TOP 5 STOCKS TO WATCHOUT:-
1.#ETHEREUM GOOGLE:- Alphabet Inc's Google on Friday suspended the Parler social networking service from its app store, citing posts inciting violence and demanding “robust” content moderation from the app favored by many supporters of the U.S. President Donald Trump.
Apple Inc on Friday also gave the service 24 hours to submit a detailed moderation plan, pointing to participants using the service to coordinate Wednesday's siege of the U.S. Capitol building.
The actions by the two Silicon Valley companies mean that the network seen as a haven for people expelled from Twitter could become unavailable for new downloads on the world's main mobile phone app stores within a day. It would still be available in mobile browsers.
2. #SAMSUNG :--Samsung Electronics Co. rose the most in almost 10 months after Intel Corp. was said to be considering asking the South Korean giant and Taiwan Semiconductor Manufacturing Co. to make some of its most sophisticated chips, a major departure for the Silicon Valley pioneer.
After successive delays in its chip fabrication processes, Santa Clara, California-based Intel has yet to make a final decision less than two weeks ahead of a scheduled announcement of its plans, according to people familiar with the deliberations. Any components that Intel might source from Taiwan wouldn’t come to market until 2023 at the earliest and would be based on established manufacturing processes already in use by other TSMC customers, said the people, asking not to be identified because the plans are private.
Intel is still holding out hope for last-minute improvements in its own production capabilities. Talks with Samsung ,whose foundry capabilities trail TSMC’s, are at a more preliminary stage, the people said. TSMC and Samsung representatives declined to comment. An Intel spokesperson referred to previous comments by Bob Swan, the company’s chief executive officer.
3.#HSBC:- Major HSBC shareholders are calling on Europe's biggest bank to toughen its commitment to cut lending linked to fossil fuels and to turn its climate "ambitions" into targets.
Investors collectively managing some $2.4 trillion in assets have filed the resolution to be voted on at HSBC's annual general meeting, after HSBC in October stated its ambition to get to net zero carbon emissions by 2050.
That pledge was criticised by campaigners for not directly addressing HSBC's lending to fossil fuel firms, including a relatively large share of clients involved in the coal sector.
"HSBC is strongly committed to addressing climate change, in line with our clear ambition to align our financed emissions of our entire business portfolio to net zero by 2050 or sooner," a spokesperson for the bank said.
But after a four-year period of engagement with HSBC, the investors coordinated by responsible investment group ShareAction and including Europe's largest asset manager Amundi said they wanted to see the bank go further.
4.#TESLA :Tesla Inc is searching for a design director in China, part of efforts to open a "full-function" studio in Shanghai or Beijing and design electric cars tailored to Chinese consumer tastes, according to three people with knowledge of the matter.
The U.S. carmaker's human resources managers, as well as several headhunters, have been trawling the industry over the past four months, the sources said.
They are looking for "bi-cultural" candidates with 20 or more years of experience who are familiar with Chinese tastes and can bridge the gaps between China and the United States, they added.
Some candidates have been interviewed by Tesla's global design chief Franz von Holzhausen, according to the people, though it was not clear how many potential candidates had been approached by the company and recruiters.
All three sources spoke to Reuters on condition of anonymity due to the sensitivity and confidential nature of the matter.
1.#ETHEREUM GOOGLE:- Alphabet Inc's Google on Friday suspended the Parler social networking service from its app store, citing posts inciting violence and demanding “robust” content moderation from the app favored by many supporters of the U.S. President Donald Trump.
Apple Inc on Friday also gave the service 24 hours to submit a detailed moderation plan, pointing to participants using the service to coordinate Wednesday's siege of the U.S. Capitol building.
The actions by the two Silicon Valley companies mean that the network seen as a haven for people expelled from Twitter could become unavailable for new downloads on the world's main mobile phone app stores within a day. It would still be available in mobile browsers.
2. #SAMSUNG :--Samsung Electronics Co. rose the most in almost 10 months after Intel Corp. was said to be considering asking the South Korean giant and Taiwan Semiconductor Manufacturing Co. to make some of its most sophisticated chips, a major departure for the Silicon Valley pioneer.
After successive delays in its chip fabrication processes, Santa Clara, California-based Intel has yet to make a final decision less than two weeks ahead of a scheduled announcement of its plans, according to people familiar with the deliberations. Any components that Intel might source from Taiwan wouldn’t come to market until 2023 at the earliest and would be based on established manufacturing processes already in use by other TSMC customers, said the people, asking not to be identified because the plans are private.
Intel is still holding out hope for last-minute improvements in its own production capabilities. Talks with Samsung ,whose foundry capabilities trail TSMC’s, are at a more preliminary stage, the people said. TSMC and Samsung representatives declined to comment. An Intel spokesperson referred to previous comments by Bob Swan, the company’s chief executive officer.
