Technical Analysis – 18 January 2024

DraftKings, Inc. (DKNG US)

TripAdvisor, Inc. (TRIP US)

Shares closed higher above the 20dEMA with constructive volume. 50dEMA recently crossed the 200dEMA.
MACD is about to turn positive, RSI is turning constructive.
Long – Entry 19.7, Target 21.7, Stop 18.7

Great Eastern Holdings Ltd. (GE SP)

Shares closed higher above the 5dEMA. 5dEMA just crossed the 200dEMA, 20dEMA is about to cross the 50dEMA.
MACD is positive, RSI is at an “overbought” level.
Long – Entry 18.3, Target 18.9, Stop 18.0

A-sonic Aerospace Ltd. (ASON SP)

CSOP Hang Seng Index Daily (-2x) Invrs Product. (7500 HK)

CSOP Hang Seng TECH Index Daily (-2x) Inverse Product (7552 HK)

Shares closed higher above the 5dEMA with a surge in volume. 20dEMA recently crossed the 200dEMA. 50dEMA is about to cross the 200dEMA.
MACD is positive, RSI is at an “overbought” level.
Long – Entry 9.10, Target 9.90, Stop 8.70

Goldman Sachs Group, Inc. (GS)

Comment: The company reported a strong set of results with better-than-expected asset and wealth management revenue. The company’s asset and wealth management division is benefiting from the rise in private credit and other alternative assets. The company also saw stronger-than-expected results in equities which offset a lower-than-expected result in fixed income. While the company’s core activities of investment banking and trading did not rebound strongly in 4Q23, there are early signs that corporations that have waited on the sidelines to acquire competitors or raise funds may finally be ready to act this year. Management also remains optimistic about an improvement in mergers and capital markets activity in 1H24. With interest rates expected to fall in 2024, we can expect to see an uptick in M&A activities in 2024. 1Q24 recommended trading range: $360 to $420. Positive Outlook.

高盛 (GS)

23财年第四季营收：113.2亿美元, 同比增幅6.9%，超预期3.6亿美元
23财年第四季GAAP每股盈利：5.48美元，超预期1.55美元
24财年指引：不提供指引。
短评：该公司公布了一系列强劲的业绩，资产和财富管理收入好于预期。该公司的资产和财富管理部门正受益于私人信贷和其它另类资产的增长。该公司的股票业绩也强于预期，抵消了固定收益业绩低于预期的影响。尽管该公司投资银行和交易等核心业务在23年第四季度没有强劲反弹，但有初步迹象表明，一直在观望收购竞争对手或融资的公司可能终于准备在今年采取行动。管理层还对2009年下半年并购和资本市场活动的改善持乐观态度。随着利率预计在2024年下降，我们可以预期2024年的并购活动会有所增加。24财年第一季度建议交易区间：360美至420美元。积极前景。

Morgan Stanley (MS)

4Q23 Revenue: $12.9B, +1.2% YoY, beat estimates by $80M
4Q23 GAAP EPS: $0.85, miss estimates by $0.18
FY24 Guidance: No guidance provided.
4Q23 Dividend: $0.85/share quarterly dividend, in line with previous. Payable Feb. 15; for shareholders of record Jan. 31; ex-div Jan. 30.
Comment: Morgan Stanley’s revenue surpassed market expectations on an increased in debt underwriting revenue which fuelled a rebound in investment banking and amid higher investment-grade issuances. However, net profit took a hit by 2 one-time regulatory charge amounting to US$535mn. Management remains constructive for 2024, citing growing pipelines for deals and share offerings, improving boardroom confidence and a more positive tone from retail and institutional clients, but also highlights possible geopolitical risk such as the intensification of geopolitical conflicts and the state of the US economy. 1Q24 recommended trading range: $75 to $95. Neutral Outlook.

摩根斯坦利 (MS)

23财年第四季营收：129亿美元, 同比增幅1.2%，超预期8,000万美元
23财年第四季GAAP每股盈利：0.85美元，超预期0.18美元
24财年指引：不提供指引。
23年第四季度股息：每股0.85美元的季度股息，与之前一致。2月15日付息日；1月31日股东登记日；1月30日除息日。
短评：摩根士丹利的收入超出市场预期，原因是债券承销收入增加，这推动了投行业务的反弹，同时投资级债券发行量增加。然而，净利润受到两项一次性监管费用的影响，共计5.35亿美元。管理层对2024年仍持乐观态度，理由是交易和股票发行渠道不断增加，董事会信心增强，零售和机构客户的态度更为积极，但也强调了地缘政治冲突加剧和美国经济状况等可能存在的地缘政治风险。。24财年第一季度建议交易区间：75美至95美元。中性前景。

Interactive Brokers LLC. (IBKR)

4Q23 Revenue: $1.14B, +16.8% YoY, in-line with estimates.
4Q23 Non-GAAP EPS: $1.52, miss estimates by $0.03
1Q24 Guidance: No guidance provided.
4Q23 Dividend: $0.10/share quarterly dividend, in line with previous. Payable March 14; for shareholders of record March 1; ex-div Feb. 29.
Comment: The company’s commission revenue rose by 5%. Customer trading volume remains mixed, with options and future contract volumes up 4% and 21% respectively, while equity share volume dropped by 22%. The company also saw higher net interest income on higher benchmark interest rates, customer margin loans, and customer credit balances. With interest rates expected to drop in 2024, we can expect to see an uptick in trading volume through the broker as consumers shift their funds from fixed income to equities, driving the key revenue source for IBKR. 1Q24 recommended trading range: $83 to $94. Positive Outlook.

盈透证券 (IBKR)

23财年第四季营收：11.4亿美元, 同比增幅16.8%，符合预期
23财年第四季Non-GAAP每股盈利：1.52美元，逊预期0.03美元
24财年第一季指引：不提供指引。
23年第四季度股息：每股0.10美元的季度股息，与之前一致。3月14日付息日；期3月1日股东登记日；2月29日除息日。
短评：公司的佣金收入增长了5%。客户交易量仍然喜忧参半，期权和期货合约交易量分别增长了4%和21%，而股票交易量下降了22%。该公司还看到了更高的基准利率，客户保证金贷款和客户信贷余额的净利息收入。随着利率预计在2024年下降，我们可以预期，随着消费者将资金从固定收益转向股票，经纪商的交易量将会上升，这将推动公司的主要收入来源。24财年第一季度建议交易区间：83美至94美元。积极前景。