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On May 26, JTTECH Technology-P (07666.HK) issued an announcement stating that it has recently noticed certain media reports claiming that the China Securities Regulatory Commission (CSRC) has issued supplementary information disclosure requirements to 38 companies, including the company itself. The company hereby clarifies and emphasizes that the information regarding the company in these media reports is inconsistent with the facts and misleading. Since receiving the filing notice from the CSRC, the company has not received any notification from the CSRC requesting supplementary information.Jefferies raised its target price for Marathon Petroleum (MRO.N) from $279 to $296.Jefferies: Raises its price target for Phillips 66 (PSX.N) from $173 to $191.On May 26, according to South Koreas Joint Chiefs of Staff, North Korea launched an unidentified projectile into the western waters of the Korean Peninsula. North Korean officials have not yet released any official statement on the matter.On May 26th, Shengfa Report maintained its target price of HK$273 for Hesai-W (02525.HK) in Hong Kong and US$35 for its US-listed shares, reiterating its "Buy" rating. Goldman Sachs stated that following the Q1 2026 results, based on orders and guidance provided by current management, SGI revenue is projected to slow to RMB 1 billion by 2027-2030 due to market uncertainty. The bank raised its net profit forecast for 2026-2030 by up to 14%. Therefore, it maintained its target price and rating. The report noted that the companys Q1 revenue and gross profit met expectations, while EBIT exceeded Goldman Sachss expectations by 47% and market expectations by 63%, primarily due to lower operating expenses. Furthermore, Hesai Technology launched the SGI segment, which is expected to generate approximately RMB 100 million in revenue in 2026 and aims to reach RMB 500 million by 2027. SGI is also expected to achieve higher recurring revenue and thus higher profit margins through the use of software and platforms. Looking ahead to the next few quarters, the bank expects sales volume, profit margins, and profitability to gradually improve. For the full year 2026, revenue is expected to grow by 50%, with a gross margin of 40%. Given the continued operating leverage, EBIT is expected to increase by 139% year-on-year in 2026, and the EBIT margin is expected to improve from 9% in 2025 to 15%.

S&P 500 Price Forecast – S&P 500 Futures Pulled Back

Skylar Shaw

May 17, 2022 10:29

Analysis of the S&P 500

During Monday's trading session, the S&P 500 dipped slightly as the futures market remained very volatile. It's understandable that we'd prolong the broader slump by pulling back in this manner. After all, inflation, a weakening economy, and, of course, contagion from other markets are still major worries. Large funds are being forced to sell other holdings to compensate losses, which has a "knock-on" impact.


I expect a lot of resistance between 4100 and 4150. The commotion continues all the way to the 4300 level, where the 50 Day EMA is now trading. To put it another way, we have a lot of potential opposition to overcome in order to shift the general trend, and I honestly don't see myself buying this market anytime soon. On the downside, we might soon turn our attention to the 3900 level, which has previously provided some support.


Breaking through the hammer just below there would open the floodgates to further lower prices, which, to be honest, wouldn't surprise me at this point. It's worth noting that the Friday candlestick was bullish, but with minimal volume, and was most likely a "short covering rally" going into the weekend. Only volatility can be predicted.

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