All thanks to Tiger once again for awarding the the double win of the weekly top predictions for QQQ and SPY. Let’s gear up for more profitable trades next week! 🤩 Stocks rallied and VIX tumbled on Friday as traders cheered a strong jobs reports and lawmakers passing a debt ceiling bill that averts a U.S. default. VIX average level is about 18-20 The major averages were higher for the week. The S&P 500 and Nasdaq were 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory, last up 1.9% week to date. The Nasdaq is on pace to end its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020. You say jump, I say how high? Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill

Eons ago, June had been a weak month, second only to September. Good news is the bearish effect has dissipated over time. Using S&P 500 as a benchmark - for the last 50 years, the month of June has been up 30 times. Now for an even better news. The number would be even “higher” if S&P has been strong, going into June, like now. Isn’t this a wonderful piece of news to know? Hope that my attempt at S&P 500 “technical drawing” (see above) is able to support the good news mentioned above (if my life depends on it - LOL!). The deal to raise US debt ceiling has been passed by Congress (Hse Rep & Senate) and wrapped up by President Biden already over the weekend. The act alone (hopefully) could boost some of the unloved corners of the US stock market. This would be: Energy. Indu

Last Friday, the May non-farm payroll data was clearly impressive. 339,000 non-farm jobs were added, nearly double the market's expectation of 195,000. Additionally, the non-farm payroll data for March and April were significantly revised upward. In March, the number of new non-farm jobs was revised from 165,000 to 217,000, and in April, it was revised from 253,000 to 294,000.United States Non Farm PayrollsAmong them, the education, healthcare, business, and leisure accommodation sectors continue to be the main sources of employment growth. Previously, due to labor market mismatches, some vacant positions in the service industry have been filled.However, on the other hand, there is a contradiction as the unemployment rate increased by 0.3 percentage points to 3.7% compared to the previous

With the traditional "Just one more thing" moment of the Jobs era, $Apple(AAPL)$ CEO Tim Cook introduced Apple Vision Pro, a highly anticipated VR eyewear product, at Monday's WWDC. Although the ultimate size of the market for this product is still unknown, the current price of around $3,500 may discourage many consumers from purchasing it. Apple Vision Pro headsetHowever, the technology itself is fascinating. Vision Pro will allow users to see a larger screen through headphones and control it using their eyes, hands, and voice, unlike $Meta Platforms, Inc.(META)$’s Oculus, which relies on external hand controllers.Quest 2Currently, the most mature commercial application of virtual reality is gaming. Appl

As of closing on May 31, The $S&P 500(.SPX)$ closed up 0.25% in May to 4179.83 points; $NASDAQ(.IXIC)$ closed up 5.8% to 12935.28. $DJIA(.DJI)$ closed down 3.49% to 32908.27.Judging from the industry standard of the $S&P 500(.SPX)$ index in May, three sectors closed up: technology stocks rose 9.12%, followed by the Communication Services sector, which closed up 6.25%. Then there is the Conumer Cyclical section.Data:https://finviz.com/Data:https://finviz.com/Specifically, the month-to-month increases in the technology sector include: $Alphabet(GOOGL)$

Since the beginning of the year, the US economy has maintained a downward trend in the general direction, but its resilience has exceeded market expectations. Looking back at the last endogenous recession, it may give us more enlightenment. In fact, before and after the end of the interest rate hike cycle from 2004 to 2006, the US stock market also continued to rise, and the US economy showed the characteristics of structural differentiation. After the interest rate hike ended, there was once a great hope for a soft landing. Looking back at that time, we found that: first, the lagging effect of interest rate hikes needs sufficient time to show; second, the market often underestimates financial risks before the fact, believing that "this time is different." However, as the lagging effect of

Welcome, esteemed investors, to the captivating world of Broadcom—a high-flying semiconductor giant that promises a ride filled with excitement and insightful financial data. Today, we embark on a thrilling journey to explore whether Broadcom is poised for success or if it's just another roller coaster ride of uncertainty. So, fasten your seatbelts, tighten your grip on that coffee mug, and get ready for a captivating analysis that will leave you both informed and engaged. Financial Performance: Let's start by strapping on our accountant's visor and diving into some juicy financial data. In recent years, $Broadcom(AVGO)$ has been making a splash with its impressive revenue growth. In the fiscal year 2022, the company reported a staggering $29

The Federal Reserve maintained its position and met market expectations during the June meeting. However, the major change was a significant upward adjustment in the dot plot, with the Fed now expecting two more interest rate hikes within the year, which exceeds market expectations. This hawkish stance is driven by the resilience of the US economy and persistent inflation, especially stubborn core inflation, which has compelled the Fed to consider raising interest rates. Nonetheless, the Fed doesn't want to hike too quickly, hence they have chosen a "steady progress" approach for now and refrained from raising rates in June.Overall, we believe the Fed has a strong inclination to continue raising rates if the upcoming data remains stable. For instance, if GDP, unemployment rate, and other d

As market volatility increases, identifying investment opportunities in defensive sectors becomes crucial for investors. These defensive sectors exhibit resilience during major market downturns and have the ability to withstand inflation while remaining unaffected by economic cycles.Defensive Stock Outlook: Consumer Staples, Health Care, Utilities and Consumer DurablesFirstly, the consumer goods and resource consumption industries are worth considering as defensive sectors. Regardless of economic conditions, people continue to fulfill their basic needs related to food, clothing, housing, and transportation. This includes stocks in the beverage, food and beverage, retail, and tourism sectors, like $Home Depot(HD)$.Secondly, the banking sector is anot

