Hot News

• Goldman Sachs Outlook for 2025: AI remains the main theme of the Technology Industry, with attention to be paid to the Software and Payment Industries.

Goldman Sachs Analyst Peter Callahan believes that generative AI will still be the dominant theme in the Technology Industry in 2025, with the overall performance of the Mag7 surpassing S&P 493, and the market shifting from focusing on infrastructure to specific use cases and efficiencies brought by AI.

• The significant retail sales data for the holiday season in the USA is here! Year-on-year growth of nearly 4%, accelerating growth.

According to MasterCard's data, retail sales in the USA during this holiday season grew by 3.8% year-on-year, compared to an increase of 3.1% in 2023. The data indicates that American consumers are willing and able to spend, although their motivation is driven by seeking discounts and deals, as can be seen from concentrated online spending during major promotional events. The strong spending by American consumers adds further evidence for the Federal Reserve to pause interest rate cuts in January next year.

• The default risk in the USA resurfaces! Yellen warns: the debt ceiling may be reached as early as January 14.

On Friday local time, U.S. Treasury Secretary Yellen wrote to lawmakers stating that the Treasury expects the USA to reach the debt ceiling as early as January 14 and may need to take "extraordinary measures" to prevent the federal government from defaulting on its debt.

• Trump voiced his support for the H-1B visa, aligning with Musk to support the introduction of foreign talent.

According to media reports on Saturday (December 28) local time, the elected president of the USA, Donald Trump, revealed that he supports the H-1B visa policy. This means Trump stands on the side of Elon Musk in the stance of 'bringing in foreign talent'. Previously, several tech tycoons, including Musk, called for the USA to expand immigration for high-tech talent, but faced opposition from anti-immigration supporters of Trump.

• In the past week, Trump made a second statement, requesting the U.S. Supreme Court to halt the implementation of the TikTok forced sale order.

On Friday local time, elected president Trump spoke again regarding the forced sale order for TikTok. Trump requested the USA Supreme Court to delay the implementation of the forced sale order for TikTok and expressed his hope that the court would give him time to resolve the issue through political means after he is officially inaugurated on January 20 of next year. This marks the second time Trump has addressed TikTok in the past week.

Review of the U.S. stock market.

• The three major indexes collectively closed lower, with Tesla dropping nearly 5%, leading the seven giants.

Last Friday, the three major U.S. stock indexes collectively declined, with the Dow ending its five-day rising streak, while the S&P and Nasdaq fell for two consecutive days.

As of the close, the Dow Jones Industrial Average fell 0.77%, reporting at 42,992.21 points; the S&P 500 Index dropped 1.11%, reporting at 5,970.84 points; the Nasdaq Composite Index decreased by 1.49%, reporting at 19,722.03 points, once again falling below the 0.02 million point threshold.

Analysts indicate that there was almost no significant economic data or news driving major market changes on Friday, along with European stocks returning after a two-day break, and the overall market being relatively quiet in trading during the year-end holiday week, highlighting the impact of the chips and large-cap Technology Stocks that were flocked to earlier this month.

The "Seven Giants" collectively fell, with Tesla down 4.95%, NVIDIA down 2.09%, Microsoft down 1.73%, Alphabet-C down 1.55%, Amazon down 1.45%, Apple down 1.32%, and Meta down 0.59%.

Most China Concept Stocks fell, with ZEEKR down 9.60%, Xpeng Motors down 4.75%, NIO down 4.48%, JD.com down 3.18%, Baidu down 1.87%, Tencent Music down 1.68%, PDD Holdings down 1.44%, Alibaba down 1.18%, and Li Auto up 0.67%.

• The "quantum frenzy" in the US stock market continues, with "quantum NVIDIA" RGTI rising more than 10%, cumulatively rising over 1600% this year.

The NVIDIA of the quantum computing world. $Rigetti Computing (RGTI.US)$ After a surge of 36% on Thursday, it closed up 10.62% on Friday, with a cumulative rise of over 1600% this year. Analysts state that this exciting increase highlights the market's confidence in quantum computing becoming a transformative force across industries, and experts expect the potential for efficiently solving complex problems and enhancing computing power to expand further in the future.

