市场资讯及洞察

Tesla Inc. (NASDAQ: TSLA) reported Q4 2022 financial results after the market close in the US on Wednesday. World’s largest automaker reported revenue that fell short of Wall Street expectations at $24.32 billion (up by 37% vs. Q4 2021) vs. $24.669 billion expected.

The company beat earnings per share (EPS) estimates for Q4. EPS at $1.19 per share vs. $1.127 per share estimate. Company commentary ''Q4-2022 was another record-breaking quarter and 2022 was another record- breaking year.

In the last quarter, we achieved the highest-ever quarterly revenue, operating income and net income in our history. In 2022, total revenue grew 51% YoY to $81.5B and net income (GAP) more than doubled YoY to $12.6B.'' ''As we progress into 2023, we know that there are questions about the near- term impact of an uncertain macroeconomic environment, and in particular, with rising interest rates. The Tesla team is used to challenges, given the culture required to get the company to where it is today.

In the near term we are accelerating our cost reduction roadmap and driving towards higher production rates, while staying focused on executing against the next phase of our roadmap.'' Stock reaction The share price of Tesla was up by 0.38% at $144.34 a share at market close on Wednesday. The stock rose by around 1% in the after-hours trading after the results. Stock performance 1 month: +28.14% 3 months: -35.71% Year-to-date: +17.25% 1 year: -53.78% Tesla stock price targets High: $436 Median$194 Low: $85 Average: $208.55 Tesla is the 13 th largest company in the world with a market cap of $455.91 billion.

Tesla’s total market cap has decreased by 52% in the past year. You can trade Tesla Inc. (NASDAQ: TSLA) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Tesla Inc., TradingView, MarketWatch, MetaTrader 5, WSJ, CompaniesMarketCap

Mastercard Inc. (NYSE: MA) announced the latest financial results for the previous quarter before the market open on Thursday. World’s third largest financial services company beat both revenue and earnings per share (EPS) estimates for Q4 2022. The company reported revenue of $5.817 billion vs. $5.793 billion estimate.

EPS at $2.65 per share in Q4 vs. $2.575 per share expected. CEO commentary ''We closed out the year with strong financial results and notable wins which will help us capitalize on the tremendous secular shift to digital payments,'' Michael Miebach, CEO of the company said in a press release. ''As we look at the broader economy, we see the continued recovery of cross-border travel, with volumes up 59% versus a year ago and we’re encouraged by Asia opening up further. While macroeconomic and geopolitical uncertainty persists, consumer spending has been remarkably resilient.

We are well prepared to adjust our investment profile quickly if needed,'' Miebach concluded. Stock reaction Share price of Mastercard dipped by around 2% on Thursday, trading at around $374 a share. Stock performance 1 month: +7.91% 3 months: +17.65% Year-to-date: +8.06% 1 year: +7.19% Mastercard stock price targets Baird: $410 Barclays: $427 Truist Securities: $450 Jefferies: $430 Keybanc: $425 UBS: $441 Wells Fargo: $405 Mizuho: $380 Morgan Stanley: $437 Mastercard is the 19 th largest company in the world with a market cap of $363.31 billion.

You can trade Mastercard Inc. (NYSE: MA) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Mastercard Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap

热门话题

1. 铜产业链简介铜，作为继铁、铝之外的世界第三大金属，被广泛应用在计算机、电子通信、能源发电、汽车、国防以及建筑等各大领域。铜具有良好的导电性质、耐腐蚀以及良好的延展性等优点。同时，铜作为工业原材料，被市场赋予了双重属性，即自身的工业商品属性和与黄金类似的金融属性。铜价被誉为“铜博士”，是反映宏观经济运行状况的锚，当铜价上涨时，经济活动往往会随之而来；当铜价下跌时，经济活动往往会逐渐停滞。

