1. I upgrade Alibaba to a 'Strong Buy' with a one-year target price of $174; 2. Driven by growth in AI, cloud computing, and government subsidies; 3. Management plans substantial CAPEX in AI and cloud computing, enhancing future growth prospects.
Recent #Consumer news in the semiconductor industry
➀ Vishay Intertechnology公司升级了其VSOP383xx系列红外（IR）遥控应用预放大电路，推出了新的Cyllene 2 IC。
➁ 新解决方案提供更宽的工作电压范围、更高的暗态环境灵敏度和更好的抗强直流光和Wi-Fi干扰能力。
➂ 这些改进使得该产品适用于多种消费电子产品和移动设备，并且可以减少制造商的成本。
➀ Shein, founded in 2008, has become one of the world's most valuable clothing retailers, with online revenue surpassing traditional fashion competitors like H&M and Zara.
➁ During the pandemic, Shein's online net sales soared from $2.5 billion in 2019 to $8.4 billion in 2020.
➂ Despite facing challenges, such as being banned in India, Shein is expected to generate $48 billion in online revenue by 2024, a significant increase from its 2018 net sales of $1.4 billion.
➀ Distrust of the news is widespread in the US and France, with one in five respondents in each country saying they do not trust mainstream media. Spanish respondents were similarly skeptical. ➁ The Swiss have more trust in their country's journalism, with only 13% distrusting the mainstream media. ➂ In China, less than one in ten respondents said they distrusted the news.
➀ According to a Statista survey, saving more money is the most popular New Year's Resolution for Americans, chosen by just over half of the respondents. ➁ The next most common resolutions are eating healthier, exercising more, and losing weight. ➂ Other popular resolutions include spending more time with family and friends, and quitting smoking.
➀ Over half of employed U.S. adults expect to receive a Christmas bonus this year; ➁ The likelihood is even higher in Mexico and Brazil, with 65 percent and 85 percent, respectively; ➂ The high share in Mexico is likely linked to the mandatory 'aguinaldo'; ➃ Christmas bonuses are less customary in the UK and France.
➀ The highest-paid dead celebrities of 2024 earned a combined total of $1.1 billion. Michael Jackson topped the list with $600 million, followed by Queen's Freddie Mercury with $250 million. ➁ The earnings come from posthumous sales of rights, catalogues, and successful musicals. ➂ Notable figures include Dr. Seuss, Elvis Presley, Prince, Bob Marley, and Charles M. Schulz.
➀ According to Eurostat data, 22% of employed people in the EU worked from home in 2023; ➁ The Netherlands had the highest share of people who worked from home at least occasionally in 2023 at 51.9%; ➂ The share of employees working from home has increased by eight percentage points since 2019.
➀ In 2022, 1,552 autonomous vehicles (AVs) driving 5.7 million miles were reported for testing in California, with a collision rate of 96.7 per 1,000 vehicles and 26.3 per million vehicle miles. ➁ Most collisions were minor and often caused by other traffic participants. ➂ The actual collision figures may be higher due to underreporting.
1. Alibaba reported mixed second quarter results with a slight revenue increase but a decline in operating income and diluted earnings per share. 2. The company's e-commerce segment, Taobao and Tmall Group, remains its core business but faces challenges in a struggling Chinese retail market. 3. Alibaba's cloud and international expansion segments show potential for growth, and the stock is considered deeply undervalued.
1. JD.com reported strong Q2 earnings, significantly beating analyst estimates on profitability, leading to a >15% surge in share price. 2. The company repurchased approximately $3.3 billion in shares in H1 2024, representing around 7% of outstanding shares. 3. Management aims for a high-single digit profit margin, potentially generating $10-11 billion in annual net earnings, presenting a deep value opportunity.
1. Home Depot and Lowe's stocks reacted positively after earnings, but Home Depot's warning about a challenging period for home improvement raises concerns. 2. Lowe's has historically lagged behind Home Depot in financial performance and operational strategy, making it potentially more vulnerable in a downturn. 3. Lowe's valuation may not withstand a downward trend, potentially leading to stock price corrections.
1. Tesla's Q2 automotive revenue missed estimates and expects lower vehicle volume growth in FY2024; 2. The company's total revenue exceeded expectations, mainly driven by a 100% YoY growth in energy storage revenue; 3. Despite Elon Musk's optimism on autonomous driving, the stock's high valuation and weak fundamentals suggest a 'strong sell' rating.
1. Tesla reported Q2 earnings with higher-than-expected revenues but a significant drop in profits. 2. Profitability is under pressure, with earnings per share declining from the previous year, leading to a negative market reaction. 3. The absence of disruptions at the Berlin Gigafactory in Q2 partially explains the better revenue performance compared to Q1.
1. Amazon's Q2 2024 earnings are expected to exceed market expectations due to strong Q1 performance and raised EPS estimates. 2. Despite Jeff Bezos' share sales, Amazon's fundamentals remain robust with potential for growth in various sectors. 3. The stock may still be undervalued by ~23.7% based on DCF fair value calculations, prompting a reiteration of the 'Buy' rating.