US stocks three major index closed up, US oil and cloth oil fell nearly 4% to a two-month low

Release time：Jun 04, 2019 From：admin

On the Thursday of the US East, the three major US stock indexes closed up slightly. At the close, the S&P 500 index closed up 5.80 points, or 0.21%, to 2788.87 points. The Nasdaq index closed up 20.40 points, or 0.27%, to 7567.72. Point; the Dow Jones index closed up 43.50 points, or 0.17%, to 25,169.88 points. On the disk, with the fall in oil prices, the energy sector was among the top losers, falling more than 1%. US stocks and technology stocks fell collectively, and Tesla fell more than 1%. China's stock market Weilai Auto fell more than 10%. Yesterday, Bank of America Merrill Lynch downgraded the company's rating to sell, and smashed its target price.

In the commodity market, international oil prices fell sharply, hitting a two-month low. At the close, WTI July crude oil futures closed down 2.22 US dollars, down 3.77%, to 56.59 US dollars / barrel. Brent July crude oil futures closed down 2.58 US dollars, down 3.71%, to 66.87 US dollars / barrel.

It is worth noting that, according to data from the Bitstamp platform, Bitcoin once broke the $9000 mark and hit a one-year high.

According to data released by the US Department of Commerce before the market, the US real GDP annualized quarterly correction rate was 3.1%, which was lower than the initial value of 3.2%, slightly higher than the expected 3%.

Federal Reserve Vice Chairman Richard Clarida said that the US economy is currently in a very good position, but if there are signs that inflation continues to be insufficient or other risks, policy makers are ready to adjust their policies. He said: "The US economy is in a very good place, the unemployment rate is close to the 50-year low, inflationary pressures are low, inflation is expected to be stable, GDP growth is stable, and it is expected to remain so."

He also said that there are multiple indications that interest rates are in the right position and that the economy is close to the Fed's target.

Global financial attention

US first quarter GDP growth rate was slightly revised down to 3.1%

According to data released by the US Department of Commerce on Thursday, the US real GDP annual growth rate in the first quarter increased by 3.1%, expected to increase by 3%, and the initial value increased by 3.2%.

The alarm sounded! US stocks' important moving averages broke through the stack of US debts. The Fed’s probability of interest rate cuts soared to 82%.

With the mid-to-long-term moving average of US stocks falling overnight, panic selling may come out as the technical surface continues to deteriorate. Morgan Stanley believes that the US bond yields have been listed as an early warning to the US economy.

Against the market trend! This institution is preparing to short the US debt

According to reports, Aberdeen Standard Investment Management is currently selling US Treasury bonds, as the company believes investors believe that the Fed will cut interest rates this year is too optimistic.

The world's largest debt-based PIMCO night can't be smashed: an unprecedented crash is coming

The world's largest bond brokerage company predicts that a big turmoil is about to hit, while the central bank has lost control.

The three major negative factors pressure the top of the strong dollar to go to the end?

The fundamentals are getting worse, and with the addition of multiple bearish signals, the strong dollar may really end.

US stock company news

Dutch chipmaker NXP said on Wednesday that it will acquire the wireless connectivity business of Marvel Technology from $1.76 billion in cash to provide its customers with a richer product portfolio. The division brought $300 million in revenue to Maiwell Technology in FY 2019, and NXP expects this number to double by 2022.

Barclays analysts cut Tesla's target price from $192 to $150, and the new target price is 21.0% lower than yesterday's closing price of 189.86. Earlier, Tesla founder and CEO Elon Musk said that it would take a lot of effort to achieve record deliveries this quarter.

Cloud computing company Twilio plans to sell $750 million in Class A stocks and offer underwriters an option to sell an additional $112.5 million in stock. Based on the closing price of US$129.17 on Wednesday, the number of shares sold was approximately 6.7 million shares, accounting for 5.32% of Twilio's current 126 million outstanding shares. Twilio said it intends to use the proceeds from the offering for “general corporate purposes, which may include acquisitions of other companies or businesses, refinancing or repayment of debt, capital expenditures, working capital and share buybacks.”

