Author: Gramatik

What’s Your Meme Stock Portfolio?

Meme stocks, those quirky shares in companies whose underlying business fails to justify their soaring prices. This frenzy is often fueled by small investors who inexplicably rally behind a stock. Among redditors, some of the most notorious meme stocks include GameStop, Reddit, Trump Media, and AMC Theaters. But in the broader financial landscape, another name is gaining traction: Tesla. As of May 2024, Tesla boasts a market cap of a whopping $537.28 billion. But what exactly accounts for its sky-high valuation, sometimes exceeding that of traditional automotive giants by tenfold? Xiaomi SU7 displayed at the Mobile World Congress 2024 in Barcelona, Spain Could it be the groundbreaking technology and patents? Tesla has filed over 3,404 patents globally as of April 2023, positioning itself as the undisputed leader in EV technology with a potential monopoly for years to come. Yet, voices are emerging claiming that Chinese EVs rival or even surpass Tesla in various aspects. It seems that Tesla’s value hinges largely on investor perception. Unless you’re Warren Buffett, most investors might just be blindly following the herd based on speculative instincts. However, labeling Tesla as a mere meme stock feels inadequate. It’s more aptly described as a bubble – emblematic of the entire current market sentiment. submitted by /u/FXgram_ [link] [comments]

Time to buy TON?

Pantera Capital called the investment in TON a record investment for the fund Venture capital company Pantera Capital has called the financing of blockchain The Open Network (TON) the largest investment in the history of the fund. The amount of capital raised is not specified, but it is known that earlier Pantera Capital invested more than $250 million in Solana. Time to buy TON? submitted by /u/dll_crypto [link] [comments]

Most Talkable Assets Of The Week

🛩 Boeing (BA) – only the lazy one didn’t go through the topic 🎮 Roblox (RBLX) cut its full-year bookings guidance to $4-4.1 billion, down from $4.14-4.28 billion. Shares fell 22%. It’s unlikely that parents who regularly top up their children’s accounts to buy a new skin will agree with such a pessimistic reaction. Meme stocks are grabbing headlines once again: 📈 Reddit (RDDT) rises after bigger-than-expected jump in users ⬆️ GameStop (GME) highest close since December 🖥 Palantir’s (PLTR) investors pressed the panic button instead of looking at the bigger picture 🥇XAUUSD – Judging by the gold chart, the global economy is over. Then there are only crises and wars. Quote of the week: ‘Do not take yearly results too seriously. Instead, focus on four- or five-year averages.’ – Warren Buffett Is there anything missing? Anyway, have a great weekend everybody. submitted by /u/FXgram_ [link] [comments]

Canada Lab Mkt Report (Apr)

Employment Change: 90.4k vs. 20.0k exp. (prior -2.2k) Unemployment Rate: 6.1% vs. 6.2% exp. (prior 6.1%) Wages (YoY): 4.8% vs. 4.7% exp. (prior 5.0%) Participation: 65.4% vs. 65.3% exp. (prior 65.3%) submitted by /u/XGramatik [link] [comments]

