Home » Three major U.S. stock indexes fluctuated, finishing popular Chinese concept stocks generally higher

Three major U.S. stock indexes fluctuated, finishing popular Chinese concept stocks generally higher

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On August 31, the three major U.S. stock indexes fluctuated and consolidated, and popular Chinese concept stocks generally rose. As of press time, the Dow is down 0.01%, the Nasdaq is down 0.26%, and the S&P 500 is down 0.10%.

The following is a summary of important information in the global market:

  Global macro

  Barclays expects the U.S. to reach its debt ceiling by the end of October

  BarclaysSaid that the US Treasury Department may have enough capacity to continue operations until the end of October.Strategist Joseph Abate said that the Treasury Department assumes that the governmentStock investmentfundThe balance is about 270 billion U.S. dollars, and the Congressional Budget Office estimates it is 300 billion U.S. dollars. The yield of U.S. Treasury bills due at the end of October/early November has increased relative to other maturities, becausecurrencyMarket traders have set their sights on this date.

  Former Fed official Lacker warned: Powell is in a “dilemma” on inflation

Former Richmond Federal Reserve President Jeffrey Lacker said,MidlandPresident Jerome Powell faces the risk of out-of-control inflation, and although he vowed toMidlandChu is able to control inflation, but he did not say that to do so requires trauma surgery. “I thinkMidlandThe reserves are in a dilemma,” Lacker said. “The danger that soaring inflation poses to them — our six-month inflation rate is higher than at any time since 1983 — the danger is that this situation continues. “

  U.S. stocks in focus

  In addition to the Fed, these factors may also become a stumbling block to the rise of US stocks

The U.S. stock earnings season is coming to an end. According to statistics from Refinitiv’s IBES, as the U.S. economy continues to recover from the epidemic lockdown, the S&P 500 constituent companies’ profits in the second quarter increased by 95% year-on-year, the highest since the start of statistics in 1994 Record.However, the momentum of the strong rebound is about to come to an abrupt end, and institutionsAnalystIt is predicted that the growth rate of US corporate earnings in the third quarter will drop sharply to 30%.

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Schrosberg told reporters that the US economy is relying on stimulus policies to maintain expansion momentum, and a new round of the epidemic may cause the recovery to stagnate. If consumer prices continue to rise in the future, then concerns about stagflation will be a potential major risk. From a valuation perspective, if the enthusiasm for economic recovery begins to fade, a callback may occur at any time, because the current valuation is at a record high and faster growth is needed to justify the current pricing.

It is worth noting that as the three major stock indexes continue to rise, market trading volume is gradually shrinking, and the Panic Index (VIX), which measures index volatility, has returned to its low level during the year. on the other hand,American FinanceAccording to the latest report released by the Industry Regulatory Authority, since the stock market bottomed in March 2020, the margin debt has fallen from a historical high in July, and investors have begun to consciously reduce the risk of leverage control. From the perspective of traditional technical analysis, the tranquility after the deviation of volume and price may herald the approach of a short-term turning point.

  Morgan Stanley Warning: Be wary of a 10% correction in US stocks in the near future

On Monday, local time, thanks to positive signals that investors are not eager to raise interest rates and will not immediately tighten liquidity, among the three major U.S. stock indexes, the S&P 500 and the Nasdaq closed gains driven by technology stocks. On the one hand, the market expects the Fed to shrink its balance sheet, on the other hand, US stocks continue to rise. In this regard, some financial institutions expressed concern on Monday.Morgan StanleyThe analysis pointed out that the Fed may announce its decision to shrink the balance sheet at the September interest rate meeting as soon as possible. At the same time, from the perspective of historical performance, September is often the weakest month for U.S. stocks throughout the year, so investors need to be wary of U.S. stocks. There may be a pullback of up to 10%.

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  U.S. stock company

  IDC data shows: iPhone 13 will push Apple’s smartphone market share to new heights

Under the epidemic, the iPhone 12 sold 100 million units in just 6 months, which broke the previous record held by the iPhone 6.However, according to IDC’s latest data, the iPhone 13 willApplePushes its smartphone market share to new heights. Compared with Android, which is expected to grow by 6.2% this year, the iPhone will achieve a leap with a double-digit growth of 13.8%.

  Zoom’s second-quarter earnings exceed expectations

The company’s latest financial report shows that earnings in the second quarter exceeded analysts’ expectations, but compared with the previous quarterPerformanceGrowth has slowed. The financial report shows thatZoomIn the second fiscal quarter, adjusted earnings per share were US$1.36 and the market expected US$1.16; revenue increased by 54% year-on-year to US$1.02 billion, and the market was expected to be US$991 million, but this was a significant slowdown from the 191% increase in the previous quarter.

Regarding the performance guidance for the next quarter,ZoomIt is estimated that the adjusted earnings per share will be 1.07-1.08 US dollars, and the revenue will be 1.015 billion-1.020 billion US dollars, which means that the revenue growth rate is only 31%. The market predicts that the company’s adjusted earnings per share will be $1.09 and revenue will be $1.01 billion.

  ZoomIt also raised the performance guidance for the entire fiscal year. It is estimated that adjusted earnings per share will be US$4.75-4.79, and revenue will be US$4.005 billion to US$4.01 billion, both higher than analyst expectations; previously the company expected adjusted earnings of 4.56-4.61. US dollars, revenue is 39.8-39.9 billion US dollars.

  Tesla’s proposal to cut import tariffs may gain support from India

Several departments of the Indian government supportTeslaProposals to reduce import tariffs on electric vehicles include the Ministry of Road Transport, the Ministry of Industry and Internal Trade Promotion, and the National Institute of India (NITI Aayog). The final decision is in the hands of the Ministry of Finance. A report in The Times of India stated that the only department that opposed the proposal was the heavy industry sector. In addition, there were also riots among major Indian automakers. Earlier it was reported thatTeslaNegotiations are underway with at least three Indian companies to purchase key auto parts for their plans to enter the Indian market.

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 Wall Street Asset Management Company Kewen: Raises Eli Lilly’s target price from US$250 to US$300

Steve Scala, an analyst at Wall Street Asset Management Co., Ltd., willEli LillyThe target price of is raised from US$250 to US$300, maintaining the outperform rating. Analysts said that the data released at the European Society of Cardiology (ESC) conference showed thatEli LillyThe SGLT2 inhibitor class of hypoglycemic drug Jardiance will obtain “significant application” in the treatment of heart failure.In addition, the analyst also improvedEli LillyEarnings and sales expectations.

  International Cord Blood Bank’s Q1 revenue was 315 million yuan, and the number of new users increased by 14.2% year-on-year

  International Cord Blood BankAnnounced unaudited financial results for the first quarter of fiscal year 2022. Data show that the company’s Q1 revenue was 315 million yuan (RMB, the same below), compared with 281 million yuan in the same period last year, an increase of 12.2% year-on-year.Belonging to the companyshareholderNet profit136 million yuan, compared with 133 million yuan in the same period last year, a year-on-year increase of 3%. Basic and diluted earnings per share were 1.12 yuan, compared with 1.09 yuan in the same period last year.

Operating profit increased by 17.3% year-on-year to 157 million yuan. Non-GAAP operating profit increased by 15.5% year-on-year to 165 million yuan. During the quarter, the number of new users was 19,673, a year-on-year increase of 14.2%; the cumulative number of users reached 9,201951.

(Article Source:Oriental wealthResearch center)

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