纵观整个铜产业链，从上游采矿、勘探到中游的冶炼加工以及到下游的应用。上游主要针对铜矿的开采和勘探从而获得冶炼铜的原材料，同时作为生产再生铜的铜废料也可以看作上游的一部分，铜矿分布在世界各地，ASX中有一些公司便属于铜上游板块。中游主要负责对铜矿的冶炼和粗铜的加工，通过不同的加工工艺将精炼铜加工成铜棒、铜管、铜箔等不同形状的产品，下游即进入消费端，涵盖电力、建筑、电子、国防等行业。2. 铜价：乘新能源趋势东风，受益美联储政策回暖供给端：ICSG统计数据显示2022年全球铜矿产能为2604万吨，精炼铜产能3014万吨，主要分布在智利（24.7%）、秘鲁（10.4%）等地区，全球产能之首的铜矿Escondida拥有1510千吨/年的产能，由BHP Billiton控制57.5%的权益。2022年前三季度全球铜矿产量1614.3 万吨，同比增长3.5%；全球精炼铜产量1900.1 万吨，同比增长2.3%，其中原生精炼铜产量1590.6 万吨，再生精炼铜产量309.5 万吨。全球一些龙头矿企产量受维修、罢工以及干旱等影响同比大幅下滑，短期来看，供给难以快速恢复；长期来看, 铜矿从勘探、开采、建设到生产周期太长，供给端很难有增幅。需求端：铜被广泛应用到各个领域，其中新能源板块值得关注。新能源汽车在电池、电机等部件需要大量用铜，燃油车单车含铜量23kg，而新能源汽车PHEV单车含铜量约为60kg， BEV 单车含铜量约为83kg；光伏中铜用于逆变器、电缆以及电线等， 1MW 光伏需要 5.5吨铜；此外风电产业也需要用铜，海上风电每MW需要约 15 吨铜，陆上风电每MW需要约 5 吨铜。整体来看，三大新能源板块的迅速发展将强势拉动用铜需求。结合供需两个角度来看，未来铜价或将上行。金融属性：2022年美联储一次次的加息导致了铜价承压，出现了整体下滑的趋势，而2022年12月的CPI数据回暖也导致了市场对美联储2023年停止加息甚至降息的预期。对于铜价来说，降息也会对其价格形成上行的驱动力。3. ASX-铜矿板块股票

上图所示为澳交所中铜矿板块股票，从年初至今，有七家公司涨幅比较明显，其中涨幅最高的为CYM（38.10%），其次像AIS,PEX,C6C等涨势也比较明显，他们主要都是从事铜矿的勘探与开采，位于铜产业链上游。与上文分析一致，未来铜价由于需求增加以及美联储的政策放松将有上行趋势，进而带动上游铜矿的业绩，建议投资者关注ASX中铜板块的股票所带来的交易机会，也敬请关注我们将在后期推出铜矿个股的研究报告。免责声明：GO Markets分析师或外部发言人提供的信息基于其独立分析或个人经验。所表达的观点或交易风格仅代表其个人；并不代表GO Markets的观点或立场。联系方式：墨尔本 03 8658 0603悉尼 02 9188 0418中国地区(中文） 400 120 8537中国地区(英文） +248 4 671 903作者：Yiduo Wang | GO Markets 助理分析师

Microsoft Corporation (NASDAQ: MSFT) reported the latest financial results on Wall Street after the market close on Tuesday. Let’s take a closer look at the results. The US technology giant reported revenue of $52.747 billion for quarter ending on December 31, 2022 (up by 2% year-over-year), narrowly falling short of $52.987 billion revenue expected.

Earnings per share (EPS) reported at $2.32 per share (down 6% year-over-year) vs. $2.293 per share estimate. CEO and CFO commentary ''The next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform,'' CEO of Microsoft, Satya Nadella looked into the future of the company. ''We are committed to helping our customers use our platforms and tools to do more with less today and innovate for the future in the new era of AI,'' Nadella concluded. Amy Hood, CFO: ''We are focused on operational excellence as we continue to invest to drive growth.

