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Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins!
[Rewards]
We will reward you with 50 Tiger Coins when you share your knowledge about stocks and markets here, depending on quality and originality.
(NOTE: Comments posted under this article WILL NOT be counted)
2.You will be given 5 Tiger coins if you tag more than 3 friends in the comment area
Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not investment advice though)
Is there anything you would like to share about your trades today?
[Winners Announcement: 17 July]
1.Here are the 6 Tigers whose post has the best quality & interaction yesterday: @ZEROHERO @nerdbull1669 @JC888 @koolgal @Trend_Radar @Trader2000
Congratulations on being offered 50 Tiger Coins!โ
$AMZN Show a Upward Gap, Can Prime Days Start a Prime Rally?
Buy Pepsico For Its Better Earnings and NASDAQ100 Rebalance
S&P 500 Up More Than 3% Since Rate Hikes Started ๐คฉ
2.Here are the stocks mentioned by the above Tigers: $S&P 500(.SPX)$ $Amazon.com(AMZN)$ $HSI(HSI)$ $Pepsi(PEP)$ $SPDR S&P 500 ETF Trust(SPY)$ $Wells Fargo(WFC)$(Not investment advice)
And let's congratulate these Tigers for winning 5-40 Coins:
Below are Today's Key Takeaways.
Top News Move the Market
Weekly Hot Stocks
โญFor The Daily Most Active Stocks in S&P 500 & The Top 10 Popular Stcocks on WallStreetBets please turn to @TigerObserver
โGlobal Markets Weekly Update
Stocks recorded a week of strong gains, as investors welcomed data showing a continued cooldown in inflation. The S&P 500 Index ended the week 6.50% below the all-time intraday high it established in early 2022. The Nasdaq Composite recorded an even stronger gain but remained 12.94% below its record peak. Standout performers within the S&P 500 included casino operators, along with regional banks and asset managers. Laggards included some major pharmaceutical firms and the typically defensive consumer staples sector. Friday saw the unofficial start of earnings season, as bank giants Citigroup, JPMorgan Chase, Goldman Sachs, and Wells Fargo reported second-quarter results.
The signal event of the week appeared to be Wednesdayโs release of consumer price index (CPI) inflation data. Both headline and core (excluding food and energy prices) inflation rose 0.2% in June, a tick below expectations. The annual increase in headline inflation slowed to 3.0%, its slowest pace since March 2021, while core inflation slowed to 4.8%, the slowest since October 2021.
Producer price index (PPI) inflation data, released Thursday, was arguably even more encouraging. Headline producer prices rose only 0.1% over the year ended in June, nearing deflation territory. Core producer prices rose 2.4% over the period, but near the Federal Reserveโs overall inflation target of 2.0% and at their slowest pace since January 2021.
Futures & Commodities
WTI ๏ผWTI extends previous dayโs pullback from multi-week high, holds lower grounds of late.Clear downside break of 61.8% Fibonacci retracement level, bearish MACD signals favor Oil sellers.Convergence of 50-SMA, 50% Fibonacci retracement puts a floor under the Oil price.Recovery needs validation from $79.40 to convince buyers.
Gold ๏ผGold Price struggles to extend two-week uptrend, edges lower after refreshing one-month high.Softer United States inflation numbers flag concerns about Federal Reserveโs policy pivot and propel XAU/USD via downbeat US Dollar.Mixed China updates, Fridayโs upbeat US data prod Gold buyers during Fed policymakersโ silence ahead of late July FOMC.
The week ahead:July 17-21
Economic calendar
Earnings calendar
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Stay safe and good luck with your investing!
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