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Mint111
2023-03-14
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2023-02-19
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Mint111
2022-05-22
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Australia Stocks Weekly Review: Australia Outperforms As US Flirts With a Bear Market
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href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$ </a><v-v data-views=\"1\"></v-v>","text":"$Nasdaq100 Bull 3X ETF(TQQQ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949574774","isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957024228,"gmtCreate":1676805114964,"gmtModify":1676814083571,"author":{"id":"4115812595329482","authorId":"4115812595329482","name":"Mint111","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4115812595329482","authorIdStr":"4115812595329482"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957024228","repostId":"1150067923","repostType":4,"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9028118693,"gmtCreate":1653183828812,"gmtModify":1676535235784,"author":{"id":"4115812595329482","authorId":"4115812595329482","name":"Mint111","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4115812595329482","authorIdStr":"4115812595329482"},"themes":[],"htmlText":"Isee","listText":"Isee","text":"Isee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028118693","repostId":"1188662284","repostType":4,"repost":{"id":"1188662284","kind":"news","pubTimestamp":1653090826,"share":"https://ttm.financial/m/news/1188662284?lang=&edition=fundamental","pubTime":"2022-05-21 07:53","market":"other","language":"en","title":"Australia Stocks Weekly Review: Australia Outperforms As US Flirts With a Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1188662284","media":"Small Caps","summary":"With the US share market toying with a big enough fall to signal a bear market, the Australian marke","content":"<html><head></head><body><p>With the US share market toying with a big enough fall to signal a bear market, the Australian market has once again held up stronger in the face of widespread weakness.</p><p>It may be explained by our relative lack of technology listings and by our preponderance of “old world” mining and banking giants but whatever the reason, Australia is holding up better than the US.</p><p>The S&P/ASX 200 closed up 1.2% or 81.1 points to 7145.6 points – 6.7% or 487.2 points off the all-time high for the index of 7,632.8 points set in mid-August last year.</p><p>By contrast, at the end of Thursday trade, the broadest US index, the S&P 500, had fallen 18.7% from the record high it set early this year – very close to the 20% mark that popularly defines a bear market.</p><p><b>Chinese interest rate cut pivotal in market turnaround</b></p><p>The Australian rally came after Chinese banks cut a key interest rate for long-term loans by a record amount – reducing mortgage costs and potentially boosting weak loan demand as China deals with a property slump and continuing crippling COVID-19 lockdowns.</p><p>The five-year loan prime rate, a reference for home mortgages, was lowered to 4.45% from 4.6%, according to the People’s Bank of China – the largest reduction since a revamp of the rate in 2019.</p><p>The lower rate will be applied to new mortgages immediately, while existing mortgages won’t be repriced until next year at the earliest.</p><p>Miners and banks recover nicely</p><p>That news was gratefully received by Australian investors who busily piled back into the big miners and banks.</p><p>BHP (ASX: BHP) was up 2% or 95c to $47.18, Rio Tinto (ASX: RIO) shares were up 1.5% to $108.35 and Fortescue Metals shares (ASX: FMG) jumped almost 3.9% to $20.15 as investors figured the Chinese news would be good for iron ore demand and prices.</p><p>Similarly the banks were also higher with Commonwealth (ASX: CBA) shares up 0.8% to $104.60,NAB (ASX: NAB) shares rose 0.7% to $31.07, ANZ (ASX: ANZ) shares were up 0.9% to $25.50 andWestpac (ASX: WBC)shares were up 0.5% to $23.57.</p><p>Even some of the big retail giants such as Coles (ASX: COL), Woolworths (ASX: WOW) and Wesfarmers (ASX: WES) managed to stage a comeback rise after being hammered on Thursday after US retail stocks were slammed after shares in US giants Walmart and Target after inflation slashed retail spending.</p><p>The biggest rises on the Australian market though were in the IT, materials and consumer discretionary sectors with Block (ASX: SQ2) shares up an impressive 9.9% to $127.64 and Computershare (ASX: CPU) up 3% to $24.36.</p><p><b>Crown shareholders approve sale</b></p><p>In some stock specific news, Crown shareholders gave the nod of approval for the $8.9 billion sale of the group to Blackstone, with Crown (ASX: CWN) shares firming 0.2% to $12.84.</p><p>MajorAGL (ASX: AGL)shareholder and IT billionaire Mike Cannon-Brookes also outlined his vision for the company which includes changing the board composition, phasing out coal power generation faster and scuttling the proposed demerger of the company.