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$Futu Holdings Ltd (FUTU.US)$ @moomoo Learn SG @moomoo Rewards @moomoo SG

G'day, mooers! Check out the latest news on today's stock market!
• Wall St gives back early gains
• BNPL stocks under pressure
• Australian shares open lower on Friday, ASX 200 down 0.69 per cent
- moomoo News AU
Wall Street Summary
US stocks fell in choppy action as traders mulled mixed economic data and dire warnings of a global economic slowdown.
The $S&P 500 Index (.SPX.US)$ fell away in afternoon trade to a loss of 45 points...

On July 27, 2021, I made the biggest move of the year and cleared Tencent, Haidilao, and JD Logistics. Let me explain the logic one by one:
First, let's talk about the most prominent one $TENCENT (00700.HK)$ . Previously, to me, Tencent was the kind of stock that never needed to be sold, just like...
However, with the implementation of the double reduction policy, I have gained a new understanding of the size of the national policy and the resolute attitude. In addition, from the recent release of information by the Cyberspace Administration and other ministries, although not named directly, Tencent and Meituan are obviously wanted number one and number two.
Among the richest people in the United States, more than half are engaged in internet-related businesses. However, the current policy in mainland China is the opposite, where the internet cannot strengthen the country, only "hard technology" can. But what exactly is hard technology? Does the big data, cloud computing service, and mobile payments of internet companies count as hard technology? It seems that it's not considered as such in the eyes of the boss.
Yesterday, it was rumored that the leaders of the China Securities Regulatory Commission held a meeting with all investment banks. The general idea is that the policies regarding the education and training industry are targeted and will not have a significant impact on other industries. As a result, the previously hardest-hit sectors in the A-share and Hong Kong stock markets, such as technology, pharmaceuticals, and food & beverage, experienced some recovery. But in my opinion, even if the news of the meeting is true, it still feels like a sense of "don't leave, fellow villagers." The feeling of the sword of Damocles hanging over our heads is not good, and you never know when another policy will come out, whether it will be a stick or honey, or directly damage and crush you.
I cleared Tencent's logic because of the great uncertainty of future policies. I am afraid...

Apple is expected to launch its new iPhone 14 as well as upgrades to the Apple Watch and Airpods at a special event to be held on September 7. The market has also reacted well, as $Apple (AAPL.US)$outperformed the market from its June lows.
As usual, Apple is likely to launch two Pro versions and two standard versions of iPhone. However, Apple is expected to launch a larger screen version of the standard iPhone 14 (likely with a 6.7-inch screen) w...

$Futu Holdings Ltd (FUTU.US)$lol shit stock. gonna delete this app too and remove ny account

The Australian share market is mostly dominated by banks and miners. These companies are in high demand among investors for their high dividend payout.
National Australia Bank Ltd
NAB $National Australia Bank Ltd (NAB.AU)$reported a 6% rise in cash earnings compared to the corresponding period for the three months ended 30 June 2022. The bank also posted a 2% rise in revenue. NAB’s expenses rose 1% compared to the first-half average.
Shares of NAB hav...

$Redbubble Ltd (RBL.AU)$: UBS upgrades the stock to buy from neutral and raises target price 10% to A$1.60.
Investor expectations for Redbubble are so low that there is decent potential for FY 2022 earnings to drive an improvement in the company's share-price, UBS analyst Tim Piper says. Piper tells clients in a note that data and channel checks suggest limited risk of further near-term downside.
$Suncorp Group Ltd (SUN.AU)$: UBS incr...