Hot news

• Capture the FAANG of the future! Goldman Sachs Group set up a new ETF, "wooden Sister" to meet the strong opponent

Goldman Sachs Group set up an actively managed ETF on Thursday to capture future FAANG-like technology companies. According to Goldman Sachs Group's press release, the ETF (code GTEK) specializes in investing in technology companies with a market capitalization of less than US $100 billion, and Goldman Sachs Group will also invest with clients. Katie Koch, co-head of fundamental equities at Goldman Sachs Group's asset management division, said the company hopes to use GTEK to achieve the "moonshots" of the next technology sector, in order to remain at the forefront of technological disruption and innovation. "in the future, there will be some technology companies whose share prices have soared by 175, 000%," Koch said. We are looking for such a company. "

• Blackrock fund manager has sold almost all the gold in the portfolio.

Blackrock fund manager Russ Koesterich sold almost all of his gold positions in anticipation that real interest rates would return to normal as the global economy rebounded. Fourteen months ago, we had a considerable position in the gold market. Today, the ratio has fallen to close to zero, "said Koesterich, a global allocation fund manager for Blackrock. If real interest rates are slightly normalised, gold as a commodity is unlikely to continue to move as it did in mid-2020. Koesterich said rising expectations for inflation-adjusted bond yields meant that gold would no longer be seen as a hedge against stock market risk. Nor does he see gold as the most effective hedge against short-term inflation.

• Sell US stocks and hoard US debt! In July, overseas selling of US stocks reached the second highest level since the 2007 crash, and US debt positions reached a new high.

As the threat of COVID-19 's mutated virus swept the world, investors outside the US sold US stocks in July at a pace rarely seen since the 2007 stock market crash, while buying up Treasuries, according to official US data. On Thursday, 16th local time, the US Treasury released its International Capital flows report (TIC), which showed that overseas investors sold a net US $34.3 billion of US stocks in July, the second largest monthly sell-off since August 2007. In July, overseas investors sold a net $11 billion of corporate bonds, while buying a net $10.2 billion of Treasuries and a net $20.7 billion of agency bonds.

• The crisis of "lack of core" continues! The Biden administration will hold a meeting with semiconductor supply chain companies next week

Due to the widespread spread of Delta mutant virus around the world, production disruptions and delays are increasingly aggravating. As a result, the Biden administration plans to hold another meeting with US semiconductor supply chain companies next week to ease the situation. It has been revealed that the goal of the meeting is to further improve the transparency of the chip supply chain and to continue efforts to establish close cooperation with allies.

• Us economic data are mixed

Retail sales in the United States rose 0.7% in August from a month earlier, compared with a decline of 1.1% and an expected decline of 0.8%. Retail sales figures rose unexpectedly, and demand for goods is thought to be strong. Another report showed that first-time claims for unemployment benefits in the United States rose to 332000 last week, with an estimated 321500, and the number of unemployed in Louisiana soared as a result of Hurricane Ida. Mike Loewengart, chief investment officer of Morgan Stanley's trading platform E-Trade Financial, believes it remains to be seen whether the latest economic data can reverse the slight downward trend seen in the market over the past few weeks.

• In the previous August, global orders for new ships surged nearly 300%, and shipping companies ushered in restorative growth.

The China Shipbuilding Industry Association announced the economic operation of the shipbuilding industry from January to August 2021, and the three major shipbuilding indicators increased compared with the same period last year. In particular, the number of new orders received. In the first eight months, domestic shipyards accepted new ship orders of 49.11 million deadweight tons, an increase of 227.2% over the same period last year, while global shipyards took on 94.74 million deadweight tons, an increase of 298.1% over the same period last year. At present, the industry's judgment on the future of the shipbuilding market is not clear, because more new ship orders come from shipowners in response to the updated demand brought about by new environmental regulations, rather than the expansionary demand of the fleet; but to be sure, attention to the shipbuilding market is increasing.

Review of US stocks

• On Thursday, the three major indexes of US stocks basically closed flat.

The Dow Jones index fell 0.18% to 34751.32, the s & p 500 fell 0.16% to 4473.75, and the NASDAQ rose 0.13% to 15181.92.

• Hot Chinese stocks go up and down differently.

Gaotu Techedu Inc. rose more than 3%, TAL Education Group rose more than 2%, Bilibili Inc. fell more than 4%, Li Auto Inc. and NIO Inc. fell more than 2%.

• The reservation of electric pickup is more than 150000, Ford expands the recruitment scale.

$Ford Motor (F.US) $It said on Thursday that it planned to invest an additional $250 million in three factories in Michigan and add 450 jobs, doubling the annual production of the Fmuri 150 Lightning electric pickup truck to 80, 000 vehicles. Ford says cumulative bookings for the car have exceeded 150000 since its debut in May, up from 120000 at the end of July. Ford closed up 1.36%.

• Moderna Inc: Delta variant is highly contagious, "raising the standard of COVID-19 vaccine."

$Moderna Inc (MRNA.US) $The fast-spreading Delta variant, which is highly contagious, exposed weaknesses in vaccine protection and changed the prospects for ending the epidemic, President Stephen Hoge said late Wednesday local time. The Delta variant "is so good at infection and replication that it raises the standard of vaccine quality," he said in a telephone interview. It actually exposes some weaknesses early. He said that the "breakthrough infection" was not entirely due to the Delta variant, and he suspected that the emergence of the "breakthrough infection" case was the result of a combination of vaccine protection and highly contagious variants over time. By the end of the day, Moderna Inc had risen more than 1%, with a turnover of nearly 4.5 billion US dollars.

