{"id":67180,"date":"2025-05-08T19:03:17","date_gmt":"2025-05-08T11:03:17","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=67180"},"modified":"2025-05-09T17:21:22","modified_gmt":"2025-05-09T09:21:22","slug":"technical-analysis-09-may-2025","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/","title":{"rendered":"Technical Analysis &#8211; 09 May 2025"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><a href=\"#us\">United States<\/a> |<a href=\"#sg\"> Singapore<\/a> |<a href=\"#hk\"> Hong Kong<\/a> |<a href=\"#ea\" title=\"\"> Earnings<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-49726-_5ifytjpamge8\"><\/a><img fetchpriority=\"high\" decoding=\"async\" title=\"us\" width=\"637\" height=\"135\" class=\"alignnone wp-image-49827\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/08\/word-image-136.png\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/08\/word-image-136.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/08\/word-image-136-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Samsara Inc. (IOT US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"2376\" height=\"1350\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-46.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-67302\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-46.png 2376w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-46-300x170.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-46-1024x582.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-46-768x436.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-46-1536x873.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-46-2048x1164.png 2048w\" sizes=\"(max-width: 2376px) 100vw, 2376px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA.<br>  <\/li>\n\n\n\n<li>MACD is positive, RSI is constructive.<br>  <\/li>\n\n\n\n<li><strong>Long \u2013 Entry 43, Target 48, Stop 40.5<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-22.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-67303\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-22.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-22-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Workday, Inc. (WDAY US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2376\" height=\"1350\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-47.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-67304\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-47.png 2376w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-47-300x170.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-47-1024x582.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-47-768x436.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-47-1536x873.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-47-2048x1164.png 2048w\" sizes=\"(max-width: 2376px) 100vw, 2376px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a high since March 2025. 5dEMA just crossed the 200dEMA.<br>  <\/li>\n\n\n\n<li>Both RSI and MACD are constructive.<br>  <\/li>\n\n\n\n<li><strong>Long \u2013 Entry 256, Target 276, Stop 246<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-4-1.png\" alt=\"\" class=\"wp-image-67305\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-4-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-4-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-67180-_q3z2pzaup3mw\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-5-1.png\" class=\"wp-image-67306\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-5-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-5-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Q&M Dental Group Ltd. (QNM SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2376\" height=\"1350\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-48.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-67307\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-48.png 2376w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-48-300x170.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-48-1024x582.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-48-768x436.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-48-1536x873.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-48-2048x1164.png 2048w\" sizes=\"(max-width: 2376px) 100vw, 2376px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a 52-week high with a surge in volume. 20dEMA recently crossed the 50dEMA.<br>  <\/li>\n\n\n\n<li>MACD is positive, RSI is at an overbought level.<br>  <\/li>\n\n\n\n<li><strong>Buy \u2013 Entry 0.315, Target 0.340, Stop 0.300<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-23.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-67308\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-23.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-23-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">NetLink NBN Trust. (NETLINK SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2376\" height=\"1350\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-49.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-67309\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-49.png 2376w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-49-300x170.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-49-1024x582.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-49-768x436.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-49-1536x873.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-49-2048x1164.png 2048w\" sizes=\"(max-width: 2376px) 100vw, 2376px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a high since September 2025 with constructive volume. <br>  <\/li>\n\n\n\n<li>MACD is positive, RSI is at an overbought level.<br>  <\/li>\n\n\n\n<li><strong>Buy \u2013 Entry 0.920 Target 0.960, Stop 0.900<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-9-1.png\" alt=\"\" class=\"wp-image-67310\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-9-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-9-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-67180-_ox2yqx6nkukc\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-10-1.png\" class=\"wp-image-67311\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-10-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-10-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Li Auto Inc (2015 HK) <\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1535\" height=\"849\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-50.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-67312\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-50.png 1535w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-50-300x166.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-50-1024x566.