Chips are must-haves in a client portfolio given trends in EVs, AI and data centres which all need chips. Chip revenues are about half-trillion today, and are expected to doubole by 2030. Buy an any pullback. Also lieks chips because of the cyclical story. After de-stocking, inventories of semis rose which weighed on the semis sectors. But slowly, those inventories are declining. Also, chip demand is closely tied to performance in the manufacturing sector. Watch Wednesday's manufacturing PMI and see if it continues to increase.
A beautiful chart and fundamentals look great.
Elon Musk is in China, and China will allow self-driving cars. Maybe, but probably not Tesla has restored momentum. Unlike Apple, Tesla perhaps is not defensive if you expect choppy markets ahead. Don't short Tesla, but he isn't sure we will return to the 2021 Tesla over the next 6-12 months.
Their quarter disappointed, though he likes the company. Even Haliburton did better. He prefers Cotera.
Here are the Canadian companies listed on Stockchase who are reporting earnings this week: 🚚 Industrials ⚡ Energy 🛢 Basic Materials 👨⚕️ Healthcare 🏛 Financials 🛍 Consumer 💻 Technology 💡 Utilities Use this list wisely to identify buying opportunities.Happy trading… read more
April Market Update:
The US treasury yields advanced strongly due to the escalation in Middle East tensions between Israel and Iran, putting pressure on the global equities market. On the other hand, the US economy grew at a 2.5% annualized rate, a slowdown from 3.4% last quarter, falling below the Fed’s estimate for the first time in two years, posing a dilemma of slow growth and high inflation. The Canadian dollar was 72.95 cents USD. The U.S. S&P500 ended the week flat, while the TSX was up 0.2%.
It was a mixed week of greens and reds. Consumer staples rose 2.9%, while energy and consumer discretionary gained 2.0% each. Financials added 0.6% while real estate edged up by 0.5%. Industrials slid by 0.8%, while materials gave up 0.3%. Technology ended the week flat. The most heavily traded shares by volume were Bank of Nova Scotia, Royal Bank of Canada and Kinross Gold Corporation.
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Cautious on state of economy. Similar to past economic cycles when markets crash. Yield curve has been inverted for a long time. Longer the inversion occurs - generally the worse the recession is. Believes investors should take preventative measures. One strategy is to diversify into a broad variety of asset classes (gold, real estate, stocks etc.). Unsure on the future of markets, so would recommend defensive portfolio.
With Allan Tong
On Friday, core PCE inflation in the U.S. (a key metric to the U.S. Fed) held at 2.8% over 12 months and rose 0.3% at March. The numbers settled the fears of Wall Street who were expecting higher inflation. At the same time, tech heavyweights Alphabet (A class up 10.27%) and Microsoft (1.82%) reported beats. Both forces triggered a strong rally to recover Thursday’s losses and cap a wild week. The S&P closed 1.06%, the Nasdaq 2.06% and the Dow 0.44%. While Dow gained only 0.32% for the week, the S&P jumped 2.26% and the Nasdaq 3.45%. Other major movers included Super Micro Computer up 8.9%, Nvidia 6.25% and Intel at -9.21%. The U.S. 10-year yield edged down to 4.665% as Bitcoin sank 0.7% to US$64,000.
Gains in Canada were more modest, with the TSX up 0.41% Friday and 0.74% for the week. Almost every sector rose, led by materials and staples. Major movers were First Quantum Minerals, soaring 12.5%, Ero Copper 8.14%, Capstone Copper 6.96%, Hudbay Minerals 6.31% and Enbridge at -1.13% as the most-traded name. WTI held around US$83.65 as gold inched up to US$2,339 an ounce.
🧮 Alphabet Inc (GOOG-Q) +10.27%
Ⓜ Microsoft Corp (MSFT-Q) +1.82%
💾 Super Micro Computer (SMCI-Q) +8.9%
💾 NVIDIA Corporation (NVDA-Q) +6.25%
💾 Intel (INTC-Q) -9.21%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.7%
⛏ First Quantum Minerals (FM-T) +12.5%
🥉 Ero Copper Corp (ERO-N) +8.14%
🥉 Capstone Copper Corp (CS-T) +6.96%
⛏ Hudbay Minerals (HBM-T) +6.31%
🛢 Enbridge (ENB-T) -1.13%
This week were 20 Stock and 1 ETF Top Picks in a wide range of industries: Consumer, Healthcare, Technology, Energy, ETF, Financials and Industrials. Here are this week’s Top Picks as selected by: Billy Kawasaki, Michael O’Reilly, Michael Hakes, Brett… read more
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