On Wednesday, Eastern Time, July 20, the three major indexes of U.S. stocks closed higher collectively. As of the close, the Dow Jones Industrial Average rose 0.15%, the Nasdaq rose 1.58%, and the S&P 500 rose 0.59%.
As U.S. inflation has remained at a 40-year high in recent months, the market is paying special attention to the performance of U.S. stock companies during this period to observe how they may cope with the potential recession environment.
FactSet data shows that about 10% of S&P 500 index components have announced their earnings. Among these companies, nearly 69% exceeded analyst expectations.
Yesterday, Netflix announced its Q2 revenue after the closing increased by 8.6% year-on-year to US$7.97 billion, with the number of subscribers decreasing by 970,000, better than the previous guidance of reducing 2 million.
html Within 3 days, electric car leader Tesla will announce its Q2 results after the close of the US stock market (in the early morning of July 21, Beijing time on Thursday). The company's CEO Musk posted on Weibo in the early morning that Tesla's Fremont factory + Nevada's Gigafactory has produced a total of 2 million cars. Tesla rose nearly 1% before the market.
Yesterday, the three major U.S. stock indexes hit the largest single-day gain in the past month, with Dow Jones Index rising 2.43%, S&P 500 rising 2.76%, and Nasdaq Index rising 3.11%, closing above their respective 50-day moving averages for the first time since April. "We believe that the summer rebound in the U.S. stock market can continue."
Bank of America's latest monthly fund manager survey results show that investors have lowered risk asset exposure to low levels not seen even during the global financial crisis , but the bank's long-short indicators are at the "maximum bearish" level, indicating that the situation may turn around in the future, and the worst is coming, which also boosts market risk sentiment.
But Rich Weiss, chief investment officer of multi-asset strategy of US Century Investment, pointed out that traders cannot use today's financial report to judge the future economic trend. "Please remember that corporate profits are at best a single indicator, which can only tell you how the current situation is and how it was in the past, just like looking at a rearview mirror."
On the market, the software application and semiconductor sectors ranked first, while the precious metals sector ranked first. Among the large technology stocks , Meta Platforms rose by more than 4%, Amazon rose by nearly 4%, Apple , Microsoft rose by more than 1%.
Leading the rise in technology stock list
Leading the fall in technology stock list
Popular Chinese stocks listed in the market closed on Wednesday and fell. Zhihu fell by more than 7%. In terms of news, Zhihu spent US$420,100 to repurchase 134,800 shares on July 19, 2022, with a repurchase price of US$3.07-3.16 per share.
Baidu fell 1.1%. In terms of news, on July 19, Li Shiyan, head of Baidu's digital human and robot business, accepted interviews from multiple media outlets, introducing the latest progress of Baidu's intelligent cloud Xiling platform and digital live broadcaster business. Baidu's digital human business mainly focuses on three tracks: live streaming and sales scenarios, corporate marketing (mainly doing new customer conversion, retention, etc.), and some entertainment anchors' directions. Among them, the fastest-standing live broadcast scenario is the live broadcast scenario. Baidu said that the digital people live broadcast production platform that will be launched during the 2022 Baidu World Conference can realize 24-hour pure AI live broadcast. Digital people can switch makeup, scenes and styling at will. A large number of small and medium-sized merchants create their own live broadcast digital people anchors through the platform. "We believe that after continuous efforts, we have a great opportunity to make the digital people's expressiveness and interaction ability approach the level of real people within 1-2 years," said Li Shiyan.
Other Chinese stocks, QuHuo rose more than 13%, Thunder rose more than 7%, Qi Education rose more than 6%, Dingdong Maicai rose nearly 6%, Leju rose more than 5%, NetEase rose more than 4%, Mingcai , Boqi Pet, Monster Charging , Gaotu rose more than 3%, Kingsoft Cloud rose nearly 3%, Wuxin Technology rose more than 2%, NetEase Youdao rose nearly 2%, Happy Auto and Lizhi rose more than 1%, NIO , Xinyang, and Secoo rose nearly 1%.
