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Apple Shares: $100M Investment Proposal

Economy

Apple (NASDAQ) has proposed a $100 million investment in Indonesia to establish a manufacturing plant for accessories and components, according to the country’s industry ministry. The move follows a ban on sales of Apple’s iPhone 16 due to the company’s failure to meet Indonesia’s local content requirement, which mandates that 40% of smartphone components sold domestically be locally produced.

The proposed facility in West Java signals Apple’s intent to align with the regulation and regain market access in Southeast Asia’s largest economy. The industry minister’s forthcoming meeting on Thursday underscores the government’s openness to Apple’s commitment.

Apple’s existing footprint in Indonesia includes application developer academies established since 2018, with investments totaling approximately 1.6 trillion rupiah ($99 million). This latest proposal would mark Apple’s first manufacturing presence in the country, showcasing its willingness to deepen its ties with local industries.

The ban is not exclusive to Apple; Alphabet (NASDAQ) has faced similar restrictions for non-compliance with the same regulation. These challenges highlight the increasing push by Indonesia to boost its domestic manufacturing capabilities and reduce reliance on imports.

Apple’s response to these regulatory hurdles could set a precedent for other global tech firms aiming to operate in the region, balancing compliance with local laws and maintaining competitive advantages in emerging markets.

Apple Share Stock Chart

Apple (AAPL 0.11%) remains a dominant force, with a market cap hovering around $3.4 trillion after peaking at $3.6 trillion. For the tech giant to hit a $4 trillion valuation, its stock would need an 18% gain—potentially achievable given its 17% rise this year and steady financial performance.

In Q4 FY2024, Apple reported $95 billion in revenue, a 6% year-over-year increase, with Wall Street projecting mid-single-digit growth moving forward. Earnings per share are expected to rise modestly, although the impact of Apple Intelligence on future results remains uncertain.

Valuation, however, raises questions. Trading at 37 times trailing 12-month earnings—above its five-year average of 29—Apple stock may be overvalued, creating near-term risks. While the company’s dominance justifies a premium, its elevated valuation and recent pullbacks could signal caution for investors. Despite this, Apple’s steady growth trajectory keeps its $4 trillion milestone within reach.

The post Apple Shares: $100M Investment Proposal appeared first on FinanceBrokerage.

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Stocks

Three Ways Top Investors Track Sector Rotation

Stocks

In this video, Dave outlines three tools he uses on the StockCharts platform to analyze sector rotation, from sector relative strength ratios to the powerful Relative Rotation Graphs (RRG). Dave shares how institutional investors think about sector rotation strategies, evaluating the current evidence to determine how money managers are allocating between offensive and defensive sectors following the US elections.

This video originally premiered on November 19, 2024. Watch on our dedicated David Keller page on StockCharts TV!

Previously recorded videos from Dave are available at this link.

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Stocks

SCTR Report: The Palantir Trade Follow-Up—Transform Insights into Actions

Stocks

There are times when the price action of a stock is worth analyzing further. This article is a follow-up to last week’s StockCharts Technical Rank (SCTR) Report pick, Palantir Technologies (PLTR). The stock sold off significantly on Monday, and, in the blog post, I mentioned that I would buy PLTR if the stock price pulled back and reversed. I used the 15-day exponential moving average (EMA) as a support level, but was willing to tighten it if necessary.

It just so happened that PLTR sold off on Monday, after which I monitored the stock closely. Monday’s low reached the low of the previous five trading days and bounced from there (blue dashed horizontal line in the chart below). That level aligns with the 10-day EMA. On the daily chart, the last three candlestick bars have relatively large price ranges. The last bar shows more buying pressure. Is PLTR showing signs of moving higher? To answer this question, you need to look at the indicators.

FIGURE 1. DAILY CHART OF PALANTIR STOCK. After hitting a high on November 15, PLTR pulled back to the lows of the last few trading days (blue dashed line). This aligns with the 10-day exponential moving average.Chart source: StockCharts.com. For educational purposes.

The SCTR score remains at a high 99.5, indicating the stock is technically strong. Let’s turn to the other conditions for entering a long position in PLTR.

  • Volume. The total trading volume is insufficient to convince me the upward price move will be sustained.
  • Momentum. The relative strength index (RSI) is weakening, although slightly above 70.
  • Overbought/oversold. The full stochastic oscillator remains in overbought territory, although the %K and %D lines have converged and are at similar levels.