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-50-768x425.png 768w\" sizes=\"(max-width: 1535px) 100vw, 1535px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a one-month high above the 5dEMA with an increase in volume. <br>  <\/li>\n\n\n\n<li>Both RSI and MACD are constructive. <br>  <\/li>\n\n\n\n<li><strong>Long <\/strong>\u2013 <strong>Entry 104, Target 112, Stop 100<\/strong><br>    <br><br>    <br><br>    <figure><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"160\" class=\"wp-image-67313\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-11.jpeg\" alt=\"A line in a white background\n\nDescription automatically generated\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-11.jpeg 752w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-11-300x64.jpeg 300w\" sizes=\"(max-width: 752px) 100vw, 752px\" \/><\/figure><br>  <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Geely Automobile Holdings Ltd (175 HK) <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1535\" height=\"849\" class=\"wp-image-67314\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-51.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-51.png 1535w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-51-300x166.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-51-1024x566.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-51-768x425.png 768w\" sizes=\"(max-width: 1535px) 100vw, 1535px\" \/><\/figure><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a one-month high above the 5dMEA with a surge in volume. The 20dEMA crossed the 50dEMA.<br>  <\/li>\n\n\n\n<li>Both RSI and MACD are constructive.<br>  <\/li>\n\n\n\n<li><strong>Long \u2013 Entry 17.1, Target 18.5, Stop 16.4<\/strong><br>    <br><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-14-1.png\" alt=\"\" class=\"wp-image-67315\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-14-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-14-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\" id=\"ea\"><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-15-1.png\" alt=\"\" class=\"wp-image-67316\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-15-1.png 601w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67180-15-1-300x54.png 300w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Shopify Inc. (SHOP)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$2.36B, +26.9% YoY, beat estimates by $30M<br>  <\/li>\n\n\n\n<li><strong>1Q25 GAAP EPS: \u2013<\/strong>$0.53, miss estimates by $0.70<br>  <\/li>\n\n\n\n<li><strong>2Q25 Guidance:<\/strong> Expect revenue growth to be around mid-twenties on a YoY basis; expects gross profit to grow at a high-teens percentage rate; expects operating expenses to represent 39% to 40% of revenue.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Shopify reported revenue that exceeded expectations, but posted a significantly wider quarterly net loss compared to the prior year. The company\u2019s net loss widened to $682 mn in the quarter, up from $273 mn a year earlier. Gross merchandise volume (GMV) totaled $74.8 bn\u2014broadly in line with estimates\u2014but marked a slowdown from $94.5 bn in the previous quarter. Guidance for 2Q25 came in lighter than anticipated, as Shopify cited macroeconomic uncertainties, including the impact of tariffs. However, management noted that some of these headwinds could be offset by more favorable foreign exchange rates. Investor concerns persist over Shopify\u2019s exposure to Chinese imports, which currently face a 145% tariff. While the company has made efforts to attract larger retailers, a substantial portion of its merchant base still consists of smaller businesses. These merchants may be disproportionately affected by rising tariffs and the potential closure of the de minimis loophole, which previously allowed shipments under $800 to enter the U.S. duty-free. Despite these pressures, management highlighted that cross-border orders accounted for 15% of GMV in the quarter, signaling ongoing international demand. <strong>2Q25<\/strong> <strong>recommended trading range: $80 to $110. Neutral Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Shopify Inc. (SHOP)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>23.6\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f26.9%\uff0c\u8d85\u51fa\u9884\u671f3,000\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63GAAP\u6bcf\u80a1\u4e8f\u635f\uff1a<\/strong>0.53\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f0.70\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8425\u6536\u540c\u6bd4\u589e\u957f\u7387\u7ea6\u4e3a20%\u4e2d\u6bb5\uff1b\u9884\u8ba1\u6bdb\u5229\u6da6\u589e\u957f\u7387\u4e3a10%\u4ee5\u4e0a\uff1b\u9884\u8ba1\u8fd0\u8425\u8d39\u7528\u5360\u8425\u6536\u768439%\u81f340%\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>Shopify\u8425\u6536\u8d85\u51fa\u9884\u671f\uff0c\u4f46\u5b63\u5ea6\u51c0\u4e8f\u635f\u8f83\u4e0a\u5e74\u540c\u671f\u663e\u8457\u6269\u5927\u3002\u8be5\u516c\u53f8\u672c\u5b63\u5ea6\u51c0\u4e8f\u635f\u6269\u5927\u81f36.82\u4ebf\u7f8e\u5143\uff0c\u9ad8\u4e8e\u53bb\u5e74\u540c\u671f\u76842.73\u4ebf\u7f8e\u5143\u3002\u5546\u54c1\u4ea4\u6613\u603b\u989d\uff08GMV\uff09\u603b\u8ba1748\u4ebf\u7f8e\u5143\uff0c\u5927\u81f4\u7b26\u5408\u9884\u671f\uff0c\u4f46\u8f83\u4e0a\u4e00\u5b63\u5ea6\u7684945\u4ebf\u7f8e\u5143\u6709\u6240\u653e\u7f13\u300225\u8d22\u5e74\u7b2c\u4e8c\u5b63\u6307\u5f15\u4f4e\u4e8e\u9884\u671f\uff0cShopify\u5c06\u6b64\u5f52\u56e0\u4e8e\u5305\u62ec\u5173\u7a0e\u5f71\u54cd\u5728\u5185\u7684\u5b8f\u89c2\u7ecf\u6d4e\u4e0d\u786e\u5b9a\u6027\u3002\u7136\u800c\uff0c\u7ba1\u7406\u5c42\u6307\u51fa\uff0c\u4e00\u4e9b\u4e0d\u5229\u56e0\u7d20\u53ef\u80fd\u88ab\u66f4\u6709\u5229\u7684\u5916\u6c47\u6c47\u7387\u6240\u62b5\u6d88\u3002\u6295\u8d44\u8005\u4ecd\u7136\u62c5\u5fc3Shopify\u5bf9\u4e2d\u56fd\u8fdb\u53e3\u5546\u54c1\u7684\u655e\u53e3\uff0c\u8fd9\u4e9b\u5546\u54c1\u76ee\u524d\u9762\u4e34145%\u7684\u5173\u7a0e\u3002\u5c3d\u7ba1\u8be5\u516c\u53f8\u5df2\u52aa\u529b\u5438\u5f15\u66f4\u5927\u7684\u96f6\u552e\u5546\uff0c\u4f46\u5176\u5927\u90e8\u5206\u5546\u5bb6\u4ecd\u7136\u662f\u5c0f\u578b\u4f01\u4e1a\u3002\u8fd9\u4e9b\u5546\u5bb6\u53ef\u80fd\u66f4\u5bb9\u6613\u53d7\u5230\u5173\u7a0e\u4e0a\u6da8\u548c\u201c\u5fae\u91cf\u8fdb\u53e3\u5546\u54c1\u514d\u7a0e\u201d\u6f0f\u6d1e\u6f5c\u5728\u5173\u95ed\u7684\u5f71\u54cd\uff0c\u8be5\u6f0f\u6d1e\u6b64\u524d\u5141\u8bb8\u4ef7\u503c\u4f4e\u4e8e800\u7f8e\u5143\u7684\u8d27\u7269\u514d\u7a0e\u8fdb\u5165\u7f8e\u56fd\u3002\u5c3d\u7ba1\u9762\u4e34\u8fd9\u4e9b\u538b\u529b\uff0c\u7ba1\u7406\u5c42\u5f3a\u8c03\uff0c\u672c\u5b63\u5ea6\u8de8\u5883\u8ba2\u5355\u5360GMV\u768415%\uff0c\u8868\u660e\u56fd\u9645\u9700\u6c42\u4f9d\u7136\u5b58\u5728<strong>\u300225\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a80\u7f8e\u5143\u81f3110\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>D-Wave Quantum Inc. (QBTS)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$15M, +507.3% YoY, beat estimates by $4.5M<br>  <\/li>\n\n\n\n<li><strong>1Q25 GAAP EPS: \u2013<\/strong>$0.02, beat estimates by $0.03<br>  <\/li>\n\n\n\n<li><strong>FY25 Guidance:<\/strong> No guidance provided.