市场资讯及洞察

FX markets enter the new year with a continuing backdrop of a weaker USD as traders bet on a Fed pivot in the first half of the year. That narrative could be tested later in the week with some key US manufacturing and employment data, including the monthly Non-farm payrolls. Key levels look to be tested this week in different FX pairs with AUDUSD and Gold both being interesting examples.

AUDUSD – Gone too far, too fast? AUSUSD has had a stellar run since late October, benefitting from the risk-on environment and following equity markets higher. A weaker USD and falling US yields as traders’ position for a Fed pivot also being a strong tailwind.

AUDUSD is now sitting in the 2023 “resistance zone” where upward momentum has faltered previously. Also of note is an extreme overbought signal from the daily RSI and a growing gap between the AUDUSD price and the AU 10-year - US 10-year yield differential. Combined, these three factors could see AUDUSD upside capped for now, this week’s Non-Farm payroll will be the main figure to watch, a strong report could see traders pare back somewhat on their Fed pivot bets, pushing this pair lower.

XAUUSD – Gold XAUUSD broke the resistance level at 2070 USD an ounce, but the bulls were unable to establish it as support and the gold price quickly retraced back below. Currently XAUSD is again flirting with this key level, where the bulls and the bears have been fighting it out. 2070 remains the level to watch this week, with US data that could certainly move yields and the USD, another push through and a hold as support could see gold make another attempt at all-time highs, a hold as resistance and the gold bull run could be over for now.

American company that specializes in the manufacturing and sale of workwear and uniforms, Cintas Corporation (NASDAQ: CTAS), announced the latest financial results before the opening bell in Wall Street on Thursday. Cintas reported revenue of $2.377 billion for the second quarter of fiscal 2024 vs. $2.341 billion expected. Revenue was up by 9.3% year-over-year.

Earnings per share (EPS) reached $3.61 per share, also topping analyst estimate of $3.489 per share. EPS was up by 15.7% vs. the same period last year. Company overview Founded: 1929 Headquarters: Mason, Ohio, United States Number of employees: 44,500 (2023) Industry: Service Key people: Todd Schneider (CEO), Scott D.

Farmer (Executive Chairman), Mike Thompson (Executive Vice President and CAO) CEO commentary "We are pleased with our second quarter fiscal 2024 financial results. Each of our operating segments continue to execute at a high level, leading to robust revenue growth of 9.3%, high operating margin of 21.0% and diluted EPS growth of 15.7%. This strong execution is the result of the exceptional dedication of our employee-partners.

Whether it's image, safety, cleanliness or compliance, we have innovative products and services to help businesses across North America stay focused on the work that matters most," CEO of Cintas, Todd Schneider, said in a letter to shareholders. Schneider also announced that the company is raising its financial guidance for the full fiscal year: "We are increasing our full fiscal year financial guidance. We are raising our annual revenue expectations from a range of $9.40 billion to $9.52 billion to a range of $9.48 billion to $9.56 billion and our diluted EPS from a range of $14.00 to $14.45 to a range of $14.35 to $14.65." Stock reaction The latest results had a very positive impact on the stock price on Thursday.

Shares were up by over 4%, trading at $580.77 a share – the highest ever level. Stock performance 1 month: +5.48% 3 months: +16.02% Year-to-date: +29.58% 1 year: +29.33% Cintas stock price targets Deutsche Bank: $590 Truist Financial: $625 Citigroup: $530 Robert W. Baird: $540 Bank of America: $565 Stifel Nicolaus: $526 Royal Bank of Canada: $525 Barclays: $550 Wells Fargo: $500 UBS Group: $575 JP Morgan: $540 Morgan Stanley: $441 Cintas Corporation is the 288th largest company in the world with a market cap of $59.75 billion.

You can trade Cintas Corporation and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.

Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Cintas Corporation, TradingView, MarketWatch, Benzinga, CompaniesMarketCap

British-American cruise line company, Carnival Corporation (NYSE: CCL), reported fourth quarter and full year 2023 earnings results on Wednesday. Carnival reported revenue of $5.397 billion Q4 (a new quarterly record) vs. $5.295 billion expected. The company reported loss per share of -$0.07, which was less than -$0.126 loss per share expected.

Full year revenue reached $21.6 billion – a new all-time record high. Company overview Founded: 1972 (as Carnival Cruise Line, now a subsidiary), 1993 (as Carnival Corporation), 2003 (as Carnival Corporation & plc) Headquarters: Miami, Florida, United States (Operations: Doral, Florida) and Southampton, United Kingdom Number of employees: 150,000 (2022) Industry: Hospitality, tourism Key people: Josh Weinstein (CEO) CEO commentary "We ended the year on a high note with another record-breaking quarter that exceeded expectations and achieved positive full year adjusted net income. In fact, we consistently outperformed in all four quarters of the year, buoyed by a strengthening demand environment across all our brands," Josh Weinstein, CEO of the company commented on the solid results in a press release. "Thanks to a strong second half of 2023, we are already tracking ahead of our plan to achieve SEA Change, our three-year financial targets calling for the highest adjusted ROIC and adjusted EBITDA per ALBD in nearly two decades.

