Farmies Miescoin, Miami, FL (2026)

05/26/2024

https://x.com/snipe_auto_ai/status/1794642048102060345?s=46&t=2_QqaFR_FHDbXu_tPvH7TA

04/02/2024

Stocks Today: Wall Street retreats as yields rise, Tesla dampens sentiment (midday)

Key points:
1. U.S. health insurance companies drop after disappointing Medicare rates
2. Tesla’s stock price fell after its first-quarter delivery volume fell short of targets
3. Calvin Klein parent company PVH drops on poor fiscal year revenue forecast

【Economic data】
Wall Street's main indexes fell on Tuesday, weighed down by U.S. Treasury yields and Tesla Inc., as recent strong economic data added to uncertainty over the timing of the Federal Reserve's rate cuts.

The ISM climbed above 50 points for the first time in 17 months, which should be a good thing as it shows the resilience of the US economy, but markets took a negative view as it dampened hopes of a rate cut in June.

For now, fundamentals support rates remaining on hold and could even move higher.

The CBOE Volatility Index (VIX), also known as Wall Street's "fear gauge," hit a more than two-week high.

Data on Tuesday showed new orders for U.S. manufactured goods rebounded more than expected in February, while U.S. job openings remained at elevated levels.

The focus now is Friday's U.S. nonfarm payrolls data, which is likely to show job growth slowed in March even as average earnings rose from the previous month.

【market】
Rate-sensitive growth stocks including Nvidia (NVDA), Microsoft (MSFT) and Amazon (AMZN) fell 0.7% to 1.4% as the U.S. 10-year Treasury note yield rose to 4.365%, its highest level this year.
Tesla (TSLA) shares also fell 5.0% as the automaker's first-quarter deliveries fell short of market expectations.
Shares of UnitedHealth (UNH), CVS Health (CVS), and Humana (HUM) fell 7.5% to 14.1 as the U.S. government kept reimbursement rates for Medicare Advantage health plan providers unchanged, which hit insurers. %.

As of 2:00 p.m. ET, the Dow Jones was down 1.19%, the S&P was down 0.9%, and the Nasdaq was down 1.14%

Nine of the 11 major S&P 500 sectors were lower, led by the Healthcare Index (SPXHC), which fell 1.9% and was on track for its biggest percentage loss this year.

Shares of Calvin Klein parent company PVH Corp (PVH) fell 23.3% after the retailer forecast first-quarter revenue to fall about 11%. Peer Ralph Lauren (RL) fell 5.1%.

Cryptocurrency and blockchain-related stocks fell, with Bitcoin falling more than 6%. Exchange operator Coinbase (COIN), Bitcoin investor MicroStrategy (MSTR) and crypto miner Riot Platforms (RIOT) fell between 3.5% and 8.0%.

Declining issues outnumbered advancing ones on the NYSE at a 4.77-to-1 ratio and on the Nasdaq, declining issues outnumbered advancing ones at a 4.40-to-1 ratio.
The S&P recorded 22 new 52-week highs and 3 new lows; the Nasdaq recorded 39 new highs and 93 new lows.

04/02/2024

April 2, 2024 Morning Review:

European stocks generally open higher, U.S. stock index futures slightly lower

Today, a report from research and analytics firm LBBW Research showed an adjustment to its forecast for the Federal Reserve to begin cutting interest rates from June to July, in anticipation that the now largely unrealized fight against inflation will make headway by the end of 2024.LBBW Research expects the Fed to cut interest rates four times this year, for a total of 100 bps, compared to the previous forecast of five rate cuts .. Friday's inflation data failed to surprise the market, putting stock indexes and U.S. bond prices under renewed pressure in the last two days. Tesla is due to report first-quarter deliveries this week, with Wall Street analysts on average estimating that Tesla delivered 449,080 vehicles during the quarter. That would be down more than 7% from the company's record fourth-quarter results, and with the introduction of the Xiaomi SU7 car in China last week, Tesla's sales in China will come under even more pressure. Exchange-traded funds (ETFs) tracked by the S&P 500 are an increasingly important part of the global stock market. Last year, these ETFs attracted record net inflows of $137 billion, surpassing their 2021 peak of $119 billion, according to some statistics. In IPO market news, PACS Group, a post-acute care provider with more than 200 facilities in the U.S., announced the terms of its IPO. The company plans to raise $400 million by issuing 19.1 million shares at $20 - $22 per share. On the cryptocurrency front, Bitcoin was down more than 4% during the day, falling back below $67,000 per coin, and related concepts were also lower in the pre-market trading session, with MicroStrategy down more than 8% and Coinbase down more than 3%.

