Google is using artificial intelligence to combat the global chip shortage 🤨

Friday, 11th June 2021 by Gotrade

Hey Gotraders,

TGIF! Before we end off the week, let’s take a look at what some companies are doing about the global chip shortage.

Apple (AAPL) decided to build its own chip lab in Germany. Google (GOOG) on the other hand, decided to get a bit more creative and use artificial intelligence (AI) to design their chips.

What does this mean exactly? It usually takes humans months to design a new chip. Google will be able to do it in less than six hours using artificial intelligence! Amazing!

Facebook’s (FB) Chief AI Scientist, Yann LeCun, posted on Twitter (TWTR), that the research was “very nice work.

Why is this important? This breakthrough was said to be an “important achievement” that will “be a huge help in speeding up the supply chain.” Ultimately this means that companies are becoming more self-sufficient by designing and producing their chips inhouse. This would mean less reliance on chip manufacturers in the long-run. This is great news for the companies who are able to do it successfully, but not so great news for chip manufacturers!


📈 Microsoft is developing streaming devices for its subscription-based gaming service 🎮

Microsoft (MSFT) thinks that the future of gaming will be a subscription-based model where people pay a flat fee each month to get access to a gaming database. Sort of a “Netflix for games.” This is exactly what their Xbox Cloud Gaming offers. They are developing streaming devices that users can plug into their TV or computer monitor to stream games from the cloud. Cool!

Shares of Microsoft closed up 1.44% yesterday, at $257.24.


📈 Tesla begins delivery of its new Model S Plaid 🚗

Tesla (TSLA) held a delivery event for its new Model S Plaid at its factory in Fremont yesterday. According to its CEO Elon Musk, this is the “quickest production car ever made.” Tesla will deliver the first 25 cars now and production will ramp up to a thousand cars per week next quarter. You can watch the event here.

Shares of Tesla closed 1.89% higher yesterday, at $610.12.


Top movers & shakers 🎢


What else is making headline news 📰

  1. Podcast by Tech in Asia: Gojek and Tokopedia’s merger.

  2. Elon Musk had the most Elon Musk response to Anonymous' cryptocurrency 'warning.'

  3. Zoom (ZM) and Salesforce (CRM) make a quick $23 million profit after the IPO of Israeli software vendor Monday.com.

That’s all from us for now. 

Signing out,

Gotrade Team


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The legal stuff 🤓

Disclaimer: TR8 Securities Inc., trading as Gotrade, provides this service as general information only, without taking into account your circumstances, needs, or objectives. You should consider the appropriateness of any forecast or other information herein for your individual situation. If in doubt, you should seek independent professional advice.

Gotrade utilizes financial information providers and information from such providers may form the basis for analysis. Gotrade accepts no responsibility for the accuracy or completeness of any information herein contained. Additionally, any third-party information provided therein does not reflect the views of Gotrade or any of their subsidiaries or affiliates. Opinions are the authors; not necessarily that of TR8 Securities or any of its affiliates, subsidiaries, officers, or directors.

All investments involve risk and past performance does not guarantee future results or returns. There is always the potential of losing money when you invest in securities or other financial products. TR8 Securities Inc. is licensed to carry on business as a Labuan Securities Licensee under the Labuan Financial Services and Securities Act 2010 (License No. SL/20/0014).

Peter Thiel’s SPAC to merge with PropertyGuru? 🤷

Thursday, 10th June 2021 by Gotrade

Hey Gotraders,

Pssst... We just heard that Peter Thiel’s Bridgetown 2 (BTNB) SPAC is considering a merger with Singapore’s real-estate portal PropertyGuru.

What is PropertyGuru? PropertyGuru is a proptech company that was founded in Singapore in 2007 and is backed by private equity giants KKR (KKR) and TPG. Their platform utilizes artificial intelligence and augmented reality to assist people with their property search. Pretty cool stuff! They are now present in 14 markets in Asia.

PropertyGuru had plans to go public on the Australian Stock Exchange in 2019 but that didn’t happen due to valuation concerns. They had raised $200 million from KKR & TPG last year to accelerate their growth in markets like Malaysia and Vietnam.

