#MarketTrends
Investing in BRICS: The Next Big Opportunity?
The IMF’s 2024 GDP growth forecasts reveal a mixed outlook for major nations. While global growth remains steady at 3.2%, several G7 and BRICS countries are projected to experience slower growth in 2024.
China and India maintain high growth rates, but China’s pace has slowed. BRICS nations, despite lower forecasts, still outpace the G7 average.
BRICS’ expansion faces challenges, but it aims to surpass the G7’s economic size in the coming decades.
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The Insight: How To Find The Opportunities
China and India: Consider investments in sectors aligned with their growth (e.g., technology, consumer goods).
BRICS Nations: Monitor opportunities in emerging markets, especially sectors showing resilience.
G7 Nations with Positive Growth: Explore companies benefiting from their recovery (e.g., German exporters).
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#QuoteOfTheWeek
“In the long run, it’s not just about the numbers; it’s about sustainable growth." - Warren Buffett
Warren Buffett’s wisdom emphasizes that long-term success in stock investment transcends mere numerical gains.
Sustainable growth involves more than short-term profits; it encompasses factors like company fundamentals, resilience, and adaptability.
Investors should focus on businesses with enduring strategies and a commitment to long-lasting prosperity. 📈🌱
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#What is happening recently?
ASX 200 Inches Up: What’s Next?
The ASX 200 had a relatively flat week, with only a 0.1% increase.
Initially, positive sentiment helped, but higher-than-expected Australian inflation data mid-week weighed down the market.
Additionally, BHP’s rejected takeover bid for Anglo American impacted the index’s performance.
Nasdaq and S&P 500 Surge: Bullish Momentum!
In contrast, the US markets saw an upswing. The Nasdaq and S&P 500 both posted impressive gains of 4.2% and 2.7%, respectively.
Mega-cap tech companies led a Friday rally, resulting in the best week for these indices in 2024.
Despite soft GDP data and a hot PCE print, investor optimism remains strong. The market is now pricing in 1.5 rate cuts for the year, potentially starting in September.
Tesla’s Crisis: Automaker or AI Pioneer?
Tesla is grappling with its identity. Is it primarily an automaker with shrinking margins, or is it more focused on software, AI, and robotaxis?
While the latter business model will take time to materialize, growth rates and margins are currently declining.
Expect continued volatility as Tesla navigates this transition.
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Best Regards,
James Lim, SFA Founder
Disclaimer:
Stewardship Finance Academy does not provide financial advisory services. The content in this email/website serves solely for general educational purposes and is crafted without taking into account your specific objectives, financial status, or requirements. It is advisable not to depend on any guidance or information from this website. Prior to making any investment choices, it is suggested that you assess its suitability for your circumstances and consult with relevant financial, tax, and legal professionals.
Top 3 discussed stocks : $Tesla Motors(TSLA)$ $Pinduoduo Inc.(PDD)$ $NVIDIA Corp(NVDA)$
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