0710 Dolphin Focus:
🐬 Macro/Industry
1. The latest data released by the National Bureau of Statistics shows that in June, the CPI increased by 0.2% year-on-year and decreased by 0.2% month-on-month; the PPI decreased by 0.8% year-on-year, with a narrowing decline compared to the previous month by 0.6 percentage points, and a month-on-month change from a 0.2% increase to a 0.2% decrease. The inflation data for June shows that demand remains weak, with both CPI and PPI falling month-on-month, limited improvement year-on-year, and the economy in a continued state of weakness.
🐬 Individual Stocks
1. $ Baidu(BIDU.US)
Baidu opened significantly higher today, rising over 12% intraday, mainly benefiting from the potential profitability of the "Luobo Kuaipao" in realizing a driverless ride-hailing business model. Luobo Kuaipao has landed first in Wuhan, opened passenger testing and operation services in 11 cities, and conducted full unmanned autonomous driving travel service tests in Beijing, Wuhan, Chongqing, Shenzhen, and Shanghai. Currently, unmanned orders in Wuhan are experiencing explosive growth, leading to a collective surge in the A-share intelligent driving sector.
2. $ Taiwan Semiconductor(TSM.US)
TSMC announced its sales revenue for June 2024. Under the AI wave, semiconductor demand remains strong. In June, TSMC's revenue was 207.9 billion New Taiwan Dollars, an increase of 32.9% year-on-year and a decrease of 9.5% month-on-month. The cumulative sales revenue for this year reached 1.26615 trillion New Taiwan Dollars, approximately 38 billion US dollars, an increase of 28.0% compared to the same period last year. In addition, TSMC will start trial production of chips using the 2nm process node next week, much earlier than expected. It is expected that Apple will secure all of TSMC's 2nm production capacity, and the iPhone 17 series may be the first devices to use chips produced with this advanced process.
🐬 Leading Sectors
Shanghai and Shenzhen: Highway Passenger Transport, Medical Services, Auto Parts and Equipment;
Hong Kong: Medical Information Services, Computer and Electronics Retailers, Water and Soft Drinks;
US Stocks: Consumer Electronics, Airport Operators, Automobile Manufacturers.
🐬 Focus Tomorrow
1. US Seasonally Adjusted CPI MoM, US Seasonally Adjusted Core CPI MoM, US Unadjusted CPI YoY, US Unadjusted Core CPI YoY.
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