Although the data strengthened the Federal Reserve’s hawkish stance, the earnings reports of the hotel platform Airbnb and analog IC manufacturer Analog Devices were outstanding, and market funds poured into technology and communication service stocks. The main US stock index closed in red on Wednesday (15th) .
Dow Jones IndexSlightly rose nearly 39 points, the Standard & Poor’s 500 index edged up 0.28%,NasdaqThe index was up more than 0.9 percent,Philadelphia SemiconductorIt received a red of 0.37%, and TSMC’s ADR fell by more than 5%.
In terms of data, the U.S. Department of Commerce said on Wednesday that the overall U.S. retail sales rose by 3% in January this year, the largest increase in nearly two years, far exceeding expectations, while retail sales excluding gasoline and automobiles rose by 2.6%, also a record high. The largest increase in the past 2 years. Analysts believe that the stronger-than-expected January retail sales data shows that consumer demand remains strong, exacerbating concerns that the Fed will increase interest rate hikes.
In terms of politics and economy, Federal Reserve Vice Chairman Lael Brainard will serve as Biden’s economic adviser. With the departure of the dovish leader of the Federal Open Market Committee (FOMC), the Fed’s dovish color may be diluted. Rumor has it that the White House is considering nominating Chicago Fed President Austan Goolsbee to take over as Fed vice chairman.
European Central Bank (ECB) President Christine Lagarde said on Wednesday,EURInflation in the region is still too high, and the European Central Bank will continue to raise interest rates to curb potential price pressures. The path of subsequent rate hikes will be assessed after the rate hike in March. The European Central Bank has raised interest rates by 300 basis points since July and promised to raise interest rates by another 50 basis points in March to curb inflation.
The U.S. Congressional Budget Office (CBO) released its 10-year budget forecast report on Wednesday, saying that according to its forecast, the total fiscal deficit of the U.S. federal government in 2023 will be about 1.4 trillion U.S. dollars, and the annual fiscal deficit will average 2 trillion U.S. dollars from 2024 to 2033. trillion dollars.
The US-China chip war is full of spy shadows. After Japan and the Netherlands joined the US camp to restrict the import of semiconductor equipment into China, the Dutch factory ASML (ASML) revealed on Wednesday that a former employee in China stole the data of ASML’s proprietary technology, which may violate the law. export controls.
The Chinese government has accused U.S. balloons of illegally flying over its airspace several times since May last year, including areas such as Xinjiang and Tibet, and said it will take measures against U.S. entities that undermine China’s sovereignty.
The global new crown pneumonia (COVID-19) epidemic continues to spread. Before the deadline, the Johns Hopkins University (Johns Hopkins University) data pointed out that the number of confirmed cases worldwide has exceeded 673 million, and the number of deaths has exceeded 6.85 million.
The performance of the four major US stock indexes on Wednesday (15th):
- US stocksDow JonesThe index rose 38.78 points, or 0.11 percent, to close at 34,128.05.
- NasdaqThe index rose 110.45 points, or 0.92%, to close at 12,070.59.
- S&P 500 IndexIt gained 11.47 points, or 0.28 percent, to close at 4,147.6.
- Philadelphia SemiconductorThe index rose 11.44 points, or 0.37%, to close at 3,133.07 points.
Focus stocks
The five kings of technology were mixed. apple (AAPL-US) rose 1.39%; Alphabet (GOOGL-US) rose 2.39%; Microsoft (MSFT-US) down 0.80%; Meta (META-US) down 1.29%; Amazon (AMZN-US) rose 1.46%.
Dow JonesConstituent stocks received more dividends. Cisco (CSCO-US) rose 1.57%; Kintor Heavy Industry (CAT-US) rose 1.78%; Disney (DIS-US) up 1.47%; Johnson & Johnson (JNJ-US) down 1.65%; Chevron (CVX-US) down 1.05%; Merck (MRK-US) fell 0.97%.
fee halfConstituent stocks have their ups and downs. AMD (AMD-US) down 0.90%; NVIDIA (NVDA-US) down 0.90%; Applied Materials (AMAT-US) rose 0.86%; Texas Instruments (TXN-US) rose 1.22%; Intel (INTC-US) rose 0.73%; Qualcomm (QCOM-US) rose 0.55%; Micron (MU-US) fell 0.37%.
