Current DDA function of Tiger Trade app is very good. I wished it had top up from PayPal orvia PayNow QR code too! Especially the PayPal as I receive some USD payments but PayPalalways has poor exchange rates, I wished I could send USD from PayPal to Tiger account and use it for my investments in the US market.
The Federal Reserve will hold their September FOMC meeting on Sept 20-21, and the resultsof the hike will be revealed on Wednesday. CME FedWatch ToolCurrently, traders now expect a probability of 80% that the hike will be 75 basis points, while a 20% chance that the hike will be 100 basispoints. If the big hike is implemented, unfortunately the market has a lot more to fall. This will likely hurt companies earnings much more, and also continue to drive the dollar index higher. The charts showed some hopeAs of last Friday's trading session, the S&P 500 showed some hope of a red bullish reversal candle, in which the close was much higher above it's low. The Nasdaq index made a green ice cream bullish candle too.Looking at the S&P 500 30minute chart, 3,840 level was well defended, each time the market hit that level, it managed to gain and form a green candle subsequently. Eventually, the S&P 500 only shed 0.72%.S&P 500 daily S&P 500 30 minute Nasdaq dailyFor investors who can only buy and hold, I think it's much safer to wait for the outcome of the Fed meeting on Wednesday before adding to existing long positions. The volatility should continue for the next few days until the outcome and also if September is finally the "last big hike", and will the Fed finally realise that perhaps their soft landing might just turn out to be a crash landing for the economy. Lastly, as inflation is largely driven by the posteffects of the pandemic and the subsequent Russia-Ukraine war, unfortunately unless the war is over, the market bearish sentiment will still continue. But there are some signs that there might eventually be light at the end of the tunnel.$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $SPDR S&P 500 ETF Trust(SPY)$ @TigerStars
Adobe ( $Adobe(ADBE)$ ) plunged almost 17% on Thursday when it reported its earnings. This was in addition to the market's reaction on its $20 billion deal on acquiring Figma, a collaborative design platform developer, in a half cash, half stock in which Figma's employees would receive 6 million additional Adobe restricted stock units that will vest over four years from closure of the deal.Adobe expects Figma to add to the company's earnings by the third year of the after the deal's completion, and it suggests that Adobe's earnings would see a negative impact for two years.Additionally, Adobe guided their fourth quarterfiscal 2022 revenue to $4.52 billion and EPS of $3.50 per share, while analysts had expected$4.6 billion and $3.47 EPS.
In terms of earnings estimates from analysts, they expect Adobe to continue to grow its revenue in the low teens six to eight quarters.Adobe consensus revenue estima (Source: Seeking Alpha)What the chart saysADBE WeeklyADBE during March 2020The stock had plunged so much that we have to go to the weekly chart to find the levels of support. Looking at the chart, the current price sits around levels back in March 2020 during the covid 19 plunge. The likely support areasare around $290, although anything south of $275 could mean more pain. Ratios and ValuationAdobe's current price to earnings GAAP (TTM)is now at a 3 year low of 30, while price to sales is at 8.78. Adobe price to earnings (Source: Seeking Alpha)Adobe's price to sales (Source: Seeking Alpha)In terms of its intrinsic value, Morningstar rates Adobe as a 5-star with fair value at $500. That is a significant discount of 38% with hugemargin of safety, and Adobe has a wide economic moat, with medium uncertainty of hitting its fair value target.Given the attractive ratios and discount from its fair value, Adobe looks attractive at its price after the plunge. However, if you are lookingfor a bigger margin of safety, anything less than $290 will be very attractive. Investors might also wait after the next Federal Open MarketCommittee meeting on September 20-21 before committing capital in this stock.
$AMD(AMD)$ I must have really beenlucky when I decided to exit AMD in early August and take very small profits. When I first bought in May-Jun period, I found that semiconductors was cyclical and when the supply far exceeded the demand, the semiconductors would suffer. For example when their product depends on another tech company, like AMD selling CPUs/GPUs to PC makers or X-box gaming system,any demand drop in the outcome product like PCs or gaming consoles/gaming will cause anoversupply. Oversupply is good for end consumers as the prices of chips sold to gadget makers will be cheaper but not good for investors as the chip makers earn less revenue.
If I were a options trader, I would go for a bear put spread on the SPY $SPDR S&P 500 ETF Trust(SPY)$ , which will allow me to short the index. Instead of shorting directly, a bear put spread involves buying a put at a strike price and selling another put at a different strike price to reduce the captial involved in this trade. Unfortunately it's not possible to do pair options on Tiger Brokers yet :(
Best part of Quotes tab on Tiger Mobile app is the separation of Futures and Global tab. I can now check E-mini S&P 500 $E-mini S&P 500 - main 2212(ESmain)$ and Nasdaq futures$E-mini Nasdaq 100 - main 2212(NQmain)$ before the start and during the trading day and see how the market direction is likely to turn out.Also Global tab is on its own, I can monitor Dollar Index and USD-SGD exchange rates, in addition to the US 2 year and US 10 year treasury rates. Current 2 year is more than 10 year indicating possible recession in the future, so watching this relationship between the US 2 year and US 10 year carefully.
