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Markets seem to slide back a little after a bigger relief rally yesterday. Short term weakness and volatility is still evident and overall share prices are still at a discount compared to a few months back.

$Sea(SE.US)

Context: Sea Ltd. on Tuesday reported higher profit in its third quarter with increased revenues. Further, the firm said its board of directors on Monday approved an additional $1.0 billion to its share repurchase authorization, without expiration. In the previous $1 billion program, the company so far has repurchased 11.1 million shares for an aggregate amount of $997.2 million. In its third quarter, the company's net earnings totalled $502.46 million, 34 percent higher than $374.99 million last year. Earnings per share grew 32.2 percent to $0.78 from prior year's $0.59. Adjusted EBITDA increased by 28.9 percent year-on-year to reach $931.3 million with strong growth in all segments. Shopee Adjusted EBITDA1 was US$269.2 million, up 44.7 percent year-on-year. The company's revenue for the period rose 43.4 percent to $8.582 billion from $5.986 billion last year. Shopee revenue was $6.1 billion, up 41.3 percent year-on-year. Gross orders totaled 4.5 billion for the quarter, increasing by 25.5 percent year-on-year.

My Trade: Was actually aiming for nearer to $70 as it fell briefly during pre-marker but now the stock is up. Is ok, I will be patient.

Takeaway: Shopee's revenue increase is actually heartening, especially with intent competition from TikTok Shop in the past year as well. @Captain's Treasure

The SG market is closed today so there's not much indicator on how our local stocks are going to perform following last Friday's US slight recovery. My guess for tomorrow would be sideways

$Sea(SE.US)

Context: E-commerce and gaming company Sea will be announcing earnings results tomorrow before market hours. Sea beat analysts’ revenue expectations last quarter, reporting revenues of $7.74 billion, up 44.5% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and solid growth in its users. It reported 68.1 million users, up 10.2% year on year. This quarter, the market is expecting Sea’s revenue to grow 31.4% year on year, slowing from the 40.7% increase it recorded in the same quarter last year. Looking at Sea’s peers in the online marketplace segment, some have already reported their Q3 results, giving us a hint as to what we can expect. EverQuote delivered year-on-year revenue growth of 25.4%, beating analysts’ expectations by 7.6%, and Etsy reported revenues up 10.9%, topping estimates by 3.8%. EverQuote traded up 19.9% following the results while Etsy was also up 4.5%.

My Trade: I will be looking closely at how Sea performs after exiting the trade a few months back. If it confirms a long term stronger growth, I'll be enticed.

Takeaway: Will the retail and e-commerce stocks rally slightly amidst a strong rotation out of AI and semiconductor stocks? That is what I will be monitoring. @Captain's Treasure

I think investing into almost anything now would be value-for-money as the steep broader sell off gives opportunities to buyers to enter at a lower price. Personally think it's a great time to invest in tech stocks, which were way more overpriced previously, at a discount rate too good to be true.

$AMD(AMD.US)

Context: AI and data center-linked stocks tumbled Thursday as Democrats’ sweeping midterm victory fueled concerns about potential hurdles to the industry’s rapid expansion. Multiple experts warned that some U.S. data center capacity scheduled to come online in 2028 could be at risk from construction pauses. Citi Research added to the anxiety when it flagged an "exponential" new threat to data centers as it tracked increasing pauses and cancellations on construction. Other headwinds piled on. China’s delay in approving imports of Nvidia’s H200 chips and a soft profit outlook from Qualcomm added pressure, while the Nasdaq fell 5.5%. CNN’s Fear & Greed Index dropped to a reading of 20, in the "Extreme Fear" zone, versus a prior reading of 34.

My Trade: Didn't expect the drop to be so deep and the fear to be so widespread so I entered a day too early. Despite that, I'm looking for strong reversal momentum to take profit afterwards.