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> The company reported record first-quarter revenue and a narrower quarterly loss. Management emphasized that Q1 FY25 was a pivotal period, highlighted by the sale of an Advantage quantum system to Germany\u2019s J\u00fclich Supercomputing Centre\u2014a key milestone that significantly contributed to revenue. The installation accounted for the bulk of recognized revenue during the quarter. Importantly, the sale also laid the groundwork for future revenue streams, including ongoing service contracts, maintenance, and upgrades to next-generation hardware. With growing interest in quantum computing, the CEO noted active discussions with several potential customers, including companies in the airline and mobile gaming sectors. D-Wave\u2019s current client base includes notable names such as Mastercard and NTT Docomo, Japan\u2019s largest wireless carrier. Still, it is good to note that the industry remains in its early stages. Quantum computing has yet to reach a commercial inflection point, and widespread scalability is expected to take several more years. <strong>2Q25<\/strong> <strong>recommended trading range: $8.0 to $12.0. Positive Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>D-Wave Quantum Inc. (QBTS)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>1,500\u4e07\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f507.3%\uff0c\u8d85\u51fa\u9884\u671f450\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63GAAP\u6bcf\u80a1\u4e8f\u635f\uff1a<\/strong>0.02\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.03\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u672a\u63d0\u4f9b\u6307\u5f15\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u8be5\u516c\u53f8\u62a5\u544a\u4e86\u521b\u7eaa\u5f55\u7684\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\u548c\u66f4\u7a84\u7684\u5b63\u5ea6\u4e8f\u635f\u3002\u7ba1\u7406\u5c42\u5f3a\u8c03\uff0c25\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u662f\u4e00\u4e2a\u5173\u952e\u65f6\u671f\uff0c\u5176\u4eae\u70b9\u662f\u5411\u5fb7\u56fd\u5c24\u5229\u5e0c\u8d85\u7ea7\u8ba1\u7b97\u4e2d\u5fc3\u51fa\u552e\u4e86\u4e00\u53f0Advantage\u91cf\u5b50\u7cfb\u7edf\u2014\u2014\u8fd9\u662f\u4e00\u4e2a\u663e\u8457\u63a8\u52a8\u8425\u6536\u7684\u5173\u952e\u91cc\u7a0b\u7891\u3002\u6b64\u6b21\u5b89\u88c5\u5360\u672c\u5b63\u5ea6\u786e\u8ba4\u6536\u5165\u7684\u5927\u90e8\u5206\u3002\u91cd\u8981\u7684\u662f\uff0c\u6b64\u6b21\u9500\u552e\u4e5f\u4e3a\u672a\u6765\u7684\u6536\u5165\u6765\u6e90\u5960\u5b9a\u4e86\u57fa\u7840\uff0c\u5305\u62ec\u6301\u7eed\u7684\u670d\u52a1\u5408\u540c\u3001\u7ef4\u62a4\u548c\u4e0b\u4e00\u4ee3\u786c\u4ef6\u7684\u5347\u7ea7\u3002\u968f\u7740\u5bf9\u91cf\u5b50\u8ba1\u7b97\u7684\u5174\u8da3\u65e5\u76ca\u6d53\u539a\uff0c\u9996\u5e2d\u6267\u884c\u5b98\u6307\u51fa\uff0c\u6b63\u4e0e\u5305\u62ec\u822a\u7a7a\u516c\u53f8\u548c\u624b\u673a\u6e38\u620f\u516c\u53f8\u5728\u5185\u7684\u51e0\u5bb6\u6f5c\u5728\u5ba2\u6237\u8fdb\u884c\u79ef\u6781\u8ba8\u8bba\u3002D-Wave\u76ee\u524d\u7684\u5ba2\u6237\u7fa4\u5305\u62ec\u4e07\u4e8b\u8fbe\u5361\u548c\u65e5\u672c\u6700\u5927\u7684\u65e0\u7ebf\u8fd0\u8425\u5546NTT Docomo\u7b49\u77e5\u540d\u4f01\u4e1a\u3002\u7136\u800c\uff0c\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u8be5\u884c\u4e1a\u4ecd\u5904\u4e8e\u65e9\u671f\u9636\u6bb5\u3002\u91cf\u5b50\u8ba1\u7b97\u5c1a\u672a\u8fbe\u5230\u5546\u4e1a\u62d0\u70b9\uff0c\u5e7f\u6cdb\u7684\u89c4\u6a21\u5316\u9884\u8ba1\u8fd8\u9700\u8981\u51e0\u5e74\u65f6\u95f4\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a8.0\u7f8e\u5143\u81f312.0\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Crocs Inc. (CROX)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$937.33M, -0.1% YoY, beat estimates by $29.41M<br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: <\/strong>$3.00, beat estimates by $0.51<br>  <\/li>\n\n\n\n<li><strong>FY25 guidance: <\/strong>No guidance provided.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Crocs delivered a strong set of results, with management expressing confidence in the overall business performance through April. However, they acknowledged that rising global trade uncertainties have created a more unpredictable environment for both businesses and consumers, making future shopper behavior harder to forecast. Despite these headwinds, Crocs sees continued opportunities to gain market share by focusing on controllable factors and leveraging its competitive strengths. The company emphasized its resilience and history of emerging stronger from uncertain periods. Staying attuned to consumer preferences, Crocs recently launched a sneaker-sandal hybrid under its new Exp line, targeting trail enthusiasts. Meanwhile, performance at its Hey Dude brand remains challenged. Revenue for Hey Dude declined 9.8% to $176 mn, with direct-to-consumer (DTC) sales up 8.3% to $65 mn, but wholesale revenue down 17.9% to $111 mn. Due to ongoing macroeconomic volatility tied to global trade policy, Crocs also withdrew its previously issued guidance for 2025. <strong>2Q25<\/strong> <strong>recommended trading range: $100 to $130. Positive Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5361\u9a86\u9a70 (CROX)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>9.3733\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d0.1%\uff0c\u8d85\u51fa\u9884\u671f2,941\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>3.00\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.51\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u672a\u63d0\u4f9b\u6307\u5f15\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>Crocs\u516c\u5e03\u4e86\u4e00\u7ec4\u5f3a\u52b2\u7684\u4e1a\u7ee9\uff0c\u7ba1\u7406\u5c42\u5bf94\u6708\u4efd\u7684\u6574\u4f53\u4e1a\u52a1\u8868\u73b0\u8868\u793a\u4e50\u89c2\u3002\u7136\u800c\uff0c\u4ed6\u4eec\u627f\u8ba4\uff0c\u5168\u7403\u8d38\u6613\u4e0d\u786e\u5b9a\u6027\u7684\u52a0\u5267\u4e3a\u4f01\u4e1a\u548c\u6d88\u8d39\u8005\u521b\u9020\u4e86\u4e00\u4e2a\u66f4\u52a0\u96be\u4ee5\u9884\u6d4b\u7684\u73af\u5883\uff0c\u4f7f\u5f97\u672a\u6765\u6d88\u8d39\u8005\u7684\u884c\u4e3a\u66f4\u96be\u9884\u6d4b\u3002\u5c3d\u7ba1\u9762\u4e34\u8fd9\u4e9b\u4e0d\u5229\u56e0\u7d20\uff0cCrocs\u8ba4\u4e3a\u901a\u8fc7\u5173\u6ce8\u53ef\u63a7\u56e0\u7d20\u548c\u5229\u7528\u5176\u7ade\u4e89\u4f18\u52bf\uff0c\u4ecd\u6709\u6301\u7eed\u83b7\u5f97\u5e02\u573a\u4efd\u989d\u7684\u673a\u4f1a\u3002\u8be5\u516c\u53f8\u5f3a\u8c03\u4e86\u5176\u97e7\u6027\u4ee5\u53ca\u5728\u4e0d\u786e\u5b9a\u65f6\u671f\u53d8\u5f97\u66f4\u5f3a\u5927\u7684\u5386\u53f2\u3002\u4e3a\u4e86\u7d27\u8ddf\u6d88\u8d39\u8005\u504f\u597d\uff0cCrocs\u6700\u8fd1\u5728\u5176\u65b0\u7684Exp\u7cfb\u5217\u4e0b\u63a8\u51fa\u4e86\u4e00\u6b3e\u8fd0\u52a8\u978b\u51c9\u978b\u6df7\u5408\u6b3e\uff0c\u76ee\u6807\u662f\u8d8a\u91ce\u7231\u597d\u8005\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u5176Hey Dude\u54c1\u724c\u7684\u4e1a\u7ee9\u4ecd\u7136\u9762\u4e34\u6311\u6218\u3002Hey Dude\u7684\u8425\u6536\u4e0b\u964d9.8%\u81f31.76\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u76f4\u63a5\u9762\u5411\u6d88\u8d39\u8005\uff08DTC\uff09\u7684\u9500\u552e\u989d\u589e\u957f8.3%\u81f36,500\u4e07\u7f8e\u5143\uff0c\u4f46\u6279\u53d1\u6536\u5165\u4e0b\u964d17.9%\u81f31.11\u4ebf\u7f8e\u5143\u3002\u7531\u4e8e\u4e0e\u5168\u7403\u8d38\u6613\u653f\u7b56\u76f8\u5173\u7684\u6301\u7eed\u5b8f\u89c2\u7ecf\u6d4e\u6ce2\u52a8\uff0cCrocs\u8fd8\u64a4\u56de\u4e86\u6b64\u524d\u53d1\u5e03\u76842025\u5e74\u6307\u5f15\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a100\u7f8e\u5143\u81f3130\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Trade Desk Inc. (TTD)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$616M, +25.4% YoY, beat estimates by $40.72M<br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: <\/strong>$0.33, beat estimates by $0.08<br>  <\/li>\n\n\n\n<li><strong>2Q25 Guidance: <\/strong>Expect revenue to be at least $682mn, representing a growth of around 17% YoY; Expect adjusted EBITDA of approximately $259mn.