3.#HSBC:- Major HSBC shareholders are calling on Europe's biggest bank to toughen its commitment to cut lending linked to fossil fuels and to turn its climate "ambitions" into targets.
Investors collectively managing some $2.4 trillion in assets have filed the resolution to be voted on at HSBC's annual general meeting, after HSBC in October stated its ambition to get to net zero carbon emissions by 2050.
That pledge was criticised by campaigners for not directly addressing HSBC's lending to fossil fuel firms, including a relatively large share of clients involved in the coal sector.
"HSBC is strongly committed to addressing climate change, in line with our clear ambition to align our financed emissions of our entire business portfolio to net zero by 2050 or sooner," a spokesperson for the bank said.
But after a four-year period of engagement with HSBC, the investors coordinated by responsible investment group ShareAction and including Europe's largest asset manager Amundi said they wanted to see the bank go further.
4.#TESLA :Tesla Inc is searching for a design director in China, part of efforts to open a "full-function" studio in Shanghai or Beijing and design electric cars tailored to Chinese consumer tastes, according to three people with knowledge of the matter.
The U.S. carmaker's human resources managers, as well as several headhunters, have been trawling the industry over the past four months, the sources said.
They are looking for "bi-cultural" candidates with 20 or more years of experience who are familiar with Chinese tastes and can bridge the gaps between China and the United States, they added.
Some candidates have been interviewed by Tesla's global design chief Franz von Holzhausen, according to the people, though it was not clear how many potential candidates had been approached by the company and recruiters.
All three sources spoke to Reuters on condition of anonymity due to the sensitivity and confidential nature of the matter.
5.#Samsung:-Samsung Electronics Co Ltd on Thursday unveiled the first Galaxy S smartphone with a stylus for on-screen work called the S Pen, more than a month ahead of its usual annual release schedule for models of its flagship compact phone.
Analysts have said offering a stylus within the Galaxy S21 series might signal the South Korean tech giant will merge the S line with its other premium smartphone range, the Note, already equipped with a note-taking stylus. That could free up resources for SamsunG to push its separate range high-end foldable phones as key mass products rather than niche devices.
Samsung is also looking to grab market share after China's Huawei Technologies was hit with U.S. sanctions that restricted its supply and hurt sales, analysts have said.
An early Galaxy S21 launch is a likely tactic to capitalise on Huawei's woes, said Counterpoint Research analyst Sujeong Lim. New iterations of the Note typically come in the second half of the year.
Analysts have said offering a stylus within the Galaxy S21 series might signal the South Korean tech giant will merge the S line with its other premium smartphone range, the Note, already equipped with a note-taking stylus. That could free up resources for SamsunG to push its separate range high-end foldable phones as key mass products rather than niche devices.
Samsung is also looking to grab market share after China's Huawei Technologies was hit with U.S. sanctions that restricted its supply and hurt sales, analysts have said.
An early Galaxy S21 launch is a likely tactic to capitalise on Huawei's woes, said Counterpoint Research analyst Sujeong Lim. New iterations of the Note typically come in the second half of the year.
TOP 5 STOCKS TO WATCHOUT:-
1.#TESLA-Tesla Inc said on Monday it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China.
A representative for the U.S. automaker made the comment in response to a query from Reuters.
The company obtained permission to start selling the cars from the Chinese government in November and has set a starting price of 339,900 yuan ($52,400).
2. #AMAZON : A local official from India's ruling Hindu nationalist party on Sunday registered a police complaint against an Amazon Prime web series alleging it insults Hindu gods and goddesses, and threatened to launch a protest at the company's office in Mumbai.
Protests against Amazon.com have been organised for Monday to warn it not to show scenes insulting Hindu gods and goddesses, Ram Kadam, a BJP member of the Maharashtra legislative assembly, said in a tweet after filing a complaint with police in Mumbai on Sunday.
The political drama "Tandav" also drew the ire of other lawmakers from the Bharatiya Janata Party (BJP), causing fresh controversy for the e-commerce giant which last year had to withdraw dozens of rugs and doormats depicting Hindu gods from its international Amazon.com platform after a backlash in India.
3.#SAMSUNG:-South Korea's Seoul High Court sentenced Samsung Electronics vice chairman Jay Y. Lee to a two-and-a-half year jail term, the court said on Monday.
Lee, 52, was convicted of bribing an associate of former President Park Geun-hye and jailed in 2017, but the sentence was reduced and suspended on appeal. The Supreme Court then sent the case back to the Seoul High Court, which ruled on Monday.
4. #FOXCONN :- Vietnam on Monday awarded a licence to a unit of Taiwan's Foxconn Technology Co Ltd to build a $270 million plant to produce laptops and tablets, the Vietnamese government said.
The plant, to be developed by Fukang Technology, will be located in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement on its website.
