NVDA
NVIDIA
-- 121.670 TSLA
Tesla
-- 249.980 QBTS
D-Wave Quantum
-- 10.150 PLTR
Palantir
-- 86.240 INTC
Intel
-- 24.050 Trader’s Look at Market – “Global Investors brace for NFP tonight; NORTHERN Steals Spotlight with IPO Surge” (7 Feb 2025)
Global markets
$Dow Jones Industrial Average (.DJI.US)$ DJ -0.28%, $S&P 500 Index (.SPX.US)$ S&P500 +0.36%, $NASDAQ 100 Index (.NDX.US)$ Nasdaq +0.51%
Initial jobless claims reported 219,000 vs consensus of 214,000.
Investors are waiting tonight job data – NFP, estimate of 175,000 jobs January, much lower than 256,000 in December.
Chips companies encountered selling pressure, $Qualcomm (QCOM.US)$ Qualcomm (-6.54%) forecasted no growth for its patent licensing business. $Arm Holdings (ARM.US)$ ARM (-5.79%) provided guidance of neutral revenue outlook, disappointing investors expectation that high demand of AI might push for stronger sales.
Bond investors and analysts need more data to digest as market expects Trump’s trade and fiscal policies will push yields higher, despite government spending cut.
Malaysia markets
Local Macro
KLCI Performance
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ KLCI @ 1,585.17 (+10.66 points) with volume MYR 2.11 billion
Malaysia equity flow (MYR million)
Selling pressure from foreigners continued, but at a lower pace yesterday, about MYR 27 mil outflow. YTD outflow accumulated to MYR 3.34 billion.
Sectoral performance (%)
Another convincing gain day for local equities across the board!
Stocks on focus:
$NORTHERN (0340.MY)$ NORTHERN (+25.40%) skyrocket on its listing debut from IPO price of 0.630 to close at 0.790 yesterday. NORTHERN specializes in the engineering, procurement, construction and commissioning of solar PV systems and generation of renewable energy.
Survey:
Survey:
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment