1. Rockwell Automation (ROK)
Rockwell Automation is a global leader in industrial automation and information solutions, focusing on providing advanced automation control systems and services for manufacturing.
2. NVIDIA (NVDA)
NVIDIA is a globally renowned graphics processing unit (GPU) manufacturer, with its high-performance computing technology widely used in the fields of artificial intelligence, machine learning, and robotics.
3. Emerson Electric (EMR)
Emerson Electric focuses on providing automation solutions as well as business and residential solutions, with its products widely used in the fields of industrial automation and robotics.
4. Intuitive Surgical (ISRG)
Intuitive Surgical is a global leading supplier of surgical robotic systems, with its Da Vinci surgical system widely used in minimally invasive surgeries.
5. Honeywell International (HON)
Honeywell is a diversified technology and manufacturing company, with business operations covering aviation, automation control, special materials, and technological solutions, holding a significant position in the field of intelligent manufacturing and industrial automation.
6. Teradyne (TER)
Teradyne focuses on developing automation testing equipment and industrial automation solutions, providing industrial equipment for automating repetitive tasks for industries such as Semiconductors, Autos, Aviation, etc.
...

Intuitive Machines, Inc. (LUNR)
Company Profile
The U.S. company Intuitive Machines focuses on commercial lunar exploration and space infrastructure construction, aiming to provide lunar surface services to NASA and other commercial customers. Established in 2013, headquartered in Houston, Texas.
Core business
1. Lunar lander development
• Nova-C Lunar Lander
Core product, used for transporting scientific instruments and other payloads to the lunar surface.
Based on NASA's Common Modular Platform design, it supports a variety of lunar scientific and commercial missions.
2. Lunar surface data services
• Provide data analysis and communications services on the lunar surface, supporting future lunar bases or scientific research.
• The company's Lunar Data Network provides seamless ground-to-ground communication for lunar missions.
3. Lunar Logistics and Resource Utilization
• Provide transportation services to deliver payloads to lunar orbit or surface, supporting commercial applications.
Explore lunar resources, such as water ice, for future energy and propellant sources.
Partners and competitors
Partners: NASA, SpaceX
• ...

The most certain thing in the market next year is that volatility will increase, in addition to Trump's policies and the Fed's slowing rate cuts, there is another thing to pay attention to, which is the composition of the Federal Reserve Committee. Bloomberg pointed out that next year, members of the committee may have greater disagreements in their votes than this year.
Every year, the Federal Open Market Committee FOMC of the Federal Reserve rotates. In 2025, Collins of the Boston Fed, Musaileyumma of the St. Louis Fed, Schmitz of the Kansas City Fed, and Goolsbee of the Chicago Fed will become rotating voters. According to the evaluation of InTouch Capital Markets, Goolsbee is the most dovish, while Schmitz and Musaileyumma are quite hawkish. Bloomberg's Anna Wong's team pointed out that according to their analysis, the views between the voters in 2025 will be more polarized, with fewer tending towards the center, so Powell's unifying work will be more difficult, and it is expected that next year the Fed will also have more uncertainty and more disagreements in voting.
Bloomberg pointed out that the current Federal Reserve is in a more uncertain environment. Although inflation has declined significantly, it still remains above the Fed's target, and there will be various policy impacts from Trump in the future. The neutral interest rate is also uncertain, so officials do not know whether a rate cut will be needed in the future, and if so, how much it should be cut to prevent the previous anti-inflation efforts from being in vain. This, coupled with a more diversified committee, will undoubtedly make it more difficult to determine the Fed's actions next year.

The ultimate choice in life: being busy living or being busy dying.
"It comes down to a simple choice. Get busy living or get busy dying." — "The Shawshank Redemption"
The market always trend upwards in the long term, so stick to buying for the long term.
How long is long term? At least 30-40 years, not just yesterday and today.
There are many things in life that are more beautiful than staring at the market every day.

