$DBS GROUP HOLDINGS LTD(D05.SI)$ The three Singapore banks (DBS, OCBC, and UOB) all reported record profits for the first quarter of 2023. However, their outlook for the rest of the year is more muted. Moreover, since their 1Q23 reporting, share prices have been coming down as US banking turmoil and political deadlock on US debt ceiling may in turn have a negative impact on SG banks. Have NIMs expansion for SG banks peaked? The outlook on the Federal Funds Rate hikes has changed a bit through the last quarter, and three more 25bps hikes now seem unlikely. On the other hand, deposit rates are creeping up with the customary 5–6-month lag behind the asset yields, raising the cost of funding. DBS's NIM grew by 7bps Qo
$Alphabet(GOOGL)$ The stock market is a voting machine in the short term but a weighing machine in the long term. Investors might recall just about in the past three-month, Alphabet was hit by a slew of bad news. These include Google AI Chatbot Bard flubbing its answer during the demo, followed by threats about Microsoft Bing potentially replacing Google Search as the number one engine in the years to come. As a result of these bad news, shares of Alphabet plunged to the $90s sometime in Feb and since then, it has continued to struggle against the other mega peers who have been picking up momentum. Google keynote 2023 presentation done earlier this week has embraced AI and many other updates in its revolution – the full article which you
Dear Powell, On this 1st year of anniversary of rate hikes, I would like to tell you this: 🫠 I expect you to raise interest rates by 50bps in March because you’re a 🦅 & you’ve repeatedly said that you need to bring inflation down to the 2%🎯 🫠 I also expect you to take the terminal rate above 5%, & as inflation is still not under control in Feb, you’ll probably need to take it to the 5.25-5.5% range😔😞 🫠 I don’t see you cutting rates in 2023 based on your 2%🎯 which means my tech stocks will have difficulty recovering… ⁉️ I actually don’t understand why there isn’t a better way to control inflation rather than rate hikes…you’re actually making the bank rich till they can give fat dividends in 2023 & making poor people lose their jobs & not have💵 to pay their 🏡mortgage😢 Busine
🔋🚘TSLA has been a 1-of-a-kind stock in history 🚀🚀🚀🚀🚀🌕 from mid-2019 to late 2021. Then suddenly, it crashed big time in 2022 when Musk was entangled with Twitter🐦 & the stock hit a bear🐻 market low of $101.84 on 6/1/23. Since then,🔋🚘 has soared close to 100%🚀🚀🌕 even after reporting mixed Q4 results on 25/1, topping earnings estimates but missing on revenue. Nonetheless, the stock continued to rise just because Musk said he was 🐂-ish about 2023. After 🔋🚘 slashed prices around the 🌎, it continued📈📈 Even though 🔋🚘 has been rebounding a lot, it's hard to identify a base & the right buy zone. The 200-day price level has been acting as both resistance & support going back many months. After rising for the past 6 weeks, a pullback in the stock is likely. Sellers started coming near th
Just a short update this week. This week was a tough week. Last week I wrote that as the market started to turn and started going down, I decided to buy a few long term call options. These were the call options I bought, most with an expiry date in Jan 2025. $Procter & Gamble(PG)$ $Netflix(NFLX)$ $Pepsi(PEP)$ $Apple(AAPL)$ $Amazon.com(AMZN)$ $Alphabet(GOOG)$ $Microsoft(MSFT)$ This week, the market continued to go down. While on a whole I am quite confident in the quality of these companies and believe that they will do well in the next 1-2 years, it is still quite painful to see all these call options turning red. At this rate, Feb will not be a good month at all. I also think that the market will continue to struggle in the near term, so I decided to sell a corresponding numb
We are now in the midst of February. In fact with Feb being a short month, we are already more than halfway through. This month has seen a very volatile market. Earnings season continue to largely disappoint, CPI inflation numbers remain relatively high though showing some signs of tapering off, tech layoffs continue, and a big focus on AI because of ChatGPT. Last month, I mainly sold put options to collect premiums. This month, I continued to sell some put options , but I also bought several call options when prices dropped. Selling Put Once again, selling put options allowed me to generate profits of over $1,100 just in the first 2 weeks of Feb. Below are the put options I sold, and the reasons for doing so. 1. $Alphabet(GOOG)$ - Strik
In a blink of an eye, January is over, and we are deep into February already. I wanted to do a monthly review of how I did with my options, and of course reflect and see how I can do better. This comes a lotlater than I would have liked, but here it is. As this is the first time I am doing this, I will structure this monthly review in the following way: 1. Last month's performance 2. Reflections and learnings 3. Thoughts for the next month Performance for Jan 2023 January was a very good month for the stock market. With that, it was really easy to be profitable. A high level summary is given below. No of positions initiated: 27 No of positions closed or expired: 17 % of trades closed that were profitable: 82% ROI% for Jan: 4% The above summary only considers options, and does no