Hot news
Three major equity index futures fell slightly.
Semiconductor stocks rose before the market.
US semiconductor stocks rose before the market.$Taiwan Semiconductor (TSM.US)$Up nearly 3%. $Arm Holdings (ARM.US)$N/A.$NVIDIA (NVDA.US)$and$Micron Technology (MU.US)$ Up about 1%.
Citi: Don't panic about the sharp decline in chip stocks, now is a good time to buy.
Citigroup's research report pointed out that US semiconductor stocks have recently suffered significant selling, which is believed to be due to macroeconomic factors. In addition, the market originally had high expectations for the earnings of the sector's shares, but the performance in Q2 seems relatively lackluster, which has disappointed investors. Citigroup stated that it is bullish on the development prospects of the AI and semiconductor industries, and looks forward to the sustainable upward push of prices due to the reduction of DRAM production capacity. It believes that now is a good opportunity for investors to enter the market and add positions. Citigroup's top picks are taiwan semiconductor, and rated buy for nvidia and intel shares.$Micron Technology (MU.US)$Taiwan semiconductor. $Advanced Micro Devices (AMD.US)$Please use your Futubull account to access the feature.$Broadcom (AVGO.US)$N/A.$Microchip Technology (MCHP.US)$and$NVIDIA (NVDA.US)$ Nvidia. $KLA Corp (KLAC.US)$ Intel.
Taiwan semiconductor pre-market trading rose more than 2.5%, with July sales up more than 44% year-on-year, setting a new record for monthly revenue.
Taiwan semiconductor rose more than 2.5% in pre-market trading in the US, reaching $168.75. On the news front, Taiwan semiconductor announced that its consolidated revenue in July was approximately NTD 256.953 billion, a historical monthly revenue high, an increase of 23.6% compared to the previous month and 44.7% compared to the same period last year. The cumulative revenue from January to July 2024 was approximately NTD 1,523.17 billion, an increase of 30.5% compared to the same period last year.
Apple will launch the smallest Mac mini in history! Equipped with M4 chip and AI function.
$Apple (AAPL.US)$ Apple's Mac computer series, especially Mac mini, is expected to undergo a significant design overhaul for the first time since the Jobs era. Not only will the new Mac mini be equipped with the latest Apple M4 and M4 Pro chips when it is released this fall, but it will also become the smallest computer in Apple's history. Mark Gurman, a well-known technology informant, revealed on Thursday that due to the chip upgrade, the size of the new Mac mini will be "close to the size of Apple TV set-top box".
Others fear her greed, while 'Miss Wood' is bottom-fishing in technology stocks.
This week, at least two ETFs invested by Ark Invest bought stocks of technology companies that had experienced a sharp drop in their stock prices over the past month. The actively managed ARK Innovation ETF and others bought stocks worth about $45 million. The company's ARK Next Generation Internet Fund purchased Meta, Snapchat, and Robinhood stocks worth $9.5 million using the same calculation method. These two funds also bought other stocks.$ARK Innovation ETF (ARKK.US)$calculated at the opening price of the day of purchase, bought $Amazon (AMZN.US)$,$Advanced Micro Devices (AMD.US)$And.$Coinbase (COIN.US)$Ark Invest.$Tesla (TSLA.US)$Meta and Snapchat.
Chip stocks rallied collectively! Options on Nvidia, Intel and other stocks are hot.
Star technology stocks rose across the board, with more than 5.09 million contracts traded in options overnight, an increase of more than 18% compared to the previous trading day. On the options chain, the bulls were strongly in the lead. Call contracts with strike prices of 101-106 US dollars expiring today rose by more than 150%. $NVIDIA (NVDA.US)$ Announced entry into the independent GPU field for autos.
Announcing entry into the independent GPU sector for automobiles. $Intel (INTC.US)$ The closing price increased nearly 8%, and the volume of put options surged to 0.79 million contracts, an increase of more than 87% compared with the previous trading day. It is worth noting that the proportion of Intel put options has risen sharply to 58%.
Global macro
"Initial claims" sweep away the gloom of recession! Proponents of emergency rate cuts in the USA are changing their tune: it's not so urgent now.
With the latest initial jobless claims data from the United States, the gloom hovering over Wall Street seems to have disappeared. Thursday was one of the best days for the US stock market in nearly two years: The market rose sharply by 2.3%, the largest increase since November 2022. At the same time, Jeremy Siegel, a finance professor at the Wharton School of Business who had previously strongly advocated that the Federal Reserve should urgently cut interest rates by 75 basis points, immediately changed his tune, saying that the Fed no longer needs to cut interest rates urgently. This may mean that the recession panic that Wall Street previously faced has gradually weakened.$S&P 500 Index (.SPX.US)$At a time when the "recession theory" is sweeping the market, Wall Street is currently predicting that the Fed will end its balance sheet reduction, but the actual closing date will depend on the pace of interest rate cuts and funding market pressure. Since June 2022, the Fed has been implementing a quantitative tightening policy, that is, balance sheet reduction (QT), but this year, the Fed's balance sheet reduction process has gradually slowed down. Previously, policymakers at the Fed had hinted that the process of reducing holdings of US Treasuries would be completed by the end of the year.
Bank of America strategist Hartnett: The market has not yet fallen below key levels.
Bank of America strategist Michael Hartnett said that the turmoil in global financial markets has not yet reached the level of concern about a hard landing of the economy. Although the S&P 500 index has fallen by about 6% since hitting a record high in mid-July, the index is still above the 200-day moving average of about 5050 points and has not fallen by 4%. "The technical level of Wall Street's view from a soft landing to a hard landing has not been broken," he added, "although investors are 'exhausted,' the expectation of a rate cut by the Fed means that the preference for stocks over bonds has not ended due to the market crash.$U.S. 30-Year Treasury Bonds Yield (US30Y.BD)$As Trump and Harris have agreed to participate in the debate hosted by ABC News on September 10th, insiders said that Trump's campaign team has agreed to hold an additional debate on September 25th hosted by NBC News, but Harris's campaign team has not yet agreed.
Major bullish news? Wall Street reaches consensus: the Federal Reserve will end its balance sheet reduction this year!
Canadian employment figures for July will be released at 20:30. On the following day, the total number of oil rigs in the United States as of August 9th will be released at 01:00.
The first Trump-Harris debate is coming!
The weather is good today The weather is good today.
Bilibili rose more than 3% pre-market trading and was upgraded to "buy" by UBS, which raised its EPS estimate per share.
Reminder for US Macro Events
(All in Peking Time)
Please use your Futubull account to access the feature.
In 2023, the company's overall sales volume of 18,000 kiloliters, +28.10% year-on-year, significant growth. Product structure, 10-30 billion yuan products operating income of 401/1288/60 million yuan respectively.
Editor/new