The three major stock index futures continue to dip slightly in pre-market, with the Nasdaq 100 in a recent high sideways position, but it has fallen out of its upward trajectory for several days. Treasury yields continue to move higher today, again pressuring tech stocks. Operationally, it is now recommended to focus on the real estate, retail and utilities sectors, which are relatively undervalued.

04/01/2024

April 1, 2024 Closing Comments:

U.S. bond yields rise, U.S. stocks pull back slightly

The Dow fell 240.52 points, or 0.60%, to 39566.85 points; the Nasdaq rose 17.37 points, or 0.11%, to 16396.83 points; the S&P 500 fell 10.58 points, or 0.20%, to 5243.77 points.

Last Friday, Federal Reserve Chairman Powell said in his speech that economic growth is still strong and inflation is still above the target, which once again reduced the market's expectations of an interest rate cut. Today, U.S. bond yields surged, with the U.S. 10-year Treasury bond yield rising by 13.1 basis points. rose to 4.325%. The 2-year Treasury yield rose 9.4 basis points to 4.714%. The 30-year Treasury bond yield rose 12.8 basis points to 4.465%. Under this influence, small and medium-cap stocks suffered a bloodbath today. Driven by manufacturing data, the U.S. dollar index DXY exceeded 105 today, the first time since November 2023. The U.S. dollar rose against other currency pairs today. In terms of individual stocks, Micron Technology once rose by more than 7%, reaching a maximum of $126.72, continuing to hit a record high. Citi continues to be optimistic about the semiconductor industry, and Micron Technology is still the company's first choice. At present, market funds have gradually transferred from first-line AI concept stocks to concept stocks with slightly smaller market capitalization. Tesla will announce its vehicle delivery and production data for the first quarter of 2024 tomorrow. Analysts and observers say Tesla's vehicle sales could fall to their lowest level in about a year due to weak demand for electric vehicles. Wall Street currently expects Tesla to deliver 457,000 units in the first quarter. But just last week, the number was 471,000. A report by the research agency Omdia pointed out that Intel overtook Samsung last year to become the global chip sales leader. Nvidia quickly jumped to second place, and Samsung fell into third place. Qualcomm's revenue dropped by 15.8% last year to US$30.913 billion, but its ranking improved by one to fourth. Broadcom maintained its ranking at fifth with annual revenue of US$28.427 billion (an annual increase of 5.5%). SK Hynix’s revenue dropped sharply by 30.6% to US$23.68 billion, and its ranking fell two places to sixth. In other markets, the price of West Texas Intermediate crude oil (WTI) futures for May delivery on the New York Mercantile Exchange rose 54 cents, or 0.65%, to close at $83.71 per barrel.

Today, funds are flowing back to the big technology group to keep warm. The market's expectations for interest rate cuts have cooled, causing the Russell 2000 index to significantly underperform the three major indexes today. The real estate sector, which is more sensitive to interest rates, led the decline in 11 S&P sectors today, including energy and communication services. Among the top gainers today. More than 8,600 stocks in the market fell, and the money-making effect weakened again. The S&P 500 index still closed above the 5-day moving average today. It is expected to continue its slow upward trend in the short term before leaving the upward channel.

04/01/2024

Those Who Invested in Camtek (NASDAQ:CAMT) Five Years Ago Are up 772%
Camtek (CAMT.US)
84.320 Price Target Low 90 high 100
+0.66%
Buying shares in the best businesses can build meaningful wealth for you and your family. And highest quality companies can see their share prices grow by huge amounts. To wit, the Camtek Ltd. (NASDAQ:CAMT) share price has soared 755% over five years. If that doesn't get you thinking about long term investing, we don't know what will. On top of that, the share price is up 21% in about a quarter. But this move may well have been assisted by the reasonably buoyant market (up 9.4% in 90 days). It really delights us to see such great share price performance for investors.

So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

During five years of share price growth, Camtek achieved compound earnings per share (EPS) growth of 27% per year. This EPS growth is lower than the 54% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth. This optimism is visible in its fairly high P/E ratio of 48.08.

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

earnings-per-share-growth
NasdaqGM:CAMT Earnings Per Share Growth March 30th 2024
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our free report on Camtek's earnings, revenue and cash flow.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Camtek the TSR over the last 5 years was 772%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

It's nice to see that Camtek shareholders have received a total shareholder return of 195% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 54%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we've spotted with Camtek .

