Review of the market this week

The performance of the three major indexes of US stocks has been mixed this week.$Dow (.DJI.US) $Down 0.80%$S & P 500 (.SPX.US) $Up 0.41%$Nasdaq Composite Index (.IXIC.US) $Up 1.85%.

Us inflation data released this week showed that five consumer price indices rose 5 per cent year-on-year, the highest level since oil prices soared in the summer of 2008.

The number of people applying for unemployment benefits dropped to 376000 this weekIt is still the lowest since the outbreak last year.。

According to data released by the U.S. Department of Labor, in the week ended June 11,Initial claims for national unemployment benefits fell to 37.6; slightly higher than the Dow Jones estimate of 370000。

Review of market hotspots

1. Us inflation figures break out again in May

On the evening of the 10th, Beijing time, the United States released May CPI data:CPI increases by 5% year on yearEstimated at 4.7%, compared with a previous value of 4.2%, the largest annual increase since August 2008The core consumer price index rose 0.7% from the previous month, up 3.8% from a year earlier.It was the biggest annual increase since 1992. This far exceeded economists' expectations and further heightened concerns about US inflation.

two。 Major antitrust reforms in the United States have been unveiled, and four of the FAANG may be split!

On Friday, June 11, the U.S. House of Representatives released five bills that still exist in draft form.Amazon.Com Inc, Apple Inc, Facebook Inc and Alphabet Inc-CL C became the only four technology giants that met the criteria.. Antitrust reforms, supported by lawmakers from both parties, could reshape the business norms of America's tech giants.

The analysis said that this can be called the "biggest legislative effort" so far by a congressional subcommittee against a small number of technology companies.If the bill is passed by both the Senate and the House of Representatives, the four technology giants will have to completely change their business practices, making acquisitions more difficult, or even broken up.。

3. G7 head Program Officer declares support for Global minimum Corporate tax

The Group of Seven (G7), made up of the United States, Germany, France, Italy, Canada, Japan and the European Union, held a three-day summit on the waterfront of Casby Bay in the British town of Cornwall from Friday to Sunday, June 11.

Earlier, the White House announced that the G7At least 15% will be approved on the first day of the summit.The Global minimum Corporate tax Initiative (GMT)），It will also announce a new tax agreement to replace the digital services tax (DST) levied by some countries on the largest technology companies in the United States, and require the largest and most profitable multinationals to pay taxes in the countries in which they operate, not just at their headquarters.

G7 leaders are "actively considering" expanding the distribution of the International Monetary Fund to countries in need.IMFThe Special drawing Rights (SDR)), which can be as large as 1000100 million US dollars，It is designed to help low-income countries buy COVID-19 vaccines and restore their economies. In addition, the leaders of the Group of Seven also agreed to continue to implement fiscal stimulus.

4. The United States revokes the relevant administrative orders on TikTok, Wechat and other Chinese applications.

U.S. president Joe Biden signed an executive order lifting former President Donald Trump's ban on Chinese social software TikTok and Wechat during his term of office, foreign media reported.

5. Us stocks invest like this in the second half of the year! Big motorcycle: the four main plates of Jiakang

Recently, Morgan Stanley held a mid-2021 outlook and investment conference, predicting that the Fed will tighten monetary policy more quickly, and US stocks will pull back by 15 per cent.

Morgan Stanley is concerned that after the most optimistic quarterly earnings correction in history, the consensus forecast for next year is now higher than what its analysts have predicted to be achievable since the recovery began. More specifically,Taking into account the disadvantages of inflation and taxesThe bank believes that profit margin estimates are too high and that the market should start to consider these factors by lowering valuations.

Morgan Stanley is bullish on necessities, health care and raw materials stocks rather than technology stocks, non-necessities and industrial stocks.Morgan Stanley also continues to be bullish on bank stocks as the best way to deal with inflation and suggests avoiding representative industries such as semiconductors, retailers and building materials that are early cycles. Finally, looking back on the entire portfolio and finding a reasonable valuation for the value of the company is still an important consideration.

Review of hot spots in the company

1. FAANG has a bright performance, Amazon.Com Inc leads the overseas core assets this week.

A number of overseas core assets outperformed the Nasdaq this week.$Amazon.Com Inc (AMZN.US) $The annual growth rate has changed from negative to positive this week.Among them$Alphabet Inc-CL A (GOOGL.US) $This year led the growth of core assets, with an increase of 43.5%.

