$NVIDIA Corp(NVDA)$   Watching the Fibonacci retracement levels: ($75.61 - $140.76) - 23.6% ($125.38)  - 38.2% ($115.87) - 50.0% ($108.19) ✔️ - 61.8% ($100.50) ✔️ - 78.6% ($89.55) ✔️ (this is not an invitation to trade) 25 Jul 2024

Ethereum Reverses Trend, Price Remains at Risk  > Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support.Ethereum started a fresh decline after it failed to surpass the $1,250 zone. The price is now trading below $1,200 and the 100 hourly simple moving average.There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart. The pair could resume its decline unless it clears $1,150 and $1,200 in the near term.A clear move above the $1,200 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance.If ethereum fails to rise above the $1,200

> Nomura analysts are expecting the Federal Open Market Committee to likely raise its short-term interest rate target by a full percentage point at its policy meeting next week on Sep 20-21, because of the emergence of upside inflation risks.Nomura predicted that the U.S. central bank would raise its fed funds target rate by 50 basis points at both the November and December meetings.Nomura also said it was raising its forecast for the terminal rate by 50 basis points to 4.50%-4.75% by February 2023.The market sees the policy rate reaching the 4.00%-4.25% range by the end of this year, and 4.25%-4.5% by March.CPI climbed 0.1% last month from July, and gained 8.3% in the 12 months through August, the Labor Department reported on Tuesday.

$Tesla Motors(TSLA)$ _ It's official - Tesla 3-for-1 Stock Split >Tesla (TSLA) announced in its annual proxy statement released late Friday that it will seek shareholder approval to split its stock 3-for-1.Shareholders will vote on the proposal at Tesla's annual meeting on August 4th.Tesla shares rose as much as 3% after hours on Friday following the news; shares fell 3.1% during Friday's regular trading session. Tesla shares have dropped 34% so far this year.

> Sembcorp Marine is proposing to have its name changed to 'Seatrium' after the completion of the merger with Keppel Offshore & Marine. Seatrium is a combination of the words “sea” and “atrium”, which reflects the business and its aspiration to become a “premier global player providing innovative engineering solutions for the offshore, marine and energy industries,” explains SembMarine. Over 1,000 names were generated in the process to come up with the new name, the group adds. The name change will be subject to the approval of the group’s shareholders. In a statement on April 3, SembMarine added that the change will not affect its identity or any of its rights and obligations. It will also not affect the rights of its shareholders or the group’s daily operations and financial stand

$Intel(INTC)$ _ Intel Hiring Freeze & Q2 Earnings Caution > Intel Corp has frozen hiring in their PC desktop & laptop chips division, according to a memo reviewed by Reuters, as part of a series of cost-cutting measures.The memo also outlined other cost-cutting measures such as cancelling some travel for the group immediately, limiting participation in industry conferences and instructions to hold group meetings virtually when possible.Shares of Intel Corp slid 5.3% after Citigroup analysts cut its estimates on the chipmaker for the second time in a week. Citi pointed to uncertainty about demand for personal computers and predicted the company could pre-announce weaker-than-expected earnings for the second quarter, 'neutral' rating on the stock with a pr

> STI closed the week of June 13-17 at 3,098, down 83 pts.The index shows a falling trend channel in the short term with strong negative momentum, and has broken the floor of the rising trend channel in the medium long term.A double-top formation has been formed by the two peaks of 3.440 and 3,442 reached in Feb and April this year, and it has since broken through the neckline support of 3,160 and key support of 3,132. The index is between support level of 3,060 and resistance at 3,130. A definitive break through of one of these levels predicts the new direction.Overall the index trend is technically negative for the short and medium term. The charts are signaling negative, and indicate further decline may be expected. On the downside, a retracement to 2,900 or below may be a possible o