</p><p>Retail giant Woolworths also announced that it had spent $250 million buying a majority stake in ASX-listed online marketplace MyDeal (ASX: MYD) for $1.05 a share.</p><p>While there was some shareholder scepticism that Woolworths would be able to go head-to-head with e-tailers such as Kogan (ASX: KGN), Amazon and Catch, it was great news for MyDeal shareholders, who enjoyed a 55.8% share price rise to $1.00 a share.</p><p><b>Small cap stock action</b></p><p>The Small Ords index rose 1.43% this week to close on 3049.4 points.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e276683bd615f1b6c739ea490f24f14\" tg-width=\"640\" tg-height=\"216\" width=\"100%\" height=\"auto\"/><span>ASX 200 vs Small Ords</span></p><p>Small cap companies making headlines this week were:</p><p><b>PharmAust (ASX: PAA)</b></p><p>After receiving its monepantel (MPL) tablets, PharmAust is readying to begin its phase 1 clinical trial of MPL in motor neurone disease (MND) later this month.</p><p>Australian not-for-profit organisation FightMND has provided funding to assist the trial with a commitment of $880,000 in 2020, which is being paid in instalments once PharmAust has completed various milestones.</p><p>As PharmAust gears up for the MPL trial in MND, the company revealed it has received a $210,000 pre-payment of a forecast FY2022 research and development tax incentive claim.</p><p>Radium Capital has agreed to provide early access to 80% of PharmAust’s expected rebate for FY2022.</p><p><b>Resource Base (ASX: RBX)</b></p><p>Wide-spread clay REE have been identified at Resource Base’s recently granted tenement EL007646, which makes up a small part of the company’s wider Mitre Hill project that spans the Victorian and South Australian border.</p><p>Shallow aircore drilling at the tenement intercepted clay REE concentrations up to 1,421ppm TREO from 3m, with 70% of the holes hitting TREO grades above 500ppm.</p><p>Resource Base says the grades it had intercepted were comparable to Australian Rare Earths’ nearby Red Tail and Yellow Tail deposits, which have a combined resource of 39.9Mt at 725ppm TREO.</p><p>The company will carry out further drilling on EL007646 to test where mineralisation remains open, as well as across neighbouring tenements once they are granted.</p><p><b>Crowd Media (ASX: CM8)</b></p><p>As part of its commercialisation drive in 2022,Crowd Media has secured two agreements for integration of its AI-driven Talking Head platform.</p><p>Israeli data tech company SourceFlare Ltd will blend Crowd’s technology into its own platform to optimise customer acquisition and lead generation.</p><p>SourceFlare will pay about $7,100 a month to Crowd for access to the Talking Head platform as well as ongoing service and support.</p><p>The second agreement is with AI-driven Impssbl Corporation, which will apply Crowd’s Talking Head technology as a series of interactive NFTs.</p><p>Profits from NFT series will be split with 70% to Impssbl and 30% Crowd.</p><p><b>Provaris Energy (ASX: PV1)</b></p><p>Development of Provaris Energy’s compressed hydrogen ship is advancing, with several work packages now completed.</p><p>The company’s team has completed the hull design optimisation, finite element modelling, shipboard safety systems, general arrangement drawings and a ship outline specification.</p><p>Provaris is sharing the work packages with shipyards to refine construction schedules and capital cost estimates, which will feed into Approval for Construction application, which is targeted for mid-next year.</p><p>Meanwhile, scoping and feasibility studies are due for completion in July.</p><p><b>Havilah Resources (ASX: HAV)</b></p><p>OZ Minerals has inked an option to acquire Havilah Resources’ Kalkaroo copper-gold project in South Australia for $205 million.</p><p>The companies signed a conditional binding terms sheet on Tuesday, where Oz will conduct a study program on Kalkaroo to confirm and expand existing resources and optimise the project over 18 months.</p><p>Kalkaroo has a current resource of 245Mt at 0.45% copper and 0.39g/at gold.</p><p>Subject to OZ exercising its option to acquire Kalkaroo, and achievement of certain milestones, additional contingency funds potentially amounting to $200 million may be payable to Havilah.</p><p>As a result, Havilah may receive up to $405 million for Kalkaroo over time.</p><p><b>Woolworths Group (ASX: WOW) and MyDeal (ASX: MYD)</b></p><p>Major retailer Woolworths Group will acquire 80% of MyDeal in an all-cash deal valued at $1.05 per share.</p><p>This represents a 62.8% premium to MyDeal’s last closing price of $0.65 a share and values the equity at $271.8 million and indicates an enterprise value of $242.6 million.</p><p>Woolworths chief executive officer Brad Banducci says acquiring MyDeal will expand the retail giant’s offerings beyond groceries.</p><p>“The addition of MyDeal to Woolworths Group represents a further step towards delivering a more holistic customer experience in food and everyday needs and materially expands our marketplace capabilities, especially in general merchandise,” he said.