US stock signals

Initial Jobless Claims for May/11 in United States is 222K, lower than the previous value of 232K. The forecast was 220K.AAStocks Financial News

The US House of Representatives Committee on Oversight and Accountability voted to send the Biosecure Act to the full House for a vote. The Bill must also be passed by the Senate and signed by the US President before it takes effect.

TENCENT (00700.HK)  +15.200 (+3.981%)    Short selling $2.84B; Ratio 12.187%   's 1Q24 results beat expectations, with revenue rising 6% YoY to RMB160 billion, in line with estimations, CCBI released a research report saying. Adjusted net profit grew 55% to RMB50.3 billion, beating market consensus by 17%.

Financial Times reported that Shein's listing plans are being undermined by tensions between China and the US, and the online fast fashion giant may turn towards a London listing in the coming months. Shein's executive chairman, Donald Tang, said progress has been made in changing the market's perception of Shein as being controlled by China, but it has not been enough to win support from American congress members.

Core Inflation Rate YoY for Apr in United States is 3.6%, lower than the previous value of 3.8%. The forecast was 3.6%.AAStocks Financial News

PPI YoY for Apr in United States is 2.2%, higher than the previous value of 1.8%. The forecast was 2.2%.AAStocks Financial News

XNGP urban smart driving technology became mapless, and its available mileage expanded to 2.23x/ 2.15x/ 2.18x/ 1.31x in Shanghai, Guangzhou, Shenzhen and Foshan respectively, according to XPENG-W (09868.HK)  +0.100 (+0.325%)    Short selling $104.54M; Ratio 16.074%   (XPEV.US)      's announcement.

BABA-SW (09988.HK)  +1.500 (+1.848%)    Short selling $634.39M; Ratio 9.795%   (BABA.US)      announced its results for 4FQ24 ended March this year and for the full-year FY24.

TME-SW(01698.HK)  +4.350 (+7.931%)    Short selling $437.89K; Ratio 1.868%   released its 1Q24 results ended March 2024. Net profit amounted to RMB1.422 billion, up 23.9% YoY. EPS was RMB0.46, and earnings per ADS was RMB0.92. Non-IFRS net profit increased by 20.8% YoY to RMB1.704 billion. TME-SW also declared a dividend of US$6.85 cents per share for 2023.

As the market waits for the release of the latest inflation data from the US this week to see if it matches the upwardly revised inflation expectations, DJIA fell on Monday, ending an eight-day streak of gains. DJIA closed 81 points or 0.2% lower at 39,431. S&P 500 closed decrementing 1 point or 0.02% at 5,221. Nasdaq closed 47 points higher at 16,388.