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> The Trade Desk delivered strong results, reflecting early benefits from strategic upgrades introduced in Q4. A key driver was the growing adoption of its AI-powered Kokai platform\u2014an advanced media-buying solution equipped with enhanced decision-making and campaign measurement capabilities. Kokai processes over 13 mn ad impressions per second, transforming that complexity into real-time, actionable insights. The platform enables advertisers to efficiently purchase the right impressions at the optimal price, targeting the right audience at the most effective time. Management remains confident in the company\u2019s ability to outperform the broader market by continuing to deliver value to marketers seeking objective, transparent, and data-driven advertising on the open internet. Customer retention remained strong, exceeding 95% during the quarter\u2014a level the company has maintained for 11 consecutive years. <strong>2Q25<\/strong> <strong>recommended trading range: $60 to $80. Positive Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Trade Desk Inc. (TTD)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>6.16\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f25.4%\uff0c\u8d85\u51fa\u9884\u671f4,072\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.33\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.08\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8425\u6536\u81f3\u5c11\u4e3a6.82\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f\u7ea617%\uff1b\u9884\u8ba1\u8c03\u6574\u540eEBITDA\u7ea6\u4e3a2.59\u4ebf\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>The Trade Desk\u516c\u5e03\u4e86\u5f3a\u52b2\u7684\u4e1a\u7ee9\uff0c\u53cd\u6620\u4e86\u7b2c\u56db\u5b63\u5ea6\u63a8\u51fa\u7684\u6218\u7565\u5347\u7ea7\u5e26\u6765\u7684\u65e9\u671f\u6548\u76ca\u3002\u4e00\u4e2a\u5173\u952e\u9a71\u52a8\u56e0\u7d20\u662f\u5176\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684Kokai\u5e73\u53f0\u7684\u65e5\u76ca\u666e\u53ca\u2014\u2014\u8fd9\u662f\u4e00\u4e2a\u5148\u8fdb\u7684\u5a92\u4f53\u8d2d\u4e70\u89e3\u51b3\u65b9\u6848\uff0c\u914d\u5907\u4e86\u589e\u5f3a\u7684\u51b3\u7b56\u548c\u5e7f\u544a\u6d3b\u52a8\u8861\u91cf\u80fd\u529b\u3002Kokai\u6bcf\u79d2\u5904\u7406\u8d85\u8fc71300\u4e07\u6b21\u5e7f\u544a\u5c55\u793a\uff0c\u5c06\u8fd9\u79cd\u590d\u6742\u6027\u8f6c\u5316\u4e3a\u5b9e\u65f6\u7684\u3001\u53ef\u64cd\u4f5c\u7684\u6d1e\u5bdf\u3002\u8be5\u5e73\u53f0\u4f7f\u5e7f\u544a\u5546\u80fd\u591f\u4ee5\u6700\u4f18\u7684\u4ef7\u683c\u9ad8\u6548\u5730\u8d2d\u4e70\u5408\u9002\u7684\u5e7f\u544a\u5c55\u793a\uff0c\u5728\u6700\u6709\u6548\u7684\u65f6\u95f4\u5b9a\u4f4d\u5408\u9002\u7684\u53d7\u4f17\u3002\u7ba1\u7406\u5c42\u4ecd\u7136\u5bf9\u516c\u53f8\u901a\u8fc7\u7ee7\u7eed\u4e3a\u5728\u5f00\u653e\u4e92\u8054\u7f51\u4e0a\u5bfb\u6c42\u5ba2\u89c2\u3001\u900f\u660e\u548c\u6570\u636e\u9a71\u52a8\u5e7f\u544a\u7684\u8425\u9500\u4eba\u5458\u63d0\u4f9b\u4ef7\u503c\uff0c\u4ece\u800c\u8dd1\u8d62\u66f4\u5e7f\u6cdb\u5e02\u573a\u7684\u80fd\u529b\u5145\u6ee1\u4fe1\u5fc3\u3002\u5ba2\u6237\u7559\u5b58\u7387\u4f9d\u7136\u5f3a\u52b2\uff0c\u672c\u5b63\u5ea6\u8d85\u8fc795%\u2014\u2014\u8be5\u516c\u53f8\u5df2\u8fde\u7eed11\u5e74\u4fdd\u6301\u8fd9\u4e00\u6c34\u5e73\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a60\u7f8e\u5143\u81f380\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Coinbase Global Inc. (COIN)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$2.03B, +23.8% YoY, miss estimates by $60M<br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: <\/strong>$1.94, miss estimates by $0.04<br>  <\/li>\n\n\n\n<li><strong>2Q25 guidance: <\/strong>Expect subscription and service revenue in the range of $600mn to $680mn.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Coinbase reported growth in stablecoin revenue, but overall results fell short of market expectations. Consumer trading volume declined 17% quarter-over-quarter to $78.1 bn, following a Q4 spike driven by optimism around President Donald Trump\u2019s election and expectations of a more favorable regulatory environment. Institutional trading volume also dipped 9% to $315 bn in 1Q25. Despite several tailwinds for crypto in the first quarter\u2014including bitcoin hitting an all-time high on January 20\u2014market volatility resurfaced in April amid concerns over Trump\u2019s tariff policies, which weighed on risk appetite and dampened crypto trading activity. Looking ahead, stablecoin revenue growth in Q2 may be offset by a decline in blockchain rewards due to weaker asset prices. In a strategic move to expand internationally, Coinbase recently announced its $2.9 bn acquisition of Deribit, a leading Dubai-based crypto derivatives exchange. The deal, the largest in crypto industry history, marks a significant step in strengthening Coinbase\u2019s global presence. <strong>2Q25<\/strong> <strong>recommended trading range: $170 to $230. Neutral Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Coinbase Global Inc. (COIN)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a20.3\u4ebf\u7f8e\u5143\uff0c<\/strong>\u540c\u6bd4\u589e\u957f23.8%\uff0c\u4f4e\u4e8e\u9884\u671f6,000\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.94\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f0.04\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8ba2\u9605\u548c\u670d\u52a1\u6536\u5165\u57286\u4ebf\u81f36.8\u4ebf\u7f8e\u5143\u4e4b\u95f4\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>Coinbase\u62a5\u544a\u4e86\u7a33\u5b9a\u5e01\u6536\u5165\u7684\u589e\u957f\uff0c\u4f46\u6574\u4f53\u4e1a\u7ee9\u672a\u8fbe\u5230\u5e02\u573a\u9884\u671f\u3002\u7ee7\u7b2c\u56db\u5b63\u5ea6\u56e0\u5510\u7eb3\u5fb7\u00b7\u7279\u6717\u666e\u603b\u7edf\u9009\u4e3e\u7684\u4e50\u89c2\u60c5\u7eea\u548c\u5bf9\u66f4\u6709\u5229\u76d1\u7ba1\u73af\u5883\u7684\u9884\u671f\u63a8\u52a8\u7684\u98d9\u5347\u4e4b\u540e\uff0c\u6d88\u8d39\u8005\u4ea4\u6613\u91cf\u73af\u6bd4\u4e0b\u964d17%\u81f3781\u4ebf\u7f8e\u5143\u3002\u673a\u6784\u4ea4\u6613\u91cf\u572825\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e5f\u4e0b\u964d\u4e869%\u81f33150\u4ebf\u7f8e\u5143\u3002\u5c3d\u7ba1\u7b2c\u4e00\u5b63\u5ea6\u52a0\u5bc6\u8d27\u5e01\u6709\u5229\u597d\u56e0\u7d20\uff08\u5305\u62ec\u6bd4\u7279\u5e01\u57281\u670820\u65e5\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\uff09\uff0c\u4f46\u7531\u4e8e\u5bf9\u7279\u6717\u666e\u5173\u7a0e\u653f\u7b56\u7684\u62c5\u5fe7\uff0c\u5e02\u573a\u6ce2\u52a8\u57284\u6708\u4efd\u518d\u6b21\u51fa\u73b0\uff0c\u8fd9\u6253\u538b\u4e86\u98ce\u9669\u504f\u597d\u5e76\u6291\u5236\u4e86\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6d3b\u52a8\u3002\u5c55\u671b\u672a\u6765\uff0c\u7531\u4e8e\u8d44\u4ea7\u4ef7\u683c\u8d70\u5f31\uff0c\u7b2c\u4e8c\u5b63\u5ea6\u7a33\u5b9a\u5e01\u6536\u5165\u7684\u589e\u957f\u53ef\u80fd\u88ab\u533a\u5757\u94fe\u5956\u52b1\u7684\u4e0b\u964d\u6240\u62b5\u6d88\u3002\u4e3a\u4e86\u6269\u5927\u56fd\u9645\u4e1a\u52a1\uff0cCoinbase\u6700\u8fd1\u5ba3\u5e03\u4ee529\u4ebf\u7f8e\u5143\u6536\u8d2d\u603b\u90e8\u4f4d\u4e8e\u8fea\u62dc\u7684\u9886\u5148\u52a0\u5bc6\u8d27\u5e01\u884d\u751f\u54c1\u4ea4\u6613\u6240Deribit\u3002\u8fd9\u7b14\u4ea4\u6613\u662f\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u5386\u53f2\u4e0a\u89c4\u6a21\u6700\u5927\u7684\u4e00\u7b14\u4ea4\u6613\uff0c\u6807\u5fd7\u7740Coinbase\u52a0\u5f3a\u5176\u5168\u7403\u4e1a\u52a1\u7684\u91cd\u8981\u4e00\u6b65\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a170\u7f8e\u5143\u81f3230\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MARA