magic Dog Coin
Today's price trend of MAGICDOGE coin. MagicDoge coin is an innovative cryptocurrency based on BSC (Binance Smart Chain) and was born in October 2021.
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Newsflash
2026 Southwestern University Of Finance And Economics Re-examination Scores For Various Majors. Scores For These Majors Are Subject To Change.
Southwestern University of Finance and Economics is located in Chengdu, Sichuan Province. It is a university directly under the Ministry of Education, a 211 Project University, and a Double-First-Class Construction University. The school currently has 25 national-level first-class undergraduate major construction sites, 10 first-level disciplines for doctoral degree authorization, 3 doctoral professional categories, 4 first-level disciplines for master's degree authorization, and 19 professional master's degree authorization sites.
Southwestern University of Finance and Economics has announced the basic score requirements for candidates entering the re-examination for the 2026 master's degree admissions examination. Among general academic degrees, science scores have increased the most, by 52 points, engineering scores have increased by 11 points, and interdisciplinary subjects have dropped by 31 points. Among professional degrees, electronic information increased by 52 points and auditing increased by 22 points. The scores of some majors in the special program have increased significantly.
Among the re-examination scores for each major announced by each college, compared with last year, most majors have increased. The highest increase is Sociology (030301) of the Institute of Social Development, with a score of 405 points, an increase of 82 points, and Electronic Information (030301) of the School of Computer and Artificial Intelligence. 85400) increased by 52 points, the School of Public Administration’s Administration (120401) increased by 48 points, the School of Finance’s Insurance (025500) increased by 47 points, and the School of Economics’ Digital Economy (025800) increased by 43 points.
Compared with last year, the Social Work of the Institute of Social Development (035200) dropped by 33 points, the Statistics of the School of Statistics (027000) dropped by 32 points, the Regional and National Studies of the School of Foreign Languages (140700) dropped by 32 points, and the International Trade of the School of International Business (020206) dropped by 27 points.
The 98th Oscars Have Come To An End! DiCaprio Accompanied Him, And The Post-80s Black Actor Michael B. Jordan Won The Award
The 98th Oscars came to an end today, the list of winners️
"Battle Again" starring Leonardo DiCaprio won six awards and can be said to be the biggest winner this year
(Respectively: Best Picture, Best Director, Best Supporting Actor, Best Adapted Screenplay, Best Editing, and Best Casting)
But Leo is not the winner,
The winner was Michael B. Jordan, who played two roles in "The Sinner"
He also became the first black actor born in the 1980s to win an Oscar!
In addition to being happy for him to win the award, the first reaction of netizens was actually -
“Fortunately it’s not sweet tea”
His new film "Marty Supreme" scored 0 out of 9 nominations
It directly broke the tragedy record of last year's "The Unknown", which was rated 0 out of 8 times (Trivia: "The Unknown" also starred in him...),
Just force a smile like this
In fact, sweet tea has always been the favorite to win the Oscar this year.
This is the third time he has been nominated for an Oscar. This time he is somewhat aggressive.
Become the actor with the most earnings during the 2025 awards season
But in contrast, his reputation has hit rock bottom.
Tachibana has written about it before. In recent years, he has been surrounded by controversy.
Not long ago, he even made "wild remarks" in an interview, saying that no one cares about ballet and opera anymore.
It was so angry that officials from the world’s top opera houses and ballet theaters came out to attack
(Royal Opera and Ballet Theatre, Los Angeles Opera, Paris Opera, New York Metropolitan Opera…)
Directly causing his approval rating to plummet off a cliff
Even Oscar officials came out to "pour oil",
The host joked at the beginning that the security on site was very strict and there was no need to fear attacks from the opera and ballet circles.
Sweet Tea: Keep Smiling
There was a lot of fuss over the Best Actor award, but there was no suspense about the Best Actress award.
The winner of the Best Actress award was Irish actress Jessie Buckley, who starred in "Hamnet"
She is the first Irish-born Best Actress in Oscar history!
Why is there no suspense about her winning the Best Actress Award? Please see️
Golden Globe Award for Best Actress in a Drama Series
Critics Choice Award for Best Actress
British Academy Film Award for Best Actress
Screen Actors Guild Award for Best Actress
After six years, she became the tenth actress after Renée Zellweger to sweep the trend.
Trivia: The top nine players all successfully won the Olympics that year
In The Hollywood Reporter's Oscar predictions,
Sister is also far ahead with an absolute advantage
(cr. "The Hollywood Reporter")
Just... I don’t know how to lose at all!
But having said that, in addition to the voices of the public and the media,
Buckley's performance in "Hamnet" is definitely worthy of a statuette.
This film adapted from the novel of the same name reveals the story behind "Hamlet" from the perspective of Shakespeare's wife.
One of the producers is Spielberg, the famous director who has directed "Schindler's List" and "Jurassic Park"
The director is Chloé Zhao, who has been dubbed the "Light of the Chinese" in recent years.
Although many reports still give her the title "Song Dandan's stepdaughter" when referring to her
But her achievements go far beyond that,
Received two Golden Globe Awards in six years for his films "Nowhere" and "Hamnet"
He is the second Chinese director after Ang Lee to win the Oscar for Best Director.
She is also the second female director in film history to be nominated for two Oscars for Best Director, after Jane Campion.
Isn’t it an exaggeration to say that the glory of Chinese directors is great?
In her new film "Hamnet", Buckley plays Shakespeare's wife Agnes.
