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ShaoXuan 2378 Female ID: 102497657
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    Stock futures were flat in overnight trading on Thursday after two straight days of gains pushed major averages into positive territory for the week.
    Futures on the $Dow Jones Industrial Average(.DJI.US)$ futures were up 20 points. $S&P 500 Index(.SPX.US)$futures and $NASDAQ 100 Index(.NDX.US)$ futures were little changed.
    $Devon Energy(DVN.US)$ $Salesforce(CRM.US)$ $Apache(APA.US)$
    $Entergy(ETR.US)$ $Digital Realty Trust Inc(DLR.US)$ $ResMed(RMD.US)$
    S&P 500 Movers for Thursday (9/23)
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    When money realizes that it is in good hands, it wants to stay and multiply in those hands.
    Asia set for steady open, curve flatter after Fed
    Asian stocks look set for a steady open Thursday after U.S. shares took in their stride the prospect of a reduction in Federal Reserve stimulus as early as November. The Treasury yield curve flattened.
    Futures rose in Australia, while Japan is closed for a holiday and Hong Kong will reopen from one. The $S&P 500 Index(.SPX.US)$ climbed for the first time in five sessions and the $NASDAQ 100 Index(.NDX.US)$ ended higher. U.S. contracts edged up.
    Powell says Fed taper could start 'soon' and end around mid-2022
    Federal Reserve Chair Jerome Powell said the U.S. central bank could begin scaling back asset purchases in November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year.
    Powell, explaining the U.S. central bank’s first steps toward withdrawing emergency pandemic support for the economy, told reporters Wednesday that tapering “could come as soon as the next meeting.”That refers to the policy gathering on Nov. 2-3.
    North America fertilizer firms gain amid EU nitrogen price spike
    European nitrogen prices are set to soar, putting North American fertilizer companies like $CF Industries Holdings(CF.US)$ at an advantage. Prices of natural gas, the main feedstock for most nitrogen producers, are skyrocketing in Europe, which will drive up prices for products like nitrogen fertilizer globally.
    The high fertilizer prices are raising the cost to produce agriculture commodities, adding to concerns about global food inflation. Prices could continue to soar through the spring, Isaacson said.
    Apple denies request by Epic to bring 'Fortnite' developer account back
    $Apple(AAPL.US)$ won't be letting the popular videogame "Fortnite" back onto the iPhone anytime soon.
    Epic Games Chief Executive Tim Sweeney said Wednesday that Apple told the maker of "Fortnite" that its ability to release software on Apple platforms won't be reinstated until its litigation against the iPhone-maker is resolved.
    Software firm Freshworks jumps 32% after $1 billion IPO
    $Freshworks(FRSH.US)$ rose 32% after raising $1 billion in an initial public offering priced above a marketed range.
    Shares of the software company closed at $47.55 Wednesday in New York trading, giving it a market value of $13 billion. Accounting for employee stock options and restricted stock units, Freshworks would have a fully diluted value of more than $14 billion. The potential competitor to far larger $Salesforce(CRM.US)$ was valued at $3.5 billion in a 2019 funding round.
    Toast whets appetite for consumer IPOs with $20bn stock market debut
    The restaurant technology provider $Toast(TOST.US)$ whetted the appetite of investors in one of the year's largest US listings on Wednesday, leading a wave of consumer-focused companies hoping that enthusiasm for new technology will override recent jitters about the health of the economic rebound.
    The offering price of $40 a share gave the seven-year-old company an implied market capitalisation of $20bn. Shares in the company jumped a further 50 per cent in early trading on Wednesday morning.
    Facebook chief technology officer to step down; Zuckerberg appoints hardware boss as replacement
    $Facebook(FB.US)$ Chief Technology Officer Mike Schroepfer announced on Wednesday he will be stepping down from his role. He will be replaced by Andrew "Boz" Bosworth, who is currently the head of Facebook's hardware division.
    The change in leadership comes after a series of report last week that shed light on how Facebook either ignores or fails to properly address numerous problems affecting users across its services. That includes the impact that Instagram has on the mental health of teenage girls as well as how Facebook is exploited by drug cartels in Mexico to recruit hitmen, among several other issues.
    SEC asks dozens of companies for more climate disclosures
    SEC published Wednesday a list of requests that SEC staff have been sending to chief financial officers in connection to a 2010 guidance document on climate-change disclosures.
    The SEC hasn't revealed which companies have received the letters, but a person familiar with the matter said they had been sent to firms in industries including agriculture, oil and gas, banking, real estate and trucking.
    Source: Bloomberg, WSJ,CNBC, Financial Times
    Wall Street Today: Toast, Freshworks make strong market debuts
    3
    There are many, many ways to pick a stock, and this only makes sense because there are many, many ways to invest. From value investing to swing trading to day trading, there's a unique basket of stocks for each of these strategies.
    For value investing, we tend to look at metrics like PE ratio, free cash flow, shares outstanding and of course the debt and revenue of the company. We then decide on the intrinsic value of each stock and try to buy it at a discount. My top value pick as of today would be $Alibaba(BABA.US)$  , trading at just under $160 a share. The company's consistent revenue growth, buyback of shares and insane amounts of free cash flow make this a screaming buy, yet the performance of the stock is hugely affected by anti-monopolistic practices in China, which have had a direct impact on the company and the stock price. Yet, I still do believe that this is a play worth looking at from a value perspective.
    For swing trading, we look at stocks which are known to have high volume. We pick these stocks based on their short term developments and catalysts, whether it's an earnings report coming up, or a conference call, or an FDA approval. I like to pick stocks which I wouldn't mind owning in the long-run even if my strategy does not go to plan, so I still do my due diligence. One stock which I've been consistently making money from using swing trading is $NIO Inc(NIO.US)$ . However, due to the recent downward pressure, I've opted for $SoFi Technologies(SOFI.US)$ and $Palantir(PLTR.US)$ instead.
    For day trading, we're almost always only interested in the technical analysis. This is where candlestick charts and moving averages come into play, and we choose stocks based on where they're trading at and their respective volumes. Occasionally, meme stocks which receive a nice pump can also be a nice day trading opportunity. I've been day trading with stocks like $Atossa Therapeutics(ATOS.US)$ and $ContextLogic(WISH.US)$ .
    I've left a bonus paragraph here for the "apes" who are trading stocks like $AMC Entertainment(AMC.US)$ . While these picks may not be well substantiated by company financials, it is possible to make huge bank during a short squeeze. My risk appetite is not suited for such picks, but I do know people who dedicate a small part of their portfolio to such plays, and it has turned out positively for them overall.
    Of course, one thing to keep in mind is that the stock market is dynamic. Things are changing around the world and we have to be able to adapt to different market conditions. Knowledge is your friend - read up on what's happening in the global economy and use that as a guide for your decisions! While you're at it, find out new ways to trade! Be it short-selling or trading options, it doesn't hurt to know new ways to benefit from market conditions.
    At the end of the day, do your own research! None of what I said is financial advice. However, what I can tell you is that it's very important to identify your strategy and stick to it. Know your own risk appetite, and refrain from investing in stocks due to Fomo (fear of missing out). At the end of the day, you're responsible for every decision you make, so think it through wisely and do your own due diligence - find out what works for you!
    Happy trading everyone!
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