Taiwan stock ADR is in the dark. TSMC ADR (TSM-US) fell 5.31%; ASE ADR (ASX-US) down 2.01%; UMC ADR (UMC-US) down 2.60%; Chunghwa Telecom ADR (CHT US) fell 0.67%.
Corporate News
In the fourth quarter of last year, Berkshire, under the leadership of “Stock God” Buffett, slashed 51.76 million shares of TSMC’s ADR, with a reduction rate of up to 86%, dragging down TSMC’s ADR stock price (TSM-US) plunged more than 5% to US$92.76 per share, with a discount rate of 7.09% and a conversion price of 562.22 yuan.
Tesla (TSLA-US) rose 2.38 percent to $214.24 a share. Dan Levy, an analyst at Barclays Bank, pointed out that Tesla’s strong financial strength and leadership in electric vehicle technology have prompted Tesla to maintain its position as the world’s leading electric vehicle sales leader. Levy set Tesla’s stock rating as “buy”. ” with a target price of $275.
apple (AAPL-US) rose 1.39 percent to $155.33 a share. Foreign media reported that the U.S. Department of Justice has expanded its antitrust investigation into Apple’s policies for managing third-party mobile software on its devices, and will also investigate whether Apple’s operating system, iOS, restricts competition by favoring its own products over those of outside developers. product.
ford (F-US) fell 0.23 percent to $12.93 a share. Ford has suspended production and shipments of its electric F-150 Lightning pickup, expected to last until at least the end of next week, to address potential battery issues.
Metaverse concept stock Roblox (RBLX-US) soared 26.38% to $45.08 per share. Roblox announced its financial report for the fourth quarter of the 2022 fiscal year before the U.S. stock market on Wednesday. Due to the active consumption of users on the company’s platform during the holiday season, bookings exceeded market expectations.
Kraft Heinz (Kraft Heinz), which is world-famous for its ketchup (KHC-US) received a dividend of 0.63% to $40.13 per share. Kraft Heinz’s revenue in the fourth quarter was US$7.38 billion, exceeding market expectations of US$7.26 billion; adjusted net profit per share reached 85 cents, also exceeding market expectations of 78 cents. The company expects revenue to grow organically by 4-6% in 2023, with adjusted earnings per share ranging from $2.67 to $2.75.
Analog IC maker Analog Devices (ADI-US) soared 7.47% to $196.18 per share. Thanks to record automotive and industrial chip sales, ADI’s latest earnings report (as of January 28) adjusted net income per share of $2.75 on sales of $3.25 billion exceeded market expectations and its earnings forecast was quite strong.
Economic data
- U.S. retail sales rose 6.38% in January, up from 5.89% previously
- U.S. retail sales rose 3.0% in January, expected to be 1.8%, and the previous value was -1.1%
- U.S. industrial production grew at an annual rate of 0.79% in January, up from 1.15% previously
- The monthly growth rate of industrial production in the United States in January was reported at 0%, expected to be 0.5%, and the previous value was -1.0%
- U.S. February NAHB housing market index reported 42, expected 37, previous value 35
Wall Street Analysis
Marko Kolanovic, chief strategist at JPMorgan Chase & Co., believes investors are playing with fire as stocks rise despite the Fed’s tightening of monetary policy.
“There’s an old saying, don’t fight the Fed, but right now investors are not just fighting, they’re buyingcryptocurrency, meme stocks and unprofitable companies to mock the Fed. ”
“Janus retail sales were strong across the board, coupled with a strong jobs report suggesting a resilient economy,” wrote Matt Peron, head of research at Janus Henderson Investors. “This view supports the market’s current Gordilocks Economy sentiment that the economy is strong but Inflation is receding, although still too high.”
The numbers are all updated before the deadline, please refer to the actual quotation