NVDA
NVIDIA
-- 131.280 TSLA
Tesla
-- 290.800 SMCI
Super Micro Computer
-- 51.110 PLTR
Palantir
-- 89.310 APP
Applovin
-- 331.000 
Black Friday
The data for Black Friday was released today, and the sales performance on Black Friday was quite good. According to Mastercard's data, offline sales on Black Friday increased by 1%, while online sales increased by 8%. On the other hand, Adobe reported that e-commerce sales on Black Friday reached 9.8 billion, a year-on-year increase of 7.5%, exceeding the company's previous forecast of 5.7%. The sales this Black Friday were driven by electronic products such as smartwatches, televisions, as well as toys and gaming products. However, household repair tools performed poorly. Therefore, this Black Friday should be quite favorable for technology companies and electronic retailers, while companies like Home Depot may have had average sales this Black Friday. Although the sales on Black Friday were better than expected, there are indications in the data that consumers' wallets are actually a bit tight. Adobe discovered that the correlation between product discounts and sales volume was more pronounced this Black Friday. Furthermore, the use of 'Buy Now, Pay Later' (BNPL) services had sales of 79 million, an increase of 47% compared to the same period last year, and 72% higher than a week ago. While the increase in consumer loan shopping is partly due to there being more merchants supporting BNPL compared to a year ago, the fact that BNPL sales were 72% higher than a week ago indicates that consumers are actively choosing to use loans to shop. Adobe also noted: 'Impulse buying may have played a certain role in the growth of Black Friday...'
As for the large-cap market, there haven't been any significant changes. The PCE report will be released on Thursday, but it may not cause much volatility in the large-cap market. The current plan remains the same as before. Although the large-cap market seems a bit stagnant at the moment, there hasn't been a pullback yet. I am not very inclined to make regular purchases at the moment, but I have to stick to the scheduled regular investment. Therefore, I plan to gradually invest $2000 into my M1 account in November to be a bit less than usual, as I feel that a pullback may be imminent, and I am hesitant to invest too much at once. However, I will definitely invest at least $2000 in my M1 account by the end of November.
By the way, I have transferred $13,000 of cash from my Futu Growth Stocks account to the interest account at Futu. Tomorrow, I plan to transfer another $2,000 because it feels like a waste to leave it idle. Since the same brokerage offers this feature, I will take advantage of the interest first. Therefore, I only plan to keep $1,000 in cash in Futu for emergencies. When I need to buy stocks, I will transfer the money back. After all, it's the same brokerage, so the transfer is quick.
Wishing everyone a Happy Cyber Monday! Let's continue to work hard together tomorrow! Keep it up!
By the way, I have transferred $13,000 of cash from my Futu Growth Stocks account to the interest account at Futu. Tomorrow, I plan to transfer another $2,000 because it feels like a waste to leave it idle. Since the same brokerage offers this feature, I will take advantage of the interest first. Therefore, I only plan to keep $1,000 in cash in Futu for emergencies. When I need to buy stocks, I will transfer the money back. After all, it's the same brokerage, so the transfer is quick.
Wishing everyone a Happy Cyber Monday! Let's continue to work hard together tomorrow! Keep it up!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment