来源｜中国基金报 记者｜泰勒 纳斯达克交易所，加入了延长交易时间的队伍。 纳斯达克计划推出24小时股票交易 迎合全球投资者需求 3月7日晚间，纳斯达克公司计划在其股票交易所推出24小时交易服务，以满足全球市场对美国股票日益增长的需求。这一举措标志着又一家交易所 加入了延长交易时段的行列。 据纳斯达克总裁塔尔·科恩（Tal Cohen）透露，该公司计划在每周五个交易日内提供全天候交易，并预计在2026年下半年正式启动。这一计划仍需 获得监管批准，并与行业其他参与者协调一致。科恩在LinkedIn发布的帖子中提到，纳斯达克将积极推进该计划的落地。 这一举措紧随其他交易所的类似计划。Cboe Global Markets上个月表示，计划将其股票交易时间延长至每周五天24小时，前提是获得监管批准。 此外，纽约证券交易所去年10月也提交了申请，计划在工作日提供22小时交易服务。 为何这么做？ 科恩在文章中指出， 近年来，散户投资者的积极参与极大地改变了全球投资格局。主要地区经济体的财富积累降低了市场准入门槛，全球投资者渴 望共享经济增长红利，使他们比以往任何时候都更加关注美国市场。 科恩指出，来自不同时区的散户投资者对 ...

Core Insights - Super Micro Computer (SMCI) has successfully filed its quarterly and annual financials on time, alleviating fears of delisting from the Nasdaq exchange [1][3] - The company reported sales of $5.7 billion for the last three months of 2024, reflecting a 55% year-over-year growth, although this growth rate is declining compared to previous periods [4][5] - Updated guidance for fiscal 2025 projects sales between $23.5 billion and $25 billion, a significant reduction from the previous forecast of $26 billion to $30 billion [6] Financial Performance - Supermicro's gross profit margin remains low, dipping below 12% last year, which poses challenges for sustaining sales growth [7] - The company has reported profits in each of the past four quarters, indicating some positive financial performance despite low margins [8] Investment Considerations - While compliance with financial filing requirements has been regained, the slowing growth rate and potential rise in expenses due to external factors raise concerns about future profitability [9][10] - The current financial situation suggests that Supermicro may not be a safe investment at this time, with volatility expected in the stock [10]

Core Viewpoint - Nasdaq (NDAQ) shares are currently trading at a discount compared to the Zacks Securities and Exchanges industry, with a price-to-earnings ratio of 23.4X, slightly above the industry average of 24.12X [1] Financial Performance - Nasdaq has a market capitalization of $43.8 billion and has effectively maximized opportunities as a technology and analytics provider while growing its core marketplace business [1] - Year-to-date, Nasdaq stock has decreased by 1.5%, underperforming both the industry and sector but outperforming the Zacks S&P 500 composite [3] - The average price target from 18 analysts for Nasdaq shares is $90.56, indicating a potential upside of 18.9% from the last closing price [6] Growth Projections - The Zacks Consensus Estimate for 2025 earnings is $3.18 per share, reflecting a year-over-year increase of 12.8% on revenues of $5 billion, which is an 8.3% increase [7] - For 2026, the earnings estimate is $3.61 per share, indicating a 13.6% year-over-year increase on revenues of $5.4 billion, a 7.8% increase [7] - Nasdaq's expected long-term earnings growth rate is 12.3%, surpassing the industry's growth rate of 9% [7] Return on Capital - Nasdaq's return on equity for the trailing 12 months is 14.8%, which is higher than the industry average of 13.5% [8] - The return on invested capital (ROIC) has remained around 10% in recent years, with a trailing 12-month ROIC of 6.5%, exceeding the industry average of 5% [9] Strategic Initiatives - Nasdaq is focusing on generating more revenue from high-growth Market Technology and Investment Intelligence segments, along with increased R&D spending on higher-growth products [10] - The company anticipates strong growth from its index and analytics businesses, with medium-term revenue growth estimates of 5-8% for Capital Access Platforms and 10-14% for Financial Technology [11] - Nasdaq's strategic acquisitions have enhanced its access to the Canadian equities market and improved its technology offerings [12] Expense Management - Nasdaq has been experiencing higher expenses, leading to net margin contraction over time, with expected non-GAAP operating expense growth of 5-8% in the medium term [13] - A change in corporate structure is projected to incur pretax charges of $115-$145 million, with about 40% being non-cash charges, but the company expects annual run rate operating efficiencies and revenue synergies of at least $30 million by 2025 [14] Dividend Policy - Nasdaq has consistently increased its dividend annually and aims for a dividend payout ratio of 35-38% by 2027, with free cash flow conversion remaining above 100% in recent quarters [16]

