Pre-market US stocks | XPENG-W, Li Xiang, BIDU-SW lead the decline of Chinese concept stocks! Tesla and Apple are also falling.

Top News in US Stocks

1. On the evening of January 15th local time, the first Republican primary for the 2024 US presidential election officially began in Iowa. According to calculations by multiple US media outlets, Trump won the Republican primary in Iowa for the 2024 US presidential election.

2. Canalys released a report showing that the global smartphone shipments in 2023 totaled 1.1 billion units, a 4% YoY decrease. Apple slightly surpassed Samsung for the first time and became the manufacturer with the highest shipments in 2023, but both companies had a market share of 20%. Xiaomi, OPPO, and Transsion accounted for 13%, 9%, and 8% of the market share, respectively.

3. Musk posted on his self-controlled social media platform X (formerly known as Twitter) that Tesla is developing into a leading company in the field of artificial intelligence (AI) and robotics, and he feels uneasy without about 25% of the voting control. "Unless I have 25% of the voting rights, I would rather develop products outside of Tesla."

4. The CEO of Microsoft stated that he feels good about the cooperation model with OpenAI. Microsoft has no "doubts" about the structure of OpenAI. Microsoft will invest in the "diversity" of artificial intelligence models. New hardware based on artificial intelligence innovation is an opportunity.

5. Huya plans to collaborate with WeChat Video Account for live streaming. It is worth mentioning that Tencent recently started live streaming King of Glory on Douyin, and Huya, as Tencent's gaming live streaming platform, collaborating with Video Account also means that Tencent will not give up its own gaming live streaming platform.

6. Shell plans to sell its onshore subsidiary in Nigeria for a price of $1.3 billion plus cash.

Pre-market Movement

In pre-market trading, the futures of the three major stock indices in the US fell, and the panic index surged.

Among the star tech stocks, Tesla fell more than 2% in pre-market trading, Apple fell more than 1%, and Amazon fell nearly 1%.

Chinese concept stocks plummeted, with Xiaopeng Motors falling more than 6%, Li Auto falling nearly 5%, Baidu falling more than 4%, Alibaba, JD.com, Bilibili, and Pinduoduo falling more than 2%, and NetEase and NIO falling nearly 2%.

In terms of individual stocks, TSMC fell more than 1% in pre-market trading, and analysts predict a 23% decline in Q4 profits.

Boeing fell more than 1% in pre-market trading as the Federal Aviation Administration (FAA) will conduct a new safety inspection of the Boeing 737 MAX 9.

TAT Tech rose more than 4% in pre-market trading as the company signed a five-year contract with an undisclosed international airline operator for maintenance, repair, and operation services, with estimated total revenue of $10 million.

Strategy Review

Threatening Shareholders? Musk: Without 25% Voting Rights, It's Better to Do AI and Robotics Outside of Tesla

Musk hopes to gain greater control over Tesla, questioning why if the current stock holdings are already sufficient for motivation, then why don't Fidelity and others who hold similar shares come to work? Are Douyu and Huya finally abandoned by Tencent?

What does it mean that Douyin is finally live streaming King of Glory?

Why is the US stock market pursuing "high-quality" stocks?

Why are investors interested in this strategy? Because high-quality companies usually perform well during economic slowdowns, such as Nvidia and Microsoft with strong performance growth, or stable profit companies like Coca-Cola and Johnson & Johnson.

Behind Apple's price reduction: a dual failure in the consumer market and the capital market?

Price reductions and Vision Pro are both Apple's self-rescue measures in the face of declining smartphone sales and being considered "no longer a growth stock".

Goldman Sachs: Bullish overcrowding increases the risk of a US stock market correction

Goldman Sachs strategists say that bulls are flooding into the stock market, increasing the risk of a market correction after a strong rebound by the end of 2023. The strategists point out that both stock positions and sentiment have risen to relatively bullish levels, which often dampens further market gains.

In addition, the strategists believe that technology stocks have taken the lead in this rebound, and narrowing breadth means that recent returns will remain flat. Goldman Sachs strategists expect a significant amount of money deployed in money market funds to shift to the stock market, further driving the market up.