The world's largest rubber glove manufacturer, Top Glove, saw a 29% surge in stock prices on the Singapore Exchange, fueled by news of the new variant of the virus, reigniting market interest in anti-epidemic related supplies.
Top Gloves in Singapore surges as much as 29%, share prices of latex glove manufacturers jumping collectively amid the spread of the new variant.
$Top Glove (BVA.SG)$ $TOP GLOVE CORP BHD SPON ADR EACH REPR 4 ORD MYR0.50 (TGLVY.US)$

$Roku Inc (ROKU.US)$ up

$BABA-W (09988.HK)$ investing is all about transfer of wealth from patient to impatient, if you sold at 115 yesterday listening to all the shorts, you only have yourself to blame. the fundamentals of this company is solid, endless cashflow, investor day tomorrow, expecting huge pumps. hold and we will win.

$Alibaba (BABA.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$
Baba has closed green today. The sellers had trouble even trying to keep baba in the red with the low volume selling. Buyers are stepping in now and we can already see the demand overpowering supply here with low volume day as there is basically no more supply.
Those who wanted to sell, already sold. Those who wanted to take profit already did. The rest are waiting for higher prices. Past 3 days were signs the sellers were weak and buyers were about to take over. We saw that today and it should continue on Monday as well.
Overall US indices has finished their pullback and now heading to new highs with SPX leading the way today. China has also switched focus to economic growth instead of clampdown and will make economic growth their priority in 2022 after all the regulatory fines in 2021.
This are signs the Kweb etf should start recovering from here which I mentioned 39 should be it's bottom. It has yet to break 43.40 which was the resistance to show the 39 drop was the spring. But it should as soon as next week.
However fomc next week will still be the topic in focus. But it should all already be priced in like today CPI 6.8% data.
As always, trade safe & invest wise!
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https://www.youtube.com/c/investing101channel

"Fly High, Fly to the Moon", that's  my sentiments for Singapore Airlines (SIA) shares all along. As expected,  SIA stocks soared up to 9.6% after the announcement of Singapore government's decision to open up of borders to 11 countries worldwide including those in Europe and North America. As of today, SIA shares nose dived down to $5.26 despite of the easing of the travelling curbs.
The question is whether SIA can sustain this decline. Next, is of course should SIA continue to under perform, would the investors be alarmed and apply  a "stop-loss " principle  on  $SIA (C6L.SG)$ or $SATS (S58.SG)$ stocks. Personally, I hope not because this blue chip business has solid fiancial back up. Moreover, SIA
has past experiences of facing more adverse situations without faltering.
Currently, I am holding some portions of the losing $SIA (C6L.SG)$ shares but I am not unduly worried. I have pulled the trigger off for those shares but I will not sell them either, because SIA will remain s strong, reliable company for long term investments.
$SIA (C6L.SG)$ shares' prices have been negatively impacted since mid 2019 when Covid 19 pandemic emerged, and travelling was hazardous internationally.
Pre Covid time, our National aircraft was faring extremely well. Travellers worldwide opt to travel in SIA flights because they are awared that when they fly in SIA, they are embarking on a journey of safety and luxurious comfort. Being a prestigious 5 stars aircraft, SIA offers stella service. This aviation service operates 3% of the 10 current longest flights in the world. The inclusion of more countries VTL (vaccinated travel lanes) will ultimately usher in tourist and business locations from UK, US and Italy which are vital long hauls in markets for SIA.
Moving forward, SIA shares will continue to face some challenges in the early Q4 phase. In hindsight however, investors should focus more on the outlook over the next 2 years. I believe by year end, situation will improve, as more people are vaccinated globally and air travel becomes more flexible. By then more travellers are willing to splurge on the next trip.
Once again we can envision SIA flying high to the Moon. Along with this increase trend in travelling, the other travel-related stocks to gain momentum are:
$SATS (S58.SG)$
$Genting Sing (G13.SG)$
$Air Transport Services (ATSG.US)$
$Shangri-La HKD (S07.SG)$
$Marriott International (MAR.US)$
$Las Vegas Sands (LVS.US)$

