Today’s Trading Outlook
US stock earnings report (after hours): Advanced Micro Devices (AMD), Weiteng Electronics (WDC), Electronic Arts (EA)
China’s Caixin manufacturing PMI in January
EURDistrict January CPI
US January ADP new jobs, ISM manufacturing index
Ming-Chi Kuo: The iPhone 16 Pro is only one with a periscope camera, which is not good for the optical duo
TF International Securities analyst Ming-Chi Kuo released the latest survey on Tuesday (31st) and pointed out that the new iPhones launched in the next two years may only have one of the highest-end models equipped with a periscope camera. The demand for lens upgrades is lower than market expectations, which is unfavorable. In the optical duo Daliguang and Yujingguang. Read more…
The data center made up for the decline in the PC business, and AMD strengthened after the good earnings report last quarter
Advanced Micro Devices (AMD) announced after the close on Tuesday (31st) that its financial report for the previous quarter was better than expected. The outstanding performance of the data center and embedded business helped to make up for the decline in the personal computer (PC) related business, although the revenue outlook for this quarter was weak , AMD is still strong after the market.Read more…
PayPal plans to lay off 2,000 employees in the technology industry, and its stock price rose 2.8%
PayPal (PYPL-US) announced on its official website on Tuesday (31st) that it plans to lay off 2,000 employees, equivalent to about 7% of the total manpower. The news stimulated the stock price to rise.Read more…
Fed to pause rate hikes in May?hawkish officials give hint
Bloomberg reported on Tuesday (31st) that the Federal Reserve (Fed) is expected to consider pausing interest rate hikes after the March monetary policy meeting if there is more evidence that U.S. inflation is cooling. Probably no more rate hikes.Read more…