Holdings Inc. (MARA)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$213.9m, +29.5% YoY, miss estimates by $3.7M<br>  <\/li>\n\n\n\n<li><strong>1Q25 GAAP EPS: <\/strong>-$1.55, miss estimates by $1.18<br>  <\/li>\n\n\n\n<li><strong>2Q25 guidance: <\/strong>No guidance provided.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> MARA Holdings reported a weak quarter, posting a net loss despite continued YoY revenue growth. The company has been aggressively accumulating Bitcoin, with its holdings rising 175% from a year ago to 47,531 BTC\u2014nearly triple the 17,320 BTC held at the end of 1Q24. According to CoinGecko, this makes MARA the second-largest Bitcoin holder among all publicly traded companies. However, Bitcoin production during the quarter declined 19% year-over-year to 2,286 BTC. The company attributed the drop to the most recent Bitcoin halving, which cut mining rewards to 3.125 BTC per block and tightened overall supply. MARA continues to position itself as a growth-focused company and maintains its long-term view of Bitcoin as a premier macro hedge in times of economic uncertainty. <strong>2Q25<\/strong> <strong>recommended trading range: $12 to $16. Neutral Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MARA Holdings Inc. (MARA)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>2.139\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f29.5%\uff0c\u4f4e\u4e8e\u9884\u671f370\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63GAAP\u6bcf\u80a1\u4e8f\u635f\uff1a<\/strong>1.55\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f1.18\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u6307\u5f15\uff1a<\/strong>\u672a\u63d0\u4f9b\u6307\u5f15\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>MARA Holdings\u62a5\u544a\u4e86\u4e00\u4e2a\u75b2\u8f6f\u7684\u5b63\u5ea6\uff0c\u5c3d\u7ba1\u8425\u6536\u540c\u6bd4\u589e\u957f\uff0c\u4f46\u4ecd\u51fa\u73b0\u51c0\u4e8f\u635f\u3002\u8be5\u516c\u53f8\u4e00\u76f4\u5728\u79ef\u6781\u79ef\u7d2f\u6bd4\u7279\u5e01\uff0c\u5176\u6301\u6709\u7684\u6bd4\u7279\u5e01\u6570\u91cf\u8f83\u4e00\u5e74\u524d\u589e\u957f\u4e86175%\uff0c\u8fbe\u523047531\u679a\uff0c\u51e0\u4e4e\u662f24\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u672b\u6301\u6709\u768417320\u679a\u6bd4\u7279\u5e01\u7684\u4e09\u500d\u3002\u6839\u636eCoinGecko\u7684\u6570\u636e\uff0c\u8fd9\u4f7f\u5f97MARA\u6210\u4e3a\u6240\u6709\u4e0a\u5e02\u516c\u53f8\u4e2d\u7b2c\u4e8c\u5927\u6bd4\u7279\u5e01\u6301\u6709\u8005\u3002\u7136\u800c\uff0c\u672c\u5b63\u5ea6\u6bd4\u7279\u5e01\u4ea7\u91cf\u540c\u6bd4\u4e0b\u964d19%\u81f32286\u679a\u3002\u8be5\u516c\u53f8\u5c06\u4e0b\u964d\u5f52\u56e0\u4e8e\u6700\u8fd1\u4e00\u6b21\u6bd4\u7279\u5e01\u51cf\u534a\uff0c\u8fd9\u4f7f\u5f97\u6bcf\u4e2a\u533a\u5757\u7684\u6316\u77ff\u5956\u52b1\u964d\u81f33.125\u679a\u6bd4\u7279\u5e01\uff0c\u5e76\u6536\u7d27\u4e86\u6574\u4f53\u4f9b\u5e94\u3002MARA\u7ee7\u7eed\u5c06\u81ea\u5df1\u5b9a\u4f4d\u4e3a\u4e00\u5bb6\u4e13\u6ce8\u4e8e\u589e\u957f\u7684\u516c\u53f8\uff0c\u5e76\u575a\u6301\u5176\u5c06\u6bd4\u7279\u5e01\u89c6\u4e3a\u7ecf\u6d4e\u4e0d\u786e\u5b9a\u65f6\u671f\u9996\u8981\u5b8f\u89c2\u5bf9\u51b2\u5de5\u5177\u7684\u957f\u671f\u89c2\u70b9\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a12\u7f8e\u5143\u81f316\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cloudflare Inc. (NET)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$479.09M, +26.5% YoY, beat estimates by $9.39M<br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: <\/strong>$0.16, in line with estimates <br>  <\/li>\n\n\n\n<li><strong>2Q25 Guidance: <\/strong> Expect revenue to be between $500mn to 501mn, midpoint of $500.5mn below consensus of $502mn; expects non-GAAP income from operations to be between $62.5mn to $63.5mn; expects Non-GAAP EPS to be $0.18, below consensus of $0.19.<br>  <\/li>\n\n\n\n<li><strong>FY25 Guidance:<\/strong> Expect net sales to be $2.09bn, below consensus of $2.10bn; expects non-GAAP income from operations to be between $272mn to $276; Expect Non-GAAP EPS to be between $0.79 to $0.80, below consensus of $1.03.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Cloudflare reported better-than-expected revenue and earnings that were in line with expectations. Management noted that the company entered 2025 with strong momentum, confidence, and solid performance. In Q1, Cloudflare secured the largest contract in its history\u2014a deal exceeding $100 mn, driven by its Workers developer platform\u2014and also signed its longest-term SASE agreement to date. While forward guidance came in slightly below market expectations, the company emphasized its strong positioning to capture long-term opportunities. This is reflected in the growing scale and duration of its deals, as well as the quality of enterprise customers choosing Cloudflare. Looking ahead, the company remains optimistic, supported by continued growth in high-potential areas such as AI and cybersecurity, and the ongoing expansion of its enterprise customer base. <strong>2Q25<\/strong> <strong>recommended trading range: $125 to $150. Positive Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cloudflare