</p><p>“It will also support MyDeal’s growth by accessing [our] capabilities across e-commerce, supply chain, retail, loyalty and more,” Mr Banducci added.</p><p><b>Reckon (ASX: RKN)</b></p><p>Under an agreement announced this week,Reckon will sell its accounts practice management group to UK-based The Access Group subsidiaries for $100 million.</p><p>Subsidiaries Access Software Australia, Access Workspace NZ and Access UK will purchase Reckon’s assets including its APS and Reckon Elite practice management products.</p><p>Reckon will return the majority of post-tax proceeds from the transaction to its shareholders via a partially-franked special dividend.</p><p>The company is retaining its business groups that provide accounting and payroll software, wealth management solutions, and legal practice management.</p><p>During FY2021, these divisions brought in a combined $50 million in revenue and $17 million in EBITDA.</p><p>Following the sale, Reckon will remain focused on expanding its cloud-based software technology into high-growth markets in Australia and the US.</p><p><b>The week ahead</b></p><p>Once again US releases including reads on economic growth and inflation are likely to be the biggest factors in markets but there are some things to watch out for here in Australia.</p><p>Two top Reserve Bank figures – Assistant Governor Christopher Kent and Assistant Governor Luci Ellis are giving speeches and there will be a range of local data out as well.</p><p>Household spending, consumer sentiment, construction work and retail spending should combine to see whether Australian consumers are following down the US path or are being resilient in their spending patterns.</p></body></html>","source":"lsy1647655037355","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia Stocks Weekly Review: Australia Outperforms As US Flirts With a Bear Market</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia Stocks Weekly Review: Australia Outperforms As US Flirts With a Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-21 07:53 GMT+8 <a href=https://smallcaps.com.au/australia-outperforms-us-flirts-bear-market-weekly-review/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the US share market toying with a big enough fall to signal a bear market, the Australian market has once again held up stronger in the face of widespread weakness.It may be explained by our ...</p>\n\n<a href=\"https://smallcaps.com.au/australia-outperforms-us-flirts-bear-market-weekly-review/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WOW.AU":"WOOLWORTHS GROUP LTD","WES.AU":"WESFARMERS LTD","XAO.AU":"标普/澳交所 普通股指数","RIO.AU":"力拓","FMG.AU":"FORTESCUE LTD","CBA.AU":"COMMONWEALTH BANK OF AUSTRAL","XJO.AU":"标普/澳交所 200指数","SQ2.AU":"Block Inc","XKO.AU":"标普/澳交所 300指数","CPU.AU":"COMPUTERSHARE LTD"},"source_url":"https://smallcaps.com.au/australia-outperforms-us-flirts-bear-market-weekly-review/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188662284","content_text":"With the US share market toying with a big enough fall to signal a bear market, the Australian market has once again held up stronger in the face of widespread weakness.It may be explained by our relative lack of technology listings and by our preponderance of “old world” mining and banking giants but whatever the reason, Australia is holding up better than the US.The S&P/ASX 200 closed up 1.2% or 81.1 points to 7145.6 points – 6.7% or 487.2 points off the all-time high for the index of 7,632.8 points set in mid-August last year.By contrast, at the end of Thursday trade, the broadest US index, the S&P 500, had fallen 18.7% from the record high it set early this year – very close to the 20% mark that popularly defines a bear market.Chinese interest rate cut pivotal in market turnaroundThe Australian rally came after Chinese banks cut a key interest rate for long-term loans by a record amount – reducing mortgage costs and potentially boosting weak loan demand as China deals with a property slump and continuing crippling COVID-19 lockdowns.The five-year loan prime rate, a reference for home mortgages, was lowered to 4.45% from 4.6%, according to the People’s Bank of China – the largest reduction since a revamp of the rate in 2019.The lower rate will be applied to new mortgages immediately, while existing mortgages won’t be repriced until next year at the earliest.Miners and banks recover nicelyThat news was gratefully received by Australian investors who busily piled back into the big miners and banks.BHP (ASX: BHP) was up 2% or 95c to $47.18, Rio Tinto (ASX: RIO) shares were up 1.5% to $108.35 and Fortescue Metals shares (ASX: FMG) jumped almost 3.9% to $20.15 as investors figured the Chinese news would be good for iron ore demand and prices.Similarly the banks were also higher with Commonwealth (ASX: CBA) shares up 0.8% to $104.60,NAB (ASX: NAB) shares rose 0.7% to $31.07, ANZ (ASX: ANZ) shares were up 0.9% to $25.50 andWestpac (ASX: WBC)shares were up 0.5% to $23.57.Even some of the big retail giants such as Coles (ASX: COL), Woolworths (ASX: WOW) and Wesfarmers (ASX: WES) managed to stage a comeback rise after being hammered on Thursday after US retail stocks