To The Moon

Last Fri, 14 July 2023, 3 US top banks (international) reported their Q2 2023 earnings in the morning. At first glance, they looked like credible results and the pre-market indicators turned “optimistic”. In the end, US market had a “mixed” closing (see below). DJIA: +0.33 (+113.89 to 34,509.03). Best performing index! S&P 500: -0.10% (-4.62 to 4,505.42). Nasdaq: -0.18% (-24.87 to 14,113.70). Honestly, I don’t think the banks are doing that “well” despite the quarterly earnings data released so far. Firstly, corporate clients are not providing as much of a lift, which is hurting banks that rely on them heavily. Corporates are dragging their feet, mainly due to: (see below) Continuous interest hike; inflating cos

On June 21st, the trading volume of $NASDAQ(.IXIC)$ was second only to the quadruple witching day a week ago. The recent surge in technology stocks has attracted more capital, but many investors have also started to take profits. The pullback of major tech companies is currently the focus of investors. In addition to companies in the AI sector like $Microsoft(MSFT)$ $NVIDIA Corp(NVDA)$ $Meta Platforms, Inc.(META)$ , what is even more eye-catching is $Tesla Motors(TSLA)$ . Due to the continuous stream of positive news and the consecutive double-digit percentage increases in its

On Wed, 10 May 2023 evening I was keeping virgil by my mobile phone, like everyone else. Just so that when the news of US April CPI is out, I would know “immediately”. When the news flashed across my mobile screen, I heaved a sigh of “relief”. CPI was “4.9%”, 0.01% “higher” than my personal forecast (click to read my post! and give a “LIKe” ok, tks!). It was a “memorable” moment because this is the first time in two years that US’s CPI comes in “sub 5%”. Deserves a celebration, no? Strangely enough, the market did not rally as I had hoped it would. By the time market closed: DJIA was down -30.48 (-0.09%) to 33,531.33. S&P 500 was the only index upped marginally +18.47 (+0.45%) to 4,137.64). Best performer. Nasdaq was

🔥 🔥 TESLA STOCK | Starting a New RALLY.

Just now, JD.com $JD.com(JD)$ $JD-SW(09618)$ released its first quarter results. After the financial results were released, the stock price of the US stock market rose immediately before the market:There is no doubt that JD.com 's financial results exceeded expectations.Compared with analysts' forecasts, JD.com's revenue in the first quarter was 243 billion yuan, exceeding analysts' consensus expectations of 240.5 billion yuan. First-quarter operating profit was $6.4 billion yuan, it also beat analysts' consensus of $4.8 billion yuan:Much more than expected, could it be that 10 billion yuan subsidy working?JD.com CFO seemed to confirm this when she said in the earnings statement: During the first quarter,

US stock market didn’t exprience much volatility after the release of better-than-expected CPI. There are four companies, however, popped or dipped yesterday. They are $Unity Software Inc.(U)$, $Roblox Corporation(RBLX)$, $Desktop Metal Inc.(DM)$ and $Teva Pharmaceutical(TEVA)$ .1. $Unity Software Inc.(U)$ +9.12% as it beat revenue and offered rosy guidanceUnity Software, video game software developer, popped 9% after the company released first-quarter earnings that beat analysts’ expectations for revenue and offered rosy guidance.Its revenue for the quarter was up