Today's Important News Review | Dolphin Investment Research
0926 Dolphin‘s Focus:
🐬 Macro/Industry
1. The Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and deploy the next economic work. The meeting proposed to "increase the intensity of countercyclical adjustments in fiscal and monetary policies" and "reduce the reserve requirement ratio, implement substantial interest rate cuts", sending a very strong signal to revitalize the economy. Coupled with multiple policy positives from the previous day, both the Hong Kong and A-share markets continued to rise today.
🐬 Individual Stocks
1. $Micron Tech(MU.US)
Micron Technology announced its financial report this morning, with performance exceeding expectations across the board. Annual revenue increased by 61% year-on-year, and quarterly revenue increased by 93% year-on-year. What's even more encouraging is the confidence in the future: based on strong demand and price increases for HBM3, Micron has raised its performance guidance for the next quarter and the full year. The impressive financial report quickly reversed the pessimistic investor sentiment from the previous quarter, with Micron soaring more than 15% after hours. The impressive financial data reflects the continued strong demand for AI, injecting more confidence into the global chip industry.
2. $Meta Platforms(META.US)
The annual event Meta Connect 2024 was held as scheduled last night, and Meta's first AR glasses Orion made its debut. According to Meta, the production cost of each pair of glasses is about $10,000 (approximately 70,000 RMB), making it possibly the most expensive AR glasses in history. The glasses weigh only 98g, allowing users to browse the web, watch short videos, and even play some simple 3D games when wearing Orion. However, it is not officially available for sale yet. Meta's stock price rose steadily after the event ended last night.
3. $Tesla(TSLA.US)
Tesla announced that its autonomous driving rental car Robotaxi will debut on October 10th, California time. Musk called it a "historic moment" on social media, stating that Tesla will quickly build a large fleet of autonomous driving vehicles, with the final scale expected to reach millions or even tens of millions. According to his plan, in addition to operating as autonomous driving rental cars, consumers can also purchase RoboTaxi and join the operating fleet to earn income
🐬 Leading Sectors
Shanghai and Shenzhen: Financial exchanges and data, human resources and employment services, diversified financial services;
Hong Kong: Brewing industry, real estate services, water and soft drinks;
US Stock Market: Independent power and renewable energy electricity producers, casino and gambling industry, semiconductor manufacturers.
🐬 Focus Tomorrow
1. US personal spending rate, US core PCE price index rate, US core PCE price index annual rate, US one-year inflation rate expectations final value.
Risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure