$Tesla(TSLA.US$ If you don't fill the gap, it will stabilize; if you fill it up, it will come out
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On the eve of the Federal Reserve interest rate meeting, the S&P 500 reached another record high, the 18th closing high this year. It has soared more than 8% so far this year, outperforming the NASDAQ index and the Dow Jones Industrial Average.
Wall Street strategists are getting more and more optimistic $ S&P 500 INDEX (.SPX.US) $As the index repeatedly climbed to new highs, many raised their year-end targets. Goldman Sachs's John Frode commented that institutional investors are expanding their focus from simple tech giants to more opportunities, which indicates a “very healthy” improvement in market breadth. Flood predicts that the S&P 500 may break through the 5500 key level in the second quarter of this year and continue to rise as the market trajectory “expands”.
The rise in the S&P 500 was not only driven by well-known stocks, such as $ INVEDA (NVDA.US) $ und $MetaPlatforms (META.US) $ But so are some energy companies.
One possible reason is that trending generative artificial intelligence is expected to rapidly expand global electricity demand.
“We expect there will be room for growth in power suppliers and data center infrastructure stocks, but we don't expect GenAI Power to drive the development of regulated utilities,” Morgan Stanley analysts wrote in a research note last month. “In our opinion, GenAI's rapid increase in electricity demand is unknown and is not being factored into many stocks.”
Wall Street strategists are getting more and more optimistic $ S&P 500 INDEX (.SPX.US) $As the index repeatedly climbed to new highs, many raised their year-end targets. Goldman Sachs's John Frode commented that institutional investors are expanding their focus from simple tech giants to more opportunities, which indicates a “very healthy” improvement in market breadth. Flood predicts that the S&P 500 may break through the 5500 key level in the second quarter of this year and continue to rise as the market trajectory “expands”.
The rise in the S&P 500 was not only driven by well-known stocks, such as $ INVEDA (NVDA.US) $ und $MetaPlatforms (META.US) $ But so are some energy companies.
One possible reason is that trending generative artificial intelligence is expected to rapidly expand global electricity demand.
“We expect there will be room for growth in power suppliers and data center infrastructure stocks, but we don't expect GenAI Power to drive the development of regulated utilities,” Morgan Stanley analysts wrote in a research note last month. “In our opinion, GenAI's rapid increase in electricity demand is unknown and is not being factored into many stocks.”
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$Sea Garden (S51.SG) $: Seatrium was formed by merging the marine and maritime divisions of Sembcorp Marine and Keppel. On Investor Day, it set a goal of quadrupling its profit before interest, tax, depreciation and amortization to more than $1 billion by FY2028. The company aims to achieve this by maintaining the delivery of its traditional projects, increasing profit margins, and optimizing its cost and asset base. It has identified $300 million in annual synergies and cost savings through standardized pricing with customers and reduced administrative expenses, and aims to save $200 million in procurement by managing a more effective supply chain. Seatrium's order volume is approximately $16.2 billion, and the goal is to win a share of the $500 billion potential market from the “energy trilemma” over the next five years.
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Investment Highlights Updated: 03/07/24
Powell is confident that inflation will fall back, and interest rate cuts are still the general direction
Benefit
Federal Reserve Chairman Powell testified in the House of Representatives and Senate to publish the latest semi-annual monetary policy report. He reiterated to members of Congress that the authorities are not in a hurry to cut interest rates until they are convinced of successfully fighting inflation. According to the testimony prepared by Powell, it may be appropriate to start cutting interest rates “sometime this year,” but it also shows that preparations have not yet been made. He has some confidence in reducing inflation to the target. He wants to see more data before cutting interest rates. He doesn't want inflation to reach 2% before easing begins, and Fed officials need to be “more confident” that inflation falls back to 2% 👍👍👍
Powell is confident that inflation will fall back, and interest rate cuts are still the general direction
Benefit
Federal Reserve Chairman Powell testified in the House of Representatives and Senate to publish the latest semi-annual monetary policy report. He reiterated to members of Congress that the authorities are not in a hurry to cut interest rates until they are convinced of successfully fighting inflation. According to the testimony prepared by Powell, it may be appropriate to start cutting interest rates “sometime this year,” but it also shows that preparations have not yet been made. He has some confidence in reducing inflation to the target. He wants to see more data before cutting interest rates. He doesn't want inflation to reach 2% before easing begins, and Fed officials need to be “more confident” that inflation falls back to 2% 👍👍👍
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小白公主OP : I bought it in the morning and today is EX-Day
小白公主OP : Thanks