were slammed after shares in US giants Walmart and Target after inflation slashed retail spending.The biggest rises on the Australian market though were in the IT, materials and consumer discretionary sectors with Block (ASX: SQ2) shares up an impressive 9.9% to $127.64 and Computershare (ASX: CPU) up 3% to $24.36.Crown shareholders approve saleIn some stock specific news, Crown shareholders gave the nod of approval for the $8.9 billion sale of the group to Blackstone, with Crown (ASX: CWN) shares firming 0.2% to $12.84.MajorAGL (ASX: AGL)shareholder and IT billionaire Mike Cannon-Brookes also outlined his vision for the company which includes changing the board composition, phasing out coal power generation faster and scuttling the proposed demerger of the company.Retail giant Woolworths also announced that it had spent $250 million buying a majority stake in ASX-listed online marketplace MyDeal (ASX: MYD) for $1.05 a share.While there was some shareholder scepticism that Woolworths would be able to go head-to-head with e-tailers such as Kogan (ASX: KGN), Amazon and Catch, it was great news for MyDeal shareholders, who enjoyed a 55.8% share price rise to $1.00 a share.Small cap stock actionThe Small Ords index rose 1.43% this week to close on 3049.4 points.ASX 200 vs Small OrdsSmall cap companies making headlines this week were:PharmAust (ASX: PAA)After receiving its monepantel (MPL) tablets, PharmAust is readying to begin its phase 1 clinical trial of MPL in motor neurone disease (MND) later this month.Australian not-for-profit organisation FightMND has provided funding to assist the trial with a commitment of $880,000 in 2020, which is being paid in instalments once PharmAust has completed various milestones.As PharmAust gears up for the MPL trial in MND, the company revealed it has received a $210,000 pre-payment of a forecast FY2022 research and development tax incentive claim.Radium Capital has agreed to provide early access to 80% of PharmAust’s expected rebate for FY2022.Resource Base (ASX: RBX)Wide-spread clay REE have been identified at Resource Base’s recently granted tenement EL007646, which makes up a small part of the company’s wider Mitre Hill project that spans the Victorian and South Australian border.Shallow aircore drilling at the tenement intercepted clay REE concentrations up to 1,421ppm TREO from 3m, with 70% of the holes hitting TREO grades above 500ppm.Resource Base says the grades it had intercepted were comparable to Australian Rare Earths’ nearby Red Tail and Yellow Tail deposits, which have a combined resource of 39.9Mt at 725ppm TREO.The company will carry out further drilling on EL007646 to test where mineralisation remains open, as well as across neighbouring tenements once they are granted.Crowd Media (ASX: CM8)As part of its commercialisation drive in 2022,Crowd Media has secured two agreements for integration of its AI-driven Talking Head platform.Israeli data tech company SourceFlare Ltd will blend Crowd’s technology into its own platform to optimise customer acquisition and lead generation.SourceFlare will pay about $7,100 a month to Crowd for access to the Talking Head platform as well as ongoing service and support.The second agreement is with AI-driven Impssbl Corporation, which will apply Crowd’s Talking Head technology as a series of interactive NFTs.Profits from NFT series will be split with 70% to Impssbl and 30% Crowd.Provaris Energy (ASX: PV1)Development of Provaris Energy’s compressed hydrogen ship is advancing, with several work packages now completed.The company’s team has completed the hull design optimisation, finite element modelling, shipboard safety systems, general arrangement drawings and a ship outline specification.Provaris is sharing the work packages with shipyards to refine construction schedules and capital cost estimates, which will feed into Approval for Construction application, which is targeted for mid-next year.Meanwhile, scoping and feasibility studies are due for completion in July.Havilah Resources (ASX: HAV)OZ Minerals has inked an option to acquire Havilah Resources’ Kalkaroo copper-gold project in South Australia for $205 million.The companies signed a conditional binding terms sheet on Tuesday, where Oz will conduct a study program on Kalkaroo to confirm and expand existing resources and optimise the project over 18 months.Kalkaroo has a current resource of 245Mt at 0.45% copper and 0.39g/at gold.Subject to OZ exercising its option to acquire Kalkaroo, and achievement of certain milestones, additional contingency funds potentially amounting to $200 million may be payable to Havilah.As a result, Havilah may receive up to $405 million for Kalkaroo over time.Woolworths Group (ASX: WOW) and MyDeal (ASX: MYD)Major retailer Woolworths Group will acquire 80% of MyDeal in an all-cash deal valued at $1.05 per share.This represents a 62.8% premium to MyDeal’s last closing price of $0.65 a share and values the equity at $271.8 million and indicates an enterprise value of $242.6 million.Woolworths chief executive officer Brad Banducci says acquiring MyDeal will expand the retail giant’s offerings beyond groceries.