Heavy financial events next week (5.9-5.13):
In terms of economic data, important data such as US April CPI/PPI, initial jobless claims, EIA crude oil inventories, and China’s April M2, CPI/PPI and other important data will be released;
In terms of financial reports, well-known companies including BioNTech, Occidental Petroleum, Ideal Motors, AMC Cinemas, SMIC, and Rivian will successively disclose their performance;
In terms of new shares, the subscription for new shares of Yunkang Group, a medical operation service provider, has ended;
In terms of financial events, Hong Kong stocks will be closed on Monday, and several Fed FOMC voting committees will deliver speeches.
Monday, May 9
Keywords: Hong Kong stock market closed; China’s April trade account, money supply data; BioNtech, Palantir Technologies financial report
On Monday, the day after Buddha’s birthday, the Hong Kong stock market was closed and the US stock market opened normally. Hong Kong stocks started trading on Tuesday.
In terms of economic data, China’s April trade account, money supply data, and US wholesale sales data will be released.
In terms of financial reports, vaccine giant $BioNTech (BNTX.US) $ , meme stock $Palantir Technologies (PLTR.US) $ will announce results.
Tuesday, May 10
Key words: FOMC permanent voting committee, New York Fed President Williams speech; ideal car, AMC cinema financial report
On Tuesday, in terms of economic data, data such as the NFIB Small Business Confidence Index in the United States in April and the electricity consumption of the whole society in China in April will be released.
In terms of financial reports , $Ideal Auto-W(02015.HK)$ , $AMC Cinemas (AMC.US)$ , $Novax Pharmaceuticals (NVAX.US)$ , $Peloton Interactive(PTON.US)$ , etc. The company will release the latest financial report in succession.
Ideal Auto: According to Bloomberg analysts’ expectations, in 2022, Q1 Li Auto’s revenue will be approximately RMB 9.587 billion; the adjusted net profit will be approximately RMB 205 million; and the adjusted EPS will be a loss of RMB 0.371.
In terms of events, FOMC permanent vote committee, New York Fed President Williams will deliver a speech.
Wednesday 11 May
Key words: China April CPI/PPI; US April CPI, EIA crude oil inventories; Western Petroleum financial report
On Wednesday, in terms of economic data, important economic data such as China’s April CPI/PPI and the US April CPI will be released.
With the market eagerly expecting “peak inflation”, any surprise in the inflation data will trigger another round of market runaway. The current month-on-month growth rate forecast given by economists is only roughly 0.2%, but at the level of annual rate data, which is the favorite to be used in media reports, the April data is likely to show a relative decline. The main reason is the starting point of this round of inflationary surge in the United States. It was last April.
In terms of financial reports , companies such as $Occidental Petroleum (OXY.US)$ , the metaverse concept stock $Roblox (RBLX.US)$ , which have been continuously increased by Buffett, will announce the latest financial reports one after another.
Occidental Petroleum: According to Bloomberg analysts’ expectations, Occidental Petroleum’s Q1 2022 revenue will be $8.216 billion; adjusted net profit will be $1.991 billion; adjusted earnings per share will be $2.049.
In terms of new shares, the subscription for new shares of Yunkang Group (02325.HK) has ended.
Yunkang Group is a medical operation service provider that provides a full range of diagnostic testing services to medical institutions. According to Frost & Sullivan, its market share in China’s medical operation service market in terms of revenue in 2020 was 3.7%.
Thursday, May 12
Keywords: US April PPI; US initial jobless claims for the week; SMIC, Rivian financial reports
On Thursday, in terms of economic data, data such as the U.S. April PPI and the number of Americans filing for unemployment benefits for the week will be released.
In terms of financial reports , industry giants such as $SMIC (00981.HK)$ , $Disney (DIS.US)$ , and Tesla’s “rival” $Rivian Automotive (RIVN.US)$ will announce the latest financial reports one after another.
SMIC: According to Bloomberg analysts’ expectations, SMIC’s revenue in Q1 2022 will be approximately US$1.838 billion, a year-on-year increase of 66.5%; adjusted net profit will be approximately US$448 million, a year-on-year increase of 180.7%; The stock gain was $0.057, a year-on-year increase of 181.1%.
Rivian Automotive: According to Bloomberg analyst expectations, in 2022, Rivian’s Q1 revenue will be about $131 million; adjusted net profit will be a loss of $1.426 billion; adjusted earnings per share will be a loss of $1.447.
Friday 13 May
Keywords: U.S. April import price index, May University of Michigan consumer confidence index
On Friday, in terms of economic data, data such as the U.S. import price index for April and the University of Michigan consumer confidence index for May will be released.
The final reading of U.S. consumer confidence in April was 65.2, the highest reading in three months and the first increase in the index this year; it peaked at 88.3 in April 2021 as the economy began to recover from Recovery from the new crown epidemic, and then began to decline due to rising inflation.
In terms of events, 2023 FOMC votes, Minneapolis Fed President Kashkari will speak on energy and inflation.
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