1. Vistra's stock surged 61% since the 'Buy' rating; 2. The real driver of the Company's growth is the energy supply gap; 3. The stock's valuation appears extremely stretched, leading to a downgrade to 'Hold'.
Recent #stock market news in the semiconductor industry
➀ SMIC's A-share stock surged, hitting a historical high of 105 yuan at one point during the morning trading session on October 21, with a closing price of 97.48 yuan, up 8.14% from the previous day, marking another historical high.
➁ The stock's year-to-date increase is 70.72%, outperforming the 12.10% rise in the Shanghai-Hong Kong Stock Connect Index.
➂ The rise in SMIC's stock is seen as a sign of the A-share semiconductor market's strength. Analyst Mo Wenyu from XinDa Securities attributes the rise to the strong sci-tech nature of the semiconductor industry and its role as an important part of new quality productivity. The recovery trend in the semiconductor industry is becoming clearer with continuous policy support from the government, presenting long-term investment opportunities.
1. Despite healthy EPS growth expected in the upcoming results, it's challenging to make a short-to-medium term Buy case for Philip Morris due to its strong price gains this year. 2. The stock's market multiples are currently high, and with market prospects looking decent for Q4 2024, a shift towards defensive stocks seems unlikely. 3. The author notes that the stock's forward non-GAAP P/E ratio was high even before writing, indicating the risk of short-term investment.
1. The Dow Jones Industrial Average and gold prices have reached all-time highs just before periods of financial market and economic turmoil in the U.S. (1973, 2007). 2. The only other instance of a dual high in these two assets was late 2020 after the COVID-19 pandemic. 3. The occurrence in 2024 could be a warning sign for potential market trouble in 2025, especially with the possibility of oil prices rising due to Middle East conflicts.
1. Palantir is significantly overvalued with a forward EV-to-sales ratio of 34 and a forward price-to-cash-flow ratio of 111.3, indicating a high-risk investment. 2. Despite expected strong Q3 results, the current valuation is unsustainable. 3. The company's commercial revenue growth driven by its AI Platform and boot camps is promising, but its reliance on wartime economics poses long-term risks. 4. Given the speculative nature of its current valuation, consider selling PLTR stock now as a significant correction is likely.
➀ ASML Holding NV, a leading semiconductor equipment maker, has revised its 2025 sales forecast; ➁ The new forecast projects net sales between €30 billion and €35 billion, below the previous range; ➂ The announcement was released early due to a technical error, leading to a 16% drop in shares.
1. Netflix is expected to release its Q3 earnings on October 17th, with a high likelihood of a sharp stock decline following the announcement. 2. The company may be approaching the saturation point for subscriber growth and may have exhausted its ability to increase prices further. 3. Data from Sensor Tower indicates negative DAU growth for all three months in Q3, a trend not seen since late 2021.
➀ Gree Electric Appliances and its affiliate Zhuhai Ronglin plan to reduce their stake in Unigroup Weitang Technology, with each not exceeding 12.4281 million shares, within 3 months from the 15th trading day after the announcement.
➁ The reduction in shares is part of a plan to sell shares through a集中竞价 trading method, with the selling price to be determined by market conditions.
➂ Gree Electric Appliances and Zhuhai Ronglin first invested in Unigroup Weitang Technology in late 2018, contributing 3 billion yuan to help Weitang Technology acquire NXP Semiconductors. This investment has brought significant gains to both parties, with a combined holding value of nearly 220 billion yuan in 2020.
1. The S&P 500 and Dow Jones Industrial Average reached historic highs. 2. Despite inflation concerns, markets continued to rise due to traders' resilience and positive bank earnings. 3. The Federal Reserve cut interest rates by 50 basis points for the first time since the COVID-19 pandemic.
1. The US economy has been performing exceptionally well compared to other G20 economies over the last 10 years, especially in recent years. 2. Despite high interest rates, the US economy has remained relatively robust. 3. The outperformance of US stocks against European stocks has become more pronounced in the last few years.