Thanks to Tiger for awarding the weekly top predictions for SPY again. Are we ready for more amazing trades next week? Come join me! 😎 The CBOE Volatility Index — also known as Wall Street’s “fear gauge” as it approximates expectations for how much the S&P 500 will rise and fall in coming weeks — closed Friday at 14.60, its lowest since Feb. 19, 2020, shortly before the Covid pandemic closed the economy. Greed is good? 🤔 On the other hand, The SPDR S&P 500 ETF Trust (NYSE:SPY) experienced an outstanding $18.1 billion in net inflows last month, the greatest flow performance since December 2021, when the fund received $25.6 billion, according to Koyfin data. Green with envy 🤑 The ETF is the world's biggest with approximately $400 billion in assets under management. The inf

A small uptick has broken the decline that sportswear brand $Nike(NKE)$ has experienced for over a month. Many investors are still reeling from the March financial report.It must be said that there is a significant difference in performance among companies in the consumer discretionary sector, which can be attributed to the following factors. Firstly, different industries are affected differently in an inflationary cycle. The industry determines the foundation of a company, so even the most outstanding companies in their respective industries find it difficult to resist the impact of inflationary cycles. That's why consumer discretionary is also known as "cyclical" sectors, including restaurants, automobiles, e-commerce, travel, home furnishings, a

$lululemon athletica(LULU)$ announced its performance for Q1 of the fiscal year 2023. Unlike the overall slump in the clothing retail sector and the recent sell-offs of luxury brands, LULU's strong Q1 performance and Q2 guidance led to a 13% surge in its stock price after hours.Performance Overview- Total revenue reached $2 billion, a year-on-year increase of 24%, or 27% growth on a fixed exchange rate basis.- International market growth was 60%, while North America grew by 17%.- Comparable store sales increased by 14% year-on-year or 17% on a fixed currency basis.- Direct-to-consumer revenue grew by 16% or 18% on a fixed exchange rate basis, accounting for 42% of total sales.- Gross margin reached $1.2 billion, with a gross profit margin of 57.5%

Wednsday, FOMC will announce the June interest rate decision. Before that, the May CPI data, especially the core CPI, released on Tuesday (June 13th), will serve as the final important guidance. Apart from investors' focus on whether the Federal Reserve's monetary policy will "pivot," they will also pay attention to the dot plot of interest rates and the summary of economic projections. Of course, Powell's remarks at the post-meeting press conference are also essential.Currently, there is a relatively high consensus in the market regarding the expectations for the June FOMC meeting. The baseline scenario is that the Federal Reserve will "skip" the rate hike in June and maintain the status quo, but at the same time, it will emphasize that this round of rate hikes is not yet over, hinting at

At the end of May 2023, around $1.3 trillion in assets under management (AUM) across various ETFs are linked to MSCI indices. These ETFs are managed passively, meaning that investment decisions are not made by the managers themselves. Instead, they rely entirely on the calculations provided by the MSCI indices to determine capital allocation. Consequently, when MSCI adds or removes a stock from its index, the corresponding ETFs will buy or sell that stock accordingly. This demonstrates the significant influence of MSCI as an indexer, capable of impacting markets through its index adjustments. Back in 2008, the assets under management (AUM) of ETFs following MSCI indices amounted to a mere $119 million. Since then, it has expanded significantly, surpassing a growth rate of 17% annually and

On June 14th, despite the FOMC meeting during the trading session, the market reaction was not as significant as expected, considering the anticipation of "skipping the rate hike in June but adopting a hawkish tone." However, there was a collective decline in one sector (in stark contrast to the glory of the chip industry), which was healthcare insurance. The main reason was that the CEO of $UnitedHealth(UNH)$ stated during an $Goldman Sachs(GS)$ conference that the healthcare insurance costs this year would be at the upper limit of expectations, or even surpass them. This implies that healthcare insurance companies will experience increased expenses, which will impact their profit margins. As a result, seve

In May, the stock market was influenced by earnings and the AI concept, resulting in both gains and losses. Although the saying advises people to sell in May, investors holding technology stocks must have achieved decent returns as $NASDAQ(.IXIC)$ rose by over 20%. $NVIDIA Corp(NVDA)$ and the semiconductor sector rose nearly 30%. Tech sector posted rally as most of their earnings beat estimates.Will June deliver a surprise?Looking at historical data, June tends to have a relatively subdued performance. However, the month presents an opportunity for new investors to make strategic investments and potentially reap significant profits in the future. Non-farm payroll tomorrow  Hit th

Adobe: Promising Investment Choice When it comes to identifying promising companies that offer potential growth and stability for a well-diversified portfolio, Adobe Inc. (ADBE) undoubtedly fits the description. With its solid market presence, innovative products, robust financial performance, and commitment to returning value to shareholders, Adobe is a great pick for 2023. Market Presence and Competitive Advantage Adobe holds a dominant position in the digital media and marketing software industry, providing a wide range of cutting-edge solutions. Its flagship products, such as Photoshop, Illustrator, and Acrobat, have become industry standards, creating significant switching costs for customers. Moreover, Adobe's Creative Cloud and Document Cloud subscriptions foster strong customer rel

Ladies and gentlemen, I present an exceptional investment opportunity in software development. So, without further ado, let us illuminate why GitLab deserves your investment. Let's dive into the captivating realm of $GitLab, Inc.(GTLB)$  where we'll unravel its technical prowess, unrivalled competitive edge, immense growth potential, and the fundamental factors that unquestionably make it a promising investment opportunity. I. Understanding GitLab: GitLab is an end-to-end DevOps platform that offers a comprehensive set of tools for managing software development projects. Developers gain from an integrated environment that fosters efficient collaboration, writing, testing, and code deployment. What sets GitLab apart is its comprehensive approa