Hot News
US President Trump signed a short-term spending bill to avoid a government shutdown.
The White House stated on March 15 local time that US President Trump signed a short-term spending bill to prevent a government shutdown. Previously, the US House of Representatives and Senate passed this bill to ensure government funding until September 30. Analysts believe this move avoided a US government shutdown while intensifying fierce debates within the Democratic Party on how to respond to Trump's power expansion.
The Central Committee and the State Council issued a "Special Action Plan for Boosting Consumer Spending," which proposes multiple measures to stimulate consumption.
"The Special Action Plan for Boosting Consumer Spending" covers eight major actions and a total of thirty specific measures for increasing income for urban and rural residents, ensuring consumption capacity, etc. The plan proposes to promote reasonable growth in wage income, broaden channels for property income, and take various measures to stabilize the stock market; increase support for childbirth and childcare, and research the establishment of a childcare subsidy system; deepen the integration of multi-industry consumption online and offline, promote ice and snow consumption, and develop inbound consumption; enhance support for old-for-new consumer goods, timely reduce the housing provident fund loan interest rate, and extend the automobile consumption chain; accelerate the development and application promotion of new technologies and products such as autonomous driving, Smart Clothing, and Ultra HD video.
Wall Street's most accurate Analyst: The US stock market is adjusting rather than entering a bear market, focus on six key signals of a bottom.
Top Analyst on Wall Street, JPMorgan strategist Michael Hartnett's latest judgment on the market is as follows: The current decline in the US stock market is not the beginning of a bear market, but merely a "foolish adjustment." He suggested that investors should pay attention to six key signals to determine whether the adjustment has ended, which are: Bank of America FMS Cash level, Global growth expectations and stock allocation, BofA Bull and Bear Indicator, Global equity fund redemptions, BofA Global stock breadth index, and the spread of US High Yield Bonds. He also reiterated the "BIG" strategy, which involves holding Bonds, international stocks, and Gold long-term until 2025.
US Treasury Secretary Bessent stated that he is not worried about the market, believing that the stock market pullback is normal.
U.S. Treasury Secretary Scott Betser stated that he is not concerned about the recent evaporation of trillions from the stock market as the U.S. seeks to adjust its economic policies. "I have been in the investment industry for 35 years, and I can tell you that a pullback is reasonable and normal," Betser said during a program on Sunday local time. "I am not worried about the market. In the long run, if we implement sound tax policies, ease regulations, and ensure energy security, the market will perform well."
Is Trump the biggest bullish factor? Gold prices rise above $3,000, setting a new historical high.
Gold prices continue to rise recently, again reaching a historic high. Last Friday, gold prices rose by 0.6%, currently reported at $3,009.20 per ounce, breaking the $3,000 mark for the first time. In the past 25 years, gold prices have increased tenfold, even outperforming the S&P 500 Index which quadrupled during the same period. As concerns about the U.S. economic outlook grow, the demand for gold as a safe-haven asset has significantly increased, particularly with the uncertainty triggered by potentially destructive trade policies of the Trump administration, leading investors to turn to gold as a traditional safe haven.
New developments in USA Bitcoin reserves: Sources say the White House will purchase as much Bitcoin as possible!
Last week, Trump ordered the establishment of a strategic Bitcoin reserve but did not propose a plan to purchase additional Bitcoins, causing disappointment in the market. Meanwhile, Bitcoin prices have fallen nearly 14% over the past month due to safe-haven demand triggered by U.S. tariffs. However, according to Decrypt, citing multiple anonymous sources, Bo Hines, the executive director of the digital asset working group appointed by Trump, told attendees at a closed-door roundtable hosted by the Bitcoin Policy Institute that the White House plans to purchase as much Bitcoin as possible.
Post-Market Trading
Last Friday, the three major U.S. stock indices all rose, with NVIDIA up more than 5%, and the China Concept Index rising 2.69%.