On Tuesday, PLTR sold off in early trading along with the rest of the broader indexes. However, once things started to turn around, PLTR’s stock price rose, closing at $62.98. The price action doesn’t confirm a buy as of Tuesday’s close, although that could change tomorrow.

The Game Plan

  • If PLTR has upside momentum on Wednesday morning, with high volume, a rising RSI, and the stochastic in overbought territory, I will enter a long position. I’d use the support of the 10-day EMA as a stop loss level and exit the position if price crosses below the EMA.
  • If price doesn’t move much on Wednesday, I’d wait patiently for the opportune entry point.
  • If price shows downside movement (i.e. PLTR closes below the 10-day EMA or horizontal dashed blue line, the RSI and stochastic turn lower), I’d keep PLTR in my ChartList but revisit it later. Given that it is an AI-related stock that is actively traded, it’s not worth dismissing the stock.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

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Investing

American Pacific Gains Full Ownership of Palmer VMS Project, Secures US$10 Million

Investing

American Pacific Mining (CSE:USGD,OTCQX:USGDF) has entered into an agreement to fully acquire the Palmer volcanogenic massive sulfide (VMS) project, located in Southeast Alaska, US.

The deal, which is between American Pacific, its subsidiary Constantine North and Dowa Metals & Mining Alaska, involves the transfer of Dowa’s stake in Constantine Mining, the entity that is overseeing Palmer.

Constantine North will receive Dowa’s interest in Palmer, and Dowa will pay American Pacific US$10 million in exchange for an option to purchase up to 50 percent of the zinc concentrate produced during the project’s initial and subsequent years of production. Certain indemnities are also outlined in the purchase terms.

The transaction is subject to customary closing conditions and is expected to conclude before the end of the fourth quarter of 2024. Upon completion, American Pacific will have full ownership of Palmer.

“An updated mineral resource estimate (MRE) is underway, and this transition consolidates ownership and provides a clear path forward with a renewed focus on advanced exploration and resource expansion, which we believe will create significant value for a Project that currently includes a small fraction of the known VMS showings in the current MRE,” American Pacific CEO Warwick Smith said in Monday’s (November 18) press release.

Palmer currently hosts a consolidated MRE of 4.68 million metric tons at 10.2 percent zinc equivalent in the indicated category and 9.59 million metric tons at 8.9 percent zinc equivalent in the inferred category.

The MRE includes two defined deposits: the Palmer deposit and the AG zone deposit. According to American Pacific, an updated MRE is expected to reflect the results of drilling campaigns conducted in 2023 and 2024.

Located approximately 60 kilometers from the port of Haines, more than US$116 million has been invested in Palmer to date. The area also boasts numerous high-grade, drill-ready prospects spread across over 15 kilometers.

American Pacific believes the project’s infrastructure, road access and proximity to a deep-sea port position it well for development. A 2019 preliminary economic assessment outlines a low-cost, high-margin underground operation.

With the US$10 million payment from Dowa in hand, American Pacific is projected to hold over C$16 million in cash by the end of this quarter. This financial position strengthens the company’s ability to advance both Palmer and its second flagship asset, the Madison copper-gold project in Montana, which it also fully controls.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Investing

Top 5 Life Science ETFs in 2024

Investing

Taking a position in a life science exchange-traded fund (ETF) provides exposure to a basket of stocks focused on the healthcare sector, while mitigating the risks of holding shares in a single company.

While ETFs provide diversification by their nature, fund managers often narrow down their offerings to follow a specific aspect of the market — for example, biotech or pharma. They also typically adjust the weight of ETF holdings to match movements in the life science industry in an effort to give investors the best possible returns.

Performance and asset under management (AUM) data was gathered on November 14, 2024, and the 10 life science ETFs listed by ETFdb.com were considered. Read on to learn more about the top-performing life science ETFs year-to-date.

1. SPDR Biotech ETF (ARCA:XBI)

Company Profile

Year-to-date gain: 16.8 percent
AUM: US$7.82 billion

Launched in 2006, the SPDR Biotech ETF tracks the performance of the S&P Biotechnology Select Industry Index, focusing exclusively on US stocks. The fund has an expense ratio of 0.35 percent, and its five year return comes in at 5.01 percent.

Of the fund’s 144 holdings, 76 percent are large and mid-cap companies. The fund’s top holdings include Incyte (NASDAQ:INCY), United Therapeutics (NASDAQ:UTHR) and Gilead Sciences (NASDAQ:GILD).

