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China ADRs rise on state fund buying

BUZZ-China ADRs rise on state fund buying ** U.S.-listed shares of Chinese companies rise premarket trade on heavy buying from sovereign fund Huijin, and expectations of fresh stimulus for the property sector ** State-backed Central Huijin Investment boosted ownership in a handful of blue-chip ETFs, according to the fund manager's mid-year reports
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U.S. Autodesk, Elastic NV, GMS

U.S. RESEARCH ROUNDUP-Autodesk, Elastic NV, GMS Aug 30 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Autodesk, Elastic NV and GMS, on Friday. HIGHLIGHTS * Autodesk Inc ADSK.O : RBC raises target price to $313 from $290 * Elastic NV ESTC.N : Piper Sandler cuts target price to $100 from $131 * GMS Inc GMS.N : Truist Securities cuts target price to $90 from $95 * Nvidia Corp NVDA.O : Baird raises target price to $150 f
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U.S. STOCKS NetEase, Wolfspeed, B. Riley

BUZZ-U.S. STOCKS ON THE MOVE-NetEase, Wolfspeed, B. Riley Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes fell in volatile trading on Thursday, as rising Treasury yields pressured stocks ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole that could offer clues on the possibility of a rate cut next month.
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U.S. STOCKS Evogene, Stryker, Opera

BUZZ-U.S. STOCKS ON THE MOVE-Evogene, Stryker, Opera Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes fell in volatile trading on Thursday, as rising Treasury yields pressured stocks ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole that could offer clues on the possibility of a rate cut next month.
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Youdao Inc reports results for the quarter ended in June - Earnings Summary

Youdao Inc reports results for the quarter ended in June - Earnings Summary Youdao Inc DAO.N reported a quarterly adjusted loss of 82 fen​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $-2.32. The lone analyst forecast for the quarter was for a loss of CNY1.86 per share. Revenue rose 9.5% to CNY1.32 billion from a year ago; analysts expected $1.35 billion.
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U.S. STOCKS Snowflake, Zoom, Synopsys

BUZZ-U.S. STOCKS ON THE MOVE-Snowflake, Zoom, Synopsys Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes eyed a higher open on Thursday, as investors were more hopeful the Federal Reserve would kick off its interst-rate cut cycle next month, while awaiting policymakers' commentary at Jackson Hole this week.
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U.S. STOCKS Wolfspeed, Synopsys, Zuora

BUZZ-U.S. STOCKS ON THE MOVE-Wolfspeed, Synopsys, Zuora Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures crept higher on Thursday as sentiment remained upbeat about the Federal Reserve possibly kicking off its policy easing cycle next month, while investors awaited policymakers' commentary at Jackson Hole this week.
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NetEase slips after Q2 results miss estimates

BUZZ-NetEase slips after Q2 results miss estimates ** U.S.-listed shares of Chinese games giant NetEase NTES.O 9999.HK fall 4.9% to $88.10 premarket ** Co's Q2 revenue of RMB25.5 bln ($3.5 bln) misses analysts estimates of RMB25.9 bln - LSEG data ** Q2 adj. EPS per American Depository Share (ADS) of RMB12.05 ($1.66) below estimates of RMB12.11 ** S
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Youdao Inc <DAO.N> expected to post a loss of CNY1.86 a share - Earnings Preview

Youdao Inc expected to post a loss of CNY1.86 a share - Earnings Preview Youdao Inc DAO.N , DAO is expected to show a rise in quarterly revenue when it reports results on August 22 for the period ending June 30 2024 The Hangzhou Zhejiang-based company is expected to report a 12.0% increase in revenue to $1.352 billion from $1.21 billion a year ago, according to the mean estimate from 2 analysts, based on LSEG data.
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NetEase Inc <NTES.OQ> expected to post earnings of CNY12.11 a share - Earnings Preview

NetEase Inc expected to post earnings of CNY12.11 a share - Earnings Preview NetEase Inc NTES.OQ , NTES.O is expected to show a rise in quarterly revenue when it reports results on August 22 for the period ending June 30 2024 The Hangzhou Zhejiang-based company is expected to report a 8.0% increase in revenue to CNY25.937 billion from CNY24.01 billion a year ago, according to the mean estimate from 11 analysts, based on LSEG data.
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China ADRs down as local shares post biggest fall in 6 months

BUZZ-China ADRs down as local shares post biggest fall in 6 months ** U.S.-listed shares of Chinese companies fall premarket ** Chinese stocks recorded their biggest single-day drop in six months, demonstrating the fragility of investor sentiment despite ongoing stimulus efforts .SS ** E-commerce firms Alibaba Group Holding BABA.N , JD.com Inc JD.O
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China ADRs decline as bets of Trump's White House return rise

BUZZ-China ADRs decline as bets of Trump's White House return rise ** U.S.-listed shares of Chinese companies drop after an assassination attempt on former U.S. President Donald Trump's election rally on Saturday boosted odds of the Republican candidate winning the upcoming presidential elections ** "Companies reliant on business in China as well as Chinese stocks with U.S.
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China ADRs slide after local stocks end week at 4-1/2 month low

BUZZ-China ADRs slide after local stocks end week at 4-1/2 month low ** U.S.-listed shares of Chinese companies fall premarket ** China stocks closed the week at 4-1/2 month low , weighed by financial and consumer shares, while investors braced for moves from country's central bank that could affect market sentiment ** E-commerce firms Alibaba Group Holding BABA.N , JD.com Inc JD.O and PDD Holdings PDD.O fall between 0.9% and 1.9% ** Gaming stocks Bilibili Inc BILI.O slides 0.6% and peer NetEase
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