S&P 500

Applovin

Conference Minutes

.SPX

VOOG

00700

AXON

TCEHY

80700

TCTZF

SELF

HTCD

The following is a summary of the 3Q25 earnings call minutes for $AppLovin(APP.US) organized by Dolphin Research. For financial report interpretation, please refer to &#34;Without High Growth and Violent Aesthetics, Is Applovin Still Attractive?&#34; 1. Review of Core Financial Information This Quarter: The upgrade of the core gaming business model drove revenue to increase by 68% year-on-year to approximately $1.405 billion; adjusted EBITDA reached $1.158 billion, up 79% year-on-year, with a profit margin of 82%, an increase of 1 percentage point from the previous quarter, mainly due to the leverage effect and the moderate alleviation of foreign exchange fluctuations...

SPDR S&P 500

VG S&P 500 Grw

MediaAlpha

TENCENT

Axon Enterprise

Tencent

TENCENT-R

Tencent Holdings Limited

Global Self Storage

AppLovin

Hasbro

Ameriprise Financial

Tencent HK SDR 10to1

Applovin (Minutes): Currently, the week-over-week growth rate of new user spending on the self-service advertising platform has reached 50%

Strategy Report

ABTC

GBTC

SBET

SOXS

.IXIC

SQQQ

GLDM

SDOW

SGOL

SOXL

Continued tight liquidity has started to affect beneficiaries under ample liquidity, such as Bitcoin, as well as tech growth stocks with weak fundamentals and excessive valuations. But what cause the liquidity shortage abruption? what may ease it? and how to position portfolios under this circumstance?

American Bitcoin

Grayscale Bitcoin Trust BTC - ETF

SharpLink Gaming

Angel Oak Mortgage-Backed Securities ETF

VanEck Semiconductor ETF

iShares Core S&P Mid Cap

Direxion Semicon Bear 3X

iShares Gold Trust

NASDAQ Composite Index

Proshares UltraPro Short QQQ ETF

SPDR Gold Minishares

SPDR Gold Shares

iShares Core S&P Small Cap

ISHRS Russ 1000

iShares Core S&P 500

Invesco QQQ Trust

Pro UltrPro Shrt Dow30

Abrdn Gold ETF Trust

Direxion Semicon Bull 3X

U.S. gov. shutdown to trigger a 'dollar shortage'?

SOXX

CP00062

000831

00769

NVDA

PHUN

DJTWW

The U.S. federal government has been in a shutdown since October 1st, and it has now been over a month. During this period, although there has been almost no release of federal-level macroeconomic data, the 'G2' meeting between China and the U.S. in South Korea, the Federal Reserve's interest rate cut, and the AI infrastructure investment frenzy by American tech giants during the earnings season have resonated to create a small peak in the U.S. stock market. However, the core issue the market now faces is whether the realization of these benefits means that all the good news has been priced in, and whether the remaining time in 2025 will be 'junk' time. 1. Powell's 'hawkish' rate cut...

iShares Semiconductor ETF

Semiconductor

ZGXT

CHINA RAREEARTH

NVIDIA

Phunware

Trump Media & Tech

Trump Media & Tech - CW28

All become 'money-eating beasts'! Can the giants of the US stock market still take the lead?

Today’s Key News Recap

09866

SVXY

1017｜Dolphin Research Focus: 🐬 Macro/Industry 1. Fed Beige Book Sets Tone for 'Soft Landing': The latest Fed survey shows that economic activity has been 'essentially flat' in recent weeks, with stable employment but some sectors starting to lay off workers. Tariffs have pushed up input costs while end-product price increases have been limited. Powell simultaneously hinted that 'balance sheet reduction may end in the coming months,' slightly raising expectations for easing. 2. US-China Tariffs Enter 'Talks-Negotiation' Window: US officials collectively criticized China's rare earth export controls on Wednesday but emphasized 'no intention to escalate the conflict.' The market interprets this as a possibility of reaching limited exemptions before November 1, with the VIX retreating from its high...

NIO-SW

Taiwan Semiconductor

NIO Inc. USD OV

Pro Ultr Silver

iShares Silver Tr

Pro Shrt Vix Shrt Future

Global Industrial

TSMC Profit Surprises; Nio Sued by Singapore Sovereign Wealth Fund｜Today's Important News Recap

TSLA

0311 ｜Dolphin Research focuses on: 🐬 Macro/Industry 1. Last night, U.S. stocks plummeted, with the S&amp;P 500 index falling below the 200-day moving average, marking its first entry into what is referred to as the &#34;danger zone&#34; by the market. This was mainly due to concerns over high inflation and the U.S. economy potentially falling into recession, triggered by tariffs. When asked whether the U.S. would experience a recession this year, Trump did not rule out the possibility, stating that the economy is undergoing a &#34;transition period.&#34; As a result, Hong Kong and A-shares experienced varying degrees of decline this morning, but both rebounded and turned positive by the end of trading. Additionally, today, Trump plans to meet with top business executives...

