Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
[Brokerage Focus] ICBC International: China's internet profitability continues to improve, and Tencent (00700) is the preferred choice.
Golden Financial News | CICC releases a report on China's internet industry, most of the internet companies covered by the bank have announced better-than-expected earnings for the second quarter of 2024, although revenues were only in line with or below expectations. The only exception is Meituan (03690), which has exceeded expectations in both revenue and profits. The bank observes that due to macro uncertainties and low consumer confidence, the revenue growth of most companies has slowed down. On the other hand, profit margins continue to improve due to the following factors: 1) continuous cost optimization and efficiency improvement; 2) revenue structure transformation; 3) improved competitive landscape. Except for PDD Holdings, most public
Is the Mid-Autumn Festival tourism market not booming? The prices of airfare and hotels are the same as the off-season, and long-distance outbound tours during the National Day holiday are still popular.
From the perspective of OTA platforms and travel agencies, the prices of air tickets, hotels, and travel products during the Mid-Autumn Festival holiday this year are basically the same as usual. Long-haul outbound tours during the National Day holiday are still popular, with popular products from travel agencies such as Chunqiu Travel and utour group selling out.
US stocks closed with mixed performance for the three major indexes. Tesla rose more than 9% over the past two days, while NIO soared 14% after its performance announcement.
Before the non-farm data, there is new evidence of the cooling of the US job market, and economic concerns support a substantial rate cut bet. The yield curve of the 2-year/10-year US Treasury bonds, which briefly inverted for the third time in two years. The S&P 500 fell for the third consecutive day, with Broadcom falling more than 4% after hours, Tesla rising nearly 5%, and Nvidia and Chinese concept stocks rising nearly 1%. The yen reached a one-month high, and the offshore renminbi rose by 300 points to break 7.09 yuan. Gold rose briefly by 1%, and oil prices rose more than 2% before falling. US oil fell below $70 for the first time in 15 months over two days.
Trip.Biz Debuts New Product Matrix To Transform Business Travel From Start To End
Jewel Changi Airport Forges 3-year Partnership With Trip.com to Boost Tourism
Affirm, Mongodb And Best Buy Are Among Top 10 Large Cap Gainers Last Week (Aug 25-Aug 31): Are The Others In Your Portfolio?
[Brokerage Focus] Huaan Securities maintains a "buy" rating on Ctrip Group (09961) and indicates that its second-quarter performance is overall better than expected.
Jingu Finance News | Huaan Securities issued a research report, Ctrip Group (09961) recorded second quarter revenue of 12.788 billion yuan (+13.56% year-on-year, +7.28% quarter-on-quarter), slightly higher than the consensus expectation of 0.30%; operating profit recorded 3.555 billion yuan (+19.42% year-on-year), higher than the consensus expectation of 2.18%; GAAP net income recorded 3.888 billion yuan (compared to 0.648 billion yuan in the same period last year), significantly higher than the consensus expectation of 27.4%; Non-GAAP net income recorded 4.985 billion yuan (+45.2% year-on-year), significantly higher than the consensus expectation of 3.
Journey Towards Sustainability: Trip.com Group Highlights ESG Progress & Key Actions in Latest Report
Trip.com Target Price Raised to HK$530.00 From HK$522.00 by China Galaxy International
CFRA Maintains Trip.com(TCOM.US) With Buy Rating, Maintains Target Price $66
[Featured Expert] Guo Jiayao: Blue chip performance has not further driven the market to improve, and the index has encountered significant resistance at the 18,000 point level.
Golden Finance News | U.S. stocks fell back on Wednesday as investors awaited technology company earnings news. The market was cautious and all three major indexes closed lower. The U.S. dollar stabilized, and the yield on the 10-year Treasury bond rose to 3.83 basis points. Gold prices remained at a high level, while oil prices fell back and forth. Hong Kong stocks are expected to open lower due to individual developments in pre-Trading securities. Mainland China's stock market fell yesterday, with the Shanghai Composite Index opening higher and closing lower with a 0.4% decline. The turnover of Shanghai and Shenzhen stock markets further declined. Hong Kong stocks followed the decline in the mainland stock market, and the RMB weakened, affecting market sentiment. The market closed lower with fluctuation, and overall trading remained light. The performance of blue-chip stocks did not improve.
Trip.com Upgraded at CFRA on Strong Travel Recovery
A Quick Look at Today's Ratings for Trip.com(TCOM.US), With a Forecast Between $65 to $76
Nomura Adjusts Price Target on Trip.com to $48 From $55, Maintains Neutral Rating
[Brokerage Focus] Minsheng Securities maintains a recommended rating for Ctrip Group (09961), indicating that its outbound performance is better than the industry and is expected to drive performance growth in the second half of the year.
Jingwu Finance News | Minsheng Securities released research pointing out that Ctrip Group (09961) announced unaudited performance for Q2 2024, with net income of 12.8 billion yuan, a YoY increase of 14%; non-GAAP net income of 5 billion yuan, a YoY increase of 45%, and a non-GAAP profit margin of 39%, a YoY increase of 8.5 percentage points; adjusted EBITDA of 4.4 billion yuan, with an adjusted EBITDA profit margin of 35%, a YoY increase of 2.0 percentage points. The bank pointed out that for the split business, lodging revenue was 5.1 billion yuan, a YoY increase of 20% and a QoQ increase of 14%; transportation revenue was 4.9 billion yuan,
Trip.com's Travel Demand Outlook Remains Cloudy -- Market Talk
Ctrip: Summer study tour order volume increased by 175%
On August 28th, Ctrip released the "2024 Summer Travel Market Report".
[Brokerage Focus] Bocom Intl maintains a buy rating for Ctrip Group (09961), citing better-than-expected second-quarter profits.
Jingwu Finance News | Bocom Intl reports that Ctrip Group (09961) Q2 revenue met expectations, adjusted net income exceeded expectations, benefiting from economies of scale, cross-selling optimization, increased proportion of high-profit margin businesses, and better-than-expected profits from affiliated companies. The bank has adjusted its revenue forecast, based on better-than-expected profits in Q2, and raised its adjusted net income forecast for 2024 by 7%. It is expected that the pressure on ADR in the second half of the year will improve marginally, the competitive environment will ease, and domestic hotel business revenue will recover from Q2. It is expected that the annual revenue of the domestic business will grow in single digits, and outbound travel will recover to 90% of 2019 levels, while Trip.com will maintain its performance.
Top Gap Ups and Downs on Tuesday: TM, SONY, SAN and More