Brandon Loo
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The North American financial landscape painted an impressive picture yesterday as both the US and Canadian stock markets notched new records. The S&P/TSX composite index modestly surpassed its previous closing high record, set in March 2022, by closing up 41.55 points at 22,087.26. This incremental gain speaks volumes about the underlying strength of the Canadian market, which has seen a 5.39% rise in 2024. This is fueled l...
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In the realm of financial growth, a Tax-Free Savings Account (TFSA) stands as a beacon of opportunity. For many, the TFSA is a gateway to financial freedom, but the question remains: How can one utilize a TFSA to its fullest potential, particularly if you're just starting out? With an overwhelming array of stocks and investment products to choose from, finding the right fit for your portfolio can seem like searching for a needle in a ...
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Heading into its release of 4Q earnings, $Lululemon Athletica (LULU.US)$ is expected to see a favorable revenue increase of 15.3%, which is slightly ahead of the company's updated guidance from January for a 14-15% gain. This may be abided by strong holiday revenue as Black Friday marked its best sales day ever, and as momentum continues to build across men's product and international growth.
Men Power
The spotlight of the quarter i...
Men Power
The spotlight of the quarter i...
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Brandon Loo
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Columns J Powell Killed Mr. Market Again
check out the current T/A for the market after J. Powell's hawkish remarks. Here is the link to the video: https://youtu.be/Nj6XIiVOp0I
$SPDR S&P 500 ETF (SPY.US)$
Jerome Powell announced the interest rate decision that was made by the Federal Reserve. He told the market that there will be high interest rates until inflation has had a very noticeable slow down. The markets did not react well to his speech as all of the major indices experience a major sell-off int...
$SPDR S&P 500 ETF (SPY.US)$
Jerome Powell announced the interest rate decision that was made by the Federal Reserve. He told the market that there will be high interest rates until inflation has had a very noticeable slow down. The markets did not react well to his speech as all of the major indices experience a major sell-off int...
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Brandon Loo
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$S&P 500 Index (.SPX.US)$ He said he was shorting tech back in March after the NASDAQ had already fallen 12%. Then he said in the spring that he was shorting semiconductors, and they’re up substantially since then. It’s unclear why CNBC continues to interview him.
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$Microsoft (MSFT.US)$ Teams sucks, no way around it. Gotta love how Microsoft thinks its so Innovative but in reality its only slightly ahead of other laggards (cloud is its crown jewel)
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Widely followed hedge fund manager Dan Niles predicted Wednesday that the $S&P 500 Index (.SPX.US)$ will decline in 2022, as the Federal Reserve is forced to raise interest rates and stock valuations come further off of all-time highs.
"My favorite investment idea right now is cash," the founder and portfolio manager at Satori Fund told CNBC.
In terms of individual stock picks, Niles pointed to Google's parent company $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ and Facebook's parent $Meta Platforms (FB.US)$, which he says provide growth at a reasonable price.
"Those are great names. The names you want to be scared about are the ones that have no earnings and are valued off of revenues," he said. "Those are the stocks that are going to have huge troubles as rates continue to ratchet up."
Niles argued that signs of weakness have been popping up in the equity markets for the past several weeks, with indexes like the Russel 2000 falling dramatically over that span.
"Underneath the surface, there's a lot of damage being done and people are just continuing to crowd into some of the biggest names," he said.
Detailing his prediction for 2022, Niles projected that the Fed will be forced to raise rates to counteract inflationary pressures. This, in turn, will push stocks off of lofty valuation levels, which reached a peak above figures seen during the dot-com bubble of the late 1990s and early 2000s.
Meanwhile, for the end of the year, Niles contended that most fund managers are "either window dressing or tax-loss selling," which means that value stocks will have trouble finding support during December.
Niles has long supported FB and GOOGL. See what tech giant he previously labeled "the most overpriced tech stock."
"My favorite investment idea right now is cash," the founder and portfolio manager at Satori Fund told CNBC.
