Meituan's $MEITUAN-W(03690)$ stock has risen 45.5% since I last covered it on January 18, 2024. I believe it's a good time to revisit Meituan, particularly given its Friday closing price of HKD102.10, which is approaching the resistance level I mentioned at HKD107.91in my previous article. 4Q2023 Earnings Review: Revenue surged 22% year-over-year to RMB 73 billion in the latest quarter, while operating income reached RMB 1.7 billion compared to a loss of RMB 731 million in the corresponding period last year. Both revenue and operating income surpassed street expectations. However, the operating margin dropped to just 2.39% in 4Q2024. Operating margin was substantially higher in previous qua

SPDR S&P 500 ETF ( $SPDR S&P 500 ETF Trust(SPY)$ ) rebounded 1.87% in the second week of Jan 2024 whereas the Magnificent Seven is responsible for 70% of the S&P 500's gains during the same period. The Magnificent Seven also drove 105% of the S&P 500's total returns year-to-date. S&P 500 returned 0.34% thus far this year. The substantial contribution of the Magnificent Seven to the S&P 500's gains indicates that 2024 could be another significant year for AI. While owning these seven stocks appears to be the market's "most crowded" trade due to their notable share price rally in 2023, they remain poised to benefit the most from the ongoing AI craze. We think that that only a few large-cap stocks are participating in the celeb

4Q2023 Earnings Review: Tencent’s $TENCENT(00700)$ Revenue increased by 7.07%, and Operating Income rose by 41.96% year-over-year in the latest quarter. The Operating Margin stands at 26.28% for FY2023, the highest in the past six years. VAS revenue shrank by 1.9% year-over-year, while Online Advertising and Fintech & Business Services grew by 20.82% and 15.1% year-over-year respectively in the latest quarter. Moving forward, we expect the weakness in VAS (especially weak gaming revenue) to be offset by margin expansion in Online Advertising and Fintech & Business Services. VAS revenue, accounting for 45% of total revenue, continues its lackluster performance mainly due to lower domestic gaming revenue and decreased Social Networks revenu

Stock Performance: Apple ( $Apple(AAPL)$ ) stock has experienced a 14% decline from its all-time high (ATH) and an 11% decrease year-to-date. The underperformance, particularly in comparison to other Magnificent Seven stocks, can be attributed to several factors: Analysts downgraded Apple stock. Counterpoint Research reported a 24% year-on-year drop in iPhone sales, while Huawei's smartphone sales saw a notable 64% year-on-year increase in the first six weeks of 2024. Source: Countetpoint Technical Analysis: A Double Tops reversal pattern is currently forming, with a target price of USD133.03 anticipated once the stock breaks below the neckline at USD165.24. Considering the weak candlestick pattern, it is plausible that Apple stock might challenge

The S&P 500 has not undergone a correction of more than 2% since reaching its October low last year. This pattern suggests that investors may have succumbed to Fear of Missing Out (FOMO) and engaged in panic buying, particularly due to optimism regarding artificial intelligence (AI). It is anticipated that investors’ concerns and unease may only arise if a correction exceeding 2% occurs within the current year. Fibonacci Expansion still indicates a S&P 500 target price of 6118 for the entire bull run. Nevertheless, the S&P 500  may encounter a strong resistance level at the 61.8% Fibonacci level at 5115, potentially leading to a decline to the 50% Fibonacci level at 4805. Despite the possibility of facing these resistance levels, there is currently no significant shift in