“Is this a tech bust? It remains to be seen.”Tech shares are in for a bumpy ride.Jeff Bezos knew this day was coming. Back in April the Amazon boss warned of an impending market slowdown, tweeting that the epic tech boom experienced during the last two years could not last for ever.“Most people dramatically underestimate the remarkableness of this bull run,” he said. “Such things are unstoppable … until they aren’t. Markets teach,” Bezos added. “The lessons can be painful.”Apple is no longer the most valuable company in the world, after losing $200bn in market value this week. It joins a number of other tech companies in a slump that began in late 2021, and brought the Nasdaq Composite down more than 13% in April- a more than 30% drop from record highs the previous year.Meta lost a record

US hedge fund billionaire sells Netflix stake at huge loss.Bill Ackman’s Pershing Square fund dumped his 7% stake in Netflix for a loss of about $400m after the streaming service’s value plunges, reversing his bullish position in the streaming giant after it reported an outflow of more than 200,000 subscribers.The share drop wiped about $50bn off of Netflix’s market value.The New York-based investor bought more than $1bn of Netflix shares in January, despite grim forecasts about the company’s subscription levels. Ackman said at the time that the subsequent drop in the share price had presented an “attractive” opportunity for his Pershing Square fund.But Ackman made a U-turn overnight after shares in the online streaming platform plunged more than 35% in reaction to news that Netflix had lo

> Here are the topline results: • EPS: $3.10 vs. $2.13 per share, according to Refinitiv. • Revenue: $7.93 billion vs. $7.837 billion, according to Refinitiv survey. • Expected global paid net subscribers: Addition of 2.41 million subscribers vs projected 1.09 million subscribers, according to StreetAccount estimates. The majority of Netflix’s net subscriber growth during the quarter came from the Asia-Pacific region, which accounted for 1.43 million subscribers. The U.S.-Canada region had the smallest growth of Netflix’s regions, contributing just 100,000 net subscribers. > Plans In the pipeline: • Netflix will begin to crack down on password sharing next year, opting to allow people who have been borrowing accounts to create their own. • The compa

> Considering that Musk has yet to conclude his decision to takeover Twitter, it is highly unusual for him to be addressing the company's employees on such a scale as an outsider, and suggests that his takeover move may well be closer to reality soon.Speaking to Twitter's 8,000-strong workforce via a smartphone video, Musk on Thursday laid out a bold vision for Twitter’s future, if he succeeds in taking the company private, in a freewheeling conversation that also touched on issues including content moderation, remote work and aliens.Musk warned Twitter staffers its business needed to “get healthy” and undergo a “rationalisation of headcount and expenses” as he addressed the social media platform’s employees directly for the first time since launching his $44bn takeover bid.The Tesla ch

Thu 21.04.22_Musk secures $46.5bn in funding for Twitter bid.Elon Musk has secured $46.5 billion in funding to buy Twitter Inc and is considering a tender offer for its shares, a filing with U.S. regulators showed on Thursday.Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans, to finance the transaction.Banks, including Morgan Stanley, have agreed to provide another $13 billion in debt secured against Twitter itself, according to the filing.Twitter was not immediately available for comment.Reuters.

What Lies Ahead in US Markets?All the three leading US stock market indices ended in the red at the close of trading on 31 May 2022.It has been one of the worst starts for the year with the Dow Jones down by 9.2%, S&P 500 down by nearly 13.3% and Nasdaq 100 down by almost 23% year-to-date.Starting June 1, the Federal Reserve balance sheet is going to be reduced as the Fed begins quantitative tightening to start shrinking its $8.9 trillion balance sheet from Wednesday, something which will impact the short-to-medium term pathway for stocks ahead.As inflationary pressures, rate hikes and recessionary fears continue to prevail ahead of US payroll numbers this Friday, the responsibility for controlling the deca

> Google's Q3 Performance Slowdown in Ad sales, missing analyst expectations. • Total revenue was $69.09bn vs $65.12bn yoy. Analysts on average expected revenue to be $70.58bn. • Net income fell to $13.91bn, or $1.06 per share, from $18.94bn, or $1.40 per share yoy. Net income missed analyst expectations of $1.25 per share. • Operating margin declined to 25% vs 32% yoy. • Ad revenue was $54.48bn vs $53.13bn yoy, but came in below analysts' expectations. • Ad sales on YouTube declined to $7.07bn from $7.2bn yoy. • Revenue from Google Cloud rose to $6.9bn from $5bn yoy. Alphabet is facing a slowdown in advertiser spending on YouTube and the cooling of adspend by financial services sectors on Google, and plans to cu

