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 – “Lower Treasury Yields and Nvidia Surge Propel Wall Street; Domestic Equities A Sea of Green” (6 Feb 2025)
Global markets
$Dow Jones Industrial Average (.DJI.US)$ DJ +0.71%, $S&P 500 Index (.SPX.US)$ S&P500 +0.39%, $NASDAQ 100 Index (.NDX.US)$ Nasdaq +0.19%
Earnings season retook the centre of stage and investors calmed down on deescalated trade war fears. US equities rallied, thanks to falling long-term interest rates and NVDA (+5.21%) and shrug off disappointing quarterly reports by $Alphabet-A (GOOGL.US)$ Alphabet (-7.3%), $Advanced Micro Devices (AMD.US)$ AMD (-6.3%) and $Uber Technologies (UBER.US)$ Uber (-7.6%).
GOOGL upset market after its results were below consensus and slowing growth in its cloud business, closely linked to AI. GOOGL plans to spend USD 75 billion on AI capex, much higher than USD 58 billion estimated by analysts.
Bond yield was the hero overnight, pushing equities higher due to softer service PMI (down from 54.0 to 52.8 in January vs forecast of 54.0). Nowadays, bad data, good market. Market now prices in 2 times rate cut in year 2025 (25 bps cut in June and another 25 bps cut in December).
Malaysia markets
Local Macro
KLCI Performance
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ KLCI @ 1,574.51 (+9.95 points) with volume MYR 2.32 billion
Malaysia equity flow (MYR million)
Sectoral performance (%)
Domestic equities enjoyed on improved risk sentiment with higher traded volume. A sea of green!
Stocks on focus:
$AUMAS (0098.MY)$ AUMAS (+7.30%) operates as a mining company. It acquires and develops gold mining projects. As of previous close, its P/E was around 39 and dividend yield about 1.57%.
Bloomberg source: AUMAS graph and volume
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