Are these stocks joining the Halloween party?
With dovish remarks by the Fed officials that recently rising bond yields are doing the heavy lifting for the central bank in reining in the sticky inflation, the market is increasingly expecting the Fed to finally halt the series of rate hikes when the officials meet at the end of this month.
Despite that the rates are likely to stay high for longer, a halt in the rate hikes is still an encouraging sign that the inflation is under control and cooling towards the Fed's long-term target of 2%, relieving the market over worries of a stagflation.
High growth stocks like $Sea Ltd(SE)$
Furthermore, Sea may also gain from the resurgence of COVID cases recently as people turn to its e-commerce and online gaming. Likewise, Roblox will see more users, as youngsters stay away from outdoor entertainments. On the other hand, AMC having its stock overhang on dilution lifted and secured fresh funding from the equity issue may now position itself to stay relevant post-pandemic.
Meanwhile, hopes are running high on an eventual approval by SEC of an inaugural spot price-based ETF on bitcoin, upon which Coinbase will be among the winners as cryptocurrency trading garner renewed interests.
Electric vehicle deliveries by Li Auto have been encouraging and should see further update as the Chinese economy recovers. With growing global awareness of climate change and tightening emissions control, hopefully Li Auto will continue to grow and increase its market presence.
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I recommended Li Auto as a strong buy after the company reported second-quarter earnings which showed that the company was moving towards its first-ever full-year profit
i haven’t been holding SE long enough and started buying only in Q3 (55 range) and more in 38’s after the ER.I plan to hold for at least a year
Li Auto has potential to surprise with regards to vehicle margins and submit a strong delivery outlook
While the ban on TikTok has favored SE, its threat is not completely eradicated
Li Auto continues to be ridiculously undervalued compared to its EV rivals
Hi