Hot news

• This week will see a major adjustment! The results of three big events will be revealed.

This week, three major events that are receiving global attention will see significant progress. In China, the 12th session of the 14th National People's Congress Standing Committee will be held from November 4th to 8th, with the published agenda including the review of the State Council's report on financial work. In the United States, the election results on November 5th will be announced in Eastern Time, and the Federal Reserve will hold a monetary policy meeting on November 6th to 7th, both events stirring the nerves of global investors.

• US Polls: Harris leads Trump by a slight advantage in crucial 'swing states'.

On November 3rd local time, according to a survey conducted jointly by The New York Times and the Siena College, in the 2024 US election, in 7 key 'swing states,' US Vice President and Democratic presidential candidate Harris leads former US President and Republican presidential candidate Trump by a slight advantage of 48% to 47%.

• Contrary to market consensus! Silver, Citigroup in unison: Selling US stocks if Trump wins.

Michael Hartnett, a strategist at Bank of America, stated that if former President and Republican presidential candidate Trump wins the election and triggers a stock market rebound, investors should consider selling. He pointed out that this would drive inflation and interest rates up, putting the stock market at risk. Bank of America's view aligns with Citigroup's. According to Citigroup strategists, the 'near-enthusiasm' that has led to the S&P 500 index rising for six consecutive months indicates that the time for a pullback is ripe. If the Republicans win big, investors should exit.

• How to trade gold this week? JPMorgan: Regardless of the outcome, if the price of gold retraces, it's a buying opportunity.

On the eve of the US election, JPMorgan stated that regardless of who wins, if the gold price rebounds, it will be a good buying opportunity. JPMorgan believes that although the current market unanimously sees short-term risk of a correction, the fundamentals of gold remain strong in the medium term. Regardless of the outcome of the US election, the Fed's interest rate cut cycle, global central bank gold purchases, and overall currency depreciation trades will continue to support.

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

• Last Friday, the three major indices collectively rebounded, with Amazon rising more than 6% to a three-and-a-half-month high after its earnings.

On Friday (November 1st), US stocks rebounded from the previous day's sharp decline, opening and closing higher. At the close, the Dow Jones rose by 0.69% to 42,052.19 points; the S&P 500 rose by 0.41% to 5,728.80 points; the Nasdaq Composite Index rose by 0.80% to 18,239.92 points. Looking at the weekly performance, the three major indices accumulated declines of 0.15%, 1.37%, and 1.50% respectively.

Large-cap tech stocks saw mixed movements, with Amazon up by 6.19%, NVIDIA up by 1.99%, Microsoft up by 0.99%, Apple down by 1.33%, Tesla down by 0.35%, Meta down by 0.07%, Google Class C down by 0.02%.

• Changing times! Nvidia will be included in the Dow Jones Industrial Average, replacing Intel.

After the US stock market closed on Friday, November 1st, S&P Dow Jones Indices announced that $NVIDIA (NVDA.US)$ 纳入道琼斯工业平均指数，取代道指目前的芯片业成分股 $Intel (INTC.US)$ Another component stock adjustment announced for the Dow, meanwhile. $Sherwin-Williams (SHW.US)$ to replace. $Dow Inc (DOW.US)$ The announcement stated that the above adjustments will take effect before the opening of the US stock market on Friday, November 8. After the market on Friday, NVIDIA rose nearly 3%, while Intel fell nearly 2%.

• Buffett has net sold stocks for the eighth consecutive quarter, with Berkshire's cash reserve reaching a record high.

$Berkshire Hathaway-A (BRK.A.US)$ / $Berkshire Hathaway-B (BRK.B.US)$ Q3 revenue recorded $92.995 billion, slightly lower than the $93.21 billion in the same period last year; operating profit decreased by 6.2% year-on-year to $10.09 billion. Buffett's cash reserves (including cash equivalents) continued to soar from $276.94 billion on June 30 to $325.2 billion. After reducing nearly 50% in the second quarter, Berkshire reduced its holdings by 25% again in the third quarter, selling 0.1 billion shares and holding only 0.3 billion shares. $Apple (AAPL.US)$ What is more noteworthy is that Berkshire, for the first time since 2018 when it changed its buyback policy, suspended its buyback program for its own stocks in the third quarter.

