Qiaoshui's Q1 favors technology stocks! Newly opened warehouses with Amazon and AMD, Pinduoduo and P&G have continuously reduced their holdings
Amazon was Qiaoshui's largest newly opened stock in the first quarter. After almost clearing its inventory last year, Apple's holdings were greatly increased again, and Pinduoduo and P&G's holdings were reduced for several consecutive quarters.
Futu Morning Post | NASDAQ hits a new closing high, WSB concept stocks are booming; Powell: The Federal Reserve needs to “wait patiently”
All of the Qiaoshui and Gao Lin position reports were released; Ali fell more than 6%, and adjusted net profit fell 11% year over year; Google launched a new version of the search engine with generative AI functions.
Ali conference call: Revenue will resume double-digit growth, with emphasis on sitewide promotion. Chinese consumers are showing their will to spend
Ali expects that the improvement of e-commerce user experience will drive strong domestic GMV growth in fiscal year 2025, and that overseas e-commerce will maintain a rapid growth trend.
US stocks closed | The three major indices rose, and the NASDAQ hit a new closing high! Game Station soared by more than 60%, and Tencent's ADR rose nearly 5%
Most star technology stocks rose, with Tesla rising more than 3%; popular Chinese securities had mixed ups and downs. Tencent's ADR closed up nearly 5%, and Alibaba dropped more than 6% after its results.
Shares of US-listed Chinese Stocks Are Trading Lower in Sympathy With Alibaba, Which Dropped After Mixed Q1 Earnings. Additionally, Biden Is Expected to Increased Tariffs Targeting Multiple Chinese Sectors.
Shares of US-listed Chinese Stocks Are Trading Lower in Sympathy With Alibaba, Which Dropped After Mixed Q1 Earnings. Additionally, Biden Is Expected to Increased Tariffs Targeting Multiple Chinese Se
US Stock Preview | Meme stocks continue to “boom” before the market! Game Station and AMC Cinemas both increased by about 100%
Damo: The US CPI cooling in April is just the beginning; inflation will slow down at an accelerated pace in the second half of the year; institutions: if inflation eases, the US dollar and US bond yields may fall; can they rise another 50%? Nvidia's new earnings report is about to be released, and the Wall Street price target is astonishing.
Alibaba Dips Despite Q4 Revenue Beat as Profit Falls
Alibaba's fourth fiscal quarter revenue was 221,874 billion yuan, up 7% year-on-year
Adjusted net profit of 24.418 billion yuan, a year-on-year decrease of 11%.
Tencent Non-GAAP EPS of RMB5.26, Revenue of RMB159.5B
Express News | Tencent Holdings: On March 31, 2024, the combined number of monthly active accounts on WeChat and WeChat was 1,359 billion, an increase of 3% over the previous year.
Tencent's Q1 revenue was 159.501 billion yuan, up 6% year-on-year
Adjusted net profit was $50.265 billion, up 54% year over year.
Overview of the Hong Kong market | Science index rose slightly by 0.57%; domestic housing stocks and coal stocks fell, Agile fell nearly 13%, and Yankuang Energy fell more than 7%
Many shares of TechNet rose; Bilibili rose nearly 5%, and Xiaomi rose more than 3%; auto stocks rose one after another; Great Wall Motor rose more than 7%, and Zero Sports Auto rose nearly 7%.
Tencent's big buyback attracted a lot of attention! Will the Hong Kong stock bull market add another spark?
Against the backdrop of relatively weak corporate profits and the macroeconomic environment facing uncertain expectations of interest rate cuts from the Federal Reserve, the technology company with the highest market capitalization in China is stepping up repurchases to increase shareholder returns.
Alibaba Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Alibaba Group Holding Limited (NYSE:BABA) is set to release earnings results for its fourth quarter before the opening bell on May 14.Analysts expect the China-based company to report quarterly earnin
Hong Kong Stock Afternoon Review | Tech Index rose nearly 1%, TechNet stocks and biotech stocks rose higher, Bilibili rose more than 6%, and Laikai Pharmaceuticals rose more than 12%
Auto stocks rose more than 6%; Great Wall Motor rose more than 6%; NIO and Zero Sports Auto rose more than 5%; many coal stocks fell sharply, Yankuang Energy fell more than 6%, and Shougang resources fell nearly 6%.
After the big rebound, the earnings reports of Ali and Tencent are here!
Buyback programs will be the focus of attention. Goldman Sachs said that Tencent's earnings report should also focus on game revenue and video channel advertising business. Ali's financial report should focus on Taotian GMV and profitability, and the growth of both cloud businesses is also worth looking forward to.
Intraday Overview | Tech Index rose more than 1%, and TechNet stocks were trending strongly. Bilibili rose more than 6%; Tencent Music rose more than 9% after its performance
Technology Network stocks rose collectively, with Bilibili up more than 6%, Kuaishou and Xiaomi Group up more than 3%; auto stocks improved, Great Wall Motor rose more than 7%, NIO rose nearly 6%, and Zero Sports Auto rose nearly 5%.
Futu Morning Post | Inflation expectations are picking up! The vice chairman of the Federal Reserve sticks to higher and longer; China Securities and Meme Stocks collectively exploded overnight
Beware of turbulent US stocks! Traders are betting that US stocks will fluctuate by nearly 1% after CPI and Nvidia's results are announced; OpenAI launches a faster and cheaper AI model for all users.
US stocks closed | Inflation expectations were bad for interest rate cuts. The Dow ended eight consecutive gains, and Game Station once surged over 110%
The S&P and Dow indices left their nearly six-week high levels, and the NASDAQ rebounded to a one-month high; Tesla closed up more than 2%, stopping four consecutive declines.
After a good start, the bank's personal business remained fatigued. Many grassroots outlets said it was becoming more difficult to develop a business, and it was becoming more and more difficult to complete the assessment
Recently, a number of grassroots branch people from different banks told the Financial Association reporter that after a good start in the first quarter, personal banking business remained weak in April. The specific signs were that it became more difficult to develop grass-roots business, and the decline in commission income from dropshipping and wealth management was the most typical example, and employee assessments and income were directly affected to varying degrees.