To The Moon

$Truist Financial Corp(TFC)$ is scheduled to report its fourth-quarter and full-year 2024 results on 17 Jan before the market open. With the implementation of rate cuts in 2024, we should be seeing the overall lending scenario improved in the quarter ending 31 Dec 2024. As seen from the Federal Reserve’s latest data, demand for commercial and industrial (C&I) loans (accounting for roughly 50% of TFC’s total loans and leases held for investment) rose during the fourth quarter. On the consumer side, loan which account for almost 40% of total loans and leases held for investment) demand improved. TFC is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of +7.4%. Reve

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The stock market rally had a solid advance in the half-day Christmas Eve session. The Nasdaq led, moving back toward record highs, while the S&P 500 moved back above 6,000. Despite Tuesday's broad gains, much of the market is lagging. $NVIDIA(NVDA)$ flashed a buy signal as it cleared key levels, but came off intraday highs. Fellow AI chip stocks $Broadcom(AVGO)$ and $Astera Labs, Inc.(ALAB)$ continued to soar. I am holding onto my Nvidia position as I am expecting Nvidia to move into more software focused solutions with the strength of its new chips particularly Blackwell. Double-Bottom Base Give New Buy Target Nvidia stock edged up 0.4% to 140.22, hitting 14

Thursday trading session was rather muted, with major indices hovering around their previous closing levels. The Russell 2000 index outperformed others, closing 0.9% higher, indicating some speculative buying in a thinly-traded market following the holiday break. DJIA was in the green with a modest 0.07%, while NASDAQ and S&P 500 ended the session with negative 0.05% and 0.04% respectively. Mega-cap stocks had a choppy performance which led to mixed results across the three major indices. The Vanguard Mega Cap Growth ETF (MGK) fluctuated between a high of +0.1% and a low of -0.7% during the session. Significant Stocks News $Palantir Technologies Inc.(PLTR)$ and Salesforce (CRM) are positioned to lead in AI application monetization, according t

The AI narrative has been a major factor behind strong equity returns in 2023 and 2024, with promises of substantial productivity gains. According to Barclays’s analysis, global AI stocks have delivered a 16.5% year-to-date return, significantly outpacing the MSCI ACWI Index’s 6% return on an equal-weighted basis. If we have been following the AI revolution for whole of 2024, we can see that the benefits from the AI revolution have largely been concentrated in hyperscalers and foundational hardware players, such as Big Tech and semiconductor companies. But we saw a shift to AI software companies as well after the U.S. elections, the software sector focusing on Ai have outperformed the Big Tech and semiconductor companies. Shift Catalyst By Multiple Expansions In AI Technology If we looked

$Broadcom(AVGO)$ is expected to report its quarterly earnings for the period ending 31 October 2024 on 12 December after market close. AVGO is expected to report a 51.6% increase in revenue to $14.091 billion from $9.3 billion a year ago. This is higher than the revenue guidance given on 05 September 2024 for the period ending 31 October which is expected for $14 billion. AVGO is expected to show a rise in quarterly revenue with the consensus estimate for earnings per share to come in at $1.39 per share (+25.2% YoY) on revenue of $14.1 billion (+51.3% YoY). Quarterly Run Rate From VMware Should Help Contribute To Broadcom (AVGO) Revenue Broadcom is expected to report a sharp surge in fourth-quarter revenue, as it benefits from strong demand for it

$Broadcom(AVGO)$ is expected to report its quarterly earnings for the period ending 31 October 2024 on 12 December after market close. AVGO is expected to report a 51.6% increase in revenue to $14.091 billion from $9.3 billion a year ago. This is higher than the revenue guidance given on 05 September 2024 for the period ending 31 October which is expected for $14 billion. AVGO is expected to show a rise in quarterly revenue with the consensus estimate for earnings per share to come in at $1.39 per share (+25.2% YoY) on revenue of $14.1 billion (+51.3% YoY). Quarterly Run Rate From VMware Should Help Contribute To Broadcom (AVGO) Revenue Broadcom is expected to report a sharp surge in fourth-quarter revenue, as it benefits from strong demand for it

On Wednesday (11 Dec), we saw stocks surged which was led by a rally in shares of major technology companies that pushed NASDAQ above 20,000 points for the first time. NASDAQ rose 1.77% to finish Wednesday's session at 20,035, while the S&P 500 added 0.82% to close just shy of a new high. The Russell 2000 gained 0.6% while DJIA closed 0.22% lower after giving back earlier gains. U.S. stocks were coming off of two straight days of losses as the market took a breather from a post-election rally that has sent major indexes to a series of record highs. The market showed broad positive breadth, with mega-cap stocks significantly impacting the S&P 500 and Nasdaq Composite. CPI Came In Line With Expectations Though Inflation Might Remain Sticky The U.S. stock market got an early boost Wed

$GameStop(GME)$ is scheduled to report its third-quarter 2024 earnings on 10 Dec 2024 after market close. In the last quarter, GME has missed analysts’ revenue expectations by 10.9%, reporting revenues of $798.3 million, down 31.4% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EPS estimates. This quarter, analysts are expecting GameStop’s revenue to decline 17.7% year on year to $887.7 million, a further deceleration from the 9.1% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share. GameStop (GME) Low Debt To Asset In 2024 As we looked at how GME have been able to reduce their liabilities while trying to keep its assets not declining too much, this

After climbing to record highs on last Friday (06 Dec 2024) when we saw how the November jobs report reinforced Wall Street's expectations for a December interest rate cut from the Federal Reserve, U.S. equities fell at midday as sliding tech shares slowed the recent record-setting stock runup. S&P 500 and NASDAQ each fell 0.61% and 0.62% respectively while DJIA also declined by 0.54%. Both S&P 500 and NASDAQ have closed on records on last Friday while building on a post-election rally that has pushed stocks to several all-time highs in the past month. On Monday, we saw the AI trade suffered a bump, AI chipmaker Nvidia (NVDA) shares fell more than 2% after Chinese regulators said they were investigating the company over possible violations of anti-monopoly laws. Shares of AI server