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Stock code: $NIO Inc (NIO.US)$
On pre-market trading on September 7, 2022, NIO Inc released its financial report for the second quarter of 2022. The financial report shows that NIO's Q2 revenue reached 10.29 billion yuan, higher than the market's expected 9.667 billion yuan, a year-on-year increase of 21.8%. It has seen positive year-on-year growth for nine consecutive quarters. The net loss attributable to ordinary shareholders of the company was 2.74 billion yuan, a year-on-year increase of 316.4% and a quarter-on-quarter increase of 50.4%.
In terms of the main business of vehicle sales, the sales revenue was 9.57 billion yuan, a year-on-year increase of 21%, but the gross profit was 1.34 billion yuan, a year-on-year decrease of 14.8%. In terms of vehicle deliveries, NIO delivered a total of 25,059 vehicles in Q2, including 3,681 ES8, 9,914 ES6, 4,715 EC6, and 6,749 ET7. The delivery volume increased by 14.4% compared to the second quarter of 2021 and decreased by 2.8% compared to the first quarter of 2022.
It is worth noting that NIO's gross margin this quarter continues to decline. However, the company attributes the decline in gross margin to the decrease in vehicle gross margin and the expansion of energy and service network investment. The gross margin in Q2 is 16.7%, which is much lower than the previous quarter's 18.1% and the same period last year's 20.3%. In addition, NIO's R&D expenses have also increased significantly. The company attributes this growth to an increase in personnel costs for R&D functions and an increase in design and development costs for new products and technologies. Q2 R&D expenses amount to 2.1495 billion yuan, an increase of 143.2% compared to the second quarter of 2021 and an increase of 22.0% compared to the first quarter of 2022.

Stock code: $Apple (AAPL.US)$
In the early morning of September 8th, Apple AAPL held a new product launch event, and the highly anticipated iPhone 14 arrived as scheduled. In the current economic environment challenged by rising interest rates, increasing fuel costs, supply chain pressures, and a soaring US dollar, the sales of iPhone 14 are crucial for Apple. This also shows whether the world's most valuable brand company can still win the support of a large number of Apple fans in a downturn economy.
Of course, as investors, what we care most about is how the stock price will be affected. We need to pay attention to the next quarter's financial report to see if iPhone 14 can turn the tide and deliver impressive financial results to drive up the US stock market.
Looking at the stock price trend, AAPL fell below the upward trend that started on the day of the gap-up opening in July 2020 in May 2022. Currently, the stock price has returned to the upward trend and has pulled back to the support of the trendline. Therefore, the price level of 154 is crucial for AAPL. If it falls below this level, AAPL will fall below its upward trend and could find support around the price level of 135. On the upside, the current resistance is around 180, which is the previous high.
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Remember the three major principles of CHIVEST retail investors: 😍
✅ Do not trade against the trend
✅ Do not buy stocks blindly.
✅ Do not buy stocks that you do not understand.
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Disclaimer ...

Stock symbol: $S&P 500 Index (.SPX.US)$
The S & P 500 index of US stocks opened lower yesterday, down 4.32 per cent, as both CPI price data, which represents inflation, and non-farm payrolls data, which represent employment levels, beat expectations.
CPI price level data representing inflation and non-farm payrolls data representing employment levels have created a perfect economic background (that is, there is no need to worry too much about the impact of interest rate increases on employment and the need for greater interest rate increases to control inflation). This has led the Fed to have more reason to announce greater interest rate hikes in the next FOMC to control inflation, leading the market to expect the Fed to abandon its previous expectations of 50 basis points. Move to a higher expectation of 75 basis points or even 100 basis points.
Due to the principle that the increase in interest rates led to a decrease in money in the market and stock prices fell, the US stock market poured down. From the point of view of the trend, SPX500 swallowed up the previous rebound after closing down 4 per cent yesterday. Now SPX500 has once again reached the support of the 3900 price and the short-term upward trend. If the subsequent stock price falls below this support again, we can see a lower price of 3700 or pre-low support. No one knows whether the market will fall below this support. As retail investors, we just need to follow the market. What we can see now is whether SPX500 as a whole is in a long-term or downward trend.