2. The concept of WSB is hot! SEC says it wants to protect individual investors

The Securities and Exchange Commission (SEC) said on Monday that it was closely watching the recent frenzied trading of meme shares to ensure market stability. A spokesman for SEC said, "in view of the continued volatility of some stocks, SEC staff will continue to monitor the market to determine whether there are market disruptions, manipulative trading or other misconduct. In addition, if violations of federal securities laws are found, we will take action to protect individual investors. "

WSB "new lovers" emerge one after another this week, except for the well-known ones.$AMC cinema line (AMC.US) $和$Game Station (GME.US) $There are successively$CLOVER HEALTH INVESTMENTS CORP (CLOV.US) $$ContextLogic (WISH.US) $Wendy (WEN.US) $GEO Correctional Services Group (GEO.US) $$Clean Energy Fuels Corp. (CLNE.US) $Wait for the company to become the target of individual investors.

3. Apple Inc won many famous singers after the WWDC conference.

Daimo Katy Huberty said$Apple Inc (AAPL.US) $Two highlights of the 2021 Global developers Conference (WWDC) include the new home work learning enabler, the advanced AI/ML features, the enhancement of Apple Inc's health platform, and the new "privacy enabler". Huberty believes that new software updates, coupled with new hardware released in late summer and fall this year, will enable Apple Inc to achieve the third consecutive year of growth in fiscal year 2022. Huberty maintains Apple Inc's "overweight" rating, with a target share price of $161m.

Huberty pointed out that it was clear that after the launch, Apple Inc's vertically integrated ecosystem remained a key point of differentiation that competitors could not replicate, including world-class hardware, software and industry-leading services.

Dan Ives, an analyst at Wedbush, reiterated that Apple Inc's market capitalization could reach $3,000bn by 2022. At the end of April, the analyst said Apple Inc would reach a market capitalization of $3,000bn in the next 12 months.

4. Tesla, Inc. 's new Model S Plaid version begins to be delivered

Tesla, Inc. (TSLA.US) held an Model S Plaid delivery event at his California factory on June 10, local time, and officially delivered 25 Model S Plaid to users.

According to Tesla, Inc., the new car has a range of 628km under EPA conditions, the comprehensive power of the three-motor all-wheel drive system is as high as 750kW, the 100km acceleration takes only 2.1s (minus a foot of start time), and the top speed is as high as 322km/h. Musk said the Model S was built into the fastest production car to prove that electric cars are ahead of gasoline cars in all directions, whether in terms of performance or everything else.

Mark Delaney, an analyst at Goldman Sachs Group, believes that Model S Plaid shows the superior acceleration performance of electric vehicles compared to internal combustion engine vehicles, which also supports its positive view that electric vehicles are widely adopted. Therefore, the analysisMaintain Tesla, Inc. 's "buy" rating, with a target price of $860。

5. KANZHUN LIMITED first closed up 95.79%, with a total market capitalization of US $14.878 billion

Futu News on June 12, Friday evening, U. S. stocks, China's leading online recruitment platform$KANZHUN LIMITED (BZ.US) $Officially landed on NASDAQ, this IPO, Futu and Goldman Sachs Group, Morgan Stanley, UBS and other co-underwriters.

KANZHUN LIMITED first opened 76.3% higher, rising to 100% at one point in intraday trading. By the end of the day, GZ shares were up 95.79% at $37.2, with a total market capitalization of $14.878 billion.

Hot spots next week

Next week's blockbuster star company:$Kroger (KR.US) $$Jeep Technology (JBL.US) $$Oracle Corp (ORCL.US) $$Lionel Construction Company (LEN.US) $$Adobe Inc (ADBE.US) $$Waterdrop Inc. (WDH.US) $Financial reports will be released one after another.

Next week, IPO:$AiHuiShou International (RERE.US) $$WalkMe Ltd. (WKME.US) $$Lyell Immunopharma, Inc. (LYEL.US) $$ATAI Life Sciences B.V. * (ATAI.US) $等。

The following are important data and events for next week's trading day (June 14-June 18):

• Next week's major events:Federal Reserve FOMC Announces interest rate decision, Policy statement and Economic expectations。

• Important economic data to be released next week:Us Federal Reserve interest rate decision (ceiling) (%), May PPI monthly rate (%), US May retail sales monthly rate (%), US June New York Fed manufacturing index, US EIA crude oil inventory, API crude oil inventory, US foreign central bank holdings of US Treasuries in the week to June 14 (billion US dollars), etc.

These are all the contents of this issue of US Stock Weekly. Thank you for your reading and sharing. We will see you next week. If you have any suggestions, you are welcome to leave a message in the comments section.