【Market Strategy Morning Brief】Nvidia (NVDA-US) Dominates Alone! Continuation of Thriving Shipping Stocks and Minor Bitcoin Setbacks No Hurdle for Bulls!
In a recent surge that turned heads in the financial markets, Nvidia (NVDA-US) soared over 6%, continuing to lead the tech sector. For the first time, the NASDAQ crossed the 17,000 mark. Amidst a hawkish stance from US officials, it was reiterated that the Federal Reserve wouldn’t discount a rate hike, as the benchmark 10-year US Treasury yield broke through 4.500%, now standing at 4.545%. Despite this, there was a split in the US stock trajectory, with the Dow Jones dropping by 0.5% this morning, while the S&P 500 index exhibited marginal gains. The tech-heavy NASDAQ increased by 0.6%, with Nvidia’s significant surge also boosting the semiconductor index by 1.8%. With respect to commodities, gold in New York was up about 0.5%, and silver, after a 4% increase the previous day, climbed another 1.5%, nearing a new high. New York crude oil also surged over 2%, once again reaching above the $80 per barrel, marking a new high for the month. Bitcoin faced slight negative news, dropping briefly by more than 3%, but the market remains bullish on its future, closing slightly down by 1.2% at $68,590 per unit. Meanwhile, Taiwan's futures fell by 30 points.
On another front, major stocks like Apple (AAPL-US) remained stable with minor gains, Microsoft (MSFT-US) mirrored this. META-US saw an increase of 0.3%, with Amazon (AMZN-US) and Google (GOOG-US) up by 0.7% and 0.9% respectively. Nvidia’s notable near 7% rise continued to grow a buzz around its upcoming stock split (1-for-10), beneficial news still in fermentation. Server heavyweight Super Micro (SMCI-US) dipped over 1.0%, while chip giant AMD (AMD-US) climbed 3.1%, reportedly supplying 3-nm chips to Samsung Electronics. The semiconductor major Broadcom (AVGO-US) rose 0.3%, with memory chip behemoth Micron (MU-US) gaining 2.4%. TSMC ADR (TSM-US) saw a slight decline by 0.4%, as Tesla (TSLA-US) dropped 1.4%. AI PC stocks like Intel (INTC-US) saw a bounce back by 1.1% and Dell (DELL-US) climbed a strong 3.6% as the market anticipates its financial report on May 30. Two major pharmaceutical firms, Novo Nordisk (NVO-US) and Eli Lilly (LLY-US), showed slight movements.
The US stock markets took a break on Monday, but Taiwan's tech stocks continued to center around Nvidia CEO, Jensen Huang’s visit, pushing the weighted index to new historic highs. Looking across Asian stocks, the performances were fairly flat, with Taiwan’s market still appearing as the strongest in Asia; however, the focus started shifting slightly as non-tech stocks performed strongly than tech, particularly tourism stocks, buoyed by potential positive cross-strait tourism news, leaping by over 3% with several hitting the daily limit up. The rally in raw materials in Asia saw crude oil rising over 1%, and iron ore crushed over 1.1%. Precious metals were robust too, with silver strongly rebounding nearly 5%, edging towards a new high phase, and gold futures also rising nearly 1%. Despite previous retracements, copper surged again. Pierre Andurand, a hedge fund manager renowned as the 'God of oil trading,' predicted due to skyrocketing demand leading to globally insufficient copper stock, copper prices will soar to $40,000 per ton within the next four years, a significant multiple from its current price hovering around $10,400 at LME. As always, these predictions are speculative and should be taken as such. Nevertheless, the cyclic performance of metals, particularly silver, might continue driving up the prices of gold and copper since they are rising in tandem.
