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☄️Qualcomm Shows Interest In Buying Intel ⏺Chip designer Qualcomm wants to buy electronics and computer components maker Intel. Negotiations on the deal, which took place in recent days, were confidential. However, Qualcomm has not yet made an official offer to Intel. ⏺The deal with Intel, whose market value is about $90 billion, is still far from certain. Even if Intel agrees to it, the deal may come under scrutiny from antitrust authorities. To close the deal, Qualcomm may plan to sell Intel assets or parts to other buyers. ⏺The acquisition could occur in what could be one of the largest and most significant technology deals ever. The deal will allow Qualcomm to complement its mobile phone chip business with chips from Intel, which are widely used in personal computers and servers. ⏺In the second quarter, Intel reported a loss of $1.6 billion and gave guidance for the third quarter below market expectations. The corporation also announced its intention to cut 15% of its staff and suspend dividend payments. The report was one of the worst in Intel's 56-year history as the company struggles to regain its footing in an industry it once dominated. Also in the second quarter, Intel completely divested itself of its stake in British chip designer Arm Holdings. 📌Powered by V3V Ventures

🕯 Most Volatile Stocks / 20.09.2024 ⏺FedEx shares had their worst day in about two years after earnings came in lower than Wall Street expected. Shares of the transportation stock tumbled more than 15% in Friday’s session. Friday’s slide came after FedEx reported first-quarter earnings of $3.60 per share, excluding items, on $21.58 billion in revenue. Analysts polled by LSEG forecasted $4.76 a share and $21.93 billion. Shares are now up just over 2% for 2024, notably underperforming the broader market. 💲FDX💲 Current price - $254.64 YTD Perf - up 0.66% Wall Street Target Price - 323.31 Buy/Hold/Sell - 20/9/1 ⏺Nike shares jumped 5.8% after company announced that its CEO, John Donahoe, is stepping down and company veteran Elliott Hill is coming out of retirement to take the helm of the sneaker giant. Donahoe, who has been Nike’s CEO since January 2020, will retire from his position on Oct. 13. Hill is slated to take over on the following day. Donahoe will stay on as an advisor through the end of January. 💲NKE💲 Current price - $86.52 YTD Perf - down 20.31% Wall Street Target Price - 91.47 Buy/Hold/Sell - 19/18/2 ⏺Constellation Energy added more than 22% after it published plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense energy needs of the tech sector as they build out data centers to support artificial intelligence. Constellation expects the Unit 1 reactor at Three Mile Island near Middletown, Pennsylvania, to come back online in 2028, subject to approval by the Nuclear Regulatory Commission, the company announced Friday. Constellation also plans to apply to extend the plant’s operations to at least 2054. 💲CEG💲 Current price - $254.98 YTD Perf - up 118.14% Wall Street Target Price - 221.85 Buy/Hold/Sell - 12/6/0 📌Powered by V3V Ventures

🥇 Copper Prices Surge To Two-Month High 📈On Friday, September 20, copper prices jumped to a two-month high amid a reversal in US monetary policy. ⏺Base metal prices continued their rise that began earlier this week. Initially, market participants were looking forward to the meeting of the US Federal Reserve System, which ended on September 18. As a result, the American regulator for the first time in 4 years reduced the interest rate by 50 bp, to the range of 4.75-5%. This event strengthened investors' hopes for a "soft landing" in the US economy. ⏺In China, metals market conditions are also showing signs of improvement. This week, premiums on imported copper rose to their highest levels since early 2024, while copper inventories fell. However, risks regarding further growth in metal prices still remain due to uncertainty in the US presidential elections, which will be held in November this year. ⏺Copper rose almost 0.7% to $9,580 per tonne on the London Metal Exchange. By the end of the week, the metal may increase in price by almost 3%. The cost of aluminum, zinc and nickel is also rising. 📌Powered by V3V Ventures

🕯Most Volatile Stocks / 19.09.2024 ⏺Shares of Skechers USA dropped nearly 9% after the sneaker manufacturer revealed that its business in China was facing "pretty severe consumer discretionary pressures" that are "a bit worse" than the company had anticipated. The management's comments were made during a presentation at the Wells Fargo Consumer Conference and reported by StreetAccount. Year to date, Skechers shares are down about 1% 💲SKX💲 Current price - $61.56 YTD Perf - down 1.19% Wall Street Target Price - 81.36 Buy/Hold/Sell - 17/1/0 ⏺Shares of Progyny fell 30% on Thursday after the company announced that it is losing an important client. Progyny, which works with employers to provide fertility services, did not disclose the name of the client in its statement, which was made after the market closed on Wednesday. "The client, which accounted for approximately 670,000 members as of June 30, 2024, represented 12% and 13% of the company’s revenue for the six-month period ending June 30, 2024," wrote CEO Peter Anevski in the document. The market believes that the client is Amazon 💲PGNY💲 Current price - $16.46 YTD Perf - down 55.73% Wall Street Target Price - 26.13 Buy/Hold/Sell - 6/5/0 ⏺Darden Restaurants popped 7% after the restaurant operator announced its fiscal- first-quarter earnings and a partnership with Uber. The restaurant chain earned $1.75 per share for the quarter ended Aug. 25, missing analysts' consensus forecast of $1.84. However, the company maintained its full-year outlook and noted improving sales trends. It also said it has entered into an exclusive multiyear delivery partnership with Uber, set to begin with Olive Garden in late 2024. 💲DRI💲 Current price - $172.27 YTD Perf - up 4.85% Wall Street Target Price - 181.04 Buy/Hold/Sell - 19/11/1 📌Powered by V3V Ventures

💥Record Gold Price Gives Gold Mining Companies A Second Chance 🥇 For gold mining companies, lower interest rates and rising prices mean not only increased profits, but also a new chance to attract investors. Hundreds of executives gathered this week at the Denver Gold Forum at the Broadmoor Hotel in the foothills of the Rocky Mountains to discuss deals, mine developments and soaring gold prices. 🔥The optimistic mood stands in stark contrast to the previous year, when manufacturers struggled with high operating costs and low prices. In 2023, the forum was so quiet that analysts at Royal Bank of Canada called it "you could hear a pin drop." 📈Since early January, gold prices have risen 25% amid rising demand in emerging economies and a worsening outlook for the US economy. Gold hit a record high of $2,600 an ounce on Wednesday after the Federal Reserve cut its benchmark interest rate by 50 basis points. 🔼This growth has improved prospects for industry leaders such as Newmont Corp. and Barrick Gold Corp., which could generate billions of dollars in additional revenue. Investments in replacing aging mines and acquisitions have become more likely. 💲NEM💲 Current price - $53.49 YTD Perf - up 29.18% Wall Street Target Price - 60.74 Buy/Hold/Sell - 15/9/0 💲GOLD💲 Current price - $20.30 YTD Perf - up 12.19% Wall Street Target Price - 23.34 Buy/Hold/Sell - 17/5/0 📌Powered by V3V Ventures

⚡️Indices Have Stabilized After The Fed Cut The Rate By Half A Point 🕯Key US stock indexes were little changed after the Federal Reserve cut interest rates by half a percentage point. This significant decline has raised questions about the economy's potential weakness in the future. 📊The Dow Jones Industrial Average rose more than 375 points but then pared that gain, ending up 0.21%. The S&P 500 fell 0.1% and the Nasdaq Composite fell 0.06%. Initially, both indexes, including the 30-share Dow, reached new all-time highs after the Fed's decision was announced. ℹ️The Fed cut rates to a range of 4.75%-5% from 5.25%-5.5%. The scale of the decline matched traders' expectations, according to the CME Group's FedWatch tool. This is the first rate cut in four years, as inflation levels decline from two years ago. 🟢FOMC has increased confidence that inflation is moving steadily toward 2 percent and believes that the risks to achieving employment and inflation goals are roughly balanced. Optimism cooled slightly after Powell said a larger rate cut did not mean a continuation of aggressive policy, noting that the central bank would "tread carefully." 📌Powered by V3V Ventures

🇮🇳India Overtakes China In Key MSCI Stock Index For The First Time In History 👑India overtook China for the first time in MSCI's key equity index, helped by robust economic growth and strong investment flows. India's weight in the MSCI Investable Market Indexes (covering all large-, mid- and small-cap investment securities) rose to 2.35%, while China's weight stood at 2.24%, according to a note from Morgan Stanley. 📈India's nominal gross domestic product growth rate is in the 10% range, more than three times China's economic growth and creating deep divergence in income growth, experts say. ➡️Earlier this month, Morgan Stanley forecast that India would overtake China in the MSCI Emerging Markets Index as India's stock market rally just crossed the midpoint. 📌Powered by V3V Ventures

🇩🇪Investors' Confidence In German Economy Plummets After A Wave Of Bad News 📉In September, the index of investor confidence (ZEW) in the German economy fell to its lowest level since October 2023 and amounted to 3.6 points. At the same time, in August ZEW was at 19.2 points. While the decline in economic expectations in the eurozone indicates an overall increase in pessimistic sentiment, the decline in expectations for the German economy is significantly higher ⚠️The outlook for Europe's largest economy worsened after output contracted unexpectedly in the second quarter of 2024 amid weak industrial performance. In addition, Germany's economic outlook has been hit by a spate of bad news over the past few weeks. ℹ️Thus, the large German automaker Volkswagen plans to announce the closure of 2-3 factories in the country and lay off up to 15,000 employees. Another car maker BMW cut its profit forecast for 2024 due to the recall of 1.5 million cars due to identified faults in the brake system. And the American Intel postponed the construction of a chip production plant in Germany for about 2 years. 📌Powered by V3V Ventures

⚡️US Retail Sales Rose Unexpectedly In August 📈US retail sales unexpectedly rose in August, despite lower auto dealership revenue, thanks to increased online shopping. This indicates the stability of the US economy in the third quarter 🔼Retail sales rose 0.1% in August, following a revised 1.1% rise in July. Economists had forecast a decline of 0.2% after 1% in July. Year-on-year sales grew 2.1%. Online sales increased 1.4% in August after declining 0.4% in July. Sales at gas stations fell 1.2%, reflecting lower gasoline prices. ✔️Retail sales in July were also higher than expected, according to a US Commerce Department report. Together with the falling unemployment rate, these data contradict market expectations of a 50 bps interest rate cut by the Federal Reserve. on Wednesday. 📊The US economy grew at a rate of 3% in the second quarter. The unemployment rate fell to 4.2% in August. Financial markets estimate the likelihood of a 50 basis point Fed rate cut at 67%, and a 25 basis point rate cut at 33%. 📌Powered by V3V Ventures

⚡️Indian Companies Gear Up For Major IPOs Amid Economic Recovery 🇮🇳Indian companies are testing investor interest in large initial public offerings (IPOs) following recent successful debuts. Three IPOs are in the pipeline, each valued at more than $1 billion, including SoftBank-backed food delivery platform Swiggy Ltd. and Indian units of LG Electronics Inc. and Hyundai Motor Co. ⭐️The IPO boom comes amid India's rapid economic growth, which stands out against the backdrop of challenges in countries such as China. Indian listings have already raised $8.6 billion this year, surpassing the previous two years. Local and foreign investors are actively investing in the Indian stock market. 📊Shares of companies that have entered the Indian market this year posted an average first-day gain of 30%, higher than the global average of 22%. Recent IPOs like Bajaj Housing Finance Ltd., Ola Electric Mobility Ltd. and Brainbees Solutions Ltd., also showed significant progress. ⚠️Most of India's 240 offerings this year have raised less than $100 million, prompting increased regulatory scrutiny of possible price manipulation at smaller IPOs. 📌Powered by V3V Ventures

⚡️Apple Shares Fall 3% Amid Weak iPhone 16 Pre-orders 🔽Apple shares are down 3% after one analyst warned that demand for the company's new iPhone 16 Pro model was lower than expected. 🗣️TF International Securities analyst Ming-Chi Kuo said pre-orders for the anticipated new iPhone 16, which began on September 13, totaled 37 million units, which is almost 13% lower than the release of the iPhone 15 last year. The expert attributes this drop to low interest in the iPhone 16 Pro model among users. ℹ️One of the key factors behind the lower-than-expected demand for the iPhone 16 Pro series is that the main selling point - Apple Intelligence - is not available at launch alongside the release of the iPhone 16 ❗️Weak demand for the iPhone 16 is not a good sign, especially with the holiday shopping season fast approaching. The risk of a significant decline in shares has increased significantly 📌Powered by V3V Ventures

🗓 Coming Up Next Week Monday 16.09 ⏺Japan, China - Markets Closed ⏺NY Empire State Manufacturing Index Tuesday 17.09 ⏺China - Markets Closed ⏺US Retail Sales ⏺US Industrial Production Wednesday 18.09 ⏺UK, Eurozone CPI ⏺US Housing Starts ⏺FOMC Rate Decision Thursday 19.09 ⏺Bank of England Rate Decision ⏺US Existing Home Sales Friday 20.09 ⏺Japan CPI ⏺China LPR Rate ⏺Bank of Japan Rate Decision ⏺Eurozone Consumer Confidence 📌Powered by V3V Ventures

⚡️Investors Are Pouring Into Coca-Cola And Colgate Due To Recession Fears 📌Investors are snapping up shares of U.S. consumer staples companies such as Coca-Cola and Colgate as they hunt for defensive assets amid concerns about a potential slowdown in the U.S. economy. 📊The sector, which also includes other big names such as Kraft Heinz, Procter & Gamble and Walmart, has outperformed the blue-chip S&P 500 index in six of the last eight weeks. Last week, the S&P 500 consumer staples index posted its best performance against the blue-chip index since March 2020, lifting it to its highest level ever, although it has retreated slightly in recent days. ℹ️The sector's results mark an extension of this year's stock market rally driven by mega-cap tech groups. It comes as cracks begin to appear in the U.S. labor market, sparking disagreement over how aggressively the Federal Reserve should cut interest rates and fears that the world's largest economy could soon fall into recession ⚙️Consumer staples tend to lag the market during a bull run, but catch up when growth begins to slow. The sector outperformed during the 2022 sell-off but lagged the market as a downward trend began in the second half of 2023 📌Powered by V3V Ventures

🛢 Sudden Rally Sends Oil To Weekly Gains 📈Oil prices rose on Friday, extending their rally and putting crude oil on track for a weekly gain as production disruptions in the US Gulf of Mexico followed Hurricane Francine, which forced the evacuation of production platforms. Oil broke a series of weekly declines, despite Brent falling below $70 a barrel for the first time since late 2021 on Tuesday. 💵A weaker US dollar also helped support oil prices. The currency fell to a one-week low on Friday, making dollar-denominated goods cheaper for holders of other currencies. 🔗Oil producers assessed damage and conducted safety checks on Thursday as they prepared to resume operations in the US Gulf of Mexico. Official data showed that nearly 42% of the region's oil production had been shut down as of Thursday. UBS analysts forecast that production in the region will fall by 50,000 barrels per day (b/d) in September compared to the previous month. 🔽OPEC and IEA this week lowered their forecasts for demand growth, citing economic difficulties in China, the world's largest oil importer. In the United States, oil inventories also rose across the board last week as crude oil imports increased and exports fell 📌Powered by V3V Ventures

