市场资讯及洞察
Artificial intelligence stocks have begun to waver slightly, experiencing a selloff period in the first week of this month. The Nasdaq has fallen approximately 2%, wiping out around $500 billion in market value from top technology companies.
Palantir Technologies dropped nearly 8% despite beating Wall Street estimates and issuing strong guidance, highlighting growing investor concerns about stretched valuations in the AI sector.
Nvidia shares also fell roughly 4%, while the broader selloff extended to Asian markets, which experienced some of their sharpest declines since April.
Wall Street executives, including Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon, warned of potential 10-20% drawdowns in equity markets over the coming year.
And Michael Burry, famous for predicting the 2008 housing crisis, recently revealed his $1.1 billion bet against both Nvidia and Palantir, further pushing the narrative that the AI rally may be overextended.
As we near 2026, the sentiment around AI is seemingly starting to shift, with investors beginning to seek evidence of tangible returns on the massive investments flowing into AI, rather than simply betting on future potential.
However, despite the recent turbulence, many are simply characterising this pullback as "healthy" profit-taking rather than a fundamental reassessment of AI's value.
Supreme Court Raises Doubts About Trump’s Tariffs
The US Supreme Court heard arguments overnight on the legality of President Donald Trump's "liberation day" tariffs, with judges from both sides of the political spectrum expressing scepticism about the presidential authority being claimed.
Trump has relied on a 1970s-era emergency law, the International Emergency Economic Powers Act (IEEPA), to impose sweeping tariffs on goods imported into the US.
At the centre of the case are two core questions: whether the IEEPA authorises these sweeping tariffs, and if so, whether Trump’s implementation is constitutional.
Chief Justice John Roberts and Justice Amy Coney Barrett indicated they may be inclined to strike down or curb the majority of the tariffs, while Justice Brett Kavanaugh questioned why no president before Trump had used this authority.
Prediction markets saw the probability of the court upholding the tariffs drop from 40% to 25% after the hearing.
The US government has collected $151 billion from customs duties in the second half of 2025 alone, a nearly 300% increase over the same period in 2024.
Should the court rule against the tariffs, potential refunds could reach approximately $100 billion.
The court has not indicated a date on which it will issue its final ruling, though the Trump administration has requested an expedited decision.
Shutdown Becomes Longest in US History
The US government shutdown entered its 36th day today, officially becoming the longest in history. It surpasses the previous 35-day record set during Trump's first term from December 2018 to January 2019.
The Senate has failed 14 times to advance spending legislation, falling short of the 60-vote supermajority by five votes in the most recent vote.
So far, approximately 670,000 federal employees have been furloughed, and 730,000 are currently working without pay. Over 1.3 million active-duty military personnel and 750,000 National Guard and reserve personnel are also working unpaid.
SNAP food stamp benefits ran out of funding on November 1 — something 42 million Americans rely on weekly. However, the Trump administration has committed to partial payments to subsidise the benefits, though delivery could take several weeks.
Flight disruptions have affected 3.2 million passengers, with staffing shortages hitting more than half of the nation's 30 major airports. Nearly 80% of New York's air traffic controllers are absent.
From a market perspective, each week of shutdown reduces GDP by approximately 0.1%. The Congressional Budget Office estimates the total cost of the shutdown will be between $7 billion and $14 billion, with the higher figure assuming an eight-week duration.
Consumer spending could drop by $30 billion if the eight-week duration is reached, according to White House economists, with potential GDP impacts of up to 2 percentage points total.
World’s largest consumer goods company, Procter & Gamble Company (NYSE: PG), announced second quarter of fiscal year 2024 results on Tuesday. The company achieved revenue of $21.441 billion for the quarter (up by 3% year-over-year), slightly short of Wall Street estimate of $21.476 billion. Earnings per share reached $1.84 per share (up by 16% year-over-year), which was above analyst estimate of $1.697 per share.
Company overview Founded: October 31, 1837 Headquarters: Cincinnati, Ohio, United States Number of employees: 27,560 (2023) Industry: Consumer goods Key people: David S. Taylor (Executive Chairman), Jon R. Moeller (President and CEO) CEO commentary ''We delivered strong results in the second quarter, enabling us to raise our core EPS growth guidance and maintain our top-line outlook for the fiscal year,'' CEO of the company, Jon Moeller, said in a press release to investors. ''We remain committed to our integrated strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution and consumer and customer value — productivity, constructive disruption and an agile and accountable organization.
The P&G team’s execution of this strategy has enabled us to build and sustain strong momentum. We have confidence this remains the right strategy to deliver balanced growth and value creation,'' Moeller added. Stock reaction The latest results had a positive impact on the stock in Tuesday’s session.
