Hot news

• The June FOMC meeting is coming! Pay attention to this key statement.

At 2 a.m. Beijing time on June 13th, the Federal Reserve announced the interest rate decision and economic outlook summary, and Chairman Powell subsequently held a monetary policy press conference.

At present, the market generally expects the Federal Reserve to maintain its interest rate for the seventh consecutive time, but the economic outlook summary and the interest rate dot plot are of great concern. According to a median estimate in a media survey, 41% of economists expect the Fed to issue two rate cuts signals in the dot plot. The market believes that the reason for the interest rate cut may be more important than the timing of the cut, as the Fed may reduce the frequency of interest rate cuts per year.

• New York Fed survey: short-term inflation expectations slightly down, consumers most optimistic about stock market in three years.

On Monday, a monthly consumer survey released by the New York Fed showed that in May, US households were the most optimistic about the country's stock market in three years, and people were also more optimistic about their financial situation. Consumer short-term inflation expectations fell slightly from April, while long-term inflation expectations increased somewhat. It should be noted that in May 2021, when people were equally optimistic as now, the US stock market reached its stage top in about half a year, and then experienced a sharp correction in 2022.

• Goldman Sachs has changed its opinion on oil prices, UBS and Bank of America have claimed oversold, and Buffett has increased his holdings in Occidental Petroleum.

Goldman Sachs recently stated that due to the demand for summer transportation and air conditioning, the crude oil market will experience a considerable supply shortage of 1.3 million barrels per day, and the Brent oil price is expected to rise to $86 per barrel in the third quarter. If OPEC+ needs to stabilize the oil market, it can postpone, suspend or cancel its decision to increase production. Goldman Sachs' opinion has changed from just a week ago. UBS and Bank of America also believe that oil prices are oversold. Buffett has increased his holdings in Occidental Petroleum.

• Is the long-term rise in gold prices difficult to stop? World Gold Council: Gold mine production is increasingly unable to keep up with demand.

As the demand for gold continues to be strong, the World Gold Council pointed out that the global gold output may not be able to keep up with the growth of demand. The most important reason why gold output is difficult to grow is that many promising areas are already explored, and it is becoming increasingly difficult to find new gold mines around the world.

Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.

• S&P and Nasdaq both hit new highs, NVIDIA rose nearly 1% on its first day of stock split.

US stocks rose in the afternoon on Monday, with all three major indices up. The S&P and Nasdaq both hit new highs.

As of the close, the S&P 500 index rose 0.26% to 5,360.79 points, the Nasdaq composite index rose 0.35% to 17,192.53 points, both breaking last week's new highs; while the Dow Jones index rose 0.18% to 38,868.04 points, still some distance away from its historical record of 40,000 points.

Most large-cap tech stocks rose, with Meta Platforms up 1.96%, Amazon up 1.50%, Microsoft up 0.95%, and NVIDIA, which split its shares 1-for-10, up 0.75%. Google's parent, Alphabet, rose 0.50%, while Apple fell 1.91% and Tesla fell 2.08%.

China concept stocks performed mixed, with Pinduoduo up 3.18%, Alibaba up 1.14%, JD.com up 0.89%, NIO down 2.28%, Xpeng down 2.70%, and Li Auto Inc. down 3.09%.

• On the first day of stock split, NVIDIA closed up nearly 1%.

On the first day of stock split,$NVIDIA (NVDA.US)$it closed up 0.75%, trading at $121.79, close to the record high of $122.44 set on June 5th, with a market cap of $3 trillion, surpassing$Apple (AAPL.US)$and second only to Apple.$Microsoft (MSFT.US)$.

• Apple's WWDC announces AI system and updates to computer and device systems, the iPhone will be connected to ChatGPT.

On Monday, June 10th, Eastern Time,$Apple (AAPL.US)$the Global Developers Conference was held. Systems such as iOS 18, iPadOS 18, macOS Sequoia, and VisionOS 2 have received updates as scheduled. The long-awaited Apple Intelligence and Apple's collaboration with OpenAI have finally made their debut. Vision Pro announced its official entry into the Chinese market. The new Siri is supported by Apple Intelligence and will be integrated into ChatGPT this year for iOS 18, iPadOS 18 and the new macOS version. At the close, Apple fell nearly 2%.

• Tesla fell more than 2%, and its market cap is now less than half of Meta's. Overnight, it fell 2.08%, with a total market cap of $554.25 billion, less than half of Meta's. Norway's sovereign wealth fund, Tesla's eighth-largest shareholder, said it would vote against Elon Musk's $56 billion compensation plan at Tesla's annual shareholder meeting.

Overnight,$Tesla (TSLA.US)$Tesla fell 2.08%, with a total market cap of $554.25 billion, less than half of Meta's. Norway's sovereign wealth fund, Tesla's eighth largest shareholder, said it would vote against Elon Musk's $56 billion compensation plan at Tesla's annual shareholder meeting.

• Deutsche Bank downgrades AMD stock rating: AI business still faces challenges, investors need to adjust expectations.

Morgan Stanley has lowered its rating on$Advanced Micro Devices (AMD.US)$, from "outperforming the market" to "performing at the market". Morgan Stanley analysts said that for AMD, the threshold for artificial intelligence is still high, and investors are better off choosing "larger" companies like Nvidia. "We like AMD's story, but investors' expectations for its AI business are a bit too high."

Affected by this news, AMD's stock price fell 4.49%, to $160.34 per share.

• CrowdStrike soared more than 7% and was included in the S&P 500 index

Cybersecurity company CrowdStrike rose 7.29%, and officially joined the S&P 500 index on Monday. Some foreign analysts believe that CrowdStrike's valuation is out of sync with the industry average. At present, perhaps CrowdStrike's momentum will not be as strong as before.$CrowdStrike (CRWD.US)$In the second half of the year, bullish on Hong Kong's internet stocks? Institutions say these companies are worth watching

If you want to play this game, you must believe in yourself and your judgment.

BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.

• Despite the recent continuous adjustment of the Hang Seng Tech Index, BOCOM International said in its latest analysis report that it is expected that internet stocks will rebound in valuation in the second half of this year. According to BOCOM International's stock selection criteria ranking, performance growth>industry competition>industry space>new business potential> shareholder returns>valuation multiple space, in addition, they are bullish on New Oriental Education & Technology Group Inc (09901.HK) and TAL Education Group (TAL.US).

Keywords: NFIB Small Business Confidence Index; Geekbang; Oracle$TENCENT (00700.HK)$/$TRIP.COM-S (09961.HK)$/$PDD Holdings (PDD.US)$/$NEW ORIENTAL-S (09901.HK)$/$TAL Education (TAL.US)$/$NTES-S (09999.HK)$.

The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.

Keywords: NFIB Small Business Confidence Index; Geek+; Oracle

On Tuesday, US NFIB Small Business Confidence Index will be released.

Regarding financial reports,$ZEEKR (ZK.US)$Earnings will be released before pre-market trading.$Oracle (ORCL.US)$Earnings will be released after post-market trading.

Futubull Morning News:

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Editor/Somer