๐[Stock Prediction] Who will be the big winner of the week?
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[Winners Announcement: 18 June]
1.Here are the 8 Tigers whose post has the best quality & interaction last Friday: @Jo Tan @ The Investing Iguana @Lionel8383 @Orsiri @Asphen @nerdbull1669 @koolgal @Optionspuppy
Congratulations on being offered 50 Tiger Coins!โ
Newbie's Outlook on Fri 16 Jun 23
Balancing Act: My Careful Investment Strategy in Technology, Pharma, Banks, and Dividend Stocks
2.Here are the stocks mentioned by the above Tigers: $Tesla Motors(TSLA)$ $Luckin Coffee Inc.(LKNCY)$ $NVIDIA Corp(NVDA)$ $AstraZeneca PLC(AZN)$ $Microsoft(MSFT)$ $Advanced Micro Devices(AMD)$ (Not investment advice)
And let's congratulate these Tigers for winning 5-40 Coins:
Below are Today's Key Takeaways.
Top News Move the Market
Weekly Hot Stocks
โญFor The Daily Most Active Stocks in S&P 500 & The Top 10 Popular Stcocks on WallStreetBets please turn to @TigerObserver
โGlobal Markets Weekly Update
Favorable inflation and growth signals appeared to help stocks continue a rally that began with only a few interruptions in late May. The S&P 500 Index notched its longest stretch of daily gains since November 2021 and its best weekly performance since the end of March.
Several signs emerged that the economy was arguably enjoying a โGoldilocksโ expansion of continued growth alongside falling inflation. On Tuesday, the Labor Department announced that the consumer price index had increased at a year-over-year pace of 4.0%โstill double the Federal Reserveโs target, but down from the prior monthโs 4.9% and the slowest pace since March 2021. On Thursday, the Labor Department revealed that producer prices had declined 0.3% in May, marking four declines over the past six months.
The hopeful inflation data may have helped investors absorb a somewhat hawkish outlook from Fed policymakers. On Wednesday, officials announced that they were holding the official federal funds target rate steady in the 5.00% to 5.25% range. However, the โdot plotโ summarizing each policymakerโs rate expectations suggested that this was more of a โskipโ than a durable โpauseโ in their rate-hiking schedule, as the median rate projection suggested two more quarter-point hikes by the end of the year.
Futures & Commodities
Gold price remains confined in a narrow trading band for the second straight day on Monday.A modest US Dollar strength is acting as a key factor acting as a headwind for the XAU/USD.Hawkish outlooks by major central banks also contribute to capping the upside for the metal.
Silver price begins trading week on a back foot, reverses the previous dayโs run-up at weekly top.
WTI crude oil pares the previous weekly gains, the first in three, as it renews intraday low near $71.30 to snap a two-day uptrend amid early Monday.
The week ahead:June 19- June 23
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๐๐๐[Stock Prediction] Who will be the big winner of the week?
U.S. stock and bond markets will be closed on Monday in observance of Juneteenth National Independence Day.Once Wall Street returns, FedEx reports on Tuesday, followed by Darden Restaurants, FactSet, and Accenture on Thursday, then CarMax on Friday.
Click here to vote! Which stock will be the biggest winner this week? If you get the correct answer, and you'll share 1000 Tiger Coins with other tigers!
Ten Tigers who get the correct answer will each receive 100 Tiger Coins. If 100 Tigers get the right answer, each receives 10 Tiger Coins.
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