JC888

    • JC888JC888
      ·03-28 21:27

      Consumer Confidence: Key to GOOG future ?

      On Tue, 26 Mar 2024, the Conference Board Consumer Confidence index (March) was released. It is one of handful Economic reports out this week, that may “impact” the short trading week. (see below) CB Consumer Confidence report. Overall, consumers are feeling less confident about the future state of US economy. Data came in at 104.7, -0.1 lower than February’s 104.8. and -2.3 lower than Wall Street’s expectations of 107. (see below) US Consumer Confidence Index (CCI) since 2005. Looking at past 3 years’ data, consumer confidence was the lowest in July 2022 at 95.3 (revised). Since then, it has been on a roller coaster ride pattern - up and down and up again. YTD, consumer confidence has been declining steadily since January 2024. Expectations Index. The "Expectations Index" (60% componen
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      Consumer Confidence: Key to GOOG future ?
    • JC888JC888
      ·03-28 21:22

      $COIN Crashes: Guilty Before Trial ? Unfair !

      On Wed, 27 Mar 2024 - the Securities and Exchange Commission (SEC) scored a major win in its lawsuit against $Coinbase Global, Inc.(COIN)$. 9 months ago (in June 2023), SEC filed suit against Coinbase, alleging that it facilitated trading of at least 13 crypto tokens that should have been registered as securities. It also accused that Coinbase was operating illegally as a national securities exchange, broker and clearing agency without registering with the regulator. SEC also demanded the company be “permanently restrained and enjoined” from continuing to do so. US District Judge Katherine Polk Failla ruled that SEC’s claim that the cryptocurrency exchange engaged in unregistered sales of securities could be heard by a jury at trial. Extracts from
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      $COIN Crashes: Guilty Before Trial ? Unfair !
    • JC888JC888
      ·03-28 09:55

      Intel rises en route to Fri PCE report?

      $Intel(INTC)$  Quite certain you should have come across the bad news (by now) looming over Intel and $AMD(AMD)$  . In the latest tit-for-tat between the two super powers, China is reacting to further sanctions by the Biden government over chips exports and blacklisting of more Chinese companies at the trade front. (see below) According to S&P Global Market Intelligence’s data, when the news broke on Mon, 25 Mar 2024 Intel immediately fell by -2% as of 11 a.m. ET. It had even at one point in time, fell by as much as -4.7% earlier in the day's trading. “Luckily” by the time trading ended, it fell by -1.74% only. (see below) The loss is in reaction to news
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      Intel rises en route to Fri PCE report?
    • JC888JC888
      ·03-27 20:13

      $UBS: Riped for picking again, this week?

      Swiss Bank Revisited. In my 15 Feb 2024 post, I have touched on Swiss bank $UBS Group AG(UBS)$ and how I managed to “dip buy” when US market was very nervous about the first Consumer Price Index (CPI) report of 2024. What exacerbated the situation was January 2024 inflation data came in stronger than Wall Street estimates. With that came the opportunity to dip-buy into UBS banks as recounted in my February post. (Click here ! to read). Since purchase, the stock managed to make steady gains. (see above) My strategy has always been to separate my purchase/s into separate parcels. And I have my “ideal” ent
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      $UBS: Riped for picking again, this week?
    • JC888JC888
      ·03-26 20:24

      Forget S&P 500: Luxury Goods is New Investment ?

      Luxury goods have long been coveted for their craftsmanship and exclusivity, often serving as symbols of status and wealth. (see above) Think Rolex watches, Hermes Birkin, Kelly or Chanel’s 2.55, and even classic cars, they have long held a certain allure. In recent years, they have also emerged as a potential investment avenue, like: Traditional assets - stocks, bonds or real estate. Contemporary asset - cryptocurrency. Allure of luxury goods as investments lies in their “tangible” nature and the emotional value they carry, that could sometimes (not 100% always) translate into financial value over time - in part no thanks to vloggers and influencers keep marketing the concept of “investment pieces”. Luxury Retails - Best investable? Were you as surprised as I was when I chanced upon the
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      Forget S&P 500: Luxury Goods is New Investment ?
    • JC888JC888
      ·03-25

      Micron: Buy the Chip or Miss the Dip ?

