US Stock Papertrading Season 2: Unveiling the Latest Leaderboard!
As the 2024 Papertrading Season 2 continues, let's see who made it to the top 10 this week. Who among them will push harder to become the champion?
🎉Congratulations to the top 10 mooers on the leaderboard
*Data from July 1, 2024 ~ July 6 2024
📑Thrilling trading moments from mooers
We observed that the top three traders in terms of returns last week were all options enthusiasts, and their favorite stocks to trade were $NVIDIA(NVDA.US$ and $Tesla(TSLA.US$, with $Apple(AAPL.US$ also attracting attention. Although Nvidia's performance was relatively stable last week, rising 1.85%, this did not prevent traders from leveraging small price fluctuations and options strategies to maximize their gains.
1. Tesla: The Undisputed Star of Last Week
Tesla was undoubtedly the star of last week. Stronger-than-expected second-quarter car sales and the resolution of Elon Musk's compensation issues have brought Tesla back into the AI camp. From a longer-term perspective, this performance indicates that Tesla's worst moments in this cycle are likely behind it.
In the future, with the Federal Reserve's impending rate cuts, a rebound in electric vehicle demand, new car launches by the end of the year or early next year, continued advancements in autonomous driving V12, the August 8 Robotaxi event, and the explosion in the energy storage business, Tesla is heading in a positive direction.
Tesla was undoubtedly the star of last week. Stronger-than-expected second-quarter car sales and the resolution of Elon Musk's compensation issues have brought Tesla back into the AI camp. From a longer-term perspective, this performance indicates that Tesla's worst moments in this cycle are likely behind it.
In the future, with the Federal Reserve's impending rate cuts, a rebound in electric vehicle demand, new car launches by the end of the year or early next year, continued advancements in autonomous driving V12, the August 8 Robotaxi event, and the explosion in the energy storage business, Tesla is heading in a positive direction.
2. Apple hit a new all-time high
Apple hit a new all-time high last week. The upcoming Apple iPhone 16 series is expected to feature $Taiwan Semiconductor(TSM.US$'s second-generation 3nm technology across all models. Thanks to the appeal brought by upgrades to generative AI and other areas, the market is optimistic about the shipment volume of the iPhone 16 series. The AI surge extends into consumer scenarios such as edge AI for mobile phones, cars, and robots.
Apple hit a new all-time high last week. The upcoming Apple iPhone 16 series is expected to feature $Taiwan Semiconductor(TSM.US$'s second-generation 3nm technology across all models. Thanks to the appeal brought by upgrades to generative AI and other areas, the market is optimistic about the shipment volume of the iPhone 16 series. The AI surge extends into consumer scenarios such as edge AI for mobile phones, cars, and robots.
📣Don't you know how to find an opportunity?
This week, the U.S. will release CPI data, and Powell will deliver his semi-annual monetary policy testimony. The employment situation report released by the U.S. Bureau of Labor Statistics last Friday showed that non-farm payrolls for June were stronger than market expectations, but data for the previous two months were significantly revised downward, and the unemployment rate further increased to 4.1%. Additionally, wage growth is slowing.
Amid the U.S. elections, recent economic data points to a slowing inflation trend, suggesting the Nasdaq, which is sensitive to rate cuts and represents growth, may benefit from the optimistic outlook driven by rate cut expectations and valuation gains.
The Q2 earnings season for U.S. stocks will kick off, with $PepsiCo(PEP.US$ set to report its earnings before the market opens on Thursday, and $JPMorgan(JPM.US$ Chase and $Citigroup(C.US$ set to report before the market opens on Friday. The Federal Reserve's actions have a direct impact on the banking sector, and the banks' earnings can serve as an indicator of the current macroeconomic situation, providing important insights into the condition of both consumer and corporate sectors.
😍Want an extra bonus? Join our topic and share your P/L orders
You might also want to discuss with other mooers your trading strategies or market insights. Come and share your daily trading activities and learn from other mooers. Tap here to share>>
Rewards：
100 points: any participating user with at least 1 post during the event period.
1000 points: the top 10 high-quality users with their trading insights, including at least 1 P/L image and a minimum of 10 words in this page.
AUD50 cash coupon: for the top writer of unique, on-topic, and in-depth trading analyses (including P/L records) throughout the competition.
100 points: any participating user with at least 1 post during the event period.
1000 points: the top 10 high-quality users with their trading insights, including at least 1 P/L image and a minimum of 10 words in this page.
AUD50 cash coupon: for the top writer of unique, on-topic, and in-depth trading analyses (including P/L records) throughout the competition.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Community Official Account
G’day! You’re in the right place!
3938Followers
89Following
3317Visitors
Follow
102188459 : Tq