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06-17
Nvidia versus Broadcom - Which is a Better Buy?
🌟🌟$Broadcom(AVGO)$ share price jumped 23% last week which is quite a phenomenal feat. It is having an "Nvidia" moment putting it closer to be the next Trillion Dollar Company. Broadcom delivered stellar earnings results on Wednesday after the bell, pushing the stock over 13% higher on Thursday morning trading. Broadcom saw its second quarter profits at USD 10.96 per adjusted share, beating Wall Street expectations. Strong demand for data centres supported revenue. Robust demand is due to the AI boom which resulted in Broadcom's revenue for the quarter at USD 12.5 billion, a 43% increase from last year. Broadcom increased its guidance for fiscal year 2024 to USD 51 billion consolidated revenue and adjusted EBITDA to 61% of
TOPTaurus Pink: [Bars] [Bars] [Bars]
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06-17
$NVIDIA Corp(NVDA)$ NVIDIA’s Monday Magic: Will the Bulls Keep Running? TT’s, buckle up because we’re diving into the magic of Fibonacci levels with NVIDIA (NVDA) again! 📊🔮 The Golden Ratio Strikes Again NVIDIA’s been riding high, and as of the post-market close on 14 June 2024, it’s sitting pretty at $131.25. Let’s break down the numbers: - Open on 14 June 2024: $129.96 - Previous Close: $129.61 - 52 Week Low: $39.23 - 52 Week High: $132.84 Now, these numbers aren’t just digits; they’re the canvas for our Fibonacci artistry. Fibonacci Levels: The Market’s Secret Language Alright TT’s, I know I bang on about Fibonacci more than a broken record, but trust me, these levels are like the secret sauce to decoding market mysteries. Derived from th
TOPAccording to the latest information, here are some key details about NVIDIA Corp (NVDA): Stock price: $131.88 (as of June 17, 2024) Previous close: $129.61 52-week low: $39.23 52-week high: $132.84 Earnings per Share TTM: $1.71 Trading Volume: 309.33 million Total share capital: 24.58 billion Total Market Cap: $3,241.00 billion Circulating Market Cap: $3,114.33 billion P/E Ratio TTM: 77.028 P/E Ratio LYR: 109.413 Price-to-Sales Ratio TTM: 40.63 Price-to-Book Ratio: 65.95 Dividend Yield: 0.01% ROA (Return on Assets): 49.10% ROE (Return on Equity): 115.66% Analyst target price: The mean target estimate is $120.82, with a low estimate of $47.84 and a high estimate of $150.00. Please note that these numbers are subject to change as the market fluctuates. It's important to conduct thorough research and analysis before making any investment decisions. Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Trading stocks involves risks, and it's essential to consult with a financial advisor or do your own research before making any investment decisions.
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06-16
$Tesla Motors(TSLA)$ Tesla Tango: Two Paths Ahead 🚗💨 Alright, TT’s, here’s the Tesla tea 🫖 for the coming week. Buckle up, because it’s a two-scenario showdown: Scenario 1: 🐻 The Bears hold their ground at the $180 resistance, and Tesla does the cha-cha between $170 and $180. Classic range-bound action. 💃 Scenario 2: 🎆 Monday morning fireworks as the Bulls charge past the $180 resistance, waltzing beyond the grey downtrend line. We’ll likely hit a speed bump near $185-$186, maybe even reversing to test the $180 support. But don’t sleep on it – we could see Tesla rev up to $190 and beyond, aiming for a wave 3 target of $215.22 (thank you, 1.618 Fib extension). 🐂🚀 In Tesla we trust, let’s hope for no fuss. Will it soar or just rust, watching i
TOPBased on the available news and information, here are the key points regarding Tesla's recent movement: Resistance at $180: There is a resistance level at $180, which the bears are holding their ground against. This has resulted in Tesla trading within a range between $170 and $180. Bullish Scenario: If the bulls manage to break past the $180 resistance, there could be a surge in Tesla's stock price. It is anticipated that there may be a speed bump near $185-$186, with a possibility of a reversal to test the $180 support level. However, if the bullish momentum continues, Tesla could potentially reach $190 and beyond, with a wave 3 target of $215.22. It's important to note that these scenarios are speculative and based on technical analysis. The actual movement of Tesla's stock price will depend on various factors, including market conditions, investor sentiment, and company-specific news. Please remember that investing in stocks involves risks, and it is essential to conduct thorough research and analysis before making any investment decisions. The information provided here is for reference purposes only and should not be considered as investment advice. For more detailed and up-to-date information, I recommend checking the stock quote page or consulting with a financial advisor.
