Stocks Rises And Bitcoin Soars, Did You Miss The Train? π
$Invesco QQQ Trust-ETF(QQQ)$ Stocks rose on Friday, with the S&P 500 and Nasdaq Composite closing at fresh record highs, as tech stocks rallied on continued enthusiasm for artificial intelligence-related names including Nvidia, NetApp and Advanced Micro Devices. β οΈ Trading tips: looking at NVDA calls at the lower channel for a bounce as well as strong support marked out in blue for some dip buy opportunity. AMD is also expected to scale new heights this week as semis look to be in the spotlight with crypto related counters. Buying the dip again Declining Treasury yields also provided a boost, as disappointing factory data and a decline in consumer sentiment solidified expectations for interest rate cuts from the
This week, Federal Reserve Chairman Powell will attend a congressional hearing to present the semi-annual monetary policy report, followed by the release of the February non-farm payroll report by the U.S. Department of Labor. March 6th to March 7th, Chairman Powell will testify before Congresswhere the focus is expected to be on the Fed's handling of inflation and its monetary policy stance. With January's CPI exceeding expectations, a rebound in core PCE, and strong service sector inflation, Powell is likely to emphasize the need to remain patient with rate cuts given the overall performance of the U.S. economy, signaling a hawkish stance.However, there is increasing pressure from the U.S. government for rate cuts, which Powell will have to address. Sustaining high interest rates may tig
Weekly: Nasdaq hit a record high, a big week for macro events
Last Week's RecapThe US Market - The Nasdaq reached a record highThe Nasdaq rose to an all-time high on March 1, surpassing its 2021 record, as investors bet that megacap technology stocks were the way to artificial intelligence boom.On a weekly basis, the Nasdaq added 1.74%, while the S&P 500, which also popped to a record high, advanced 0.95%. The small-cap Russell 2000 rebounded, but the 30-stock Dow is the laggard,for the week.It was an unseasonably warm February for the US market, with the S&P 500 marking its strongest beginning two months of the year since 2019, according to The Wall Street Journal.With all three major stock indexes notching their fourth straight month of gains, itβs fair to ask if the equity rally has run too hot, too fast. However, Citi said that the market
Gold stock opportunities. Despite Gold prices hovering near all time, gold stocks are languishing. Gold stocksβ recent pounding is highly illogical, driven by irrational and unsustainable fear. Seeing gold stocks so darned low relative to high prevailing gold prices is an anti-bubble. The disparity between GDX ( gold miners) and GLD ( gold price) is at one of its highest. Historically, gold mining shares tracks gold prices. This means at some point, gold stocks will soon blast higher in a big mean reversion. That will be a great opportunity not to be missed. Good time to start accumulating gold miners
$Broadcom(AVGO)$ π AVGO is a top position of mine. I was concerned that a close below 1200 would signal a near term reversal, as this would follow the pattern of the sentiment cycle. Wicking down to that level, and continuing higher in advance of earnings is a strong sign for continuation. Continuing further makes this seem more like wave 3 of 5, which could peak in one of the confluence zones overhead (1430-1475) or (1540-1595). If so, a wave 4 could bring us back to 1270-1400 prior to push higher.
$Sea Ltd(SE)$ has undertaken cost-cutting measures to improve profitability, including workforce reductions and streamlining operations. These efforts could lead to better-than-expected financial results. Despite facing headwinds, Shopee, Sea Ltd's e-commerce platform, maintains a strong presence in Southeast Asia and continues to expand into new markets. If Shopee exhibits positive growth indicators, it could surpass analyst expectations. Sea Ltd share price broke previous high in last week trading session with increased volume, this is a sign of investor's confidence and strength. $C3.ai, Inc.(AI)$ announced positive results for its fisca
$Analog Devices(ADI)$ going ex-dividend tomorrow MAR4First dividend at $0.92/share/quarter1.9% dividend yield 10% last 4-years dividend growth (CAGR) 7% latest dividend increase 53% payout (FCF)30 P/FCF28% FCF marginImageADI FCF margin hanging on despite higher Capex and a downturn in demand in analog market (Especially compared to $Texas Instruments(TXN)$ )ImageADI FCF/share +6% since FY19Shares outstanding increase from Maxim acquisitionDividend per share +10%Imagehttps://twitter.com/DividendWave/status/1764404594774339674
Yesterday I went for the Swifties event organised by Jewel. I not a fan of hers but just accompanying my friend there. I was impressed by how the fans dressed up for the event. Even little girls, maybe age of 5-7 y o, came dressed up like Taylor Swift - in their boots. They even remember every moves of her songs[Salute] π«‘. Not 1 song but all the songs done by the band. I really enjoyed the 2hours event even though they didn't manage to get Taylor Swift to grace the event. Jewel's intention was to get Taylor Swift to see the new forest. #SeeTheNewForest. As her last visit was in 2013. Hope I didn't get the date wrong. Anyway, band 53A did a very good job in singing Taylor's song. Even I, a non Swiftie, can feel the love in the air[Love] [Heart] B
Weekly Recap | The semiconductor sector of HK stocks rose sharply!