⚡️Boeing Risks Getting Junk Credit Rating Due To Workers' Strike ⏺Boeing's unsecured debt credit rating has been Baa3 by Moody's Ratings since April. Moody's said Friday it will "assess the duration of the strike and its impact on cash flow, as well as potential equity raisings that Boeing may undertake to improve its liquidity." ⏺Boeing is fighting to maintain its investment grade rating, a task now complicated by a workers' strike. The company has more than $45 billion in debt and is bleeding money after being forced to cut production following a disaster in January. ⏺If the company's rating is downgraded to junk, it will increase Boeing's borrowing costs. The company is also losing money on some defense contracts, and its space business has been plagued by delays and cost overruns. There are other financial consequences of a downgrade, such as a smaller pool of investors willing to buy the company's debt. ⏺CFO Brian West told analysts at Morgan Stanley conference on Friday that the company will consider the necessary steps to strengthen its balance sheet. The aircraft maker is assessing its capital structure to ensure it can meet its upcoming debt payment over the next 18 months, he said. 📌Powered by V3V Ventures

🕯 Most Volatile Stocks / 13.09.2024 🔽Boeing stock lost 4% after factory workers went on strike at midnight Friday. Boeing announced a deal on Sept. 8 with the International Association of Machinists and Aerospace Workers, representing 33,000 of its West Coast employees. Although IAM describes the proposal as “the best contract negotiated in history,” Boeing workers in Seattle and Oregon voted 94.6% against the agreement and 96% in favor of a strike, far more than the two-thirds vote needed for a work stoppage, which will disrupt the production of most aircraft, including the 737 Max. 🔽Adobe lost 9% on weak guidance despite its Q3 revenue beat. For the quarter ended Aug. 30 the software company earned $4.65 a share, topping the $4.53 expected by analysts. Quarterly revenue came in at $5.41 billion, an 11% increase from a year earlier and surpassing the $5.37 billion forecast by analysts. But Adobe's Q4 revenue guidance came in below analysts' expectations. The company projected earnings per share ranging from $4.63 to $4.68 on revenue between $5.5 billion and $5.55 billion. Analysts had forecast $4.67 of earnings on $5.61 billion in revenue. 🔼Shares of the furniture retailer RH surged more than 25% Friday, building on momentum from Thursday when the company reported revenue and earnings that topped estimates. RH said demand -- defined by the company as the value of orders placed -- jumped 7% in the second quarter and said that may double in the third quarter. Investors are buying into the narrative that RH's latest product assortment is driving the growth. After all, the company is gaining sales despite an environment of high interest rates and a challenging housing market. 📌Powered by V3V Ventures

✔️China Approves Plan To Increase Retirement Age For The First Time Since 1978 💸China will raise the retirement age for the first time since 1978, a move that will likely slow the country's workforce decline but anger workers already struggling with a slowing economy. 🗓According to the approved plan, the retirement age for men will increase from 60 to 63 years, and for women - from 50 and 55 to 55 and 58 years, respectively.  The increase will occur gradually over 15 years, starting January 1, 2025. ©“Governments at all levels should actively respond to the aging population and encourage and support workers' employment and entrepreneurship,” said the decision of the Standing Committee of the National People's Congress. 💬The country's top legislature also called on officials to protect workers' rights and improve care for the elderly, and authorized the State Council, China's cabinet, to adjust measures if necessary. 📌Powered by V3V Ventures

🏘 Mortgage Rates Fall To Lowest Level Since February 2023 📉The average rate on a 30-year fixed mortgage fell this week as potential homebuyers and investors turn their attention to the Federal Reserve’s interest rate decision on Wednesday. At 6.2%, the rate dropped slightly compared to 6.35% a week earlier, according to Freddie Mac data released Thursday. It’s down from 7.18% a year ago and sits at the lowest level since February 2023. ℹ️Mortgage rates have slid steadily in recent months, but the relief for buyers has done little to boost home sales nationwide. The Pending Homes Sales Index, a measure of housing contracts, slipped in July to 70.2, the lowest reading since the National Association of Realtors began tracking it more than two decades ago. A year ago, the index stood at 76.7. 🔔Some buyers may be waiting in hopes that mortgage rates will fall further if the Federal Reserve cuts benchmark interest rates as expected next week. Signs of a slowing job market and cooling inflation in August have strengthened the case for the central bank to ease rates for the first time in more than four years. 📌Powered by V3V Ventures

☄️GameStop Shares Plunge 12% Amid Weak Revenue 📊The owner of the chain of video game and gaming electronics stores GameStop recorded a net profit in the second fiscal quarter ended September 10, but revenue fell by almost a third and was below market forecasts. ℹ️Unexpectedly for many, the company managed to record a net profit of $14.8 million, or 4 cents per share, against a loss of $2.8 million, or 1 cent per share, a year earlier. Revenue in the reporting period fell by 31% YoY to $798 million, which fell short of market forecasts. As a result, GameStop shares fell 12% during yesterday's session. 🟢In June, GameStop said it raised $2.14 billion in a stock sale, noting that it may use the proceeds for mergers and acquisitions. The company did not hold a conference call in conjunction with its earnings report. 📈GameStop shares, which were lifted by the return of influential trader Keith Gill, also known as Roaring Kitty, to social media earlier this year, are up 33.8% in 2024 through Tuesday. The S&P 500 index SPX is up 15.2% this year. 📌Powered by V3V Ventures

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☄️ Analysts Propose Excluding Boeing From Dow Jones Index ✈️ Boeing, one of 30 companies that represent the American economy in the Dow Jones Industrial Average, may no longer qualify. Recent security incidents and investigations have raised doubts about the company's future. ✂️Rating agencies have cut Boeing's credit rating to the low end of "investment grade" and are expected to further decline to "junk" levels. 📊Boeing has lost more than 60% of its stock price since the second 737 Max crash in 2019. Companies with better financial health, such as Lockheed Martin and GE Aerospace, could replace Boeing in the index. ℹ️Boeing remains the largest U.S. exporter, supporting 1.6 million jobs. The question is not its survival, but whether Boeing remains one of the key indicators of the "health" of the American economy. 📌Powered by V3V Ventures

⚡️Core US Inflation Has Risen, Reducing The Likelihood Of A Large-scale Fed Rate Cut ⏺The so-called core consumer price index, which excludes food and energy costs, rose 0.3% from July, the highest in four months, and up 3.2% year on year, bureau data showed labor statistics on Wednesday. ⏺Overall, inflation in the US in August was 0.2% on a monthly basis and 2.5% on an annual basis. August marked the fifth month in a row that the annual rate declined due to lower gasoline prices. The Bureau of Labor Statistics said housing was the "major factor" in overall growth. ⏺While Wednesday's data won't keep the Fed from cutting interest rates next week, it does reduce the likelihood of a sharp rate cut. However, Fed officials have previously signaled that they are largely focused on the labor market, which will likely determine political discussions and decisions in the coming months. They will also have more data to consider ahead of their meetings in November and December. ⏺Traders have reduced the likelihood that the Fed will cut rates by half a point next week to almost zero. Treasury yields rose, S&P 500 futures fell slightly and the dollar trimmed its losses following the data. 📌Powered by V3V Ventures

🕯 Most Volatile Stocks / 10.09.2024 🔼Oracle shares surged more than 10% Tuesday after the company reported earnings that beat expectations, thanks to increased demand for its cloud services offerings. The Texas-based company's push into the cloud computing market is showing promising results and it has started narrowing the gap with market leaders Microsoft and Amazon Web Services. Oracle Cloud Infrastructure remains strong and sustained demand for cloud compute is expected, particularly in AI applications. Oracle also announced a new partnership with Amazon's AWS, further adding to its growing database opportunities. 🔽Shares of the tech giant Apple edged lower, falling about 1% on Tuesday, after it lost an EU court battle over a $14 billion tax bill. The development comes just one day after its iPhone 16 launch disappointed on the AI side, with Wall Street analysts underwhelmed by the phone's new features. The EU’s Court of Justice in Luxembourg backed a landmark 2016 decision that Ireland broke state-aid law by giving Apple an unfair advantage. In another victory for the EU’s antitrust chief Margrethe Vestager, the same court ruled that Google illegally leveraged its search-engine dominance to give a higher ranking to its own product listings. 🔽Shares of the chimaker Taiwan Semiconductor dropped 3% despite strong sales for the month of August. The company's revenue rose 33% last month, a positive signal when it comes to the smartphone market's recovery and demand for Nvidia's AI chips. Wall Street is betting on a bounce-back in demand for mobile devices backed by Apple’s adoption of Wi-Fi 7 on the iPhone 16 and 16 Pro. Taiwan Semiconductor stock has increased 82% in the last 12 months. 📌Powered by V3V Ventures

☄️Brent Oil Falls Below $69 – To Lows Since 2021 🔽The price of Brent oil futures fell below $69 per barrel, to its lowest level since 2021. Oil resumed its downtrend on Tuesday, falling more than 3% after oil alliance OPEC cut its forecast for demand growth in 2024 and 2025. ⚠️In its monthly report, OPEC said it expects oil demand to rise by about 2.0 million barrels per day in 2024, down 80,000 barrels from its previous estimate. The oil alliance also slightly lowered its growth forecast for 2025. 💸China was one of the main drivers of the downward revision. The country faces economic difficulties amid a housing crisis. It is also increasingly turning to natural gas, which is cheaper and considered cleaner than oil, as part of its energy transition. 🔴Wall Street analysts have turned gloomier on crude oil, cutting their price targets for the commodity in part due to weak Chinese demand. Growing signs of economic difficulty in the US and Europe, where the summer driving season is coming to an end, have also weighed on prices. 📌Powered by V3V Ventures

🕯 Most Volatile Stocks / 09.09.2024 🔼Palantir and Dell rally after S&P 500 inclusion announcement. Palantir and Dell rallied 14% and 5%, respectively, after an announcement Friday after the market closed that the stocks would join the S&P 500 index. The move takes effect Sept. 23. Palantir will replace American Airlines, while Dell will replace Etsy. To join the S&P 500, a company must have reported positive earnings in the most recent quarter and year, among other criteria. 🔼Shares of Summit Therapeutics rocketed as high as 75.2% Monday, before settling into a 57.5% gain. The biotech firm released the results of a Phase III study on Sunday at the 2024 World Conference on Lung Cancer in San Diego. The data showed its lung cancer treatment Ivonescimab outperformed Pembrolizumab, also known as Keytruda, the current standard of care from Merck. An early-stage biotech, a potential blockbuster drug would be a huge deal to Summit. Meanwhile, Merck's shares were down marginally in Monday's trading, with Merck being a large-cap, more diversified company. 🔼Boeing gains after reaching labor deal. Boeing stock added 4% after the aerospace stalwart reached a deal with a union that represents 33,000 of its employees on the West Coast, potentially averting a strike scheduled for this Friday. The agreement provides raises totaling 25% over the four-year life of the contract, “the largest-ever general wage increase,” Boeing said in a press release. The deal also improved contributions to 401(k) plans, lowered employee contributions for health insurance, and provided more time off. 📌Powered by V3V Ventures

📉Copper Prices Fall Due To Economic Problems 📊Copper prices fell on Monday after weaker-than-expected US employment data fueled concerns about the health of the world's largest economy. Three-month copper futures on the London Metal Exchange CMCU3 fell 0.5% to $8,951 a tonne, having lost 2.6% last week, their biggest weekly fall since July. ⚠️Employment data released Friday showed the labor market slowed more than expected, raising fears of a recession in the United States. This has led to a fall in the prices of risky assets, including copper, which is often seen as an economic indicator. 🔜The data confirmed market expectations that the Federal Reserve will cut interest rates in September, but its size and speed remain unclear. Investors are awaiting more data this week, including trade data from China, the world's largest consumer of metals. 📌Powered by V3V Ventures

🗓 Coming Up Next Week Monday 09.09 ⏺Japan GDP ⏺China CPI Tuesday 10.09 ⏺China International Trade ⏺Germany CPI Wednesday 11.09 ⏺UK GDP ⏺US CPI Thursday 12.09 ⏺Japan PPI ⏺US Initial Jobless Claims ⏺US PPI ⏺ECB Rate Friday 13.09 ⏺US Consumer Sentiment ⏺EU Factory Output 📌Powered by V3V Ventures

🙂Yellen Tried To Reassure Investors 📣Treasury Secretary Janet Yellen sought to reassure the public that the U.S. economy remains strong despite a string of weak employment data that rattled investors and weighed on the stock market. ©Yellen said job growth had slowed from the so-called "hiring rush" as the US reopened from the Covid-19 pandemic, but the economy was "in a deep recovery." ℹ️The Treasury secretary's comments came a day after the Bureau of Labor Statistics released employment data for another month that was worse than expected. 📌Powered by V3V Ventures

⚡️Broadcom's Quarterly Revenue Soared 47%, But Forecasts Disappointed The Market 📈One of the world's largest manufacturers of semiconductor products, Broadcom, recorded higher-than-expected revenue in the third fiscal quarter ending August 4, but the company's shares fell 11% amid weak forecasts and a quarterly loss. 📊According to reports, the net loss was $1.88 billion, or $0.4 per share, compared with net profit of $3.3 billion, or $0.77 per share, a year earlier. Excluding one-time items, earnings were $1.24 per share, exceeding analysts' average expectations of $1.22 per share. 🔼Revenue, meanwhile, soared 47% YoY to $13.07 billion, compared with analysts' expectations of $12.98 billion. Broadcom estimates revenue for the current reporting period will be about $14 billion, while analysts on average expect $14.11 billion. 📌Powered by V3V Ventures

🔝 S&P 500 Has Its Worst Week In A Year - Investors Did Not Appreciate The Labor Market Report 🔽S&P 500 fell 1.7% on Friday, September 6. This is the benchmark's worst week in a year, driven by selling in tech stocks as the August jobs report was weak. Tech stocks also fell as investors continued to dump risky assets. 📊 Fresh employment data for August further fueled concerns about a slowdown in the labor market. The statistics released on Friday raised concerns about the state of the US economy, spooking markets and reducing risk appetite. Nonfarm payrolls rose by 142,000 versus expectations of 161,000. However, the unemployment rate fell to 4.2%, in line with expectations. ⚠️ August payroll data points to rising risks as the labor market appears to be deteriorating and the Fed needs to step in to reduce risks. The report solidifies a rate cut in September, but the big question is whether the Fed will take big steps (cutting rates by 50 bps) to counter rising risks. 📌Powered by V3V Ventures

⚡️Nvidia Slides 5% As Chip Stocks Lead Tech Losses 🔽Shares of Nvidia sank as much as 5% on Friday as a sell-off in chip stocks led to the downside.The AI chip heavyweight was under pressure along with other semiconductor names on the last day of what has been a volatile week for stocks. 📉Shares of Broadcom also sank nearly 9% after the semiconductor giant's lackluster sales forecast for the fourth quarter overshadowed its earnings beat. Taiwan Semiconductor, Advanced Micro Devices and chip-making giant ASML each slid more than 4%. 📊The Tech sector led the markets lower on Friday after the unemployment rate fell to 4.2%, prompting some investors to believe the Federal Reserve will cut rates by 25 basis points instead of 50 basis points at its policy meeting this month. Investors have increasingly questioned whether capital expenditures for tech infrastructure will continue and if the AI boom has peaked. ℹ️Nvidia's stellar growth streak has underpinned the market's rally this year. The stock led a market rebound last month, but failed to continue the rally in late August after a lackluster reception for the company's quarterly results. Nvidia is on pace to end the shortened trading week down roughly 14%. 📌Powered by V3V Ventures

Meme coins – a money-making button? Or how to make a profit in the crypto market? Yes, if you get in at the right time! For example, $PEPE brought in 5000% profit in 2023 – you could have turned $100 into half a million. But it’s too late to jump in now. What to buy? $APES @Apesol_gang . In just 3 weeks, it has hit the top of the growth charts, and the meme is going viral with millions of views. It’s soon to be listed on Bybit and, according to rumors, on Binance. Keep an eye on the news via Telegram and Twitter. ⚠️And remember, getting Apes before the Binance listing is like buying Bitcoin 10 years ago.

