Market OverviewThe benchmark S&P 500 and Nasdaq indexes hit new closing highs for the second straight day on Wednesday(Aug 13) on hopes that the Federal Reserve was getting close to a monetary easing cycle.Regarding the options market, a total volume of 55,781,959 contracts was traded.Top 10 Option VolumesSource: Tiger Trade App$Advanced Micro Devices(AMD)$ stock rose 5.41% to a 52-week high. The stock, currently trading at $184.42 and commanding a market cap of $299.82 billion, has shown remarkable momentum with a 56% surge over the past six months. Mizuho has raised its price target on AMD to $205 from $183 while maintaining an Outperform rating, citing continued growth in hyperscaler capital expenditure and additional tailwinds from China.Th
The White House confirmed on the 12th that two American chip manufacturers, Nvidia and AMD, have agreed to a special agreement to hand over 15% of their chip sales revenue in China to the U.S. government in exchange for export licenses for related products. The White House said the agreement could be expanded to more companies in the future. On August 12th, local time, White House spokesman Karoline Leavitt said at a press conference that at present, such agreements only involve these two companies, "but they may be extended to other companies in the future". She also said that the U.S. Department of Commerce is still studying the relevant legal basis and specific operation methods, and the details will be further explained by the Ministry of Commerce.Bank of America (BofA) analysts reveal
Cannabis Stocks Are Back: Could Trump Spark a Second Boom?
If you glanced at the U.S. stock market this week, you might’ve thought we time-traveled back to 2021’s cannabis mania. Shares of Tilray surged 41% in a single day, Canopy Growth jumped 26%, and Cronos popped 14%. The sweet smell of weed stocks is back in the air. $Tilray Inc.(TLRY)$$Canopy Growth Corporation(CGC)$$Cronos Group Inc.(CRON)$ One Sentence, an $80 Billion CatalystThis rally wasn’t sparked by earnings, mergers, or product breakthroughs. Instead, it was pure policy speculation + retail sentiment. And the trigger? A single quote from Donald Trump at a press conference:“We are looking at reclassifying marijuana. It’s a very complicated subject, and we’l
$CRITICAL METALS CORPORATION(CRML)$ bit by bit... finally it crosses again... another $1000 to show. The question is if this will last till closing [Tongue] [Facepalm] [Grin] [OMG] The highest point it hit earlier was $5.32, which is a healthy sign. After struggling to reach its resistance line at $5.20, today it has finally passed it. To be honest, I have been apprehensive since two days ago. I had wanted to share the $1000 mark in yesterday's post, but it was not to be. $CRITICAL METALS CORPORATION(CRML)$ in fact past $5.20 two days ago. I was concerned as it signals a likelihood of possible double top in play, especially when it was barely reaching yesterday. There a
$BABA-W(09988)$ Baba is finally waking up and AI will take centre stage. You never know how BABA is going to position in this AI competition. This stock will make you earn a small pot of gold in near future. With Jack Ma back in China, he will definitely help China to get out of this troubled times. The next financial reporting will be an interesting for all investors.
$BitMine Immersion Technologies Inc.(BMNR)$ with ETH at a new 52W high of 4736, and bmnr just hitting a higher-high of 71.74, we may be able to close the week above $75. ETH may break into a new ATH next week based on the current momentum. HODL 🚀