The purpose of this article is to provide you with the latest market trends and investment opportunities, and I hope it will be helpful to you in your investment decisions.
Good morning,
Last night, Federal Reserve Chairman Powell delivered a speech. The content mainly focused on the 2% inflation target, which the market generally interpreted as a dovish signal. This has led to a decline in bond yields, a strengthening of US stocks, and a weakening of the US dollar index, which is good news for the Malaysian currency. However, we still need to be cautious. In the current market environment, the market broadening performance of US stocks is poor, and we need to be wary of potential deflation risks, which may trigger a pullback in the next few quarters.
Malaysian Stock Market News
Although the overall market trend is stable, some individual stocks have performed well, testing investors' ability to select stocks. UUE and ATAIMS, which we shared earlier, performed strongly, showing the importance of stock selection in the current market environment.
The latest Tesla (TESLA) developments
Tesla's recent sharp rise in stock prices is mainly due to the market's focus on autonomous driving technology (AI Driving). Although an electric vehicle (EV) is not the same as a smart vehicle (Smart Vehicle), Tesla's leading position in the smart car field is undeniable. Tesla's innovation conference is about to be held, which is something to look forward to.
Focus on soon-to-be-listed companies
KUCINGKO BERHAD was incorporated in Malaysia on March 23, 2023 and is a well-known two-dimensional (2D) animation production service provider. Their slogan is “2D Animation, 3D Wonders,” which highlights their outstanding abilities in the field of animation. KUCINGKO BERHAD will be listed on GEM at RM0.30 on July 23, 2024, which is worth watching.
Last night, Federal Reserve Chairman Powell delivered a speech. The content mainly focused on the 2% inflation target, which the market generally interpreted as a dovish signal. This has led to a decline in bond yields, a strengthening of US stocks, and a weakening of the US dollar index, which is good news for the Malaysian currency. However, we still need to be cautious. In the current market environment, the market broadening performance of US stocks is poor, and we need to be wary of potential deflation risks, which may trigger a pullback in the next few quarters.
Malaysian Stock Market News
Although the overall market trend is stable, some individual stocks have performed well, testing investors' ability to select stocks. UUE and ATAIMS, which we shared earlier, performed strongly, showing the importance of stock selection in the current market environment.
The latest Tesla (TESLA) developments
Tesla's recent sharp rise in stock prices is mainly due to the market's focus on autonomous driving technology (AI Driving). Although an electric vehicle (EV) is not the same as a smart vehicle (Smart Vehicle), Tesla's leading position in the smart car field is undeniable. Tesla's innovation conference is about to be held, which is something to look forward to.
Focus on soon-to-be-listed companies
KUCINGKO BERHAD was incorporated in Malaysia on March 23, 2023 and is a well-known two-dimensional (2D) animation production service provider. Their slogan is “2D Animation, 3D Wonders,” which highlights their outstanding abilities in the field of animation. KUCINGKO BERHAD will be listed on GEM at RM0.30 on July 23, 2024, which is worth watching.
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