Wealthy Consumers Upped Their Spending Last Quarter, While the Rest of America Is Cutting Back
Boeing, Goldman Sachs Share Gains Contribute To Dow's 280-Point Jump
Morgan Stanley strategist Wilson: The weakness of the dollar will support US stocks outperforming Other global markets.
Michael Wilson of Morgan Stanley stated that a weaker dollar will support corporate earnings in the USA, helping American stocks outperform Other global markets. As many Wall Street strategists believe the era of American exceptionalism is coming to an end, Wilson uniquely believes that the USA remains a relatively good investment choice. He pointed out that the lower volatility of corporate earnings growth and the perception of higher quality among American companies are other reasons supporting this view. "We are still in the later stage of the cycle, where high-quality firms and large-cap stocks are expected to continue to perform well," he wrote in a report on Monday. Wilson expects
J.P. Morgan: Downgraded HKEX rating to 'Neutral' with a Target Price of 340 Hong Kong dollars.
JPMorgan released a research report stating that since early April, the stock price of HKEX (00388) has rebounded approximately 14% from its low, compared to an 11% rise in the Hang Seng Index during the same period. As recent market trading volumes have returned to more normal levels from a daily average high of around 2.97 billion yuan, it is reasonable for the average daily trading amount at current price levels to reach between 1.70 billion to 1.90 billion yuan per day. It is suggested that if the stock price rises further, investors may consider taking profits and exiting, and the rating has been downgraded from "Shareholding" to "Neutral," with a target price of 340 Hong Kong dollars.
J.P. Morgan: Long-term rating of "Shareholding" for BYD shares continues to be a top pick.
JPMorgan released a Research Report stating that BYD Company (01211) exceeded performance expectations in the first quarter. Currently, JPMorgan predicts that BYD's sales this year will increase by about 30% year-on-year, reaching approximately 5.5 million Autos, while next year's global delivery is expected to reach 6.5 million Autos. The firm reiterates its long-term "Shareholding" rating and continues to list it as an industry preferred stock, with a Target Price of HKD 600. Based on the bank's communication with management at the Shanghai Auto Show, sales of new models equipped with autonomous driving features have accounted for 60% to 70% of total sales, and it is believed that order volumes will remain stable in the coming months, predicting that BYD will compete in the Chinese high-end Autos market with prices exceeding RMB 0.2 million.
Will the US Stock Market's Rebound Ignite Your Next Trade?
