Hot news
US stocks rose like a rainbow at the beginning of the year! Goldman Sachs raised the S&P 500 target price again
With the strong rise in US stocks since the beginning of the year, the S&P 500 index has continued to reach new highs, and Wall Street's expectations for the performance of US stocks this year have also continued to rise. Goldman Sachs raised the target price of the S&P 500 index to 5,200 points in 2024 in its latest report. This is the second time in the past three months that the bank has raised the S&P 500 target price.
The Big Seven have become the “second largest stock market in the world”, and analysts once again mentioned the risk of “domination”
Deutsche Bank analysts wrote in the report that if seven US tech giants formed a new stock exchange, their total market capitalization could become the second-largest stock market in the world, more than double that of the fourth-ranked Japanese stock market. The bank warned that the concentration of the US stock market is already equivalent to the level of 2000 and 1929, and these two periods experienced an “internet bubble” and a “major stock disaster,” respectively.
The US business community is backing down: the stock market is frighteningly high; only by lowering the performance outlook can we protect ourselves
The divergence between the rise in US stocks and macro risks made US listed companies feel uneasy. In their earnings forecasts for this quarter, many US companies have lowered their future business goals in an effort not to give investors a chance to be disappointed. According to industry data, more than one-third of the US companies that provided performance forecasts in January fell short of analysts' expectations, while the proportion of companies whose profit expectations were higher than those analyzed by the industry was only 21%, the lowest level since February 2022.
At a time when Japanese stocks have repeatedly hit new highs in 34 years, BlackRock continues to be bullish: it will be the big winner of Japan's interest rate hike
BlackRock, the world's largest fund management company, continues to be bullish on Japanese stocks, believing that large numbers of low-allocation positions mean that more capital will flow into the Japanese market. BlackRock believes that the withdrawal of Japan's ultra-loose monetary policy, which has been anticipated by the outside world, may have an unusual impact on the market, making the Japanese stock market the biggest beneficiary of interest rate hikes.
Company news
It has risen more than 40% this year, and some hedge funds have already earned 1 billion US dollars at Nvidia
$NVIDIA (NVDA.US)$Since the beginning of the year, the increase has been over 40%, and hedge funds that are betting more on Nvidia are very profitable. According to reports, the hedge fund Arrowstreet Capital increased its holdings of Nvidia shares by nearly 4 million shares in the fourth quarter of last year, reaching 2.1 billion US dollars by the end of last year. If the company continues to hold it, it has already made a profit of at least 1 billion US dollars since this year.
As soon as Nvidia took action, capital surged along! The “Nvidia stock trading section” is completely popular
The “Nvidia Stock Trading Section”, which has recently become popular in US stocks, has attracted a large influx of capital from around the world. One of these sectors$SoundHound AI (SOUN.US)$It surged nearly 79% last week.$Arm Holdings (ARM.US)$The stock price doubled in three days. Wedbush Securities, a well-known investment agency on Wall Street, recently said that Nvidia announced that it has made strategic investments in several AI-related technology companies, including SoundHound AI, an artificial intelligence recognition company focusing on the voice field, which has recently soared in stock prices. These investments may only be the beginning of the chip giant's AI investment ambition with a market capitalization of over a trillion US dollars.
Is it still too late to buy an ultra-micro computer? Bank of America analysts say the target price is at $1,040
$Super Micro Computer (SMCI.US)$There were gains in Jiulianyang after the quarterly report was released, but there was a decline last Friday. Currently, the ultra-microcomputer stock price has reached $803, but this has not reached the end that Wall Street thinks. Bank of America analyst Ruplu Bhattacharya believes that the development of the AI server market is far better than expected, and as the dominant player, the future of ultra-microcomputers is still worth looking forward to. He gave a target price of $1,040 for the stock.
The third subsidy for the US chip industry announced: GF will receive 1.5 billion US dollars in funding
The US government will send the semiconductor company G&C$GlobalFoundries (GFS.US)$Providing $1.5 billion in subsidies to expand its production projects in New York and Vermont, this is the third subsidy under the US Government's Chip Act, and the Department of Commerce plans to allocate more subsidies in the coming weeks and months.
US regional bank Truist Financial is about to reach an agreement to sell a majority stake in its insurance brokerage business
A person familiar with the matter said that the US regional bank$Truist Financial (TFC.US)$An agreement will soon be reached to sell a majority stake in its insurance brokerage business to Stone Point Capital and Clayton Dubilier & Rice. According to the person familiar with the matter, the news of the sale of Truist Insurance shares may be announced as early as this week. They said the deal could value the asset at around $15 billion.
Apple reportedly shelved foldable iPhone development plans
According to market information, the supplier screen failed to pass$Apple (AAPL.US)$Apple suspended the development of the foldable iPhone after strict testing standards. Earlier, it was reported that Apple is developing at least two iPhone prototypes with foldable flip covers. They use a vertical folding design to support hovering. When unfolded at a 90 degree angle, you can take pictures without a stand.
Hong Kong Market Outlook
Beishui sweeps up CNOOC over HK$600 million and adds Meituan to nearly HK$300 million
On February 19 (Monday), Southbound made a net purchase of HK$4.266 billion in Hong Kong stocks.
$CNOOC (00883.HK)$,$CHINA MOBILE (00941.HK)$,$MEITUAN-W (03690.HK)$Received net purchases of HK$616 million, HK$376 million and HK$259 million respectively;
$HSBC HOLDINGS (00005.HK)$,$TENCENT (00700.HK)$,$WUXI BIO (02269.HK)$Net sales were HK$114 million, HK$79.15 million, and HK$43.08 million respectively.
Oriental Select tests the waters for “hourly delivery”, which currently covers parts of Shanghai and Beijing
According to reports, since the beginning of this year,$EAST BUY (01797.HK)$Water testing hours have begun. Currently, cities covered include Shanghai and Beijing. Shanghai mainly includes Hongkou District and Xuhui District, and Beijing includes Jingdongchang's Shilihe area, but Oriental Selection did not disclose whether it has plans to expand to other cities in the future.
BYD's new car hits the 70,000 range
February 19,$BYD COMPANY (01211.HK)$The Qin PLUS and Destroyer 05 Glory Edition went on sale. The official guide price started at 79,800 yuan, speeding up the transformation of oil to electricity, impacting the A-class sedan market, and starting an era where the price of electric vehicles was lower than that of fuel vehicles of the same class.
Today's attention
Keywords: US January Conference Leading Index Monthly Rate, China One-Year/Five-Year Loan Market Quotation Rate, Home Depot/Walmart/HSBC Holdings Performance
On Tuesday, in terms of economic data, investors can pay attention to the quoted interest rates in China's one-year/five-year loan market; on the US side, the monthly rate of the leading indicator of the US January Advisory Council is also worth paying attention to.
In terms of financial reports, home furnishing giants$Home Depot (HD.US)$, retail giants$Walmart (WMT.US)$US stocks announce pre-market results;$HSBC Holdings (HSBC.US)$The list will be released after the market.
Futubull Chen read:
If you want to convince others, resort to profit rather than reason.
—Charlie Munger
Editor/Corrine