Hello, friend!Welcome to the 《FCN Investment Course》，This course is divided into four sections. In the first section, we will provide an introduction to the basic concepts of FCN, helping you understand its fundamental principles and advantages.The second section will compare FCN with other financial products, giving you a clearer understanding of the suitability of each type of financial product.The third section will use case studies to calculate the risks and returns of FCN, providing you with a clearer understanding of the product's risk and return, and facilitating a transition from entry-level to advanced knowledge.In the fourth section, we mainly teach you how to trade FCN products on Tiger APP.Let's start with the basic concepts of FCN.1.What is FCN?The exact nature of Fixed coupon

Hey, tigers!US Stock Financial Statements for BeginnersToday is our 9th day of "Learn US financial statements". In this article, I mainly introduce: finding the value of a company.In our previous articles, we've learned how to use financial statements to select the highest quality leading stocks. But many of us still run into problems in practice.Suppose you're very optimistic about a stock. You've done detailed research on the financial statements and the company's business model. The financial data is good and there's no reputational risk in the short term, but the stock price just keeps falling.Or take another example. A company's financial statements and the stock fundamentals are impeccable. The stock price i

Hi Tigers；Recently, expectations of a Federal Reserve rate cut have been intensifying. The "Super Macro Week" combined with the "Super Earnings Week" has triggered a series of black swan events, leading to severe turbulence in global capital markets. As investors, how should we position ourselves?In July, U.S. employment data showed widespread weakness, with nonfarm payrolls increasing by only two-thirds of the expected amount, and the unemployment rate climbing further to 4.3%. The U.S. earnings season has seen frequent disappointments, with Intel’s revenue, earnings, and guidance all collapsing, resulting in a 30% drop in its stock price. Meanwhile, geopolitical tensions in the Middle East have escalated once again. Instantly, a confluence of unfavorable factors has heightened fears of a

An ETF is an exchange-traded fund, a type of fund that is listed on an exchange and has a variable portion of the fund. Generally, an ETF is an index fund that invests passively by tracking all or part of the securities that make up an index according to the types and proportions of the securities that make up the index. Its trading hours are more flexible than those of other funds, so it can be traded during business hours just like stocks. An ETF is an index fund that tracks an index or an industry.An example: The S&P 500ETF (SPY) The S&P 500 ETF is a fund that tracks the S&P 500 Index of the United States. In other words: When the S&P 500 goes up, it goes up; when the S&P 500 goes down, it goes down with it. You can sear

Bull market:The bulls charge forward when they attack, pinning their target firmly with their horns and throwing them high, similar to a rising market.In such a market, stock prices show a long-term trend of rising. At the same time, for a longer period, the rise is larger, and the fall is smaller.Bear market：Bears attack by slapping their PAWS from top to bottom, or by leaning over and ramming opponents, similar to what happens when markets fall.In such a market, stock prices show a long-term downward trend, and the duration is longer, the decline is larger, and the rise is smaller.Strictly speaking, there is no clear distinction between bull and bear market indicators, generally as a description of the market trend of the concept.Some research institutions define a market downturn of mor

The Purchasing Managers' Index, or PMI, includes the manufacturing PMI and the services PMI.The PMI is a comprehensive snapshot of the overall US manufacturing sector, employment and price performance are among the most closely watched economic data in the world. At present, PMI has become a macroeconomic monitoring index system for international counterparts and plays an important role in monitoring and forecasting national economic activities.The PMI is based on a monthly survey of purchasing managers at companies. The index ranges from 0 to 100 %, with 50 % called the "market boom/bust score." A PMI reading above 50 % indicates expansion in the sector; conversely, anything less than 50 % indicates contraction.Simply put, the PMI is a proxy for companies' willingness to buy materials and