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đ» Nvidia's new chips
and Treasury Yields jump
Good morning investors! The market fell with major indexes down as fear rules the market.
Today we cover:
US treasury yields jump
Nvidia makes an announcement
Identifying good stocks
We asked our subscribers an important question yesterday, hereâs what you said:
đ Economy and News
U.S. Treasury Auction Sees Slightly Higher Yields Amid Weaker Demand
The U.S. government auctioned $38 billion in 10-year Treasury notes on Tuesday, yielding a marginally higher rate than anticipated due to softening demand.
Strong data sent Treasury yields higher as investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figures.
The notes were awarded at a yield of 4.680%, slightly above the when-issued rate of 4.678% and significantly higher than the 4.235% yield in the previous auction. The bid-to-cover ratio, a measure of investor demand, fell to 2.53 from 2.70 in the prior auction, signaling weaker overall interest.
Domestic buyers showed stronger participation, with direct bidders accounting for 23% of the auction, surpassing the 17% historical average.
Following the auction, the yield on the 10-year Treasury declined slightly, trading at 4.278%, down from 4.286% just before the results were announced.
Global hits:
Euro zone inflation rose to 2.4% in December, meeting expectations.
As Biden nears exit, US bans medical debt from credit reports.
Trump says he will revoke Biden offshore drilling ban on first day in office.
Brazil's 2024 growth seen at 3.6%.
Good to know: Samsung Electronics plans to ramp up its on-device AI, as it bets on the consumer electronics unit to exceed overall global market growth this year.
The worldâs largest smartphone and TV maker expects its mobile devices business to grow by 4-5% this year,
Something about the UK: U.K. house prices fell for the first time in nine months in December, as the countryâs Budget and higher mortgage rates dampened a recent flurry of homebuyer activity. Average property prices dipped 0.2% between November and December â the first monthly drop since March â fresh data from lender Halifax showed Tuesday. On the other hand, the yield on 30-year Gilts â a U.K. government bond â on Tuesday rose to the highest level since 1998. Moreover, yields on U.K. government bonds with shorter maturity terms also moved higher.
Warning: Fitch warns of US debt-ceiling stalemate despite Republican-controlled government.
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đ Stocks
S&P 500 5,909.03 (-1.11%)
DJIA 42,528.36 (-0.42%)
NASDAQ 19,489.68 (-1.89%)
BRENT CRUDE 77.02 (+0.94%)
* Prices as of Jan 8th, 12:20 AM UTC
Nvidia Unveils GeForce RTX 50-Series Chips at CES
Nvidia introduced its GeForce RTX 50-series chips for desktop and laptop PCs at CES in Las Vegas, showcasing the same Blackwell architecture used in its leading AI processors for data centers. The chips will power systems priced between $550 and $2,000, with laptops featuring the new technology set to launch in March.
The flagship RTX 5090, priced at $1,999, is twice as fast as its predecessor and features 92 billion transistors, compared to the 208 billion in Nvidia's B200 GPU for servers. These chips are optimized for both advanced gaming graphics and AI applications, reflecting Nvidiaâs push to integrate AI into consumer products.
While gaming revenue grew 15% year over year in the latest quarter, it accounted for less than 10% of total sales, as Nvidia's data center business, now 88% of revenue, continues to dominate with skyrocketing demand for AI GPUs.
By leveraging its AI advancements for gaming, Nvidia aims to maintain its edge in both markets, positioning the RTX 50-series as a significant milestone for the companyâs consumer and AI-focused ambitions.
Controversial: Meta announced it will eliminate its third-party fact-checking program and implement a âCommunity Notesâ model, similar to the one that exists on Elon Muskâs X. The company is also bringing back political content on its platforms and removing restrictions on subjects like immigration and gender. This change, however, is being critiqued by Meta employees.
Exciting: Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger. Also, J&J says its lung cancer drug combination keeps people alive longer.
đ” Personal Finance
Identifying a great value stock
Though important, identifying good stocks can be tricky. You have to find stocks that are lower than their market value. Analysts provide estimates but they aren't always true, you will have to look at other factors too.
Value stocks typically have a good history, i.e: companies are old with strong financials. Moreover, theyâre consistent and usually also offer dividends.
Warning âïž : Just because a company has a good history or excellent financials doesnât mean itâs safe. Sometimes a stock only appears to be a good value for investors but is actually a value trap. Value traps can continue to suffer share price declines even when their stocks seem attractive.
Value trap examples:
Some industries such as construction and manufacturing are known for being value traps as their earnings often rise substantially during boom times, which is only temporary. When investors see a possible bust coming for a stock, its valuation will look very inexpensive compared to recent earnings -- but much less so once earnings fall during the weaker part of the business cycle.
The same thing can be said for stocks related to intellectual property. For instance, if a drug company has a high-selling treatment but is losing patent protection for it in the near future, much of its profits can disappear in no time.
We have seen this happen to big companies like Ford, which rewarded investors with a dividend of 65 cents a share. This boosted the company's image but isn't a reason good enough to invest as it was a one-time move.
If youâre more interested in dividend stocks then donât forget to check DividendDownload.
Check this interesting video on the topic:
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