To The Moon

You tell people that someone made 66% annual returns for 30 years and most people would doubt it unless they know Simons’ story.Jim Simons' Legacy Spans Hedge Fund, Math, PhilanthropyReviewing Simons' life,in early years, he dominated the mathematics world, achieving remarkable success.In middle age, he entered the finance industry and conquered Wall Street.In his later years, he devoted himself to charity and contributed to society.The brilliant mathematician got his Ph.D. at the age of 23 and established the renowned Chern-Simons theory at 36, earning him the highest awards in geometry.Mathematician Conquered Wall Street: 66% Returns For 30 YearsRenaissance's main Medallion Fund made a whopping 62% every year (before fees) and 37% (after fees) from 1988 to 2021.That means, putting $1 in

Last week was generally not a too bad week for investors. All three major U.S. indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts. Let's look into our weekly meme stocks review, specially for AMC and FFIE. AMC AMC Entertainment stock was in the red last week after the movie theater chain reported its first-quarter earnings. It beats on both revenue and adjusted EPS for the first quarter. However, AMC stock is sinking lower due to a weak attendance figure. Its overall attendance fell by 2.1% while U.S. attendance dropped by 5.8%. AMC daily chart For AMC, the stock is challenging the higher low support formed 2 weeks ago. We should expect a rebound at current support area at around 2.90 USD. The share might continue to consolidate between 2.90 till

EV sales remain weak for May. As reported, major electric vehicle makers mostly saw vehicle insurance registrations in China fall last week, with a major holiday taking its toll early May. Let's look into the chart trend for Chinese EV trio, Nio Xpeng and Li! NIO Chinese electric car company Nio announced last Thursday that it will launch its lower-priced brand called Onvo on May 15. Onvo's first model, the Onvo L60, will take on the Tesla Model Y, and will primarily target the market for smart, family-centric pure-play EV market in the RMB 250,000 ($34,600) class.  Nio daily chart For Nio, the share price pulled back like most of the EV companies after rallied since mid April. So far, this round of correction is still healthy as long as it stands firm above 5 USD. If you look at the

AI stock performance varied in Q1 earnings. Several AI-related stocks experienced significant declines in their share prices after releasing earnings reports. Some notable examples include ASML, TSM, and SMCI. Some investors interpret these declines as a potential indication that the AI sector may have reached its peak. However, others maintain a long-term bullish outlook on AI, viewing the recent downturn as a temporary pullback. NVIDIA Nvidia makes graphics-processing units, or GPUs, which play a crucial role in AI. The company's shares have tripled over the past year, giving it a market capitalization of $2.27 trillion. Nvidia shares took a hit earlier this week when the billionaire investor Stanley Druckenmiller said that he'd slashed his big bet in the chipmaker earlier this year. He

A normal week for EV sector as most of the stocks consolidated and pullbacked for the past few days. In this article, we are going to look into the leaders in EV sector, that's Tesla and BYD. At the end of this article, I will add in one more new company analysis for my supportive readers who scroll till the end haha!  TESLA Tesla is facing increased competition in China from the likes of BYD, which offers a broad range of vehicles including the popular budget Seagull hatchback, and new entrants such as tech giant Xiaomi, which has received more than 70k orders for its SU7. The US automaker slashed prices again across its range late last month to help boost sales. In a bid to revive his company's fortunes in China, Tesla chief executive officer Elon Musk made a surprise visit to Beij