Shares were up by 4.39% at $154.35 a share – the highest since 14/9/2023. Stock performance 5 day: +2.99% 1 month: +5.71% 3 months: +2.92% Year-to-date: +5.28% 1 year: +8.78% Procter & Gamble price targets JP Morgan Chase & Co.: $162 Barclays: $160 Jefferies Financial Group: $177 DZ Bank: $155 Wells Fargo & Company: $162 Stifel Nicolaus: $151 Sanford C. Bernstein: $153 HSBC: $179 Bank of America: $175 Morgan Stanley: $174 Deutsche Bank: $173 Royal Bank of Canada: $167 Truist Financial Procter & Gamble Company is the 22nd largest company in the world with a market cap of $363.71 billion, according to CompaniesMarketCap.
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American online streaming service company, Netflix Inc. (NASDAQ: NFLX), released its latest financial results for Q4 of 2023 after the market closed on Tuesday. Netflix reported revenue of $8.833 billion for the quarter (up by 12.5% year-over-year) vs. $8.723 billion expected. Earnings per share reported at $2.11 per share, falling short of Wall Street estimate of $2.219 per share.
The company added 13.1 million new paid subscribers in Q4 2023 vs. 8.97 million subscribers expected – the largest Q4 subscriber growth ever. Total number of paid subscribers has now reached 260.8 million – a new record. It looks like company’s crackdown on password sharing is paying off.
Company overview Founded: 1997 Headquarters: Los Gatos, California, United States Number of employees: 12,800 (2022) Industry: Media, Entertainment Key people: Reed Hastings (executive chairman), Ted Sarandos (co-CEO), Greg Peters (co-CEO) Stock reaction Shares were up by 1.33% at the end of trading day before the latest results were announced at $492.19 a share. The stock rose by around 7% in after-hours trading as Wall Street digested company’s performance in Q4 2023. Stock performance 5 day: +2.28% 1 month: +0.20% 3 months: +18.96% Year-to-date: +1.09% 1 year: +35.28% Netflix stock price targets Benchmark: $425 UBS Group: $560 Piper Sandler: $475 KeyCorp: 545 Bank of America: $585 Oppenheimer: $600 Citigroup: $500 BMO Capital Markets: $566 The Goldman Sachs Group: $500 DZ Bank: $495 Wedbush: $525 Morgan Stanley: $550 Netflix Inc. is the 49th largest company in the world with a market cap of $215.42 billion.
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Johnson & Johnson (NYSE: JNJ) reported Q4 2023 and full year financial results before the market open in the US on Tuesday to kick off another week of earnings. US pharmaceutical and consumer goods company reported revenue of $21.395 billion for the last quarter of 2023, beating analyst estimate of $21.022 billion. Revenue grew by 7.3% vs. the same quarter in 2022.
Earnings per share (EPS) was reported at $2.29 per share vs. $2.281 per share expected. EPS was up by 11.7% year-over-year. The company achieved revenue of $85.159 billion in 2023 – up 6.5% vs. 2022.
EPS reached $5.20 per share – down by 15.3% from 2022. Company overview Founded: 1886 Headquarters: Johnson and Johnson Plaza, New Brunswick, New Jersey, United States Number of employees: 130,000 (2023) Industry: Pharmaceutical, Medical Technology Key people: Joaquin Duato (Chairman & CEO) CEO commentary "Johnson & Johnson’s full year 2023 results reflect the breadth and competitiveness of our business and our relentless focus on delivering for patients. We have entered 2024 from a position of strength, and I am confident in our ability to lead the next wave of health innovation," Joaquin Duato, CEO of Johnson & Johnson said in a statement.
Stock reaction Shares of Johnson & Johnson were down by around 1% during Tuesday’s session after the latest results were announced, trading at $160.02 a share. Stock performance 5 day: -0.38% 1 month: +2.41% 3 months: +5.74% Year-to-date: +2.02% 1 year: -4.99% Johnson & Johnson stock price targets Cantor Fitzgerald: $215 Raymond James: $175 Wells Fargo & Company: $163 UBS Group: $180 Royal Bank of Canada: $178 Morgan Stanley: $171 Barclays: $162 HSBC: $175 Atlantic Securities: $170 Credit Suisse Group: $175 Stifel Nicolaus: $175 JP Morgan Chase & Co.: $180 Citigroup: $185 Guggenheim: $161 Johnson & Johnson is the 20th largest company in the world with a market cap of $384.14 billion. You can trade Johnson & Johnson (NYSE: JNJ) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
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The Goldmans Sachs Group Inc. (NYSE: GS) released the latest financial results for the last quarter of 2023 and the full year on Tuesday. The New York based financial firm reported revenue of $11.318 billion for the quarter vs. $10.797 billion estimate. Earnings per share (EPS) reported at $5.48 per share vs. $3.617 per share expected.
Total revenue reached $46.25 billion in 2023. Full-year EPS reported at $22.87 per share. Company overview Founded: 1869 Headquarters: New York, United States Number of employees: 48,500 (2022) Industry: Financial services Key people: Lloyd Blankfein (Senior Chairman), David M.
