The S&P 500 and Nasdaq has performed strongly in 2024 so far, both indices increasing around 8% YTD. The correlated performance of both indices is substantially attributable to the performance of the Magnificent 7 stocks which comprises Nvidia, Meta Platform, Amazon, Microsoft, Alphabet, Apple and Tesla. These 7 stocks amount to 29% of the S&P …
Sea Limited (NYSE: SE) was the stock darling for hypergrowth investors back then. Triple-digit topline growths for topline and gross merchandise value, and a profitable gaming arm, it seems like nothing could go wrong. It was the stock that Singaporeans or Asians who were finding the next diamond in the rough. Heck, even I believed …