The rotation in the stock market is rapid, especially in Taiwan’s market continually setting new historical highs. Electronic stocks' turnover is quite fast, like yesterday’s substantial rise in AI PCs, while companies like Asus (2357-TW) and Acer (2353-TW) rapidly pulled back. In contrast, the heavily dropped IC design and IP stocks rebounded. Regarding yesterday's trading, shipping stocks still held the fort as the strongest, with Japan’s largest container ship, Nippon Yusen (9101-JP), closing at a historical high while China’s largest shipping group COSCO SHIPPING Holdings (601919-TW) continued to significantly rally to new highs. Taiwan’s shipping giants, Evergreen Marine (2615-TW) and Yang Ming (2609-TW), continued setting new highs, but Evergreen showed slight pullbacks. The question arises: is it a buying opportunity or a selling point? The teacher’s answer remains unaltered; the rise in shipping stocks is due to the rise in shipping rates, and currently, no reversal point is visible in pricing. Also, the bulk carriers took their turn in rallying, with optimism surrounding Chengtong (2641-TW) rising over 10% in two days. The surge in shipping stocks was not inferior to tech stocks, but the teacher worries once Mr. Huang leaves Taiwan, will these rising tech stocks run out of positive triggers?
Taiwan continued to set new historical highs, and we see rapid rotation across different sectors. Non-tech is not the only mainstream. If investors lack a central theme and chase whatever is rising, realistically, short-term profits are challenging to achieve. Perhaps investors may wonder, with the index at this level, operating stocks may not have much room for movement, but I beg to differ! If the rotation is fast, mostly it is among electronic stocks, but in non-tech, many are still in low positions, not only requiring market timing but also to-and-fro operations, just like how the teacher has been operating Evergreen (2603-TW) till now. Today, Evergreen spurred Yang Ming (2615-TW) and Yang Ming in turn spurred the bulk carriers. The teacher had previously hinted at Chengtong (2641-TW), Shining (2605-TW), and ZMC (26130-TW) all featured in the teacher's free membership videos.
Electronic stocks remain bullish, including silicon photonics (Hua Xing Optical) and Bitcoin concept stocks (Qingyun), which are consolidating. If not entering now, should we wait for a significant surge to chase? This week's new targets have been recorded in the teacher’s free videos. Don't miss another opportunity for earning. For those puzzled by market trends and the bulls vs. bears, make sure to watch the teacher's "Taiwan Stock Exchange Strategy"!
The difficulty in operating has increased. If investment friends have any questions about operations or holdings, feel free to join the teacher’s LINE. Here’s the LINE link: https://lin.ee/5fbMyC2.
To view the latest videos (click the title above the video on YouTube for better quality),
Click the yellow icon below for stock diagnosis or to inquire about membership; someone will assist you!
Taiwan Stock Exchange Strategy, guiding you to master the world, following Teacher Chiu, stability in seeking success is your best operational strategy. Hotline: 02-2653-8299.
Source: Market analyst Chiu Ting Tai / Hengda Consulting
The recommended analysis of individual securities by the firm does not involve undue financial interests. Previous performance does not guarantee future profits. Investors should independently judge, carefully evaluate and bear investment risks on their own.
On another front, major stocks like Apple (AAPL-US) remained stable with minor gains, Microsoft (MSFT-US) mirrored this. META-US saw an increase of 0.3%, with Amazon (AMZN-US) and Google (GOOG-US) up by 0.7% and 0.9% respectively. Nvidia’s notable near 7% rise continued to grow a buzz around its upcoming stock split (1-for-10), beneficial news still in fermentation. Server heavyweight Super Micro (SMCI-US) dipped over 1.0%, while chip giant AMD (AMD-US) climbed 3.1%, reportedly supplying 3-nm chips to Samsung Electronics. The semiconductor major Broadcom (AVGO-US) rose 0.3%, with memory chip behemoth Micron (MU-US) gaining 2.4%. TSMC ADR (TSM-US) saw a slight decline by 0.4%, as Tesla (TSLA-US) dropped 1.4%. AI PC stocks like Intel (INTC-US) saw a bounce back by 1.1% and Dell (DELL-US) climbed a strong 3.6% as the market anticipates its financial report on May 30. Two major pharmaceutical firms, Novo Nordisk (NVO-US) and Eli Lilly (LLY-US), showed slight movements.
