Broker Research: Sector, Macro and Strategy Notes

Citi·2026-11-02Thematic

AMZN GOOGL META MSFT

Morgan Stanley·2026-11-02Sector

BMY.USGILD JNJ MRK VRTX

Morgan Stanley·2026-11-02Sector

1030.HK1109.HK601155.SHChina property·NeutralChina secondary home prices (100 cities): fallingOct 2026

Morgan Stanley·2026-11-02Strategy

J.P. Morgan·2026-11-02Macro

Morgan Stanley·2026-11-02Credit

ORCL AMZN DELLOracle 5Y CDS·UnderweightORCL 5.2% 2035 bonds·Underweight

Morgan Stanley·2026-11-02Macro

US consumer sentiment (net): improvedOct 2026

Goldman Sachs·2026-11-02Sector

SKHYNIX SMSN KIOXIA

Barclays·2026-11-02Macro

Bernstein·2026-11-02Sector

002008.SZ002415.SZ002747.SZ2715.HK300124.SZ6861.T6954.TChina factory automation·NeutralChina industrial profit growth: acceleratedOct 2026

Morgan Stanley·2026-11-02Sector

000776.SZ1776.HK3908.HKChina brokers·Overweight

Bernstein·2026-11-02Sector

CVX XOM

Citi·2026-11-02Macro

Taiwan foreign equity flow: Observed monthly flowOct2026Korea foreign equity flow: Observed monthly flowOct2026

Morgan Stanley·2026-11-02Strategy

000001.SZ300750.SZ300760.SZ600019.SH600741.SH601318.SH601838.SHHigh-yield OW CSI300 buyback candidates·Overweight

Bernstein·2026-11-02Sector

006400.KS373220.KSGM.USLI

Morgan Stanley·2026-11-02Strategy

Quality·OverweightS&P 500: targetYE26

J.P. Morgan·2026-11-02Strategy

DD.USITW.USMETA PLTR TT

Bernstein·2026-11-02Sector

DKNGFLUT.US

Nomura·2026-11-02Macro

Share buyback relending rate: cutNov 2026

Morgan Stanley·2026-11-02Sector

Low-end PC OEM/ODMs·UnderweightServer assemblers/CPU sockets/ABF·Overweight

Research: Broker notes on sectors, macro, rates and strategy

Artificial Intelligence ROI on AI: Rev Growth Accelerates as Returns & Backlog Growth Moderate

Biopharma: A picture is worth a thousand words

China Property - Asia Pacific Faster Price Declines, Mixed Leading Indicators in October

China Equity Strateg: China Five-factor Consumer Activity Z-Score vs.MSCI China

China's RatingDog PMI: Output up, prices down

ORCL Credit: The Bonds Have Cleared, The Clouds Have Not

Thematic Alpha: US Consumer Pulse Survey: Consumer Sentiment Edges Up, AI Usage Hits New Highs

APAC Tech_ Semiconductors Memory_ Kioxia CY3Q26 read-across; mid- to long-term positive NAND outlook intact; Buy SEC_Hynix

China: PMIs soften amid lingering weakness

Asian Industrial Technology Asian Industrial Tech: The Barometer (September October 2026)

China Financials Asia Pacific Upcoming PBOC Liquidity Support Has Lifted Broker Shares

Americas Energy & Transition Americas Integrated 3Q26: A rocky harbor amidst various precarious storms

Asia FX and Rates Strategy Asia Flow Overview: October 2026–Equity Outflows Deepen amid AI Sentiment Correction

China Market-Wise: National Team Stepping Up-Implications

Global Energy Storage

US Equity Strategy - North America Weekly Warm-up-Enter Sandman

Portfolio Managers’ Monthly U.S. Equity Thematic Research

U.S. Entertainment: DraftKings & Flutter,Cleaner path from notional prediction market volume to P&L, but can it outweigh a decelerating core?

Asia Insights: China: A shift to market-defending mode

Key US CPU vendor's 3Q26 earnings call – key implications for our coverage