Hot news

• The minutes of the Fed meeting will come this week! Or reveal the tendency of the scale of the next interest rate increase.

After two weeks of turmoil on Wall Street, the Fed will release the minutes of its July monetary policy meeting on August 18, which may provide some clues as to what factors could prompt the Fed to tighten again in September. The Fed raised interest rates by 75 basis points for the second month in a row in July, the fastest pace of policy tightening since the early 1980s. Financial markets are betting between 50 and 75 basis points on the extent of the September rate hike, as the report shows that the job market is stronger than expected and inflation is lower than expected. Michael Gapen, an analyst at Bank of America Corporation, said that in terms of cost-benefit analysis, if the Fed tends to raise interest rates slightly, the inflation data may help it, but it may be difficult for the Fed not to raise interest rates by 75 basis points if the job market report is strong again.

• Set up obstacles indiscriminately! The United States imposes new export controls on four technologies, including EDA tools.

The U.S. Department of Commerce on Friday issued an interim final rule imposing new export controls on four technologies, including ECAD software needed to design GAAFET (full gate field effect transistor) integrated circuits; ultra-wide band gap semiconductors represented by diamond and gallium oxide; and pressure gain combustion (PGC) used in gas turbine engines.

• The House of Representatives of the United States voted to pass the inflation reduction bill

The U.S. House of Representatives passed the 2022 inflation reduction Act (Inflation Reduction Act) by a vote of 220 to 207 on Aug. 12, local time. The bill includes tackling climate change and expanding health care coverage. The next bill will be signed by President Joe Biden.

• Morgan Stanley: it remains to be seen that inflation reaches its peak, and it is too early for US stocks to usher in a turning point.

Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, said CPI fell from its previous high in July, easing some of the pressure on the Fed, but core inflation remains close to 6 per cent, three times the Fed's 2 per cent target and far from a sustainable level. Until the federal funds rate approaches core CPI, it will be hard for the Fed to slow the pace of rate hikes. Raising interest rates by 50 basis points is still the main expectation of the market, but the possibility of 25 basis points is very small. The recent rebound in the market is just a bear market rally. Policy slows economic growth, and in this context, corporate profits will decline. If profits in the s & p 500 fall by 10% to 15% over the next 12 months, the overall situation is not too bad.

• Us stocks reached their maximum inflow in eight weeks, but Bank of America said it was not hot yet.

Analysts in BofA's global research division noted in their weekly report on Friday that almost all of last week's investors were buyers. Global equity funds took in $7.1 billion in the week ended Aug. 10, while U. S. stocks inflows of $11 billion, the largest inflow in eight weeks.Analysts at Bank of America Corporation wrote in the same report that BofA's bull-bear index is still at its most bearish for the ninth week in a row.While this is often seen as a sign of buying, analysts warn that pressure on U. S. stocks remains.

Review of US stocks

• The index rose for the fourth week in a row, technology stocks rose collectively, and Tesla, Inc. rose by more than 4%.

The Nasdaq closed up 2.09% on Friday, the S & P 500 rose 1.73%, and the Dow rose 1.27%. On the weekly line, the Dow was up 2.92%, recording six consecutive weekly gains; the S & P 500 was up 3.26%, and the Nasdaq was up 3.08%, both of which recorded their fourth consecutive week of gains. It is worth mentioning that S & P's weekly four-day rise is the longest on record since November.

Star technology stocks rose collectively, with Tesla, Inc. up more than 4%, Apple Inc, Netflix Inc, Alphabet Inc-CL C and Amazon.Com Inc up more than 2%, and Microsoft Corp up more than 1%.