“The addition of MyDeal to Woolworths Group represents a further step towards delivering a more holistic customer experience in food and everyday needs and materially expands our marketplace capabilities, especially in general merchandise,” he said.“It will also support MyDeal’s growth by accessing [our] capabilities across e-commerce, supply chain, retail, loyalty and more,” Mr Banducci added.Reckon (ASX: RKN)Under an agreement announced this week,Reckon will sell its accounts practice management group to UK-based The Access Group subsidiaries for $100 million.Subsidiaries Access Software Australia, Access Workspace NZ and Access UK will purchase Reckon’s assets including its APS and Reckon Elite practice management products.Reckon will return the majority of post-tax proceeds from the transaction to its shareholders via a partially-franked special dividend.The company is retaining its business groups that provide accounting and payroll software, wealth management solutions, and legal practice management.During FY2021, these divisions brought in a combined $50 million in revenue and $17 million in EBITDA.Following the sale, Reckon will remain focused on expanding its cloud-based software technology into high-growth markets in Australia and the US.The week aheadOnce again US releases including reads on economic growth and inflation are likely to be the biggest factors in markets but there are some things to watch out for here in Australia.Two top Reserve Bank figures – Assistant Governor Christopher Kent and Assistant Governor Luci Ellis are giving speeches and there will be a range of local data out as well.Household spending, consumer sentiment, construction work and retail spending should combine to see whether Australian consumers are following down the US path or are being resilient in their spending patterns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9949574774,"gmtCreate":1678794191999,"gmtModify":1678794267199,"author":{"id":"4115812595329482","authorId":"4115812595329482","name":"Mint111","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4115812595329482","authorIdStr":"4115812595329482"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$ </a><v-v data-views=\"1\"></v-v>","text":"$Nasdaq100 Bull 3X ETF(TQQQ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949574774","isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957024228,"gmtCreate":1676805114964,"gmtModify":1676814083571,"author":{"id":"4115812595329482","authorId":"4115812595329482","name":"Mint111","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4115812595329482","authorIdStr":"4115812595329482"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957024228","repostId":"1150067923","repostType":4,"repost":{"id":"1150067923","kind":"news","pubTimestamp":1676779057,"share":"https://ttm.financial/m/news/1150067923?lang=&edition=fundamental","pubTime":"2023-02-19 11:57","market":"other","language":"en","title":"I Asked ChatGPT for 10 Cryptos to Buy. Here’s What It Recommended","url":"https://stock-news.laohu8.com/highlight/detail?id=1150067923","media":"InvestorPlace","summary":"Artificial intelligence (AI) tool ChatGPThas countless use-cases, and InvestorPlace decided to have ","content":"<html><head></head><body><ul><li>Artificial intelligence (AI) tool <b>ChatGPT</b>has countless use-cases, and <i>InvestorPlace</i> decided to have it recommend high-growth cryptos.</li><li>The model is able to give a list of cryptos to buy, complete with its highlights and weak points for each project.</li><li>ChatGPT also told <i>InvestorPlace</i>its predictions for the coming year in crypto.</li></ul><p>The artificial intelligence (AI) war is on. The rise in popularity among AI image generators like <b>Jasper</b> and <b>DeepAI</b> last year were just the early stages of the much larger boom happening right now. Tools like <b>OpenAI’s</b> ChatGPT have taken the world by storm, for better or for worse. Now, anybody can go to theChatGPT website(when it’s not at capacity) and ask it any question they want. I decided to ask it which cryptos to buy.</p><p>There’s <i>a lot</i> that goes into AI algorithms and programming, so much so that it soars over the head of the layman. It’s these seemingly-unending layers of engineering that allow us to prompt the tool to fix our code, write us stories or explain complex subjects to us. In making investment decisions, the tool works no differently.</p><p>I recently logged onto ChatGPT and asked it to recommend me 10 cryptos to buy based on growth potential. This is the list it gave me:</p><ul><li><b>Ethereum</b>(<b>ETH-USD</b>)</li><li><b>Solana</b>(<b><u>SOL-USD</u></b>)</li><li><b>Polkadot</b>(<b><u>DOT-USD</u></b>)</li><li><b>Avalanche</b>(<b><u>AVAX-USD</u></b>)</li><li><b>Cosmos</b>(<b><u>ATOM-USD</u></b>)</li><li><b>Chainlink</b>(<b><u>LINK-USD</u></b>)</li><li><b>Algorand</b>(<b>ALGO-USD</b>)</li><li><b>Polygon</b>(<b>MATIC-USD</b>)</li><li><b>Terra</b>(<b>LUNA-USD</b>)</li><li><b>Binance Coin</b>(<b>BNB-USD</b>)</li></ul><p><b>ChatGPT Explains Its “Cryptos to Buy” Methodology</b></p><p>ChatGPT’s recommended list of cryptos to buy is pretty interesting. I asked it to explain its methodology a bit, and was surprised to find that the tool utilizes both qualitative and quantitative data in weighing its opinions.