Based on our 2024 guidance, we expect to deliver another big step forward, positioning us more than halfway toward realizing all our 2026 SEA Change targets. With nearly two-thirds of 2024 on the books already, we are well positioned to obtain another year of record revenues and adjusted EBITDA," Weinstein added. Stock reaction The stock rose by over 5% on Thursday, reaching its highest level since 10/7/23 at $19.09 a share.

Stock performance 1 month: +32% 3 months: +32.18% Year-to-date: +136.97% 1 year: +142.39% Carnival stock price targets Citigroup: $23 Truist Financial: $15 UBS Group: $20 Morgan Stanley: $11 Barclays: $21 Argus: $21 JP Morgan: $18 Deutsche Bank: $15 Bank of America: $20 Wells Fargo: $9 Credit Suisse: $18 Carnival Corporation is the 743rd largest company in the world with a market cap of $25.02 billion. You can trade Carnival Corporation and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs.

Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours? Volatility never sleeps.

Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Carnival Corporation, TradingView, MarketWatch, Benzinga, CompaniesMarketCap

Irish-American professional services company, Accenture plc (NYSE: ACN), announced Q1 FY24 financial results before the opening bell in the US on Tuesday. The company reported revenue of $16.224 billion for the three months that ended on 30/11/23, which was narrowly above analyst estimate of $16.169 billion. Earnings per share (EPS) reached $3.27 per share vs. $3.144 per share expected.

Revenue and EPS for the quarter were up by 3% and 6.1% year-over-year, respectively. Company overview Founded: 1989 Headquarters: Dublin, Ireland Number of employees: 733,000 (2023) Industry: Professional services, information technology consulting Key people: Julie Sweet (Chair and CEO) CEO commentary 'I am pleased that we delivered on our commitments this quarter while strategically investing at scale for future growth. Our deep and trusted client relationships are again reflected in the 30 clients with quarterly bookings of more than $100 million.

And we continue to lead our industry in Gen AI – the great accelerator of reinvention – with over $450 million in new bookings. I am incredibly grateful to the 743,000 people of Accenture, who are steadfastly dedicated to helping our clients achieve their ambition to grow and thrive in the years ahead,' CEO of the Dublin based company, Julie Sweet, said in a letter to shareholders. Stock reaction The stock was pretty much flat on Tuesday after the latest results were announced.

Shares were down by 0.10%, trading at $341.52 a share. Stock performance 1 month: +3.33% 3 months: +7.54% Year-to-date: +27.88% 1 year: +30.30% Accenture stock price targets Wedbush: $360 Redburn Atlantic: $410 UBS Group: $333 Robert W. Baird: $322 TD Cowen: $300 Piper Sandler: $300 BMO Capital Markets: $350 Royal Bank of Canada: $340 Citigroup: $358 Morgan Stanley: $356 Barclays: $390 JP Morgan: $341 Accenture plc is the 47th largest company in the world with a market cap of $213.99 billion.

You can trade Accenture plc (NYSE: ACN) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.

Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Accenture plc, TradingView, MarketWatch, Benzinga, CompaniesMarketCap

热门话题新年首次GO Markets独家大师堂于周四圆满落幕，本次知名分析师Evan Lucas为大家带来2024年投资方向，干货满满。GO Markets独家大师堂每月一次，如您需要欢迎点击链接：https://youtube.com/playlist?list=PLi2G0BhhEhaAMyon28ze5t83WbWyLHgWD&feature=shared大师堂回顾之澳股回顾2023年澳股表现来看，10个板块上涨，3个板块下跌。在去年一年澳联储的13次加息之下，澳股的表现是令人较为意外的，尤其比如可选消费板块，在大家的认知中经济放缓可选消费往往表现不佳。但是无论是从零售数据来看还是可选消费板块的增长，可选消费是2023年的惊喜之处。可选消费当中，主要是有表现突出的个股JB HIFI（增长30%） 与 CAR Group（增长50%） 来推动的。

2024年来看，可选消费可能会受到经济的影响有所回调。从目前消费者信心相关数据来看，我们正处于历史的信心低位，可选消费的龙头股也将在三周后陆续迎来财报季，这是投资者可以关注并寻找后续投资线索的机会。而可选消费的反面则是2023年表现较差的必选消费，主要包括食品、酒精、饮料，代表个股为Coles、Woolworths以及Endeavour Group。进一步看，由于过去一年处于高通胀环境，而食品是通胀主要推手，食品概念类股票的表现要优于酒类。2024年，必选消费需要关注的是，Coles、Woolworths将会面临监管风险。而Endeavour Group的问题则是其内部公司治理，目前其董事会内部有争议。如果相关个股的风险能够解除，2024年将有不错的表现。

