To The Moon

Last Week's Recap

The US Market - Powell speech fuels market’s rally

• U.S. markets broadly advanced on Friday, after Fed Chair Jerome Powell used his Jackson Hole speech to hint at a near-term rate cut, despite mid-week fluctuations and a tech sector sell-off.

• For the week, the $Dow Jones(.DJI)$ gained 1.5%, closing at a record high. The $S&P 500(.SPX)$ edged up 0.3%, while the $NASDAQ(.IXIC)$ slipped 0.6% despite a sharp +1.88% rally Friday. Small caps outperformed, with the Russell 2000 surging 3.3%, reflecting easing risk concerns.

• Powell acknowledged that “downside risks to employment are rising” and that the possibility of Trump’s tariffs having only a short-lived effect on inflation is “reasonable.” He added "The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance."

• To be sure, investors interpreted the speech as a dovish tilt, and expectations for a quarter-point rate cut in September.

The US Sectors & Stocks - U.S. government took a 10% stake in Intel

• A broad-based stocks rally Friday following Powell’s Jackson Hole remarks, with 10 of 11 S&P 500 sectors finishing higher. The lone laggard was Consumer Defensive, dragged down by Walmart’s weak earnings.

• Real Estate( $Real Estate Select Sector SPDR Fund(XLRE)$ ), Energy( $Energy Select Sector SPDR Fund(XLE)$), and Materials led the week with gains above 2%, while Technology and Communication Services underperformed.

• The Magnificent Seven spiked on Powell’s comments—Tesla rallied ~6%, Alphabet and Amazon each rose over 3%, Meta added 2%+, and Nvidia advanced 1.7%. Still, five of the seven posted weekly losses.

• $Intel(INTC)$ : Shares jumped 5.5% Friday after news that President Trump struck a deal giving the U.S. government nearly a 10% stake—part of an unconventional effort to revive Intel and strengthen domestic chipmaking. Despite the pop, INTC ended the week flat.

• $Wal-Mart(WMT)$ : Shares fell 3% after missing Q2 earnings, even as revenue topped forecasts. The company warned tariffs would pressure second-half results, with many retailers already passing on higher costs or cutting promotions. By contrast, TJX and Ross outperformed, benefiting from consumers shifting toward discount shopping amid inflation and tariff concerns.

• $Palo Alto Networks(PANW)$ : The cybersecurity firm posted strong fiscal Q4 results, with EPS up 27% and subscription ARR climbing 32% to $5.6B. Fiscal 2026 guidance edged higher, and shares rebounded nearly 5%.

• $Palantir Technologies Inc.(PLTR)$ : Shares slid 10% for the week, extending losses despite a Friday bounce. Citron Research released a scathing report on Aug. 18, calling the stock significantly overvalued and arguing its valuation should be closer to $40 when benchmarked against OpenAI’s $500B valuation. Still, PLTR remains up more than 100% year-to-date.

Hong Kong Market - HSI posts third straight weekly gain

• The $HSI(HSI)$ edged up 0.3% to 25,339.14, notching a third consecutive weekly advance, supported by mainland Chinese stocks climbing to a 10-year high. The $HSTECH(HSTECH)$ outperformed, rising 1.9%. Hong Kong’s equity market is now within US$400 billion of surpassing Japan’s as the world’s third-largest.

• JPMorgan noted momentum in mainland equities is likely to continue, citing moderate leverage and valuations. The bank estimates potential asset rotation could inject up to 14 trillion yuan (US$1.9 trillion) of liquidity, about 16% of free-float market cap.

• Hang Seng Indexes will add $POP MART(09992)$ , $JD-SW(09618)$ , and $CHINA TELECOM(00728)$ to the benchmark, effective Sept. 8.

• Pop Mart (9992.HK) surged by 18.1% last week, breaking HKD 300. The company announced the launch of the mini version of LABUBU, fueling expectations of another blockbuster product.

