To The Moon

Last Week's Recap

1. The US Market Reversals last Friday, but remained Gains in Jan.

• Market reversal: The $S&P 500(.SPX)$ climbed slightly while the $NASDAQ(.IXIC)$ and the $Dow Chemical(DOW)$ both finished fractionally lower for the third week in a row.

• Fed chair nomination: President Trump on Friday nominated former U.S. Federal Reserve Governor Kevin Warsh to replace Jerome Powell when the current Fed chair’s term ends in mid-May. Warsh now faces Senate confirmation.

• Metals pullback: Gold and silver prices rallied to record highs on Thursday, only to tumble on Friday and finish negative for the week.

• January gain: The U.S. stock market maintained modestly positive momentum in January, with each of the three major indexes posting monthly gains of around 1% to 2%.

• Earnings uptick: As of Friday, analysts projected that earnings for S&P 500 companies rose 11.9% in the fourth quarter, up from an 8.2% forecast the previous week, according to FactSet.

• Bitcoin slide: The price of the most widely traded cryptocurrency was down around 4% for the week

• Crude awakening: The price of U.S. crude oil was up nearly 7% for the week as of Friday afternoon at roughly $66 per barrel.

• Jobs ahead: A monthly jobs report due out on Friday will show whether recent labor market weakness extended into January.

Read more>>https://ttm.financial/news/2608867008

2. U.S. Sectors & Stocks — AI Infrastructure and Energy Outperform on Earnings Clarity

Sectors: The $S&P 500(.SPX)$ rose about 0.3% last week, snapping its prior losing streak. The pullback reflected profit-taking, earnings volatility, a stronger dollar, and renewed uncertainty around monetary policy. Capital continued to favor AI-related technology, payments, and energy, while stocks facing margin pressure or policy risk lagged.

• $Apple(AAPL)$ rose 4.61% after Q1 revenue climbed to $143.76B (+16% YoY) and net income reached $42.10B, driven by record iPhone sales and stable services margins despite ongoing supply-chain frictions.

• $Microsoft(MSFT)$ fell 7.65% even as FY26 Q2 (ended Dec. 31, 2025) revenue reached $81.3B with GAAP net income of $38.5B, well ahead of estimates. Shares declined as markets priced in sustained AI capex, tighter near-term margins, and slower cloud growth momentum.

• $Tesla Motors(TSLA)$ gained 4.15% as Q4 revenue totaled $24.90B with net income of $840M, beating expectations despite lower vehicle deliveries and weaker auto revenue, while optimism around AI, robotics, and future production supported sentiment.

• $MasterCard(MA)$ added 2.68%, supported by Q4 revenue of $8.81B and net income of $4.06B, reflecting strong consumer spending and transaction growth.

• $SanDisk Corp.(SNDK)$ surged 21.62% following a strong fiscal Q2, with revenue rising to $3.03B (+61% YoY, +31% QoQ) and non-GAAP EPS reaching $6.20, driven by higher flash pricing and modest shipment growth.

• $Chevron(CVX)$ advanced 6.11% as Q4 revenue totaled $46.21B and earnings reached $2.8B ($1.39 per share), supported by record production, stable upstream margins, and $10.8B in operating cash flow.

• $UnitedHealth(UNH)$ dropped 19.46% after Q4 revenue reached $113.22B, but net income fell to just $10M, reflecting sharp margin pressure and Medicare reimbursement concerns.

• $ASML Holding NV(ASML)$ rose 2.44% as Q4 revenue reached €9.72B and bookings surged to a record €13.2B, driven by strong AI-related demand and supported by higher order visibility, a larger backlog, and upgraded 2026 sales guidance.

• $Corning(GLW)$ jumped 10.66% with Q4 revenue of $4.21B and net income of $540M, while a $6B fiber-optic deal improved earnings visibility.

3. Hong Kong Market - HSI sees a 2.38% rise amid market optimism

$HSI(HSI)$: The Hang Seng Index (HSI) experienced a 2.38% increase and closed at 27,387.11.

$HSTECH(HSTECH)$: experienced a slight decline of 1.38% and closed at 5718.18. The technology sector faced downward pressure, while new consumption stocks showed resilience.

The market was buoyed by strong performances in the technology and financial sectors, despite some volatility in the latter part of the week. Optimism around potential policy support and positive earnings reports contributed to the gains.

• $CSOP SK Hynix Daily (2x) Leveraged Product(07709)$ +35.04%, driven by better-than-expected earnings for Q4 2025, which were boosted by AI demand pushing up chip prices.