Inc. (NET)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>4.7909\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f26.5%\uff0c\u8d85\u51fa\u9884\u671f939\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.16\u7f8e\u5143\uff0c\u7b26\u5408\u9884\u671f<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8425\u6536\u57285\u4ebf\u81f35.01\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u4e2d\u70b9\u4e3a5.005\u4ebf\u7f8e\u5143\uff0c\u4f4e\u4e8e\u5e02\u573a\u666e\u904d\u9884\u671f\u76845.02\u4ebf\u7f8e\u5143\uff1b\u9884\u8ba1Non-GAAP\u8fd0\u8425\u6536\u5165\u57286,250\u4e07\u81f36,350\u4e07\u7f8e\u5143\u4e4b\u95f4\uff1b\u9884\u8ba1Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a0.18\u7f8e\u5143\uff0c\u4f4e\u4e8e\u5e02\u573a\u666e\u904d\u9884\u671f\u76840.19\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u51c0\u9500\u552e\u989d\u4e3a20.9\u4ebf\u7f8e\u5143\uff0c\u4f4e\u4e8e\u5e02\u573a\u666e\u904d\u9884\u671f\u768421.0\u4ebf\u7f8e\u5143\uff1b\u9884\u8ba1Non-GAAP\u8fd0\u8425\u6536\u5165\u57282.72\u4ebf\u81f32.76\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff1b\u9884\u8ba1Non-GAAP\u6bcf\u80a1\u6536\u76ca\u57280.79\u81f30.80\u7f8e\u5143\u4e4b\u95f4\uff0c\u4f4e\u4e8e\u5e02\u573a\u666e\u904d\u9884\u671f\u76841.03\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>Cloudflare\u62a5\u544a\u4e86\u8d85\u51fa\u9884\u671f\u7684\u8425\u6536\u548c\u7b26\u5408\u9884\u671f\u7684\u76c8\u5229\u3002\u7ba1\u7406\u5c42\u6307\u51fa\uff0c\u516c\u53f8\u4ee5\u5f3a\u52b2\u7684\u52bf\u5934\u3001\u4fe1\u5fc3\u548c\u7a33\u5065\u7684\u4e1a\u7ee9\u8fdb\u51652025\u5e74\u3002\u7b2c\u4e00\u5b63\u5ea6\uff0cCloudflare\u83b7\u5f97\u4e86\u5176\u5386\u53f2\u4e0a\u6700\u5927\u7684\u5408\u540c\u2014\u2014\u4e00\u9879\u8d85\u8fc71\u4ebf\u7f8e\u5143\u7684\u4ea4\u6613\uff0c\u8fd9\u5f97\u76ca\u4e8e\u5176Workers\u5f00\u53d1\u8005\u5e73\u53f0\u2014\u2014\u5e76\u7b7e\u7f72\u4e86\u8fc4\u4eca\u4e3a\u6b62\u6700\u957f\u671f\u7684SASE\u534f\u8bae\u3002\u5c3d\u7ba1\u524d\u77bb\u6027\u6307\u5f15\u7565\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\uff0c\u4f46\u8be5\u516c\u53f8\u5f3a\u8c03\u5176\u5728\u6293\u4f4f\u957f\u671f\u673a\u9047\u65b9\u9762\u5904\u4e8e\u6709\u5229\u5730\u4f4d\u3002\u8fd9\u4f53\u73b0\u5728\u5176\u4ea4\u6613\u89c4\u6a21\u548c\u671f\u9650\u7684\u4e0d\u65ad\u6269\u5927\uff0c\u4ee5\u53ca\u9009\u62e9Cloudflare\u7684\u4f01\u4e1a\u5ba2\u6237\u7684\u8d28\u91cf\u4e0a\u3002\u5c55\u671b\u672a\u6765\uff0c\u8be5\u516c\u53f8\u4ecd\u7136\u4e50\u89c2\uff0c\u8fd9\u5f97\u76ca\u4e8e\u4eba\u5de5\u667a\u80fd\u548c\u7f51\u7edc\u5b89\u5168\u7b49\u9ad8\u6f5c\u529b\u9886\u57df\u7684\u6301\u7eed\u589e\u957f\uff0c\u4ee5\u53ca\u5176\u4f01\u4e1a\u5ba2\u6237\u7fa4\u7684\u4e0d\u65ad\u6269\u5927\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a125\u7f8e\u5143\u81f3150\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DraftKings Inc. (DKNG)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$1.41B, +19.5% YoY, miss estimates by $20M<br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: <\/strong>$0.12, in line with estimates <br>  <\/li>\n\n\n\n<li><strong>FY25 guidance: <\/strong>Lowered FY25 revenue guidance to between $6.2bn to $6.4bn, midpoint below consensus of $6.37bn, and vs $6.3bn to $6.5bn previously<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> DraftKings reported earnings in line with expectations, though revenue came in below forecasts. YoY revenue growth was driven by strong customer engagement, new user acquisition, a higher structural sportsbook hold percentage, and the contribution from the Jackpocket acquisition. Monthly Unique Payers (MUPs) rose 28% to 4.3mn in Q1, supported by strong retention, new customer growth, and the integration of Jackpocket. However, the company faced a setback in March during the NCAA Men\u2019s Basketball Tournament\u2014one of the most popular betting events in the U.S.\u2014as game outcomes favored bettors, leading to higher-than-expected payouts. These results more than offset the benefits of a favorable Super Bowl outcome for DraftKings. Looking ahead, management remains confident in the company\u2019s positioning amid the current macroeconomic environment. They emphasized the resilience of the online gaming and betting sector and noted that the company is beginning to realize greater operational efficiency, particularly as broader corporate demand, including advertising, continues to moderate. <strong>2Q25<\/strong> <strong>recommended trading range: $33 to $42. Positive Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DraftKings Inc. (DKNG)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>14.1\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f19.5%\uff0c\u4f4e\u4e8e\u9884\u671f2,000\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.12\u7f8e\u5143\uff0c\u7b26\u5408\u9884\u671f<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u5c0625\u8d22\u5e74\u8425\u6536\u6307\u5f15\u4e0b\u8c03\u81f362\u4ebf\u81f364\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u4e2d\u70b9\u4f4e\u4e8e\u5e02\u573a\u666e\u904d\u9884\u671f\u768463.7\u4ebf\u7f8e\u5143\uff0c\u6b64\u524d\u6307\u5f15\u4e3a63\u4ebf\u81f365\u4ebf\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>DraftKings\u62a5\u544a\u7684\u76c8\u5229\u7b26\u5408\u9884\u671f\uff0c\u4f46\u8425\u6536\u4f4e\u4e8e\u9884\u671f\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f\u5f97\u76ca\u4e8e\u5f3a\u52b2\u7684\u5ba2\u6237\u53c2\u4e0e\u5ea6\u3001\u65b0\u7528\u6237\u83b7\u53d6\u3001\u66f4\u9ad8\u7684\u7ed3\u6784\u6027\u4f53\u80b2\u535a\u5f69\u6301\u6709\u7387\u4ee5\u53ca\u6536\u8d2dJackpocket\u7684\u8d21\u732e\u3002\u7b2c\u4e00\u5b63\u5ea6\u6708\u72ec\u7acb\u4ed8\u8d39\u7528\u6237\uff08MUPs\uff09\u589e\u957f28%\u81f3430\u4e07\uff0c\u8fd9\u5f97\u76ca\u4e8e\u5f3a\u52b2\u7684\u7528\u6237\u7559\u5b58\u3001\u65b0\u5ba2\u6237\u589e\u957f\u4ee5\u53caJackpocket\u7684\u6574\u5408\u3002\u7136\u800c\uff0c\u8be5\u516c\u53f8\u57283\u6708\u4efd\u7684NCAA\u7537\u5b50\u7bee\u7403\u9526\u6807\u8d5b\uff08\u7f8e\u56fd\u6700\u53d7\u6b22\u8fce\u7684\u535a\u5f69\u8d5b\u4e8b\u4e4b\u4e00\uff09\u4e2d\u906d\u9047\u632b\u6298\uff0c\u6bd4\u8d5b\u7ed3\u679c\u5bf9\u535a\u5f69\u8005\u6709\u5229\uff0c\u5bfc\u81f4\u8d54\u4ed8\u9ad8\u4e8e\u9884\u671f\u3002\u8fd9\u4e9b\u7ed3\u679c\u8d85\u8fc7\u4e86\u5bf9DraftKings\u6709\u5229\u7684\u8d85\u7ea7\u7897\u6bd4\u8d5b\u7ed3\u679c\u6240\u5e26\u6765\u7684\u597d\u5904\u3002\u5c55\u671b\u672a\u6765\uff0c\u7ba1\u7406\u5c42\u5bf9\u5176\u5728\u5f53\u524d\u5b8f\u89c2\u7ecf\u6d4e\u73af\u5883\u4e0b\u7684\u5b9a\u4f4d\u4ecd\u7136\u5145\u6ee1\u4fe1\u5fc3\u3002\u4ed6\u4eec\u5f3a\u8c03\u4e86\u5728\u7ebf\u6e38\u620f\u548c\u535a\u5f69\u884c\u4e1a\u7684\u97e7\u6027\uff0c\u5e76\u6307\u51fa\u516c\u53f8\u5df2\u5f00\u59cb\u5b9e\u73b0\u66f4\u9ad8\u7684\u8fd0\u8425\u6548\u7387\uff0c\u5c24\u5176\u662f\u5728\u5305\u62ec\u5e7f\u544a\u5728\u5185\u7684\u66f4\u5e7f\u6cdb\u7684\u4f01\u4e1a\u9700\u6c42\u6301\u7eed\u653e\u7f13\u7684\u60c5\u51b5\u4e0b\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a33\u7f8e\u5143\u81f342\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Innodata Inc. (INOD)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$58.34M, +120.2% YoY, beat estimates by $0.71M<br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: <\/strong>$0.22, beat estimates by $0.05<br>  <\/li>\n\n\n\n<li><strong>FY25 guidance: <\/strong>Reiterate guidance of 40% or more revenue growth in 2025.