$YTL(4677.MY)$
Yang Zhongli's institutional volume and price have risen sharply, and the sharp rise in stock prices has reached its highest level in two months.
The main reason for this is that major investment banks say that the company's stock price still has a lot of room to rise, thus boosting buying. Some have even given a target price of RM3.33.
So do you think the company's stock price can go higher? Will Malaysia's FTSE Composite Index benefit from this? We welcome your comments.
$FTSE Malaysia Index(.KLSE.MY)$
Source: Nanyang Commercial Daily, Bursa Malaysia
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.

$Canopy Growth Corp(WEED.CA)$ "Canada is still the only nation with national legal recreational cannabis. Everyone else can fuck off til they can say that. And yes I am aware of Uruguay but it isn't really the same they treat it like OTC drugs at a pharmacy.
Reduceing weed taxes is not politically viable as part of the budget if you got out of your weedstock bubble once in a while you'd realize that."

$Lucid Group(LCID.US)$ Lucid is making some very nice EVs but they are in the luxury class with no plans to dip down in to the Model 3/Y market. Good luck to them but they will not be a threat to $Tesla(TSLA.US)$ for a very long time.

$Intel(INTC.US)$is definitely undervalued, however $Advanced Micro Devices(AMD.US)$will grow into it's current valuation allot quicker than expected. Inclusive of $Xilinx(XLNX.US)$, AMD can realistically hit $30B revenue by the end of 2022. Demand for their high margin server and HPC products is insane, and Intel won't have anything to compete till 2025. SR won't be out till around 2Q or 3Q 22 and 5nm Genoa is already sampling to customers. 128 core Zen4c Bergamo will be out in 1Q23 and there is no way Intel is getting on 3nm before $Apple(AAPL.US)$does in 1Q23.

$Apple(AAPL.US)$ Two things Apple could do to minimize the impact if they are forced to allow third party app stores:
1) don't allow developers to offer an app on both Apple's App Store and a third party app store. If they offer it on the third party app store it is removed from Apple's App Store. That will prevent developers of popular apps like Facebook from making them also available on third party app stores and legitimizing them in consumer's minds.
2) have iOS only support one app store at a time. If you switch to another app store your Apple App Store apps stop getting updates. You could switch back after installing an app from another app store, but then that app would not be updated unless you later switched again to check for updates.

So Cathie’s solution to $ARK Innovation ETF(ARKK.US)$'s decline from 120 to 108 is stay long ARKK’s overvalued formerly momentum stocks and start fading value?
Very curious what they will define as value. Bank stocks? $Coca-Cola(KO.US)$ and $PepsiCo(PEP.US)$? $Unity Software(U.US)$? $Exxon Mobil(XOM.US)$?
Cathie Wood comes off as being very close to desperate.
I imagine that their market feedback is showing that her policy of selling winner portfolio stocks and buying even more overvalued high risk/no or weak earnings stocks is wearing thin.
The trail of failure is pretty pronounced
$Palantir(PLTR.US)$
$Roku Inc(ROKU.US)$
$DraftKings(DKNG.US)$
$Zillow-C(Z.US)$
Just to name a few.

It's that time of year for $Disney(DIS.US)$ annual report, and poring through its length gives some clues to the company's investment plans ahead.
Coming to the forefront of key questions for streaming services is the still-growing need for ever more content to feed them; Disney's no exception there, and it gave considerable attention on its earnings call earlier this month to the rebound it expects when the programs it's planning make their way through the pipe.
The annual report gives an indicator of Disney's seriousness there. It currently expects fiscal 2022 spend on "produced and licensed content, including sports rights" to be as much as $33 billion - about $8 billion more than an already-high 2021 figure.
That boost is "driven by higher spend to support our (direct-to-consumer) expansion and generally assumes no significant disruptions to production due to COVID-19," the company says.
As for corporate-wide capital expenditures, it's looking to raise those in 2022 to $6.1 billion from 2021's total of $3.6 billion, expecting "higher spending on cruise ship fleet expansion, corporate facilities and production facilities and technology" at its Disney Media and Entertainment Distribution segment.
The report also lays out the number of subscribers to Disney's linear pay-TV channels, and they indicate a still-hefty decline in ESPN subs, among the priciest in all of pay television.
Domestic subscribers to ESPN fell to 76 million from 2020's 84 million. (Considering bundling, 76 million also represents the number of subs for Disney Channel, ESPN 2, Freeform, and National Geographic.) For the Fox channels it inherited in its acquisition of those media assets, FX had 77 million subscribers in 2021, while FXX had 72 million and FXM 47 million.
On an international basis, Disney Channel has 162 million subscribers; ESPN has 64 million; Fox has 184 million; and National Geographic 320 million. Star General Entertainment has 132 million subs while Star Sports has 84 million.
Disney's expecting to rule the long holiday weekend at the box office with the most recent release from its animation department, Encanto.

