Pre-market trading in US stocks | Tesla and WeWork lead the decline! Wall Street's major banks' earnings reports are coming tonight.

Top News in US Stocks

1. In December, China's social financing scale increased by RMB 1.94 trillion, compared to RMB 2.45 trillion in the previous period. China's M2 money supply grew by 9.7% YoY in December, compared to 10% in the previous period. New RMB loans in December amounted to RMB 1.17 trillion, compared to RMB 1.09 trillion in the previous period.

2. Ideal L7/L8/L8 series launches early-year promotional activities. According to Ideal stores, the price range for different models has been reduced by RMB 35,000 to RMB 38,000. In addition, there is a RMB 10,000 license plate subsidy in Shanghai. This promotion will end at the end of January. In March, Ideal will launch the updated L9 and a new MPV model called MEGA.

3. According to Tesla China's official website, the price of the refreshed version of Model 3 has been lowered. The starting price for the refreshed rear-wheel drive version is RMB 245,900, and the starting price for the long-range refreshed version is RMB 285,900. The price of the rear-wheel drive version of Model Y has been lowered to RMB 258,900, and the price of the long-range version has been lowered to RMB 299,900. The delivery time for both models is 2-6 weeks. The price of the Model 3 rear-wheel drive version has been reduced by RMB 15,500, and the price of the long-range refreshed version has been reduced by RMB 11,500. The price of the Model Y rear-wheel drive version has been reduced by RMB 7,500, and the price of the long-range version has been reduced by RMB 6,500.

4. Tesla's Berlin factory may temporarily suspend most of its production due to the escalating conflict in the Red Sea.

5. In 2023, Airbus SE delivered 735 commercial aircraft to 87 customers worldwide, an increase of 11% YoY. Airbus SE received a total of 2,319 new orders for commercial aircraft (net orders of 2,094), including 1,835 A320 series aircraft and 300 A350 series aircraft. By the end of 2023, the backlog of orders reached 8,598 aircraft.

6. In 2023, the daily average DAU (Daily Active Users) of short dramas on Kuaishou reached 270 million, and the number of heavy users who watch more than 10 episodes per day reached 94 million, a YoY increase of 52.6%. In terms of creator ecology, as of the end of 2023, the number of short drama creators on the Kuaishou platform has exceeded 100,000.

Pre-market Movement

In pre-market trading, the futures of the three major stock indexes in the US showed mixed trends, while the fear index rose.

In the technology sector, Tesla's stock fell more than 2% before the market opened.

Chinese concept stocks generally declined, with Ideal and NIO falling more than 2%, Bilibili, Xiaopeng, and JD.com falling more than 1%, and Alibaba declining.

The escalation of the conflict in the Red Sea pushed up oil prices, and US oil companies' stocks rose in pre-market trading. Western Oil rose 1.3%, Chevron rose 1.14%, Exxon Mobil rose 0.94%, and Schlumberger rose 1.02%.

Cryptocurrency-related stocks generally declined in pre-market trading, with Coinbase, Marathon Digital, and Riot Platforms falling more than 3% at one point, and MicroStrategy and Bit Digital falling nearly 2%.

Strategy Review

1. The analyst who understands Apple the most: Apple Vision Pro pre-sales with a stock of 60,000-80,000 units, "selling out" is in line with expectations

Guo Mingchi, an analyst at TF International, believes that if Vision Pro cannot sell out instantly, it will be lower than expected, affecting Apple and the stock prices of the industry chain. The market response to Vision Pro is the focus of observation for the Apple industry chain this year.

2. Why has Alibaba's target price been frequently lowered recently?

Since the beginning of the year, both Wall Street and domestic institutions have been lowering Alibaba's target price, with the lowest being HKD 103 and the highest being only HKD 128, which means there is still a 46%-81% upside potential. Why is this?

3. Understanding the market | Can the US stock market rise by another 12%?

Strong revenue growth and healthy cash flow of large tech stocks, along with significant investments in artificial intelligence and chip fields, may bring huge returns! However, investors may consider moving some funds to more stable industries such as healthcare and defense, as the expected P/E ratio of these stocks is only 14-15 times, with the potential to achieve a healthy return of 10% annually.

4. How is the trading situation on the first day of the Bitcoin spot ETF listing?

Many institutions have not entered the market yet, but the trading volume has already skyrocketed to USD 4.6 billion. Although Vanguard, Goldman Sachs, and other major institutions are not joining the battle for now, analysts believe that with more institutions joining, it may ignite a new round of market trends.

5. Outlook | Big bank earnings reports are coming tonight! Can the performance hold up?

Due to the rise in financing costs, the market expects that the fourth-quarter performance of large banks will generally be poor. However, "bank stocks are obviously not as cheap as they used to be, but at the same time, I don't think people believe that the valuation of banks is too high."