1. Report Industry Investment Ratings No industry investment ratings are provided in the report. 2. Core Views of the Report - The report provides daily views and strategies for various commodities in the futures market, including precious metals, base metals, energy, and agricultural products. Each commodity has a specific outlook, such as price trends, influencing factors, and potential risks [2][5]. 3. Summary by Commodity Precious Metals - **Gold**: The ongoing government shutdown continues to impact liquidity. The trend strength is 0, indicating a neutral outlook [2][6]. - **Silver**: Expected to have an oscillating rebound. The trend strength is 0, suggesting a neutral stance [2][6]. Base Metals - **Copper**: Supported by the Fed's interest rate cut expectations. The trend strength is 1, indicating a slightly bullish outlook [2][11]. - **Zinc**: Expected to trade within a range. The trend strength is 0, suggesting a neutral view [2][14]. - **Lead**: Inventory increases significantly, limiting price increases. The trend strength is 0, indicating a neutral stance [2][17]. - **Tin**: Attention should be paid to macro - economic impacts. The trend strength is 1, showing a slightly bullish outlook [2][20]. - **Aluminum**: The price center is expected to move up. The trend strength is 1, indicating a slightly bullish view [2][23]. - **Alumina**: Expected to oscillate at the bottom. The trend strength is 0, suggesting a neutral stance [2][23]. - **Cast Aluminum Alloy**: Expected to follow the trend of electrolytic aluminum. The trend strength is 1, showing a slightly bullish outlook [2][23]. - **Nickel**: High inventory accumulation and risks in Indonesia are in a tug - of - war, with prices expected to oscillate at low levels. The trend strength is 0, indicating a neutral view [2][26]. - **Stainless Steel**: Lacks upward drivers, and the downside is also limited. The trend strength is 0, suggesting a neutral stance [2][26]. Energy - Related Commodities - **Carbonate Lithium**: Subsidies in Inner Mongolia are declining, energy storage installation in October decreased, and Australian ore production increased. The trend strength is - 1, indicating a slightly bearish outlook [2][31]. - **Industrial Silicon**: Attention should be paid to the bottom support. The trend strength is 0, suggesting a neutral view [2][34]. - **Polysilicon**: Entered a policy vacuum period, and the market is trading based on supply - demand logic. The trend strength is - 1, indicating a slightly bearish outlook [2][35]. - **Iron Ore**: The inventory accumulation pressure has materialized, and prices are falling from high levels. The trend strength is 0, suggesting a neutral stance [2][38]. - **Rebar**: Expected to have wide - range oscillations. The trend strength is 0, indicating a neutral view [2][41]. - **Hot - Rolled Coil**: Expected to have wide - range oscillations. The trend strength is 0, suggesting a neutral stance [2][42]. - **Silicon Ferrosilicon**: Affected by sector sentiment resonance, expected to have wide - range oscillations. The trend strength is 0, indicating a neutral view [2][46]. - **Manganese Silico - Manganese**: Supported by the sentiment of the ore end, expected to have wide - range oscillations. The trend strength is 0, suggesting a neutral stance [2][46]. - **Coke**: Expected to follow the downward trend. The trend strength is - 1, indicating a slightly bearish outlook [2][50]. - **Coking Coal**: Supply expectations are fluctuating, and valuations are declining. The trend strength is - 1, indicating a slightly bearish outlook [2][51]. Other Commodities - **Log**: Expected to oscillate repeatedly. The trend strength is not provided [2][53]. - **Para - Xylene**: Supported by aromatics blending for gasoline, expected to trade at high levels. No trend strength is provided [2][2]. - **PTA**: Demand is fair, but supply pressure remains, expected to trade at high levels. No trend strength is provided [2][2]. - **MEG**: Supply pressure is relatively large, with a downward trend. No trend strength is provided [2][2]. - **Rubber**: Expected to oscillate. No trend strength is provided [2][30]. - **Synthetic Rubber**: Supported in the short - term, expected to oscillate. No trend strength is provided [2][32]. - **Asphalt**: The situation in Venezuela has heated up again. No trend strength is provided [2][34]. - **LLDPE**: Profits in the monomer