One is closely related to him,
But women who left almost no trace in history
But Buckley's performance made Agnes "seen" with great clarity——
A woman who was dismissed as a "forest witch" by the villagers,
Possessing the purest wild vitality
The depression of longing to go back to the woods to give birth but being trapped indoors
She will show the sharpness of a mother animal to those who sentence her daughter to death.
The joy and lingering fear when discovering that my daughter is still alive
The disbelief upon discovering that her son Hamnet was dead
Heart-rending howl
A void like losing everything
Under her interpretation, Agnes is no longer flat and silent.
No longer an existence attached to the literary giant,
But a real, living life that is allowed to express pain.
Let’s break down Buckley’s acting experience since his debut.
You will find a hidden clue——
She always seems to be attracted to female characters who are suppressed, marginalized, and silenced.
In other words, it is because of her performance that these female characters truly have souls.
The single mother Rose-Lynn in "Wild Rose",
Because he was imprisoned, he was deemed to have “bad conduct” and was not worthy of a dream.
But while raising her children, she worked hard to pursue her musical dream.
In "Daughter of the Dark", she plays the heroine Leda in her youth.
young scholar trapped in family
The constant torn between motherhood and self
He was also nominated for his first Oscar for this role.
There is also Mariche in "Women's Talk" who was beaten by her husband and sexually assaulted by men in the village.
She is depressed, painful and sharp. She is a somewhat annoying "cold water" character.
Both against fighting men and against escaping
But it is actually a more secret kind of "loss of voice".
Resisting hope because of years of self-imprisonment.
Just like how she described Agnes as having a "fierce tenderness"
(cr. "Variety")
Gentle but fierce, soft but penetrating,
These are the female characters she plays.
Why did you choose to play them?
The answer to this question may be found in Buckley's own growth experience.
In 1989, she was born in Killarney, a small town in Ireland with a population of less than 20,000.
Great-grandmother Madge Clifford was once a core figure in the Irish Republican Party.
Tim's father is the manager of a local hotel
Buckley's education is very open-minded. When she mentioned Oscar,
Tim once said that he should stay calm about this
(cr. "Evoke")
Be her safety net and support her in times of setbacks
(cr. "Evoke")
Her mother, Marina, is a music psychotherapist.
Served as harpist and singer
Her mother had a great influence on her, not only teaching her to sing, but also
It also made her feel for the first time how to use the power of music to shock people.
At the age of 11, she entered a local girls' convent school.
But there, the most teaching she received was——
"Be careful", "Don't be too smart"
(cr. "British Vogue")
Therefore, she uses music as a way to release stress and fight against herself.
(cr. "British Vogue")
At the age of 17, she participated in the BBC reality show "I'd Do Anything"
The first stage is for the musical "Oliver!" in London's West End (tied with Broadway in New York, the United States, as the highest palace of commercial theater performances in the English-speaking world). 》A program looking for a new heroine,
But this experience was not pleasant for her.
She was sent to study "femininity" because of her posture problems
(cr. "British Vogue")
Said she was not "feminine"
(cr. "British Vogue")
This experience of being body shamed also early planted the fire of "resistance" in her heart.
(cr. "British Vogue")
She finished second and turned down an offer from Cameron Mackintosh to serve as an understudy.
(Cameron Mackintosh is one of the most influential musical theater producers in the world today and has produced famous musicals such as "Les Miserables", "Cats", and "Miss Saigon")
The trauma of "being stared at" has not faded over time.
Instead, it transformed into a deep awareness of how to “be truly seen”——
Shortly after the show ended, she entered the Royal Academy of Dramatic Art to study Shakespeare's plays.
In order to make ends meet, I have to go to school and work at the same time.
I was almost expelled from school
But with the encouragement of my tutor, I finally completed my studies.
Because "I don't want them to win"
After graduation, she has been working in the theater,
It wasn’t until he was 27 that he appeared on the screen for the first time.
But she never accepts commercial films that are more popular with the public.
Most of the actors he participated in were well-received and under-received literary films.
The roles that the public is more familiar with are her supporting roles in some TV series.
Marya in War and Peace
Lyudmila, the firefighter's wife in "Chernobyl"
And Oraetta from Fargo Season 4
The casting was uncompromising at all;
Off-screen she never tries to please, but she is extremely real.
When not acting, Buckley lives a life away from the spotlight.
Because I like music, I even formed a band.
He also released an album with Bernard Butler, the guitarist of the Suede Band.
Shortlisted for the Mercury Prize (one of the most influential music awards in the UK)
The contrast between singing and acting is quite big
Married life is also very low-key,
My husband, Freddie, is an outsider.
Working in mental health
(cr. "Elle")
The two knew each other on a blind date
(cr. "British Vogue")
Now the two "escaped" London,
Living in an old house in Norfolk
(cr. "Elle")
After filming "Hamnet", the two also welcomed their first daughter
She also said that becoming a mother also allowed her to enter the next chapter of her life.
(cr. "British Vogue")
Even though she was nominated for an Oscar and received global attention, she was still busy raising children.
(cr. "British Vogue")
It can be said to be low-key and happy.
Perhaps the most high-profile one was at the Golden Globe Awards ceremony in January.
Not only is her husband’s rare appearance,
Thanks to the organizer for allowing him to come and "eat and drink"
Her husband belike:
Just... quite outspoken~
But Buckley seems to have always been brave enough to speak out?
When a reporter mentioned that the royal family was his "fan" and whether he wanted them to watch the new movie,
No careful flattery, no pretense of "honor"
He just said "I dare you",
This is such a perfect feeling!
However, sometimes you will get into trouble because of your "unbridled speech".
Not long ago, when I was a guest on my blog, I said that I didn’t like cats.
