💡 Stocks of the week (12 Aug-18 Aug)

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Weekly movers:

• The uncertainty surrounding the U.S. economic outlook is testing investors' confidence in tech stocks. Can NVIDIA $NVIDIA Corp(NVDA)$ , as the AI leader, continue to fuel the "AI faith"? Recently, Asian stock markets have been on the rise, driven by expectations of a Federal Reserve rate cut. However, on Monday, the rally in Asia-Pacific markets took a pause, with stocks opening lower and continuing to decline. Meanwhile, gold prices and Asian currencies continued to climb, with gold breaking through the $2,500 per ounce mark for the first time, and the Chinese yuan steadily rising to around 7.15. Concerns about a U.S. recession have eased, with expectations of a soft landing for the U.S. economy, signaling the start of a rate-cutting cycle by the Federal Reserve as inflation cools. Last week, global stock markets posted their best week in nine months.

  Tiger’s view @nerdbull1669

  Last week (12-16 Aug) positive economic data releases like the Producer Price Index for July that showed disinflation in total and core PPI. Consumer Price Index for July was in line with expectations. Retail Sales report for July was much better than expected. Weekly jobless claim report reflected ongoing strength in the labor market.

  These positive releases helped the market to feel positive about the economic environment and labor market, which triggered investors coming back with strong buying activity.

  Though we saw a disappointing housing starts and building permits report for July on 16 August (Friday), that did not stop the market from the strong rally last week (12-16 August).

  Last week upside bias was also helped by the solid earnings and comments on consumer from Walmart. Cisco solid fiscal Q4 operating performance also helped to push the market.

$GameStop(GME)$ $AMC Entertainment(AMC)$ $Faraday Future Intelligent Electric Inc.(FFIE)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $SUPER MICRO COMPUTER INC(SMCI)$ $Apple(AAPL)$ $Alibaba(BABA)$ $Advanced Micro Devices(AMD)$ $Palantir Technologies Inc.(PLTR)$
Among all the stocks above, are there any that you would most like to buy? Please comment to win Tiger Coins!

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