Review the hot spots of the week for US stocks and look forward to the market opportunities next week. Please follow Fortune's "US Stock Weekly-Weekly Review & Prospect". We will see you every week.
The Dow and S & P 500 fell slightly this week, while the Nasdaq closed slightly higher. The epidemic in the United States once again affected the hearts of the market. New York closed schools, Los Angeles prepared to close the city, and many states were in a hurry. Pfizer and BioNTech asked FDA to urgently approve its COVID-19 vaccine.
The second rebound of the global epidemic has become a fait accompli. When will the COVID-19 vaccine be put into use?
-Eric, a US stock intelligence agent
Review of the market this week
The script is familiar, it's also a vaccine, it's also Monday.，Moderna announced that the effectiveness of the phase III trial vaccine was 94.5%.The Dow, represented by value stocks, began to stir, while the Nasdaq, represented by technology stocks benefiting from the epidemic, met Waterloo again.In the middle of the week, however, the epidemic intensified in the United States and schools were closed in New York.Technology stocks have rebounded. The Nasdaq barely closed higher this week, while the S & P 500 and the Dow fell slightly.
On Friday, there were 666000 new COVID-19 cases worldwide and 196000 new record cases in the United States. Los Angeles may issue an epidemic lockdown order as early as November 22.
The Labor Department said on Thursday that the number of initial claims for unemployment benefits this week was 742000, higher than the 710000 expected by economists surveyed by Dow Jones.
This is the first week-on-week increase since the number of initial jobless claims fell for four consecutive weeks.At a time when the number of COVID-19 cases in the United States continues to set a record, the outlook for the US job market is still uncertain.Economists worry that increased restrictions on economic activity could cause unemployment to rise again.
Review of hot spots in the market
1. Pfizer vaccine will be put on the market as early as December. Request urgent approval from FDA.
Pfizer's final analysis of clinical trial data showed that the effectiveness of its COVID-19 vaccine was 95%.This paves the way for the company to apply to US regulators this week for approval of the COVID-19 vaccine.
The US drugmaker and its partner BioNTech SE say their vaccine protects people of all ages and racesSo far, there have been no obvious safety problems in a trial involving nearly 44000 participants.
Pfizer and BioNTech asked FDA to urgently approve its COVID-19 vaccine.
2. Is the Dow 40,000 points not a dream in 2021? Wall Street is bullish on value stocks
Patrick Spencer, vice president of equities at Baird, an investment bank, thinks the Dow could reach the 40, 000 mark by 2021.
On Wednesday, he explained on the CNBC programThere are more value stocks in the Dow than growth stocks, and value stocks are expected to perform better when the market stabilizes.
There are still many people disappointed to enter the market, many people remain silent about entering the market, and the stock market is still generally unpopular. We think the Dow could reach 40000 next year because the composition of the index values value stocks rather than growth stocks.
-Patrick Spencer, Vice Chairman of Baird's Equity Business
3. The return of the King of Bitcoin! Break through the $18000 mark and challenge the historical record
Bitcoin has soared this year to a three-year high, a frenzied rally reminiscent of the 2017 surge.
According to CoinDesk data,Bitcoin is currently worth 18714 dollars, the highest level since 2018. The cumulative increase this year is more than 160%!
Industry insiders say the sharp rise in Bitcoin is caused by many factors.Including COVID-19-related government stimulus measures leading to inflation expectations, as well as the interest of big-name investors, and so on.
4. Buffett Q3 built a large number of vaccine stocks and reduced his holdings of bank stocks.
Buffett's Berkshire Hathaway is betting on big pharmaceutical companies.
According to the 13F file,Berkshire Q3 built positions in Merck Sha Dong and Pfizer, while increasing its holdings in Aberdeen and Bristol-Myers Squibb. At the same time, Berkshire continued to reduce its holdings in banks such as Wells Fargo and JPMorgan Chase.
Although Berkshire has slightly reduced its holdings of Apple in Q3.But Apple still accounts for 47.78% of Berkshire's portfolio.。
5. Softbank Corp. CEO Masayoshi son: 80 billion US dollars have been set aside to make a bottom when the crisis comes.
Softbank Corp. CEO and founder Masayoshi son saidHe actively sold assets this year to deal with the "worst-case scenario" in which a second outbreak could paralyze the world.Son said his initial goal was to sell about $40 billion in assets this year, but eventually sold about $80 billion in assets to provide liquidity to the company in the event of a global emergency.
Softbank Corp. 's biggest asset sale list includes the sale of semiconductor company ARM to Nvidia for $40 billion and his stake in the newly formed T-Mobile company for $20 billion.
Son saidIf the market falls, Softbank Corp. can use the money to buy undervalued assetsOr buy back more shares.
In this case, anything can happen. Of course, COVID-19 vaccine is coming. But who knows what will happen to the market in the next two or three months?
Softbank Corp. CEO and founder Masayoshi son
Review of company hotspots
1. Tesla is included in the S & P 500index, helping the stock price reach a new high.
This week, due to COVID-19 vaccine news, science and technology leading stocks once again encountered Waterloo, the previous cumulative huge increase in technology stocks appeared a sharp pullback, with the exception of Tesla.
After the US stock market opened on November 16thStandard Standard & Poor's Dow Jones Indices announced that Tesla will be included in the S & P 500 before Monday, Dec. 21.It is undoubtedly a big boon for investors to be included in the most influential index of US stocks, as it leads to huge passive capital purchases.
2、Futu Q3 financial report: net profit increased 16 times compared with the same period last year, completing more than 300 million US dollars in additional issues during the period.