Microsoft Cloud revenue was $27.1 billion, up 22% (up 29% in constant currency) year-over-year as our commercial offerings continue to drive value for our customers.'' Stock reaction Shares of Microsoft were down by 0.22% at market close on Tuesday, trading at $241.56 a share. The stock was up by around 4% in the after-hours. Stock performance 1 month: +2.14% 3 months: -3.44% Year-to-date: +0.93% 1 year: -16.10% Microsoft stock price targets High: $365.00 Median: $280.00 Low: $212.00 Average: $284.76 Microsoft is the 3 rd largest company in the world with a market cap of $1.804 trillion.

You can trade Microsoft Corporation (NASDAQ: MSFT) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Microsoft Corporation, TradingView, MarketWatch, MetaTrader 5, WSJ, CompaniesMarketCap

热门话题

2023年初的金融市场是一改去年阴霾，纷纷报以涨升，自1月1日以来，市场全球各股指均录得上涨，去年熊冠全球的恒指更是以11.44%涨幅领涨全球，英法德三国也忘却了俄乌战争，在央行政策继续鹰派的背景下，也录得不错的涨幅，澳元和纽元在货币市场里面涨幅名列冠亚军，比特币甚至暴力上涨了近35%。大家都在思考一个问题，今年的市场是不是有了新的逻辑？未来是反转看多，还是说只是一个反弹？

要回答这个问题，我们要再梳理一下目前市场的关键变化。要知道股市，债市同时大涨的情况不多见，上次出现还是在1998年。近期美元回落，是大家对于过去一年美联储加息抗通胀有一定的认可，回顾2022年通货膨胀加剧，上半年供应链瓶颈导致二手车和新车价格大涨，同时俄乌冲突点燃原材料行情，引爆全球通货膨胀和能源危机。然而，下半年开始，由于全球央行大力加息打击通货膨胀，全球商品消费放缓，运价全线大跌。参考世界货柜运价指数（WCI），先前涨幅最猛美国最新12月CPI中，二手车价格年增长率已先翻负至-8.83%。2023年，商品通货膨胀已不再是重点，房租通货膨胀预估也将随着房市快速降温，所以市场开始从通胀聚焦转型到加息停止的转向，美元指数走跌，非美货币走强，股市得以反弹，欧洲通胀也表现出可控的局面，再加上去年China调整相应zhengchen。这几个事件就是最近上涨的主线逻辑。投资者如果要跟进接下来的市场表现，就要积极关注以下几个重点1，通胀数据美国12月CPI核心CPI6.5%、5.7%，符合预期。细分项目中，能源、商品同比贡献继续回落，食品维持韧性但可控，服务业CPI是通胀主要支撑。商品：结合近期制造业 PMI数据、二手车价格指数，预计商品通胀进一步回落；房租：由于美国房价指引房租通胀，房屋销售连跌6个月的情况下房租通胀后续走势不确定性有限，预计年内见顶；唯一就是服务性通胀问题，也就是薪资通胀螺旋能否如期缓解，相信最近大家也频繁关注到微软，亚马逊等头部公司的裁员信息，高薪工作的减少和劳动力市场降温，那么势必对通胀有一定的压力。

欧元区12月通胀继续回落，降幅超预期，核心通胀表明潜在压力仍存。12月调 和CPI同比+9.2%，环比-0.3%，核心调和CPI同比+5.2%，环比+0.2%。 细分项中，食品（初值13.8%前值13.6%）和能源仍是主要贡献项，但12月由于能源价格增速放缓（初值25.7% 前值34.9%）带动通胀的放缓。欧洲央行表示要继续加息以应对潜在的通胀压力，预计欧洲央行有意在2月、3月继续加息50bp。如果通胀见顶，那市场也有理由猜想美元加息接近尾声，非美货币和比特币的上涨也就容易理解。2，PMI数据美国12月ISM制造业PMI继续收缩至48.4（预期48.5，前值49），再创新低。12月日本，德国，法国分别录得46.4，47.1，49.2。如下图所示，近期数据表明主要经济体的PMI均跌落到枯荣线以下，加息带动的需求减弱也体现在生产的上游环节，企业的开支信心回落。加息以及相应的货币政策产生了对终端需求的影响；要注意需求的走弱和不确定性也会给企业带来新的挑战。需求放缓幅度是会引发全球出现结构性衰退呢？近期市场乐观情绪高，认为仅仅是温和衰退，而结果还要等待分晓。