☄️Brent Price Fell Below $72 For The First Time Since June 2023 📈Oil prices fell after the release of weaker-than-expected data on the US labor market. At the same time, oil prices may continue to fall as concerns about demand outweigh OPEC+'s decision to postpone production increases. 🤝On September 5, OPEC+ countries, including Russia and Saudi Arabia, extended voluntary oil production cuts by 2.2 million barrels per day until December. The corresponding statement was published on the OPEC website. 📉Oil began to fall significantly in price on Tuesday, September 3, losing 4.86% per day. Quotes began to fall after signs of a resolution to the political conflict in Libya appeared. Earlier, oil production and exports from Libya's main ports were stopped due to a standoff between political factions vying for control of the Central Bank of Libya and oil revenues. ⚠️In addition, the risks of a decline in oil demand due to high rates have not exhausted themselves. Although the US Federal Reserve is ready to start cutting rates in September, it may take a long time for the rate to return to normal levels. This means that the economy is still capable of falling into recession, which leads to lower oil prices. 📌Powered by V3V Ventures

🕯 Most Volatile Stocks / 05.09.2024 🚘 Tesla shares rose more than 6% on Thursday after the electric automaker stuck to its plans to launch the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators. This comes about a month ahead of the company's unveiling of its robotaxi product, "Cybercab", underpinned by the technology that helps drivers accelerate, brake and steer in cities and highways with human supervision. 👔 G-III Apparel Group shares surged 24% after the apparel maker posted second-quarter results that topped estimates. Management said performance in its owned brands was strong with DKNY and Karl Lagerfeld up double digits. The company also added a new licensing agreement with Converse in the quarter. CEO Morris Goldfarb said the company was raising its earnings guidance for the year 🖥 C3ai stock tumbled 8% on Thursday after the maker of AI enterprise software posted weaker-than-expected subscription revenue for its first quarter of fiscal year 2025. The stock's decline illustrates how investors are increasing scrutiny of companies whose stocks have benefited from the artificial intelligence hype. Four firms lowered their price target on the stock following the report. JPMorgan analysts noted professional services revenue of $13.5 million came in well ahead of expectations for the quarter, but subscription revenue of $73.5 million came in 7% below consensus. 🖨 Hewlett Packard Enterprise Co. shares dropped 6% after HPE reported weaker-than-expected margins, suggesting lower profitability than anticipated in its closely watched business of selling servers for artificial intelligence work. Investors have become increasingly concerned about the lower margins of most AI servers, owing to the expensive semiconductors they contain made by companies such as Nvidia Corp. In an interview, Chief Executive Officer Antonio Neri said that over time HPE will sell more higher-margin products and services along with the AI servers.. 📌Powered by V3V Ventures

↗️ The Bullish Trend In The Indian Market Is Only Halfway Through 🇮🇳 India's stock market rally is adding weight to its indices and creating a dilemma for global fund managers: sit back and watch their relative risk exposure decline as the market rises, or buy shares at increasingly attractive prices. Most of them consider the latter too risky and are looking for alternatives. Some are investing in smaller Indian companies, while others are looking to other emerging markets. 🔝The trend was driven by years of strong returns in India while Chinese markets suffered a slump, leading to a change in their weighting in the MSCI Emerging Markets Index, which serves as a benchmark for global emerging market funds. 📊India's share of the MSCI EM index has risen to 19% from 8% four years ago, and analysts at Nuvama Alternative & Quantitative Research expect it to exceed 22% by the end of this year. China's share fell from 40% to 25% over the same period, according to MSCI data. 📌Powered by V3V Ventures

🕯 Most Volatile Stocks / 04.09.2024 🔽Shares of United States Steel Corporation fell more than 20% on Wednesday as the Washington Post reported President Joe Biden is preparing to announce he will formally block Nippon Steel proposed $14.9 billion acquisition of the company. The post cited three people with "knowledge of the matter" but noted a White House official declined to comment. 🔽Dollar Tree stock is getting crushed in Wednesday's trading. The discount retailer's share price was down 24%. On Wednesday morning, Dollar Tree published results for its fiscal second quarter, which ended Aug. 3. Sales and earnings fell short of analysts' consensus expectations, and management cut its full-year guidance targets. The company continued to face some macroeconomic headwinds, and expenses from store openings and legal liability costs also weighed on the bottom line. 🔽Zscaler stock collapsed in morning trading Wednesday, down by 17.8%, even though the company crushed analysts' forecasts for its fiscal fourth quarter when it reported after the closing bell Tuesday. Turns out, though, investors were less interested in Zscaler's recent past and more worried about what might happen next year. CEO Jay Chaudhry hailed the results as "exceeding the high end of our guidance across all metrics." And Zscaler made good progress toward achieving true GAAP profitability. 🔼Shares of GitLab were soaring today after the DevOps cloud software specialist posted strong results in its fiscal 2025 second-quarter earnings report, beating estimates on the top and bottom lines. In a difficult environment for cloud software companies, GitLab keeps delivering solid growth. CEO Sid Sijbrandij said, "Our results show the combination of our end-to-end platform and AI solutions are driving results for our customers by aligning to business goals, providing measurable results, and improving security." 📌Powered by V3V Ventures

⚡️Goldman Sachs Estimates US Economic Growth Higher If Democrats Win Elections 🌧In the event of a Republican victory or a divided Congress under Donald Trump, economic growth will suffer next year, mainly due to increased import tariffs and tougher immigration policies. Job growth under Democrats will also be higher than under Republicans. 📍The race between Harris and Trump is close, with the Democratic candidate holding a slight lead in national polls and some key states. The prospect of Trump winning, especially in tandem with harsh China critic J.D. Vance, rattled markets in July. ✨Under Harris, job growth would be 10,000 per month higher than under divided-government Trump and 30,000 higher than with a complete Republican victory, Goldman estimates. A Trump victory would likely lead to higher tariffs on auto imports from China, Mexico and the EU, raising core inflation. 📌Powered by V3V Ventures

🔴 Market Pulse / 03.09.2024 ↘️ Investors began September trading with a crash as stocks tumbled on Tuesday to start a historically tough month for markets, with AI darling Nvidia and chip names leading tech stocks down. The turn into the red comes amid a crucial week of data on the economy and labor market highlighted by an influential monthly jobs report. 📊The market initially took a leg down on Tuesday after two readings of manufacturing production showed signs of weakness. S&P Global’s showed a decline from July to August, while the Institute for Supply Management’s came in under the level anticipated by economists polled by Dow Jones. This data reignited concerns around slowing growth within the U.S. economy, which helped drive a closely watched sell-off early last month. 📈U.S. and global benchmark crude-oil prices fell sharply on Tuesday to turn lower year to date, as downbeat economic data from China and a weak reading on the U.S. manufacturing sector fed worries about a slowdown in energy demand. November Brent crude, the global benchmark, fell 4.9%, to settle at $73.75 - the lowest front-month finish since Dec. 12, 2023, with prices turning down by 4.3% this year. WTI crude for October delivery fell 4.4% to settle at $70.34 - the lowest front-month finish since Dec. 13, 2023. Year to date, prices have now lost 1.8%. 🔽Nvidia fell 9% on Tuesday, continuing a slide that accelerated after the company's earnings report last week that failed to impress Wall Street. The stock is down more than 12% over the last five days, highlighting a challenging moment for AI and chip companies that have stalled as questions about returns on investments from their customers grow louder. 🔽Coinbase sank nearly 7% as fears of an economic slowdown outweighed the prospects of the Fed's expected rate cut later this month, pulling a host of crypto-related firms, along with much of the rest of the market, into the red. The price of bitcoin, the main cryptocurrency, sank further on Tuesday, around the $57,000 level, dragging the prospects of the digital currency ecosystem along with it. 🔽Boeing sank 6% Tuesday following a price target cut from Wells Fargo, which highlighted pressure on the company's cash flow as it works to develop new aircraft. The company also faces a major potential strike, as its workers in Washington state are set to go on strike if a deal isn't reached later this month. S&P Movers: 📈Molson Coors Beverage +5% 📈Dexcom +4% 📈Cboe Global Markets +4% 📉Vistra -11% 📉Monolithic Power System -10% 📉Constellation Energy -10% Market Data 📉S&P 500 -2.1% 📉NASDAQ -3.3% 📉STOXX 600 -1.0% 📉DAX -1.0% 📉SHANGHAI -0.3% 📉NIKKEI -0.0% 🥇 GOLD -0.1% 💛 BTC -1.8% 😱  VIX +38.1% 📌Powered by V3V Ventures

⚡️Wall Street's Oil Market Forecasts for 2025 Are Getting Gloomier 📈Last week, experts at Goldman Sachs Group and Morgan Stanley already lowered their forecasts for Brent oil prices for next year to below $80 per barrel. Citigroup Inc. and JPMorgan Chase & Co. warned that futures for “black gold” could even fall to $60. 💸The main reason lies in China, the world's largest oil importer, where key growth engines such as manufacturing activity and home sales have begun to falter. 📊Global oil markets were oversupplied by more than 1 million barrels a day in the first quarter as rising demand was more than met by an influx of new production from the United States, Guyana and Brazil, according to the International Energy Agency. ➕However, this figure could increase if the OPEC+ cartel, led by Saudi Arabia, continues to implement plans to restore production by about 2 million barrels per day between October and the end of 2025. 📌Powered by V3V Ventures

🌧 September Is Traditionally A Terrible Month For Traders ⚠️ 2024 could be even more challenging due to uncertainty regarding the Federal Reserve's monetary policy. Stocks, bonds and gold typically lose value in September as traders review their portfolios after the summer break. This month marks the largest percentage drops in the S&P 500 and Dow Jones indices since 1950. Bonds have fallen in eight of the last ten Septembers, and gold has fallen every time since 2017. ⚠️ Investors should be prepared for increased volatility as they face uncertainty, including a key US jobs report that will be important to the Fed's decision on the frequency and size of future rate cuts. Stocks trading near record levels and Treasuries on their longest monthly winning streak in three years could be vulnerable to shocks or surprises amid the tight US presidential race. ❗️With markets expecting four quarter-point rate cuts by the end of this year, there is increased risk of volatility if the Fed appears less willing to ease policy at its meeting ending Sept. 18. ‼️Another source of volatility will be the first televised debate between Vice President Kamala Harris and former President Donald Trump next week, an event seen as important for their re-election campaigns. 📌Powered by V3V Ventures

⚡️Hedge Funds Bet Against Banks, Insurance And Real Estate ⏺Hedge funds continue to bet against bank and financial stocks amid reports of job cuts and lower trading volumes. Financial stocks were the most traded sector in the group's prime brokerage desk serving global hedge funds, according to a note from Goldman Sachs. ⏺Banks, insurance companies, publicly traded real estate trusts and capital markets companies were sold on a net basis for the fourth week in a row. The STOXX 600 bank index in Europe is up 1.7% since Aug. 26, and the Dow Jones bank index closed Friday up more than 2% in the week ahead of the U.S. holiday. ⏺Financial stocks have been short in six of the last seven weeks. Sales were global, with the largest volumes in North America, emerging markets in Asia and Europe. While overall global deal value rose about 20%, the number of mergers and acquisitions fell 25% through June 25, according to LSEG. 📌Powered by V3V Ventures

🗓 Coming Up Next Week Monday 02.09 ⏺US Holiday ⏺China, Eurozone, Russia Manufacturing PMI Tuesday 03.09 ⏺US Manufacturing PMI ⏺Earnings reports from Zscaler Wednesday 04.09 ⏺US Trade Balance ⏺US Factory Orders ⏺China Services PMI ⏺Earnings reports from Dollar Tree, Hewlett Packard Thursday 05.09 ⏺US Initial Jobless Claims ⏺US ISN Non-Manufacturing PMI ⏺Earnings reports from Nio, Broadcom, DocuSign Friday 06.09 ⏺Eurozone GDP ⏺US Nonfarm Payrolls ⏺US Unemployment Rate ⏺Earnings reports from Kroger 📌Powered by V3V Ventures

⚠️ Buffett Is Selling Bank of America Shares Again ⏺Berkshire Hathaway's Warren Buffett continues to sell shares of Bank of America Corp., and if it continues to reduce investments, it will soon eliminate the need to quickly disclose these transactions. ⏺The new round of sales, disclosed on Friday evening, reduced the conglomerate's stake in the bank to 11.4%. As long as Berkshire owns more than 10%, US rules require it to disclose transactions within days. But if a company owns a smaller stake, it may wait a few weeks before releasing updates—usually providing results after each quarter. ⏺That would help cool the situation that has been weighing on BofA's share price since mid-July, when Buffett - a longtime supporter of the bank's CEO Brian Moynihan - began selling off shares without explanation. Since then, Berkshire has received a total of $6.2 billion. ⏺Buffett began ramping up his investment in Bank of America with a $5 billion deal in 2011 for preferred stock and warrants. His Berkshire Hathaway eventually became — and remains — the bank's largest shareholder, with a stake of about $36 billion based on Friday's closing price. 📌Powered by V3V Ventures

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🚫 Goldman Sachs Will Lay Off Hundreds Of Employees ℹ️The new round of layoffs will lead to an overall reduction of about 3% to 4% of the bank's workforce in 2024, with most of those cuts made earlier this year, one of the people said. This is in line with the bank's typical approach as it seeks to keep costs under control and make room to attract new talent. The annual measure was briefly suspended at the height of the COVID pandemic and last year was near the lower end of its typical 1% to 5% range. 📊Goldman employed 44,300 people at midyear. A company spokesman said the bank's annual staff review is normal and standard, and that the company plans to have more employees by the end of 2024 than the year before. 📈The bank's shares rose to an all-time high this week, rising more than 32% to top $510 by Friday's close, making it the best performer among leading U.S. banks. 📌Powered by V3V Ventures

🚘Tesla Is Preparing A Robotaxi Presentation At Warner Bros Studio ⏺Tesla Inc. intends to present its long-awaited robotaxi at an event at the Warner Bros. film studio. Discovery Inc. in the Los Angeles area. The presentation is scheduled for October 10 in Burbank, California. The site is home to 29 sound stages that have been used to film famous productions, from the Batman films to the TV show Friends. ⏺Tesla CEO Elon Musk is prioritizing autonomy and artificial intelligence, moving away from Tesla's core business of selling electric vehicles. The Austin-based company is also building its own ride-hailing app, powered by a fleet of both purpose-built robotaxis and other vehicles that don't require a human driver. The CEO may reveal more details about the technology at the Los Angeles event. ⏺Tesla has postponed the date of its robotaxi event, originally scheduled for August 8, due to requests for design changes from Musk. The company also took longer to create prototypes for demonstration. 📌Powered by V3V Ventures

