On Thu, 21 Nov 2024, US stocks climbed after market superstar $NVIDIA Corp(NVDA)$ and other US companies said they are more profitable than expected. (see below) US market bucked Wednesday downwards trend and ended trading day higher: DJIA rose +1.1% (+461.88 points to 43,870.35), hitting a one-week tops. (see above) S&P 500 rose +0.5%, (+31.60 to 5,948.71). Posted 67 new 52-week highs and 4 new lows. Also hitting a one-week tops. Nasdaq rose less than +0.1% (+6.28 to 18,972.42). 2,875 stocks rose and 1,444 fell as advancing issues outnumbered decliners by a 1.99-to-1 ratio. Trading volume on US exchanges was 15.32 billion shares, compared with 14.55-billion average for the full session over the last 20 trading days. US market - Week to date:

It was just last week, that I shared a post on Palantir’s strategic move to migrate from the S&P 500 index to Nasdaq. (click here ! to read and repost to share) And the potential of its value (and stock price) rising further if it is selected to join the $NASDAQ 100(NDX)$ index. Even before this piece of good news has thoroughly filtered through, I am sharing another piece of celebratory (hopefully) news. With the unveil of ChatGPT in November 2022, artificial intelligence has taken the world by storm. Software companies are touting how AI-powered services can yield higher productivity levels in the w

The Comeback Kid ? $SUPER MICRO COMPUTER INC(SMCI)$ stock have staged a ‘remarkable recovery’ of sort since Fri, 15 Nov 2024. On Tue, 19 Nov 2024, it soared as the server maker’s plan to stay listed on the Nasdaq exchange appeared to soothe investors. In just over 2 days, it has re-gained $9.69 or +52.15% to $28.27 per share: (see below) By end Monday, it rose by +15.93% ($2.96). By end Tuesday, it rose by +31.24% ($6.73). SMCI bottomed last Thu, 14 Nov 2024 at $18.01 per share. By Fri, 15 Nov 2024, it added $0.57 to its Thursday closing price. When trading resumed this week, it climbed exponentially. According to Dow Jones Market Data, SMCI shares were on pace for their largest percentage increase since Feb. 22. Based on Tuesday performance, the

Total Eclipse. It has been a while since I last posted on NIO. This Chinese EV maker is due to release its earnings report card today before US market trading begins, I thought I share a post on them. If not, NIO’s spotlight will be ‘stolen’ and eclipsed by $NVIDIA Corp(NVDA)$ quarterly earnings that have already been hogging the limelight for the past few days and into Wednesday evening (US time). Stock Take. For October 2024, Chinese luxury electric vehicle maker $NIO Inc.(NIO)$ stock reported deliveries of 20,976 vehicles; that is roughly flat versus September. Comparatively speaking, Nio’s deliveries has been up +30% YoY. Deliveries for the first 10 months of 2024 came in at 170,257 vehicles. This is u

I am getting a little tired and uninspired. Currently, almost all news stop is talking about $NVIDIA Corp(NVDA)$ and its impending Q3 2025 earnings, due Wed, 20 Nov 2024, after market closing. It's like the old days when Steve Jobs was alive. All the news was about him, his ideas, and his new products. Overall Tally. On Mon, 18 Nov 2024, corporate earnings continued to be released at an unrelenting pace. Earnings season is almost coming to an end with a big finale, expected this week. According to Oppenheimer’s Monday notes: More than 90% of reports from S&P 500 companies are in. So far Q3 2024 profits are up +6.8% YoY, with eight of the benchmark index’s 11 sectors reporting rising earnings—on the back of 5% revenue growth. More than 90% of t

In total, I have covered $Destiny Tech100 Inc(DXYZ)$ over 2 posts: (see below) 13 Nov 2024 - DXYZ outperforms TSLA, Worth The Hype ? 01 Sep 2024 - SpaceX - Investment New Frontier ! Invest now ? The first post traces the origin of the closed end funds, with a bit of gossips thrown in. The later post highlighted the sudden stock price surged, post US presidential election. where its performance was even ‘better’ than $Tesla Motors(TSLA)$. Now, I finally know why the sudden price surge. (see below) Even if the above is a hearsay, isn’t there a Wall Street ‘ adage’

Rally Ended! US stock market’s post-election euphoria came to a screeching halt last week, after its last ‘high’ on Mon, 11 Nov 2024. Thereafter it was downhill all the way. (see below) For the week: (see above) Dow Jones Industrial Average fell by -1.39% (-612.66 to 43,444.99). The S&P 500 fell more by -2.3% (-138.24 to 5,870.62). The tech-heavy Nasdaq Composite sank by -3.49% (-657.22 to 18,680.12) Two firm inflation readings (CPI & PPI - click to read) and commentary from Fed Chair Jerome Powell weighed on markets last week. Mainly it is the growing uncertainty over the Fed's last interest cut for 2024, outweighing investor excitement over Trump's potential policy agenda. Just look at the CME FedWatch tool’