Last night (January 18, 2024), the three major US stock indexes collectively closed higher, with the Dow Jones Index up 0.54%, the S&P 500 Index up 0.88%, and the Nasdaq Index up 1.35% to offset the year's decline. The Nasdaq 100 Index opened higher, closing up 1.47% at 16982.29 points, setting a new historical high!
In terms of gains for constituent stocks of the Nasdaq 100 index, Kuaishou rose by over 7.1%, while Kelei, Applied Materials, and Asma rose by over 4.5%, while Maywell Technology and Ram Research rose by over 4.3%. Qualcomm, PayPal, Broadcom, and others ranked first in terms of gains. In terms of decline, Xinsi Technology fell more than 2.6%, while USD Tree, Kraft Heinz, and MongoDB fell more than 2%, with US Power, Moderna, and Exron leading the decline.
Except for Tesla, which fell 1.7%, all the other seven giants on the Nasdaq rose. Apple surged over 3.2%, Facebook rose 2.11%, and Nvidia rose 1.88%, setting a new historical high in market value! Google A rose 1.42%, Amazon rose 1.18%, and Microsoft rose 1.13%.
In terms of popular ETFs, the Nasdaq 100 ETF (159660), which focuses on low rates, opened high today and rose 1.9% in half a day. The trading session continued to maintain a high premium, with a closing premium of 1.42%, indicating active buying activity
It is worth noting that the low rate Nasdaq 100 ETF (159660) has seen significant cash flow recently, with a total of 38.92 million yuan absorbed in the past 20 days. Especially when there is a significant premium, buying and selling arbitrage has become a strategy for many investors to increase their returns!
In addition, currently the Nasdaq 100ETF (159660) is a rare variety among similar products with no upper limit on daily subscription! The NASDAQ 100 ETF Link Fund (Class A: 018966; Class C: 018967) has been established, and Huitianfu Fund is confident in self purchasing over 10 million yuan! At present, redemption applications have been opened across the entire network, and investors who prefer off exchange subscription and regular investment are the Nasdaq 100 off exchange investment tools available on mainstream fund sales platforms across the network. The Nasdaq 100 off exchange layout tools are available in 7X24 hours!
[Latest updates on constituent stocks of the Nasdaq 100 ETF (159660) index]
Apple: Bank of America opposes the market and is optimistic, upgrading Apple's stock rating to buy and expecting Apple's stock price to rise by more than 20% in the next 12 months. This has also boosted market confidence to a certain extent, after all, the former "stock king" was a heavyweight stock ranked among the top in the Nasdaq.
Nvidia: Meta will invest billions of dollars to purchase Nvidia AI chips. Meta CEO Mark Zuckerberg stated on social media that the company's future roadmap for artificial intelligence (AI) requires it to establish a large-scale computing infrastructure. Zuckerberg said that by the end of 2024, infrastructure will include 350000 H100 graphics cards from Nvidia. Zuckerberg did not disclose how many H100 graphics cards Meta had purchased, but H100 was not released until the end of 2022 and supply was limited.
Google: Google will invest $1 billion to build a new data center in the UK to meet demand. Alphabet's Google announced in a statement on Thursday evening that it will invest $1 billion to build a new data center in the UK to meet the growing demand for Google services. This is an encouragement for the UK government as it is attempting to position the UK as a world leader in technology.
Meta: Advertising using artificial intelligence reduces acquisition costs by approximately 17%. Nicola Mendelsohn, Global Business Unit Head of MetaPlatforms, stated at the World Economic Forum held in Davos on Thursday that with the help of artificial intelligence (AI), the return on investment for advertising on Meta applications has uniformly increased by 32%. Mendelsohn suggests that advertising using artificial intelligence also reduces acquisition costs by about 17%.
International investment banks expect to start cutting interest rates in June, while UBS raises its expectations for the US stock market
Citigroup stated that it expects the FOMC to start cutting interest rates in June, compared to its previous forecast of July. The total expected rate cut in 2024 is 125 basis points, compared to the previous forecast of 100 basis points.
After FOMC released a dovish signal in December last year, UBS became the latest bank to raise its expectations for the US stock market. UBS raised its forecast for the 2024 S&P 500 index by 6% to 5150 points on Tuesday. About a month ago, this Swiss bank estimated the S&P 500 index to be 4850 points in the next year.