2. First Trust NYSE Arca Biotechnology Index Fund (ARCA:FBT)

Company Profile

Year-to-date gain: 13.1 percent
AUM: US$1.21 billion

The First Trust NYSE Arca Biotechnology Index Fund tracks the price and yield of an equity index called the Amex Biotechnology Index. Founded in 2006, the fund’s expense ratio is 0.56 percent. Its five year return comes in at 6.71 percent.

With 31 holdings, this fund is much smaller than the other ETFs on this list. It is primarily focused on large-cap US biotech companies, although it has exposure to some firms in Europe. Its top holdings include Exelixis (NASDAQ:EXEL), Intra-Cellular Therapies (NASDAQ:ITCI) and Incyte.

3. Vanguard Health Care Index Fund ETF (ARCA:VHT)

Company Profile

Year-to-date gain: 11.9 percent
AUM: US$17.95 billion

The Vanguard Health Care Index Fund ETF is a broad fund with healthcare firms from varied industries that came to market in 2004. It’s achieved returns of 11.07 percent over the last five years. The ETF’s expense ratio is very low at 0.1 percent.

At 414, this fund has the most holdings of the life science ETFs on this list, with more than 86 percent being large-cap companies predominantly in the United States. Its top holdings by weight include Eli Lilly (NYSE:LLY), UnitedHealth Group (NYSE:UNH) and AbbVie (NYSE:ABBV).

4. iShares US Medical Devices ETF (ARCA:IHI)

Company Profile

Year-to-date gain: 11.7 percent
AUM: US$4.9 billion

The iShares US Medical Devices ETF was launched in 2006 and, as the name suggests, focuses on medical device companies in the United States. The fund’s five-year return stands at 8.27 percent. This biotech ETF has an expense ratio of 0.4 percent.

This biotech fund is concentrated on large-cap companies, representing 89 percent of its holdings. Its top holdings by weight include Abbott Laboratories (NYSE:ABT), Intuitive Surgical (NASDAQ:ISRG) and Stryker Corporation (NYSE:SYK).

5. iShares US Healthcare ETF (ARCA:US)

Company Profile

Year-to-date gain: 11.7 percent
AUM: US$3.36 billion

The iShares US Healthcare ETF launched in 2000, making it the longest-running ETF on this list. EFTdb.com warns investors that ‘IYH probably doesn’t have much use for those constructing a long-term, buy-and-hold portfolio; this ETF is a more useful tool for those looking to establish a tactical tilt towards health care or for use in a sector rotation strategy.’

The fund has an expense ratio of 0.39 percent, and a five-year return rate of 11.12 percent. Of its 109 holdings, 94 percent are large-cap companies. Its top holdings by weight are Eli Lilly, UnitedHealth Group and Johnson & Johnson (NYSE:JNJ).

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Economy

Super Micro stock surges

Economy

Super Micro Computer (SMCI) saw a sharp rally this week following its announcement of a compliance plan submitted to the SEC to prevent delisting from the Nasdaq. Shares surged 16% during regular trading on Monday and an additional 25% in after-hours trading after the filing. This positive momentum reflects renewed investor confidence in the company’s ability to address regulatory concerns.

The compliance plan outlines a clear path for the submission of delayed filings and demonstrates progress toward aligning with Nasdaq requirements. If approved, the plan could stabilize SMCI’s stock, which has been under significant pressure, dropping 65% over the past three months. This decline followed a year of explosive growth, where shares gained over 300% before retreating. Despite the recent rally, SMCI is down over 20% year-to-date in 2024.

From a technical perspective, the stock’s recent price action suggests a potential reversal from its downward trend. The heavy volume accompanying Monday’s rally indicates strong buying interest. Immediate support is seen near $20, while resistance lies at $25.

Super Micro Computer Stock Chart Analysis

The chart shows the 15-minute price movement of Super Micro Computer, Inc. (SMCI) on NASDAQ. The stock is currently trading at 21.54 USD, reflecting a 1.89% gain for the session. After a period of consolidation, the stock exhibited strong bullish momentum, rallying from the 17.25 USD support level to an intraday high of 23.87 USD, a significant upward move. However, a sharp pullback followed, with prices retreating back to the 21.50 range, indicating possible profit-taking or resistance at the upper levels.

The RSI (Relative Strength Index) was elevated, reaching 68.49, approaching overbought territory during the rally. This suggests strong buying pressure but also signals caution, as the stock may face increased volatility or a potential correction if it sustains overbought levels. Currently, the RSI has cooled slightly, reflecting the recent pullback.