Shangmax Technology fell nearly 17%, Faraday Future fell more than 16%, Daily Youxian fell more than 13%, Qudian , All Things New Life fell more than 8%, Zhihu, Onion Group fell more than 7%, Youxin fell more than 5%, Shell fell more than 4%, Best Group fell 4%, Ideal Auto fell nearly 4%, Tuniu, Cheetah Mobile, Autohome, Lufax Holdings, Dada Group fell more than 3%, Pinduoduo fell more than 2%, Xiaopeng Motor , Tiger Securities , Vipshop , Douyu, Baidu, , Huya Group, , Tencent Music, and ZTO fell by more than 1%, while Ctrip fell by nearly 1%.
leads the rise in Chinese stocks list:
leads the fall in Chinese stocks list: Ideal Auto fell nearly 4%. In terms of news, on July 17, some media reported that a test drive car of Ideal L9 in Chongqing had a malfunction during the test drive. According to the screenshot of its exposed online chat record, the front suspension broke with a "bang" after a sudden brake. According to reports, due to problems with the suspension of the test drive car, the left front wheel of the vehicle was trapped in the body and could not drive normally. After the incident, it quickly sparked heated discussions and once became a hot search on Weibo. Ideal Auto said that the test drive of Ideal L9's store hit the road pit at high speed, causing air leakage and damage to the front air spring , which brought users doubts about the quality and durability of the air spring. At the same time, Ideal Auto also stated that in order to dispel users' concerns, Ideal Auto has upgraded the L9 air spring warranty period. Tesla rose 0.8%. According to the financial report, Tesla's adjusted earnings per share in the second quarter were US$2.27, with the market expecting US$1.81; revenue increased by 41.6% year-on-year to US$16.9 billion, with the market expecting US$17.1 billion; net profit was US$2.259 billion, with the market expecting US$1.984 billion. The company said that the gross profit margin of automobiles was 27.9% in the second quarter, 32.9% in the first quarter, and 28.4% in the second quarter of 2021. Tesla said that it still expects new car delivery to grow at an average annual rate of 50%, and the growth rate will depend on equipment production capacity, factory uptime, operational efficiency, supply chain capabilities and stability. The company said that production progress at its factories in Austin, USA and Berlin, Germany will be affected by the successful launch of many new products and is expected to further increase the production capacity of its factories in Shanghai. In the second quarter, Tesla converted about 75% of its Bitcoin holdings into fiat currency. The company said Bitcoin conversion to balance sheet increased $936 million in cash. Faraday future fell more than 16% More automobile sector rises and falls and market value ranking
The three major European stock indexes fell across the board on the same day. The London stock market in the UK, London, Financial Times " 100 stock average price index closed at 7264.31 points on the 20th, down 31.97 points from the previous trading day, a drop of 0.44%.
stocks , on the same day, service stocks among the constituent stocks in London stock market led the rise, with the top five stocks in the top five: Scottish mortgage investment trust stock price rose 4.78%, international equipment leaser Ashted Group stock price rose 3.43%, AVEVA group stock price rose 3.03%, online retailer Okaido Group stock price rose 2.65%, and sports betting company Entain stock price rose 2.44%.
The consumer stocks led the decline on the same day, with the top five stocks in the declines: the stock price of packaging company David Solomon Smith Company fell 3.83%, AstraZeneca Pharmaceutical Company fell 2.80%, Rolls-Royce Holding Company fell 1.94%, Household cleaning products company Lijieshi Group fell 1.90%, and British American Tobacco fell 1.84%.
The other two major stock indexes in Europe, the Paris Stock Market CAC40 index of France closed at 6184.66 points, down 16.56 points from the previous trading day, a drop of 0.27%; the Frankfurt DAX index of Germany closed at 13281.98 points, down 26.43 points from the previous trading day, a drop of 0.20%.
Company news
[ Ming-Chi Kuo : Some panels and memory supply problems in the iPhone 14 series have other suppliers can fill the supply gap]
Analyst Ming-Chi Kuo said on Twitter that some panels and memory suppliers of the iPhone 14 series have recently experienced supply problems, but because other suppliers can fill the supply gap, the overall impact on iPhone 14 is limited. Among them, in terms of memory LPDDR5, Samsung is almost the only supplier of this year's Q3, which can meet the demand for iPhone 14 Pro production increase. Micron and SK Hynix may be shipped in Q4 as early as possible; in terms of panels, Samsung and BOE can roughly fill the initial supply gap caused by LG display.
