August is now here and profitable

2022-08-01

The two main factors affecting the performance include earnings and economic data. On the earnings front, local listed companies have recently started releasing their results, with OCBC and DBS, which have a large share of the index, releasing their results this week. UOB already released its results last week. "UOB's earnings beat expectations, led by higher net interest income, and investors will be watching to see if OCBC and DBS can replicate this solid performance.

Markets will also be watching economic data mainly from the US this week, including ISM data, JOLTS job openings data, etc. Weaker than expected economic data may contribute to the U.S. Federal Reserve being forced to slow the pace of interest rate hikes, thereby supporting global risk appetite and boosting local stocks.

Leading the gainers was $JARDINE CYCLE & CARRIAGE LTD(C07.SI)$, up 5.04% to close at $29.41. Leading the decliners was $KEPPEL DC REIT(AJBU.SI)$, which slipped 2.90% to close at $2.01.

US Stocks Opportunities

Here are a theme that collects the best quality or your most bullish US stocks, Share your thoughts here!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Hktee
2022-08-01
Hktee
Like and comment :)
BengLee
2022-08-02
BengLee
[Miser][Miser][Miser]
gov
2022-08-02
gov
ok
MSing
2022-08-02
MSing
[Cool]
PKLim
2022-08-01
PKLim
good
ALEXNG88
2022-08-01
ALEXNG88
[smile]

Leave a comment

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On the earnings front, local listed companies have recently started releasing their results, with OCBC and DBS, which have a large share of the index, releasing their results this week. UOB&nbsp;already released its results last week. \"UOB's earnings beat expectations, led by higher net interest income, and investors will be watching to see if OCBC and DBS can replicate this solid performance. Markets will also be watching economic data mainly from the US this week, including ISM data, JOLTS job openings data, etc. Weaker than expected economic data may contribute to the U.S. Federal Reserve being forced to slow the pace of interest rate hikes, thereby supporting global risk appetite and boosting local stocks.Leading the gainers was <a href=\"https://ttm.financial/S/C07.SI\">$JARDINE CYCLE &amp; CARRIAGE LTD(C07.SI)$</a>, up 5.04% to close at $29.41. 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