Pepperstone: The Daily Fix – Momentum favours the brave

Authored by ChrisWeston Momentum is often one of the more effective strategies to deploy for short-term traders, and aligning with the aggregated flow of capital can help put the odds in your favour. In equity land we see these momentum moves in several key indices – the Dow has closed higher for 7 straight days, and a test of March highs of 39,900 looks increasingly likely, with the index closing at session highs and the bulls in full control. Runs like this are not uncommon though, and since 2020 the Dow has seen 14 occurrences of such form and 8 of them saw the index close higher the following day – so there is no real edge in fading this strength. We see the FTSE100 maintaining its stellar ascent with our call for that index (if it were to open now) sitting above 8400, while it was the DAX (closing +1%) that outperformed, joining the FTSE100 in breaking to a new all-time high, with strong participation in the rally, albeit on light volumes taking the index higher (volumes were 28% below the 30-day average). One suspects it won’t be long before the CAC40, and Euro Stoxx 50 joins the all-time high party. The S&P500 cash closed +0.5%, with the index closing above 5200, with 82% of stocks higher on the day – REITS, utilities, energy, and materials outperforming, while tech failed to participate. Looking at the intraday tape of S&P500 futures, there was a strong bid that kicked in through early European trade and the bulls never looked back, cementing what was a decent trend day and we see futures at session highs. 1.051m S&P500 futures contracts traded on the day is lightweight though (the 15-day average stands at 1.48m contracts). (Source: Bloomberg) The set-up and price action in the key US equity benchmark suggests the risk remains skewed to higher levels and new all-time highs remain the base case – not a huge call given we’re 1% away (in the S&P500 cash) from this milestone. Corporate buybacks are adding real tailwinds to the move, but when S&P500 20-day realized volatility is falling towards 13% and the VIX index at new lows of 12.7%, one can assume volatility-targeting strategies (mostly pension and insurance funds) would be dripping more cash into equities as vol retreats, with CTAs (systematic trend following funds) adding to longs in S&P500 futures as price moves higher – the flow show is in full effect, and its times like this that strength just begets strength. Away from equity land, there have been further buyers in US Treasuries with yields lower by 3 to 4bp across the curve – largely a result of US jobless claims rising to 231k (from 209k), and average demand seen in the 30-year Treasury auction. The move in Treasuries has weighed on the USD with the AUD, CLP, MXN, NOK, and ZAR firing up. AUDUSD (currently 0.6620) looks to retest big resistance into 0.6640, where a closing break would get attention from momentum accounts and could argue for a push towards 0.6800. while AUDCHF looks like it wants to break to new cycle highs. Supporting the AUD and offering tailwinds has been a 1.3% gain in copper, while HK equity markets are firing up and we should see a further bullish push higher, with breakouts likely seen in the HK50 and CHINAH index through Asia today. https://preview.redd.it/o6w4co3r0kzc1.png?width=904&format=png&auto=webp&s=7e8adeb3d9788014e4049330de0aa75049181156 GBPUSD has been where we’ve seen clients focus their attention, with the BoE meeting offering some reasonable intraday movement, with cable hitting a low of 1.2446 before broad USD weakness kicked in and we see the pair now at 1.2524. GBPAUD is breaking down through the recent lows and feels like it will test 1.8900 near-term. EURGBP holds above .8600 – happy to remain biased long on this cross, although it is a slow-moving beast. Commodity markets have been well traded, where notably gold has gained $37 and at $2346 eyes a test of the recent range highs of $2352. Gold miners have done nicely, with the GDX +3.5%. Silver looks even more impressive adding 3.6% and eyes a push into $29. Crude has built on yesterday’s bullish reversal and sits at $79.50, although in energy it is Nat Gas that is where my attention sits given after the period of price compression, the subsequent bullish breakout and now trending conditions, which all suggest this could kick – as many who trade NG will attest to, these moves can be highly frustrating and we do get many false starts – but for now, happy to be long. https://preview.redd.it/2khvdg4u0kzc1.png?width=904&format=png&auto=webp&s=369e78b9c76e7b9eaf97f4f8dabfec92630ffc74 Asia should feel the love on open, where our calls suggest the JPN225 opens +0.9%, with the HK50 cash opening +0.6%. The ASX200 looks to unwind around 7740 +0.2%, with BHPs ADR suggesting an open of $43.15 +0.2%. The Aussie miners do have some tailwinds given the strong showing in FTSE and S&P500 materials, but to get the Aussie index firing we’ll need the banks to come to the party – I suspect we’ll see the big names opening around 0.2%-0.5% firmer. The risk event calendar is hardly going to send traders covering risk through Asia and into the weekend, with several non-markets moving data points in Japan, Norway CPI, UK industrial production, Canadian employment data and the University of Michigan survey. Pepperstone Authored by ChrisWeston Best UK retail CFD Broker – Pepperstone. Use this link with the built-in REDDIT promo code. Switch to Pepperstone – it may be the best trade you’ll ever make submitted by /u/XGramatik [link] [comments]

Corporations. History | Trading Academy

Almost always, corporations were founded with some noble purpose or with the idea of benefitting society, and for this they were granted certain privileges. Permits were issued by the king, for a fee, and only if the creators managed to prove that the venture was beneficial. Later, they began to be signed by parliament. Initially, the coolest privilege was a monopoly. For example, the exclusive right to trade with a certain country or the right to dig a canal. To avoid strong competition, permission to establish a new company could be denied. If it was granted, the capital size, types of activities, and term were specified: corporations were still temporary. In the early 19th century, a securities law was passed in New York, which proclaimed two important principles. The first was that any person could register a corporation and its shares could be traded on the exchange. Well, not exactly anyone, there were certain requirements from the regulator (capital size, for example), but no permission was required – everything was automatically allowed there. That’s the American democracy for you. Without kings, parliaments, and other seed husk. The second important principle was limited liability. It became the standard. This means that investors could never be sued for the debts or dirty dealings of the corporation in which they invested. Although loans were reluctantly given then (and for very short periods – for six months, for example), passengers were still scared. So, this was an incredible fundamental step, even a leap into the future. Now there was no need to fear that you bought some shares there, and some shady guys in uniform would come to you and stage a mask show, because the crafty director had absconded with all the cash in a guillotine box. Since then, the American stock exchange has flourished mightily, as nobody was afraid of such a crappy turn of events anymore. Bought a share – don’t worry, worst case you’ll lose your investment, but nothing more. Europe recognized this idea later, by the mid-19th century. That’s why New York turned out to be so cool financially. In England, they argued, like, those nasty bankers might not return the deposits if they suddenly forgive them personal responsibility. But the ordinary shareholders prevailed. Overall, it turned out to be a colossal innovation. In America, the human stock market as we understand it emerged – mainly after the appearance of railways and the associated stock market frenzy. And if previously only the wealthy invested in corporations, from the mid-19th century, the common people got wind of it and began to rush to the exchange. submitted by /u/XGramatik [link] [comments]