💰 Stocks to Watch Today (1 Aug)

1. Market Movers & News to Watch:

• AMD (AMD): All eyes on AMD after earnings—market is reacting to guidance and AI chip sales. Watch for follow-through or reversal after the big move.

• Nvidia (NVDA): Sympathy plays possible; if AMD’s tone is bullish, Nvidia could get dragged higher too.

• Coinbase (COIN): Tumbled 9% after missing revenue and reporting a sharp drop in trading volumes. Watching for stabilization or a further dip—may present a contrarian buy if crypto sentiment turns.

• Figma (FIG): Epic IPO, up 250% on debut—likely to be volatile as traders play the new listing.

• Palantir (PLTR): Earnings coming up—lots of hype on AI growth. May see pre-earnings momentum or profit-taking.

• China Tech/HSI: China ETFs (YINN, KWEB) in focus as Hang Seng holds above 25,000. Will the rally continue or is a pause due?

• Singapore Banks (DBS, OCBC): OCBC just reported—margin trends and reaction in sector worth watching.

2. Trading Opportunities & My Plans:

• AMD/NVDA: Trading post-earnings volatility. Will look for momentum or fading moves for scalps.

• COIN: Watching for signs of bottoming—if BTC rebounds, COIN could bounce.

• FIG: Only for the nimble—IPO volatility can be wild. Day-traders only!

• PLTR: Considering pre-earnings call spreads, but only if implied volatility isn’t sky-high.

• Defensives: If market volatility picks up, rotating some funds into healthcare, utilities, or staples as a safety net.

Game Plan:

Keep size in check—market’s been choppy post-earnings. Take quick profits, use stops, and don’t chase anything that’s already run far. Stay nimble and ready to flip bias if news shifts!