Chinese Equities Bear Sentiment Is Still a Contrarian Play With Opportunities - BTIG
Cui Dongshu: Passenger car retail experienced a cyclical month-on-month decline in April
The passenger car market's retail performance in the first quarter of 2024 was strong, mainly due to base factors. Growth was weak in April, and there is still potential for a return to better growth in the future.
In April, sales volume was 2.36 million vehicles, and nearly 60% of A/H listed car companies declined month-on-month, and their own brands anchored overseas markets
① “Passenger car retail sales showed a cyclical month-on-month downward trend in April due to factors such as price instability. The new vehicle price war for new energy vehicles has brought about a certain increase, but it is not very sustainable and there is serious internal segmentation.” Cui Dongshu, Secretary General of the Passenger Federation, said in an analysis. ② Judging from SAIC Motor Group and GAC's “double decline”, the poor sales volume of fuel vehicles under the joint venture brand is the main reason for their current situation.
Jinglin Asset's US stock holdings revealed: Q1 drastically reduced its holdings in Pinduoduo and opened positions with Ali and JD
① In the first quarter, Jinglin increased its position on the three major “AI beneficiary stocks” of TSMC, Nvidia, and Meta, while also opening new positions in Chinese securities such as Alibaba, JD, and Tencent Music. ② However, in the first quarter, Jinglin drastically reduced its positions at Pinduoduo and Microsoft, while also clearing Google's inventory.
Institutions | The five most important issues in Hong Kong stocks
Looking ahead to the future market, we believe that the current round of gains in Hong Kong stocks is expected to continue, with the Hang Seng Technology Index gradually switching to a high-dividend sector. In the future, the pricing power for southbound capital is expected to increase dramatically, replacing the style where foreign capital dominates Hong Kong stocks. The main allocation of Hong Kong stocks this year is still the dividend sector, and the Science Network sector can focus on leading stocks that are improving.
Jinglin's Q1 US stock holdings revealed: Meta rose to the largest stock, opened positions with Ali and JD, and reduced its holdings in Pinduoduo
According to the documents, Jinglin Asset's Q1 US stock holdings reached US$3.23 billion, a slight increase from the previous quarter, and the concentration of the top ten holdings remained at 83.13%.
US stocks closed | The Federal Reserve hawked to suppress US stocks, the NASDAQ fell, the Dow still rose eight times in a row, and the Krypton debut soared more than 34%
S&P has declined in the short term several times. The Dow rose more than 2% this week, the biggest weekly gain in nearly five months. Tesla closed down 2% and fell four times in a row. Nvidia rebounded more than 1% after three consecutive declines, and TSMC's US stock, which saw a sharp increase in sales in April, rose 4.5%.
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth.
Xiaomi won the April car market traffic
The discount rate in the automobile market has reached a new high, yet inventory pressure has not decreased.
US stock outlook | The three major indices rose sharply, and Novavax Pharmaceuticals soared more than 110% before the market; Federal Reserve Bostic: The timing is uncertain, but interest rate cuts will still begin this year
Global funding preferences are changing! The popularity of tech giants subsided, and utility stocks were promoted to the “C position” of US stocks; demand for AI was strong, and TSMC's sales in April increased nearly 60% year over year.
Overview of the Hong Kong market | The three major indices rose sharply in the afternoon, and high-interest concept stocks such as domestic banks, domestic insurance, and coal were strong throughout the day! CCB rose nearly 7%, and China's Shenhua rose mo
The trend of TechNet shares was divided. Bilibili fell more than 2% and Ali rose more than 1%; domestic housing stocks continued to rise, with Shimao Group rising 60% and Xuhui Holdings rising more than 11%.
Hong Kong Stock Afternoon Review | The Hang Seng Index and China Index rose nearly 2%; domestic housing stocks and insurance stocks rose sharply, Shimao Group rose more than 58%, and China Taibao rose more than 8%
Technology Network stocks had mixed ups and downs. Kuaishou fell nearly 3%, and Ali rose more than 1%; bank stocks generally rose, and CCB and Agricultural Bank rose more than 6%.
One-chart preview | Strong rise ahead of performance! Tencent's earnings report is coming, can it help the stock price continue to be bullish?
Amidst the joy and encouragement of Hong Kong stocks, the earnings season for large technology stocks has quietly arrived. The “stock king” Tencent, which has received much attention from the market, is scheduled to announce the results for the first quarter of 2024 on May 14.
Futu Morning Post | Federal Reserve Voting Committee: Uncertainty about the inflation outlook is increasing; new news about Apple's AI strategy
Roblox, the “first stock in the metaverse,” plummeted by more than 22%, lowering full-year reservation expectations; Airbnb fell nearly 7%, and the Q2 revenue outlook fell short of expectations; the “Nvidia concept stock” SoundHound AI surged more than 15% after the market, and the Q1 earnings report exceeded expectations.
US stocks closed | Expectations of interest rate cuts boosted US stocks, the NASDAQ stopped two consecutive declines, and Amazon rose to a record high
Both S&P hit new highs for more than five weeks, and the Dow rose seven times in a row; China rallied strongly; Xiaopeng Motors rose more than 3% and NIO rose more than 2%.
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“618” big promotion Tmall, JD, Kuaishou cancel pre-sale! Consumers return to rational platforms, merchants seek change
Financial Services Association | New Consumer Daily, May 9 (Researcher Liang Youyun, Reporter Xu Cihao), getting closer to “618,” several major e-commerce platforms have begun to promote events and announced promotion strategies for this year.
US stock outlook | Bank of America: S&P 500 surges in election year or summer; Arm falls nearly 9% before the market
Are US stocks bullish the more you “buy” them? The wave of US stock buybacks has soared to a six-year high; chip recovery is spreading, and Nomura judged that the global semiconductor industry will enter an upward cycle.
Opinion | The market is moving forward amidst hesitation, and Hong Kong stocks are moving towards a bull market
The reason is also very simple: believe in common sense and believe in a return to the mean.
[Data review] Northbound capital increased its holdings for 8 consecutive days, and the turnover of military and new energy ETFs in the Ningde era increased dramatically month-on-month
① Among the top ten transactions of the Shanghai and Shenzhen Stock Connect, Ningde Times ranked third in net purchases. The stock has received net purchases from northbound capital for 8 consecutive trading days. ② Among the top ten ETFs with a month-on-month increase in turnover compared to yesterday, there were two military and three new energy-related ETFs. Among them, the turnover of military ETF (512660) increased 121% month-on-month.