大师堂回顾之黄金黄金现货价格始终高于实体黄金价格，表明黄金现货除实物属性外，受今年以来的地缘冲突影响，对经济衰退担忧等因素，避险属性凸显。

此外，各国央行正以一个前所未有的储量购入并囤积黄金。在2024年，我们认为黄金可能持续引来上涨。近期黄金在阻力水平盘旋，但金价处于历史高点，且在50、100、200日均线之上。短期内可以把握区间波动，长期我们认为黄金将是您今年在GO Markets不可错过的产品。此外，本次大师堂还聊到了原油、能源股、澳洲经济基本面等多个话题，如果您想要更为详尽的了解，欢迎联系GO Markets为您提供大师堂回放。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：Cecilia Chen | GO Markets 助理分析师

热门话题近日，半导体行业巨头英伟达（Nvidia）和超威半导体（AMD）的股票价格显著上涨，再度引起了市场的广泛关注。虽然这两家公司股价的上涨已经屡见不鲜，但是热度只增不减。这一现象的背后，是投资者对人工智能（AI）驱动芯片需求和AI本身前景持极强的乐观态度。华尔街的分析师们纷纷上调了对这两家公司的价格目标，进一步推动了股价的上升。

英伟达，作为高级AI芯片市场的主导者，从去年开始就在这个领域占据着显著的市场份额。然而，AMD也正迅速崛起，预计今年将通过向企业客户增加芯片的交付量来获得更大的市场份额。据巴克莱的分析师团队所述，由于供应链的限制，许多客户转而使用整个Nvidia平台，以优先获取加速器的发货。2024年，这个行业预计将迎来更多的竞争和多样性，随着像AMD这样的其他芯片制造商将可能开始分割市场份额。随着消息传来，股市反应迅速而明显。英伟达的股价上涨了3%，达到了563.65美元的新高，而AMD的股价更是飙升了7.5%，达到了157.57美元，这是两年多来的最高水平。主要得益于投资者们对于AMD新的AI芯片MI300X 有着极高的期待。在2023年，英伟达的股票价值增长了三倍，成为全球最有价值，最顶尖的的芯片制造商，而AMD的股票也实现了显著的翻番增长。

（Source：Trading view）在这种股市热潮中，巴克莱的分析师汤姆·奥马利对AMD的看好态度尤为显著。他将AMD的价格目标从120美元大幅上调至200美元，预计AMD今年在AI芯片销售上将实现40亿美元的业绩。奥马利特别强调了对AMD最高端服务器机器学习芯片MI300的强劲需求。与此同时，KeyBanc的分析师们也调高了对AMD和Nvidia的价格目标，分别上调至195美元和740美元。这一调整反映了现在各大公司对AI服务器强劲需求和对于未来潜力充满信心。截至周二，AMD的股票收盘价为158.74美元，仅比其历史最高点低约2%。英伟达则以其在AI芯片市场的主导地位和去年在标普500指数中的最佳表现股票身份，股价上涨了3%，达到了563.82美元。在2023年底，AMD宣布了新的AI服务器芯片，旨在与英伟达的H100和A100 GPU竞争，这些产品被OpenAI用于训练和服务其诸如ChatGPT之类的模型。AMD和英伟达作为两大主要的图形处理单元（GPU）生产商，其产品最初是为高级电脑游戏设计的。然而，随着时间的发展，这些GPU现在对于训练和运行AI模型变得至关重要。英伟达早在10多年前就为其AI芯片开始布局，相应的过去两年，随着AI应用逐渐吸引投资者的注意力，英伟达就成为了主要的受益者。毒辣的眼光，长远的布局加上不断创新的模式，让英伟达越来越有价值。风险资本家吉姆·布雷耶在接受CNBC采访时指出，英伟达围绕其芯片构建的软件层极具吸引力，许多他所投资的公司都也对此需求强烈。布雷耶同时也强调了对英伟达和AMD股票非常看好。在分析师们眼中，AMD现在正专注于改进其AI软件，为了可以在云服务和AI芯片提供端占据一席之地。奥马利也在其报告中写道，虽然不低估Nvidia的领先地位，但他认为市场对于第二提供商的期待和需求将促使软件生态系统适应和发展，从而有利于AMD的崛起。此外，AMD和Nvidia在推动AI技术发展方面的努力也在不断加强。AMD在2023年底宣布的新AI数据中心芯片，目标是挑战英伟达的旗舰微处理器。这一举措表明，AMD正迅速追赶并可能在未来几年内与英伟达在这一市场上展开更加激烈的竞争。值得注意的是，这两家公司的成功并非偶然。它们的成长和发展反映了科技领域日新月异，以及企业应该通过创新和适应新兴市场需求来保持竞争力。随着AI技术的日益普及和成熟，AMD和Nvidia在这一领域的角色和影响力预计将进一步加强。总之，AMD和Nvidia的股价上涨不仅是金融市场动态的一个标志，也是科技发展和创新趋势的一个明确信号。随着AI技术的不断进步，这两家公司可能会在未来几年内继续保持其在全球半导体行业中的领导地位。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：Neo Yuan | GO Markets 助理分析师