WeChat e-commerce surprise moment, multiple stocks surge; what will "Firefly" bring to Nio? | Today's important news review

1219 Dolphin's Key Focus:

🐬 Macro/Industry

1. Last night, the Federal Reserve announced a 25 basis point rate cut as expected, but the latest dot plot shows that policymakers expect only two rate cuts next year, down from four predicted in September. This hawkish expectation management led to a sharp drop in U.S. stocks at the end of the trading session, with all three major indices falling over 2.5%. As a result, the Asia-Pacific market opened lower this morning, though it warmed slightly after the lunch break.

2. The WeChat team announced that the WeChat Mini Store has officially launched a gray test for the "Gift" feature. According to the announcement, currently, except for the two categories of jewelry and education and training, all other categories of WeChat Mini Store products priced at no more than 10,000 yuan will default to support the "Gift" feature, which is almost indistinguishable from a full launch. With the year-end approaching and Christmas, New Year, and Spring Festival around the corner, the launch of this feature greatly enhances the imagination for the integration of social e-commerce. Today, stocks related to WeChat Mini Store collectively surged.

🐬 Individual Stocks

1. $ NIO(NIO.US)

Nio's third brand "firefly" has launched its official WeChat account, public account, and mini program today, along with the brand logo. The firefly brand will officially debut at NIO Day 2024 on December 21, with its first product making a global premiere.

2. $ Baidu(BIDU.US) /$ TENCENT(00700.HK)

There are reports that Apple is in preliminary negotiations with Tencent and ByteDance to consider embedding their AI models in iPhones sold in China. Tencent responded with "no comment," and ByteDance has not yet responded. Prior to this, Apple had attempted to collaborate with Baidu, actively exploring the introduction of AI features for Chinese users through Baidu's language model.

3. Dolphin's Key Follow-up on Earnings Reports and Conference Calls

Micron:《 Micron: AI is Hot but Can't Fill the "Cyclical Pit"》、《 Micron: Expects HBM Revenue to Reach Billions of Dollars by 2025 (FY25Q1 Conference Call)》

🐬 Leading Sectors

Shanghai and Shenzhen: Cloud and data centers, hardware storage and peripherals, communication equipment;

Hong Kong Stocks: Managed healthcare, airlines - passenger transport, airports - operators;

U.S. Stocks: Managed healthcare, medical services, medical product distributors.

🐬 Attention for Tomorrow

1. China's one-year loan market quoted interest rate.

2. U.S. core PCE price index month-on-month, U.S. core PCE price index year-on-year, U.S. one-year inflation expectation final value.

The risk disclosure and statement of this article: Dolphin Investment Research Disclaimer and General Disclosure