Electricity power stocks lit up midday trading today. Hua Dian Power ($HUADIAN POWER 01071.HK$) charged up by 1.59%, while Huaneng Power ($HUANENG POWER 00902.HK$) saw an increase of 2.33%, and Da Tang Electric Power ($DATANG POWER 00991.HK$) surged close to 1%. Other Market Notables Include: Great Wall Motors ($GWMOTOR 02333.HK$) has made its debut in Mexico and has officially entered the Mexican market. Air China ($AIR CHINA 00753.HK$) reported a fire incident on flight CA403. Preliminary investigations suggest that the fire was due to mechanical failure in the engine. Guangzhou Automobile Group ($GAC GROUP 02238.HK$) reported sales of 49,500 new energy vehicles in August, marking a year-on-year increase of 62.68%. Software publishers company CMGE Technology Group ($CMGE 00302.HK$ .HK) h

According to Sina Finance quoting sources familiar with the matter, Tesla is set to officially launch its new Model 3, codenamed "Project Highland," on Friday, September 1st. The company has reportedly mobilized its workforce in preparation for the arrival of the new Model 3.

The Dow Jones Industrial Average rose Thursday, the last day of the month, as Wall Street tried to stretch a late-August winning streak to five sessions. The Dow climbed 136 points, or 0.4%. The S&P 500 gained 0.2% along with the Nasdaq Composite. The Dow got a boost from $salesforce.com, inc. CRM$ . Shares advanced more than 5% after the software company announced fiscal second-quarter results and third-quarter guidance Wednesday that exceeded analysts’ expectations. Investors are coming off a positive session, with the S&P 500 ending Wednesday 0.4% higher. The Dow Jones Industrial Average added 37.57 points, or 0.11%. Meanwhile, the tech-heavy Nasdaq Composite gained 0.54%. It was the fourth winning day in a row for the three major averages. These gains helped the major indexes t

Celsius (NASDAQ:CELH) recently reported strong financial results for the second quarter, crushing Wall Street estimates on the top and bottom lines. This strong fundamental performance has catapulted the stock even higher over the past couple of weeks. That continues a rewarding trend for investors as shares of this booming beverage business are up 4,000% over the past five years. This gain is astronomically higher than either the S&P 500 or the Nasdaq Composite Index. While the immediate reaction from investors is probably to buy shares and ride the momentum, I think it's a better idea to adopt a more cautious approach. The best thing to do is to learn about key bull and bear arguments for Celsius. Continue reading to find out why the stock is a screaming buy and why investors should

The automobile sector heads into the last four months of the year with a mix of reasons for investors to be bullish or bearish. Supply chain issues and chip shortages have improved from a year ago, but higher interest rates, persistent inflation pressure, and the increased focus on profitability with EV names has clipped sentiment. Bank of America estimated that August U.S. light vehicle sales will increase 16% year-over-year in August on a selling day adjusted basis, which would result in a SAAR of 15.4M vs. 15.7M in July. The firm said some of the softness in fleet sales that occurred in July likely continued into August, but thinks it was primarily due to seasonality. Looking ahead, analyst John Murphy and team think that despite the encouraging trends seen so far this year, the U.S. au

Maoyan Entertainment's (HKG:1896) attributable profit surged to 406.6 million yuan, or 0.36 yuan per share, in the first half, from 151.9 million, or 0.13 yuan per share, in the year-ago period, a Thursday filing said. Analysts at Visible Alpha estimated earnings per share at 0.32 yuan during the half. Revenue at the entertainment company nearly doubled to 2.20 billion yuan from 1.19 billion yuan in the year-ago period, the filing said. Visible Alpha analysts forecast revenue at 1.97 billion yuan. Shares fell over 5% during Friday's morning trading. Price (HKD): $9.14, Change: $-0.36, Percent Change: -3.79%

Tech commentaries: The China Automotive Systems stock price fell by -3.41% on the last day (Friday, 11th Aug 2023) from $5.28 to $5.10. During the last trading day the stock fluctuated 9.00% from a day low at $5.00 to a day high of $5.45. The price has been going up and down for this period, and there has been a -4.14% loss for the last 2 weeks. Volume has increased on the last day by 51 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 84 thousand shares were bought and sold for approximately $427.74 thousand. The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.01 is broke

Current trend Shares of MasterCard Inc., one of the largest American multinational companies providing payment transaction services, are correcting at 393.00, steadily holding in an uptrend, despite some disappointment of investors with data from China. Major payment operators such as Visa Inc. and Mastercard Inc. continue to actively expand into the Chinese market, and the main bet this year was made on a significant increase in citizens' travel expenses after the lifting of quarantine restrictions. Nevertheless, statistics recorded an increase of only 50.0% from the levels of 2019. In turn, China's gross domestic product (GDP) added 0.8% in Q2, which is significantly lower than the 2.2% shown earlier. In this regard, the company reported revenue, which is slightly inferior to initial est

Current trend US stock markets continue to correct and this week their dynamics depends more on macroeconomic statistics than on financial data of companies. At the moment, the quotes of the S&P 500 index are correcting at 4479.0. July data on inflation in the USA will be published today, and analysts assume that the indicator will return to growth after more than a year of downward dynamics, reaching 3.3% from 3.0% earlier, which somewhat alarms investors after a fairly successful reporting period. Despite the rather negative outlook, the indicator of the Chicago Mercantile Exchange CME FedWatch Tool assumes that the interest rate will remain at the September meeting with a probability of 86.5%. Earlier, the financial report for Q3 was presented by the leader of the global entertainme

Current trend The shares of Raytheon Technologies Corp., an American aerospace and defense conglomerate, are held in a sideways range of 87.50−84.38 after a serious drop two weeks ago. Recall that the pressure on the issuer's quotes was exerted by the identification of a technical problem with Pratt & Whitney engines produced by the company for Airbus A320neo aircraft. As a result, about 1.2K out of 3.0K delivered devices should be decommissioned to check for microcracks, which in the future may lead to financial losses, even despite strong financial indicators: in Q2, earnings per share amounted to 1.29 239.00, and revenue — to 18.32B 239.00, surpassing preliminary estimates. A number of experts believe that Airbus may refuse to cooperate with Raytheon Technologies Corp. and turn

Current trend The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00. The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%. Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in internation

Current trend The stocks of one of the leaders of the global entertainment industry, The Walt Disney Co., are trading within the framework of a long-term downward trend, but in the last two weeks the decline has slowed down: the price has reached 87.50, which it cannot yet overcome. The market is in a state of uncertainty before two key events: the publication of quarterly statements of the issuer and July data on inflation in the USA. According to the consensus forecast, earnings per share could be 0.99 dollars, which is 9.2% less than in the same period last year (1.09 dollars). Revenue on an annualized basis is likely to reach 22.53B dollars, an increase of 4.8%. Nevertheless, analysts fear a possible reduction in the number of subscribers to the Disney+ service by 1.7M people amid cont

Current trend The leading index of US technology companies Nasdaq 100 shows corrective dynamics in the area of 15369.0 against the background of continuing expectations of investors about the retention of the US Fed interest rate at the current level at the September meeting. Since the rate is a key factor determining the profitability of issuers, the higher it is, the more expensive it is to borrow, due to which most of these companies can carry out their activities. At the moment, the probability that the monetary authorities will take a pause in the "hawkish" course and will not adjust the parameters of monetary policy is estimated by the Chicago Mercantile Exchange (CME) FedWatch Tool indicator at 85.5%. Thus, there will be no reduction in the debt burden, and the pressure on the Nasda