$Apple(AAPL)$ ended at an 8-month peak of $169.68 on 28/4 (Fri), the highest level since 26/8/22🐂🐂🐂 At its current valuation, 🍎 has a market cap of $2.68 trillion, making it the most valuable company trading on the 🇺🇸 stock exchange. Shares are up 30.6% so far in 2023, almost quadrupling the 7.7% rise in the S&P 500 index, was outperforming the broader market by a wide margin over the same timeframe🥳🥳🥳 ⭐️ I expect 🍎 to follow 🐂-ish earnings reports MSFT, GOOGL, META, & AMZN last week $Alphabet(GOOGL)$ Bullish$Amazon.com(AMZN)$ Bullish$Meta Platforms
🇺🇸 regulators are trying to clinch a sale of $First Republic Bank(FRC)$ over the weekend, with roughly half a dozen banks bidding. ⭐️ Citizens Financial Group Inc, PNC Financial Services Group & JPMorgan Chase & Co are among bidders vying for FRC in an auction process being run by the Federal Deposit Insurance Corp (FDIC), Reuters reported. ⭐️ US Bancorp was also among banks the FDIC had asked to submit a bid, according to Bloomberg. ⭐️ The bidders were asked to give non-binding offers by Friday & were studying FRC’s books over the weekend. 🚨 A deal is expected to be announced before Asian markets open on 1/5, with the regulator likely to say at the same time that it had seized the lender. 🤔💭 How Wil
Hi, tigers! I gonna track meme stocks’ movement every week and inform you of the hottest meme stocks in one week and why did they gain most attention. If you were also interested in meme stocks, follow me and learn the news about short squeeze every Friday! 💖💖I gonna present you the top gainers/losers in meme stocks this week!Market manipulation behind China meme stocks mania?Nate Anderson, the Founder of short seller activist firm Hindenburg Research, believes that market manipulation is the culprit behind the outsized gains of $Zhong Yang Financial Group Ltd(TOP)$, $Magic Empire Global Ltd(MEGL)$ and $AMTD Digital Inc.(HKD)$ .Since last November, Anderson ha
$Meta Platforms, Inc.(META)$ soared today by 14%, but two smaller social media companies, SNAP and PINS, fell after their quarterly reports. In terms of stock performance, META>> PINS > SNAP. In terms of quarterly numbers, $Pinterest, Inc.(PINS)$ exceeded expectations last quarter, while SNAP fell short.Meta's advertising revenue increased by 3% YoY, PINS' increased by 5%, and SNAP's decreased by 7%. The difference is still significant.1.Why did META can deliver a good report after Apple’s privacy terms?For social media platforms, they must rely on self-reliance, which is what Metaverse refers to as "using AI to solve Apple's privacy issues." This is achievable for
Every FOMC, people are always worried about being skewered by market events, so they are not so confident in the trading before the FOMC.But this time it was different. The institution had the answer first:sell $MSFT 20230519 310.0 PUT$10,000 lots of options, which means hundreds of millions of dollars of margin. When I saw the option change the only thing I thought was all in Microsoft. Microsoft reported earnings earlier, and they were surprisingly good. That being said, you don't have to be so aggressive and put the sell put at a lower strike price, like 280 or 260.I want to move on to the other stock observations of the week, which are somewhat subjective.I'm going to make an unpleasant judgment for a
Foreseeing the Unforeseen in $First Republic Bank(FRC)$ 's Bankruptcy In the wake of successfully forecasting First Republic Bank's bankruptcy, I now turn my attention to other financial institutions that may follow suit. One such institution, $PacWest(PACW)$ , raises concerns as it shows signs of further severe damage. The U.S. government's efforts have been commendable in halting a potential banking sector contagion, but its lack of support for shareholders in this crisis does not bode well for the industry as a whole. Consequently, I remain bearish on PACW stock. Troubling Financials: PACW's Q1 2023 Statement and Losses PacWest Bancorp's financial statement for the first quarter of 2023 raises
US MARKET RECAPLast week, all the major index close in green with a deep V-shaped pattern. The blue-chip index, Dow added 0.86%, while the S&P 500 rose 0.87%. The Nasdaq advanced 1.28% as Big Tech earnings took center stage.For April, the Dow gained 2.48% to notch its best monthly stretch since January, while the benchmark index gained 1.46%. The tech-heavy index posted marginal gains.Earnings reports from major tech companies dominated much of last week’s market debate, fueling the narrative that earnings are faring better-than-feared, despite many widespread macroeconomic concerns.So far, a little over half of S&P 500 companies have reported earnings, with more than 79% and about 72% surpassing earnings and sales expectations, respectively. First-quarter earnings are currently on