• Order backlog up to 2023, Tesla, Inc. North American market removed Model 3 long-lasting version

According to foreign media reports, in order to avoid customers waiting for too long to pick up the car, the US electric car manufacturer$Tesla, Inc. (TSLA.US) $Decided not to accept orders for Model 3 long-range electric vehicles from the United States, Canada and Mexico. The analysis shows that as the electric vehicle technology becomes more and more mature, more and more users begin to order electric vehicles. Coupled with rising gasoline prices and new laws beginning to limit subsidies for electric vehicles, electric vehicles are becoming more and more popular in the short term. Musk replied, "the waiting list is too long and the reservation will be resumed as our production capacity climbs." "

• The strongest tech giant! Apple Inc is close to recovering all the decline this year.

The near future$Apple Inc (AAPL.US) $The performance is very eye-catching, with the "big rebound" of Apple Inc's share price since June, the stock has nearly recovered all its losses during the year. Factors such as higher-than-expected results, ready new products, weakening market expectations for the Fed to raise interest rates, or the driving force of Apple Inc's recent rise. Given the size and importance of Apple Inc, the company is a so-called "tent pole" stock that dominates investor attention and can help define investment narratives, analysts say. For nine weeks in a row, Apple Inc continued to outperform the S & P in weekly gains. In response, Colas said there was no doubt that the stock's recent performance was "quite exciting".

• Jinglin Q2 US stock positions: KE Holdings Inc. rose to the largest heavy stock, BABA and Pinduoduo returned to the top ten positions

After big changes, Jinglin's top 10 positions also changed greatly at the end of the second quarter.$KE Holdings Inc. (BEKE.US) $Rise to the largest position$JD.com (JD.US) $和$NetEase, Inc (NTES.US) $Ranked second or third. In addition$BABA (BABA.US) $、$Pinduoduo (PDD.US) $Return to the top ten positions.

• Musk: Tesla, Inc. produced a total of 3 million electric cars, and the Shanghai factory exceeded 1 million.

$Tesla, Inc. (TSLA.US) $CEO Elon Musk wrote on social media that Tesla, Inc. has produced a total of 3 million electric cars since its birth, and that Tesla, Inc. 's factory in Shanghai, China has produced more than a million of the total.

• Crude oil prices and sales rose, and Saudi Aramco's Q2 and first-half net profit reached the highest level since the IPO.

Saudi Aramco reported financial results for the second quarter of 2022, with net profit of $48.4 billion, up 90 per cent from a year earlier. The results are reported to be Saudi Aramco's new quarterly earnings record since its initial public offering in 2019, driven by higher crude oil prices and sales and higher refining profit margins. In addition, the company announced a second-quarter dividend of $18.8 billion, which will be paid in the third quarter.

• Is the deal cool for 40 billion dollars? Merck & Co Inc postpones acquisition of Seagen

Merck & Co Inc (MRK.US) $'s proposed acquisition of $Seagen (SGEN.US) $will be delayed due to adverse arbitration related to Daiichi and the latest data from Seagen's bladder cancer drug Padcev. Morgan Stanley said in a report last month that if Seagen wins arbitration with first Pharmaceutical, it could represent the equity value of Seagen at about $12 to $24 a share.

• Wells Fargo & Co: inflation reduction bill speeds up profit time and raises Prager energy target price to $29

富The Bank of China issued a research report saying that it will$Prager Energy (PLUG.US) $The target price was raised to $29 from $19, but remained "in line with the market" rating.Analysts noted that Prager Energy reported "light" second-quarter results while maintaining short-term and long-term targets, adding that Prager Energy would accelerate its profitability from 2025 to 2024 as a result of the proposed inflation reduction Act (IRA). The increase in the target price reflects a value of $7 per share related to hydrogen ptc from IRA and $3 per share related to the higher long-term growth assumption of the fixed power business.

• The American version of "Collection" is about to land, and Johnson & Johnson and Merck & Co Inc may be the most affected.

According to reports, $Johnson & Johnson (JNJ.US) $, $Merck & Co Inc (MRK.US) $and $REGN.US $are the manufacturers most likely to be affected by the price negotiations on Medicare drugs in the United States because they sell the most frequently used and expensive drugs for Medicare insurers. However, Royal Bank of Canada issued a report saying that the drug negotiations will affect the revenues of pharmaceutical and biotechnology companies, but will not have much impact.