• The "queen of science and technology" operation! Shouting that Tesla, Inc. can increase fourfold and has reduced his holdings by 266 million US dollars since September.

Since September, ETF, a unit of Cathie Wood, has sold$Tesla, Inc. (TSLA.US) $More than 350000 shares, worth $266 million. On Wednesday alone, its ARKK and ARKW ETF sold more than 81600 shares of Tesla, Inc., worth $62 million. At the beginning of this month, her basic forecast for Tesla, Inc. was to reach 3000 US dollars per share.

• Morgan Stanley: XPeng Inc. will redefine the inexpensive electric vehicle with P5

$XPeng Inc. (XPEV.US) $With the official launch of the new family car P5 yesterday, Morgan Stanley analyst Tim Hsaio said that XPeng Inc. 's ambition is to redefine the smart electric car market, and he believes that the functions and technology of the P5 will differentiate among similar products. The analyst believes that compared with the best-selling Toyota (TM.N) Camry and Volkswagen Maiteng, XPeng Inc. P5 has a better price advantage and better technical level. He pointed out that according to the response of investors, they expect P5 sales to reach 8000-10000 in 2021 and believe that they will surpass P7 next year. The analyst rated XPeng Inc. as overweight, with a target price of $57.

• Wall Street asset management firm Cowen: cut the target price of Virgin Galaxy to $30 to maintain its outperform rating

Oliver Chen, an analyst at Wall Street asset management firm Cowen, willVirgin Galactic (SPCE.US) $The target price was lowered to $30 from $51, while maintaining a rating that outperformed the market. The analyst still has a constructive view of the company, which he still sees as an important leader in the commercial aerospace industry. He acknowledges that Virgin Galactic has recently been plagued by some problems (the first flight was delayed), but safety is always the most important thing for the commercial aerospace industry, and these problems are expected to be resolved in the short term.

The top 20 turnover of US stocks on Thursday

The Prospect of Hong Kong City

• Trading in Hong Kong Stock Connect will be suspended from September 16 to 22. The market closure arrangements during the Mid-Autumn Festival are as follows:

• Since September, Tencent has bought back 11 times, costing more than 1 billion; XIAOMI has bought back 9 times, costing more than 1.2 billion

According to Futu statistics, this year (January 1-September 16, 2021), Tencent bought back a total of 18 times, a total of 3.552 million shares, at a cost of HK $1.665 billion. Among them, Tencent has bought back a total of 11 times since September, buying a total of 2.219 million shares, at a cost of 1.068 billion Hong Kong dollars.

Since September, XIAOMI Group has bought back a total of nine times, buying back a total of 51.99 million shares, at a cost of HK $1.235 billion. So far this year, XIAOMI has bought back a total of 29 times, buying back a total of 276 million shares at a cost of HK $7.021 billion.

• Credit Suisse: maintain Hong Kong Exchanges and Clearing's rating better than the market, with a target price of HK $590

Credit Suisse released a research report that maintained$Hong Kong Exchanges and Clearing (00388.HK) $Superior to the market rating, with a target price of 590 Hong Kong dollars, the people's Bank of China and the Hong Kong Monetary Authority announced on the 15th that the southbound Bond Link will be launched on the 24th of this month, providing mainland Chinese investors with new channels to invest in the Hong Kong bond market, which is expected to bring direct income contribution to Hong Kong Communications. The launch of the southbound link reflects the continued promotion of new initiatives and close co-operation between mainland Chinese regulators and the HKEx to stimulate market sentiment for investment in the HKEx. According to the report, the opening of Nanxiangtong, superimposed with the recently announced MSCI China A50 futures, is expected to dispel market concerns about the slow progress of HKEx's new measures. In the medium and long term, the bank believes that the demand of mainland Chinese institutions and individuals for overseas asset allocation will continue to support asset and bond market activities in Hong Kong, China.

Focus today

Key words: September University of Michigan Consumer confidence Index, BABA Annual shareholders' meeting

Friday, in terms of economic dataAttentionUniversity of Michigan Consumer confidence Index in SeptemberThe market expectation is 72, and the previous value is 70.3.

In terms of financial events, BABA held the annual shareholders' meeting at 7: 00 p.m. Beijing time.

In addition, the U.S. Food and Drug Administration (FDA) Advisory Committee on Vaccines and related Biological products will meet on September 17, 2021 to discuss the issue of additional COVID-19 vaccination. The meeting will be held from 8:30 to 3:45 eastern time. In early September, Moderna Inc also submitted an application for COVID-19 's vaccine booster to FDA, slightly lagging behind competitor Pfizer Inc. In addition, in the United States, FDA has approved additional injections of COVID-19 vaccine to people with a weak immune system.

Involving individual stocks:$Pfizer Inc (PFE.US) $、$BioNTech (BNTX.US) $、$Moderna Inc (MRNA.US) $、$Johnson & Johnson (JNJ.US) $。

Niuniu morning reading:

When you buy a stock, you should not buy it because it is cheap, but you should see if you know it.

-- Peter Lynch