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

04/01/2024

【Market analysis】
S&P 500: 8 reasons why you should keep buying on pullbacks despite historic bull run

U.S. stock index futures opened slightly higher on Monday after a market holiday on Friday, on expectations that the Federal Reserve will soon start a rate-cutting cycle, with the market pricing in expectations for a first rate cut as early as June.

Data released during the Good Friday market holiday on Friday showed inflation rose less than expected in February, reinforcing expectations for a rate cut by the Federal Reserve in June.

After stocks got off to a strong start in 2024, Wall Street is preparing for the start of the second quarter.

In 2024, we will witness extraordinary milestones in various markets. Stock markets such as the S&P 500, Dow Jones Industrial Average, and Nasdaq hit all-time highs, while Bitcoin, gold, and other sectors such as cocoa, coffee, and the USD/JPY currency pair also surged.

The S&P 500 surged 10% in the first quarter, its strongest start since 2019, hitting 21 all-time highs. Interestingly, this rise is not only driven by technology stocks; Ten of the 11 sectors in the S&P 500 posted gains.

With the S&P 500 rising 25% in 2023 and another 10% in the first three months of 2024, some investors may be concerned. However, there are several factors that can be reassuring:

1. More than 77% of S&P 500 stocks are trading above their 200-day moving average, indicating strength.
2. The S&P 500 has never closed down more than -2% since its October 27 low, its longest losing streak in more than five years. Historically, this has resulted in positive gains.
3. In the past 5 years, there have been 21 declines of -5% or more, and 5 corrections of at least -10%. We have not seen either of these scenarios so far in 2024, suggesting a potential opportunity to buy the dip.
4. No matter which party is in power, White House election years tend to be bullish.
5. The S&P 500 has risen in 17 of the past 21 weeks, a historically unique trend that is often followed by strong gains.
6. When the S&P 500 continues to rise during the first three months of the year, it tends to continue to rise throughout the remainder of the year.
7. Historically, when the index rises from November to March, the uptrend extends for at least another year.
8. An analysis of adjustments over the past 60 years shows that they are often driven by rising unemployment or rising bond yields or external factors. These factors appear less likely to materialize this year.

Overall, historical trends and current market indicators point to a positive outlook for the S&P 500 in 2024, despite any potential concerns.

Could Apple Drag S&P 500 Lower?
Apple (NASDAQ:AAPL) has experienced a decline of 10.93% in 2024, leading to questions about the impact on the S&P 500 if Apple's stock continues to fall.

While some may argue that the S&P 500's performance relies heavily on Apple due to its status as the largest company in the world, the reality is different.

Despite Apple's decline, the S&P 500 has seen a significant rise of +21% over the past 200 trading days.

During this period, Apple's shares have dropped by more than -6%, marking a considerable 27.2 percentage point gap between the two, the widest since October 2013.

Investor sentiment (AAII)
Bullish sentiment, i.e. expectations that stock prices will rise over the next six months, rose 6.8 percentage points to 50%.This is unusually high and remains above its historical average of 37.5%.

Bearish sentiment, i.e., expectations that stock prices will fall over the next six months, fell 4.7 percentage points to 22.4% and remains below its historical average of 31%.

04/01/2024

[Focus of this week’s observation] 4/1/2024

1. The most critical economic data this week is Friday’s non-farm payrolls report. On Wednesday, Federal Reserve Chairman Powell will deliver a speech on the U.S. economic outlook. Many important economic data will be released this week. Manufacturing PMI will be released on Monday, and JOLTs will be released on Tuesday. There is a lack of reports, services PMI on Wednesday, and many Fed officials will make remarks.

2. Tesla will announce Q1 delivery data on Tuesday. According to statistics, Wall Street’s latest Q1 delivery number is expected to be 454.4k, a year-on-year increase of 7.5%, and a month-on-month decline of 6.2%. Tesla’s stock price has fallen 29% in the first three months of this year. Wall Street currently expects 2024 EPS $2.99, The P/E ratio for the next 12 months is 58.8x. Whether the stock price is fully priced-in and the slowdown in delivery growth are still full of uncertainty. Wall Street reported on Friday that analysts predict that the number of deliveries will continue to decline and may not reach the 422,875 in 2023Q1. Tesla started sending FSD V12.3 Beta to North American car owners for a one-month trial this week.

