The major averages wrapped up a big comeback week for stocks last week, with the S&P 500 3.06% higher to 3,911. Is this a market bottom, or just a bull trap? Share to win coins!
Berkshire nears 20% stake in Occidental Petroleum, boosting bottom line??
Buffett $Berkshire Hathaway(BRK.A)$ keep buying $Occidental(OXY)$ another $250 million this Wednesday, reaching a 19% stake. Now total holding comes to 179 million shares worth $10.4 billion.This man is ultimately rich.The latest purchases put Berkshire closer to 20% ownership, a threshold that would let it record its proportionate share of Occidental's earnings with its own results, known as the equity method of accounting.According to US-GAAP, Equity method need to combine the bottemline items in the income stateme
Have we reach the BOTTOM?? [serious] [Doubt] U.S. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years. [OMG] The energy index rose 7.5% M/M, contributing almost half of the all-items increase.Gasoline index jumped 11.2%.Food index increased 1.0% in June.Several factors such as housing stand to keep price pressures elevated for longer.Geopolitical risks including Covid lockdowns in China and Russia war in Ukraine also pose risks to supply chains and the inflation outlook.The broad pressure in the core rate, led by plenty of inertia in rents, suggests inflation may not peak for a while, and might remain stubbornly high for longer than anticipated. [Blush] Federal Reserve officials may debate a historic one percentage-point rate hike late
Yesterday, biomedical stocks rose sharply, and many stocks rose by more than 15%. Is this a rebound in the bear market or is a new bull market about to set sail?First of all, before this round of rebound, NASDAQ biomedical stocks fell sharply. Taking NBI index as an example, stocks with the largest decline of more than 90% have been everywhere since the peak in September 2021!The huge decline brought the valuation to a historical low. For example, the current market sales rate of NBI index is only 5 times, which is near the historical lowest value. The last time it was so cheap was after the 2008 financial crisis!$BeiGene(BGNE)$$Moderna, Inc.(MRNA)$$Exact Sciences(EXAS)$
Stock futures slide after S&P 500 notches worst first half since 1970Investors are proceeding into the second half of 2022 with caution after the worst first six months to a year in decades. Risk-off sentiment was seen in most areas of the market, fueled by soaring inflation and the Fed's aggressive monetary policy to fears of slowing growth and increased borrowing costs. A much hoped for "soft landing" also hit some turbulence, with Fed Chair Jay Powell remarking this week "there is no guarantee that we can do that and it's obviously something that's going to be quite challenging."Snapshot: The S&P 500 (SP500) has plunged 21% since January, losing more than $9T in market capitalization and suffering its worst first half of a year since 1970, while the Nasdaq Composite (COMP.IND) a
Part 1:US market is a Bull Trap 🐂🪤 now & NOT a rock bottom 🪨🪨🪨-Let’s wait patiently💆🏻♀️💆🏻♂️Dear 🐯 Friends,Every time when the US stock market experiences massive selling & big price drops, I believe a lot of us are swinging back & forth asking ourselves these same questions & pulling our hair out 🫠😰🤯 as to whether it's time to buy shares of our favourite stocks: GOOG/AAPL/TSLA/BYD/NIO etcQN 1: “Is the US stock market at the rock bottom 🪨🪨🪨 or is this a bull trap 🐂🪤?”QN 2: “Should I take a position now 🏃♀️🏃♂️? If I don’t buy this stock now at a discount, what if I miss this 🪨 bottom & the market surges without me? I don’t want to miss out!!!”QN 3: “What stocks are safer to hold/buy now if I don’t want to keep cash now? 🤔🧐”Below are my personal thoughts on the 1st que
Earnings estimates for 2023 look too optimistic, Goldman Sachs saysEquity analysts look too confident in profit margin expansion across the broader market next year, according to Goldman Sachs.That confidence means consensus S&P 500 (SP500) (NYSEARCA:SPY) $SPDR S&P 500 ETF Trust(SPY)$earnings estimates are likely too high, Goldman strategist Ben Snider wrote in a note Tuesday."Looking forward, analyst estimates show S&P 500 profit margins climbing to new highs in 2023," Snider said. "Despite tightening financial conditions, persistent input cost pressures, and slowing revenue growth, analysts continue to forecast a rise in profit margins next year.""Excluding Financials (XLF) and Utilities (XLU), analyst estima
In the second half of 22 years, I think from the perspective of technical analysis, it depends on the medium- and long-term trend of some stocks. Some long-term stocks do not rise (do not rise through the down track), don't touch, some long-term rise and do not fall (do not fall through the rising track), don't go.From the perspective of raising interest rates in the United States (after raising interest rates by 0.75 centimetres in June, it is expected to increase by 0.75 centimetres in July), some international bank stocks are already very strong, because they can earn interest rate differences and increase interest rate collection business.The interest rate of U.S. bonds rose and the price of U.S. bonds fell. In the past, companies with high interest rates, such as public stocks, became
Crude oil, energy stocks led by Hess surge as Saudi, UAE flag capacity limitsEnergy is the easy leader in the S&P sector standings for the second straight day alongside rising crude oil prices, as Saudi Arabia and the United Arab Emirates are producing near capacity, contrary to claims that the pair are holding back and could raise output.French President Macron reportedly told President Biden on the sidelines of the G7 meeting that the UAE was producing at maximum capacity and Saudi Arabia could increase output by only 150K bbl/day.OPEC+ compliance with the cartel's production quotas was 256% in May, 2.7M bbl/day below target, taking the total shortfall under the agreement to more than half a billion barrels, adding to doubts about how much more supply OPEC+ could bring to the market.
$SPDR S&P 500 ETF Trust(SPY)$More aggressive hike ahead as mentioned by the honorable abalone. They only have interest hike to curb inflation to pull it down to 2% area.