Takeaway: Today's rebound is sort of expected as short sellers start to cover their positions. I'm not surprised if more slides continue next week before the prices stabilise. @Captain's Treasure

$Taiwan Semiconductor(TSM.US)

Context: Nvidia and Taiwan Semiconductor are two primary beneficiaries of the artificial intelligence boom driving the semiconductor industry. Nvidia dominates the graphics processing unit and inference markets while expanding into physical artificial intelligence applications. Taiwan Semiconductor maintains a 73% market share as a leading third-party chip manufacturer serving multiple major customers. The good part about TSMC is that it manufactures chips for multiple customers, including Apple, Sony, MediaTek, Broadcom, Marvell, and others. TSMC's broad customer base allows it to serve multiple AI-focused end markets, including smartphones, personal computers, robots, and data centers. So, TSMC seems better-positioned to capitalize on the semiconductor industry's long-term growth, which will be primarily fueled by AI. TSMC and Nvidia are closely matched on the valuation front as well. Also, we have seen that both companies are projected to achieve nearly identical earnings growth over the long run. So, investors can consider buying either of these semiconductor stocks to capitalize on the AI infrastructure boom. Both companies dominate their respective niches in chip designing and manufacturing, which is why they are likely to grow at solid rates in the long run.

My Trade: The temporary steep pullback is painful paper losses even for investors. However, I think this is great for long term accumulation.

Takeaway: Moreover, TSMC and Nvidia are attractively valued despite their healthy growth rates. The overall selling is overdone in my opinion. @Captain's Treasure

$AMD(AMD.US)

Context: AMD reported third-quarter revenue of $13.38 billion, beating analyst estimates of $13.09 billion. The chipmaker reported adjusted earnings of $2.09 per share for the quarter, beating estimates of $1.95 per share. "We delivered a record quarter with revenue exceeding the high end of our guidance as Data Center segment sales nearly doubled year-over-year," said Dr. Lisa Su, AMD chair and CEO. "Demand for our Instinct and EPYC products continued to strengthen, and we expect growth to accelerate further in the fourth quarter as we scale Helios and ‘Venice’ production." AMD expects fourth-quarter revenue of approximately $17 billion, plus or minus 3%, versus estimates of $16.23 billion. Fourth-quarter adjusted gross margin is expected to be approximately 55%, versus 56% in the third quarter.

My Trade: Sold AMD a long time back and sort of regretted it as it rose tremendously afterwards. Now waiting for it to fall back before buying again.

Takeaway: AMD is still poised to be one of, if not the strongest performing stock in its sector. One to watch for the next 3 years. @Captain's Treasure

Apple and Palantir beat their respective earnings, but the shares are still sliding which is not a huge surprise. Volatility remains high right before midterms results are out, while the overall weakness in tech sector remains the key for now.

$Palantir Tech(PLTR.US)

Context: Palantir Technologies reported better-than-expected financial results for the third quarter and raised its full-year revenue guidance. Palantir posted third-quarter revenue of $2.31 billion, beating analyst estimates of $2.18 billion. The AI software company reported adjusted earnings of 44 cents per share for the quarter, beating estimates of 41 cents per share. "The Sovereign AI movement is imposing the most dramatic dichotomy between haves and have-nots that I have witnessed in 30 years of business. Every institution — government and commercial — is rapidly being forced, voluntarily or not, into one of these two categories," said Alex Karp, co-founder and CEO of Palantir. Palantir expects fourth-quarter revenue to be in the range of $2.649 billion to $2.653 billion, versus estimates of $2.46 billion. The company raised its full-year 2026 revenue guidance from a range of $8.15 billion to $8.16 billion to a new range of $8.53 billion to $8.534 billion versus estimates of $8.20 billion.

My Trade: No hurry to buy the dip because I know how much more it could potentially drop. I'll monitor and see.

Takeaway: Part of the reason for the dip is also due to the reevaluation of tech shares following the recent widespread fear that AI is going to slow down. Moreover, US midterm results are also going to be out tomorrow so the volatility remains high for now. @Captain's Treasure

SG banks fell by as much as 2% to 3% today as lower expected wealth management fees could lower banks' profits in the upcoming months. However, I personally think the drop is an overreaction

$Apple(AAPL.US)

