/biz/ - Business & Finance

>>57474383
That is too high for China considering their utter lack of transparency. If you are so concerned about "fair value" and PE, you should go to Europe. Plenty of quality stocks that are trading at very very low multiples, have consistent and good growth, and consistently increase divvies. I can provide examples if you'd like. China is just fugged. Naturally I might be wrong and some stocks could be diamonds in the rough but it's China

>>57337203
I raise a question in turn... why should the music stop? Assuming we see continued growth in tech or if they beat expectations (which they fuckin will because expectations are fully rigged), there is no reason for US tech to dip. It is literally outclassing the rest of the world by such a huge margin that it's not even funny.

I can understand NVDA, MSFT, Broadcom, and similar since they are truly world class and not even overpriced. But fuckin MU and AMD? Imagine if NVDA was to trade at PE of AMD? NVDA would be trading at like 5000 bucks per share. Don't even get me started when it comes to MU. That one just pisses me off

>>57241962
All big US tech is gonna gigapooomp. Doesn't matter if you are in Broadcom, Intel, AMD, or even ASML. You are just fine

>>56962513
Jobs data is a weird one since there are many ways to manipulate that particular data. Also check out shadowstats and their data for unemployment. Suddenly doesn't look all that positive now does it?
Remember
>The only statistics you can trust are those you falsified yourself
>>56962700
If the deal with MSFT and others proves to be reliable and revenue-generating, then AMD is easily worth $200+ since the market is pricing in the future P/E which is significantly lower. That i assuming they can turn that into actual net profit. AMD has been bleeding cash for a long time so who knows?
It's all about growth and potential growth and future growth... not the current P/E

>>56911724
Still, those numbers seem way too high. Bidenomics are working, r-r-right?

>>56858573
The president is of no consequence. We all know that. The president is a just a figure head. Whether it's Trump, Biden, Bush, or anyone else... they don't really matter.
The truth is that the US handled inflation the best out of all countries on this planet. No panic, relatively good wage increases, rates are still low, even the service inflation has decreased (which was unexpected)... and they used all that to their advantage and fully funneled cash into areas that matter: construction, manufacturing, tech.
Good

>>56667731
Yepp. Food inflation of 30% over 1.5-2y period. I live in Sweden and we have pretty much the same issues. Also a food inflation of 30% over a 2y period. Transportation is ridiculous. 9-10 bucks to drive 30km by buss and back. 9-10 bucks WTF.
After all this supposed "tightening" and there's still 6,5% inflation y/y and that's compared to PEAK inflation of 12%. The banks were hoping that the y/y comparison effect would slow down the inflation more but here we are. Far above the target and already everyone is talking about pausing and cutting by next year.
That's the thing. The last 12 years we have had near 0 or below 0% intererest rates and everyone has gotten too fuckin greedy. We raised the rates globally to 4-5% which is bloody nothing and people are screeching bloody murder.
This whole inflation thing has been ridiculous from the start but it's actually getting worse and worse

Damn, commodity-sissies just can't catch a break. Oil rigs are down yet it just keeps dropping. Copper is officially dead. Gold just keeps going around in circles. What is even left for them? Just hold and get those 4% divvies every year? Wow, great
Hmmm, except for steel. Steel is going great and the demand is still very high (infrastructure is being built like crazy). Bidenomics for the win eh?

>>56571075
The y/y also came much lower than expected. The European industry is slowing down a bit but still overall strong as evident by the large caps presenting insane profits and earnings.
Let's see if the downtrend continues next year as rates are held steady and consumption actually starts decreasing.

>Data analytics
I'm supposing that means Python (and all of its libraries for data analysis like Pandas, Sci-kit, Tensorflow for AI, and so on), maybe MATLAB or R, various graphing software, and understanding of machine learning algorithms and data visualization.
Download a bunch of Udemy courses, do those projects, and put them on your github. Link to it in your resume.
Data visualization and machine learning and you are all set for a comfy government job or a job in the bank, no?
Even in my shithole of a country (Scandi-poor), such skills are very valuable and in high demand. The demand must be even greater in the US, no? And with all these supposed created jobs and a hot economy, shouldn't be a problem to find a job, r-r-right?

>>56550048
Japan is a weird country. Assuming they were to spend their savings and start consooming like the USA, they would pretty much instantly become a rival to the US. That's crazy. Unfortunately, that country is wholly mismanaged by both the politicians and the central bank

>>56525013
Meh, delinquency rate is still extremely low >>56525049
(understandable bc of free money and ZIRP policy). Normies have been able to cash in extremely good wages and are now in possession of substantial financial buffers.
Plus, wage growth is very good in the US. Also, the number of full-time jobs has decreased substantially but the number of part time jobs and the number of people working TWO or more jobs has also gone up pretty bigly.

