Hot news

• The futures of the three major stock indexes had mixed ups and downs before the market

• Monkeypox concept stocks surged ahead of the market, and GeoVax Labs rose nearly 55%

Before the US stock market, monkeypox concept stocks collectively surged.$GeoVax Labs (GOVX.US)$Up nearly 55%,$Emergent BioSolutions (EBS.US)$An increase of more than 8%,$Chimerix (CMRX.US)$Up nearly 8%.

• Star Technology's stock had mixed ups and downs before the market

• Most of the popular Chinese securities stocks rose before the market

• AMD's US stock rose more than 2% before the market, and the company agreed to buy server manufacturer ZT Systems for $4.9 billion

$Advanced Micro Devices (AMD.US)$ US stocks rose more than 2% before the market. Bloomberg reported that AMD agreed to buy server manufacturer ZT Systems in cash plus shares, with a transaction value of 4.9 billion US dollars. ZT Systems, headquartered in Secaucus, New Jersey, will be part of AMD's Data Center Solutions business group, according to an announcement on Monday. AMD will retain the company's design and account teams and consider selling the manufacturing division.

• Goldman Sachs backs Nvidia: profit in 2025 will significantly exceed market expectations

Goldman Sachs expects $NVIDIA (NVDA.US)$ Specific clients' ROI (return on investment) will be announced on the Q2 conference call to boost market confidence. It is expected that Q2 revenue and earnings per share will reach 29.769 billion US dollars and 0.68 US dollars, respectively, which is 4.1% and 5.9% higher than market expectations, respectively, and earnings per share exceed market expectations by 11% by 2025.

• NetEase Cloud's response to the fault is untrue: the current fault has nothing to do with the computer room

On August 19, in response to rumors such as “NetEase Cloud Music Developers Delete Libraries and Run Away” and “NetEase Cloud Music Can't Search Songs”, etc. $NetEase (NTES.US)$Subsidiary $CLOUD MUSIC (09899.HK)$ Music officially replied to the Beijing News reporter saying, “The current fault has nothing to do with the computer room; the content is untrue.” The reporter logged on to NetEase Cloud Music and randomly clicked on the daily recommended song list to show “Playlist failed to load”; randomly clicking to play songs showed “Failed to obtain playback information”; while the reporter searched, it showed “Server error.”

• Estée Lauder's pre-market dive fell more than 4%

$Estee Lauder (EL.US)$ Pre-market diving, now down more than 4%. The company previously announced that adjusted net sales for the fourth fiscal quarter were 3.87 billion US dollars, expected to be 3.81 billion US dollars; adjusted earnings per share for the fourth fiscal quarter were 0.64 US dollars, which is expected to be 0.26 US dollars.

• SpaceX is “under siege”! A group of leaders in the rocket launch field gathered to break Musk's monopoly on technology

Peter Beck, a New Zealand engineer who has long claimed opposition to Musk, said his company is building the right business mix, which is expected to break SpaceX's technology monopoly in the space sector. Beck founded Rocket Lab, an aerospace manufacturing and satellite launch service company, in 2006. The company is preparing to launch a reusable medium launch vehicle, Neutron, which Beck called the final piece of the puzzle for building an end-to-end space system. As of press release, $Rocket Lab (RKLB.US)$ Up more than 4% in the premarket.

• Rio Tinto rose more than 1% before the market, and the market value is expected to return to 100 billion US dollars

$Rio Tinto (RIO.US)$ US stocks rose more than 1% before the market, and the market capitalization is expected to return to 100 billion US dollars. According to the news, the company recently signed an agreement with Queensland to guarantee Australia's second-largest aluminum factory. The company said the Queensland Government has pledged to support the financial viability of its Boyne Smelters business in Gladstone from 2029 as the plant is shifting to renewable energy. The company said in a statement that the government will provide financial support through energy and employment programs, but did not provide further details.

• Nvidia rose for five consecutive days last week! The bullish ratio continues to prevail

$NVIDIA (NVDA.US)$ It rose for five consecutive trading days last week, with a cumulative increase of nearly 20%, and the bullish share continues to prevail, currently reporting 62%. Among the unexpired options chains with the highest trading volume, the most active was the call due this Friday, which traded 0.141 million and 0.053 million unclosed positions last Friday; followed by the call, which expired this Friday, traded $130 million and traded 0.042 million unclosed positions.

Global macroscopic

• This week, the global market waits with bated breath for Powell

From August 22 to 24, central bank governors and economists from around the world will gather at the annual Jackson Hole Global Central Bank Annual Meeting. Federal Reserve Chairman Powell will deliver a keynote speech at 10:00 a.m. EST on August 23 (22:00 Beijing time on Friday). Analysts believe that whether last week's rebound can continue depends on whether Powell can give a clear signal about the September interest rate cut. Some strategists called for caution before Powell talks, “because the more early rebounds, the more vulnerable the market may be.”

• Before the central bank's annual meeting, the Federal Reserve's voting committee relaxed: inflation has been brought under control, supporting gradual interest rate cuts

San Francisco Federal Reserve Chairman Daly recently said that the latest economic data shows that inflation has been brought under control, and now is the time to consider adjusting borrowing costs from the current range of 5.25% to 5.5%. Daly has the right to vote at the September FOMC meeting, and she called for a “prudent” approach. “Progressivism is not weak, nor is it slow or backward; it is just prudent. Although the labor market is slowing down, it is 'not weak'.”

• US Democratic Party Holds National Convention

The US Democratic National Convention is scheduled to be held in Chicago from August 19 to 22. It will officially nominate current Vice President Harris as the party's presidential candidate to compete with Republican presidential candidate Trump. Harris and his running mate, Minnesota Governor Waltz, will also deliver a speech at the conference explaining policy propositions.

• What did “smart money” see again? Hedge funds are selling off in a big way, betting on a recession in US consumption

According to Goldman Sachs Prime Book data, US consumer stocks showed net sales last week. The nominal deleveraging of consumer stocks — the sum of long sales and short compensation — is the second highest record in the past year. Judging from a review of the past five years, it is the highest in the 96th percentile. Hedge funds are also quite cautious about restaurant stocks. The massive sell-off of hedge funds shows that they still have doubts about the resilience of US consumption.

• Torn up the report again! After a week's increase, Goldman Sachs lowered the possibility of a US recession

After earlier raising the probability of a recession in the US, Goldman Sachs has now lowered its probability forecast for a US recession to 20%, as the latest labor market data has prompted the market to re-evaluate the economic outlook. Goldman Sachs economists say a healthy non-farm payrolls report on September 6 “may” push Goldman Sachs to reduce its probability of a recession to 15%.

• Gold surged more than 20% during the year! Is $3,000 worth of gold really not a dream?

In 2024, the price of gold increased by about 21%, while$S&P 500 Index (.SPX.US)$That's a 16% increase. Patrick Yip, senior director of business development at the US Precious Metals Exchange, said at the end of last month that if geopolitical uncertainty continues, interest rates are cut, or central banks around the world continue to buy gold, the price of gold may reach $3,000 next year.

Top 20 pre-market turnover of US stocks

US Stock Macro Calendar Reminder

(The following are all Beijing time)

21:15 Federal Reserve Governor Waller delivers opening remarks at the summer seminar on money, banking, payments, and finance

22:00 Monthly rate of leading indicators for the US July Consultative Conference

Editor/Somer