韩国Elice IPO首日暴跌32%；通用汽车下调盈利预期

This is a shares of the South Korean data center infrastructure company. Ellis uh, plunging in the trading debut this morning overseas. And this of course as I say weighing on tech stocks. Overall, this is the worst ever opening day for a sizable Korean initial public offering, according to data compiled by Bloomberg. So the shares of finished the day with a 32% loss. Can you imagine investing in an IPO getting hammered like this?

Um, this again revived concerns over the NIO clouds. Um, everybody asked me what's in Nio Cloud. They rent out the high performance, uh, hardware, the, uh, the GPUs. People ask you that at the Jersey shore. What's all this at once? Yeah. I'm like, okay, whatever. Uh, you have to come to me for this. Um. Backed by venture capital firms, Alice plan to use its IPO proceeds to build more AI data centers. Of course, it's reviving concerns over the NIO clouds, like, uh, Livingston based, uh, new Jersey core wave, uh, core.

We've actually the shares, I think the, uh, the bonds for core, we've we're up to something like 16%. Yeah. I think if they come down, they come back just a little bit. I looked at this one. Okay, let's move on. Next. General Motors. Uh, and I got to say, when you look at this, I walk away from this and say, this is one of those K shaped economy stories, even General Motors. They've narrowed the full year profit forecast.

Other they are going to buy back another 20 billion in stocks. Uh, so they do have strong cash flows. Uh, sales are softening though. They raised the low and and cut the high end of the previous profit. Uh, out. Okay. Now, on one hand, you have a relatively steady income from the high margin trucks and SUVs. And at the same time, there's a decline in the company's overall delivery volumes in the U.S.. You have, uh, higher fuel prices, rising interest rates, weighing on sales of the cheaper models.

But affluent customers apparently showing few signs of trading down for the the biggest and priciest vehicles there. Uh, Michael Ward over Citigroup just published their share count chart. They're doing an apple. They are religiously taking free cash flow and buying back stock. I'm like literally that's an Apple equivalent. $20 billion is 30% of the current market cap. So that's meaningful. Oh, wow. That was you know, folks, I can't emphasize that.

Well, I talk about this. I'm with Paul. Where are the dividends? But at the same time it's ginormous use of free cash flow. And they're going to launch all new versions of these big suckers, the Chevy Silverado and the GMC Sierra pickups later this year. Uh, they're going to expand a production of the trucks and also build more of them powered with a premium. Yeah. Now you're not giving up the HD two, right? You're not going to.

It's not like one minute. Go. All right. Uh, world's largest maker of jet engines, general electric raising the full year outlook. Uh, of course, you know, they do business as GE aerospace. Yeah. Jet fuel prices soaring, but air travel is yet to pull back. The company also raising its prediction for free cash flow operating profit and adjusted revenue growth for this year. Uh, they did take a major step, you recall, to control a larger piece of the supply chain.

They, uh, back in September, they agreed to buy Consolidated Precision Products. The company has continued to attract new business, sending a memorandum of understanding with Indian carrier Indigo. Uh, a thousand leap one a jet engines.