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The Hang Seng Tech Index fell more than 4%, while the Hang Seng Index is currently down 2.77%. Gold stocks, optical communications, non-ferrous metals, chips, building materials and cement are among the biggest losers.1. Market Dynamics: Platinum and palladium futures contracts both hit their daily limit down, falling by 16% to 552.15 yuan/gram and 413.7 yuan/gram respectively; Shanghai gold futures fell by over 11%, and Shanghai silver futures hit their daily limit down; precious metals experienced a sell-off across the board. 2. Core Drivers: US President Trump nominated the hawkish Warsh as Federal Reserve Chairman, coupled with the unexpected rise in US December PPI inflation (annual rate of 3%, higher than expected), shaking market expectations for aggressive easing, easing concerns about the Feds independence, and shifting macroeconomic expectations. 3. Risk Control Pressure: CME significantly raised margin requirements for silver, platinum, and palladium futures for the second time this year, with gold margin also increasing (from 6% to 8% for non-high-risk accounts), significantly raising holding costs and intensifying liquidity tightening pressure. 4. Fund Flows: Speculative funds mainly flowed out; as of January 30, gold, silver, and palladium recorded reductions for 6, 2, and 3 consecutive days respectively, and the North American gold mining index fell sharply. 5. Nanhua Futures: Short-term "tightening trading" expectations do not change the medium-to-long-term "easing trend," and the foundation for a platinum and palladium bull market remains; however, the Warsh nomination brings concerns about a potential disruption of the underlying logic, and caution is advised against opening gaps due to high volatility. Position control is also crucial. 6. Yide Futures: The sharp decline disrupted the upward trend, but undoubtedly opened up opportunities for allocation trading. 7. Guoxin Futures: The trend of platinum group metals is anchored to the macro sentiment of the gold and silver sector. The Warsh nomination shakes the easing narrative, and CMEs increased protection measures exacerbate liquidity tightening; platinum and palladium may exhibit a weak and volatile situation, and a wait-and-see approach is recommended. 8. Other news: Parts of the US government face the risk of a shutdown, and House members need to return in two days to review the spending bill; Federal Reserve official Milan stated that he will continue to serve as a governor until Congress confirms a successor, emphasizing that current interest rates are still too restrictive. (The above content is compiled from publicly available market data and is for reference only, not investment advice.)JPMorgan Chase raised its price target for Regeneron Pharmaceuticals (REGN.O) from $850 to $950.Samsung SDI: We expect strong annual sales growth of battery energy storage systems by 2030, driven by demand from data centers.The SC crude oil futures contract hit its daily limit down, falling 7.02% to 449 yuan per barrel.

HP Surges to A Record 14.8 Percent on Buffett's Disclosure of A $4.2 Billion Investment

Charlie Brooks

Apr 08, 2022 10:00

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HP shares finished at $40.06, up $5.15, or 14.8 percent, from an earlier high of $41.46.


Stock prices often jump when Berkshire reveals new investments, which is seen as a seal of approval from Buffett.


Berkshire does not invest in technological businesses on a regular basis, despite holding a $161.2 billion position in Apple Inc. at the end of 2021. (NASDAQ:AAPL). Buffett views Apple as a more consumer-oriented firm.


"Berkshire Hathaway is a globally renowned investor, and we are pleased to welcome them as an investor," HP stated in a statement.


HP, which was spun out from the previous Hewlett-Packard in 2015, is benefitting from growing demand as more individuals work and educate themselves from home.


The Palo Alto, California-based corporation agreed to acquire Poly, formerly known as Plantronics (NYSE:POLY), for $1.7 billion last month.


Buffett has struggled to invest Berkshire Hathaway's capital, which reached $146.7 billion at the conclusion of the fiscal year, citing high valuations and competition from private equity and other investors.


However, the Omaha, Nebraska-based conglomerate said last month that it had committed nearly $22 billion to significant new investments.


These acquisitions include a 14.6 percent interest in Occidental Petroleum Corp (NYSE:OXY) and a $11.6 billion acquisition of insurer Alleghany (NYSE:Y) Corp, Berkshire's biggest since 2016.


Additionally, Berkshire owns a number of enterprises, including Geico car insurance and the BNSF railroad.


It did not reply to demands for comment immediately.


HP may appeal to Berkshire, according to Morningstar analyst Mark Cash, because the company is aggressively returning capital to shareholders through stock buybacks and increased dividends.


"HP plays in areas where (durably) accelerating growth is difficult, so concentrating on margins and returns is the best approach to reward shareholders," Cash said. "Within technology, HP is a bargain play."


In 2021, Berkshire Hathaway repurchased $27 billion of its own shares.



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