Morning Movers
Gapping up
$Apple (AAPL.US)$ stock rose 1.5% as the company ordered significantly more components for iPhones than last year, indicating preparation for a sales boost driven by artificial intelligence.
$Salesforce (CRM.US)$ stock increased by 4.9% following a report of strong fiscal second-quarter results that exceeded expectations and an upgraded full-year profit outlook.
$Affirm Holdings (AFRM.US)$ stock soar...

$Ninety One Global Gold Fund (LU0345780281.MF)$ any idea how to transfer usd from us margin acc to universal account?

$UP Fintech (TIGR.US)$ never thought I'd hold a stock as long as this. given the past trends, it'll likely breach the last lows before shooting back up. queueing at 3.58. nice number.

$UP Fintech (TIGR.US)$ we shall fight together provided healthy you!!! Have you found your apetite yet.... Si chuan dou hua lai lai lai

First, I would like to take this opportunity to thank all Mooers, who have liked my posts, and $Futu Holdings Ltd (FUTU.US)$ and @moomoo Academyfor recognising my work.
Secondly, I would like to thank all my supporters for voting me for the "Mentor Moo" title via the link below.
Lastly, I want to thank the following for their continuous support in many of my posts. They are:
MooMoo Apes fan club ( Yes, BANGS! To the Moon! $BlackBerry (BB.US)$ , $AMC Entertainment (AMC.US)$ , $Cenntro Electric (NAKD.US)$ , $GameStop (GME.US)$ , $SNDL Inc (SNDL.US)$ )
FAANG fan club ( $Meta Platforms (FB.US)$ , $Amazon (AMZN.US)$ , $Apple (AAPL.US)$ , $Netflix (NFLX.US)$ , $Alphabet-C (GOOG.US)$ )
MAGAT fan club ( $Microsoft (MSFT.US)$ , $Apple (AAPL.US)$ , $Alphabet-C (GOOG.US)$ , $Amazon (AMZN.US)$ , $Tesla (TSLA.US)$ )
ARK fan club ( $ARK Innovation ETF (ARKK.US)$ , $ARK Fintech Innovation ETF (ARKF.US)$ , $ARK Next Generation Internet ETF (ARKW.US)$ , $ARK Space Exploration & Innovation ETF (ARKX.US)$ )
Crypto fan club ( $Bitcoin (BTC.CC)$ , $Ethereum (ETH.CC)$ , $Dogecoin (DOGE.CC)$ , $Zilliqa (ZIL.CC)$ )
Trump concept fan club ( $Digital World Acquisition Corp (DWAC.US)$ , $Phunware (PHUN.US)$ )
Once again, thank you so much and hope to see you all in my next post.

$UP Fintech (TIGR.US)$
老uncle down unwell. u guys n gals fight for me ah. i will fight n be back unless i up lorry.

$Futu Holdings Ltd (FUTU.US)$ $UP Fintech (TIGR.US)$ $Robinhood (HOOD.US)$After initially unscathed from the crackdown on internet platforms, the regulatory risk seemed to be rearing its ugly head for the Chinese online brokerages. The subsequent rapid rebound in online brokerages $Futu Holdings Ltd (FUTU.US)$and $UP Fintech (TIGR.US)$provided a strong rebuttal to naysayers including yours truly.
Sun Tianqi, head of the Financial Stability Department at the People's Bank of China (PBOC), echoed my reservations at a financial forum over the previous weekend. He specifically highlighted (in Chinese) certain securities trading institutions that provided securities investment services overseas mainly to domestic investors were conducting "illegal financial activities" when they did not obtain the relevant domestic licenses.
"According to professional media reports, 80% of the deposit accounts of Company A registered in the Cayman Islands are from China, and 55% of Company B registered in Hong Kong. From the perspective of business nature, cross-border Internet brokerages are driving without a license in China and are illegal financial activities." - Sun Tianqi (translation by Google)
Sun explained that financial institutions such as China's securities firms "dare not provide services similar to the cross-border delivery model in the United States." Hence, it does not make sense for foreign registered brokerages to offer services to Chinese domestic users.
Nevertheless, I don't think it's fatal for Futu Holdings and UP Fintech if they can't serve their Chinese accounts in the future. Futu still has nearly half its customers overseas and its Moomoo trading app is popular thanks to the rich features it offers. UP Fintech, better known as Tiger Brokers, has rapidly increased its overseas customer base. Its trading app is also welcomed by users.
In the U.S., $Robinhood (HOOD.US)$is having a rough time as well following lackluster quarterly results and guidance. HOOD stock fell 21.7 percent over the past month. FUTU and TIGR stocks fared worse, with both down nearly 40 percent in the same period.