Guolian Securities stated that currently, the profitability and cash generation ability of technology leaders in the US stock market in 2023 are still strong, even in an environment of rising interest rates and borrowing costs. Therefore, overall, these companies have strong defensive capabilities and relatively high fundamental support.
【 Top institutions disclose 13F report, Hillhouse increases its holdings in technology stocks such as Amazon and Microsoft in the third quarter 】
HHLRadvisors, a subsidiary of Hillhouse, recently released its US stock holdings data for the third quarter of 2023. Hillhouse has conducted centralized allocation around technology companies and biotech innovation pharmaceutical companies, and has increased holdings and new purchases in 11 stocks including Microsoft and Amazon. As of the end of the third quarter of 2023, the top ten heavy holdings of HHLRadvisors are BeiGene, Pinduoduo, Shell, Legendary Biology, Microsoft, DoorDash, Saffles, Alibaba, TAKE-TWO Interactive Software, and Amazon. Chinese concept stocks account for half of the total, with market value accounting for over 70%. In addition to Chinese concept stocks, technology remains an important investment direction for HHLRadvisors. In addition to Alibaba, SF Express, DoorDash, Microsoft, and other top ten heavy holdings, HHLRadvisors also increased their holdings in Amazon and entered the top ten shareholders in the third quarter. In addition, they also increased their holdings in companies such as Boss Direct Hire and ROIVANTSCIENCES, as well as new related targets such as SEA and Tesla.
From the perspective of asset allocation, investing in global technology giants can help domestic investors effectively diversify risks to a certain extent; Against the backdrop of falling inflation and FOMC tightening monetary policy turning points in the short term, the US technology stock market is worth looking forward to. The NASDAQ 100 ETF (159660) and Link A (018966) and Link C (018967) are effective tools for one click layout of US technology stocks.
The NASDAQ 100 ETF (159660) tracks the NASDAQ 100 Index. In the era of artificial intelligence, the world's leading and most profound technology giants in the field of AI still concentrate on NASDAQ, such as Apple, Microsoft, Google, Nvidia, Meta, and so on. These AI giants are all among the top ten heavyweight stocks in the NASDAQ 100 Index, with the top ten heavyweight stocks accounting for over 45.5% of the NASDAQ 100 Index, Concentrated dragon head attributes. The management fee for NASDAQ 100 ETF (159660) is 0.5% per year, which is significantly lower than the mainstream rate structure in the market. The rate advantage is obvious, and saving is earning.
(Risk reminder: The above index components are for display only and do not represent any form of individual stock recommendation!)
Starting from NASDAQ, even better than NASDAQ
According to public information, the NASDAQ index includes 100 non-financial companies listed on NASDAQ. Since its inception, the NASDAQ market has successfully incubated a large number of technology giants and is widely regarded as one of the most successful investment markets for cultivating innovative, technology-based, and growth oriented companies. As the flagship index of the NASDAQ market, the Nasdaq 100 index has significantly outperformed the Nasdaq index in the long run. Since 1991, the NASDAQ 100 index has achieved an annualized return of 14.26% over the past 30 years, significantly higher than NASDAQ's 11.75%. (Data as of December 29, 2023)
Data statistics interval from January 1991 to December 29, 2023
Risk warning: Funds carry risks and investment needs to be cautious. This material is for promotional purposes only and is not intended as any legal document. The past performance of a fund does not predict future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. The fund manager manages and utilizes the fund assets in accordance with the principles of diligence, honesty, and prudence, but does not guarantee a certain profit from investing in this fund, nor does it guarantee a minimum return. Investors should carefully read legal documents such as the Fund Contract, Prospectus, and Product Information Summary to gain a detailed understanding of product information. The Nasdaq 100 ETF belongs to the medium risk level (R3) product and is suitable for investors who have been assessed by customer risk level as balanced (C3) or above. The underlying index cannot fully represent the entire stock market. The average return rate of the constituent stocks in the target index may deviate from the average return rate of the entire stock market. Investors are advised to pay attention to the risks of index investment and the holding risks of concentrated investments in constituent stocks of the NASDAQ 100 index. Attention should be paid to the risks of significant equity and high concentration in some index components. Attention should be paid to the risks of index investment, ETF operation risks, unique risks of investing in specific varieties, and risks of participating in securities lending through refinancing.