• Apple invested $1.5 billion to increase its stake in satellite communication, news of which caused Globalstar's stock to surge by over 31%.

On Friday local time, the US low Earth orbit satellite communication company $Globalstar (GSAT.US)$ Announced that the company's major client, Apple Inc., has committed to invest $1.5 billion through investment and service purchase commitments. Influenced by this news, Globalstar rose over 31% on Friday, continuing to rise over 7% in post-market trading.

• The eve of the election, the 'Trump Trading Indicator' collapsed?

$Trump Media & Technology (DJT.US)$ The stock price has plummeted more than 40% over the past three trading days, with a market cap evaporating over $4 billion. This implies a 180-degree reversal in market pricing—from betting on Trump to betting on Harris.

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.

• Beijing capital rushed to allocate over 0.8 billion Hong Kong dollars to Xiaomi, bought over 0.5 billion Hong Kong dollars' worth of tencent, and sold nearly 0.3 billion Hong Kong dollars' worth of Ping An Insurance.

On November 1st (Friday), the Northbound funds net bought 4.253 billion Hong Kong dollars of Hong Kong stocks.

$XIAOMI-W (01810.HK)$,$TENCENT (00700.HK)$,$SUNAC (01918.HK)$Received net purchases of 0.809 billion Hong Kong dollars, 0.552 billion Hong Kong dollars, 87.29 million Hong Kong dollars respectively;

$PING AN (02318.HK)$,$SMIC (00981.HK)$,$LI AUTO-W (02015.HK)$Net sales were $0.293 billion Hong Kong dollars, $0.253 billion Hong Kong dollars, $0.148 billion Hong Kong dollars, respectively.    

• BYD, NIO, and Li Auto and other car companies released their delivery data, and Xpeng set a new record.

$BYD COMPANY (01211.HK)$ In the first 10 months, the sales volume of new energy vehicles was approximately 3.2505 million units, an increase of 36.49% year-on-year. In October, the sales volume was approximately 0.5027 million units, a year-on-year increase of 66.53%;
$NIO-SW (09866.HK)$ In October, mmf delivered 0.021 million vehicles, a 30.5% year-on-year increase; $XPENG-W (09868.HK)$ In October, 23,917 vehicles were delivered, setting a new monthly delivery record; $LI AUTO-W (02015.HK)$ In October, 51,443 new vehicles were delivered, a 27.3% year-on-year increase; $XIAOMI-W (01810.HK)$ In October, Xiaomi SU7 deliveries exceeded 20,000 units, with monthly deliveries exceeding 0.02 million units for the first time, expected to achieve the annual delivery target of 0.1 million units ahead of schedule this month.

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: US September factory orders monthly rate, Japanese stock market holiday

On Monday, in terms of economic data, US September factory orders monthly rate, Eurozone October Manufacturing PMI final value, Eurozone November Sentix Investor Confidence Index, and other data will be released.

In terms of performance, in the Hong Kong stock market $YUM CHINA (09987.HK)$ the latest performance will be released, and in the US stock market $Constellation Energy (CEG.US)$Please use your Futubull account to access the feature.$Palantir (PLTR.US)$Please use your Futubull account to access the feature.$NXP Semiconductors (NXPI.US)$ and other companies will also be releasing their financial reports.

In terms of new stocks, in the U.S. stock market, $Creative Global Technology Holdings Limited (CGTH.US)$Please use your Futubull account to access the feature.$Heritage Distilling Holding Company, Inc (CASK.US)$Please use your Futubull account to access the feature.$Health in Tech (HIT.US)$Please use your Futubull account to access the feature.$Park Ha Biological Technology Co. Ltd. (PHH.US)$ Will be listed.

In addition, the Tokyo Stock Exchange in Japan will be closed for Culture Day.

Futubull Morning News:

We have long endeavored to avoid doing foolish things, so our gains are much greater than those who strive to do clever things.
"- Charlie Munger"

Editor/Somer