To The Moon

🌟🌟🌟This has been a nerve racking week with the US markets closing down in the red zone. Investors have been worried about the Middle East war, a rise in the US 10 year yields towards 5% and the impact of interest rates staying higher for a lot longer than expected. This is indeed a great time to hunt for Red October Stocks that have been hammered lately yet have lots of upside potential. $NVIDIA Corp(NVDA)$ Is down 8% in the past 5 days to USD 413.87. However it is a far cry from its all time high of USD 502.66. This week the US government announced that it is tightening export controls on Semiconductor chips used for AI and the equipment used to manufacture them, in an effort to prevent China from acquiring or producing advanced chips. However Nvidia said that given the strength of demand for its products worldwide, it does not anticipate that the additional restrictions will have near term meaningful impact on its financial results. In other words, Nvidia is confident that the USD 400 million loss in potential sale to China would not impact its quarterly revenue since the hardware will be purchased by other customers. Nvidia has the monopoly for the processors used to power AI as it has 80% to 95% of the AI Chip market. So I believe the 8% drop in share price is a knee jerk reaction to the news. In fact Wall Street Analysts are still bullish on Nvidia with a Buy Rating, a Target price of USD 656.98. That is an upside potential of 58%. $Coinbase Global, Inc.(COIN)$ Share price is surprisingly up 2% and also a huge 122% year todate. That's because Bitcoin jumped on Friday to above USD 30,000 for the first time since July. That is 10% up this week. Investors are eagerly waiting for the news of the fate of applications with SEC for a spot Bitcoin ETF by major financial firms like Blackrock which is partnering with Coinbase on this. There is also speculation that Bitcoin will hit USD 50,000 once this Spot Bitcoin ETF is approved. Coinbase will also benefit from this too as the largest US based Cryptocurrency Exchange. Wall Street Analysts are bullish on Coinbase with a Buy Rating, Target price of USD 84.48, an upside potential of 14%. $Palantir Technologies Inc.(PLTR)$ Is down 5.5% on Friday but is still up 152% year to date. Palantir has been awarded a USD 250 million contract from US Defense to research and develop AI and machine learning technology on September 27 2023. Palantir is also waiting to be awarded the NHS contract worth 480 million pounds from the UK government. This could happen as soon as next week. If it does, Palantir 's share price may jump. $Roblox Corporation(RBLX)$ is up 4% in the past 5 days and has increased 14% year todate. Roblox is finally available in Sony' s PlayStation platform since October 10. Roblox still has plenty of growth potential in the USD 200 billion gaming industry. It has seen its user base double over the last 3 years. Roblox is also into Metaverse where multiple users can interact within a shared experience. Wall Street Analysts are bullish on Roblox with a Buy rating, Target price of USD 38.21, an upside potential of 20%. $Faraday Future Intelligent Electric Inc.(FFIE)$ Share price was up 5% in the last 5 days. However it is down a massive 94% year todate. The new CEO of Faraday is Matthias Aydt. He is focused on cutting cost which include staff reduction. Faraday had undergone a 80 to 1 reverse stock split in August so as to meet the requirements of Nasdaq of USD 1 per share. Since then the company has been struggling but perhaps with a new CEO, things will get better. It remains to be seen how things will pan out. This has been a scary week for investors as the markets tumbled but a great opportunity to bargainhunt great companies on sale. The Hunt For Red October Stocks will continue next week with much excitement ahead. @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_Earnings @TigerClub @Tiger_SG