China's services activity expanded at a faster pace in July, supported by a jump in business in the summer travel season, a survey showed on Thursday. China's Caixin Services Purchasing Managers' Index (PMI) rose to 54.1 in July from 53.9 in June, marking an expansion of business activity across the services sector for the seventh straight month. Companies said improved operating conditions, greater client numbers and new product releases had boosted sales at the start of the third quarter, according to the survey. "The number of customers since the beginning of summer has risen by 60 to 70 percent compared to the same period last year," said a receptionist surnamed Wu at a Hangzhou-based homestay service provider. The job market in the service industry is booming, with firms increasing hi

$NVIDIA Corp(NVDA)$ EPS for 2022Q2 was $0.58, $Advanced Micro Devices(AMD)$ was $1.05;The estimated 2023 Q2 EPS for Nvda is $2.05, for Amd is $0.57!Obviously the success of launching AI products is very important.Hope Amd has success in H2 this year!For those who bash AMD all the time, you should know that AMD has a more diversified source of revenue than NVDA, although NVDA has grown exponentially over the same time frame it also hits the wall hardee when things dont go their way and that's because the majority of their revenues come from two products while AMD has an array of different products at different price points. I own both stocks because I believe both have their own space to be successful but t

$Carvana Co.(CVNA)$ Heard all the negative chatter about cvna since $5. Nothing new. Same shorts bashing. Will hear the same nonsense at $120 in august. Again, I see more cvna bought cars coming into my shop daily than when the share price was over $300. That made me buy and hold. People gonna sell for whatever reason but I’m still holding. You will sell and buy it back at $100. Simple.More importantly, for me, this is an AI company. They are able to match every over-priced used car with a sucker who will be gladly buy it. What's wrong with this picture. A willing seller, a really smart middleman and a willing buyer who is clueless but hey, AI will find that person. Someone is willing to pay for the convenience right? We can't find them through a

$PayPal(PYPL)$ If day or swing trading perhaps, if long does not make a difference. For those new to PYPL, congratulations for getting in so cheap. I bought my first shares at 40. For those who suffered through the apocalypse of its downfall, I have shares at 175 and 275 which are underwater too. But have 3 year horizon so not concerned. If trading was sure thing, everyone would be rich.That's the thing, brand recognition - when I see PayPal as option, feel safe making purchase. However, analysts don't weight that into their triple expediential smoothing models and use other metrics like size of company or # of employees and then compare this to Institutional Banking like BofA, Wells, JP Morgan - Fact is PayPal release 100 new features or product

The popular Ark Invest fund manager who took the investing world by storm in 2020 keeps adding to some of her big 2023 winners.Cathie Wood's investing style is back in fashion this year. The founder, CEO, and chief investment officer of Ark Invest is having a good year, bouncing back in a major way after a brutal run in 2021 and 2022. She posts her daily transactions at the end of every trading day, and she was particularly busy to kick off the new week.She added to her existing positions in Twilio , SoFi Technologies, and Meta Platforms. Let's take a closer look at these three purchases.Twilio $Twilio(TWLO)$ It's not just Ark Invest funds that are bouncing back this year. Shares of Twilio have moved 36% higher in 2023, but it still has a lon

$Rivian Automotive, Inc.(RIVN)$ given the volume (3rd highest behind nicola and tesla) and narrow range — we are consolidating .. so should be very interesting before earnings. I think we can break $30 a share before earnings .. and $35 after .. top top for 2023 would be $40 ..Volume is consistently high….no doubt it will end day around $26…..or slighly higher moving towards the 30 around earnings!!…By the way, just my advice, there's a very good chance $ARK Innovation ETF(ARKK)$ Investment rotates $Tesla Motors(TSLA)$ in favor of RIVN shares. As of late Cathy is selling TSLA. And why not? During the early days of RIVN ipo, Cathy said she won't buy RIVN due to ri

With a growth potential that seems impossible to measure at times, the EV market is undoubtedly one of the most fascinating stories being told over the last several years.Simply put, the future is finally here.Of course, it goes without saying that investors have a massive opportunity to reap tremendous gains from the industry’s growth trajectory over the next decade. And as of late, EV stocks have been red-hot, helping to deliver outsized gains to investors amid favorable sales trends.   $Rivian Automotive, Inc.(RIVN)$ Rivian positively surprised investors last week with better-than-expected quarterly deliveries, reporting that nearly 13,000 EVs were placed in the hands of consumers throughout the second quarter. The market took the new

Last Friday I explained even after 13% big gain in 1 day, 36% gain in 1 week, 71% gain in 1 month, but Monday will jump up again due to deliveries. Monday pullback still 2.5% more consecutive gain, and will go up more for light volume squeeze. Monday end up more then holiday light volume, thanks to more squeeze covering and thanks to those who disagree and shorted more. Rest 2 days of this week must give some small pullback for conservative players to sell and more shorts to double down, but won't last and will continued to be pushed by bulls because of upcoming next tuesdays much higher delivery numbers form G6. Sold 30k in 3 days and continued to sell 700-1000 per day, so that will push production to max capacity and easy decision to ramp up production. The run will continue next Tuesday

Compared to Alibaba and JD, PDD seems to be the best investment, followed by Alibaba. It will be interesting to see if they can sustain that growth, but at at PE of 20 with high growth expectations this seems very attractive.It seems they will overtake and become the #1 e commerce retailer in China. With a turn to the good in China's economy as well at ramping up Temu sales in other countries, thinks look pretty bright. Even if the US tries to add tariffs, which is going to be very hard to do, PDDs growth won't be affected that much. $Pinduoduo Inc.(PDD)$ $Alibaba(BABA)$

Snowflake, the Data Cloud company, has achieved a significant milestone by receiving Provisional Authorization (PA) from the Defense Information Systems Agency at the U.S. Department of Defense (DoD) to operate at Impact Level 4 on the AWS GovCloud (U.S.-West) region provided by Amazon Web Services (AWS).This DoD IL4 authorization enables Snowflake's Government & Education data cloud to better serve U.S. public sector customers, including DoD agency customers, by centralizing, analyzing, and securely sharing data at scale while meeting the stringent data governance and security requirements of the DoD.Snowflake's Government & Education data cloud supports critical workloads, including data warehousing, data lake, data engineering, artificial intelligence and machine learning, colla

These are the crypto stocks to buy for multibagger return potential as Bitcoin trends higher.Riot Platforms (RIOT): Significant growth in mining capacity likely, which will boost revenue and cash flows.Coinbase (COIN): Pursuing aggressive global expansion that will deliver results in the form of revenue growth in the upcoming bull market.Bitfarms (BITF): An undervalued penny stock representing a company with strong fundamentals and robust growth visibility.crypto stocks to buy - 3 Crypto Stocks to Buy as Things Turn Brighter for BitcoinBitcoin (BTC-USD) never ceases to surprise investors. The cryptocurrency markets entered 2023 with depressed sentiments and within six months, Bitcoin has surged by 82%. Besides being oversold, the digital currency seems to be discounting relative dollar wea