hot news

• The Fed will “receive water” after raising interest rates three times? September may be a critical time

At 2 a.m. Beijing time on Thursday, the Federal Reserve’s FOMC released the minutes of its May monetary policy meeting. Most Fed officials support a 50-basis-point rate hike in the next few meetings, believing a sharp hike would provide policy flexibility later this year, and all support a plan to start a balance sheet reduction. The minutes were seen as in line with market expectations, while suggesting flexibility for subsequent rate hikes, as officials raised their PCE inflation forecasts for the first half of this year and next year, commenting that it suggested three more 50-basis-point rate hikes by the Fed would be over. water.”

• Trillions of dollars run into the market, the US SEC starts to tighten the requirements for ESG concept funds

On Wednesday, local time, the US SEC proposed a regulatory reform plan for the naming and investment standards of ESG concept funds, indicating that this extremely hot but mixed market is expected to provide investors with more transparent guidance. ESG, the acronym of the three words environment, social responsibility and corporate governance, this investment philosophy also reflects the concern of a large number of investors on issues such as climate change and social justice. As of the first quarter of this year, funds under management claiming to focus on ESG factors had reached $2.78 trillion, up from less than one trillion two years ago, according to Morningstar.

• Next “Eye of the Storm” in Energy and Agricultural Markets: The U.S. Hurricane Season Is Here!

The US National Oceanic and Atmospheric Administration predicted on Tuesday that between June and November this year, the Atlantic may form 6-10 hurricanes, of which 3-6 hurricanes will evolve into major hurricanes. Atlantic hurricanes often threaten energy, agriculture and even financial markets in general. And this year is apparently particularly special: the conflict between Russia and Ukraine has sent energy prices soaring to multi-decade highs, and U.S. gasoline and diesel inventories are at their lowest levels in recent years. The months-long war in Ukraine, Europe’s “granary”, has also made the global agricultural market more urgently dependent on supplies from North America.

• The US midterm elections are hot, and the former CEO of Bridgewater may lose the primary by hundreds of votes

According to the Pennsylvania Election Commission, because the top two candidates in the state’s Republican senatorial primary, Trump-backed TV star Dr. Oz and former Bridgewater CEO McCormick are too close to each other The ballots will be recounted and the final result will be disclosed by June 7. Dr. Oz received 419,365 votes, while McCormick received 418,463 votes, according to the preliminary published tally. The winner between the two is expected to face lieutenant governor and Democratic nominee John Fettman.

• U.S. natural gas futures break the $9 mark, continuing to hit a new high since 2008

On Tuesday (May 25), the price of natural gas futures for June delivery on the New York Mercantile Exchange rose above the $9/million British thermal mark, continuing to hit a new high since August 2008, with an intraday increase of more than 6%. Market analysts said the conflict between Russia and Ukraine has exacerbated the shortage of energy supplies, driving up global natural gas prices and prompting buyers in Europe and Asia to compete for U.S. liquefied natural gas supplies. U.S. natural gas prices have surged more than 130 percent since the beginning of the year.

US stocks resume trading

• The three major U.S. stock indexes closed up collectively, with technology and retail stocks leading the rebound

The Fed minutes helped the stock indexes rise steadily. The Dow rose 0.6%, the S&P 500 rose 0.95%, and the Nasdaq rose 1.51%.

Most of the star technology stocks rose, Tesla rose nearly 5%, Netflix rose more than 4%, Microsoft rose more than 1%; department store stocks rose collectively, Nordstrom rose 14%, Ross Department Store rose nearly 5%, Tower Jitter rose by more than 4%; popular Chinese concept stocks generally rose, Pinduoduo and Station B rose by more than 3%, and JD.com rose by more than 1%.

• Nvidia’s Q1 performance exceeded expectations and reached a new high, but its revenue guidance was weak, and it fell more than 10% after the market

Nvidia announced the financial report for the first quarter of fiscal year 2023 as of May 1, 2022, with operating income of $8.288 billion, a year-on-year increase of 46%; non-GAAP adjusted EPS was $1.36, a year-on-year increase of 49%; two core Both business games and data center revenue continued to record highs, but the growth rates both slowed from the previous quarter. In terms of performance guidance, Nvidia expects second-quarter revenue to be about $8.1 billion, fluctuating within a range of plus or minus 2%, or $7.938 billion to $8.262 billion, compared with analysts’ expectations of $8.44 billion.

• Musk raised the total equity commitment to acquire Twitter to $33.5 billion, and Twitter rose more than 10% after the market

Musk raised an additional $6.25 billion in equity financing, raising the total equity commitment to buy Twitter to $33.5 billion, according to a new SEC filing. Musk is reportedly in talks with other investors, including Twitter founder and former CEO Jack Dorsey, to help raise money or roll over his stake to complete the deal. Affected by this news, Twitter once rose more than 10% after the market.