• $XPENG-W(09868)$ (9868.HK) leapt 20.5% after Q2 revenue soared 125.3% and vehicle deliveries rose 241.6% YoY.

Read more>>

💰 NEW ALPHA|Seize the opportunities of U.S. industrial revival: BWXT/PRIM/KTOS

👇🤔Weekly Top 20 Insider Sells: PLTR, DASH, TMUS, CAH& More

📈 Weekly Top Insiders Buys:RSG, BA, BG & More

🎁Weekly Higher EPS Estimates: NVDA, DELL, BMO, BNS, CM & More

🎁Capturing Top 10 Ex_dividend: LYB, JNJ, SPGI, ATO, WILC...

Singapore Market - STI rose 0.5%

• The Straits Times Index (STI) rose 0.5% as investors scaled back expectations for imminent Fed rate cuts.

• Bloomberg reported Temasek is weighing a three-way split—one unit focusing on domestic holdings (e.g., Singapore Airlines), another on overseas investments, and a third housing fund investments.

• $IFAST(AIY.SI)$ tumbled after Temasek-linked shareholder CP Invest trimmed its stake by S$131 million.

• $NIO Inc.(NIO.SI)$ jumped 27.8% on the debut of its ES8 SUV and new aggressive pricing to challenge Tesla’s Model Y. Momentum was further lifted by its mass-market brand Onvo and its upcoming L90 SUV.

Australian Market - ASX200 briefly tops 9,000

• The $S&P/ASX 200(XJO.AU)$ extended gains for a third week, briefly topping 9,000 points on Thursday before mild profit-taking Friday. The index ended the week up 0.3% at 8,967.40.

• Reporting season has been encouraging, with ~40% of companies upgraded and ~10% downgraded by Morningstar.

• Consumer Staples lagged. $INGHAMS GROUP LTD(ING.AU)$ plunged 20% after reporting a 10% drop in FY net profit to $90M, missing expectations on both results and guidance.

• Quick-service dining also disappointed. $Guzman y Gomez Ltd(GYG.AU)$ slumped 15% after underwhelming profit figures and guidance.

The Week Ahead

Macro Factors - Nvidia Meets the Fed’s Inflation Gauge

• Investors face a busy macro week, with Nvidia’s quarterly earnings (Wednesday) and the Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) index (Friday), set to dominate headlines.

• If Nvidia delivers strong results while PCE data confirms cooling inflation, the market’s AI-fueled rally could find new support.

• Economists expect core PCE to rise 2.9% y/y in July (vs. 2.8% in June), the highest since February, while monthly growth is seen steady at 0.3%.

• Beyond inflation, updates on durable goods orders and consumer confidence (Tuesday), as well as the second estimate of Q2 GDP (Thursday), will offer more clues on growth momentum.

Earnings

• All eyes on Nvidia. Analysts expect earnings of $1.01/share on revenue of $46.1B, with rising price targets reflecting confidence in sustained AI demand.

Nvidia Q2 Earnings Preview: Nvidia's Setup Solid; China, GB300 Hold 2H Promise

• Outside of Nvidia, earnings reports from Okta (OKTA), Dell (DELL), Snowflake (SNOW), CrowdStrike (CRWD), Best Buy (BBY), Dollar General (DG), and Abercrombie & Fitch (ANF) will provide cross-sector signals.

• Meanwhile, Chinese internet giants Alibaba (BABA) and Pinduoduo (PDD) also step into the spotlight, offering a read on China’s consumer and e-commerce resilience.

For SG Tigers only 🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission.

🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

Find out more here：

• 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉

• Cash Boost Account Supports CPF/SRS Linking, Enjoy 0 Custody Fees and 0 Commission*!

• 🎉The Cash Boost “Daily Draws” is Now Live – Come Join the Fun!

• Your first trade of the day = 1 lucky draw chance!

• 💰CBA Mini Course 1: What is Cash Boost Account(CBA)?