• Google held the 2025 Global Strategy meeting, CEO: The risks are high, this is a disruptive moment.

$Alphabet-C (GOOG.US)$ CEO Sundar Pichai clearly pointed out to employees during the recent company strategy meeting that the "stakes are high" for 2025, as the company faces increasingly intense AI competition and regulatory hurdles. Pichai stated that building a "large new business" is the top priority, of which the Gemini application is expected to be the next application to reach 0.5 billion users. DeepMind co-founder Demis Hassabis mentioned that the team will "accelerate" the development of the Gemini application, and the product will see significant upgrades in the next one or two years.

• About to break 4 trillion? Wedbush raises the Target Price for Apple to $325, the highest on Wall Street.

Recently, Wedbush Analyst Dan Ives stated, $Apple (AAPL.US)$ Due to its AI strategy unlocking a "new era of growth," the stock price is expected to maintain record growth in 2025, with the market cap exceeding 4 trillion. Therefore, Ives raised Apple's target price from $300 to $325, a 27% increase from the current price, making it the highest target price on Wall Street currently.

• Buffett has doubled down on VeriSign, becoming the largest single shareholder.

According to the latest disclosure documents from the SEC, Buffett's $Berkshire Hathaway-A (BRK.A.US)$ Recently increased investment in Internet domain registration companies. $VeriSign (VRSN.US)$ In the past week, Berkshire spent $28.55 million over three trading days to further increase its shareholding in the company. Currently, Berkshire holds approximately 13.7% of VeriSign, with a market cap close to $2.7 billion. As of last Friday's close, VeriSign has fallen 0.95% year-to-date. Compared to the S&P 500 Index's gains of more than 25% for the year, VeriSign's performance has been truly bleak.

Top 20 by trading volume last Friday.

Hong Kong market outlook

• Northern capital increased its holdings in Semiconductor Manufacturing International Corporation by nearly 1.4 billion Hong Kong dollars, bought over 0.7 billion Hong Kong dollars of XIAOMI-W, and sold over 0.4 billion Hong Kong dollars of MEITUAN-W.

On December 27 (Friday), southbound funds net purchased Hong Kong stocks amounting to 8.493 billion HKD.

$SMIC (00981.HK)$、$LENOVO GROUP (00992.HK)$、$XIAOMI-W (01810.HK)$The respective net purchases were 1.389 billion HKD, 0.782 billion HKD, and 0.755 billion HKD.

$MEITUAN-W (03690.HK)$、$TENCENT (00700.HK)$、$BABA-W (09988.HK)$Net sell amounts of 0.457 billion Hong Kong dollars, 0.389 billion Hong Kong dollars, and 0.18 billion Hong Kong dollars respectively.

• Xiaomi officially announced: 130,000 vehicles, achieved! All annual goals have been completed ahead of schedule.

On December 28, $XIAOMI-W (01810.HK)$ XIAOMI-W Autos announced that as of now, the annual delivery volume of the XIAOMI SU7 has exceeded 0.13 million units, having completed all annual targets ahead of schedule.

Today's focus

Keywords: USA December Chicago PMI, Dallas Fed Business Activity Index, November Existing Home Sales Index Month-on-Month

On Monday, economic data such as the USA December Chicago PMI data, November existing home sales index month-on-month, and December Dallas Fed Business Activity Index will be released.

In the new stock aspect, in the Hong Kong stock market,$INNOSCIENCE (02577.HK)$、$HEALTHYWAY INC (02587.HK)$、$XUNFEIHEALTH (02506.HK)$Listed today. In the USA stock market,$Cre8 Enterprise, Ltd. (CRE.US)$、$Skyline Builders Group Holding (SKBL.US)$Listed today.

Futubull Morning News:

The first step in restructuring is to stop doing the things that have already been done wrong.

——Warren Buffett

Editor/Somer