Why is this important? Bridgetown 2 was formed by billionaire investors Peter Thiel and Richard Li to target new economy technology, financial services and media companies in Southeast Asia. A potential deal could be announced as soon as July. If the deal goes through, the SPAC could be valued at $2 billion. Wowza!

P.S. Bridgetown 2 (BTNB) is available on Gotrade! 😉 Just a disclaimer - we picked up the article on Deal Street Asia.


📈 Linkedin invests nearly $50 million in Hopin 💰 

Linkedin, which was acquired by Microsoft (MSFT) back in 2016, is investing nearly $50 million in virtual events technology company Hopin. Linkedin’s Vice President of Business Development, Scott Roberts, thinks that “virtual events are here to stay.

Stocks of Microsoft are up 16.49% year-to-date and closed at $253.59 yesterday.


📈 How will the Democrats’ antitrust bills affect Big Tech? 🤔

Democrats are circulating draft versions of antitrust bills that could affect the business models of Big Tech companies - namely Apple (AAPL), Amazon (AMZN), Facebook (FB), and Google (GOOG).

This bill, if approved, would mean the following:

  • These companies will have a tougher time completing large mergers & acquisitions in the future.

  • These companies would end up having to pay higher costs to file for their acquisition clearance.

  • The bill would mandate these companies to make it easier for users to leave their platforms with their data intact.

Stocks of Google, Facebook, and Amazon are up 39.5%, 22.8%, and 2.97% respectively year-to-date. Stocks of Apple are down 1.76% year-to-date.


Top movers & shakers 🎢


What else is making headline news 📰

  1. Bitcoin jumps more than 13% after El Salvador passes law to adopt it as legal tender.

  2. Grab (AGC) and GoTo IPOs could spawn more Southeast Asian startups, says venture capital firm.

  3. Ferrari (RACE) turns to chip firm for its new CEO as the industry looks to reinvent itself.

  4. Amazon (AMZN) has signed up multiple companies to its telehealth service.

  5. GameStop (GME) names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO.


Popular companies releasing earnings this week 💰

Thursday: Adobe (ADBE), Chewy (CHWY), Plug Power (PLUG), FuelCell Energy (FCEL), Manchester United (MANU)

A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.

The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.

That’s all from us for now. 

Signing out,

Gotrade Team


Enjoyed the newsletter? 🤗

Why not share with your family or friends who may be interested in starting their investing journey. Simply forward this newsletter - all they got to do is click the “Subscribe Now” button below… Or they can get the Gotrade app - they’ll automatically become a subscriber.


The legal stuff 🤓

Disclaimer: TR8 Securities Inc., trading as Gotrade, provides this service as general information only, without taking into account your circumstances, needs, or objectives. You should consider the appropriateness of any forecast or other information herein for your individual situation. If in doubt, you should seek independent professional advice.

Gotrade utilizes financial information providers and information from such providers may form the basis for analysis. Gotrade accepts no responsibility for the accuracy or completeness of any information herein contained. Additionally, any third-party information provided therein does not reflect the views of Gotrade or any of their subsidiaries or affiliates. Opinions are the authors; not necessarily that of TR8 Securities or any of its affiliates, subsidiaries, officers, or directors.

All investments involve risk and past performance does not guarantee future results or returns. There is always the potential of losing money when you invest in securities or other financial products. TR8 Securities Inc. is licensed to carry on business as a Labuan Securities Licensee under the Labuan Financial Services and Securities Act 2010 (License No. SL/20/0014).

Who broke the internet?! 🤷

Wednesday, 9th June 2021 by Gotrade

Hey Gotraders,

Thousands of websites and apps around the world, including CNN, the New York Times, Amazon (AMZN), Hulu, Spotify (SPOT), Reddit, and even the UK government website, went dark yesterday. What?! Who broke the internet?!

The answer to that question is Fastly (FSLY).

Who is Fastly? Fastly is a cloud service provider that operates what’s known as a Content Delivery Network (CDN). CDNs are networks of servers and data centers distributed around the world that allow for the transfer of assets needed for loading Internet content. Fastly basically stores content on servers that are physically closer to its users so that content would load faster.

What happened? Well, it seems like Fastly caused the outage. Yikes! The outage was a result of “an undiscovered software bug.” The issue was resolved within an hour. The Internet isn’t broken anymore! Hallelujah!

