Today's Important News Review | Dolphin Investment Research

1107 Dolphin's Key Focus:

🐬 Macro/Industry

1. The results of the U.S. election have come in, with Trump reclaiming the presidency, leading to a strong rise in the U.S. dollar. Last night, European stock markets collectively fell, but today the Hong Kong and A-share markets remain very optimistic. The consumer sector has surged, and Dolphin wrote a comment this morning: the valuation of the consumer sector is at a low point, so Dolphin believes this is a window period for positioning in pro-cyclical sectors, suggesting attention to consumer stocks with good fundamentals and low valuations. Additionally, more importantly, an important meeting tomorrow and a rate cut on Friday are on the way, with the market speculating on a series of unexpected stimulus policies tomorrow. Specific details will be revealed after tomorrow's policies are announced, which may lead to another wave of volatility.

2. China's exports in October, measured in U.S. dollars, saw a significant year-on-year increase of 12.7%, exceeding market expectations and reaching the highest level in 27 months. The trade surplus hit the third-highest level in history. In the first ten months of this year, China's total goods trade import and export value reached 36.02 trillion yuan, a year-on-year increase of 5.2%, indicating stable growth in foreign trade.

🐬 Individual Stocks

1. Dolphin's Key Tracking of Earnings Reports and Conference Calls

Qualcomm: “AI PC Shows ‘Signs’, Is Qualcomm's Second Spring Coming?”, “Qualcomm: Has Entered the $700 PC Market (FY24Q4 Conference Call Summary)”

SMIC will announce its earnings report tonight, and Dolphin will track and provide analysis, welcome to follow.

🐬 Leading Sectors

Shanghai and Shenzhen: Financial exchanges and data, diversified financial services, asset management, and custodial banks;

Hong Kong Stocks: Investment banking and brokerage, textiles, system software;

U.S. Stocks: Security and alarm services, regional banks, investment banking, and brokerage.

🐬 Attention for Tomorrow

1. China's M2 money supply year-on-year, U.S. Federal Reserve interest rate decision (upper limit), U.S. one-year inflation expectation preliminary value;

2. Earnings reports from Rivian, ABNB, Block, Unity, and Block.

Risk disclosure and statement for this article: Dolphin Investment Research Disclaimer and General Disclosure