Cisco (CSCO) Pullback is not Over Further Downside To Come
Cisco (CSCO) Pullback is not Over Further Downside To Come March 13, 2024 By EWFLuis Cisco Systems, Inc., commonly known as Cisco (CSCO), is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. CSCO Daily Chart October 2023 Last October, we talked about an alternative view on CSCO. That was wave (II) has not finished and it could do a double correction. After 3 waves higher we cannot rule out a double correction until we see a clear impulse higher. In June, we suggested that CSCO shares price should continue
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Weekly Insights: AI Hype Overshadows Macro, But Be Careful of AI Server Speculations
1. Performance of Global Equity Indices(in US Dollar) Source: Bloomberg 2. Key Market Themes: U.S. job market is weakening. Powell said “a bit more evidence” is needed for rate cut The United States added 275k non-farm jobs in February, slightly higher than the market consensus of 200k. However, the unemployment rate rose by 3.9% in February, higher than market expectations. Meanwhile, average hourly wages increased by only 0.1% month-on-month, and full-time employee wages year-on-year growth declined to almost 0, lower than market expectations. Taken together, this Feb NFP report further confirms that the U.S. job market is weakening. Source: Wells Fargo Fed Chairman Powell said “a bit more evidence” is needed for rate cut in his testimony to congress, pushing the rate cut pricing by the
What‘s The Gold's Next Move After Hitting A New Record High
When gold was in 1450 position, we had boldly assumed that the current bull market of gold could rise to 2200-2300. At that time, many people didn't understand that the Federal Reserve was about to tighten at that time, and there was no reason for gold to enter a big bull market. However, the power of the market itself (graph) still proves that the real relationship between supply and demand has been included in the market. Now, with the new high coming earlier than expected, we need to consider whether 2300 will still be the upper limit of gold.This is a picture that I like to show you in online and offline lectures over the past year, and it is also the reason why I have always been optimistic about gold. 2263 is the lowest bull market target price that gold can reach according to the pe
Option Movers | Nvidia's $1000 Call Shows Unusually High Open Interest; China Large-Cap ETF Sees 93% Call Ratio
U.S. stocks ended sharply higher on Tuesday (Mar. 12th), with the S&P 500 registering a record high close as Oracle shares surged and consumer price data failed to dampen investors' hopes of interest rate cuts in the coming months.Regarding the options market, a total volume of 40,736,926 contracts was traded on Tuesday.Top 10 Option VolumesTop 10: $SPY(SPY)$; $QQQ(QQQ)$; $SPX(SPX)$; $TSLA(TSLA)$; $NVDA(NVDA)$; $IWM(IWM)$; $AAPL(AAPL)$; $VIX(VIX)$;
$Kanzhun Limited(BZ)$ skyrocketed by 20% in a day, in addition to the performance exceeding expectations, the company's announcement of repurchase is also an important reason. The purpose of stock repurchase by listed companies is usually to manage market value, provide equity incentives, stabilize stock prices, and enhance EPS and ROE, etc. Stock repurchases in the US stock market are important factors supporting the market. Although enterprise repurchase activities fell sharply in 2020 due to the impact of the COVID-19 pandemic, the total repurchase amount of US stocks reached $1.025 trillion in 2023. $Apple(AAPL)$ as a model of repurchase and dividend in the capital market, distributed a total of $132 bill
[Former President Donald Trump: China is, right now, our boss] Former President Donald Trump and former SEC Chairman Jay Clayton join 'Squawk Box' to discuss the state of the economy, his vision for the country, fate of entitlements and cutting federal spending, bitcoin and crypto regulation, competition against China, U.S. trade policy and power of tariffs, and much more. $S&P 500(.SPX)$
No change as $SPX is close to completion of the rally
No change as $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ is close to completion of the rally, if not already complete.The loss of 5135 would increase odds in its completion with sub:5095 confirming such.However, while above 5135 price could still extend to 5200-5225 before the correction to 4800. $NASDAQ 100(NDX)$$E-mini S&P 500 - main 2406(ESmain)$ ImageFrom Monday's lows, we expected a rally targeting at least SPX 5128 | ES 5193 🎯Price reached that level ✅, but we still expected further upside to SPX 5140-5152 | ES 5205-5217 charged by CPICPI then produced a strong move up today 🚀ImageImageImageImageht
Here's what you really need to know about today's earnings report.On Holding $On Holding AG(ONON)$ reported great results, which were very muddled by foreign currency changes. A strong Swiss Franc makes sales in other countries "look" smaller and the cash held in USD led to the quarterly loss.90% of beating the market is really just:Buy great companiesDoing nothing for YEARSProfitIt's harder than it looks, but the formula is simple.It's the hardest thing to learn and I'm 99% convinced it can only be learned with experience.https://twitter.com/TravisHoium/status/1767571533222875300
