Today's Important News Review | Dolphin Investment Research

0814 Dolphin Focus:

🐬 Macro/Industry

1. In July, the US PPI increased by 0.1% month-on-month, lower than the 0.2% increase in June; the PPI increased by 2.2% year-on-year in July, also lower than the 2.7% year-on-year increase in June, setting the smallest year-on-year increase since March this year. With the PPI data falling below expectations, the Fed's rate cut expectations have risen, leading to a surge in the US stock and bond markets. Tonight at 8:30, the highly anticipated US CPI data for July will be released, potentially bringing greater market volatility.

🐬 Individual Stocks

1. $Alphabet(GOOGL.US)

Google held a new product launch event at its Mountain View headquarters, officially introducing the Pixel 9 series phones, as well as new hardware such as smartwatches and headphones. At this time, Google is one month ahead of Apple, showcasing the possibilities of AI + smartphones in its Pixel new devices. Meanwhile, another noteworthy development is that following a court ruling that Google's dominant position in the search market violates antitrust laws, the US Department of Justice is considering the rare option of splitting Google under Alphabet, with the most likely divisions being Google's Android operating system and the Chrome web browser. Stimulated by this news, Google's stock price turned downward after hours.

2. $Intel(INTC.US)

Intel sold its stake in chip design company Arm in the second quarter, raising approximately $147 million for Intel. Intel's stock price has dropped nearly 60% from its high point earlier this year, and the second-quarter financial report falling significantly below expectations added to the pressure. In response, Intel has taken various measures, such as significant layoffs to reduce expenses, in an effort to turn around its business.

3. XPeng Motors

The SOP delivery of the company's acquisition of Didi's smart car development business assets took place on August 13, 2024.

4. Dolphin Focus on Company Financial Reports and Conference Call Minutes

Sea: "Sea: Strength Shatters Ghost Stories, Southeast Asia's Little Tencent Still Going Strong", "Sea: Will the Good Growth Trends in E-commerce and Gaming Continue?"

Tencent Music: "Tencent Music: Minor flaws but a sharp drop, was Anthony Davis wrongly killed?"

Tencent has released its financial report, and Dolphin will track and provide analysis tonight.

🐬 Leading Sectors

SH/SZ: Telecommunications services, electronic games and multimedia, security and alarm services;

HK: Insurance brokerage companies, consumer finance, sports equipment and other leisure products;

US: Tire and rubber, semiconductor manufacturers, footwear.

🐬 Focus Tomorrow

1. China's Medium-term Lending Facility (MLF) bid rate, China's MLF operation scale; China's industrial added value year-on-year, China's total retail sales of consumer goods year-on-year;

2. US retail sales monthly rate, US import price index monthly rate, US industrial output monthly rate, US business inventory monthly rate.

3. Alibaba, JD.com, Leapmotor, Goerl release financial reports.

Risk disclosure and statement in this article: Dolphin Research Disclaimer and General Disclosure