To The Moon

#MarketTrends

Top 10 Unicorns: Who’s Worth $225 Billion?

The top 10 most valuable unicorn companies, based on CB Insights data, include ByteDance at $225B, SpaceX at $150B, and OpenAI at $80B.

The U.S. dominates with six entries, while China, Singapore, the U.K., and Australia each have one.

ByteDance's U.S. regulatory challenges may affect its valuation.

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The Insight: How To Find The Opportunities

Invest in companies with exposure to sectors led by top unicorns: AI (OpenAI), industrials (SpaceX), financial services (Stripe, Revolut), consumer retail (Shein, Fanatics), and enterprise tech (Databricks, Canva).

Regulatory pressures on ByteDance suggest caution.

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#QuoteOfTheWeek

"Invest in the future, because that is where you are going to spend the rest of your life." - Peter Drucker

This quote underscores the importance of focusing on forward-looking sectors and innovative companies that are likely to shape the future.

By investing in industries like AI, industrials, financial services, consumer retail, and enterprise tech, you align your portfolio with future growth trends and opportunities.

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#News

ASX 200 Hits Record High! What's Driving the Surge?*

The Australian stock market ended the week positively, with the ASX 200 climbing 1.8% to a record close of 7,959.3 points.

This rise was fueled by encouraging US inflation and employment data, hinting at potential interest rate cuts in the US.

A notable highlight was the Commonwealth Bank of Australia surpassing BHP to become the most valuable public company for the first time since November 2021.

The week saw robust performances in eight out of the eleven major sectors, with Discretionary and Real Estate sectors leading the gains, while Utilities and Materials lagged.

US Stocks Climb Amid Cooling Inflation: What’s Next?

US equity markets also experienced gains, with the S&P 500, Nasdaq, and Dow Jones rising 0.9%, 0.2%, and 1.6%, respectively.

The US headline CPI dropped by 0.1% from May to June, marking the lowest level since April 2021, suggesting a steady move towards disinflation.

Additionally, June’s employment data indicated a cooling labor market with unemployment rising to 4.1%.

These factors bolster the case for possible interest rate cuts.

US Corporate Bankruptcies Skyrocket! What’s Behind the Surge?

📉 US Corporate Bankruptcy Filings Surge in June. Higher interest rates, supply chain issues, and decreasing consumer spending continue to burden struggling companies.

The 346 filings this year so far are higher than any comparable period in the last 13 years.

The consumer discretionary sector is notably struggling the most, with 55 filings compared to 40 in healthcare and industrials, and 20 in information technology.

If interest rates, supply chain issues, and slower consumer spending persist, the second half of the year may see similar trends.

This is worth noting for these sectors and any highly indebted companies.

Copper Prices Set to Soar! Here’s Why!

⛏️ Few New Major Copper Discoveries as Focus Remains on Older Deposits. If this analysis is accurate, there are many reasons to be optimistic about the price of copper.

Given the significant amount of copper needed for global electrification and the lack of new deposit discoveries, the copper market could face a substantial imbalance with demand outstripping supply from 2027 onwards according to this research.

Copper exploration budgets in 2023 were 34% lower than their peak in 2012, and even lower when adjusted for inflation. Furthermore, the average lead time for developing new mines has increased to 17.9 years from 12.7 years.

This delay is driven by longer times for exploration, permitting, feasibility studies, construction, and financing.

As most newly discovered sites are years away from being operational, production from these mines may not reach the market soon enough to ease projected supply deficits.

This scenario is very bullish for the price of copper.

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Best Regards,

James Lim, SFA Founder

Disclaimer:

Stewardship Finance Academy does not provide financial advisory services. The content in this email/website serves solely for general educational purposes and is crafted without taking into account your specific objectives, financial status, or requirements. It is advisable not to depend on any guidance or information from this website. Prior to making any investment choices, it is suggested that you assess its suitability for your circumstances and consult with relevant financial, tax, and legal professionals.

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