</p><p>Unsurprisingly, the first thing ChatGPT used to make its recommendation was quantitative chart analysis — a favorite methodology used by crypto die-hards far and wide:</p><blockquote>“I selected the top 10 cryptocurrencies with the highest market capitalizations, which are generally considered to be the most established and widely adopted cryptocurrencies in the market. From there, I considered their historical performance, looking at factors such as price trends, trading volume and market share to identify which cryptocurrencies have demonstrated strong growth potential over time.”</blockquote><p>What was more interesting was ChatGPT’s use of qualitative data in weighing its picks. The AI says it analyzes each products’ “underlying technology, use cases, adoption and regulatory environment” in making its selections.</p><p><b>ChatGPT Defends Its Picks for Cryptos to Buy</b></p><p>This holistic approach to crypto analysis ensures the AI makes recommendations based less on price momentum and more on strong fundamentals. However, seeing some interesting inclusions (and one very noticeable exclusion), I felt the need to press it more.</p><p>Why Terra? The project has seen complete and utter failure at the hands of poor management in the last year, and its founder has been on the run from the law ever since the original project imploded and bankrupted several companies. ChatGPT admits it could be a lack of information which prompted the pick; indeed, if the tool had data on the project since its mid-May collapse, it would likely have better judgement than to pick a project many consider flawed and unwanted by the community at-large.</p><p>And, of course, why is there no <b>Bitcoin</b>(<b>BTC-USD</b>)? It’s the largest of cryptos, easily the most recognizable and the one which prompted the crypto movement in the first place. It appears that from both quantitative and qualitative standpoints, ChatGPT remains skeptical of Bitcoin’s future:</p><blockquote>“While [Bitcoin] may continue to grow over time, it may not experience the same level of growth as some of the newer cryptocurrencies that are still in the early stages of development. Additionally, Bitcoin’s use case is primarily as a store of value and a digital currency, whereas some of the other cryptocurrencies that I recommended have more specific use cases and potential for growth in specific industries or markets.”</blockquote><p><b>Who Does ChatGPT Expect to Win the Layer-1 Race?</b></p><p>As for the rest of the list of cryptos to buy, investors might be impressed by ChatGPT’s crypto picking abilities. Lots of the other cryptos recommended are wildly popular projects, and they all have great potential for growth. One thing to note is that seven of the ten are primarily layer-1 dapp networks. Binance hosts a BNB Chain alongside its exchange platform, making for a total of eight.</p><p>With this in mind, I was interested in hearing ChatGPT’s take on the battle between layer-1 networks to compete with and potentially overtake Ethereum. It positions Solana, Polkadot and Avalanche as three of the most likely projects to surpass Ethereum in the coming years.</p><p>Solana, it says, has an edge due to its low cost and high scalability, but notes a downside in its “proof of history” consensus mechanism being nascent and untested as opposed to proof of stake. Meanwhile, the AI praises Polkadot’s interoperability, but acknowledges the project’s governance structure “could lead to potential centralization issues in the future.”</p><p>Regarding Avalanche, the program speaks highly of its own unique consensus. But, it acknowledges the drawback that like Solana, it is unproven, and like Polkadot, it could lead to higher centralization.</p><p>In all, the AI provides some very nuanced takes on each project. I am quite impressed by the depth at which ChatGPT analyzes these investments, and many other investors likely feel the same. However, the drawbacks are quite clear, as it seems to lack the most up-to-date information on each project. In a market where news moves exceptionally fast and projects can soar or tank in minutes, this is a major fault line in the tool.</p><p>For this, the AI is very careful to respond to each question with the ever-popular crypto catchphrase of “do your own research.” For example, it stated, “Conduct your own research and consider all available information, including any potential risks and challenges, before making any investment decisions.” When pressed on whether or not asking the tool these questions <i>was</i> doing my own research, it pointed me to speak with investing professionals before buying any of its recommendations.</p><p><b>What Does ChatGPT See for the Future of Crypto?</b></p><p>Obviously, ChatGPT has a robust set of data on the cryptocurrency world. And, it can pick from this pool of data to give some insightful opinions on individual projects. Before logging off to free up capacity for other curious users, I had to hear the AI’s predictions for the future of crypto.