Hot news

• Trump: A 25% tariff will be imposed on all commodities from Mexico and Canada entering the usa.

Trump stated that as one of his first executive orders, he will sign all necessary documents to impose a 25% tariff on all goods from Mexico and Canada entering the usa. The usd surged sharply.

• Wall Street's two major investment banks: s&p 500 index will reach 6600 points next year.

On Monday, the stock strategy teams from Barclays and RBC Capital Markets predicted that by the end of 2025, the S&P 500 index will reach 6,600 points. This target implies that the benchmark index will rise by about 10.5% over the next 12 months, roughly in line with the long-term historical average annual return over the past century.

Lori Calvasina, head of US equity strategy at RBC Capital Markets, stated: "Data shows us that another year of robust economic and corporate earnings growth, along with some bullish political factors and further easing of inflation (which will keep the S&P 500's PE relatively high), will drive the stock market higher next year."

Venu Krishna, head of US equity strategy at Barclays, believes that "as inflation continues to normalize, macroeconomic resilience strengthens, and large technology stocks maintain their leadership in eps growth, the s&p 500 index will continue to rise."

• Federal Reserve's Kashkari: Rate cut in December is a reasonable consideration.

Federal Reserve's Kashkari said that a rate cut in December is a reasonable consideration. The neutral interest rate may be higher, and policy restrictions will not be so strict. Geopolitical risks are the primary consideration for economic prospects. No comments on the nominee for the Treasury Department. The government needs to put the United States on a sustainable fiscal path.

• A US judge dismissed the case against Trump for allegedly intervening in the 2020 election.

According to CCTV, on November 25 local time, the judge responsible for hearing the case against US President-elect Trump for allegedly intervening in the 2020 election dismissed the case that day. Special prosecutor Jack Smith had earlier requested the judge to dismiss the case, arguing that 'the sitting president should not face criminal prosecution,' which has been the US Department of Justice's policy for decades. This month, after Trump's victory, cases against him may be successively dismissed. Trump is the first former president in US history to face criminal charges. He has been involved in four criminal cases, totaling 91 criminal charges. Two of the four cases were brought by Jack Smith's team. Trump previously stated that once he is reinstated, he will immediately fire Smith.

• Buffett issues a long article! Donates another $1.1 billion in stocks, designating three trustees for charitable causes.

Buffett will convert 1,600 Class A shares of Berkshire into 2.4 million Class B shares. Buffett stated that Berkshire's holdings account for 99.5% of his wealth. According to a statement from Berkshire, Buffett will donate 1.5 million Class B shares to the Susan Thompson Buffett Foundation, with the Sherwood Foundation, Howard Buffett Foundation, and Novo Foundation each receiving 300,000 Class B shares. Based on last Friday's closing price, the price of Berkshire Hathaway's Class B shares was $476.57, making the total amount of this donation approximately $1.143 billion.

• Ceasefire agreement between Lebanon and Israel is 'close' to being reached, international oil prices sharply declined.

John Kirby, strategic communications coordinator for the US National Security Council, stated that the ceasefire agreement between Lebanon and Israel is 'close' to being reached. Elias Bou Saab, Deputy Speaker of the Lebanese Parliament, said there are no 'serious obstacles' to implementing the ceasefire agreement proposed by the US. According to several Israeli media reports, the Israeli National Security Cabinet will meet on the 26th to approve the ceasefire agreement with Hezbollah. WTI January crude oil futures fell 3.23%, settling at $68.94 per barrel. Brent January crude oil futures dropped 2.87%, closing at $73.01 per barrel.

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

• All three major indices rose! The Dow hit a historic high again.

The three major indices of the USA collectively closed higher, with the Dow rising by 0.99% to set a new historical high, the Nasdaq increasing by 0.27%, and the s&p 500 index up by 0.30%. Spot gold plummeted over 3% during the day, and golden industrial concept stocks fell broadly. $Coeur Mining (CDE.US)$ 、 $Harmony Gold Mining (HMY.US)$ Fell more than 4%, $Gold Fields (GFI.US)$ Fell over 3%. $AngloGold Ashanti (AU.US)$ Dropped nearly 3%.

The nasdaq china golden dragon index closed up 0.44%, with china concept stocks fluctuating. $Alibaba (BABA.US)$ 、 $Baidu (BIDU.US)$ 、 $Youdao (DAO.US)$ 、 $New Oriental (EDU.US)$ Increased by over 2%. On the downside, $NIO Inc (NIO.US)$ fell by more than 3%, $XPeng (XPEV.US)$ Fell more than 2%. $NetEase (NTES.US)$ Fell more than 1%.