      Micron Technology - Buy Now? There’s a saying “Good things come to those who wait”. When it comes to $Micron Technology(MU)$, it is true now more than ever. It has been like that for this semiconductor company, compared to trailblazers like $NVIDIA Corp(NVDA)$ and to a lesser extent $Advanced Micro Devices(AMD)$. (see below) Look at the 3 semiconductor stocks (Nvidia, AMD & Micron) past year performance, Micron is in Red and Nvidia is in Purple. All 3 stocks have been trending upwards with the leader Nvidia rising (floating) way above the other 2 stocks by a wide margin. Micron’s 2023 performance was almost flatline. Things began to turnaround only after mid F
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      Micron: Buy the Chip or Miss the Dip ?
    • JC888JC888
      ·03-25

      Stop Cyber Threats: Invest Cyber ETFs.

      Cybersecurity - where are we? In my 15 Dec 2023 post (click here ! to read), I have shared that cybersecurity is a growing area in Information Technology. This will be even more important as countries become more digital. Daily news on scam, shows that cyber threats are real, malicious, and not going away anytime soon. Main Cybersecurity Trends: Based on Gartner 2024 report, below are some significant trends: Organizations to invest to withstand cyberattacks from third-party vendors. "Identity-first" security approach is becoming important, especially Identity & Access Management (IAM). Overtime, Artificial intelligence (AI) is likely to pl
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      Stop Cyber Threats: Invest Cyber ETFs.
    • JC888JC888
      ·03-24

      AAPL, GOOG, META face Downdraft soon ?

      Brewing storm in the horizon? $Apple(AAPL)$ , $Meta Platforms, Inc.(META)$ and $Alphabet(GOOG)$ are rumoured to be investigated for potential violations of the European Union's Digital Markets Act (DMA). This could lead to hefty fines by end 2024, according to people with direct knowledge of the matter. The European Commission will likely announce the investigations soon and issue decisions before EU antitrust chief Margrethe Vestager's term ends in November 2024. Ironically, the Commission declined to comment. Neither did Apple, Meta and Google (immediately) respond to requests for comment. What have taken place so far? In a recent interview with Reuters, Ms Ve
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      AAPL, GOOG, META face Downdraft soon ?
    • JC888JC888
      ·03-23

      US Market Review: Top Sectors to invest!

      Q1 2024 Ending. As we head into last week of March - incidentally end Q1 2024; let’s review what have transpired in the week of March 18 to 22. The most important event of the week was US central bank’s Federal Open Market Committee (FOMC) meeting on Mar 19-20, to “finalize” US monetary policy’s direction. 2024 FOMC - 2nd Meeting Summary. As expected, US central bank kept interest status quo (5.25% - 5.5%). It released an updated "dot plot" with 3 rate cuts (still) expected in 2024. US Federal Reserves - latest Dot Plot FOMC sees the fed funds rate gradually heading to 3.1% by 2026, indicating that 2024 is likely the start of a multiyear rate-cutting cycle. (see above) *Note: This was slightly higher than December dot plot, that showed fed funds rate falling to 2.9% in 2026. Fed’s chai
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      US Market Review: Top Sectors to invest!
    • JC888JC888
      ·03-23

      MSTR MARA TSLA - Invest / Divest in BTC companies ?

      Finally. After approximately 2 years and 3 months, Bitcoin finally recovered its lost grounds. On 14 Mar 2024, it even broke through it past peak and conquered a new high, touching $72,227. It has since come off its new peak - still at a enviable $66 466.30 per bitcoin, as of 22 Mar 2024 3:00pm Singapore time. Two questions on my mind really: Will Bitcoin remain elevated at this price range or will it scale even higher come April’s halving exercise? Are companies holding Bitcoin at an advantage or at risk? It’s a mistake ! All along I had assumed that only Tesla have benefitted from Bitcoin. It was only until I researched on this topic that I realized my oversight. (see below) Bitcoin - world’s largest corporate holders. Above are top publicly traded companies that hold the most Bitcoi
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      MSTR MARA TSLA - Invest / Divest in BTC companies ?
     
     
     
     

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