News Highlights
1. $Snowflake (SNOW.US)$ soared 32% after the data-software company posted third-quarter adjusted earnings of 20 cents a share, topping estimates of 15 cents. Revenue was $942 billion, higher than forecasts of $899 million and better than $734 million in the year-ago quarter. Product revenue -- derived from the consumption of compute, storage, and data transfer resources by Snowflake c...

$NASDAQ 100 Index (.NDX.US)$Under the dual stimulus of the settled election and a 25 basis point rate cut, the market rose by 5% this week to reach 21117 points, which is currently a bit high. Last week's rise was mainly driven by bank stocks, small cap stocks, semiconductors, and technology stocks, reaching the upper band of the Bollinger Bands. An expected short-term pullback is anticipated. Next week, the USA's CPI and PPI data will be released, with a high probability of meeting expectations and a low possibility of a market crash. The current prediction is that the current upward trend should continue until the Christmas market, but with Donald Trump's return to the White House in January next year, there may be a significant pullback in January. Therefore, during this period of policy vacuum, the US stocks are likely to experience an oscillating upward trend. In the short term, due to the crazy rise of US stocks last week, a brief pullback is expected this week, presenting a buying opportunity during the dip.
Regarding Chinese concept stocks, due to the potential policy risks since Trump took office, as well as the lackluster effect of the debt-for-equity policy announced on Friday in stimulating the stock market, leading to a 6% decline, many stocks have directly shifted trends to a downward trajectory this week. $TENCENT (00700.HK)$   $JD.com (JD.US)$   $Alibaba (BABA.US)$   $Bilibili (BILI.US)$   $Cisco (CSCO.US)$   $Occidental Petroleum (OXY.US)$   $Sea (SE.US)$As for Chinese concept stocks, due to the potential policy risks since Trump took office, and the issuance of debt conversion policy on Friday did not have the expected stimulating effect on the stock market, resulting in a sharp 6% drop on Friday, many stocks have directly changed trends to a downward trend next week