The high-profile financial report of technology stocks will debut this week. US stocks on Monday (25th), the Dow Jones Industrial Average dropped more than a hundred points or 0.4% at the opening, the S&P 500 index rose 0.3%, and the fee rose nearly 1%. On the eve of its earnings report, Apple soared nearly 4%, pushing the Nasdaq index up 1.4%.
Netflix(NFLX-US) The excellent performance of the financial report released last week has aroused investors’ optimism about the next financial report of technology stocks. Apple (AAPL-US) Monday opened nearly 4%, Microsoft (MSFT-US) And Facebook (FB-US) Rose 1.6% and 1.9% respectively.
On the other hand, US President Joe Biden is still urging Congress to pass 1.9 trillionUSDThe current stimulus plan is still being opposed by some Republican lawmakers. In addition, Biden also plans to sign an executive order on Monday to tighten federal agencies’ procurement rules for American-made products and thoroughly implement the “Buy American” plan.
At the same time, the number of confirmed cases of the new coronavirus in the United States continues to increase. According to data from Johns Hopkins University, there were more than 130,000 new diagnoses in the United States on Sunday (24th), with a total of 25.13 million diagnoses, and 1776 new deaths on Sunday, with a cumulative death of more than 400,000.
As of Monday (25th) 22:00, Taipei time:
- 130.47 points or-0.42% under the Dow Jones Index, and 30866.51 points temporarily
- Nasdaq rose by 182.27 points, or 1.35%, temporarily at 13,725.34 points
- The S&P 500 Index rose 12.42 points, or 0.32%, to 3853.89 points temporarily
- Fees and a half rose by 30.14 points or 0.98%, temporarily at 3104.55 points
- TSMC’s ADR rose 1.12% to 130.59 per share USD
- The 10-year U.S. Treasury yield fell to 1.067%
- New York light crude oil fell 0.23% to 52.15 per barrel USD
- Brent crude oil fell 0.16% to 55.32 per barrel USD
- Gold rose 0.39% to 1,863.40 per ounce USD
- USDThe index rose 0.09% to 90.29 points
Focus stocks:
GameStop(GME-US) Rose 50.82% in early trading to 98.05 USD。
In the duel between retail investors and hedge funds, the retail investors seem to have won. Game retailer GameStop’s explosive growth has not diminished. The company has risen by 51% last Friday (22nd), and by 245% in January alone.
However, the investment company Telsey believes that GameStop’s gains have deviated from the fundamentals, and the current high valuation and stock price levels may not be sustainable. Telsey downgraded GameStop stock twice on Monday, saying that there is a disconnect between fundamentals and valuation.
AMC(AMC-US) Rose 27.35% in early trading to 4.47 USD。
Global theater leader AMC said it is raising 917 million yuanUSDAfter the additional liquidity, the company no longer faces the risk of bankruptcy.
AMC said on Monday that it has raised 506 million yuan through new issuance of ordinary sharesUSDfunds.At the end of last year, AMC announced that it had obtained 100 millionUSDAdditional first lien debt guarantee, and will be worth 100 millionUSDThe second lien debt guarantee was converted into stocks, and nearly 22 million new common shares were issued.
blackberries (BB-US) Rose 36.18% in early trading to 19.12 USD。
Since the announcement with Facebook (FB-US) After the settlement of patent disputes, BlackBerry has continued to gain momentum this month. In addition to the news of the settlement, the outside world has continued to pay attention to the partnership between BlackBerry and Amazon. The company announced at the end of last year that it would cooperate with Amazon to develop an automotive data platform.
Daily key economic data:
- The Chicago Fed National Activity Index for December will be announced at 23:30 in the evening, Taipei time. The previous value was 9.7
Wall Street analysis:
Thomas Hayes, chairman of Great Hill Capital, said that everyone is now looking at technology stocks because they will pick up some of the growth momentum that has been lost in recent months.
In addition to the optimism about the financial reports of technology stocks, Hayes further stated that investors will continue to pay attention to whether Congress promotes the much-anticipated bailout bill.
Nicholas Frappell, global general manager of ABC Bullion, said that the biggest risk event this week was the Federal Reserve (Fed) interest rate decision. He thinks the Fed may be slightly conservative and will wait for more data to be released before making a decision.
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