Asia stocks set for mixed open in countdown to Fed
Asian stocks are set for a mixed start Wednesday after the latest inflation data added to the case for tighter Federal Reserve policy, weighing on U.S. shares. The dollar rose with Treasury yields.
Australian shares slipped, futures for Japan fell and Hong Kong contracts were little changed. $S&P 500 Index (.SPX.US)$ and $NASDAQ 100 Index (.NDX.US)$ futures wavered. Technology shares led the drop on Wall Street as investors fret over reduced stimulus and sour on costlier parts of the stock market.
JPMorgan says it's OK if you're still in love with risky stocks
Investors should reconsider their affection for the safety of technology megacaps and start seeking out risky assets like beaten-down high-growth stocks and Chinese shares.
So says Dubravko Lakos-Bujas, $JPMorgan (JPM.US)$'s global head of equity research. "In the first half next year, assuming inflation shows signs of normalization, assuming the Fed ends up being more balanced and doesn't continue to move forward with tightening, which I believe the market is pricing in, and assuming the Covid situation starts to come back under control, I think you'll see a rotation from lower-beta megacaps into higher-beta."
New fund chasing day-trader favorites slammed by meme stock slide
The $ROUNDHILL MEME ETF (MEME.US)$ has fallen every day since its launch last Wednesday.
So far this week, $GameStop (GME.US)$ and $AMC Entertainment (AMC.US)$ have shed 15% and 16%, respectively. Meanwhile, the fund's top holding $Digital World Acquisition Corp (DWAC.US)$ -- the special purpose acquisition company taking former president Donald Trump's media company public -- is down 11%, bringing its losses to 23% since the ETF launched.
Elon Musk's stock sales could total $18 billion by the end of year
Elon Musk sold $906 million in $Tesla (TSLA.US)$ stock Monday. As of Tuesday morning, he has sold a total of 11.9 million shares, according to InsiderScore/Verity. Musk is making two kinds of stock sales — one to pay taxes on his compensation package and the other for straight cash-outs, or "to-pocket" sales.
Based on his 10% sale target, Musk will likely only sell another $5 billion before the year is out.
Dogecoin spikes more than 20% after Elon Musk says Tesla will accept it as payment for merch
Dogecoin skyrocketed more than 20% on Tuesday after Elon Musk said Tesla would accept it as payment for some merchandise. Musk has frequently talked up dogecoin, calling it his favorite digital coin and mentioning it in an appearance on "Saturday Night Live." Dogecoin hit a record-high price above 74 cents in May but has since plunged sharply.
Red-hot chip stocks are cooling
The $PHLX Semiconductor Index (.SOX.US)$, home to the likes of $NVIDIA (NVDA.US)$ and $Advanced Micro Devices (AMD.US)$, has gained 36% in 2021 after advances of more than 50% in both 2019 and 2020. That brings the three-year cumulative return including dividends to almost 250%, exceeding gains seen in any similar span of the late-1990s technology mania.
However, global growth in chip sales slowed in October to May levels and has been cooling for three straight months, industry show.
Adobe, Cloudflare lead plunge in cloud stocks after JPMorgan issues wave of downgrades on valuation concerns
JPMorgan analysts downgraded Adobe, Datadog, Cloudflare, Zscaler and other software stocks in an outlook report for 2022. "With rates climbing, this adds risk to higher multiple software stocks trading over 20 times revenue," the analysts wrote.
$Adobe (ADBE.US)$ fell almost 7%, $Cloudflare (NET.US)$ tumbled 9% and $Zscaler (ZS.US)$ was off almost 8%.
UK regulator says Google and Apple hold 'vice-like' grip on consumers
$Alphabet-A (GOOGL.US)$ and $Apple (AAPL.US)$ hold a "vice-like" grip over how people use mobile phones, Britain's Competition and Markets Authority said Tuesday.
The statement is a fresh warning to tech groups after the regulator stepped up scrutiny of the power they wield in a world increasingly lived online. It recently told $Meta Platforms (FB.US)$ it had to sell Giphy, the popular animated images platform it bought in 2020.
Source: Bloomberg, CNBC

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CIMB: China CITIC Bank-A – ADD TP Rmb5.00 (Previous Rmb6.40)/ China CITIC Bank – ADD TP HK$4.90 (Previous HK$6.30)

$Sonim Technologies (SONM.US)$ good

$Cenntro Electric (NAKD.US)$ if tdy not rise to at least 2 then this week will, the value is already there after the merger annoucement

$Waitr Holdings (WTRH.US)$ Trash stock

$MARA Holdings (MARA.US)$ 60+ next week

During Monday's regular session, the  $Dow Jones Industrial Average (.DJI.US)$ rose 586.89 points, or 1.76%. The  $S&P 500 Index (.SPX.US)$ ended the day up 1.4% and the  $Nasdaq Composite Index (.IXIC.US)$ rose 0.79%.
Stocks staged a strong rebound on Monday, Fed may start removing stimulus
The indexes recouped some of last week's steep losses when the Federal Reserve's updated projections on inflation cued a sell-off. Commodity stocks like  $Devon Energy (DVN.US)$

$Futu Holdings Ltd (FUTU.US)$ down down down to 110！

$AMC Entertainment (AMC.US)$ All the way 70...go go go

$AMC Entertainment (AMC.US)$ let’s pass 60 first