</p><p>The model assumes a fairly positive outlook for the crypto market in 2023. It predicts an overall-bullish trajectory for the industry, primarily due to the increasing adoption of crypto and blockchain technology by institutions. “We have seen more and more companies and financial institutions embrace cryptocurrencies as a legitimate asset class, and this trend is expected to continue.” It also gives credit to the increasing functionality of new projects as a reason to believe more investors will enter into the space.</p><p>Moreover, the model has a more optimistic take on regulations than many may care to admit. Indeed, while the Securities & Exchange Commission, the U.S. Department of the Treasury, the European Union and countless others crack down on projects, the AI argues this is good news. It says these regulators are “providing greater clarity and legitimacy to the market, which could in turn drive increased adoption.” This, it contends, would then put pressure on regulators to provide clearer guidance to facilitate the entry of more projects onto the market.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>I Asked ChatGPT for 10 Cryptos to Buy. 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Here’s What It Recommended\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-19 11:57 GMT+8 <a href=https://investorplace.com/2023/02/i-asked-chatgpt-for-10-cryptos-to-buy-heres-what-it-recommended/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Artificial intelligence (AI) tool ChatGPThas countless use-cases, and InvestorPlace decided to have it recommend high-growth cryptos.The model is able to give a list of cryptos to buy, complete with ...</p>\n\n<a href=\"https://investorplace.com/2023/02/i-asked-chatgpt-for-10-cryptos-to-buy-heres-what-it-recommended/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2023/02/i-asked-chatgpt-for-10-cryptos-to-buy-heres-what-it-recommended/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150067923","content_text":"Artificial intelligence (AI) tool ChatGPThas countless use-cases, and InvestorPlace decided to have it recommend high-growth cryptos.The model is able to give a list of cryptos to buy, complete with its highlights and weak points for each project.ChatGPT also told InvestorPlaceits predictions for the coming year in crypto.The artificial intelligence (AI) war is on. The rise in popularity among AI image generators like Jasper and DeepAI last year were just the early stages of the much larger boom happening right now. Tools like OpenAI’s ChatGPT have taken the world by storm, for better or for worse. Now, anybody can go to theChatGPT website(when it’s not at capacity) and ask it any question they want. I decided to ask it which cryptos to buy.There’s a lot that goes into AI algorithms and programming, so much so that it soars over the head of the layman. It’s these seemingly-unending layers of engineering that allow us to prompt the tool to fix our code, write us stories or explain complex subjects to us. In making investment decisions, the tool works no differently.I recently logged onto ChatGPT and asked it to recommend me 10 cryptos to buy based on growth potential. This is the list it gave me:Ethereum(ETH-USD)Solana(SOL-USD)Polkadot(DOT-USD)Avalanche(AVAX-USD)Cosmos(ATOM-USD)Chainlink(LINK-USD)Algorand(ALGO-USD)Polygon(MATIC-USD)Terra(LUNA-USD)Binance Coin(BNB-USD)ChatGPT Explains Its “Cryptos to Buy” MethodologyChatGPT’s recommended list of cryptos to buy is pretty interesting. I asked it to explain its methodology a bit, and was surprised to find that the tool utilizes both qualitative and quantitative data in weighing its opinions.Unsurprisingly, the first thing ChatGPT used to make its recommendation was quantitative chart analysis — a favorite methodology used by crypto die-hards far and wide:“I selected the top 10 cryptocurrencies with the highest market capitalizations, which are generally considered to be the most established and widely adopted cryptocurrencies in the market. From there, I considered their historical performance, looking at factors such as price trends, trading volume and market share to identify which cryptocurrencies have demonstrated strong growth potential over time.”What was more interesting was ChatGPT’s use of qualitative data in weighing its picks. The AI says it analyzes each products’ “underlying technology, use cases, adoption and regulatory environment” in making its selections.ChatGPT Defends Its Picks for Cryptos to BuyThis holistic approach to crypto analysis ensures the AI makes recommendations based less on price momentum and more on strong fundamentals. However, seeing some interesting inclusions (and one very noticeable exclusion), I felt the need to press it more.Why Terra? The project has seen complete and utter failure at the hands of poor management in the last year, and its founder has been on the run from the law ever since the original project imploded and bankrupted