AI Bubble? Artificial Intelligence (AI) Stock Bubble could be forming now. Share price of Arm Holdings (ARM -3.60%) has jumped drastically. Share price of Super Micro Computer (SMCI) a maker of servers and storage equipment that work well for running AI models, is up 169% year to date, and shares of Nvidia (NVDA), the flagship for the generative AI revolution, are up 46% this year after more than tripling last year. Such mateoric rise show there is a lot of hype with the stocks. So what if the bubble burst? Stock volatility is an opportunity to make money. These are rock solid stocks that can support their share prices’ rise. Nvidia, for example, reported that revenue more than tripled in its third-quarter earnings report, and profits jumped by 12 times. In fact the stock's price-to-earnin
ESG understanding Environmental The Innovative Resource-Saving Architecture™, at the heart of Supermicro's commitment, achieves a remarkable 40-45% reduction in hardware refresh costs, contributing to a significant reduction in e-waste and up to 50% reduction in electricity and carbon footprint. Recognized as a pioneer in energy-efficient computing, the firm is committed to achieving Energy Star certification for all solutions by the end of fiscal year 2023, emphasizing environmental, social, and governance (ESG) best practices. Supermicro implements green manufacturing standards in its operations in the United States, Taiwan, and the Netherlands, including factory automation and alternative energy sources like solar. Supermicro places sustainability at the heart of their business processe
$ESPORTS ENTERTAINMENT GRP(GMBL)$ The Esports Entertainment Group, Inc. stock price fell by -4.17% on the last day (Tuesday, 12th Mar 2024) from $0.96 to $0.92. During the last trading day the stock fluctuated 12.36% from a day low at $0.87 to a day high of $0.98. The price has fallen in 6 of the last 10 days and is down by -15.6% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 6 thousand shares were bought and sold for approximately $5.38 thousand. The stock has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well b
$ARA HTrust USD(XZL.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Revenue, NPI and distributable income have improved YoY. The significant increase in NPI is attributed to lower property taxes resulting from property tax refunds. RevPAR RevPar has shown signs of improvement and has increased YoY. Related Parties Shareholding The REIT manager, and directors of the REIT manager hold a relatively low proportion of shareholding. Lease Profile The weighted average land lease expiry is long. However, the WALE is short with a concentrated lease expiry. Debt Profile The cost of debt is high, and debt maturity is concentrated. Additionally, the proportion of unsecured debt is low. Diversification Profile The portfolio exhib
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UiPath (PATH) Potential Upside As ARR Should Beat Estimates
$UiPath(PATH)$ is expected to show a rise in quarterly revenue when it reports results on 13 March after market close for the period ending 31 Jan 2024. UiPath is expected to report a 24.4% increase in revenue to $383.826 million from $308.55 million a year ago, UiPath's guidance on 30 Jan 2023, for the period ended 31 Jan was for revenue between $381.00 million and $386.00 million. Looking at UiPath's peers in the automation software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. $Appian Corp(APPN)$ delivered top-line growth of 15.5% year on year, beating analyst estimates by 3.2% and $Everbridge(EVBG)$ r
🌟🌟🌟Happiness is seeing Chinese EV stocks up today on signs that the Chinese economy maybe recovering. Consumer prices in China rose at an annual rate of 0.7% in February versus Analysts expectations for a 0.3% rise. This was attributed to the Chinese New Year Celebrations. $NIO Inc.(NIO)$ is up 1.4% today and in the past 5 days, Nio has jumped 15%. However Nio is still down 26% year todate. Nio has started deliveries of its 2024 model vehicles after its customer orders in February. Deliveries were for 2024 ES8, ES7, ES6, EC6 and ET5 Touring to several cities in China on March 8. Nio has been building a dealer network in Europe for its forthcoming Firefly and Alps brands. Abu D
$HSTECH(HSTECH)$ candlestick chart showed a breakout of the previous high. tallying with the pnf chart, it appears to be on its way to 3950. $LION OCBC HSTECH ETF S$(HST.SI)$ is following close behind though it has not shown a breakout. this is most probably due to etf price factoring the etf fees. the rally is spurred by china's consumer prices rise for first time in six months hst will be bound for 0.65. previously, $FTSE China Bull 3X Shares(YINN)$ made 6 consecutive monthly red candlesticks. this is a rare occurrence. when this happens, the rebound rally will be huge. the us market is on the other hand re