Hot news

• Wall Street bulls: millennials are expected to be a "shot in the arm" for US stocks, with the S & P 500 rising another 313% in eight years

Tom Lee, co-founder and head of research at Fundstrat Global Advisors, a US investment firm, is particularly optimistic about the outlook for US stocks in 2022, predicting a return of at least 11 per cent for the S & P 500. in addition, he said millennials will drive a decade-long stock market bull market as the most populous generation in the United States enters its income peak and begins to start families.

According to him, the S & P could soar to 19349 by 2029, up 313 per cent from its current level. If the increase reaches this level, the compound annual growth rate will reach 20 per cent, well above the historical average of 7 to 10 per cent for the US stock market.

• Wedbush is firmly bullish on technology stocks: Apple Inc and Microsoft Corp will break through 3 trillion yuan in market capitalization, and the Nasdaq will reach 19000 points.

Wedbush issued a forward-looking forecast for US technology stocks in 2022. Dan Ives, an analyst at the bank, believes that some of the recent fluctuations in US stocks are just a "digestive period of labor pains" and market concerns about the increased spread of the O'Micron mutant virus. He is optimistic that the performance of large-scale technology stocks will continue to grow next year, including Apple Inc, Microsoft Corp, Alphabet Inc-CL C and other large technology stocks.

In addition, he believes that the Nasdaq composite index could reach 19000 by the end of next year, up from about 15600 now. The potential growth prospects for the tech industry as a whole are two to three times normal or historical levels, Ives said.

• Christmas holiday under the epidemic: O'Micron raged and more than 1000 flights in the United States were cancelled

American Airlines cancelled nearly 1000 flights on Saturday (Christmas Day) due to a surge in COVID-19 cases caused by the Omicron mutation, disrupting people's travel plans for the Christmas weekend holiday for the second day in a row.

A total of 957 flights were cancelled in the United States on Christmas Day, including domestic flights and flights in and out of the country, up from 690 on Christmas Eve, according to flight tracking company FlightAware. In addition, nearly 2000 flights were delayed.

• Fauci warns Americans not to take the virus lightly. Hospitals may be overcrowded.

Fauci, chief medical adviser to President Joe Biden, said on Sunday that despite signs that O'Micron 's symptoms may be less severe, Americans should remain vigilant because the number of patients could overwhelm hospitals. "We don't want to see people take it lightly," Fauci said on the program "This Week." although O'Micron 's illness is not serious, so many newly confirmed cases may offset this factor.

• The fourth wave of the epidemic peaked! O'Micron infection peak has passed, South Africa relaxes epidemic control

The fourth wave of the outbreak caused by the Omicron strain in South Africa, the former chief adviser to the South African government on epidemic prevention, has "peaked", and the number of confirmed cases in the country showed a steady or even downward trend last week. Due to the high overall immunity level in the country and a large number of asymptomatic infections, the South African Ministry of Health announced last week that controls would be relaxed and that secret contacts of confirmed cases would not need to be tested or quarantined unless symptoms appeared.

• The capacity of "connectivity" is expanded! ETF will be included in the target of Shanghai-Hong Kong-Shenzhen interconnection.

The inclusion of ETF into the target of interconnection can enrich the investment channels and trading varieties of domestic and foreign investors, and facilitate domestic and foreign investors to allocate each other's market resources more conveniently and effectively; on the other hand, the inclusion of ETF into the target of interconnection will further improve the investor structure and promote the healthy development of the ETF market.

Review of US stocks

• Zuckerberg was named "villain of the year" by American journals

According to Newsweek,$Meta Platforms (FB.US) $Zuckerberg, founder of platform Facebook, has been named villain of the year by The New Republic magazine for creating "the worst and most destructive website in the world".

• Dozens of Apple Inc employees went on strike on Christmas Eve, calling on customers not to buy Apple Inc products.

Recently, it is reported that dozens of people$Apple Inc (AAPL.US) $Apple Together, an employee group, went on strike on Christmas Eve to demand better working conditions at Apple Inc's retail store. Strike organizers said 50 employees from at least three states suspended work on Friday, citing insufficient paid sick leave, lack of epidemic hazard pay and other problems.

• Alphabet Inc-CL C was fined 600 million yuan by the Russian court for failing to delete the banned information.

