To The Moon

Last Week's Recap

1. U.S. Market Summary: Stocks Snap 5-Week Slide as Oil Surges to $112

• Relief rally: Major U.S. indexes gained 3–4% last week, snapping a five-week losing streak.

• Resurgent oil: U.S. crude climbed to ~$112/barrel Friday—highest since mid-2022—amid escalating Strait of Hormuz tensions.

• Golden rebound: $Gold - main 2606(GCmain)$ recovered March losses, rising nearly 4% to trade around $4,700 on last friday.

• Yields reverse course: Treasury yields slipped after four weeks of gains that pushed 10-year rates to eight-month highs.

• March decline: $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ fell ~5% in March for back-to-back monthly losses; $Dow Jones(.DJI)$ dropped over 5%.

• Q1 earnings preview: S&P 500 companies expected to post double-digit earnings growth for the sixth straight quarter; reporting begins mid-April.

2. The US Sectors & Stocks-Tech and EV Stocks Lead Market Rally Amid Mixed Sector Performance

Sectors: The $S&P 500(.SPX)$ index rose 3.36%, driven by gains in technology and semiconductor sectors. The $NASDAQ(.IXIC)$ also saw a significant increase of 4.44%, while the $Dow Jones(.DJI)$ climbed 2.96%. Energy stocks faced pressure due to fluctuating oil prices, with Exxon Mobil and Chevron experiencing declines.

• $Taiwan Semiconductor Manufacturing(TSM)$ +3.76% on strong earnings outlook and robust demand for advanced chips.

• $Tesla Motors(TSLA)$ -0.34% after missing Q1 delivery expectations; reassessing growth strategy amid competition and geopolitical headwinds.

• $PMGC Holdings(ELAB)$ -242.51% before stabilizing, though FDA approval of weight-loss drug Foundayo boosted market confidence.

• $APPLIED DIGITAL CORP(APLD)$ +3.37% on positive market sentiment and expansion plans.

• $NIO Inc.(NIO)$ +18.64% after delivering 35,486 vehicles in March, underscoring its expanding market presence.

• $ServiceNow(NOW)$ +2.61% as analysts adjusted price targets amid cautious sentiment on future performance.

• $Nike(NKE)$ -13.98% after warning of expected sales declines despite beating fiscal Q3 earnings.

• $XPeng Inc.(XPEV)$ +4.55% after reporting strong March deliveries (up 80% MoM) and announcing entry into the Mexican market.

• $Li Auto(LI)$ +5.78% after reporting strong March delivery numbers.

3. Hong Kong Market - HSI gains 0.66% amid mixed market sentiment

$HSI(HSI)$ :The Hang Seng Index (HSI) rose 0.66% and closed at 25,116.53, driven by optimism in the technology and biomedicine sectors, despite geopolitical tensions and fluctuating oil prices impacting market sentiment. $HSTECH(HSTECH)$ : -2.07% and closed 4679.1.

• $ICBC(01398)$+5.14% – Benefited from rotation into high-dividend banking plays during the relief rally; supportive policy expectations for state-owned lenders.

• $HSBC HOLDINGS(00005)$ +4.17% – Gained on improved risk appetite toward global banks and resilient Asia-Pacific earnings outlook.

• $CCB(00939)$ +4.45% – Tracked sector-wide strength in Chinese banks as investors favored value stocks and yield plays.

• $ABC(01288)$ +5.58% – Outperformed on robust dividend yield appeal and defensive positioning amid market volatility.

• $ZIJIN MINING(02899)$ +4.07% – Rose in tandem with gold’s rebound to ~$4,700/oz; safe-haven demand supported the miner.

• $NONGFU SPRING(09633)$ +6.4% – Defensive consumer staple demand and strong channel sales data buoyed the beverage giant.

• $J&T EXPRESS-W(01519)$ +10.7% after FY2025 adjusted net profit surged 112.3% on strong Southeast Asia traction.

• $NIO-SW(09866)$ +8.9% as deliveries jumped 136% YoY on robust EV demand.

• $GEELY AUTO(00175)$ +13.9% after record Q1 sales, buoyed by new energy vehicle growth.

• $UBTECH ROBOTICS(09880)$ +12.2% on sharp humanoid robot revenue gains and improved profitability.

4. Singapore Market - STI gains 1.01% amid positive market sentiment

The $Straits Times Index(STI.SI)$ rose by 1.01% and closed at 4947.5. The market was buoyed by positive investor sentiment and significant contract wins by key companies.

