Hot news
Dovish sentiment is getting stronger! Moody's: The Fed may cut interest rates by 25 basis points in July.
According to the latest analysis, global rating agency Moody's expects that the Federal Reserve will begin to lower interest rates by 25 basis points at the meeting on July 30-31 Eastern Time. Moody's said that if the Fed chooses to keep interest rates unchanged in July, the labor market may weaken further, increasing the possibility of a 50 basis point rate cut in September.
Trader firmly believes that the Fed will make its first cut in September! Gold surges to a new historical high
With the increasing market expectations for a rate cut by the Federal Reserve in September, the investment demand for gold has been boosted. On Tuesday, with the dual support of 'rate cut trade' and 'Trump trade', gold hit a new record high. As of press time,$Gold/USD (XAUUSD.CFD)$it was reported at $2469.19 per ounce.
Trump: Not seeking early removal of Powell as chairman of the Federal Reserve, interest rate cuts should be avoided before November.
According to media reports, former President Trump said in an interview with the media that he would not seek to remove the chairman of the Federal Reserve before the end of Powell's term. Trump also said that before the November US presidential election, the Federal Reserve should avoid reducing interest rates. If elected as US president, he would consider inviting JPMorgan CEO Dimon to be the US Treasury Secretary.
Powell is still talking about 'Interest rate cuts don't have to wait for 2% inflation', but Wall Street is more concerned about the US core inflation falling too much.
Recently, Fed Chairman Powell has frequently 'released doves', saying that recent inflation data has strengthened confidence and interest rates do not need to be cut until inflation drops to 2%. Goldman Sachs believes that US inflation stickiness has disappeared and PCE inflation may fall below 2% in the second half of the year. The viewpoint that supports higher balanced inflation has disappeared without a trace, and investors may worry that policies are too tight. It is expected that the Fed may cut interest rates seven times in the next year. However, if Trump returns to the White House and Republicans take full power, there is a possibility of inflation rebounding.
Bitcoin breaks through $65,000.
The rising probability of Trump's re-election has boosted risk assets such as Bitcoin. Especially, in the latest campaign manifesto, the Republican Party mentioned that if Trump takes office, he will end the suppression of cryptocurrencies, which greatly boosted confidence in the cryptocurrency market. As of press time, Bitcoin has broken through $65,000.
Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.
Dow Jones has created the strongest bullish line in nearly a year, and together with the S&P 500 index has hit a new high
With the expectation value of the Fed starting to cut interest rates in September approaching full, funds that were previously crowded under the technology giants have rushed out. Overnight, price stocks and small-cap stocks in the US rose collectively, with the Dow Jones achieving its biggest daily gain in nearly a year, and together with the S&P 500 index hitting a new closing high, and the Russell 2000 index surged 3.5%.
On Tuesday, US technology giants were generally disappointing. Among them, Tesla rose 1.55%, Apple rose 0.18%, Amazon rose 0.16%, Microsoft fell 0.98%, META fell 1.28%, Google-A fell 1.4%, and Nvidia fell 1.62%.
US-listed Chinese stocks rebounded collectively, and the Nasdaq Golden Dragon China Index rose 0.74%. Xpeng rose 6.55%, Nio rose 5.83%, Li Auto rose 1.46%, Alibaba rose 0.47%, JD.com rose 2.06%, and PDD Holdings fell 1.56%.
US-listed golden industrial concept stocks rose collectively, and UBS pointed out in a latest research report that there is still room for gold to rise and suggests increasing gold allocation.
US-listed gold stocks rose collectively overnight,$Harmony Gold Mining(HMY.US)$rising by more than 16%,drdgold (DRD.US)It is worth noting that Genscript BioTech encountered a bearish market last Friday. In terms of news, on May 31, two members of the China Committee of the US House of Representatives wrote to the FBI Director and the Director of National Intelligence, expressing concerns that Genscript BioTech provides custom gene synthesis production services to US government entities and businesses, and that US company's intellectual property may be at potential risk, and requested an investigation into the company. According to public information, multiple myeloma is a malignant tumor that affects the blood and mainly invades plasma cells in the bone marrow. Plasma cells are a type of white blood cell that produces antibodies to help the body fight infection. In multiple myeloma, abnormal plasma cells (ie, myeloma cells) proliferate uncontrollably, replacing healthy bone marrow tissue and causing a variety of symptoms and complications.$Hycroft Mining (HYMC.US)$,$U.S. Gold Corp (USAU.US)$rose by more than 7%. On the news side, the international gold price regained momentum, and spot gold hit a new high. In addition, a latest research report from UBS pointed out that the interest of investors in 'buying gold on dips' is still strong, and gold still has room to rise, suggesting to increase gold allocation.
UnitedHealth rose more than 6%, Q2 revenue and adjusted EPS exceeded expectations
$UnitedHealth Group (UNH.US)$rose more than 6%. On the news side, UnitedHealth's Q2 2024 revenue was $98.86 billion, compared with $92.903 billion in the same period last year, and the market expected $98.83 billion; the adjusted EPS was $6.8, higher than the market's expected $6.63. The company still expects the adjusted EPS to be between $27.5 and $28 per share for the full year.
