Hot news

• White House: will continue to urge OPEC members to resolve oil supply issues

White House Press Secretary Jane Psaki said that OPEC members will continue to be urged to solve the oil supply problem; logistics problems related to supply are being resolved and all available means will be used; the US Federal Trade Commission (FTC) is investigating potential price fraud.

• Us Treasury Secretary calls on Congress to take action to provide a long-term solution to the debt limit

On October 18 local time, US Treasury Secretary Janet Yellen sent a letter to House Speaker Nancy Pelosi, calling on Congress to take action to make a decision on the debt limit in order to meet the government's obligations and provide a long-term plan for government spending.

• "Wall Street Wolf King" Icahn: in the long run, US stocks will definitely hit a brick wall by printing money wantonly.

Carl Icahn, an activist investor and "wolf king of Wall Street", said on Monday that the US stock market could face major challenges of excess money supply and rising inflation in the long run. "in the long run, we will definitely hit a brick wall," Mr Icahn said. "if you look around, you will see inflation everywhere. I don't know how to deal with it in the long run. "

The Federal Reserve and Congress have released trillions of dollars in stimulus measures to save the economy from the COVID-19 epidemic. In the open-ended quantitative easing program, the Fed's balance sheet has swelled by more than $3 trillion, while the US government has allocated more than $5 trillion to support Americans through the crisis. Icahn believes that in the long run, the market will one day pay the price for these policies.

• Unlike Wall Street, Fed staff forecasts show no need to worry about rising inflation
  

Although some Fed officials have publicly expressed concern about rising prices, and Wall Street has raised its inflation forecasts, according to the minutes of the Federal Open Market Committee (FOMC) meeting released on Oct. 13, Fed staff in Washington expect inflation to return below 2% in 2022. In addition to the long-term target of a lower FOMC of 2 per cent, the forecast is less than half the 4.3 per cent annual increase in the Fed's preferred inflation indicator in August.

• Goldman Sachs Group warns that monthly option expiration increases volatility of the S & P 500 index.

Goldman Sachs Group Group warned that the expiration of monthly options has triggered a number of market fluctuations in recent months, with monthly options expiring on Friday. Last week's maturity of $703 billion, excluding January, was the third highest on record, according to Vishal Vivek and John Marshall, strategists at Goldman Sachs Group. As options traders buy and sell underlying stocks to maintain a neutral position, the need for hedging decreases once the option expires. Its exposure can sometimes have a huge impact on the market.

Review of US stocks

• Monday,S & P 500 indexRising for the fourth day in a row, large-scale technology stocks soared

On Monday, all three major stock indexes fell after opening, then rebounded, and only the Dow closed down. The S & P 500 rose for the fourth day in a row, with the Nasdaq up nearly 1% on the back of the excellent performance of technology stocks.

Large-scale technology stocks rose collectively, with Faceboo up 3.26%, Apple Inc 1.18%, Amazon.Com Inc 1.11%, Alphabet Inc-CL C 0.91%, Microsoft Corp 1.01% and Nai 1.54%.

• Most of the hot Chinese stocks rose.Bilibili Inc. rose by more than 7%.

Most popular US-listed stocks rose, JD.com 1.23%, Weibo Corp 2.57%, Pinduoduo 3.18%, Bilibili 7.06%, Baidu 4.53%, New Oriental Education & Technology Group down 0.84%, NetEase, Inc up 2.45%, BABA down 0.70%, Tencent Music up 1.45%, iQIYI, Inc. 1.39%, DiDi Global down 0.24%, RLX Technology up 9.63%.

• Apple Inc launched M1 Pro/Max chip, bangs MacBook Pro and AirPods 3 at the new product launch.

Apple Music voice control scheme:Does not support lyrics display, lossless audio, space audio and download, 5 yuan per month

HomePod mini speakers:Add yellow, blue and orange colors, the same price as the original, the price is 749 yuan

Third-generation AirPods:Support for spatial audio, equipped with adaptive equalizer, 6 hours at a time, the price is 1399 yuan

M1 Pro chip:5 nm process, 10 core CPU,16 core GPU;200GB/s memory bandwidth

M1 Max chip:5 nm process, 10 core CPU,32 core GPU,400GB/s memory bandwidth

New MacBook Pro:The mini-LED screen with "bangs" has a maximum brightness of 1600 nits, and has a HDMI interface.
MagSafe magnetic charging port and SD card slot, support 120Hz ProMotion refresh rate, CPU performance up to twice the previous generation of Intel i9 chip.

The new wireless headset AirPods 3 China Bank sells for 1399 yuan, which will be ordered today and will go on sale on October 26th. The new MacBook Pro headset with M1Pro/M1 Max chip will start at 14999 yuan.

