Reported 6 months ago
Analysts at Bank of America Securities have upgraded Lyft stock from Underperform to Buy, citing the rideshare company's substantial improvements in cost management, innovation, and share count dilution. The upgrade follows Lyft's investor day update and increased bookings forecast, with the analysts highlighting positive changes since their underperform rating in September 2022, including the introduction of Lyft Media for in-app advertisements. Market reactions and further insights can be found in Market Domination's latest episode, featuring a double upgrade and an exclusive interview with Lyft CEO David Risher.
Source: YAHOO
Reported 6 months ago
US stocks dropped as investors reacted to the May jobs report, which exceeded expectations with 272,000 jobs added but raised concerns with the rise in unemployment to 4.0%. The report's impact reset the market outlook, pushing the likelihood of a Fed interest rate cut to December from September. The strong payroll data contradicted recent signs of a cooling US economy and dampened hopes for a July rate cut, contributing to a slight drop in US indexes on Friday despite a weekly gain.
Source: YAHOO
Reported 6 months ago
Stocks closed slightly lower on Friday, but the DJI, GSPC, and IXIC all posted weekly gains driven by the stronger-than-expected May employment report showing the US added 272,000 jobs, exceeding economists' forecasts of 180,000. The market saw a mixed picture with the Dow trading slightly higher at 3 p.m. before dipping later, while the S&P 500 and NASDAQ also saw minor declines. Financials led the sector action, with tech and industrials following. This article was summarized by Stephanie Mikulich.
Source: YAHOO
Reported 6 months ago
The US dollar has reached its highest level in a month, with a Bloomberg gauge showing its longest weekly winning streak since February. Expectations of a near-term Federal Reserve rate cut have diminished as the US economy remains strong, leading to the dollar benchmark rising nearly 0.8%. The swaps market now predicts the first rate cut by the Fed will not happen before December, with economists at Citigroup and JPMorgan revising their expectations. The dollar's strength has surprised some investors, prompting them to buy back the US currency.
Source: YAHOO
Reported 6 months ago
Keith Gill，也被稱為「Roaring Kitty」，在領導 2021 年的 GameStop 虧空後回歸直播，重新確認對 GameStop（GME）的信心。Reddit 的 WallStreetBets 論壇主持人 Noor Al 和 Stocktwits 的市場研究負責人 Tom Bruni 加入 Market Domination 討論 Roaring Kitty 的回歸及對迷因股票意味著什麼。Al 表示，如果你是短期交易者，你會喜歡這種波動性；如果你打算長期持有，你會對 GameStop 現在擁有 50 億美元現金感到興奮。Bruni 說，直播展現了 Roaring Kitty 的「終極投資理念」，即對 Ryan Cohen 的一個「賭注」：「他實際上只是押注遊戲站現在擁有大量資金，並且相信 Ryan Cohen 是可以帶領公司的人。」然而，Al 指出，某些 WallStreetBets 社區成員將 Cohen 視為「壞人」，因為他決定提前發布收益報告，最終阻礙了漲勢。Bruni 鼓勵想要參與迷因股票趨勢的投資者「要了解你正在參與的遊戲。如果你是短期交易者，這很棒。如果你是長期投資者，那麼你正在等待這些公司真正告訴你，我們將如何處理我們所遇到的這個好機遇？」
Source: YAHOO
Reported 6 months ago
Three US lawmakers are urging for increased scrutiny of the NewsBreak app in the United States, citing its Chinese origins and use of AI tools to generate inaccurate stories. Concerns were raised regarding NewsBreak's ties to Chinese investors, the presence of its engineers in China, and its shared interests with Chinese companies. The company refuted claims of being Chinese-owned, stating it is an American company. The lawmakers emphasized the importance of transparency about any connections to the Chinese Communist Party, particularly with the use of opaque algorithms and AI tools in news production.
