They have 25 years of experience and have over $40B in assets under administration. With this $300M acquisition, Robinhood expands their offering for financial advisors to their customers. https://www.tradepmr.com/home Robinhood presented their Q3 2024…
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How ordinary people can invest in private companies like SpaceX, OpenAI and Discord
Private companies are generally not accessible to the general public. This is because the private company may be in start up phase or a mature business going to large restructuring. These companies can fail and wipe out the investors. With high risk however also comes with high reward if the private company becomes successful and…
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Tesla We Robot event unveiled Cybercab and Robovan
October 10, 2024, Tesla unveil its robotaxi called the Cybercab. The driverless vehicle is expected to cost $30k. Since this is not a firm order, price is only an estimate and could be higher. A recent example is Cybertruck which was introduced at $50k but as of today only the Foundation series is on sale…
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High Yield Savings and Checking accounts
August 25, 2024 Mobile apps and technology have created a new kind of online bank that offer higher yields. For common banking needs, a visit to the branch office isn’t necessary. These online only banks do not operate expensive branch offices and they can pass on these savings to customers in the form of higher…
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Zoom Fiscal Q2 2025 Revenue $1.162 billion, GAAP Net Income $219 million
August 22, 2024 Zoom fiscal Q2 2025 revenue hit $1.162 billion and GAAP net income $219 million. Net income grew yoy from $182 million in fiscal year 2024. Total cash and marketable securities at end of quarter hit $7.5 billion. This quarter brought in net cash of $449 million. Zoom now has 3,933 customers >…
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Apple calendar Q1 2024 (Q2 FY2024) $90.8B revenue, Net income $23.6B, EPS $1.53
Apple announced its calendar Q1 2024 ending March 2024 earnings. They generated $90.8B revenue, $23.B net income and $1.53 EPS. https://www.apple.com/newsroom/2024/05/apple-reports-second-quarter-results https://www.apple.com/newsroom/pdfs/fy2024-q2/FY24_Q2_Consolidated_Financial_Statements.pdf Earnings call transcript: https://seekingalpha.com/article/4688870-apple-inc-aapl-q2-2024-earnings-call-transcript Apple increased its dividend 4% to $.25 and increase share buyback up to $110B and signaled their confidence in the business going forward. They based that optimism on customer…
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Federal Reserve holds interest rate and on average project rate cuts in 2024 in 12/13/2023 annoucement
In the December 13th 2023 2pm EST press release, the Federal Reserve announced it will hold the Federal Fund interest rate between 5.25 to 5.50% unchanged. The Federal Reserve members on average anticipate a few rates cuts in 2024 according to their projections published at: https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20231213.pdf Rate cut benefits stocks as it become more favorable…
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How to not miss strong days: invest for long term. Tesla finished +18.36 +7.69% at $257.18
On August 29, 2023, Tesla finished the regular trading at $257.18, up +18.36 or +7.69% from the previous day on heavy volume of 134,047,603 shares. There was no significant Tesla specific news to account for this big jump. The one news related to Tesla came in the day before where Tim Zaman who works at…
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Companies make better products at lower prices to get the largest total addressable market (TAM)
Lex’s Episode 386 podcast interviewed Marc Andreessen, co-creator of Netscape (https://lexfridman.com/marc-andreessen/) and one of the topics discussed is why capitalism is good. Marc reasoned that the largest addressable market TAM for any product is if everyone can afford it and want to use it. For that to happen the price point of the product would…
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April 2023 jobs report shows jobs market still hot adding 253,000 jobs and 3.4% unemployment
The US labor report for April 2023 released 8:30am ET showed US economy added 253,000 jobs and employment rate is at 3.4%. The number of unemployed population is 5.7 million. The unemployment rate in March 2023 was 3.5%. In February 2020 unemployment rate was 3.5% right before the pandemic. This is a sign that things…
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Highlights from Tesla Q1 2023 earnings report, earning $2.5B -24% YoY and revenue $23.3B 24% YoY.
Tesla revenue is up 24% YoY reaching $23.3B for Q1 2023. Due the large price reductions on Model 3 and Y needed to increase demand, GAAP net income dropped -24% to $2.5B. Tesla is strategically choosing to sacrifice profit margin to keep production at full capacity. They believe over the lifetime of the vehicle, they…
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March 2023 inflation rises .1% and 5% year ago.
Inflation rate of change has declined. It rose just .1% for March. In February it was .4% and January was .5%. It is trending in a good way. Shelter is biggest inflation contributor and rising .6%. Energy declined by 3.5% for the month. Food fell slightly by .3%. Without food and energy, inflation rose .4%.…
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Federal Reserve raised interest rate to 4.75% to 5% in March 2023 meeting
Federal Reserve continue to see inflation elevated. Their target is 2% to reach price stability. Their believe is w/o price stability businesses will not function. To fight inflation, the committee raised interest rates .25% percent to a range of 4.75% to 5.0%. With the banking closure of SVB and weakening banking sector from deposits moving…
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February 2023 CPI rose .4% to 6.0%
Source: https://www.bls.gov/news.release/cpi.nr0.htm Consumer Price Index (CPI) Inflation is 6% compared to 12 months ago. A chart from U.S. Bureau of Labor Statistics shows 2022 had elevated inflation as compared to the last 20 years. Good news is inflation is trending lower. https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm January CPI 6.4%. December 2022 6.5% November 2022 7.1% October 2022 7.7% September…
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Silicon Valley Bank collapsed – caused by bank run and rising interest rate
FDIC will fully protect all depositors in Silicon Valley Bank. Secretary of Treasury Janel Yello, Federal Reserve Board Chair Jerome Powell and FDIC Chairman Martin Gruenberg released a joint statement in support of Silicon Valley Bank customers on March 12, 2023. https://home.treasury.gov/news/press-releases/jy1337 They made the move to restore confidence in the banking system and avoid…
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US Added 311,000 jobs in February 2023
Jobs market remain strong and grew 311,000 jobs according to Labor Department’s March 10, 2023 report. Unemployment rate is 3.6% Full report at: https://www.bls.gov/news.release/empsit.nr0.htm Most of the increase is from leisure and hospitality. High tech, warehouse and transportation declined. This matches what’s happening with the tech lay-off announcements from high tech companies. After Covid reopening…
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Fed Chair Powell testifies before Senate – rates need to be higher
In the March 2023 Congress testimony, Fed Chair Powell said based on rising inflation data and high jobs growth data, interest rate needs to go higher. Inflation is running at 5.4% and is too far from the 2% target. More interest rate hike will be needed to stop inflation. Powell says inflation has a psychological…
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January 2023 jobs report shows strong increase and unemployment lowers to 3.4%
January jobs reports showed nonfarm payroll employment / jobs increased by 517,000. With this increase, the unemployment rate goes down to 3.4%. It’s a stunning increase from the December number of 223k. The Federal Reserve has been trying to cool down the jobs market. Reason is a heated job market produces wage inflation as employers…
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FOMC announced .25% interest hike February 1, 2023.
In its February 1, 2023 press release, the Federal Open Market Committee (FOMC) recognized that inflation has eased. With the goal of getting inflation to 2%, the FOMC announced the federal funds rate will be raised from 4.50% to 4.75%. The magnitude of the increase is what Wall St. expected and the news was positively…