OUTLOOK FOR UBER
Financial services firm Wells Fargo named UBER $UBER stock one of its top picks for 2024.
Despite high marketing costs, it believes that revenue and EBITDA will be able to offset these costs. In addition, Wells Fargo believes that UBER has enough capital to buy 20% of its market capitalization over the next 3 years.
Greetings in the new year 2024 investors,
I'm honestly very curious to see how the stock markets will do this year, but also the mortgage and real estate markets and the overall macroeconomic segemnt.
But we also have cryptocurrencies that I would like to ask you if you are following them and how do you think bitcoin or ETH in particular will perform in 2024?
Let's all be green...
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🍀Only with BTC beware of sell-the-news, I'm not exactly a specialist but from what I've read there might be something to it. 🤷♂️
REDDIT IPO
2024
IPO date
15 billion USD
Potential valuation
Amount raised for IPO
Unknown at this time
Share price
Share price range not yet known
Reddit and IPO:
Reddit originally had a planned IPO in the spring of 2023.
IPO Plan Issues:
Poor results from other IPOs, high interest rates and resistance from investment giant Fidelity have complicated plans.
Reddit valuation:
Reddit was valued...
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So 2024 will be an interesting year in terms of IPOs. EpicGames and now Reddit. It's definitely going to be interesting and I'm looking forward to it.
BYTEDANCE SALES AND EXPECTATIONS FOR 2024
ByteDance 2023 Revenue:
ByteDance, the parent company of TikTok, has reported 2023 revenues in excess of $110 billion.
Growth over Tencent:
ByteDance has potentially surpassed its main competitor Tencent Holdings Ltd. in revenue.
E-commerce:
ByteDance's growth is linked to its success in e-commerce, even though the economy has declined.
Growth...
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IPO BY EPIC GAMES
Epic Games' IPO is expected to take place probably in 2024
Potential valuation
$30-32 billion
Amount raised for IPO
Not yet known.
Will you be interested in the IPO of this game development giant or will you just follow the development of this IPO?
I know this company and have used its services for gaming, so I have to say I'll be very interested in this IPO.
INFLATION IN THE CZECH REPUBLIC NEXT YEAR
Inflation in the Czech Republic next year:
Inflation in the Czech Republic is expected to fall next year, although it will fall short of the CNB's 2% target.
Impact of low price growth on wages:
Low consumer price growth is expected to lead to a recovery in real wage growth.
Economic recovery after the downturn:
This increase in wages could...
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What exactly does it mean that the labour market situation will remain tight?
NEW FUNDING FOR OPENAI
OpenAI funding talks.
- San Francisco-based OpenAI is reportedly in talks to raise a new round of funding.
- The company's valuation is estimated to be at least $100 billion.
Funding terms and timing:
- Funding terms and timing are still under discussion and subject to change.
Chip venture talks with G42:
- OpenAI is also reportedly in talks with Abu Dhabi...
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Oh, my goodness. The next award pretty much depends on how they stand up to the last version of gpt
THE DEVELOPMENT OF THE DOLLAR
Dollar above four-month low:
The dollar settled above a four-month low on Friday, while investors awaited the release of core US personal consumption expenditures (PCE) data.
Expectations of a rise in the core indicator:
The core PCE indicator was expected to rise 3.3% year-over-year, slightly less than the 3.5% increase in October.
Lower inflation...
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MORTGAGE RATES CONTINUE TO FALL (USA)
Mortgage rates fell to a six-month low, hitting their lowest level since June, when the average 30-year fixed-rate mortgage fell to 6.67% from 6.95% the previous week.
Personally, I'm curious to see what rates we'll be looking at in 2024.
PARAMOUNT $PARA AND WARNER BROS DISCOVERY $WBD AND THEIR POSSIBLE CONNECTION
US companies Warner Bros Discovery and Paramount Global are in talks about a merger, but its specific form has not yet been determined. Citing sources, foreign media reported the news on Wednesday, but the companies themselves have not commented. If they were to merge, two of the five major film studios...
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Microsoft Azure is gaining ground, but Amazon Web Services (AWS) from Amazon still maintains its leadership position in the cloud services ecosystem.
Analysts at Jefferies report that while Microsoft Azure is gaining momentum in the cloud services market, it still remains a second player behind Amazon Web Services (AWS). According to a survey of 40 US CIOs, both platforms were...
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IPO OF THE SHEIN COMPANY
In the first half of December, news emerged that Chinese digital fashion brand Shein had filed a confidential application with the US Securities and Exchange Commission with a view to going public, likely in early 2024. According to a report from Bloomberg, Shein is seeking a valuation of up to $90 billion, up from the approximately $66 billion it was...
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I'm very interested in this and I'll keep an eye on it, as all the girls I know only buy from Shein and talk about it all the time. I'll be interested in the IPO and the awards instead of the clothes.
ACQUISITION OF COLT-CZ AND NIPPON STEEL
Japanese steel company Nippon Steel today announced the acquisition of U.S. Steel. The agreed price is USD 55 per share, for a total of USD 14.9 billion.
Colt CZ announced this morning that it is buying Czech small caliber ammunition manufacturer Sellier & Bellot. It is acquiring a 100% stake. The seller is CBC Europe. Colt will pay partly...
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However, we don't know the details of the acquisition yet, or am I wrong? I wonder how many new shares are being issued. The dilution is pretty significant, although I like the acquisition strategy.
Uber is a great company with a great business, but the stock is currently expensive.