To The Moon

🌟🌟🌟From Red October to Green November, Santa Rally is well on its way as the US markets notched its 4th consecutive week of gains, inching closer to all time highs. This is amazing even though it is Thanksgiving Week. The Star Performer this week is $Microsoft(MSFT)$ as It reached a Historic All Time High of USD 379.79 per share on Wednesday. It has been a tumultous week for Microsoft with the unexpected drama from the firing of Sam Altman from OpenAi and his reinstatement back in OpenAi with a brand new board of directors. At one point Sam Altman was offered a job to head Microsoft Advanced AI Division. However 95% of Open AI staff wanted to join him at Microsoft. So with much persuasion and negotiations, Sam Altman is back at his old job. Microsoft has a vested interest in Open AI with USD 13 billion investment and 49% ownership. Satya Nadella, CEO of Microsoft said that he wants Sam Altman where ever he wishes to go. So all is well and it is business as usual. Wall Street Analysts are bullish on Microsoft with a Buy rating, Target price of USD 450.00, an upside potential of 19%. $NVIDIA Corp(NVDA)$ was on a roller coaster ride this week. Nvidia hit an all time high of USD 504.09 on November 20, 23 prior to its Q3 23 earnings on Tuesday November 21, 23. Its Q3 23 smashes expectations with revenue of USD 18.12 billion, up 206% from a year ago and up 34% from the previous quarter. However Nvidia's All Time high share price came to a screeching halt as Jensen Huang said that Q4 earnings in Nvidia would be slower due to curbs on high end chips by the US to China. Its share price has now dropped to USD 477.76, down 3. 4% in the last 5 days. Nonetheless Wall Street Analysts are still bullish with a Buy Rating on Nvidia, Target price of USD 600. Another stock that has done well this week is $Coinbase Global, Inc.(COIN)$ Coinbase is up 5.7% on Friday and 19% in the past 5 days. Its share price is up 243% year todate. The Rally in Coinbase coincided with a broader surge in the Cryptocurrency market with Bitcoin breaking past USD 38,000 mark and Ethereum approaching USD 2131. Since its IPO, Coinbase in 2021, Coinbase share price has been impacted by the Bearish sentiment that was triggered by the collapse of Terra's algorithmic stablecoins and its Luna Cryptocurrency in May 2022. However 2023 has been a good year for Coinbase due to its strategic partnership with Blackrock and Fidelity. These collaborations are focused on providing custody services for the 2 companies ' much anticipated Bitcoin ETFs. The proposed ETFs are currently under review by the SEC and could be approved in early 2024. Coinbase' s share price is up a massive 243% year todate. Once the Spot Bitcoin ETFs are given the green light by SEC, Coinbase's share price may jump even higher. In contrast $AMC Entertainment(AMC)$ Share price has been on a down trend this week. It has dropped 7% in the past 5 days and is down a huge 77% year todate. In August, AMC's share price had a reverse stock split of 1 for 10. However recently AMC was given a new lease of life with the record breaking concert film of Taylor Swift - The Eras Tour and blockbuster movies like Barbie, Openheimer and Mission Impossible - Dead Reckoning Part 1. AMC will also be showing Beyonce Renaissance Film in December. Let's hope that Santa can perk up AMC's share price in December. Another stock that is really struggling is $Faraday Future Intelligent Electric Inc.(FFIE)$ Its share price has dropped 5.8% this week and it is down a massive 98% year todate. Faraday had a reverse stock split of 1 to 80 in August to meet Nasdaq's guideline of minimum USD 1 per share. Faraday even had a new CEO Matthias Aydt who is trying to save the company by cutting costs and improving sales. Will Santa Claus save this company? Perhaps there maybe a short squeeze or maybe a new buyer to take over the company? The stage is set for a strong Santa Rally in December. The US Dollar has fallen to 2 and a half month low as investors believe that the Feds has completed its interest rate hike cycle and in 2024, the Feds may even start to cut rates. VIX, the Fear Index has dropped to 12.46 which means the markets are bullish. So as we say Good Bye to November next week, let's usher in a huge Santa Rally in December and finish the year with the bells ringing jubilantly for a great start to 2024. @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_Earnings @TigerClub @Tiger_SG