To The Moon

Stock market presented mixed results at close session on 07 May 2024. The Nasdaq Composite edged down by 0.1%, affected by declines in major technology and semiconductor stocks. In contrast, both the S&P 500 and the Dow Jones Industrial Average saw slight gains of 0.1%. The Russell 2000 outperformed, posting a 0.4% increase. The market breadth was mixed, with a slightly positive tilt in the number of advancing stocks versus declining ones on the NYSE, whereas the Nasdaq saw a marginal dominance of decliners. Sector Performance - Consumer Staples and Materials Win The majority of S&P 500 sectors ended the day on a positive note, with only three sectors recording losses. Consumer discretionary and information technology sectors experienced the largest declines, while materials and

$Seatrium(S51.SI)$ has announced in its latest filing on Wednesday that it has secured a green trade finance facility with a banker's guarantee from OCBC worth €720 million (S$1.1 billion) to finance its sustainability efforts. This financing would support Seatrium’s offshore renewable projects and decarbonisation efforts, bolstering the group's implementation of green measures and investments in sustainable and environmentally-friendly technology and practices within its operations as mentioned in the filing. I have some holdings in $Seatrium(S51.SI)$ so I would be interested to see how this stock would trading forward as it has its fair share of “not so nice” moments. In this article, I will try to

After Fed Chair has commented that rate hike might not be in the horizon, and we saw oil futures and the yield on the 10-year Treasury note were lower. Gold prices rose. The U.S. dollar lost ground to the euro and yen, but gained versus the pound. Most major cryptocurrencies traded lower. But what I would like to discuss in this article is how bond yields and gold are related and how we can plan our investing and trading strategy around it. Bond Yields and Gold Positive Relationship Not Confirmed? If we were to take a look the relationship between Gold and the bond market, there is not really confirmation of a positive relationship. The chart below presents the price of gold and the 10-year Treasuries (we took the yields and inverted them). As one can see, the price of gold was rising

On Wednesday (01 May 2024), $Qualcomm(QCOM)$ reported fiscal second-quarter profit of $2.33 billion. It also reported profit of $2.06 per share. Earnings, adjusted for one-time gains and costs, came to $2.44 per share. The results exceeded Wall Street expectations. The chipmaker posted revenue of $9.39 billion in the period, which also topped Street forecasts. Next Earnings Guidance For the current quarter ending in June, Qualcomm expects its per-share earnings to range from $2.15 to $2.35. Qualcomm expects revenue in the range of $8.8 billion to $9.6 billion for the fiscal third quarter. Qualcomm stock trades at just about 17x consensus 2024 earnings, which is a reasonable valuation. While this is partly because revenues and earnings are project

We saw yesterday’s trading session maintaining a positive tone from start to finish, gaining momentum in the afternoon.The Dow Jones Industrial Average saw an increase of 0.9%, while the S&P 500 also rose by 0.9%. The Nasdaq Composite experienced a more significant boost, climbing 1.5%, and the Russell 2000 outperformed with a 1.8% increase.We have Coinbase and Block releasing their earnings after hours and they lead the earnings surprises, this has helped to boost the Tech Stocks. We saw the S&P 500 Consumer Discretionary and Information Technology sector perform above 1.5%.Market Optimistic Sentiment From Fed No Further Rate Hikes CommentThe reason why we saw yesterday market optimistic sentiment is because of the Fed Chair Powell's remarks indicating that further rate hikes are

As we are expecting another strong jobs report in the bag today (03 May 2024), we have heard the Fed Chair Powell comments that rate hike is unlikely, but the decision for rate cut is still not there. So how can we adjust our strategy in order to defend against this uncertainty and we can take advantage of how the S&P 500 sector is performing. Consumer Staples Sector Out Of Favor In 2023 If we looked at the defensive sector, Consumer Staples in 2023, the stocks had a challenging year in 2023. But the valuations are now compelling and profit margins and volumes potentially poised to rise in 2024. With the longer and stable interest rates, I believe the consumer staples sector would have a better 2024 especially when investors are shifting their favor to defensive and dividend-paying sto

With its shares down over 10% this year, and iPhone sales down as well, $Apple(AAPL)$ big plan to restore investor confidence is a $110 billion stock buyback and a 4% dividend increase. We know that Apple have been facing challenges before its earnings, so will this stock buyback win back investors confidence for its stock price? In this article I would like to share the pro and con of stock buyback and how Apple stock would move based on Technical Analysis (TA)? Key Challenges Apple Faced Around The World Now European Union Digital Markets Act EU’s Digital Markets Act takes effect in March 2024 in a new threat to Apple’s “walled garden”, the ecosystem that encourages Apple hardware users to buy other Apple products and services. The EU also hit A

The stock market finished the week positively, with the S&P 500 (SPX) rising by 1.3% to nearly touch its 50-day moving average at 5,129 points, while the Nasdaq Composite (COMPX) saw a 2.0% increase. The Russell 2000 (RUT) also climbed by 1.0%, bringing its year-to-date gain to 0.4%. We saw Crude oil drop by 1.22% and VIX was down by 8.11%. Gold has a small increase of 0.02%. Will we see similar performance this week? Is Weaker-Than-Expected Job Growth Good News? Market Seem To Think So We have the April employment report (labor data) release on Friday, the data has showed weaker-than-expected job growth. We saw market sentiment influenced because this has removed some of the fears of an imminent rate hike without raising concerns about overall labor market health. Here is a summary

I believe analysts and investors who are vested in $Palantir Technologies Inc.(PLTR)$ would be keeping a close eye on the performance of Palantir Technologies in its upcoming earnings disclosure. Palantir would be releasing their earnings report on 06 May 2024 after the market close. Market is expecting the company's earnings per share (EPS) projected to be $0.08, reflecting a 60% increase from the same quarter last year. Revenue is expecting to come in at $614.88 million, showing a 17.08% escalation compared to the year-ago quarter. The full-year estimates for Palantir are expected to be at earnings of $0.33 per share and revenue of $2.68 billion. These results would represent year-over-year changes of +32% and +20.56%, respectively. I think what

One of the best Dow Jones stock of 2024 is $Walt Disney(DIS)$, it has gone up 25% for the year-to-date. Walt Disney is expected to report its fiscal second-quarter results before the market open on Tuesday (07 May 2024). Market is expecting Walt Disney to report earnings of $1.10 per share, up 18.3% year-over-year (YoY), on revenue of $22.1 billion (+1.4% YoY). Password-sharing crackdown What investors would be looking for in this upcoming earnings release would be the proxy battle against activist investor Nelson Peltz on the Disney Plus password-sharing crackdown that is set to begin in June. We can see that why this might be in focus because Disney streaming business performance have been in question and there need to be a sense of urgency to ge