From a technical perspective, the immediate support lies around 20.50 USD, near the lower consolidation zone from earlier in the session. A break below this level could signal further downside toward 19.00 USD. On the upside, resistance is evident at the intraday high of 23.87 USD. A decisive breakout above this level, accompanied by strong volume, could indicate the potential for continued bullish momentum.

In summary, SMCI’s current price action suggests a volatile but bullish trend. Traders should monitor RSI levels and price behavior around key support and resistance levels to assess near-term opportunities.

The post Super Micro stock surges appeared first on FinanceBrokerage.

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Economy

GAINTOMO AI™: Crypto Trading with Intelligent Automation

Economy

In the rapidly evolving landscape of cryptocurrency trading, GAINTOMO AI emerges as a revolutionary solution, combining advanced artificial intelligence with user-friendly trading functionalities. As more individuals seek opportunities in the digital asset market, GAINTOMO AI provides both novice and experienced investors the tools they need to navigate the complexities of trading seamlessly. This article explores the unique offerings of GAINTOMO AI, the significance of AI in trading, its role in shaping market strategies, and how it sets itself apart in a crowded marketplace.

Harnessing the Power of AI for Smarter Trading

At the heart of GAINTOMO AI is its powerful artificial intelligence, which employs machine learning algorithms to analyze vast amounts of market data in real time. These algorithms consider various factors, including price movements, trading volumes, market sentiment, and macroeconomic indicators. This level of analysis enables GAINTOMO AI to identify lucrative trading opportunities that may be overlooked by traditional trading methods.

One of the key advantages of using GAINTOMO AI is its ability to predict market trends accurately. The platform’s algorithms continuously learn from historical data and current market conditions, enhancing their predictive capabilities. As a result, traders using GAINTOMO AI can make informed decisions based on precise data analysis rather than relying solely on intuition or guesswork.

In addition to real-time market analysis, GAINTOMO AI provides automated trading features. Users can set their trading parameters, allowing the platform to execute trades on their behalf. This automation not only saves time but also ensures that users do not miss out on potential opportunities, especially in a market that operates 24/7.

A User-Centric Experience for All Traders

GAINTOMO AI prides itself on offering a user-centric experience, making it accessible to individuals of all skill levels. Understanding that many potential investors may feel intimidated by the complexities of cryptocurrency trading, the platform has been designed to be intuitive and user-friendly.

Upon signing up, users are greeted with a clean and straightforward interface that guides them through the necessary steps to start trading. The onboarding process is efficient, ensuring that even those with no prior experience can quickly understand how to use the platform. Additionally, GAINTOMO AI offers a demo mode that allows beginners to practice trading without risking real money. This feature is invaluable, as it enables users to familiarize themselves with the platform’s functionalities and develop their trading strategies in a risk-free environment.

For more experienced traders, GAINTOMO AI offers advanced features such as customizable trading strategies, allowing users to tailor their trading experience according to their preferences and risk tolerance. This flexibility makes GAINTOMO AI suitable for a wide range of trading styles, from conservative to aggressive.

Comprehensive Support and Education

In the world of cryptocurrency trading, knowledge is power. GAINTOMO AI recognizes this and is committed to providing a wealth of educational resources to empower its users.

Webinars hosted by trading experts are another valuable resource provided by GAINTOMO AI. These live sessions allow users to interact with professionals, ask questions, and gain insights into market trends and strategies. By fostering an environment of continuous learning, GAINTOMO AI ensures that users are well-equipped to make informed trading decisions.

Additionally, GAINTOMO AI features a responsive customer support team available 24/7 to assist users with any questions or issues they may encounter. This commitment to customer care fosters a sense of confidence and security, allowing users to focus on their trading strategies without worry.

Advanced Security Features

Security is a top priority in the cryptocurrency world, where risks of fraud and cyber threats are prevalent. GAINTOMO AI takes extensive measures to protect its users’ assets and personal information. The platform employs state-of-the-art security protocols, including end-to-end encryption and multi-factor authentication, to safeguard users’ data from unauthorized access.

GAINTOMO AI also utilizes secure digital wallets to store users’ cryptocurrencies. These wallets are designed with robust security features to prevent hacking and theft, ensuring that users’ funds remain safe at all times. With GAINTOMO AI, users can trade confidently, knowing that their investments are protected by industry-leading security measures.

Moreover, GAINTOMO AI adheres to strict regulatory compliance, ensuring that it operates within the legal frameworks governing cryptocurrency trading. This commitment to transparency and integrity creates a secure environment where clients can thrive with confidence.