🟢 Market Pulse / 30.08.2024 ↗️ US stocks ended a wobbly week and a volatile month on a high note as the latest reading of the Federal Reserve's preferred inflation gauge bolstered rate-cut hopes and kept the central bank on track for a policy pivot in September. 📊Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years. The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up 2.5% from the same period a year ago, exactly in line with the Dow Jones consensus estimates. Excluding volatile food and energy prices, core PCE also increased 0.2% for the month but was up 2.6% from a year ago. The 12-month figure was slightly softer than the 2.7% estimate. ✂️ Swap contracts fully price in a quarter-point move and about 20% odds of the half-point cut forecast by at least two large US banks. They continue to almost fully price in a half-point rate cut at some point this year, anticipating cumulative easing of almost 100 basis points over the Fed’s three remaining policy meetings. 💻 Intel shares gained 9% Friday following a report that the company is considering splitting off its foundry and other options as the rival to Nvidia tries to stem losses. The reported discussions follow a harsh earnings report from earlier this month that spooked investors. Overall, the stock is down over 50% so far this year. 🔨 Shares of the technology company Dell rose 4% in afternoon trading on Friday after posting better-than-expected second quarter results and raising its full-year outlook. Dell also benefited from the development around AI, with increased demand for its servers. S&P Movers: 📈Intel +10% 📈GE Vernova +5% 📈Western Digita +4% 📉Ulta Beauty -4% 📉APA Corp -3% 📉Super Micro Comp -3% Market Data 📈S&P 500 +1.0% 📈NASDAQ +1.1% 📈STOXX 600 +0.1% 📈DAX +0.0% 📈SHANGHAI +0.7% 📈NIKKEI +0.7% 🥇 GOLD -1.0% 💛 BTC -0.8% 😱  VIX -4.1% 📌Powered by V3V Ventures

💻 Intel Is Considering Business Split ⚙️ Intel is working with investment banks to overcome the most difficult period in its 56 years. Various scenarios are being considered, including the separation of the design and manufacturing businesses, as well as the possible suspension of some projects. ⌛ Morgan Stanley and Goldman Sachs, both longtime Intel partners, are advising the company on its options, including potential mergers and acquisitions. The discussions became especially urgent after a disappointing earnings report, after which the shares fell to 2013 levels. 🔜 Strategic options are expected to be presented at the board meeting in September. Among the measures being considered is a possible suspension of expansion plans, rather than radical steps such as selling the manufacturing unit. CEO Pat Gelsinger considered him key to restoring Intel's position among chip makers. Intel has already announced cutting 15,000 jobs and reducing capital spending. CEO noted that recent weeks have been difficult for the company. Adding to the shock was the departure of director Lip-Bu Tan, one of the few people with industry experience. ℹ️ Intel, whose market value has fallen to $86 billion, is no longer among the top 10 largest chipmakers. It lags significantly behind Nvidia, which plans to double Intel's revenue in 2024. 📌Powered by V3V Ventures

🟢 Market Pulse / 29.08.2024 ↗️ The Dow closed at another record on Thursday — its third this week — while the other major averages finished the day lower as investors assessed Nvidia's earnings alongside data that showed the US economy grew more than expected. 🔽While Nvidia`s quarterly profit and revenue guidance topped estimates, the size of the beats fell short of high-running hopes. That started to stir questions as to whether the AI boom has peaked. Wall Street remained bullish on the stock, but shares still ended the day down around 6%. 📊The US economy grew at a stronger pace than expected in the last quarter, according to a reading of gross domestic product released on Thursday. Second-quarter GDP increased at an annual rate of 3%, up from a prior estimate of 2.8%. Weekly US jobless claims came in at 231,000, a decline from the prior week, and lower than 232,000  expected by economists. 📈Affirm shares rose more than 35% on Thursday afternoon after the buy now, pay later company said Wednesday it will likely reach profitability faster than previously expected. Affirm now expects to be profitable by the fourth quarter of the next fiscal year. The announcement came alongside an earnings report that soared past Wall Street's expectations. 🔼Best Buy shares soared 14% on Thursday after the retailer posted better-than expected results following a series of disappointing quarters. CEO Corie Barry said in the release that the numbers are a result of Best Buy's focus on "sharpening" the customer experiences and market positioning, while "expanding our non-GAAP operating income rate in the current environment." 🔽Dollar General shares tanked 32% on Thursday after the low-cost retailer cut its full-year outlook and partially blamed softer sales in the second quarter on "financially constrained" customers. The company has been undergoing a "Back to Basics" improvement plan at the helm of CEO Todd Vasos, who returned to Dollar General last year. The latest quarterly results highlighted pressure on the lower-income consumer. S&P Movers: 📈Best Buy +14% 📈Cooper Companies +12% 📈West Pharma +6% 📉Dollar General -32% 📉Dollar Tree -10% 📉NetApp -10% Market Data 📈S&P 500 +0.0% 📉NASDAQ -0.2% 📈STOXX 600 +0.8% 📈DAX +0.7% 📉SHANGHAI -0.5% 📈NIKKEI +0.0% 🥇 GOLD +0.7% 💛 BTC +0.1% 😱  VIX -8.5% 📌Powered by V3V Ventures

🟢 Market Pulse / 28.08.2024 ↗️ The Dow closed at another record on Thursday — its third this week — while the other major averages finished the day lower as investors assessed Nvidia's earnings alongside data that showed the US economy grew more than expected. 🔽While Nvidia`s quarterly profit and revenue guidance topped estimates, the size of the beats fell short of high-running hopes. That started to stir questions as to whether the AI boom has peaked. Wall Street remained bullish on the stock, but shares still ended the day down around 6%. 📊The US economy grew at a stronger pace than expected in the last quarter, according to a reading of gross domestic product released on Thursday. Second-quarter GDP increased at an annual rate of 3%, up from a prior estimate of 2.8%. Weekly US jobless claims came in at 231,000, a decline from the prior week, and lower than 232,000  expected by economists. 📈Affirm shares rose more than 35% on Thursday afternoon after the buy now, pay later company said Wednesday it will likely reach profitability faster than previously expected. Affirm now expects to be profitable by the fourth quarter of the next fiscal year. The announcement came alongside an earnings report that soared past Wall Street's expectations. 🔼Best Buy shares soared 14% on Thursday after the retailer posted better-than expected results following a series of disappointing quarters. CEO Corie Barry said in the release that the numbers are a result of Best Buy's focus on "sharpening" the customer experiences and market positioning, while "expanding our non-GAAP operating income rate in the current environment." 🔽Dollar General shares tanked 32% on Thursday after the low-cost retailer cut its full-year outlook and partially blamed softer sales in the second quarter on "financially constrained" customers. The company has been undergoing a "Back to Basics" improvement plan at the helm of CEO Todd Vasos, who returned to Dollar General last year. The latest quarterly results highlighted pressure on the lower-income consumer. S&P Movers: 📈Best Buy +14% 📈Cooper Companies +12% 📈West Pharma +6% 📉Dollar General -32% 📉Dollar Tree -10% 📉NetApp -10% Market Data 📈S&P 500 +0.0% 📉NASDAQ -0.2% 📈STOXX 600 +0.8% 📈DAX +0.7% 📉SHANGHAI -0.5% 📈NIKKEI +0.0% 🥇 GOLD +0.7% 💛 BTC +0.1% 😱  VIX -8.5% 📌Powered by V3V Ventures

📉Nvidia Shares Fall After Quarterly Report Amid High Investor Expectations 📊Nvidia's quarterly report exceeded analysts' expectations, but the company's forecast and news of problems with the production of Blackwell's next-generation artificial intelligence chips fell short of investors' expectations. Nvidia forecast its fiscal 2025 third-quarter revenue to be about $32.5 billion. 💬Nvidia admitted that the new Blackwell chips were more difficult to manufacture than originally expected. The company said it had to redesign the photomask to increase the number of usable chips. Nvidia plans to ramp up Blackwell production in the fourth quarter and continue into the next fiscal year. The company expects it to generate "several billions of dollars" in revenue by the end of the year. 🔼Nvidia's revenue in the second quarter of fiscal 2025 rose to $30 billion, up 122% from a year earlier. The data center division, which became the largest source of sales, increased revenue by 154% year-on-year, to $26.3 billion. Sales of gaming chips, which were previously Nvidia's core business, brought the company $2.9 billion. ‼️Analysts continue to raise estimates for Nvidia, but worry that growth is slowing. Most of it fell on a small group of clients. About 40% of Nvidia's revenue comes from big tech companies like Alphabet and Meta, which are pouring tens of billions of dollars into AI infrastructure. Although companies have increased capital spending this season, there are concerns that the amount of infrastructure being built will exceed demand, which could lead to a bubble. 📈Nvidia shares are up 153.7% since the start of 2024. They were the best performers in the S&P 500 this year and eclipsed the gains of all other semiconductor companies. 📌Powered by V3V Ventures

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🔴 Market Pulse / 28.08.2024 ↘️ A decline in tech stocks led the market lower on Wednesday as investors awaited chipmaker Nvidia earnings report, seen as crucial to keeping confidence in the broader market aloft.  Stocks pulled back from the near-record levels seen on Tuesday, as investors shifted Nvidia's second quarter results after the bell on Wednesday. Following the market close, Nvidia reported earnings and revenue that topped Wall Street's estimates but shares slipped after-hours roughly 4%. 🔽Shares of SuperMicro Computer fell nearly 25% after the company said it would delay the filing of its annual report for its fiscal year that ended June 30. The announcement comes a day after short seller Hindenburg Research claimed, among other things, "accounting manipulation" at the AI high flyer. Wednesday's more than 24% drop in Super Micro’s stock price made short sellers more than $1.07 billion in midday mark-to-market profits, according to S3 Partners data. 🔼Shares of e-commerce pet food and supplies retailer Chewy jumped 12% after the company reported second-quarter earnings results, with revenue, active customers, and EPS exceeding Wall Street's expectations. In addition, its EBITDA margin increased year on year, and free cash flow improved. Improved monetization also played a role in the results, as net sales per active customer clocked in at a record $565. Overall, this was an impressive quarter for the company. S&P Movers: 📈Insulet Corp +6% 📈Bio-Rad Lab +3% 📈Tyson Foods +3% 📉Super Micro Comp -19% 📉Bath&Body Works -7% 📉JM Smucker -5% Market Data 📉S&P 500 -0.6% 📉NASDAQ -1.1% 📈STOXX 600 +0.3% 📈DAX +0.5% 📉SHANGHAI -0.4% 📈NIKKEI +0.2% 🥇 GOLD -0.5% 💛 BTC -2.7% 😱  VIX +10.9% 📌Powered by V3V Ventures

⚡️Copper Prices Reach 6-Week High 🔼Copper prices hit a nearly six-week high on rising investor demand and market optimism about a possible cut in US interest rates. 📈Copper prices have risen steadily in recent weeks, recovering from a fall to a four-month low in early August. Copper's recent rally has been supported by renewed demand from hedge funds. ℹ️Expectations for a Fed rate cut have increased following Fed Chairman Jerome Powell's remarks last week about the need for policy adjustments, although he did not specify the exact timing or extent of the cut. Copper prices are expected to benefit from rate cuts as looser monetary policy eases financial pressure on producers and construction companies. ❗️Demand for copper is considered an indicator of economic health, and the metal is critical to various sectors including electric vehicle manufacturing and power grids. 📌Powered by V3V Ventures

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🟢 Market Pulse / 27.08.2024 ↗️The Dow Jones Industrial Average finished the day just above the flatline to claim another back-to-back record high. The benchmark S&P 500 and tech-heavy Nasdaq Composite each closed up around 0.2%. Stocks are struggling to find a footing as investors debate whether chipmaker Nvidia's high-stakes results on Wednesday can once again live up to elevated expectations. Semiconductor stocks lost ground on Tuesday alongside a 1% drop for the AI darling, a sign of how Nvidia's report could ripple through techs as it tests the AI trade that has driven gains. ⌨️Super Micro Computer stock fell nearly 2% Tuesday following a report from short seller Hindenburg Research claiming, among other things, "accounting manipulation" at the AI high flyer. Hindenburg Research said its three-month investigation "found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues." The firm disclosed Tuesday that it had taken a short position in Super Micro. Super Micro shares soared from $290 in early January to north of $1200 by March. The stock is off about 50% from its March peak but is still up 90% year to date. 🛒Consumer confidence rose more than expected in August despite a continued weakening in consumers' assessment of the labor market. The latest index reading from the Conference Board was 103.3, above the 101.9 seen in July and higher than the 100.7 economists surveyed by Bloomberg had expected. In August's consumer confidence report, 32.8% of people said jobs were "plentiful," down from 33.4% in July. Meanwhile, 16.4% said jobs were "hard to get," up slightly from 16.3%. 💊Walgreens Boots Alliance Inc. shares tumbled below $10 for the first time in 27 years on Tuesday, the latest milestone in what has been an abysmal year for the pharmacy chain. This latest drop puts Walgreens shares on track for their worst day since June 27, when the stock fell more than 20% following disappointing earnings and guidance. On that day, the Wall Street Journal also reported that the struggling pharmacy-chain operator planned to close poorly performing stores and cut its stake in primary-care provider VillageMD. Eli Lilly & Co. said Tuesday that it planned to offer its popular weight-loss drug Zepbound at a steep discount. The announcement appeared to weigh on shares of Walgreens and rival CVS Health Corp. S&P Movers: 📈Resmed Inc +7% 📈Insulet Corp +7% 📈Royal Caribbean Cruise +4% 📉Walgreens Boots Alliance -9% 📉Paramount Global -7% 📉Martin Marietta Materials -5% Market Data 📈S&P 500 +0.2% 📈NASDAQ +0.2% 📈STOXX 600 +0.2% 📈DAX +0.4% 📉SHANGHAI -0.2% 📉NIKKEI +0.5% 🥇 GOLD +0.2% 💛 BTC -1.7% 😱  VIX -4.5% 📌Powered by V3V Ventures

⚡️Shares of Chinese PDD Holdings Inc. Plummeted 30% After Weak Quarterly Report 🔽PDD Holdings, owner of chinese marketplace Temu, suffered its deepest one-day drop since its US listing in 2018. In addition, the corporation's shares reached a nine-month low. The market capitalization of the Chinese company fell by $55 billion. Company's revenue for the latest quarter fell short of analysts' expectations. The figure amounted to 97.06 billion yuan, with average analyst expectations of 100 billion yuan. ❗️During a post-earnings briefing, CEO Chen Lei mentioned at least eight times that revenue and profits must “inevitably” decline as economic growth slows. He sees many new challenges ahead, from changing consumer demand, intensifying competition, and uncertainties in global environment. ⚠️PDD’s warning stunned investors because the company was long viewed as the main beneficiary of a Chinese “consumer downgrade” — its low-pricing strategy on Pinduoduo domestically and Temu abroad was intended to appeal to cost-conscious shoppers at a time of unprecedented economic volatility. 💸The disappointing results were the latest in a series of red flags about the Chinese economy. On Tuesday, China’s biggest bottled water producer Nongfu Spring Co. reported the slowest half-year profit growth since its listing in 2020, while popular fast food chain Din Tai Fung — long one of the most popular restaurant brands across the country — revealed this week it was shutting more than a dozen outlets. 📌Powered by V3V Ventures