• Snowflake’s revenue growth slowed again in the first quarter, and the consumption-based business model caused concerns, and fell more than 16% after the market

Snowflake released its financial report for the first quarter of fiscal 2023 ended April 30, 2022, with revenue of $422.4 million, higher than analysts’ expectations of $412.8 million, an increase of 85% year-on-year, and the growth rate further slowed down; Quarterly adjusted operating margin was -2%, missing analysts’ expectations of 0.3%.

• Apple is rumored to have asked Hon Hai to expand the stock of new iPhone 14s this year to at least 30 million units

Nikkei reported on the 25th that among the four new iPhone 14 series models that Apple (AAPL.US)$ will release this year, at least one of them is behind the development schedule, and it is reported that Apple has asked Hon Hai to expand the stocking of new machines. quantity. The industry has judged that the iPhone 14 Max, which was first launched this year by Pegatron, was delayed, and the iPhone 14 Pro and iPhone 14 Pro Max operated by Hon Hai were not affected. Therefore, Apple instead asked Hon Hai to add new products. Aircraft stocking volume, at least 30 million units.

• Loop Capital: Cut Apple price target to $180 from $210

Ananda Baruah, an analyst at investment firm Loop Capital, cut its price target on Apple (AAPL.US) to $ 180 from $210. Baruah pointed out that Wall Street’s expectations for iPhone shipments in the fiscal third quarter may be 4 million to 6 million units higher than Apple’s actual shipments, and analysts’ forecasts for iPhone average selling prices for the next three quarters are “very low. “. Baruah pointed out that Apple has been increasing the storage capacity of iPhones, which has helped support the average selling price of iPhones, as Apple charges $50 for each additional 64GB of memory, and the popularity of Pro models has also helped push up the average selling price.

Yesterday’s top 20 US stocks turnover

Hong Kong City Prospects

• Beishui increased its position in China Mobile for the third consecutive day, and bought more than 1.1 billion Hong Kong dollars today

On May 25, Southbound funds bought a net purchase of HK$2.69 billion, a net purchase of 13 consecutive days, with a cumulative net purchase of HK$43.221 billion. China Mobile, CNOOC and Meituan-W received net purchases of HK$1.132 billion, HK$425 million and HK$358 million respectively. China Shenhua ranked first in net sales, with an amount of HK$53 million.

Southbound Capital has net bought China Mobile for 3 consecutive trading days, with a total of approximately HK$2,308.57 million.

• Zhihu-W: Revenue in the first quarter increased by 55.4% year-on-year, and plans to repurchase shares not exceeding $100 million

$zhihu-W(02390.HK)$ discloses unaudited condensed consolidated results for the three months ended March 31, 2022. The total revenue in the first quarter of 2022 was RMB 743.2 million, a year-on-year increase of 55.4%; the gross profit was RMB 335.5 million, a year-on-year increase of 23.1%. Average monthly active users (MAU) reached 101.6 million in the first quarter of 2022, a year-on-year increase of 19.4%; average monthly paying members reached 6.9 million in the first quarter of 2022, a year-on-year increase of 72.8%. In addition, the Board of Directors is confident in the company’s continued future growth and has announced a proposed share repurchase program of up to $100 million over the next 12 months.

• Ganfeng Lithium Industry plans to invest no more than 2 billion yuan to build a new energy material project for lithium batteries with an annual output of 50,000 tons

$Ganfeng Lithium (01772.HK)$ announced that the company’s 42nd meeting of the fifth board of directors held on May 25, 2022 reviewed and approved the “Investment and Construction of New Energy Materials Project for Lithium Batteries with an Annual Output of 50,000 tons” Proposal”, agreeing that the company will invest in the construction of a new energy material project with an annual output of 50,000 tons of lithium battery with its own funds not exceeding 2 billion yuan.

• Ali Health: As of the end of March 2022, the annual revenue was 20.578 billion yuan, and the adjusted net loss was about 394 million yuan

$Alibaba Health (00241.HK)$ announced on the Hong Kong Stock Exchange that for the year ended March 31, 2022, the group recorded revenue of RMB 20.5776 billion, a year-on-year increase of 32.6%; loss was RMB 266 million, the previous year Profit for the fiscal year was RMB 343 million; adjusted net loss was RMB 394 million, compared with adjusted net profit of RMB 631 million in the same period last year.

Follow today

Key words: the number of Americans filing for unemployment benefits in the first week, the real GDP value in the first quarter of the United States, Nvidia/Macy’s/Alibaba/Baidu financial report

On Thursday, May 26th, there will be more heavy economic data today. Investors need to focus on the number of initial jobless claims in the United States to May 21, as well as the revised annualized quarterly rate of real GDP in the first quarter of the United States.

In terms of financial reports, focus on US stocks $NVIDIA (NVDA.US)$ , $Macy’s (M.US)$ , $Alibaba (BABA.US)$ , $Baidu (BIDU.US)$ , $iQiyi ( IQ.US)$ and other financial reports.

Niu Niu Chen read:

When a powerful large company encounters a huge but deflectable crisis, an excellent investment opportunity comes quietly.

– Buffett

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