Internationally:
1. Morgan Stanley: Changes at the Fed under Warsh will first be reflected in balance sheet reduction.
2. JPMorgan Private Bank: Gold prices are undergoing a healthy technical correction; positions are far from crowded; year-end target is $6150.
3. Deutsche Bank: Still bullish on gold prices, maintaining a target price of $6000.
4. Sucden Financial: The long-term logic for precious metals remains unchanged; a mild rebound is expected in the short term.
5. Capital Economics: Warsh's primary challenge at the Fed is persuading his colleagues to cut interest rates.
6. Saxo Bank: Falling US Treasury yields are supported by Warsh's nomination and safe-haven demand.
7. ING: A strong euro is unlikely to change Lagarde's exchange rate stance, but the market has not factored in the risk of verbal intervention from the ECB.
8. Chip bull market combined with reform dividends; JPMorgan Chase raises its target for the South Korean KOSPI to 7500 points.
Domestic:
1. Huachuang Securities: Related "tax" rumors are over-analysis and lack concrete evidence. 2. CICC: We recommend seizing the opportunities presented by the transformation of the entire industry chain brought about by space photovoltaics, and continuously monitoring the intensive catalysts for implementation in the manufacturing sector.
3. Zhongtai Securities: The TMT industry is expected to continue its recovery trend driven by both policy and demand.
4. CITIC Securities: Domestic energy storage installations are expected to grow rapidly; we are optimistic about leading manufacturers in the energy storage industry chain.
5. CITIC Securities: We expect leading home appliance companies to achieve steady performance growth; we recommend paying close attention.
6. CITIC Securities: The turning point in this round of adjustments in the liquor sector is approaching, presenting a bottoming-out opportunity for the liquor sector.
7. Huatai Securities: We recommend focusing on stable high-dividend stocks with defensive attributes and some high-dividend stocks with potential.
8. Zhongtai Securities: The TMT industry is expected to continue its recovery trend driven by both policy and demand.
