Review the hot spots of the week for US stocks and look forward to the market opportunities next week. Please follow Fortune's "US Stock Weekly-Weekly Review & Prospect". We will see you every week.

This week, U. S. stocks continued their gains last week, with strong technology stocks Apple Inc, Tesla, Inc. and NVIDIA Corp leading the S & P 500 and the Nasdaq to record highs.

Next week, a large number of SaaS bull stocks will announce their results, and Bilibili Inc., who is very popular in Chinese stocks, will also release the list.

-Editor's button

Review of the market this week

This week, US stocks continued their gains last week, with the strength of technology stocks driving the Nasdaq and S & P to record highs.

The number of first-time jobless claims rose 135000 to more than 1.1 million in the week ended Aug. 15, according to data released by the Labor Department on Thursday. The unexpected thunderstorm of unemployment benefits data in the United States has made the job market stumble on the long road to recovery.

• The S & P 500 and the Nasdaq rose this week among the three major US stock indexes, while the Dow failed to continue its strong performance at the beginning of the month and remained at the bottom of its annual gains. The Nasdaq index rose further to 26 per cent this year.

• This weekHang Seng Index (800000.HK) $Closed down 0.27%Shanghai Composite Index (000001.SH) $It closed up 0.61%.

Review of market hotspots

1. Goldman Sachs Group raised the S & P target price by 20%, and the wind on Wall Street changed again?

Goldman Sachs Group's latest 20% increase in the target price of the s & p 500 came after the s & p 500 rebounded from its march low, dealing a blow to strategists' forecasts.

Goldman Sachs Group analyst Kostin raised the S & P target price to 3600 from 3000, while Yardeni Research founder Ed Yardeni and RBC Capital Markets analyst Calvasina and others have also raised their forecasts in recent weeks.

The past few months have shown that share prices depend not only on expected future earnings streams, but also on the speed at which those earnings are discounted. Looking ahead, the decline in equity risk premium will outweigh the rise in bond yields, coupled with our higher-than-expected earnings per share, and the S & P 500 will rise to 3600 by the end of the year.

-Goldman Sachs Group analyst Kostin

2. The United States further sanctions Huawei

Us Department of Commerce announces further restrictions on HuaweiThe aim is to cut off the company's access to commercial chips.It is the latest sign of growing tensions between the world's two largest economies.

The U.S. Department of Commerce announced the changes in a written statement on Monday, based on restrictions announced in May38 subsidiaries of Huawei in 21 countries have been added to the entity list.

We don't want their equipment to stay in the United States because they are watching us.

U.S. president Donald Trump said in an interview with the program on Monday.

The restrictions could deal a further blow to Huawei's 5G base station and smartphone business, as the company still relies on foreign technology to produce chips. Stocks of some of Huawei's self-designed essential chips for telecom equipment will be exhausted by early 2021.

Shock Wall Street! Consumption capacity during the epidemic in the United States

It turns out that US spending power is more flexible than expected. It was initially thought that many American consumers would save wages and stimulus money until the epidemic subsided. But that view was overshadowed, with America's largest retailers reporting better-than-expected quarterly sales.

From Wall Street to the retailers themselves to the upstream manufacturers who supply them, no one seems ready to face the strong demand of a group of consumers with nowhere to go.

Home decoration chains Depot and Lowe's Companies Inc, retail giants Walmart Inc, Target Corp and, of course, online e-commerce leader Amazon.Com Inc, all exceeded analysts' expectations for sales in the summer quarter, each by billions of dollars.

The fatal flaw of economists is the assumption that people are always clutching their wallets in tough economic times, which leads to a misestimation of consumer demand.

-Doug Stephens, founder of Retail Prophet

4. Fed minutes: reiterate the pressure of the epidemic on economic growth

Fed officials abandoned their earlier preparations to set a clearer threshold for raising interest rates in July, a move that would highlight their commitment to maintaining ultra-loose monetary policy.

According to the minutes of the FOMC meeting, in addition to the outlook for monetary policy, many attendees pointed out that it would be appropriate to provide a clearer target range for the federal funds rate.

A subtle change from previous minutes suggests that policymakers are keen to strengthen what they call forward-looking guidance at upcoming meetings. The next meeting of FOMC will be held from September 15 to 16.

It is disappointing that the minutes of the meeting did not indicate that forward-looking guidance and QE were about to be relaxed.

-Priya Misra, analyst at TD Securities

5. Unexpected thunderstorms in the data of initial unemployment benefits in the United States

There was an unexpected increase in initial jobless claims in the US last week, leaving the job market stumbling on the long road to recovery.

The number of first-time jobless claims rose 135000 to more than 1.1 million in the week ended Aug. 15, according to data released by the Labor Department on Thursday. In the week ended Aug. 8, the number of renewed jobless benefits fell to 14.8 million, the lowest since early April.

Although initial jobless claims have fallen sharply from the peak of the crisis, the fact that weekly jobless claims have reached 1.1 million in the five months since the crisis began is definitely bad news.

-Joshua Shapiro, Chief US Economist of Maria Fiorini Ramirez

Review of hot spots in the company

1. The core assets of US stocks are unstoppable this week! Apple Inc, Tesla, Inc. and NVIDIA Corp set new record highs

Technology stocks are unstoppable this week.Among the core US technology stocks, Apple Inc, Tesla, Inc. and NVIDIA Corp rose brightly. Apple got out of control after standing above the 2 trillion mark, with a cumulative increase of 70.58% for the whole year, far ahead of the Nasdaq.

