U.S. stocks open: Nasdaq rises more than 40 points, most Chinese concept stocks rise, Douyu rises more than 5%
Financial World 2023-12-28 22:31:48
According to news from the financial world on December 28, investors are paying attention to the day’s economic data. At the same time, the news that analog chip stock Analog Devices announced a price increase boosted the performance of the chip sector and boosted the performance of the Nasdaq. U.S. stocks opened slightly higher, and the Dow rose. 0.01%, the Nasdaq rose 0.32%, and the S&P 500 rose 0.10%. Popular Chinese concept stocks generally rose. The Nasdaq China Golden Dragon Index rose nearly 2%, Douyu rose more than 5%, and the company announced a US$20 million stock repurchase plan; Bilibili rose more than 4%, and JP Morgan Chase held its position in it. The share ratio increased from 6.94% to 7.22%. JD.com rose more than 3%, and the company announced a significant salary increase next year. Xpeng Motors rose more than 5%, Li Auto rose 3.8%, and NIO rose 1.9%.
As of press time, the Dow Jones Index rose 32.34 points, or 0.09%, to 37688.86 points; the S&P 500 Index rose 8.95 points, or 0.19% to 4790.53 points; the Nasdaq Composite Index rose 49.85 points, or 0.33%, to 15149.03 points.
Morgan Stanley: Investor sentiment has reversed, and U.S. stocks are expected to continue to break upward
Andrew Slimmon, senior portfolio manager at Morgan Stanley, pointed out that U.S. stocks are expected to break through again as investors come out of the abyss of pain and switch strategies. He noted that market gains are expanding, which is a very optimistic sign for the market if you look back at history. At this critical moment, unless you want to escape reality, you will continue to be bearish. It is worth mentioning that the S&P 500 closed just shy of hitting an all-time high on Wednesday, demonstrating optimism that the stock market will rebound this year after a setback in 2022.
The small-cap stock index surged more than 17% during the month, driven by expectations of a Federal Reserve interest rate cut.force
After the Federal Reserve released a signal to cut interest rates, the Russell 2000 index of small-cap stocks has been on a tear this month, rising by more than 17%, significantly ahead of the three major indexes. Analysts say a continued surge in small-cap stocks in 2024 will depend on what the Fed does next with its key interest rate.
Will FED’s interest rate hike pay off?Regional Fed survey: U.S. labor market will cool in 2024
Surveys by several regional Federal Reserve banks, including those in New York and Dallas, show that U.S. employers expect to reduce hiring in 2024. This trend is expected to restrict wage growth and ease inflationary pressures. That suggests the Fed’s efforts to slow growth and curb inflation are filtering through to the economy.
Will the “recession alarm” sound again in 2024? UBS: Get ready for a “halved interest rate cut”!
UBS predicts that an economic recession in mid-2024 will prompt the Federal Reserve to begin to loosen monetary policy and carry out “cutting interest rates in half.” The bank expects the Fed to respond to falling inflation and recession by cutting interest rates by 275 basis points, which is nearly four times the cut expected by the market.
The Fed cuts interest rates ≠ crisis is over!Fitch warns: Get ready for a wave of corporate defaults
Fitch Ratings warned that corporate defaults in the United States and the euro zone will rise next year as the impact of central bank tightening continues to affect the broader U.S. and euro zone economies. The agency expects the Fed’s interest rate cuts to be much smaller than U.S. markets predict. Fitch expects the Fed to cut interest rates by 75 basis points by the end of next year, bringing the federal funds rate to 4.75%.
Tesla’s full-year deliveries in 2023 are expected to reach a new high, but it may face greater challenges next year
According to a survey of 14 analysts by LSEG, Tesla is expected to deliver 1.82 million electric vehicles globally in 2023, an increase of 37% from 2022, of which approximately 473,000 vehicles are expected to be delivered in the fourth quarter. But entering 2024, Tesla will have to face the challenge of losing tax credits for some of its models in the United States and Germany.
Breaking the 30-year pattern!NVIDIA’s revenue this year may surpass Intel and Samsung, ranking first in the industry
According to FactSet analysts, Nvidia is expected to achieve record revenue of $58.86 billion in 2023, a year-on-year increase of 118%. In contrast, Samsung Electronics’ full-year revenue from its semiconductor division is expected to drop 34% to $49 billion. $Intel (INTC.US)$ revenue is expected to drop 14.5% to $53.9 billion during the same period; Supermicro expects full-year revenue to fall to $22.63 billion from $23.6 billion in 2022.
MicroStrategy, a “crazy buyer” of Bitcoin, strikes again: its holdings are close to 1% of the total circulation
MicroStrategy said on Wednesday that it had purchased approximately $615.7 million worth of Bitcoin. So far, the total holdings of MicroStrategy and its subsidiaries account for nearly 1% of all Bitcoins in circulation, and it is also the listed company that currently holds the largest number of Bitcoins in the world. The stock has soared more than 350% this year, more than twice the rise of Bitcoin.
Global military giants are making “war fortune”: backlog of orders hits record high
According to an analysis by the Financial Times of 15 global military industry giants such as Lockheed Martin and Boeing, the total order backlog reached US$777.6 billion by the end of 2022, which was higher than US$701.2 billion in 2021, an increase of more than 10%. A record high, and the growth trend continued in the first half of this year.
Chilean Mining and Chemical Industry and Chilean National Copper Company reached a lithium mining agreement
Chilean Mining and Chemical Industry and Chilean National Copper Corporation announced a lithium mining cooperation agreement on Wednesday. According to the statement, the two companies agreed to form a new company to develop lithium in the Atacama Salar between 2025 and 2060. Chilean National Copper will hold a majority stake and the new company will begin its first phase of operations in January 2025.
It is the “Best of the Year” in the U.S. banking industry! JPMorgan Chase accounts for nearly 20% of the industry’s total profits
According to data from industry tracker BankRegData, JPMorgan Chase’s U.S. banking business achieved a profit of $38.9 billion, accounting for about 18% of the total profits of the U.S. banking industry. JPMorgan’s profits during the same period also exceeded those of its four largest competitors, Bank of America and Citigroup, combined.
Huge salary increase next year, JD.com rises before market opening
On the news, JD.com Group announced on the 27th that starting from January 1, 2024, the annual fixed salary of JD.com’s front-line business personnel such as procurement and sales will increase significantly by nearly 100%. In early 2024, the average salary increase of all JD.com retail employees will be no less than 20%. In addition, JD.com also followed up by “supporting users to only refund.”
Warning from the financial community: The content, data and tools in this article do not constitute any investment advice and are for reference only and do not have any guiding role. The stock market is risky, so be cautious when investing!
2023-12-28 14:31:48
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