Palantir（NASDAQ:PLTR）于8 月 4 日发布了其 第二季度业绩 。该公司报告称，其发展势头强劲，美国商业业务增长 71%，美国政府业务增 长 45%。2025 年全年营收预期上调至 39 亿美元，这意味着营收同比增长 36%。 凭借强劲的业绩，市场反应相当乐观，连续 5 个交易日锁定涨幅， Palantir 从 158 美元涨至 187 美元，这意味着在此期间上涨了近 18%。 如上图所示，第六天出现了第一个阴线，表明阻力位在约187美元区域。第七天，多头试图重振势头，PLTR 股价一度上涨至 190 美元；然而， 该股难以维持这一水平。此后 5 天，该股连续下跌，跌至反弹前的价格区间，约为 158 美元，盈利日的涨幅差距也随之缩小。 在稳定后的两周内， Palantir 一直徘徊在这一区间，直到 9 月 9 日。当天，该公司 参加了 AIPCon，并在会上强调了强劲的业务扩张和类似的 发展，暗示其将保持持续的增长势头。事实上，参加此次会议的美国银行分析师在评估了会议演示文稿后， 上调了 对该公司的展望。 理性来说，为一项仅产生 1 美元收益的资产支付 570 美元是没有意义的。要证明这笔交 ...

Group 1 - The German stock market is currently at a historical high valuation, with the DAX index up 21% this year, and the expected P/E ratio approaching 16 times, exceeding the past decade's average of 13 times [1] - Analysts predict a 4% growth in earnings per share for DAX constituents by 2025, with a 14% profit growth expected next year, surpassing the S&P 500's projections [2] - The strong performance of the DAX index is primarily attributed to four major stocks: Rheinmetall, Siemens, Allianz, and Deutsche Bank, which collectively contributed nearly half of the index's gains [3] Group 2 - There is caution regarding the sustainability of the current market rally, as some leading stocks may have limited domestic revenue exposure, raising concerns about actual earnings meeting expectations [3] - The German government's €500 billion infrastructure fund, allocated over 12 years, presents uncertainties, as some funds may be used to fill state budget gaps rather than for new investments [4] - Over 80% of DAX constituents derive their revenue from overseas, making them vulnerable to global economic slowdowns, particularly in export-oriented sectors like the automotive industry [5]

花旗发表研究报告，对中国人寿开展为期30日的负面催化剂观察期，表示担忧公司2025年上半年盈利增 长可能逊预期，主要由于利率下行，拖累保险服务费用及净投资收益表现，相信将低于市场普遍预期的 按年增长20%。花旗目前预测国寿上半年净利润按年增长5%至403亿元，增速较首季大幅放缓。花旗维 持国寿的"买入"评级，目标价26.1港元，仍看好其品牌优势及长期增长潜力。 ...

Core Viewpoint - Zijin Mining's Kamoa-Kakula copper mine has faced production disruptions due to flooding, leading to a downward revision of its 2025 copper production guidance from 520,000-580,000 tons to 370,000-420,000 tons, raising uncertainties about the company's overall copper output growth for the year [1][3][4] Group 1: Production Impact - The Kamoa-Kakula copper mine is the largest copper mine in Africa and a key asset for Zijin Mining, contributing 194,700 tons of copper in 2024, making it the primary source of copper production growth for the company [1][4] - Following the flooding incident, the company plans to restart mining operations in the western section of the Kamoa-Kakula mine and utilize surface stockpiles to mitigate the impact on production [6][5] - The flooding has resulted in an estimated reduction of 44,000-93,000 tons in Zijin Mining's copper equity production for 2025 [4][6] Group 2: Profitability Outlook - Despite the production challenges, Zijin Mining's overall profitability trend remains positive, supported by expected growth in gold production, which is projected to increase by approximately 16.4% to 85 tons in 2025 [7][8] - The international gold price has seen significant increases, with a year-to-date rise of over 30%, which is expected to positively impact the company's profitability, especially in the gold segment [9][10] - Sell-side institutions have maintained stable earnings forecasts for Zijin Mining for 2025, with estimates generally ranging from 40 billion to 44 billion yuan, and some institutions have even raised their projections [10]