A Diverse Range of Trading Options

Another significant advantage of GAINTOMO AI is its diverse range of trading options. The platform supports a wide variety of cryptocurrencies, including well-established coins like Bitcoin and Ethereum, as well as emerging altcoins. This diversity allows users to explore different investment opportunities and tailor their portfolios according to their financial goals.

The ability to trade multiple cryptocurrencies also enables users to capitalize on various market trends. For instance, if one currency is underperforming, traders can shift their focus to another asset that shows more potential for growth. This flexibility empowers users to adapt their strategies in response to changing market conditions, enhancing their chances of success.

Additionally, GAINTOMO AI provides access to advanced trading tools such as technical analysis charts, indicators, and market signals. These tools help traders make data-driven decisions and identify optimal entry and exit points for their trades. By combining AI capabilities with comprehensive trading tools, GAINTOMO AI creates an ecosystem where traders can maximize their investment potential.

The Importance of Financial Inclusion

In today’s financial landscape, access to investment opportunities is vital for fostering economic growth and individual empowerment. GAINTOMO AI is committed to promoting financial inclusion by making cryptocurrency trading accessible to everyone, regardless of their financial background or experience level.

The platform’s user-friendly design and comprehensive educational resources ensure that even those with limited financial literacy can participate in the cryptocurrency market. By breaking down barriers to entry, GAINTOMO AI empowers individuals to take control of their financial futures and make informed investment decisions.

Moreover, GAINTOMO AI offers flexible pricing models, ensuring that its services remain affordable for users from various economic backgrounds. This commitment to inclusivity not only benefits individual traders but also contributes to the overall growth of the cryptocurrency ecosystem.

The Future of Cryptocurrency Trading

As the cryptocurrency landscape continues to mature, GAINTOMO AI is poised to lead the charge in innovation and accessibility. By integrating artificial intelligence into trading processes, the platform is reshaping how individuals approach cryptocurrency investments. The blend of technology, user-friendliness, and robust support creates an environment where traders can thrive.

Looking ahead, GAINTOMO AI plans to expand its offerings further, incorporating additional features such as social trading, where users can follow and replicate the strategies of successful traders. This feature aims to foster a community of traders who can learn from each other and share insights, ultimately enhancing the overall trading experience.

Conclusion: Embracing a New Era of Trading

GAINTOMO AI is more than just a trading platform; it is a comprehensive solution designed to enhance the trading experience for individuals and institutions alike. Through its advanced AI capabilities, intuitive interface, robust security measures, and commitment to financial education and inclusivity, GAINTOMO AI is setting a new standard in the world of cryptocurrency trading.

As more individuals recognize the potential of cryptocurrencies, platforms like GAINTOMO AI will play a crucial role in shaping the future of finance. By providing accessible, intelligent, and secure trading solutions, GAINTOMO AI empowers users to embark on their trading journeys with confidence and success.

About GAINTOMO AI

GAINTOMO AI is a leading provider of AI-driven trading solutions, dedicated to revolutionizing the way investors engage with cryptocurrency markets. By focusing on user empowerment and technological innovation, GAINTOMO AI delivers actionable insights and efficient trading mechanisms, making cryptocurrency investment accessible to everyone.

Company Details

Company Name: GAINTOMO AI

Email Address: admin@gaintomo.com
Company Website: https://gaintomo.com

The post GAINTOMO AI: Crypto Trading with Intelligent Automation appeared first on FinanceBrokerage.

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Politics

A GOP operative accused a monastery of voter fraud. Nuns fought back.

Politics

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night.

The day before, a Republican operative in the battleground state falsely suggested to his nearly 58,000 followers on X that no one lived at the monastery and that mail ballots cast from there would be “illegal votes.” Cliff Maloney, who hired 120 people to go door-to-door across Pennsylvania urging Republican voters to return their mail ballots, wrote on X that one of those workers had “discovered” an Erie address where 53 people were registered to vote but “NO ONE lives there.”

This post appeared first on washingtonpost.com

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Politics

Tucker Carlson says father Trump will give ‘spanking’ at rowdy Georgia rally

Politics

DULUTH, Ga. — Former Fox News host Tucker Carlson warmed up the crowd at Donald Trump’s rally here Wednesday night with a dark metaphor, bashing Vice President Kamala Harris and declaring that “dad” was coming home to mete out discipline.

“He’s pissed!” Carlson said to extended cheers. “Dad is pissed. … And when dad gets home, you know what he says? ‘You’ve been a bad girl. You’ve been a bad little girl, and you’re getting a vigorous spanking right now.’”

This post appeared first on washingtonpost.com

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