Tesla

Hong Kong and A-share rebates; New energy Collective Surge ｜Today's important news review

Hot topic

Trump once again wields the tariff stick, and global assets seem to have entered a risk-off mode, including the Chinese assets that were originally being reassessed, which have also entered a correction mode. Dolphin Research seizes the opportunity to discuss the policy logic of Trump’s current administration. In fact, if you pay attention to the media interviews of the U.S. Treasury Bessent during this period, Trump's fiscal policies are quite understandable: 1. Core belief: The allocation efficiency of the private sector is higher than that of the government sector. 2. Policy objectives: Reduce national debt (the core is interest payment costs), lower inflation, and bring manufacturing back...

How to interpret Trump's tariff stick this year?

As a key indicator for next week's interest rate cut, last night's August core CPI data basically confirmed that the first rate cut will only be 25 basis points.Structurally, overall inflation increased by 0.2% month-on-month, which is perfectly controllable. However, core inflation rose from 0.2% to 0.3% month-on-month. First, it indicates that the overall inflation can operate within expectations mainly due to the drop in energy prices.Secondly, the most critical acceleration in core inflation month-on-month growth is mainly because residential costs rose sharply again to 0.5% month-on-month. The sharp increase in residential costs is mainly due to the rise in the high-weighted owner's equivalent rent.Owner's equivalent rent can basically be understood as homeowners' expected rental return on their own properties. This figure also rose during the last interest rate cut expectation at the end of last year and the beginning of this year.What does this mean? People will price their asset returns in advance based on the expectation of a rate cut. In other words, once the expectation arises, even before the actual rate cut, it will produce some effect of a rate cut. In this case, an actual rate cut of 25 basis points may have an effect greater than 25 basis points.Even to avoid a repeat of the inflation resurgence expectation at the beginning of the year, the Fed's rate cut on September 18 is most likely to be 25 basis points.Therefore, the focus of next week's FOMC meeting is no longer how many basis points the rate cut will be, but the guidance on the future path and any wording that may further lean toward protecting employment under a 25-basis-point rate cut.In this context, considering that the market was still speculating and pricing in the possibility of a 50-basis-point rate cut, this possibility is now basically gone. Bond prices may need to give back some gains for $iShares barclays 20+ Yr Treasury Bd(TLT.US) $Direxion 20+Yr Trsry Bull 3X(TMF.US).Overall, with low inflation risks, interest-rate-sensitive sectors reacted sensitively after the expectation of lower interest rates emerged, indicating a high possibility of a soft landing for the economy, which is actually favorable for equity assets. $S&amp;P 500(.SPX.US) $SPDR S&amp;P 500(SPY.US)

Direxion 20+Yr Trsry Bull 3X

iShares barclays 20+ Yr Treasury Bd

Friday marks the largest November options expiration date on record.

DA Davidson Predicts Palo Alto Networks' EPS at $0.54 in Q2 2026

Neo Ivy Capital Raises Stake in Johnson & Johnson

Neo Ivy Capital Management Increased Holdings in Chevron in Q2

Magnetar Financial LLC Increases Holdings in Salesforce in Q2

Northstar Financial Reduces Holdings in Micron Technology

Northstar Financial Companies Inc. Reduced Holdings in Eli Lilly

Handelsbanken Fonder AB Reduces IBM Stock Holdings

Handelsbanken Fonder AB Reduced Holding in Applied Materials

Handelsbanken Fonder AB Reduces Holding in Micron Technology

Handelsbanken Fonder AB Increases Holding in CrowdStrike by 16.7%

Private Harbour Increases Holdings in Intel

Fundstrat strategist Tom Lee recommends 'buying the dip' after NVIDIA stock volatility

November 21, 2025, is set to be the largest November options expiration date on record

Analyst reveals Apple plans to release a new entry-level model, the iPhone 17e, in early 2026

Handelsbanken Fonder AB Reduces Merck's Stock Holdings

Handelsbanken Fonder AB Increased Its Stake in Cisco Systems by 7.9% in Q2

Handelsbanken Fonder AB Increases Stake in Visa Inc.

D.A. Davidson & CO. Acquires Shares of Microsoft Corporation

Apple to send delegation to Armenia to explore new opportunities

Mobile-Health Network Solutions

Sonder

Epsium Enterprise

VisionSys AI

PACS

Robo.ai

Luda Tech

RISING DRAGON ACQUISITION CORP COM USD0.0001 15/11/2028 (SUBS/RT)

Planet Green

Defiance Daily Target 2X Short IONQ ETF