The S&P 500 index finished the week down 0.3% after dropping 0.7% on Friday, but still notched its 16th record of 2024 the day before. The Dow Jones Industrial Average and Nasdaq Composite fell 0.9% and 1.2%, respectively, but weren't far off their own highs. ⚠️ Trading tips: Expect NVDA to chop next Monday as market is pending CPI report on Tuesday at 8:30am. Any unfavourable news will plunge the chip maker further south for a discounted buy. Do you have the guts to enter knowing a pending stock split news will propel it to the 1k mark effortlessly? 😉 The cheap chip sale is coming The S&P 500 and Nasdaq closed lower on Friday after touching record highs during the session, with high-flying chip stocks going into reverse and a mixed labor market report that showed more new jobs tha
Thanks to Tiger for awarding the weekly top predictions for SPY last week. The S&P 500 lost 0.65% to 5,123.69, while the Nasdaq Composite slipped 1.16% to 16,085.11. Both swung into negative territory after rising to new all-time highs earlier in the session. Wall Street finished lower after a choppy session on Friday, as investors reacted to a mixed jobs report by booking some profits in the technology space, which has been the engine of the market gains so far this year. The February jobs data released Friday morning offered some conflicting signals as to when it will be safe for the Federal Reserve to start cutting interest rates. The U.S. economy added 275K jobs in February, topping analyst estimates of 190K. At the same time, the unemployment rate moved up to 3.9% vs. the expecte
$Advanced Micro Devices(AMD)$ wow, I never thought when I purchased amd at 55 and sold at 75 it would end up this high. Why did I ever sell but now I understand amd better
$ALB.HK 20240627 49.00 PUT$ Bought back last Friday after being in position for less than 30 days. Will look to sell again if BABA falls again. This is a cash secured naked short put for BABA, which I want to own. Took profit because it was 50% in profit.
Following $Straits Times Index(STI.SI)$’s March quarterly review, it was announced that $Frasers Cpt Tr(J69U.SI)$ (FCT) will be added to the STI and Emperador to be removed from it, effective at the start of business next Monday (Mar 18). This brings the total number of Singapore real estate investment trusts (S-Reits) in the STI to seven.At a market capitalisation of S$3.9 billion, FCT will join the STI with an approximate weight of 0.8%. FCT is also the second Frasers Property-sponsored Reit to join the benchmark after $Frasers L&C Tr(BUOU.SI)$. The combined indicative weightage of the seven S-Reits in the STI will be around 12.5.REIT Watch - S-Reit
The five trading sessions saw over 100 changes to director interests and substantial shareholdings filed for 50 primary-listed stocks. Directors or CEOs filed 35 acquisitions and one disposal while substantial shareholders filed 10 acquisitions and two disposals.Director filings and buybacks continue at stronger pace1.Wilmar InternationalBetween Mar 1 and 5, $Wilmar Intl(F34.SI)$ chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 2,172,600 shares. This increased his total interest from 13.66% to 13.70%. HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings each acquired 543,150 shares at an average price of S$3.33 per share. Kuok has been gradually increasing his total interest in Wilmar I
🌟🌟🌟Bitcoin set a new all time high for the 2nd time last week, climbing to USD 70,136 after US jobs data raised expectations of rate cuts in the coming month. Markets analysts said that this is due to the introduction of Spot Bitcoin ETFs and investor optimism regarding the US economic outlook. $BetaShares Crypto Innovators ETF(CRYP.AU)$ aims to track the performance of an index that provides exposure to global companies at the forefront of the dynamic crypto economy. CRYP ETF provides the "picks and shovels" exposure to the companies building crypto mining equipment, crypto trading venues and other key services that are responsible for the extraordinary growth of Crypto economy. The Top 10 holdings include
$Coinbase Global, Inc.(COIN)$ is riding to its all-time-high on the back of crypto bulls as cryptocurrencies outmarket the stock market after recovering from the crypto winter on the back of buying frenzies by the recently launched bitcoin spot ETFs and rising optimism form the bitcoin halving expected to take place sometime next month. With rising bitcoin price, it has since re-joined the trillion dollar club this year and its market cap has already exceeded that of Meta Platform, placing bitcoin just behind Microsoft, Apple, Nvidia, Amazon and Alphabet. I expect Coinbase to stay buoyant this month as the cryptocurrency exchange platform benefits from increased trading on cryptocurrencies and as its reve
The Mixed Fortunes Of Rivian and Faraday Future Stocks This Week
🌟🌟🌟This week the best performing EV stock is $Rivian Automotive, Inc.(RIVN)$ as it is up 2.2% today and in the past 5 days, Rivian has jumped 17%. However Rivian is still down 39% year todate. The good news is that Rivian has just unveiled its new R2 electric SUV at a launch event on Thursday. In addition to that Rivian has also unveiled 2 additional compact SUV models - the slightly smaller R3 and a performance variant called the R3X. Rivian had hit an all time low after its 4Q23 earnings when it announced a disappointing production outlook for 2024. Rivian said that it aimed to produce 57,000 vehicles this year, a slight decline from 2023 and well short of analysts expectations o
wish all the women in the world happy international women's day. $SPDR S&P 500 ETF Trust(SPY)$ blazes ahead upon powell's testimony that the fed is considering cutting interest rates this year. powell says that inflation is coming down to the fed's target of 2% but it still must be cautious. $FTSE China Bull 3X Shares(YINN)$ is given a boost by powell's testimony. it rebounded from intraday low. it has been retracing after china's disappointing 'two sessions' where there are a lot of promises but no tangible measures announced. spy rally is led by ai craze. the ai craze has just begun. this ai is different from the ai in the past. the latest ai is generative a
Preview of the week starting 11 Mar 2024 - Zim to sink or swim?
