Pre-market US stocks | NTES-S leads the decline of Chinese concept stocks! Market focuses on tonight's US non-farm payroll data

Top News in US Stocks

1. According to reports, within the ranks of Li Auto, there is a consensus that this year is the main battleground between Li Auto and Huawei.

Multiple insiders at Li Auto have stated that the company's first all-electric vehicle, MEGA, was originally planned to be launched in December last year but was delayed after the announcement of the launch date for M9. The reason for the delay is twofold: Li Auto intends to modify the seating configuration of MEGA, and M9's launch allows MEGA to have a "second-mover advantage" by referencing its pricing.

1. Tesla China is recalling over 1.6 million electric vehicles due to safety concerns.

2. Tesla revised the estimated range of certain versions of Model S, X, and Y vehicles on Thursday, showing lower range figures on its website for some models compared to before.

According to Tesla's US website, the base range of Model Y is 242-260 miles, the long-range version is 292-310 miles, and the performance version is 285 miles. This means that the range of the company's two most popular high-end models has decreased by nearly 20 miles.

Similar changes in estimated range figures are also shown on the order pages of Model X and Model S. The range of different versions of Model S and Model X has decreased by up to 37 miles.

1. Alphabet-C is planning to reform the way businesses track users online, with a focus on the use of cookies. Cookies are a technology that records the activities of internet users on various websites, with the purpose of enabling advertisers to deliver relevant ads to users.

Starting from this Thursday, Alphabet-C will begin a limited test that restricts 1% of Chrome browser users from using cookies. Alphabet-C plans to phase out cookies for all Chrome browser users by the end of this year.

1. Starting from Thursday, Carrefour stores in France, Italy, Spain, and Belgium will display signs on the shelves of PepsiCo products stating that "due to unacceptable price increases," the store will no longer stock these brands.

2. Market research data shows that KeeTa, the food delivery platform under Meituan, has achieved a market share of approximately 31% in Hong Kong in less than six months since its launch, surpassing Deliveroo and becoming the second-largest player in Hong Kong. In terms of merchant operations, KeeTa has seen a monthly growth rate of over 30% on average since entering the Hong Kong market in May.

Insiders have stated that since the normal operation in Hong Kong, KeeTa has maintained a monthly growth rate of over 30%, and according to the established strategy, "maintaining stable and rapid growth in the future is not a problem."

Pre-market Movement

In pre-market trading, the futures of the three major stock indices in the US are down, and the fear index has surged.

Popular Chinese concept stocks fell before the market, with NetEase down more than 2%, Alibaba, Xiaopeng, Li Auto, and Bilibili down more than 1%, and Pinduoduo, JD.com, and NIO following suit.

In terms of individual stocks, Peloton rose 9% before the market, after announcing a partnership with TikTok.

Strategy Review

1. Preview of Non-Farm Payrolls | US Stocks and Bonds Start 2024 on a Bad Note! Will Tonight's Data Make Matters Worse?

How will US stocks perform tonight? Goldman Sachs trader John Flood predicts that the worst-case scenario is that the data released is very strong, causing US stocks to be hit by a surge in bond yields. However, even data below 50,000 is not optimistic and will once again raise concerns about an economic recession.

2. Understanding the Market | Why US Stocks May Continue to Adjust?

US stocks have experienced a climb since November last year, and the technical trend is already very over-extended. Coupled with the Christmas rally at the end of the year, the overbought level has further worsened, setting the stage for a correction at the beginning of this year. Moreover, January is traditionally a weaker month for US stocks in the annual cycle.

3. Understanding the Market | What is the "Biggest Risk" at the Moment?

The latest data signals an overheating of the US economy, causing both stocks and bonds to decline. Traders have made large bets that US bonds will suffer a heavy blow after the release of the non-farm payrolls report on Friday night.

4. Company Analysis | Tesla's First Big Event of 2024 is Coming!

"More important than the delivery volume news is Tesla's upcoming earnings conference call on January 24th." Is Tesla's expected delivery volume of about 2.2 million units in 2024 low enough? Has the gross margin of around 16% in the third quarter already bottomed out?

5. PepsiCo Faces a Sudden Crisis!

PepsiCo, a century-old store, is facing a major crisis. Global supermarket giant Carrefour has announced that it will stop selling Pepsi-Cola, Lay's potato chips, 7Up, and other products due to the high cost of price increases. This decision will affect more than 9,000 Carrefour stores in four European countries, including France, Italy, Spain, and Belgium. This move is a microcosm of the inflation problem and is also part of a price negotiation strategy. Pepsi-Cola has stated that it will continue to cooperate with Carrefour to ensure product supply.