TSLA
Tesla
-- 421.060 NVDA
NVIDIA
-- 134.700 PLTR
Palantir
-- 80.550 AMD
Advanced Micro Devices
-- 119.210 QUBT
Quantum Computing
-- 17.620 
Weekly Syrup: Banks are not always "saving" our money. How to be savvy at profiting?
Hey mooers! ![]()
Canada's five major banks recently released their Q3 2024 financial reports amid interest rate cuts. Performance varied, with $Royal Bank of Canada (RY.CA)$ and $Canadian Imperial Bank of Commerce (CM.US)$ exceeding expectations. $Bank of Nova Scotia (BNS.CA)$ saw higher revenues but lower profits, while $Bank of Montreal (BMO.CA)$ and $The Toronto-Dominion Bank (TD.CA)$ underperformed. For more analysis of their financials and dividends, click here for a more detailed reading>>
For mooers, how to make good use of the performance of Big Five Banks as well as BoC interest rate cut? What profit opportunities lie ahead? Take a closer look here!
Moomoo CA is now holding a Meme competition. Today is the last day for posting your memes and earning rewards! Don't wait any more. Come and join us!
But before other recaps, let's look at something different:
What's Moo'ed?
"What's Moo'ed" is a space that captures fun, newsworthy, jaw-dropping and sometimes confusing (lmao) news clips for mooers so that you know this is a colorful world (or a weird and speechless one).
1. A "giant" leap for the iPhone ![]()
Popular YouTubers Arun Maini and Matthew Perks built a 6.74-foot tall iPhone 15 Pro Max, setting the Guinness World Record for the largest smartphone replica. This time, the alarm can wake up the whole village. And the "Find my iPhone" function will be useless.
2. Please, Please Mr. Postman ![]()
Canada Post is proposing an increase to regulated postage rates next year, bringing the price of most stamps up by 25 cents to $1.24. We will soon see a rapid rise in printable emails. Next rise will be A4 papers. Buy the dip, mooers!
3. Jury experience will be even worse ![]()
As digital communication like texts and social media posts increasingly define personal relationships, they've become crucial in divorce and family cases, prompting Ontario courts to limit their submission, experts note. We will soon see demand rise for emoji and meme interpreters. Practice through our Meme Competition and new job opportunities are saying hi to you.
4. Long live our work! ![]()
According to Statistics Canada, the median retirement age in Canada has increased from 60.8 in 1998 to 64.9, meaning Canadians now work an average of 4.1 more years before retiring than they did two decades ago. I guess we finally found the best way to extend our lifespan.
Okay, let's dive back to the syrup:
Rate cuts are on the way, what to take?
Recent market trends suggest a possible rate cut in September, drawing more investor interest to long-term Treasury bonds. The $iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW.US)$ , with a 15% dividend yield, stands out as a superior option compared to $iShares 20+ Year Treasury Bond ETF (TLT.US)$, and has seen consistent growth in its assets under management this year. For more reading, click here>>
We have also collected many bond related ETFs and introduce and explain them to you in our past post. Check now!
And for more learning regarding rate cuts, check our article below:
Harris on the rise?
After seeing many "Trump Trade" strategies, it's time to change flavors. As per the RCP poll on August 30, Harris led with a 48.1% chance of election over Trump's 46.3%. Now, it's appropriate to explore the "Harris Trade." So where are the opportunities and what strategies should we adopt? Click here for a more detailed reading!
What do you think of Big Five Banks, rate cut expectation and Harris&Trump? And what's your take on other hot issues in the past week? How can they earn you more money(we pray that for you)?
Share your stories, ideas, feelings and emojis in the comments below:
Event time: From now until September 15, 2024, at 24:00 ET time.
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102362254 : The Big Five Banks could benefit from a possible rate cut, which might boost lending and economic growth. Harris and Trump propose different economic approaches. Harris emphasizes unity and stability, while Trump focuses on deregulation and tax cuts. I’m also looking forward to the Apple event.
Jason Fung : In my opinion, the big five banks (or big six when you include $National Bank of Canada (NA.CA)$ ) are still a very solid investment for Canadian investors. Especially for those looking for a safe and stable investment that generates a moderately high dividend. It's hard to predict why one will continue to outperform so it's better to own them all in a bank ETF.
73279472 : i
john song Jason Fung : i agree that the Canafian banks are very good investments
mr_cashcow : Rate cuts is already expected and possibly even priced in by this point, just watched the latest debate between Trump & Harries and I must say Harries clearly have more policies ready to roll while trump is the usual lies on top of lies![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Zenabomogbai : New in Momo and learning a lot here