As of the close of trading on April 25, 2024 local time, the three major U.S. stock indexes closed down. The Dow closed down 0.98% at 38,085.66, the Nasdaq closed down 0.64% at 15,611.76 and the S&P 500 closed down 0.46% at 5,048.44. The Nasdaq 100 Index closed down 0.55%, as of 14:37 on April 26, 2024, the Nasdaq 100 ETF (159660) rose 1.90%, the latest price was 1.4 yuan, and the intraday turnover has reached 13.8942 million yuan, with a turnover rate of 3%.
Image source: Wind
In the long run, as of April 25, 2024, the Nasdaq 100 ETF has risen by 17.47% in the past six months, ranking 3/12 of comparable funds. In terms of scale, the scale of the Nasdaq 100 ETF has increased by 5.2791 million yuan in the past two weeks, achieving significant growth, and the new scale ranks 1/12 of comparable funds.
From the perspective of net inflow of funds, the Nasdaq 100 ETF has received continuous net inflows of funds in the past 6 days, with the highest net inflow of 2.7748 million yuan in a single day, with a total of 12.3579 million yuan of "gold absorption" and an average daily net inflow of 2.0597 million yuan.
Image source: Wind
[Google and Microsoft have performed well, and their stock prices have soared after hours!]
On April 25, U.S. stocks bottomed out and rebounded, the Nasdaq 100 index fell 0.55%, and once fell 2% intraday, most of the technology stocks fell, TAMAMA technology index fell 1.24%, Tesla rose 4.97%, Apple rose 0.51%, Amazon fell 1.65%, Netflix rose 1.74%, Google fell 1.94%, Facebook fell 10.56%, and Microsoft fell 2.45%.
Google's parent company, Alphabet, announced its first-quarter earnings report, with revenue and net profit exceeding market expectations. Revenue was $80.54 billion versus $79.04 billion expected, and net profit was $23.662 billion versus $19.6 billion expected. Google Cloud, Google Ads, and YouTube all beat expectations in ad revenue. Google Cloud revenue was $9.57 billion, compared to an expectation of $9.37 billion. Google's advertising revenue was $61.66 billion, compared to an expected $60.18 billion. YouTube ad revenue in the first quarter was $8.09 billion, compared to an expectation of $7.33 billion.
In addition, Alphabet announced that its board of directors approved the initiation of a cash dividend of $0.2 per share, authorizing the repurchase of up to $70 billion in shares.
Spurred by strong earnings reports, Google rose more than 11% after hours. Microsoft reported earnings per share of $2.94 versus $2.83 expected, revenue of $61.858 billion versus $60.885 billion, and net profit of $21.939 billion versus $21.16 billion expected. Intelligent cloud revenue was $26.71 billion versus $26.25 billion expected.
Microsoft's U.S. stock rose more than 4% after hours. In terms of popular ETFs, the low-fee Nasdaq 100 ETF (159660) rose nearly 2%, and has been absorbing gold in the past 6 consecutive days, with a total net inflow of more than 12.36 million yuan!
[U.S. economic data slowed down, hitting interest rate cut expectations again]
U.S. GDP and core PCE price data hit interest rate cut expectations hard, and U.S. Treasury yields rose more than 10 basis points intraday to a five-month high. The U.S. dollar index, which hit a new low in nearly two weeks, once turned higher.
Specifically, the preliminary annualized quarterly rate of real GDP in the first quarter of the United States rose by 1.6%, with an expected increase of 2.4%, and the final value in the fourth quarter of last year increased by 3.4%, the revised value increased by 3.2%, and the preliminary value increased by 3.3%.
The core PCE price index in the United States rose 3.7% month-on-month on an annualized basis in the first quarter, with an expected increase of 3.4%, and the final value in the fourth quarter of 2023 rose by 2.0%, the revised value increased by 2.1%, and the preliminary value rose by 2.0%.
According to the agency, these figures indicate a significant weakening of economic momentum in early 2024 after an unexpectedly strong growth in the previous year. As inflation picks up, the FOMC may be under pressure to further delay rate cuts, even considering whether borrowing costs are already high enough.
Market analysts believe that the strong performance of technology stocks is related to a series of recent positive news for the US technology industry. Recent earnings reports from U.S. tech giants have exceeded market expectations, showing the strong growth momentum of the U.S. tech industry. In addition, the continued growth in demand from the technology sector as the global digital transformation accelerates, also providing support for the rally in technology stocks.
At the same time, the Nasdaq 100 ETF also has a corresponding feeder fund (Class A: 018966; Class C: 018967), and China Universal Fund is confident to purchase more than 10 million yuan!
[Hundreds of billions of dollars of institutions have increased their positions in Nasdaq technology giants]
Canada's largest pension investment institution, the Canada Pension Plan Investment Board (CPPIB), filed a 13F file with the SEC, DISCLOSING ITS U.S. stock holdings data for the fourth quarter of 2023, buying Microsoft, Apple, Broadcom and other technology stocks.
Specifically, according to the 13F report, as of the end of 2023, CPPIB held a total of 1,085 securities, with a market value of about $79.2 billion, an increase of about $10.8 billion (+15.78%) from the previous quarter; ), increased its holdings in T-Mobile US$192 million (51.04%).
此外，富达（FMR）、北方信托（Northern Trust）、摩根大通（JPMorgan Chase）、富国银行（Wells Fargo）、富兰克林资源公司（Franklin Resources）等千亿美元级别机构13F持仓，都将微软、苹果、英伟达、Alphabet等股票作为重点头寸。
Fidelity Management & Research (FMR) disclosed the 13F position report in the fourth quarter of last year, showing that the total market value of the institution's stock holdings at the end of the fourth quarter was $1,182.578 billion. The top five heavy stocks in terms of market capitalization are Microsoft (6.96%), Apple (4.88%), Nvidia (4.37%), Amazon (4.06%), and Google-A (2.68%).
According to the 13F position report disclosed by Franklin Resources in the fourth quarter of last year, the total market value of the institution's stock holdings at the end of the fourth quarter was $201.067 billion, an increase of 6.00% quarter-on-quarter. The top 5 heavyweights ranked by market capitalization are Microsoft (4.74%), Amazon (2.5%), Apple (2.09%), Nvidia (1.96%), and Google-A (1.61%).
From the perspective of asset allocation, investing in global technology giants can help domestic investors effectively diversify risks to a certain extent, and in the short term, in the context of overseas interest rate cuts, the market of U.S. technology stocks is worth looking forward to. The Nasdaq 100 ETF (159660) and Connect A (018966) and Connect C (018967) are effective tools for one-click placement of U.S. technology stocks.
Nasdaq 100 ETF (159660) tracks the Nasdaq 100 index, under the wave of artificial intelligence, the world's AI field layout and accumulation of the most leading, the deepest technology giants are still concentrated in the NASDAQ, such as Microsoft, Apple, Google, NVIDIA, Meta, etc., these AI giants are all the top ten weighted stocks of the NASDAQ 100 index without exception, and the top ten weights of the NASDAQ 100 index account for more than 46.5%, and the leading attributes are concentrated. The management fee of the Nasdaq 100 ETF (159660) is 0.5%/year, which is significantly lower than the mainstream fee structure in the market.
(Risk Warning: The above index constituent stocks are for display only and do not represent any form of stock recommendation!)
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