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Major US stocks rose across the board, Didi fell more than 2%, and Morgan Stanley raised its iPhone shipment forecast

News on July 16, Beijing time, today US stocks were mixed, technology stocks generally fell, and major Chinese concept stocks rose across the board. As of the close, the Dow rose 53.79 points, or 0.15%, to close at 34,987.02 points; the S&P 500 index fell 14.27 points, or 0.33%, to close at 4360.03 points; the Nasdaq fell 101.82 points, or 0.7%, to close at 14,543.13 point.

The major U.S. technology giants all fell:

▲ Major U.S. technology giants

Major Chinese technology stocks rose across the board:

▲Major technology stocks in China

China Concept Stock Price

Other Chinese concept stocks that rose include:

▲Other Chinese concept stocks rising

Companies that fell include:

▲Other Chinese concept stocks that fell

U.S./Foreign Technology Stocks

Other foreign technology stocks that rose include:

▲Rising other foreign technology stocks

Companies that fell include:

▲Other foreign technology stocks that fell

▲Morgan Stanley raises iPhone shipment expectations, saying App Store business growth is accelerating

Morgan Stanley analyst Katy Huberty issued an investment report on Thursday, stating that Apple’s June fiscal quarter results and executives’ expectations for September’s fiscal quarter results will exceed Wall Street’s expectations. She maintained her “overweight” rating on Apple stock and raised her target stock price from $162 to $166.

Huberty said that Apple’s stock price has risen by more than 20% since the beginning of June for three reasons. First, the performance of technology giants is generally good. Apple, Amazon, Alphabet, Microsoft, and Facebook all rose higher than the S&P 500 index; second, the growth of App Store business accelerated in June; third, the supply chain data showed strong growth in iPhone production , She raised the iPhone shipment forecast for the next fiscal year ending in September 2022 from 231 million units to 238.5 million units.

Huberty expects Apple’s revenue and earnings per share for the June fiscal quarter to be 74.7 billion and 1.02 US dollars, respectively, higher than Wall Street’s consensus estimates of 72.9 billion and 1 US dollars. She believes that investors can buy Apple stock before the iPhone 13 is released.

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