3，美，日，欧央行的政策全球资金的流动性，这三大央行有决定性的影响。美、欧、日 M2 货币供给量年增率已经连续8个月衰退，美国 M2货币供给增速甚至创下历史新低的增速，显示资金依旧紧张。2023美联储和欧洲央行当前分别预计加息25bp和50bp，欧洲央行将在今年 3 月开启缩表，日本央行则是在去年底震撼的上调利率曲线控制区间，针对三大央行动向关注重点，美欧目标利率是否还会提升？是否对缩表路径作出调整？日本央行行长黑田东彦4 月卸任后的后续政策方向如何？是决定市场能走多远的关键，目前来看，薪资螺旋通胀问题是当前缓解的最后重点，如今美国各大企业纷纷裁员，就业必然放缓，有理由相信美国服务业CPI伴随就业市场降温而开始放缓，这么看央行的政策应该不会有大动作，只要以上三大央行不出现意外市场就会开始预期三大央行M2货币供给量的止稳向上。总结目前外部宏观环境就是，欧美的通胀放缓，美联储加息放缓确认，欧美通胀预期相对乐观，再加上全球疫情的好转，带动近期大涨的行情。需求走弱下会不会出现结构性衰退？以及三大央行对后续的政策动向，就是今年市场要重点关注的。今年整个的经济和政策环境也很复杂，有什么实际操作的办法应对呢？动态投资策略：需要一段时间调整投资策略，重新审视自己的投资目标，并关注新的机会。学习更多知识：多学习投资的知识，匹配更灵活的投资工具。控制风险：市场的波动加大，多样化投资组合，并寻找最佳的投资机会。寻求专业建议：可以寻求专业建议，了解市场行业动态和其他投资策略。耐心等待：需要耐心等待市场的反弹，不要过于贪心，不要轻易放弃。免责声明：GO Markets分析师或外部发言人提供的信息基于其独立分析或个人经验。所表达的观点或交易风格仅代表其个人；并不代表GO Markets的观点或立场。联系方式：墨尔本 03 8658 0603悉尼 02 9188 0418中国地区(中文） 400 120 8537中国地区(英文） +248 4 671 903作者：Austin Cheng | GO Markets 悉尼分部总经理

Ethereum and its big brother Bitcoin, have seen one of their most momentous moves since their peaks in November 2021. Various sector wide catalysts worked to move the price down including the collapse of Celsius and FTX which caused shockwaves to the cryptocurrency community. Inflationary pressures also left growth assets reeling in losses, leaving Ethereum beaten down over the last 12 months.

However, there are some signs that it might be starting to turn. From a broader economic perspective there is hope that the Federal Reserve will pivot from its aggressive rate hiking policy to avoid a potential recession which has led to a recent revival of growth assets including cryptocurrency. From a technical perspective the weekly price chart shows a clear head and shoulders pattern that has played out.

The question is whether sell down has finished or if there is further misery to come. The price has seen its range become tighter as it has struggled to break below the key support at $1050. This area also acts as the 200-week moving average adding to its supply.

The volume and volatility have also been reducing as the price has approached this level. The RSI is showing an interesting signal. The RSI has begun trending up which is diverging with the actual price action.

This may indicate that the price is ready to move to the upside in the short term. The 50-week moving average is plateauing indicating that the price is facing some strong support. On the daily chart, the price looks to be coiling with both the 50 day and 200 day moving averages trending up for the first time since before the price peaked in 2021.

Furthermore, it is possible that the 50-day moving average will cross through the 200-day moving average which is very bullish move. The price has also broken above both daily moving averages and may be looking to test the next resistance at $2030. This is also roughly the same price of the neckline of the underlying head and shoulders pattern.

Therefore, a target of $2030 is a reasonable for a short-term long trade/ Ultimately, the price of Ethereum looks like it may be ready to reverse however, it is still at the mercy of the broader Cryptocurrency sector news and macroeconomic catalysts.