Review of the market this week

This week, the Dow and S & P of US stocksClose upStrong performanceTechnology stocks dragged down the closing price.。Of which$S & P 500 (.SPX.US) $Up 1.23%; the Dow hit a new high$Dow Jones Index (.DJI.US) $Up 2.67%$Nasdaq Composite Index (.IXIC.US) $Down 1.51%.

The U.S. Department of Labor said on ThursdayLast week, the number of new claims for unemployment benefits dropped by 92000 to 498000.It hit a post-epidemic low, reflecting a rebound in the labor market. Although the number of new unemployment applications has been falling, the number of unemployed Americans remains high.

Review of hot spots in the market

1. What a surprise! Us non-farm payrolls fell off a cliff in April

The non-farm payrolls data released last night was unexpectedly weak.Employment increased by only 266000 in April, below the expected increase of 1 million. This may boost US President Joe Biden's new stimulus package.It allayed concerns about rising inflation and a shrinking stimulus package.

two。 Yellen talks about technology stocks plummeting as a result of interest rate hikes

On Tuesday, Ms. Yellen mentioned a small interest rate hike to prevent the market economy from overheating, sparking market panic and a widespread sell-off in technology stocks.

Yellen saidAs government spending increases and economic growth accelerates, interest rates are likely to rise. Economists think this is self-evident.In a subsequent interview, the former Fed chairman said she did not predict or recommend a rise in interest rates.

3. United States abandons COVID-19 Vaccine Patent

On May 5, local time, the Biden government made a major decision to support the exemption of COVID-19 's patent for vaccine. U. S. stocks anti-epidemic concept stocks fell collectively.

Because patent exemptions could lead to setbacks in vaccine production capacity, job losses and pharmaceutical companies in the United States.

But why did the US government suddenly let go at this time? The key is still India:On the one hand, the epidemic in India is out of control and has exceeded market expectations.More than 300000 new cases were diagnosed in 14 consecutive days, and 410000 new cases in a single day set a new global record, dragging down the progress of global door opening.On the other hand, India, as a populous country second only to China, is the key to the geo-game between China and the United States.India's vaccine gap is huge, and the United States has made clear its attitude at this time to help India tide over the difficulties, which may be a key deployment for Biden to continue the "return to the Asia-Pacific" strategy.

4. ARK: is not worried about the pullback of technology stocks and plans to increase his position at every bargain.

ETF, known as Cathie Wood, the goddess of ARK, has pulled back more than 30 per cent from its February peak as the market sold off technology stocks.

"the pullback in technology stocks is not a cause for concern," Cathie Wood said. "our long-term investment will pay off over time. Judging from our 5-year time span, good companies have not changed anything but price, which gives us the opportunity to make bottom calls. We had expected the investment strategy to generate an annualized return of 15 per cent, but after the recent bottom, we expect that number to rise to between 25 per cent and 30 per cent. "

5. David Swenson, investment guru and chief investment officer of Yale University, died of illness at the age of 67

David Swenson is a great investment guru on a par with Buffett, and he is also the mentor of Zhang Lei, the top investor in China.

David Swenson, chief investment officer, died of cancer on the 5th at the age of 67, Yale University announced on May 6.

After taking charge of the Yale FoundationHis record is like this.

According to the media:Over the past decade, the Yale Endowment Fund has earned an annual return of 10.9%Double-digit growth. Its net donated assets remained at an annualised rate of 16.1%. Provide 40% financial support for Yale University.

Review of company hotspots

1. Technology stocks suffered a massive sell-off and core assets tumbled.

Among the core assets this week, US technology stocks are basically falling, including$Tesla (TSLA.US) $、$AMZN.US (Amazon) $Down more than 5%.

two。 The streaming media giant Roku reported better than expected in the first quarter, and ARPU grew by 32% compared with the same period last year.

Us stocks after trading on Thursday$Roku (ROKU.US) $The company reported a higher-than-expected first-quarter report of $574 million in revenue, higher than market expectations of $491 million, up 79% from $321 million in the same period last year, and a net profit of $76.296 million, compared with a loss of $54.612 million in the same period last year.

The number of active users was 53.6 million, up 35 percent from 39.8 million in the same period last year; streaming time was 18.3 billion hours, compared with 12.3 billion hours in the same period last year, up 49 percent over the same period last year; and the average revenue per user was $32.14, compared with $24.35 in the same period last year, an increase of 32 percent over the same period last year.

3. Bitcoin accounts for more than 69% of revenue! Square revenue soared 266% year-on-year

Financial software giant$Square (SQ.US) $According to the latest results, the company's total revenue in the first quarter was about $5.06 billion, and the market is expected to be $3.355 billion, compared with $1.381 billion in the same period last year.

Bitcoin accounts for a large portion of the company's revenue, which accounted for more than 69 per cent of the company's revenue of about $3.51 billion during the quarter.

4. Takeout business doubled year on year, Uber Q1 orders exceeded expectations

$Uber (UBER.US) $In the three months to the end of March, orders rose 24% year-on-year to $19.5 billion, according to the first-quarter results.Of that amount, $12.5 billion comes from its food distribution department. , Uber Eats's orders more than doubled compared with the same period last year, while Uber's ride business fell 38 per cent over the same period.

Uber said that the public is returning to travel and eating out after vaccination, and that how its delivery business will develop in the coming months is fraught with uncertainty.

5. Moderna made a profit for the first time, but its revenue fell short of expectations.

Moderna (MRNA.US) $reported pre-market results yesterday that the company had revenue of $1.9 billion in the first quarter of 2021 and market expectations of $2.04 billion, compared with $8 million in the same period last year. Net profit was $1.2 billion, compared with a net loss of $124 million in the same period last year.

However, the Biden administration said on Wednesday that it would support the temporary abandonment of intellectual property protection for COVID-19 vaccine to allow developing countries to produce vaccines. Investors are concerned that patent exemptions may affect Moderna's vaccine sales. Stephane Bancel, CEO of Moderna, said the temporary exemption would not affect the company.

The prospect of hot spots next week

The following are the US stock companies that will release their results next week (May 10-May 14):

Next week Big Star: $Roblox Corporation (RBLX.US) $, $Unity Software Inc. (U.US) $, $Palantir Technologies (PLTR.US) $, $fuboTV Inc. (FUBO.US) $, $Coupang Inc (CPNG.US) $, $Alibaba (BABA.US) $, $bilibili (BILI.US) $, $Xiaopeng car (XPEV.US) $, $Disney (DIS.US) $, $DoorDash (DASH.US) $, $Airbnb (ABNB.US) $, $Coinbase Global Inc. (COIN.US) $and others will release financial reports one after another.

The following are important data and events for next week's trading day (May 10-May 14):

• Important economic data to be released next week:Us quarterly CPI data at the end of April; number of US jobless claims in the week to May 8.

These are all the contents of this issue of US Stock Weekly. Thank you for reading and sharing. We will see you next week. If you have any suggestions, you are welcome to leave a message in the comments section.