Last Friday, the risk of a U.S. government shutdown was lifted, and U.S. stocks rebounded across the board. The Dow Jones Industrial Average rose 1.65%, having accumulated a 3.07% drop last week, the largest weekly decline since March 2023; the Nasdaq rose 2.61%, with a cumulative drop of 2.43% last week; and the S&P 500 Index rose 2.13%, with a cumulative drop of 2.27% last week.
Large technology stocks rallied, with NVIDIA rising over 5%, Tesla and Meta rising over 3%, and Microsoft, Amazon, and Broadcom rising over 2%;
The Semiconductors, Cryptos, and Computer Hardware sectors had the largest gains, with the Strategy rising 13%, Super Micro Computer rising nearly 8%, and Micron Technology rising over 6%;
The Nasdaq China Golden Dragon Index rose 2.69%, with most China Concept Stocks up, New Oriental rising over 5%, JD.com rising over 4%, and PDD Holdings rising over 3%.
What to watch for NVIDIA GTC this week? Blackwell, Rubin, CPO, Siasun Robot&Automation.
On March 17, $NVIDIA (NVDA.US)$ the 2025 Global AI Conference aimed at developers will be held soon. JPMorgan expects that NVIDIA will introduce the Blackwell Ultra chip (GB300) at the conference and may disclose some details about the Rubin platform, while also focusing on a comprehensive upgrade of AI hardware, including higher-performance GPUs, HBM memory, stronger heat dissipation and power management, as well as the CPO (co-packaged optics) technology roadmap. In addition, JPMorgan anticipates that humanoid robots and physical AI will also be highlights of the conference.
Tesla rose nearly 4% last Friday and reportedly plans to launch an affordable version of the Model Y in China.
$Tesla (TSLA.US)$ Last Friday, the stock price rebounded nearly 4%, closing at $249.98. According to Reuters, sources say that the American electric vehicle manufacturer Tesla plans to produce a low-cost version of its best-selling Model Y in Shanghai to regain market share lost in the price war in the Chinese automotive market. Reportedly, the internal project code for this model is "E41," which will be manufactured using existing production lines, with a target of mass production in 2026. The report cites insiders saying that this model will be smaller than the redesigned Model Y launched at the end of last year, with production costs reduced by at least 20%.
Increased revenue but decreased profit! Li Auto's Q4 revenue grew by 6.1% year-on-year, reaching a record high, while net income fell by 38.6%.
Last Friday, $Li Auto (LI.US)$ The earnings report for the fourth quarter and the entire year of 2024 has been released. Benefiting from strong delivery volumes in the fourth quarter, Li Auto achieved a record quarterly revenue in the fourth quarter of 2024, but net income for the fourth quarter and the whole year declined year-on-year due to the "price war." Fourth-quarter revenue was 44.3 billion yuan, exceeding the estimated 44.21 billion yuan, a year-on-year increase of 6.1% and a quarter-on-quarter increase of 3.3%; the fourth-quarter net income was 3.5 billion yuan, a year-on-year decrease of 38.6%. After the earnings report was released, Li Auto's stocks fell over 4% in the US market.
The compensation package for Intel's new CEO, Pat Gelsinger, has been revealed: valued at approximately 69 million dollars.
$Intel (INTC.US)$ The company disclosed in a document that the total compensation package of newly appointed CEO Chen Liwu is approximately $69 million. According to the document, Chen Liwu's base annual salary is $1 million, with the opportunity to earn up to 200% in performance bonuses. Additionally, he will receive two long-term incentives: a long-term equity award valued at $14.4 million and a stock performance award valued at $17 million, both of which will vest over a period of five years.
The delay in the Siri upgrade has made Apple executives admit that the halted AI features are "embarrassing."