Say to your husband "Choose one between the cat and me"
This description is also very funny.
Therefore, many people said that she was "competing" with cats, and even criticized her for "hating cats".
But it seems there is a reason?
This is also quite frustrating.
But it can be regarded as a rare moment when she triggered a heated discussion on the Internet.
After all, when everyone is managing their personality and creating topics on social platforms,
But she has never even opened Instagram.
I almost didn’t get the drama because there was no traffic.
(cr. "British Vogue")
Often dubbed as "Hollywood amateur"
But there is one phenomenon that stands out in her career:
She is always seen, chosen, and promoted by female directors——
The new film "Dark Bride!" "The director of "Maggie Gyllenhaal" after working with her on "Daughter of the Dark",
The heroine who insisted that she play the role of this movie,
How persistent are you?
He was tough with the production company and said, "I won't film without her."
(cr. "British Vogue")
Zhao Ting, who has already won the Oscar for the heroine Frances McDormand for her film "Nowhere",
Spot her at a star-studded party
(cr. "British Vogue")
She is the only heroine in her mind
What attracts them is her authenticity and lack of vanity and unflattering.
This firm choice of “you have to do it” is never one-way.
But when you "see" me,
I "saw" you too
Therefore, compared with unilateral support and support,
This is more like two-way running and walking side by side after "seeing each other"
From London's West End to Hollywood, from the theater stage to the big screen,
She seems to have been trying to make herself truly "seen",
Also stay sober in the entertainment industry full of glitz and fame,
Walking very slowly and not vigorous enough,
It’s not enough to meet anyone’s expectations,
But perhaps being yourself is the greatest victory.
last sentence
Congratulations to Queen Ba!
Men Failed To Buy Gold At The Bottom One After Another: It Fell As Soon As They Bought It, And They Still Got Trapped After Entering The Market At A High Level.
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I am also confused. Until now, I still don’t know whether gold has failed bearishly.
From a practical point of view, it was indeed beaten continuously last Friday, but from a strategic and overall perspective, the position I emphasized is 3360 points, and I do intend to really start to see the golden band fall here, and there seems to be no problem. What's the key? This gold fell very early. I originally wanted to wait for it to be in place, but it fell by 60 US dollars at 3345, which gave me a way to rely on the top. Later, I carried out some short orders around this price. As you can imagine, most of them were liquidated in the end.
I thought 3345 failed to peak, but here comes the problem. It has also risen to the original strategic high of 3360. For me who had just been liquidated, it was already a bit dizzying, but I still chose to enter the market. I admit that it was a bit emotional and a bit emotional, but I didn’t want to miss the price I had been waiting for. This was my psychological change at the time. You will encounter situations like mine many times, but it’s just me. The choice is just to be more decisive. Of course, sometimes decisiveness will be in vain. This is an unsolvable problem, but I only focus on this wave of rising prices and high-altitude prices, because I know very well that if the price does not stop and goes all the way up, then the technical information of this wave of gold short bands will be completely broken. This does not mean that it cannot be short in the future, but that all the short signals that I have seen at this stage have completely failed.
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Until now, I am still not sure whether my short position was successfully opened. A 30-point drop in early trading is not the profit I want. I have to at least drop to 3320, right? Not only do I have room near 60, but I also increased my position at 3345 after the pullback last Friday. If you reach 3320, I can still get almost 60 US dollars. After excluding the losses surrounding the bearish failure of 3345, I can still make some profits. Some people may say, don't you take more if you see a big drop? I just want to say that your own willful actions cannot be entirely paid for by your own customers. You have to consider their feelings. After a devastating loss, of course you must first make up for your capital and confidence. If you want to be bearish again, you must have a boss to cooperate with me to implement it. So as a decision-maker, you don’t just have to be right every time, you also have to take into account the mentality of your collaborators.
I also know why gold rises and falls, but do you think I can blame Agawa for this kind of thing? What's the use of saying this? Whether you want to increase taxes or reduce taxes depends entirely on Agawa's mood, or whether the EU has compromised in some aspects, and you can't guess whether it will counterattack or not. Therefore, I would rather take a good look at the technical trends to make judgments, rather than betting on the development of tax increases. In addition, GDP and PCE data will be released this Thursday. Such a sensitive band short signal will at least give me an intuitive result.
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The daily level is like this now, which is also the origin of 3360. I believe you don’t need to emphasize it too much, you should all know it.
What remains is the question of whether the signal is valid. There is more than 200 US dollars of band space along this way. As mentioned before, either gold will not adjust, fall down the channel in advance, and change the rhythm of the decline. This is what everyone expects. As a short seller, I hope to see this result. Otherwise, although the upward adjustment on the right side is normal, it will prolong my subsequent bearish cycle. The simple explanation is, you see, it has risen for 7 trading days, right? Then does it take time for me to be bearish?
If I see the position directly and the wave goes to the bottom, the price happens to be at 3120. This is one of the reasons why I am very worried. If you only make fluctuations here, it really doesn’t matter where it falls. You don’t need to care too much, but I still want to see To break 3100, we must stop gold from falling so fast. Only by falling slowly can we have a chance to do it. Assuming that it starts to plummet from now on, it will reach 3120 as soon as this week. This happens to be the low point of the previous decline. What if the low level causes a double bottom reaction? There is still a high risk of rebound, so I hope that this round of decline will not be so fast on the market. As long as it drags back, the expected low will continue to move downwards. Only after breaking through 3120 can I be completely relieved.
