The Fed has spoken: Interest rates will be higher for longer. With another rate hike in the cards and dashed hopes of early rate cut next year, I’m bracing myself for further market turbulence, as the stock market has rushed to re-price their expectations accordingly. Hence, I’m taking profits off my gains in the technology stocks $NVIDIA Corp(NVDA)$ and $Tesla Motors(TSLA)$ , which have risen significantly since the beginning of this year, as I await new catalysts to drive the stocks to greater heights. I’ll look to regain the positions when the stocks approach their support levels, as despite a looming stagflation, I remain optimist
$OVERSEA-CHINESE BANKING CORP(O39.SI)$will be announcing its 1H2022 earnings results before market open this Wednesday. Look forward to its overwhelming results above market expectations! Release the bulls!
I’ve been dollar-cost averaging into ($STI ETF(ES3.SI)$) as our local market index went through a roller-coaster ride lately, regardless of market pessimism over a recession triggered by over-aggressiveness in interest rate hikes by the Fed, and of market optimism that the surging inflation might have peaked, leaving room for the Fed to be less hawkish moving forward.I try not to over-react to daily news, and prefer to dollar-cost average regardless of the market movements, as I believe that even if individual companies may underperform at times, but the broader market will continue to grow over the long term.$STI ETF(ES3.SI)$comprises of the bluest of the blue chips on Singapore bourse, weighed heavi
$STI ETF(ES3.SI)$Luckily Tiger Brokers had subsidized my purchases! Hope to collect more as the price dips while others take flight to safety, as Ibelieve that the market will prevail and emerge strong after the market turmoil!
$DBS GROUP HOLDINGS LTD(D05.SI)$will be announcing its first half of the year earnings results next week. Hope that it will be welcoming results to the market! Huat ah!
My most memorable investment first quarter of this year will be $GLOBALFOUNDRIES Inc.(GFS)$. I bought some shares around its IPO price and sold all in early March which gives me a nice profit that I am happy with despite market turmoil. Hope I can buy again when the price goes lower. 😊. Good share to monitor but price fluctuation more than its competitors. @TigerStars
US markets were deep in the red last night after the hawkish remarks from Powell. The markets were increasingly worried that the Fed may trigger a recession as it hikes rates aggressively to contain the surging inflation.Asia markets are expected to follow suit. The market volatility may present opportunities to buy stocks on the cheap.@TigerWire
$TENCENT(00700)$had divested its stake in $Sea Ltd(SE)$ and $JD.com(JD)$, and is planning to divest its shares holding in Meituan, reportedly to appease local regulators continuing to clamp down on the Chinese tech sector.Meituan has been facing its own anti-competition clampdown by the government, the liquidation of its shares by its largest shareholder Tencent is bound to add oil to the fire.Should there be a resulting fire-sale on Meituan, it may present an opportunity for investors to bottom fish some shares on the cheap.@TigerWire@TigerStars
$TENCENT(00700)$had divested its stake in $Sea Ltd(SE)$and $JD.com(JD)$, and is planning to divest its shares holding in Meituan, reportedly to appease local regulators continuing to clamp down on the Chinese tech sector.Meituan has been facing its own anti-competition clampdown by the government, the liquidation of its shares by its largest shareholder Tencent is bound to add oil to the fire.Should there be a resulting fire-sale on Meituan, it may present an opportunity for investors to bottom fish some shares on the cheap.@TigerEvents@TigerStars
Investors have been rushing for the exits on the fear that the Fed would now continue to act aggressively in raising interest rates to rein in a surging inflation. I bought more $Apple(AAPL)$last night when its share price tumbled as investors took profits and rushed to book flights to safety. As Warren Buffett has famously said: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful".With its strong balance sheet with enormous hoard of cash, Apple could continue to innovate and run without resorting to borrowing as rate rises. With its strong branding and pricing power over its huge, loyal and relatively affluent customer base, I believe that Apple will be able to survive any recession. Hence, I'll continue to load up on Apple
$McDonald's(MCD)$Thinking of getting its shares, as my daughter wants to eat at McDonald's a couple of times a week, so I thought I should try to recoup some from its dividends [Grin] @TigerWire
Since I am a Singaporean, I will recommend Warren to buy DBS.I t has never failed me since I bought it. Gaining not only in terms of capital but also dividends. it is one of the top 3 banks in Singapore and also one of the biggest and safest banks in Asia. It has been performing well all these years too.
$STI ETF(ES3.SI)$Slowly but surely I'm dollar-cost averaging into our local market index. It's not asmooth and straight upward ride, but I'm sure it will bring me to my destination eventually.@TigerWire@TigerStars
In a market crash, I'll try to remain calm and not to succumb to panic selling. If the company fundamentals have not deteriorated, but its stock priceis depressed by poor market sentiments, I'll take the opportunity to load up on the shares. What better time is it to buy up shares than it is when the shares are being sold on the cheap. As the legendary investor Warren Buffett, who is arguably the most successful investor in prevailing time, has advised: Buy when others are fearful. In this market crash when most are rushing for the exits, many companys' share prices have fallen below their intrinsic values. Remember that price is what you pay, but value is what you get. If I can get something at a price lower than what it is worth, I'll gladly buy more.