[ Apple agrees to pay $50 million to settle the butterfly keyboard lawsuit]
According to foreign media reports, Apple agrees to pay $50 million to resolve the class action lawsuit filed by customers who claim that the company's butterfly keyboard has defects in the MacBook laptop. Representatives of the lawsuit alleged that problems with the butterfly keyboard could cause characters to be repeatedly entered or key presses to not respond, as well as other problems.
[ Google will test its AR glasses prototype device in public next month]
According to the American technology blog The Verge, Google announced on Tuesday that it plans to test its augmented reality (AR) glasses prototype device in public starting next month. Google said the glasses will be equipped with a microphone and camera, as well as a transparent display. The report pointed out that Google has been exploring concepts such as AR glasses that display translations in real time, but the company hopes to bring its conceptual creativity from the lab to the real world.
[Musk: Tesla's Fremont factory and Nevada Super Factory have produced a total of 2 million cars]
Tesla CEO Musk posted on Weibo in the early morning of the 20th that Tesla's Fremont factory + Nevada Super Factory has produced a total of 2 million cars. Musk also said that today, the Tesla Fremont factory is the largest automobile factory in North America.
[Netflix: plans to invest $17 billion in content in the future]
American video streaming service provider Netflix held an analyst conference call after the financial report was released. Netflix said it plans to spend about $17 billion in content in the next few years. Previous financial report showed that Netflix's Q2 revenue increased by 8.6% year-on-year to US$7.97 billion, and the number of subscribers decreased by 970,000, better than the previous guidance of a 2 million reduction.
[ Buffett increases its position in Occupy Oil close to the consolidation of the shareholding ratio rises to 19.4%]
Warren Buffett Berkshire Hathaway buys another 1.94 million Occupy Oil common shares, with a total market value of US$11.4 billion, which is close to including the latter in the company's consolidated financial statements. Regulatory documents show that Berkshire spent $112 million to increase its holdings from July 14 to July 18, increasing its Occupy Petroleum stake to 19.4%, or 181.7 million common shares. It is understood that according to the accounting principle of , , once an investor owns 20% of the company's common stock, a certain proportion of the company's income should be included in his or her performance.
[ Hon Hai teamed up with NXP to develop a new generation of automotive platform]
Hon Hai Group and NXP Semiconductor, a global leading automotive semiconductor manufacturer, jointly announced the signing of a memorandum of cooperation on the 20th. The two parties will work together to develop the next generation of smart connected automotive platform. The core of this strategic cooperation will integrate the NXP S32 series processors into the Hon Hai electric vehicle platform, which uses the NXP S32 series processors to combine its analogous front-end, driver, network and power products. The scope of cooperation will involve all-vehicle electronic applications, covering 2 major platforms, including electronic and electrical architecture (EEA) and automotive network security, as well as 7 major application fields. The first phase of cooperation between Hon Hai and NXP has planned that more than 10 automotive products will be launched one after another.
[AerCap, an aircraft leasing company, ordered 5 787 Dreamliner jets from Boeing ]
According to foreign media reports, Boeing has also sold 5 787 Dreamliner jets from aircraft leasing company, AerCap Holdings, which is the largest buyer of the wide-body aircraft.Peter Anderson, chief commercial officer of AerCap, said that as air travel recovers from the trough of the pandemic, there is a growing demand for dream aircraft, such as jets used for international long-distance travel. The delivery of the 787 Dreamliner has been on hold for most of the past two years in the context of Boeing's handling of various production issues as required by the U.S. aviation safety regulator. Boeing Civil Aircraft Group CEO Stan Deal said earlier this week that the company is "very close to" resuming delivery.
[Asmai expects net sales of 5.1 billion to 5.4 billion euros in the third quarter, the market expects 6.4 billion euros]
Asmai (ASML) expects net sales of 5.1 billion to 5.4 billion euros in the third quarter, and the market expects 6.4 billion euros. The company's net sales in the second quarter were 5.43 billion euros, and the estimated price was 5.26 billion euros.
[Russia says Microsoft controls Ukrainian facilities by the US]
Russian Deputy Foreign Minister Seromolotov said on the 18th that Microsoft acted under the orders of the Pentagon and intelligence agencies to control Ukraine's information infrastructure and deprive it of "digital sovereignty." Microsoft, under the "guise" of pledging to help strengthen security, convinced Ukrainian authorities to provide remote access to its network.