Source: YAHOO
Reported 6 months ago
Snowflake Inc.正在努力要求其客戶實施更強大的安全控制，因包括Advanced Auto Parts Inc.和Live Nation Entertainment Inc.在內的公司正在調查潛在的數據駭客入侵。這家基於雲端的數據分析公司表示，黑客正在針對一些客戶帳戶，並使用資訊竊取恶意軟件或已購買的憑證試圖入侵未設定多因素驗證的用戶。他們正在發展計劃，要求客戶採取高級安全措施，例如設立MFA（多因素驗證）。
Source: YAHOO
Reported 6 months ago
The article discusses the possibility of a market recovery in the freight industry, noting trends such as soaring container costs, Red Sea attacks affecting shipping lead times, and job losses potentially driving the recovery. Data reveals fewer active freight brokerages over the years, and the dialogue at events like Future of Supply Chain '24 reflects cautious optimism. The piece also highlights a concerning incident involving a bride-to-be in Utah and promotes secure load transport practices. Overall, there are signs pointing to a possible recovery in the market.
Source: YAHOO
Reported 6 months ago
At the Taipei International Computer Show closing on June 7, 2024, tech stocks pulled back, with the Taiwan Stock Exchange closing down 44 points at 21,858. Despite this, the market saw a weekly increase of 684 points, the largest in nearly three months, driven by the hype around AI at the event. Instead of AI, non-tech sectors like electronics, construction, green energy, and biotech surged. With AI stocks experiencing profit-taking, other sectors like electrical appliances, machinery, and cables performed well, reflecting a shift in market sentiment. Looking ahead, analysts predict the index will enter a period of consolidation, highlighting industries like construction and biotech, which are gaining momentum with upcoming events like the BIO 2024, with 80 Taiwanese companies showcasing their strengths.
Source: YAHOO
Reported 6 months ago
The COMPUTEX 2024 in Taipei, which ran for four days until June 7, 2024, saw a significant growth in scale with a total of 85,179 attendees, including leading tech buyers and professionals from countries such as Japan, the US, China, South Korea, Hong Kong, Singapore, India, Vietnam, Thailand, and the Philippines. The event focused on 'AI Connectivity, Co-creating the Future,' showcasing AI-driven PCs from Acer and Asus and innovations in smart technologies like automotive solutions, communication products, and advancements in the metaverse technology demonstrated by various companies, highlighting the latest trends in the tech industry.
Source: YAHOO
Reported 6 months ago
Moody's Ratings has stated that Taiwan's banking industry is expected to maintain a highly diversified market structure with intense competition, limiting banks' ability to increase profits and capital levels. The current 'a/Stable' operating environment rating reflects favorable economic factors expected to support the industry's asset quality in the next two years. Although Taiwan's per capita GDP is projected to exceed $35,000 by 2025, structural factors like market competition constrain the possibility of an upward revision to an 'aa' rating. Moody's forecasts stable regulatory oversight on real estate-related loans in Taiwan, which have triggered credit risk concerns, but tighter regulations imposed since 2020 have helped mitigate risks and curb excessive loan growth, reassuring stable asset quality.
Source: YAHOO
Reported 6 months ago
According to Chen Yiguang, Chairman of First Securities Investment Trust, recent economic data announcements from Europe and America revealed economic slowdowns, with the Eurozone reporting a decrease in retail sales and the US facing higher initial jobless claims. The European Central Bank's decision to cut interest rates reflects confidence in future inflation trends, while the COMPUTEX trade show highlighted AI applications across industries, particularly with the upcoming release of NVIDIA's new AI server chips. Additionally, the AI industry is poised for growth, especially in custom ASIC chips, as the global AI semiconductor market is projected to grow at a rate of 25% to 30% annually between 2020 and 2028.
Source: YAHOO
Reported 6 months ago
Guoyang Industries General Manager Peng Shaoling stated that 2024 will see the launch of five new projects, including residential projects in Xindian and Keelung, as well as office projects in Xindian, Ximeng Road in Xizhi, and Zhongyi Section in Tucheng. Guoyang has been transitioning to a holding company and focusing on residential and commercial markets, aiming to raise the proportion of commercial developments to over 50% of total sales. The company is optimistic about the industrial upgrade demand and finds the business-office market more favorable than residential in terms of financing, development time, interest costs, fund turnover rate, and profit margins, hence planning to continue expanding its commercial layout. Additionally, Guoyang is venturing into public renewal projects and has secured two large projects in Kaohsiung to mitigate potential debt-to-asset ratio risks and avoid credit constraints on real estate financing imposed by banks. Looking ahead in 2024, the company expects significant progress in property deliveries, with the completion of various projects in the following years contributing to substantial sales revenues.
