Win the 3400 offensive and defensive battle! Waiting for Tencent's earnings report tonight | Today's news review

Good afternoon, everyone! I am Dolphin Jun.

Today, the market opened lower, fluctuated, and then rose, with the Shanghai Composite Index stabilizing above 3400. Both the Shanghai and Shenzhen markets closed higher, while the Hang Seng Index fell by 0.08%. There are no significant news catalysts, so pay attention to tonight's U.S. CPI announcement.

A-shares led by state-owned enterprises are rising. The 2024 Global 6G Development Conference will be held in Shanghai from November 13 to 14, 2024, with the theme "Navigating a New Journey - Looking Ahead to the Frontier of 6G Standards." Stocks related to 6G concepts have been driven up. China Mobile, which Dolphin Jun is paying attention to, also benefited with a rise of over 4%.

Here are some key stock news that Dolphin Jun is focusing on today :

1. $Tesla(TSLA.US) Trump announced that Musk will lead the Department of Government Efficiency (abbreviated as DOGE), paving the way for dismantling government bureaucracy, reducing excessive regulation, cutting wasteful spending, and restructuring federal agencies. Since Trump's administration, Musk's political influence has been unprecedentedly amplified, and Tesla's stock price was once wildly speculated by the market. Now, as investors begin to take profits, the stock price has cooled down in the short term.

2. $NVIDIA(NVDA.US) . Jensen Huang, CEO of NVIDIA, announced at the NVIDIA Japan Summit that the company will collaborate with SoftBank to build AI infrastructure in Japan, including the largest AI factory in Japan.

3. Last night, several companies released their financial reports. For detailed interpretations and summaries, see:

Sea:《 Sea: Is Southeast Asia's Little Tencent Becoming "Little Sweetheart"?》、《 Sea: How to View Subsequent Growth (3Q24 Conference Call)》,

Spotify:《 Spotify: The Positive Feedback from Price Increases is Here》、《 Spotify: Partnering with TTD, Gradually Shifting from Brand Advertising to Performance Advertising (3Q24 Conference Call Summary)》。

Tencent Music:《 Tencent Music: How Far Can the Price Increase Logic Go?》、《 Tencent Music: What is the Progress of the Next Growth Driver SVIP?(3Q24 Conference Call Summary) 》。

Tonight, Tencent will release its financial report, and Dolphin will continue to track and provide interpretative analysis.

Key Focus for Tomorrow:

1. In terms of economic data, pay attention to tomorrow night's U.S. PPI month-on-month and year-on-year rates.

2. In terms of financial reports, focus on JD.com, Bilibili, NetEase, Disney, ZEEKR releasing their financial reports.

The risk disclosure and statement of this article: Dolphin Investment Research Disclaimer and General Disclosure