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Good morning, readers and friends, A shares will open in a few hours, at the end of the month, a few days have slightly recovered a part, there is still a way to make money in the future, don't be anxious, as long as the direction is right, then we will stick to it! Okay, let's go directly to today's morning review
Overnight performance:
The three major U.S. stock indexes collectively closed down on Thursday, with the Dow falling nearly 1%, and the Dow Jones Industrial Average falling 375.12 points from the previous trading day to close at 38,085.80, or 0.98 percent, the S&P 500 stock index falling 23.21 points, or 0.46 percent, to close at 5,048.42 points, and the Nasdaq Composite Index falling 100.99 points, or 0.64 percent, to close at 15,611.76.
Large technology stocks were mixed, Meta fell more than 10%, and its market value evaporated by about $130 billion, the company's Q1 performance exceeded expectations, but Q2 revenue guidance fell short of expectations, and capital expenditures are expected to increase sharply throughout the year; IBM fell more than 8%, Microsoft fell more than 2%, Google, Amazon fell more than 1%, Tesla rose nearly 5%, Nvidia rose more than 3%, Netflix, Intel rose more than 1%. In terms of after-hours financial reports, Microsoft's revenue in the third fiscal quarter was higher than expected, and AI-driven growth made Microsoft's key indicators and businesses in the current quarter exceed expectations, of which the overall Microsoft cloud revenue increased by 23% year-on-year to $35.1 billion, intelligent cloud revenue increased by 21% to $26.7 billion, and Azure revenue accelerated quarter by quarter, making the stock price rise by more than 5% after hours; Alphabet's first-quarter revenue was higher than expected, and it announced a dividend and increased share buybacks, Google's U.S. stock price rose more than 16% after hours, and Intel's second-quarter revenue outlook was lower than expected, and its stock price fell nearly 8% after hours; Snap's fiscal second-quarter revenue outlook was higher than expected, and shares rose more than 23%.
Popular Chinese concept stocks were mixed, with the Nasdaq China Golden Dragon Index up 0.75%. Tencent Music and JD.com rose more than 1%, while Baidu, Alibaba, and NetEase rose slightly. Bilibili, Li Auto, Futu Holdings, Pinduoduo, and Weibo fell more than 1%, while NIO and Vipshop fell slightly.
Interpretation of important news affecting A-shares:
1. China Merchants Securities: It is expected that A-share earnings are expected to improve quarter-by-quarter in 2024
There will be no bull market in A-shares in 24 years, more of a phased market, for example, up for 1-2 months, then down for a few months, and then continue to rise, the overall is back and forth fluctuations, to be ready to sell high and buy low, so far this year, January fell sharply, February rose, March and April fell, 5-6 months should rise a wave, and then then the shock adjustment for a few months, earn and run, late discount legs.
2. Passenger Association: New energy retail sales in April are expected to be about 720,000 units, a year-on-year increase of 37.1%, and the penetration rate can reach 45%
The overcapacity situation of the new energy vehicle industry has not improved, coupled with the price war of domestic car companies this year, the new energy vehicle industry is still very severe, the new energy vehicle fell by 50% in the past few years, although there will be no room for decline this year, but the new energy vehicle will rise very slowly, and the dragon will lie down and wait for the rise.
3. Dan Bin's products fell by more than 10% in a week!
With the sharp pullback in Nvidia's share price last week, many of the recent 10 billion private equity Danbin Oriental Harbor's products fell by 10% in a week, and many market participants believed that the net value of Oriental Harbor last week was related to its heavy position in Nvidia, but Bin said, "Nvidia's decline has an impact on us." However, it has risen for two days (net value) back a lot, maybe the week that fell last week will rise back, if (Nvidia) quarterly performance is good, (stock price) may break through and stand above 1,000 yuan. Isn't this just a hard mouth, obviously taking over Nvidia at a high level, Nvidia rose 240% last year, and it also rose 60% this year.
4. Hu Xijin: Newly bought stocks continue to become black swans The stock market has taught me a lesson
Lao Hu said, the important thing is that I don't have enough research on the newly bought stocks, and there is no time to keep an eye on the market, it is difficult to grasp the band, Dalong can only say, if you have time to keep an eye on the market, you will only lose more, Lao Hu finally knows the sinister of the stock market, you can't buy it at all, you can't buy it all, this is actually the problem of the stock market, no matter who comes, you have to lose.
5. Traders postponed the Fed's first interest rate cut until December
US GDP growth of 1.6% in the first quarter announced on Thursday night was significantly lower than expected, and the rate cut is postponed again.... Originally, the market expected a rate cut in May, then postponed to June, then postponed to September, and now postponed to December.
6. Guolian Securities: It is planning to acquire Minsheng Securities by issuing A shares, and the stock is suspended
This news is good for brokers, but it is only good for the short term, no bull market, no brokerage, no bull market this year, it is difficult for brokerages to have a big market, although at a low level.
7. 7 Memory Chip Listed Companies Disclose First Quarter Results Montage Technology's net profit increased by more than 10 times year-on-year
Semiconductor chips and other quarterly reports have also come out, and the current performance is good for semiconductors, but last night the U.S. stock technology sector fell sharply, a bad and a negative, see who is useful, semiconductors have fallen for 2 months, the whole is at a low level, there is no need to worry too much.
Today's A-share trend ideas
Remind everyone that at the end of April, Dalong will start to buy the bottom! In the near future, there will be 100,000 additional operations, and the short-term resistance of the Shanghai Composite Index is 3,100 points, so it depends on the breakthrough after the holiday! It is a little difficult before the holiday.
OK, that's the news, at present, A-shares are also slowly picking up, but please remember not to think about a few days to rise all the early falls, this is a few months long process, let's keep falling fixed investment and increase positions, up to take a good idea first, as long as the direction is right, everything will be fine, persistence is victory!
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