2024 New Year's Address | Roaring into the New Year, Embarking on a Global Asset Allocation Adventure

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2024-02-08 00:00uSMART

Unexpected Earnings: 3 Stocks that Beat Analysts' Expectations

As earnings for the final quarter of 2023 continue to be reported, there is a mix of results among companies. While some, like Tesla (NASDAQ:TSLA), are falling short of expectations, there are others that are pleasantly surprising investors with stronger-than-expected financial performance. With only 10% of S&P 500 companies having reported their Q4 2023 results, 62% have announced profit and sales surprises, according to FactSet. Let's take a closer look at three stocks that have exceeded analyst expectations: IBM (IBM)IBM's stock (NYSE:IBM) soared by 11% following the release of its fourth-quarter financial results. The technology giant reported earnings per share (EPS) of $3.87, surpassing the expected $3.78. Revenue totaled $17.38 billion, slightly higher than the forecasted $17.30 billion. IBM's sales increased by 4% compared to the previous year. Notably, the company's Q4 gross margin was the highest since 1999. IBM expects $12 billion in free cash flow in 2024 and mid-single-digit revenue growth. Overall, IBM stock has seen a 38% increase over the last 12 months. American Airlines (AAL)American Airlines' stock (NASDAQ:AAL) rose by 8% after the company reported better-than-expected Q4 earnings and provided an optimistic outlook for the year ahead. The airline posted Q4 EPS of 29 cents on revenue of $13.10 billion, outperforming the predicted 11 cents on $13 billion in sales. American Airlines attributed its success to the continued strength in air travel post-pandemic, including record bookings over the recent holiday season. The company expects earnings of $2.25 to $3.25 per share for 2024, surpassing analyst expectations of $2.14 per share. While AAL stock had declined by 7% over the past year, the strong Q4 performance suggests a potential turnaround. Service Now (NOW)ServiceNow's stock (NYSE:NOW) performed well ahead of earnings and continued to impress with its Q4 results. The software company reported EPS of $3.11, surpassing the expected $2.78. Quarterly revenue reached $2.437 billion, marking a 26% YoY increase and surpassing Wall Street forecasts. ServiceNow attributed its strong performance to the rising demand for its AI products and the launch of 15 generative AI software offerings. The company provided optimistic guidance, expecting subscription revenue of $2.510 billion to $2.515 billion for Q1 2024, and projecting subscription revenues of $10.555 billion to $10.575 billion for the full year, representing a 22% YoY growth. NOW stock has seen significant gains, rising by 72% over the last 12 months and 305% over the past five years. In summary, IBM, American Airlines, and ServiceNow have all delivered impressive earnings results, exceeding analyst expectations and driving their stock prices higher. Disclaimer: The content and information contained all general information and data (“ Information”) for reference only and does not constitute an offer or a solicitation for sale or recommendation of any investments, trading strategies or investment products. Our company uses its reasonable endeavours to ensure the accuracy and reliability of the information provided, but cannot guarantee its accuracy, and will not be liable for any loss or damage arising from any inaccuracy or omission.
2024-01-29 18:11uSMART

