Is It Time To Buy Nvidia as It Drops 3.2% On Friday?
๐๐๐$NVIDIA Corp(NVDA)$ lost its crown as the most valuable stock in the world to $Microsoft(MSFT)$ on Friday as its share price drops 3.2%. Is it time to buy more or sell? Nvidia's shares has dropped 6.7% in the last 2 trading sessions which erased its market capitalisation by over USD 220 billion. On Friday, Nvidia's market cap was USD 3.1 Trillion below that of Microsoft at USD 3.3 Trillion and Apple at USD 3.2 Trillion. Fundamentally nothing has changed for Nvidia. Nvidia's fiscal first quarter results beat analysts expectations. Sales grew 262% to USD 26 billion while earnings were 461% higher.&nb
What's Next for Faraday Future Which Is Down 20% This Week?
๐๐๐On a day when the US markets are down, it is not surprising that meme stock $Faraday Future Intelligent Electric Inc.(FFIE)$ has also dropped 2.5% on Friday. It has spiralled down by 20% this week. After an exhilarating climb of 367% on May 14, Faraday Future has dropped like a rock to the bottom of the sea this week. The catalyst was the same as with other meme stocks $GameStop(GME)$ and $AMC Entertainment(AMC)$ with the return of influential trader Keith Gill also known as Roaring Kitty. This has encouraged traders to look for other heavily shorted stocks tha
๐๐๐$Taiwan Semiconductor Manufacturing(TSM)$ hit a record high of USD 184.86 on Tuesday but declined 2.4% to USD 175.38 on Thursday. It is not the only Semiconductor stock to fall. Other Semiconductor stocks such as market leader Nvidia, Broadcom and Micron Technology fell too. These stocks have recently hit all time highs so I believe that the market is taking a breather. However this maybe an excellent opportunity to buy Nvidia and TSMC and keep for long term. @TigerStars
๐๐๐With the expectation of interest rate cut by the Feds in 2024, $iShares 20+ Year Treasury Bond ETF(TLT)$ share price has increased recently. I will consider Fixed Coupon Note (FCN) since it is cost effective way with returns potentially doubling that of TLT. Many thanks @Tiger_Academy for introducing FCN as a excellent way to benefit from the anticipated rate cut this year.
๐๐๐Investing in Changjiu shares is like riding a roller coaster. It went up so high but plunged like a rock to the bottom of the sea because of the high volume of stocks owned by the directors. That is why it is important to do a thorough check of a company before investing.
๐๐๐Ka-ching! ๐ฐ๐ฐ๐ฐ I have received 100 Tiger Coins with compliments from @TigerEvents ๐๐๐. Tiger Brokers' 10th Anniversary is a very special event to celebrate ๐๐๐๐พ๐พ๐พ Long Live Tiger Brokers, My All Time Favourite Broker ๐ฏ๐ฏ๐ฏ
๐๐๐Investing is an exciting experience but can also be scary too. However it is with patience, determination and courage that we can learn from our mistakes and failures to be a better investor. One of the most difficult lessons to learn is to maintain calmness when the markets are not doing well. It is easy to panic and sell. But if we can overcome that, we can be better investors. As Warren Buffett likes to say When there is fear in the markets it is time to be greedy.
Alibaba vs Pinduoduo vs JD.com - Which is a Better Buy?
๐๐๐Alibaba, Pinduoduo and JD.com are 3 of the biggest Chinese ECommerce conglomerates. Which is a better buy? Recently the 618 Festival has just concluded and is a good indicator of Chinese household consumption appetite. The 618 Festival is named after the June 18 founding date of $JD.com(JD)$ but embraced by all platforms as China's 2nd largest annual sales event after Singles Day in November. $Alibaba(BABA)$ reported that sectors such as home appliances were outperforming on its platforms, led by brands such as Haier and Xiaomi. Alibaba also reported that international brands including Nike, L
$XIAOMI-W(01810)$ is on a sizzling hot uptrend. Its share price was up 6.3% on Wednesday. In the past 5 days Xiaomi is almost up 7%. Xiaomi has now risen 19.3% year todate and in 2023 Xiaomi has skyrocketed 74.3%. In May, Xiaomi 's Q1 24 net profit and revenue beat expectations. This is due to stronger sales from its smartphone and Internet of Things and lifestyle product segments. Xiaomi' s quarterly profit reached a record high of RMB 6.49 billion, doubling from a year earlier. It beat FactSet analysts forecast of RMB 5. 51 billion. Xiaomi's quarterly revenue rose 27% to RMB 75.51 billion, beating analysts expectations of RMB 74.27 billion. Xiaomi's smart
DBS, My First Trade With Tiger Brokers Is A Stock That Keeps Growing
๐๐๐The First is always special - First Day At School, First Love, First Job. Anything that is first is always special. So it is with $DBS Group Holdings(D05.SI)$ my first trade with Tiger Brokers. DBS is the largest bank in South East Asia with a market capitalisation of SGD 101.04 billion. DBS has grown from a small Singapore bank in 1968 in tandem with the growth of Singapore as a dynamic financial centre due to excellent and prudent management. In the process DBS has received many accolades and awards including the World's Best Bank by Euromoney. DBS has even awarded me with bonus shares due to record earnings for 2023, with the Board proposing 1 bonus share for eve
๐๐๐ $NVIDIA Corp(NVDA)$ is currently the hottest stock in the US markets and has overtaken $Microsoft(MSFT)$ in market capitalisation to become the most valuable stock in the world! My strategy is simple - Just buy and hold $NVIDIA Corp(NVDA)$ and like Warren Buffett, my favourite holding period is Forever! ๐๐๐
๐๐๐Bitcoin dropped below USD 65,000 today, the lowest since May 16. This is due to the slowing global economy. I believe that this is a temporary setback as Ethereum ETFs will be approved soon. According to Bloomberg, it can be as soon as July 2. If that happens, I believe that Bitcoin and other cryptocurrencies will jump.
