TradingKey

Following the imposition of tariffs on steel and aluminum, President Trump announced on Tuesday that he will reveal his tariff plans for automobiles, chips, and pharmaceuticals on April 2nd. This marks a new escalation in the ongoing trade war.

In line with market expectations and our forecasts, the RBA decided to cut interest rates by 25 basis points, reducing the policy rate from 4.35% to 4.1%. This marks the first rate cut since the end of the tightening cycle from May 2022 to November 2023.

Elon Musk's xAI recently released the Grok 3 model, which is being hailed as the "smartest AI on earth." However, the subscription prices for using it have also doubled, in sharp contrast to the free usage of the Chinese model DeepSeek.

TradingKey - The biggest retailers have been the ones doing well in this period of higher inflation. It’s no surprise that scale has won out and one of the best retailers at doing things at huge scale is Walmart Inc (NYSE: WMT).

TradingKey - Chinese stocks are back in the global spotlight, boosted by optimism over DeepSeek-driven tech stock gains and stimulus from the private enterprise conference.

For FY2025 H1, BHP reported disappointing results but is actively pivoting towards growth with strategic investments in copper and potash, aiming to leverage future demand from electrification and urbanization despite challenges in the iron ore market.

After an emergency meeting of European leaders, expectations have risen that Europe may issue bonds to strengthen its national defense, leading to a surge in defense stocks and a decline in European bonds.

On Tuesday, February 18, the Reserve Bank of Australia (RBA) will announce its interest rate decision for February. The market widely expects the RBA to cut rates by 25 basis points, lowering the policy rate to 4.1%. TradingKey Analyst Jason Tang agrees with this view.

Considering Adobe's projected revenue growth of around 10%, the average valuation of peer companies is 10 times PS ratio. We maintain a "Hold" rating, with a reference price range of $420–$540, and expects Adobe's AI R&D and monetization could continue to attract investor enthusiasm. 

Looking ahead, although potential tariffs may introduce uncertainty to Thailand's foreign trade, fiscal spending is expected to continue supporting the economy.

Valuation Upside: Base case valuation of $245, with potential upside to $310 driven by AWS growth and broader AI adoption. 

TradingKey - Meta Platforms (META) has been on an extraordinary run, surging for 20 consecutive trading sessions—the longest winning streak for a Nasdaq 100 stock since 1990. The stock has already gained more than 17% this year, pushing its market capitalization past $1.8 trillion.  

The Indonesian economy has demonstrated signs of recovery following a slowdown in the first three quarters of 2024. The GDP growth rate in the fourth quarter of 2024 also began to rebound compared to the third quarter.

Despite their strong business execution and product strengths, investing in Palantir right now comes with big risks.

Currently, Microsoft is trading at around 32x the last twelve months’ earnings. The number is not extremely high, but not low either, as it is slightly above the historical PE levels of the company. This implies a limited growth in the stock price. However, we are yet to see the extent to which AI w

With the release of Japan's Q4 2024 GDP data, the case for the Bank of Japan (BOJ) raising interest rates in January has become more solid, and the market is beginning to consider the possibility of the BOJ raising rates sooner. However, Trump's tariffs remain a risk factor.

In 2024, Trump Media & Technology Group, owned by US President Donald Trump, generated only a few million dollars in revenue, while its losses expanded sixfold to $400 million. The company’s growth has attracted attention following Trump's return to the White House.

Wells Fargo (WFC) has staged a remarkable comeback, surging 62% over the past year, significantly outperforming SPX’s 20.51% gain. Year-to-date, the financial sector (XLF +6.53%) has been one of the best-performing sectors, and WFC remains strong momentum (+12.91% YTD)—a reflection of investor confi

TradingKey - The FOMC’s top concerns remain inflation and employment. The January CPI report shows inflation diverging from the Fed’s 2% target, while Thursday’s PPI also climbed steadily, reinforcing the upward trend in prices. Recent job data suggests the labor market does not appear to need furth

Despite the negative reaction, the results appear to be good. Reddit revenue continues to grow at very high rates of 60-70% and the margins are expanding (GAAP Gross Margin went from 88.4% to 92.6% in Q4 compared to same quarter last year).