Hot news

• Yellen: Job opportunities are increasing rapidly, and the heat of the labor market is decreasing.

US Treasury Secretary Yellen said on Thursday that while the unemployment rate has risen slightly, "we are rapidly creating job opportunities," which indicates that the "heat" of the labor market is declining and becoming more normal. In addition, Yellen said that as long as the debt burden of $34.7 trillion remains roughly the same as other parts of the economy, US debt is manageable.

• Goldman Sachs: US stocks still have upward momentum in the second half, with slow growth in performance.

According to JPMorgan strategist David Kelly's mid-year outlook report, after the S&P 500 index achieved double-digit returns since January, although the market trend may be slow and not rocket-like growth, the robust performance of profits, the end of the Fed's tightening monetary policy, and the economy will continue to boost the US stock market in the coming months.

• The assets of the US money market fund reached a record $6.12 trillion.

Due to expectations that the Fed will not rush to ease monetary policy, the assets of US money market funds have risen to a record level. Data from the Investment Company Institute shows that approximately $28 billion flowed into US money market funds in the week ending June 12, and total assets rose from the previous week's $6.09 trillion to $6.12 trillion, exceeding the historical high touched in April.

• Countdown to Ether ETF: US SEC Chair expects final approval this summer.

Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), revealed at a budget hearing on Thursday that the final approval process for the much-anticipated Ethereum (ETH) Exchange Traded Fund (ETF) is expected to be completed this summer. Chairman Gensler stated that following the initial approval of the first batch of ETFs, the entire process is "proceeding smoothly." Currently, the final registration documents for these funds, which are S-1 documents, are being actively processed by SEC staff.

• The announcement of the Bank of Japan's interest rate decision is coming soon!

The Bank of Japan's meeting will announce its interest rate decision around 11:00 Beijing time on Friday. The market expects it to maintain the short-term target interest rate at 0-0.1%, but according to reports, the Bank of Japan will consider shrinking the scale of government bond purchases. The Bank of Japan currently purchases 6 trillion yen in Japanese government bonds per month, and any reduction in this amount will mean that quantitative tightening is underway.

Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.

• Nasdaq and S&P 500 indexes hit new highs again, with Apple, Nvidia, and Microsoft all hitting new closing highs.

The three major US stock indexes closed up and down, with the Nasdaq up 0.34%, the S&P 500 up 0.23%, and the Dow down 0.17%. Among them, the Nasdaq and the S&P 500 index both continued to hit historical closing highs for four consecutive trading days.

Tech stock prices have risen and fallen, with Nvidia up more than 3%, Tesla up nearly 3%, Apple, Microsoft, and Netflix up slightly; Amazon and Google down more than 1%, and Meta slightly down. Among them, Apple's total market value at closing was $3.29 trillion, surpassing Microsoft's $3.28 trillion, retaking the top spot in US stocks. Apple, Nvidia, and Microsoft all hit new closing highs.

China concept stocks have risen and fallen, with the Nasdaq Golden Dragon China Index up 0.28%. Bilibili rose more than 7%, Tencent Music rose more than 3%, Li Autotrade rose more than 2%, and Pinduoduo rose slightly. Xpeng Auto fell more than 1%, while Nio, Iqiyi, Alibaba, Netease, Jingdong, and Baidu fell slightly.

• Global market cap surged by over $300 billion in three days! Apple surpassed Microsoft to recapture the top spot in the world.

$Apple (AAPL.US)$With a cumulative increase of about 11% in the past three days, the market value has increased by more than $300 billion. As of Thursday's closing, Apple's market value reached $3.29 trillion, while$Microsoft (MSFT.US)$market value was $3.28 trillion. This is the first time that Apple has closed with a market value higher than Microsoft's since January this year, and also represents the latest shuffle in Wall Street's largest stock market value rankings.

• Tesla shareholders support Musk's 56 billion dollar compensation plan and the relocation of the registration to Texas.

$Tesla (TSLA.US)$The shareholder meeting for 2024 will be held on Thursday, US Eastern Time, in Austin, Texas. After voting, Tesla shareholders approved CEO Musk's $56 billion remuneration plan and supported Tesla's relocation from Delaware to Texas. In addition, Musk stated that Tesla will begin limited production of Optimus in 2025 and test humanoid robots in its own factories next year. Tesla rose by nearly 8% at one point and nearly 3% at the close of the day.

• Broadcom rose more than 12%! Bank of America is bullish and raised its target price to $2000.

AI popular stocks$Broadcom (AVGO.US)$Previously released financial reports showed that the second quarter performance greatly exceeded expectations and raised the full-year performance guidance. It also announced a 10-for-1 stock split that will take effect on July 15. Bank of America reiterated its buy rating on Broadcom and raised its target price from $1,680 to $2,000, stating that the company is expected to enter the "trillion-dollar club". At the close, Broadcom surged more than 12%.

• Adobe's second-quarter results exceeded expectations and raised its full-year guidance, rising more than 15% after-hours.

$Adobe (ADBE.US)$Total second-quarter revenues hit a new historical high, up 10% year-on-year to $5.31 billion, higher than market expectations of $5.29 billion; adjusted EPS was $4.48 per share, exceeding expectations of $4.40 per share. Adobe also raised its full-year guidance, expecting adjusted EPS to be in the range of $18 to $18.20 per share, with revenue of $21.4 billion to $21.5 billion, higher than the market's expected full-year EPS of $18.02 and revenue of $21.46 billion. As of press time, Adobe soared more than 15% after-hours.

• GameStop soared again! Too many live viewers overwhelmed the servers, and the shareholder meeting was postponed.

$GameStop (GME.US)$The annual shareholders' meeting scheduled for this Thursday was disrupted when tens of thousands of people rushed to Twitch, YouTube, X channel and small investors' personal chat rooms to watch online. The resulting demand overwhelmed the company's website and the live stream failed. After an hour of tumult, the company had to postpone the meeting until June 17 at 11:30 a.m. Eastern Time, when the issues are expected to be resolved. Despite the delay, individual investors remained enthusiastic, and GameStop rose more than 14% at the close of trading.

If you want to play this game, you must believe in yourself and your judgment.

BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.

• Northbound funds snapped up nearly HK$600 million of BYD, CNOOC, and added nearly HK$500 million to Meituan.

On June 13 (Thursday), Southbound funds net purchased HK$3.998 billion of Hong Kong stocks.

$BYD COMPANY (01211.HK)$, $CNOOC (00883.HK)$, $MEITUAN-W (03690.HK)$Received net purchases of HK$590 million, HK$581 million, and HK$460 million respectively;

$HKEX (00388.HK)$, $SMIC (00981.HK)$, $HUA HONG SEMI (01347.HK)$Were net sold HK$204 million, HK$27.60 million, and HK$25.60 million respectively.

The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.

Keywords: Bank of Japan (BOJ) interest rate decision, inflation expectations, consumer confidence index, cloud factory.

On Friday, in terms of economic data, BOJ will announce its interest rate decision, while the U.S. inflation expectations and the University of Michigan consumer confidence index will be released.

On the financial news side, BOJ Governor Haruhiko Kuroda will hold a monetary policy press conference.

Regarding IPOs,$CLOUD FACTORY (02512.HK)$Will be listed on the Hong Kong Stock Exchange today.

Futubull Morning News:

Profits always take care of themselves, losses never automatically settle themselves.

Gemini, Claude, Perplexity, and other large models under the auspices of AnthropicAI have successively failed. According to the analysis of QR Code Generator, the search volume of Google's AI chatbot Gemini surged 60%, reaching 32.7 times within four hours after ChatGPT's first outage.

Editor/tolk