• $EAST BUY(01797)$ +18.16%. The company reported a net profit of RMB 239 million for the first half of the 2026 fiscal year, reversing a loss from the previous year, which significantly boosted investor confidence.

• $UNISOUND(09678)$ +65.28%. The company announced a significant increase in revenue from its large language model business, which drove strong investor interest.

• $GIGADEVICE(03986)$ +6.08%, reflecting strong investor interest in the semiconductor sector during the trading session.

• $NIO-SW(09866)$ +3.15%. The company reported strong January delivery figures, with a 96.1% year-on-year increase, reflecting robust market demand.

• $CM BANK(03968)$ +3.15%. The company benefited from strong investor interest in the semiconductor sector, reflecting positive market sentiment.

• $GANFENGLITHIUM(01772)$ -13.57%. Despite announcing an expected net profit of RMB 1.1 billion to 1.65 billion for 2025, the stock was impacted by a broader sell-off in lithium shares due to falling lithium carbonate futures prices.

• $GEELY AUTO(00175)$ -4.74%. Despite reporting strong sales figures for January, the stock was affected by broader market volatility.

• $XIAOMI-W(01810)$ -2.04%. The company announced multiple international patent applications and a significant increase in R&D investment, but the stock was impacted by competitive pressures in the domestic market.

4. Singapore Market - STI rises 0.3% amid mixed market performance

$Solidion Technology Inc.(STI)$ : The Straits Times Index (STI) experienced a modest increase of 0.28% and closed at 4905.13.

Sectors: Last week, industrial and real estate players saw aggressive gains; the overall index growth was tempered by a pull-back in the heavyweight banking sector.

• $ST Engineering(S63.SI)$ +4.7% and secured $4.7 billion in orders for the fourth quarter of fiscal year 2025, boosting its total order book.

• $Hong Leong Asia(H22.SI)$ +18.69%, broad market strength, and renewed investor confidence fueled the sharp rally.

• $SGX(S68.SI)$ -0.63%. Despite the successful listing of the UOBAM Ping An FTSE ASEAN Dividend Index ETF on January 29, 2026, offering new investment avenues, shares drifted marginally lower.

• $UOB(U11.SI)$ -3.11%, pressured by a JPMorgan downgrade to "Underweight" and profit-taking after the stock hit record highs.

• $GuocoLand(F17.SI)$ -15.88%, shares tumbled despite robust H1 fundamentals (net profit up 14% YoY, strong rental income growth), suggesting a technical correction or sector rotation rather than operational deterioration.

• $Singtel(Z74.SI)$ +3.38%, driven by optimism over its Nxera data center expansion and an upgraded FY2026 growth outlook.

• $UOL(U14.SI)$ +5.24%, driven by a major $1.5 billion tender win for the Hougang Central site and a significant target price upgrade from JPMorgan.

• $CapLand Ascendas REIT(A17U.SI)$ flat. The resignation of Non-Executive Independent Director Ong Lee Keang Maureen due to health reasons and subsequent updates to the board and committee line-up were notable events.

5. Australian Market - XJO Index Declines 0.1% Amid Market Volatility

$S&P/ASX 200(XJO.AU)$ : The Australian stock market, the S&P/ASX 200 Index (XJO), fell by 0.1% and closed at 8869.10. The index faced fluctuations due to mixed corporate earnings and global economic uncertainties.

Sectors: IT Consulting, Financial Exchanges, and Oil & Gas Exploration Industries performed well last week.

• $SANTOS LIMITED(STO.AU)$ +8.51%, benefited from surging crude oil and uranium prices. Macquarie analysts hold a positive view on its growth outlook, predicting 31% upside potential for the share price.

• $ASX LTD(ASX.AU)$ +6.43% weekly. The company released a trading update showing H1 revenue increased 11.2% YoY to A$603 million, with net profit rising over 8% to A$264 million. Jarden analysts issued a further upside potential with a A$58.00 price target.

• $Woodside Energy Group Ltd(WDS)$ + 5.36%, supported by higher crude oil prices. The company reported record production of 199 million barrels of oil equivalent (boe) for 2025, slightly above the top end of guidance. Progress on the Scarborough/Pluto T2 project reaches 94%, anticipated to deliver 9% production growth in 2027.

• $BHP Billiton(BHP)$ +4.42%, the strongest performing mining stock for January (+ 11.17% in Jan). December quarter iron ore production rose 2% to 134 million tonnes, achieving quarterly shipment records. The company raised FY26 copper production targeting 2 million tonnes annually by the 2030s.

