I opened $NASDAQ 100 Covered Call ETF(QYLD)$ ,Nibble some QYLD - a great source of passive income with this dividend paying stock, The current dividend yield is a little over 10%. Again thanks to Tiger’s reward, buying with rewarded cash voucher from daily tasks and posts interactions. 🙏🙏💪
TSMC Beats Earnings Expectations Yet Shares are Falling. Is It A Buy?
🌟🌟🌟On a day when the markets are down, $Taiwan Semiconductor Manufacturing(TSM)$ beats market expectations on its Q1 24 earnings report. TSMC's net revenue rose 16.5% year on year to NT592.64 billion while net income increases 8.9% year on year to NT225.49 billion. TSMC Earnings Per Share was up 8.9% to USD 1.38 from previous year. TSMC also reported a gross margin of 53.1% and an operating profit margin of 42%, down from 56.3% and 45.5% respectively from previous year. The results exceeded analysts' expectations for revenue of USD 18.4 billion and EPS of USD 1.32. TSMC is the world's largest producer of advanced processors chips and counts Nvidia and Apple as some of
Bitcoin halving countdown. Estimated Time: 20 April 1047hrs GMT +8
What is a Bitcoin block halving event? Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code. Estimated Halving Countdown Date/Time It is estimated to see the Bitcoin halving happening in Singapore time on 20th April 2024 at around 1047hrs GMT+8. As of time of writing, we have seen $CME Bitcoin - main 2404(BTCmain)$ went up by 2K from $61K to $63K. Miners stocks like $CleanSpark, Inc.(CLSK)$$Mara
Since the Federal Reserve Chairman Powell indicated that the interest rate cut will come later than expected, the stock market has continued to decline amid multiple bearish news. The Fear & Greed Index has shifted from “greed” a month ago to “fear”. The American bank stocks have fared poorly. Except for $Goldman Sachs(GS)$ and $Morgan Stanley(MS)$ , most of major banks missed their estimates and declined after earnings. $JPMorgan Chase(JPM)$ fell the most, declining by over 6% in response to disappointing net interest income. $Wells Fargo(WFC)$ , $Citigroup(C)$ , $Bank of America(BAC)$ also followed the downtrend. My strategy is to buy low this earning season. Take a que from Singapore banks’ stock all breaking out and jump higher these days.
US Market Summary The stock market is not holding up well. All 3 major indexes have broken below their 50-day moving averages. (see below) US 3 Composite Indexes - Past One Month performance On Wed (17 Apr) when market closed: DJIA: -0.12% (-45.66 to 37,753.31). At its worst level since late January 2024. S&P 500: -0.58% (-29.20 to 5,022.21). At its worst level in 2 months. Nasdaq: -1.15% (-181.88 to 15,683.37). Fell below the 16k level, its worst in 2 months. What Happened to Semiconductors? Chip stocks were big losers Wed, 17 Apr 2024. $ASML Holding NV(ASML)$ has become the poster scapegoat as a result of its disappointing earnings and guidance. ASML Q1 2024. Company missed its sales forecast, although it insists its on-target for its FY2
S&P 500 Index. The $S&P 500(.SPX)$ index comprises of the 500 biggest companies in the US. It is considered to be a reference point for overall health of US market, showing how the world's largest businesses are performing. For a company, getting inducted into the S&P 500 is a big milestone because it represents major validation for a company and its business. Eligibility requirements for inclusion into the index are no small feat. $Palantir Technologies Inc.(PLTR)$, a subject matter expert in Artificial Intelligence (AI) has been eligible for S&P 500 inclusion for quite some time. For reasons unknown, it has not been shortlisted yet. The next S&P 500 rebalancing will take place in J
After four straight sessions of losses, the market has come to a crossroads
Investors are focused on earnings season, with risk sentiment impacted by tensions in the Middle East and hawkish Federal Reserve. Selling intensified in April. The Nasdaq and S&P 500 declined for the fourth consecutive trading day, the longest streak in over four months.Travelers Companies (TRV) plunged 7.41%, becoming one of the biggest drags on the S&P 500 and Dow Jones indices. United Airlines soared over 17% after forecasting stronger-than-expected numbers for the quarter, boosting the NYSE Arca Airline index by 3.82%, its best single-day gain since February 6.Options market trading data show that investors are starting to take both long and short bets. S&p 500 options have a bullish bias, and investors are buying straddled portfolio games to accelerate short-term shifts.
