Benefiting from the rise in stock prices of Apple and Amazon, the Nasdaq Composite Index closed slightly higher on Thursday, rising for the eighth consecutive trading day, and the Amazon intraday record hit a record high. The Nasdaq Composite Index rose 0.04%, the S&P 500 Index fell 0.14%, and the Dow Jones Industrial Average fell 0.29%.
Most of China's concept stocks rose, including Netease (down 10.97%), Aurora data (down 7.39%), Changyou (down 3.43%%); World Data (10.65%), SMIC (up 7.24%), and Huami Technology ( Up 6.93%). US technology stocks rose by half, among them Yelp (up 26.65%), Roku (up 21.31%), Dropbox (up 9.13%); Sonos (down 7.99%), Tesla (down 4.83%), Gopro (down 4.64) %).
The Dow Jones Industrial Average fell 74.52 points to close at 25,509.23 points, a decrease of 0.29%. The S&P 500 index fell 4.12 points to 2,853.58 points, a drop of 0.14%. The Nasdaq Composite Index, which has a large weight for technology stocks, rose 3.46 points to close at 7891.78 points, or 0.04%.
The five major technology giants of the “FAANG” group went up and down, with Facebook down 1.13%, Apple up 0.79%, Amazon up 0.64%, Netflix up 0.50%, and Google parent Alphabet up 0.28%.
Chinese concept stocks
Most of China's concept stocks rose, among which companies with larger declines included Netease (down 10.97%), Aurora data (down 7.39%), Changyou (down 3.43%%), worry-free (down 2.93%), and Rong 360 (down). 2.92%), Jumeiyou (down 2.86%), everyone (down 2.78%), Xinfu (down 2.29%), Lanting (down 1.70%), fight more (down 1.33%), 哔哩哔哩 (down 1.23%), 500 lottery network (down 1.11%), Baidu (down 0.95%).
On the other hand, companies with larger gains include: Wan Guo Data (up 10.65%), SMIC (up 7.24%), Huami Technology (up 6.93%), Green Hotel (up 6.46%), and China Express (up) 6.46%), Temple Library (up 5.55%), Phoenix New Media (up 4.07%), ninth city (up 3.88%), Point Bull Finance (up 3.37%), Century Internet (up 3.37%), Thunder (up 2.99%), good future (up 2.78%), 58 cities (up 2.67%), China live (up 2.44%), fun stores (up 2.32%), Best Group (up 2.27%), financial sector (up 2.09%) ), patted loans (up 1.85%), blue 汛 (up 1.77%), music letter (up 1.60%), red yellow blue education (up 1.40%), Zhengbao distance education (up 1.38%), pleasant loans (up 1.37%), Youxin (up 1.36%), Momo (up 1.31%), and Tuniu (up 1.08%).
NetEase's second-quarter revenue fell short of market expectations, stock price plummeted 10.97%
On August 9, Netease (NASDAQ: NTES) plunged 10.97% on the Nasdaq Stock Market to close at $225.22. Netease's share price plummeted, affected by the company's second-quarter revenue did not meet market expectations. According to the financial report, Netease's second quarter net revenue was 2.461 billion US dollars (16.284 billion yuan), compared with 14.17 billion yuan and 13.376 billion yuan in the previous quarter and the same period of last year, respectively, lower than the market expectation of 20 million US dollars.
Net profit attributable to Netease shareholders in the second quarter was 2.107 billion yuan (US$318 million), compared with 752 million yuan and 2.972 billion yuan in the previous quarter and the same period last year. Based on non-GAAP, net profit attributable to Netease shareholders in the second quarter of 2018 was RMB 2.725 billion (US$ 412 million), or earnings per share of US$ 3.15, which was $0.33 higher than market expectations.
SMIC's second-quarter revenue exceeded market expectations stock price rose 7.24%
On August 9, SMIC (NYSE: SMI) rose 7.24% on the Nasdaq Stock Market to close at 6.37. The surge in SMIC's share price was affected by the company's second-quarter revenue exceeding market expectations. According to the financial report, SMIC's second-quarter revenue was US$890.7 million, up 7.2% from the previous quarter's US$831 million, up 18.6% from US$751.2 million in the same period last year, exceeding the market consensus of US$8.8454 billion; gross profit It was US$217.8 million, down from US$220.2 million in the previous quarter, up from US$194.1 million in the same period last year; gross margin was 24.5%, down from 26.5% in the previous quarter and down from 25.8% in the same period last year.
SMIC expects its third-quarter revenue to fall 4% to 6% quarter-on-quarter; gross margin is 19% to 21%; non-GAAP operating expenses are $232 million to $238 million. SMIC shares fell 0.17% in pre-market trading on Thursday, with a stock price of $5.93.
