Takeaway Battle Intensifies, Meituan and JD.com Stocks Drop | Today's important news review
0422｜ Dolphin Research Focus:
🐬 Macroeconomics/Industry
1. Due to tariff policies causing trade tensions, investors are flocking to safe-haven assets, with gold prices hitting new highs. The confrontation between Trump and Powell continues to escalate, with Trump reiterating his demand for the Federal Reserve to cut interest rates immediately, suggesting that if the Fed does not act in time, the U.S. economy may slow down. Last night, the U.S. stock market saw a significant decline, while Chinese concept stocks showed relative resilience.
🐬 Individual Stocks
1. $JD-SW(09618.HK)$MEITUAN(03690.HK)
The dispute between Meituan and JD.com continues to escalate, with JD.com’s official Weibo account stating that a competing platform is forcing delivery riders to choose one of two options, claiming that all delivery orders exceeding 20 minutes will be free. Meituan quickly refuted this, stating that it has never restricted delivery riders' order choices. Meanwhile, JD.com is launching a massive subsidy program to lower prices while promoting friendly policies to attract riders to switch sides, even personally participating in delivery to earn a good reputation. JD.com's aggressive strategy has indeed won over many users, but it undoubtedly requires a significant financial investment, and whether it can achieve a break-even point remains uncertain. However, it will certainly urge Meituan to accelerate improvements in its competitive weaknesses. Today, Meituan fell nearly 5%, while JD.com dropped over 6%.
2. $Alphabet(GOOGL.US)
The U.S. Department of Justice demands that Google pay a heavy price for its monopolistic behavior, including three core measures: a court-mandated sale of the Chrome browser, termination of agreements that grant its search engine default status on smartphones and other devices, and a requirement to provide data access to competitors. Additionally, if the conflict escalates, the cooperation between Google and Apple may also be affected. Google needs to pay Apple a significant amount each year to ensure its search engine becomes the default option for the Safari browser, and any disruption in this cooperation could impact Apple's profits.
2. Core Focus on Earnings Report Interpretation and Conference Call
GoerTek:《 Where is GoerTek's path amid "VR failure" and tariff "betrayal"?》Tonight, China Mobile will announce its financial report, and Dolphin Research will track and provide interpretative analysis.
🐬 Leading Sectors
Shanghai and Shenzhen: Trading and payment services, consumer finance, distributors;
Hong Kong Stocks: Trading and payment services, diversified metals and mining, medical devices;
U.S. Stocks: Tires and rubber, gold, precious metals, and minerals.
🐬 Attention: Next Monday
1. Tesla and New Oriental will announce their financial reports.
2. U.S. S&P Global Manufacturing PMI preliminary value, U.S. S&P Global Services PMI preliminary value.
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