🎉 Cheers! Singapore's Work Revolution: Flexibility on the Horizon
Hey there, Singaporeans! 👋Did you hear the latest from the Ministry of Manpower? Starting this December, you might just be able to work on your own terms—whether that's from home or with a schedule that suits you best. 🏡📅The Lowdown:Flex Work could mean telecommuting, varied hours, or even part-time gigs.Your Move Just put in a written request, and your boss has two months to get back to you.Fair Play The guidelines are more of a 'nice to have' rather than a 'must do', but if your request gets a no, your employer needs to chat about other options.Now, let's get personal with a couple of quick questions:Your Dream Setup How would you like to work if you could? 🤩Making a Pitch Are you planning to ask for flex work? What's your strategy? 💼The Big Picture What changes do you think this could b
Yesterday's Summary The $S&P 500(.SPX)$ 's four-day decline, the longest since January, raised concerns amidst dashed hopes for a rate cut and escalating Middle East tensions. The market awaits strong corporate earnings to reignite optimism. The airline sector's positive performance, driven by United Airlines' upbeat second-quarter profit outlook, offers a glimmer of hope. However, the tech sector faces high expectations, particularly with the onset of earnings season. $Taiwan Semiconductor Manufacturing(TSM)$ 's robust earnings fueled by AI chip demand underscore the potential for growth in tech-related industries. $TSM Key Events to Watch Today Investors eagerly anticipate Netflix's earnings report a
🇸🇬 **Congratulations, Prime Minister Lawrence Wong!** As Singapore enters a new era under the leadership of Prime Minister Lawrence Wong, the nation stands at a pivotal juncture, poised to continue its legacy of innovation, stability, and prosperity. With nearly two decades of governance by Prime Minister Lee Hsien Loong, the transition signifies not only a change in leadership but also an opportunity for renewal and advancement. 👨💼 **Embrace Continuity and Change** Prime Minister Lawrence Wong inherits a robust foundation laid by his predecessor, Prime Minister Lee Hsien Loong. As Singapore's economy navigates global shifts and technological advancements, it is crucial to maintain continuity in policies that have propelled the nation's growth while also embracing change to address emergi
Interesting and a must to discuss topic recently : Bitcoin Halving! The Bitcoin halving is a fundamental event that occurs approximately every four years, reducing the reward for mining new blocks by half. Well, this mechanism is designed to control the supply of Bitcoin, introducing a deflationary aspect to its economy. Historically speaking, all three prior Bitcoin halvings have certainly resulted (usually a few months later) in an explosive price event for the No.1 cryptocurrency, and by proxy the altcoin market. How is the Bitcoin trend now? Currently, the overall trend for Bitcoin is still downward, but the decline speed starts to turn slower. As we can observe, the weekly candle support is able to hold pretty well for the moment. And once it touches it, the rebound is quite
$Advanced Micro Devices(AMD)$ Fellow longs, I always said that anything above 11/21 ath of $165 was a bonus because it was built on expectations and that sp gains would start showing after 1Q24 when MI300 revenue numbers would start showing in the earning reports. From 11/21 to 10/22 the sp dropped 67%, and yet we "recovered" to $227 on 3/24. We are "only" 30% down from the ath. We AMD long vets are not distracted by noise. Lisa is best CEO in the industry and AI business is starting. $250 eoy. The best is yet to come!
$Advanced Micro Devices(AMD)$This is still in a corrective Elliott wave A & the TDSequential Demark is on a 5 & it will rally hard on a 9 & the long strong Impulse B wave as it aligns significantly with the Fib/GAnn. McClellan is bouncing off the bottom as are all indictors. Patience Bulls! The Phoenix is about to take flight. Trade the charts. Play the set ups. Skate to where the puck is going. Math works.
Does VKTX, SKYE & JANX have room to rally after rallying 269%?
Shares of three biotech stocks, $Viking Therapeutics(VKTX)$$Skye Bioscience Inc.(SKYE)$$Janux Therapeutics, Inc.(JANX)$, have surged at least 269% so far this year. Do they have room to rise?1.Viking Therapeutics Since $Novo-Nordisk A/S(NVO)$ and $Eli Lilly(LLY)$ launched their own weight-loss treatments, both stocks have surged. VKTX is working on a GLP-1 therapeutic oral solution called VK2735. In Phase II trials, VK2735 performed even better than NVO's Wegovy or LLY's Zepbound.VKTX shares are up 269% year-to-date and could rise even higher as VK2735 advances in late-stage tri
$iShares Silver Trust(SLV)$$Fortuna Silver Mines(FSM)$$Endeavour Silver(EXK)$ 🩶🪙✨ Silver Shines: The reasons Why It's Prime Investment Time✨🪙🩶 1. Silver Soars: The Rise of ETF Inflows While gold awaits a resurgence in ETF demand, silver is on the upswing, buoyed by a surge in ETF holdings, as reported by ING Economics. 2. Price Projections Point Upwards Analysts are singing a chorus of optimism for silver’s future. ANZ economists foresee silver prices surpassing US$31 per ounce by the close of 2024, while Citi analysts have raised short-term price targets by 16%, envisioning a potential spike to US$32 per ounce within the next 6-12 months. A convergence of
$INVO BioScience, Inc.(INVO)$ seems like during the drop we got insane volume going up while price coming down? seems like someone loaded this thing up but im ready to capitalize is all i know and we sitting in a demand zone right now0 shares left to short. Insane moves coming with this much volume imo. Treadline break and hold above $1.60, and we could see $2 quickly.
$NVIDIA Corp(NVDA)$ If you understand the concept of an "API", CUDA is an API for the chip.If you understand the concept of "firmware", CUDA is the firmware, like in routers.Basically, CUDA is a library available on top of the basic chip. The library is not the application. That's why CUDA is part of the chip, not of the AI.Anybody can write CUDA, it is not that big a deal.The "Software ecosystem" is like the Router Control Panel on your PC from where you can turn the router on/off, reboot it for problems. It is stuff that's nice to have, but not a big deal.Whoever thought of the $Cisco(CSCO)$ analogy, hit it on the head. Just like Cisco routers have firmware, AI chips have CUDA