Hong Kong stocks were relatively calm last week, with the $HSI(HSI)$ down 0.82% on the week.In terms of market sentiment, we welcomed the earnings season last week, with companies like $LI AUTO-W(02015)$ and $BIDU-SW(09888)$ released their financial reports. Li Auto's fourth-quarter results were well above expectations, sparking a surge in its share price. However, Baidu's performance was lackluster, and its share price tanked after the earnings release.This week, companies like $NIO-SW(09866)$$JD-SW(09618)$$BILIBILI-W(09626)$ are
$NIO Inc.(NIO)$ will be releasing their earnings on 05 March 2024, and market participants will be closely following the financial results of NIO Inc. in its upcoming release. The company is predicted to post an EPS of -$0.51, indicating constancy compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $2.29 billion, showing a 1.86% drop compared to the year-ago quarter. Technical is showing a downtrend for Nio, and this is pretty understandable, with a loss of 51 cents, this will put NIO in a pretty unfavorable position against the Top EV makers from China, and we might be seeing NIO trending downwards further. Technical Analysis - Relative Strength Index (RSI) NIO RSI does not look go
$Keppel DC Reit(AJBU.SI)$ Keppel DC Reit - Looks like boat is back! At 1.69 which is trading near the support at 1.66 which might present a good pivot point! Yield is about 5.4 percent. Gearing is below 40 percent. Pls dyodd. Keppel DC Reit - Good news!The manager Managed to reach a amicably and commercial solution woth DXC for the full and final settlement of 13.3m! Likely to boost their dpu payout! Do take note! It looks like market like this piece of news and the price has rises up 5 cents to 1.76, Fantastic! I think price likely to test 1.78 and cover up the Gap at 1.80. Pls dyodd. Keppel DC Reit - After Ex.dividend she has gone down to touch 1.60 and managed to bounce-off from this level and closed higher at 1.65, looks rather pos
$SEMBCORP INDUSTRIES LTD(U96.SI)$ Sembcorp Industries - Chart wise, bear mode! Likely to see further weakness! Breaking down of 5 dollars she may continue to go down to test 4.80 than 4.45. Do take note! Next support is at 4.17 and 4.00. Recent FY results is good! Net profit is up 11% to 942m. Final dividend of 8 cents. Yearly dividend is 13 cents. Yield is about 2.6% at 5.09. Pls dyodd.
$Sea Ltd(SE)$ $SE 20240308 44.0 PUT$ $SE 20240315 35.0 PUT$ $SE 20240315 45.0 CALL$ Total madness on this one. and I'm not chasing π Decided to not adjust my CC and just opened a CSP last night at $44 strike . Bullish scenario : $45 CC gets called away, premiums collected is $7.02 Which works out to $52.02 Bearish Scenario : Price falls after earnings, ane price stays within range of $35 -$44. May choose to close one of the CSP depending on price action.
$Sea Ltd(SE)$ $SE 20240308 44.0 CALL$ $SE 20240315 44.0 PUT$ Joke is on me when I entered The CC 1 month back. didn't adjust position in time and the CC is to ITM. Will just accept the shares getting called away if price stays above $44 after earnings. Price it shares gets exercised $49.12. a profit is a profit ππ»ππ» dun FOMO~
$Tidewater(TDW)$ My Biggest surprised π catch πͺ for 2023 and one of the biggest winners π in my portfolio surprised me again with yesterday 1 Mar 2024 Bullish performance [Surprised] . Looking to take Partial profits next week [Tongue] [Allin] [Allin]
$Taiwan Semiconductor Manufacturing(TSM)$ TSMC, the world's leading semiconductor manufacturer, continues to navigate the tech landscape with strategic moves and a commitment to innovation. While the stock is currently undergoing a bullish correction, recent developments point towards a strong future fueled by the ever-growing demand for advanced chips. Leadership Changes and Expansion: A smooth transition is underway with the appointment of Dr. Y.J. Mii as the new R&D head, succeeding the retiring Dr. Liang Mong-song. The recent JASM facility opening in Japan expands TSMC's global footprint, meeting the surging demand for cutting-edge chips. Embracing the AI Boom: TSMC's increased production of CoWoS packaging c
Global markets closed higher on Friday, boosted by artificial intelligence counters πΊπΈ S&P 500: 0.81% π πΊπΈ Nasdaq: 1.14% π πͺπΊ Stoxx 600: 0.61% π π―π΅ Nikkei 225: 1.90% π ππ°Hang Seng: 0.47%π π¨π³CSI 300: 0.62%π β’ The U.S. market generally rose on Friday, with the S&P 500 index and the Nasdaq Composite Index rising 0.8% and 1.1% respectively. This upward trend was mainly due to the rebound of technology stocks, and the popularity of the artificial intelligence field remained unabated. At the same time, the decline in Treasury yields also provided further support for the stock market. AI seems to do pretty well, supported by several strong earnings and forecasts from the AI related companies. For such, I think AI counters will continue to trend higher
Hospitality S-Reits record 21% DPU growth in FY2023
Hospitality trusts recently took the spotlight as the S-Reit sub-segment reported year-on-year (yoy) growth in distribution per unit (DPU) for FY2023, bolstered by a base effect and a strong recovery in international travel. The five hospitality trusts recorded, on average, 21% yoy growth in FY2023 DPU.Four of the trusts β $ARA HTrust USD(XZL.SI)$ , $CapLand Ascott T(HMN.SI)$$CDL HTrust(J85.SI)$$Far East HTrust(Q5T.SI)$$Frasers HTrust(ACV.SI)$ β reported full-year FY2023 earnings ending Dec 31, 2023. Frasers Hospitality Trust : ACV 0% (FHT) rep