Investing.com – U.S. stock futures rose in premarket trading on Tuesday, with Dow futures up about 400 points and Nasdaq up more than 200 points after U.S. retail sales data for April was stronger than market expectations, easing market concerns about the U.S. economy Fears of slowing growth. Among them, the monthly rate of retail sales recorded 0.9%, a new high since January this year.
However, Walmart’s earnings report showed inflation eating into profits, leading to earnings that fell short of market expectations. Walmart also lowered its full-year earnings guidance. On the other hand, Home Depot’s comparable sales rose unexpectedly as home improvement demand remained strong despite rising prices.
Investors will also need to pay attention to Fed Chairman Jerome Powell’s speech later in the day for his views on inflation and the economic outlook. Recently, Powell admitted that the rate hike was late.
In addition, a number of investment institutions released 13F position reports. Among them, Berkshire Hathaway, a subsidiary of Buffett, bought the bottom of U.S. stocks in the first quarter, and the market value of its holdings rose to $363.554 billion in the first quarter, an increase of 9.8% from the previous quarter’s total market value of $330.953 billion. Among individual stocks, Buffett liquidated stocks such as Wells Fargo (NYSE: ) and increased his holdings of Citi (NYSE: ) and Occidental Petroleum (NYSE: ).
During the same period, Hillhouse HHLR increased its positions in 8 Chinese concept stocks in the first quarter, among which the increase in JD.com and Vipshop was 76% and 147% respectively; at the same time, 4 new investors including Didi and Futu were purchased. stock.
In the previous trading day, , rose 0.8%, fell 0.39%, and fell 1.20%.
As of 20:51 Beijing time (08:51 a.m. EST), the U.S. stock market of Yingwei Financial Investing.com showed that it rose 378.7 points, or about 1.18%, to 32,602.10 points; it rose 57.9 points, or about 1.44%, to 4,065.90 points ; rose 213.6 points, or about 1.74 percent, to 12,457.20.
Walmart (NYSE: ) fell 6.05% after falling more than 7% earlier. Walmart’s pre-market first-quarter profit came in below consensus estimates, and it cut its full-year profit forecast as soaring costs eroded profits. In addition, Walmart’s higher-margin e-commerce sales rose just 1% from last year. “Inflation levels in the U.S., particularly for food and fuel, are putting more pressure on the margin mix and operating costs than we expected,” Walmart Chief Executive Doug McMilon said.
Home Depot (NYSE: ) rose 3.77%, thanks to the strong momentum of home improvement demand despite rising material prices, the company’s first-quarter sales growth exceeded expectations and it raised its full-year growth guidance. Home Depot’s same-store sales rose 2.2% in the first quarter, compared with analysts’ estimates of a 2.7% decline; the company also raised its full-year comparable sales growth forecast to about 3%, compared with the company’s previous forecast of slightly more than 0%, analysts expected was 1.4%.
Sea (NYSE: ) rose 13.22% as revenue from its core gaming business grew faster than expected in the first quarter, offsetting a slowdown in other businesses as the pandemic cooled. Sea’s first-quarter revenue increased by 64.4% year-on-year to $2.9 billion, but Sea lowered its e-commerce performance guidance and expects e-commerce GAAP revenue to be between $8.5-9.1 billion in 2022, compared with the previous forecast of $8.9-9.1 billion Dollar.
Now Holdings .
Take-Two Interactive (NASDAQ: ) rose 5.47% after its fourth-quarter results beat expectations, but its annual guidance fell short of market expectations.
Caterpillar Inc (NYSE: ) rose 2.6% after its board approved a new buyback of as much as $15 billion, effective Aug. 1.
Tesla (NASDAQ: ) rose 2.16% and Twitter (NYSE: ) fell 1.71%. Musk said on May 17 that he would not go ahead with the Twitter deal until Twitter’s CEO publicly demonstrated that fewer than 5 percent of Twitter accounts were fake.