Core Viewpoint - Wall Street is facing challenges due to tariff escalations and economic slowdown concerns, with the Nasdaq Composite Index entering correction territory after a 2.6% decline on March 6, down 10% from its record high on December 16 [1] Group 1: Market Overview - The Invesco QQQ ETF, a proxy for the Nasdaq, has also entered correction territory, dropping 10.8% from its recent peak, leading to significant losses for several stocks since the beginning of the year [2] - The ongoing tariff threats and retaliations are raising concerns about trade policies, which could negatively impact U.S. consumers and corporate profits, particularly for large U.S. exporters [4] - Data indicates a slowdown in the U.S. economy, with the Federal Reserve's Beige Book and the Institute for Supply Management's manufacturing reading reflecting fears of rising input costs due to tariff policies [5] Group 2: Affected Stocks - Marvell Technology (MRVL) has seen a stock price drop of about 35% since the start of the year, with a solid earnings estimate revision of 3 cents and an expected earnings growth rate of 29.01% [9] - PayPal (PYPL) has tumbled about 20% in the same timeframe, with an earnings estimate revision of 11 cents and an estimated earnings growth rate of 8% [10] - AppLovin Corporation (APP) has lost about 20% of its value in a month, with a positive earnings estimate revision of 73 cents and an expected earnings growth rate of 51.7% [12] - NVIDIA Corporation (NVDA) has dropped approximately 18%, with an earnings estimate revision of 18 cents and an expected earnings growth rate of 46.8% [13] - Lululemon Athletica Inc. (LULU) has lost about 9% in a month, with a positive earnings estimate revision of 4 cents and an expected earnings growth rate of 7.1% [14] Group 3: QQQ ETF Details - QQQ provides exposure to the 101 largest domestic and international non-financial companies listed on the Nasdaq, with 59.5% of assets in information technology and 20.2% in consumer discretionary [7] - QQQ has an AUM of $313.5 billion and an average daily volume of 29 million shares, charging investors 20 basis points in annual fees [8]

FORT WORTH, Texas, March 07, 2025 (GLOBE NEWSWIRE) -- Yesterday, Lottery.com Inc. (NASDAQ: LTRY; LTRYW) (“Lottery.com” or “the Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) determining that as a result of the closing bid price of the Company’s common share being $1.00 or above for the last twenty business days, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). Notably, the Company regained compliance with t ...

Core Viewpoint - Nasdaq has applied to regulators for a plan to allow trading five days a week, 24 hours a day, aiming to meet the growing interest from global investors, particularly from Asia, but faces various challenges and mixed opinions from market participants [2][4][11]. Group 1: Nasdaq's Proposal - Nasdaq has initiated discussions with regulators and key stakeholders to implement 24/5 trading, expecting to launch the plan in the second half of 2026 [4]. - The proposal requires approval from the U.S. Securities and Exchange Commission (SEC) before proceeding [6]. - Nasdaq's President Tal Cohen noted that while there is a demand for extended trading hours, there are significant hurdles related to risk management and liquidity [7]. Group 2: Market Context - Other exchanges, such as the New York Stock Exchange (NYSE), have also announced plans to extend trading hours, with NYSE's electronic Arca trading platform expected to offer 22-hour trading by 2025 [8]. - The average daily trading volume during non-standard hours has increased from approximately 700 million shares in 2021 to over 1.7 billion shares by January 2025 [14]. Group 3: Industry Challenges - Market participants have expressed concerns about the feasibility of 24-hour trading, including the need for exchanges to maintain a break for clearing transactions and system maintenance [13]. - Some companies listed on Nasdaq have reservations about the transition to 24/5 trading, particularly regarding liquidity and handling corporate announcements [14]. - The successful transition to a T+1 settlement cycle in 2024 has set a precedent for smoother changes in trading practices [16].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to perform their own research [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to understand these instruments fully before engaging in any trading activities [1]. - The website does not provide real-time information and may not guarantee the accuracy of the data presented [1].