several companies. ChatGPT admits it could be a lack of information which prompted the pick; indeed, if the tool had data on the project since its mid-May collapse, it would likely have better judgement than to pick a project many consider flawed and unwanted by the community at-large.And, of course, why is there no Bitcoin(BTC-USD)? It’s the largest of cryptos, easily the most recognizable and the one which prompted the crypto movement in the first place. It appears that from both quantitative and qualitative standpoints, ChatGPT remains skeptical of Bitcoin’s future:“While [Bitcoin] may continue to grow over time, it may not experience the same level of growth as some of the newer cryptocurrencies that are still in the early stages of development. Additionally, Bitcoin’s use case is primarily as a store of value and a digital currency, whereas some of the other cryptocurrencies that I recommended have more specific use cases and potential for growth in specific industries or markets.”Who Does ChatGPT Expect to Win the Layer-1 Race?As for the rest of the list of cryptos to buy, investors might be impressed by ChatGPT’s crypto picking abilities. Lots of the other cryptos recommended are wildly popular projects, and they all have great potential for growth. One thing to note is that seven of the ten are primarily layer-1 dapp networks. Binance hosts a BNB Chain alongside its exchange platform, making for a total of eight.With this in mind, I was interested in hearing ChatGPT’s take on the battle between layer-1 networks to compete with and potentially overtake Ethereum. It positions Solana, Polkadot and Avalanche as three of the most likely projects to surpass Ethereum in the coming years.Solana, it says, has an edge due to its low cost and high scalability, but notes a downside in its “proof of history” consensus mechanism being nascent and untested as opposed to proof of stake. Meanwhile, the AI praises Polkadot’s interoperability, but acknowledges the project’s governance structure “could lead to potential centralization issues in the future.”Regarding Avalanche, the program speaks highly of its own unique consensus. But, it acknowledges the drawback that like Solana, it is unproven, and like Polkadot, it could lead to higher centralization.In all, the AI provides some very nuanced takes on each project. I am quite impressed by the depth at which ChatGPT analyzes these investments, and many other investors likely feel the same. However, the drawbacks are quite clear, as it seems to lack the most up-to-date information on each project. In a market where news moves exceptionally fast and projects can soar or tank in minutes, this is a major fault line in the tool.For this, the AI is very careful to respond to each question with the ever-popular crypto catchphrase of “do your own research.” For example, it stated, “Conduct your own research and consider all available information, including any potential risks and challenges, before making any investment decisions.” When pressed on whether or not asking the tool these questions was doing my own research, it pointed me to speak with investing professionals before buying any of its recommendations.What Does ChatGPT See for the Future of Crypto?Obviously, ChatGPT has a robust set of data on the cryptocurrency world. And, it can pick from this pool of data to give some insightful opinions on individual projects. Before logging off to free up capacity for other curious users, I had to hear the AI’s predictions for the future of crypto.The model assumes a fairly positive outlook for the crypto market in 2023. It predicts an overall-bullish trajectory for the industry, primarily due to the increasing adoption of crypto and blockchain technology by institutions. “We have seen more and more companies and financial institutions embrace cryptocurrencies as a legitimate asset class, and this trend is expected to continue.” It also gives credit to the increasing functionality of new projects as a reason to believe more investors will enter into the space.Moreover, the model has a more optimistic take on regulations than many may care to admit. Indeed, while the Securities & Exchange Commission, the U.S. Department of the Treasury, the European Union and countless others crack down on projects, the AI argues this is good news. It says these regulators are “providing greater clarity and legitimacy to the market, which could in turn drive increased adoption.” This, it contends, would then put pressure on regulators to provide clearer guidance to facilitate the entry of more projects onto the market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9028118693,"gmtCreate":1653183828812,"gmtModify":1676535235784,"author":{"id":"4115812595329482","authorId":"4115812595329482","name":"Mint111","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4115812595329482","authorIdStr":"4115812595329482"},"themes":[],"htmlText":"Isee","listText":"Isee","text":"Isee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028118693","repostId":"1188662284","repostType":4,"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
