Daily US Stock Market News Briefing (March 13, Thursday)

USHK News
2025.03.13 13:08

Important News

  1. The number of initial jobless claims in the U.S. for the week ending March 8 was 220,000, expected to be 225,000, with the previous value revised from 221,000 to 222,000.

  2. The U.S. February PPI month-on-month rate was 0%, expected to be 0.3%, with the previous value revised from 0.40% to 0.6%; this is the smallest increase since July 2024.

  3. The U.S. February PPI year-on-year rate was 3.2%, expected to be 3.3%, with the previous value revised from 3.50% to 3.7%.

Individual Stock News

  1. Futu Holdings (FUTU.O) reported a 1.1 times year-on-year increase in adjusted net profit for Q4 2024.

  2. Intel (INTC.O) announced that the board has appointed Lip-Bu Tan as CEO.

  3. Google (GOOG.O) CEO Sundar Pichai announced the open-source release of the latest multimodal large model Gemma-3.

  4. Morgan Stanley lowered its target price for Apple (AAPL.O) from 275 to 252 USD, while maintaining an overweight rating on Apple stock; however, it pointed out that the delayed launch of the upgraded Siri digital assistant will directly affect the slope of future iPhone sales growth and replacement cycles.

  5. Weibo (WB.O): Total revenue for Weibo in 2024 is expected to reach 1.75 billion USD, with adjusted operating profit for the year reaching 584.1 million USD; total revenue for Q4 is 456.8 million USD, with adjusted operating profit for Q4 reaching 136.2 million USD.

  6. Xunlei reported total revenue of 84.3 million USD for Q4 2024, a year-on-year increase of 9.3%, with total revenue for the year at 324 million USD, and a net profit of 23.9 million USD based on non-GAAP.

  7. Citigroup released a research report, maintaining a buy rating on Walmart (WMT.N) with a target price of 120 USD.

  8. Bristol-Myers Squibb (BMY.N) has received clinical approval in China for its Class 1 cancer dual-drug combination therapy.

  9. Jefferies downgraded PepsiCo (PEP.O) rating for cola to hold and lowered the target price from 171 USD to 170 USD

Source: USHK News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.