Rich wayTotal revenue was US $122 million (about HK $950 million), an increase of 272% over the same period last year.It has achieved three-digit year-on-year growth for three consecutive quarters.
Gross profit was US $98.6 million (about HK $760 million), up 314% from a year earlier, while net profit under non-US General Accounting Standards (Non-GAAP) was US $52.6 million (about HK $410 million), a year-on-year increase of more than 1600%.
In the third quarter, Fortune ushered in a number of business milestones:The number of customers of Fortune exceeded 1 million, the number of registered users of Futu Niuniu App exceeded 10 million and the transaction volume in a single quarter exceeded HK $1 trillion.
3. The strongest growth rate of semiconductors! Nvidia has full firepower.
Nvidia, the latest financial player among the three swordsmen of semiconductors in the world, finally handed in the answer paper, in the words of CEO Huang Renxun."full firepower". In the first year of the game era, the game industry chain has experienced unprecedented prosperity. Game graphics card giant Nvidia, naturally will not miss the opportunity to fly downwind.
Nvidia Q3 Financial report Summary:
Revenue was 4.726 billion US dollars, an increase of 57% over the same period last year and 22% month-on-month.For two consecutive quartersSet an all-time high.
GAAP gross profit margin was 62.6%, down 1 pct from the same period last year, while the month-on-month growth was 3.8 pct, maintaining an all-time high.。
GAAP's net profit was US $1.336 billion, up 49% from the same period last year and 115% from the previous month.Set an all-time high.
Non-GAAP 's net profit was US $1.834 billion, up 66% from the same period last year and 34% from the previous month.For two consecutive quartersSet an all-time high.
Q4 revenue guidance is 4.8 billion US dollars, an increase of 55% over the same period last year.Or it will be created for three consecutive quarters.An all-time high.
Comparison of quarterly data between Nvidia and AMD (in millions of US dollars)
Mellanox Q3 surprise supply Huawei, so Q4 revenue will face a big decline, but management said it can still achieve year-on-year growth of 30% +.Due to the influence of Mellanox, Nvidia's Q4 data center guidelines fell slightly month-on-month, leading to a fall in share prices in after-hours trading.In fact, do not be pessimistic, Nvidia said that the computing business can still achieve month-on-month growth.
4. B station rose sharply after the performance! Market capitalization crushes iqiyi
According to the financial report, bilibili's Q3 revenue was 3.23 billion yuan, up 74% from the same period last year, but the net loss surged 171% from the same period last year to 1.1 billion yuan.
Bilibili's Q3 MAU rose again to 197 million, an increase of 54% over the same period last year, and exceeded 200 million in August. MAU220 million in 2021 is expected to be achieved ahead of schedule, and management will update its user growth target for the next few years at the beginning of next year. In terms of retention, the retention rate of DAU/MAU and 80% + remains stable.
Bilibili's game business, value-added service business, advertising business, e-commerce and other businesses all increased significantly in the third quarter compared with the same period last year.In particular, advertising revenue, which has been criticized for a long time, accelerated for the sixth consecutive quarter, with a sharp increase of 126% in the third quarter compared with the same period last year.With a record of 560 million yuan, a breakthrough has been made, providing evidence for its liquidity ability.
The eye-catching user data and the "age-old" problem-the breakthrough growth in the advertising business-is what investors really want.
5. Muddy Waters shorted YY, saying that almost all of the live broadcast revenue was faked.
Muddy Waters, a short seller, said publicly that Huanju Times was a "fraudulent technology company", claiming that 90 per cent of its revenue from its live broadcast business was fake and that 80 per cent of its overseas business Bigo Live was fake.On the eve of shorting, Baidu announced that it would buy Huanju's YY Live for $3.6 billion (23.6 billion yuan).
However, among Muddy Waters' allegations of fraud, Baidu's most valued core asset is suspected of fraud. The Muddy Waters accusation mainly includes three aspects:
50% of the virtual gifts rewarded by the Huanju platform come from the company's own servers, and 40% come from external robots or anchors' own "internal loops".
In the case of fake virtual gifts, the income of the VJ at the head of the platform is actually not as high as the outside world thought.
The guild is involved in fraud. According to the comparison of the Huanju financial report and the corporate credit report of the five major guilds, it is found that the actual income of the guild in 2018 is less than 15% of the amount announced by Huanju.
YY official saidMuddy Waters is questioned because it does not understand the business model of the entire live broadcast industry. JOYY-related operation data are available for reference in the same industry, which is in line with the logic of the industry.Live broadcast has become an important means of income in the Internet industry. There have been a number of well-known Internet listed companies, live broadcast as the main source of income.
The prospect of hot spots next week
The following are the US stock companies that will release their results next week (November 23-November 27):
Small cars are also a new source of energy, Mavericks' electric financial report is coming.
New energy bulls, which have risen more than three times this year, Mavericks electric financial report is about to be announced.
Mavericks Electric has handed in a satisfactory answer this year, both in the domestic market and in the international market. Mavericks Electric sold 250889 smart electric vehicles in the third quarter, up 67.9% from a year earlier.
Us stocks will be closed for Thanksgiving next week.
Us Eastern time is closed on Thursday for Thanksgiving. The market will close three hours early on Friday, that is, at 2: 00 a. M. Beijing time on Saturday.
The following is next week(23 November-27 November)Important data and events:
These are all the contents of this issue of US Stock Weekly. Thank you for your reading and sharing. We will see you next week. If you have any suggestions, you are welcome to leave a message in the comments area.