Market Overview

The following is a partial recap of the market analysis shared during today’s morning Discord call. The market starts mostly flat today, as talks of peace and escalation occur simultaneously. Subsequently, oil prices have returned to where they were when the market closed yesterday. Our market in the meantime is up by 0.80%, and Iron Ore sees a surge in value as demand has increased in China and Singapore. We recommend keeping an eye on news headlines from the Middle East and China as the country comes out of a five-day holiday.

Semiconductors

Semiconductors continue on the same upward trajectory, beginning at the end of March, and reach a new all-time high. The industry remains the driving force, particularly in the U.S. market. It’s highly probable that we’re going to see a sell-off at some point, most likely with an earnings report or another event acting as a catalyst. For now, the most notable stock in the sector is NVIDIA (NVDA), which is in the green once again, but seems to be lagging behind the rest of the sector.

Tencent (700)

Tencent sees a 3.5% increase in value today, as the Chinese market reopens, following China’s five-day-long Labour Day holiday. This should have a notable effect on Naspers (NPN) and Prosus (PRX), which have performed very well as of late ,despite Tencent’s recent poor performance, with Naspers going up by 4.1%, and Prosus by just shy of 2.5%. While Tencent has traded poorly as of late, we speculate that it could see a boost to the HK$500 range or higher if it shows a good performance on its upcoming earnings.

Earnings

Today has quite a few notable earnings, mainly in the tech sector. Below are a few, starting with pre-market earnings.

McDonald’s (MCD)

McDonald’s shares have seen a slow decline since the beginning of the conflict in the Middle East. Their earnings usually don’t cause any dramatic shifts, but their data can be used to gauge the state of the global consumer market. The company has scheduled its earnings for the pre-market today.

ACM Research (ACMR)

ACM is an American semiconductor company listed on the Nasdaq 100 (NDX) index. The company’s earnings are scheduled for the pre-market today.

IREN Ltd (IREN)

IREN is an Australian tech company, specialising in A.I. and Bitcoin mining. Notably, a number of politicians have purchased shares in IREN, and its earnings are scheduled for after-market today.

CoreWeave (CRWV)

CoreWeave is an American cloud computing company that lends its infrastructure to A.I. developers. The company’s earnings are scheduled for the aftermarket today.

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