Of course, this is due to my thinking. Of course, what I need most in trading is to drop quickly, then run away the order, and find opportunities and signals to adapt to this week's fluctuations. I emphasize again that identifying gold's decline has not yet failed, and it has not yet reached the time to define failure. And the most important point is that watching and doing are two things. To put it another way, I will tell you this answer from my personal experience every day, including now. If you have not entered the market and want to participate in short selling, be careful to wait until it is near 50, and use the previous high of 65 as a retracement to try. You can still grab the space of 20 US dollars. If you are not given a chance, it is not recommended to take the risk of making a rebound long order.
Tamadoge Coin: A Digital Currency That Integrates Innovative Gameplay And Has Both Investment And Entertainment Value
Tamadoge coin is an innovative digital currency based on blockchain technology. It cleverly combines NFT, gamification elements and meme culture to create a unique virtual pet ecosystem. As a derivative of Dogecoin, Tamadoge was born in 2023 and was formed by the merger of two digital currencies, Dogecoin and TamaToken. It attracts a wider user group through fun and interactivity. Its core design concept is to integrate cryptocurrency investment with virtual pet raising games. Each Tamadoge pet is a unique NFT asset, and users can earn profits by purchasing, training and trading these digital pets. Tamadoge coin is developed based on Binance Smart Chain (BSC) and uses a decentralized architecture to ensure transparent and secure transactions. It also takes into account environmental protection characteristics and uses more energy-efficient blockchain technology to reduce energy consumption. This innovative model makes Tamadoge stand out among many meme coins, not only having investment value, but also providing a rich entertainment experience.
The development prospects of Tamadoge coin have attracted much attention from the market, and its unique Play-to-Earn model is reshaping the boundary between cryptocurrency and gaming industries. According to industry observations, Tamadoge has completed the transformation from a pure meme currency to a functional token, and through continuous technology iteration has established a complete ecosystem including an NFT market, a battle platform and social functions. The project team is developing cross-chain functionality and plans to expand the business to the Ethereum network, which will significantly increase liquidity and user base. The number of Tamadoge currency-holding addresses in the market has grown exponentially, especially during the bull market of 2024-2025, when its market value entered the top five meme coins. Although the overall cryptocurrency market is highly volatile, Tamadoge has demonstrated strong resilience with its solid community foundation (more than 200,000 active users) and practical application scenarios. Industry analysts believe that with the popularization of the Metaverse concept and the expansion of the blockchain game market, Tamadoge is expected to achieve large-scale commercial implementation in the next three years, especially in the fields of digital collectibles and casual games, with first-mover advantages.
Tamadoge coin creatively solves the pain point of lack of practicality of traditional meme coins. Compared with early meme coins such as Dogecoin, Tamadoge not only has a strong community culture, but also built a complete economic model: pet transaction commissions are automatically executed through smart contracts (5% is used for repurchase and destruction). This deflation mechanism effectively maintains the value of the token. Its transaction speed reaches more than 1,000 transactions per second, the handling fee is only 1/50 of the Ethereum network, and the user experience is significantly better than similar products. Tamadoge has also received support from a number of exchanges including BKEX and ZT, with good liquidity depth. What is particularly worth mentioning is its incentive mechanism to earn money while playing. Users can obtain stable income through game behaviors such as pet cultivation and battle competitions. This innovative model has attracted a large number of young investors. According to on-chain data in the first quarter of 2025, the daily active users of Tamadoge smart contracts remain at around 12,000, and the monthly transaction volume of the NFT market exceeds US$3 million. These real data far exceed most similar projects, proving the sustainability of its business model.
The core application is the Tamadoge virtual pet platform. Users can use TAMA tokens to purchase, breed and train electronic pets. These NFT pets can be traded in the built-in market and participate in competitive competitions to win rewards. The platform has also developed an AR function, allowing digital pets to appear in the real environment through the mobile phone camera, enhancing entertainment. In terms of business cooperation, Tamadoge has reached cooperation with more than ten online malls, supporting the use of TAMA to pay for virtual goods and services. Its charity application is also quite unique. The community has raised more than $500,000 for animal protection organizations through pet auctions. Moreover, Tamadoge is testing the function of binding blockchain pets with physical goods, which may create a new digital + physical e-commerce model in the future. These rich application scenarios enable TAMA tokens to break away from the attributes of a mere speculative tool and truly realize the practical value of cryptocurrency.
The Trend Of A-shares On March 9 Was Turbulent: A V-shaped Reversal Followed A Sharp Decline In Early Trading And Another Sharp Decline
On March 9, A-shares went through a twists and turns trend: from a sharp drop, to a V-shaped reversal, and then to a sharp drop.
In early trading that day, under the pressure of panic selling, the three major indexes of the Shanghai and Shenzhen stock exchanges all fell sharply. The GEM index once plunged by more than 4%. However, as bottom-hunting funds entered the market, group stocks represented by Bailongma stocks took the lead in rebounding. Some Mao stocks, such as Kweichow Moutai, Hengrui Pharmaceuticals, China Duty Free, and WuXi AppTec, rebounded significantly, and the three major A-share indexes once turned red. However, the Baotuan stocks failed in the end, and Mao stocks made a comprehensive counterattack and ended dismally. At the close, all three major indexes fell sharply.
What was impressive throughout the day was that the Mao Index fell by more than 4% during the session, then turned red, and then fell by 2.65%.
For example, among the group stocks, Kweichow Moutai fell by 3% and once counterattacked to rise by 2%. At the close, it gave up all the gains and closed down by 1.17%.
