华尔街见闻早餐FM-Radio | 2025年7月18日

Market Overview - Strong US retail sales data and a decrease in initial jobless claims led to a rise in the US dollar and stock markets, with the S&P 500 and Nasdaq closing at record highs [2] - TSMC reported better-than-expected earnings, with ADR rising 3.38% for three consecutive days at historical highs [2][14] - Netflix's stock fell 2% after its earnings report, despite a strong performance [2][14] - The 2-year US Treasury yield rose over 3 basis points, while the dollar gained 0.33% [2] - Gold prices fell over 1.1% before rebounding, closing down 0.28% [2] - Oil prices fluctuated, with WTI crude oil rising nearly 2% from its daily low [2] Key News - TSMC's Q2 net profit surged 61% year-on-year, exceeding expectations, with a projected sales growth of about 30% for the year [3][14] - Netflix's Q2 profit increased over 40%, leading to an upward revision of its annual guidance [3][14] - The US House of Representatives passed three cryptocurrency bills, with overwhelming support [3][11] - The EU is drafting a tariff list against US services, preparing for a potential trade war escalation [10] - Japan's exports to the US fell 11.4% in June, marking the largest decline since 2020, primarily due to automotive sector pressures [10] Company Insights - Morgan Stanley is optimistic about Pop Mart, raising its target price from 302 HKD to 365 HKD, citing strong sales and profit growth [17] - High demand for AI chips is driving TSMC's growth, with a significant contribution from 3nm process technology [14] - Anthropic's valuation has exceeded $100 billion, with a fourfold revenue increase and a gross margin over 60% [21] - Perplexity, an AI search startup, saw its valuation rise to $18 billion within two months [21] Industry Trends - The data center industry is experiencing significant growth due to the digitalization wave and AI development [24] - The disposable glove market is expected to see price increases due to tariff impacts and rising demand [24] - The short drama market is projected to grow explosively, with revenues expected to reach $1.5 billion in 2024 [24]