USA Market Outlook: NVIDIA denies rumors of China supply halt, Tesla continues to rise, Morgan Stanley raises Target Price
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Here is tonight's analysis of NY stocks.
Market Overview
The U.S. market started with the Dow Jones Industrial Average, which consists of high-quality stocks, up $20.10 to 44,168.66. The Nasdaq Composite Index, which has a high proportion of technology stocks, started down 87.55 points at 19,947.34. The S&P 500 Average, which consists of 500 large-cap stocks in the U.S., started down 9.90 points at 6,074.29.
The U.S. market started with the Dow Jones Industrial Average, which consists of high-quality stocks, up $20.10 to 44,168.66. The Nasdaq Composite Index, which has a high proportion of technology stocks, started down 87.55 points at 19,947.34. The S&P 500 Average, which consists of 500 large-cap stocks in the U.S., started down 9.90 points at 6,074.29.
Top News
U.S. November PPI rose by 0.4% month-on-month, exceeding expectations, reinforcing speculations of a U.S. rate cut.
【Indicator Flash Report】 USA November Producer Price Index (PPI) exceeds expectations with a 0.4% increase compared to the previous month.
announced by the US Department of LaborNovember's Producer Price Index (PPI)、compared to the previous monthisIncreased by 0.4%Exceeded the market expectation of 0.2% increase, InflationThere is a growing view that the progress in inflation control is slowing down.Increased by 3.0% compared to the previous year, the largest growth since February 2023. According to the Ministry of Labor...It became the largest increase since February 2023. According to the Labor Department, 80% of this increase is attributed to a 3.1% rise in food prices.
U.S. November PPI rose by 0.4% month-on-month, exceeding expectations, reinforcing speculations of a U.S. rate cut.
【Indicator Flash Report】 USA November Producer Price Index (PPI) exceeds expectations with a 0.4% increase compared to the previous month.
announced by the US Department of LaborNovember's Producer Price Index (PPI)、compared to the previous monthisIncreased by 0.4%Exceeded the market expectation of 0.2% increase, InflationThere is a growing view that the progress in inflation control is slowing down.Increased by 3.0% compared to the previous year, the largest growth since February 2023. According to the Ministry of Labor...It became the largest increase since February 2023. According to the Labor Department, 80% of this increase is attributed to a 3.1% rise in food prices.
Excluding food and energy,November's core Producer Price Index (Core PPI)、compared to the previous monthisIncreased by 0.2%、Market expectations increase by 0.2%。
After the US PPI is announced, according to CME's 'Fed Watch', the probability of the FRB cutting interest rates by 25 basis points in December has risen to 98.1%, with the probability of keeping rates around 1.9%.
Broadcom, announces fourth-quarter earnings in 2024
US Semiconductor Giant $Broadcom (AVGO.US)$After the market closes on the 12th, it is scheduled to announce the earnings for the fourth quarter of 2024.
US Semiconductor Giant $Broadcom (AVGO.US)$After the market closes on the 12th, it is scheduled to announce the earnings for the fourth quarter of 2024.
According to MOOMOO, Broadcom is expected to have an EPS of $0.70, a decrease of 14.91% compared to the same period last year.The revenue increased by 51.33% year-on-year to 14.066 billion dollars.、AI revenue is expected to increase by 10% from the previous period to $3.5 billion.。AI revenue is expected to increase by 10% from the previous period to $3.5 billion.Bank of America analyst believes that due to Broadcom's advantage in AI, future earnings are expected to increase significantly. Over the next few years, it is expected that revenue in the AI segment will experience significant growth.
Costco to announce first-quarter earnings for 2025
American membership-based warehouse retailer $Costco (COST.US)$plans to announce the first-quarter earnings for 2025 after the close on the 12th. There is a possibility it may reflect the initial impact of the membership fee increase.
American membership-based warehouse retailer $Costco (COST.US)$plans to announce the first-quarter earnings for 2025 after the close on the 12th. There is a possibility it may reflect the initial impact of the membership fee increase.
According to analysts, the current quarter's revenue of Costco is $62.12 billionbillion dollarsIt is expected to increase from $57.8 billion in the same period of the previous year.EPS is $3.79.It is expected to increase from $3.48 in the same period of the previous year. The company has exceeded analysts' expectations for the 7th consecutive quarter. However, the company fell short of analysts' expectations for the 4th quarter of 2024.
Nasdaq Composite broke through the 0.02 million mark.
The U.S. Consumer Price Index (CPI) released on the 11th matched market expectations, leading to increasing speculation of additional rate cuts by the Federal Reserve in December. Also, $Nasdaq Composite Index (.IXIC.US)$Has surpassed the 20,000-point milestone and reached an all-time high. The index has risen by 33.46% year-to-date, outperforming the performance of major U.S. stock indices.
