Market dynamics
U.S. stocks closed higher on Tuesday, Moody’s: the Fed’s “Eagle” may cause a sharp correction
US stocks closed higher on Tuesday. As of the close, the Dow rose 68.61 points, or 0.20%, to 33945.58 points; the Nasdaq rose 111.79 points, or 0.79%, to 14253.27 points; the S&P 500 index rose 21.65 points, or 0.51%, to 4246.44 points .
In terms of technology stocks, among the well-known technology stocksappleRose by 1.27%; Facebook rose by 2.03%;AmazonUp 1.49%;MicrosoftUp 1.1%;NetflixUp 2.38%;TeslaUp 0.46%.
The market value exceeds 150 billion! “Cargo version of Didi” launched in the US
June 22,Man Bang GroupListed on the New York Stock Exchange under the stock code “YMM”,Man Bang GroupIssue 82.5 million ADS (American Depositary Shares) at an issue price of US$19 and raise US$1.5675 million.After the close, the mostNew crotchThe price is US$21.50, an increase of 13.16% from the issue price. The latest market value is US$23.36 billion, which is equivalent to more than RMB 150 billion.
This is the purest online car-hailing concept currently on the market, and it is also the fourth largest logistics company in my country with a market value of more than 100 billion yuan.Man Bang is known as the freight industryDidi, In fact, this company andDidiThere are also many origins.
Microsoft’s market value exceeds $2 trillion for the first time, second only to Apple
Microsoft(MSFT.US)’s market value briefly exceeded the $2 trillion mark in intraday trading on Tuesday, but the stock price fell slightly at the close, closing up 1.1% to $265.51.The market value is only 300 million US dollars away from 2 trillion US dollars, second only toapple(AAPL.US) has a market value of approximately US$2.23 trillion.
Statistics show that more than 90% of Wall Street’sAnalystRecommended to buyMicrosoft, And no analyst gave the stock a sell or equivalent to sell rating. The average target price shows that analysts believe that the stock still has about 11% upside.
Spotlight
Fed: Inflation rate exceeded expectations but not ready to raise interest rates immediately
June 22, local time,MidlandPresident Powell admitted in a hearing that the current inflation rate in the United States andQualcommThe duration of inflation has exceeded previous expectations.At the same time, he saidMidlandThe current priority of the Reserve Bank is still a comprehensive and broad economic recovery, not an immediate increase in inflationary pressures.interest rate。
Powell believes that the reason for the recent price increases is not the overheating of the economy, but the direct result of the full restart. Therefore, when formulating economic policies,MidlandThe consideration factors of the reserve are not limited to the inflation rate but will look at multiple factors, such as the employment rate and the problems faced by low-income groups and ethnic minorities.
U.S. Treasury yields bucked the trend and plunged survey: Wall Street inflation trading ebbs betting on flattening U.S. Treasury yield
It is understood that Wall Street financial institutions are still arguing about the reasons for the sharp drop in U.S. bond yields against the trend.Partial hedgefundIt is believed that the Japanese yen spread capital is worried that the Fed’s hawkish signals will cause U.S. stocks to plummet, and it turns to buy U.S. Treasuries to hedge, which is the main reason for the U.S. Treasury yields to buck the trend. The signal is driving a large number of investment institutions to cut inflation transactions and bet on flattening the U.S. Treasury yield curve, triggering a sharp drop in long-term U.S. Treasury yields.
“Behind this, it reflects that Wall Street financial institutions are adopting new policy arbitrage investment around the Fed’s hawkish signals-around the FedcurrencyA new round of market game in the policy shift has quietly begun. “Hedge fund MKS PAMP analyst Sam Laughlin said frankly.
Epidemic factors make Amazon’s annual promotion activities “discount”
Affected by the impact of the new crown epidemic on the supply chain, opened on the 21stAmazonProduct discounts for annual promotional activities are expected to be weaker than in previous years, and many businesses are unwilling to lower prices in the context of high product costs.
According to the “Business Insider” website report,AmazonAlthough the two-day annual promotional event called Prime Day has been launched, the shadow of the epidemic still looms over the world, and supply chain disruptions including the Suez Canal blockage at the beginning of the year and the high level of new crown cases have caused the cost of goods to rise and Amazon Suppliers are reluctant to substantially increase sales during low-profit promotions.
Many merchants stated that they are also controlling inventory to prevent shipping delays from continuing during the Christmas holiday shopping season.
Uxin Financing to Survive: The Dilemma of Used Car E-commerce Is Hard to Break
Recently, China’s second-hand car online trading e-commerceUxinGroup (UXIN.US) releasedannouncement, AnnouncingUxinversusWei LaiCapital and Joy Capital formally signed a financing agreement with a potential total of up to 315 million US dollars. In addition,UxinInvestment institutions 58 Group, TPG, HuapingConvertible bondThe holder intends to convert a total of US$69 million in convertible bonds it holds into ordinary Class A shares of the company.
Uxin seems to have lost its former unicorns and the first stock of used car e-commerce. 2020 is the freezing point of Uxin. Its annual revenue has fallen sharply by 64.55% to only 563 million yuan, but its loss has further expanded to 2.623 billion yuan. Since the second half of last year, Uxin’s stock price has been on the fringe of $1 for a long time, and it did not show a significant rebound until April this year. At the same time, “routine loans”, “transaction data fraud”, “Cash flowNervous”, “layoffs”, “ExecutivesA series of problems, such as “Exodus”, have also caused Uxin to repeatedly face crises.
Series reports
US Stocks Daily: The Dow ends its five-day losing streak
US Stocks Daily: The Dow hits its biggest weekly decline since October last year, the US Super 40,000 petitions not to let Bezos return to the earth
US Stocks Daily: US stocks trend differentiation 12 trillion technology giants change coach
US Stocks Daily: US stocks closed down on Wednesday, the Fed expects to raise interest rates twice before the end of 2023
US Stocks Daily: Key data “bursts” US stocks fell across the board
(Article Source:Oriental wealthResearch center)
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