$The Toronto-Dominion Bank (TD.CA)$ In the banking system of the usa, money laundering is quite common. In essence, this is a form of extortion, aiming to hinder Canadian banks from expanding business in the usa. The usa, they really excel at playing protectionism, almost like the boss of the earth. On the contrary, Canada seems to have never dared to confront directly.
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ASML, the highest technology company in Europe in terms of market cap, saw a significant drop in the total amount of new orders in the first quarter, down 61% from expectations, leading to a general decline in European and American chip stocks.
ASML's financial report released on April 17 showed that the first-quarter addition of orders was only 3.61 billion euros, far below the market's expected 5.1 billion euros. In comparison, the order amount in the fourth quarter of 2023 reached a record 9.19 billion euros. ASML explained that the decline in orders was mainly due to a significant decrease in demand for the most advanced EUV lithography machines, plummeting from 5.6 billion euros in the previous quarter to 0.656 billion euros. The company expects sales performance in the second quarter to be below expectations until demand starts to recover.
Following the release of this financial report, ASML's overnight closing price in the US stock market fell by 7.09%. In addition, other chip stocks including Micron Technology, Broadcom, Qualcomm, and Intel also suffered declines, dropping by 3.5%, 2.6%, 2%, and 1.4% respectively. Arm's stock price fell by 9.4%, reducing its increase to 47% since the beginning of this year. Due to SoftBank's holding of a large portion of Arm's shares, its stock price also fell by 4.1% on Wednesday.
Meanwhile, other chip manufacturing equipment suppliers such as Applied Materials, CSTIC, and Palomar Research saw their stock prices drop by over 4% on Wednesday.
In this wave, should you buy or sell, or just wait and see? How do friends view this?![]()
ASML's financial report released on April 17 showed that the first-quarter addition of orders was only 3.61 billion euros, far below the market's expected 5.1 billion euros. In comparison, the order amount in the fourth quarter of 2023 reached a record 9.19 billion euros. ASML explained that the decline in orders was mainly due to a significant decrease in demand for the most advanced EUV lithography machines, plummeting from 5.6 billion euros in the previous quarter to 0.656 billion euros. The company expects sales performance in the second quarter to be below expectations until demand starts to recover.
Following the release of this financial report, ASML's overnight closing price in the US stock market fell by 7.09%. In addition, other chip stocks including Micron Technology, Broadcom, Qualcomm, and Intel also suffered declines, dropping by 3.5%, 2.6%, 2%, and 1.4% respectively. Arm's stock price fell by 9.4%, reducing its increase to 47% since the beginning of this year. Due to SoftBank's holding of a large portion of Arm's shares, its stock price also fell by 4.1% on Wednesday.
Meanwhile, other chip manufacturing equipment suppliers such as Applied Materials, CSTIC, and Palomar Research saw their stock prices drop by over 4% on Wednesday.
In this wave, should you buy or sell, or just wait and see? How do friends view this?
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Stay calm, if the Shanghai Stock Exchange server didn't crash today, we would have broken through 3100, there will be another wave on Monday.
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ There are no signs of resistance today. It may continue to rise tomorrow. In any case, this is an opportunity for long-term holding. The big players are back now.
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I want to ask, can anyone tell me? I really want to buy some VOO funds in my TFSA, but I just saw a statement that says I have to pay 15% US withholding tax, what's the situation?
I previously saw an article saying that if VOO is placed in an RRSP account, you can avoid this tax. Can TFSA also operate like this to avoid this tax? $Vanguard S&P 500 ETF (VOO.US)$
I previously saw an article saying that if VOO is placed in an RRSP account, you can avoid this tax. Can TFSA also operate like this to avoid this tax? $Vanguard S&P 500 ETF (VOO.US)$
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I saw on a news website some time ago that there was a person who had been investing in TFSA since 2009 and now it has increased by tenfold! I want to know if there is anyone here who has made a fortune on TFSA. How did you do it? Any tips? Tell me, I want to learn.
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This old guy started a TFSA tax-free savings account in 2009, and now his account assets have increased tenfold!! This move? Absolutely impressive, you can't help but admire it. This is what financial freedom is all about.....
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Just arrived in Canada, I have opened a new chapter of investing in US stocks through moomoo using TFSA.
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