Context: The market expects Apple's Q4 revenue to reach approximately $113.4 billion, up about 10.7% YoY, with earnings per share projected at $1.99, an increase of 7.6% YoY. The company has beaten market expectations for earnings per share in each of the past eight quarters. Therefore, investors are focusing not only on whether it can deliver another earnings beat, but also on whether revenue growth, product demand, and holiday shopping season guidance can support its current valuation. The iPhone remains the core business driving earnings performance. Analysts estimate iPhone revenue at around $56.6 billion, up roughly 15% year-over-year. Although growth in the global smartphone market has slowed, Apple has maintained a stable market share in the premium segment, with user upgrade demand continuing to support sales. However, the delayed launch of the base model iPhone 18 led to weaker shipment performance in September, which could limit further upside for hardware revenue beyond expectations. The Services segment is a crucial source of profit growth for Apple. The market expects quarterly revenue for this division to reach approximately $31.7 billion, with a gross margin exceeding 75%, significantly higher than that of the hardware business.

My Trade: If earnings disappoint and the stock drops below $300 (although that seems unlikely), I might look to add.

Takeaway: Investors will also keep a close eye on supply chain and cost pressures. Apple previously projected total fourth-quarter revenue growth of 9% to 11%, but warned that supply constraints on advanced node chips could affect shipments of the iPhone, Mac, and iPad. Rising memory chip prices present another potential risk; if DRAM and NAND costs continue to climb, the company may need to adjust its product mix or raise selling prices to maintain profit margins. @Captain's Treasure

I'm looking forward to both Apple and Palantir earnings next week. Hopefully they can deliver some positive news after some major misses for tech companies this week.

$Amazon(AMZN.US)

Context: Amazon ran a more profitable business last quarter than Wall Street expected, though earnings per share still fell short. The difference between the two results traces back to one line on the income statement: interest. The company’s operating profit beat forecasts by about $1.8 billion. Even so, EPS landed at $1.89, below the $1.96 analysts had penciled in. A 7-cent miss in a quarter where the core business outperformed calls for a closer look below the operating line. Amazon paid $1.69 billion in interest during the third quarter, according to its earnings release. A year earlier, the figure was $538 million. Interest income also rose modestly to $1.19 billion from $1.1 billion. The match suggests the business itself held up. Amazon generated more operating profit than forecast, then sent a larger slice of it to lenders before anything reached shareholders. Interest sits below operating income on the income statement, so a beat at the operating line can vanish by the time results reach the bottom line. Long-term debt climbed from $65.6 billion in December to $173.1 billion at the end of September, per the same release. Debt more than doubled in nine months. Much of the money is going toward AI data centers, which Amazon views as essential to meeting demand at AWS.

My Trade: Previously sold off my Amazon shares as I wanted to lock in the profits first after waiting for a year of slow stagnant growth. Now I'm looking at a re-entry below $220.

Takeaway: Amazon has tried to cap the near-term buildup. In July, the company said it would not borrow again in 2026. The pledge accompanied a large bond sale tied to AI spending. However, this could also mean that a bigger budget for 2027 would be on the cards. @Captain's Treasure

I'm buying into Google's dips, the upside is way higher although I have to admit that Microsoft's earnings are more impressive. Despite that, I believe both companies are great for long term compounding

$Alphabet(GOOGL.US)

Context: Q3 disappointed, with ad growth, Cloud growth, and Services margin all missing buyside expectations. For a name already battling a tougher narrative, this print is likely to keep a lid on valuation via weaker sentiment. Search ad growth was 12% in Q3, a clear QoQ decel. In a heavy AI investment phase, with margins and FCF under pressure, a slowdown in the core franchise is the most damaging outcome for GOOGL and lends credence to the AI erosion narrative. Group operating margin fell 50bps QoQ in Q3, driven by higher D&A and R&D, pointing to compute infra build-out and foundation model training. By segment, Google Services margin fell 100bps QoQ, while Cloud margin improved.

My Trade: I'm trying to purchase at below $280 but it seems rather unlikely tonight. No worries, I don't think the selling pressure will subside anytime soon.

Takeaway: Capex was 51.4 bn in Q3, doubling YoY and still accelerating, reaching 40% of revenue. This drove FCF deeper into negative territory at 9.1 bn. Business still looks solid, but the main issue for investors this year is the continued Capex increment and negative cash flow. @Captain's Treasure

Reits are falling back once more arising back slightly at the end of last week. Fed's stance will probably affect the share price as well after their meeting later