segment are compressed, and attention should be paid to import pressure. No trend strength is provided [2][36]. - **PP**: Expected to have a downward trend. No trend strength is provided [2][37]. - **Caustic Soda**: Expected to oscillate mainly. No trend strength is provided [2][38]. - **Pulp**: Expected to oscillate. No trend strength is provided [2][40]. - **Glass**: The price of the original sheet is stable. No trend strength is provided [2][42]. - **Methanol**: The driving force is downward, but the downside space is gradually narrowing. No trend strength is provided [2][43]. - **Urea**: Expected to trade within the valuation range, under short - term pressure. No trend strength is provided [2][45]. - **Styrene**: Expected to oscillate in the short - term. No trend strength is provided [2][47]. - **Soda Ash**: There are few changes in the spot market. No trend strength is provided [2][48]. - **LPG**: Demand improvement is limited, and the market valuation is high. No trend strength is provided [2][5]. - **Propylene**: Supply - demand gap narrows, with short - term support. No trend strength is provided [2][5]. - **PVC**: The trend still faces pressure. No trend strength is provided [2][5]. - **Fuel Oil**: Expected to oscillate, still weaker than low - sulfur fuel oil. No trend strength is provided [2][5]. - **Low - Sulfur Fuel Oil**: Strengthened in the night session, and the spot price spread between high - and low - sulfur oil rebounded slightly. No trend strength is provided [2][5]. - **Container Shipping Index (European Line)**: Expected to oscillate. No trend strength is provided [2][5]. - **Short - Fiber**: Peak - season demand continues, expected to oscillate with an upward bias. No trend strength is provided [2][5]. - **Bottle Chip**: Supported by upstream factors, expected to oscillate. No trend strength is provided [2][5]. - **Offset Printing Paper**: Expected to oscillate at low levels. No trend strength is provided [2][5]. - **Pure Benzene**: Expected to oscillate weakly. No trend strength is provided [2][5]. - **Palm Oil**: Temporarily stabilizes in the short - term, with limited rebound height. No trend strength is provided [2][5]. - **Soybean Oil**: U.S. soybeans stabilize, and the spread between soybean oil and palm oil is expected to widen. No trend strength is provided [2][5]. - **Soybean Meal**: Expected to oscillate. No trend strength is provided [2][5]. - **Soybean No. 1**: Expected to oscillate. No trend strength is provided [2][5]. - **Corn**: Expected to oscillate. No trend strength is provided [2][5]. - **Sugar**: Expected to trade within a range. No trend strength is provided [2][5]. - **Cotton**: Lacks upward drivers, and the price is expected to oscillate within a range. No trend strength is provided [2][5]. - **Eggs**: Expected to maintain an oscillating trend. No trend strength is provided [2][5]. - **Live Pigs**: The price spread between fat and lean pigs in the north is narrowing, and driving factors are emerging. No trend strength is provided [2][5]. - **Peanuts**: Attention should be paid to the spot market. No trend strength is provided [2][5].

Core Insights - Coherent Corp. (COHR) is set to release its fourth-quarter fiscal 2025 results on August 13, after market close, and has consistently surpassed the Zacks Consensus Estimate in the past four quarters with an average earnings surprise of 15.2% [1] Revenue Expectations - The Zacks Consensus Estimate for Coherent's revenues is $1.5 billion, reflecting a 15.2% increase compared to the same quarter last year [2] - The Networking segment is expected to generate $930.2 million, indicating a significant year-over-year growth of 21.9%, driven by strong demand in the AI data center market [2][9] - The Materials segment's consensus estimate is $231.2 million, suggesting a decline of 2.6% year-over-year due to ongoing softness in the consumer electronics market [3] - For the Lasers segment, the estimate stands at $358.4 million, which is a 3% increase from the previous year, supported by rising demand for excimer annealing lasers and strength in the semi-cap equipment market [4][9] Earnings Projections - The consensus estimate for earnings per share is 93 cents, indicating a substantial year-over-year growth of 52.5% [4] - Coherent's model predicts an earnings beat, supported by a positive Earnings ESP of +8.32% and a Zacks Rank of 1 (Strong Buy) [5]