To The Moon

$Tesla Motors(TSLA)$   Musk shared the reveal date on Friday after Reuters reported that plans for Tesla’s highly anticipated low-cost car model had been scrapped. Musk accused Reuters of “lying.” Musk has spoken about the robotaxi project for years, and it could represent a major new business for the carmaker as investors grow wary of the company during a period of slowing growth. Time to pump into earnings! In 2015, Elon Musk told shareholders that Tesla’s cars would achieve “full autonomy” within three years. In 2016, he said Tesla would able to send one of its cars on a cross-country drive without requiring any human intervention by the end of the following year. Tesla still has yet to deliver a robotaxi, au

Options Market Statistics: Intel Shares Drop and Options Pop After Revealing $7 Billion Operating Loss for Foundry Business $Intel(INTC)$   shares fell by 8.22%, closing at $40.33. Its options trading volume was 0.53 million. Call contracts account for 52.1% of the total trading volume. The most traded calls are contracts of $45 strike price that expire on Apr. 5th. The total volume reaches 11,646 with an open interest of 24,023. The most traded puts are contracts of a $44 strike price that expires on Apr. 5th; the volume is 8,453 contracts with an open interest of 4,137. On Tuesday, Intel reported that its foundry business recorded sales of $18.9 billion in 2023, with an operating loss of $7 billion. The l

$SPDR S&P 500 ETF Trust(SPY)$   The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the performance of the broader S&P 500 Index, hit a record intraday high of $524.61 on March 28 and a record closing high of $523.17 a day before. On Wednesday, the ETF closed at $519.41, up 0.11%. ⚠️ Trading tips: looking at calls above 522.8 and dip buy between 517 to 518 for a reversal play. The SPY has resistance above at the all-time high of 524.61 and at the psychologically important 525 mark. The ETF has support below at 517.29 and at 510.13. More Fed speakers coming up with NFP report on Friday at 7:30am to move the market. Trade the trend Federal Reserve Chair Jerome Powell&nbs

Oil prices are rising due to a combination of factors, including:  * Supply cuts by major oil producers: The Organization of the Petroleum Exporting Countries (OPEC) and Russia have agreed to cut production, limiting the global oil supply.  * Rising demand: As the global economy recovers from the pandemic, demand for oil is increasing. This is particularly evident in China, the world's second-largest economy.  * Geopolitical tensions: Recent events in the Middle East, such as the Israeli airstrike on an Iranian embassy in Syria, have raised concerns about disruptions to oil supplies. $Energy Select Sector SPDR Fund(XLE)$ should be challenging its all time high at 100 soon. $WTI Crude O

Chip Makers Are Weighing the Quake Damage. Expect a Boost to DRAM Prices The chip industry is sorting through the production fallout from Tuesday's magnitude 7.4 earthquake in Taiwan, the island's strongest temblor in 25 years. At least nine people were killed by the quake, while more than 900 were injured. U.S. semiconductor manufacturers remain highly reliant on Taiwan-based chip factories. That spurred Congress to pass the CHIPS Act, which provides government support for the construction of new U.S. chip-fabrication capacity by Intel and others. Early indications suggest the damage to Taiwan-based chip factories from the earthquake were modest. But the quake comes at a time when a rebound in memory demand and a severe shortage of capacity for producing the high-end processors used in ge

$MoneyLion Inc.(ML)$ $SoFi Technologies Inc.(SOFI)$ Digital Bank Fintech SoFI or ML? 🌟💰💵 Digital Open Banking has the potential to revolutionize the way the world conducts banking. Though in its infancy it has started to change the ecosystem for good. Around the world, Open Banking is rapidly transforming the way that financial institutions operate. It increases transparency and opens up to new product opportunities, with banks sharing information in a secure, standardized format to authorized organizations. With Fintech companies having been on the forefront of the Open Banking movement in the past, traditional institutions have begun to seize the opportunities created by Open Banking. According to Boston

Public Holidays Singapore celebrates Eid al-Fitr (Hari Raya Puaa) on 10 Apr 2024 (Wed). There are no public holidays in Hong Kong, China and America in the coming week. Economic Calendar (08 Apr 2024) Notable Highlights The most watched data in the coming week from the economic calendar will be CPI. The CPI is also known as the inflation indicator. A forecast of 3.4% CPI year on year is on the cards. Should the figure turn out to be higher, the market is expected to turn bearish and vice versa. There will be updates of 10-year note auctions and 30-year bond auctions. These are part of the Federal Reserve funding the spending deficit. Initial jobless claims will also be a key macro data that the Federal Reserve will look into as they ponder the next interest rate decision Crude Oil Invento

AI stocks seem to face some upside resistance for the past week. Most of them were unable to continue to break new high. Also, U.S. markets retraced last week, as Fed officials sounded cautious on comments on the prospect of rate cuts. Artificial intelligence (AI) spending across hardware, software, and services totaled about $200 billion last year, according to Grand View Research. But that figure is expected to soar 820% to exceed $1.8 trillion by 2030. In other words, the AI market is forecast to compound at 37% annually through the end of the decade. We know the demand is there, and it is pretty normal for the AI related stocks to pull back after rallied for few months.  Let's look into a few famous AI counters. We will start with the AI leader, Nvidia. The company experienced&nb

Recently the market is hot with meme stocks again, mainly due to Trumph related counter like DJT and also AI related IPO like ALAB and Reddit. However, it is important to understand that investing in any meme stock or “meme coin” is a risky endeavour. Surges in price that cannot be explained by any company fundamentals are called asset price bubbles. Speculative bubbles are quite common in financial and cryptocurrency markets and offer opportunities to generate abnormal returns in a short period of time. We will talk about a few famous memes in this article. Well, let's start with the classic meme, $AMC Entertainment(AMC)$ . Earlier this week, the share plummeted after the theater chain indicated that it might se

Cryptocurrency exchange $Coinbase Global, Inc.(COIN)$   has been weighed under the current correction in the crypto market. Nevertheless, expectations of rate cuts in the second half of this year will help to encourage trading of risky assets like cryptocurrencies, driving up trading volumes for Coinbase. Hence, I remain bullish on Coinbase as the cryptocurrency exchange platform benefits from increased trading on cryptocurrencies and as its revenue rises with custody fees as it acts as the custodian for most of the bitcoin spot ETFs. With more and more companies jumping onto the artificial intelligence bandwagon to embrace AI solutions as part of their digital transformation and productivity improvement st