• Wade Bush: maintain Apple Inc's outperformance rating, with a target price of $185,

Wade Bush analyst Daniel Ives pointed out$Apple Inc (AAPL.US) $In an online launch on Monday that "didn't disappoint," the company unveiled AirPods 3 and a new MacBook Pro with an M1 Pro/Max chip. The analyst believes that these products extend Apple Inc's largest hardware product cycle, led by iPhone 13, in about a decade-and remain "a major growth catalyst" for 2022. Ives maintains an outperform rating on the stock, with a target price of $185.

• Members of the US House of Representatives accuse Bezos of lying to Congress

Five members of the House Judiciary Committee wrote to Andy Jassy, CEO of $Amazon.Com Inc (AMZN.US) $, accusing company executives, including founder Jeff Bezos, of lying to Congress about the company's business, according to media reports. The five lawmakers said that senior Amazon.Com Inc executives such as Bezos either misled or lied to Congress about Amazon.Com Inc's business practices. In the letter, the five lawmakers also said that the Judicial Committee was considering whether to refer the matter to the U.S. Department of Justice for criminal investigation.

• Morgan Stanley: maintain Bilibili Inc. 's super-matching rating, with a target price of US $100.

Morgan Stanley predicts$Bilibili Inc. (BILI.US) $Revenue in the third quarter will grow 18 per cent on a quarterly basis and 64 per cent on a year-on-year basis to reach 5.29 billion yuan, which will be higher than the upper limit of the guidance price and in line with market consensus. Bilibili Inc., who has the advantages of user growth and non-gaming, maintains an over-rated stock and a target price of $100.

• Loop Capital: raise Netflix Inc's target price to $700and maintain his buy rating

Loop Capital analyst Alan Gould will$Netflix Inc (NFLX.US) $The target price was raised to $700 from $650 and the buy rating on the stock was maintained. Netflix Inc's global content advantage should lead to higher-than-expected long-term user growth, the analyst said. Netflix Inc has three of the top 10 series, namely "Squid Game", "Paper House" and "Yassen Robin". The production cost is lower than that of other American shows, allowing the company to create more content for every dollar it invests than its traditional competitors.

• Barclays downgraded Walt Disney Company

On Monday, local time, Barclays downgraded the stock of $Walt Disney Company (DIS.US) $, citing a slowdown in the growth of Walt Disney Company's streaming subscribers. Bob Chapek, chief executive of Walt Disney Company, last month predicted that Q4 growth in its global paying subscribers would slow to millions, compared with 58.5 million in the previous three months. Affected by the news, Walt Disney Company closed down 3.01% on Monday.

• SEC publishes a report on the air-rolling incident at the game station.

The Securities and Exchange Commission (SEC) released a report on January this year.$Game Station (GME.US) $The report on frenzied trading in stocks said that the claim that retail investors pushed up stocks shorted by hedge funds, triggering a massive short selling squeeze, was not fully supported by evidence. Investors' purchases of game stations are "only a small part of the volume", and even if the impact of such transactions weakens, the company's share price remains high and there is no way to determine the motivation to buy on such a large scale.

The top 20 turnover of US stocks yesterday.

Related readings:Turnover of US stocks TOP20: Tesla, Inc. rose for six consecutive days, and the share price exceeded 870 US dollars.

The Prospect of Hong Kong City

• On Monday, Beishui sold Tencent more than HK $300 million and bought Li Ning Co. Ltd. and Sunac China

Southward Capital bought a net HK $102 million yesterday. Li Ning Co. Ltd., Sunac China and Zijin Mining Group received a net purchase of HK $377 million, HK $214 million and HK $128 million respectively. Tencent ranks first in net sales, with a value of HK $327 million.

• ANTA Sports Products's retail sales of Anta brand products increased by 10-20% in the third quarter compared with the same period last year.

$ANTA Sports Products (200) (02020.HK) $It was announced that retail sales of Anta brand products in the third quarter of 2021 recorded a positive growth of 10-20% compared with the same period in 2020 and a positive growth of 10-20% in the middle compared with the same period in 2019. Retail sales of FILA-branded products in the third quarter of 2021 (in terms of retail value) recorded a positive increase of medium units compared with the same period in 2020 and a positive growth of 25-30 per cent compared with the same period in 2019.

Focus today

Key words: Netflix Inc / Johnson & Johnson / Procter & Gamble Co financial report, Weitai Medical listing, Apple Inc "return" new product press conference, Alphabet Inc-CL C new mobile phone press conference

Financial report$Johnson & Johnson (JNJ.US) $、$Procter & Gamble Co (PG.US) $The results will be announced before the trading of US stocks.$Netflix Inc (NFLX.US) $、United Continental Airlines (UAL.US) $The results will be released after the US stock market closes.

In terms of new sharesHong Kong stockWeitai Medical-B (02235.HK) $Will be officially listed today.

Niuniu morning reading:

Investing is not a game in which people with an IQ of 160 can beat people with an IQ of 130. Reason is essential.

Warren Buffett's Buffett Securities Investment Act