Performance exceeded expectations, Bank of America rose more than 5%, creating a new high for the year
Bank of AmericaThe stock price rose more than 5% overnight, reaching a new high for the year. The bank's net interest income after net interest expense was $25.38 billion in the second quarter, with market expectations at $25.27 billion. Bank of America's non-interest expenses in the second quarter were $16.31 billion, with market expectations at $16.3 billion.
Investment banking revenue increased by more than 50%, and the stock price of Morgan Stanley hit a new high.
$Morgan Stanley (MS.US)$The company announced its second-quarter performance, with revenue reaching $15.019 billion, higher than the market estimate of $14.3 billion; profit in the quarter was $3.076 billion, or $1.82 per share, higher than the market expectation of $1.65 per share and $1.24 per share in the same period last year. As a highlight of the financial report, investment banking revenue increased by 51% year-on-year to $1.619 billion, which the company said was mainly driven by non-investment grade corporate debt.
Morgan Stanley experienced a dramatic overnight volatility and closed up 0.91%, reaching a new historical high.
Creating fuel cell-powered AI concept, Bloom Energy rose 14% after hours.
As of the writing of this article, fuel cell company$Bloom Energy (BE.US)$rose more than 14% after hours. The company announced a partnership agreement with CoreWeave, a data center company that has a good relationship with Nvidia, to deploy its fuel cells for on-site power generation at a high-performance data center in Illinois. The company said its fuel cells are expected to be put into use in the third quarter of 2025, and the collaboration aims to highlight its ability to meet the growing energy demands of the AI industry.
Semiconductor testing company Aehr Test Systems rose more than 13% after hours.
After releasing better-than-expected financial reports and next-year guidance, semiconductor testing company$Aehr Test Systems (AEHR.US)$rose more than 13% in after-hours trading. In the fourth quarter ending May 31, the company's adjusted earnings per share were $0.84, far exceeding analysts' expectations of $0.10. For the 2025 fiscal year, Aehr expects revenue to be at least $70 million, far higher than the market expectation of $67.86 million. The company also expects net income to be at least 10% of total revenue.
Wedbush: technology stocks such as Microsoft, Alphabet, and Amazon are expected to "stand out" during earnings season.
Wedbush Securities said thatMicrosoft (MSFT.US),Example of such tech giants is Google-C (GOOG.US),$Amazon (AMZN.US)$,Palantir fell by 0.9%, continuing to decline for the third day, and the lowest closing price since May 17th. And.$Meta Platforms (META.US)$and other technology stocks may emerge as winners in the second quarter earnings season. Analyst Dan Ives said in an investor report, "We believe the second quarter performance will be a major positive catalyst for the technology industry, and we expect technology stocks to rise another 15% for the rest of this year after strong increases of 24% in the first half of the year, as the broader technology growth story, dominated by software, cybersecurity, digital advertising, and semiconductors, now takes center stage."
The bank's survey of the global technology sector shows that the performance of cloud computing deployment and enterprise AI spending has far exceeded Wall Street's expectations, a good sign for tech giants. The bank is also bullish on$Zscaler(ZS.US)$,$Palo Alto Networks$.,CrowdStrike (CRWD.US),CyberArk,$Checkpoint Therapeutics (CKPT.US)$And.Tenable Holdings.
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 grabbed nearly HK$1.3 billion in Tencent Holdings after selling more than HK$0.3 billion in Hong Kong stocks.
On Tuesday, July 16, Southbound funds net bought HK$6.126 billion in Hong Kong stocks.
Tencent (00700.HK),$Tracker Fund of Hong Kong (02800.HK)$ received a net purchase of HK$1.615 billion, HK$0.615 billion and HK$0.492 billion, respectively;,China Mobile (00941.HK)Net buy HK$1.288 billion, HK$0.693 billion, and HK$0.439 billion for the three mentioned stocks respectively;
Please use your Futubull account to access the feature.,$Kuaishou-W (01024.HK)$,China Shenhua Energy (01088.HK)net sell HK$0.325 billion, HK$66.64 million, and HK$22.8 million for the three mentioned stocks 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: ASML, Johnson & Johnson performance
On Wednesday, economic data includes the final annual CPI rate for the Eurozone in June, the annualized total new housing starts in the U.S. for June, the monthly industrial output for the U.S. in June, the EIA crude oil inventory for the week ending July 12th in the U.S., and strategic petroleum reserve inventory will be released.
In terms of financial events, Federal Reserve director Waller spoke about the economic outlook; in 2024, FOMC voting members and Richmond Fed President Barkin made speeches.
Regarding financial reports,ASML Holding (ASML.US)Financial report will be released today;and Performance will be released before pre-market trading in the U.S.;bought more shares of Discover Financial Services (DFS.US)will release its performance after market close.
Futubull Morning News:
Always buy high-quality commodities, as they are not only durable but also have high residual value.
Jim Rogers
Editor/Somer