$YZJ Shipbldg SGD(BS6.SI)$ has secured US$11.6 billion of order wins in the year to date.This exceeds its target of US$4.5 billion for the 2024 financial year, it noted in a quarterly business update on Thursday (Nov 7).The robust order wins were fuelled by strong demand for dual-fuel container ships, oil tankers and gas carriers, said the mainboard-listed company. The strong order book brings revenue visibility up to mid-2028, it added.
Terry Smith, the founder of Fundsmith, has expressed doubts about Nvidia's valuation, despite its popularity and strong stock performance. His skepticism stems from concerns about the future of artificial intelligence (AI) and whether enough consumers will be willing to pay high prices for AI products to justify the investment in AI infrastructure.Additionally, he points out that competition in the chip manufacturing sector is intensifying, with other major companies like Amazon, Microsoft, and Oracle already developing their own chips, potentially eroding Nvidia's market share. Smith also notes that $NVIDIA Corp(NVDA)$ significant competitors, such as AMD and Broadcom, are making strides in the AI chip market, which could pose further risks to Nv
Shopify’s growth prospects are strong, with earnings driven by expanded Merchant Solutions, increasing international reach, and improved profitability from high-margin services. Cross-selling, enterprise adoption, and a favorable e-commerce shift further support Shopify’s revenue potential, though competition and economic factors remain as challenges.
Morgan Stanley analysts suggest that as investors breathe a sigh of relief following the election and the year-end "fear of missing out" sentiment begins to surface, the S&P 500 index could continue to climb in the latter stages of 2024, with a 5% increase from current levels not being impossible.“If there isn’t much panic in the market and people feel good about things, I think the S&P 500 could rise to 6000 points”. This would imply an approximate 5% increase from current levels.However, Wilson also warned that this enthusiasm may wane with the arrival of 2025, as there are no clear catalysts in sight.
After a strong rally, Bitcoin is on the verge of breaking its record high of nearly $74,000 set in March.On Tuesday, Bitcoin surged to $73,564 in the New York market but fell back below $73,000 during early trading on Wednesday. $MicroStrategy(MSTR)$ outperforms Bitcoin ytd.
Now tech companies are starting to choose their stances for the election.Bill Gates, the cofounder of $Microsoft(MSFT)$, donated $50 million to U.S. Vice President Harris.
$NVIDIA Corp(NVDA)$ is worth 11.7% of the US GDP now. At the peak of the DotCom bubble, Cisco was worth 5.5% of the US GDP.How do you view?r/wallstreetbets - Nvidia is worth 11.7% of the US GDP now. At the peak of the DotCom bubble, Cisco was worth 5.5% of the US GDP.
Cathie Wood's Ark Invest made notable trades on Monday, purchasing $4.5 million worth of $PayPal(PYPL)$ (57,824 shares) through its Fintech Innovation ETF and $3.5 million worth of $Pinterest, Inc.(PINS)$ shares (115,211 shares) via its Next Generation Internet ETF. At the same time, Ark continued reducing its holdings in $Palantir Technologies Inc.(PLTR)$ .
Fed officials Bostic and Neel Kashkari both indicated that the Fed may implement two more 25bps rate cuts this year. However, the interest rate futures market appears more aggressive, with bets on a 50 bps cut in November nearly equal to those for a 25 bps cut.Despite Powell stating last Wednesday that a 50 bps cut should not be considered normal, traders seem to interpret the Fed's stance differently. They generally believe the Fed is more dovish than it appears, leading to increasing expectations for a 50 bps cut in November. Several Wall Street banks have raised their year-end target for the S&P 500 to 6000 based on this dovish outlook.
$Trump Media & Technology(DJT)$ goes down recently but still faces a ‘race to the bottom’ as lockup period nears end.Until this week, the former president and early investors have been prohibited from selling their shares under a “lockup agreement” since the company's March merger and public trading debut.Trump on Friday said he will not sell his 114,750,000 shares of the Truth Social owner.Shares rose as much as 25% after Trump’s announcement, and closed up 11% on Friday. But Trump Media’s losses so far this week have erased those gains.
The U.S. Treasury auctioned $42 billion in 10-year bonds. The yield for this 10-year Treasury auction was 3.960%, which is lower than July's 4.276%. However, a tail of more than 3 basis points emerged, indicating weak demand.