1. The June FOMC meeting is coming! The dot plot has attracted market attention
2. Are Hong Kong Internet stocks bullish in the second half of the year? Institutions say these companies may be worth paying attention to
3. Goldman Sachs' view on oil prices has changed, UBS and Bank of America say they are oversold, and Buffett also buys at the bottom
4. Apple WWDC24 highlights: AI officially debuts; major updates to iOS 18 and other systems
5. CrowdStrike surged more than 7% and was included in the S&P 500 index

State Council Executive Meeting: Accelerate the construction of a new model for real estate development, study and reserve new policies and measures to reduce inventory and stabilize the market

The meeting pointed out that efforts should be made to promote the implementation of the real estate policies and measures that have been issued, and continue to study and reserve new policies and measures to reduce inventory and stabilize the market. It is necessary to accelerate the construction of a new model of real estate development, improve the "market + guarantee" housing supply system, and promote the stable and healthy development of the real estate market.

The June FOMC meeting is coming! The dot plot has attracted market attention

At 2:00 a.m. Beijing time on June 13, the Federal Reserve announced its interest rate decision and a summary of economic expectations, and Chairman Powell subsequently held a monetary policy press conference. At present, the market generally expects the Federal Reserve to keep interest rates unchanged for the seventh consecutive time, but the summary of economic expectations and the interest rate dot plot released this time have attracted much attention. According to the median estimate of a media survey, 41% of economists expect the Federal Reserve to send out two interest rate cut signals in the "dot plot". The market believes that the Federal Reserve may reduce the number of interest rate cuts this year, and the reason for the interest rate cut may be more important than the timing of the interest rate cut.

🔗【Interesting Talk about the Federal Reserve】: Do you understand the "dot chart" released by the Federal Reserve? >>

Are Hong Kong Internet stocks bullish in the second half of the year? Institutions say these companies may be worth paying attention to

Although the Hang Seng Technology Index has been adjusting recently, Bocom International has proposed in its latest analysis report that it is expected that Internet stocks will see a rebound in valuation in the second half of this year. According to Bocom International's stock selection criteria, performance growth > industry competition > industry space > new business potential > shareholder returns > valuation multiples space, and they are optimistic about Tencent, Ctrip Group, Pinduoduo, New Oriental-S, Good Future, and NetEase.

New York Fed survey: Short-term inflation expectations fell slightly, consumers are most optimistic about the stock market in three years

On Monday, a monthly consumer survey released by the New York Federal Reserve showed that in May, American households were more optimistic about the country's stock market outlook than in three years. People were also more optimistic about their household finances. Consumers' short-term inflation expectations fell slightly from April, and long-term inflation expectations rose to a certain extent. It should be noted that the last time people were as optimistic as they are now was in May 2021. About half a year later, the U.S. stock market reached its stage peak at that time, and then there was a sharp correction in 2022.

Related opportunities: $SPY , $QQQ , $TQQQ

China's gold ETFs see inflows for fifth consecutive month

According to the World Gold Council, China's gold ETF market has achieved inflows for the fifth consecutive month. In April, China's gold ETFs inflows reached about 9 billion yuan (1.3 billion U.S. dollars), setting a monthly record, while also pushing the total asset management scale to a new high of 46 billion yuan (6.4 billion U.S. dollars).

Goldman Sachs' view on oil prices has changed, UBS and Bank of America say they are oversold, and Buffett also buys at the bottom

Goldman Sachs recently said that due to summer transportation and air conditioning demand, the crude oil market will see a considerable supply shortage of 1.3 million barrels per day, and the price of Brent crude oil is expected to rise to $86 per barrel in the third quarter. If it is necessary to stabilize the oil market, OPEC+ can postpone, suspend or revoke its decision to increase production. Goldman Sachs' view has changed from just a week ago. UBS and Bank of America also believe that oil prices are oversold recently. Buffett increased his holdings of Western Petroleum on dips.