"The problem with the internet is it's always there until it isn't," said David Vaskevitch, CEO of photo app Mylio and former Microsoft (MSFT) Chief Technical Officer. "For a system with so many interconnected parts, it's not always reliable. Any one fragile part can bring it down." 

Why is this important? Fastly is a service that is widely used by web publishers. The extent of which became apparent when the outage occcured. A couple of similar incidents have occured recently - Cloudflare was hit with an outage last July, and Amazon Web Services went down last November.

These incidents highlight the fact that a technical hiccup in a single company can have global ramifications.


📈 Wish stock is up nearly 50% 🚀

The Redditors are at it again. This time they are focusing their attention on Wish (WISH). Their stock closed at $11.63, up 49.87% yesterday. Really?! Yes!

This is surprising considering the fact that a shareholder class-action suit was filed yesterday. The suit claimed that senior executives at Wish misled investors by inflating its figures.


📉 MicroStrategy sells $500 million worth of junk bonds to buy more bitcoin 🤨

MicroStrategy (MSTR) really wants to buy Bitcoin but they don’t have the cash. So what are they doing about it? They are selling junk bonds in order to raise cash to finance their Bitcoin shopping spree. 🛒

What are junk bonds? A bond is pretty much an IOU. Bond issuers promise to pay interest payments along with the principal sum in exchange for buying the bond. Junk bonds represent bonds issued by companies that have a high risk of defaulting on the interest and principal sum to their investors.

Stocks of MicroStrategy closed at $459.38, down 2.22% yesterday.


Top movers & shakers 🎢


What else is making headline news 📰

  1. Meme mania isn't going away anytime soon.

  2. Apple (AAPL) is encroaching on Facebook’s (FB) territory like never before with new social features.

  3. El Salvador becomes the first country to adopt Bitcoin as legal tender.

  4. U.S. recovers $2.3 million in bitcoin paid in the Colonial Pipeline ransom.


Popular companies releasing earnings this week 💰

Wednesday: Jack Daniel’s (BF.B), GameStop (GME), Campbell Soup (CPB)

Thursday: Adobe (ADBE), Chewy (CHWY), Plug Power (PLUG), FuelCell Energy (FCEL), Manchester United (MANU)

A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.

The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.

That’s all from us for now. 

Signing out,

Gotrade Team


Enjoyed the newsletter? 🤗

Why not share with your family or friends who may be interested in starting their investing journey. Simply forward this newsletter - all they got to do is click the “Subscribe Now” button below… Or they can get the Gotrade app - they’ll automatically become a subscriber.


The legal stuff 🤓

Disclaimer: TR8 Securities Inc., trading as Gotrade, provides this service as general information only, without taking into account your circumstances, needs, or objectives. You should consider the appropriateness of any forecast or other information herein for your individual situation. If in doubt, you should seek independent professional advice.

Gotrade utilizes financial information providers and information from such providers may form the basis for analysis. Gotrade accepts no responsibility for the accuracy or completeness of any information herein contained. Additionally, any third-party information provided therein does not reflect the views of Gotrade or any of their subsidiaries or affiliates. Opinions are the authors; not necessarily that of TR8 Securities or any of its affiliates, subsidiaries, officers, or directors.

All investments involve risk and past performance does not guarantee future results or returns. There is always the potential of losing money when you invest in securities or other financial products. TR8 Securities Inc. is licensed to carry on business as a Labuan Securities Licensee under the Labuan Financial Services and Securities Act 2010 (License No. SL/20/0014).

Biogen stock is up over 38% after FDA approves its Alzheimer’s drug 🚀

Tuesday, 8th June 2021 by Gotrade

Hey Gotraders,

Biogen (BIIB) received FDA approval for its Alzheimer’s drug, which is marketed under the name Aduhelm.

Is this a big deal? Yes! Alzheimer’s is the sixth-leading cause of death in the United States. To date, there are no drugs that have been cleared by the FDA that can slow the mental decline from Alzheimer’s. The FDA previously approved Alzheimer’s drugs that helped to reduce symptoms, but not actually slow the disease down. This is the first drug to slow cognitive decline in people living with Alzheimer’s!

It is a new day. This approval allows people living with Alzheimer’s more time to live better. For families, it means being able to hold on to their loved ones longer. It is about reinvigorating scientists and companies in the fight against this scourge of a disease. It is about hope” - Harry Johns, CEO of the Alzheimer’s Association.

