To The Moon

As anticipated, everyone was waiting for the 2:30pm press conference on Wed, 26 Jul. US market was trading sideways in the morning; spiking at 2:30pm when the FOMC press conference started. As the press conference progresses, market began to dip when there was no clear signal that the Fed will halt further interest hike. By the time market closed for the day. DJIA: +0.23% (+82.05 to 35,520.12). S&P 500: -0.02% (-0.71 to 4,566.75). Nasdaq: -0.12% (-17.27 to 14,127.28). Gist of Mr Powell’s Press Conference "The process of getting inflation back down to 2% has a long way to go," said Mr Powell. “Bringing down inflation is likely to require a period of below-trend growth and some softening of labor market conditions", he further added. Lastly, Mr Powell added “The central bank had not

On Thursday, the Federal Reserve raised interest rates by 25 basis points as expected, Chairman Bauer left the door open for future rate hikes, investors digested a fresh batch of earnings, and Microsoft led technology shares down amid a mix of bearish and bearish news.A 14-day winning streak on Thursday would tie the longest winning streak since June 1897, set about a year after the Dow was founded in May 1896.Social media leader Meta's second-quarter revenue rose 11 percent, beating market expectations. It also gave an encouraging third-quarter forecast and said its new short-form video feature Reels is successfully attracting advertisers, sending its shares up nearly 7 percent in premarket trading on Thursday.Intel will release its earnings report after the closing bell on Thursday, and

1. $Tilray Inc.(TLRY)$ +14.88%: reported a smaller loss and higher revenueCannabis company Tilray Brands saw its 15% rise after it reported a smaller loss in the fourth quarter compared to the same period in the previous year.The company's revenue also experienced a significant increase, rising 20% to $184.2 million, surpassing the $153.3 million generated in the same quarter of the prior year and exceeding analysts' expectations.Adjusted EPS: $0 vs. -$0.043Revenue: $184.2 mln vs. $152.77 mlnLooking ahead to fiscal year 2024, Tilray forecasts adjusted EBITDA of $68 million to $78 million, indicating growth of 11% to 27% over fiscal year 2023.Tilray, a Canadian company, has been strategically positioning itself to become a major player in the

Ark Invest has purchased 133,191 shares of $SoFi Technologies Inc.(SOFI)$ at the closing price of $9.09 through its Ark Fintech Innovation ETF (ARKF) fund. Considering that a significant purchase is made amidst a volatile market environment for Ark Invest. I would think there might be some optimistic expectations for the company’s banking business. There have been reports of some downgrades for SoFi Technologies by some major banks. Hence, I would like to share on what I have discovered after using Technical Analysis to look at how SoFi have been doing recently. Technical Analysis – Simple Moving Averages (SMA) SMA has shown that SOFI is in a bull trend but do note that there is a tendency of the trend moving downwards. The period of SOFI bull tre

Opportunity cost is an important concept in economics and finance, representing the cost incurred by choosing one valuable option over another when making an economic decision.Simply put, if you choose opportunity A, you have to give up opportunity B, and the loss incurred by foregoing B is the opportunity cost.Let's take an example:For instance, let's say Jack has $10,000 in disposable income and is considering whether to invest it in the share market or deposit it in a bank for interest.If he chooses to invest in the share market, he is forgoing the interest income from the bank deposit. If he chooses the bank deposit, he is giving up the potential returns he could have earned in the share market. This represents the opportunity cost of Jack's decision.In everyday life, opportunity cost

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,371.17 points, up 2.83% points last week.During the last 5 trading days, $NIO Inc.(NIO.SI)$, $IFAST CORPORATION LTD.(AIY.SI)$, $KEPPEL CORPORATION LIMITED(BN4.SI)$, $HO BEE LAND LIMITED(H13.SI)$ and $FRASER AND NEAVE, LIMITED(F99.SI)$ are the top 5 Weekly gainers, up 34.30%, 16.91%, 6.04%, 5.85% and 5.71% respectively.$Olam Group(VC2.SI)$,

1. Tourist arrivals in #Macau, the gambling Mecca of Asia, hit 2.2 million in June. That was 71% of pre-pandemic levels for the same month in 2019. For the first 6 months of the year, tourist arrivals reached 13 million, or about 70% of pre-pandemic levels. There’s definitely a significant level of improvement in the territory’s tourism-driven economy following several years of lockdowns, which closed off Macau to both mainland Chinese and international tourists.#Casino operators are spending billions to reinvent themselves into more family-oriented establishments after Beijing’s crackdown on junket operators with a reputation for aiding illicit money flows out of China. S&P Global estimates Macau’s total Gross Gaming Revenues (GGR) to reach 75% to 85% of 2019 levels, which would indic

1. $Johnson & Johnson(JNJ)$ +6.07%: Strong Q2 Results, Raises Full-Year Guidance Amid Medtech Sales Growth Johnson & Johnson, a leading pharmaceutical company, surged by 6% following better-than-expected revenue and adjusted earnings for the second quarter, primarily driven by robust sales growth in its medtech business.EPS: $2.80 adjusted, vs. $2.62 expectedRevenue: $25.53 bln, vs. $24.63 bln expectedFull-year Sales Guidance: $98.80 bln to $99.80 bln, $1 bln higher than April’s forecastsThe company's performance is seen as a key indicator for the broader health sector. The increase in demand for nonurgent surgeries among older adults, following the COVID-19 pandemic, has been a significant factor contributing to the medtech division's

Last night, after Tesla released its financial report, the stock price plummeted by 9.74%. Could this be the signal of a new round of plunge?Looking back, Tesla $Tesla Motors(TSLA)$ 's previous surge was driven by a skyrocketing valuation due to the rebound in sales. At the beginning of the year, Tesla's price-to-earnings ratio (P/E) dropped to below 30PE:As of yesterday, Tesla's P/E ratio remains as high as 74 times.Regarding sales, the delivery volume in the first half of the year increased by 57% compared to the previous year, and the strategy of price reduction and promotion played a role. But the downside is that the gross profit margin continued to decline in the second quarter, reaching only 18.19%.According to Musk, Tesla is more focused o