In addition, many Mao stocks fell by more than 5% as of the close. For example, Zhifei Biotech -11.00%, Aviation Power -9.54%, Shanxi Fenjiu -7.79%, Sany Heavy Industry -7.10%, CICC -6.42%, LONGi -6.15%, Baofeng Energy -5.67%, Rongsheng Petrochemical -5.65%, Pien Tze Huang -5.58%.
The two cities generally fell throughout the day, with nearly 3,500 companies falling.
As of the close, the Shanghai Composite Index fell below 3,400 points and closed at 3,359.29, down 1.82%; the Shenzhen Composite Component Index fell by 2.80%; the ChiNext Index fell by 3.50%.
On the same day, among the first-level industries of Shenwan, defense industry, electronics, and mechanical equipment led the decline, with declines of 5.11%, 4.07%, and 3.44% respectively. Only three of the 28 first-level industries increased, namely leisure services, steel, and transportation, which increased by 1.62%, 1.56%, and 0.30% respectively.
What is the cause of this market crash? How will the market outlook go? Can you still invest in group stocks? Institutional figures vary in their views.
Essence Strategy Chen Guo issued a market commentary saying that the adjustment of A-shares from yesterday to this morning will most likely no longer be driven by concerns about U.S. bond interest rates, but will become dominated by absolute profit stop-loss operations and concerns about negative feedback. This constitutes the bottom of the first stage of the adjustment period. Under the influence of various factors, the acute pressure concentrated on the trading level has been relieved. Although recurrences are not ruled out, we think it can basically be judged that the first stage of the adjustment period has ended.
Ma Cheng, chairman of Juze Investment, believes that this wave of decline is mainly due to the bubble digestion of last year's high valuation of white horse stocks when the ten-year U.S. bond yield rose. However, the decline is faster than expected. This is related to the fund's decline - redemption - fall - redemption. In fact, from the continuous stampede decline of white horse stocks and the recent large inflow of money funds, we can see that a redemption wave of equity funds is taking place.
"In the next stage, we will mainly invest in two main lines: one is the non-ferrous metals, steel, and chemical industries that are affected by the economic cycle; the other is the insurance, banking, real estate, and construction sectors with absolutely low valuations." Ma Cheng said.
Wang Xuan, chairman of Chengen Capital, said that there were some risks in A-shares before this round of adjustment. For example, the influx of funds into A-shares from all walks of life has made sentiment overheated. In addition, the high valuations of early-stage group stocks also accumulated downside risks amid expectations of tighter liquidity. In addition, my country's post-epidemic recovery growth has entered an advanced stage, and subsequent policies are easy to tighten but difficult to loosen, so increased market volatility is also expected.
"As for the market outlook, we believe that although high-valued stocks have corrected somewhat, the overall market valuation is not low, and the fund positions on the market are not low. Considering that the short-term fund redemption pressure has not been fully released, there is still a risk of high volatility in the subsequent market. We believe that in investment layout, targets with confirmed performance growth and lower valuations are preferred," Wang Xuan said.
Mao Junyue, investment director of Xinpu Assets, also believes that group stocks have loosened up after the Spring Festival, and the market performance is significantly weaker than that of the external market. Therefore, this adjustment belongs to the adjustment needs of the A-shares themselves, not the influence of the external market. Today's market inherited the weakness of yesterday's market opening high and moving low, with a deep sell-off in early trading. Although it has emerged from a deep V trend, it does not mean that the market adjustment has been completed. Baotuan stocks are high-quality stocks in the market. The adjustment is a reasonable correction to last year's group stocks. Compared with group stocks, small-cap stocks have no valuation advantage, so small-cap stocks will also adjust.
Mao Junyue warned, "There has not yet been a wave of fund redemptions, and the real decline may be yet to come. It is best for investors to control their positions and not blindly buy the bottom."
Xia Fengguang, manager of Future Star Fund of Private Equity Pai Pai Network, pointed out that from an internal perspective, the leading sector of the decline this time was the group stocks that the fund held heavily. These stocks have experienced several times of rise, their valuations are at historically high levels, and their holdings have made huge profits. Some funds chose to leave the market when there were signs of changes in the market environment. From the perspective of external factors, after experiencing the rise of inflation, the market quickly turned to expectations of tightening monetary policy. The main driving force behind the market's rise last year was liquidity. If liquidity tightens significantly, the damage to the market will be very great. At present, the short term is mainly driven by emotions. Monetary policy will not run ahead of economic recovery, but emotions usually have the habit of jumping ahead of the economic recovery.
"There is no need to worry too much about the future mid-term trend. The future market is likely to interpret a different logic from last year's market, that is, there will be a trend of index decline but individual stocks stabilizing. Among them, small and medium-sized market capitalization stocks with clear growth rates may also achieve better returns." Xia Fengguang said.
Lang Chengcheng, director of the Research Department of Furong Fund, judged that the fundamentals of leading companies are still very stable in the long term. Although factors such as excessive short-term valuations, tight liquidity, and lack of profitability have caused the stock price to fall sharply, the company's value has gradually returned to the fundamentals, and the subsequent improvement in the operating performance of leading companies will also digest part of the valuation. In addition, we still need to be wary of some companies whose fundamentals are not that good. When market sentiment is high, such companies also enjoy high valuations, but their fundamental support is weak and it takes longer to adjust.
"Looking forward to 2021, due to the impact of a low base in the first quarter, the performance of leading companies is likely to show a sharp increase year-on-year. The market also has certain expectations for this. Therefore, paying attention to subsequent changes in the company's operating conditions will become the key to guiding investment strategies. In the current valuation return environment, we should pay more attention to leading stocks with relatively low valuations and rising operating performance, or we should be rational and optimistic about the long-term growth performance of leading companies." Lang Chengcheng said.
