Hot news
Futures of the three major US stock indexes collectively rose.
Most star tech stocks rose before trading, with Nvidia up more than 1%.
Renowned technology journalist Gurman: The iPhone 16 series will not have major changes, and Apple's sales will remain stable.
According to well-known technology journalist Mark Gurman,$Apple (AAPL.US)$The company's iPhone 16 will maintain stable sales until more innovative models are launched next year; In addition, Gurman pointed out that a smaller Mac mini is under development, and iOS 18's photo app has changed its route; Apple Intelligence, the company's AI feature, still has a long way to go to achieve the market's publicity effect.
Bank of Nova Scotia will spend approximately $2.8 billion to acquire nearly 15% of KeyCorp's shares at a premium, causing KeyCorp's pre-market stock price to rise by nearly 18%.
$KeyCorp (KEY.US)$ Prior to market open on August 12, as part of its focus on North American business, Canadian banks agreed to acquire a minority stake in KeyCorp for about $2.8 billion, one of the regional banks hit hardest during last year's turmoil, causing the stock price to rise by nearly 18%.
Starbucks rose more than 2% before trading, and well-known rights protection investment institution Starboard Value is said to have entered the company.
$Starbucks (SBUX.US)$ Before trading, it rose more than 2%, reaching 76.89 US dollars. According to the Wall Street Journal, insiders revealed that well-known rights protection investment institution Starboard Value has entered Starbucks and hopes the company can boost its stock price. In addition, another well-known rights protection investment institution, Elliott Investment Management, also recently invested in Starbucks.
Barrick Gold rose more than 2% before trading, with Q2 EPS exceeding analyst expectations.
$Barrick Gold (GOLD.US)$ Before trading, it rose more than 2%, reaching 17.82 US dollars. The financial report showed that the second-quarter EPS was US$0.32, exceeding the analyst's expected US$0.27, an increase of 18.52%. The company's quarterly sales were US$31.62 billion, exceeding the analyst's expected US$31.14 billion, a year-on-year increase of 11.61%.
KE Holdings rose more than 4% before US stock market opened, with Q2 net income of RMB 23.4 billion, a year-on-year increase of 19.9%, and plans to expand and extend the share repurchase plan.
$KE Holdings (BEKE.US)$ Before trading, it rose more than 4%, reaching 14.6 US dollars. In the second quarter, the total transaction volume (GTV) was 839 billion yuan, a year-on-year increase of 7.5%; net income was 23.4 billion yuan, a year-on-year increase of 19.9%; and adjusted net profit was 2.69 billion yuan, a year-on-year increase of 13.9% . In the second quarter, the revenue of non-real estate transaction services increased by 85.3% year-on-year, accounting for an increase to about 35%. In addition, it plans to expand and extend the share repurchase plan, and the repurchase authorization for Class A common stock and/or American Depositary Shares has been increased from US$2 billion to US$3 billion.
Trip.com rose more than 1% before trading, bullish by brokerage for summer travel demand.
$Trip.com (TCOM.US)$ Before trading, it rose more than 1%, reaching 42.32 US dollars. According to the research report of China Galaxy Securities, the summer transportation data reflects that the summer tourism market demand still has resilience, and coupled with the high proportion of summer scenic spot performance + high operating leverage, there is potential performance flexibility. As an online travel agency (OTA), it is still the absolute beneficiary of the growth of the tourism market. The current industry competition pattern is improving, outbound travel business is growing rapidly, and future growth space is expected to widen.
Beigene rose more than 1% before trading, and is expected to hit a new stage high at the opening.
$BeiGene (BGNE.US)$ Before trading, it rose more than 1%, reaching 185.08 US dollars. The company has recently continued to rise, and is expected to hit a new high in the stage at the opening today. In terms of news, Beigene recently announced a total operating income of 11.996 billion yuan in the first half of the year, a year-on-year increase of 65.4%. Among them, the second-quarter revenue was USD 0.9292 billion, estimated at USD 0.7984 billion. CMB International raised Beigene's target price to USD 288.93 and maintained a "buy" rating.
Palantir's call options are becoming active, and the stock price is expected to rise by 30%!
Wedbush analyst Dan Ives said that Palantir signed an agreement with Microsoft last week to provide artificial intelligence services to the defense and intelligence sectors, which could 'change the game' and potentially be a 'launch pad' for Palantir's Artificial Intelligence Platform (AIP). The bank maintained its overweight rating on Palantir and a target price of $38, which is more than 26% higher than the latest closing price. Ives added that although Palantir has been able to develop its federal and enterprise businesses, this deal could increase its momentum in the federal field in the coming years.
Global macro
Deutsche Bank firmly supports the expectation of a Fed rate cut in September, supporting the US to achieve a 'soft landing'
In August, the US stock market experienced major volatility, and concerns about a hard landing of the US economy increased day by day. However, Goldman Sachs still insists on the basic expectation that the economy has resilience and will achieve a soft landing. It is expected that the continued decline in inflation will promote the interest rate cut cycle. The interest rate cut will begin at the Federal Open Market Committee (FOMC) meeting in September and will be reduced by 25 basis points three times within 2024. At the same time, it is recommended that investors consider hedging tools to cope with hard landing risks.
The most accurate analyst on Wall Street: It's no longer about “to cut or not to cut”, or “when to cut”, but rather “whether cutting interest rates is still effective”.
With the recent turmoil in the US financial market and weak economic data, a key question has emerged in the mind of Michael Hartnett, chief strategist of Bank of America. Hartnett, known as one of Wall Street's most accurate analysts, wrote in the latest Flow Show note that because "long-term high real interest rates are slowly and deeply damaging American consumers and labor markets," global interest rate cuts are no longer a "whether" or "when" question, but a question of "whether interest rate cuts are effective".
Goldman Sachs re-examines AI stocks: high-quality companies are still extremely attractive.
Goldman Sachs analyst Peter Callahan pointed out in his latest report that the market has become more cautious about AI stocks after experiencing severe volatility. They are looking for stocks that are independent of AI narratives, while also closely monitoring high-quality AI stocks that have fallen in the early stages. Callahan further pointed out that if the market continues to discuss whether 2025 will be the peak in the coming months, they can continue to cautiously increase discounted high-quality AI stocks, even if they only modestly drop from their highs.
ECB is expected to accelerate the pace of interest rate cuts: six consecutive 25-basis-point rate cuts before the end of next year.
According to surveyed economists, the European Central Bank may now cut benchmark interest rates every quarter before the end of next year. If according to this schedule, it means that the ECB's easing cycle will end earlier than previously expected. According to a survey of forecasters by the media, the ECB will cut interest rates 25 basis points for six consecutive times (a cumulative 150 basis points) before the end of December 2025, adjusting the deposit rate to 2.25%. Previously, respondents predicted that this level would not be reached until the second quarter of 2026.
Bilibili rose more than 3% pre-market trading and was upgraded to "buy" by UBS, which raised its EPS estimate per share.
Reminder for US Macro Events
(All in Peking Time)
23:00 US July New York Fed 1-year inflation expectation
The next morning
05:30 MSCI releases index evaluation report
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