Weekly market recap
U.S. stock futures rose slightly in overnight trading on Sunday as investors readied for the first trading of November. Market participants are gearing up for another week of corporate earnings, a key Federal Reserve meeting on Wednesday and October’s jobs report.
Stocks closed out the month of October on Friday and all three major averages closed at record highs. The $S&P 500 Index (.SPX.US)$and $Nasdaq Composite Index (.IXIC.US)$clinched their best months since November 2020.
Corporate earnings season dominated October amid solid earnings even with global supply chain concerns. About half of the S&P 500 companies have reported quarterly results and more than 80% of them beat earnings estimates from Wall Street analysts, according to Refinitiv.
Here's a look at the return of S&P 500 sectors
This week ahead in focus
There will be a lot on investors' radar this week, as third-quarter earnings season continues, October jobs numbers come out, and the Federal Reserve's policy committee potentially details its bond purchase reduction plans.
Some 160 S&P 500 companies are scheduled to report, plus dozens of small and mid cap firms.
The main event on the market calendar this week will be the conclusion of the Federal Open Market Committee's October monetary-policy meeting on Wednesday. Officials have strongly signalled that they will announce their plans to begin tapering the central bank's $120 billion in monthly asset purchases at the meeting. Interest-rate increases are still far off.
Monday 11/1
$Arista Networks (ANET.US)$, $Clorox (CLX.US)$, $Franklin Resources (BEN.US)$, $McKesson (MCK.US)$, $NXP Semiconductors (NXPI.US)$, $Public Storage (PSA.US)$, $SBA Communications Corp (SBAC.US)$, and $Simon Property Group Acquisition (SPGS.US)$release quarterly results.
The Census Bureau reports construction spending for September. Consensus estimate is for a 0.4% month-over-month increase to a seasonally adjusted annual rate of $1.59 trillion.
The Institute for Supply Management releases its Manufacturing Purchasing Managers Index for October. Expectations are for a 60.1 reading, slightly less than the September figure.
Tuesday 11/2
$Activision Blizzard (ATVI.US)$, $Amgen (AMGN.US)$, $ConocoPhillips (COP.US)$, $Eaton (ETN.US)$, $Estee Lauder (EL.US)$, $Ferrari (RACE.US)$, $Match group (MTCH.US)$, $Mondelez International (MDLZ.US)$, $Pfizer (PFE.US)$, and $T-Mobile US (TMUS.US)$US report earnings.
It's Election Day in an off-year headlined by gubernatorial contests in New Jersey and Virginia.
Wednesday 11/3
The FOMC announces its monetary-policy decision. The Fed is all but certain to maintain the federal-funds rates near zero and is expected to announce it will begin tapering its $120 billion in monthly asset purchases.
$Coca-Cola (KO.US)$holds a conference call to discuss its ESG initiatives.
$Booking Holdings (BKNG.US)$, $CVS Health (CVS.US)$, $Electronic Arts Inc (EA.US)$, $Emerson Electric (EMR.US)$, $Marriott International (MAR.US)$, $MetLife (MET.US)$, $MGM Resorts International (MGM.US)$, and $Qualcomm (QCOM.US)$announce quarterly results.
ISM releases its Services PMI for October. Economists forecast a 61.5 reading, roughly even with the September number.
ADP releases its National Employment Report for October. Consensus estimate is for private-sector employment to gain 472,500 jobs, after a 568,000 rise in September.
Thursday 11/4
$Airbnb (ABNB.US)$, $Becton, Dickinson and Co (BDXB.US)$, $Expedia (EXPE.US)$, $Illumina (ILMN.US)$, $Kellanova (K.US)$, $Moderna (MRNA.US)$, $NRG Energy (NRG.US)$, $Block (SQ.US)$, $ViacomCBS (VIAC.US)$, $Uber Technologies (UBER.US)$, and $Zoetis (ZTS.US)$hold conference calls to discuss earnings.
Friday 11/5
$Dominion Energy Inc (DCUE.US)$, $DraftKings (DKNG.US)$, and $Sempra Energy (SRE.US)$release quarterly results.
The Bureau of Labor Statistics releases the jobs report for October. Economists forecast a 435,000 gain for nonfarm payrolls and for the unemployment rate to remain unchanged at 4.8%. In September, the economy added 194,000 jobs, about 300,000 short of estimates. Both August and September had large shortfalls compared with expectations, as the labor shortage has persisted longer than many economists expected, despite a near-record level of job openings.
Source: CNBC, Barron's

$Twitter (Delisted) (TWTR.US)$ 💵💵💵