Is it time to buy Coinbase as Bitcoin fell below USD65,000?
๐๐๐Bitcoin fell below USD 65,000 today to USD 64,680.44. This is the first time it dipped below USD 65,000 threshold since May 16. This could be due to the slowing down of global economy, geopolitical tensions and the markets are slower during the summer months. Bitcoin has been wrestling with the USD 70,000 threshold since its March 14 record of USD 73,797.68. It last tested that level in early June. $Coinbase Global, Inc.(COIN)$ one of the world 's largest Cryptocurrency exchanges also fell. It dropped 3.7% today and in the past 5 days, Coinbase is down 6.2%. However Coinbase is still up 50% year todate. In 2023, Coinbase has skyrocketed a massive 313%! Coinbas
๐๐๐Ever since $Broadcom(AVGO)$ announced its excellent Q1 24 results which exceeded Analysts expectations, its share price has been sizzling hot. The good news is that it has also announced a 10 for 1 forward stock split that will go into effect on July 15. This makes Broadcom the latest company to join the stock split club, after Nvidia. It is now on target to reach USD 1 Trillion in market capitalisation. Broadcom has risen 5.4% today and in the past 5 days it has skyrocketed by 27%. As a small investor with limited resources, I will be waiting for Broadcom's stock split to happen on July 15 before investing in this great company.
๐๐๐$BILIBILI-W(09626)$ $Bilibili Inc.(BILI)$ is on an upward momentum. Its share price is up 11% in the past week in Hong Kong and the US. In its Q1 2024 earnings report released on May 23, Bilibili Total net revenues were RMB 5.66 billion (USD 784.5 million), an increase of 12% year over year. Gross profit was RMB 1.61 billion (USD 222.3 million) an increase of 45% year over year. Gross Profit margin reached 28.3%, improving from 21.8% in the same period last year. The Average Daily Active users (DAUs) were 102.4 million, representing an increase of 9% year over year. User engagement conti
๐๐๐Calling all my Dear Tiger Friends who are not yet a Tiger Vault user, you can earn an attractive 6.8% interest bonus coupon in just 3 steps - Activate the Tiger Vault and Auto Sweep and Deposit new funds in SGD or USD. These can either be Phillip SGD or CSOP USD or both. A Big Thank You @Tiger_Academy for highlighting this exciting Tiger promotion.๐๐๐
๐๐๐All eyes were on $GameStop(GME)$ CEO Ryan Cohen today as he held the meeting on Gamestop's future. However investors were rather disappointed due to lack of material announcements from Ryan Cohen such as his plan for Gamestop's cash pile or potential acquisition of another company. The meeting only lasted 30 minutes with Ryan Cohen promising to cut costs by having a smaller network of stores with an expanded assortment of higher value items that fit into Gamestop's trade in model. Gamestop was unprofitable for the quarter ended May 4 with a net loss of USD 32.3 million compared to a loss of USD 50.5 million last year. However Gamestop has a strategic advantage due to its strong Balance Sheet. Since May 17, Gamestop has iss
I am a long term investor of $Energy Select Sector SPDR Fund(XLE)$ which represents the strongest and largest US Oil Giants. In just 1 trade, I gain access to oil companies like $Exxon Mobil(XOM)$ $Chevron(CVX)$ and Warren Buffett's favourite oil company, $Occidental(OXY)$ With the current ban by the US and its allies on Russian oil due to the Ukraine war, the US Oil Giants have benefited. The expense ratio is a low 0.10% and dividends are paid every 3 months. The current dividend yield is 3.31% which provides me with a great source of passive inco