3. Of the 11 interest rate hike cycles in U.S. history, only three soft landings occurred. In 1993, the Fed began to raise interest rates, raising the federal benchmark interest rate from 3% to 6% in July 1994. In July 1995, it began to cut interest rates. Three times, the S&P 500 fell by 1.5% in 1994, but rose by a total of 34% during the interest rate cut in 1995. The background in 2024 is similar to that in 1995, and both productivity has improved. We are optimistic about the performance of U.S. large and mid-cap stocks.

4. The Q1 financial reporting season started on 4/12. It was reported that the financial report of investment bank Jefferies was positive for the performance of financial stocks in the Q1 financial reporting season. Jefferies Q1 fiscal year ended on 2/29. Last Friday, the Q1 financial report was released. Revenue increased by 35% year-on-year. Investment banking and asset management Businesses have grown significantly, and the stock price has returned to near the peak of the 2008 financial tsunami. The U.S. stock IPO market has heated up recently, and the stock price of investment bank Goldman Sachs has exceeded a record high last week.

5. The U.S. stock market has been rising for 5 consecutive months, and has not dropped more than 2% in more than 100 trading days. After analyzing the 27 situations that triggered the S&P 500 to retrace more than 10% since 1964, three reasons were summarized: rising bond interest rates; Rising unemployment, geopolitical conflicts or the impact of financial events, it is believed that although the trend of the S&P 500 will be decoupled from interest rates in 2024, rising interest rates are still the most likely cause of a 10% retracement of the S&P 500.

Important economic data and events this week (Eastern Time)
on Monday
09:45 March S&P Global Manufacturing PMI
10:00 March ISM Manufacturing PMI

Tuesday
10:00 February JOLTs vacancy report
Wednesday
08:15 ADP non-farm payrolls report
09:45 March S&P Global Services PMI
10:00 March ISM Services PMI
12:10 Powell delivers a speech on economic outlook
Thursday
08:30 Number of people claiming unemployment benefits last week
Friday
10:00 March non-farm payrolls report

03/31/2024

Like Neil deGrasse officially said once “We are one DNA better than chimpanzees imagine the race superior to us cross this planet and see us as a primitive species it was sad and depressing. We stay alone in this universe

03/28/2024

March 28, 2024 Morning Commentary:

The futures of the three major stock indexes were mixed as the wave of global mergers and acquisitions returned.

Due to the holiday closure, today is the last trading day of the first quarter for European and American stock markets, even though the market sentiment regarding expectations of interest rate cuts by major central banks has been swinging between optimism and pessimism recently. However, global bond and stock markets rose strongly in the first quarter. The Morgan Stanley Capital International (MSCI) global stock index hit new highs repeatedly in March this year, rising 10% since mid-January. The S&P 500 Index and the European Stoxx The 600 Index is near its all-time high. In addition, after experiencing an extremely downturn throughout the year in 2023, global M&A transactions finally rebounded in the first quarter of 2024, mainly due to the return of large-scale M&A transactions in the global technology industry. According to the latest statistics from Dealogic, the total value of global M&A transactions increased significantly by 30% year-on-year to approximately US$755.1 billion. In the United States, M&A deal value surged more than 59% to $431.8 billion. The transaction volume of the European M&A market has recovered at a greater rate, with the transaction volume growing at a rate of 64%. In the cryptocurrency market, as Bitcoin once again hit a historical high of $72,000, Cathie Wood’s ARK 21Shares Bitcoin ETF successfully achieved a record inflow of $201.8 million, almost its average daily inflow. Five times, but it should be noted that the cryptocurrency concept stocks MSTR and COIN are currently among the stocks with the highest short-selling ratio. In terms of individual stocks, the stock price of Trump concept stock DJT continued to rise before the market opened. Analysts believe that the stock price changes are mainly driven by market sentiment and capital flows, and have nothing to do with fundamentals. Apple shares fell slightly before the market opened, with Deutsche Bank lowering its rating to hold with a target price of $180.

There were no major economic data or financial reports released during the trading days this week, but major funds are facing the rebalancing of stocks and bonds at the end of the quarter, and there is still a certain amount of selling pressure in the market. However, judging from the trend of the S&P 500 in recent months, it is a typical bull market and has been running steadily on an upward track. Overall, if it does not fall below 5050 points, there is no need to make major adjustments to investment decisions.

03/27/2024

March 27, 2024 Closing Comments:

Rapid rise in late trading, three major indexes all rebounded

The Dow rose 477.75 points, or 1.22%, to 39760.08 points; the Nasdaq rose 83.82 points, or 0.51%, to 16399.52 points; the S&P 500 rose 44.91 points, or 0.86%, to 5248.49 points.