Source: YAHOO
Reported 6 months ago
NVIDIA is set to implement a 1-for-10 stock split after hours on June 7, aiming to attract more retail investors with the price per share dropping to around $120. Despite recent bearish activities surpassing Apple and Tesla, analysts are optimistic about NVIDIA's stock price post-split. Fueled by the AI boom, NVIDIA's market value exceeded $3 trillion, ranking second globally, trailing Microsoft. However, concerns over high share prices deter some retail investors from joining the AI investment frenzy, but the post-split price is expected to be more appealing. Analysts forecast continued growth in NVIDIA's stock price post-split due to strong performance and high demand for AI chips.
Source: YAHOO
Reported 6 months ago
Tainan (1473) has shown continuous growth in operations since the beginning of the year, with profits in the first quarter exceeding market expectations. Institutional and investment buyers have been buying on dips, causing the stock price to soar to a new high of 55 NT dollars at the close on the 7th after hitting the limit up shortly after opening, the highest in over a decade. Short-term moving averages are trending upwards, and the stock price has been steadily rising above the weekly trend over the past ten trading days. With strong momentum in the short to medium term and increasing volume steadily, various short-term technical indicators remain bullish, indicating further upside potential. However, caution is advised against any divergence between price and volume which may lead to profit-taking pressure in the short term. Accumulated consolidated revenue for the first five months increased by 27.98% year-on-year; with the industry's economy picking up, market expectations for the second half's operations are high.
Source: YAHOO
Reported 6 months ago
Shani's integrated marketing held its second visit event of the year at LG Electronics Taipei office, attracting over 50 designers to enjoy a knowledge feast combining interior design and smart technology. CEO Hong Jingfu expressed LG's commitment to developing smart home appliances, combining technology and design to attract homeowners who value lifestyle quality. The event provided designers with valuable insights. LG's IoT-enabled Objet Collection with Wi-Fi integration and stylish design elements offers convenience through AI technology. LG OLED TVs and appliances cater to various space needs, while their Wi-Fi dual inverter air conditioners allow for remote control and energy monitoring via smartphones, providing personalized services, and enhancing the shopping experience through the LG official online store. Design director Li Yixuan praised LG's fashionable and practical approach, making smart appliances blend seamlessly with living spaces and improve daily life.
Source: YAHOO
Reported 6 months ago
Tempura Sugimura founder Sugimura Hiroshi mentioned the difficulty in frying tempura items like tempura donburi due to the diverse combination of ingredients. The restaurant offers premium dishes like Japanese A5 Wagyu beef fillet tempura and emphasizes a 'crispy' texture over a 'crunchy' one. The restaurant, part of the Orange Exchange in Taipei, imports ingredients from Japan and locally sources high-quality seasonal items, providing a unique dining experience under the guidance of Taiwanese chef Chen Weihan.
Source: YAHOO
Reported 6 months ago
The Taiwan stock ETF funds are undergoing major changes as the index components for the latest quarter adjustment were announced on June 7, 2024. The most notable change is the addition of Chi Mei and removal of Chang Yung among the Taiwan 50 index components. This adjustment, effective from after-hours trading on the 21st, also impacts other indices like Taiwan Mid Cap 100, Taiwan Information Technology, and Taiwan High Dividend Yield, with notable additions and deletions resulting in significant volume and price fluctuations expected for related stocks.
Source: YAHOO
Reported 6 months ago
Two schools in Long Island, New York's Port Washington district recently went into lockdown due to the popular 'Senior Assassin' game among teens, where high school seniors shoot each other with squirt guns or Nerf guns. The game, although initially intended for fun, has led to real incidents causing harm and sparking safety concerns among adults. Dr. Courtney Conley warns of the risks involved, such as misunderstanding by bystanders, unsafe behavior, location sharing, and potential escalation of conflicts. Parents are advised to set clear rules and parameters if their children choose to participate in the game.
