Investing Ideas
“Magnificent Seven” Stocks to Buy First in August
When volatility picks up, investors have a tendency to gravitate to trusted companies that have a history of outperforming the broad-market indexes.
When volatility picks up, investors have a tendency to gravitate to trusted companies that have a history of outperforming the broad-market indexes. In 2023, it's been the “magnificent seven” that investors have flocked to. The magnificent seven consists of:
- Apple consistently accounts for around half of all U.S. smartphone market share.
- Microsoft's Windows operating system remains globally dominant on desktops, while Azure is the world's No. 2 cloud infrastructure service provider by market share.
- Alphabet's Google accounts for 92% of global internet search share, as of July 2023.
- Amazon's online marketplace brings in roughly 40% of U.S. online retail sales, while Amazon Web Services is the world's leading cloud infrastructure service provider.
- Nvidia controls up to 90% of artificial intelligence (AI)-driven graphics processing units deployed in high-compute data centers. Tesla is the only pure-play electric-vehicle (EV) manufacturer that's profitable on a recurring basis.
- Meta Platforms' four key social media sites (Facebook, Instagram, WhatsApp, and Facebook Messenger) attracted nearly 3.9 billion monthly active users in the June-ended quarter.
International
Swiss Giant UBS Posts Record Q2 2023 Net, but Most Comes from Acquisition Related Negative Goodwill
Since the completion of the acquisition of Credit Suisse by Switzerland's largest bank, UBS (UBS) has posted a profit of $28.88 billion in Q2 2023.
U.S. Economy
Fed, Economists Make Course Correction on U.S. Recession Predictions
The first two quarters of 2022 had seen U.S. economic output contract at a 1.6%
International
Thailand’s 2023 Inflation Forecast to Be 1-2%, the Lowest in ASEAN
Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates