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06-16
My Watchlist [111]: SOFI... Profitable, But Lower?
Hi everyone. Today I’ll be updating my TA on a FinTech company: SOFI has been bound by its resistance trendline (in purple), which has been in place since it peaked at 28.26 in 2021. A closer look at the SOFI chart shows a climax on 12th June, with a top-heavy rejection candle. It was also unable to reclaim the 7.23 level, which has acted as strong resistance since April. It is also trading in a descending channel consolidation setup - at least, that’s what it is for the time being. Fundamentally, I am expecting a retest of the lower support trendline, which should coincide with a retest of the longer-term green support trendline dating back to 2023. Furthermore, SOFI has 2 unfilled gaps to the downside, namely the 5.48-5.59 and the 6.05-6.10 gaps. These gaps are likely to fill in the near
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06-15
Keeping Pace with AI Tech Gains: Key ETFs to Watch Overnight, $NASDAQ(.IXIC)$
TOPTech stocks are leading the market again, with Nasdaq outperforming.
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06-15
Are stocks of the EV makers worth buying?
With the vehicles shipped that are far and between, it never fails to amuse me how $Faraday Future Intelligent Electric Inc.(FFIE)$
855
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06-15
Is It Time To Buy Faraday Future Or Run For The Hills?
🌟🌟🌟There is never a dull moment with Faraday Future. On Friday,$Faraday Future Intelligent Electric Inc.(FFIE)$
TOP[Bars] [Bars] [Bars]
491
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06-14
$SUPER MICRO COMPUTER INC(SMCI)$ $SMCI – The Rollercoaster Ride Continues! So, $SMCI had quite the ride yesterday, peaking after a massive $100 climb. Imagine it like a superhero scaling up a skyscraper. It hit the top at $840 – that’s our hero holding on at the blue line level. The Bulls (the optimistic traders) are hoping $SMCI can keep its grip and not slide down. What’s Next? • The Dream Scenario: We want to see $SMCI pull off a Spider-Man move, climbing higher to between $853 and $859. This would be like our hero reaching the rooftop party. • The Backup Plan: If things go south and it can’t hold $840, it might drop to around $830. Think of it as slipping a few floors down but still being in the game. The Bulls’ Wish The Bulls are crossing
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06-14
$MPACT(MPPTF)$ $Mapletree PanAsia Com Tr(N2IU.SI)$ The Crown Jewel for Your Singaporean Stock Portfolio Kia ora lah! I'm excited to share my latest find that's got me buzzing like a kopi-o session at the hawker centre. As a Kiwi who's just started building a Singaporean stock portfolio, I've been on the lookout for stocks that combine stability, growth, and a bit of excitement. Enter Mapletree Pan Asia Commercial Trust (MPACT), the gem that ticks all the boxes. Here’s why MPACT should be the centrepiece of your investment strategy. Why MPACT? The Best Deal in Town! Imagine scoring the best deals at the Great Singapore Sale – that's what MPACT offers. Trading at a Price to Book (P/B) ratio of jus
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06-14
$Adobe(ADBE)$ Adobe's AI Magic Sends Share Price Soaring: A Hollywood-Worthy Comeback! Ladies and gentlemen, grab your popcorn because Adobe (ADBE) just delivered an earnings performance that's straight out of a blockbuster! In a market where every move is scrutinised, Adobe's latest financial results have set the stage for a dramatic rise in their share price, turning heads and winning the spotlight. Plot Twist: The Earnings Beat Just when analysts thought they had the script, Adobe surprised everyone by beating earnings expectations. Reporting an adjusted EPS of $4.48 against the forecasted $4.39, and revenue of $5.31 billion over the anticipated $5.28 billion, Adobe has shown it's not just playing the game but rewriting the rules. The AI Effect
