The number of Apes selling their tech shares to FOMO $FOMO ETF (FOMO.US)$ into GME $GameStop (GME.US)$ is going to circuit break SPY $SPDR S&P 500 ETF (SPY.US)$ and NSDQ today...
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The FED scared the market. A down market takes from every one's retirement saving plans. They could have presented in a better way. $Advanced Micro Devices (AMD.US)$ $Taiwan Semiconductor (TSM.US)$
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NVDA $NVIDIA (NVDA.US)$ has a market cap of ~$700 billion and a P/E and a P/E of 87 with EPS of 3.24. AMD $Advanced Micro Devices (AMD.US)$ has a market cap of $168 billion with an EPS of $3.24 and a P/E of 43. If AMD catches up with NVDA's valuation it should trade at 700/168x140=$583 and I doubt analysts are not aware of that fact. It is all a matter of time before AMD sp reaches $200+.![]()
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$NVIDIA (NVDA.US)$ $315 at opening and up during today pop...
TSLA $Tesla (TSLA.US)$ jumps 10% today... wow. Nice if NVDA $NVIDIA (NVDA.US)$ get back to their highs too?.
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1 year performance isn't really the best indicator for long term performance. Broad index funds work great but nothing wrong with picking some individual stocks also. Amazon $Amazon (AMZN.US)$ , PayPal $PayPal (PYPL.US)$ , Disney $Disney (DIS.US)$ are some high quality names that underperformed the indexes. I wouldn't bet against those names for the upcoming years.
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I do have my share of Rolex and Grand Seiko (all spring drive) watches. I never look at them as investment. In fact, I was about to buy a gold presidential (Rolex) if I broke even with BABA. Well, BABA $Alibaba (BABA.US)$ went down further so I took a loss. No Rolex presidential for me.
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I do want the Santa rally to continue, but it's normal to have some red/choppy days. And apart from inverse leveraged ETFs, Gamestop $GameStop (GME.US)$ is one of the stocks off the top of my head that has high negative beta. I have no position in GME though.
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$Moderna (MRNA.US)$ Bill & Melinda Gates Foundation, one of the first investors in Moderna keep buying the dip. Current price levels make the stock undervalued with PE Ratio of under 15 based on actual sales $Moderna (MRNA.US)$
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$Moderna (MRNA.US)$ Total of 27.5 million doses ordered by the Swiss Federal Government to date: Moderna Announces Switzerland Exercises its Option to Purchase Seven Million Additional Doses of Moderna's COVID-19 Booster Vaccine in 2022.
The Swiss Federal Government has exercised its option to purchase an additional seven million doses of Moderna's booster vaccine for delivery in the second half of 2022. These doses are in addition to the initial seven million doses of booster vaccine the Swiss Federal Government agreed to purchase for delivery in 2022 and brings Switzerland's order commitment to a total of 27.5 million doses.
"We appreciate the collaboration with the Swiss Federal Government, and their continued support demonstrated by their increased supply agreement," said Stéphane Bancel, Chief Executive Officer of Moderna. "We are encouraged by the initial data showing that the currently authorized Moderna COVID-19 booster can boost neutralizing antibody levels against the Omicron variant 37-fold higher than pre-boost levels. We will continue to make as many updates to our COVID-19 vaccine as necessary to control the pandemic."
The Swiss Federal Government has exercised its option to purchase an additional seven million doses of Moderna's booster vaccine for delivery in the second half of 2022. These doses are in addition to the initial seven million doses of booster vaccine the Swiss Federal Government agreed to purchase for delivery in 2022 and brings Switzerland's order commitment to a total of 27.5 million doses.
"We appreciate the collaboration with the Swiss Federal Government, and their continued support demonstrated by their increased supply agreement," said Stéphane Bancel, Chief Executive Officer of Moderna. "We are encouraged by the initial data showing that the currently authorized Moderna COVID-19 booster can boost neutralizing antibody levels against the Omicron variant 37-fold higher than pre-boost levels. We will continue to make as many updates to our COVID-19 vaccine as necessary to control the pandemic."