Hao Xinming, manager of Fangxin Wealth Investment Fund, believes that "the market is currently in a negative cycle of mass group stocks, which is exactly the opposite of the previous group rally. It can be seen that the main driving force behind the post-holiday decline is the previous group white horse stocks. On the contrary, small-cap stocks have stopped falling and stabilized or even rebounded. The current bull market that started in early 2019 has always been a structural market, with obvious sector differentiation and obvious style differentiation."
"The market has come to the present. After a short-term rapid decline, the valuations of previously overvalued group stocks have returned to a certain extent, and some have returned to a reasonable range. However, market sentiment is often either greed or fear. The release of this emotion must be released before the market bottoms out. This requires paying attention to changes in market trading volume. The number of group stocks can gradually shrink. After investors calm down, the market is expected to bottom out. Don't try to catch the flying knife during the current decline. Wait until the flying knife hits the ground and stops moving before entering the market." Hao Xinming said.
Bitcoin Cash Plunges 70%, But Bitcoin Hits New Highs | From Wall Street To Lujiazui
【Today’s Focus】Coca-Cola
Focusing on the linkage effect of U.S. stocks and A-shares, China Business Channel 7:30-8:00 "From Wall Street to Lujiazui" opens the market door for you.
US stock market
The Dow rose 0.30% to 22,092 points
The S&P 500 rose 0.19% to 2,476 points
The Nasdaq rose 0.18% to 6,351 points
international oil prices
U.S. WTI crude oil September futures rose 1.12% to close at $49.58 a barrel
Brent crude oil October futures fell 0.79% to close at $52.42 a barrel
WTI crude oil futures fell about 0.4% last week, while Brent crude oil futures fell about 0.2%.
international gold price
COMEX December gold futures fell 0.8% to $1,264.60 an ounce
Since its launch on August 1, Bitcoin Cash (BCC) has experienced a rollercoaster-like ups and downs in just a few days. According to CoinMarketCap data, the market value of BCC (Bitcoin Cash) has fallen from third to fourth place, from approximately US$7 billion to approximately US$3.5 billion, which was cut in half.
The opening price of BCC on the domestic trading platform Viabtc (microbit) was 1,478.93 yuan on August 1, and the price rose to a maximum of 4,507.33 yuan on August 2. It started a downward trend from August 3 to 5, with the lowest point on the 5th being 1,411 yuan, and the opening price on the 6th reaching a new low of 1,390 yuan. The BCC price of Bitcoin China, another trading platform, hovers around 2,300 to 2,500 yuan.
A special analyst at Huobi.com said that in order to prevent losses to user funds caused by replay attacks during the Bitcoin fork, domestic trading platforms such as Huobi.com suspended deposits and withdrawals of Bitcoin at the end of July, resulting in an imbalance in the power of buyers and sellers after the BCC/BTC (Bitcoin) pair went online. The seller was weak, and the price of the BCC/BTC pair continued to rise. As major trading platforms opened deposits and withdrawals on August 4, the selling pressure on BCC increased significantly, causing the price of BCC to plunge rapidly. According to data from Huobi.com, as of 15:30 on the 5th, the price of BCC/BTC was 0.118472, with the largest drop of 43.9% in two days.
As a new type of blockchain asset, BCC has changed the original intention of Bitcoin's technology and adopted dynamic difficulty adjustment. Many people in the currency circle said in an interview with China Business News that BCC has strong uncertainty in the short term: On the one hand, the instability of BCC's market price will cause investors to have risks in the process of investment; on the other hand, because BCC is essentially the product of disagreements on the issue of Bitcoin expansion, with the development of Bitcoin, there is the possibility of this risk reappearing.
At the same time, the formation of the value of BCC is also very complicated. It is affected by factors such as the stability of the technology and the recognition of the value of this competitive currency by the market (computing power and investment users). The value of BCC does not determine the value of Bitcoin. The opposite is also true. Tian Ying, vice president of OKCoin, said that although BCC inherits Bitcoin’s existing blockchain and everyone who holds Bitcoin naturally owns a corresponding number of new coins, BCC, like other new coins that have appeared in history, will not pose a threat to Bitcoin’s status.
The price of Bitcoin has even returned to highs. Bitcoin has been rising continuously in the past two days, breaking through a high of 20,000 yuan. According to the market data of OKCoin, a domestic trading platform, on August 6, Bitcoin once again hit a record high of 22,198 yuan. From the opening price of 18,944 yuan on August 1 to a new high of 22,198 yuan on the 6th, an increase of more than 15%.
As for Bitcoin's return to highs, analysts at OKCoin explained that the Bitcoin community was affected by the expansion in early July, causing panic among users, a significant reduction in market trading volume, and a wait-and-see state of funds, which caused the Bitcoin price to quickly fall back to its lowest point of around 12,900 yuan. At 4 a.m. on July 23, the Bitcoin expansion plan reached a consensus and BIP91 was activated. This allowed all Bitcoin enthusiasts and investors to see the phased results of the expansion event. The risk of Bitcoin forks was temporarily lifted, and investor confidence in it was also greatly enhanced.
In addition, affected by the price of Bitcoin returning to a high of 20,000 yuan, other cryptocurrencies in the top 10 digital assets by market value have remained relatively stable in the second half of this week, with ETH (Ethereum), ETC (Ethereum) and Litecoin all showing slight increases.
