List of Heavy Schedule for This Week
NVIDIA's performance hits hard, may guide the US stock market towards the next direction
After the rally driven by the US election stalled, US stock investors turned their attention to technology stocks and artificial intelligence trading. Nvidia will release its third quarter report for fiscal year 2025 after market hours on November 20th Eastern Time, which will also be its first financial report since being included in the Dow Jones Industrial Average.
Looking ahead to the third quarter performance, the market generally expects Nvidia to achieve revenue of $33.028 billion, a year-on-year increase of 82.27%; Earnings per share were $0.7, a year-on-year increase of 88.11%. This also means that the company will achieve record breaking revenue and profits for the sixth consecutive quarter.
Overall, Wall Street's current target price for Nvidia ranges from $160 to $200, and Nvidia remains a key leader in the AI driven semiconductor market. However, analysts warn that investors should also closely monitor its high price to earnings ratio and broader market volatility.
In addition, in addition to Nvidia, Xiaomi, Pinduoduo, Xiaopeng Auto, Kwai and other Chinese technology stocks will also be listed in succession.
A series of data from the United States is about to be released, pay attention to the speeches of Federal Reserve officials
Next week's economic calendar is once again becoming light, with the United States releasing a series of real estate data. Other highlights include Thursday's Philadelphia Fed Manufacturing Index, as market participants are monitoring whether economic activity in the Philadelphia area has increased sharply like in nearby New York State. The S&P Global Purchasing Managers' (PMI) survey and the University of Michigan Consumer Survey are also worth paying attention to. If the data once again confirms the resilience of the US economy, gold prices may become even more sluggish against the backdrop of further cooling expectations of the Federal Reserve's interest rate cuts.
In addition, some officials of the Federal Reserve may continue to pour cold water on the market, and if more Federal Reserve policy makers emphasize the need to slow down the pace of interest rate cuts, the US dollar may continue to be supported.
Trump 2.0 continues to disrupt the market and continues to monitor Trump's transition plan
The aftermath of the Trump deal will continue to echo in global markets, and investors will continue to pay attention to Trump's transition plan, including his choices for key cabinet positions.
Investors will continue to pay attention to Trump's transition plan, including his choices for key cabinet positions, as some of his initial appointments have led to weakness in sectors such as pharmaceuticals and defense stocks.
Wall Street analysts believe that investors should proceed with caution due to the uncertain market outlook caused by post election concerns. As the initial excitement brought by Trump's pro business agenda begins to fade, investors gradually realize the cost of his fiscal plan and the risk of reigniting inflation.
In the era of Trump 2.0, the constantly emerging political news has made the market more fragile, for example, after Trump nominated vaccine skeptic Robert Kennedy Jr. as Secretary of Health, the stock prices of large pharmaceutical companies fell in response. And given that the US stock market is still at a historic high, we cannot rush to buy on dips
China's November LPR is about to be released
On Wednesday, the People's Bank of China will announce the market quoted interest rate (LPR) of China's November one-year and five-year loans.
On the 21st of last month, the People's Bank of China authorized the National Interbank Funding Center to announce that the 1-year and 5-year LPR interest rates were reduced by 25BP, with the 1-year LPR being 3.10% and the 5-year and above LPR being 3.60%. The single decline is the largest since the LPR reform in 2019, still exceeding market expectations, demonstrating the strength and determination of monetary policy to support the economy.
Zhou Maohua, a macro researcher at the Financial Market Department of Everbright Bank, believes that given the current domestic price environment, there is still ample room for conventional policy tools. Considering that by the end of the year, there may be some fluctuations in the funding situation due to the promotion of financial institutions to increase support for the real economy, the implementation of incremental fiscal policies, and seasonal disturbances, in order to do a good job in cross cycle adjustment, it is not ruled out that the central bank will further reduce the reserve requirement ratio. In addition, there is still room for interest rate tools at present, which need to be based on the recovery of the real economy and prices, while taking into account internal and external balance.
Will the Governor of the Bank of Japan release a signal to raise interest rates in December?
On Monday, the 18th, Bank of Japan Governor Kazuo Ueda will hold a press conference. The market is closely monitoring its statements in search of clues for further interest rate hikes by the Bank of Japan. This is the first time since Trump won the US presidential election that Kazuo Ueda has directly discussed monetary policy.
At present, there is still disagreement in the market on whether the Bank of Japan will raise interest rates next month or January next year.
Some analysts believe that considering the unexpected interest rate hike in July triggered a market shock in August, Ueda's speech may adopt more cautious language. If the Bank of Japan hopes to prepare for the policy meeting on December 18-19, Ueda may release some hawkish signals.