Last Friday, US stock turnover TOP20

The Prospect of Hong Kong City

• Beishui continued to increase its holdings of Tencent, Li Ning Co. Ltd. 's performance exceeded expectations and got the funds.

On Friday, Southbound Capital bought a net HK $990 million throughout the day. Li Ning Co. Ltd., CNOOC Limited, China Electric Power and Tencent received a net purchase of HK $238 million, HK $136 million, HK $132 million and HK $89.95 million respectively. Meituan-W ranks first in net sales, with an amount of HK $45 million.

Note: southbound funds have bought Tencent for 11 consecutive trading days, totaling about HK $7.752 billion.

• The optimization of the trading calendar of the Shanghai-Shenzhen-Hong Kong Stock Connect has been officially launched: the Shanghai-Shenzhen-Hong Kong Stock Connect can be opened on a common trading day.

Recently, with the consent of the State Council, the China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission approved the Shanghai, Shenzhen, Hong Kong, China Clearing and Hong Kong Clearing to optimize the trading calendar of the Shanghai-Shenzhen-Hong Kong Stock Connect. The Securities Regulatory Commission of the two places has issued a "joint announcement" to clarify the relevant mechanism arrangements. After optimization, the three Shanghai, Shenzhen and Hong Kong exchanges can all open the Shanghai-Shenzhen-Hong Kong Stock Connect trading day. It is estimated that after optimizing the trading calendar, it is expected that the number of days that cannot be traded can be reduced by about half.

• China China exemption IPO: the offering price ranges from HK $143.5 to HK $165.5 per share.

China waiver (temporary code) (810163.HK) $HKEx announcement: Hong Kong-listed global offering of 102.7 million shares, expected to sell at no more than HK $165.50 per offer share and no less than HK $143.50 per offer share, is expected to start trading on the Hong Kong Stock Exchange on August 25.

• Haidilao International Holding earnings Police: the first half of the year pre-loss of 225 million yuan-297 million yuan

$Haidilao International Holding (06862.HK) $According to the announcement of the Hong Kong Stock Exchange, the revenue in the first half of the year is expected to be no less than 16.7 billion yuan, a decrease of no more than 17.0% over the same period last year, and a net loss of about 225 million yuan to 297 million yuan is expected in the first half of the year.

Focus today

Key words: Sunny Optical Technology, Weimeng Group, Li Auto Inc., Niu Technologies issued financial reports

Monday,Data aspectInvestors can pay attention toManufacturing Index of the Federal Reserve of New York、Us NAHB Real Estate Market Index, andMonthly rate of wholesale sales in Canada。

Financial reportHong Kong stock$China Literature (00772.HK) $、$Sunny Optical Technology (02382.HK) $、$Weimeng Group (02013.HK) $、$Li Auto Inc.-W (02015.HK) $, and US stocks$Niu Technologies (NIU.US) $The latest quarterly results will be released.

Earlier, Li Auto Inc. released second-quarter delivery data, showing that a total of 28687 ideal ONE were delivered in the second quarter, an increase of 63.2 per cent over the same period last year. Since the launch of ideal ONE, the cumulative delivery volume has reached 184491.

Motorola Research reported that it announced on June 28th that it planned to issue up to $2 billion of additional American depositary shares (ADS) to raise funds for the development of the next generation of electric vehicle technology. Although investors may be worried about the ideal additional ADS or short-term impact on share prices through the on-exchange share offering plan, they believe that volatility should be manageable and capital replenishment is strategically positive, coupled with its $8 billion in cash and liquid assets, it is still expected to support ideal strategic and product ambitions. Increase the rating of Li Auto Inc. with a target price of US $41.

Niuniu morning reading:

The market is always born in despair, grows in doubt, matures in longing, and destroys in hope.

-- Peter Lynch