Review of the market this week

This week, the three major indexes of U. S. stocks suffered their biggest weekly decline since March, affected by inflationary pressures.Among them$S & P 500 (.SPX.US) $跌1.39%；$Dow (.DJI.US) $Down 1.14%$Nasdaq Composite Index (.IXIC.US) $Down 2.34%.

The U.S. Department of Labor reports thatThis weekThe number of first-time claims for unemployment benefits continued to decline to 473000.Since the outbreak last yearA new low since！The data show that recruitment is bound to increase as workers return to the labour market.

Review of market hotspots

1. Us CPI rose 4.2% from a year earlier, the highest level since 2008

The labour department reported that US CPI rose 4.2 per cent in April from a year earlier, up from 2.6 per cent in March. Annualized CPI rose 2.2 per cent in April compared with the same period in 2019. Food prices rose 2.4 per cent year-on-year, car and truck rents surged 82 per cent, and air ticket prices jumped 9.6 per cent.

Us stocks fell and Treasury yields rose after the inflation data were released. Investors worry that a sharp rise in inflation could prompt the central bank to tighten monetary policy ahead of time to meet its 2 per cent inflation target.

two。 The largest oil pipeline company in the United States suffers a cyber attack, Biden may increase investment in cyber security

Concerns about fuel shortages intensified on May 7 when the Colonial Pipeline system, the largest oil product pipeline company in the United States, was attacked by blackmail software. Us President Joe Biden signed an executive order on the 12th to strengthen US cyber security defenses.

The recent cyber security incident is a sobering reminder that public and private entities in the United States are increasingly facing malicious attacks from cybercriminals.

-the United States White House

3. Cipher currency Exchange currency an faces investigation by the US Department of Justice and the IRS

Qian an, one of the world's largest encrypted currency exchanges, is under investigation by the U.S. Department of Justice and the IRS. As part of the investigation, officials responsible for investigating money laundering and tax violations have sought information from individuals familiar with the currency security business, according to people familiar with the matter.

We take our legal obligations very seriously and cooperate with regulators and law enforcement agencies. The company does not comment on specific matters or questions. We have been working to establish a strong compliance program that incorporates anti-money-laundering principles and tools used by financial institutions to detect and deal with suspicious activities.

-Yuan an spokesperson Jessica Jung

Spokesmen for the Justice Department and the IRS declined to comment.

4. The size of ETF managed by ARK fell below 40 billion US dollars, and fans of wooden Sister still stick to it.

With technology stocks tumbling recently, the cash level of ETF managed by Cathie Wood has fallen below $40 billion, but her loyal fans have largely stuck with it, according to Bloomberg.

The data show that the founders of ARK are now in charge of $39.7 billion in ETF, down from a peak of more than $60 billion in February. Her flagship.$ARK Innovation ETF (ARKK.US) $It has fallen by about 35% from its peak.

The market expects large outflows from the ARK fund due to recent poor performance, but the fund had a net outflow of just $76 million in April, just $301 million so far in May and an increase of $7.1 billion in the first quarter of this year.

5. Qiaoshui Q1 position: Jiancang Tesla, significantly reduce BABA, increase the consumer sector

On May 15, Qiaoshui disclosed its position report for the first quarter ended March 31, 2021. Due to stock market fluctuations, the market value of the overall portfolio reached $11.34 billion, and the total market value of positions fell 1.9 per cent from the previous month.

In terms of the proportion of increasing holdings, Qiaoshui significantly increased its holdings in the consumer sector in the first quarter, such as$Procter & Gamble Co (PG.US) $、$Lowe's Companies Inc (LOW.US) $、$Coca-Cola Company (KO.US) $、$Johnson & Johnson (JNJ.US) $和$Walmart Inc (WMT.US) $。

The top five reduced positions are all index ETF, such as$Gold ETF-SPDR (GLD.US) $、$emerging Markets ETF-iShares MSCI (EEM.US) $、$Gold Trust ETF-iShares (IAU.US) $、S & P 500 ETF-iShares (IVV.US) $、S & P 500 ETF-SPDR (SPY.US) $。

Review of hot spots in the company

1. Technology stocks were sold off again, core assets tumbled.

Affected by inflationary pressures, US technology stocks have been hit hard in core assets this week, including$Tesla, Inc. (TSLA.US) $Fell by more than 12%,$Alphabet Inc-CL A (GOOGL.US) $、$NVIDIA Corp (NVDA.US) $They all fell by more than 3%.