After a slight correction yesterday, the three major indexes rebounded again today. At present, the three major U.S. stock indexes are still expected to record gains in March and the first quarter. U.S. stocks have posted gains every month since October last year. Investors are temporarily ignoring concerns about inflation, recession, corporate earnings, Federal Reserve interest rate hikes and easing policy. There are often voices of doubt in the market, but Vincent Juvyns, a strategist at JPMorgan Chase, said: U.S. stocks are currently very expensive, but not ridiculously expensive. But without a boost from earnings, betting on further gains would be dangerous. In addition, if the inflation data does not achieve the expected effect, the Fed will be in an even more dilemma. In terms of individual stocks, Citi lowered Tesla's target price from $224 to $196, and lowered its first-quarter delivery forecast to 429,900 vehicles. Apple's 35th Worldwide Developers Conference (WWDC) will be held online from June 10th to 14th. It is reported that Apple is increasing its efforts to launch subscription services in China, such as Apple TV+ and Apple Arcade games. Buoyed by this news, Apple's stock price led the rise of big technology today, rising by more than 2%. Phil Spencer, head of Microsoft's gaming division, said the company's decision to lay off 1,900 people stemmed from a lack of growth in the gaming industry as a whole. Amazon invested an additional $2.75 billion in artificial intelligence startup Anthropic, hoping to gain an advantage in the artificial intelligence race. This is also the largest external investment in Amazon's 30-year history.

In the European market, Europe's major stock indexes collectively closed higher, with Germany's DAX30 index rising by 0.49%, Britain's FTSE 100 index rising by 0.02%, France's CAC40 index rising by 0.25%, and Europe's Stoxx 50 index rising by 0.37%. The European Commission's March economic confidence index released on Wednesday rose to 96.3, slightly higher than the expectations of economists surveyed by Bloomberg. The industrial confidence index rose unexpectedly, while the service sector confidence index rose less than expected. At the same time, falling inflation has allowed the European Central Bank to consider lowering borrowing costs. The market expects the first action to be in June. In terms of economic data, we need to pay attention to the fourth quarter GDP data released by the UK tomorrow and the German unemployment rate in March.

The three major indexes collectively rose in late trading today, reversing yesterday's decline. All eleven sectors of the S&P 500 closed higher, with the public utilities sector and the real estate sector leading the gains. Nearly 9,000 stocks across the market rose, and the money-making effect was once again highlighted. We have emphasized many times recently that the current overall upward trend of US stocks has not changed. Before the S&P falls below 5050 points, the overall trend will continue to be bullish.

03/26/2024

Comments received on March 26, 2024:

All three major indexes fell slightly, with the S&P and Dow falling for three consecutive days

The Dow fell 31.31 points, or 0.08%, to 39282.33 points; the Nasdaq fell 68.77 points, or 0.42%, to 16315.70 points; the S&P 500 fell 14.61 points, or 0.28%, to 5203.58 points.

The Dow and S&P 500 both recorded losses for the third consecutive trading day, and the Nasdaq closed lower for the second consecutive trading day. This week enters the last trading session of March. Although U.S. stocks closed lower on Tuesday, the three major stock indexes were still on track to post their fifth consecutive weekly gain. Goldman Sachs' most optimistic strategist believes that the S&P 500 Index is expected to reach 6,000 points this year, and the expectation of a soft landing for the economy will continue to aggravate investors' FOMO sentiment. Bank of America analysts issued an optimistic research report, saying that the main theme of U.S. stocks before 2030 will be an "epic long bull". In terms of economic data, U.S. durable goods orders increased by 1.4% month-on-month in February, which was expected to be 1.1% and the previous value was -6.20%. Another data showed that the Fed's spending in 2023 exceeded its revenue by $114.3 billion, its largest operating loss in history, and it was forced to give up sending money to the Treasury amid high interest rates. In terms of individual stocks, Tesla updated its official website to provide a one-month free fully autonomous driving (FSD) experience to new car buyers in the United States and Canada. Buoyed by this news, Tesla's stock price bucked the trend and rose by nearly 3% today. Apple mobile phone shipments in China fell by approximately 33% in February. People familiar with the matter deny that Apple and Baidu have reached an AI cooperation. The new stock Reddit has attracted attention, its options attracted a large number of bullish bets, and its stock price continued to rise by nearly 10% today. Shares of Trump Media Technology Group Inc. (TMTG) rose as much as 58% on Tuesday before giving up gains and briefly suspending trading due to excessive volatility. The stock rose by more than 16% as of closing. In other markets, the price of West Texas Intermediate crude oil (WTI) futures for May delivery on the New York Mercantile Exchange closed down $0.33, or more than 0.40%, to close at $81.62 per barrel.