Solomon (Chairman and CEO) CEO commentary David Solomon, CEO of Goldman Sachs, commented on the latest results: "This was a year of execution for Goldman Sachs. With everything we achieved in 2023 coupled with our clear and simplified strategy, we have a much stronger platform for 2024. Our strategic objectives underscore our relentless commitment to serve our clients with excellence, further strengthen our leading client franchise and continue to deliver for shareholders." Stock reaction Shares of Goldman Sachs were up by 0.71% at the end of trading day on Tuesday, trading at $380.45 a share.
Stock performance 5 day: -2.77% 1 month: +0.45% 3 months: +20.26% Year-to-date: -1.99% 1 year: +1.10% Goldmans Sachs stock price targets BMO Capital Markets: $357 JP Morgan: $421 UBS Group: $440 Barclays: $493 Morgan Stanley: $333 Oppenheimer: $468 JPM Securities: $440 Citigroup: $380 HSBC: $403 Credit Suisse: $410 Wells Fargo: $390 Bank of America: $425 Goldmans Sachs Group Inc. is the 109th largest company in the world with a market cap of $123.38 billion. You can trade Goldmans Sachs Group Inc. and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to "Trading" then select "Share CFDs".
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USD was flat in Monday’s session with DXY trading in a tight range from 103.110-103. 370 amid a light economic calendar ahead of the major risk events from Tuesday onwards. DXY still capped to the upside by the 50% Fib level resistance as traders look to be waiting for rate decisions from the BoJ, BoC and ECB before taking a USD view. AUD, and NZD were the G10 underperformers.
AUDUSD trading just above 0.6600 early in the APAC session before reversing course and retracing all of Friday’s gains. NZDUSD breaking support at 0.6084 to set new 2024 lows. AUD and NZD weighed on by a broad-based selling in the Chinese market.
JPY was flat against the USD ahead of today’s BoJ policy meeting. Comments from Japanese PM Kishida requesting firms provide larger pay rises this year supporting the Yen somewhat. The BoJ isn’t expected to make any changes to current easy money policy but any mention of a timeline for rate normalisation would be Yen positive.
USDJPY still trading in a tight range, just holding the key level of 148 coming into the BoJ announcement.
The Charles Schwab Corporation (NYSE: SCHW) released Q4 and 2023 full-year earnings results before the opening bell in Wall Street on Wednesday. The US financial services company reported revenue of $4.459 billion, falling slightly short of analyst estimate of $4.494 billion. Revenue was down by 19% vs.
Q4 of 2022. Earnings per share (EPS) reported at $0.68 per share (down by 36% year-over-year) vs. $0.638 per share expected. Full year revenue reached $18.837 billion, down by 9% vs. 2022.
Full year EPS reported at $3.13, down by 20% year-over-year. Company overview Founded: 1971 Headquarters: Westlake, Texas, United States Number of employees: 35,300 (2022) Industry: Financial services Key people: Charles R. Schwab (co-chairman), Walter W.
Bettinger (co-chairman & CEO) CEO commentary Walter W. Bettinger, CEO of Charles Schwab, commented on the latest results: "Over the course of 2023, our commitment to clients was unwavering. Through an uneven environment with shifting views on the trajectory of the U.S. economy, persistent geopolitical unrest, and a temporary disruption within the regional banking sector, our "no trade-offs" value proposition continued to resonate with investors.
Clients entrusted us with $306 billion in core net new assets during the year, including over $43 billion in December alone. This ongoing success with clients helped push total client assets to a record $8.52 trillion at year-end. Additionally, we welcomed 977 thousand new-to-firm retail households as well as 315 advisors-in-transition to Schwab.
In total, we added 3.8 million new brokerage accounts to increase our total client base to 34.8 million accounts." "As we move forward with our key initiatives, we remain as confident as ever in our "Through Clients’ Eyes" strategy. Our client focus has guided our culture and operating priorities for five decades and we believe it keeps us best positioned to sustain long-term profitable growth into the future," Betting added. Stock reaction Shares of Charles Schwab were down by 1.34% at the end of trading day on Wednesday at $63.45 a share – the lowest level since 7/12/2023.
Stock performance 5 day: -3.60% 1 month: -5.47% 3 months: +22.40% Year-to-date: -7.78% 1 year: -22.03% The Charles Schwab Corporation stock price targets Citigroup: $70 Raymond James: $78 TD Cowen: $77 Goldman Sachs: $71 UBS Group: $82 JP Morgan: $85 JMP Securities: $77 Barclays: $57 Morgan Stanley: $64 Deutsche Bank: $69 Jefferies Financial Group; $62 Piper Sandler: $75 Bank of America: $53 Credit Suisse: $67.50 The Charles Schwab Corporation is the 120th largest company in the world with a market cap of $115.64 billion. You can trade The Charles Schwab Corporation (NYSE: SCHW) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to "Trading" then select "Share CFDs".
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Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: The Charles Schwab Corporation, TradingView, MarketWatch, Benzinga, CompaniesMarketCap