Apple Inc (NASDAQ: AAPL) rose 1.37%. Netflix (NASDAQ: ) rose 1.67%, Microsoft Corp (NASDAQ: ) rose 1.44%, Amazon (NASDAQ: ) rose 1.55%, Google parent Alphabet (NASDAQ: ) rose 1.49%, and Facebook parent Meta Platforms (NASDAQ: ) rose 1.43%.
China concept stocks
JD.com (NASDAQ: )(HK: ) rose 7.76%. JD.com’s total revenue in the first quarter was 239.7 billion yuan, an increase of 18% year-on-year. Operating profit was 2.4 billion yuan, compared with 1.7 billion yuan a year earlier. Net loss attributable to ordinary shareholders was 3 billion yuan, compared with a net profit of 3.6 billion yuan a year earlier. Non-GAAP net profit attributable to ordinary shareholders was 4 billion yuan, compared with 4 billion yuan in the same period last year.
Tencent Music (NYSE: ) rose 6.51%, and Tencent Music’s total revenue was 6.64 billion yuan, down 15.1% year-on-year. The net profit attributable to shareholders of the company was 609 million yuan, a year-on-year decrease of 34%. However, online music paying users reached 80.2 million, a year-on-year increase of 31.7%, and the payment rate exceeded 13%. In addition, Tencent Music executives said on the earnings conference call that the next video concert will be Jay Chou’s concert, which is currently scheduled for May 20.
Huya (NYSE: ) rose 4.86%. Huya’s revenue in the first quarter fell by 5% year-on-year to 2.4646 billion yuan; the net profit attributable to Huya was 46.6 million yuan, down 82% year-on-year, and the net profit in the same period last year was 265.9 million yuan.
Xunlei (NASDAQ: ) rose 5.65%, and its revenue in the first quarter was US$79.047 million, a year-on-year increase of 48.4%; net profit attributable to shareholders was US$5.466 million, down about 19% year-on-year, but it turned losses into profits from the previous quarter.
Dada (NASDAQ: ) rose 8.23%. Dada Group recorded a total revenue of RMB 2 billion in the first quarter, an increase of 21% year-on-year, and a year-on-year increase of 74% under comparable standards; the net loss was 604 million yuan, compared with the same period last year. Net loss of 710 million yuan narrowed.
Futu Securities (NASDAQ: ) rose 6.10% and Tiger Securities (NASDAQ: ) rose 7.67%.
Weilai Automobile (NYSE: ) rose 4.33%, Li Auto (NASDAQ: ) (HK: ) rose 7.18%, and Xiaopeng Motors (NYSE: ) (HK: ) rose 5.48%. Mavericks Electric (NASDAQ: ) rose 3.83%.
Bilibili (NASDAQ: ) (HK: ) rose 4.70% and iQiyi (NASDAQ: ) rose 8.65%.
Alibaba (NYSE: ) (HK: ) rose 7.02% and Pinduoduo (NASDAQ: ) rose 7.69%.
Baidu (NASDAQ: ) (HK: ) rose 4.13%. Didi (NYSE: ) rose 9.40%. NetEase (NASDAQ: ) (HK: ) rose 3.05%.
The latest data shows that foreign investors in the United States sold a total of $94.3 billion in U.S. company stocks in March, the largest outflow since at least January 1978, when the U.S. Treasury Department began recording the data. It was a $25.4 billion sell-off of U.S. stocks in February. 3.7 times the size! However, in the medium to long term, U.S. stocks still have great potential. Once the Fed tightens and a potential U.S. recession is exhausted, U.S. stocks may return to the king.
As of 20:52 Beijing time (08:52 a.m. EST), European stock markets from Investing.com showed that European stock markets generally rose. Up 1.44%, up 1.19%, up 0.84%, up 1.45%.
The dollar, which measures the greenback’s strength against a basket of six major currencies, fell 0.79% to 103.380.
Comex rose $17.85, or about 0.98%, to $1,831.85 an ounce on the New York Mercantile Exchange.
London was up 0.23% at $114.50 a barrel. It rose 0.14% to $111.98 a barrel.
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Editor: Liu Chuan