Historic Moment: Nvidia Tops Microsoft as the "Global Stock King"!
After a 300-fold increase in share price over the past decade, the AI giant $NVIDIA Corp(NVDA)$ has finally ascended to the throne of "Global Stock King."$5 trillion next year?Nvidia's stock price has soared over 200% in the past year, but one optimistic analyst believes the best is yet to come, predicting a market cap of nearly $5 trillion next year.Hans Mosesmann, an analyst from Rosenblatt Securities, raised the chipmaker's target price from $140 to a whopping $200 on Tuesday. Nvidia surged 4.1% on that day, hitting an all-time high and becoming the world's most valuable company.Nvidia first broke through the $3 trillion market cap mark earlier this month, surpassing even $Apple(AAPL)$ . This leap in m
Jueeien Timmer's Midyear Market Outlook: Room to run
Jurrien Timer is the director of global macro in Fidelity's Global Asset Allocation Division, specializing in global macro strategy and active asset allocation. He joined Fidelity in 1995 as a technical research analyst.Key takeawaysWhile the current bull market is aging, and may be in its seventh inning, I believe it still has some room to run and that investors still have time on their side.So far, this year has closely tracked a historical pattern of strong returns in the fourth year of a presidential cycle.Rising earnings and the Fed's easing bias may also provide support for the market in the face of the headwinds of high inflation and rates.I believe the coming years could bring an end to the current bull super cycle—which might mean a transition from above-average to below-average r
Can Broadcom Replicate NVIDIA's Stock Split Success?
The stock split announcement drove $NVIDIA Corp(NVDA)$ 's share price up 27%, breaking through the $3 trillion mark and making it one of the big three in the U.S. stock market. Clearly, investors are still pumped about the concept of stock splits!On June 12th, $Broadcom(AVGO)$ , another chip giant, announced a 1-for-10 stock split along with stellar financial results, set to take effect on July 15th. This sparked a buying frenzy, and in just two days, its stock price soared 16%.All in on Broadcom Baird's Tristan Gerra kept his "Outperform" (Buy) rating and hiked the target price to $1,950 from $1,500, a 12% jump from last Friday's close. Deutsche Bank's Ross Seymore maintained his "Buy" rating and upped h
Netflix Bets Big On Smallest Southeast Asian Market, Expands Local Content Production To Replicate 'Squid Game' Success In a bid to replicate the success of its South Korean hit 'Squid Game', $Netflix(NFLX)$ is boosting its local content production in Southeast Asia. What Happened: Netflix is increasing its investment in original programming in Southeast Asia, particularly in Indonesia and Thailand, reported Bloomberg. The streaming giant is looking to capitalize on the region's large, young demographic and its potential for substantial growth. Netflix's Vice President of Content for Asia, Minyoung Kim, announced the company's plans to expand its content offerings and produce more shows in the region. "It
DBS, My First Trade With Tiger Brokers Is A Stock That Keeps Growing
🌟🌟🌟The First is always special - First Day At School, First Love, First Job. Anything that is first is always special. So it is with $DBS Group Holdings(D05.SI)$ my first trade with Tiger Brokers. DBS is the largest bank in South East Asia with a market capitalisation of SGD 101.04 billion. DBS has grown from a small Singapore bank in 1968 in tandem with the growth of Singapore as a dynamic financial centre due to excellent and prudent management. In the process DBS has received many accolades and awards including the World's Best Bank by Euromoney. DBS has even awarded me with bonus shares due to record earnings for 2023, with the Board proposing 1 bonus share for eve
$Advanced Micro Devices(AMD)$$NVIDIA Corp(NVDA)$ ‼️🚨AMD: The AI Game-Changer – Head and Shoulders Alert‼️🚨! Ready to Outshine Nvidia and Rule the Tech World 🌟 In the ever-evolving world of technology and semiconductors, staying ahead of the curve is essential. Enter Advanced Micro Devices (AMD) 🌐, a powerhouse that's not just riding the AI wave 🌊 but is ready to dominate it. Here’s why AMD stands out as the next big thing in the industry, poised to rival even the giants like Nvidia 🦾. Unveiling Next-Gen Powerhouses 🚀: AMD has recently introduced its next-generation "Zen 5" Ryzen processors, setting a new standard for AI and computing performance. The AMD Ryzen AI 300 Series and the Ryzen 9000 Series are d