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06-17
Chinese EV Stocks Drop Amid New Tariffs Concerns
🌟🌟🌟Last week Chinese EV companies saw their share price drop amidst concerns of new tariffs imposed by Turkey and the European Union. The sell off came after Turkey's trade ministry said on Saturday June 8 that it will impose a 40% additional tariff on imports of cars from China. This follows US raising tariffs on Chinese EVs to 100% in May 2024. On Wednesday June 12, the European Union said that it will hike tariffs on Chinese EVs on July 4 if discussions with the Chinese authorities do not lead to an effective solution. The European Commission believes that Chinese Built EVs are 20% cheaper than their European counterparts. This has helped imports including vehicles from Western brands, like Tesla and BMW that have car plants in China. This has resulted in EV imports sk
TOP[Bars] [Bars] [Bars] [Bars]
460
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06-17
Last Week (14 June) S&P 500 and NASDAQ Record Highs
Last week both S&P 500 and NASDAQ reach fresh record highs, closing 1.6% and 3.2% higher, respectively, while other major indices suffered declines, the Dow Jones Industrial Average declined 0.5%, and the Russell 2000 fell 1.0%. Mega Cap Stocks Crucial Role For Index-Level Gains Last week, the gains in the mega cap space played a crucial role in the index-level gains for the S&P 500 and NASDAQ. The equal-weighted S&P 500 slid 0.5% this week. The $Vanguard Mega Cap Growth ETF(MGK)$ jumped 3.4%. Apple (AAPL) was a significant winner, jumping 7.9% and hitting record highs after introducing "Apple Intelligence" at its Worldwide Developers Conference. Broadcom (AVGO) surged 23.4% following a better-than-expected earnings report, outlook, and
TOPPerfect analysis
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06-16
High Interest Rate = Big Wins for $MS. Buy !
On Mon, 10 Jun 2024, $Morgan Stanley(MS)$ CEO Ted Pick said that a higher-for-longer interest rates are "good for business." at a financial services conference hosted by it’s Research division. Mr Pick felt it is good for business mainly because Morgan Stanley’s management team have spent a lot of time refining the strategy. With the FOMC June 2024 meeting officially over, Mr Jerome Powel and team have confirmed that Fed funds rate remained status quo for another month. More importantly, US central bank has confirmed a single interest cut in 2024 due to: A string of sticky inflation readings during Q1 2024, and Surprisingly strong economic data. Current rate path presents a conundrum for many banks that: Rely heavily on the spread between what they
TOP[Bars] [Bars] [Bars] [Bars]
4.73K
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06-14
$SUPER MICRO COMPUTER INC(SMCI)$ Weekly. Nice day trade here. If you're long, take a good look at this. That volume profile is textbook distribution. Ever hear 'retail always buys the top'? This is what it looks like. That's Wall Street dumping their positions on the retail investment community. Days are used to draw in liquidity (buyers for them to sell to). Best bet for longs is an upthrust after distribution (UTAD). Unlikely IMO as the Apr 22 low already broke 'the ice'. Watch the diagonal demand line. If it loses that, all hell will break lose. I'll answer serious questions. Trolls will be blocked. Good luck either way. No current position.
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06-15
Clouded Judgement - Is Seat Based Pricing Dead?