Public Holidays No holidays for Singapore, China, the USA, or Hong Kong. Economic Calendar (11 Mar 2024) Notable Highlights CPI will be the most watched economic data for the coming week with an expected 3.1% YoY for CPI. This is one of the 2 main data points used as a reference for inflation. Auction of bonds and notes. There will be an auction in the coming week for 10-year Notes and 30-year bonds. These are sold to finance the deficits and it will be interesting to see the demand for such assets. Core Retail Sales & Retail Sales will be announced. These represent the consumption for retail. PPI data will be released indicating the inflation hitting producers. Typically, these can be passed on to the consumers should the products be price inelastic. Thus, PPI can be treated as a preq
Nikkei Breaks 40,000: Currency-Hedged ETFs Lead the Way
Over the past few months, the Japanese stock market has been on a blazing trajectory, with the Nikkei 225 Index recently breaching the 40,000-point milestone for the first time. This surge has been propelled by a host of positive factors, including hopes of interest rate cuts in the United States, easing signs of inflation, and a growing interest in artificial intelligence (AI) within the tech industry.This milestone achievement underscores a significant uptrend driven by foreign investments amid yen depreciation and corporate governance reforms aimed at enhancing shareholder returns. Investors seeking to capitalize on this robust rebound should undoubtedly consider investing in Japanese ETFs.While most Japanese ETFs have been soaring this year, currency-hedged funds stand out in this aren
SEMI ETF by Global X - A Low Cost Way to Invest in Hot Semiconductor Stocks!
🌟🌟🌟Fuelled by AI, the rise of Semiconductor stocks led by $NVIDIA Corp(NVDA)$ has been breathtaking! Nvidia is a success story that will be remembered for years as breaking records - in market capitalisation from USD 1 Trillion to USD 2 Trillion in just 9 months, the highest single day gain of USD 277 billion. It has gone from a low of USD 222.97 to USD 974.00 in just 52 weeks. Next to Nvidia, $Advanced Micro Devices(AMD)$ meteoric rise in share price is also noteworthy. AMD is up 49% year todate and a huge 146% in the past year. AMD is also int
February Favorite: VOO Takes the Lead, IBIT Bitcoin Fund Attracts $4.5 Billion Inflows
The flow of funds for the S&P 500 index ETFs has seen drastically different patterns; meanwhile, the BlackRock Bitcoin Fund, IBIT, attracted $4.5 billion.The flow of funds for the S&P 500 index ETFs has seen drastically different patterns; meanwhile, the BlackRock Bitcoin Fund, IBIT, attracted $4.5 billion.In February 2024, Vanguard's VOO, the third-largest ETF in the United States, attracted the most investor funds globally among all exchange-traded funds, while the world's largest ETF, SPY by State Street Bank, experienced the most outflows.The contrasting flow of funds between these two S&P 500 index funds may suggest investors' belief that the market's growth, which surged by 30% over the past year, is slowing down.Last month, VOO raised $6.11 billion, managing assets worth
$Taiwan Semiconductor Manufacturing(TSM)$ the world's largest contract chip manufacturer, has seen several positive days in the market recently. This significant price increase indicates positive investor sentiment. The global semiconductor industry is expected to continue growing, benefiting major players like TSM. The ongoing chip shortage and high demand for semiconductors from various industries (e.g., consumer electronics, automotive) bode well for TSM's production capacity. While short-term fluctuations might occur, TSM's position in the growing semiconductor industry offers long-term growth potential.