Calvin Klein's parent company PVH's adjusted US stocks for the three months ended May 5 were $2.46, up 4.2% from the same period last year and only one cent higher than Wall Street expects; sales rose 1.8% to $2.36 billion. Slightly lower than analysts' estimate of $2.37 billion. PVH currently expects the company's non-GAAP earnings per share for the full year to be between $10.20 and $10.30, down 10 cents from previous estimates. Emanuel Chirico, CEO of PVH, said that looking ahead, the turbulent and challenging macroeconomic environment will continue into the second quarter, with the US and China retail markets particularly weak.

US daily-goods retailer American Dale’s net sales increased 8.3% year-on-year to US$6.62 billion, exceeding Wall Street’s forecast of US$6.56 billion; same-store sales increased 3.8%, far exceeding Wall Street’s expectations of 2.88%; operating profit increased 4.5%. To $512.2 million; adjusted earnings per share of $1.48, exceeding Wall Street’s expectations of $1.39. The company has returned $283 million to shareholders through share buybacks and cash dividends, of which approximately $200 million in common stock was repurchased. The board also announced a second quarter 2019 cash dividend of $0.32 per share.

Boeing 737 Max's first compensation plan exposure: millions of euros deducted from the purchase price. According to the Irish Independent, yesterday, Ireland’s low-cost airline, Ryanair, is reported to have reached an agreement with Boeing on the loss caused by the Boeing 737 Max aircraft grounding and delayed delivery of new aircraft. According to the agreement, Boeing will compensate Ryanair for millions of euros, but the payment is not paid in cash, but is deducted from the purchase of Ryanair. However, the two sides did not confirm the news.

China Stock News

Mushroom Street's fourth-quarter total revenue was RMB 217.6 million (US$32.4 million), up 15.9% year-on-year; the net loss attributable to ordinary shareholders in the fourth quarter was RMB 140.8 million (US$ 21 million) Compared with the same period of the previous year, the net loss of RMB 154.7 million was narrowed; the loss per ADS in the fourth quarter (1.32 yuan) was significantly narrower than the loss of 7.02 yuan in the same period last year. In addition, Mushroom Street announced that the board of directors has authorized the company to repurchase shares of no more than $15 million in the next 12 months.

In the first quarter of 2019, Easy Car Network's revenue was 2.73 billion yuan ($407.5 million), an increase of 26.0% over the same period of 2018, exceeding the company's guidance high-end; operating profit was 57.8 million yuan ($8.6 million) In the same period of 2018, the operating loss was RMB 313.3 million (US$46.7 million); the net profit was RMB 92.8 million (US$13.8 million), while the net loss for the same period in 2018 was RMB 288.3 million (US$43 million). In the first quarter of 2019, non-GAAP adjusted the income per ADS by 1.68 yuan (US$0.25), far exceeding the market expectation of 1.11 yuan.

Easy Car Network currently expects revenue in the second quarter of 2019 to be between 2.7 billion yuan ($402.3 million) to 2.8 billion yuan ($417.2 million), an increase of 5.3% to 9.2% over the same period in 2018.

According to reports, H Chain Hotel held a press conference in Chengdu, announcing the strategic investment of China Living Hotel Group (NASDAQ: HTHT) and IDG Capital. The H Hotel was established in January this year to locate the OYO hotel, a single hotel brand that has expanded rapidly in the past two years. H Chain Hotel CEO Xia Qingning said, “H chain hotel's target market is a mid-end quality single hotel with an average room price between 120 yuan and 400 yuan.” Since its establishment 100 days ago, H Chain Hotel has covered 80 cities across the country. More than 500 hotels have joined the hotel, and the total number of rooms exceeds 30,000.

New Oxygen Technology announced its first financial report after the listing. The company's total revenue for the first quarter was RMB 206.1 million (US$30.7 million), an increase of 81.2% year-on-year; net profit was RMB 45.9 million (approximately 6.8 million) US dollar), a year-on-year increase of 50%.