🔴 Market Pulse / 26.08.2024 ↘️ The Dow Jones Industrial Average notched a record close on Monday while the other two major averages slid as investors weighed the imminent arrival of interest rate cuts and braced for a busy week dominated by Nvidia's earnings report. If the chipmaker's results on Wednesday fail to meet sky-high expectations, that could further dent the AI trade, which has powered stock gains, and, in turn, put the market's rebound from August lows to the test. 💸China’s central bank left a key interest rate unchanged, keeping a lid on a bond frenzy as it stays patient in supporting the economy. The People’s Bank of China kept the rate on its one-year policy loans, or the medium-term lending facility, at 2.3%, after a slashing the rate by 20 basis points in July. The decision underscores Beijing’s cautious approach in supporting the economy, even as China reported a rare contraction in bank loans amid weak demand. The PBOC has been walking a fine line of stimulating growth and cooling a government-bond buying spree to limit financial risks in recent months. 🛢 Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East. Over the weekend, Israel implemented an airstrike against Tehran-backed Hezbollah’s rocket launching stations in Lebanon, adding to fears of a broader conflict involving Iran breaking out in the region. Libya's eastern-based government announced the closure of all oil fields on Monday, halting production and exports. Libya's oil production was about 1.18 million barrels per day in July, according to the Organization of the Petroleum Exporting Countries, citing secondary sources 🔽U.S.-listed shares of PDD Holdings plummeted nearly 30% on Monday, putting the e-commerce stock on pace for its worst day on record. The declines came after the Temu parent company posted disappointing second-quarter results. PDD reported revenue of 97.06 billion yuan, falling short of a FactSet estimate of 100.17 billion yuan. The company said it anticipates pressures from heightened competition. Shares have plummeted more than 33% this year. S&P Movers: 📈Dayforce Inc +4% 📈Jack Henry & Associates +3% 📈EOG Resources +3% 📉Super Micro Computer -8% 📉Broadcom -4% 📉Micron -4% Market Data 📉S&P 500 -0.3% 📉NASDAQ -0.9% 📉STOXX 600 -0.1% 📉DAX -0.1% 📉SHANGHAI -0.0% 📉NIKKEI -0.7% 🥇 GOLD +0.3% 💛 BTC -1.3% 😱  VIX +1.8% 📌Powered by V3V Ventures

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🇺🇸US Earnings Season Continues According to FactSet, 98% of the S&P500 companies reported so far: ⏺ 79% beat EPS expectations, still above the 5-year average of 77% and above the 10-year average of 74% ⏺ 60% beat revenue expectations, still below the 5-year average of 68% and below the 10-year average of 64% 🔔 Key earnings this week: Monday: Pinduoduo, Heico, Trip Tuesday: Joyy, Nordstrom, Ambarella, Scotiabank Wednesday: Nvidia, Chewy, Li Auto, Crowdstrike, Salesforce, Foot Locker, HP Inc, NetApp Thursday: Best Buy, Dell, Dollar General, Lululemon, Gap Inc, Autodesk Friday: Frontline 📌Powered by V3V Ventures

🗓 Coming Up Next Week Monday 26.08 ⏺UK Bank Holiday ⏺US Durable Goods Orders ⏺Earnings reports Pinduoduo, Trip com Tuesday 27.08 ⏺Germany GDP ⏺US Consumer Confidence ⏺Earnings reports from Scotiabank, Nordstrom, Joyy Wednesday 28.08 ⏺Germany Consumer Climate ⏺Earnings reports from Nvidia, Salesforce, Crowdstrike, HP Inc, Kohl's Foot Locker Thursday 29.08 ⏺Eurozone Consumer Confidence ⏺Germany PPI ⏺US GDP ⏺US Trade Balance ⏺Earnings reports from Dell, Lululemon, Best Buy, Dollar General Friday 30.08 ⏺Eurozone CPI ⏺US PCE index ⏺Earnings reports from Miniso 📌Powered by V3V Ventures

🌐 Weekly Market Review 25.08.24 🇺🇸 USA 🔼S&P 500 +1.5% 🔼DOW JONES +1.3% 🔼NASDAQ +1.4% 🇪🇺 EUROPE 🔼STOXX 600 +1.3% 🔼DAX +1.7% 🔼FTSE 100 +0.2% 🇭🇰🇨🇳🇯🇵 ASIA 🔼HANG SENG +1.0% 🔽SHANGHAI -0.9% 🔼NIKKEI 225 +0.8% 🛢🥇 NON-STOCK 🔼BRENT -2.2% 🔼GOLD +0.4% 🔼BITCOIN +6.6% 🔼VIX +7.2% ⭐️ KEY DRIVERS ⏺US indexes climbed more than 1% for the week, failing to match the previous week’s big gains but nevertheless extending their comeback from a rough start to August. Stocks were choppy earlier in the week but ended on a positive note Friday following a speech by U.S. Federal Reserve Chair Jerome Powell. ⏺Investors appeared encouraged by Federal Reserve Chair Jerome Powell’s Jackson Hole speech signaling the Fed was on the path toward cutting interest rates. This declaration reflected the central bank's confidence in its fight against inflation and the market's widespread belief that the economy no longer needs a restrictive policy. Fed Chairman said that the time has come to adjust monetary policy, but the pace of interest rate reduction will depend on incoming data. This statement means that the Fed is “cementing” the September rate cut, but leaves open the question of the size of this step. Also this comment from Powell indicates how high the current Fed interest rate is. It is at its highest level since 2001. ⏺Real estate stocks led the S&P 500's advance this week, rising 3.5% to serve as the best-performing sector in the index as investors cheered signals from Federal Reserve Chair Jerome Powell that the central bank will begin cutting interest rates next month. This follows a challenging year for commercial real estate, marked by a sharp decline in property values and record-high vacancy rates. However, the outlook for the group appears to have turned a corner for now. ⏺Stocks advanced after a summary of the Federal Reserve’s policy meeting last month reinforced hope for lower rates in the near future. Those moves came as Fed officials said a decrease to the borrowing cost during the September policy meeting was increasingly likely, according to minutes from the July gathering released Wednesday afternoon. Traders are pricing in around a 64% chance of a reduction of 25 basis points and 37% odds of 50 basis points, per CME's FedWatch tool. 📌Powered by V3V Ventures

❌Chinese Markets Experience Record Stock Delisting For Third Year In A Row ❌Chinese stock markets have seen record delistings for the third year in a row. Forced delisting can be detrimental to investors. The record delisting comes as the number of IPOs surges over the past decade and tougher rules introduced to weed out weaker bidders. 🇨🇳A total of 40 companies have already been removed from the Shanghai and Shenzhen exchanges this year, and another nine have said they are also likely to be removed. This suggests that in 2023 the total number of players will exceed the previous record of 45. 📌Powered by V3V Ventures

📱Apple Plans To Introduce New iPhones, AirPods And Watches on September 10 📱Following the unveiling, the phones are expected to go on sale on September 20, which is in line with Apple's typical approach in recent years. The launch is crucial for Apple, whose sales of smartphones and wearables have been weak in recent quarters. 🍏The iPhone 16 will have larger screens on Pro models and new camera features. The company also produces a suite of artificial intelligence tools called Apple Intelligence. However, in general, the phones will not differ much from last year's models. 🍏Meanwhile, Apple's wearables are set to see bigger changes. Apple Watch Series 10 models will be thinner but include larger screens. In addition, Apple is updating its AirPods line with new entry-level and mid-range versions. The company will offer noise cancellation on its mid-range AirPods for the first time, and the entry-level model will receive an update for the first time since 2019. 📌Powered by V3V Ventures

🟢 Market Pulse / 23.08.2024 ↗️ The U.S. stock market finished sharply higher Friday, as investors appeared encouraged by Federal Reserve Chair Jerome Powell’s Jackson Hole speech signaling the Fed was on the path toward cutting interest rates. This declaration reflected the central bank's confidence in its fight against inflation and the market's widespread belief that the economy no longer needs a restrictive policy. Traders are pricing in around a 64% chance of a reduction of 25 basis points and 37% odds of 50 basis points, per CME's FedWatch tool. 🏙 Real estate stocks led the S&P 500's advance this week, rising 3.5% to serve as the best-performing sector in the index as investors cheered signals from Federal Reserve Chair Jerome Powell that the central bank will begin cutting interest rates next month. This follows a challenging year for commercial real estate, marked by a sharp decline in property values and record-high vacancy rates. However, the outlook for the group appears to have turned a corner for now. 📺 Shares of the TV streaming distributor Roku rose nearly 9% Friday as Guggenheim analysts upgraded the stock to Buy from Neutral with a price target of $75. That represents a premium more than 20% up from Thursday's closing price. Analysts cited broadening video inventory for advertising sales and improved monetization for home screens heading into the third quarter. 🏠Sales of new homes increased 10.6% in July to a seasonally adjusted rate of 739,000 units, up from June’s revised seasonally adjusted annual rate of 668,000, according to the Census Bureau on Friday. The uptick in sales activity likely reflects how lower rates have incentivized many builders to provide more attractive rates for house hunters who may finally see some relief from affordability challenges that have plagued the housing market for the better part of two years. In recent weeks, 30-year mortgage rates have dropped below 7% and are now at the lowest level since May 2023. Still, they remain double levels from three years ago. S&P Movers: 📈Builders FirstSource +9% 📈Norwegian Cruise Line +8% 📈Carnival +8% 📉Intuit -7% 📉Brown&Brown -2% 📉Synopsys -2% Market Data 📈S&P 500 +1.2% 📈NASDAQ +1.5% 📈STOXX 600 +0.5% 📈DAX +0.8% 📈SHANGHAI +0.2% 📈NIKKEI +0.4% 🥇 GOLD +1.3% 💛 BTC +4.7% 😱  VIX -9.8% 📌Powered by V3V Ventures

⚡️Powell Believes It's Time For a Rate Cut - Jackson Hole Speech 🗣️ Fed Chairman said that the time has come to adjust monetary policy, but the pace of interest rate reduction will depend on incoming data. ℹ️This statement means that the Fed is “cementing” the September rate cut, but leaves open the question of the size of this step. Also this comment from Powell indicates how high the current Fed interest rate is. It is at its highest level since 2001. ©This gives US authorities a lot of opportunities, if necessary, to resist an economic downturn. In addition, Powell made clear that the labor market has become at least as important to the Fed as it was a year ago, when the focus was on inflation. 📊In response to Powell's speech, US stocks jumped, Treasury yields fell, and the dollar fell 📌Powered by V3V Ventures

🔴 Market Pulse / 22.08.2024 ↘️ US stocks rolled over Thursday with tech leading the losses as investors turn their focus to a key speech from Fed Chair Jerome Powell on Friday. The Fed's Jackson Hole symposium kicked off Thursday with the market on high alert for any shift in tone from the policymakers when Powell speaks at the event on Friday. 🛠 Initial filings for unemployment benefits were roughly flat last week, reflecting a labor market that is cooling but not rapidly deteriorating as the employment outlook remains in focus ahead of Federal Reserve Chair Jerome Powell's Friday speech. New data from the Department of Labor released Thursday showed 232,000 initial jobless claims filed in the week ending Aug. 17, up from 228,000 the week prior and in line with economists' expectations. Continuing jobless claims rose again to 1.86 million, the highest level since November 2021. 🚲Peloton shares popped more than 33%, putting the connected fitness company on pace for its best day on record. The gains came after the company posted its first sales increase in nine quarters as it implements its turnaround plan. Peloton topped revenue estimates and posted a smaller-than-expected loss of 8 cents per share. Earlier this year, the company announced a restructuring plan as it looks to bounce back from a post-pandemic slump. The company reached all-time highs in 2021 as lockdowns forced customers to work out from home. 📱 Zoom Video Communications posted better-than-expected fiscal second-quarter earnings and issued guidance for fiscal 2025 that also came in higher than forecasts. Zoom Video said during the second quarter it “saw strength in large accounts, with customers contributing more than $100,000 in trailing 12 months revenue increasing by 7.1% year over year.” Shares of the videoconferencing company rose 13%. S&P Movers: 📈Franklin Resources +5% 📈Nordson Corp +3% 📈Centerpoint Energy +3% 📉Moderna -7% 📉Intel -6% 📉Tesla -6% Market Data 📉S&P 500 -0.9% 📉NASDAQ -1.7% 📈STOXX 600 +0.4% 📈DAX +0.2% 📉SHANGHAI -0.3% 📈NIKKEI +0.7% 🥇 GOLD -1.1% 💛 BTC -0.7% 😱  VIX +7.9% 📌Powered by V3V Ventures

🦠5 Stocks To Watch As Monkeypox Cases Rise Around The World 🙈 A new variant of mpox has spread rapidly in Africa, prompting the World Health Organization to declare mpox a global public health emergency last Wednesday. 🙈 Europe's disease prevention agency said on Friday more imported cases will appear in the region, a day after Sweden reported its first case of mpox linked to the new strain. 🙈 Today Thailand has confirmed Asia’s first known case of a more contagious and deadlier version of the mpox virus. 🔖Here is the list of monkeypox-related stocks to score the most in this situation. Mpox Testing Stock ⏺Virax Biolabs Group (VRAX) Mpox Vaccine Makers ⏺GeoVax Labs (GOVX) ⏺Applied DNA Sciences (APDN) ⏺Tonix Pharmaceuticals (TNXP) Mpox Treatment Stock ⏺Emergent BioSolutions (EBS) 📌Powered by V3V Ventures

🟢 Market Pulse / 21.08.2024 ↗️ The S&P 500 advanced Wednesday after a summary of the Federal Reserve’s policy meeting last month reinforced hope for lower rates in the near future. Those moves came as Fed officials said a decrease to the borrowing cost during the September policy meeting was increasingly likely, according to minutes from the July gathering released Wednesday afternoon. 🗣️The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority" of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.” Wall Street traders had already considered it a certainty that the Fed will announce its first interest rate cut in four years when it meets in mid-September, according to futures prices. A lower Fed benchmark rate would lead eventually to lower rates for auto loans, mortgages and other forms of consumer borrowing and could also boost stock prices. 💸Shares of Chinese e-commerce giant JD com plunged 10% on Wednesday in Hong Kong after U.S. retailer Walmart confirmed it will sell its stake in the Chinese firm. The decision to sell its stake will allow the company to focus on strong China operations for Walmart China and Sam’s Club, and deploy capital towards other priorities.” Walmart entered into a strategic alliance with the Chinese company in June 2016, with the U.S. retailer taking a 5% stake in JD com back then. 🎯Target shares added 11% as company beat Wall Street’s earnings and revenue expectations on Wednesday. Sales at the discounter grew as shoppers made more visits to Target’s stores and website and bought more discretionary items like clothing. Yet, the retailer struck a cautious note, saying it expects comparable sales for the full year to be in the lower range of its guidance. S&P Movers: 📈Keysight Technologies +14% 📈Target +11% 📈TJX Companies +6% 📉Franklin Resources -13% 📉American Express -3% 📉Cooper Companies -2% Market Data 📈S&P 500 +0.4% 📈NASDAQ +0.6% 📈STOXX 600 +0.3% 📈DAX +0.5% 📉SHANGHAI -0.4% 📉NIKKEI -0.3% 🥇 GOLD -0.1% 💛 BTC +3.2% 😱  VIX +2.5% 📌Powered by V3V Ventures

🛢 Oil Could Fall To $68 Per Barrel in 2025 📈According to Goldman Sachs analysts, Brent could fall in price to $68 per barrel by the end of 2025 if oil demand in China remains unchanged. China is one of the largest oil importers in the world. On Wednesday, August 21, Brent oil is trading near $77.5 per barrel. If Goldman Sachs' forecast comes true, oil prices could lose about 12% from current levels. 🇨🇳Data released last week showed China's economy slowed in July, with new home prices falling at the fastest pace in nine years, industrial production slowing and unemployment rising. ✂️Chinese refineries sharply cut crude processing rates last month in response to weak fuel demand. All this has increased concerns about oil demand from China. In addition, in the first seven months of 2024, China's oil imports amounted to 10.89 million barrels per day, down 2.4% from the same period the previous year. 🛢The slowdown in oil demand growth in China is mainly due to a shift from oil to electricity (via electric vehicles) and liquefied natural gas (LNG) as fuel for road transport 📌Powered by V3V Ventures