Guest perspective
(07/31--08/04) S&P 500 Index industry segment performance (0.2%):
Increase: hardware storage +4.4%, residential construction +3%, consumer appliances +3%, life science instruments 2.5%, fertilizers and pesticides 2%
Decline: medical services -7%, oil and gas exploration -4%, semiconductor equipment -4%;
Industry performance of the European Stoxx 600 Index (1.24%):
Increase: retail 2.5%, public utilities 2.3%, tourism and leisure 2%, food and beverage 1.7%
Decline: Basic Resources -0.8% Healthcare -0.5%;
Currency (07/28--08/04):
Increase: EUR +0.2%, DKK +0.13%
Decline: South African Rand -3% Canadian Dollar -1.7% Australian Dollar -0.8%
Products (07/28---08/04):
WTI crude oil -0.3%, diesel +0.7% gold -0.9% copper +0.7%, aluminum 0.2% silver -2.9% corn -2% wheat -5.5% soybean -5% coffee +1.7% cotton +1.1%
SP500: 13 companies fell by more than 10%, 3 companies increased by more than 10% (genetic testing lithium battery phosphate fertilizer), 27 companies fell by 5-10%, and the declining industries mainly came from the energy and medical fields;
If one considers the SP500 equal weight, the SP 500 fell 0.4%, in line with the NASDAQ's weekly decline of 0.4%, while the Dow rose 262 points to break 22,092 points;
The U.S. dollar index rose 0.76% on Friday (July non-farm payrolls 209,000); the SP500 index has low volatility, but the volatility of individual stocks has reached 22%, indicating low correlation. The SP500 is consolidating at a high level and has ultra-low volatility. Once the index drops by 3%, the spot VIX will rise by 11 points, while the 30-day VIX futures will reach 15, or an increase of 48%;
Mixed U.S. Economic Data and the Dollar:
The ISM manufacturing index in July was 56.3, lower than expected, but this value previously corresponded to 4% GDP growth; S&P constituents with a market capitalization of approximately US$19 trillion announced their second-quarter financial reports, 10% Y/Y, and Berkshire rose for 6 days in a row (second-quarter operating profit fell 11% year-on-year, B-share earnings per share fell 15% to US$1.73/share, traditional manufacturing retail railways experienced double-digit growth, and insurance underwriting was dragged down, with cash reaching US$100 billion)
Chinese and American Internet giants:
The profit growth rate of China's Alibaba, Tencent, Baidu, JD.com, NetEase and Ctrip (market value: US$1 trillion) is significantly higher than that of Amazon + FB + Activision Blizzard + GOOGL + NETFLIX + PRICELINE (market value: US$1.8 trillion). China's Internet has more investment value;
Eurozone:
The euro rose, telecoms, banks, and power utilities were bullish, while semiconductors and export manufacturing weakened.
Germany: Temasek intervenes in German companies and becomes a financial investor. Favored industries: industry, consumer agriculture, drug research and development
U.S. economic data next week (08-09---8-17):
8/9: Second quarter productivity (+0.5%) and unit labor cost (+1.2%)
8/10: Core PPI index +0.1% in July. Budget deficit in July was US$54 billion;
8/11: July core CPI index +0.1%
8/15: July retail sales +0.4% 8/16: 1,224,000 new housing starts;
8/17: Industrial production 0.3%, capacity utilization rate 76.7%;
Follow today
Gainer ANET
Focus on building 10/40/100 Gigabit Ethernet (GbE) switches
Its superb scalability, low latency, programmability and flexibility have been used by 7 of the 8 largest hyper-scale cloud computing companies. Based on the LINUX operating system, there are more than 8 million lines of code, and more than 1,000 man-years have been invested in developing advanced distributed system software (EOS). The advantage is that it can be programmed at all system levels; commercial chips and open source software.
The company's second-quarter financial report shows that 100G has won the favor of customers in the field of ultra-large-scale data centers. Second-quarter revenue was US$405 million, 12% higher than market expectations. The international market grew faster, with quarterly earnings per share of US$1.34, 45% higher than market expectations.
After cooperating with HP, it will achieve greater expansion in sales channels and effective cost control. The profit margin in the second quarter is close to 35%, much higher than the expected 25%. The company's product supply chain delay problem has also been improved, and some manufacturing tasks have returned to the United States.
More advanced 400G will bring significant revenue in 2019
ANET is up +75% this year, outperforming the S&P 500 by 11%, and short sellers account for 3.8% of outstanding shares
Risk: Patent lawsuit with Cisco pending
Potential Stock Grub
Grubhub acquires Yelp’s EAT 24 business, a win-win + $1 billion increase in market value
YELP second quarter financial report: revenue exceeded expectations ($209 million 20% Y/Y), the number of account activations was the second best in history, gross profit margin increased by 435 basis points (net profit margin 3.5%, EBITDA $21.6 million, much higher than the $7.4 million in the same period last year)), the sale of EAT24 brought about improvement in profitability ($288 million cash sale, $200 million stock repurchase); advertising revenue $187 million, 19% Y/Y, paid advertisers 148,000 18% Y/Y;
2017 full-year revenue expected range: US$855-865 million, EBITDA: US$143--153 million;
There are 20,000 restaurants on the GRUB and YELP platforms. If the transaction is completed during Halloween and Thanksgiving, there will be significant financial growth in the second quarter of 2018; the acquisition of the YELP business will bring synergistic benefits. Over time, the increase in volume will cover the increase in costs, ultimately driving up the improvement in profit margins.
