Bloomberg

• Wall Street's optimism about the stock market hit a 20-year high

The last time Wall Street analysts were so optimistic about the stock market was 20 years ago. Of all the recommended stocks in the s & p 500, about 56% are bought stocks, the highest level since 2002. This shows the frenzy that swept the market after a sensational earnings season.

While analysts have always been bullish on the stock market, they have become more optimistic as the stock market continues to rise and many companies beat their highest expectations. While there are concerns about delta variants or the weakening of Fed stimulus measures, this has not had much impact on share prices.

It is not just the financial environment and low interest rates that are driving demand for risky assets. A huge fundamental improvement in the market is expected by 2022.

-Todd Jablonski, Chief Investment Officer, Principal Global assets

• Delta variants wreak havoc, global supply chain may recreate crisis

The United Nations estimates that about 42 per cent of global exports come from Asia. Asian markets ravaged by Delta variants could cause the global supply chain to enter a crisis again.

It has been a tough year for exporters. The shortage of containers has led to extremely high shipping costs, while raw materials such as semiconductors have become more expensive and difficult to procure in the face of hot demand.

The Delta variant could seriously disrupt Asian trade. So far, most markets have been lucky to manage the outbreak. But as the mutant virus continues to spread, this good fortune may come to an end in many places.

-Deborah Elms, Executive Director, Asia Trade Center

Wall Street Journal

• Since the epidemic has risen more than 10 times, the market capitalization is more than Ford! How did the used car giant Carvana succeed?
  

Online dealers of used cars famous for their auto vending towers$Carvana Co. (CVNA.US) $The secret of success: the way you deal with car loans, resulting in a big increase in income.

The company became a market darling during the outbreak, benefiting from huge demand and high prices for used cars. Since the bottom of March 2020, the company's stock has soared by more than 1000% and now has a market capitalization of more than$F.US (Ford) $。

In fact, selling cars is only part of the reason why Carvana makes money. In the second quarter of this year, about 36 per cent of Carvana's gross profit per car came from loans to customers who bought cars, while retail accounted for 39 per cent of gross profit per unit. Other types of income, including income from vehicle service contracts. Last quarter, a surge in loans helped Carvana make a quarterly profit for the first time.

• Apple Inc's new product is predicted, with iPhone13 and Macbook Pro in the list.
  

Bloomberg reporter Mark Gurman said in the latest issue of Power On$Apple Inc (AAPL.US) $A number of conferences are planned for this fall, with the release of new iPhone, Apple Watch, AirPods, iPad mini and redesigned MacBook Pro.

He believes that the next generation of Apple Inc iPhone is a typical S work, which will switch to better cameras and stronger chips as much as possible while retaining the design of the previous generation of models. According to the latest news, Apple Inc will release iPhone 13 next month, when the new machine will launch 5nm + technology, Taiwan Semiconductor Manufacturing Co Ltd is the exclusive contract factory.

CNBC

• Wall Street star bullish Yardeni: productivity increases sharply, economy will continue to prosper

Wall Street star bullish Yardeni said in an interview that the US economy is at a tipping point of Nirvana.

Despite the uncertainty about inflation and novel coronavirus's variation, the long-time market bullish believes the epidemic is significantly accelerating the adoption of cutting-edge technologies designed to boost productivity by US companies, a move that will lead Wall Street into the 1920s of modern prosperity.

Corporate earnings will continue to climb to record highs. Everything has been selected, nothing is cheap, it is difficult to let everyone in now. But I think the S & P will reach 5000 by the end of next year or earlier.

Wall Street star bullish Yardeni

• HSBC: the market is no longer afraid of inflation, the stock market is expected to continue to rise

Chan, chief investment officer of HSBC Wealth Management, said the market is no longer worried about inflation and is now focused on the spread of novel coronavirus's variant Delta.

Markets seem to have grown accustomed to the concept after investors assessed whether the Fed might be forced to tighten monetary policy, with concerns about persistently high inflation. Although the US consumer price index grew at an annualised rate of 5.4 per cent in July, yields on 10-year Treasuries fell, suggesting that the market had "nothing to worry about but itself" on inflation.

Even when analyzing stock market volatility, the S & P 500 has been rising month by month since January, despite inflation concerns. Even in May and June, when inflation fears were highest, positive returns were achieved. All this suggests that financial markets are no longer worried about rising inflation.

-Chan, Chief Investment Officer, HSBC Wealth Management

Financial Times

• Q2 advertising revenue increased by 192% compared with the same period last year, and the latest valuation of American Tieba Reddit is $10 billion.

Earlier this year, the interaction of users of online forum Reddit on the WSB section disrupted the U. S. stock market. Today, the forum's valuation has also soared, valuing it at $10 billion in a new round of funding.

The fundraising round, led by Fidelity Investments, has increased Reddit's valuation by 67 per cent since the last round in February. The deal will provide up to $700m in new financing for the social media company, meaning its market capitalization has more than tripled in two and a half years.

Reddit, which has a history of 16 years, says its advertising revenue reached $100m for the first time in 2021, up 192 per cent from a year earlier. Founded a year later than Reddit.$Twitter (TWTR.US) $Over the same period, it generated $1.2 billion in revenue from 206 million daily active users. The number of daily active users of Q4 Reddit in 2020 was 52 million.

• Domestic investors abandon the Internet and collectively embrace semiconductors

Domestic investors are flocking to chip companies at a record pace while reducing their bets on the internet industry. They tried to be in line with the policy priorities.

It is estimated that by 2025, 70 per cent of China's semiconductors will be produced domestically, compared with just 1/3 at present. Venture capital received by Chinese semiconductor companies rose 446 per cent from the first quarter to a record $8.9 billion in the second quarter of this year, according to Preqin.

Follow this week

Today's focus:$Roblox Corporation (RBLX.US) $、$Tencent Music (TME.US) $、$Niu Technologies (NIU.US) $Waiting for the financial report.

The above is the headline breakfast of today's foreign media. We sincerely invite you to enjoy it and enjoy your investment.