Walt Disney ( $Walt Disney(DIS)$ ) has seen aggressive growth in its Disney Plus subscribers and mounting a strong challenge to streaming leader Netflix ( $Netflix(NFLX)$ ). The number of Disney+ subscribers reached a new high of 152.1 million in the third quarter of 2022. In terms of combined direct-to-consumer subscribers, Disney+, Hulu and ESPN+ added up amounted to around 221.1 million, and surpassed Netflix in terms of subscribers.Number of Disney Plus subscribers from Q1 2020 to Q3 2022On the other side of things, Netflix has seen adecline in number of paid subscribers worldwide in the last 2 quarters. From a peak of 221.84 million in Q4 of 2021, it has now dipped to 220.67 million in Q2 2022.Netflix subscribers from Q1 2013 to Q2 2022Disney+ has been creating content to capture AsiaDisney+ has been playing catch up and producing more K-wave content to get more to sign up in Asia. Just recently launched this month is The Zone, a reality-style survival game starting Korean National MC Yoo Jae Suk, alongside Lee Kwangsoo who left Running Man in 2021 and Girls Generation member Yuri. Disney+ also has classics like Star Wars and even the full 33 seasons of The Simpsons! In Singapore, the price of a month of Disney+ costs S$11.98, while a basic plan of Netflix costs S$12.98, standard S$17.48 and premium S$21.98. Different tiers unlock more concurrent viewing screens, premium allows 4 concurrent viewing screens which you can share with family (and friends), while premium has Ultra HD quality and standard only HD quality.How their charts line upNetflix daily chartNetlfix is down around 60% year-to-date, butsince it reported earnings on July 19, it has regained around 15%. Short term resistance sitsaround $250, and there is a gap left behind inApril from $245 to $330. Gaps represents inefficiencies in the stock, they may not necessarily need to be filled.Walt Disney daily chartWalt Disney has fallen by around 26.5% year-to-date, but is up by around 27% since its Low on July 14 at $90.23 per share. Current support sits at $112, while resistance at $129 looks likely to be where sellers will take profits. Final verdict?In terms of Netflix as a business, it is a high capex business where the company has to spend lots of money producing a drama series that may or may not turn out to be a hit like Squid Game or Stranger Things. It's positive for investors that Netflix is looking towards creating revenue from advertising on their platform, but that might cannibalise their average revenue per user as their current subscribers downgrade their plans to an ad-supported tier.As for Disney, their direct-to-consumer is stillloss making, while their parks & experiences segment is very profitable with a gross margin of 29.5% as of their last reported quarter. Their media and entertainment segment which includes linear networks and direct-to-consumerhas only a gross margin of 9.7% as of the lastreported quarter. There has been recent rumours of investors urging Disney to spin off its ESPN linear network, where traditionally a sports network like ESPN has to pay a lot of exclusive licensing fees to broadcast a specific sport or league.On the overall, I believe that there is more potential in the future growth of Disney than Netflix.
$NVIDIA Corp(NVDA)$ BullishToday's trade would be Nvidia. This has been oversold for quite a long time and the last 2 days have shown a short term trend reversal, it has produced 2 green candles. Entry price at $138. Resistance levels of $154 and $180 are the next to watch, these could be good target prices for short term trades. Remember to set either a trailing stop or a stop loss to exit if this breaks below $130.$Semiconductor Bull 3X Shares(SOXL)$ $AMD(AMD)$ @TigerStars
Microsoft Microsoft makes computer software like Office 365 and Windows OS, and has a very good core segment in its cloud business Microsoft Azure. In addition to that, they also make consumer electronics like XBox and it's video games.MSFTRecent stock price action has taken a dip since August 15 when it reached a high of $294.18. The stock fallen around 12% since then. The 50 daily moving average has crossed above the 100 daily moving average, and likely support will be strong at $250. From the stochastic, the stock has been oversold for quite sometime.If $250 support fails, the next support level at $240 which was support back in May 2021 willlikely be tested.
TeslaTesla designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla has attracted a lot of retail investors, but it's high valuations metrics could mean that investors are overpaying for this stock. Tesla will be reporting its August China deliveries soon, and is expected to report 77,000 unit sales in China. If that figure is reached, that would be up 173% month-on-month and 74% year-on-year. Tesla Giga Shanghai delivered 28,217 vehicles in July, and that was largely due to half the month spent to upgrade the production line.TSLAOn the long term trend, the stock is still facing downward resistance and failing to break above the red downward trendline. The 50 daily MA has crossed above the 100 daily MA, whilethe MACD is starting to converge. There is a potential trading range, from current price to $314, that works out to around $942 pre split. That represents 10% potential upside, and anypositive surprises from August deliveries couldspark a rally for Tesla. Starbucks Starbucks is the world's largest coffeehouse chain, and operates in 83 countries with 34,630 stores worldwide as of April 2022. Starbucks recently announced that Laxman Narasimhan will be the company incoming CEO from October 1st, 2022 and will work closely with Howard Schultz, interim CEO, before assuming theceo role and joining the board of directors on April 1st, 2023. Narasimhan brings nearly 30 years of experience leading and advising globalconsumer-facing brands, including Reckitt, PepsiCo, McKinsey & Company.SBUXThe stock has rallied from a low since June 16, and has gained almost 25.7% since then. It has struggled for direction in the last 2 weeks, however it has regained most of its losses since the Jackson Hole event where Federal Reserve Chairman Jerome Powell threw cold water at the markets with the hawisk statement onmore needs to be done to bring inflation downto its target of 2%. The MACD is starting to converge, while the stochastic has picked up, indicating short term bullish trend. $90 will be a strong psychological resistance, while $92.50 and $99 are the next resistance levels it needs to clear to have any shot at a price above $100. Any failure to break resistance could mean sending the stock back to support level of $80, which is likely toact as support. For a better margin of safety, investors would watch for resistance to fail and step in at $80 support level.
$Microsoft(MSFT)$ $Tesla Motors(TSLA)$ $Starbucks(SBUX)$ @TigerStars