• $AURIZON HOLDINGS LTD(AZJ.AU)$ +4.24%. The company secured new 10-year rail network contracts with customers that will boost revenue from 2027 onwards. A stable dividend yield (approximately 4.3%) and strong FCF growth (123%) are underpinning the share price.

• $Iamgold(IAG)$ +3.68%. The company successfully integrated RACQI (RACQ Insurance) into its catastrophe reinsurance program and expanded its Whole of Account Quota Share (WAQS) coverage to 35% of the portfolio. See FY2025 net profit surging 51% to A$1.36 billion.

• $Telos Corporation(TLS)$ +3.39%. Continued earnings growth in the mobile business is driving performance, with FY26 dividends expected to reach 20 cents per share (fully franked), representing a yield of approximately 4.2%. As a defensive blue-chip stock, it has benefited from market uncertainty.

The Week Ahead

1. Macro Factors -Global Economic Outlook: Key Events and Indicators to Watch

This week, investors will focus on U.S. jobs data, with the nonfarm payrolls report for January due on Friday.

• Economists forecast a 70,000 increase in payrolls and an unchanged unemployment rate of 4.4%.

• The JOLTS job openings data, ADP private payrolls, and weekly jobless claims will provide further insights into the labor market.

Monday:

• Institute for Supply Management’s manufacturing indexConstruction spending,

• U.S. Census Bureau

Tuesday:

• Job Openings and Labor Turnover Survey, U.S. Bureau of Labor Statistics

• Institute for Supply Management’s non-manufacturing index

Wednesday

• ADP National Employment Report, ADP

Thursday

• Weekly unemployment claims, U.S. Department of Labor

Friday

• Jobs and unemployment, U.S. Bureau of Labor Statistics

• University of Michigan Index of Consumer Sentiment, preliminary result

• Consumer credit, U.S. Federal Reserve

Earnings Spotlight: $Alphabet(GOOGL)$ 、 $Amazon.com(AMZN)$ 、 $Advanced Micro Devices(AMD)$ 、 $Qualcomm(QCOM)$ 、 $Eli Lilly(LLY)$ 、 $Novo-Nordisk A/S(NVO)$

This week marks the pinnacle of the "Global Innovation & Healthcare Super Week." The results from these giants will determine if the 2026 market rally can sustain its momentum, specifically focusing on the monetization of Gen-AI and the production scaling of revolutionary GLP-1 drugs.

The "Magnificent" AI & Cloud Pulse: $Alphabet(GOOGL)$ , $Amazon.com(AMZN)$

• $Alphabet(GOOGL)$: Investors will scrutinize YouTube’s ad revenue and the pace of Gemini AI integration into Search to defend its moat against emerging AI competitors.

• $Amazon.com(AMZN)$: The focus is on AWS growth acceleration and whether retail margins continue to improve through AI-optimized logistics and fulfillment.

Healthcare & GLP-1 Leaders: $Eli Lilly(LLY)$ , $Novo-Nordisk A/S(NVO)$

• $Eli Lilly(LLY)$/ $Novo-Nordisk A/S(NVO)$: As the dual engines of the weight-loss drug boom, the market is hyper-focused on manufacturing capacity and supply chain updates for Zepbound and Wegovy to meet insatiable global demand.

• $Pfizer(PFE)$ / $GlaxoSmithKline PLC(GSK)$: Markets are looking for updates on RSV vaccine performance and pipeline progress as these firms navigate the post-pandemic landscape.

Semiconductor & AI Infrastructure: $Advanced Micro Devices(AMD)$, $Qualcomm(QCOM)$, $SUPER MICRO COMPUTER INC(SMCI)$

• $Advanced Micro Devices(AMD)$: A critical check on the MI300/MI350 series ramp-up; investors want proof that AMD is successfully capturing data center market share from its rivals.

• $SUPER MICRO COMPUTER INC(SMCI)$: As a primary beneficiary of AI server build-outs, its liquid-cooling technology adoption and gross margin stability will be key indicators for the sector.

• $Qualcomm(QCOM)$ / $ARM Holdings(ARM)$: These will serve as a pulse-check for the AI-PC and AI-Smartphone cycles, with a focus on premium handset recovery and royalty revenue growth.

Digital Economy & Consumer Sentiment: Uber, Snap, Disney (DIS)

• $Uber(UBER)$: A vital indicator of the "experience economy"; focus remains on mobility bookings and the scaling of its high-margin advertising platform.

• $Walt Disney(DIS)$: Investors are watching for streaming profitability milestones and theme park attendance trends amidst shifting global consumer spending habits.

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