$ARK Innovation ETF(ARKK.US)$ For perspective, the chart taken below from the ARK Invest website presented ARKK's top-ten holdings of the ARK Innovation ETF as of August 9th, 2021.
Looking at a similar snapshot today, which is shown below, even though Tesla's shares have galloped higher, Cathie Wood has been a consistent seller, and the market value of Tesla shares held at ARKK has actually declined.
Sticking with the top-ten holdings of the ARK Innovation ETF as of August 9th, 2021, and looking at a performance update today is illuminating.
Here was the performance year-to-date of the top holdings of ARKK, as of August 9th, 2021, interspersed with the SPDR S&P 500 ETF, and the Invesco QQQ Trust.
$Shopify(SHOP.US)$ - Up 36.9%
$Block(SQ.US)$ - Up 28.5%
$Roku Inc(ROKU.US)$ - Up 19.8%
$SPDR S&P 500 ETF(SPY.US)$ - Up 19.0%
$Nasdaq Composite Index(.IXIC.US)$ - Up 17.8%
$Zoom Video Communications(ZM.US)$ - Up 13.6%
$Coinbase(COIN.US)$ - Up 12.2%
$Twilio(TWLO.US)$ - Up 11.1%
$Tesla(TSLA.US)$ - Up 1.2%
$Teladoc Health(TDOC.US)$ - Down 24.7%
$Unity Software(U.US)$ - Down 28.2%
$Spotify Technology(SPOT.US)$ - Down 28.6%
At that point in time, only three holdings of the top-ten holdings in the ARK Innovation ETF, more specifically, Shopify, Square, and Roku, were outperforming the 19.0% gain in the S&P 500 Index, and the average performance of the top-ten holdings was a gain of 4.2%. This was a better return than the ARK Innovation ETF itself, which remember was up only 0.2% YTD through August 9th, 2021.
Ranking that same list of companies, here are the updated year-to-date return figures as of November 23rd, 2021.
$Tesla(TSLA.US)$ - Up 57.2%
$Shopify(SHOP.US)$ - Up 39.0%
$Nasdaq Composite Index(.IXIC.US)$ - Up 27.1%
$Coinbase(COIN.US)$ - Up 26.9%
$SPDR S&P 500 ETF(SPY.US)$ - Up 26.5%
$Unity Software(U.US)$ - Up 14.7%
$Block(SQ.US)$ - Down 3.3%
$Twilio(TWLO.US)$ - Down 18.7%
$Spotify Technology(SPOT.US)$ - Down 22.8%
$Roku Inc(ROKU.US)$ - Down 31.9%
$Zoom Video Communications(ZM.US)$ - Down 38.7%
$Teladoc Health(TDOC.US)$ - Down 48.4%
There has been a wholesale change in the performance rankings, with SHOP really the only constant. Today, three of the ARKK top-ten components are outperforming the SPDR 500 ETF. Looking closer, only two of the ARKK top-ten components are outperforming the Invesco QQQ Trust, and these two are TSLA and SHOP. The average performance of the top-ten holdings has declined from a 4.2% gain as of August 9th, 2021, to a 2.6% loss. Notably, this is less of a decline in the performance of ARKK itself, which was up 0.2% as of August 9th, 2021, yet is down by 14.9% as of November 23rd, 2021. Compared to August 9th, 2021, the biggest market capitalization positions have thrived, yet it is the underbelly of ARKK that has seen a more dramatic sell-off, which is of course represented by some underperforming companies in ARKK's top-ten list, notably TDOC, ZM, and ROKU.