Chinese Tech Earnings Season Kicks Off: Will JD.com, Tencent, or Alibaba Lead the Rally?
BOCOM INTL: Currently, most Company Valuations are below the average level for 2024. Bullish on Alibaba-W and others.
BOCOM INTL released a Research Report stating that due to overseas uncertainties, most Company Valuations are currently below the average level for 2024. The bank is Bullish on companies with stable performance and opportunities for valuation enhancement driven by AI, such as Alibaba-W (09988), TENCENT (00700), NTES-S (09999), TRIP.COM-S (09961), and MEITUAN-W (03690). This month, Chinese concept and Internet companies will gradually announce their first quarter results. As e-commerce benefits from the expansion of national subsidies to drive demand, the bank expects the industry's Commodity gross merchandise volume (GMV) growth rate to increase by 6% year-on-year, among which Alibaba
PDD Holdings' Temu Likely to Face Challenges Amid Tariff Tensions
Hong Kong stock morning report | The Federal Reserve maintained interest rates, and the three major U.S. indexes closed higher. China Concept Stocks broadly declined.
① The Federal Reserve maintained the benchmark interest rate, which met market expectations. ② Federal Reserve Chairman Powell stated that the impact of tariffs is greater than expected and there is no rush to cut interest rates. ③ The three major indexes of the U.S. stock market closed higher, while China Concept Stocks generally fell. ④ The central bank stated that it will make every effort to promote the implementation of a package of financial policies. ⑤ International crude oil and Gold Futures prices fell more than 1%.
U.S. stocks closed with the three major Indexes fluctuating higher, with Google plummeting more than 7%. The Bullish support from the AI Chip helped NVIDIA.
① Apple is promoting a shift to AI search for Safari, causing Google's stock price to fall over 7%; ② Disney's stock price skyrocketed nearly 11%, with the company's second fiscal quarter profits exceeding expectations; ③ NVIDIA rose over 3%, with reports that the USA is considering lifting AI Chip export restrictions.
China Lowers Rates and Makes Bank Lending Easier in Response to Tariffs
China Central Bank Cuts Rates to Boost Economy Amid Tariff Threat
Express News | China's Official: Will Lower Interest Rates on Structural Policy Tools by 25 Bps; Guide Commercial Banks to Lower Deposit Rates; To Help A-Share Listed Companies Affected by Tariffs to Cope With Difficulties
Express News | In Overnight Trading, U.S.-Listed Chinese Stocks and ETFs Surge After China's Official Announces Series of Policies; DUO Surges 17%, BEKE Rises 4%; Alibaba, JD and Bilibili Rise 2%, YINN Up 4%, CWEB Rises 3%
U.S. Treasury Secretary and USTR to Meet With Chinese Counterparts Amid Possible Break in Trade War
U.S. stocks closed: Trade uncertainty rises, and the three major Indexes collectively declined.
① The CEO of NVIDIA stated that the AI market in China is expected to reach 50 billion dollars; ② AMD's revenue in the first quarter was 7.44 billion dollars, a year-on-year growth of 36%; ③ Super Micro Computer's net sales in the third quarter were 4.6 billion dollars, falling short of expectations.
U.S. stocks closed: The three major Indexes all fell, with Berkshire dropping over 5%.
① Apple issued bonds for the first time in two years; ② The Board of Directors of Berkshire Hathaway voted to appoint Abel as CEO, while Buffett continues as Chairman; ③ The reorganization plan of OpenAI had to change and will continue to be controlled by a nonprofit entity.
PDD Holdings Inc. (PDD): Among Billionaire Chase Coleman's Stocks With Huge Upside Potential
Today's Pre-Market Movers and Top Ratings | NFLX, BRK.B, GOLD and More
Trending Stocks Today | NuCana Surges 125.98% Pre-Market
Recent Uptick Might Appease PDD Holdings Inc. (NASDAQ:PDD) Institutional Owners After Losing 21% Over the Past Year
Express News | 'US Lawmakers Urge SEC to Delist Alibaba and Chinese Companies'- Financial Times
PDD Holdings Options Spot-On: On May 2nd, 78,380 Contracts Were Traded, With 1.37 Million Open Interest
4 Consumer Discretionary Stocks Whale Activity In Today's Session
Temu Stops China Shipments to U.S. Consumers -- WSJ