According to a recent Reuters survey, most economists do not expect the Bank of Japan to raise interest rates again this year, but nearly 90% of economists expect rates to rise by the end of March next year.
This week's key performance calendar
Monday, November 18th
Keywords: November NAHB housing market index in the United States, speeches by Bank of Japan Governor Kazuo Ueda, speeches by Federal Reserve officials, Xiaomi performance
On Monday, in terms of economic data, the November NAHB housing market index in the United States will be released.
In terms of financial events, Bank of Japan Governor Kazuo Ueda delivered a speech.
This will be the first time that Kazuo Ueda has had the opportunity to speak directly on monetary policy since Trump won the US presidential election on November 5th and Japan's third quarter GDP data showed unexpectedly resilient consumption. The market will closely monitor for clues about whether the Bank of Japan may raise interest rates next month.
In addition, Chicago Fed President Goolsby delivered a welcome speech at the Financial Markets Group's fall meeting.
In terms of performance, Hong Kong stock companies Xiaomi Group-W (01810. HK) and TuTu Intelligence-W (02391. HK) will announce their latest financial reports; EH.US, a US stock company, will release its earnings report before the market, while TCOM. US, a Chinese e-commerce company, will announce its results after the market closes.
Tuesday, November 19th
Keywords: the annual total number of new housing starts in October in the United States, the total number of construction permits in October in the United States, Wal Mart//Xiaopeng Auto performance
On Tuesday, in terms of economic data, the United States will release the annualized total number of new housing starts for October and the total number of construction permits for October.
In terms of performance, Wal Mart (WMT. US), Xiaopeng Automobile (XPEV. US) and Futu Holding (FUTU. US) will successively list in front of the US stock market.
Wednesday, November 20th
Key words: API crude oil inventory from the United States to the week of November 15, one-year loan market quotation rate from China to November 20, NVIDIA/Kwai/Weilai performance
On Wednesday, in terms of economic data, the People's Bank of China will announce the market quoted interest rate (LPR) of China's one-year and five-year loans in November;
The United States will release its API crude oil inventory for the week ending November 15th, EIA crude oil inventory for the week ending November 11th, EIA crude oil inventory for Cushing, Oklahoma for the week ending November 11th, and EIA strategic petroleum reserve inventory for the week ending November 11th.
In terms of performance, Kwai W (01024. HK) of Hong Kong shares will release its financial report, NIO. US will release its performance before the session, and NVDA. US and Snowflake (SNOW. US) will release their performance after the session.
In terms of new shares, Fitness Champs Holdings Ltd. (FCHL. US) will go public.
Thursday, November 21st
Keywords: initial jobless claims for the week ending November 16th in the United States, Philadelphia Fed Manufacturing Index for November, annualized total home sales for October in the United States, monthly rate of leading indicators for the October Conference Board, Pinduoduo performance
On Thursday, in terms of economic data, a series of data including the number of initial jobless claims for the week ending November 16th, the Philadelphia Fed Manufacturing Index for November, the annualized total sales of existing homes in October, the monthly rate of leading indicators from the US Conference Board for October, and the EIA natural gas inventory for the week ending November 11th will be released.
In terms of financial events, the 2024 FOMC voting committee and Cleveland Fed Chairman Hammack delivered a welcome speech at the 2024 Financial Stability Conference.
In terms of performance, Pinduoduo (PDD. US), Beike (BEKE. US), iQiyi (IQ. US) and others will announce their results before the US stock market.
In terms of new stocks, Leishen Energy Holding Co., Ltd. (LSE. US) and Pony. US will go public.
Friday, November 22nd
Keywords: Japan's October core CPI annual rate, US November S&P global manufacturing PMI final value, one-year inflation rate expectation initial value, November University of Michigan consumer confidence index initial value; Hang Seng Index quarterly inspection
On Friday, in terms of economic data, Japan will release the annual core CPI rate for October, while the United States will receive a series of data, including the final S&P global manufacturing PMI value for November, the initial expected one-year inflation rate for November, and the initial value of the University of Michigan Consumer Confidence Index for November.
In terms of financial events, in 2025, FOMC voting committee and Chicago Fed Chairman Goolsby participated in a Q&A session at a meeting; Speaker of the 2024 FOMC and Cleveland Fed, Hammack, delivered a speech at the 2024 Financial Stability Conference.
In addition, Hang Seng Index Company announced the results of its third quarter review, and the changes in the constituent stocks of the Hang Seng Index series will take effect on December 9th.
In terms of new stocks, PHH. US, Brillia Inc. (BRIA. US), and YSX Tech Co., Ltd. (YSXT. US) will be listed on the US stock market.