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PDD Holdings Newsroom
Major rating丨Citi: Survey shows subsidies effectively drive demand for home appliances. Consumers are willing to spend more on travel.
On December 16, Gu Longhui reported that Citigroup published research indicating that a recent online Consumer survey conducted with approximately 2,500 consumers in China showed that most respondents indicated their financial situation is relatively good and expect to increase spending in the next 12 months. Among them, 63% of respondents shop several times a week, and about 49% shop between 6 to 10 times a month. The report indicates that the survey reflects an increase in spending on e-commerce platforms during this year's Singles' Day Sales, highlighting that government subsidy measures have effectively driven up demand for household appliances. At the same time, consumers also indicated they are more willing to spend more money on travel. Citigroup in selecting stocks on Chinese e-commerce platforms.
PDD Holdings Inc. (NASDAQ:PDD) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
U.S. stock market close | The Nasdaq 100 has risen for four consecutive weeks, Tesla's stock increased by over 4% reaching a new historical high, Broadcom surged over 24% after earnings with a market cap surpassing one trillion dollars.
The three major U.S. stock indexes closed mixed, with the Dow Jones falling for the seventh consecutive Trade day, marking the longest losing streak since 2020, as investors expect the Federal Reserve to slow the pace of interest rate cuts next week.
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
10 Consumer Discretionary Stocks Whale Activity In Today's Session
Futu Morning News | The Central Economic Work Conference has set the tone! Next year, the fiscal deficit rate needs to be increased; Broadcom soared over 15% after hours! Q4 profit exceeded expectations.
Inflation unexpectedly accelerates! In November, the USA PPI month-on-month growth rate reached the highest increase since June; AI transformation faces challenges! Adobe's performance forecast fell short of expectations, dropping more than 13% after the earnings report.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
Peering Into PDD Holdings's Recent Short Interest
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The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.
Express News | Central Economic Work Conference: There will be a more proactive fiscal policy, increasing the fiscal deficit ratio.
Express News | Central Economic Work Conference: Implement a more proactive macro policy, expand domestic demand, promote the integration of technological innovation and industrial innovation development, and stabilize the property and stock markets.
US stocks update | PDD Holdings rose 2% in pre-market trading and recently launched the "Super Double Supplement" for the Double 12 promotion.
On December 12, Gelonghui reported that PDD Holdings (PDD.US) pre-market increased by 2%, trading at $105.49. According to news, PDD Holdings' Double 12 promotion 'Super Double Supplement' officially launched on December 8, focusing on popular commodities across several categories such as cosmetics, personal care, maternal and infant products, food, and home appliances. Based on platform subsidies, a special 2,600 yuan consumer voucher section will also provide an additional 15% discount on certain home appliance products, layered with national subsidy benefits. Additionally, Citibank maintains a 'Hold' rating on PDD Holdings with a target price of $125 unchanged. (Gelonghui)
PDD Holdings (PDF.US) has launched the Double Twelve promotion "Super Doubles Rebate" activity with discounts on beauty and other products along with subsidies.
The "Super Double Replenishment" event of PDD Holdings (PDD.US) officially kicked off recently (on December 8), focusing on key Commodities covering major categories such as beauty, personal care, maternity and baby, food, and home appliances.
Express News | Double 12 is in full swing, with PDD Holdings increasing the 'Super Double Subsidy.'
Express News | Citi: PDD Holdings, which operates the retail platform Temu, is likely to continue facing short-term adverse factors. The neutral rating for PDD Holdings ADR remains unchanged, with a Target Price set at $125.00. Note: The latest price for PDD Holdings AD
Temu Owner Likely to Continue Facing Short-Term Headwinds -- Market Talk
Express News | U.S. stocks night trading: China's asset ETFs and Chinese concept stocks are rising, YINN increased by nearly 5%.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.