US stocks closed | PCE suspends inflation concerns, Google's performance soared more than 10% after that, and Nvidia rose more than 6%
The S&P Index rose 2.67% this week, and the NASDAQ rose 4.23%, all of which recorded the biggest weekly gain since November last year; the China General Index rose nearly 9% weekly, the biggest increase since July last year.
Chinese Tech Stocks Jump Amid Positive Earnings of US Giants Microsoft, Alphabet
Chinese tech stocks were in the green on Friday following quarterly earnings results of U.S. tech giants Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG) (GOOGL).
Express News | The State Press and Publication Administration released approval information for domestic online games in April. NetEase's new game is listed
Express News | China and the US reached a five-point agreement! The two sides announced that they will hold the first meeting of the Sino-US intergovernmental dialogue on artificial intelligence
95 domestic game editions have been approved again, and many listed game companies have made gains
The number of game versions has been distributed over 100 for 5 consecutive months. An agency source told the Financial Association reporter that the current supply of editions is in line with expectations, and the distribution pace continues to improve and is expected to continue.
A quick look at the Hong Kong market | Hong Kong stocks explode! The Ke Index rose nearly 5%; domestic housing stocks and auto stocks improved, Sunac China rose more than 15%, and Xiaopeng Motors rose nearly 9%
Technet stocks performed brilliantly. Kuaishou rose more than 7%, JD rose nearly 6%; biotech stocks generally rose, Tiger Pharmaceuticals rose more than 8%, and Pharmaceutical Biotech rose nearly 6%.
Hong Kong Stock Afternoon Review | Hong Kong stocks are rising all over the board! The Kee Index rose nearly 4%, while JD and Kuaishou rose nearly 5%
Auto stocks had the highest gains, with Zero Sports Auto and Xiaopeng Motors rising by more than 6%; petroleum stocks rose one after another, with CNOOC rising nearly 5% and CNOOC Services rising more than 4%.
Express News | Organization: In March, Chinese mobile game manufacturers attracted a total of 2.13 billion US dollars
Futu Morning Post | AI boosts performance significantly! Google soared more than 11% after the market, and Microsoft rose more than 4%
Google paid its first dividend, and Q1 revenue, advertising, and cloud revenue all accelerated; Microsoft's first-quarter earnings report overall exceeded expectations; Bank of America said Apple was still the first choice for investment in technology stocks in 2024.
US stocks closed | The three major indices collectively closed down. Nvidia reversed the market and rose nearly 4%, and Google rose more than 16% after the market
The S&P Index stopped three times in a row, the Dow fell two times in a row, Tesla rose 5%, fell 10% after Meta earnings report, the biggest decline in two years, Microsoft turned up and rose more than 5% after the market, and Intel fell 9% after the market.
The Nasdaq Golden Dragon China Index initially closed up 0.8%. New Oriental, a popular Chinese securities stock, partially recovered its losses last day. JD rose 1.2%, Baidu rose 0.7%, NetEase and Xiaopeng rose 0.1%, while Pinduoduo fell 1.3%, Ideal 1.7%,
The Nasdaq Golden Dragon China Index initially closed up 0.8%. New Oriental, a popular Chinese securities stock, partially recovered its losses last day. JD rose 1.2%, Baidu rose 0.7%, NetEase and Xiaopeng rose 0.1%, while Pinduoduo fell 1.3%, Ideal 1.7%, Station B fell 1.8%, and Canan Technology fell 6.2%.
網易-S:2023年度報告
A quick overview of the Hong Kong market | The Hang Seng Index and China Index rose slightly, domestic housing stocks and coal stocks strengthened, Agile Group rose more than 9%, and South Gobi rose nearly 13%
The trend of science and network stocks was divided. Bilibili rose nearly 2% and Meituan fell nearly 2%; non-ferrous metals stocks generally rose; China Aluminum rose nearly 6%, and China Hongqiao rose nearly 4%.
NetEase Weakness Could Spell Game Over for Higher Earnings Growth -- Market Talk
NetEase's earnings growth looks set to slow this year, dragged by the weak performance of the newly launched "Condor Hero" game and declining revenue from another title, "Fantasy Westward Journey", HSBC Global Research analysts say.
Hong Kong Stock Afternoon Review | Hang Seng Index rose slightly by 0.55%, Great Wall Motor rose nearly 10%, and Bilibili rose nearly 4%
Photovoltaic solar energy stocks rose one after another; Xinyi Solar Energy and GCL Technology rose nearly 3%; insurance stocks generally rose; China Taiping rose more than 4%, and China Ping An rose nearly 3%.
Futu Morning Post | Poor guidance, Meta plummeted nearly 15% after the market; Tesla's results soared 12% after the market, but investment banks were slightly cautious
J.P. Morgan said the time was ripe for further increases in US stocks; Qualcomm released the Snapdragon X Plus chip; and Boeing's credit rating dropped to the brink of garbage.
US stocks closed | The S&P Index surged three times in a row, and Tesla surged more than 12% after the earnings report
The Dow stopped four times in a row and fell 0.11%; Nvidia closed down 3.33%, and Meta's post-market earnings report fell more than 15%.
The Nasdaq Golden Dragon China Index initially closed up about 1%, with popular Chinese securities B up about 11%, Dada up over 7.2%, Jianan Technology, Land Control, and NIO up at least 3%, JD up 2.5%, NetEase 1%, Pinduoduo down 0.2%, Xiaopeng down 1.2%,
The Nasdaq Golden Dragon China Index initially closed up about 1%, with popular Chinese securities B up about 11%, Dada up over 7.2%, Jianan Technology, Land Control, and NIO up at least 3%, JD up 2.5%, NetEase 1%, Pinduoduo down 0.2%, Xiaopeng down 1.2%, Ideal down 3.9%, and New Oriental down 13.7%.
HSBC: Maintaining the NetEase (NTES.US) rating, adjusted from buy to buy rating, and adjusted the target price from $130.00 to $126.00.
HSBC: Maintaining the NetEase (NTES.US) rating, adjusted from buy to buy rating, and adjusted the target price from $130.00 to $126.00.
NetEase Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 04/24/2024 34.19% HSBC $130 → $126 Maintains Buy 04/12/2024 27.8% Morgan Stanley $135 → $120 Maintains Ove
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