Hot news

• Dalio warned during the "frenzy" of US inflation: real wealth is shrinking

The increase in the value of the portfolio does not really mean an increase in wealth, Mr Dalio, the bridge fund, warned at a time when US inflation was at its highest level since 1990. People mistakenly believe that rising asset prices mean they are getting richer, ignoring that their purchasing power is being eroded by [inflation].

• Big bears fell under the "cow's feet" of US stocks, and Russell Clark ended the hedge fund of the same name.

The world's "most pessimistic" hedge fund surrendered because of the longest bull market in the history of US stocks. Russell Clark (formerly Horseman Global and later renamed Russell Clark Investment Management) is the most pessimistic hedge fund in the world. Russell Clark, who has been shorting US stocks for most of the past decade, told clients that he would close RC Global Fund, a hedge fund of the same name, because of a series of losses. Clark-managed RC Global Fund is down 2.6 per cent so far this year (as of the end of October), with assets falling to about $200m from about $1.7 billion in 2015, according to investor filings.

• Goldman Sachs Group accurately "copy the bottom"! He not only bought Chinese real estate bonds, but also significantly increased his holdings of Chinese stocks such as BABA in the third quarter.

Not only do you see the right time to buy Chinese real estate bonds, but in the third-quarter position report, Goldman Sachs Group Group (Goldman Sachs) also disclosed the increase of its holdings in BABA and other Chinese stocks. At the time of the pullback of US-listed stocks, Goldman Sachs Group saw the opportunity to greatly increase his holdings. In the third quarter, the increase in New Oriental Education & Technology Group's holdings in the future increased several times, and his shareholding in BABA rose 57% from the previous month, ranking the seventh largest stock. KANZHUN LIMITED, who is worth US $1.5 billion, has also built a position. Goldman Sachs Group reduced his holdings of iQIYI, Inc. and Gaotu Techedu Inc. by more than 40% compared with the previous month, and NIO Inc. reduced his holdings by nearly 20%.

• Double 11 peak battle report: Tmall accumulated 540.3 billion yuan, JD.com more than 349.1 billion

In the 11 days of Singles' Day this year, JD.com 's cumulative order volume was nearly 30% higher than the record set last year, 31 brand sales exceeded 1 billion, Apple exceeded 10 billion, and the turnover of more than 43000 merchants increased by more than 200% over the same period last year. Tmall's nearly 700 small and medium-sized brands with a turnover of more than 1 million yuan last year exceeded 10 million yuan this year, and 78 brands with a turnover of 10 million yuan last year reached a record high of nearly 700 million yuan on the 11th.

• MSCI Global Market Index adds 111stocks and removes 105stocks

MSCI said in its semi-annual index evaluation that the top three stocks included in the MSCI emerging markets index were Hesheng Silicon, CRRC Corporation (CRRC), "PUBG" and South Korean game company Carpenter Group. MSCI will reclassify Argentina as an independent market at one time and is currently classified as an emerging market. The MSCI China A-share onshore index newly included 53 constituent stocks, excluding 30 constituent stocks. The top three stocks newly included in the market capitalization are Hesheng Silicon Industry, willing Wine Industry and Zang GE Holdings. The MSCI China all-share Index newly included 68 constituent stocks, excluding 52 constituent stocks. The top three stocks newly included in the market capitalization are Hesheng Silicon Industry, CRRC Corporation H-shares and China Coal Energy H-shares.

Review of US stocks

• The three major indexes of US stocks closed mixed, and the general e-commerce stocks rose collectively.

The Dow fell 0.44%, the Nasdaq rose 0.52%, and the S & P 500 rose 0.06%.

China's e-commerce shares rose collectively, with JD.com up more than 8%, Pinduoduo up more than 7%, and BABA more than 2%. Large-scale technology stocks were mixed. Apple Inc fell 0.03%, Amazon.Com Inc fell 0.27%, Alphabet Inc-CL C fell 0.09%, Alphabet Inc-CL C Meta rose 0.03%, Microsoft Corp rose 0.49%, and Nai soared 1.65%.

• Tesla, Inc. 's competitor Rivian rose more than 22% the next day, and its market capitalization stood at US $100 billion.

$Rivian Automotive (RIVN.US) $On Thursday, the rally continued, closing up 22.1%, bringing the company's market capitalization to $104.9 billion, surpassing General Motors Co and Ford, which currently have a market capitalization of $89.8 billion and $78.1 billion, respectively.

• The growth of streaming media users slowed down, and Walt Disney Company's market capitalization was once surpassed by Netflix Inc.

Due to the overall lower-than-expected results in the fourth quarter$Walt Disney Company (DIS.US) $The share price fell as much as 9% on Thursday, making the company's market capitalization once dominated by streaming competitors.$Netflix Inc (NFLX.US) $More than. Walt Disney Company closed down 7.07% on Thursday, with a total market capitalization of $294.6 billion, while Netflix Inc closed up 1.65%, with a total market capitalization of about $291.3 billion.

• At one point, Beyond Meat shares fell 17%.

Artificial meat company$Beyond Meat (BYND.US) $Shares tumbled as much as 17% on Thursday after the company released a disappointing fourth-quarter sales forecast, sparking concerns about its slowing growth. Beyond Meat closed down 13.28%.

