How to know if USA stock is sharia compliance or not?

Thanks.

Hi noob in US stocks here. I’m thinking of setting up an account with CIMB. Is there any better options out there?

Hi newbies here

I tried to establish new account with td ameritrade sg, tried contacting the singapore office but not attended...

That makes me worry for future trade, any better platform recommended?

TD Ameritrade Singapore announced on Wednesday that it will eliminate commissions on online exchange-listed stock, ETF (exchange-traded fund) and option trades for its clients trading the US markets in Singapore.

The move, which will take effect on Aug 3, slashes fees from US$10.65 to zero. Clients trading options will now pay US$0.70 per contract with no exercise or assignment fees.

Robintrack.net, the website whose hourly updates on retail stock demand became a minor obsession of Wall Street, will end its service after owners of the Robinhood investing app curtailed access to the data on which it ran.

The two-year-old portal “will be coming to an end, at least in its current form,” according to its creator, Casey Primozic, 23, who built the site as a college side project and watched daily traffic swell to the tens of thousands. Robinhood will stop providing the feed on which Robintrack’s information is based out of concern it’s disadvantaging clients.

Primozic’s site used data from the app showing broad trends among Robinhood users’ trading to display which stocks were popular with its clients. The information became a proxy for the preferences of individual investors everywhere.

“They said the reason they’re doing this is because ‘other people’ are using it in ways they can’t monitor/control and potentially at the expense of their users,” he wrote in a message to Bloomberg News. “They feel it paints Robinhood as being full of day traders when they say most of their users are ‘buy and hold.”’

In an emailed statement from a spokesperson, Menlo Park, California-based Robinhood confirmed it will stop displaying the number of customers who hold a particular stock, and limit the data feed in the near future. “The trend data that is available on our web platform can be reported by third parties in a way that could be misconstrued or misunderstood,” the email said. “Importantly it is not representative of how our customer base uses Robinhood.”

So those shares that were push up by covid-19 will come tumbling down with the vaccine?

Yelp Inc., the online reviewer, has data showing more than 80,000 permanently shuttered from March 1 to July 25. About 60,000 were local businesses, or firms with fewer than five locations. About 800 small businesses did indeed file for Chapter 11 bankruptcy from mid-February to July 31, according to the American Bankruptcy Institute, and the trade group expects the 2020 total could be up 36% from last year.

While the businesses are small individually, the collective impact of their failures could be substantial. Firms with fewer than 500 employees account for about 44% of U.S. economic activity, according to a U.S. Small Business Administration report, and they employ almost half of all American workers.

Justine Bacon permanently shut her Yoga Brain studio in Philadelphia after deciding it was too dangerous to hold indoor classes because of the pandemic. Bacon didn’t file for bankruptcy, she just simply closed up shop and went out of business on June 30.

SHLL steroid yesterday.

But can't find the news to support it. Probably can't sustain.

Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) stock moves for the second-quarter are out, revealing a new position in Barrick Gold.

According to a 13-F regulatory filing, Berkshire Hathaway snapped up approximately 20.9 million shares of Barrick Gold (GOLD), a position valued at $563.5 million at the end of the quarter.

Shares of the gold exploration company were last trading up about 3% near $27.76 per share in the after-hours session.

Berkshire exited its stake in Goldman Sachs (GS), selling the remaining 1.9 million shares, the filing shows.

During the quarter, slashed its positions in financials, including Wells Fargo (WFC) and JPMorgan Chase (JPM). Specifically, Berkshire cut its JPMorgan stake by 61%, selling 35.5 million shares to last own 22.2 million shares, a position valued at $2.01 billion at the quarter’s end. Berkshire also cut Wells Fargo by 26%, selling 85.63 million shares to last own 237.58 million shares, a stake worth $6.1 billion at the quarter’s end.

Elsewhere, Berkshire added to its stake in grocery chain Kroger (KR), buying 3 million additional shares in the quarter. The company last held 21.9 million shares in Kroger, a position valued at $742.6 million at the end of the quarter.

Interesting to see buffett 13F filling.

Growth Stock:
Keep , No add.

Value Stock:
Defensive Good Yield - Add
Popular Value Stock - Trim

Overall it's a very value play with acquisition on dividend yielding defensive plays, while shedding other value stock that has bigger exposure and attention in wall street.

From the filling changes can see Berkshire team stance is negative on US wallstreet valuation, neutral on tech growth stock, see value in beaten down value stock.

In particular, the buy in barrick gold is due to it's a good dividend yielding business rather than they are in gold i guess.

That's a gold mining stock, yes?

Nowadays, one needs to be alert and not follow Buffett, as I find him contradicting himself .... a lot!

2.1k seems realistic

TSLA pre-market at 1890 wtf, should i take profit at 1900?

Walmart reported a strong second quarter Tuesday, fueled by a 97% jump in e-commerce sales in the U.S. Walmart CEO Doug McMillon said the company benefited from Americans buying groceries, looking for ways to stay entertained during the pandemic and spending money on their homes. Some of those dollars came from government stimulus.

Yet the company did not provide a financial outlook for the rest of the year. In an interview with CNBC, Walmart Chief Financial Officer Brett Biggs pointed to government stimulus as a factor that’s creating uncertainty during the pandemic.

“Stimulus was definitely impactful to the consumer in the second quarter, and we’re watching what’s going on in Washington, and how we’re going to progress with a new stimulus package,” Biggs said. “I think certainly it would be helpful for consumers.”