• $Bank of CN HK SDR 1to1(HBND.SI)$ +3.75% on rotation into high-dividend state-owned banks as U.S. Treasury yields retreated during the relief rally

• $GLD US$(O87.SI)$ +4.3% tracking gold’s rebound to ~$4,700/oz on safe-haven demand

• $OCBC Bank(O39.SI)$ +3.76% lifted by improved risk appetite toward Singapore banks and firm dividend appeal

• $NIO Inc. USD OV(NIO.SI)$ +6.84% on robust March delivery numbers and expanding EV market presence

• $Gulf Dev TH SDR 1to1(TGUD.SI)$ +4.4% on positive sentiment toward Thai utilities amid broad risk-on conditions

• $TALON ENERGY LTD(TPDDF)$ +4.9% on participation in the broad regional relief rally

• $Sembcorp Ind(U96.SI)$ +3.85% on defensive utility positioning and renewable energy transition themes

• $Top Glove(BVA.SI)$ +35.84% on volatile sector rotation and company-specific catalysts beyond market beta

• $China Aviation(G92.SI)$ +2.42% tracking aviation fuel demand recovery and oil price strength

5. Australian Market - ASX 200 edges higher as aluminum shock sends AAI.AU soaring

$S&P/ASX 200(XJO.AU)$ : +0.74% and closed at 8579.5 as early weakness gave way to a mid-week rally driven by resources and defensives, before mild profit-taking into the close.

Geopolitical tensions in the Middle East jolted the aluminum complex after Iranian attacks on major regional smelters, triggering global supply fears and a sharp move higher in London Metal Exchange aluminum prices of up to 6%.

• $Alcoa Corp(AAI.AU)$ +18.37% on expectations of tighter aluminum supply and stronger pricing power as geopolitical risk repriced commodity producers

• $Rio Tinto Ltd(RIO.AU)$ +5.48% on leveraged exposure to the gold rebound toward $4,700/oz and firm iron ore prices amid the commodity-intensive relief rally

• $COLES GROUP LTD(COL.AU)$ +3.01% on defensive rotation into consumer staples and supermarket resilience as investors balanced recovery hopes with March decline caution

• $SOUTH32 LTD(S32.AU)$ +9.68% on outperformance in diversified mining (aluminum, manganese, metallurgical coal) capturing commodity momentum and risk-on sentiment from the relief rally

• $CSL LIMITED(CSL.AU)$ -2.98% on profit-taking from prior defensive highs and sector rotation away from healthcare/biotech toward cyclical recovery plays during the broad market bounce

• $SANTOS LIMITED(STO.AU)$ +1.64% on modest gains tracking the oil surge to $112/barrel, though capped by production cost concerns or operational headwinds limiting full participation in energy upside

• $SUNCORP GROUP LTD(SUN.AU)$ -3.78% on pressure from diversified financial risks and potential weather-related insurance claims outweighing the banking sector relief rally; investors favored pure-play lenders

The Week Ahead

1. Macro Factors -Key Economic Data

• ISM Services PMI (Mar) – Monday: Track service sector momentum and price pressures as markets assess post-winter economic resilience.

• Durable Goods Orders (Feb) – Tuesday: Watch business investment trends and manufacturing health; volatile transportation component could sway headline figures.

• FOMC Meeting Minutes – Wednesday: Mid-March policy details scrutinized for Fed officials' inflation outlook and rate trajectory signals.

• Early Q1 Earnings – Wednesday: Applied Digital (AI infrastructure demand), Constellation Brands (consumer staples resilience), and Delta Air Lines (travel spending/traffic trends) kick off the reporting season.

• Core PCE Price Index (Feb) – Thursday: Fed’s preferred inflation gauge takes center stage; any stickiness could reshape 2026 rate-cut expectations.

• Q4 GDP Final Estimate – Thursday: Last look at 2025 year-end growth; significant revisions could shift broader economic narrative.

• CPI Inflation (Mar) – Friday: March consumer price data caps a heavy macro week; critical input for Treasury yield direction and Fed policy bets.

2. Earnings Spotlight: LEVI, DAL, STZ,APLD,BB

• $Levi Strauss & Co(LEVI)$ – Tuesday After-hours: Watch for denim demand trends and margin resilience amid consumer spending shifts; guidance will signal whether the apparel recovery is sustaining.

• $Delta Air Lines(DAL)$ – Wednesday Pre-market: Key bellwether for travel spending and corporate demand; fuel cost headwinds (oil at $112) and fare pricing power will drive guidance outlook.

• $Constellation(STZ)$ – Wednesday After-hours: Beer portfolio (Modelo/Corona) momentum and wine & spirits normalization; any update on Canopy Growth cannabis investment monetization.

• $APPLIED DIGITAL CORP(APLD)$ – Wednesday After-hours: AI infrastructure buildout progress and data center utilization rates; follow-through on recent expansion plans and HPC (high-performance computing) contract wins.

• $BlackBerry(BB)$ – Thursday Pre-market: Cybersecurity segment growth and IoT/auto software traction; cash burn and patent licensing monetization timeline remain critical for sentiment.

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