Today's stock market analysis and outlook (8.24)

time:2022-12-02 17:15:42 source:clevelanddrifters.com author:Technology stocks
Today's stock market analysis and outlook (8.24)

#Header Finance# #stock finance# #Financial News# [Selected news] The 2022 China International Fair for Trade in Services will open on August 31, highlighting new elements of digital technology, setting up a Metaverse Experience Hall; onshore RMB The exchange rate against the U.S. dollar once fell below 6.86, setting a new low in the past two years; domestic gasoline and diesel prices were reduced by 205 yuan and 200 yuan per ton respectively; the World Health Organization (WHO) announced that China passed the National Vaccine Regulatory System (NRA) assessment; On the grounds of "security" and foreign policy issues, it added seven Chinese-related entities (mainly related to aerospace) to its export control list; WTI crude oil futures closed up 3.74% and Brent crude oil futures closed up 3.88%. [Important announcement] In the first half of the year, CATL achieved an operating income of 112.971 billion yuan, an increase of 156.32% year-on-year, and a net profit attributable to the parent of 8.168 billion yuan, an increase of 82.17% year-on-year; Qiaqia Foods adjusted the price of sunflower seed series products, and the overall price increased by about 3.8%; Kuaishou’s revenue in the second quarter was 21.7 billion yuan, an increase of 13.4% year-on-year, with a net loss of 3.18 billion yuan in the second quarter; Xiaopeng Motors’ second-quarter net loss was 2.70 billion yuan, with revenue of 7.44 billion yuan in the second quarter, and the market expected 7.204 billion yuan. Yuan, compared with 3.761 billion yuan in the same period last year; Jingdong Group’s net revenue in the second quarter was 267.6 billion yuan, an increase of 5.4% year-on-year, and the net profit attributable to ordinary shareholders in the second quarter was 4.4 billion yuan, compared with 800 million yuan in the same period last year. [External disk dynamics] The major U.S. stock indexes closed down slightly, the Dow fell 0.47%, the S&P 500 fell 0.22%, and the Nasdaq closed flat. Non-ferrous metals and oil and gas sectors were among the top gainers, Occidental Petroleum rose more than 6%, Alcoa rose more than 5%, and Exxon Mobil rose more than 4%. Vaccine stocks fell, Bojian and Eli Lilly fell more than 2%, and Pfizer fell more than 1%. Malaysian digital payments company Star Group closed up 282% on its first day of trading at $15.29. Popular Chinese concept stocks rose and fell, Pinduoduo rose more than 5%, JD.com rose more than 3%, Baidu rose more than 2%; Xiaopeng Motors fell more than 10%, iQiyi fell more than 5%, and Li Auto fell more than 4% . [Market Review] On Tuesday, the major indexes fluctuated within a narrow range, and the concept of energy storage went out of the daily limit. Amid energy supply concerns, European and American stock markets generally fell overnight. Natural gas and photovoltaic topics opened strongly. The Ningde era surged and drove the CRE Index to 2,800 points for a short time, but then quickly fell back. The virtual reality that led the gains the day before fluctuated lower, and intraday funds continued to rise. Focusing on energy-themed trading, the concept of solar thermal power generation opened low and then rose again, the concept of energy storage went out of the daily limit, the stock market index turned red in the afternoon trading, and energy stocks such as oil, gas and coal continued to soar in the afternoon, and the concept of vitamins and heat pumps rose sharply. The index fluctuated in a narrow range. Throughout the day, the Shanghai Composite Index fell slightly by 0.05%, and the CRE Index edged up by 0.05%. The transaction volume between the two cities exceeded RMB 1 trillion for 6 consecutive days, but the net sales of funds from the north was RMB 9.2 billion. [Today's Outlook] The index fell quickly after hitting a new high in early trading on Tuesday. The index still lacks the motivation to break through the strong pressure. The European and American stock markets have continued to adjust recently due to energy security concerns. Under the expectation of the Federal Reserve raising interest rates by 75 basis points in September, the US dollar index once again Approaching a 20-year high, the exchange rate of the RMB against the U.S. dollar hit a two-year low on Tuesday. The market still lacks macro factors to push the index upward, and there may be short-term structural opportunities. It is recommended to continue to pay attention to the direction of energy security.

(Responsible editor:Aviation stock)