Category: Flash News

On May 6th, Ford Motor Company’s adjusted earnings per share (EPS) for the first quarter was $0.14, with analysts expecting a loss of $0.043 per share; Ford Blue’s revenue for the first quarter was $21 billion, with analysts expecting $20.08 billion; Ford Blue’s EBIT for the first quarter was $1.2 billion, with analysts expecting $1.22 billion. The company expects to be hit by $1.5 billion in tariffs this year and has suspended its performance forecast for 2025.

On May 6th, Mattel (MAT) reported an adjusted loss of $0.03 per share in the first quarter, with analysts expecting a loss of $0.10; Net sales for the first quarter were 826.6 million US dollars, with analysts expecting 788.6 million US dollars. Maintain the target of repurchasing $600 million worth of stocks by 2025.

On May 6th, Vertex Pharmaceuticals’ adjusted EPS for the first quarter was $4.06, with analysts expecting $4.29; The expected overall revenue for the year is between $18.5 million and $012 million, compared to the company’s original estimate of $0.18 million to $0.12 million.

On May 6th, Lattice Semiconductor’s adjusted EPS for the first quarter was $0.22, in line with analysts’ expectations; First quarter revenue of $120.1 million, analysts expect $120.1 million; The company expects a revenue of $118.5 million to $128.5 million in the second quarter, with analysts expecting $123.7 million.

On May 6th, popular Chinese concept stocks fluctuated, with the Nasdaq China Golden Dragon Index falling 0.04%. Kingsoft Cloud rose over 4%, Futu Holdings and Miniso rose over 2%, TAL Education and Weibo rose over 1%, and Xiaopeng Motors, Ideal Motors, and Bilibili rose slightly; Extreme Krypton fell more than 2%, Luckin Coffee, NIO, JD.com, and Bawang Tea Lady fell more than 1%, while Tencent Music, ZTO Express, Manbang, and Vipshop fell slightly.

On May 6th, based on the ETF redemption situation in the first four months of this year, April 7th became a watershed for fund redemption. According to estimates, as of April 6th this year, equity ETFs have been net redeemed by nearly 40 billion yuan. On April 7th, long-term funds such as Central Huijin, China Chengtong, and China Guoxin announced an increase in their holdings of ETFs. On the same day, tens of billions of yuan of funds flooded in, causing a major reversal in the funding situation. ETFs have become one of the most important sources of incremental funds in the market. Since then, funds have continued to pour in, resulting in a significant increase in the net subscription amount of equity ETFs since the beginning of this year. Overall, as of the end of April this year, the net subscription amount of equity ETFs has totaled 172.431 billion yuan (Shanghai Stock Exchange News)

On May 6th, the A-share market welcomed its first trading day of May. Looking back at the market performance before the May Day holiday, A-shares showed a narrow consolidation trend overall, with small cap growth stocks showing relatively active performance. During the holiday period, global capital risk appetite rebounded, and major overseas markets generally rose. Institutional perspective analysis suggests that with the weakening of short-term external disturbances and moderate liquidity, the risk appetite of the A-share market is expected to increase in May, and technology growth stocks may lead the structural market trend. (Shanghai Stock News)

On May 6th, Israeli Prime Minister Netanyahu stated on May 5th local time that Israel needs to establish a “special national investigation committee” to investigate the reasons for the successful attack by the Palestinian Islamic Resistance Movement (Hamas) on October 7th, 2023, which led to Israel’s passivity. However, he believes that “this can only be done after the end of the war in Gaza”. Netanyahu said that Israel is on the eve of a “large-scale attack on the Gaza Strip” and that “defeating Hamas is what needs to be done now” before conducting relevant investigations.

① 14:30 Swiss April CPI monthly rate; ② 16:30 Sentix Investor Confidence Index for May in the Eurozone; ③ 21:45 US April S&P Global Services PMI Final Value; ④ 22:00 US April ISM Non Manufacturing PMI.

On May 5th, the Chinese Embassy in the United States held an open day and promotion event for Gansu Province on May 3rd. Ambassador Xie Feng attended and delivered a speech. Xie Feng pointed out that the history of human social development tells us that openness brings progress, while closure inevitably leads to backwardness. Economic globalization has converged from a small stream into a rolling wave, and the complementary advantages of various countries are an objective requirement for the development of productive forces. Economic and trade relations are not a zero sum game, and trade barriers are like drawing a knife to cut off water. The United States has benefited greatly from international trade, enjoying both high-quality and affordable goods from around the world, as well as significant advantages in high value-added fields such as finance, technology, and services. In 2022 alone, the sales revenue of US funded enterprises in China exceeded that of Chinese funded enterprises by over 400 billion US dollars. The overall economic and trade cooperation between China and the United States is balanced and win-win. The indiscriminate imposition of tariffs harms others and oneself, interferes with the normal production and operation of enterprises and the daily consumption of the people, triggers severe fluctuations in the global financial market, and undermines the long-term stable growth of the world economy. We don’t want to engage in a tariff war, but we’re not afraid of it. We firmly uphold not only our own legitimate rights and interests, but also the international economic and trade order. If the US is prepared to negotiate, it should adopt an attitude of equality, respect, and reciprocity. Xie Feng emphasized that no matter how the international situation changes, China will continue to respond to external uncertainties with certainty of high-quality development and high-level openness. China is the second largest consumer market in the world, with the largest middle-income group, and has become a major trading partner for over 150 countries and regions. Last year, more than 80000 cars were taken offline every day, 3.4 million smartphones were manufactured, and over 470 million parcels of express delivery were in transit. The Chinese economy had a good start in the first quarter of this year, with a year-on-year GDP growth of 5.4% and a counter trend export growth of 6.9%. The international market circle of friends is becoming larger and larger.