$NIO Inc.(NIO)$ > NIO had a Q4/22 loss that was much wider than expected and a guidance for Q1/23 which is well below what Wall Street had expected. • NIO reported a Q4/22 loss of 51cts a share on revenue of $2.33bn, versus Wall Street expectation for a loss of 26cts a share and $2.5bn in sales. • Q4/22 results also fell short in comparison with the loss of 36cts a share and sales of $1.8bn in Q3/22. • For Q1/23, NIO expects to deliver between 31,000-33,000 vehicles. It has delivered 20,663 vehicles in January and February, leaving some 11,000-12,000 vehicles to be delivered in March. That’s a huge disappointment as NIO delivered more than 40,000 vehicles in

$Airbnb, Inc.(ABNB)$ Is AirBNB worth a relook? You decide.Key Statistics:• Airbnb generated $5.9 billion in revenue in 2021, a 73% year-on-year increase.• Airbnb has 150 million users, though that number has not been updated since 2018.• In 2021, 300 million bookings were made on Airbnb, a 55% increase on 2020.• There are over seven million listings on Airbnb, run by four million hosts.• Airbnb Users:2012 - 6 million2014 - 50 million2016 - 100 million2018 - 150 millionNote: Airbnb has not updated its active users since 2018.(source: RJMetrics, Skift, The Guardian)• Airbnb Bookings:2016 - 52 million2017 - 115 million2018 - 140 million2019 - 272 million2020 - 193 million2021 - 300 million(source

> Intel Corp Q4/22 - The Big Miss • Q4 revenue down 32% y-o-y. • Q4 net loss of $664m vs $4.62bn profit y-o-y. • Q4 EPS 10cts per share vs 20cts analysts' forecasts. • 4th consecutive quarter of sales decline. • Full-year 2022 revenue down 20% vs 2021. • Full-year earnings $1.94 per share vs $4.86 per share in 2021. • Full-year net income $8bn, less than half the $19.9bn in 2021. More Pain To Come? • Intel is forecasting more pain for the coming quarter. In its Q1/2023 guidance, it’s guiding for a net loss of 15cts per share on revenue of between $10.5bn - $11.5bn, versus Wall Street’s forecast of 24cts per share on revenue of $13.93bn. • Intel is not offering any full-year guidance given “uncertainty i

> Here's how Apple did versus Refinitiv consensus estimates: • EPS $1.29 vs. $1.27 est. • Gross margin: 42.3% vs. 42.1% est. • Revenue. $90.15bn vs. $88.90bn est, up 8.1% yoy • iPhone revenue: $42.63bn vs. $43.21bn est, up 9.67% yoy • Mac revenue: $11.51bn vs. $9.36bn est, up 25.39% yoy • iPad revenue: $7.17bn vs. $7.94bn est, down 13.06% yoy • Other Products revenue: $9.65bn vs. $9.17bn est, up 9.85% yoy • Services revenue: $19.19bn vs. $20.10bn est, up 4.98% yoy

Bitcoin Extends Decline, Key $20,000 Support _ > BTC is down 20% and approaching the key $20,000 support zone.A new multi-week low is formed near $20,824 and the price is still trading in a strong downtrend. There was a close below the $22,000 level and the 100 hourly simple moving average.Bitcoin is now consolidating near the $21,000 level. An immediate resistance on the upside is near the $21,800 level. The first major resistance is near the $22,000 level. If there is a clear move above the trend line, the pair could rise towards the $23,000 level. The main resistance is near the $25,000 level.If bitcoin fails to clear the $22,100 resistance zone and the trend line, it could continue to move down. An immediate support on the downside is near the $21,000 level.The next major