Operations this week
I had no active operations this week.
Compare with the market
In terms of U.S. stocks, there were basically no major changes this week except for individual stocks. TSMC had a better rise, up 11.43%, while Tesla and Nvidia fell 7.98% and 5.57% respectively. The rise of TSMC was mainly stimulated by the news that it was bought by Berkshire last quarter. The decline of Tesla is due to the market’s fear that Twitter’s business operating risk will have a negative impact on Tesla; on the other hand, the growth rate of Tesla may slow down because the demand for its electric vehicles in China or other countries seems to have decreased. This week, the market expects that the US inflation will peak and ease. At present, most analysts believe that the next interest rate hike will only increase by 0.5%, which is lower than the previous expectation, which is good for the stock market. As we are approaching the end of the year, let’s see how much the market will finally fall this year. However, in any case, we don’t need to be fearful about the recent market decline, as long as the market can finally regain its upward trajectory in the long run.
In terms of Hong Kong stocks, this week performed well. Xiaomi Corp (HK stock code: 1810) did not rise or fall, but Tencent (HK stock code: 700), Alibaba Group Holding Ltd (HK stock code: 9988) and China Merchants Bank (HK stock code: 3968) rose by 11.38% and 12.92% and 3.29%. First, The US auditors sent to Alibaba’s HK office completed the auditing job ahead of schedule, and then there was news that the game sector was loosened in the mainland China, and the Chinese President also expressed his willingness to increase cooperation with leaders of other countries at the G20. Let’s see whether China and the United States will move towards a more peaceful cooperation path from now on, although it is difficult to make major changes for a while. I hope that Hong Kong stocks can usher in a return of value next year.
Regarding the three long call options Palantir, BABA and ARKK in my positions, record the closing prices of this week as $0.52, $22.22 and $5.33 respectively. The three haven’t changed much this week, so I’ll be patient, and so far, I’m still pretty confident about their future.
Unrealized earning: -13.92%
Cash level: -8.88%
Record of last week
You may also see the portfolio record last week here.
|Company logo||Stock code||Company name||Cost price||Closing price last wk||Latest price||%increase w/w||% increase overall||% share of portfolio|
|9988||Alibaba Group Holding Ltd||HK$ 190.798||HK$ 70.8000||HK$ 79.9500||12.92%||-58.10%||6.35%|
|700||Tencent Holdings Ltd||HK$ 527.404||HK$ 258.4000||HK$ 287.8000||11.38%||-45.43%||6.34%|
|3968||China Merchants Bank Co Ltd||HK$ 36.264||HK$ 33.4500||HK$ 34.5500||3.29%||-4.73%||5.33%|
|1810||Xiaomi Corp||HK$ 18.4||HK$ 10.3000||HK$ 10.3000||0.00%||-44.02%||4.90%|
|AAPL||Apple Inc||US$ 113.022||US$ 149.6900||US$ 151.3100||1.08%||33.88%||10.91%|
|MSFT||Microsoft Corporation||US$ 210.693||US$ 247.0900||US$ 241.2200||-2.38%||14.49%||9.41%|
|NVDA||NVIDIA Corporation||US$ 118.972||US$ 163.2500||US$ 154.1600||-5.57%||29.58%||8.51%|
|AMD||Advanced Micro Devices Inc||US$ 78.889||US$ 72.4100||US$ 73.5900||1.63%||-6.72%||8.18%|
|GOOGL||Alphabet Inc-CL A||US$ 86.32||US$ 96.4200||US$ 97.4700||1.09%||12.92%||8.07%|
|TSM||Taiwan Semiconductor Manufacturing Company Limited||US$ 97.393||US$ 73.8300||US$ 82.2700||11.43%||-15.53%||7.55%|
|TSLA||Tesla Inc||US$ 163.798||US$ 195.8800||US$ 180.2500||-7.98%||10.04%||7.28%|
|META||Meta Platforms Inc||US$ 236.194||US$ 113.0500||US$ 112.0500||-0.88%||-52.56%||4.83%|
|V||Visa Inc||US$ 193.284||US$ 205.0000||US$ 210.8000||2.83%||9.06%||4.44%|
|MA||Mastercard Incorporated||US$ 314.366||US$ 339.2900||US$ 343.6900||1.30%||9.33%||4.27%|
|AXP||American Express Company||US$ 62.788||US$ 154.8900||US$ 152.5000||-1.54%||142.88%||3.63%|
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