Broker Research: Sector, Macro and Strategy Notes

Bernstein·2026-11-03Sector

300750.SZCATL006400.KS051910.KS300274.SZ373220.KS

Bernstein·2026-11-03Sector

000858.SZ0168.HK0291.HK600519.SH605499.SH9633.HKCFR.SWRMS.PAChina premium baijiu·OverweightChina sportswear·NeutralChina GDP growth: improved3Q26

Bernstein·2026-11-02Sector

AAL.LBHP.AXFMG.AXRIO.LVALE.USIron ore·UnderweightIron ore price: could dip into the $80s/tnear term

Bernstein·2026-11-02Sector

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

Bernstein·2026-11-02Sector

CVX XOM

Bernstein·2026-11-02Sector

006400.KS373220.KSGM.USLI

Bernstein·2026-11-02Sector

DKNGFLUT.US

Bernstein·2026-11-02Sector

GPN.USFIS.USFISV.USPYPL

Bernstein·2026-11-02Sector

DEC.PASAX.DE

Bernstein·2026-11-02Sector

AMAT AMD AVGO INTC KLAC LRCX NVDAUS semiconductors·Overweight

Bernstein·2026-11-02Sector

1801.HK3692.HK6990.HK9688.HKAKESO MRK

Bernstein·2026-10-30Sector

PINS RDDT

Bernstein·2026-10-30Sector

AMT.USCRWVDLR.USEQIX MSFT ORCL

Bernstein·2026-10-29Sector

AAPL

Bernstein·2026-10-29Sector

US Telecom·Neutral

Bernstein·2026-10-29Sector

FCX

Bernstein·2026-10-28Sector

CATLChina ESS battery shipments: 1,206GWh2026

Bernstein·2026-10-28Sector

CRM MSFT ORCL SNOW

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

Global Energy Storage: Is CATL losing its moat?

China Consumer Pulse: Amplifying K shaped consumer behaviour in 3Q26

Global Metals & Mining Global Metals & Mining: Iron Ore -trapped in the cross current of rising freight costs and inventory destocking

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

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

Global Energy Storage

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

Payments, Processors & IT Services Payments: Our brief perspectives on potential GPN takeout and read-across for the rest of the fintech

Global Media: Beginner's guide to Out-of-Home advertising

U.S. Semiconductors and Semiconductor Capital Equipment: U.S. Semiconductors and Semicap,A crisis of confidence?

China Pharma and Biotech: ESMO 2026 Summary: Global validation arrives

U.S. Internet PINS & RDDT 3Q26: Wrong kind of centaur

Global Biopharma: ESMO KOL event takeaways—ADC + next gen IO could potentially replace Keytruda in selected 1L NSCLC

Global Software + US Communications Infrastructure Decoding Datacenter Contracts: Key takeaways and transcript from our discussion with a legal expert

U.S. IT Hardware: APPLE TRACKER (September): Staggered iPhone18 launch ends 18months of YoY unit growth; downside risk to FQ4 est.

US Telecom & US Aerospace & Defense US Telecom & SPCX: The First to Blink...Yet Eyes Remain Closed? Telcos Hold the Line on SpaceX MVNO

Global Metals & Mining: 3Q26 FCX dropped extremely intriguing hints around leaching breakthroughs...our take

Global Luxury Goods: Cyclical and Structural

Global Energy Storage: Global ESS TRACKER -September 2026: Strong ESS tenders signal continuing growth

Global Software How crowded is software as we enter Q4'26