Just now, 3 important news came from the market! The following are:
1, News 1: Berkshire Hathaway revenue in the third quarter was US$76.934 billion, compared with US$70.583 billion in the same period last year; net loss attributable to shareholders was US$2.69 billion, net income was US$10.34 billion in the same period last year; loss per EPS in the third quarter was US$1,832, and profited by US$6,882 last year.
Personal opinion: Stock God Buffett company's third quarter report is released. The performance of the third quarter report of the Stock God is not very good. This year's third quarter report was a loss. The trend of in the third quarter was not very good. It is normal for stock gods to lose money. The stock god focuses on long-term returns. I don't care about this short-term fluctuation at all. Buffett doesn't care about this loss at all. He still has a lot of cash in his hand and is aiming at the target to take off. Berkshire Hathaway said that as of September 30, it owned $24.4 billion worth of Chevron stock; $31.2 billion Bank of America stock and $126.5 billion Apple stock.
2, News 2: Beijing Hyundai fuel vehicles will be fully hybridized in 2025 to reach an annual sales of 300,000
Personal opinion: Previously, BYD has entered the full production, manufacturing and sales of electric vehicles. BYD is very optimistic about the prospects of new energy vehicle and the penetration rate of . Otherwise, there wouldn't be such a move. There are new actions in Beijing Hyundai now. Beijing Hyundai plans to fully hybridize fuel vehicles in 2025, which means that Beijing Hyundai will also turn its attention to hybridization and pure electric in the future. This may further increase the penetration rate of new energy vehicles! The new energy sector will still have good prospects in the future!
3, News 3: On the first day of the CIIE, China Petroleum signed a large order of US$16.79 billion
Personal opinion: The CIIE opened last night. On the first day of the CIIE, China Petroleum signed 30 procurement agreements with 30 partners from around the world, with a total contract amount of US$16.79 billion. This is really a big deal, a big order! I guess those 30 companies will be very happy and get a big order on the first day! In the next few days, there are probably many large orders coming out at the CIIE. After all, China now has broad market prospects, and many new and high-quality products at the CIIE will be favored by importers and consumers.
A shares Comments: Last night's RMB rose by more than 1,500 points in a single day, which is rare in history. Northbound funds are quite sensitive to exchange rate . As long as the exchange rate shows an appreciation trend, northbound funds will begin to flow into A-shares in large quantities. Northbound funds have been selling off blue-chip stocks before because of concerns about the exchange rate. Now that the exchange rate has changed significantly, the attitude of northbound funds will also change. In fact, when the exchange rate of northbound funds changed yesterday, nearly 10 billion yuan had flowed in. After the close, the appreciation of the RMB further expanded, and northbound funds are expected to make a big move in to buy next Monday!
A shares performed quite well last week. The outside world didn't perform very well last week. However, A-shares withstood the pressure of the decline of US stocks and rose sharply. A-shares recovered 3,000 points in one fell swoop, and Hong Kong stocks recovered 16,000 points. A-shares and Hong Kong stocks rose sharply at the same time. Exchange rate changes are only one aspect, but more importantly, the valuation of A-shares is quite cheap. Now it has only taken a step to return to valuation. The market that just started is actually unlikely to end in an instant when the exchange rate appreciates and the trading volume increases.
This rebound is not a simple rebound. A-shares and Hong Kong stocks have reversed at the same time. In the short term, it will be difficult for A-shares to return to the level below 3,000 points. However, since a lot of gains have accumulated in the short term, it is not realistic to continue to rise. A-shares may fluctuate around 3100 points next week. Maybe, opened high and closed low on on Monday, making people feel that the rebound is over. It will rise again in the next few days. For value investors, these volatility can be ignored. In terms of sectors, you can pay attention to the retaliatory rebound of blue-chip stocks with high performance! This wave of A-share market will be even bigger than expected!
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