U.S. Stock Market Midday Update

Zeta Network rose 17.50%. Based on recent key news:

1. On July 30, Zeta Network announced a structure combining traditional equity and cryptocurrency settlement, which may attract more investors and drive up the stock price. Source: Zhitong Finance

2. On July 29, HRT Financial purchased 30,854 shares of Zeta Network common stock in the open market, with purchase prices ranging from $0.27 to $2.54, demonstrating confidence in the company's stock. Source: CaiLianShe

3. On July 29, analysts reassessed Zeta Network, believing that its use of Cayman exemptions from certain NASDAQ rules affected listing safety and financial transparency, although no specific price target was provided. Source: Wall Street Insight on recent macroeconomic variables affecting market volatility.

Stocks with High Trading Volume in the Industry

K12 International School fell 13.54%. Based on recent news:

1. On July 30, Stride Inc. announced a CEO change, with Robert Knowling taking over as CEO, following the resignation of former CEO James Rhyu. This news raised market concerns about the stability of the company's leadership, leading to a significant drop in stock price.

2. On July 30, the company released preliminary financial reports, expecting total revenue of $2.52 billion and net income of $338.2 million for fiscal year 2026. Despite financial data showing growth compared to last year, it failed to alleviate market concerns about the company's future development, and the stock price continued to decline.

3. On July 28, analyst ratings showed that Stride Inc. currently holds a rating and is not included in the top recommended stocks list, with the market taking a cautious stance on the company's prospects, further exacerbating the stock price decline. The education technology sector has recently shown weak performance, and market sentiment remains cautious.

New Oriental fell 3.36%. Based on recent key news:

1. On July 29, New Oriental announced its fourth fiscal quarter results, with net revenue increasing by 23% year-on-year and net profit attributable to shareholders rising by 775.8% year-on-year. However, Non-GAAP net profit decreased by 10.5% year-on-year, leading to increased market concerns about its profitability, causing the stock price to drop. Source: Zhitong Finance

2. On July 30, Citigroup and Goldman Sachs released research reports reaffirming New Oriental's "Buy" rating but pointed out that the shareholder return plan may lead to increased tax expenses, affecting profit expectations. This news raised investor concerns about future profitability, putting pressure on the stock price. Source: Citigroup, Goldman Sachs

3. On July 30, the Hong Kong education sector overall strengthened, but New Oriental's stock price adjusted due to a rapid increase in a single day. Analysts advised caution in chasing high prices, leading to short-term stock price volatility. Source: Viewpoint Network, Zhitong Finance The education industry faces intensified competition and increased policy risks TAL Education Group rose by 13.09%. Based on recent news,

4. On July 30, TAL Education Group announced its Q1 fiscal year 2027 financial report, with net revenue increasing by 31.9% year-on-year to USD 758.4 million, and net profit soaring by 1204.3% year-on-year to USD 408 million, driving the stock price up.

5. On July 30, analysts generally raised TAL Education Group's target price, with the average target price increasing from USD 15.84 to USD 16.15, indicating a potential upside of about 48%, enhancing market confidence.

6. On July 29, Time magazine released its list of the world's top educational technology companies for 2026, with TAL Education Group included in the list, demonstrating its competitiveness in the global edtech field and further boosting the stock price. The edtech industry is highly competitive, and the macroeconomic environment is stable.

Stocks ranked among the top in industry market capitalization

Pearson fell by 1.50%. Based on recent news,

1. On July 29, Pearson announced the winners of the annual Certiport Adobe Certified Professional World Championship. The event aims to discover and recognize the next generation of design professionals, attracting 56 finalists from 27 countries. Despite the successful event, it failed to significantly boost the stock price.

2. On July 29, Pearson announced the champion of the 13th Certiport Adobe Certified Professional World Championship in Hoboken, New Jersey. Although the event showcased students' skills in Adobe programs, the market reaction was tepid, and the stock price did not see a noticeable increase.

3. On July 29, Pearson released a statement indicating that 53% of employers globally struggle to find graduates with AI skills. Despite Pearson's commitment to providing rich learning experiences, this news did not significantly impact the stock price. The education industry is highly competitive, and the market response was muted