• California plans to promote electric vehicle purchase subsidies, excluding Tesla.

California Governor Gavin Newsom announced on Monday that if usa's incoming president Donald Trump abolishes a federal subsidy next year, California plans to offer incentives to electric vehicle buyers. The governor's office stated that the current proposal includes market share restrictions that would exclude Tesla's best-selling electric vehicle models. Details will be negotiated with the state legislature and adjustments may be made. "This is to create market conditions that allow more auto manufacturers to enter the market," the governor's office stated. $Tesla (TSLA.US)$ Fell nearly 4%.

• Attempted to reach $0.1 million but failed, bitcoin fell below $0.094 million, MSTR supported by two institutions on Wall Street.

Profit-taking sentiment in bitcoin is strong, continuing the decline from the weekend. On the news front, Bessent was nominated by the usa Treasury Secretary, and investors expect him to prioritize economic and market stability, which led to the decline of the dollar and bitcoin, while treasury yields rose. The decline in crypto assets has caused. $MicroStrategy (MSTR.US)$ Fell over 4% against the market.

Although MSTR corrected today, it does not prevent two institutions on Wall Street from continuing their support. The well-known Wall Street institution Bernstein significantly raised its target price for bitcoin holder MSTR from $290 to $600, expecting a further 40% upside. This is exactly contrary to the recent bearish view from Citron.

Another brokerage, Canaccord, raised its target price for MSTR from $300 to $510 and reiterated its buy rating. Canaccord stated that a new method should be used to value MSTR. "Traditional profit and loss statement earnings indicators no longer apply to MSTR, as the company's software business only accounts for a single-digit percentage of its current enterprise value. The dollar-denominated appreciation of each BTC reflects everything happening with MSTR."

• Super micro computer rose nearly 16%, rebounding over 120% from the low point on November 15.

$Super Micro Computer (SMCI.US)$ Rose nearly 16%, rebounding over 120% from the low point on November 15. In news, super micro computer announced that it has submitted a compliance plan to the nasdaq. Analysts say that if super micro computer can obtain approval from the nasdaq exchange, the company will be allowed to submit its audited financial report for the previous fiscal year by February next year.

• Aiming at nvidia! Report: amazon is deploying 100,000 second-generation self-developed chips to challenge the industry monopoly.

Currently, $Amazon (AMZN.US)$ The Trainium2 chip has begun deployment in datacenters, and it is expected to be fully promoted in several core datacenters, including ohio, soon. Compared to the previous generation products, its performance has increased fourfold, memory capacity has tripled, and it has significant advantages in energy efficiency and cost. Amazon's stock rose by over 2%.

• After Trump's nomination of the FDA director, the supplier of "affordable weight loss drugs," Hims & Hers, surged nearly 24% to reach an all-time high.

The supplier of "affordable weight loss drugs". $Hims & Hers Health (HIMS.US)$ Hims & Hers rose nearly 24%, closing at $31.35, reaching an all-time high. The reason is that institutions Hunterbrook Media, which targets short sellers like Citron, believe that Trump's nomination of Marty Makary as the director of the US Food and Drug Administration (FDA) will benefit Hims & Hers.

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.

On November 25th (Monday), southbound funds net bought 1.202 billion HKD in Hong Kong stocks.

$BABA-W (09988.HK)$、$CHINA MOBILE (00941.HK)$、$PING AN (02318.HK)$Net purchases were 0.852 billion HKD, 0.335 billion HKD, and 0.216 billion HKD respectively;

$MEITUAN-W (03690.HK)$、$SMIC (00981.HK)$、$XPENG-W (09868.HK)$Net sales were 1.541 billion HKD, 0.268 billion HKD, and 0.230 billion HKD respectively.

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: Conference Board Consumer Confidence Index; Pony.ai; Dell Technologies

In terms of financial data, the Conference Board Consumer Confidence Index will be released at 23:00, and the US FHFA House Price Index month-on-month rate, along with other real estate data such as the annualized number of new home sales in the USA, will be published sequentially.

In terms of financial reports, $ZHIHU-W (02390.HK)$Will release the financial report after the hong kong stock market closes.$Dell Technologies (DELL.US)$、$CrowdStrike (CRWD.US)$、$HP Inc (HPQ.US)$will release its financial report in post-market trading.

In terms of new stocks, $Pony AI (PONY.US)$Will be listed on the nyse today.

Futubull Morning News:

In life, it is difficult to reach the peak, and once you reach the peak, it is difficult to hold onto that position for a long time.

"- Charlie Munger"

Editor/Lambor