Nvidia's Rally Faces Latest Test in Friday's Record-setting 'Triple Witching' Options Expiration Open interest in Nvidia options has eclipsed those tied to the S&P 500 - a development that one derivatives-market expert called 'very unusual' Nvidia Corp. shares could be in for a wild ride on Friday, as trading in contracts tied to the highflying chip maker has surged ahead of a record-setting June "triple witching" expiration. Recently, investors have piled into bullish bets tied to $NVIDIA Corp(NVDA)$ at a near-unprecedented pace, sending open interest on Nvidia call options above that of similar contracts tied to the $S&P 500(.SPX)$
$NVIDIA Corp(NVDA)$’s recent milestone is nothing short of astonishing. This week, their market cap surpassed $Microsoft(MSFT)$'s, solidifying their position as the world's leader. As someone who's been bullish on NVDA for a while, this is a thrilling development, and I believe the future holds even greater things. Nvidia chief executive Jensen Huang Many might remember Nvidia from their early days catering to the gaming community with their graphics cards. However, their reach has grown far beyond that. Nvidia has become the undisputed leader in AI chips, with a staggering 80% market share in the data center space. The explosion in AI development has been a major tailwind for Nvidia. Companies like OpenA
Since the start of 2024, $Summit Therapeutics PLC(SMMT)$ and $Viking Therapeutics(VKTX)$ have seen their share prices skyrocket, reaching 220% and 179% gains respectively, despite recent pullbacks. And according to Wall Street analysts, these biotech stocks still have plenty of room to grow. We can't ignore the strong momentum of these stocks. 1. $Summit Therapeutics PLC(SMMT)$ SMMT' stock price soared in late May this year. But before that, this US biotech stock had a rapid fall, losing up to 55% within the year.But SMMT came back with a bang! They reported stunning results from a phase 3 clinical trial of their candidate therapy. The bispecific antibody ivonesc
AI is a broad field that encompasses many different disciplines, including computer science, data analytics and statistics, hardware and software engineering, linguistics, neuroscience, and even philosophy and psychology. AI is the hottest investment theme in 2024 without doubt. Let's dive into a few AI hot stocks in the market today. PLTR Palantir is certainly an AI stock to watch, with its impressive growth and strategic moves, but it's not all smooth sailing. The company's ability to deliver consistent growth, and meet or exceed investors' lofty expectations, will be crucial in justifying its high valuation. Its late summer earnings report will be a key moment to see if the company can keep up its momentum, especially if any guidance updates are offered. PLTR daily chart For
Exxon Mobil Corp (XOM) Found Sellers at the Blue Box Area
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Exxon Mobil Stock (XOM) published in members area of the website. As our members know the stock has been showing incomplete sequences in the cycle from the April 12th peak. Recently XOM has given us the recovery that reached our selling zone. The stock found sellers right at the Blue Box area and made the decline toward new lows as expected. In the further text we are going to explain the Elliott Wave Forecast and trading strategy.XOM Elliott Wave 1 Hour Chart 06.06.2024The stock is correcting the cycle from the 117.49 peak , giving us ((ii)) black recovery. The price has already reached the extreme zone at 113.58-114.88 (Blue Box – sellers zone). As of right now, we e
Hello everyone! Today i want to share some option stratgies with you!1.Sold-to-open $Amazon.com(AMZN)$ June 21 exp 175 strike put in the IRA account. Would be happy to pick up more shares at that price (which is a recent bottom support level).2.Sold an Iron Condor on $S&P 500(.SPX)$ . Small position. June 18 expiration. 5505/5510 call credit spread & 5455/5450 put credit spread. 3. $KB Home(KBH)$ has earnings this week. Based on current AH price action, looks like $Lennar(LEN)$ is not reacting well for earnings. $Toll Brothers(TOL)$ dropped for its earnings release as well.
