Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.
$NTES-S (09999.HK)$During trading, the stock price rose by more than 6%, as of the time of publishing, it has increased by 6.04% to HKD 150.9, with a turnover of HKD 0.56 billion.
Netease's flagship wuxia battle royale game, NARAKA: BLADEPOINT, began public beta testing on July 25th, with over 40 million players who have already participated in reservations. In response to players' enthusiastic expectations, Netease has prepared a public beta welfare worth over 1,500 yuan for each player, including 5 high-quality skins, 3 weapon skins and 2 hero skins, with a total value of up to 60 billion yuan.
Morgan Stanley released a research report, predicting that Netease will soon enter its busiest release month this year and will launch three highly anticipated games in July 2024: Endless Frontier Mobile Game (July 25), Yan Yun 16 PC version (July 26), Seven Days World (global release on July 10). The release of these new games is expected to accelerate the growth of game revenue in the second half of 2024 and drive the stock price higher from its current level. The bank also stated that recent research on the PC version of Dream of the West game showed that the monetization of the game has stabilized, which will alleviate investors' concern about the trend of revenue from old games.
Editor/Jadyen