$MEITUAN-W(03690.HK)$ US stocks declined before the market last night due to Eagle King's proposal to continue raising terminal interest rates. Technology stocks also opened 3% lower. After opening, Baba had a big V, pulling a 10% + 8% increase. China Securities rose to prominence, and the NASDAQ was also driven. At the end of the session, the NASDAQ continued to rebound, but it was not as strong as China Securities. The NASDAQ index continued to rebound, but it was not as strong as China Securities. If today the NASDAQ index crosses yesterday's low, it is still generally still falling. The market is still weak; back in terms of Hong Kong stocks, although half positions and short orders were reduced yesterday, all short-term orders were reduced, but there are still Some individual stock short orders are 350 points high today, and they are preparing to break out of the 4th wave and have limited room to rise. However, the short-term players will still have to actively close the remaining short orders. It is expected that the opening will rebound slightly and then rebound. When stepping back, they can be leveled off. In the short term, backhands will continue to increase until they break through 17700 again to form a top/sideways movement. Note that the middle line will continue to lock up positions. The future will definitely fluctuate sideways and slowly form a top/sideways movement. Just go back and forth in the short term. The intraday support level is 18200, the pressure level 18500 $TRIP.COM-S(09961.HK)$ $TENCENT(00700.HK)$

$Tesla(TSLA.US)$ What's going on recently? Due to high expenses, the net profit side declined sharply. Nvidia's net profit for the third quarter was only 680 million yuan, a sharp drop of 72% over the previous year.
Some investors calculated valuations based on Nvidia's net profit for the past 4 quarters and came up with a dynamic price-earnings ratio of 66 times. Based on this, they think the bubble is serious.
This valuation method is completely wrong. For cyclical stocks, when the price-earnings ratio is calculated when the industry is sluggish, it will appear unusually high, yet this slump is only a temporary phenomenon, so investors don't have to worry about Nvidia's declining net profit.
Going back to the guidelines for the fourth quarter, management expects revenue to be 6 billion US dollars, fluctuating 2% up and down, and the median forecast is slightly lower than the market's forecast of 6.09 billion dollars.
The good news is that the gross margin guideline for the fourth quarter was 63.2%, which is significantly higher than the past two quarters.
At the performance meeting, management believes that after the end of the fourth quarter, channel inventory for game products is expected to return to normal levels, and revenue is expected to increase sequentially.
This validates analysts' conjecture that inventories peaked in the third quarter. According to Nvidia's performance in the semiconductor downturn cycle in 2018, once inventories begin to decline, stock prices are expected to bottom out: considering that after the Fed raised interest rates, the world economy may fall into recession. Currently, the market predicts that the PC market may still decline by 5%-10% in 2023. Therefore, it will still take time for semiconductors to resume growth after going through dark times. During this period, it may be difficult for Nvidia to perform.
Perhaps Berkshire built a large warehouse for TSMC in the third quarter, or they also think that the third quarter was semi-conductive...

$Meta Platforms(META.US)$ High costs caused a sharp decline in the net profit side. Nvidia's net profit for the third quarter was only 680 million, a sharp drop of 72% over the previous year.
Some investors calculated valuations based on Nvidia's net profit for the past 4 quarters and came up with a dynamic price-earnings ratio of 66 times. Based on this, they think the bubble is serious.
This valuation method is completely wrong. For cyclical stocks, when the price-earnings ratio is calculated when the industry is sluggish, it will appear unusually high, yet this slump is only a temporary phenomenon, so investors don't have to worry about Nvidia's declining net profit.
Going back to the guidelines for the fourth quarter, management expects revenue to be 6 billion US dollars, fluctuating 2% up and down, and the median forecast is slightly lower than the market's forecast of 6.09 billion dollars.
The good news is that the gross margin guideline for the fourth quarter was 63.2%, which is significantly higher than the past two quarters.
At the performance meeting, management believes that after the end of the fourth quarter, channel inventory for game products is expected to return to normal levels, and revenue is expected to increase sequentially.
This validates analysts' conjecture that inventories peaked in the third quarter. According to Nvidia's performance in the semiconductor downturn cycle in 2018, once inventories begin to decline, stock prices are expected to bottom out: considering that after the Fed raised interest rates, the world economy may fall into recession. Currently, the market predicts that the PC market may still decline by 5%-10% in 2023. Therefore, it will still take time for semiconductors to resume growth after going through dark times. During this period, it may be difficult for Nvidia to perform.
Perhaps Berkshire set up large positions for TSMC in the third quarter, or they also think the third quarter was the lowest point for semiconductors...