• Tesla, Inc. has opened more than 30000 super charging piles around the world.

$Tesla, Inc. (TSLA.US) $The Chinese charging team announced that Tesla, Inc. has opened more than 30000 super charging piles worldwide. So far, Tesla, Inc. has opened more than 7600 super charging piles in Chinese mainland, together with more than 1750 destination charging piles, covering more than 360 cities.

• Spotify announces acquisition of audio technology company Findaway

$Spotify Technology (SPOT.US) $The acquisition of US audio technology company Findaway, announced on Thursday, is expected to close in the fourth quarter. The terms of the deal have not been disclosed. Findaway has cooperative relationships with audio book publishers such as Amazon.Com Inc's Audible, Apple Inc's iBooks, Alphabet Inc-CL C and Storytel.

• Into the back garden of Airbus? It is said that Boeing Co is close to winning a large order for Akasa Airlines of India.

According to the media, citing sources,$Boeing Co (BA.US) $A deal could be reached as early as this weekend with Akasa, an Indian start-up airline, which could buy about 70 to 80 737Max jets. The deal is likely to be announced at the Dubai Air Show, which opens on November 14, according to people familiar with the matter.

• Bank of Montreal: downgrade Walt Disney's target price from $195 to $180 to keep pace with the market

$Walt Disney Company (DIS.US) $Previously announced fourth-quarter results fell short of analysts' expectations. Daniel Salmon, an analyst at BMO Capital, said that short-term profit margins in Walt Disney Company's core business were expected to be lower than expected due to increased investment, tight labor costs and inflation, and he remained on the sidelines, waiting for a clear time for profit margins to recover. Analysts added that although Disney+ user growth in the fourth quarter was lower than expected, Walt Disney Company management also reiterated its outlook for the number of subscribers in fiscal 2024, which analysts saw as the company's most important indicator.

• RBC Capital: raise the target price of Affirm Holding from $130,175 to $175and maintain its outperform rating.

RBC Capital analyst Daniel Perlin pointed out that$Affirm Holdings (AFRM.US) $Results and prospects are "strong", highlighting the growth of partnerships other than Peloton, as the business of some other major customers is also growing. Analysts are positive about the expansion of the partnership between AFRM and Amazon.Com Inc, which will make the company the only "buy-and-pay" partner of Amazon.Com Inc in the United States by January 2023.

The top 20 turnover of US stocks yesterday.

The Prospect of Hong Kong City

• Beishui sold Tencent nearly 3 billion Hong Kong dollars and sold Meituan

The southbound capital sold a net HK $2.803 billion yesterday. Tencent, Meituan-W and China Construction Bank Corporation received a net sale of HK $2.974 billion, HK $502 million and HK $261 million respectively, while China Overseas Land & Investment made a net purchase of HK $590 million against the trend.

• Haidilao International Holding: placing 115 million shares at HK $20.43 per share

Haidilao International Holding (06862.HK) $issued an announcement on the Hong Kong Stock Exchange to place 115 million new shares at HK $20.43 per share. The net proceeds from the subscription are estimated to be approximately HK $2.337 billion. By the close of the last trading day, Haidilao International Holding was at HK $22.20, with a discount of about 8 per cent.

• Semiconductor Manufacturing International Corporation's operating income and gross profit margin reached record highs in the third quarter.

$Semiconductor Manufacturing International Corporation (00981.HK) $After releasing the results for the third quarter of fiscal year 2021, Semiconductor Manufacturing International Corporation's operating income and gross profit margin reached record highs in the third quarter, according to the financial report. Revenue in the third quarter was 9.281 billion yuan, up 21.5% over the same period last year; net profit was 2.077 billion yuan, up 22.6% over the same period last year; and 1.393 billion yuan was deducted from non-net profit, an increase of 25.0% over the same period last year. The gross profit margin was 30.2%, an increase of 3.7 percentage points from the previous month and 3.9 percentage points from the same period last year.

• Semiconductor Manufacturing International Corporation: Jiang Shangyi resigned as vice chairman of the company.

$Semiconductor Manufacturing International Corporation (00981.HK) $Jiang Shangyi resigned as vice chairman, executive director and member of the strategy committee of the board of directors because he wanted to spend more time with his family. In order to focus on performing his duties as the Co-CEO of the Company, Dr. Liang Mengsong, Executive Director and Co-CEO of the Company, resigned as the Executive Director and continued to serve as the Co-CEO of the Company.

Focus today

Keywords: initial value of University of Michigan Consumer confidence Index, AstraZeneca PLC Financial report, Bette Group holding listing

Friday, followPreliminary value of Consumer confidence Index of University of MichiganThe US consumer confidence index remained low in October, suggesting that US consumer confidence is still much lower than it was before the outbreak in early 2020, despite persistent supply chain bottlenecks and high inflation.

In terms of new shares$Bette Group Holdings (01491.HK) $Listed in Hong Kong on the same day.

Bette Group Holdings has received 5.09 times of margin subscription and HK $89 million in financing. The company is mainly engaged in designing, developing, manufacturing and selling all kinds of commonly used household necessities.

Niuniu morning reading:

When a powerful company encounters a huge but solvable crisis, an excellent investment opportunity comes quietly.

-- [American] Buffett