Uranium Miners ETF (URA) Looking to End Impulsive Rally
The Global X Uranium ETF ($URA) provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components. It includes those miners involved in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries. $URA offers a convenient way for investors to gain diversified exposure to uranium without directly owning physical assets or individual stocks. Below we will update the Elliott Wave outlook for this ETF. $URA Elliott Wave Chart Monthly Chart Monthly Elliott Wave Chart of Uranium ETF (ETF) shows that wave ((II)) Grand Super Cycle correction ended at 6.95. Wave ((III)) higher is currently in progress with internal subdivision as an impulse. Up from wave ((II)), wave I ended at 31.6 and wave II dip
Microsoft Corp. ( $MSFT) React From the Blue Box Area as Expected
Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Microsoft Corp. ($MSFT). The rally from 6.03.2024 low at $408.93 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 7 swings and find buyers again. We will explain the structure & forecast below: 7 Swings WXY correction $BAC $MSFT 1H Elliott Wave Chart 6.14.2024: $MSFT Here is the 1H Elliott Wave count from 6.14.2024. We expected the pullback to find buyers at the blue box area at 437.91 – 434.54 in 7 swings. $MSFT 1H Elliott Wave Chart 6.14.2024: $MSFT Here is the next 1H update taking place within the same day, showing the bounce taking place as expected. The stock reacted higher from the blue box area allowing longs to get risk free. The stock is expected
Elliott Wave Expects Nasdaq 100 (QQQ) to Continue Higher
Short Term Elliott Wave in Nasdaq 100 ETF (QQQ) suggests it shows a bullish sequence from 4.20.2024 low favoring more upside. Up from 4.20.2024 low, wave 1 ended at 461.5 and pullback in wave 2 ended at 443.06. The ETF has extended higher in wave 3. Internal subdivision of wave 3 is unfolding as a nesting impulsive structure. Up from wave 2, wave (i) ended at 455.58 and wave (ii) ended at 447.9. Wave (iii) higher ended at 465.55 and pullback in wave (iv) ended at 460.54. Last leg wave (v) ended at 465.74 which completed wave ((i)) in higher degree. Pullback in wave ((ii)) ended at 461.5 and the ETF has extended higher. Up from wave ((ii)), wave i ended at 465.19 and wave ii dips ended at 462.03. Then it rallied higher in wave iii towards 478.28 and wave iv pullback ended at 473.80. Last le
🟩 In this insightful video, Iggy the Investing Iguana breaks down the potential rebound of Singapore's Real Estate Investment Trusts (S-REITs) and the Singapore Exchange (SGX) due to falling yields. With his signature blend of expertise and wit, Iggy explains how declining risk-free rates, like the 10-year US Treasury yield, could create a tailwind for income-generating properties owned by S-REITs. Iggy delves into the intricacies of how lower yields make S-REITs more attractive to investors seeking higher returns, potentially driving up demand and valuations. He also explores the potential impact of the European Central Bank's move to a CapitaLand-owned building, which could further boost S-REITs like CapitaLand Integrated Commercial Trust. 🔔 Make sure to SUBSCRIBE and turn on notificatio
10 Industries & 10 Stocks to Outperform the Next Decade, Vote Your Pick
1. $NVIDIA Corp(NVDA)$ Semiconductors $NVDA are continuing to be the core of the AI revolution with their GPU technology becoming more and more vital in the growing digital economy. 2. $SentinelOne, Inc(S)$ Cybersecurity $S are rapidly winning share in the emerging technology cybersecurity market whilst maintaining their position as a key player in the endpoint market. They're the fastest growing cybersecurity company and are trading at a very reasonable valuation post Q1 earnings. 3. $MercadoLibre(MELI)$ E-Commerce One of the most diversified companies in LatAm. With LatAm e-comerce set to double over the next 3 years, leading companies like $MELI will set to benef