➀ The NASDAQ rose 1.5% with NVIDIA up 4% to a three-month high; ➁ The Chinese tech index fell nearly 7% with NIO, Li Auto, and Tencent ADR down more than 8%; ➂ U.S. 10-year Treasury yields rose to a near ten-week high; ➃ The Fed's third-highest official, New York Fed President Williams, said the U.S. economy is ready for a 'soft landing' and supports a 25 basis point cut in November; ➄ European Central Bank Governing Council member Vasle said open to a rate cut in October but not guaranteed for December.
➀ The technology sector, particularly semiconductors, has been leading the rebound in the Hong Kong stock market; ➁ The performance of the technology sector in the A-share market, including the growth of indices like the SSE 300 and the CSI 1000, is impressive; ➂ The short-term outlook for the technology sector remains positive, driven by factors such as the Federal Reserve's easing cycle and new policies in China; ➃ The medium and long-term growth prospects of the technology sector are supported by the country's high-quality development strategy and the potential for new economic growth engines; ➄ The article suggests focusing on ETFs like the Hong Kong Tech ETF (code 159751) and the KOSPI 100 ETF (code 588220) for investment opportunities.
➀ The author encourages readers to embrace the bubble in the stock market, focusing on chip stocks. ➁ The article predicts a bull market and emphasizes the importance of selecting the right sectors, themes, and individual stocks. ➂ The author suggests that technology, especially semiconductor chips, will be the most explosive sector. ➃ A list of 'Top 10 Gods of 300' chip stocks is provided, along with analysis of their market potential and investment strategies.
1. Since the last analysis, Realty Income has delivered a 17.2% return and completed its merger with Spirit Realty Capital. 2. With the transition to a rate-cutting cycle, the company's growth prospects are improving. 3. DCF analysis shows conservative growth estimates, with AFFO indicating sustainable earnings. 4. The article recommends buying Realty Income Corporation at its current stock price due to a projected upside potential of 19.3% and a favorable market environment.
1. Stock trading patterns can be reliable until they aren't; 2. The Fed's focus on jobs over inflation suggests rate cuts in 2024 and 2025; 3. Look for investment opportunities in consumer discretionary, aviation parts, and small-cap biotech sectors.
➀ Jensen Huang's net worth surpasses Intel's market cap; ➁ Huang's AI-focused company, Nvidia, has seen a surge in stock performance; ➂ Intel's financial struggles have led to a drop in its market value.
1. Alibaba's stock has surged almost 60% since the author's buy recommendation in February; 2. The recent Keynesian economic stimulus measures have triggered a significant market squeeze; 3. The options market indicates a Gamma squeeze, suggesting the rally may be nearing an end.
➀ Nomura Holdings Inc. warns that the biggest stock rally in China in 16 years could turn into a bust due to a weaker economy than before the pandemic; ➁ Economists predict a stock market crash similar to 2015, with a higher probability than optimistic scenarios; ➂ The Shanghai Composite Index doubled since September 2014, followed by a 40% drop in about two months, but authorities now have more tools to support stocks.
1. Correctly identified Micron Technology's short-term Sell signal and long-term Buy signal; 2. Recent earnings confirm the long-term Buy outlook; 3. Weekly chart shows a switch from a Sell to a Buy signal, with a bullish double bottom formation; 4. Short-term price drop due to day traders filling the gap from panic buying, but no expectation of retesting the bottom; 5. Company on Model Portfolio Watchlist with a low SID score, anticipating a 32% move up.
1. The S&P 500 fell marginally but ended higher for the week due to strong macro data; 2. Intel faces takeover talks and potential funding; 3. China's stimulus measures boost market sentiment; 4. Nuclear energy support from global banks; 5. Precious metals surge on Fed's rate cut; 6. Meta showcases new AR products; 7. Tech industry news and market trends.