Victor y
$Apple(AAPL.US)stock recovered sharply from the opening level and finished just below the psychological $310 resistance showing strong bullish momentum heading into the holiday break.As long as Apple holds above support, the near-term trend remains positive, and investors will be watching closely for a decisive move above current level.
With AI optimism and resilient fundamentals continuing to support sentiment, Apple remains one of the market leaders to watch
$STI ETF(ES3.SG)STI ETF (ES3) gained more than 1% today, closing near the session high as buyers stepped in during the afternoon. The strong finish reflects improving market sentiment, supported by easing geopolitical tensions and continued resilience in Singapore’s heavyweight banking stocks.
With DBS, OCBC and UOB accounting for more than half of the STI’s weighting their strength continues to provide a solid foundation for the index. ES3 also offers investors diversified exposure to Singapore’s 30 largest blue-chip companies while delivering an attractive dividend yield of around 3.3%.If buying momentum persists the ETF could continue its upward trajectory. A decisive breakout above recent highs would signal the potential for another leg higher in Singapore equities, while holding above key support levels would help sustain the positive outlook.
Recent pullback in memory chip stocks appears to be more of a healthy correction than an indication that the AI boom is losing momentum. While legal concerns and profit taking have pressured semiconductor names, Meta's continued expansion into AI cloud services reinforces the view that demand for AI infrastructure remains robust. As the market rotates, fundamentally strong AI leaders are well positioned to benefit once near term volatility subsides
$Keppel(BN4.SG)Keppel Ltd eased 0.91% during the session retreating from its opening level as selling pressure emerged from the outset. After briefly testing an intraday high, the stock gradually weakened and finished the day below both its opening price and the volume-weighted average price. Trading remained orderly, with 2.72 million shares changing hands for a total turnover of S$29.54 million, suggesting measured profit-taking rather than broad-based liquidation.
From a technical perspective near-term momentum has softened following the stock’s failure to hold above a key resistance level. Immediate support is now in focus while the previous resistance zone is likely to act as the first hurdle for any rebound. A sustained recovery above resistance would help improve short term sentiment whereas a break below support could expose the stock to further downside pressure in the sessions ahead.
US equities wrapped up their strongest quarter in years with AI and chipmakers remaining the key drivers of market momentum.Focus is shifting toward valuation risks, highlighted by Michael Burry’s bearish bets on Nvidia, Tesla, and Caterpillar amid concerns over stretched AI expectations.
Entering Q3 markets remain upbeat while Singapore stocks continue to find support from economic resilience and corporate activity though investors are taking a more cautious approach as valuations rise.
$Genting Sing(G13.SG)close at $0.610 recovering from an intraday low of $0.605 and finishing near the day’s high of $0.615. The positive close suggests buyers continued to defend the key support zone, while the modest rebound points to improving near-term sentiment despite relatively light trading volume.
Fundamentally, Genting Singapore remains supported by its resilient integrated resort business, strong balance sheet, attractive 6.6% dividend yield, and valuation below book value (P/B 0.89). With its earnings release approaching, investors are watching for fresh catalysts that could drive the next move.
Recovery momentum is gradually improving, with buyers continuing to absorb selling pressure and support a firmer near term outlook.
Markets remain bullish with the Dow closing above 52,000 for the first time driven by AI and technology stocks.Singapore is also benefiting from the AI boom as strong semiconductor exports and improving growth expectations keep the STI near record highs.Now await the US Nonfarm Payrolls report which could shape the Federal Reserve's next rate decision and determine whether the rally can extend.
$SoFi Tech(SOFI.US)- Neutral to constructive
SoFi Technologies traded largely unchanged today, edging up 0.04% to $17.89 after recovering from an early intraday low of $17.50. Although the stock lacked a strong directional move buyers stepped in to absorb early selling pressure allowing the price to recover toward its intraday average.
The resilience around recent support levels suggests selling momentum is gradually easing while the range-bound trading reflects a period of consolidation following the recent rebound. If SOFI continues to hold above current support and buying interest strengthens the stock could be well positioned to challenge higher resistance levels in the near term.
As consolidation above support keeps the recovery trend intact while the market awaits a fresh catalyst.
AI is shifting from hype to execution. Strong semiconductor demand backed by Korea's investment commitment and Singapore's export strength suggests the infrastructure buildout is still underway. The next phase will depend less on capex announcements and more on whether companies can translate those investments into sustainable earnings
$Grab(GRAB.US)Grab rebounded 2.60%, recovering from its opening low and closing near the day’s high. The strong intraday reversal, coupled with a finish above the average traded price suggests buyers regained control after recent weakness, pointing to improving near term sentiment. The stock continues to stabilize above its recent support zone with bullish price action hinting that accumulation may be taking shape. If buying momentum continues, Grab could retest the next resistance level, while its improving profitability and expanding ecosystem continue to underpin the longer term growth story.
A sustained break above resistance would reinforce the recovery and open the door for further upside, while holding above current support would keep the rebound trend intact
Micron's earnings reinforced that the AI memory cycle is still going strong and momentum remains firmly with memory and semiconductor stocks. However, if Apple and Microsoft continue passing higher costs on to consumers, sustained price increases could eventually weaken demand and slow the pace of growth across the chip sector
$Sasseur Reit(CRPU.SG)continued to trade with resilience, closing unchanged at $0.680 despite opening at $0.675 and briefly dipping to $0.670 during the session. The ability to recover from early weakness and maintain its position near a 52 week high suggests that buying interest remains intact
With sentiment towards REITs supported by expectations of a more accommodative interest rate environment and CRPU offering an attractive yield of nearly 9%, the counter appears to be consolidating recent gains. Holding firmly above the $0.675 support zone could provide a foundation for further upside as investors continue accumulating income-generating assets
Micron delivered $41.46B in revenue and an 84.6% gross margin while guiding for a stunning $50B next quarter at 86% margins. These results highlight the strength of AI memory demand, though expectations are now sky high
Micron's earnings are expected to be strong with AI-driven HBM demand and record margins already well anticipated by the market.With expectations running high and the stock near record levels, guidance and future demand visibility may matter more than the headline numbers.
$Keppel(BN4.SG)Keppel Ltd finished modestly higher after a session marked by early strength and intraday consolidation.Although the stock climbed to an intraday high during the day, some profit-taking emerged at higher levels, resulting in a softer finish. Nevertheless, the stock remained above its previous close, indicating that selling pressure was limited and that investors continue to accumulate on dips.
The current price action points to healthy consolidation following the recent rebound. As long as the stock holds above its support zone, the broader constructive outlook remains intact, while a break above the recent intraday high could signal the next leg higher
Micron’s upcoming earnings will be an important test if demand and guidance hold up, this could simply be a healthy correction. But if the outlook disappoints, it may put further pressure on the broader semiconductor sector. The key thing to watch is whether AI related spending can keep up its current momentum or starts to slow
While strong results and higher guidance could drive further upside toward the $1,300 range a report that merely meets expectations may trigger profit-taking and increased volatility.