Understand that rates have pretty much no impact on normies or their spending. They locked in their mortgages a long time ago or during times of low rates (during ZIRP during Covid perhaps ;---))
That plus wage growth can easily offset any inflationary cost growth as we keep seeing. Retail is extremely strong, consumerism is basically hovering near ATH, and people are going to restaurants are traveling like it's no problem.
Rates have an extremely lagging effect so we won't see the effects of them until 2024-2025.
>>56525044
Very cute and based.
>>56525050
>I fapped
Oh snap it's NoFapvember or whatever the normies at my job call it. Goddamn it's leg day today... it's not looking good boys

>>56452941
M8, when these companies make such big business moves, there is always something in the background that we are not privy to. Don't worry about it too much.

On another note
>US composite index above 50
And people were saying last year how the economy would get completely shafted. Sure, the economy has slowed down a bit and some useless people have gotten fired and are now working multiple part time jobs but so what? Earnings are great and this season is typically extremely strong... I wouldn't want to be a bobo this week as Amazon and META absolutely demolish expectations

That's it. As I said in the previous thread, I am going all in tomorrow since Netflix beat. Consoomers are giga strong, the job market is strong, rates don't matter, mortgages don't matter, price gouging doesn't matter... just consooom.
Well, this drop in the indices also kind of warrants a nice buy so it's perfect. Fuck Netflix btw

>>56377663
People will just pick up several part time crappy jobs and will be happy. Better deal with it, son

To all the USbros here, have you considered working in the EU? Netherlands, Belgium, Scandinavia, and so on offer pretty good jobs for English speaking individuals. I can't German yet I've landed a job in Belgium and later in Netherlands in battery research and I had only a "lab assistant" position in my CV.
Coding is still very much in demand in Europe as well and it ain't as oversaturated as in the US from what I hear. The pay is worse though.

>Yields still low
>DXY doing nothing
>Gold/silver/oil mooning
>Stocks already recovered from yesterday's pathetic dump
What the hell even is the bobo thesis anymore? That little dump yesterday was enough to price in another 25 bps hike. Not even worse CPI could get the dollar above 107. Oil is still cheap. Copper is dead. Job market strong and profits are still insane (due to part time jobs overtaking the market).
No seriously, what is the bobo thesis now?

>>56346576
Oh yes I know that feel. Hell, I've done internships where I performed the same work as everyone else but got nothing in terms of payment (experience is gold right?). The company profited off of my work since we managed to publish a few papers and got some collaborations with other companies. I got squat. I hate Sweden.
>>56346579
Oh absolutely. I think the market also understood that, which is why small caps have been very much underperforming for a long time now. Mega caps with unlimited cash and priority loans (and long maturity loans) are the preferred way to go.

Pic related sparked a massive pump... that and a trading bottom, bears unwinding, and yields immediately dropping. Some major indices in Europe are fuckin +3% which is crazy. This market has been in a craze ever since the Covid liquidity pump. Just look at M2... jesus christ. Nah, just buy index funds containing the mega caps and you will outperform for ages to come

>>56331180
First of all we formed a technical trading bottom last week so obviously it would go up. Secondly, war is bullish and yields have dropped. DXY is no longer so insanely bullish. People work more but are getting paid less which is obviously bullish.
Fuckin look at Pepsi which once again beat estimates and increased revenue y/y. People are consooming at record pace, the housing market is resilient, and so is the job market. Sure we have lost full time jobs in the tech sector but that counterbalanced by a much stronger service sector which is keeping the backbone of the economy strong.
Price gouging is also very much alive and that is also insanely bullish.
The FED and ECB have both pretty much reached the peak of rates. Most debt of large companies are tied to very low rates and they won't have to re-finance for a very long time (they also get preferential treatments...).
Company profits have largely been unaffected so they keep hovering at ATH

So why exactly should the market not be at ATH right now?

>>56323178
Was it though? Companies are offering more part timers to decrease their spending on normies while full time actual jobs are getting cut.

>>56321051
Right? I will laugh my ass off as we pump good +5% this week on weak CPI and the fact that this "invasion" is in fact extremely bullish. Just fuckin watch the markets pump this week, it's gonna be glorious.
Interesting that copper is up. Almost as if these little events were bullish for the industry

>>56319136
Lol. Found the Biden shill.
What a suprise after all the nonsense you said in this thread.
Pic related is Bidenomics.

Yet another win for Bidenomics, bros. Damn the economy has gotten strong. Normies are so flush with cash that even retail has managed to remain strong despite "high" rates. Restaurants and entertainment is also close to ATH. Salaries are hugely up and industrial output is also quite good. I have no idea what people here are bearish about.
Repeat after me: Bidenomics achieved soft landing.