The FDA approval was granted on the condition that Biogen conducts another clinical trial.

Why is this important? This is a drug that garnered alot of attention from the press, the Alzheimer’s patient community, elected officials, and other interested stakeholders.

We are well-aware of the attention surrounding this approval” - Dr. Patrizia Cavazzoni, Director of the FDA’s Center for Drug Evaluation and Research.

This drug will change the lives of so many people, and is a huge step forward in the treatment of Alzheimer’s. This drug will obviously bring in a lot of revenue for Biogen. Biogen’s stock was halted for the announcement. The shares surged more than 60% at one point when trading resumed, and finally closed 38% higher at $395.85.


📈 Stitch Fix is up nearly 15% in extended trading 🎉 

Shares of Stitch Fix (SFIX) are up nearly 15% in extended trading after the company beat Wall Street’s expectations on their earnings call. They reported a loss of 18 cents per share on revenue of $536 million. Analysts were expecting a loss of 27 cents per share on revenue of $511 million. They also reported a 20% year-on-year growth in the number of active clients they have! Well done! 👏

Shares of Stitch Fix closed at $57.94 yesterday and are trading around $66.30 in extended trading.


📈 Tesla officially cancels it’s Model S Plaid Plus 🙅‍♀️

Elon Musk is tweeting again. This time though, he is tweeting about Tesla (TSLA) and not Bitcoin. Musk tweeted that Tesla will cancel the most expensive variant of its flagship sedan - the Model S Plaid Plus. His reason? The Plaid version is “just so good.” Uhhh… Okk..

Shares of Tesla are down 17.08% year-to-date and closed at $65.13 yesterday.


Top movers & shakers 🎢


What else is making headline news 📰

  1. AMC (AMC) stock jumps nearly 15% as retail-fueled rally stretches to another week.

  2. Here’s everything Apple (AAPL) announced at this year’s WWDC.

  3. Amazon (AMZN), Google (GOOG), and Facebook (FB) will be hit hard by the G-7 tax deal. Here’s how they responded.

  4. Goldman Sachs (GS) says disruptions from the chip shortage should diminish in the second half of 2021.


Popular companies releasing earnings this week 💰

Wednesday: Jack Daniel’s (BF.B), GameStop (GME), Campbell Soup (CPB)

Thursday: Adobe (ADBE), Chewy (CHWY), Plug Power (PLUG), FuelCell Energy (FCEL), Manchester United (MANU)

A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.

The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.

That’s all from us for now. 

Signing out,

Gotrade Team


Enjoyed the newsletter? 🤗

Why not share with your family or friends who may be interested in starting their investing journey. Simply forward this newsletter - all they got to do is click the “Subscribe Now” button below… Or they can get the Gotrade app - they’ll automatically become a subscriber.


The legal stuff 🤓

Disclaimer: TR8 Securities Inc., trading as Gotrade, provides this service as general information only, without taking into account your circumstances, needs, or objectives. You should consider the appropriateness of any forecast or other information herein for your individual situation. If in doubt, you should seek independent professional advice.

Gotrade utilizes financial information providers and information from such providers may form the basis for analysis. Gotrade accepts no responsibility for the accuracy or completeness of any information herein contained. Additionally, any third-party information provided therein does not reflect the views of Gotrade or any of their subsidiaries or affiliates. Opinions are the authors; not necessarily that of TR8 Securities or any of its affiliates, subsidiaries, officers, or directors.

All investments involve risk and past performance does not guarantee future results or returns. There is always the potential of losing money when you invest in securities or other financial products. TR8 Securities Inc. is licensed to carry on business as a Labuan Securities Licensee under the Labuan Financial Services and Securities Act 2010 (License No. SL/20/0014).

Square is considering building a hardware bitcoin wallet ✅

Monday, 7th June 2021 by Gotrade

Hey Gotraders,

Happy Monday! Square's (SQ) CEO Jack Dorsey said last week that the company is looking to build a hardware bitcoin wallet that would enable consumers to have greater control over the cryptocurrencies they own.