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Innodata delivered strong results in Q1 2025, marking a solid start to the year. Management emphasized growing momentum, with the company onboarding potential major clients, deepening existing relationships, and building the most advanced pipeline in its history. Notably, Innodata recently signed a second master statement of work with its largest customer, allowing them to access Innodata\u2019s services under a new budget category. Additionally, four other Big Tech clients awarded new engagements valued at approximately $8 mn. The company is also in active discussions with five other Big Tech customers. Looking ahead, Innodata plans to reinvest a portion of its operating cash flow into targeted technology initiatives and strategic hiring in sales and solutions to support both current and future AI-related demand. Management remains confident that these investments can be made while still growing adjusted EBITDA in 2025 over 2024. Innodata also noted that its business is largely insulated from short-term economic cycles and trade policy shifts. The company is well-positioned to benefit from sustained AI-driven capital investment by the \u201cMagnificent Seven\u201d tech giants, for whom AI remains a strategic priority. <strong>2Q25<\/strong> <strong>recommended trading range: $33 to $48. Positive Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Innodata Inc. (INOD)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>5,834\u4e07\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f120.2%\uff0c\u8d85\u51fa\u9884\u671f71\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.22\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.05\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u91cd\u75332025\u5e74\u8425\u6536\u589e\u957f40%\u6216\u4ee5\u4e0a\u7684\u6307\u5f15\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>Innodata\u572825\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u53d6\u5f97\u4e86\u5f3a\u52b2\u7684\u4e1a\u7ee9\uff0c\u4e3a\u4eca\u5e74\u5f00\u4e86\u4e2a\u597d\u5934\u3002\u7ba1\u7406\u5c42\u5f3a\u8c03\u589e\u957f\u52bf\u5934\u5f3a\u52b2\uff0c\u516c\u53f8\u6b63\u5728\u4e89\u53d6\u6f5c\u5728\u7684\u4e3b\u8981\u5ba2\u6237\uff0c\u6df1\u5316\u73b0\u6709\u5408\u4f5c\u5173\u7cfb\uff0c\u5e76\u5efa\u7acb\u4e86\u5176\u5386\u53f2\u4e0a\u6700\u5148\u8fdb\u7684\u6f5c\u5728\u5ba2\u6237\u6e20\u9053\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cInnodata\u6700\u8fd1\u4e0e\u5176\u6700\u5927\u7684\u5ba2\u6237\u7b7e\u7f72\u4e86\u7b2c\u4e8c\u4efd\u4e3b\u5de5\u4f5c\u8bf4\u660e\u4e66\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u65b0\u7684\u9884\u7b97\u7c7b\u522b\u4e0b\u83b7\u5f97Innodata\u7684\u670d\u52a1\u3002\u6b64\u5916\uff0c\u5176\u4ed6\u56db\u5bb6\u5927\u578b\u79d1\u6280\u5ba2\u6237\u6388\u4e88\u4e86\u4ef7\u503c\u7ea6800\u4e07\u7f8e\u5143\u7684\u65b0\u5408\u540c\u3002\u8be5\u516c\u53f8\u8fd8\u6b63\u5728\u4e0e\u53e6\u5916\u4e94\u5bb6\u5927\u578b\u79d1\u6280\u5ba2\u6237\u8fdb\u884c\u79ef\u6781\u7684\u8ba8\u8bba\u3002\u5c55\u671b\u672a\u6765\uff0cInnodata\u8ba1\u5212\u5c06\u5176\u90e8\u5206\u8fd0\u8425\u73b0\u91d1\u6d41\u518d\u6295\u8d44\u4e8e\u6709\u9488\u5bf9\u6027\u7684\u6280\u672f\u9879\u76ee\u4ee5\u53ca\u9500\u552e\u548c\u89e3\u51b3\u65b9\u6848\u65b9\u9762\u7684\u6218\u7565\u62db\u8058\uff0c\u4ee5\u652f\u6301\u5f53\u524d\u548c\u672a\u6765\u4e0e\u4eba\u5de5\u667a\u80fd\u76f8\u5173\u7684\u9700\u6c42\u3002\u7ba1\u7406\u5c42\u4ecd\u7136\u76f8\u4fe1\uff0c\u53ef\u4ee5\u5728\u589e\u52a02025\u5e74\u8c03\u6574\u540eEBITDA\u7684\u540c\u65f6\u8fdb\u884c\u8fd9\u4e9b\u6295\u8d44\u3002Innodata\u8fd8\u6307\u51fa\uff0c\u5176\u4e1a\u52a1\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u4e0d\u53d7\u77ed\u671f\u7ecf\u6d4e\u5468\u671f\u548c\u8d38\u6613\u653f\u7b56\u53d8\u5316\u7684\u5f71\u54cd\u3002\u8be5\u516c\u53f8\u6709\u671b\u53d7\u76ca\u4e8e\u201c\u4e03\u5de8\u5934\u201d\u79d1\u6280\u516c\u53f8\u6301\u7eed\u7684\u3001\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u8d44\u672c\u6295\u8d44\uff0c\u4eba\u5de5\u667a\u80fd\u4ecd\u7136\u662f\u8fd9\u4e9b\u516c\u53f8\u7684\u6218\u7565\u91cd\u70b9\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a33\u7f8e\u5143\u81f348\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-uagb-image alignleft uagb-block-971ecb1b wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-left\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.kgieworld.sg\/research\/KGISGWA\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png\" alt=\"\" class=\"uag-image-59753\" width=\"637\" height=\"174\" title=\"Get more from KGI on WhatsApp.\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/kgisg\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png\" alt=\"\" class=\"wp-image-15031\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>United States | Singapore | Hong Kong | Earnings Samsara Inc. (IOT US) Workday, Inc. (WDAY US) ^ Back To Top Q&#038;M Dental Group Ltd. (QNM SP) NetLink NBN Trust. (NETLINK SP) ^ Back To Top Li Auto Inc (2015 HK) Geely Automobile Holdings Ltd (175 HK) ^ Back To Top Shopify Inc. (SHOP) Shopify [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-67180","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA. MACD is positive, RSI is constructive. Long \u2013 Entry 43, Target 48, Stop 40.5 Workday, Inc. (WDAY US) Shares closed at a high since March 2025. 5dEMA just\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Jiong Han Lee\"\/>\n\t<meta name=\"keywords\" content=\"technical analysis\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Technical Analysis \u2013 09 May 2025 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA. MACD is positive, RSI is constructive. Long \u2013 Entry 43, Target 48, Stop 40.5 Workday, Inc. (WDAY US) Shares closed at a high since March 2025. 5dEMA just\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2025-05-08T11:03:17+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-05-09T09:21:22+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Technical Analysis \u2013 09 May 2025 \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA. MACD is positive, RSI is constructive. Long \u2013 Entry 43, Target 48, Stop 40.5 Workday, Inc. (WDAY US) Shares closed at a high since March 2025. 5dEMA just\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#blogposting\",\"name\":\"Technical Analysis \\u2013 09 May 2025 \\u2022 KGI Singapore Research\",\"headline\":\"Technical Analysis &#8211; 09 May 2025\",\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/word-image-136.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#articleImage\",\"width\":637,\"height\":135},\"datePublished\":\"2025-05-08T19:03:17+08:00\",\"dateModified\":\"2025-05-09T17:21:22+08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#webpage\"},\"articleSection\":\"Technical Analysis\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"name\":\"Technical Analysis\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"position\":2,\"name\":\"Technical Analysis\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#listItem\",\"name\":\"Technical Analysis &#8211; 09 May 2025\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#listItem\",\"position\":3,\"name\":\"Technical Analysis &#8211; 09 May 2025\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"name\":\"Technical Analysis\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\",\"name\":\"KGI Research Singapore\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"telephone\":\"+6562021188\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/cropped-Square-logo-PNG.