Wired
News from November 26, Beijing time, although the number of initial jobless claims last week hit a five-week high to suppress the Dow and the S&P 500 index fell, the Nasdaq hit a record high. As of the close, the Dow fell 173.77 points, or 0.58%, to close at 29,872.47; the S&P 500 index fell 5.76 points, or 0.16%, to close at 3,629.65 points; the Nasdaq rose 57.62 points, or 0.48%, to close at 12094.4. point.
Most major US technology giants rose:
Figure 2: Major US technology giants
Most major Chinese technology stocks fell:
Figure 3: Major Chinese technology stocks
China Concept Stock Price
Other Chinese concept stocks were mixed, among which companies that rose were:
Figure 4: Other Chinese concept stocks rising
Companies that were on par with the previous trading day include:
Figure 5: Other Chinese concept stocks that were unchanged from the previous trading day
Companies that fell include:
Figure 6: Other Chinese concept stocks that fell
Figure 7: The famous American Finance and Economics said it would not recommend Mavericks electric, or fell to 20 US dollars
American financial celebrity Jim Cramer (Jim Cramer) mentioned in a column on Tuesday evening local time that the Mavericks have been rising rapidly in recent months. He said that in view of the fact that the Mavericks electric rose has been quite high this year, and the profit in the most recent quarter is far less than expected, he will not recommend this stock to investors. The stock price of Mavericks has soared from about $6 in March and April this year to $37 recently. Although the 50-day and 200-day moving averages are still positive, they are two lagging indicators. The energy tide indicator shows that the Mavericks electric stock price will fall, and other indicators also indicate that the Mavericks electric stock price will adjust. Studies have shown that Mavericks Electric’s stock price may fall to US$25, or even around US$20. In today’s regular trading, Mavericks Electric shares fell 2.1 US dollars, or 6.34%, to close at 31 US dollars.
Figure 8: JD Health plans to go to Hong Kong for IPO, raising up to US$4 billion
JD Health plans to go public in Hong Kong and raise US$3.4 billion. It will become the largest health company IPO in Asia. If the pricing reaches the upper limit of the price range, the market value of JD Health will reach 28.5 billion U.S. dollars; the underwriters will exercise over-allotment rights, and JD Health’s financing scale will reach 4 billion U.S. dollars. According to data, JD Health plans to sell 381.9 million shares in the IPO at a price range of 62.8 to 70.58 Hong Kong dollars. JD Health’s prospectus shows that in terms of revenue, it is China’s largest online health platform, reaching 10.8 billion yuan last year. According to Frost & Sullivan’s data, JD Health is still the largest online pharmaceutical retailer, with a market share of 29.8% and active users at mid-year of 72.5 million, a year-on-year increase of 35%. The IFR published an article that JD Logistics, a subsidiary of JD.com, may consider listing in Hong Kong, raising at least US$5 billion and having a market value of approximately US$40 billion. JD Digital, a subsidiary of JD.com, submitted application materials for listing on the Shanghai Science and Technology Innovation Board in September. According to data from JD Health, six major investment institutions, including Singapore Wealth Sovereign Fund GIC, Hillhouse Capital, Tiger Global and Blackstone, have invested US$1.35 billion in it. JD Health may start trading on December 8. The shares sold in the IPO are equivalent to 12.2% of JD Health’s equity, and the underwriter’s exercise of over-allotment rights will increase this ratio to 13.8%. Underwriters include Bank of America Merrill Lynch, Haitong Securities and UBS. JD.com holds 81% of JD Health and said it will remain a major shareholder after the IPO. JD Health plans to use the funds raised through the listing to expand business in the Chinese market. In the first six months of this year, JD Health’s revenue reached 8.8 billion yuan, but its losses were as high as 5.4 billion yuan. Excluding the one-time cost of preferred stock conversion, JD Health’s profit is 371 million yuan.
US/Foreign Technology Stocks
Most other foreign technology stocks rose, among which companies that rose include:
Figure 9: Other foreign technology stocks rising
Companies that fell include:
Figure 10: Other foreign technology stocks that fell
Figure 11: Analysts say Apple AirPods and iPhone 12 will become hot products in the Christmas sales season
Wedbush analyst Daniel Ives (Daniel Ives) released an investment report on Wednesday, saying that Apple’s AirPods and iPhone 12 will become hot products this Christmas season. He said, “With the advent of Black Friday, the Christmas sales season kicks off. Due to the large discounts, consumer demand for AirPods Pro will increase substantially.” Ives estimates that AirPods sales will reach approximately 18 million in the next month. Vice, once again become the “star of the Black Friday and Christmas sales season. AirPods sales will exceed 90 million units this year, and the new models launched in April/May next year will drive sales of 115 million units next year.” Ives said that recent research has made him more optimistic about the demand for the iPhone 12 in the Chinese and American markets. In the US market, demand for iPhone 12 Pro is “obviously quite high”, and demand for Pro Max is also very strong. This is obviously positive for the average selling price of iPhone 12 in fiscal 2021. He said, “We believe that the supply chain is expected to sell 80 million iPhone 12s in the early stage of the release.” Ives estimates that of the 950 million iPhones in the world, 350 million are in the upgrade window. He believes that with With the advent of the Christmas sales season, “this will turn into an unprecedented upgrade cycle.”
Figure 12: Tesla plans to start producing car chargers in China next year, and its stock price will rise more than 3%
Affected by news that it will start producing electric car chargers in China, and recall 9,500 Model X and Model Y vehicles, Tesla’s stock price today is showing a trend of driving low and going high. Reuters quoted Tesla’s submission to Chinese regulatory authorities as saying that Tesla plans to invest US$6.4 million in a new factory and start producing electric car chargers in China next year. The new plant is not far from Tesla’s Shanghai electric car production plant, which can produce 10,000 chargers per year. Tesla also stated that it plans to complete the construction of the new factory in February next year. Currently, Tesla imports chargers from the United States and has stated that it plans to expand its charging network in China to provide users with better services. Tesla’s Shanghai plant plans to produce 150,000 Model 3s this year and has already begun exporting to the European market. The National Highway Traffic Safety Administration said on Wednesday that Tesla will recall 9,136 Model X models with production dates from September 17, 2015 to July 31, 2016 due to potential safety hazards. Tesla will also recall 401 Model Y vehicles. On October 23, Tesla recalled 50,000 electric vehicles in the Chinese market. In addition, China’s National Development and Reform Commission plans to investigate new energy vehicle investment projects, which may affect Tesla’s competitors in the Chinese market, and may be a reason for Tesla’s stock price rise today. Tesla closed at 555.38 US dollars on the previous trading day, and today’s opening price was 540.4 US dollars, an increase of 18.62 US dollars, or 3.35%, to close at 574 US dollars.