What exactly does Dorsey have in mind? Well, at the moment, several exchanges or platforms that allow users to buy cryptocurrencies may control the "private key." This means that users do not officially own the cryptocurrencies they buy. This is the case with Paypal (PYPL). Users do not own the cryptocurrencies in their Paypal wallets. Paypal also does not allow users to transfer their cryptocurrencies to wallets outside the Paypal network.

Dorsey is proposing to build a bitcoin wallet that will not be controlled by Square or any other company. It would belong solely to the user.

If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community” - Jack Dorsey, CEO of Square.

Why is this important? Bitcoin is an integral part to Square's business. Consumers are able to buy and sell Bitcoin using Square's Cash App. Square’s revenue from Bitcoin increased from $516.5 million in 2019 to 4.75 billion last year! Having a more open hardware wallet for Bitcoin may give them a competitive advantage over Paypal for example as users may prefer to have the flexibility to move their digital currencies around, rather than to have it constrained within one ecosystem...


📉 Weibo banned at least a dozen popular cryptocurrency accounts 🙅‍♀️

At least a dozen popular Weibo (WB) users who post content about cryptocurrencies found themselves unable to access their accounts on Saturday night. Other users who were trying to access those pages saw a notification saying that those accounts had violated Weibo's guidelines and “relevant laws and regulations”. Why did Weibo ban those accounts? Well, it’s because China is cracking down on cryptocurrency!

Stocks of Weibo are down 6.34% over the last 5 days, trading at $47.73.


📈 Nigeria bans Twitter after it deleted a tweet from its President 😲

Twitter (TWTR) removed a post by Nigeria's President Muhammadu Buhari, threatening to punish those responsible for recent attacks on electoral offices and police stations, and referenced the country's 1960s civil war that killed 1 million people. Twitter claimed that the President's tweet violated its "abusive behavior" policy leading to a 12-hour suspension of his account. Nigeria responded by suspending all of Twitter’s operations in the country. Twitter responded to Nigeria’s ban by saying that Nigeria's decision is "deeply concerning." Uh oh... Doesn't sound good...

Twitter stock closed at $59 on Friday, up 8.20% year-to-date.


Top movers & shakers 🎢


What else is making headline news 📰

  1. General Mills (GIS) laying off workers as part of a push to prepare for post-pandemic landscape: report.

  2. Facebook (FB) says Donald Trump to remain banned for two years, effective from Jan. 7.

  3. AMC (AMC), meme stocks could spark more heat in the week ahead as investors await inflation news.

  4. Anonymous targets Elon Musk for destroying crypto holders' lives, trying to control Bitcoin.

  5. Coinbase (COIN) is giving away $1.2 million in dogecoin as it starts letting users trade the meme cryptocurrency.


Popular companies releasing earnings this week 💰

Monday: Stitch Fix (SFIX)

Wednesday: Jack Daniel’s (BF.B), GameStop (GME), Campbell Soup (CPB)

Thursday: Adobe (ADBE), Chewy (CHWY), Plug Power (PLUG), FuelCell Energy (FCEL), Manchester United (MANU)

A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.

The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.

That’s all from us for now. 

Signing out,

Gotrade Team


Enjoyed the newsletter? 🤗

Why not share with your family or friends who may be interested in starting their investing journey. Simply forward this newsletter - all they got to do is click the “Subscribe Now” button below… Or they can get the Gotrade app - they’ll automatically become a subscriber.


The legal stuff 🤓

Disclaimer: TR8 Securities Inc., trading as Gotrade, provides this service as general information only, without taking into account your circumstances, needs, or objectives. You should consider the appropriateness of any forecast or other information herein for your individual situation. If in doubt, you should seek independent professional advice.

Gotrade utilizes financial information providers and information from such providers may form the basis for analysis. Gotrade accepts no responsibility for the accuracy or completeness of any information herein contained. Additionally, any third-party information provided therein does not reflect the views of Gotrade or any of their subsidiaries or affiliates. Opinions are the authors; not necessarily that of TR8 Securities or any of its affiliates, subsidiaries, officers, or directors.

All investments involve risk and past performance does not guarantee future results or returns. There is always the potential of losing money when you invest in securities or other financial products. TR8 Securities Inc. is licensed to carry on business as a Labuan Securities Licensee under the Labuan Financial Services and Securities Act 2010 (License No. SL/20/0014).

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