5.#FACEBOOK:-Facebook Inc said on Saturday it will ban advertisements for weapon accessories and protective equipment in the United States with immediate effect until at least two days after U.S. President-elect Joe Biden's inauguration on Jan. 20.
Following the attack by supporters of President Donald Trump against the U.S. Capitol on Jan. 6, the social media company said it will now prohibit ads for accessories such as gun safes, vests and gun holsters in the United States.
1.#TESLA-Tesla Inc said on Monday it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China.
A representative for the U.S. automaker made the comment in response to a query from Reuters.
The company obtained permission to start selling the cars from the Chinese government in November and has set a starting price of 339,900 yuan ($52,400).
2. #AMAZON : A local official from India's ruling Hindu nationalist party on Sunday registered a police complaint against an Amazon Prime web series alleging it insults Hindu gods and goddesses, and threatened to launch a protest at the company's office in Mumbai.
Protests against Amazon.com have been organised for Monday to warn it not to show scenes insulting Hindu gods and goddesses, Ram Kadam, a BJP member of the Maharashtra legislative assembly, said in a tweet after filing a complaint with police in Mumbai on Sunday.
The political drama "Tandav" also drew the ire of other lawmakers from the Bharatiya Janata Party (BJP), causing fresh controversy for the e-commerce giant which last year had to withdraw dozens of rugs and doormats depicting Hindu gods from its international Amazon.com platform after a backlash in India.
3.#SAMSUNG:-South Korea's Seoul High Court sentenced Samsung Electronics vice chairman Jay Y. Lee to a two-and-a-half year jail term, the court said on Monday.
Lee, 52, was convicted of bribing an associate of former President Park Geun-hye and jailed in 2017, but the sentence was reduced and suspended on appeal. The Supreme Court then sent the case back to the Seoul High Court, which ruled on Monday.
4. #FOXCONN :- Vietnam on Monday awarded a licence to a unit of Taiwan's Foxconn Technology Co Ltd to build a $270 million plant to produce laptops and tablets, the Vietnamese government said.
The plant, to be developed by Fukang Technology, will be located in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement on its website.
5.#FACEBOOK:-Facebook Inc said on Saturday it will ban advertisements for weapon accessories and protective equipment in the United States with immediate effect until at least two days after U.S. President-elect Joe Biden's inauguration on Jan. 20.
Following the attack by supporters of President Donald Trump against the U.S. Capitol on Jan. 6, the social media company said it will now prohibit ads for accessories such as gun safes, vests and gun holsters in the United States.
TOP 5 STOCKS TO WATCHOUT & TRADE TODAY – AUGUST 24, 2021
1#SAMSUNG
Samsung Group will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors and robotics in the post-pandemic era, Samsung Electronics Co Ltd said.
The firm did not say whether the latest investment figure includes the $17 billion it was reportedly spending on a new U.S. chip contract chip factory. The plan is 30% larger than Samsung’s previous three-year strategy floated in 2018. The group decided to increase investment to retain technological leadership, especially during “emergency situations” at home and abroad.
“The chip industry is the safety plate of the Korean economy… Our aggressive investment is a survival strategy in a sense that once we lose our competitiveness, it is almost impossible to make a comeback,” Samsung Electronics said in a statement.
Chip rivals including Taiwan Semiconductor Manufacturing Co Ltd and Intel Corp are making large investments amid a global chip shortage and intensifying competition in the advanced chip segment.
Samsung Group has 59 affiliates with assets totalling 457 trillion won, according to South Korea’s Fair Trade Commission.
https://www.capitalstreetfx.com/en/top-5-stocks-to-watchout-trade-today-august-24-2021/
1#SAMSUNG
Samsung Group will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors and robotics in the post-pandemic era, Samsung Electronics Co Ltd said.
The firm did not say whether the latest investment figure includes the $17 billion it was reportedly spending on a new U.S. chip contract chip factory. The plan is 30% larger than Samsung’s previous three-year strategy floated in 2018. The group decided to increase investment to retain technological leadership, especially during “emergency situations” at home and abroad.
“The chip industry is the safety plate of the Korean economy… Our aggressive investment is a survival strategy in a sense that once we lose our competitiveness, it is almost impossible to make a comeback,” Samsung Electronics said in a statement.
Chip rivals including Taiwan Semiconductor Manufacturing Co Ltd and Intel Corp are making large investments amid a global chip shortage and intensifying competition in the advanced chip segment.
Samsung Group has 59 affiliates with assets totalling 457 trillion won, according to South Korea’s Fair Trade Commission.
https://www.capitalstreetfx.com/en/top-5-stocks-to-watchout-trade-today-august-24-2021/
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TOP 5 STOCKS TO WATCHOUT & TRADE TODAY – AUGUST 24, 2021
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