The king of Hong Kong stocks$Tencent (00700.HK) $Tencent's ADR soared more than 5 per cent after news broke from the White House on Friday that the Trump administration might allow US companies to use Wechat in China.

2. BABA JD.com 's development is speeding up, while Pinduoduo is "saving money"?

In the last earnings season, the market focused on the pressure and risk resistance of enterprises in the epidemic, but as the impact of the epidemic weakened and business activities got back on track, the outside world had new expectations, and the three companies also gave different answers.

If you only look at revenue, the Big three are coming out of the shadow of the epidemic, but the situation is very different:

• JD.com achieved revenue of 201.1 billion yuan in the second quarter (if not specified, all units are in RMB), an increase of 33.8% over the same period last year.

• BABA realized revenue of 153.75 billion yuan, an increase of 34% over the same period last year, which was higher than the market expectation of 148.055 billion yuan.

• Pinduoduo earned 12.193 billion yuan in revenue, an increase of 67 percent over the same period last year, slightly higher than the market expectation of 12.152 billion yuan.

To the outside world's surprise, the veteran giants JD.com and BABA are still releasing their growth vitality. on the contrary, Pinduoduo, who has high hopes for growth, handed over the answer that was almost less than expected.

NVIDIA Corp is officially crowned King of AI! Q2 data center grew 168% year on year

NVIDIA Corp announced the Q2 financial results after the US stock market trading this morning. The data center business after the consolidation of Mellanox increased by 168% compared with the same period last year, surpassing the traditional game business. And give a very strong Q3 guidance, single-quarter revenue will hit an all-time high.

NVIDIA Corp Q2 financial results are too excellent, but the market seems to be more concerned about the acquisition of arm, so the stock price not only did not rise but fell. Arm is a bottomless pit in Softbank Corp. 's hands. It does need a real semiconductor company to support it, but it's hard to say whether this company is NVIDIA Corp.

Arm is a well-known asset, but few people know about it: bottomless investment, poor profitability. More importantly, it is almost impossible for this M & A to pass the antitrust review of our country.

Back to NVIDIA CorpHuang Renxun repeatedly stressed in the earnings call: NVIDIA Corp will be a software company in the future, and hardware is just the beginning of everything. In the future, AI will bring deep changes to the software.It is worth noting that there is a small catalyst for NVIDIA Corp's stock price recently. NVIDIA Corp will release RTX30 series new products on September 1st.According to the warm-up, this will be the biggest performance improvement in the history of Nvidia game graphics card.

4. Can the record-breaking Sea reach hundreds of billions of US dollars?

With a market capitalization of 1367 per cent in 20 months, the company, known as Southeast Asia's Tencent + BABA and backed by Tencent (with a stake of nearly 40 per cent) and Chinese resources, has taken the lead in gaming and ecommerce in Southeast Asia and now has a market capitalisation of $68 billion.

This is Sea (US stock code SE), which yesterday released a better-than-expected earnings report and gave strong guidance and confidence (games and e-commerce are growing faster than Q2), so the share price rose 8.71% on the day. Can it become the next Internet giant with Tencent and BABA in the future?

5. The CEO of Intel Corp's falling share price can no longer be seen, and he plans to buy back.

Intel Corp's shares rose more than 3 per cent in after-hours trading after announcing a $10 billion accelerated share buyback plan.After the buyback was completed, Intel Corp said it would buy back $17.6 billion of the $20 billion authorization it announced in October 2019.

Intel Corp disclosed last month that the company's plan to switch to 7nm production technology was about a year behind, and the company's share price has been under pressure ever since. The share price has fallen 20% in the past month.

Although the macroeconomic environment is still uncertain, Intel Corp's share price is now much lower than our internal valuation, and we believe that buybacks are prudent and reasonable at this time.

-Intel Corp CEO Bob Swan

The $10 billion buyback plan accounts for less than 5 per cent of the company's current market capitalization of about $205.5 billion. Intel Corp shares rose 3.8 per cent to $50.17 late Wednesday.

Hot spots next week

The following is the US stock company of IPO that will release its results next week (Aug. 24-Aug. 28):

• There will still be a lot of star SaaS stock announcements next week, such as$Salesforce.com Inc (CRM.US) $, $Autodesk Inc (ADSK.US) $, $Anaplan (PLAN.US) $, $Splunk (SPLK.US) $, $Workday (WDAY.US) $, $Okta (OKTA.US) $Etc., as well as well-known Chinese stocks$Bilibili Inc. (BILI.US) $。

• Next Thursday, the well-known new domestic electric power$XPeng Inc. (XPEV.US) $Will be listed on the market, has already started subscription.

The following is next week（August 24-August 28) important data and events:

• A series of regular data will be released next week to further assess the global economic recovery.

There was an unexpected increase in initial jobless claims in the US last week, leaving the job market stumbling on the long road to recovery. Whether this trend can be sustained, please pay attention to the relevant data next Thursday.

• The main focus of the market is still on the US price index, consumer confidence index and Powell's speech at the annual meeting of global central banks.