Breaking News: SEC Approves 11 Spot Bitcoin ETFs

Breaking News: SEC Approves 11 Spot Bitcoin ETFs – A Game-Changer for Crypto Investors Introduction: The U.S. Securities and Exchange Commission (SEC) has granted approval to 11 Spot Bitcoin Exchange-Traded Funds (ETFs), marking a groundbreaking moment for cryptocurrency investors. This approval, issued on January 11, 2024, is expected to have a profound impact on the crypto industry, enabling the trading of spot bitcoin ETFs starting this Thursday. 11 Spot Bitcoin ETFs Approved ARK 21Shares Bitcoin ETF (ARKB) Bitwise Bitcoin ETF (BITB) Fidelity Wise Origin Bitcoin Trust (FBTC) Franklin Bitcoin ETF (EZBC) Grayscale Bitcoin Trust (GBTC) Hashdex Bitcoin ETF (DEFI) Invesco Galaxy Bitcoin ETF (BTCO) iShares Bitcoin Trust (IBIT) Valkyrie Bitcoin Fund (BRRR) VanEck Bitcoin Trust (HODL) WisdomTree Bitcoin Fund (BTCW) Key Takeaways: 1.Spot Bitcoin ETF Approvals: The SEC has given its approval to a roster of 11 Spot Bitcoin ETFs, featuring reputable entities such as ARK 21Shares, Bitwise, Fidelity, Grayscale, and others. This decision is anticipated to create opportunities for heightened investment and engagement in the cryptocurrency realm. 2.Investor Appeal: The approval of spot bitcoin ETFs is seen as a strategic move to attract a broader range of investors. These ETFs are designed to provide exposure to payment tokens, making cryptocurrency investment more accessible to a diverse investor base. 3.Regulatory Seal of Approval: The SEC's approval serves as a crucial regulatory endorsement for the world's largest cryptocurrency. This seal of approval is anticipated to mitigate some investor concerns, offering regulatory safeguards and the opportunity to invest with reputable financial firms. 4.Impact on Bitcoin Price: The anticipation of significant investments flowing into spot bitcoin ETFs has contributed to a substantial boost in Bitcoin prices. Analysts project substantial growth in the spot bitcoin ETF market, estimating it could reach $100 billion over time. 5.Retail Investor Access: Unlike traditional methods where retail investors could only gain exposure to cryptocurrencies through direct purchases or ETFs trading in cryptocurrency futures, spot bitcoin ETFs now allow investors to access bitcoin without the need for a bitcoin wallet. Regulatory Journey: The road to approving spot bitcoin ETFs has been a long one. Initiated in 2013 with the Winklevoss twins' application, subsequent applications faced challenges and rejections. However, the SEC's stance began to change in 2021, marking a shift in perception towards spot-based bitcoin ETFs. Recent estimates suggest significant inflows into spot bitcoin ETFs, with market size projections reaching $100 billion. Cautionary Note: SEC Chair Gensler emphasizes the importance of investors considering associated risks before investing in products tied to cryptocurrencies. While regulatory approval brings credibility, it is crucial for investors to remain vigilant and well-informed about the potential risks involved. Please click to read, understand, and acknowledge the relevant risks associated with payment tokens before trading at uSMART. https://m.usmartsg.com/u/0120000nA1v Conclusion: The approval of 11 spot bitcoin ETFs by the SEC signifies a monumental step towards mainstream acceptance of cryptocurrencies. As these ETFs become available for trading, they are expected to reshape the dynamics of crypto investments, inviting a broader audience and injecting new vitality into the digital asset market. Investors are encouraged to stay informed, exercise caution, and explore the opportunities presented by this transformative development. For more information, please download uSMART app. [image]
2024-01-12 18:25uSMART

23 Oct 2023: US Macro Strategy Weekly Report(23-27 Oct 2023)

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2023-10-25 11:14uSMART

2023/10/09 US Macro Strategy Weekly Report(9th-13th October 2023)

US Macro Strategy Weekly Report – 9 Oct 2023 By James Ooi/ uSMART Market Strategist Over 13 years of experience in buy-side and sell-side of capital markets Former Fund Manager of renowned asset management firmFocus on fundamental analysis and macro-outlook for US & Singapore marketsSGX Academy trainer [image]
2023-10-09 14:21uSMART

20230918 US Macro Strategy Weekly Report(18th-22nd September 2023)

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2023-09-18 16:44uSMART

20230911 US Macro Strategy Weekly Report(11th-15th September 2023)

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2023-09-11 15:26uSMART

20230904 US Macro Strategy Weekly Report(4th-8th September 2023)

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2023-09-04 16:53uSMART

20230821US Macro Strategy Weekly Report(21August-25August 2023)

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2023-08-21 17:28uSMART