Market Overview - Wall Street is experiencing significant declines, with the Nasdaq dropping over 4% week to date, while the Dow and S&P 500 have decreased approximately 2.9% and 3.6% respectively, marking their worst week since September 2024 [1][2] - The Nasdaq Composite fell 2.6% on March 6, 2025, entering correction territory, influenced by tariff tensions and competition in the AI sector [5] Tariff Implications - The recent market declines followed the implementation of U.S. tariffs on imports from Canada, Mexico, and China, leading to retaliatory measures from these countries [2] - President Trump announced a one-month tariff exemption for U.S. automakers complying with the USMCA, but this did not alleviate market uncertainty [3] - Treasury Secretary Scott Bessent's support for tariffs has heightened investor anxiety, contributing to market fatigue [4] Economic Outlook - Economic data suggests a potential contraction in Q1 2025, with the Federal Reserve Bank of Atlanta's GDPNow tracker predicting a 1.5% decline in GDP, down from a previous forecast of 2.3% growth [10] - The likelihood of a rate cut by the Federal Reserve in May has risen to 54%, which could benefit growth-focused indices like the Nasdaq [9] Technology Sector Dynamics - An equal-weighted basket of China's seven tech heavyweights, including Alibaba and Tencent, has gained over 40% this year, contrasting with a 10% decline in the Magnificent Seven stocks [7] - Alibaba's introduction of the QwQ-32B AI model, which requires less data than competitors, has contributed to the competitive landscape in the AI sector [6] Investment Opportunities - Analysts suggest potential gains for tech giants like Meta, Apple, and Amazon, despite the competitive pressure from AI advancements [14] - Amazon has announced a $100 billion investment in AI infrastructure for 2025, with a significant portion allocated to e-commerce operations [15] - For investors willing to take risks, Nasdaq-based ETFs such as Invesco QQQ Trust (QQQ) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) are highlighted as potential buying opportunities [16]

Core Viewpoint - A significant decline in the Nasdaq Composite index presents opportunities for value-oriented investors, particularly in defensive and utility sectors. Group 1: Market Overview - The Nasdaq Composite has experienced a decline of 10.7% from its peak on February 18, 2025, to its low on March 4, 2025, indicating a potential correction phase [2][3] - The uncertainty surrounding President Trump's tariffs has historically led to poor stock performance, reminiscent of the 2018 and 2019 tariff announcements [4] Group 2: Investment Opportunities - **Alphabet (GOOGL)** - Alphabet is highlighted as a strong investment despite its reliance on advertising, which constitutes 75% of its $96.5 billion sales in 2024 [7] - The company maintains a dominant position in the search engine market, with Google holding an 89% to 93% share globally [8] - Alphabet's shares are trading at less than 17 times forward earnings estimates, making it an attractive buy for long-term investors [9] - **York Water (YORW)** - York Water is characterized as a stable utility stock with predictable cash flows, making it a safe investment during market volatility [10][12] - The company has paid dividends every year since 1816 and has increased its quarterly payout for 28 consecutive years, currently valued at a 25% discount to its average forward P/E multiple over the last five years [13] - **Pfizer (PFE)** - Pfizer is positioned as a defensive investment, with a diverse portfolio of therapies ensuring consistent demand despite market corrections [15] - The company reported $63.6 billion in revenue for 2024, a 52% increase from 2020, and has recently acquired Seagen for $43 billion, enhancing its oncology pipeline [16][17] - Pfizer's forward P/E ratio is slightly above 8, with a dividend yield nearing 7%, making it an appealing option during market downturns [17] - **Sirius XM Holdings (SIRI)** - Sirius XM benefits from its legal monopoly in satellite radio, providing it with subscription pricing power [18] - The company generates 76% of its revenue from subscriptions, making it less vulnerable to economic downturns compared to advertising-dependent companies [19] - Sirius XM's forward P/E of 7.6 is significantly lower than its five-year average, and it offers a dividend yield of 4.6% [21]

Core Points - Graphjet Technology received a notice from Nasdaq regarding non-compliance due to delays in filing its Quarterly Report on Form 10-K and Annual Report on Form 10-Q [1][2] - The company has until April 29, 2025, to submit a plan to regain compliance, with a potential extension until July 14, 2025, if the plan is accepted [2] - Graphjet is actively working to complete the required filings [3] Company Overview - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells [4] - The company holds the world's first patented technology for recycling palm kernel shells into single-layer graphene and artificial graphite [4] - Graphjet aims to transform the graphite and graphene supply chain through sustainable production methods [4]