2. Roblox: popular post-00s! Q1 revenue soared 138% year-on-year

Sandboxie Game platform Co., Ltd.$Roblox Corporation (RBLX.US) $For the first time since the listing, its Q1 revenue reached $387 million, up 140% from the same period last year and 24% higher than expected. The average number of daily active users (DAU) was 42.1 million, up 79 per cent from a year earlier. The main driving factor is: outside the United States / Canada, DAU growth is 87%, DAU growth for users over 13 years old is 111%.

3. Bilibili Inc.: paying users broke the 20 million mark for the first time, and increased by 53% at a high base.

$Bilibili Inc. (BILI.US) $The first-quarter results released on May 13 showed that the revenue of Q1B station was 3.901 billion yuan, up 68% from the same period last year. While the revenue exceeded expectations, it also set a record high. The adjusted net loss was 665.8 million yuan, up from 474.6 million yuan in the same period last year. After the release of the results, analysts in major banks still gave Bilibili Inc. a "outperform" or "buy" rating.

4. BABA: core e-commerce is growing steadily, and investment in new business will continue to increase.

May 13th$BABA (BABA.US) $The latest quarterly report shows quarterly revenue of 187.395 billion yuan, up 64% from a year earlier, higher than Bloomberg's forecast of 180.397 billion yuan. A regulatory fine of 18.228 billion yuan was added to BABA's 2021Q1 profit or loss at one time, making BABA suffer its first quarterly operating loss since it went public in September 2014.

5. XPeng Inc.: Q1 performance exceeded expectations, and software revenue contributed to profit improvement.

May 13th$XPeng Inc. (XPEV.US) $2021Q1 reported better-than-expected quarterly revenue and narrowed losses that beat analysts' forecasts. The company expects Q2 to deliver 15500-16000 vehicles (year-on-year + 380.2% Murray 395.7%), continuing to grow steadily.

In the short term, the follow-up market will pay more attention to XPeng Inc. 's product strategy (post-production performance of the new car P5) and whether delivery can continue to grow steadily, including after the entry of technology giants such as Huawei and XIAOMI this year. XPeng Inc. and NIO Inc. can still maintain advantages in technology and product competition, which are the core factors affecting the valuation of new forces.

Hot spots next week

The following are the US stock companies that will release their results next week (May 17-May 21):

Next week's blockbuster star company:$Futu Holdings Limited (FUTU.US) $、$Tencent Music (TME.US) $、$Baidu, Inc. (BIDU.US) $、$iQIYI, Inc. (IQ.US) $、$NetEase, Inc (NTES.US) $、$Sea Limited (SE.US) $、$Walmart Inc (WMT.US) $、$Take-Two Interactive Software (TTWO.US) $、$JD.com (JD.US) $、$Applied Materials Inc (AMAT.US) $、$Deere & Co (DE.US) $Financial reports will be released one after another.

The IPO market is also hot next week:$SQUARESPACE, INC. (SQSP.US) $、$Oatly Group AB (OTLY.US) $、$Procore Technologies (PCOR.US) $、$ZIPRECRUITER, INC. (ZIP.US) $Wait for IPO to come.

The following is the trading day of next week(17 May-21 May)Important data and events:

• Important economic data to be released next week:Number of Americans claiming unemployment benefits in the week from May 15 to May 15

• Next week's major events:On May 20th, the Federal Reserve FOMC released the minutes of the monetary policy meeting.

These are all the contents of this issue of US Stock Weekly. Thank you for your reading and sharing. We will see you next week. If you have any suggestions, you are welcome to leave a message in the comments section.