Source: YAHOO
Reported 6 months ago
本文討論政府過度介入經濟領域可能帶來的負面影響。從台灣政府對能源政策的影響到中國大陸對房地產市場的干預，以及美國政治力量對市場經濟的影響，都顯示政治手伸進經濟領域應當謹慎，避免對市場機制造成破壞和經濟上的損害。儘管政策可能符合特定政治目標，但過度干預仍將影響經濟的正常運作。
Source: YAHOO
Reported 6 months ago
On June 7, 2024, market estimates predict that the US inflation needs to drop to 2%, which may take a long time. However, foreign banks point out that recent economic data shows signs of slowdown, with the upcoming May unemployment rate expected at 3.9%. If this rate is met, a rate cut in September is likely to be maintained for this year; if it is lower than expected, the possibility of a rate cut may be reconsidered or delayed. Various economic indicators suggest that inflation is slowly declining, allowing the Federal Reserve to temporarily hold rates steady and delay emergency rate hikes due to inflation pressures.
Source: YAHOO
Reported 6 months ago
Lei Zhongda, the chairman of the Banking Association, led a group to San Francisco and Silicon Valley for the first time to visit US financial innovation regulatory agencies like FRBSF and DFPI, as well as tech giants NVIDIA and Google, to learn from American financial innovation experiences and enhance digital financial competitiveness. This visit aimed to understand the leading strategies and practical experiences of combining AI, cloud technology, and information security in the financial technology field, with 37 representatives from Taiwan's financial industry participating in the '2024 US Financial Technology and Cybersecurity Industry Study Tour'.
Source: YAHOO
Reported 6 months ago
Despite the seasonality in the motherboard and graphics card industry, Gigabyte's May revenue remains stable above 20 billion NT dollars, supported by the advantages of AI servers. ASUS and MSI also maintain double-digit annual growth momentum with new AI PC shipments and steady graphics card business. The overall positive outlook includes the expectation of increased demand in the PC market, driven by the advancements in AI technology and gaming products, setting the stage for a year of explosive growth in the AI server business for Gigabyte. In addition, ASRock sees strong growth in server business, while ASUS and MSI achieve significant revenue growth in May, positioning them for a year of positive growth.
Source: YAHOO
Reported 6 months ago
On June 7, 2024, HTC (2498) is set to launch a new generation of HTC phones, along with the announcement of the upcoming VIVE XR Elite deluxe upgrade. Fueled by positive news, the stock price performed strongly on the 7th, opening at 42.9 yuan and steadily rising to reach 47.1 yuan during trading, closing at 46.15 yuan, a gain of over 7%. HTC's May revenue was 191 million yuan, up 10.2% from the previous month but down 46.9% from the same period last year; cumulative revenue for the first five months of this year was 959 million yuan, a 41.4% annual decline. The market anticipates a boost in future revenue performance following the launch of the new HTC 2024 model on June 12.
Source: YAHOO
Reported 6 months ago
Formosa Plastics' four major subsidiaries all reported increased revenues for May, totaling NT$136.654 billion, a 12.6% increase from the previous month and a 13% year-on-year growth. The company expressed optimism due to warming demand, scheduled maintenance of 14 light cracking plants in Asia, recent issues in maritime shipping leading to concerns of material shortages, and increased purchasing intentions boosting the petrochemical market. The company foresees steady revenues for June, with Q2 outperforming Q1; Nan Ya and Formosa Plastics expect stable revenues for June and Q2. As oil prices trend downwards, Formosa Plastics remains hopeful for Q3 as building inventory levels and travel demand may rise during summer, aided by OPEC+ maintaining production discipline. The companies actively expanding into Southeast Asia markets such as Vietnam, Thailand, Myanmar, Cambodia, Bangladesh, and India, foreseeing sales growth of over 10% for the second half of the year.
Source: YAHOO