Dada-Jingdong arrived home to complete the $500 million financing of Jingdong Wal-Mart
On August 9, Dada-Jingdong officially announced that it has completed the latest round of financing of US$500 million. The investors are Jingdong (NASDAQ: JD) and Wal-Mart. Both major retail giants have deep strategic and business synergies with Dada-Jingdong. This increase not only fully recognizes the effectiveness of its unbounded retail practices, but also is the vane for the three parties to further explore unbounded retail. Dada-Jingdong has already covered more than 400 major cities across the country, serving more than 1.2 million merchants and over 50 million individual users. The peak daily volume has reached 10 million; Jingdong has covered nearly 40 Beijing, Shanghai and Guangzhou. Major cities, with more than 50 million registered users, over 20 million monthly active users, and the daily peak volume exceeded 1 million. Jingdong's share price closed at $36.02 on Thursday, up 0.06% from the previous day.
On August 9, Zhongtong Express (NYSE: ZTO) shares rose 6.46% in the regular trading of the New York Stock Exchange to close at 20.92 US dollars. The share price of the Middle East Express rose sharply, benefiting from the second quarter results exceeding market expectations. According to the financial report, Zhongtong Express's second-quarter revenue was RMB 4.19 billion (US$634.4 million), a year-on-year increase of 41.3%, which was lower than the market average of US$4.29 billion; net profit was RMB1,922.2 million. US$225.5 million, an increase of 108.1% year-on-year. Not in accordance with US GAAP, Zhongtong Express's net profit was RMB1,955.7 million (US$165.6 million), a 50% year-on-year increase, and a diluted earnings per share of RMB2.07 (approximately US$0.31), better than the market average. The RMB is 1.38 yuan.
In the second quarter, Zhongtong Express's package volume increased by 41.7% year-on-year to 2.16 billion pieces, and the growth rate exceeded the industry average of 16.7%.
US Technology Stocks
US technology stocks rose by half, among which companies with larger losses included: Sonos (7.99%), Tesla (4.83%), Gopro (4.64%), AMD (2.45%), and Zynga (2.28). %), Micron Technology (down 2.12%), Square (down 2.03%), Texas Instruments (down 1.57%).
On the other hand, companies with larger gains include: Yelp (up 26.65%), Roku (up 21.31%), Dropbox (up 9.13%), Spotify (up 4.86%), Box (up 1.79%), and Motorola (up 1.36) %).
Tesla shares fell 4.83%, the board of directors started privatization discussions next week
According to foreign media reports, Tesla (NASDAQ: TSLA) shares rose 2.71% in after-hours trading on Thursday, due to news after the close, the company's board of directors plans to meet with consultants next week, officially Discuss Musk's proposal to privatize Tesla. It is reported that the Tesla board is likely to inform the chairman and CEO of the board, Musk, that he needs to evade when the company is preparing to re-discuss his privatization proposal seriously, and he also needs his own financial adviser. In addition, Tesla's board of directors may set up a special committee of a small number of independent directors to review the details of the acquisition.
After Musk's tweets considered privatizing Tesla for $420, the company's share price rose more than 10% on the day. However, in the following two trading days, Tesla's share price continued to fall due to the market's suspicion that Musk claimed that the privatization company's funds had been implemented. The share price increase triggered by Musk News was erased. Tesla shares closed at $352.45 on Thursday, lower than the company's $358 share price on Tuesday.
Dropbox's second-quarter results exceeded market expectations and fell more than 8% after the market
According to foreign media reports, benefiting from the increase in the number of paying users and the average revenue per user exceeded Wall Street expectations, Dropbox (NASDAQ: DBX) released its second-quarter earnings forecast on Thursday. Earnings reported that Dropbox's adjusted net profit for the quarter was $48 million, or $0.11 per diluted share, better than the market's average expected adjusted earnings per share of $0.06, better than the $20 million, or EPS, for the same period last year. The gain is $0.06. Dropbox's free cash flow in the second quarter was $102.2 million, better than market expectations of $96 million; net loss was $4.1 million, narrowing from a net loss of $26.8 million in the same period last year. Dropbox's second-quarter revenue was $339.2 million, a 27% year-over-year increase, exceeding market expectations of $331 million. Dropbox's total number of paying users in the second quarter reached 11.9 million, up from 9.9 million in the same period last year; the average revenue per user was 116.66, up from $111.19 in the same period last year.
Dropbox shares closed at $34.43 in regular trading on Thursday, up 9.13% from the previous day. However, the company's share price fell 8.07% in after-hours trading, and the stock price was $31.65, probably because the initial public offering restriction period will end after the close on August 23.
Amazon's share price hit a record high of $926 billion
According to foreign media reports, driven by the overall US retail sector, Amazon (NASDAQ: AMZN) shares hit an all-time high of $1914.57 in intraday trading. However, the stock closed at $1898.52 at the close, and the gains narrowed. The closing price is also the highest closing price since Amazon's listing. Amazon's market capitalization is about $926 billion, based on Thursday's closing price.
On Thursday, it was reported that Amazon is considering opening a primary medical clinic at its main office. It will hire a small number of doctors at the Seattle headquarters later this year to open a pilot clinic for some employees at the Seattle headquarters, and then expand to more employees in early 2019. . In January of this year, Amazon announced a partnership with JP Morgan Chase and Berkshire Hathaway to improve the quality of medical care and reduce costs.