International
1. HSBC: The US dollar may be nearing its bottom due to a low probability of a Fed rate cut in 2026.
2. JPMorgan Trading Desk: Now is the time to buy US stocks; the technical correction may be over.
3. Morgan Stanley: Despite mixed inflation data, the Bank of England could still proceed with a rate cut in December.
4. Wedbush: Nvidia is poised to ignite a year-end bullish rally in tech stocks.
Domestic
1. CITIC Securities: Gemini 3 Pro leads in multimodal performance; focus on new application opportunities.
2. CITIC Securities: The Hong Kong stock market may see a second round of valuation repair and further earnings recovery next year.
3. Huatai Securities: Continue to recommend pro-cyclical airlines, trade oil shipping, and allocate to highways.
4. Tianfeng Securities: Suggest focusing on the recovery opportunities in the liquor sector; optimistic about three main themes.
5. CITIC Securities Pharmaceutical Consumer and Biopharmaceutical Industry Outlook for 2026: We are optimistic about the recovery in demand for traditional Chinese medicine by the end of the year and the subsequent opportunities for improvement in fundamentals and valuations.
