Unlock Wealth Potential with Moomoo Cash Plus: Here’s How #Weekly Market Pulse
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Hello, everyone, Ahmad here! I have an exciting news from Moomoo Malaysia. We are thrilled to announce a fantastic new feature from Moomoo Cash Plus, now available for all our users in Malaysia. Whether you're looking to grow your idle cash or seeking a flexible, low-risk investment option, Cash Plus is here to help!
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With Cash Plus, you can start investing with as little as RM0.01. There's no upper limit, and you can redeem your funds anytime—perfect for those who need liquidity without compromising on returns.
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Oh and not to forget, We have a limited time reward. Get RM10 cashback when you invest RM5,000 and above. And of course, please read the T&C.
Rest easy knowing that Moomoo is fully licensed by the Securities Commission Malaysia and ranked as the No.1 trading app in the country. So ready to get started? Here's a quick step-by-step guide on how to subscribe to Moomoo Cash Plus.
>> Step 1: Open your moomoo app and tap on 'Cash Plus'.
>> Step 2: Choose the fund that best suited your needs and click 'Subscribe'.
>> Step 3: Enter the amount you wish to invest. Don’t forget to check if any coupons are available to maximize your returns.
>> Step 4: Confirm your subscription, and that's it! You'll start earning returns as soon as your subscription is processed.
>> Step 1: Open your moomoo app and tap on 'Cash Plus'.
>> Step 2: Choose the fund that best suited your needs and click 'Subscribe'.
>> Step 3: Enter the amount you wish to invest. Don’t forget to check if any coupons are available to maximize your returns.
>> Step 4: Confirm your subscription, and that's it! You'll start earning returns as soon as your subscription is processed.
With Moomoo Cash Plus, growing your money has never been easier. Subscribe now and watch your savings grow with peace of mind.
Market reactions triggered by changes in the economic environment
As the recent economic conditions in the US and Malaysia are assessed, the market is beginning to clear up
US Stock Market : Tech Resurgence Amid Economic Resilience
This week, the US stock market is likely to focus on the resurgence of technology stocks as economic data continues to show resilience. With inflation moderating and consumer spending holding up, there is growing optimism that the Federal Reserve may not need to raise interest rates further. This environment benefits growth-oriented sectors, particularly technology, which could see renewed investor interest. Additionally, corporate earnings from major tech players are expected to beat expectations, providing further momentum.
Beneficiaries:
>> $Apple (AAPL.US)$ As a leading tech giant, Apple continues to benefit from strong consumer demand and innovation in its product lineup.
>> $NVIDIA (NVDA.US)$ With the ongoing boom in AI and data centers, NVIDIA stands to gain significantly from increased demand for its GPUs.
>> $Microsoft (MSFT.US)$ Microsoft’s cloud computing and AI divisions are expected to drive growth, positioning it as a key beneficiary in the tech space.
MY Stock Market: "Anticipation of Malaysia GDP Data and Sector-Specific Catalysts"
This week, the Malaysian stock market will likely focus on the upcoming Malaysia GDP data release, expected around mid-August 2024. This key economic indicator could set the tone for market direction, providing insights into the country's economic resilience amid global uncertainties. Investors are positioning themselves ahead of this crucial release, with expectations that it might influence sector-specific performance.
Sectors that are expected to gain attention include Technology, driven by strong performance in the US tech sector and ongoing AI and data center themes. Additionally, the Construction, Property, and Building Materials sectors are likely to benefit from infrastructure-related projects and government initiatives. The Banking sector could also see increased activity as investors anticipate solid earnings reports and potential dividends.
Beneficiaries:
This theme is driven by the positive setup in the US markets, combined with local factors such as a stronger ringgit and anticipated infrastructure developments, which are expected to influence market dynamics in the short term. The GDP data release will be a pivotal moment for traders and investors, potentially steering market sentiment for the rest of the month.
Weekly review and this week's focus on US and Malaysian stocks
🇺🇸US Stock Market Review 12 Aug - 16 Aug 2024
Key Movers: Nvidia (NVDA +24%), Walmart (WMT +4.2%), H&R Block (HRB +17%).
Market Overview: The US stock market had a robust performance this week, with the major indexes achieving their best weekly gains of 2024. The Nasdaq led the way with a 5.3% increase, driven by a strong rebound in tech stocks, particularly Nvidia, which surged after a sharp decline in previous weeks. The S&P 500 and Dow Jones also recorded solid gains, rising 3.9% and 2.9% respectively.
This rally was supported by easing inflation concerns and better-than-expected corporate earnings, which boosted investor sentiment. Walmart and H&R Block were among the top performers, with Walmart hitting a record high following a strong earnings report.
Events to Watch:
$Palo Alto Networks (PANW.US)$ Expected to release its fiscal fourth-quarter earnings report on August 19. Investors are keeping a close eye on this, as it could impact the overall performance of the tech sector.
$NVIDIA (NVDA.US)$ Continued monitoring of Nvidia's stock as it nears resistance levels after its significant rally.
Federal Reserve: Further commentary from Federal Reserve officials could impact market sentiment, particularly regarding the outlook for interest rates in the coming months.
21 Aug - US Crude Oil Inventories, 22 Aug - US Initial Jobless Claims, US Manufacturing, Services PMI
🇲🇾MY Stock Market Review 12 Aug - 16 Aug 2024
Key Movers: CIMB (+6.4%), Petronas Chemicals (+5.7%), MRDIY (+3.8%)
Market Overview: The Malaysian stock market experienced a positive week from 12 to 16 August 2024, with the FBM KLCI gaining 1.75% to close at 1,623.90 points. The market was buoyed by strong performances in the Banking and Industrial Products sectors, with CIMB and Petronas Chemicals leading the charge. CIMB rose by 6.4% amid optimism surrounding its upcoming earnings report, while Petronas Chemicals saw a 5.7% increase due to the rebound in crude oil prices.
The overall market sentiment was lifted by easing recession fears in the US, following better-than-expected economic data, including softer inflation figures and strong retail sales. This, coupled with the anticipation of a potential rate cut by the US Federal Reserve in September, provided a favorable backdrop for local stocks. MRDIY also saw a 3.8% increase, benefiting from the stronger ringgit, which supported consumer sentiment.
The Construction, Property, and Technology sectors also saw positive momentum, driven by continued interest in AI and data center themes, alongside improving domestic economic conditions.
In the end, I will share more market trends and investment knowledge in the official Learning group organized by the moomoo Education Team @Invest With Cici. Everyone is welcome to join.
In the end, I will share more market trends and investment knowledge in the official Learning group organized by the moomoo Education Team @Invest With Cici. Everyone is welcome to join.
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Follow me for more trading insights in the Malaysia stock market! Have a good week.![]()
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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103731500 : I have subscribed cash plus last week, but did the see the daily return