In terms of individual stock picks, Niles pointed to Google's parent company $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ and Facebook's parent $Meta Platforms (FB.US)$, which he says provide growth at a reasonable price.
"Those are great names. The names you want to be scared about are the ones that have no earnings and are valued off of revenues," he said. "Those are the stocks that are going to have huge troubles as rates continue to ratchet up."
Niles argued that signs of weakness have been popping up in the equity markets for the past several weeks, with indexes like the Russel 2000 falling dramatically over that span.
"Underneath the surface, there's a lot of damage being done and people are just continuing to crowd into some of the biggest names," he said.
Detailing his prediction for 2022, Niles projected that the Fed will be forced to raise rates to counteract inflationary pressures. This, in turn, will push stocks off of lofty valuation levels, which reached a peak above figures seen during the dot-com bubble of the late 1990s and early 2000s.
Meanwhile, for the end of the year, Niles contended that most fund managers are "either window dressing or tax-loss selling," which means that value stocks will have trouble finding support during December.
Niles has long supported FB and GOOGL. See what tech giant he previously labeled "the most overpriced tech stock."
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Brandon Loo
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SPAC $Altimeter Growth Corp (AGC.US)$rose 3% in after hours trading after holders approved the deal to take Southeast Asian ride-sharing company Grab public.
Shareholder redemptions were almost 0%, at 0.02%, according to a statement. The transaction is expected to close tomorrow and Grab is expected to begin trading on the Nasdaq under the ticker symbol "GRAB" Thusday.
Grab is Southeast Asia's most valuable startup and is set to undergo a merger with Altimeter at a valuation of $40B.
The deal is expected to be one of the largest-ever U.S. equity offering by a Southeast Asian company. A public debut from Grab will offer investors access to a regional consumer market of more than 655M people across countries including Indonesia, Thailand and Vietnam.
Earlier this month, Brad Gerstner's SPAC Altimeter Growth announced that that the SEC declared effective the Form F-4 registration statement of Grab Holdings and set the shareholder vote for today.
Shareholder redemptions were almost 0%, at 0.02%, according to a statement. The transaction is expected to close tomorrow and Grab is expected to begin trading on the Nasdaq under the ticker symbol "GRAB" Thusday.
Grab is Southeast Asia's most valuable startup and is set to undergo a merger with Altimeter at a valuation of $40B.
The deal is expected to be one of the largest-ever U.S. equity offering by a Southeast Asian company. A public debut from Grab will offer investors access to a regional consumer market of more than 655M people across countries including Indonesia, Thailand and Vietnam.
Earlier this month, Brad Gerstner's SPAC Altimeter Growth announced that that the SEC declared effective the Form F-4 registration statement of Grab Holdings and set the shareholder vote for today.
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$NIO Inc (NIO.US)$ has delivered 10,878 vehicles in November 2021, up 105.6% Y/Y, and representing a solid monthly growth of 196.6% M/M from October's deliveries of 3,667 units.
The deliveries consisted of 2,683 ES8s, 4,713 ES6s, and 3,482 EC6s.
Total YTD deliveries reached 80,940 vehicles, up 120.4% Y/Y.
Cumulative deliveries of the ES8, ES6 and EC6 as of November 30, 2021 reached 156,581.
Last month, Citi boosted price target on Nio to $87 from $70 on expectations that the Chinese EV player will nab more market share.
The deliveries consisted of 2,683 ES8s, 4,713 ES6s, and 3,482 EC6s.
Total YTD deliveries reached 80,940 vehicles, up 120.4% Y/Y.
Cumulative deliveries of the ES8, ES6 and EC6 as of November 30, 2021 reached 156,581.
Last month, Citi boosted price target on Nio to $87 from $70 on expectations that the Chinese EV player will nab more market share.
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Brandon Loo
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$Rivian Automotive (RIVN.US)$ One of the easiest shorts ever. Using money I can lose and if they pump this fomo crap higher I'll incrementally add. Mark that it will be either 90% lower or bankrupt some day in the near enough future. This market is full of these fomo short opps given all the gambling everyone is doing.
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