These days, $Baidu(BIDU)$ 's Apollo GO is all the rage. It's blowing up on short video platforms with tons of users sharing videos, and folks are joking that soon even ride-hailing won't stand a chance!Apollo GO Firing!News reports claim Apollo GO has already racked up 5 million orders, hitting over 20 orders per day at peak times in Wuhan!What does that mean? Well, your average taxi driver in Wuhan handles about 20 rides a day. In other words, in Wuhan, self-driving taxis are matching traditional cabs.Moreover, the data show that Wuhan citizens' satisfaction with the travel service of fully driverless vehicles is generally high. Apollo GO's app boasts a whopping 4.9 satisfaction rating, with 94.19% of users giving it a full 5 stars.In addition to
Understanding Market Cycles & The Importance of Technical Analysis
Market cycles are a fundamental concept in financial markets, characterized by recurring phases of economic expansion and contraction. These cycles influence the behavior of investors and the overall performance of the stock market, making it essential for investors to understand and navigate them effectively. The Continuous Nature of Market Cycles Market cycles are perpetual, rarely transitioning from "overpriced" to "fairly priced" and stopping there. Usually the growing pessimism will cause the markets to continue right through from “fairly priced” and on to “underpriced” before going back up to “fairly priced” and then “overpriced” again and this cycle continues on and on. You can imagine it to be something like a pendulum. When you pull a pendulum to the extreme left and release it, i
FCOM Fidelity Communication Services ETF Is On The Rise
🌟🌟🌟The Communications Services Sector has posted strong results since 2023 thanks to recovering earnings and enthusiasm on AI. As a result $Fidelity MSCI Communication Services Index ETF(FCOM)$ has risen 2.8% in the past 5 days and it is now up 20% year todate. In 2023 FCOM has jumped 32%. FCOM represents the best and strongest US companies in the Communications sector. These include both telecommunications, the media and entertainment industry. The Top 10 holdings include $Meta Platforms, Inc.(META)$ $Alphabet(GOOG)$ Verizon Communications,
10 July Market Solid Performance. Indices Up More Than 1%!
On Wednesday (10 July), we saw the stock market giving a solid performance enabling the major indices gaining more than 1.0%. The S&P 500 closed +1.02% above the 5,600 level for the first time. However, the trade on Wednesday garnered below-average volume due to hesitation ahead of the Thursday (11 July) June Consumer Price Index release tomorrow and the start of earnings season on Friday (12 July) Fed Chair Testimony Ended With No Surprise With the conclusion of Fed Chair’s two-day semiannual testimony on monetary policy with an appearance before the House Financial Services Committee. No surprise was given like Tuesday (09 July)’s remarks to the Senate. This is one key economic data we need to look out : Thursday June Consumer Price Index (CPI) at 8:30 am Eastern Time. S&P 500 Me
JPMorgan Chase (JPM) Positive Outlook for 2024 If Rate Cut Happen September, NII Grow.
$JPMorgan Chase(JPM)$ is expecting to release its earnings on Friday (12 July) before the market open, we are also seeing several big banks scheduled to report their earnings, Analyst is anticipating JPM to report earnings of $4.13 per share (-15% YoY) for JPM's Q2 on revenue of $44.0 billion (+3.9% YoY). The factors that investors might be focusing is loan growth for many banks remains sluggish due to high interest rates, which could continue to weigh on net interest income (NII) in the near term. NII growth potential is close to turning, though this largely depends on the timing and magnitude of the Fed's rate-cutting cycle. JPMorgan Chase reported net interest income of $23.3 billion in Q1 and $21.9 billion in Q2 2023. JPMorgan Chase (JPM) Yea
I opened $Lululemon Athletica(LULU)$ ,Bought some lulu stock to dca as it is under valued. SPX keeps going up but retail stocks keep falling only AI stocks are rising but eventually it will rotate just not sure when
I closed $SMH 20240802 240.0 PUT$ ,SMH: close the trade with about 75% of max potential premium collected from this cash secured Put. Trade only took 8 days to secure profit and with 23 days till expiry so won’t wait for it. SMH is finally testing its all time high again today and we’ll see if a breakout or a reversal is in play.
All-Time-High Stocks: Will JPM Kick Off a Strong Earnings Season?
$Eli Lilly(LLY)$ closed at $932.50 yesterday. Eli Lilly has seen a year-to-date increase of 59.97%, and shown strong resilience after last week’s bearish news. It’s highly like to split the stock and is marching toward 1 trillion market cap. Also, its peer $Novo-Nordisk A/S(NVO)$ presents same strong rally $Costco(COST)$ closed at $886.85 yesterday. Costco has experienced a remarkable year-to-date surge of 34.35%, reflecting its robust membership model and strong sales growth. $Wal-Mart(WMT)$ closed at $69.90, marking a year-to-date rise of 33.02%, supported by its extensive retail presence and e-commerce expansion.