🔴 Market Pulse / 20.08.2024 ↘️ U.S. stock indexes finished lower on Tuesday as the S&P 500 and the Nasdaq Composite snapped a multisession rally after equities bounced back from a steep selloff earlier this month. Tuesday’s declines ended the eight-day winning streak for both the S&P 500 and Nasdaq. The modest selloff also interrupted what would have been the longest winning streak for the S&P 500 in 20 years, according to Dow Jones Market Data. 🥇 Gold prices extended their recent rally on Tuesday, with the precious metal trading above $2,545 per ounce as investors anticipate a September rate cut from the Federal Reserve. Gold, which typically does well in low-interest-rate environments as it does not produce an annual yield, has also seen an uptick in prices amid sticky inflation, along with heightened geopolitical risks and political uncertainty. Notably, with prices now firmly above $2,500 an ounce, one bar of gold costs more than 1 million dollars. 📺 Netflix stock just hit an all-time high. On Tuesday, shares of the streaming giant soared past their 2021 record intraday high of $701 to trade around $710. The moves come as investors applaud the company's foray into live sports while its ad-supported tier continues to gain traction, with the company revealing in a blog post that it secured "a 150% plus increase in upfront ad sales commitments over 2023." Upcoming movies and series like "Happy Gilmore 2" and "Squid Game 2," along with the recent acquisition of live sports content like the NFL Christmas Day games and WWE Raw, which will kick off in January 2024, have fueled the success of those ad partnerships. ⚒ Lowe's cut its annual profit and sales forecasts on Tuesday, echoing bigger rival Home Depot's concerns of a slim chance of a recovery in home improvement demand this year.The U.S. Federal Reserve was expected to cut interest rates earlier this year, but insufficient proof of easing inflation thus far has kept the rates high, which is affecting home sales, and consequently demand for expensive renovation projects. S&P Movers: 📈Palo Alto Network +7% 📈Darden Restaurants +4% 📈PayPal +4% 📉Insulet Corp -7% 📉DexCom -6% 📉Valero Energy -5% Market Data 📉S&P 500 -0.2% 📉NASDAQ -0.3% 📉STOXX 600 -0.5% 📉DAX -0.4% 📉SHANGHAI -0.9% 📈NIKKEI +1.8% 🥇 GOLD +0.4% 💛 BTC -1.5% 😱  VIX +8.4% 📌Powered by V3V Ventures

🥇 Gold Exceeded $2,560 Per Ounce For The First Time In History ⚡️On August 19, Bloomberg noted that the price of a standard 400-ounce gold bar exceeded a million dollars for the first time in history. Since the beginning of 2024, gold has risen in price by 20%. 🔊The price of gold has been rising for several days. In the last week alone, the price has increased by 3.3%. The growth is associated with the upcoming Symposium of central bankers, which will be held on August 22–24 in Jackson Hole, America. US Federal Reserve Chairman Jerome Powell will speak there. Investors are expecting that Powell may make a statement regarding the timing of the transition to lower interest rates, and these expectations are already negatively affecting the dollar, while simultaneously increasing demand for gold. 🔊The price of the precious metal is also affected by stable demand from the Chinese jewelry industry and the fact that central banks of developing countries continue to increase the share of gold in their international reserves. An unstable geopolitical situation increases the risks of investing in developing country assets and commodities, but gold is an exception to the rule as the most reliable and time-tested asset, especially against the backdrop of significantly decreased investor confidence in the dollar 📌Powered by V3V Ventures

🟢 Market Pulse / 19.08.2024 ↗️ US stocks closed at session highs on Monday after posting their best week in a year as the markets continued to rally in a sharp turnaround from their early August sell-off. Stocks rose following last week's strong gains as a measure of calm returns to a market previously whipsawed by worries about a potential recession. Last week's rally recouped the losses stacked up in an early August sell-off as Wall Street fretted about cracks in the economy — concerns that have since been eased by encouraging inflation and consumer spending data. 📊Treasury 10-year yields fell one basis point to 3.87%. The dollar hit the lowest since March. Oil sank about 3%. Secretary of State Antony Blinken said Israeli Prime Minister Benjamin Netanyahu has accepted a cease-fire proposal for Gaza and “the next important step is for Hamas to say yes.” 🔼AMD shares rose about 5% early Monday after the company announced plans to acquire hyperscale solutions provider ZT Systems in a deal valued at $4.9 billion. The deal comes as AMD looks to broaden its AI infrastructure in order to compete with market leader Nvidia. Shares of AMD are up just over 2% since the start of the year while Nvidia shares have soared about 150%. Nvidia will report second quarter earnings next week. 🔼Shares of sports streamer fuboTV rallied another 15% on Monday following a Friday ruling that temporarily blocked the launch of Venu Sports, the upcoming sports streaming service from Disney's ESPN, Warner Bros. Discovery and Fox. US District Judge Margaret Garnett determined in her ruling that the launch of the joint venture would substantially lessen competition and restrain trade. S&P Movers: 📈EQT +5% 📈AMD +5% 📈Darden Restaurants +4% 📉HP Inc -4% 📉Starbucks -3% 📉Domino's Pizza -2% Market Data 📈 S&P 500 +1.0% 📈 NASDAQ +1.5% 📈 STOXX 600 +0.6% 📈 DAX +0.5% 📈 SHANGHAI +0.5% 📉 NIKKEI -1.8% 🥇 GOLD +0.2% 💛 BTC -0.5% 😱  VIX -1.0% 📌Powered by V3V Ventures

🇺🇸US Earnings Season Continues According to FactSet, 95% of the S&P500 companies reported so far: ⏺ 79% beat EPS expectations, still above the 5-year average of 77% and above the 10-year average of 74% ⏺ 60% beat revenue expectations, still below the 5-year average of 68% and below the 10-year average of 64% 🔔 Key earnings this week: Monday: Estee Lauder, Palo Alto Networks Tuesday: Lowe's, Medtronic, Toll Brothers, Xpeng, Coty, Futu Wednesday: Target, Macy's, Zoom, Snowflake, Analog Devices, Synopsys, Urban Outfitters Thursday: Baidu, Peloton, Intuit, Advanve Auto Parts, Canadian Solar Friday: - 📌Powered by V3V Ventures

🗓 Coming Up Next Week Monday 19.08 ⏺Earnings reports Estee Lauder, Palo Alto Networks Tuesday 20.08 ⏺China LPR ⏺Germany PPI, Eurozone CPI ⏺Earnings reports from Lowe's, Medtronic, Toll Brothers, Xpeng Wednesday 22.08 ⏺FOMC minutes ⏺Earnings reports from Target, Zoom, Macy's, Snowflake, Analog Devices Thursday 22.08 ⏺Japan, Germany, Eurozone, UK, US PMIs ⏺Jackson Hole Symposium Day 1 ⏺Earnings reports from Baidu, Peloton, Intuit, Canadian Solar Friday 23.08 ⏺Japan CPI ⏺US Home Sales ⏺Jackson Hole Symposium Day 2 📌Powered by V3V Ventures

🌐 Weekly Market Review 18.08.24 🇺🇸 USA 🔼S&P 500 +3.9% 🔼DOW JONES +2.9% 🔼NASDAQ +5.3% 🇪🇺 EUROPE 🔼STOXX 600 +2.5% 🔼DAX +3.4% 🔼FTSE 100 +1.8% 🇭🇰🇨🇳🇯🇵 ASIA 🔼HANG SENG +2.0% 🔼SHANGHAI +0.6% 🔼NIKKEI 225 +8.7% 🛢🥇 NON-STOCK 🔼BRENT -0.3% 🔼GOLD +2.4% 🔼BITCOIN -1.6% 🔼VIX -27% ⭐️ KEY DRIVERS ⏺The major U.S. stock indexes recorded their strongest weekly gains of 2024. The NASDAQ surged more than 5%, the S&P 500 added 4%, and the Dow rose 3%. Following the comeback this week, the S&P 500 is now just 2% away from its mid-July record high. Data this week helped assuage a jittery market. Retail sales data released Thursday came in much stronger than economists expected, while weekly jobless claims fell. Both offered evidence that recession fears, which helped spark a global sell-off earlier this month, were overblown. Inflation readings released earlier this week also bolstered hopes that a soft landing scenario was still possible. ⏺In the 12 months through July, the PPI increased 2.2% after climbing 2.7% in June. It increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing power for businesses, evidence of waning inflation pressures that reinforced hopes of an interest rate cut next month.  Consumer prices increased 2.9% year-over-year, down from 3% in June and the lowest reading since March 2021. So-called core inflation, which strips out food and energy from the headline number, advanced 0.2% on the month, also in line with expectations. Retail sales increased 1% in July, far surpassing an estimate from Dow Jones that forecast a 0.3% uptick. Also separately, weekly jobless claims fell for the week. The data served as a boon to investors and a broader market trying to mount a comeback from an August rout tied to concerns about a slowing economy that arose following July’s disappointing jobs report on Aug. 2. ⏺According to fresh monthly report by OPEC, for the first time this year it lowered forecast for oil demand growth in 2024 and 2025. OPEC+ countries increased oil production in July and exceeded the plan taken into account of all voluntary reductions. Still Brent ended the week at low point as Chinese data showed declining imports and refinery input demand suggested that a further slowdown in the Chinese economy will weigh on total global demand. ⏺The CBOE Volatility Index (VIX) known as Wall Street’s ‘fear gauge’ has dropped back below 15, after spiking above 65 during last week’s sell-off. The seven trading sessions it took the VIX to return to its long-term median of 17.6 is the index’s quickest ever drop from 35, a level associated with a high degree of fear. Below 20 is a normal reading suggesting a risk-on bias in markets. On the other hand, a reading above 20 is a bearish indicator, reflecting heightened levels of fear and uncertainty. ⏺Major retail companies reported results as quarterly earnings season neared an end. As of Friday, analysts were expecting S&P 500 companies overall to post a 10.9% second-quarter earnings increase compared with the same quarter a year earlier, according to FactSet. While that figure was down modestly from expectations a couple weeks earlier, it was well above analysts’ 8.9% forecast entering earnings season in early July. 📌Powered by V3V Ventures

🚀Shares of Starlink Competitor Soared 50% On The News of Satellite Launch 📈 Shares of the American satellite manufacturer AST SpaceMobile grew by 47% over the week and reached a new all-time high. As a result, the company's market value exceeded $5 billion. 📡 AST SpaceMobile shares rose sharply after the company confirmed plans to launch the first commercial satellites into orbit in early September. AST SpaceMobile President Scott Wisniewski also said the company plans to begin operating its satellites by the end of the year. AST is working on 17 more satellites, the first of which is scheduled to launch into space in early 2025. The FCC has granted AST SpaceMobile a space operations license. 📊 In addition, AST SpaceMobile published a financial report for the second quarter of 2024 on August 14, after the close of trading. The presented figures were below analysts’ expectations. For example, the company's revenue for the specified period amounted to $900 thousand, and the net loss reached $72.6 million. Nevertheless, analysts at UBS Bank expressed optimism regarding the shares of AST SpaceMobile. They expect the company's earnings to grow significantly in 2026. 📌Powered by V3V Ventures

🇳🇴Norwegian Sovereign Wealth Fund Made a $138 Billion Profit ln The First Half Of The Year 💵Norwegian sovereign wealth fund, the world's largest sovereign wealth fund, reported a first-half profit of $138 billion. A year earlier, the fund's profit was $143 billion. 🔼The fund's main source of profit remains shares of technology companies. The return on shares previously acquired by the fund was 27.9%, the total return on investment for the first half of 2024 was 8.6%. As noted in the report, the development of the technology sector is supported by strong demand for new solutions in the field of artificial intelligence from major Internet and software companies, as well as semiconductor suppliers. ✂️However, the sovereign wealth fund reduced its stakes in Meta from 1.22% to 1.18% and in Dutch semiconductor maker ASML from 2.61% to 2.54%. Both companies are among the top 10 assets of the Norwegian Sovereign Fund. 📌Powered by V3V Ventures

🟢 Market Pulse / 16.08.2024 ↗️ US Stocks secure best week of the year, reversing early August sell-off on macro positive week. ✂️Following the positive data, investors have also now pared back some of their more dramatic bets on rate cuts from the Federal Reserve this year. Data from the CME Group now shows investors placing 66% odds on the Fed cutting rates by 0.25% next month; odds of a 0.50% rate cut now stand at 33%. During the market's most turbulent moments last week, there was almost a near-certainty that a 0.50% cut would be warranted. The next key update from investors on the rates front will come next Friday when Fed Chair Jay Powell is set to speak before the annual Jackson Hole Symposium. 🔼Fubo stock surged as much as 22% on Friday after a judge issued an injunction blocking the launch of Venu, the sports streaming venture between Disney, Warner Bros., and Fox that was set to debut later this month. Fubo had sued to block the platform back in February, arguing the venture would lead to "the extreme suppression of competition in the US sports-focused streaming market. Friday's ruling potentially keeps Venu from launching this year, particularly notable given the accelerated launch of the service would've made it available in time for football season, with ESPN and Fox both having NFL rights and the rights to the SEC and Big Ten, the two biggest college football conferences, respectively. 🔼H&R Block shares headed for their best day in more than two years. The tax services provider jumped more than 12% after fiscal fourth-quarter results topped Street estimates, it raised its dividend and authorized a $1.5 billion buyback. H&R Block also issued a fiscal 2025 forecast reflecting another year of revenue growth. 🇯🇵Japan stocks led gains in Asia on Friday to notch their best week in four years, after Wall Street rallied overnight as fresh economic data eased recessionary fears. The Nikkei 225 jumped 3.64% to cross 38,000 for the first time since Aug. 1. On a weekly basis, the index was up 8.67%, its highest gain since April 2020, according to FactSet data. Japan’s broader Topix, gained 2.99% to close at 2,678.6, also clocking its best week since 2020 — up 7.86%. 🇨🇳 The People's Bank of China announced additional measures to stimulate GDP growth. That means intensifying efforts to effectively implement the monetary and financial policies that PBOC has been following since this year. China's economy is struggling to recover from its worst period in five quarters. The latest data from China's $17 trillion economy shows an overall loss of dynamism and signs of deterioration. S&P Movers: 📈Dexcom +3% 📈Ulta Beauty +3% 📈Tapestry +3% 📉Amcor -4% 📉Chipotle Mexican Grill -3% 📉Palo Alto -3% Market Data 📈 S&P 500 +0.2% 📈 NASDAQ +0.2% 📈 STOXX 600 +0.3% 📈 DAX +0.8% 📈 SHANGHAI +0.1% 📈 NIKKEI +3.6% 🥇 GOLD +2.2% 💛 BTC +1.1% 😱  VIX -2.8% 📌Powered by V3V Ventures

