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LB Select
2023.09.25 11:04
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Pre-market trading in US stocks: NIO and Xpeng both drop over 6%, Huawei releases MateBook M9! Amazon invests $4 billion in AI company Anthropic.

Alibaba and Pinduoduo both dropped by 2%, JD.com dropped by 3%, Bilibili dropped by nearly 3%, and Beike dropped by over 3%. Huawei released the MateBook M9, priced at 500,000 to 600,000 yuan. Netflix rose by 1%, Disney rose by 0.8%, and Amazon rose by 1.1%.

Top News in US Stocks

  1. On the eve of Double 11, Alibaba's Alimama and Tencent Advertising announced a deepened collaboration. Advertising traffic from WeChat Video Accounts, Moments, Mini Programs, and other platforms will be directed to Taobao, Tmall stores, product details, and Taobao Live through Alimama's UD Effectiveness Delivery.

  2. According to the Financial Times, Amazon plans to invest up to $4 billion in the AI startup Anthropic to promote the development of generative AI.

  3. CNBC reports that US credit card companies are accumulating losses at the fastest pace in nearly 30 years, excluding the financial crisis. Since the first quarter of 2022, credit card losses have been rapidly increasing, with a growth rate only seen during the 2008 economic recession.

  4. It is reported that TSMC's 3nm new design orders have surged, and the monthly production capacity of the 3nm family will increase to 100,000 wafers in the second half of next year.

  5. Ford Motor Company: "There is still a significant gap to be bridged with the United Auto Workers (UAW) on key economic issues."

  6. Market news: The Writers Guild of America and movie studios have reached a preliminary agreement.

  7. According to insiders, SoftBank is expected to decide on Monday to raise up to 120 billion yen through the first public offering of bond-like stocks in Japan.

  8. According to Indian media PTI, Apple plans to increase its production value in India by several times over the next five years. An official stated that Apple's production value in the country exceeded $7 billion in the previous fiscal year, with a target of $40 billion.

  9. Huawei releases the Wanjie M9, priced at 500,000 to 600,000 yuan.

Pre-market Movers

In pre-market trading, Dow Jones futures, Nasdaq futures, and S&P 500 futures are slightly down.

Netflix is up 1%, Disney is up 0.8%. The Hollywood writers and movie studios have reached a new agreement, and the strike is about to end.

Amazon is up 1.1% as the company partners with the AI startup Anthropic.

Alibaba and Pinduoduo are down 2%, JD.com is down 3%, Baidu is down over 1%, Bilibili is down nearly 3%, Beike is down over 3%, Xiaopeng and NetEase are down 1%, Li Auto is down over 6%, and NIO is down over 7%.

Analyst Views

1. Goldman Sachs: Currently in the Worst Seasonal Period for Stocks

Goldman Sachs strategists state that the market is currently in the worst seasonal period for stocks before the end of the third quarter this year. Since 1928, the median return of the S&P 500 index during the last 11 days of September has been negative for 10 days. With the arrival of October, it is expected that this situation will improve, and the performance of the Nasdaq 100 index may gradually recover. 2. UBS lowers shipment expectations for iPhone 15 series, Apple to face greater challenges in China's high-end smartphone market

UBS has stated that due to factors such as insufficient competitiveness of the iPhone 15 series, it has decided to lower the shipment expectations for the new models from 80-90 million units to 78 million units. "In the high-end market, Apple's monopoly position will still be maintained this year and next year. However, in the price range of $600-800, Apple's market share may continue to decline due to competition from Huawei and other Chinese manufacturers."

US Stock Market Strategy

  1. US Stock Options: Increased trading volume for bearish options on Nvidia and Meta, options trading for Sofi and Draftkings doubled

  2. Arm and Instacart both fell back to their IPO prices, US stock IPOs are not "exciting" enough

  3. Will the US stock market experience a "crash"? JPMorgan: Accelerated decline in the fourth quarter!

  4. Alibaba back above the 10-day moving average, how is the progress of Cainiao and Hema's listing?

  5. Deutsche Bank: Historical data from the past 327 years tells us that the probability of a US recession is as high as 76%

  6. Morgan Stanley optimistic about "WeChat Mini Games": Market still underestimating Tencent!

  7. US stock market approaching oversold levels in the short term! How much pressure will follow?

  8. After a 60% plunge, JPMorgan predicts a 50% rise for Disney!

  9. Analysis Report: XPeng's target price raised! Apple, Tencent, Meituan, Kuaishou, and NetEase all receive positive outlooks!

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