Walmart (NYSE: WMT) Stock Price Trend Forecast and Market Analysis-2022.12.29

/ / Consumer Discretionary /

Walmart (NYSE: WMT) stock price trend forecast and market analysis: 2022.12.29 From the stock chart analysis, the recent stock price has fallen from the high of $154 of the rebound, and the probability of short-term stock prices fluctuating above and below the 60-day moving average is very high. If the stock price falls below $135, it may start a new short-term downtrend, and it is recommended that the short-term transactions buy price be held above $135 or sell high and buy low. Medium-term holding has a lower chance of profit.  The recommended short-term and medium-term stop loss price is $135. From Analysis from financial statements, Q3 2023 achieved revenue of $152.8 billion, YoY +8.7%, net income attributable to common shareholders -$1.798 billion, YoY-157.9%, EPS -$0.66. The company’s long-term holding value remains unchanged, and it is recommended to control the buying point at about $120 for long-term holding, and it is […]

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JPMorgan: U.S. stocks are expected to rise next year

/ / Financials /

JPMorgan economists believe that U.S. stocks have solved their troubles before macro problems arise in 2023 and now seem increasingly attractive. While we don’t think the stock market has bottomed out, we do think that the risk-to-reward ratio has improved in 2023 given the decline in 2022. With quite a bit of bad news already digested, we believe the likelihood of further declines is more limited than it was at the beginning of 2022. Importantly, the probability of a rise in U.S. stocks by the end of next year has increased enough to be a base scenario.

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Tesla (NASDAQ:TSLA) price target Lowered to $250 at Morgan Stanley

/ / Consumer Discretionary / ,

Morgan Stanley analyst Adam Jonas lowered Tesla’s (NASDAQ:TSLA) price target to $250 from $330, maintaining an “overweight” rating. Considering the steep discount on electric vehicle prices, Jonas attributed the $43 price target reduction to the core automotive business. The analyst also attributed the $12 price target cut to the autonomous driving business and the $25 price target to the network services business.

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S&P Global: The impact of insufficient supply of automotive chips is expected to slow in 2023

/ / Consumer Discretionary

According to a report by research firm S&P Global, the impact of insufficient supply of automotive chips is expected to slow down in 2023, but global new vehicle sales of passenger cars and light commercial vehicles only increased by 5.6% year-on-year to about 83.6 million units, lower than in 2019 before the pandemic. Even though global new cars have been in short supply for two consecutive years, there are still accumulated orders undigested, and it is estimated that global new car sales in 2022 will decline by 1.3% year-on-year to only 79.2 million units.

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Meta (NASDAQ:META) acquires Belgian 3D printing lens company Luxexcel

/ / Technology /

According to Belgian media De Tijd, Meta Platforms (NASDAQ:META)  has acquired Belgian 3D printing lens company Luxexcel, and the specific terms of the deal are unclear. Meta said it is very pleased to have the Luxexcel team on board, which expands the partnership between the two companies. Founded in 2009, Luxexcel has been focusing on 3D printed lenses, allowing users to quickly create exclusive lenses at affordable prices according to their vision parameters. With the rise of AR/VR, Luxexcel has leveraged its extensive experience in 3D printing, optics, and materials knowledge to enter the said field, and has partnered with the likes of Lumus and WaveOptics to develop lens modules for AR. Among them, Luxexcel’s technology can help print lenses that contain air gaps, allowing waveguides to work properly.

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Amazon plans to launch a standalone sports app

/ / Consumer Discretionary /

According to people familiar with the matter, Amazon has discussed developing a standalone sports content viewing app. The company’s CEO, Andy Jassy, is ramping up his efforts in the streaming business. While one of the people said the company has yet to decide whether to move forward with the plan, discussions suggest that Amazon may be considering new ways to generate revenue from the multibillion-dollar deal it signed with live sports. So far, most of these sporting events are included in the standard Prime membership subscription service.

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Pfizer submitted a marketing application for pentavalent meningococcal vaccine to the US FDA

/ / Health Care /

Pfizer submitted a Biologics License Application (BLA) for MenABCWY, a pentavalent meningococcal vaccine candidate, to the U.S. Food and Drug Administration (FDA) for the prevention of meningococcal disease, the most common serogroup in people aged 10 to 25 years. FDA expects to make a decision in October 2023. Pfizer said its pentavalent meningococcal vaccine MenABCWY, like its own group B meningococcal vaccine Trumenba and GlaxoSmithKline’s meningococcal vaccine Menveo, met the primary and secondary goals of the phase III trial in healthy people aged 10-25 years. Pfizer said Wednesday that if approved, the vaccine would help simplify the meningococcal vaccination schedule and provide the broadest meningococcal seropopulation coverage.

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Japan approves the AstraZeneca blood cancer drug Calquence

/ / Health Care /

Japan’s Ministry of Health, Labour and Welfare approved AstraZeneca’s Calquence for the treatment of treatment-naïve adult patients with chronic lymphocytic leukemia (CLL), including small lymphocytic lymphoma (SLL). The approval was supported by data from two trials, including a phase 3 study called ELEVATE-TN.

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Industry insiders: The oversupply of memory will gradually improve in 2023

/ / Technology

In 2023, all major memory factories will deploy DDR5, and its penetration rate will help further improve supply and demand. The three major DRAM factories such as Samsung Electronics, SK Hynix, and Micron have mass-produced DDR5 in 2022, and the initial proportion of production capacity is still not high, and the penetration rate of DDR5 in the standard DRAM field in the fourth quarter of 2022 is about 15%. Industry insiders generally believe that the oversupply of memory in 2023 will gradually improve, the top three original manufacturers will give priority to DRAM prices, conducive to DRAM from the first quarter of 2023 to the bottom, but NAND Flash competition pressure is greater, it is expected that the market demand reversal may be delayed by 1~2 quarters.

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Tesla is likely to announce fourth-quarter deliveries on January 3, with an expected delivery of about 425,000

/ / Consumer Discretionary /

Tesla (NASDAQ:TSLA) will announce deliveries for the fourth quarter in a few days. Wall Street expects Tesla to deliver about 425,000 vehicles in the fourth quarter. Tesla usually announces deliveries on the second day of the new quarter, with the next quarter starting Jan. 2. In addition, Wall Street expects Tesla to deliver approximately 445,000 units in the first quarter of 2023 and 1.9 million units for the full year, up from 1.3 million units expected for the full year in 2022.

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