Morningstar Ultimate Stock-Picker's Top 10
$GOOGL.US$ $GOOG.US$ $CMCSA.US$ $MSFT.US$ $UNH.US$ $V.US$

$BABA.US$ yesterday we notice a rotation out of tech sector into value stocks. Tech sector is very over valued currently and with interest rate hikes 3 times next year, it will make value stocks a better buy than growth.
Stocks like tesla, nvda and apple fell badly while I'm actually surprised baba held 120 quite firmly despite that 2.5% fall on the NDX.
But do not rule out this fall in the tech sector might spread over to the China tech as well.
Fortunately BABA is not on QQQ unlike netease and JD.com which mean a sell off on NDX will not affect BABA directly.
We still need to see BABA hold above 118 to have any chance of the next rally up. Preferably above 120!
As always, trade safe and invest wise!

GOLDMAN: “ .. $MSFT.US$ , $GOOGL.US$ , $AAPL.US$ , $NVDA.US$ and $TSLA.US$ together account for more than one third of the S&P 500’s 26% YTD return. .. these stocks now make up 22% of the S&P 500 by market cap, a 4 pp increase from the start of the year.”

$GRAB.US$ 
I was as excited as most Singaporeans on this app when our home-grown brand got listed. But when I deep-dive into the company, I will likely not invest in it, at least for the short term.
Grab’s market in the South East Asia definitely has growth potential i.e. people are getting affluent, there’s an increase in digital growth etc. However, do note that Grab faces intense competition and challenges in all its businesses/services (ride-hailing, food delivery and financial services). At the moment, I don’t see very strong Moat displayed by them yet - similar to $UBER.US$ 
1. Ride hailing - doesn’t seem like they are going to expand to countries outside South East Asia region. And this spells limited growth, at least for the short term. Furthermore, this area of business is badly impacted by the pandemic. Taxi drivers are suffering (it’s a real problem on the ground)
2. Food delivery - sales in this area did “rocket” as everyone started working from home since 2020. But Singapore, and a few other SEA countries, are too small. There is a limit to how much they can earn in this segment. Throw in Foodpanda, Deliveroo etc, their market shares will be further capped. Personally, I don’t think there is brand loyalty when it comes to food deliveries. I used Grab most of the time, but I also used the other two when there are discounts/ vouchers etc.
3. Financial services - there are so many financial institutions around. It’s going to be tough competing against the banks, and even giants like Apple $AAPL.US$ and Google $GOOGL.US$ for their payments services. Once again, throw in Favpay, Singtel’s Dash $Z74.SG$  Alipay $BABA.US$ etc etc. How much pie / market shares can they capture?
Overall, the company’s financial situation isn’t fantastic. Their revenue did grow YOY, but they are not profitable yet. Things may change in 3 to 5 years’ time (expansion by the company, covid has gone etc). But for the short term, I don’t think I would invest my money in them. The dollars can be better invested into other stocks with higher growth. Would suggest to enter only when the coast is clear. Meantime, I will just remain as their consumer using their services.
Not financial advice. DYDD and invest safely.
$GRAB.US$

$A17U.SG$ Now at support level.