Tesla Reaches $265, Institutions Roll to Next Upside Targets
Let's Discuss Targets for the Three Tech Giants $Tesla Motors(TSLA)$ On Tuesday, Tesla shares continued rallying, briefly hitting a high of $265.61 and achieving the interim upside target. This triggered a slew of institutional roll trades towards higher strikes.For example:Call RollClosed: $TSLA 20240712 $245 Call$ - 32,000 contractsOpened: $TSLA 20240719 $275 Call$ - 29,800 contractsThe key detail here is that the $245 calls showed only 23,000 contracts closed out against the roll, meaning the other side just outright bailed without a buyer. The market makers ran for the exits.What does this signal?The two highest call strikes for this week have become the $300 and $275 calls!And friends, this is only mid-week with Tesla just breaching $260.Nake
During the first quarter, these hedge fund managers trimmed their positions in Nvidia and reallocated capital to other AI stocks. Many investors see $NVIDIA Corp(NVDA)$ as the quintessential artificial intelligence (AI) stock because its chips provide the computing horsepower needed to train the most advanced AI systems, such as OpenAI's ChatGPT and $Tesla Motors(TSLA)$ 's full self-driving (FSD) software. Recently, some hedge fund billionaires sold Nvidia stock during the first quarter, while purchasing shares of $Palantir Technologies Inc.(PLTR)$ and/or $SUPER MICRO COMPUTER INC(SMCI)$. These two supercharged AI stocks
META, GOOG, MSFT Layoffs: A Glimmer for Q2 Earnings ?
Jobs Cut Still In Motion. The tech industry's layoffs have not stopped. After starting in 2023, many companies like Google, Microsoft, Meta Platforms and Amazon, among others are still cutting jobs in 2024. Recently Microsoft laid off a bunch of people in product and program management roles, impacting multiple teams and geographies. Notably, despite these cuts, major tech companies keep releasing new artificial intelligence (AI) features and products. CEOs Explained. (1) $Meta Platforms, Inc.(META)$. Meta's move towards "year of efficiency". Parent company of Facebook, Instagram and WhatsApp is among the first tech giants that announced job cuts. On the first round of industry-wide layoffs, CEO Mark Zuckerberg has said in February 2024: The compa
Earnings season begins this week.The stock market has had a great year in a lot of ways in 2024. You can see below, markets are up, although gains are heavily weighted to the $NASDAQ 100(NDX)$ and the biggest of the big tech stocks.Everything AI has zoomed higher. We don’t yet know if that’s speculation or something real, but I’ll get to that below.The Asymmetric Portfolio continues to suffer from a lack of exposure to big tech. I think that will be a wise allocation of resources long-term as many big tech companies (Apple in particular) see stocks rise from multiple expansions and not earnings growth. And I’m not buying into the AI bubble I see forming, which may be right long-term but hasn’t been short-term. Earnings season will tell us a lot abo
AHR Set to Grow 6.5% Yield with Demographic Tailwinds and Expansion
6.5% Distribution Yield.Strong demographic tailwinds in the US, with the over 80 population increasing by more than 50% by the end of the decade.Occupancy rates are trending above pre-COVID average, with AHR reporting 91% weighted average occupancy.Seeking to offload an additional $50 million in non-core assets to fund expansion and purchasing the remaining interest in its largest operator.Strengthened balance sheet by going public. Debt now has a 4.89% weighted average interest and a 9.7-year average term.Investment Thesis $American Healthcare REIT Inc(AHR)$ is an REIT focused on nursing homes and other health infrastructure. AHR operates both traditional triple-net leases which provide stability, and RIDEA (REIT Investment Diversification and Emp
Tech Titans Drive US Stocks: Only 17% of S&P 500 Outperform Index
Over the past 30 days, the $SPDR S&P 500 ETF Trust(SPY)$ has soared more than 3.5%, which is pretty dazzling considering signs of a slowing economy. Data AnalysisYet underlying investors' optimism is a worrying fact: only 17% of $S&P 500(.SPX)$ stocks have beaten the index over the past month. That’s a historic low! Let’s crunch the numbers: out of the S&P 500 stocks, a mere 85 have outperformed the index over the past 30 days. That’s the lowest it's been in at least a decade. By comparison, over the past ten years, the average has been around 49%, hitting over 50% in the latter half of 2022, late 2023, and early 2024.Bottom line? The US stock market’s surge is being driven by just a handful of
Smart driving and Robotaxi have the potential to bring significant upside potential for $Tesla Motors(TSLA)$, but it's not without challenges. Tesla's success in this area will depend on various factors, including market demand, competition, and the company's ability to address regulatory, ethical, and technological challenges. If successful, Robotaxi could increase revenue, enhance autonomous driving technology, reduce transportation costs and emissions, and expand mobility services. I'm a proponent of innovation and progress, and I fully support the development of robotaxi technology. I also believe that individuals should be able to own and monetize their robotaxi vehicles. However, personally, I'm not
My mid-year results indicate that I underperformed the Nasdaq benchmark. To adjust my approach, I plan to: - Boost my automatic investments to implement a dollar-cost averaging strategy in $Invesco NASDAQ 100 ETF(QQQM)$ and $SPDR Portfolio S&P 500 Growth ETF(SPYG)$ - Limit active trading to: - Buying during 10-15% market dips - Selling at 10-15% profit targets This revised strategy aims to improve my performance in the sec