Key Points - The report highlights a significant surge in Apple's stock price, which has positively influenced the US stock market, particularly the technology sector [8][10] - Approximately 80% of S&P 500 companies exceeded market expectations in terms of EPS and revenue, driven mainly by strong earnings in the financial and communication services sectors [8][10] - The report notes an increase in US Treasury yields, with the 10-year yield rising by 10.2 basis points to 4.298% [8][10] - The report suggests a diversified credit bond strategy to manage interest rate and inflation volatility, with an average maturity of 5 to 8 years [8] - A multi-factor alpha model, sector rotation model, and event-driven model are recommended for stock selection [8] - The report recommends bullish structured products targeting strong stocks like Apple and Nvidia to capture short-term gains [8] Market Overview - The Dow Jones Industrial Average rose by 81 points or 0.18%, while the S&P 500 and Nasdaq increased by 0.73% and 1.21%, respectively [10] - The report indicates that the US economy shows signs of slowing down, with traders increasing bets on potential interest rate cuts by the Federal Reserve [10] - President Trump signed an executive order imposing a 25% additional tariff on goods from India, raising the total tariff rate to 50% [10] - The report mentions that Apple has committed to investing $100 billion in US manufacturing over the next four years, increasing its total investment to $600 billion [10] Company Focus - XPeng Motors reported a record delivery of 36,717 vehicles in July 2025, a year-on-year increase of 229%, indicating a strong growth trajectory [20] - Nine consecutive months of deliveries exceeding 30,000 units suggest a clear turning point in profitability and valuation recovery for XPeng Motors [20] - Nine Holdings' Q2 2025 results showed a revenue increase of 2.5% in the footwear manufacturing sector, with a shipment volume growth of 4.1% [20] - The report highlights that Vobile Group is a leader in digital content copyright protection and monetization, with expectations of AI-related revenue reaching tens of millions of dollars by 2025 [20] Economic Data - China's exports for July are estimated to grow at an annual rate of 5.6%, while imports are expected to decline by 1% [18] - The trade balance for China in July is projected at $104.8 billion, with foreign exchange reserves at $3.281 trillion [18] - In the US, the non-farm productivity for Q2 is estimated to increase by 2%, with initial jobless claims for the week ending August 2 expected at 222,000 [18]