Daily US Stock Market News Briefing (January 21, Tuesday)

USHK News
2025.01.21 13:38

Important News

  1. U.S. President Trump signed an executive order on the 20th local time, requiring the short video social media platform TikTok to "sell or be banned," with the law not to be enforced for the next 75 days.

  2. On his first day in office, U.S. President Trump revoked the "mandate" for American electric vehicles. Biden had previously requested automakers to reduce greenhouse gas emissions from new light and medium-duty vehicles by half starting in 2027.

Individual Stock News

  1. NOVARTIS AG (NVS.N) CEO: The new health policy from the Trump administration may be beneficial for pharmaceutical companies, and the market's concerns about vaccines, broad medical policies, and public health funding are "overstated."

  2. TSMC (TSM.N) CFO Jensen Huang stated that they received $1.5 billion in subsidies from the U.S. government in the fourth quarter of last year and are confident that the Trump administration will continue to fund TSMC's investment plans in the U.S.

  3. UMC (UMC.N): Q4 revenue was $1.84 billion, a year-on-year increase of 9.9%, which was $10 million lower than market expectations; net profit was $259 million, a year-on-year decrease of 35.6%; diluted earnings per ADS were $0.10, below the market expectation of $0.15.

  4. New Oriental EDU & Tech (EDU.N): For the second quarter of fiscal year 2025, net revenue was approximately $1.039 billion, a year-on-year increase of 19.4%; net profit attributable to the company was $31.931 million, a year-on-year increase of 6.2%.

  5. Hesai Technology (HSAI.N): Has secured mass production points for several new models under Chery Automobile, with plans to start mass production in the second half of 2025, featuring Hesai's latest generation of compact ultra-high-definition long-range lidar ATX.

  6. Loop Capital lowered its target price for Apple (AAPL.O) from $275 to $230.

  7. According to reports, hearings for the lawsuit filed by Nippon Steel and US Steel (X.N) against the Biden administration are scheduled to take place between February and March.

  8. Ford Motor Company (F.N) is facing an investigation by the U.S. National Highway Traffic Safety Administration (NHTSA) regarding a collision involving its BlueCruise "hands-free" driving technology

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