Related opportunities: $SCO , $UCO , Occidental Petroleum

Apple WWDC24 highlights: AI officially debuts; major updates to iOS 18 and other systems

1. Apple announced a partnership with OpenAI to integrate its ChatGPT.
2. Apple announced the "Apple Intelligence" suite around AI capabilities that can prioritize push notifications, summarize text, and generate images.
3. Apple released VisionOS 2, the operating system for Vision Pro, which uses robotic learning to create spatial and 3D images.
4. Apple's Vision Pro headset will be launched in China, Japan and Singapore on June 28.
5. Apple announced that the Calculator app is coming to the iPad.
6. Apple released macOS 15, which will have a feature called "iPhone mirroring" that allows you to use your Mac to operate your iPhone.
7. Apple has proposed the concept of "private cloud computing": "Apple Intelligence" will enable cloud computing mode on dedicated servers using Apple chips to ensure the privacy and security of user data.
8. Apple has announced satellite text messaging capabilities for its iMessage and Messages apps.
9. Apple released updates for iOS 18, iPadOS 18, watchOS 11 and other systems.
10. Siri will benefit from the big-model intelligent experience brought by Apple Intelligence, which will bring huge improvements.

On Monday, the three major U.S. stock indexes closed slightly higher, with the Dow Jones Industrial Average up 0.18% at 38,868.04 points, the S&P 500 up 0.26% at 5,360.79 points, and the Nasdaq up 0.35% at 17,192.53 points. Chip stocks supported the S&P and Nasdaq to rebound to a record high ; Nvidia fell more than 3% during the session and then turned up, approaching a record high; AMD fell more than 4%, while TSMC, Broadcom, Applied Materials, and Micron Technology all hit new highs ; Apple WWDC fell nearly 2% on the first day; CrowdStrike, KKR, and GoDaddy, which are about to be included in the S&P, hit new highs ; GameStop closed down 12% , a double-digit drop for several days.

Nvidia closed up nearly 1% on the first day of stock split

On the first day of the stock split, Nvidia closed up 0.75% at $121.79, approaching its all-time closing high of $122.44 set on June 5. Its closing market value was $3.00 trillion, surpassing Apple and second only to Microsoft.

CrowdStrike surged more than 7% and was included in the S&P 500 index

Cybersecurity company CrowdStrike closed up 7.29%. The stock was officially included in the S&P 500 index on Monday. Some foreign analysts believe that CrowdStrike's valuation is out of line with the industry average valuation. At present, CrowdStrike's momentum may not be as strong as before.

Morgan Stanley downgrades AMD stock rating: AI business still faces difficulties, investors need to adjust expectations

Morgan Stanley, an American investment bank, downgraded its rating on Advanced Micro Devices from "outperform" to "in line with the market". Morgan Stanley analysts said that for AMD, the "threshold" of artificial intelligence is still high, and investors are better off choosing "larger" companies like Nvidia. "We like AMD's story, but investors' expectations for its AI business are a bit too high."

GAC Group's car sales in May were 156,518 units, down 25.33% year-on-year

GAC Group issued an announcement that the company's automobile production in May 2024 was 139,994 units, a year-on-year decrease of 37.62%. The cumulative production this year was 689,075 units, a year-on-year decrease of 28.62%; the automobile sales in May 2024 were 156,518 units, a year-on-year decrease of 25.33%. The cumulative sales this year were 699,529 units, a year-on-year decrease of 24.51%.

Sunny Optical Technology (02382.HK): Mobile phone lens shipments in May reached 104 million units, up 9.6% year-on-year

China Jinmao (00817.HK) signed sales of RMB 7.22 billion in May

Longfor Group (00960.HK)'s contract sales attributable to shareholders in May amounted to RMB5.98 billion

Shimao Group (00813.HK): Total contract sales in the first five months reached RMB 13.78 billion

Zhongliang Holdings (02772.HK): Cumulative contract sales from January to May reached 8.06 billion yuan

Hopson Development Group (00754.HK)'s total contract sales in May amounted to approximately RMB 1.665 billion

Xuhui Holdings Group (00884.HK)'s cumulative contract sales from January to May reached 17.46 billion yuan

Hongyang Real Estate (01996.HK): Cumulative contract sales from January to May reached RMB 4.101 billion

Powerlong Real Estate (01238.HK)'s contract sales in May reached 1.208 billion yuan

Centaline Construction (09982.HK) achieved contract sales of 1.019 billion yuan for managed projects in May

Central China Real Estate (00832.HK) achieved total property contract sales of RMB 3.53 billion in the first five months

Xintian Green Energy (00956.HK): Power generation in May was 1.1947 million MWh, down 3.88% year-on-year

Longyuan Power (00916.HK): Power generation in May was 6.5772 million MWh, down 7.52% year-on-year

US stock earnings

Pre-market: Zeekr

After hours: Oracle

The above is today’s Washington Morning News. You are welcome to leave a message for discussion. I wish you a smooth investment!

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