$MEITUAN-W(03690.HK)$ Alphabet's stock has reached a ten-year buying opportunity
Tech stocks are trading below market prices.
Stock market downturns come and go, but the opportunities they present to investors can bring benefits that last a lifetime. Take Alphabet (GOOG 2.80%) (GOOGL 2.86%) as an example. The stock is down more than 35% from its all-time high, but its business is going through a cycle that has been experienced more than once.
Investors need to be willing to seize these huge opportunities, as the impact of stock recovery on portfolios is impressive. The market is full of opportunities, and Alphabet is one of the top stocks.
A normal business cycle
Companies that make money from advertising are naturally affected by the broader business cycle. When the economy slows down and companies tighten spending, advertising budgets are one of the first areas to be cut, mainly because of how easy it is to cut spending compared to cancelling projects or layoffs. Since nearly 80% of Alphabet's revenue comes from advertising, it has been seriously affected by this cycle.
This trend was reflected in Alphabet's third-quarter earnings report: its advertising revenue grew by only 2.5%. YouTube has taken a step back in advertising, with revenue falling 1.9% year over year. However, Google Search saw a 4.3% increase in ad sales.
Although these levels of ad growth are not as strong as investors would like to see, they are still better than many of Alphabet's ads...

$Hang Seng Index(800000.HK)$ Entering November, the Hang Seng Index had a cumulative rebound of 24%, and the Hang Seng Index had a cumulative increase of 32%. According to a report by brokerage China, it is generally believed that an important market index has risen more than 20% from its recent low, which is regarded as entering a “technical bull market.”
Seen from this perspective, the Hong Kong stock market, which has continuously experienced severe sell-offs, has entered a “technical bull market.” Furthermore, according to Wind data, by the close of trading on November 14, the total market value of the 30 constituent stocks of the Hang Seng Technology Index had recovered to HK$8433 billion, with a cumulative increase of over HK$1.6 trillion since November.
For most investors, the most intuitive proof that they are optimistic about the Hong Kong stock market is the continuous inflow of southbound capital since this year. In particular, the recent uninterrupted net inflow for more than 20 consecutive trading days has strengthened bullish expectations. Recently, large inflows of capital to the south have continued, and it is clear that there is an intention to cut back on leading companies, including the Internet, pharmaceuticals, and new energy vehicles $KUAISHOU-W(01024.HK)$ $BABA-SW(09988.HK)$

$MEITUAN-W(03690.HK)$ It is worth noting that most global stock markets have experienced positive growth in the past two weeks, while Hong Kong stocks have clearly led the global stock market. Yan Xiang, an analyst at Fangzheng Securities, believes that looking back at the market trend of major stock indices after the end of several sharp declines in the global stock market since 1970, it can be found that Hong Kong stocks have declined significantly during the previous sharp declines, but the rebound was also stronger after the collapse ended. In particular, in the medium term of three to six months, they showed characteristics of high elasticity. Yan Xiang believes that industries with high growth attributes in Hong Kong stocks, such as information technology and healthcare, have ranked high in terms of growth in previous market reversals. In the three months after the end of the sharp decline in 2000, the Hong Kong stock information technology industry rose 39%, ranking 3rd in the 33 industry indices of Hong Kong stocks, A-shares, and US stocks; in the three months after the 2008 crash ended, the Hong Kong stock information technology industry rose 31%, ranking 3rd; in the three months after the collapse ended in 2020, the Hong Kong stock healthcare industry rose 43%, ranking 5th. According to Jinglin Asset's latest report, short-term liquidity problems combined with fluctuating foreign confidence caused some leading companies in the industry to experience a rare concentrated decline. The relative competitiveness and fundamentals of these companies did not change much, but the market value changed nearly 40% within two months. The current valuation level can be said to be a rare undervaluation. In particular, the market value of Chinese companies listed overseas has fallen to the point where the market value of some companies is well worth privatizing.
Jing Lin also said that seeing the group was very...