If AI delivers on its promise, it may spell the end of the SaaS business model as we know it. Historically, cloud software businesses charged a recurring fee based on the number of users of their software - the SaaS model. Then infrastructure / dev tools software companies took a different approach - more of a consumption based pricing model (I’m generalizing, not all infra is consumption based). Look at $Twilio(TWLO)$ - they charge per message sent. Or $Snowflake(SNOW)$ who charges based on compute used or data stored. At the end of the day, software vendors want to align value delivered with price charged. Back to the Twilio example - let’s say I, as a solo developer, built an application on Twilio that
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06-15
Charts| Cryptos performance - TOKEN, NFP, PHB & MONG
Hello, everyone, Today I bring you the latest on hot cryptocurrencies:TOKENUSDT - Moon IdeaTOKENUSDT: TOKENUSDT - Moon IdeaA sketch using the bars pattern assuming a small drop down towards trend line established in white. From there price can do whatever it wants. This small drop down is caused by a large double top. 4Hr chart. Moonshot Hopium.NFPUSDT - Breakout of Larger TriangleNFPUSDT: NFPUSDT - Breakout of Larger TriangleNFP price has climbed its way out of the triangle or falling wedge plotted and is looking to attempt to find support on the upper trend line of the triangle Once support is found bullish activity will ensue Overall the trend is down on this 4Hr chart but I expect a reversal due to the break above the triangle or falling wedgePHBUSD - Rising Wedge BreakdownPHBUSD: PHBU
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06-15
Optimistic Outlook: SPOT & DIS Show Strong Bullish Trends
1. $Spotify Technology S.A.(SPOT)$ The premium business (green) gets most of the attention, but the upside for Spotify is advertising (blue).Today's Creative Lab along with “Quick Audio” to create scripts & voiceovers using generative AI is huge.Been talking about this for a year and it's finally here!Image2. $Walt Disney(DIS)$ Took the kids to Inside Out 2 today. I don’t want to say “Disney is back!” But it was a solid movie with some big laughs and just enough emotion. Not as good as Inside Out 1 or Onward, but much better than Luca, Soul, Elemental, and Turning Red.https://x.com/TravisHoium/status/1801663282018697591
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06-15
Apple Strikes Again
A lot of artificial intelligence startups died this week. $Apple(AAPL)$ introduced Apple Intelligence, which includes image and text generation along with the ability to search and understand a lot of content housed on your personal device.Image generation and text prompts aren’t new, but Apple is doing most of the AI computing on-device, negating the need for the cloud computing that powers most AI tools today.When combined with the generalizability of AI that I talked about a few weeks ago, I have to wonder if Apple will suck the oxygen from the room of the AI ecosystem.Artificial Intelligence & On-Device ComputeThe common narrative in AI has been that $NVIDIA Corp(NVDA)$ is the clear winner and wil
TOPappl to the moon. appl have tremendous potential. there are stories of lower appl demands, so what? it's undeniable iphone is the most popular phone in the world. and I be honest, girls will think that you are some kind of freak if you don't use iphone
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06-15
Key levels in times of overheated technicals
Every Friday, the Weekly S/R Levels are updated, this edition includes the annual ones for $S&P 500(.SPX)$ $iShares Russell 2000 ETF(IWM)$ $NASDAQ 100(NDX)$ $DJIA(.DJI)$BTC and ETH.These weekly levels have proven to be a reversal validator.The latest bullish reversal posted here on X two weeks ago, was based in these levels and oscillators, as highlighted by the yellow arrows.The 4 hours chart with the levels provided during the last two months provides references of price action when the central or blue level is lost.As highlighted in red, when that level is breached, a change in the trend happens.https://smartreversa
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06-15
IWM - Adding a reference to Small Caps here
$iShares Russell 2000 ETF(IWM)$ 42% of Russell 2000 companies are unprofitable as the chart below indicates.Today, Small Caps are historically cheap versus large caps.Cheap does not necessarily mean good, when analyzing what is behind the technicals.PEG, a fundamental indicator studied recently in Wednesday's educational content is significantly lower than Large caps: 9% versus 27% respectively. $Cboe Volatility Index(VIX)$ $GameStop(GME)$ ImageSure thing, and price for IWM is in consolidation, but it's worth knowing what happens below the surface.It's weird indeed, tech is driving the market, which is good, but removing the big 10, SPX shows a different story. Not
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