3 AI ETFs to Buy Before They Soar to New Heights in 2023
$NVIDIA Corp(NVDA)$ once soared 29% in extended trading on Wednesday , directly breaking through its all-time high. As it's revenue, earnings per share, gross profit margin, and many other indicator for like data center business, game business, have soared by more than double digits QoQ.In addition to the strong revenue performance, net profit rose significantly,operating costs fell, the company's guidance was even more astonishing. $NVIDIA Corp(NVDA)$ expects revenue for the next quarter to be around $11 billion, much higher than the expected $7.15 billion, which is directly higher by 54%.Nvidia’s surge tells us that the frenzy of AI is still going on. Company CEO Jensen Huang said that the entire comput
"Systemic Banking Crisis" not end yet, will follow to short?
If you will continue to be bearish on banking stocks, what stock or related ETFs will be your target? 1. The banking stock crisis is getting worse?The US banking industry is beginning to face pressure due to the rising deposit cost and the impact of potential recession. As a classic case of value investment, banking stocks were once Warren Buffett's heavy positions. However, Buffett's confidence in the financial industry is weakening. According to public data, $Berkshire Hathaway(BRK.A)$ has been a seller of the banking sector since 2020.Bisides to $Bank of America(BAC)$ , Buffett has already cleared his position in $Wells Fargo (WFC) $,
An explainer on what is going on with Silicon Valley Bank:
From GP@uncommon_cap $SVB Financial Group(SIVB)$ An explainer on what is going on with Silicon Valley Bank:- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021. - As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio. - 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%. - The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because inv
Don't be Frightened by NIO's Losses, Good Day On the Way
Don't be frightened by losses, $NIO Inc.(NIO)$, $NIO Inc.(NIO.SI)$ is approaching a "good day".NIO disclosed positive revenue and gross profit margin in Q2 2022 report: Revenue reached 10.29 billion yuan, a year-on-year increase of 21.8%. This is the first time that NIO has exceeded 10 billion yuan, setting a new high in a single quarter; In addition, the gross profit margin of vehicle sales was 16.7%, which was better than market expectations; cash reserves 54.4 billion yuan. In details: 1. The price of NIO bicycles has soared, and the income is acceptable: as a high-end electric vehicle brand, the price of NIO bicycles increased by
Short Positions Hit a Two-year High, Bears Make a Comeback
In the past two months, U.S. stocks have rebounded from their historical lows in the first half of the year. However, the enthusiasm of retail investors in U.S. stocks recently seems to be fading.The $S&P 500(.SPX)$ fell for a second straight week and had its worst day in two months after FED Chairman Jerome Powell hawked the Jackson Hole central bank on Friday.Short S&P 500 positions have increased over the past few weeks, with net short positions in S&P 500 futures rising to 260,000 contracts as of last Tuesday, close to June 2020, according to the Commodity Futures Trading Commission (CFTC) the high point.That means traders are upping their bets on a decline in U.S. stocks. Meanwhile, short interest among institutional investors i
$Nasdaq 100 ETF(QQQ)$ near weekly resistance level. If holds then nice breakout else break down. here's what i found for QQQ. Date: 2022-08-08 Total call volume: 333.9k Total put volume: 510.1k Most traded: 2022-08-08 $322.0C (21.8k)Source:CBOESource:CBOELooking at current situation an ATM put option would provide a good Rate of Return. Probably 08/19 $315P.
$Upstart Holdings, Inc.(UPST)$ shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. $Upstart Holdings, Inc.(UPST)$ shares close to their 52-week low. It is finding support at its IPO price after falling over 94% in the last ten months.Seems the weakest stock during the bear cycle stopped going down a few weeks ago and are carving short-term bottoms??Let's take a look at Q2 Earnings Data:For the second quarter of 2022, revenues came in as management previously guided to with its warning