According to foreign media reports, the Russian court imposed a fine of 7.2 billion rubles on Alphabet Inc-CL C.$Alphabet Inc-CL C-C (GOOG.US) $The statement said it would decide whether to appeal against the fine for failing to delete banned information after studying the court's decision.

• Intel Corp plans to expand the fab capacity by 30% within 5 years.

China Taiwan Economic Daily quoted unnamed sources in the industry as saying$Intel Corp (INTC.US) $It plans to increase production capacity in Ireland, Israel and the United States from 2023 to 2024. According to the report, the company plans to add one new fab in the United States and one in Europe.

• Wei should recruit talent in the United States: normal behavior, has set up a software development team in the United States

A few days ago, the US media reported that$NIO Inc. (NIO.US) $A number of job advertisements have been posted in the United States, which is seen as a sign of the expansion of overseas distribution to the United States, but NIO Inc. says it is normal to recruit people in the United States. It is reported that NIO Inc. told the media, "since the establishment of the company, has set up a software development team in San Jose, the position release is a normal recruitment behavior." "

• Baidu, Inc. 's first meta-universe "Xi Yang" selected NVIDIA Corp as a partner, and the two sides jointly built the "AI meta-universe".

$Baidu, Inc. (BIDU.US) $与$NVIDIA Corp (NVDA.US) $An agreement has been reached for the two sides to work together to build AI meta-universe. At the Baidu, Inc. Create2021 (Baidu, Inc. A developers' Conference) to be held in Beijing tomorrow, Baidu, Inc. will launch the first domestically produced meta-cosmic product, Xiyang.

• Zhihu Inc. responded to the secondary listing in Hong Kong: I have not heard of this news.
  

According to the media,$Zhihu Inc. (ZH.US) $It plans to list in Hong Kong in the near future and may submit IPO documents in January next year. Prior to the news that Zhihu Inc. will dismantle the VIE structure, or return home for listing, Zhihu Inc. has not yet publicly responded. In response to the media report, Zhihu Inc. responded that he had not heard the news.

The Prospect of Hong Kong City

• Xu Jiayin: Evergrande refuses to lie flat, ensuring the delivery of 39000 units in December

The evening of December twenty _ sixth$China Evergrande Group (03333.HK) $The group held a weekly meeting on the resumption of work and production, and summarized the situation of the company's resumption of work and production in December. Xu Jiayin said at the meeting, "since the company got into trouble, we have delivered less than 10, 000 units in September, October and November, but with the resumption of work and production, the group has 115 projects planned to be delivered in December, and there are still five days left this month. We must make every effort to sprint to ensure that the target of 39000 units this month is achieved. "

• Sunny Optical Technology: will contribute 1.8 billion yuan to subscribe for 6% equity of Chongqing Ant Consumer Finance Co., Ltd.

$Sunny Optical Technology (02382.HK) $It was announced that on December 24, 2021, subscribers (including Shunyu Zhejiang Optics, Ant Group, China Cinda, Yuyue Medical, Boguan Technology and Yufu Capital) entered into equity subscription agreements with the target company and current owners. Shunyu Zhejiang Optics and other subscribers have agreed to inject RMB 1.8 billion and RMB 20.2 billion into the target company respectively. The registered capital of subscription is RMB 1.8 billion and RMB 20.2 billion respectively. Upon completion of the expected capital increase under the equity subscription agreement, Shunyu Zhejiang Optics will hold a 6% stake in the target company expanded by the capital increase and will become the third largest equity owner of the target company.

Focus today

Keywords: Hong Kong stocks closed, Baidu, Inc. AI developer Conference, Dallas Fed Business activity Index

In addition, this Monday is the first working day after Christmas, Hong Kong stocks are closed, Hong Kong Stock Connect, Shanghai and Shenzhen Stock Connect suspended trading.

Niuniu morning reading:

Must have sense of security backed by knowledge and self-confidence. If you lack self-confidence, guilt and fear will lead to a fiasco in your investment. Investors who lack self-confidence tend to be nervous and often sell shares when share prices fall. However, this kind of behavior is crazy, just like you just bought a house for $100000 and immediately told your broker that you would sell it for $80, 000.

-- Buffett