The U.S. Consumer Price Index (CPI) released on the 11th matched market expectations, leading to increasing speculation of additional rate cuts by the Federal Reserve in December. Also, $Nasdaq Composite Index (.IXIC.US)$Has surpassed the 20,000-point milestone and reached an all-time high. The index has risen by 33.46% year-to-date, outperforming the performance of major U.S. stock indices.
テスラ、3年ぶりに史上最高値を更新 マスク氏の政治参加が推進力
$Tesla (TSLA.US)$isIt temporarily broke through the $420 range, rising 71% year-to-date and reaching an all-time high not seen in 3 years.Reached an all-time high last week.
$Tesla (TSLA.US)$isIt temporarily broke through the $420 range, rising 71% year-to-date and reaching an all-time high not seen in 3 years.Reached an all-time high last week.
モルガン・スタンレーのアナリスト、アダム・ジョナス氏によると、テスラ株は2025年自動車セクターにおける最優先の位置を付けると指摘した。また、同社に対する投資判断を「買い」に再確認、目標株価を310ドルから400ドルに引き上げた。
同氏は、「テスラのCEOであるマスク氏が政界に進出することで、投資家はテスラに対する見通しが広がった」と述べた。
エヌビディア、中国供給停止の噂を否定
12日、 $NVIDIA (NVDA.US)$China's official Weibo account issued a statement, stating that the rumors circulating on social media about NVIDIA stopping supply to China are baseless. The company emphasized that China is an important market for NVIDIA, and they will continue to provide high-quality services to their Chinese customers.
12日、 $NVIDIA (NVDA.US)$China's official Weibo account issued a statement, stating that the rumors circulating on social media about NVIDIA stopping supply to China are baseless. The company emphasized that China is an important market for NVIDIA, and they will continue to provide high-quality services to their Chinese customers.
Bitcoin surges back to the $0.1 million range.
Google unveils its latest AI 'Gemini 2.0' for generating articles, images, and voice.
USA $Alphabet-A (GOOGL.US)$Google's subsidiary, on the 11th, unveiled its latest artificial intelligence (AI) technology, 'Gemini 2.0 Flash Experimental,' capable of generating text, images, and voice within a single application.
USA $Alphabet-A (GOOGL.US)$Google's subsidiary, on the 11th, unveiled its latest artificial intelligence (AI) technology, 'Gemini 2.0 Flash Experimental,' capable of generating text, images, and voice within a single application.
Gemini 2.0 is made available to developers. It will be integrated into Google's search engine and utilized in the AI-generated summarization feature. The new technology will also introduce a new feature called 'Deep Research' for Gemini's paid users to create detailed reports based on internet searches.
Microsoft to incur costs related to GM's withdrawal from the robotaxi business, amounting to 120 billion yen.
USA $Microsoft (MSFT.US)$Is, $General Motors (GM.US)$Related to the partial investment in the Cruise autonomous driving robot taxi division that decided to be abolished, a impairment cost of $0.8 billion (about 121 billion yen) will be recorded.
USA $Microsoft (MSFT.US)$Is, $General Motors (GM.US)$Related to the partial investment in the Cruise autonomous driving robot taxi division that decided to be abolished, a impairment cost of $0.8 billion (about 121 billion yen) will be recorded.
In documents submitted to regulatory authorities on the 11th, the company mentioned plans to book expenses in the October-December quarter (Q2) that are expected to reduce earnings per share by around $0.09.
Adobe, over 11% decline due to earnings reports
$Adobe (ADBE.US)$Plunged significantly. After the closing on the 11th, the financial results for the 9-11 month period (Q4) were announced, exceeding expectations for revenue and EPS. The guidance indicated lower-than-expected revenue for the first quarter, and also forecasted lower EPS and revenue for the full fiscal year 2025.
$Adobe (ADBE.US)$Plunged significantly. After the closing on the 11th, the financial results for the 9-11 month period (Q4) were announced, exceeding expectations for revenue and EPS. The guidance indicated lower-than-expected revenue for the first quarter, and also forecasted lower EPS and revenue for the full fiscal year 2025.
Among investors, there is a lingering concern that companies like OpenAI and Runway AI providing AI-based creative tools may capture the company's market share. This outlook seems to stoke concerns that the intensified competition with emerging AI companies may jeopardize the company's future.
moomoo News: Kouchi
Source: moomoo, Bloomberg, Dow Jones
This article utilizes auto-translation in some parts.
Source: moomoo, Bloomberg, Dow Jones
This article utilizes auto-translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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