China cautious on hitting back at US companies after Huawei sanctions

However, some believe Beijing has limited room for manoeuvre. “China’s ability to retaliate in high-tech is very limited” and in many industries it is still keen to attract foreign investment, said Shi Yinhong, an international relations scholar at Renmin university in Beijing. “I can’t think of any tit-for-tat retaliatory measures.”

Analysts also point to the fact that US companies are often closely integrated with their Chinese counterparts in the world’s second-biggest economy, such as through joint ventures, risking collateral damage if Beijing targets US companies.

General Motors, for example, sells more cars in China than it does in the US. But its joint ventures with Chinese car companies mean that the domestic industry would also suffer if authorities targeted GM.

“If they go after General Motors, it would likely hurt [its Chinese partner] SAIC Motor too,” said Tu Le, founder of consultancy Sino Auto Insights.

There could be too much collateral damage, especially at a time when the government wants the car industry to be a driver of China’s economic recovery from coronavirus, Mr Le said.

Executives point out that market access for foreign companies is often only granted if China believes they will help to develop local industries, such as investment banking, electric cars and software development. That suggests there is little incentive to kick them out once they have been invited in.

“While the macroeconomic environment remains uncertain, Intel shares are currently trading well below our intrinsic valuation, and we believe these repurchases are prudent at this time,” CEO Bob Swan said in a statement late Wednesday.

Intel said it’s funding the buyback with existing cash resources. It expects to complete the remaining $2.4 billion of the $20 billion repurchase program “when markets stabilize.”

An analysis of FANGAM


Summary:
He holds Apple, Microsoft and Facebook before the analysis.

All are overvalued except Facebook. Sold Apple because he thinks it's too overvalued.
Holds Microsoft and Facebook. Currently monitoring Google and Netflix.
Not adding Facebook. Plans to buy Google and Netflix if they report bad earnings and price goes down.

Sold Tesla at $640 in January only to watch it skyrocket to $2,000 but says it was the decision that made the most sense to him.

Not a hardcore Intel fan but personally agree that Intel is undervalued for a such big company.
Just their management is screw up at this moment, might give them awhile to clean up their mess.

Exxon Mobil Corp, Pfizer Inc. and Raytheon Technologies Corp. were kicked out of the Dow Jones Industrial Average as part of the stock benchmark’s biggest reshuffling in seven years, actions that will boost the influence of technology companies that have dominated the 2020 stock market.

Salesforce.com, Amgen Inc. and Honeywell International will enter the 124-year old equity gauge a week from today, its overseers said. The moves were prompted when Apple Inc.’s stock split effectively reduced the sway of computer and software stocks in the price-weighted average.

But NKLA drop all the way after IPO.

If SHLL similar to NKLA, should sell after IPO? Cannot hold long.

If it have sign to grow back, buy again.

Wonder how high the price shot. $100 maybe. 

Fed gov pump trillion into the market.

I already said, if you don't grab some of it, you're stupid.

Once thing get back to normal, no more such crazy hype.

The retailer’s digital sales surged 194%, including the orders customers made online to pick up at stores when they were shuttered. And profits increased a triple-digit percentage from a year ago, thanks in part to the retailer not having to use as many promotions to move merchandise that was hot in demand.

We had an exceptionally strong Q2 in which we delivered our highest ever quarterly sales and earnings. These results are a testament to the hard work and dedication of our teammates, who reacted quickly to favorable shifts in consumer demand throughout the quarter,” said Edward W. Stack, Chairman and Chief Executive Officer. “During this pandemic, the importance of health and fitness has accelerated and participation in socially distant, outdoor activities has increased. There has also been a greater shift toward athletic and active lifestyle product with people spending more time working and exercising at home. The majority of our assortment sits squarely at the center of these trends, and while mindful of the uncertainty in the current environment, we are in a great lane right now.

China’s military has already approved the use of CanSino’s vaccine before the completion of large-scale final testing, usually known as Phase 3 trials, according to a filing the company made with the Hong Kong stock exchange.

Pierre Morgon, senior vice president for international business at CanSino, said getting the vaccine out to millions of people now, before its clinical trials are complete, would broaden the base of knowledge about the drug’s safety and effectiveness. By comparison, final-stage experimental trials typically involve several thousand participants. Such early distribution would require the countries to authorize the drug for emergency usage.

“It helps to build the safety database and certainly build the confidence in the fact that the vaccine is safe. If, in the meantime, if it is demonstrated as being effective in the Phase 3 trials, then it might be an accelerator for future contracts for vaccine supply,” said Mr. Morgon.

The vaccine has been shown to promote an immune response, and no serious safety concerns have emerged in early human trials involving smaller groups, according to the company and trial results published in the Lancet, a prestigious international medical journal.

But now is a good time to enter ETF?
SP and NASDAQ price like all time high

On Friday, China updated its list of technologies subject to export restrictions to include a number of areas from voice recognition to chip design.

The export list had not been updated since 2008. Companies wishing to export technologies on the list must obtain a license from the government, according to China’s Ministry of Commerce.

One of the items subject to restrictions are technologies for “recommendation of personalized information services based on data analysis,” according to a CNBC translation of the export list.

Yes..just take look at some of the leverage type of ETF and most recently some oil-based ETN/ETF this year or the volatility indexes trackers.
They usually decayed and until they no longer has any value, the company who created this ETN/ETF will delist it.

Here's my bet for this week since tech stocks are strong and may not want to go down.
If it does, I'll get some.

Sold Sept 4 TQQQ 140 Put for 1.00.
TQQQ is 3x leverage for QQQ.   

Will expire by this Friday.

4 days to go...