GRUB's revenue in the second quarter met the target (US$159 million, 32% Y/Y), profit margin and repeat orders declined slightly (net profit margin 9.5% 15% Y/Y, or 17 cents/share) while active ordering users increased (9.18 million, 25% Y/Y), with an average daily volume of 313,900, 16% Y/Y; gross food amount was US$880 million;
Performance Outlook: 3rd quarter revenue expected range: US$155-163 million, EBITDA: US$38-42 million, full year 2017: revenue of US$642--666 million, EBITDA: US$170 million--180 million US dollars;
After the acquisition of FOODLER and EAT24, GRUB will increase its EBITDA by more than 30% in 2018.
market news
Central Bank: Explore the inclusion of systemically important Internet financial businesses into MPA
On the evening of August 4, the central bank stated in the "China Regional Financial Operation Report (2017)" that the risk points in the Internet financial field include incomplete licenses, illegal operations, insufficient risk management and control, disorderly competition in the market and other factors. Some Internet financial products have already had systemic importance, and it is necessary to prevent procyclical fluctuations and cross-market contagion of risks. The central bank proposed to explore the inclusion of large-scale and systemically important Internet financial businesses into the macro-prudential management framework, conduct macro-prudential assessments on them, and prevent systemic risks.
Rakuten's monthly losses of 600 million in China are no longer affordable and can only last until the end of the month
Korean media reported on August 6 that Lotte Group has recently decided to make structural adjustments to its business in China and will reduce the number of Lotte Mart stores in China and lay off employees. Lotte Mart's monthly operating losses are as high as 100 billion won (approximately 590 million yuan), and the cumulative operating deficit in the first half of this year alone has exceeded 83 billion won (approximately 490 million yuan). The person in charge of Lotte Mart said that judging from the current situation, it can only last until the end of this month at most, and hopes that the group will formulate future countermeasures as soon as possible.
The national team has begun to tilt towards small and medium-sized enterprises
According to Securities Market Red Weekly, as the market turns into a shock at 3300 points, large-cap stocks and cyclical stocks, including the Shanghai Composite 50, will continue to maintain rotation with small- and medium-cap stocks. In the short-term market, we are expected to see large-cap stocks taking the stage with small-cap stocks. In addition to buying heavy-weight cyclical stocks, funds mainly focused on the national team have recently begun to consciously tilt towards small and medium-sized entrepreneurial stocks.
Among them, the social security fund has been investing in sectors such as electricity, automobiles, materials, and medicine as well as small and medium-sized startup stocks since the second quarter. Subsequently, CSI Financial Holdings, Huijin, and Shenzhen-Hong Kong Stock Connect have also followed suit to varying degrees.
This week, the two cities lifted the ban and the market value was about 40 billion yuan, a decrease of 50% from the previous month.
According to data from Southwest Securities, a total of 24 companies in Shanghai and Shenzhen stock markets have had their restricted shares released for circulation this week, with a total of 3.565 billion shares released. Calculated based on the closing price on August 4, the market value of the Shanghai and Shenzhen stock markets this week was 40.468 billion yuan, a month-on-month decrease of 59.35%.
The first "10 for 30" stock was investigated and a large number of restricted stocks were just lifted.
Easytech (300376) suddenly announced on the evening of August 3 that the company was suspected of violating securities-related laws and regulations due to information disclosure, and the company's chairman He Sime was suspected of violating securities-related laws and regulations, and has been investigated by the China Securities Regulatory Commission.
The Social Security Fund reduced its holdings in Dahua Co., Ltd. and two companies won bids for major contracts
Dahua Shares: Net profit increased by nearly 40% in the first half of the year. Social Security Fund reduced Huijin’s shareholding unchanged; Wanxiang Qianchao: The controlling shareholder increased its holdings by 1% and plans to continue to increase its holdings; Sinoma International: Won the bid for a 1.877 billion Argentine project; Ningbo Construction Engineering: The consortium preliminarily won the bid for a 679 million project
Terry Gou: Investment in China and the United States will increase in the future
Foxconn Group President Terry Gou met with Michigan Governor Snyder in the Shenzhen headquarters. The two sides met for nearly two hours. Terry Gou said that Foxconn has contacted several states in the United States. The amount cannot be announced yet. The investment direction will be next-generation automotive technology, such as Internet of Vehicles and driverless driving. He hopes to bring back American artificial intelligence technology and bring Foxconn's precision mold manufacturing out. Terry Gou said that Foxconn will increase its investment in China and the United States in the future, and will not invest in just one side.
Wolf Warrior 2's box office exceeds 3 billion and is expected to become the box office champion
According to Maoyan Movie data, as of 15:50 on August 6, the box office of "Wolf Warrior 2" has reached 3.006 billion yuan. Currently, the box office of "Wolf Warrior 2" ranks first among the 2017 movie box office. The top-grossing movie in 2016 was "Mermaid", with a cumulative box office of 3.392 billion yuan. Analysts say it is only a matter of time before "Wolf Warrior 2" breaks this record.
140 companies have announced earnings forecasts, and nearly 80% of them are positive.
According to Databao, in addition to companies that have released performance reports, 140 of the companies scheduled to disclose their semi-annual reports next week have already announced performance forecasts. The types of performance forecasts show that 92 companies predict increases, 13 predict profits, accounting for nearly 80% of the total. Another 19 companies predict performance declines, 8 companies predict performance losses, and 8 companies predict flat performance. Among the companies with good performance reports, based on the median expected net profit growth, there are 38 companies with a median net profit growth of more than 100% in the first half of the year.
Chinese concept stocks
The opinions expressed in this article are for reference only and do not constitute investment advice. Investment is risky and you should be cautious when entering the market.
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