$Apple (AAPL.US)$ Robby Walker, an executive responsible for the intelligent assistant Siri, told employees that the delay in the launch of key features (Apple Intelligence) is both unattractive and embarrassing, and the decision to publicly promote it before the technology was ready made the situation worse. In the all-hands meeting, Walker candidly stated that team members might feel angry, disappointed, exhausted, and embarrassed due to the delay in the features. Apple originally planned to release these technologies this spring, but according to informed sources, it is now expected to be launched no earlier than next year.
Baidu officially released the Wenxin large model 4.5 and Wenxin large model X1.
$Baidu (BIDU.US)$ On March 16, the Wenxin large models 4.5 and X1 were officially released. Currently, both models are available on the Wenxin Yiyan official website, open to users for free. At the same time, Wenxin large model 4.5 has launched on the Baidu Smart Cloud Qianfan large model platform, where enterprise users and developers can log in to call the API; Wenxin large model X1 will also be online on Qianfan soon. Products such as Baidu Search and the Wen Xiaoyan APP will gradually integrate Wenxin large model 4.5 and Wenxin large model X1.
Musk: The 'Starship' will head to Mars by the end of 2026, with the earliest manned landing in 2029.
On March 15 local time, SpaceX founder Elon Musk posted on his social media platform X that the heavy launch vehicle 'Starship' will land on Mars by the end of 2026, carrying Tesla's humanoid robot 'Optimus Prime'. Currently, 'Starship' has conducted eight test flights. He also stated that if the initial missions are successful, a manned landing could occur as early as 2029, but '2031 is more likely'.
Top 20 by trading volume in the U.S. stock market.
Hong Kong Market Outlook
Northbound capital bought Tencent for over 2.2 billion Hong Kong dollars, bought Alibaba for over 1.5 billion Hong Kong dollars, and sold TRACKER FUND OF HONG KONG for over 3 billion Hong Kong dollars.
Last Friday, the southbound funds net bought HK stocks worth 4.346 billion HK dollars.
$TENCENT (00700.HK)$、$BABA-W (09988.HK)$、$KUAISHOU-W (01024.HK)$They received net purchases of 2.216 billion HK dollars, 1.512 billion HK dollars, and 0.795 billion HK dollars respectively.
$TRACKER FUND OF HONG KONG (02800.HK)$、$SMIC (00981.HK)$、$XIAOMI-W (01810.HK)$Net selling of 3.041 billion Hong Kong dollars, 0.508 billion Hong Kong dollars, 0.374 billion Hong Kong dollars respectively.
GTJA: The company name is proposed to be changed to "Guotai Haitong Securities Co., Ltd."
$GTJA (02611.HK)$ The announcement states that the company plans to change its Chinese name to Guotai Haitong Securities Co., Ltd., its English name to GUOTAI HAITONG SECURITIES CO., LTD., the A-share stock short name to Guotai Haitong, and the H-share stock short name to 國泰海通. This name change still needs to be submitted for the shareholders' meeting for review and requires application for change registration with the market supervision and administration department. The company's A-share stock code remains unchanged.
Today's focus.
Keywords: USA February retail sales month-on-month, NVIDIA holding the GTC conference, WUXI APPTEC/KINGDEE INT'L earnings.
On Monday, in terms of economic data, China will announce the year-on-year total retail sales of social consumer goods for January and February, and the year-on-year industrial added value above a designated size for January and February; the USA will announce February retail sales month-on-month, the March New York Fed manufacturing index, and other data.
In terms of financial events, the highly anticipated NVIDIA GTC conference opens, which will last for a week (from March 17 to 21); the State Council Information Office will hold a press conference on the national economic operation, and another press conference on measures to boost consumption.
In terms of earnings reports, the Hong Kong stock market. $WUXI APPTEC (02359.HK)$ 、 $KINGDEE INT'L (00268.HK)$ 、 $YSB (09885.HK)$ Performance will be announced.
Futubull Morning Reading:
Time is a friend of excellent companies and an enemy of mediocre companies.
——Warren Buffett
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