$Tesla(TSLA.US)$ Michael J. Wilson, the “biggest short on Wall Street,” firmly supports the rebound in US stocks, saying that S&P may be pushed up to 4,300 points, but it still leaves a “retreat” for himself. He said that if it fails to maintain the 200-day moving average, the rebound will not be possible. After the US CPI data was released on Thursday, “Wall Street's biggest short” Michael J. Wilson continued to bullish on US stocks, stressing that this wave of rebound is not over. Starting a month ago, his name “Wall Street's biggest short” may have become a thing of the past.
Wilson is one of the most famous bearish people on Wall Street. He accurately predicted the collapse of US stocks this year, but starting October 17, Wilson began to strongly support the “technical” rebound in US stocks. He wrote in his report that the S&P 500 index has fallen 25% this year and is testing the “important support bottom” of the 200-day moving average. This may trigger a technical rebound. It is speculated that the S&P 500 index may rise to 4150 points.
Less than a month later, on November 11, in a media interview after the release of the US CPI data that fell short of expectations, Wilson said that once the S&P 500 breaks through the 200-day moving average (currently around 4081 points), it may push the rebound to 4,300 points, higher than the 4150 he had previously predicted. Wilson said:
I don't think the current rebound is over yet, and the current market will continue for a long time, so I may feel like...

$Apple(AAPL.US)$ A sharp fall in the stock market is a piece of gold to test stocks. When the market plummets, your individual stock prices will drop slightly. Obviously, institutions join forces and refuse to fall. Therefore, you can keep such tickets with confidence, and they will definitely be rewarded. If the market falls sharply, and your ticket falls sharply, and the market rises the next day, then it is likely that the main force is taking advantage of the market decline to wash the market. Stocks are very good. You can buy tickets like this when the market falls, and then sell them again. 2: If you are in the ultra-short term, you cannot buy a stock today if it falls within 30 minutes before the market opens but does not break through the opening price after the rebound. If within 30 minutes, it falls first and then rises without falling below the opening price, which indicates that the main force is washing the market. There is a high probability that it will rise in the afternoon. You can buy it at a lower time in the morning, wait for it to rise before selling. 3: Newbies don't understand trading. The easiest and easiest method is to break the 5-5 line in the short term, then exit the 20-20 line, and break out. There are many types that suit you, but the best one. The difficult part is not that there is no way; what is difficult is execution. If you don't have a brain and stick to repeating a method, more than 90% of people can do it. 4: Before the stock price rises, the main force will definitely have an operation, which is to sell off their lock. If there is no movement in the morning, but it suddenly skyrockets in the afternoon, it is likely that the main force is testing the waters, so let's see. Now is your chance! 5: Once there is a main upward wave but there is no obvious trading volume, enter the market resolutely, reduce the upward and upward holdings, and the shrinking downward trend does not break the holdings...

$Meta Platforms(META.US)$As the economy is poor, large layoffs can be used as a short-term boon for meta. What we are comparing now is not whether the company can make more money than expected, but which one will save money. Everyone is saving money, and meta is even cheaper than most companies. Just like everyone wears cotton-padded jackets and big underpants in the cold winter, meta wears a big V-collar miniskirt and immediately stands out from the crowd. Meta layoffs are officially announced: a total of more than 11000, accounting for about 13% of the company's total employees. This is the first round of mass layoffs in the social media giant's history.
On Wednesday, local time, Meta CEO Zuckerberg confirmed the scale of the overall layoffs, accounting for about 13% of the total number of employees, bringing the total to 11000. The company will also extend the hiring freeze into the first quarter.