Today's Key News Review | Dolphin Research

0605 Dolphin Focus:

🐬 Macro/Industry

1. In May, Caixin China's service PMI rose to 57.1, and supply and demand continued to maintain an expansion trend. The service PMI and new order index have both been above the boom-bust line for five consecutive months, and both are the second highest values since December 2020. In addition, China's May Caixin composite PMI reported 55.6%, up from 53.6% in the previous month, reaching a new high since 2021, showing that Chinese companies are accelerating their production and business activities.

🐬 Individual Stocks

1. $ Microsoft.US

The pricing of Office 365 AI assistant was exposed, and it is reported that 100 customers have paid an annual fee of up to 100,000 US dollars. Compared with the classic version, the price of this AI version of Office 365 is at least 40% higher than the normal version, and it has value-added functions such as automatically writing text in Word documents and automatically creating PPT.

2. $ CATL.CN

There was a sharp sell-off in early trading today, with a drop of more than 5%, dragging down the entire new energy vehicle sector. This is mainly due to the impact of the weekend article, which stated that the North American Tesla Model 3 standard version received a full subsidy of 7,500 US dollars. The market is worried that Tesla has abandoned Ningde Times battery cells to meet the requirements of the IRA Act, and the worry about the decoupling of China and the United States has intensified. New energy relying on overseas markets has continued to be negatively impacted. However, Ningde Times responded that there has been no change in cooperation with North American customers. In addition, the company's batteries have not been detained by US customs.

🐬 Leading Sectors

Shanghai and Shenzhen: Web-based data and services, LAN equipment, cable equipment;

Hong Kong stocks: Semiconductor equipment and services, household appliances and tools, medical and healthcare distributors;

US stocks: Clothing and accessory retail, other mining, automotive and ship electronic manufacturing.

🐬 Tomorrow's Focus

1. Apple will hold the 2023 Developer Conference.

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