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#organizationLogo\",\"width\":512,\"height\":512},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/\",\"name\":\"Jiong Han Lee\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b90c0aaa9693b6dc42d9cfd11e3f78d04889aa9412286139e67a8cf7465b0f2f?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Jiong Han Lee\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#webpage\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/\",\"name\":\"Technical Analysis \\u2013 09 May 2025 \\u2022 KGI Singapore Research\",\"description\":\"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA. MACD is positive, RSI is constructive. Long \\u2013 Entry 43, Target 48, Stop 40.5 Workday, Inc. (WDAY US) Shares closed at a high since March 2025. 5dEMA just\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-09-may-2025\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"datePublished\":\"2025-05-08T19:03:17+08:00\",\"dateModified\":\"2025-05-09T17:21:22+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"name\":\"KGI Singapore Research\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"Technical Analysis \u2013 09 May 2025 \u2022 KGI Singapore Research","description":"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA. MACD is positive, RSI is constructive. Long \u2013 Entry 43, Target 48, Stop 40.5 Workday, Inc. (WDAY US) Shares closed at a high since March 2025. 5dEMA just","canonical_url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/","robots":"max-image-preview:large","keywords":"technical analysis","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#blogposting","name":"Technical Analysis \u2013 09 May 2025 \u2022 KGI Singapore Research","headline":"Technical Analysis &#8211; 09 May 2025","author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/08\/word-image-136.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#articleImage","width":637,"height":135},"datePublished":"2025-05-08T19:03:17+08:00","dateModified":"2025-05-09T17:21:22+08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#webpage"},"isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#webpage"},"articleSection":"Technical Analysis"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","position":1,"name":"Home","item":"https:\/\/www.kgieworld.sg\/research","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","name":"Technical Analysis"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","position":2,"name":"Technical Analysis","item":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#listItem","name":"Technical Analysis &#8211; 09 May 2025"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#listItem","position":3,"name":"Technical Analysis &#8211; 09 May 2025","previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","name":"Technical Analysis"}}]},{"@type":"Organization","@id":"https:\/\/www.kgieworld.sg\/research\/#organization","name":"KGI Research Singapore","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","url":"https:\/\/www.kgieworld.sg\/research\/","telephone":"+6562021188","logo":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2020\/11\/cropped-Square-logo-PNG.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#organizationLogo","width":512,"height":512},"image":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author","url":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/","name":"Jiong Han Lee","image":{"@type":"ImageObject","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/b90c0aaa9693b6dc42d9cfd11e3f78d04889aa9412286139e67a8cf7465b0f2f?s=96&d=mm&r=g","width":96,"height":96,"caption":"Jiong Han Lee"}},{"@type":"WebPage","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#webpage","url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/","name":"Technical Analysis \u2013 09 May 2025 \u2022 KGI Singapore Research","description":"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA. MACD is positive, RSI is constructive. Long \u2013 Entry 43, Target 48, Stop 40.5 Workday, Inc. (WDAY US) Shares closed at a high since March 2025. 5dEMA just","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"datePublished":"2025-05-08T19:03:17+08:00","dateModified":"2025-05-09T17:21:22+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"Technical Analysis \u2013 09 May 2025 \u2022 KGI Singapore Research","og:description":"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA. MACD is positive, RSI is constructive. Long \u2013 Entry 43, Target 48, Stop 40.5 Workday, Inc. (WDAY US) Shares closed at a high since March 2025. 5dEMA just","og:url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-09-may-2025\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2025-05-08T11:03:17+00:00","article:modified_time":"2025-05-09T09:21:22+00:00","twitter:card":"summary","twitter:title":"Technical Analysis \u2013 09 May 2025 \u2022 KGI Singapore Research","twitter:description":"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 200dEMA. 5dEMA just crossed the 50dEMA and is about to cross the 200dEMA. MACD is positive, RSI is constructive. Long \u2013 Entry 43, Target 48, Stop 40.5 Workday, Inc. (WDAY US) Shares closed at a high since March 2025. 5dEMA just","twitter:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr"},"aioseo_meta_data":{"post_id":"67180","title":null,"description":null,"keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":{"id":"#aioseo-article-6707340a1aea4","slug":"article","graphName":"Article","label":"Article","properties":{"type":"BlogPosting","name":"#post_title","headline":"#post_title","description":"#post_excerpt","image":"","keywords":"","author":{"name":"#author_name","url":"#author_url"},"dates":{"include":true,"datePublished":"","dateModified":""}}},"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":"{\"article\":{\"articleType\":\"BlogPosting\"},\"course\":{\"name\":\"\",\"description\":\"\",\"provider\":\"\"},\"faq\":{\"pages\":[]},\"product\":{\"reviews\":[]},\"recipe\":{\"ingredients\":[],\"instructions\":[],\"keywords\":[]},\"software\":{\"reviews\":[],\"operatingSystems\":[]},\"webPage\":{\"webPageType\":\"WebPage\"}}","pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2025-05-08 10:51:27","updated":"2025-06-07 03:23:11","seo_analyzer_scan_date":null},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Jiong Han Lee","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/"},"uagb_comment_info":0,"uagb_excerpt":"United States | Singapore | Hong Kong | Earnings Samsara Inc. (IOT US) Workday, Inc. (WDAY US) ^ Back To Top Q&M Dental Group Ltd. (QNM SP) NetLink NBN Trust. (NETLINK SP) ^ Back To Top Li Auto Inc (2015 HK) Geely Automobile Holdings Ltd (175 HK) ^ Back To Top Shopify Inc. (SHOP) Shopify&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=67180"}],"version-history":[{"count":2,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67180\/revisions"}],"predecessor-version":[{"id":67318,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67180\/revisions\/67318"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=67180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=67180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=67180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}