On Fri, 13 Oct 2023 — $JPMorgan Chase(JPM)$, $Wells Fargo(WFC)$ and $Citigroup(C)$ have released their Q3 2023 earnings. Despite all the challenges faced by the financial sector, the 3 banks managed to report profits. JPMorgan Chase & Co. reported a profit of $13.15 billion, or $4.33 a share, YoY. Wells Fargo & Company reported a profit of $6.04 billion, or $1.38 a share, YoY. Citigroup Inc.reported a profit of $5.2 billion, or $2.85 a share, YoY. On Tue, 17 Oct 2023 $Bank of America(BAC)$ will be reporting its Q3 2023 quarterly earnings. I came across a post by Barron (see below), that I think is insightful and remind
1. Pharma stocks $Regeneron Pharmaceuticals(REGN)$ and $Vertex Pharmaceuticals(VRTX)$ hit new high of $853.97 and $374.45 respectively. $Regeneron Pharmaceuticals(REGN)$ three core value drivers are its eye disease drug Eylea (now available in a high-dose form), immunology drug Dupixent, and anti-cancer therapy Libtayo. FDA approved its high-dose Eylea in August. $Vertex Pharmaceuticals(VRTX)$ is striving to develop treatments for APOL1-mediated kidney disease, non-opioid pain medications, rare blood disorders, and diabetes. 2. Insurance stocks $Arch Capital(ACG
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Stocks experienced a remarkable turnaround on Friday, initially dipping in response to a stronger-than-expected jobs report during premarket trading. However, by the end of the day, $Invesco QQQ Trust-ETF(QQQ)$ had rebounded to close at $364.7, marking a 1.68% increase.What are your trading strategies on QQQ?Let's take a look!Congratulations to @Mythz for achieving an impressive profit of 2,111 SGD in just ONE day!Congratulations to @越南喜乐多 for securing a substantial 42.77% profit by strategically purchasing a call option on QQQ.From a technical analysis standpoint, it's worth noting that on Friday, QQQ's closing price landed just below the