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The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.
What is the most effective way to react to the Fed rate hike? Join the conversation by sharing your thoughts.
1. We will reward you with 50 Tiger Coins when you share your knowledge about stocks and markets on here, depending onquality and originality.
(NOTE: Comments posted under this article WILL NOT be counted)
2. You will be given5 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: 23 March]
1. Here are the 6 Tigers whose post has the best quality & interaction yesterday: @0QH @LMSunshine @airui @Bunifa Latif @pekss @ๅธๆ2023
โMy Trading Plan for Chewy Shares After Earnings
Head I Win, Tail I Donโt Lose
Is the STORM over yet? Putting My Money on VIX Call Options
2. Here are the stocks mentioned by the above Tigers: $Cboe Volatility Index(VIX)$ $Chewy, Inc.(CHWY)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ $UNITED OVERSEAS BANK LIMITED(U11.SI)$ $ASML Holding NV(ASML)$ $State(STT)$ (Not investment advice)
And let's congratulate these Tigers for winning 5-30 Coins:
Below are Today's Key Takeaways.
Top News Move the Marketโ
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โTiger Community TOP10 Tickersโ
โญFor The Daily Most Active Stocks in S&P 500 & The Top 10 Popular Stcocks on WallStreetBets please turn to@TigerObserverโ
Wednesday Afternoon Market Recap
- $NVIDIA Corp(NVDA)$ โ Nvidia shares gained 1%, building on their recent outperformance.Wall Street analysts laudedthe companyโs artificial intelligence leadership following its developer conference Tuesday. The chipmaker unveiled a host of new products and partnerships that lifted confidence in its capabilities.
- $First Republic Bank(FRC)$ โ Shares of the regional bank were down nearly 16% on Wednesday. The bank has been exploring different strategic options, including a possible sale, after massive deposit outflows in the wake of the collapse of Silicon Valley Bank.
- $Nike(NKE)$ dropped 4.9% despite abeat on top and bottom linesand an increase in the full-year sales forecast. But the company said it expects fiscal 2023 margins to drop by about 250 basis points. Nike is in acup basewith a 131.41 buy point, and back below its 50-day line after briefly piercing it Tuesday.
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Share your ideas on the trading opportunities or the market trends, and you will win coins!โโ
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Comments
๐๐๐Greetings from the beautiful shores of Bay of Islands, New Zealand. So calm and peaceful. @MeowKitty @Derrick 1234 @CL Wong @Thonyaunn May you find your winning trades today. ๐๐๐๐๐๐
@LMSunshine @Mrzorro @Aqa @Fenger1188 @GoodLife99 @rL @SirBahamut @HelenJanet @pekss @Korer @JC888 @melson
@KenChee @b1uesky @rL @Aqa