The Christmas market trend officially starts today (December 24) and lasts until the first two trading days of January.
Take a quick look at the statistics:
• Historically, there is a 76%-80% probability of an increase.
Since 1950, the S&P 500 Index has achieved positive returns in 58 out of 73 years (approximately 79.2%).
During this period, the average increase of the S&P 500 Index is about 1.3%-1.4%, slightly rising to 1.4% in the long run (1950 to 2023).
From 1999 to 2023, 76% of rebounds have brought profits, with an average return of 1.7% at the time of occurrence.
From @wallstengine

The lawsuit between chip companies Qualcomm and ARM has come to a conclusion, with Qualcomm winning the case and being able to continue selling chips based on the ARM architecture. In October, ARM revoked a crucial license from Qualcomm, leading to lawsuits between the two companies. The core of the lawsuit revolves around a company called Nuvia, which had acquired a license from ARM before being bought by Qualcomm. In theory, this usage right should now belong to Qualcomm. However, ARM disputes this claim, stating that it violates the contract and that Qualcomm must renegotiate. Furthermore, ARM also insists that the chip designs from before Nuvia's acquisition must be destroyed and not used by Qualcomm. These chips are crucial, widely used in products such as Microsoft's Surface computers.
However, in Qualcomm's victorious lawsuit this time, there remains an unresolved question of whether Nuvia violated the contract before the acquisition. This aspect is still pending, indicating that there may still be variables in the case, and ARM could potentially use this as a point to challenge the ruling.

1. Quantum Computing (QUBT.US)
Year-to-date cumulative increase: 1892% (QUBT increased nearly 19 times within the year)
Recent highlights: Won the NASA contract, responsible for processing interferometric imaging data.
2. Rigetti Computing (RGTI.US)
Year-to-date cumulative increase: 1012%
Features: Known as the 'NVIDIA of the quantum computing industry'.
3. D-Wave Quantum (QBTS.US)
Year-to-date cumulative increase: 826%
Latest development: Obtained procurement certification from the US Department of Defense, expanding government and enterprise markets.
4. Quantumscape (QMCO.US)
Year-to-date cumulative increase: 574%
Financial progress: EBITDA breakeven in the second quarter after adjustments, reducing non-GAAP operating expenses by 9%.
5. SEALSQ Corp (LAES.US)
Cumulative increase since the beginning of the year: 283%
Focus area: Post-Quantum Cryptography, developing hybrid solutions and anti-quantum hardware.
6. IonQ Inc (IONQ.US)
Cumulative increase since the beginning of the year: 234%
Application Scenarios: Collaborating with AstraZeneca to demonstrate the value of Quantum Computing in drug research and engineering simulations.
7. Arqit Quantum (ARQQ.US)
Year-to-date cumulative increase: 161%
Technological breakthrough: Quantum encryption technology protects communication channels, resisting future network attacks.
8...

1. Current market analysis (Morgan Stanley's perspective):
• Market breadth narrowing:
After entering October, the market breadth index rapidly declined.
The company's unemployment rate data and CPI index exceeded expectations, further dampening market optimism.
Investors are beginning to flock to higher quality stocks, which typically have solid performance (high-quality indicators).
The importance placed on high-quality stocks:
Morgan Stanley recommends investors to continue selecting stocks with stable growth and quality indicators, and to avoid individual stocks with strong speculation or high volatility.
2. Market Phenomena and Risks:
Institutions' herding effect:
More and more institutions tend to consistently increase their holdings in well-performing stocks, while swiftly selling off poorly performing stocks.
The herding effect may cause the phenomenon of local stock price fluctuations, but once the market reverses, the risk will be very high.
Market liquidity crisis:
The depletion of the Federal Reserve's reverse repurchase tool (RRP) and insufficient liquidity pose a threat to the stock market.
The reverse repurchase tool has helped alleviate market liquidity pressures, but as the tool shrinks, overall market liquidity may further deteriorate.
3. Historical Comparison:
• Current Market vs. Internet Bubble in 2000:
• From 1995 to 1999, the Federal Reserve maintained loose monetary policy, leading to a frenzy in capital for Technology stocks.
After 2000, the policy tightened, the bubble burst, and the technology stocks' valuation plummeted significantly.
Morgan Stanley...