🇨🇳The People's Bank of China Announced Additional Measures To Stimulate GDP Growth That means intensifying efforts to effectively implement the monetary and financial policies that PBOC has been following since this year. 📊 China's GDP growth rate in the second quarter of 2024 slowed down and was the lowest since January-March 2023. Economic growth in April–June 2024 was 4.7% in annual terms, compared to 5.3% in January–March. 🔴 China's economy is struggling to recover from its worst period in five quarters. The latest data from China's $17 trillion economy shows an overall loss of dynamism and signs of deterioration. According to data published on June 15, investment in fixed assets in the first seven months of 2024 grew by 3.6% year-on-year - slower than expected. 🏠The downturn in China's housing market also shows no signs of turning around, with 48 million unfinished homes threatening to prolong the crisis. The head of PBOC admitted that the down payment ratio on mortgages has fallen to a record low of 15% and interest rates are also very low. 📌Powered by V3V Ventures

🟢 Market Pulse / 15.08.2024 ↗️ US stocks closed sharply higher on Thursday, with the Dow posting its best day in a week after strong retail-sales data put fears of a looming recession at ease. 📊 Retail sales increased 1% in July, far surpassing an estimate from Dow Jones that forecast a 0.3% uptick. Also separately, weekly jobless claims fell for the week. The data served as a boon to investors and a broader market trying to mount a comeback from an August rout tied to concerns about a slowing economy that arose following July’s disappointing jobs report on Aug. 2. Dow logs best day in a week, S&P 500 turns positive for August 💵 US government debt sold off on Thursday, sending most yields higher, after a stronger than expected retail-sales report for July soothed concerns about the risk of an impending recession. The yield on the 2-year Treasury jumped 15 basis points to 4.099%, from around 3.949% on Wednesday. It was the largest one-day gain since April 10 and highest closing level since Aug. 1 🛒Walmart’s second-quarter earnings report, which led to a 6.4% jump in its stock during normal trading hours, reveals strong financial results. The company reported revenue of $169.3 billion. Additionally, Walmart saw an 8.5% rise in operating income. This performance underscores Walmart’s continued strength in both physical stores and eCommerce. 📶 Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates. S&P Movers: 📈Ulta Beauty +11% 📈Albemarle +9% 📈Super Micro Comp +9% 📉Fair Isaac -4% 📉MarketAxess -3% 📉AT&T -3% Market Data 📈 S&P 500 +1.6% 📈 NASDAQ +2.3% 📈 STOXX 600 +1.2% 📈 DAX +1.7% 📈 SHANGHAI +0.9% 📈 NIKKEI +0.8% 🥇 GOLD +0.5% 💛 BTC -2.5% 😱  VIX -5.8% 📌Powered by V3V Ventures

⚡️Cisco Cuts Thousands Of Jobs As It Shifts Focus To AI And Cybersecurity 📶 The networking equipment maker said in June this year it would invest $1 billion in tech startups to develop robust AI products. The company also announced a partnership with Nvidia to develop infrastructure for AI systems. 📊Cisco Systems Inc. said Wednesday it earned $2.16 billion, or 54 cents per share, in its fiscal fourth quarter that ended July 27, down 45% from $3.96 billion, or 97 cents per share, in the same period. period a year earlier. Revenue fell 10% from $15.2 billion to $13.64 billion. 👨‍💻 Cisco's layoffs come just two weeks after chipmaker Intel announced it would cut about 15,000 jobs as it tries to rebuild its business to compete with more successful Nvidia and AMD. Intel's quarterly earnings report disappointed investors and its shares fell sharply after the announcement. By contrast, Cisco shares were up about 6% in after-hours trading Wednesday. 👋 In February 2024, Cisco cut about 4 thousand jobs due to the worsening situation in the technology sector. 📌This channel is owned by V3V Ventures

🟢 Market Pulse / 14.08.2024 ↗️ US stocks went for back to back gains as easing inflation bolsters rate cut hopes. Consumer prices increased 2.9% year-over-year, down from 3% in June and the lowest reading since March 2021. So-called core inflation, which strips out food and energy from the headline number, advanced 0.2% on the month, also in line with expectations. The report comes a day after lighter-than-expected wholesale inflation figures gave stocks a boost. Such data opens the door wider for the Federal Reserve to cut interest rates next month. 😬The CBOE Volatility Index (VIX) known as Wall Street’s ‘fear gauge’ has dropped back below 18, after spiking above 65 during last week’s sell-off. The seven trading sessions it took the VIX to return to its long-term median of 17.6 is the index’s quickest ever drop from 35, a level associated with a high degree of fear. Below 20 is a normal reading suggesting a risk-on bias in markets. On the other hand, a reading above 20 is a bearish indicator, reflecting heightened levels of fear and uncertainty. 🍬 Family-owned candy giant Mars is buying Cheez-It maker Kellanova in a nearly $36 billion deal, bringing together brands from M&M's and Snickers to Pringles and Pop-Tarts in the year's biggest deal to date. Mars said on Wednesday it will pay $83.50 per share for Kellanova representing about a 33% premium to its closing price on Aug. 2. Before Reuters first reported that Mars was exploring a deal for the maker of frozen breakfast foods, such as Morningstar Farms and Eggo 👙Victoria’s Secret shares surged more than 16% after the retailer announced the appointment of former Savage X Fenty CEO Hillary Super as the company’s CEO, effective Sept. 9. The company also provided preliminary second-quarter results, with adjusted operating income and adjusted diluted earnings per share coming in at a range above prior guidance. S&P Movers: 📈Kellanova +8% 📈Progressive Corp +5% 📈Allstate Corp +5% 📉Albemarle Corp -6% 📉Etsy -5% 📉Tesla -3% Market Data 📈 S&P 500 +0.6% 📈 NASDAQ +0.1% 📈 STOXX 600 +0.5% 📈 DAX +0.4% 📉 SHANGHAI -0.6% 📈 NIKKEI +0.6% 🥇 GOLD -0.9% 💛 BTC -2.5% 😱  VIX -10.7% 📌This channel is owned by V3V Ventures

🔼Nvidia Market Cap Grew By $424 bln In Four Days After Huge Decline 🕯 Nvidia market value fell by $900 billion after a massive stock sell-off on August 5. The historic decline erased the company's record capitalization, but now there are signs that the worst is over. Now the rebound in Nvidia stock has lifted the market, too: It accounted for about 22% of the S&P 500's four-day gain, more than double the contribution of any other stock. 📊However, Nvidia shares are still down 14% from their record price reached on June 18th. On that day, the company took first place in terms of capitalization in the world, overtaking Microsoft. The rally in Nvidia stock caught options sellers, who had been betting on big losses for the company, by surprise. The cost of protecting against a 10% decline over 60 days was near the highest since May 2023, compared with contracts that provide for gains on a 10% rise. 🔔 A 17% rise in Nvidia shares in just a few days won't allay the investor concerns that led to the sell-off. They are still wary of the U.S. economy and the plans of technology companies that want to pour hundreds of billions of dollars into artificial intelligence over several years without expecting a profit. However, now, amid the recession, a huge number of investors are interested in the company, and hedge funds may open a position in the shares ahead of Nvidia quarterly report, which will be published at the end of August. In reports already published Nvidia biggest customers such as Microsoft, Amazon, Alphabet and Meta have said they plan to invest billions of dollars in AI infrastructure 💲NVDA💲 Current price - $115.97 YTD Perf - up 134.18% Wall Street Target Price - 139.79 Buy/Hold/Sell - 56/5/0 📌Powered by V3V Ventures

🟢 Market Pulse / 13.08.2024 ↗️ U.S. indexes comfortly rose on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in September. Investors now await all-important consumer-price figures for July on Wednesday and retail sales data on Thursday to firm bets on an aggressive rate cut by the U.S. central bank. 📊 In the 12 months through July, the PPI increased 2.2% after climbing 2.7% in June. It increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing power for businesses, evidence of waning inflation pressures that reinforced hopes of an interest rate cut next month. This report also showed favorable readings for most of the components that go into the calculation of the personal consumption expenditures (PCE) price indexes, the inflation measures tracked by the Federal Reserve for monetary policy. Moderating inflation should allow the U.S. central bank to focus more on the labor market. 🇯🇵Japan’s major indexes rose sharply on Tuesday, as trading in the country’s stocks resumed after a holiday, amid a broader rise in Asia-Pacific markets. Japan’s benchmark Nikkei 225 jumped 3.45%, breaching the 36,000 level for the first time since Aug. 2. The momentum was largely driven by the country’s technology and financial sectors, with Rakuten Group and Trend Micro leaping 9.22% and 6.37%, respectively. The country’s parliament plans to hold a special session next week to discuss the Bank of Japan’s decision to raise interest rates last month, Reuters reported, citing government sources. ☕️Starbucks stock shot up 25% after the coffee chain ousted CEO Laxman Narasimhan effective immediately and replaced him with Chipotle CEO Brian Niccol, who will step in Sept 9. Three Wall Street firms already upgraded Starbucks stock after the news. Shares of Chipotle shed 8% on Niccol’s departure. 🛠 Shares of Home Depot Inc. reversed into the green on Tuesday, after the home improvement retail giant reported fiscal second-quarter comparable sales that were worse than forecasts, but implied that lower interest rates could spark interest in large projects. The company also provided a downbeat full-year outlook for profit and lowered its outlook for comparable sales growth, but raised its growth guidance for total sales. S&P Movers: 📈Starbucks +25% 📈Estee Lauder +7% 📈Nvidia +7% 📉Chipotle Mexican Grill -7% 📉Baxter International -7% 📉EQT -4% Market Data 📈 S&P 500 +1.7% 📈 NASDAQ +2.4% 📈 STOXX 600 +0.5% 📈 DAX +0.5% 📈 SHANGHAI +0.3% 📈 NIKKEI +3.5% 🥇 GOLD +0.1% 💛 BTC +3.7% 😱  VIX -11.7% 📌Powered by V3V Ventures

🖥 Long Big Tech Is Still Top Trade Despite Volatility - BofA Survey ⏺ According to fresh Bank of America poll, in the first week of August international managers left stocks for bonds and cash, though long bets on the Magnificent Seven tech stocks remained the most crowded trade ⏺The survey, which canvassed 189 participants with $508 billion in assets, showed most still expect a soft landing for the global economy, but expect a significant slowdown on the yearly horizon. US recession replaced geopolitical conflict as the biggest tail risk ⏺Allocation to equities fell to a net 11% overweight — the biggest month-over-month decline since September 2022 ⏺The biggest regional equity allocation was to US equities, while exposure to Japanese stocks saw the largest one-month drop since April 2016 📌Powered by V3V Ventures

🟢 Market Pulse / 12.08.2024 ↗️ US stocks closed mixed on Monday as investors look ahead to a week full of key economic data, highlighted by CPI on Wednesday. Though the major indexes practically ended last week where they had started, it didn't come without volatility throughout the week. Strategists say that is likely to continue — and this week comes with plenty of opportunities. After Wednesday CPI here come two key signals on the state of the US consumer on Thursday: a reading on July's retail sales and Walmart earnings. 💰KeyCorp shares surged Monday morning after the bank announced a $2.8 billion investment from the Bank of Nova Scotia. Scotiabank will acquire about 163 million shares by the first quarter of 2025 after the companies receive regulatory approval. Cleveland-based KeyCorp called the investment a "unique opportunity to raise capital on attractive terms." 🛢Oil prices settled up more than 3% on Monday as Israel braces for a potential Iranian attack following the assassination of Hamas leader Ismail Haniyeh in Tehran. The looming threat of a broader conflict in the Middle East, a region that holds over half of the world’s oil reserves, has rattled markets, sending crude prices higher. Oil markets are bracing for potential disruptions to supply chains if hostilities escalate. 🛢 OPEC published fresh monthly report. For the first time this year, OPEC lowered forecast for oil demand growth in 2024 and 2025. OPEC+ countries increased oil production in July and exceeded the plan taken into account of all voluntary reductions S&P Movers: 📈Keycorp +9% 📈Super Micro Computer +6% 📈Nvidia +4% 📉Albemarle -7% 📉Solventum -5% 📉Walgreens Boots Alliance -5% Market Data 📈 S&P 500 +0.0% 📈 NASDAQ +0.2% 📈 STOXX 600 +0.0% 📈 DAX +0.0% 📉 SHANGHAI -0.1% 📈 NIKKEI +0.6% 🥇 GOLD +1.6% 💛 BTC -0.5% 😱 VIX +1.2% 📌Powered by V3V Ventures

🇺🇸US Earnings Season Continues According to FactSet, 91% of the S&P500 companies reported so far: ⏺ 78% beat EPS expectations, still above the 5-year average of 77% and above the 10-year average of 74% ⏺ Collectively companies are reporting earnings this season averaging 4.5% above forecasts, below the 5-year average of 8.6% and below the 10-year average of 6.8%. 🔔 Key earnings this week: Monday: Barrick Gold Tuesday: Home Depot, Paysafe Wednesday: UBS, Cardinal Health, Cisco Thursday: Alibaba, Applied Materials, Walmart, JD, John Deere Friday: Flowers Floods 📌Powered by V3V Ventures

🗓 Coming Up Next Week Monday 12.08 ⏺Japan - markets closed ⏺OPEC weekly report ⏺Earnings reports Barrick Gold Tuesday 13.08 ⏺US, Japan PPI ⏺Earnings reports from Paysafe, Home Depot Wednesday 14.08 ⏺US, UK CPI ⏺Eurozone GDP ⏺Earnings reports from Cisco, Cardinal Health, UBS Thursday 15.08 ⏺Japan, UK GDP ⏺US Initial Jobless Claims ⏺US Retail Sales ⏺US, China Industrial Production ⏺Earnings reports from Alibaba, Applied Materials, Walmart, Coherent, JD Friday 16.08 ⏺US Housing Starts ⏺Earnings reports from Flowers Foods 📌Powered by V3V Ventures

🌐 Weekly Market Review 11.08.24 🇺🇸 USA 🔽S&P 500 -0.1% 🔽DOW JONES -0.6% 🔽NASDAQ -0.2% 🇪🇺 EUROPE 🔼STOXX 600 +0.3% 🔼DAX +0.3% 🔽FTSE 100 -0.1% 🇭🇰🇨🇳🇯🇵 ASIA 🔼HANG SENG +0.9% 🔽SHANGHAI -1.5% 🔽NIKKEI 225 -2.5% 🛢🥇 NON-STOCK 🔼BRENT +4.7% 🔼GOLD 0% 🔼BITCOIN -3.0% 🔼VIX -13% ⭐️ KEY DRIVERS ⏺World indexes experienced the most volatile week of 2024 and ended nearly flat. On Monday world indexes suffered horrible losses on fears about a recession in the United States after the employment report for July did not live up to expectations. In addition, investors were concerned that the US Federal Reserve is in no hurry to lower interest rates. The Stoxx Europe 600 index experienced its biggest drop since March 2022 on August 5, down 3.2%. In Asia, the fall in Japanese stock indices was the largest since Black Monday in 1987. The CBOE Volatility Index (VIX) reached 65.07 points – the most since COVID. However, the major averages mounted a comeback, with Thursday's encouraging weekly jobless claims number helping alleviate investors' concerns about the U.S. economy. ⏺On Thursday S&P 500 hit its best day since 2022 adding 2.3% on positive labor market data. The latest weekly jobless claims came in below forecasts, helping to allay some recent concerns on the strength of the labor market. First-time filings for jobless benefits came in at 233,000 last week, down 17,000 from the previous week and lower than the Dow Jones estimate for 240,000, the Labor Department reported Thursday. The report comes with Wall Street on edge amid signs that job growth is slowing and even signaling a potential recession on the horizon. The 10-year Treasury yield traded above 4% following the jobless claims data, a level seen before the disappointing July jobs report Friday sent markets reeling ⏺US crude oil gained more than 4% for the week as recession fears have eased and the risk of a wider war in the Middle East that could disrupt production and transportation looms over the market. The West Texas Intermediate contract for September rose 0.85% for the session to settle at $76.84 per barrel. The Brent October contract gained 0.63% to settle at $79.66 per barrel. ⏺Bank of Japan Deputy Governor Shinichi Uchida sent a strong dovish signal in the wake of historic financial market volatility in Japan by pledging to refrain from hiking interest rates when the markets are unstable. The yen weakened by more than 2% against the dollar, bond futures spiked higher and stocks rebounded immediately after his comments, which were the first public remarks by a BOJ board member since the bank raised rates on July 31. USD/JPY ended week flat. ⏺JPMorgan now sees US recession chance at 35% by end of this year. Its up from 25% as of the start of last month. Analytics kept the odds of a recession by the second half of 2025 at 45%. JPMorgan now sees just a 30% chance of the Federal Reserve and its peers keeping interest rates high for long, compared with a 50-50 assessment as recently as two months back. JPMorgan sees the Fed cutting rates by half a percentage point in September and November as US inflation pressures coming down 📌Powered by V3V Ventures