In European markets, European stocks rose to record highs and were on course for a second consecutive quarter of gains. As of the close, the German DAX30 index rose 0.67% to 18384.35 points, the French CAC40 index rose 0.41% to 8184.75 points, and the British FTSE 100 index rose 0.17% to 7930.96 points. On the individual stock front, Umicore fell after Goldman Sachs issued a sell rating on the company. Ocado Group Plc soared as sales at its online grocery business rose after it cut prices to attract British consumers during the cost-of-living crisis.

The three major indexes collectively dived in late trading today and continued to remain weak. Nvidia's stock price surged higher today but fell back, with the Nasdaq leading the market in decline. Among the 11 S&P sectors, there were more declines than gains. Among them, the public utilities sector led the market decline, with nearly 7,000 stocks in the market falling. In recent trading days, the index has reached high levels and has been consolidating, but the S&P index is still running on an upward track and there has been no obvious selling. In terms of operations, this week we need to focus on the further guidance that PCE data brings to the market.

This concludes today's exchange. The U.S. stock market has experienced significant volatility recently. We recommend investors to maintain a wait-and-see attitude and invest cautiously. Market volatility is likely to increase given economic uncertainty and geopolitical risks. Maintain a good mentality and risk awareness, adjust investment strategies in a timely manner, and avoid possible risks. Investors, please be patient and wait for mid-term value investing. Everyone can raise funds during this period. If you want to know more, you can comment

03/26/2024

Morning review on March 26, 2024:

New stocks Reddit continue to climb, and the three major stock index futures are all higher

The three major stock index futures rebounded across the board during the pre-market trading session today. In terms of individual stocks, as the "shell company" DWAC successfully voted at the shareholders' meeting last Friday, Trump Technology Group announced that the reverse merger and listing transaction between the two parties has been completed. Starting Tuesday, it will trade on Nasdaq under the symbol "DJT", the initials of former U.S. President Trump. DWAC's stock price took the lead in soaring 35.22% to $49.95 overnight, and continued to surge by more than 11% in pre-market trading today. Another new stock, the American social media platform Reddit, continued to rise during today's pre-market trading session. The stock surged 30% on Monday and once hit a new high of $61.94 during the session. On the news, Reddit's options launched on Monday attracted a large number of bullish bets following last week's strong gains. As for Tesla, Cathie Wood’s Ark Investment Management Company continued to buy Tesla shares on Monday. The company bought 163,421 Tesla shares worth $28.21 million through its two funds, ARKK and ARKW. Tesla continued to surge higher during today's pre-market trading session. On the news, Musk said that starting this week, all applicable vehicles in the United States will have a free trial of fully autonomous driving for one month. Gaming giant Flutter Entertainment rose more than 3% before the market opened, with the group's revenue rising from $9.46 billion to $11.79 billion. In the U.S., the company said its revenue jumped 41% to $4.48 billion on strong growth in its sports betting and iGaming businesses. DOYU released its financial report for the fourth quarter and full year of 2023 as of December 31. In the fourth quarter, total net revenue was 1.296 billion yuan, down 22.9% year-on-year. It fell slightly before the market opened today after yesterday's sharp rise.

In the European market, as of press time, major European stock indexes rose more or fell less. Germany's DAX30 index rose 0.57%, France's CAC40 index rose 0.13%, and Britain's FTSE 100 index almost ended flat. Global hedge funds have increased exposure to European stocks this year while reducing exposure to North American markets, reflecting an ongoing debate that U.S. stocks are overvalued. The Stoxx Europe 600 is up 6.5% so far this year, still lagging the S&P 500 which is up 9.6%. Last year, the S&P 500 rose 24%, twice as much as the Stoxx Europe 600. In terms of economic data, we need to pay attention to the March business climate index of the Eurozone tomorrow.

Judging from the trend before today's opening, Russell 2000 stock index futures continue to surge, and expectations of interest rate cuts will continue to correct the market's valuation of small and mid-cap stocks. From the perspective of medium and long-term asset allocation, the proportion of growth stocks in the investment portfolio should be appropriately increased this year.

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05/26/2024

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