The US stock markets took a break on Monday, but Taiwan's tech stocks continued to center around Nvidia CEO, Jensen Huang’s visit, pushing the weighted index to new historic highs. Looking across Asian stocks, the performances were fairly flat, with Taiwan’s market still appearing as the strongest in Asia; however, the focus started shifting slightly as non-tech stocks performed strongly than tech, particularly tourism stocks, buoyed by potential positive cross-strait tourism news, leaping by over 3% with several hitting the daily limit up. The rally in raw materials in Asia saw crude oil rising over 1%, and iron ore crushed over 1.1%. Precious metals were robust too, with silver strongly rebounding nearly 5%, edging towards a new high phase, and gold futures also rising nearly 1%. Despite previous retracements, copper surged again. Pierre Andurand, a hedge fund manager renowned as the 'God of oil trading,' predicted due to skyrocketing demand leading to globally insufficient copper stock, copper prices will soar to $40,000 per ton within the next four years, a significant multiple from its current price hovering around $10,400 at LME. As always, these predictions are speculative and should be taken as such. Nevertheless, the cyclic performance of metals, particularly silver, might continue driving up the prices of gold and copper since they are rising in tandem.
The rotation in the stock market is rapid, especially in Taiwan’s market continually setting new historical highs. Electronic stocks' turnover is quite fast, like yesterday’s substantial rise in AI PCs, while companies like Asus (2357-TW) and Acer (2353-TW) rapidly pulled back. In contrast, the heavily dropped IC design and IP stocks rebounded. Regarding yesterday's trading, shipping stocks still held the fort as the strongest, with Japan’s largest container ship, Nippon Yusen (9101-JP), closing at a historical high while China’s largest shipping group COSCO SHIPPING Holdings (601919-TW) continued to significantly rally to new highs. Taiwan’s shipping giants, Evergreen Marine (2615-TW) and Yang Ming (2609-TW), continued setting new highs, but Evergreen showed slight pullbacks. The question arises: is it a buying opportunity or a selling point? The teacher’s answer remains unaltered; the rise in shipping stocks is due to the rise in shipping rates, and currently, no reversal point is visible in pricing. Also, the bulk carriers took their turn in rallying, with optimism surrounding Chengtong (2641-TW) rising over 10% in two days. The surge in shipping stocks was not inferior to tech stocks, but the teacher worries once Mr. Huang leaves Taiwan, will these rising tech stocks run out of positive triggers?
Taiwan continued to set new historical highs, and we see rapid rotation across different sectors. Non-tech is not the only mainstream. If investors lack a central theme and chase whatever is rising, realistically, short-term profits are challenging to achieve. Perhaps investors may wonder, with the index at this level, operating stocks may not have much room for movement, but I beg to differ! If the rotation is fast, mostly it is among electronic stocks, but in non-tech, many are still in low positions, not only requiring market timing but also to-and-fro operations, just like how the teacher has been operating Evergreen (2603-TW) till now. Today, Evergreen spurred Yang Ming (2615-TW) and Yang Ming in turn spurred the bulk carriers. The teacher had previously hinted at Chengtong (2641-TW), Shining (2605-TW), and ZMC (26130-TW) all featured in the teacher's free membership videos.
Electronic stocks remain bullish, including silicon photonics (Hua Xing Optical) and Bitcoin concept stocks (Qingyun), which are consolidating. If not entering now, should we wait for a significant surge to chase? This week's new targets have been recorded in the teacher’s free videos. Don't miss another opportunity for earning. For those puzzled by market trends and the bulls vs. bears, make sure to watch the teacher's "Taiwan Stock Exchange Strategy"!
The difficulty in operating has increased. If investment friends have any questions about operations or holdings, feel free to join the teacher’s LINE. Here’s the LINE link: https://lin.ee/5fbMyC2.
To view the latest videos (click the title above the video on YouTube for better quality),
Click the yellow icon below for stock diagnosis or to inquire about membership; someone will assist you!
Taiwan Stock Exchange Strategy, guiding you to master the world, following Teacher Chiu, stability in seeking success is your best operational strategy. Hotline: 02-2653-8299.
Source: Market analyst Chiu Ting Tai / Hengda Consulting
The recommended analysis of individual securities by the firm does not involve undue financial interests. Previous performance does not guarantee future profits. Investors should independently judge, carefully evaluate and bear investment risks on their own.
Last edited at：2024/12/16
#BTC#TSMC#Evergreen Marine Corporation#S&P 500#Nasdaq#TESLA#Nvidia