HK->Shanghai Connect daily quota used -0.7%, Shanghai->HK daily quota used 1.8%. June 22 - Hong Kong stocks closed lower on Tuesday, as weakness in tech stocks offset a jump in energy firms, ahead of highly-anticipated testimony from U.S. Federal Reserve Chair Jerome Powell.At the close of trade, the Hang Seng index was down 179.24 points, or 0.63%, at 28,309.76. The Hang Seng China Enterprises index fell 0.74% to 10,469.8.The sub-index of the Hang Seng tracking energy shares rose 2.7%, while t
Apple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.I initiate Apple with a Neutral rating and a fair value of $111.42/share .In the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger
Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week
A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r