☕️ Coffee Futures Are Pretty Close To Make Fresh Year High 🔼Futures for September delivery are surging in New York. That’s the last time traders wanting to bring beans into the European Union can buy from New York and London exchanges without concern about the deforestation regulation. Taking delivery of the December contract would be risky because traders may not have enough time to clear it through customs before the law takes effect at year’s end. 💬The EU aims to slash the 10% of global deforestation — and associated loss of biodiversity — linked to its consumption of commodities such as coffee, cocoa, timber and beef. The pending law requires every bean, log and cow entering the region to be traced to their origins, or the bloc will levy hefty penalties. 📊Prices of both the high-end arabica beans and the cheaper robusta variety have already spiked this year due to major supply disruptions from Vietnam to Brazil. 🌐 About 98% of arabica coffee stockpiles are held in ports in Europe, mainly Antwerp. Out of about 800,000 bags, only 15% are considered EUDR-compliant, leaving the rest classified as transition stock subject to penalties after Dec. 30. 📌Powered by V3V Ventures

🙂 Retail Investors Still Buyers Despite Harsh Market Rollercoaster ⏺Retail investors were buyers during latest market volatility, according to various research reports, although they also showed signs of caution. ⏺Vanda Research, a New York-based market research and analysis firm, found that individual investors caught up in the market storm remained net buyers of shares of companies like Nvidia, Intel and AMD. ⏺Robinhood Markets received $1 billion of new cash from retail investor clients in the first week of August. However, the firm's clients were unable to execute orders on Robinhood during overnight sessions, as Blue Ocean ATS, which executes those trades, couldn't handle the "extreme demand" from clients. ⏺A separate report published by analysts at JP Morgan said that retail investors were "aggressive net sellers" on Monday, with most of the selling pressure hitting the market in the first hour of trading. ⏺Both Vanda and JPMorgan said retail investors were resolute buyers during the market's recovery on Tuesday and Wednesday. But Vanda noted on Thursday that retail investors' interest in the iShares 20+ Year Treasury Bond ETF soared during the recovery, making the ETF the second-most-actively purchased security after Nvidia shares by Thursday morning. 📌Powered by V3V Ventures

🟢 Market Pulse / 09.08.2024 ↗️ US stocks inched upward on Friday as the stock market built on its incredible comeback from Monday's violent rout. The broad market index was close to reversing its weekly fall. ℹ️This week marked the most volatile week of 2024 for the market. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022. Disappointing U.S. payrolls data from the prior week and concerns the Federal Reserve was too late with rate cuts were the main culprits for the selling, along with the unwinding of a popular currency trade by hedge funds. However, the major averages mounted a comeback, with Thursday's encouraging weekly jobless claims number helping alleviate investors' concerns about the U.S. economy. 🛢 U.S. crude oil gained more than 4% for the week as recession fears have eased and the risk of a wider war in the Middle East that could disrupt production and transportation looms over the market. The West Texas Intermediate contract for September rose 0.85% for the session to settle at $76.84 per barrel. The Brent October contract gained 0.63% to settle at $79.66 per barrel. 🔼Akamai Technologies reached headed for its best day in more than half a decade after the cloud company's better-than-expected earnings report. Friday's advance comes after the Massachusetts-based company said it earned $1.58 per share, excluding items, on $980 million in revenue for the second quarter. Analysts polled by LSEG expected just $1.53 in earnings per share on $977 million in revenue. 🔽E.l.f. Beauty's stock declined more than 15%, putting the cosmetics company on pace for its worst day since March 2020. The drop came even after the company posted stronger-than-expected fiscal first-quarter results. E.l.f. Beauty posted adjusted earnings of $1.10 per share on $324 million in revenue, topping the 84 cents per share and revenue of $305 million expected by LSEG analysts. The company lifted its guidance, saying it expects sales to range between $1.28 billion and $1.3 billion for fiscal 2025. Analysts polled by LSEG had braced for sales guidance of $1.3 billion. S&P Movers: 📈Akamai Tech +11% 📈Expedia Group +10% 📈Eli Lilly +6% 📉Insulet -9% 📉Intel -4% 📉Las Vegas Sands -3% Market Data 📈 S&P 500 +0.5% 📈 NASDAQ +0.5% 📈 STOXX 600 +0.6% 📈 DAX +0.2% 📉SHANGHAI -0.3% 📈NIKKEI +0.6% 🥇 GOLD +0.2% 💛 BTC -0.5% 😱 VIX -14.4% 📌Powered by V3V Ventures

❗️Analysts See Risk Of A New Stock Market Crash Due To Chinese Yuan 🇨🇳Chinese yuan may become the next currency after the Japanese yen, the strengthening of which will lead to the collapse of world markets. Such a risk may materialize if traders begin to massively curtail transactions using the carry trade strategy with the Chinese currency. 💸This strategy was actively used in Japan, where there was an ultra-loose monetary policy for a long time. But in anticipation of a rate hike, traders were forced to curtail such transactions with the Japanese yen in July. The return of borrowed money to Japan has put pressure on markets around the world. 🔴 Citibank analysts also see potential risks of the yuan strengthening. Experts pointed out that the yuan, even more than the Japanese yen, has become used in carry trade strategies: chinese exporters hold large sums in dollars and companies are reluctant to convert those funds due to higher rates in the US. However, exporters may soon do so as the Fed prepares to cut rates — which could cause big moves in markets, the expert said. 👀 There is also the opposite opinion. Thus, Mizuho Bank sees yen as a very liquid global currency, while exchange rate of the yuan still depends on the Chinese authorities. Japan and China also have different economic problems. While the yen's weakness was due to low interest rates in Japan, the yuan's weakness was mainly due to structural economic factors and serious geopolitical threats. China's economy has not fully recovered since the country emerged from nearly three years of COVID-19 restrictions, so it is more likely that the People's Bank of China will still need to cut rates. 📌Powered by V3V Ventures

🟢 Market Pulse / 08.08.2024 ↗️ US stocks go up as labor-market data calm recession fears. The S&P 500 hit its best day since 2022 adding 2.3%. The blue-chip Dow and tech-heavy Nasdaq were also on track for their best day in over a year. The 10-year Treasury yield traded above 4% following the jobless claims data, a level seen before the disappointing July jobs report Friday sent markets reeling. Also aiding markets Thursday was a weaker Japanese yen versus the U.S. dollar.  📊The latest weekly jobless claims came in below forecasts, helping to allay some recent concerns on the strength of the labor market. First-time filings for jobless benefits came in at 233,000 last week, down 17,000 from the previous week and lower than the Dow Jones estimate for 240,000, the Labor Department reported Thursday. The report comes with Wall Street on edge amid signs that job growth is slowing and even signaling a potential recession on the horizon. Stock market futures, which had been negative earlier, turned sharply positive following the report 🔼Pharmaceutical giant Eli Lilly surged around 9% after posting better-than-expected earnings and raising its full-year outlook on strong demand for diabetes treatment Mounjaro and obesity drug Zepbound. The drugmaker now expects full-year adjusted earnings of $16.10 to $16.60, up from a previous guidance of $13.50 to $14 per share. The company also expects revenue for the year to come in between $45.4 billion and $46.6 billion, an increase of $3 billion at both ends of the range. 🔼Under Armour shares popped 20% during Thursday’s session, putting the athletic apparel company on pace for its best session since October 2018. The gains came after the company posted better-than-expected fiscal first quarter results. Under Armour posted earnings of 1 cent per share on $1.18 billion in revenue. Analysts polled by LSEG estimates an 8-cent loss per share and $1.15 billion in revenue.The company also agreed to settle a securities lawsuit for $434 million. S&P Movers: 📈Monolithic Power +11% 📈Parker-Hannifin +11% 📈Eli Lilly +9% 📉McKesson -11% 📉Monster Beverage -11% 📉Warner Bros Discovery -9% Market Data 📈S&P 500 +2.3% 📈NASDAQ +2.9% 📈 STOXX 600 +0.1% 📈 DAX +0.4% 📈 SHANGHAI +0.0% 📉 NIKKEI -0.8% 🥇 GOLD +1.3% 💛 BTC +5.3% 😱 VIX -13.4% 📌Powered by V3V Ventures

⚠️ JPMorgan Now Sees US Recession Chance At 35% By End Of This Year ⏺Its up from 25% as of the start of last month. Analytics kept the odds of a recession by the second half of 2025 at 45%. ⏺JPMorgan now sees just a 30% chance of the Federal Reserve and its peers keeping interest rates high for long, compared with a 50-50 assessment as recently as two months back. ⏺JPMorgan sees the Fed cutting rates by half a percentage point in September and November as US inflation pressures coming down ⏺Goldman Sachs Group Inc.was the latest before JPMorgan to raise its recession forecast. The bank’s new calculation now sees a 25% probability of a recession in a year 📌Powered by V3V Ventures

🔴 Market Pulse / 07.08.2024 ↘️ US stocks failed to make a steady comeback on Wednesday, though all three of the major averages had been up more than 1% at some point during the session.  Chip stocks led the losses on Wednesday, with AI leader Nvidia falling more than 5%.Europe and Asia stocks finished pretty green. 🇯🇵Bank of Japan Deputy Governor Shinichi Uchida sent a strong dovish signal in the wake of historic financial market volatility in Japan by pledging to refrain from hiking interest rates when the markets are unstable. The yen weakened by more than 2% against the dollar, bond futures spiked higher and stocks rebounded immediately after his comments, which were the first public remarks by a BOJ board member since the bank raised rates on July 31. 🇨🇳China’s exports growth unexpectedly slowed in July, signaling a cooling of global demand that has been propping up growth in the world’s second-biggest economy. Exports rose 7% in July in dollar terms from a year earlier, falling short of economists’ median forecast of a 9.5% gain, according to data from the customs administration Wednesday. Meanwhile, imports beat expectations and expanded 7.2%, narrowing a trade surplus to $84.65 billion from the previous month. 📱 Disney Q2 report showed the entertainment giant turned a profit in its streaming unit for the first time last quarter while the company also raised its full-year earnings forecast. Shares of Disney were down fell more than 4%, however, as investors digested concerns over Disney's park business. 💻 Super Micro stock fell over 20% as margins disappointed and the tech company, which has ridden a wave of AI enthusiasm, also announced a 10-for-1 stock split. As has been the case with other tech names over the past few weeks, investors expressed concern over how Super Micro's role in the global AI buildout will be a near-term profit boost. S&P Movers: 📈Fortinet +25% 📈Axon +18% 📈Global Payments +8% 📉SuperMicroComp -20% 📉Airbnb -13% 📉Charles River Lab -13% Market Data 📉S&P 500 -0.6% 📉NASDAQ -0.8% 📈 STOXX 600 +1.5% 📈 DAX +1.5% 📈 SHANGHAI +0.1% 📈 NIKKEI +1.2% 🥇 GOLD -0.2% 💛 BTC -2.1% 😱 VIX +0.5% 📌Powered by V3V Ventures

⚡️Airbnb Stock Loses 15% After Delivering Weak Booking Outlook 📱 In its Q2 report, the accommodation booking service gave a disappointing forecast about a slowdown in demand from tourists. Airbnb's quarterly revenue increased, while profit decreased compared to last year and was below analysts' expectations ⚠️The service warned of a slowdown in demand for bookings of “nights and experiences.” According to the report, bookings rose 8.7% in the second quarter to 125.1 million, well below analysts' estimates, which had expected growth of 9.8%. 📊 Airbnb's revenue in the second quarter increased by 11% year-on-year, to $2.75 billion. Net income decreased by 15%, to $555 million, or to $0.86 per share. Airbnb said it expects a "sequential slowdown" in bookings in the next quarter. In this case, the upcoming results will disappoint analysts, who had expected growth of 11% taking into account the summer tourist season. Given the forecast, Airbnb's growth rate could be the slowest since 2020. 💬RBC Capital Markets analysts called Airbnb's report disappointing. In their opinion, the service’s forecast will strengthen the market’s opinion of weak consumption. Morningstar analysts noted that Airbnb is not immune to the slowdown in travel demand, but remains a well-positioned brand for the long term. 💲ABNB💲 Current price - $110.86 YTD Perf - down 18.57% Wall Street Target Price - 151.69 Buy/Hold/Sell - 12/25/7 📌Powered by V3V Ventures

🔴 Market Pulse / 06.08.2024 ↗️ S&P 500, Nasdaq lead comeback as stocks snap 3-day market rout. The benchmark had shed around 6% in the past three sessions, but Tuesday's rally helped push year-to-date gains to around 10%. Technology led the stock market's rally on Tuesday, with the sector surging 2.1%, followed by Real Estate, Financials, and Communication Services. Wall Street's "fear gauge" VIX fell back to 2022 levels after touching COVID peak on Monday 🇯🇵Japan’s Nikkei sees best day since October 2008. Japan’s stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets were mostly higher. The Nikkei 225, which saw its largest loss in the previous session since the 1987 Black Monday crash, as well as the broad-based Topix gained over 9%. The rallies in Japan saw both indexes climb back into positive territories for the year so far. 📱Google lost an antitrust case in the US over dominance in the search engine market. A US federal judge has ruled that Google spent billions of dollars on exclusive deals to maintain an illegal monopoly in the search engine market. The trial will now move into the second phase. The US Department of Justice has not yet said what penalties it will seek, but according to the publication, it may focus on limiting Google's ability to enter into the deals at issue in the case. 🔼Shares of the ride-hailing giant Uber rose 11% after the company beat earnings expectations on both the top and bottom lines. It was the sixth consecutive quarter of trip growth above 20%, alongside record profitability. 🔼Similar to Uber, Palantir saw shares rise about 11% on positive earnings results, with the AI software player also lifting its full-year revenue forecast for the second time this year. The company now expects revenue between $2.74 billion and $2.75 billion, up from the prior $2.68 billion to $2.69 billion. S&P Movers: 📈Kenvue +15% 📈Uber +11% 📈Royal Caribbean +8% 📉Henry Schein -8% 📉Albemarle -5% 📉Vulcan Materials -4% Market Data 📈 S&P 500 +1.0% 📈 NASDAQ +1.0% 📈 STOXX 600 +0.3% 📈 DAX +0.1% 📈 SHANGHAI +0.2% 📈 NIKKEI +10.2% 🥇 GOLD -0.5% 💛 BTC +3.1% 😱 VIX -28.2% 📌Powered by V3V Ventures